Specialises in Inter-market Analysis. Invest in bonds, dividend yielding stocks and reits. Trades in forex, stocks, futures, gold and oil.
In this video, I discussed why starting with a 0.01 lot size can help new traders gain real market experience while managing risk.
Watch here: https://youtu.be/Ahd5up9MbNg
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SPDR Gold Shares (SGX: O87) tracks the price of gold bullion, offering Singapore investors direct exposure to gold through a locally listed ETF. It is one of the most actively traded gold-linked instruments on the SGX.
โ
Daily Chart: Downtrend Intact, but Price Finds Footing at Support
โ
Since January 2026, O87 has been forming lower highs and lower lows โ a textbook downtrend market structure.
โ
However, price has found support near the previous major low around $361-362 and has stabilised in this area. Notably, O87 has retested this support zone on two separate occasions โ once around mid-June and again in mid-July โ holding above it each time without a decisive breakdown.
โ
This does not signal a reversal. But it does suggest that selling pressure has eased at this level for now.
โ
โ
1-Hour Chart: Channel Breakout and MACD Divergence
โ
On the 1-hour chart, the two retests of the support zone are marked as โ and โก. After the second retest, price broke out of a downsloping channel to the upside โ a near-term positive shift in price structure.
The MACD on the 1-hour chart is also showing bullish divergence: price made a lower low while MACD held higher, signalling weakening downside momentum.
Despite this, two overhead resistance levels stand in the way of any sustained recovery:
โข Immediate resistance โ $385
โข Stronger resistance โ $400
Price would need to clear $385 convincingly before the $400 level comes into play. Neither has been reclaimed at the time of writing.
Using Structured Warrants for Short-Term Trading
________
DISCLAIMER
Information found in Binni Ong commentary is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. She is providing education and training, and is not regulated by the Monetary Authority of Singapore or any financial regulatory body.
This commentary piece is sponsored by Macquarie Warrants Singapore. The views expressed by Binni Ong do not represent the views of Macquarie Group, nor its affiliates.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Investment products including warrants are subject to significant investment risks, including the possible loss of the principal amount invested.
Where past performance is referred to, it is not indicative of future performance. Examples quoted in this presentation are for illustration purposes only and do not represent any investment views or strategies. Advice should be sought from a financial adviser regarding the suitability of the investment product before you commit to invest in it.
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In this video, I explain how I use a correlated marketโthe US Dollar Index (DXY)โto provide additional context when analyzing currency markets.
Using the TAT Strategy and a multi-timeframe approach, I demonstrate how I analyze the relationship between the US Dollar Index and currency markets, identify changes in market structure, and observe retracement patterns to better understand overall price movement.
Watch it here: https://youtu.be/XgrwBBORKC8
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When markets move sharply, it's tempting to focus only on the headlines.
But sometimes, the more interesting question is why some markets react differently from others.
Yesterday's sell-off across global semiconductor stocks was triggered by reports that China has reportedly begun mass producing immersion DUV lithography machines. The news sparked concerns over how the competitive landscape in the semiconductor industry could evolve, leading to broad based selling across AI and chip-related names.
While Singapore wasn't spared, I thought one observation stood out.
Compared to markets like South Korea, Taiwan and Japan, the STI remained relatively resilient. In my view, that's largely because Singapore's market has relatively lower exposure to semiconductor and technology stocks. Our SGX market is more banks-heavy, which helped cushion the broader index despite the weakness in names like AEM, UMS and Frencken.
Looking ahead, I do expect volatility to remain elevated. With several of the US Magnificent 7 reporting earnings this week, together with the upcoming Federal Reserve meeting, investors are likely to stay sensitive to any news that could influence the AI narrative.
That said, volatility doesn't necessarily mean more selling. Much will depend on what the earnings actually tell us. And for some of our local semiconductor companies, whose businesses are only indirectly affected by developments in lithography equipment, the recent sell-off could prove to be more sentiment driven than fundamentally driven.
