I analysed 4 SG stocks linked to palm oil, agri-commodities and biodiesel themes using my 1GT strategy.

Some are showing reversal signs. Some are still trending strong.

▶️ Watch the breakdown here: https://youtu.be/2Yv0zMt00dI

$SATS(S58.SI) continues to trend higher after breaking above the 4.60 level, with prices now consolidating around 4.80 and eyeing the 5.00 resistance. 

The 20d, 100d and 200d moving averages are all pointing up, keeping momentum aligned with the broader uptrend. The recent 1GT Bullish signal remains in play as buyers continue to defend higher lows.

If price can break and close firmly above 5.00, the next leg higher could unfold from here. Could a clean breakout above 5.00 spark the next move higher?

Missed today's session? No worries!

We covered the 𝐥𝐚𝐭𝐞𝐬𝐭 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐨𝐮𝐭𝐥𝐨𝐨𝐤, analysed a 𝟏𝟓+ 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐬𝐭𝐨𝐜𝐤𝐬 𝐫𝐞𝐪𝐮𝐞𝐬𝐭𝐞𝐝 𝐛𝐲 𝐯𝐢𝐞𝐰𝐞𝐫𝐬, and shared a few 𝐛𝐨𝐧𝐮𝐬 𝐬𝐭𝐨𝐜𝐤𝐬 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐨𝐧 𝐨𝐮𝐫 𝐫𝐚𝐝𝐚𝐫.

If you'd like to revisit the charts or catch up on today's discussion, you can watch the full replay here.

📺 𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐫𝐞𝐩𝐥𝐚𝐲:
👉 https://www.youtube.com/watch?v=Kfwf9NkfoRA

We hope you found the session useful, and we'll see you again at the next 𝐀𝐌𝐀𝐒 𝐋𝐢𝐯𝐞!

https://www.youtube.com/live/OlP2rzH9JH8?s...
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI) $SIA(C6L.SI) $Singtel(Z74.SI)

https://youtu.be/nUb7ih6sWII
$DBS(D05.SI) $OCBC Bank(O39.SI) $IFAST(AIY.SI) $SIA(C6L.SI) $Seatrium Ltd(5E2.SI)

https://www.youtube.com/live/iSEJFpbTJ7M?s...
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI)

I’m sharing this insightful piece from REITsavvy because it hits on a critical topic Cecilia HL TAN (Former CEO of an SGX-listed REIT) and I have been advocating for: we need to move beyond binary "beat or miss" thinking in the S-REIT market.

When newly listed REITs like UI Boustead REIT report maiden results slightly off IPO projections, the immediate market reaction is often overly punitive—ignoring strong underlying asset performance like rising occupancy and positive rental reversions.

💡My Key Takeaways & Why I Support This Call:
🔹S-REITs are structurally built for guidance: Unlike volatile corporate equities, REITs have contractual multi-year leases, hedged debt, and predictable cost structures.
🔹Tackles "selective explanation": Companies often explain good results enthusiastically, but grow opaque when performance misses. Forward guidance creates an objective, two-way standard of transparency.
🔹Drives real management accountability: Public forward projections force leadership to stress-test FX and rate risks early, cascading clear KPIs down to leasing and asset management teams.

Markets don't demand flawless crystal balls—they value managers who demonstrate sound judgment when forecasting and credibility when explaining changes.

👇 Read the full REITsavvy article below for the complete breakdown:

https://reitsavvy.com/insights/beyond-the-...

‌

#SREITs #SingaporeREITs #REITs #SGX #RealEstate #ForwardGuidance #CorporateGovernance #Investing #CapitalMarkets #PlanwithKenny

