𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *17/9/25*

STI: 4337 (-1) | HSI: 26438 (-8) | Dow: 45758 (-125) | S&P: 6607 (-8) | Nasdaq: 22334 (-14)

*Fed-Head or Dead-End?*

Now, this is “dangerous” imo. 😂.The S&P 500 closed lower after hitting a fresh intraday record last night  as investors looked ahead to a widely expected Federal Reserve rate cut due Wednesday.

Both the S&P 500 and NASDAQ Composite notched all-time closing highs on Monday, with the former finishing above 6,600 for the first time, with Fed rate cut expectations driving much of this rally.

US retail sales rose at a faster-than-anticipated pace in August, spurred on partially by demand at e-commerce retailers, although the prospect of a weakening labor market remains heading into the final weeks of the third quarter. Month-on-month, retail sales in the world’s largest economy rose by 0.6%, matching July’s upwardly-revised growth and topping economists’ expectations for an uptick of 0.2%, according to data from the Commerce Department on Tuesday. Notably, retail sales consist mostly of goods and are not adjusted for inflation.

The Federal Reserve kicks off its two-day meeting Tuesday, and is widely expected to decide to cut interest rates by 25 basis points on Wednesday. The rate decision will be accompanied by a fresh set of projections including on the rate cut outlook ahead, with many investors betting on three rate cuts this year.

Supporting risk appetite was a fresh wave of optimism surrounding the ongoing U.S.-China trade negotiations in Madrid.

President Donald Trump posted on Monday that the “big Trade Meeting in Europe … has gone VERY WELL!”. He added that “a deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save. They will be very happy!” referring to TikTok.

Treasury Secretary Scott Bessent confirmed that a framework deal was reached for TikTok’s U.S. ownership, with a call between Trump and Chinese President Xi Jinping slated for Friday to finalize details.

Back to my point about “dangerous”. Too many potential positive news on a weakening economy with the market at highs. Point 1: “potential”. Read not confirmed. Point 2: weakening economy. Fundamentals still matter. point 3: market at highs. Regardless uptrend or downtrend, markets don’t move linearly.

Stay nimble and cautious.

*What’s brewing today!*

The market was cautious yesterday. Likely to stay that way today, ahead of the FOMC rate decision and the post press conference. Much anticipated is a 25 bps rate cut, but what Powell said in his speech would likely be more important for investors to chart the way forward.

Nothing much pop up on my radar yesterday except for *SIA Engg*. Not a retail popular stock, but one that was in my watchlist (tbf, on the lower rung though). Saw a breakout of a 2-month consolidation range yesterday. SDAV is relatively low. So vested investors may need some holding power.

Disclaimer: Not vested

Also look out for the new “old kid” on the block, *Skylink Holdings* today. Skylink will make its Catalist debut today after a RTO of coal trader, Sincap. Skylink is one of the largest commercial vehicles leasing companies in Singapore. With a fleet of over 1,200 commercial vehicles and seven engineering workshop units across Singapore, Skylink provides a comprehensive range of services including mobility, financing and maintenance solutions to meet diverse customer needs. Through its integrated ecosystem, the Group delivers differentiated value and quality customer service throughout the lifecycle of a vehicle.

===

*Happening Today*

SG XD:
PC Partner: HKD 0.25

JP: Trade Balance (Aug)

SG: Non-Oil Exports / Unemployment Rate

EU: ECB President Lagarde Speaks / Core CPI / CPI

US: Building Permits / Housing Starts / Crude Oil Inventories / FOMC decision

===

*US Stocks news*

— *Ford* announced plans to cut up to 1,000 jobs in electric car production in the German city of Cologne due to weak demand.

— *Google* said on Tuesday it would make £5 billion ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump’s state visit to the country, which is expected to feature a flurry of business deals and partnerships.

— *Dave & Buster’s Entertainment* dropped sharply after the chain of restaurants and arcades posted disappointing quarterly earnings.

— *Rocket Lab* fell after the aerospace manufacturer announced it had entered into a stock purchase agreement worth up to $750 million, while health insurer

— *Oscar Health* dropped after announcing a $350 million private offering of senior convertible notes.

— *Oracle* rose after CBS News reported that the cloud computing giant is among a consortium of firms that would enable TikTok to continue operations in the U.S. if a Sino-U.S. framework deal was reached.