Thank you to Zaobao Business Reporter, Chew Boon Leong (่ดข็ปๆฐ้ป่ฎฐ่ ๅจๆ้พ), for covering the story and bringing together different perspectives on an eventful day for the markets.
https://www.zaobao.com.sg/finance/singapore/story20260728-9433177
https://www.zaobao.com.sg/finance/singapore/story20260728-9434482
#MarketInsights #Zaobao #tradeSGX #POEMS #danccs
source: Lianhe Zaobao
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๐๐๐ซ๐ค๐t ๐๐ฉ๐๐๐ญ๐ *28/7/26*
.
STI: 5620 (+32) | HSI: 25207 (+243) | Dow: 52209 (+262) | S&P: 7413 (+2) | Nasdaq: 24932 (-43)
..
*US Markets Overnight*
.
*Big Week, Bigger Stakes*
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Markets are starting to feel like they are holding their breath. This weekโs earnings and the Fed meeting could either justify todayโs rich valuations or remind investors that expectations have run a little ahead of reality. One thing is clear, AI remains the marketโs favourite story, but investors are becoming much more selective about what theyโre willing to pay for it.
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Wall Street had a mixed session overnight. The Dow gained 0.5% and the S&P 500 finished slightly higher, while the Nasdaq slipped 0.2% as semiconductor stocks came under pressure. *Nvidia* tumbled 5% after reports it is in talks with OpenAI to support financing for a massive US$250 billion data centre project, raising fresh questions about how much capital will ultimately be needed to fuel the AI race. Apple, meanwhile, closed at a record high and reclaimed the title of the worldโs largest listed company by market value. Memory chip makers including Sandisk, Western Digital and Seagate also saw heavy selling, dragging the broader semiconductor sector lower.
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Energy stocks softened after oil prices plunged, with WTI falling almost 8% and Brent down more than 9%, as easing geopolitical tensions in the Middle East reduced fears of supply disruptions. Chevron and ExxonMobil both ended lower. Looking ahead, investors will be watching a packed earnings calendar, with Microsoft and Meta reporting on Wednesday, followed by Apple and Amazon on Thursday. Treasury yields eased after last weekโs surge, but markets are still keeping a close eye on the Fed, with expectations for future rate hikes creeping higher. For now, earnings will likely decide whether this market keeps climbing, or finally takes a breather.
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*Whatโs Brewing Today*
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All eyes may be on *SIA* earnings after market today. SIA had a good run for the past few weeks / months. But now, the moment of truth. Will the elevated oil price affect the earnings? Is Air India going to put a dent? We shall see how it pans out.
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Some technical observations. Understand that many have been blindsided / disappointed by *Sembcorp* drastic drop in the past 2 weeks (me included). Well, 3 days of consolidation till date. Not sure if it is a rebound, but I do hope it is bottoming out. Do watch this one for long term investing (Note: earnings is not expected to be good, but likely already factored in).
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Many earnings / business updates and profit guidance below. Do take a look.
.
===
*Happening Today*
SG Corporate action:
โ HPHT: HKD0.05
โ TheHourGlass: SGD 0.04
SG earnings:
โ Capland Ascott^, KORE^, ESR REIT^, KIT, SIA, Aztech, MLT
US
OPEC Meeting / ADP Employment Change Weekly / Retail Inventories Ex Auto (Jun) / Goods Trade Balance (Jun) / CB Consumer Confidence (Jul)
.
===
*SG Stock news*
Earnings / Business Updates:
โโญ๏ธ *Fraser Cpt Trust* delivered a resilient 3Q/YTD FY26 performance, underpinned by 99.6% committed occupancy, continued growth in shopper traffic and tenant sales, healthy balance sheet metrics, and strong leasing progress for the Hougang Mall and NEX AEIs.
โ๐ *Keppel Infra Trust* reported resilient 1H 2026 results, with distributable income of S$101.1 million and a higher DPU of 1.99 cents, supported by its defensive portfolio, accretive acquisitions and fully secured refinancing despite fuel cost headwinds.
โ *CapLand Ascott* posted a stable 1H 2026 DPS of 2.53 cents, with distributable income rising 11%, supported by resilient operating performance and ongoing portfolio upgrades to drive long-term growth.
โ *ESR REIT* reported a 4.5% increase in 1H 2026 core DPU, supported by resilient leasing and positive rental reversions, while proposing the acquisition of six freehold Australian logistics assets to enhance portfolio quality and boost future distributions. In addition, *ESR-REIT* is also divesting 12 Ang Mo Kio Street 65 for S$33.3 million, a 2.1% premium to valuation, with proceeds to support debt repayment, acquisitions and portfolio enhancement initiatives.