‌
‌
$FSTAS351020(FSTAS351020.IN)‌ ‌ $LION-PHILLIP S-REIT(CLR.SI)‌ ‌ $CSOP iEdge SREIT ETF US$(SRU.SI)‌ ‌ $CSOP iEdge SREIT ETF S$(SRT.SI)‌ ‌ $UOB AP GRN REIT S$(GRN.SI)‌ ‌ $UOB AP GRN REIT US$(GRE.SI)‌ ‌ $BHG Retail Reit(BMGU.SI)‌ ‌ $CapLand IntCom T(C38U.SI)‌ ‌ $CapLand China T(AU8U.SI)‌ ‌ $Fortune Reit HKD(F25U.SI)‌ ‌ $Frasers Cpt Tr(J69U.SI)‌ ‌ $Lippo Malls Tr(D5IU.SI)‌ ‌ $Mapletree PanAsia Com Tr(N2IU.SI)‌ ‌ $StarhillGbl Reit(P40U.SI)‌ ‌ $IREIT Global(UD1U.SI)‌ ‌$Keppel Reit(K71U.SI)‌ ‌ $ManulifeReit USD(BTOU.SI)‌ ‌ $OUEREIT(TS0U.SI)‌ ‌ $Suntec Reit(T82U.SI)‌ ‌ $AIMSAMP Cap Reit(O5RU.SI)‌ ‌ $CapitaLand Ascendas REIT(A17U.SI)‌ ‌ $EC World Reit(BWCU.SI)‌ ‌ $ESR-REIT(J91U.SI)‌ ‌ $Frasers L&C Tr(BUOU.SI)‌ ‌ $Frasers L&I Tr AUD(BWQU.SI)‌ ‌ $Keppel DC Reit(AJBU.SI)‌ ‌ $Mapletree Ind Tr(ME8U.SI)‌ ‌ $Mapletree Log Tr(M44U.SI)‌ ‌ $Sabana Reit(M1GU.SI)‌ ‌ $Far East HTrust(Q5T.SI)‌ ‌ $CDL HTrust(J85.SI)‌ ‌ $CapLand Ascott T(HMN.SI)‌ ‌ $Frasers HTrust(ACV.SI)‌ ‌ $First Reit(AW9U.SI)‌ ‌ $ParkwayLife Reit(C2PU.SI)‌ ‌ $Dasin Retail Tr(CEDU.SI)‌ ‌ $NikkoAM-STC Asia REIT(CFA.SI)‌ ‌ $Sasseur Reit(CRPU.SI)‌ ‌ $Nikko AM STI ETF(G3B.SI)‌ ‌ $STI ETF(ES3.SI)‌ ‌$CapLand India T(CY6U.SI)‌ ‌ ‌$Acro HTrust USD(XZL.SI)‌ ‌ $Keppel Reit(K71U.SI)‌ ‌ $Prime US ReitUSD(OXMU.SI)‌ ‌ $Lendlease Reit(JYEU.SI)‌ ‌ $NikkoAM-STC Asia REIT(CFA.SI)‌ ‌ $ELITE UK REIT(MXNU.SI)‌ ‌ $UtdHampshReitUSD(ODBU.SI)‌ ‌ $STONEWEG EUROPEAN REIT(CWBU.SI)‌ $Cromwell Reit SGD(CWCU.SI)‌ ‌ $CapitaLandInvest(9CI.SI)‌ ‌ $Daiwa Hse Log Tr(DHLU.SI)‌ ‌ $DigiCore Reit USD(DCRU.SI)‌ ‌ $PARAGON REIT(SK6U.SI) $Stoneweg EUTrust EUR(SET.SI) $Stoneweg EUTrust SGD(SEB.SI) $ESR REIT(9A4U.SI) $Cent Accom REIT(8C8U.SI) $NTT DC REIT USD(NTDU.SI)

𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐞𝐭𝐡𝐢𝐜𝐚𝐥, 𝐩𝐚𝐬𝐬𝐢𝐯𝐞-𝐢𝐧𝐜𝐨𝐦𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐭𝐡𝐚𝐭 𝐬𝐭𝐫𝐢𝐜𝐭𝐥𝐲 𝐚𝐥𝐢𝐠𝐧 𝐰𝐢𝐭𝐡 𝐈𝐬𝐥𝐚𝐦𝐢𝐜 𝐯𝐚𝐥𝐮𝐞𝐬?  🌙✨

For Muslim investors in Singapore, building a halal wealth portfolio that generates consistent cash flow can be a challenge. Conventional fixed-income tools like corporate bonds are strictly out, and finding equities that meet rigorous ethical standards takes extensive research.

That is where Shariah-Compliant #SingaporeREITs come in as an excellent retirement asset class.

As per the field guide published by REITsavvy, S-REITs don't just provide a gateway to robust property income—they can be systematically filtered to ensure your wealth remains pure.

