𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *12/8/26*

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STI: 5754 (+55) | HSI: 25652 (-284) | Dow: 53791 (-184) | S&P: 7728 (-25) | Nasdaq: 26445 (-160)

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*US Markets Overnight*

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*CPI Before We Fly*

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Wall Street slipped for a second straight session, with the Nasdaq down 0.6% and both the S&P 500 and Dow easing 0.3%. After the S&P hit a record last Friday, this looks more like pre-CPI caution than a change in trend. July’s soft jobs report gave the Fed some breathing room, but a hotter inflation print could quickly put rate worries back on the table. In short, CPI now holds the steering wheel.

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Oil added another spice inti the mix. WTI and Brent gained about 1.6% amid developments around the Strait of Hormuz, while the US 10-year Treasury yield hovered above 4.69%. Higher energy prices feeding into inflation is the obvious risk here.

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Big Tech was mostly softer, with *Alphabet* sliding nearly 4%. Nvidia edged lower despite signing agreements with six asset managers that could provide up to US$500 billion in financing for customers building AI data centres and buying its hardware. That’s a huge number and another reminder that the AI race is increasingly becoming a capital race, not just a chip race.

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Elsewhere, *Intel* steadied after expanding its planned stock offering from US$15 billion to US$20 billion, while Riot Platforms jumped more than 4% following reports of a roughly US$9 billion cloud deal with Anthropic. Earnings produced some serious dispersion: On Holding plunged 20%, Hims & Hers fell nearly 4%, while Singapore’s Sea Limited surged 14%. Plug Power gained 5% and Cardinal Health added more than 1%.

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For now, markets are in “show me the CPI” mode. The bull hasn’t left the building, it’s just checking the inflation bill before ordering another round.

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*What’s Brewing Today*

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So $ULTRAGREEN AI USD(ULG.SI)and $FoundationHealth(FHH.SI), both IPO in the last one year, saw some positive momentum yesterday. Ultragreen is up 6.7% while the latter was up 7.2%. Do note that *Ultragreen* is releasing its earnings today after market close. And what is interesting about *Foundation Healthcare* is that yesterday was the day UBS ceased its stabilisation. Both look to attract market interest.

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Major news from ⭐️ $DigiCore Reit USD(DCRU.SI)  It is recycling US$316m from three North American data-centre interests into Singapore and Osaka, debt repayment and unit buybacks. In short, a portfolio reshuffle that is expected to lift DPU by 4.1%, cut gearing from 39.2% to 36.3%, and roughly double its APAC exposure. Personally, I like the maths and the direction. Selling mature assets to lower leverage while still delivering DPU accretion is smart capital recycling, while greater Singapore/Japan exposure positions DCR for structural data-centre demand in Asia. The key question is execution and valuation.

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⭐ $CapLand IntCom T(C38U.SI) delivered a solid 1HFY2026, with DPU rising 7.1% YoY to 6.02 cents despite a larger unit base, a good sign that underlying income growth is translating into genuine per-unit returns. what can I say? This is the number that is music to my ears - DPU growth despite dilution. For a large, mature REIT like CICT, 7.1% is meaningful and suggests its portfolio recycling and capital management are bearing fruit.

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Many company announcements last night. On other earnings, *A-Sonic, YZJ Maritime, SingLand, OKP, Info-tech, MoneyMax* all released good sets of results. On guidance, ⭐ $Lum Chang(L19.SI) and *Aedge Group* may be in focus as both give positive guidance.

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===

*Happening Today*

SG XD:

— Hiap Seng Ind: SGD0.0002

— First Reit: SGD0.0048

— SamuderaShipping: SGD0.0135

— ParkwayLife Reit: SGD0.0877

SG Earnings:

— CICT^, Wilmar, HL Asia, UOL, Ultragreen, NTT DC REIT, Prime US REIT, Centurion, AP Oil, China Sunsine

US

— CPI (YoY) (Jul) / Core CPI (YoY) (Jul) /  Crude Oil Inventories / OPEC Monthly Report

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===

*SG Stock news*

—⭐️ *Cap Int Comm Trust* lifts 1HFY2026 DPU by 7.1% y-o-y to 6.02 cents despite larger unit base

https://links.sgx.com/1.0.0/corporate-announcements/LIXLFILX9R2NT3Y5/900416_3%20CICT%201H%202026%20Presentation%20Slides.pdf