โ *Keppel Pacific Oaks REIT* reported a 6.1% rise in 1H 2026 net property income, driven by record leasing activity and higher distributable income, while strengthening its balance sheet with new financing and resuming a 0.40 US cent DPU.
โ *Toku* reported larger losses despite a 13% revenue growth in 1H2026, driven by strong commercial execution and AI demand, while strengthening its balance sheet and guiding for faster organic growth with lower operating expenses in 2H2026 as it progresses towards profitability.
โ๐ *UI Boustead REIT* reported a 98.1% committed occupancy as at 30 June 2026, driven by strong leasing in Japan, while continuing to execute growth through S$74.7 million of development investments and maintaining confidence in meeting its IPO forecast despite foreign exchange and macroeconomic headwinds
โ *Landmark REIT* delivered resilient 1H 2026 results with 2.8% higher gross revenue and 4.9% growth in NPI, supported by positive rental reversions, ongoing asset enhancements and a stronger balance sheet, while targeting the resumption of unitholder distributions in FY2027 subject to continued financial improvement.
.
Profit Guidance:
โ๐ *Advancer Global Limited*expects to record a higher net profit before tax for HY2026 as compared to the six months ended 30 June 2025 mainly due to higher revenue contributions from all 3 business segments of the Group, namely Employment Services, Building Management Services and Security Services segments, driven by new and renewed contracts and the onboarding of new customers.
โ๐ *Winking Studios* expects to report an increase in revenue of at least 20% compared with 1H2025 revenue of US$19.4 million. Revenue growth was driven principally by sustained demand for the Groupโs art outsourcing services.
โโผ๏ธ *Avi-tech* is expected to reflect a decline compared to the financial year ended 30 June 2025, resulting in a net loss.
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Others:
โ โญ *Ever Glory United* Secures More Than S$168 Million in New Contracts, Lifting Order Book Beyond S$1 Billion
โ๐ *Keppel* announces approximately S$3.7 billioni programme to monetise up to 10 legacy rigs through Keppel Offshore Fund
โ๐ *Sanli8 Secures New Contracts Across Private and Public Sectors with an Aggregate Value of Approximately S$60.1 Million
โ *Jumbo* has formed a Singapore joint venture to expand the Ng Ah Sio Bak Kut Teh brand in Shanghai and potentially across China through a franchise model, leveraging local partners' expertise while limiting its investment exposure with a 20% stake.
.
*Earnings Calendar:*
28 /7 - KIT, SIA, Aztech, MLT
29 /7 - Capland India^, KREIT^, Digicore REIT, First REIT, Starhill
30 /7 - CDLHT^, Keppel^, FEH^, AIMS APAC REIT^, MPACT, FLCT
31 /7: Seatrium^, GE
3 /8 - Lendlease REIT
4 /8 - ParkwayLife REIT^
5 /8 - CCT^, Capland Ascendas, CAREIT
6 /8 - DBS*, Manulife US REIT^, ACROPHYTE HT^, Venture, SGX, Avepoint, JustCo
7 /8 - OCBC^, UOB^, Elite UK REIT^, Netlink, BHG REtail, HL Finance
11 /8 - SingLand, UOI, Frasers Propertty
12 /8 - CICT^, Wilmar, HL Asia, UOL, Ultragreen, NTT DC REIT, PrimeUSREIT
13 /8 - CLI^, CDL^, sembcorp^, ST Engg^, Genting Sing, SERT, Thakral
14 /8 - Sasseur^, Olam^, Mewah
19 /8 - SATS
26 /8 - Micro-Mechanics
27 /8 - ASL Marine, Karin
.
Sources:
.
Rgds, Dan
https://www.phillip.com.sg/talktophillip/danccs/
https://tinyurl.com/dan-disclaimer
.
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Not every market rally tells the same story.
Sometimes, prices go up because risks have genuinely improved.
Other times, they go up simply because things didn't turn out as badly as investors feared.
Yesterday's discussion on CNA938 covered several seemingly unrelated stories. But they all pointed towards the same underlying theme.