🔍 𝐓𝐡𝐞 𝐓𝐰𝐨-𝐆𝐚𝐭𝐞 𝐒𝐡𝐚𝐫𝐢𝐚𝐡 𝐒𝐜𝐫𝐞𝐞𝐧𝐢𝐧𝐠 𝐏𝐫𝐨𝐜𝐞𝐬𝐬
To be included in the FTSE ST Singapore Shariah Index, a REIT cannot simply "self-declare" compliance. It must pass independent quarterly reviews handled by UK Shariah consultancy Yasaar Limited across two strict thresholds:

1️⃣𝐓𝐡𝐞 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐆𝐚𝐭𝐞: The REIT is immediately excluded if it derives meaningful income from prohibited sectors like conventional banking/insurance, alcohol, gambling, pork, tobacco, or weapons.

2️⃣𝐓𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐚𝐭𝐢𝐨 𝐆𝐚𝐭𝐞: The balance sheet must stay within Islamic finance limits. Most notably, interest-bearing debt must remain below 33% of total assets. Because many S-REITs leverage higher gearing up to the MAS 50% cap, this financial gate acts as a very tight, highly protective filter.

📊 𝐓𝐡𝐞 𝐐1 2026 𝐔𝐧𝐢𝐯𝐞𝐫𝐬𝐞 𝐚𝐭 𝐚 𝐆𝐥𝐚𝐧𝐜𝐞
Per the Q1 2026 review data, out of the broader market, a selective group of 9 S-REITs fully qualified as Shariah-compliant. This includes prominent, high-quality industrial, data center, and healthcare sectors. (Note: Because the index re-runs quarterly, certain assets can move onto a "watch list" or shift status based on their debt levels, which highlights the need for active monitoring).

💼 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐭𝐡𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐌𝐮𝐬𝐥𝐢𝐦 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬
Navigating quarterly index shifts, calculation of dividend purification (cleansing) percentages, and constructing a diversified portfolio requires dedicated expertise.

Whether your goal is to transition your current equity holdings out of CDP into an income-generating, Shariah-compliant mandate, or to tap into broader Islamic mutual funds and Unit Trusts when direct stock entries are stretched, we provide full-suite wealth advisory solutions tailored specifically for Muslim investors.

📥 DM me directly to discuss restructuring your portfolio for #ShariahCompliant dividend income. My Islamic Wealth Advisory team will guide you along in the Islamic Investing Journey.

Kenny Loh is a distinguished MAS Private Wealth Advisor (RNF: LKK300389588) representing Financial Alliance with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.
👉 https://www.kennyloh.net/

#IslamicFinance #HalalInvesting #SREITs #RetirementPlanning #PassiveIncome

Looking for a comprehensive breakdown of the S-REIT landscape listed on SGX Group? The latest REITsavvy Monthly S-REIT Pulse is out, and the data shows resilient income performance across the board.

Despite changing economic backdrops, S-REITs continue to act as an anchor for yield-focused portfolios in Singapore.

🔑 Key Highlights at a Glance:
🔹Total Market Cap: S$101B
🔹Average Distribution Yield (market cap weighted): 5.9%
🔹Average Gearing: 38% (Well within MAS limits)
🔹Attractive Yield Spread: S-REITs maintain a solid +390bps premium over the SG 10Y Bond.

🏨 Sector Breakdown (Avg 12M Distribution Yield):
🔹Hospitality: 6.6% 🔥
🔹Industrial: 6.5% 🏭
🔹Retail: 6.2% 🛍️
🔹Office: 6.0% 🏢
🔹Diversified: 5.6% 🌐
🔹Data Centre: 5.1% 💻
🔹Healthcare: 4.8% 🩺

📈 What Changed This Month? We saw interesting momentum shifts with industrial names like AIMS APAC REIT (+4.6%) and Frasers L&C Trust (+4.2%) leading the top gainers. Meanwhile, major institutional moves made waves, particularly Keppel REIT's ongoing activities surrounding its MBFC Tower 3 acquisition.

Whether you are looking for undervalued income plays (high yield vs. low P/NAV) or safer profiles with longer debt maturities (WADM), having the right screening metrics matters now more than ever.

👇 Feel free to share your thoughts in the comments, and don't forget to download the full 30-page comprehensive report for the deep-dive data tables and geographic breakdowns!

REITsavvy Screener https://screener.reitsavvy.com/login

#SREITs #SingaporeREITs #PassiveIncome #Dividends #WealthManagement #REITsavvy #FinancialPlanning #SGX

J.P. Morgan today downgraded $Seatrium Ltd(5E2.SI) from Overweight to Underweight, cutting its target price from S$3.05 to S$1.60.
I read the report carefully, and one thing stood out.

