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Dan Chang

Remisier @ PhillipCapital | FinLit Educator with SGX and SIAS | Regular contributor on MoneyFM89.3, CNA938, LianheZaobao, The Business Times, and various seminars and webinars. Profile: tinyurl.com/TTP-dan Disclaimer: tinyurl.com/dan-disclaimer

>25 years in the industry.

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danccs

366

Aug 7, 2026 at 11:56 Edited about 22 hours

𝐍𝐨 𝐍𝐞𝐰 𝐇𝐢𝐠𝐡. 𝐍𝐨 𝐁𝐢𝐠 𝐃𝐞𝐚𝐥. 𝐄𝐯𝐞𝐧 𝐂𝐡𝐚𝐦𝐩𝐢𝐨𝐧𝐬 𝐍𝐞𝐞𝐝 𝐚 𝐖𝐚𝐭𝐞𝐫 𝐁𝐫𝐞𝐚𝐤.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐫𝐚𝐩 (𝐖𝐞𝐞𝐤 𝐞𝐧𝐝𝐞𝐝 𝟕/𝟖/𝟐𝟔)

Probably the only week in recent months where the $STI(STI.SI) did not set a fresh record high 😅. Even so, it still gained 0.9% for the week, after starting at 5,628 and settling at 5,678 as of Friday morning. Sometimes, markets don't need to sprint every week. A steady jog works just fine too. The STI remains at elevated levels, just 35 points shy of its all time high.

𝐓𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐚𝐧𝐭𝐞𝐝 𝐑𝐞𝐜𝐞𝐢𝐩𝐭𝐬. 𝐈𝐭 𝐆𝐨𝐭 𝐓𝐡𝐞𝐦.

It was a week dominated by earnings.

$DBS(D05.SI) delivered yet another record quarter, with net profit rising 9% to S$3.08B as total income crossed S$6B for the first time. More importantly, its earnings engine continues to broaden beyond interest income, supported by wealth, fees and customer activity. Investors rewarded the results, sending DBS to another ATH of $76.08.

$OCBC Bank(O39.SI) also impressed, with Q2 profit climbing 22% to S$2.22 billion while raising its interim dividend to 47 cents. The market responded positively, pushing the stock above $30 for the first time, reaching a record $30.15.

$UOB(U11.SI) reported a respectable 10% rise in profit to S$1.48 billion and declared an 88 cent dividend. However, expectations were even higher. The shares briefly fell to $42.40 before recovering to $43.08 by Friday morning.

$SGX(S68.SI) capped off the week with record FY2026 results, reporting broad based growth across its businesses while rewarding shareholders with a special dividend. The stock also crossed $25, hitting a fresh ATH of $25.11.

$YZJ Shipbldg SGD(BS6.SI) continued its strong momentum, delivering record 1H2026 earnings on higher margin shipbuilding contracts and a robust order book extending to 2030. The shares gapped higher toto $4.25 as of Friday morning.

$Venture(V03.SI) surprised positively with stronger revenue, higher earnings and a 20% increase in its interim dividend. The market liked what it saw, sending the shares to $17.60 before settling at $17.23.

𝐓𝐡𝐞 𝐁𝐞𝐥𝐥 𝐑𝐚𝐧𝐠. 𝐍𝐨𝐰 𝐓𝐡𝐞 𝐑𝐞𝐚𝐥 𝐖𝐨𝐫𝐤 𝐁𝐞𝐠𝐢𝐧𝐬

The week also saw 𝐀𝐥𝐥-𝐋𝐢𝐧𝐤 𝐀𝐢𝐫 & 𝐒𝐞𝐚 𝐋𝐭𝐝 (Stock code: $All-Link A&S(ALK.SI)) make its SGX debut. I had the privilege of attending the opening bell ceremony. As I've always said, an IPO is the starting line, not the finish line. Listing day may grab the headlines, but long term value is built through execution. I'm looking forward to following All-Link's journey from here.

Rgds!

Dan

tinyurl.com/TTP-dan

tinyurl.com/dan-disclaimer

#danccs

danccs

started a poll

227

Aug 7, 2026 at 07:41 Edited 08/07/26 07:46

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *7/8/26*

STI: 5581 (-XX) | HSI: 25530 (-350) | Dow: 53885 (-363) | S&P: 7709 (-13) | Nasdaq: 26348 (-15)

*US Markets Overnight*

*No Mercy, This Earning Season*

Miss expectations by an inch, and Wall Street takes a mile 😂.

The market finally took a breather. After a strong five day rally, some profit taking was probably due, especially with tonight’s US jobs report likely to set the tone for the next move. When valuations are rich, earnings need to keep delivering. And last night reminded us that the market has little patience for disappointment.

US stocks closed lower across the board, with the Dow falling more than 450 points, snapping its five session winning streak. The S&P 500 slipped 0.2% while the Nasdaq eased 0.1%. Earnings remained the main driver, but the reactions were brutal. *Honeywell Aerospace* tumbled 23%, *AppLovin* fell 20%, *Datadog* lost 19%, *Western Digital* dropped 13%, and *Sandisk* declined 7% after their quarterly results. Among the Magnificent Seven, Microsoft stood out with a 2.5% gain. SpaceX rebounded 6% after yesterday’s sharp selloff, as more shares became available for trading following the expiry of lock up restrictions. Elsewhere, the 10 year Treasury yield climbed to 4.68%, oil surged on hopes of progress over the Strait of Hormuz, while Bitcoin and gold edged lower. Investors now shift their focus to tonight’s US jobs report, which could be the next big catalyst for markets.