We are living through ๐ ๐ฐ๐จ๐ซ๐ฅ๐ ๐ข๐ง ๐ญ๐ซ๐๐ง๐ฌ๐ข๐ญ๐ข๐จ๐ง.
We spoke about Asian markets rebounding as concerns over Middle East energy supplies eased, and why I think this feels more like a relief rally than an all-clear signal.
We also discussed how Asia's role in AI is evolving. It's no longer just about manufacturing semiconductor chips. Increasingly, the region is building the infrastructure behind AI, from data centres to cloud capabilities, opening up opportunities across a much broader ecosystem.
The conversation then shifted to China's latest semiconductor IPO and what it says about the growing race to build resilient and self-sufficient supply chains, before looking at Japan's gradual transition away from ultra-loose monetary policy after decades of battling deflation.
Closer to home, we touched on MAS' latest policy move and Singapore's manufacturing sector. To me, both point towards an economy that is adapting to a new phase of growth, one that is becoming more resilient by building multiple growth engines.
Thank you, Daniel Martin, for the engaging interview and the thoughtful questions. Special appreciation to Jon Christian Silva and Azida for the behind-the-scenes work.
The headlines may change every day.
But perhaps the bigger question for investors isn't what is happening today.
It's what these seemingly unrelated stories are quietly telling us about tomorrow.
|
CNA938 Rewind - Market Watch (27/7): Asian markets rebounded as falling oil prices lifted sentiment. #SGTodayGuest: Dan Chang, Trading Representative, Phillip Securities. WWW.CHANNELNEWSASIA.COM |
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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
$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?
4
Missed today's session? No worries!
We covered the ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐จ๐ฎ๐ญ๐ฅ๐จ๐จ๐ค, analysed a ๐๐+ ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐ฌ๐ญ๐จ๐๐ค๐ฌ ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ๐๐ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐๐ซ๐ฌ, and shared a few ๐๐จ๐ง๐ฎ๐ฌ ๐ฌ๐ญ๐จ๐๐ค๐ฌ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐จ๐ง ๐จ๐ฎ๐ซ ๐ซ๐๐๐๐ซ.
If you'd like to revisit the charts or catch up on today's discussion, you can watch the full replay here.
๐บ ๐๐๐ญ๐๐ก ๐ญ๐ก๐ ๐ซ๐๐ฉ๐ฅ๐๐ฒ:
๐ https://www.youtube.com/watch?v=Kfwf9NkfoRA
We hope you found the session useful, and we'll see you again at the next ๐๐๐๐ ๐๐ข๐ฏ๐!
1
$OCBC Bank(O39.SI) continues to hold firm after the strong breakout above the 27.50 level, with prices now consolidating below the immediate 29.00 resistance.
All 20d, 100d and 200d moving averages continue to point up, keeping momentum aligned with the broader uptrend. The recent 1GT Bullish signals remain in play as buyers continue to defend higher lows.
If price can break and close firmly above 29.00, the next upside target could be drawn toward 30.00. With strength holding near resistance, could a clean breakout above 29.00 spark the next leg higher toward 30.00?
3
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 โ aiming to capture mid-term trends in Singapore stocks and SDR.
Privacy & Disclaimer Policy: https://tinyurl.com/disclaimersandpdpa
https://youtu.be/nUb7ih6sWII
$DBS(D05.SI) $OCBC Bank(O39.SI) $IFAST(AIY.SI) $SIA(C6L.SI) $Seatrium Ltd(5E2.SI)
5
https://www.youtube.com/live/iSEJFpbTJ7M?s...
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI)
3
https://youtu.be/5fDR_QhzADU
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI) $UOL(U14.SI) $CityDev(C09.SI)
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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/...
๐๐จ๐จ๐ค๐ข๐ง๐ ๐๐จ๐ซ ๐๐ญ๐ก๐ข๐๐๐ฅ, ๐ฉ๐๐ฌ๐ฌ๐ข๐ฏ๐-๐ข๐ง๐๐จ๐ฆ๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ญ๐ก๐๐ญ ๐ฌ๐ญ๐ซ๐ข๐๐ญ๐ฅ๐ฒ ๐๐ฅ๐ข๐ ๐ง ๐ฐ๐ข๐ญ๐ก ๐๐ฌ๐ฅ๐๐ฆ๐ข๐ ๐ฏ๐๐ฅ๐ฎ๐๐ฌ? ๐โจ
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 incomeโthey can be systematically filtered to ensure your wealth remains pure.