—⭐️ *Digital Core REIT* Reaches Agreement to Establish Presence in Singapore, Expand in Japan, Sell Interests in Three Assets in North America. Transaction expected to deliver 4.1% DPU accretion, reduce aggregate leverage nearly 300 bps, and double APAC concentration. Significantly improves market mix, enhances portfolio quality

— ⭐ *A-Sonic Aerospace* posts 340.6% y-o-y jump in 1HFY2026 earnings to US$1.4 mil, establish progressive dividend policy

https://www.theedgesingapore.com/capital/results/sonic-aerospace-posts-3406-y-o-y-jump-1hfy2026-earnings-us14-mil-establish

— *VICOM* Revenue for the first six months increased 6.4% to $74.3M. Group operating profit increased by 27.1% to $24.0M. Net profit attributable to Shareholders increased by 28.0% to $19.9M. An interim dividend of 3.95 cents has been declared.

https://links.sgx.com/FileOpen/VICOM%20Media%20Release%20Results%20for%20the%20Half%20Year%20Ended%2030%20June%202026.ashx?App=Announcement&FileID=900313

— *Frasers Property* net gearing falls slightly to 93.6% in 3QFY2026

https://links.sgx.com/1.0.0/corporate-announcements/B8WFP5AJIWF1U557/900337_FPL%203Q%20FY26%20Business%20Updates.pdf

— 👍*Yangzijiang Maritime* reports 29.4% y-o-y decline in patmi to US$44.9 mil for 1HFY2026

https://links.sgx.com/1.0.0/corporate-announcements/U6PYD09SVG00O7OL/900367_YZJ%20Maritime%20-%201H2026%20Presentation_final.pdf

—👍 *SingLand* patmi surges 90% y-o-y in 1HFY2026, S'pore portfolio valuation rises 1.3% h-o-h

https://www.theedgesingapore.com/capital/results/singlands-patmi-surges-90-y-o-y-1hfy2026-spore-portfolio-valuation-rises-13-h-o-h

—👍 *OKP* reports 43.8% y-o-y increase in earnings for 1HFY2026, declares special interim dividend of 0.6 cents

https://links.sgx.com/1.0.0/corporate-announcements/02AYW59KJ22QQP51/900370_OKP%20-%201H2026%20NR.pdf

—👍 *Info-Tech Systems* 1HFY2026 earnings up 89% on strong performance of AI courses

https://links.sgx.com/1.0.0/corporate-announcements/HNJO3X3OB33WNV8A/900303_3.%20Info-Tech%20-%201H2026%20Results%20Presentation.pdf

—👍 *MoneyMax* reports 73.7% y-o-y surge in net profit to record $52.5 mil for 1HFY2026

https://links.sgx.com/1.0.0/corporate-announcements/LAOIGAAQH44NI7FN/900361_MoneyMax_1H-2026_Corporate%20Presentation.pdf

— *Delfi* reported Net Sales growth of 2.7% to US$266.6m and PATMI of US$12.9m in 1H 2026

https://links.sgx.com/1.0.0/corporate-announcements/SZO07FWGOHIKWL6P/900373_1H%202026%20PR-FINAL.pdf

— *ASTI* Net profit dropped 36.5% despite delivering 25.3% Revenue Growth to S$21.7M in 1HFY2026

https://links.sgx.com/FileOpen/ASTI%20Press%20Release%20-%201HFY2026%20Financial%20Results.ashx?App=Announcement&FileID=900332

— *PSC Corp* earnings declined 16.7% y-o-y to $10.7 mil, declares special dividend of 7.2 cents

https://www.theedgesingapore.com/capital/results/psc-corps-earnings-declined-167-y-o-y-107-mil-declares-special-dividend-72-cents

— *Keppel's* Kruger Cable System receives FBO licence; prospective investors to decide by end 2026

—💡 *Datapulse's* executive chairman Ang makes 15.5 cents per share offer to delist company

https://www.theedgesingapore.com/news/company-news/datapulses-executive-chairman-ang-makes-155-cents-share-offer-delist-company

—👍 *Skylink* Expands Heavy Vehicles Asset Portfolio, Invests in New Cold Chain Logistic Fleet, andSecures Maiden Long-Term Leasing Contract