===

*SG Stocks news*

— *ComfortDelGro* through KBH Metro Partner JV prequalifies to bid for operation and maintenance of Copenhagen Metro

— *China Environmental Resources* is expected that the Group ’s consolidated loss for the year ended 30 June 2025 will decrease by not less than 35% compared to the loss for the corresponding year in 2024 of approximately HK$72.1 million.

— *IPS Securex* wins $16.9 million contract from a government agency to design, supply and install security systems

Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

Start your investment journey here:

https://tinyurl.com/TTP-dan

Cheers!

Dan

Disclaimer: https://tinyurl.com/dan-disclaimer

#dailyupdate #tradeSGX #poems #danccs

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *16/9/25*

STI: 4338 (-6) | HSI: 26446 (+58) | Dow: 45884 (+50) | S&P: 6615 (+34) | Nasdaq: 22348 (+207)

*Fed Bedtime Story: Cuts, Confidence and a Market That Won’t Sleep*

Wow! What a feat! The S&P 500 pushed through 6,600 for the first time last night, powered by Tesla’s rebound and Nvidia shaking off its China headache. All three majors are sitting at record highs, but the real show this week is the Fed.

Markets are almost fully pricing in a 25bp cut on Wednesday (about a 95% chance), with a slim chance Powell goes bigger. Soft jobs data and a weak NY Empire manufacturing print give the Fed cover, but sticky inflation is still lurking thanks to higher housing and food costs.

Tesla is back in the green for the year, Nvidia limited its losses, and traders are now watching Powell’s press conference for clues on how far and fast cuts could go. Oh, and in the background, the US and China may have found a way to keep TikTok dancing on American servers.

Looks like many things are brewing at the same time.

*What’s brewing today!*

Tonight is the start of a 2-day FOMC meeting! We will have the Fed rate decision tomorrow night. Consensus is a 25 bps rate cut. With reference to the research article below (under SGX Research Vault), *REITs* have been performing well ahead of the anticipated rate cut, achieving double digit total return in Q3. Now the golden question is, will we see near term “profit taking” on REITs, or would REITs run further up since most are still “quite low” in terms of valuations. Regardless, if we were to keep to the narrative of 3 rate cuts this year, chances that REITs would trend higher is quite high, in my opinion. What do you think?

Last week, we saw spin-to-list news from LHN and Centurion. We also know that *Boustead* is also considering the “same route”, if past news were anything to go by. Yesterday, Boustead broke through its 10-year high of $1.72 to surge 12 cents (7%). Technically speaking, a very nice breakout with higher SDAV. More room to climb in anticipation? Good to put in your watchlist.

===

*Happening Today*

SG XD:
Bund Center: SGD 0.036

OUE: SGD 0.01

Pacific Century: SGD 0.022

TCIL HK$: HKD 0.02

PetroCN HK SDR 1to2: HKD 0.42955

Vibrant Group: SGD 0.004

EU: Industrial production

US: Retail sales / Industrial production

===

*SGX Research Vault*

⭐ *Stocks Surpassing Turnover Thresholds in 3Q25*

https://www.sgx.com/research-education/market-updates/20250915-stocks-surpassing-turnover-thresholds-3q25

⭐ *REIT Watch - S-REITs deliver double-digit total return in Q3 as investors await rate cuts*

https://www.sgx.com/research-education/market-updates/20250915-reit-watch-s-reits-deliver-double-digit-total-return-q3

*Kingsmen Creatives Chair & Deputy Chair Build Stakes*

https://www.sgx.com/research-education/market-updates/20250915-kingsmen-creatives-chair-deputy-chair-build-stakes

===

*US Stocks news*

— *Nvidia* cut losses to end flat as investors bought the dip in chipmaker even as the China’s market regulator said it will extend its antitrust probe into the U.S. chipmaker after finding preliminary evidence the company breached the country’s competition law.

— *CoreWeave* jumped after unveiling that it had won an at least $6.3B order from investor and supplier Nvidia.

— *Oracle* surged after the company lifted its cloud infrastructure revenue forecast and announced new large-scale AI contracts, helping drive a rally across technology stocks.

— *Tesla* soared after CEO Elon Musk purchased over 2.5 million shares in the electric vehicle manufacturer, according to a filing with the US Securities & Exchange Commission. The latest rally has seen stock surge 85% from its April 4 low, turning positive for the year.

*After-hours movers:*

— *Dave & Buster’s Entertainment* fell 15% after it reported second quarter EPS that trailed consensus estimates.

— *WEBTOON Entertainment* rose 58% after it announced that it and Disney entered into a non-binding term sheet for the development of an all-new digital comics platform that will feature current comic book runs and include decades of past comics from across Disney’s portfolio.