๐ ๐๐ก๐ ๐๐ฐ๐จ-๐๐๐ญ๐ ๐๐ก๐๐ซ๐ข๐๐ก ๐๐๐ซ๐๐๐ง๐ข๐ง๐ ๐๐ซ๐จ๐๐๐ฌ๐ฌ
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:
1๏ธโฃ๐๐ก๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐๐ญ๐: The REIT is immediately excluded if it derives meaningful income from prohibited sectors like conventional banking/insurance, alcohol, gambling, pork, tobacco, or weapons.
2๏ธโฃ๐๐ก๐ ๐ ๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐๐ญ๐ข๐จ ๐๐๐ญ๐: 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.
๐ ๐๐ก๐ ๐1 2026 ๐๐ง๐ข๐ฏ๐๐ซ๐ฌ๐ ๐๐ญ ๐ ๐๐ฅ๐๐ง๐๐
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).
๐ผ ๐๐ ๐๐๐ฏ๐ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ฅ๐ข๐ฆ ๐๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ
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.
๐ฅ 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.
๐ https://www.kennyloh.net/
#IslamicFinance #HalalInvesting #SREITs #RetirementPlanning #PassiveIncome
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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.
๐ Key Highlights at a Glance:
๐นTotal Market Cap: S$101B
๐นAverage Distribution Yield (market cap weighted): 5.9%
๐นAverage Gearing: 38% (Well within MAS limits)
๐นAttractive Yield Spread: S-REITs maintain a solid +390bps premium over the SG 10Y Bond.
๐จ Sector Breakdown (Avg 12M Distribution Yield):
๐นHospitality: 6.6% ๐ฅ
๐นIndustrial: 6.5% ๐ญ
๐นRetail: 6.2% ๐๏ธ
๐นOffice: 6.0% ๐ข
๐นDiversified: 5.6% ๐
๐นData Centre: 5.1% ๐ป
๐นHealthcare: 4.8% ๐ฉบ
๐ 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.
๐ 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
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๐ ๐๐ฎ๐ ๐ ๐๐ข๐ฅ๐๐ฌ๐ญ๐จ๐ง๐๐ฌ ๐๐จ๐ซ ๐ญ๐ก๐ ๐-๐๐๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ! ๐
I am incredibly excited to share that we have officially launched the inaugural edition of the ๐๐๐๐๐ฌ๐๐ฏ๐ฏ๐ฒ ๐-๐๐๐๐๐ฌ ๐๐ฎ๐ฅ๐ฌ๐ over on our dedicated REITsavvy page! ๐๐ธ๐ฌ
For years, my mission has been to simplify the complex world of Singapore Real Estate Investment Trusts, helping investors build robust, resilient passive income streams. This new monthly report is the next step in that journeyโbringing you data-driven clarity, macro insights, and sector deep dives without the fluff.
If you haven't seen it yet, here is a quick look at what we are tracking inside the ๐๐๐๐๐ฌ๐๐ฏ๐ฏ๐ฒ ยท ๐-๐๐๐๐๐ฌ ๐๐ฎ๐ฅ๐ฌ๐ ยท ๐๐๐ฒ 2026.
๐น๐๐๐๐ญ๐จ๐ซ-๐๐ฒ-๐๐๐๐ญ๐จ๐ซ ๐๐๐ซ๐๐จ๐ซ๐ฆ๐๐ง๐๐: How Retail, Office, Industrial, Hospitality, and Specialized REITs are navigating the current economic climate.
๐น๐๐ฌ๐ฌ๐๐ง๐ญ๐ข๐๐ฅ ๐๐๐ฅ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐ซ๐ข๐๐ฌ: A clean breakdown of average distribution yields, price-to-NAV ratios, and gearing levels across the board.
๐น๐๐๐๐ซ๐จ & ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ ๐๐๐ญ๐ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ๐ฌ: Direct insights into how global monetary policy shifts impact local S-REIT valuations.