—👍 *Secura* wins two security contracts from MOE worth $64.2 mil

— *Samudera Shipping* wishes to announce that Blue Ocean Shipping Co., Ltd. (“BOS”), had on 6 August 2026 entered into a shipbuilding contract with Zhejiang Xinle Shipbuilding Co., Ltd., as builder (the “Builder”), and Ningbo Xinle Shipbuilding Group Co., Ltd., as seller (the “Seller”), for the construction and purchase of one (1) unit of new 696 TEUs container vessel

—⭐ *Lum Chang Holdings* expects to report a significant improvement in revenue and net profit after tax (“NPAT”) for FY2026, as compared to FY2025

—👍 *Aedge Group* expects a turn around for FY2026

—❗*Pharmesis* is expected to report a net loss for the unaudited condensed interim financial statements for 1HFY26

—❗*Kim Heng* is expected that the Group will be in net loss position for HY2026 when compared to that for the financial period ended 30 June 2025.

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*Earnings Calendar:*

12 /8 - CICT^, Wilmar, HL Asia, UOL, Ultragreen, NTT DC REIT, Prime US REIT, 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

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Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

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Rgds, Dan

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

https://tinyurl.com/dan-disclaimer

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#danccs

That was one of my takeaways after my conversation with Chua Tian Tian on MoneyFM 89.3 today.

We spoke about Anthropic partnering Macquarie and GIC to build AI data centres, Intel raising US$15 billion for its foundry ambitions, and the reported US$500 billion AI infrastructure funding package involving Nvidia.

Different stories, but I kept coming back to one word: 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞.

For the last few years, the AI conversation has centred around who has the best chip or the best model. Increasingly, I think the question is becoming: who has the capital, compute, power and infrastructure to support all that growth?

As I shared on air, you don't necessarily have to bet on which car wins the race. Sometimes, owning the road can be pretty interesting too.

Closer to home on SGX, we also discussed UOB Kay Hian's strong first-half results and ST Engineering's latest contract wins.

Both were reminders that headlines need context. Higher market participation matters for a brokerage, while for a stock that has already enjoyed a strong run, good news sometimes needs to be good enough.

Thank you Tian Tian for the conversation. Always enjoyable exchanging views on what is moving markets, and more importantly, what may be moving beneath them.

𝐏𝐞𝐫𝐡𝐚𝐩𝐬 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐛𝐢𝐠 𝐀𝐈 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐢𝐬𝐧'𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐚𝐜𝐞 𝐢𝐭𝐬𝐞𝐥𝐟, 𝐛𝐮𝐭 𝐢𝐧 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐧𝐞𝐞𝐝𝐞𝐝 𝐭𝐨 𝐤𝐞𝐞𝐩 𝐭𝐡𝐞 𝐫𝐚𝐜𝐞 𝐠𝐨𝐢𝐧𝐠.

https://omny.fm/shows/btnews-presented-by-...

#MarketInsights #MoneyFM893 #AIinfrastructure #POEMS #danccs

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *11/8/26*

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STI: 5698 (+59) | HSI: 25667 (+137) | Dow: 53975 (-l-60) | S&P: 7753 (-4) | Nasdaq: 26605 (-85)

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*US Markets Overnight*

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*Bad News, Good News … Until CPI Says Otherwise*

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Now, Donald Trump is making me look like I am the one flipping prate 😂.

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Anyway, bad news is good news again, at least for now. The weak jobs print last Friday took some heat off rate-hike fears, giving tech and growth stocks room to run. But there’s a fine line between a labour market that’s “cool enough” for the Fed and one that’s simply getting too cold.

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But Wall Street took a small step back on Monday, with technology doing most of the dragging. The S&P 500 slipped less than 0.1%, the Nasdaq fell 0.3%, while the Dow eased 0.1%. Nothing dramatic, especially after last week’s strong run and record highs.

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All eyes now turn to Wednesday’s US CPI. Friday’s softer jobs report reduced fears of another Fed rate hike, but inflation remains the other half of the equation. A benign CPI could reinforce the case for the Fed to stay patient. A hot number, however, could quickly put rates back into the conversation.

Tech was mixed. Nvidia fell nearly 3% and Intel dropped 4% as semiconductors came under pressure. Apple lost 1.5%, while Microsoft and Amazon bucked the trend, gaining more than 1% each.

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*SpaceX* was the standout, jumping more than 4% and finally closing above its US$135 IPO price again, after gaining more than 20% over the previous two sessions. Quite a turnaround after hitting a record low only last week. Its US$135 IPO pricing is confirmed by SpaceX’s listing announcement.