*What’s Brewing Today*

Following DBS’s stellar earnings yesterday, Singapore’s banks continued to deliver resilient earnings, with $UOB(U11.SI)and $OCBC Bank(O39.SI) reporting solid results backed by healthy balance sheets and steady capital returns to shareholders (See below). The banks remain the backbone of the STI, so resilient results from UOB and OCBC should continue to provide support for the index. The easy earnings growth may be behind us, but I think with, strong capital, healthy dividends and resilient asset quality, that still make Singapore banks a core long term holding. Your views?

Good news for $SGX(S68.SI) shareholders as it posted record FY2026 results, and declared quarterly dividends of 24.0 cents per share, comprising an 11.5 cent final dividend and a 12.5 cent special dividend. Really, FY2026 had generally been a good year for Singapore biurse and that is translated into good numbers for SGX’s bottomline. The broad-based growth and special dividend signal strong cash generation, while continued expansion in derivatives, FX and data businesses should support resilient long-term earnings beyond traditional equities trading. Huat ah!

Besides the above, many companies releasing good set of results as well. They include $Venture(V03.SI), $YZJ Shipbldg SGD(BS6.SI), $EliteUKREIT GBP(MXNU.SI), $TAP(TAP.SI) and $JustCo(JCO.SI)

===

*Happening Today*

SG XD:

— Boustead: SGD 0.085

— Valuetronics: HKD 0.30

— Stamford Land: SGD 0.01

— SingShipping: SGD 0.010

— AIMS APAC Reit: SGD 0.02337

SG Earnings:

— OCBC^, UOB^, Elite UK REIT^, Netlink, BHG REtail, HL Finance, Ho Bee

— Household Spending (YoY) (Jun)

US:

— Average Hourly Earnings (MoM) (Jul) / Nonfarm Payrolls (Jul) / Unemployment Rate (Jul) / Private Nonfarm Payrolls (Jul) / Average Hourly Earnings (YoY) (YoY) (Jul)

===

*SG Stock news*

— *OCBC* Q2 profit rises 22% to S$2.22 billion, beating expectations. Declared an interim dividend of S$0.47 a share, up from S$0.41 a share the year before.

https://links.sgx.com/1.0.0/corporate-announcements/R4E7198WNRDXMGOU/898996_OCBC_1H2026_Results_Presentation.pdf

— *UOB* Q2 profit rises 10% to S$1.48 billion, edging past estimates. Declared a dividend of S$0.88 per share for the period.

https://links.sgx.com/1.0.0/corporate-announcements/PJL323UFL9E3U2E8/899002_2Q26%20-%20CFO%20slides.pdf

—⭐️ *SGX* reported record FY2026 results, with net revenue rising 13.9% to S$1.48 billion and adjusted net profit increasing 24.6% to S$759.5 million, driven by broad-based growth across its multi-asset businesses, while proposing quarterly dividends of 24.0 cents per share, comprising a final quarterly dividend of 11.5 cents and a one-off additional dividend of 12.5 cents.

https://links.sgx.com/1.0.0/corporate-announcements/J2GBKSSQKW6F3T4H/898862_2.%20FY2026%20Results%20Presentation.pdf

—⭐️ *Yangzijiang Shipbuilding* posted record 1H2026 results, with net profit rising 28.4% to RMB5.4 billion and revenue up 36.2%, driven by higher-margin shipbuilding contracts and a strong order book extending into 2030.

https://links.sgx.com/1.0.0/corporate-announcements/LYJB2HHS6J2D06AP/898899_YZJSH_1H2026%20Results%20Presentation_final.pdf

—⭐️ *Venture* reported strong 2Q 2026 results, with revenue rising 12.5% and net profit increasing 5.6% year on year, while raising its interim dividend by 20% to 30 cents per share.

https://links.sgx.com/1.0.0/corporate-announcements/R96WV1OV6AXTY5CD/898867_Venture_1H_2026_Results_Presentation.pdf

—👍 *JustCo* reported strong 1H2026 results, with revenue up 24%, Cash EBITDA surging 147%, free cash flow rising 256%, and maintained a debt-free balance sheet while expanding its regional workspace network.

https://links.sgx.com/1.0.0/corporate-announcements/6GH4U09E88NDJ4OF/898928_1H2026%20Business%20Update.pdf

—⭐️ *Elite UK REIT* posted its highest first half DPU in three years at 1.55 pence, supported by higher distributable income, stronger portfolio valuations, lower gearing, and new long term UK government lease agreements.

https://links.sgx.com/1.0.0/corporate-announcements/YD2SXVYEJ060NR19/899009_Elite%20UK%20REIT-1H2026%20Results%20Presentation.pdf

— *AvePoint* delivered a strong second quarter, with revenue and annual recurring revenue both growing 22% to 27% year on year, driven by robust demand for its AI trust platform, while raising full year ARR guidance despite increasing investments for future growth.

https://links.sgx.com/1.0.0/corporate-announcements/ZETIKKI806E754I9/898991_AVPT%20Investor%20Presentation%20Q2%202026.pdf

— *The Assembly Place* reported strong first half results, with revenue rising 33.9% and net profit jumping 80.7%, driven by portfolio expansion, while declaring its inaugural interim dividend as it continues to scale its asset light community living business.

https://links.sgx.com/1.0.0/corporate-announcements/MT0BQFFOPS8SMS66/899005_TAP%20-%201H2026%20Presentation_7%20Aug%202026.pdf

— *Credit Bureau Asia* resumes revenue and profit growth for first half 2026 and up interim dividend by 10% to 2.2 Singapore cents

https://links.sgx.com/1.0.0/corporate-announcements/C93POK9P2PBZMPRN/898916_CBA%201H2026%20Results%20Media%20Release.pdf