— *Chipotle Mexican Grill* rose 2% after it announced that its board of directors authorized an additional $500 million for share repurchases on September 3, 2025.

— *Rocket Lab USA* fell 5% after it entered into a sales agreement with multiple investment banks to sell up to $750 million worth of common stock through an at-the-market offering program.

===

*SG Stocks news*

— *ST Engineering* doubles MRO capacity for CFM56 and LEAP engines to over 300 annually by 2027 with new facility opening

— *SIA Group’s* group passenger traffic increases 5.4% y-o-y for August; cargo load demand easing

https://www.theedgesingapore.com/news/aviation-engineering/sia-groups-group-passenger-traffic-increases-54-y-o-y-august-cargo-load

— *Sunright* expects to report a reduced loss in second half of FY2025, resulting in a full year loss. This is mainly due to uneven recovery of our customers’ orders in the automotive and computing markets.

— *XMH Holdings* to book gain of $10 million selling 14.8% stake in subsidiary to Mitsubishi unit

— *Meta Health* to be paid $136,831.82 following breach of settlement agreement by former top executives of two subsidiaries

Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

Start your investment journey here:

https://tinyurl.com/TTP-dan

Cheers!

Dan

Disclaimer: https://tinyurl.com/dan-disclaimer

#dailyupdate #tradeSGX #poems #danccs

🚨 𝐒𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠’𝐬 𝐁𝐫𝐞𝐰𝐢𝐧𝐠 𝐢𝐧 𝐇𝐊 𝐓𝐞𝐜𝐡…
>> https://youtu.be/WKEIooKXOuw

I just dropped a new video revealing 4 HK stocks listed on SGX that quietly triggered bullish signals on my 1GT (Pro) Indicator.

Big names. Big potential. And yes — upside could be coming. I also talk about how you can actually buy them as SDR on SGX. 📈

Some lesser-known Singapore stocks are quietly flashing bullish signals right now —

and I’ve broken down the charts using my 1GT Strategy.📈
>> https://youtu.be/7V-gkCzw7W8

Don’t miss this if you want to catch the next wave early. 😎

$Valuetronics(BN2.SI) With prices breaking the 0.800 resistance now turned support prices swiftly pushed toward the 0.900 resistance.

If this 0.900 level gives way, next phrase toward 1.00, all moving averages continue to point up right now.

Not 1, not 2, not 3, but 5 1GT Bullish signal since may still playing out, could we see the rally continue?

@sgsiasorg Calling all NetLink NBN Trust unitholders!

Join us for an exclusive briefing hosted by SIAS with NetLink’s management team. Gain key insights into FY25 highlights and discover what’s ahead for FY26. Don’t miss this opportunity to get your questions answered and stay informed.

Date: 9 July, Wednesday

Time: 12.00pm - 1.00pm SGT
Location: SIAS Training Room

Register now: https://bit.ly/3HK3V2r

#NetLinkNBNTrust #SIAS #InvestorBriefing

@sgsiasorg Calling all NetLink NBN Trust unitholders!

Join us for an exclusive briefing hosted by SIAS with NetLink’s management team. Gain key insights into FY25 highlights and discover what’s ahead for FY26. Don’t miss this opportunity to get your questions answered and stay informed.

Date: 9 July, Wednesday

Time: 12.00pm - 1.00pm SGT
Location: SIAS Training Room

Register now: https://bit.ly/3HK3V2r

#NetLinkNBNTrust #SIAS #InvestorBriefing

Struggling with investing? You’re not alone!

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https://youtu.be/E1d2feX0tLY
$DBS(D05.SI) $UOL(U14.SI) $CityDev(C09.SI)

卖出胜捷企业和泡泡玛特SDR ：已进入“左侧交易”趋势，选择止损离场，等待下一次入场机会。
（个人观点，仅供参考，不构成投资建议）
$Centurion(OU8.SI) $POP MART HK SDR 20to1(HPPD.SI)

Sold Centurion and POPMART SDR: The stock has entered a “left-side trading” trend, so I cut losses and will wait for the next entry opportunity.
(Personal opinion only, not investment advice.)
$Centurion(OU8.SI) $POP MART HK SDR 20to1(HPPD.SI)

This week’s FOMC meeting is widely expected to result in a 25 basis point rate cut, marking the first such move in 2025 as the Federal Reserve responds to a softening US labor market and persistently moderate inflation. Market consensus places a greater than 90% probability on this outcome, with a small minority of analysts considering the chance of a larger half-point cut.