๐น๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฏ๐๐ซ๐ฌ: A snapshot of the top-performing and lagging REITs to help you spot potential portfolio opportunities.
๐ฅ ๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐๐จ๐ฉ๐ฒ & ๐๐ก๐๐ซ๐ ๐ญ๐ก๐ ๐๐ง๐จ๐ฐ๐ฅ๐๐๐ ๐
We want to empower as many income investors as possible. The REITsavvy ยท S-REITs Pulse ยท May 2026.pdf is completely free to download and share with anyone who wants to stay on top of the Singapore market.
๐ Head over to the official https://reitsavvy.com/ Page to grab your copy, follow the page for future monthly updates, and share it with your network!
Letโs keep growing our wealth and building sustainable income streams together.
โ
#SingaporeREITs #MarketInsights #REITsavvy #REITInvesting
#PassiveIncome #FinancialFreedom #SmartInvesting
#DividendIncome #RetirementPlanning
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โ
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$FSTAS351020(FSTAS351020.IN)โ โ $LION-PHILLIP S-REIT(CLR.SI)โ โ $CSOP iEdge SREIT ETF US$(SRU.SI)โ โ $CSOP iEdge SREIT ETF S$(SRT.SI)โ โ $UOB AP GRN REIT S$(GRN.SI)โ โ $UOB AP GRN REIT US$(GRE.SI)โ โ $BHG Retail Reit(BMGU.SI)โ โ $CapLand IntCom T(C38U.SI)โ โ $CapLand China T(AU8U.SI)โ โ $Fortune Reit HKD(F25U.SI)โ โ $Frasers Cpt Tr(J69U.SI)โ โ $Lippo Malls Tr(D5IU.SI)โ โ $Mapletree PanAsia Com Tr(N2IU.SI)โ โ $StarhillGbl Reit(P40U.SI)โ โ $IREIT Global(UD1U.SI)โ โ$Keppel Reit(K71U.SI)โ โ $ManulifeReit USD(BTOU.SI)โ โ $OUEREIT(TS0U.SI)โ โ $Suntec Reit(T82U.SI)โ โ $AIMSAMP Cap Reit(O5RU.SI)โ โ $CapitaLand Ascendas REIT(A17U.SI)โ โ $EC World Reit(BWCU.SI)โ โ $ESR-REIT(J91U.SI)โ โ $Frasers L&C Tr(BUOU.SI)โ โ $Frasers L&I Tr AUD(BWQU.SI)โ โ $Keppel DC Reit(AJBU.SI)โ โ $Mapletree Ind Tr(ME8U.SI)โ โ $Mapletree Log Tr(M44U.SI)โ โ $Sabana Reit(M1GU.SI)โ โ $Far East HTrust(Q5T.SI)โ โ $CDL HTrust(J85.SI)โ โ $CapLand Ascott T(HMN.SI)โ โ $Frasers HTrust(ACV.SI)โ โ $First Reit(AW9U.SI)โ โ $ParkwayLife Reit(C2PU.SI)โ โ $Dasin Retail Tr(CEDU.SI)โ โ $NikkoAM-STC Asia REIT(CFA.SI)โ โ $Sasseur Reit(CRPU.SI)โ โ $Nikko AM STI ETF(G3B.SI)โ โ $STI ETF(ES3.SI)โ โ$CapLand India T(CY6U.SI)โ โ โ$Acro HTrust USD(XZL.SI)โ โ $Keppel Reit(K71U.SI)โ โ $Prime US ReitUSD(OXMU.SI)โ โ $Lendlease Reit(JYEU.SI)โ โ $NikkoAM-STC Asia REIT(CFA.SI)โ โ $ELITE UK REIT(MXNU.SI)โ โ $UtdHampshReitUSD(ODBU.SI)โ โ $STONEWEG EUROPEAN REIT(CWBU.SI)โ $Cromwell Reit SGD(CWCU.SI)โ โ $CapitaLandInvest(9CI.SI)โ โ $Daiwa Hse Log Tr(DHLU.SI)โ โ $DigiCore Reit USD(DCRU.SI)โ โ $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)
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5
I provide high-conviction trade ideas powered by my proprietary General X system, helping clients capture strong market trends while effectively managing downside risk.
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.