— *Far East Orchard’s* 1H FY2026 revenue more than doubled to S$248.5 million on the consolidation of Homes for Students, while adjusted PATMI rose 7.7% despite lower reported earnings due to one-off prior year gains and acquisition related non-cash amortisation.

https://links.sgx.com/1.0.0/corporate-announcements/0I68LXTRFE14WT6T/898973_FarEastOrchard-Press_Release.pdf

— *Tuan Sing* reported a resilient 1H2026 performance, with recurring income strengthening despite a 75% drop in net profit to S$3.6 million due to redevelopment and portfolio repositioning, while advancing key regional growth projects.

https://links.sgx.com/1.0.0/corporate-announcements/BOR2PZWIPPY10L3I/898979_3.%20TSH%20Results%20Presentation%201H2026.pdf

—💡 *TrickleStar* strengthened its balance sheet as at 30 June 2026, with cash more than doubling to US$3.4 million and shareholders’ equity rising to US$6.3 million, supported by a higher share capital base.

https://links.sgx.com/1.0.0/corporate-announcements/8HOQE5QCMC4NNK1R/898917_Half%20Yearly%20Results%20FY2026%20-%20TrickleStar.pdf

— *Daiwa House* delivered a strong first quarter, with net sales rising 9.0% and profit attributable to owners increasing 9.1% YoY to ¥83.2 billion, driven by higher operating income and resulting in comprehensive income more than doubling to ¥105.8 billion due to positive foreign currency translation effects.

https://links.sgx.com/1.0.0/corporate-announcements/HQRMLXXW38F0YWW8/898858_DaiwaHouseFResultFY20261Q.pdf

— *Annica* Records S$0.3 Million Net Profit in 2Q2026, HY2026 Revenue Rises 39%; Balance Sheet Strengthened Amid Transitions to the Renewable Energy Sector

https://links.sgx.com/1.0.0/corporate-announcements/LMY9F3YDK3XUES76/898982_Annica%20-%20HY2026%20Results%20PR%20Final.pdf

— *Yangzijiang Maritime* Accelerates Vessel Monetisation Strategy with the Sale of 4 Newbuild Bulk Carriers

— *Uni-Asia* signed contract with Nihon Shipyard for second new 40,000 dwt eco-specification bulk carrier

— *Aedge Group* has successfully raised S$3.5 million through a fully subscribed placement to institutional and strategic investors, with the proceeds to fund the expansion of its investment properties business and strengthen working capital.

— *Wee Hur Holdings* donates S$1.5 million to SUTD to nurture next generation of innovators and entrepreneurs

— * Fuxing China* expects to report a profit for 1H FY2026 as compared to a loss in 1H FY2025

— *Singapore Kitchen Equipment* announced that its wholly owned subsidiary has granted an option to sell its freehold Henderson Industrial Park property for S$8.5 million in cash, a price above its independent valuation of S$7.1 million, subject to the purchaser exercising the option by 30 September 2026.

*Earnings Calendar:*

7 /8 - Netlink, BHG REtail, HL Finance, Ho Bee

11 /8 - SingLand, UOI, Frasers Property, OKP

12 /8 - CICT^, Wilmar, HL Asia, UOL, Ultragreen, NTT DC REIT, PrimeUSREIT, Centurion, AP Oil, China Sunsine

13 /8 - CLI^, CDL^, sembcorp^, ST Engg^, Genting Sing, SERT, Thakral, Nanofilm, EC World, Global Investment, CSE Global, APTV, Frencken, Megachem

14 /8 - Sasseur^, Olam^, Mewah, Haw Par, CNMC Goldmine

19 /8 - SATS

26 /8 - Micro-Mechanics

27 /8 - ASL Marine, Karin

Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

Rgds, Dan

https://www.phillip.com.sg/talktophillip/danccs/

https://tinyurl.com/dan-disclaimer

#danccs

Still a BUY for long term

3 votes

Prefer to buy in pullback

Too high. Won’t buy

SELL. Time to take profit

Other views. Do leave a comment below. 🙂

3 votes

14 days left to vote

danccs

507

Aug 6, 2026 at 08:16

The Old Guards Keep Marching On!

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *6/8/26*

STI: 5581 (-30) | HSI: 25915 (+62) | Dow: 54349 (+263) | S&P: 7723 (-13) | Nasdaq: 26363 (-221)

*US Markets Overnight*

*The Old Guards Keep Marching On!*

The Dow keeps marching to its own beat. While everyone was watching tech, it was the old economy names that quietly stole the show. Shows that that bull markets don’t always move in a straight line, and leadership can rotate faster than many expect.

The Dow Jones closed at yet another record high, extending its winning streak to five sessions, while the S&P 500 slipped 0.2% and the Nasdaq fell 0.8% as profit taking hit several technology names. SpaceX tumbled nearly 14% after investors digested its first earnings as a listed company, while *AMD* fell 6.5% despite beating expectations, proving once again that good results don’t always mean a higher share price when expectations are already lofty. On the brighter side, *Shopify* surged 17%, with strong gains from Booking Holdings, Eli Lilly and Disney after earnings. Nvidia continued its impressive run, climbing 3.5%, although other semiconductor names like Sandisk and Western Digital pulled back ahead of their results. Oil prices were relatively stable as markets watched developments around a possible US-Iran agreement on the Strait of Hormuz, while Treasury yields stayed around 4.63%. Overall, it felt like a healthy rotation rather than a broad market sell-off, with investors selectively rewarding earnings winners and taking profits where valuations had run ahead.