$CSOP iEdge SREIT ETF S$(SRT.SI) $CSOP iEdge SREIT ETF US$(SRU.SI) $LION-PHILLIP S-REIT(CLR.SI) 

FOMC Expectations and Rationale

• Most analysts and market participants expect the Federal Reserve to cut its benchmark interest rate by 0.25%, lowering the federal funds rate to the 4.00–4.25% range.


• The cut is in response to slowing job growth, rising unemployment (now around 4.3%), and inflation that has moderated but remains above the 2% target.


• The "dot plot" and economic projections to be released with the meeting will provide additional guidance on the pace of future cuts through the end of 2025.

Impact on Singapore REITs

• A Fed rate cut directly lowers global borrowing costs and acts as a strong positive catalyst for Singapore REITs (S-REITs) by reducing their financing expenses and widening their yield spread over risk-free rates.


• Lower rates make REIT dividends more attractive relative to alternatives like government bonds, boosting fund flows and valuations in the sector.


• Year-to-date, S-REITs with predominantly Singapore portfolios have already seen double-digit total returns, and sector analysts maintain OVERWEIGHT stances, especially on resilient, high-yielding blue-chip names.


• As funding costs decline, S-REITs are expected to deliver stronger distributable income and improve their distribution per unit (DPU).


• Historical patterns show that periods following major Fed easing cycles have seen S-REITs and other global REITs outperform due to increased demand for yield assets and more favorable financing conditions.

Key Takeaways

• The anticipated FOMC rate cut this week is set to usher in a more favorable environment for S-REITs, supporting valuations, income growth, and investor appetite for yield assets.


• Analysts recommend focusing on S-REITs with strong sponsors and solid fundamentals, particularly those in defensive sub-sectors such as suburban retail and commercial property.

🪙 Frasers Hospitality Trust (YTD: +21.37% | 5D: +0.00%) $Frasers HTrust(ACV.SI)

‌

12 Sept – Trading suspended from 9.00 a.m. following the proposed privatisation of Frasers Hospitality Trust via a Trust Scheme of Arrangement.

‌

• Event Dates
  Ex Date: 19 Sept 2025
  Record Date: 22 Sept 2025
  Pay Date: 30 Sept 2025

‌

• Offer Details
  Type: Cash
  Offer Price: S$0.71 per unit

‌

See detailed announcements here:
https://reitsavvy.com/insights/s-reits-wee...

Technical Analysis (as of 13 Sep 2025)
The chart shows a steady recovery in $CapLand Ascott T(HMN.SI)price since April 2025, forming a clear horizontal resistance band slightly above the S$0.90 level. Multiple attempts to break above this resistance (marked by circles) have occurred in 2024 and 2025, making S$0.91–0.92 a key breakout zone. The price is currently testing this resistance with higher volume, and a clear breakout could indicate further bullish momentum.

The 20, 40-day EMA, and 50-day SMAs are stacked bullishly above the 200-day MA, confirming a short-term uptrend.

Price has consistently found support near S$0.86 (major historical support zone).

The current structure suggests increasing accumulation and reduced volatility. Watch for a breakout with a decisive close above S$0.92 for confirmation of a trend reversal.

If unsuccessful, the S$0.86–0.87 levels likely remain as strong support.

‌

CapitaLand Ascott Trust: Overview
Largest Asia Pacific Lodging Trust: Asset value of S$8.8 billion as of June 2025.

• Portfolio: 101 properties, 18,000+ units across 45 cities and 16 countries (Asia-Pac, Europe, US). Portfolio includes serviced residences, rental housing, student accommodation, and hospitality.


• Brands: Properties managed under Ascott, Somerset, Quest, Citadines and other regional brands.


• Income Profile: 66% of gross profit from stable income sources, 34% from growth.


• Index Inclusion: Constituent of the FTSE EPRA Nareit Global Real Estate Index Series.

Key Financial Ratio (Extract from https://reitsavvy.com/)

• P/NAV = 0.82


• DPU Yield = 6.6%


• Gearing Ratio = 39.6%


• ICR = 3.1x


• GSTI Score = 112.1

Investment Consideration
CLAS is supported by stable recurring income and a well-diversified asset base, with ongoing asset enhancements and divestment gains helping to maintain its payout policy despite a moderating global growth outlook. Bullish technical signals point to a possible breakout above the critical S$0.92 resistance, which could trigger a momentum-led rally if confirmed by volume