โโโโโโโโโโโโโโโโโโ
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.
๐น Potential monetisation of ofi
๐น Further divestments
๐น Continued capital returns through dividends and buybacks
๐น Market valuation still trades at a significant discount to intrinsic value
The sum-of-parts story is still unfolding.
โโโโโโโโโโโโโโโโโโ
๐ฏ Analyst Target Price
โข Maybank Research: S$1.60
โโโโโโโโโโโโโโโโโโ
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.
โโโโโโโโโโโโโโโโโโ
๐ 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
๐ฏ S$1.50
๐ฏ S$1.69
โโโโโโโโโโโโโโโโโโ
๐ My Trade Action
Initiated position on 23 & 24 Apr
Entry: S$1.02 โ S$1.03
Added position on 11 & 12 Jun
Entry: S$1.26 โ S$1.32
โ ๏ธ 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
๐If you find this analysis useful, I share weekly trading ideas and special trade setups via my WhatsApp community announcement group (one-way, no spam).
๐ To join, simply message โInvestSGโ on WhatsApp: https://wa.me/6590908871
Joining is free.
11
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 systemโone of the world's most advanced machines, with the latest High-NA model costing over โฌ450 million.
Without advanced lithography:
โ No cutting-edge AI chips
โ No next-generation AI data centres
โ 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.
๐นWhere 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 equipmentโcreating long-term opportunities for companies across the semiconductor equipment supply chain, including Frencken.
Latest Analysts' Target Prices (MayโJuly 2026)
RHB: BUY โ S$3.57
Maybank: BUY โ S$3.40
UOB Kay Hian: BUY โ S$3.30
CGS International: ADD โ 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 chipsโthey'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).
๐ To join, simply WhatsApp "InvestSG" to:
https://wa.me/6590908871
Joining is free.
8
Singapore's construction sector is entering a multi-year growth cycle, driven by major projects such as HDB BTO developments, Changi Airport Terminal 5, and Tuas Mega Port. $Hong Leong Asia(H22.SI) is well positioned to benefit, supported by multiple earnings catalysts and improving fundamentals.
Why Hong Leong Asia?
โ 1. Multiple Earnings Growth Drivers
โข Acquired Yong Tai Loong for S$90.7 million at an attractive 4.3โ4.5x P/E.
โข Acquisition expected to contribute around 11% PATMI growth, with 18.6% pro-forma EPS accretion.
โข Additional upside from its 20% stake in $BRC Asia(BEC.SI) and the planned Hong Kong IPO of Guangxi Yuchai Marine & Genset Power.
โ 2. Attractive Valuation
โข Trading at around 11.5x 2026 ex-cash P/E.
โข Forecast ROE of 12.4%.
โข Analysts have upgraded earnings forecasts following the YTL acquisition.
โ 3. Riding Singapore's Construction Supercycle
โข BRC Asia reported 30% revenue growth to S$931 million and 24% net profit growth to S$52 million.
โข S$1.76 billion order book provides up to 5 years of revenue visibility.
โข Yong Tai Loong is one of only five HDB-approved household shelter suppliers, giving the group a strong position in Singapore's housing and infrastructure supply chain.
๐ฏ Analysts' Target Price
DBS Research: S$4.28
UOB Kay Hian: S$4.90
๐ My Technical View
The share price reached a 52-week high of S$3.88 on 14 May before entering a downtrend, eventually finding support around S$2.60. After a false breakdown on 14 July, the stock rebounded quickly, with momentum strengthening over the past four trading sessions. My General X system generated a Buy signal on Thu.
My Technical Targets:
๐ฏ S$3.13
๐ฏ S$3.42
๐ฏ S$3.88
๐ My Trade Action
I initiated first entry at 2.84 on Thu, will add next week if the price go higher.
โ ๏ธ Risk Management: Exit if the price closes below 20 EMA for 2 consecutive days.
For reference only.
Please refer to disclaimer: https://tinyurl.com/alex-disclaimer
โ
๐If you find this analysis useful, I share weekly trading
ideas and special trade setups via my WhatsApp community announcement group
(one-way, no spam).
๐
To join, simply message โInvestSGโ on WhatsApp: https://wa.me/6590908871
Joining is free.
13
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