*What’s Brewing Today*

Well, guess we are getting used to it, not in a bad way though. Just don’t know how long rhe good times can continue to roll. Another record quarter from $DBS(D05.SI), showing that its earnings engine is becoming less dependent on interest rates and more driven by wealth, fees and customer activity. This is probably the kind of quality investors like to own, steady execution, diversified income and a business that keeps compounding even when the rate cycle becomes less favourable. Which sort of explain the record breaking share price. What’s your view?

===

*Happening Today*

SG XD:

— Jason Marine: SGD 0.0075

— FortressMineral: SGD 0.00472

— GP Industries: SGD 0.0175

— CATL HK SDR 30to1: HKD 0.04838

— Mapletree PanAsia Com Tr: SGD 0.0196

— CDL HTrust : SGD 0.0215

— Far East HTrust: SGD 0.0163

— Samurai 2K : SGD 0.002

SG Earnings:

— DBS*, Manulife US REIT^, ACROPHYTE HT^, Venture, SGX^, Avepoint, JustCo

— ECB Economic Bulletin / Retail Sales (YoY) (Jun)

— Initial Jobless Claims / Nonfarm Productivity (QoQ) (Q2) / Continuing Jobless Claims / Atlanta Fed GDPNow (Q3) / Fed's Balance Sheet

===

*SG Stock news*

— *DBS* posted a record second quarter, with net profit rising 9% to SGD 3.08 billion as total income exceeded SGD 6 billion for the first time, supported by resilient fee income, record treasury customer sales and wealth assets under management surpassing SGD 500 billion.

https://links.sgx.com/1.0.0/corporate-announcements/KF2PXX108ELM2VMO/898811_2Q26_CFO_presentation.pdf

— *Capland Ascendas REIT* 1H 2026 distributable income increases by 8.6% year-on-year to S$359.4 million. Performance driven by disciplined portfolio rejuvenation

https://links.sgx.com/1.0.0/corporate-announcements/T2FVCGY7J4SAVOQL/898716_3.%20CLAR%20-%201H%202026%20Financial%20Results%20Presentation.pdf

— *Centurion Acc REIT* delivered a 1H2026 DPU of 3.499 cents, 9.6 percent above its IPO forecast, supported by stronger rental rates, high occupancy, portfolio expansion, and a healthy balance sheet.

https://links.sgx.com/1.0.0/corporate-announcements/Z0ZX1HDY3IGF9ACK/898758_CAREIT%201H%202026%20Financial%20Results-Presentation%20Slides.pdf

—😀 $Koh Bros(K75.SI) posted a 24% rise in 1H2026 revenue to $188.0 million, driven by its construction business, although higher material and procurement costs weighed on profitability despite a healthy $1 billion order book and a stronger cash position of $125.7 million.

https://links.sgx.com/1.0.0/corporate-announcements/HA3WH9QQ81DKWFBW/898794_KBGL%20Press%20Release.pdf

—😔*Koh Brothers Eco* slipped into a $5.7 million net loss despite a 29% jump in 1H2026 revenue to $144.1 million, as higher material and procurement costs squeezed margins, although its $1 billion order book and $61.3 million cash balance remain supportive of future growth.

https://links.sgx.com/1.0.0/corporate-announcements/6WQOU3ASIYRHO4BR/898792_KBE%20News%20Release%20Jun%2026.pdf

— *Manulife US REIT* exceeded its asset sale target after divesting Figueroa, using the proceeds to cut debt while improving portfolio occupancy to 70.4%, although distributable income declined due to earlier asset sales.

https://links.sgx.com/FileOpen/Manulife%20US%20REIT%201H%202026%20Presentation.ashx?App=Announcement&FileID=898828

— *Acrophyte HT* reported a softer 1H2026, with revenue falling 2.6% and net property income down 6.1% due to hotel divestments and higher operating costs, although same-store revenue still edged up 0.4%.

https://links.sgx.com/1.0.0/corporate-announcements/RXD2NYDQTD0ZT35E/898834_Acrophyte%20Hospitality%20Trust%20-%201H2026%20Presentation.pdf

— *IREIT Global* delivered a resilient 1H2026 performance, with higher portfolio occupancy and stable DPU, supported by broadly stable underlying revenue and net property income alongside improved leasing momentum.

https://links.sgx.com/1.0.0/corporate-announcements/NECYHOZTY79VRK49/898781_IREIT%201H2026%20Results%20Presentation.pdf

— *LMS Compliance* Records a 40.5% Increase in 1H FY2026. Net profit grew 23.9% y-o-y to RM3.43 million in 1H FY2026

https://links.sgx.com/1.0.0/corporate-announcements/5AHSGG646LKC9ALI/898743_LMS%20-%201H%20FY2026%20Results%20Announcement%20-%20Press%20Release.pdf

—👍 $Coliwoo Hldgs(W8W.SI) plans to sell and lease back its 212-room Coliwoo Midtown property for S$134 million to *Capland Ascott Trust*, unlocking capital to support its asset-light growth strategy while retaining operational control through a 10-year lease.

— *Hock Lian Seng* swung from a $8.6 million profit to a $54.0 million loss in 1H2026, mainly due to a 50.9 percent drop in revenue and gross loss caused by significantly higher cost of sales exceeding revenue.