J.P. Morgan still expects:
✅ Revenue to remain supported by the existing order book.
✅ EBIT margin to improve from 4.5% (FY2025) to 6.7% (FY2028).
✅ Seatrium to remain profitable.
So the debate isn't whether Seatrium is recovering.
The real question is whether the S$1.60 target price assumes too many negative outcomes at the same time.

1️⃣ The target price is based on multiple conservative assumptions
J.P. Morgan assumes:
• Slower order replenishment
• Petrobras awarding less work under the BOT model
• Weaker oil prices
• Lower ROE
• A valuation of just 0.7x Price-to-Book

Each risk is possible.
But what are the chances they all happen together?
Remember, a target price is not a fact—it is based on assumptions.

2️⃣ Smaller contracts don't always mean lower profits
J.P. Morgan believes Petrobras' BOT model could reduce contract values awarded to Seatrium.
That's a valid concern.
But smaller contracts don't automatically mean lower profits.
For example:
• S$2b contract × 4% margin = S$80m profit
• S$1.2b contract × 8% margin = S$96m profit
The contract is smaller, but the profit is higher.
In my view, investors should focus not just on contract size, but also on contract quality and profitability.

My View
J.P. Morgan raises valid risks, but I believe S$1.60 represents a bear-case scenario built on several conservative assumptions.
I'll be watching:
✅ New order wins
✅ EBIT margin
✅ Operating cash flow
✅ Management's outlook this Friday

If Seatrium continues improving margins while replenishing its order book, the market may eventually reassess that valuation.

💡My strategy remains unchanged: I will continue to accumulate gradually on weakness.

For reference only. Please refer to disclaimer: https://tinyurl.com/alex-disclaimer
📌If you find this analysis useful, I share weekly trading
ideas and special trade setups via my WhatsApp community announcement group
(one-way, no spam).
👉
To join, simply message ‘InvestSG’ on WhatsApp: https://wa.me/6590908871
Joining is free.

Back on 26 Apr, I shared that $Olam Group(VC2.SI)'s value unlocking story had only just begun.

At that time, the stock was trading around S$1.03.

As of 12 Jun, Olam closed at S$1.28, delivering a gain of about 24%.

Many investors would take profit after such a strong rally.

I'm doing the opposite.

I'm adding again.

━━━━━━━━━━━━━━━━━━

Why?

Because I believe the story is far from over.

The market is only beginning to recognise Olam's hidden value.

The Olam Agri sale to SALIC alone is expected to add around 63 cents per share, lifting estimated NAV from 182 cents to around 245 cents.

And that's from just one transaction.

There are still more assets that could unlock value over time.

🔹 Potential monetisation of ofi

🔹 Further divestments

🔹 Continued capital returns through dividends and buybacks

🔹 Market valuation still trades at a significant discount to intrinsic value

The sum-of-parts story is still unfolding.

━━━━━━━━━━━━━━━━━━

🎯 Analyst Target Price

• Maybank Research: S$1.60

━━━━━━━━━━━━━━━━━━

The First Wave Delivered

The first wave carried Olam from S$0.975 to S$1.28 as investors gradually recognised the hidden value within the group.

Now, after several weeks of healthy consolidation, the stock appears to be preparing for its next move.

Strong stocks often move in waves.

Breakout.

Consolidation.

Then another advance.

━━━━━━━━━━━━━━━━━━

📊 My Technical View

After bottoming around S$0.81, Olam completed a major trend reversal earlier this year.

The recent consolidation has been healthy, with price finding support around the 20 EMA.

Momentum is starting to improve again, and my General X system remains on BUY.

Next Targets

🎯 S$1.50

🎯 S$1.69

━━━━━━━━━━━━━━━━━━

🌟 My Trade Action

Initiated position on 23 & 24 Apr

Entry: S$1.02 – S$1.03

Added position on 11 & 12 Jun

Entry: S$1.26 – S$1.32

⚠️ Exit if the price closes below the 20 EMA for 2 consecutive days.

No prediction. Just following the trend.

For reference only. Please refer to disclaimer: https://tinyurl.com/alex-disclaimer

📌If you find this analysis useful, I share weekly trading ideas and special trade setups via my WhatsApp community announcement group (one-way, no spam).

👉 To join, simply message ‘InvestSG’ on WhatsApp: https://wa.me/6590908871

Joining is free.

Everyone is talking about AI, NVIDIA and ChatGPT. But few people realise that today's most advanced AI chips wouldn't be possible without one critical manufacturing technology: lithography.