Berkshire Hathaway also gained 1.5% following strong quarterly results. Perhaps more interesting than the numbers is what new CEO Greg Abel is doing with Berkshire’s enormous cash pile. Operating earnings rose 16%, while Berkshire spent US$4.5 billion buying back its own shares and became a net buyer of equities. That suggests the post-Buffett era may look a little more active on capital deployment.

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Outside equities, geopolitics came roaring back into the picture. WTI crude jumped 5% to above US$82 as hopes faded for progress between the US and Iran over reopening the Strait of Hormuz. Gold rose more than 1% to around US$4,450, while Bitcoin hovered near US$64,000.

For now, I wouldn’t read too much into one mildly red session. After a strong rally, the market isn’t short of optimism. What it needs next is confirmation from inflation.

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*What’s Brewing This Week*

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This week is shaping up to be a *cost-of-living and consumer health check*, with inflation, spending and sentiment taking centre stage. After a strong week for Wall Street, the big question is whether the rally has more legs—or whether inflation comes back to spoil the party.

Tuesday brings a heavy dose of earnings, especially from the AI infrastructure space. *Super Micro Computer* and *CoreWeave* will be closely watched for clues on whether AI spending remains as strong as the market expects. We’ll also hear from On Holding, CAVA and Lumentum. Japan is closed for a public holiday, so expect quieter activity from that market.

Wednesday is the big one for us locally. *Singapore’s Q2 GDP numbers are due*, giving us a clearer read on how our economy is holding up. Over in the US, July CPI will be the main global market mover. With energy prices under pressure from Middle East tensions, any inflation surprise could quickly change expectations around the Fed and interest rates.

Thursday keeps the data coming. *China releases its July credit numbers*, including new loans, M2 and total social financing—important indicators for the health of the Chinese economy and, by extension, relevant for Singapore and regional markets. The US gets PPI inflation, while Applied Materials reports earnings, giving investors another read on semiconductor demand.

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Friday rounds things off with *US retail sales and consumer sentiment*, which should tell us whether Americans are still willing. and able, to spend. Europe also releases Q2 GDP and trade data. With US savings rates already near four-year lows, I’ll be watching closely to see if the consumer is starting to feel the pinch.

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So, three things on my radar this week: *US inflation*, *Singapore GDP* and the *strength of the US consumer*. These should give us a much better sense of where rates, currencies and equities could be heading next.

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===

*Happening Today*

SG XD:

— SIA: SGD 0.290

— Keppel: SGD 0.150

— Lendlease Reit: 0.018546

— PHILLIP MM US$D: SGD 0.300

SG Earnings:

— SingLand, UOI, Frasers Property, OKP

JP

— Holiday

US

— NFIB Small Business Optimism  (Jul) / ADP Employment Change Weekly / Existing Home Sales  (Jul) / Existing Home Sales (MoM) (Jul)

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===

*SG Stock news*

—👍 *NetLink NBN Trust* reported Q1 FY27 revenue of S$101.3 million, EBITDA of S$69.1 million, and net profit of S$18.1 million, down 1.4%, 4.0%, and 22.4% respectively, mainly due to lower non-RAB revenue, higher operating expenses, and increased depreciation.

https://links.sgx.com/1.0.0/corporate-announcements/KWOJLXL1VOKD314T/899087_20260807%20-%20NetLink%20NBN%20-%20Financial%20Results%20Presentation.pdf

— *F&N* delivered stronger earnings with PBIT rising 13.6% despite a 6.0% decline in revenue due to forex and external headwinds, PAT increasing 4.5%, attributable profit up 10.4% (before exceptional items), EPS climbing 11.1%, and PBIT margin expanding by 276 bps.,

https://links.sgx.com/1.0.0/corporate-announcements/9AH3RFM1VYPD8OV0/899040_FNL%209M2026%20Voluntary%20Business%20Update.pdf

— 👍 *Beng Kuang* Posts Revenue Growth of 9.7% in 1H2026, Extending its Profit Track Record; Outstanding Contracted Work of S$70.7 million Provides Visibility Ahead

https://links.sgx.com/1.0.0/corporate-announcements/1LOOLIRDM47XAALO/899140_BKM%201H2026%20Results%20Update.pdf