—💪 $Keppel(BN4.SI) achieves S$2.1 billion of monetisation year-to-date with sale of Vietnam project for approx. S$343 million in cash

—💪 $CSE Global(544.SI) records S$199.1 million in new orders for 2Q2026

—👍*Mermaid Maritime* is expanding into the US offshore energy market by establishing a wholly owned Delaware entity to pursue marine and subsea service opportunities, diversify its revenue base, and drive long term growth through a phased, disciplined market entry strategy.

—🙏S&P Global affirmed *Singapore Post’s* BBB-, Stable credit rating, citing its strong cash position and stable rental income from SingPost Centre as offsets to the structural decline in its postal business and weak profitability in its competitive logistics operations.

— *Karin Technology* expects to report a net loss for FY2026, primarily due to a one off, non cash HK$38.6 million catch up depreciation and deferred tax charge related to the reclassification of Karin Building, while the underlying business would have remained profitable without these accounting adjustments.

—👍 *EGP Energy* expects a substantial increase in revenue and net profit for 1H2026, driven by the commencement of new projects and continued progress on projects secured in the previous financial year.

—👍 *Vin’s Holdings* expects to swing to a marginal net profit in 1H2026 from a loss a year earlier, driven by stronger automobile after sales revenue and gross profit, as well as the absence of one off listing expenses incurred in 1H2025.

— *World Precision Machinery* is expected to report a loss after tax in 1HFY2026.

— *Ascent Bridge* expects to report a net loss in Q1 FY2027, mainly due to weaker revenue from lower duty free and export sales, partly offset by inventory sale proceeds related to the disposal of MTBL Cultural Centre.

*Earnings Calendar:*

6 /8 - Venture, Avepoint, JustCo

7 /8 - OCBC^, UOB^, Elite UK REIT^, Netlink, BHG REtail, HL Finance, Ho Bee

11 /8 - SingLand, UOI, Frasers Property, OKP

12 /8 - CICT^, Wilmar, HL Asia, UOL, Ultragreen, NTT DC REIT, PrimeUSREIT, Centurion, AP Oil, China Sunsine

13 /8 - CLI^, CDL^, sembcorp^, ST Engg^, Genting Sing, SERT, Thakral, Nanofilm, EC World, Global Investment, CSE Global, APTV

14 /8 - Sasseur^, Olam^, Mewah, Haw Par, CNMC Goldmine

19 /8 - SATS

26 /8 - Micro-Mechanics

27 /8 - ASL Marine, Karin

Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

Rgds, Dan

https://www.phillip.com.sg/talktophillip/danccs/

https://tinyurl.com/dan-disclaimer

#danccs

Joey Choy

I’m Joey Choy, a licensed trading rep and stock market coach with 15+ years of experience. I specialize in trend trading using my 1GT strategy and share high-conviction SG stock ideas and model portfolios here on InvestSG.

I focus on trend trading and technical analysis using my 1GT strategy to catch strong uptrends with clear entries and exits. Want to learn it? Join my FREE webinar here: https://bit.ly/1GTLive

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Aug 7, 2026 at 14:17

🎥 𝐀𝐌𝐀𝐒 𝐒𝐆 𝐋𝐢𝐯𝐞 𝐑𝐞𝐩𝐥𝐚𝐲 𝐢𝐬 𝐍𝐨𝐰 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞!

Missed today's session? No worries!

We broke down the 𝐒𝐓𝐈 and SPX, analysed 𝟏𝟓+ 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐬𝐭𝐨𝐜𝐤𝐬 𝐫𝐞𝐪𝐮𝐞𝐬𝐭𝐞𝐝 by viewers, and shared a few 𝐛𝐨𝐧𝐮𝐬 𝐒𝐆 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=un-NG2zzdII

𝐖𝐢𝐬𝐡𝐢𝐧𝐠 𝐞𝐯𝐞𝐫𝐲𝐨𝐧𝐞 𝐚 𝐇𝐚𝐩𝐩𝐲 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐃𝐚𝐲 𝐰𝐞𝐞𝐤𝐞𝐧𝐝, 𝐚𝐧𝐝 𝐰𝐞'𝐥𝐥 𝐬𝐞𝐞 𝐲𝐨𝐮 𝐚𝐭 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐀𝐌𝐀𝐒 𝐋𝐢𝐯𝐞!

📊 LIVE SG Stock Analysis: Ask Me Any Stock | STI Trends & 1GT (Pro) in Action
We went live to break down the SG stock market, starting with the S&P 500, touching on the STI, followed…

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JoeyChoy

417

Aug 7, 2026 at 09:13

First Resources - Approaching the 3.80 resistance, 4.00 higher target in sight?

$First Resources(EB5.SI) With prices approaching the the immediate 3.80 resistance, where profit taking previously took place.

20D moving average continues to slope up along side 100D and 200D moving average, where momentum continues to be present. Where the 1GT Bullish signal still present since Jun 2026.

The higher target remains around the 4.00 psychological level, if prices can break and close firmly above the 3.80 resistance level turning it into a support, the uptrend could continue approaching a new high!

JoeyChoy

722

Aug 5, 2026 at 15:38

𝐃𝐨 𝐲𝐨𝐮 𝐮𝐬𝐞 𝐚 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐟𝐨𝐫 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐬𝐭𝐨𝐜𝐤𝐬, 𝐔𝐒 𝐬𝐭𝐨𝐜𝐤𝐬 𝐚𝐧𝐝 𝐄𝐓𝐅𝐬? 🤔

You might be making trading harder than it needs to be.

I use one simple trend-following framework across different markets to identify high-conviction trades, manage risk and stay with strong trends.