At the heart of it is ASML's EUV lithography system—one of the world's most advanced machines, with the latest High-NA model costing over €450 million.

Without advanced lithography:
❌ No cutting-edge AI chips
❌ No next-generation AI data centres
❌ No modern AI as we know it

Think of lithography as an ultra-precise printer that creates billions of microscopic transistor patterns on silicon wafers. The more precise the patterns, the faster and more energy-efficient the chips become.
That's why leading chipmakers like TSMC, Samsung and Intel rely on ASML's technology.

🔹Where does Frencken fit in?
$Frencken(E28.SI) manufactures high-precision mechatronic modules and assemblies used in EUV lithography tools, EUV metrology & inspection tools, and other advanced semiconductor equipment.

While the exact modules remain confidential, broker research highlights that Frencken serves as a sole-source supplier for certain critical products, reflecting its engineering expertise and strong customer relationships.

As AI drives demand for advanced chips, more semiconductor fabs will require additional lithography, metrology and inspection equipment—creating long-term opportunities for companies across the semiconductor equipment supply chain, including Frencken.

Latest Analysts' Target Prices (May–July 2026)
RHB: BUY – S$3.57
Maybank: BUY – S$3.40
UOB Kay Hian: BUY – S$3.30
CGS International: ADD – S$3.25

Today I had the privilege of visiting Frencken Group to learn more about its business, technology and future growth plans.

A special thank you to Mr Dennis Au, President & Executive Director, for the insightful presentation, and to the SGX team John Lim, Amanda Huang and Shimona Wong for organising this valuable company visit.

Sometimes, the biggest investment opportunities aren't the companies making AI chips—they're the companies helping build the machines that make those chips possible.

For sharing only. Not financial advice.

I share weekly trading ideas and special trade setups through my WhatsApp Community Announcement Group (one-way only, no spam).
👉 To join, simply WhatsApp "InvestSG" to:
https://wa.me/6590908871
Joining is free.

Was eyeing to add more Geo energy at 0.465/0.47. Before i can post it.. it open 0.47 and went up higher now at 0.485. Looking at it moving towards 0.50 and longer timeframe 0.56 or higher.

Frencken Group — 27 July 2026
A big thank you to SGX for another invaluable Listco visit — this time to Frencken Group. Sharing my key takeaways below 👇

Company Background
Founded in 1947, with Dutch origins
Long-standing 70+ year relationship with Philips, contributing ~€80 million annually
3,600 employees across 18 sites globally — spanning the US, Europe, Asia and India

Business Structure
Three divisions: Mechatronics (~80% of business), Advanced Plastic Solutions (APS), and Materials
Diversified end-markets: semiconductor, medical, life science, aerospace, industrial automation, and automotive

Core Competencies
Precision machining, vacuum technology, and cleanroom manufacturing environments
Products include scanning electron microscope components, precision stages, and nano-manipulators
Involved across the semiconductor supply chain — from wafer processing to dicing and packaging

Key Customer Relationships
Sole supplier to ASML for select complex parts
Supplies modules and high-level assemblies rather than directly to fabs — serving OEM customers who in turn supply the fabs
Also builds complete wafer tools for select customers

Navigating the Semiconductor Cycle
Actively diversifies across segments to manage the cyclicality of semiconductors
Continues investing in new programs during downturns to protect long-term growth
Adjusts headcount and hiring practices in response to market conditions

Growth & Diversification
Expanding into life science, medical, and automotive segments
Involved in projects such as satellite terminals and engine casings for Boeing and Airbus
Developing new products including plastic gearboxes for robotics — eyeing opportunities in the physical AI space

Global Strategy & Culture
Tailors approach by region — China, Europe, Southeast Asia, and Japan each require different playbooks
Emphasis on understanding cultural nuance as a competitive advantage in global operations

Capital & Growth Plans
May need to raise funds over the next 1–2 years to support growth and new investments
Balancing organic growth with inorganic (M&A) opportunities
Staying agile amid ongoing supply chain and geopolitical headwinds

Technical Reading
Daily Market structure has turned bearish when it broke 2.54 on 29th July. Have to look at lower timeframe to look for new buys zones.

Views are my own observations from the site visit and do not constitute investment advice.
#SGX #FrenckenGroup #Semiconductors #Manufacturing #SGXAmbassador

After falling for many days, today market structure had changed with a crossing at $5.46. If today market close above 5.46, i prefer to be on the Long side.