—👍 *Rex* reports profit after tax of US$84.04 million in 1H FY2026 following loss of control and deconsolidation of subsidiary

https://links.sgx.com/1.0.0/corporate-announcements/I1SYL6J0Q0QAFTS2/899145_20260807_RIH_PressRelease_1HFY2026Results_Final.pdf

— *Geo Energy* Achieves Net Profit of US$15.6 Million in 1H2026; Eyes Strong 2H2026 Financial Performance in  View of Volume Ramp-Up, Strong Coal Prices and Contribution from MBJ Startup; Declares Interim Dividend of 0.10 SG cent per Share

https://links.sgx.com/1.0.0/corporate-announcements/HH0TV4GFMQJMTUXE/899189_1H2026%20Media%20Release.pdf

—👍 *HO BEE LAND* 1H2026 Revenue grew by 30% to S$230.5 million. Net profit increased by 5% to S$52.9 million

https://links.sgx.com/1.0.0/corporate-announcements/BGPVRZZFZRASUW7N/899136_HBL-1HFY2026-Press%20Release.pdf

—👍*Soon Hock Enterprise* achieves significant turnaround in NPAT to S$19.3 million in 1H2026 on completion of Stellar@Tampines

https://links.sgx.com/1.0.0/corporate-announcements/CKJTFJOKE4MQUVZU/899176_Soon%20Hock%20-%20Presentation%20-%201HFY2026%20Financial%20Results.pdf

—👍 *Ever Glory United* Reports 177.5% increase in Net Profit to S$12.7 Million in Six-Month Financial Period ended 30 June 2026

https://links.sgx.com/1.0.0/corporate-announcements/WOFPP3AL3UPJJ6B7/900222_EGU%20-%201H%20FY2026%20-%20Press%20Release%20-%20Final.pdf

— *Nordic's* 1H2026 net profit rises 21% yoy to S$10.0 million

https://links.sgx.com/1.0.0/corporate-announcements/CR3X1WGDJYE1HVCB/899187_Nordic%20Group%20Limited%201H2026%20Press%20Release.pdf

— *BHG Retail REIT* reported 1H 2026 gross revenue of S$26.8 million and NPI of S$14.1 million, declared a DPU of 0.12 Singapore cents, while maintaining a healthy 94.0% occupancy rate and focusing on experiential retail to support its community malls amid cautious consumer spending.

https://links.sgx.com/1.0.0/corporate-announcements/Z99L9TWB5JPMGMG4/899053_BHG%20REIT-Result%20Presentation%20Slides%201H%202026.pdf

— *Yeo Hiap Seng* Group revenue rises 8% to $159.8 million; amid growth in Malaysia, Singapore, Cambodia and Australia, net profit up 12% to $1.8 million

https://links.sgx.com/1.0.0/corporate-announcements/V0VMA5X2QOJ4XGHL/899065_YHS%20Media%20Release%201H%20FY2026.pdf

— *Hong Leong Finance* reported an 8.8% increase in net profit to S$35.0 million for the first half of 2026, driven by an 8.4% rise in net interest income despite a 27.5% decline in total interest income amid lower interest rates.

https://links.sgx.com/1.0.0/corporate-announcements/VQFKYQYZG9HQ7821/899051_HLF%201H26.pdf

—💡 *Aspial Lifestyle* Reports Record 1H2026 Revenue of S$464.2 Million and Raises Interim Dividend by 125%

https://links.sgx.com/1.0.0/corporate-announcements/3CYT2UGJRGD8SZDJ/899178_ALL%201H2026%20Media%20Release.pdf

— *Abundance International* reported a 41.6% decline in revenue to US$150.9 million amid weak demand, but returned to profitability with a net profit of US$1.3 million from a US$1.1 million loss a year earlier, driven by cost rationalisation and tighter inventory management.

https://links.sgx.com/1.0.0/corporate-announcements/AGFQXAJ0Y6PKRHFH/899058_Abundance%20-%20Press%20Release%201H2026.pdf

— *Soup Holdings* reported a 1H2026 net loss of S$673,000 versus a S$224,000 profit a year ago, as revenue stayed largely flat while operating costs increased.

https://links.sgx.com/1.0.0/corporate-announcements/ML4W8SIEXRUU15GL/900223_SHL%20-%20HY2026%20Results%20Announcement.pdf

— *QAF* reported flat revenue of S$306.7 million, while operating profit surged 87% to S$15.3 million on improved cost control, although net profit attributable to shareholders fell 51% to S$1.9 million, mainly due to a S$10 million exceptional charge and higher joint venture losses.