In this video, I'll show you exactly how it works.
📈 Watch here: https://youtu.be/o_mt8MMGoq4

$STI(STI.SI) $GLD SG$(GSD.SI) $OCBC Bank(O39.SI)

The Simple Trend Following Strategy I Use Across All Markets
📈 Can one simple trend-following strategy work across different markets Many traders believe they need one strategy for Singapore stocks,…

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William Liu

【Youtube: William Liu Investment】 Remisier of Phillip Securities (>10 years)

I developed the Left- Side and Right-Side Trading Strategies: using left-side trading to buy the dip, and right-side trading to sell at the peak — aiming to capture mid-term trends in Singapore stocks and SDR.
Privacy & Disclaimer Policy: https://tinyurl.com/disclaimersandpdpa

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WilliamLiuInvestment

439

Aug 5, 2026 at 11:50

新加坡银行股业绩报告即将发布！DBS、UOB、OCBC还能买吗？｜SG Market Still Bullish in 2026?【航哥午盘直播】Ep.058｜05.08.2026

https://www.youtube.com/live/SssGXc1leVM?s...
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI) $AEM SGD(AWX.SI) $UMS(558.SI)

新加坡银行股业绩报告即将发布！DBS、UOB、OCBC还能买吗？｜SG Market Still Bullish in 2026?【航哥午盘直播】Ep.058｜05.08.2026
🚀 欢迎来到《航哥午盘直播》| Wiilliam's Midday Market Live想第一时间掌握新加坡股市走势？每周三中午12点，与航哥一起分析市场热点，聚焦值得关注的投资机会！我是航哥 (William)，来自 Phillip Securities 的股票经纪人（Remisier），专注于新加坡股市...

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WilliamLiuInvestment

233

Aug 2, 2026 at 15:18

DBS, OCBC, UOB, SGX下周出业绩报告,还能涨吗?AEM, UMS会反弹吗? 新科工程下跌走势? ｜SGX财报季密集发布中｜航哥新加坡每周股评 V589 (20260801)

https://youtu.be/Eeq_xyAFHuw
$DBS(D05.SI) $UOB(U11.SI) $OCBC Bank(O39.SI) $ST Engineering(S63.SI) $SGX(S68.SI)

DBS, OCBC, UOB, SGX下周出业绩报告,还能涨吗?AEM, UMS会反弹吗? 新科工程下跌走势? ｜SGX财报季密集发布中｜航哥新加坡每周股评 V589 (20260801)
想第一时间获取航哥的盘中股票资讯，并加入航哥的WhatsApp 广播群？ 😃 方式一（免费）联系航哥，开设辉立证券 POEMS 股票账户(免费开户)。做任意两笔交易后，即可加入广播群。 😃 方式二（付费）加入航哥投资研究室 VIP 会员频道，仅 $60/月。加入 VIP 操作步骤： 1. 打开 YouTube…

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WilliamLiuInvestment

572

Jul 29, 2026 at 11:39

新加坡金融股创新高！DBS、UOB、OCBC还能买吗？｜SG Market Still Bullish in 2026?【航哥午盘直播】Ep.057｜29.07.2026

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

新加坡金融股创新高！DBS、UOB、OCBC还能买吗？｜SG Market Still Bullish in 2026?【航哥午盘直播】Ep.057｜29.07.2026
🚀 欢迎来到《航哥午盘直播》| Wiilliam's Midday Market Live想第一时间掌握新加坡股市走势？每周三中午12点，与航哥一起分析市场热点，聚焦值得关注的投资机会！我是航哥 (William)，来自 Phillip Securities 的股票经纪人（Remisier），专注于新加坡股市...

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Kenny Loh

Expert advice on insurance, investment, and legacy planning is available through kennyloh.net, an MAS-licensed Wealth Advisory Director (RNF: LKK300389588 Representing Financial Alliance) and SGX Academy trainer.

Kenny Loh possesses deep and well-rounded investment expertise, combining fundamental analysis (FA), technical analysis (TA), and macroeconomic insights to construct and manage robust, diversified portfolios. His approach integrates both traditional and alternative investments to meet a wide range of client objectives.

In addition to his proficiency in equities, bonds, REITs, and ETFs, Kenny is also well-versed in alternative investment strategies. He holds a Certificate in Alternative Investments from Harvard Business School and has hands-on experience with private equity, private credit, trade financing, hedge funds, and digital funds.

As a MAS-licensed and fully qualified Wealth Advisory Director, Kenny is authorized to advise on the full spectrum of regulated investment products. He specializes in designing tailored investment portfolios that align with individual risk profiles and long-term financial goals.

Collaboration with Tiger Broker
I will provide 1 hour complimentary portfolio review when you open an account with Tiger Broker. https://engage.fa.com.sg/service/kennyloh/...

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KennyLoh

319

Aug 2, 2026 at 16:41

From "Defensive Dividend Haven" to Growth Engine: Navigating the Historic 5,000 STI Milestone!

As we prepare to celebrate Singapore’s National Day, our local stock market has given us an incredible reason to celebrate early.

The Straits Times Index (STI) has officially broken past the monumental 5,000-point mark—a historic shift that is redefining how global investors view Singapore equities.
For years, many viewed Singapore as a quiet, conservative dividend play. But under the hood, a structural transformation is unfolding:

🔥 S$6.5B Liquidity Boost: The expansion of MAS’s Equity Market Development Programme (EQDP) is channeling billions into local asset managers, revitalizing small-to-mid caps and market-wide trading activity.

🔥 Unlocking High-Yield Alpha: Even at record highs, Singapore still leads major regional markets with a peer-beating 4.4% dividend yield and attractive forward valuations.

🔥 The "New Singapore" Economy: Structural tailwinds in AI infrastructure, data centers, energy transition, and an accelerating IPO pipeline are setting the stage for the next equity cycle.

To help you position your portfolio for this new era, I am hosting an exclusive Pre-National Day Live Stream in collaboration with Tiger Brokers! 🐯🇸🇬

I will be joined by Edward Pye, expert speaker from Amova Asset Management, to break down the exact playbook for capitalizing on this bull market.

🎯 What We Will Cover:
🔹The Macro Drivers: Why Singapore's 3.1% GDP growth consensus and tech tailwinds are driving total returns.
🔹Valuations & Yields: How to secure high passive income while capturing upside growth.
#EQDP Opportunities: Identifying under-the-radar mid- and small-cap gems trading below book value.
🔹Sectors to Watch: Position for Data Centers, Ultra-Green AI, and the 2026 SGX IPO revival.

🗓️ Date: Aug 4, 2026 (Tuesday)
⏰ Time: 8:00pm
📍 Platform: Tiger Brokers App / YouTube Live
👉 https://reitsavvy.com/insights/celebrating...

Join us to celebrate our nation’s economic progress and gain actionable insights to power your wealth journey! Drop your questions in the comments below, and we'll address them live during our Q&A session.

#SingaporeEquities #STI5000 #REITs #NationalDay2026 #WealthManagement #InvestingInSingapore #TigerBrokers #AmovaAssetManagement #FinancialIndependence

KennyLoh

818

Jul 30, 2026 at 13:39 Edited 07/30/26 13:41

Why it’s time for Singapore REITs to embrace Forward Guidance.

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)

Beyond the "Beat or Miss": Why Singapore REITs Must Reclaim Forward Earnings Guidance
Retail S-REIT investors shifted from chasing yield to prioritising safety, liquidity, and stability—reshaping capital flows and forcing REIT managers to rethink engagement.

REITSAVVY.COM

KennyLoh

1.1 K

Jul 14, 2026 at 11:09

Shariah Compliant Singapore REITs Field Guide

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

Kenny Loh | REIT & Retirement Income Specialist
Helping working professionals, business owners and their families build predictable passive income and design stress-free retirement & legacy plans using REITs and holistic wealth strategies.

WWW.KENNYLOH.NET

Attachment(s):

islamic reits explainer.pdf

Alex Low

Principal Trading Representative (Remisier) @Phillip Securities (POEMS) | Top Trader | SGX SDR & REITs Ambassador | Market Commentator for《联合早报》and Radio Capital 958 & 963好FM

I provide high-conviction trade ideas powered by my proprietary General X system, helping clients capture strong market trends while effectively managing downside risk.

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alexlowwh

Aug 8, 2026 at 11:06 Edited 12 minutes

CSE Global: A Golden Opportunity to Accumulate

I see the recent share price correction in $CSE Global(544.SI) as an attractive opportunity to accumulate, especially with 1H2026 results coming on 13 August after market close.

The recent boardroom issue created uncertainty, but the key vacancy has now been filled with a new Lead Independent Director.

More importantly, Temasek-linked Heliconia remains CSE Global's major strategic shareholder with about 24%, while veteran CEO Lim Boon Kheng, who joined CSE in 1999, remains in charge.

Major shareholder unchanged. CEO unchanged. Business as usual.

Strong Business Momentum

Despite the boardroom noise, CSE's business continues to deliver.

✅1H2026 new orders: S$470.2m, +28.3% YoY
✅1H2026 revenue: S$561.5m, +27.4% YoY
✅Order book: S$620.4m, +8.1% YoY

Management also said demand across its key markets remains healthy, supported by a robust tender pipeline.

The Bigger Story: US AI Data Centres

Analysts see CSE as a direct beneficiary of the US AI data-centre capex cycle over the next 3–5 years.

Its Electrification business supports Amazon's US data-centre expansion, with research estimates pointing to around US$1.5 billion of anticipated Amazon-related orders over the next five years.

Analysts also project a strong 27% earnings CAGR from FY2025–FY2028.

The board changed. The growth story didn't.

Strategic Review + Analysts

On 5 August, CSE confirmed its strategic review remains ongoing. In simple terms, the company is exploring ways to unlock shareholder value. There is no guarantee of a transaction, but it remains a potential catalyst.

Importantly, after reviewing the boardroom issue in June, analysts did not cut their earnings forecasts.

🎯 Maybank Research: S$2.25
🎯 RHB Research: S$1.94
🎯 UOB Kay Hian: S$1.79

📊 My Technical View

The share price found strong support at S$1.15, forming a solid triple-bottom formation. Each sell-down towards S$1.15 came with high trading volume and was quickly absorbed, which I see as a sign of smart money accumulating at this level.

Momentum strengthened this week. My General X system triggered a BUY on Monday, and yesterday's closing price remained firmly above the 5EMA.

I see a good chance of challenging the S$1.31 resistance next week. A successful breakout could open the way towards:

🎯 S$1.57
🎯 S$1.81

🌟 My Trade Action

I initiated my first position at S$1.28 on Tuesday and plan to add next week if the price breaks above S$1.31.

⚠️ Risk Management: Exit if the price closes below S$1.15.

For reference only.

Please refer to my disclaimer:
Alex's Disclaimer

📌 If you find this analysis useful, I share weekly trading ideas and special trade setups through my WhatsApp Community Announcement Group — one-way only, no spam.

To join, simply WhatsApp “SG” to:
WhatsApp 9090 8871

Joining is free.

alexlowwh

859

Aug 1, 2026 at 11:08 Edited 08/01/26 11:09

🚢 Think You Missed the Boat on Yangzijiang? Think Again.