https://links.sgx.com/1.0.0/corporate-announcements/ZWX8GNFW81VIA6D4/899045_QAF%201H2026%20Unaudited%20Results%20Announcement%207.8.2026.pdf

— *Asia Enterprises* Posts Revenue of $11.9 Million for 1H2026, Backed by Improved Margins and Strong Balance Sheet

https://links.sgx.com/1.0.0/corporate-announcements/4BB01C8HVLBBUUOT/899131_AEH%201H2026%20Results%20Press%20Release.pdf

— *Singapura Finance* reported a 76.2% increase in net profit to S$5.9 million for 1H2026, driven by a 31.6% rise in net interest income and lower operating expenses, despite a decline in interest income and higher impairment allowances.

https://links.sgx.com/1.0.0/corporate-announcements/XTXL5PHW111TTWCA/899068_Announcement%202026-06_FINAL.pdf

— *Heeton* reported a 1.0% increase in revenue to S$37.2 million and returned to profitability with a net profit of S$0.2 million, versus a S$9.5 million loss a year ago, supported by stronger operating performance, property disposal gains, and fair value gains that more than offset impairment charges.

https://links.sgx.com/1.0.0/corporate-announcements/EHVCXUBCYMJJZUYS/899049_Interim%20FS%20Heeton%20Holdings%20Limited%2030%20Jun%202026_Final.pdf

— *Gallant Venture* reported an 18% increase in revenue to S$118.5 million, but swung to a net loss of S$26.4 million from a S$20.5 million profit a year earlier, as weaker margins, higher operating costs, and the absence of significant gains recorded in the previous year weighed on earnings.

https://links.sgx.com/1.0.0/corporate-announcements/8CDYBXRSJCIJDEBZ/899062_GV_Interim%20FS%201H2026.pdf

— *PSC Corp* reported a 5.7% increase in revenue to S$248.7 million, but net profit fell 16.7% to S$10.7 million as higher finance costs and taxes more than offset stronger operating performance.

https://links.sgx.com/1.0.0/corporate-announcements/2D216ZXMOLSCRWWJ/899070_Condensed%20Interim%20Financial%20Statements%20For%20The%20Six%20Months%20Ended%2030%20June%202026.pdf

— *Fu Yu’s* balance sheet remained strong as at 30 June 2026, with total assets rising to S$168.4 million, cash and bank balances increasing to S$55.0 million, and shareholders’ equity holding steady at S$127.9 million, while total liabilities increased modestly to S$40.5 million.

https://links.sgx.com/1.0.0/corporate-announcements/8A2ZPQLTLBGYVKWU/899080_Fu%20Yu%20-%20Announcement%20-%201H2026%20Results.pdf

— ‼️*GHY Culture & Media* reported a 10% decline in revenue to RMB162.0 million and a wider net loss of RMB31.4 million for 6M2026, as lower production margins and continued investments in AI capabilities weighed on earnings despite maintaining a healthy balance sheet.

https://links.sgx.com/1.0.0/corporate-announcements/PLQJ0U22NALRYOQL/899100_GHY_6M2026_Corp%20Presentation.pdf

—⭐️ *ST Engineering* secured S$2.9b in new contracts in the second quarter of 2026. These comprised S$1.2b from the Commercial Aerospace segment, S$1.2b from the Defence & Public Security segment and S$0.5b from the Urban Solutions & Satcom segment.

— *CDW Holding* expects to report an operating loss for 1H2026, as weaker demand for LCD backlight units and a shift toward lower margin POS products more than offset growth in selected product segments.

—👍 *Koyo International* expects to report a significant increase in net profit for HY2026, mainly driven by stronger contributions from its mechanical engineering segment.

—👍 *Pollux Properties* expects to report a significant improvement in net profit for 1H2026, driven by provision reversals, lower joint venture losses, reduced foreign exchange and finance costs, and a lower tax expense.

—‼️*MetaOptics* withdrew Nasdaq listing application

—👍 *ESR-REIT* is divesting 15 Gul Way for S$24.2 million, a 16.9% premium to valuation, with proceeds mainly earmarked for debt repayment and reinvestment into higher-return opportunities.

.

*Earnings Calendar:*

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

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Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

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Rgds, Dan

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

https://tinyurl.com/dan-disclaimer

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#danccs