Many investors think $YZJ Shipbldg SGD(BS6.SI)'s best days are behind it after its strong share price rally.

I think the bigger question is:

Has the company's earnings fully caught up with its future potential?

In my opinion, not yet.

Yangzijiang Shipbuilding is China's largest private shipbuilder and one of the world's leading commercial shipbuilders. It builds container ships, LNG carriers, tankers and bulk carriers for major shipping companies around the world.

Here's why I remain positive.

1️⃣Years of Earnings Are Already Locked In

Yangzijiang has a US$22.3 billion orderbook, with deliveries stretching all the way to 2030. This means a large portion of its future revenue is already secured.

Even better, many of these ships were ordered during the industry's pricing upcycle, when newbuilding prices were much higher. As construction progresses and vessels are delivered, those higher-priced contracts are gradually recognised as profits.

In other words, the company is still harvesting earnings from orders it secured years ago.

2️⃣Why Do Global Shipowners Keep Choosing Yangzijiang?

The global fleet is ageing, while stricter environmental regulations are driving demand for cleaner, more fuel-efficient vessels. At the same time, energy security concerns continue to support demand for tankers and LNG carriers.

But strong industry demand alone isn't enough.

Shipowners choose Yangzijiang because it has built a reputation for delivering high-quality vessels on time, on budget, and with consistent execution. That trusted track record has resulted in repeat customers and one of the world's largest commercial shipbuilding orderbooks.

To me, Yangzijiang isn't simply benefiting from a strong shipbuilding cycle. It has become one of the world's leading shipbuilders, with years of earnings already secured and a reputation that continues to attract global customers.

Maybe the boat hasn't sailed yet—it may just be entering its next leg of the journey.

Analysts' Target Price

🎯 DBS Research: S$4.55
🎯 UOB Kay Hian: S$4.75

📊 My Technical View

Yangzijiang formed a double bottom at S$3.36 in June.

My General X system triggered a Buy signal on 15 July, before the stock rallied strongly and broke above the double-bottom neckline at S$3.75, reaching a recent high of S$4.06.

The recent pullback found support around the 20-day EMA, and yesterday the stock climbed back above the 5-day EMA, suggesting that the short-term momentum remains intact.

My Technical Targets
🎯 S$4.06
🎯 S$4.53

🌟 My Trade Action

I'm riding the uptrend and plan to add more next week, as I'm positioning for what I believe will be a strong 1H26 earnings result.

⚠️ Risk Management: Exit if the price closes below the 20 EMA for two consecutive trading days.

Please refer to my disclaimer: https://tinyurl.com/alex-disclaimer

📌 If you find this analysis useful, I share weekly trading ideas and special trade setups through my WhatsApp Community Announcement Group (one-way only, no spam).

👉 To join, simply WhatsApp "SG" to:
https://wa.me/6590908871

Joining is free.

alexlowwh

292

Aug 5, 2026 at 10:11

All-Link Air & Sea IPO: My First Take

This morning, I attended the listing ceremony of $All-Link A&S(ALK.SI), SGX's latest Mainboard listing. Congratulations to the management team on reaching this important milestone.

📌 IPO Highlights

• IPO Price: S$0.53 per share
• Market Capitalisation: Approximately S$168 million
• Business: Asset-light logistics and freight forwarding specialist focusing on time-critical air freight, cross-border e-commerce, and technology supply chains across Asia and the US.
• Dividend Policy: Intends to distribute at least 30% of annual net profit as dividends.

What I Like

✅ Strong Growth
Revenue grew from US$4.8m in FY2023 to US$71.5m in FY2024, before reaching US$74.1m in FY2025, making it one of the fastest-growing recent SGX IPOs.

✅ Asset-Light Business Model
The company focuses on freight forwarding and supply chain solutions rather than owning logistics assets, allowing for lower capital requirements and scalable regional expansion.

✅ Exposure to Cross-Border E-commerce
As platforms like TikTok Shop, Temu, SHEIN and Amazon continue to expand, demand for international logistics services should remain a long-term growth driver.

🔹My Biggest Concern

The main risk is customer concentration.

TikTok contributed 98% of revenue in FY2024 and 45.4% in FY2025, while the top five customers still account for around 90% of total revenue. Continued customer diversification will be key to its long-term growth.

I'll be watching how management expands its customer base and executes its regional growth strategy after listing.

Congratulations once again to the management team. I look forward to following All-Link's journey as a listed company.

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

📌 If you find this analysis useful, I share weekly trading ideas and special trade setups through my WhatsApp Community Announcement Group (one-way only, no spam).
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Marcus Toh Kar Yong

Principal Investment Specialist @ Phillip Securities | SGX SDR Ambassador | Top DLC Trader & Global Market Achiever | Since 1999 | Specialising in retirement optimisation using stocks, bonds & financial products

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marcustohkaryong

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Aug 4, 2026 at 11:08

Sea Limited (SEA US SDR 50to1 UGGD)

Wrote a newsletter on Sea Limited (SEA US SDR 50to1 UGGD) recently and it has been published on SGX website.

https://bit.ly/44ShTYB [bit.ly]

Attaching also recent daily chart where investors can consider taking first partial profit when it trades above US$118.09 (SEA SDR around S$3.05).

$Sea US SDR 50to1(UGGD.SI)

marcustohkaryong

989

Jul 1, 2026 at 09:20 Edited 07/01/26 09:48

Geo Energy

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.

marcustohkaryong

520

Jul 30, 2026 at 10:06 Edited 07/30/26 10:08

Frencken Group 27 July 2027 Corporate Visit

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

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