𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *5/3/26*

.

STI: 4812 (-104) | HSI: 25249 (-518) | Dow: 48739 (+238) | S&P: 6869 (+52) | Nasdaq: 22807 (+290)

.

*US Markets Overnight!*

.

*Optimism Up Slightly, Uncertainty Still There*

.

Risk came back on the menu Wednesday.

After a few sessions of geopolitical whiplash, markets decided the worst case scenario in the Middle East was not immediately materialising. The Nasdaq led the charge, up 1.3%, the S&P 500 gained 0.8%, and the Dow added 0.5%, snapping a three day losing streak. Not bad for a market that was down 1,250 points at one stage earlier in the week.

.

*Oil* remains the swing vote. WTI crude settled at 75 dollars a barrel, up 0.8%, after a sharp two day surge. With threats around the Strait of Hormuz and talk of US naval escorts, energy risk premium is alive and well. Higher oil means higher inflation risk, and that keeps the Fed calculus tricky. The 10 year Treasury yield ticked up to 4.09%, edging back toward last week’s levels.

.

On the equity side, growth did what growth does when nerves ease. *Amazon* jumped nearly 4%, leading the Dow. *Tesla* rose 3.4%, and *Nvidia* added 1.6%, keeping the AI trade humming.

Defense and data name *Palantir Technologies* climbed another 4%, extending a strong week, hardly surprising given the geopolitical backdrop.

.

Earnings movers brought the spice. *Broadcom* edged higher ahead of results. *Moderna* ripped 16% after settling a 2.25 billion dollar COVID vaccine patent dispute, litigation risk off the table, cash certainty back on it. Post earnings, *Ross Stores* popped 8%, *Box* surged 10%, while *GitLab* slipped 6%. Stock pickers had plenty to chew on.

Seems like the market is repricing from panic to probability. The conflict is still a live wire, oil is the pressure gauge, and yields are creeping. But for now, dip buyers showed up, volatility cooled, and risk assets reclaimed their footing.

Not a resolution, just a reminder, markets hate uncertainty, but they love surviving it.

.

*What’s Brewing Today!*

.

Frankly, nothing much to write about. Yesterday, DFI Retail Group* (highlighted in my daily yesterday) was the only gainer among the 30 STI component stocks due to a strong set of earnings released last night. In the Singapore Next 50 Index, only *BRC Asia*, *Parkway Life REIT* and *Sheng Siong* saw green.

.

Consistent with my daily update on Monday, I feel that the correction in this post-Iran War  is likely to last a few days. Long term value investors may take the opportunities to accumulate some good blue chips which have previously been too high for entry. For opportunist trading opportunities, I would still encourage caution. Market remains choppy. Probably Friday, or even next Monday would be a better entry time, depending on what transpired or is expected to transpire this weekend. A market good for investors with holding powers.

.

Had shared more of my thoughts on the market LIVE on MoneyFM89.3 yesterday with Sean Cheong, where we talked about:

— STI’s broad weakness across sectors

— The sharp drop in KSOPI

— Having Oil and Gold in my playbook

— My little investment suggestion: “Hedge a little, Collect dividends, Back the strong players”

Listen to the recorded podcast here:

https://omny.fm/shows/moneyfm-evening-show/market-view-how-vulnerable-is-the-sti-to-the-middle-east-conflict

.

===

*Happening Today*

SG XD:

— Acro HTrust USD: USD 0.00418

— IREIT Global: EUR 0.0027 + CAPITAL DISTRIBUTION : EUR 0.0011

— Lum Chang: SGD 0.005 + SGD 0.015 SPECIAL

— ST Group Food: AUD 0.0045

SG:

— Retail Sales (YoY) (Jan)

US:

— Trade Balance (Jan) / Initial Jobless Claims / Unit Labor Costs (QoQ) (Q4) / Nonfarm Productivity (QoQ) (Q4)

.

===

*SG Stock news*

— *AIMS APAC REIT* sells 8 Senoko South Road to tenant Sin Hwa Dee for $15 mil

— *Marco Polo Marine* raises $21 mil via placement of shares at 14.5 cents each

— *LHN Group* starts FY2026 with strong occupancy across co-living, industrial, and commercial properties, expanded carpark portfolio, and new service offerings in Facilities Management and Energy.

— *Uni-Asia* signed its first newbuild order in over a decade for a 40,000 dwt eco-friendly bulk carrier with dual-fuel readiness, set for delivery in 2H2028 and funded via internal cash and debt.

— Saeed Investment raised its stake in *Atlantic Navigation* from 50.2% to 75.1% via a secondary market purchase, reflecting continued confidence in the Group despite Middle East turmoil, while Mr Wong remains CEO.

.

Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

.

Start your investment journey here:

https://tinyurl.com/gotopoems

.

Cheers!

Dan

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

.

#dailyupdate #tradeSGX #poems #danccs

War has a way of reminding markets what they often forget.

When the Middle East conflict erupted again over the weekend, markets did what they usually do, react first, think later. Oil spiked. Risk sentiment wobbled. Headlines took over.

But stepping back, following my previous article on ASEAN, I found myself reflecting on something deeper.

In a world where geopolitical shocks are becoming the norm, where does truly resilient growth come from?

The recent SGX ETF Perspectives piece, Spotlight on the Insiders, offered a timely lens. I’d like to thank SGX and Paul Ho, Group Head of Asia Ex-Japan Equities at UOB Asset Management, for sharing these insights. It highlighted more than a dividend strategy - it revealed a different kind of growth engine.

ASEAN’s strength is increasingly driven from within.

• Domestic consumption

• Urbanisation

• A young workforce

These are forces rooted in people, not politics. Less dependent on trade routes, less hostage to conflict, more anchored in everyday economic activity.

And in times like this, that matters.

What stood out was how ASEAN’s income story is built not on hype sectors, but on the real economy. Banks enabling expansion. Telecoms connecting communities. Utilities powering cities. Dividends backed by daily life, not market narratives.

The latest tensions may reshape global sentiment. But they also reinforce a quiet truth.

Resilience rarely comes from what is loudest. It often comes from what is most grounded.

When uncertainty rises, the instinct is to hold more. But perhaps the wiser move is to hold differently.

Diversification is not about owning more. It is about owning different.

Read the ETF Perspectives: Spotlight on the Insiders here:

https://api2.sgx.com/sites/default/files/2026-02/SGX%20ETF%20Perspectives%20-%20Spotlight%20on%20the%20Insiders%20%28UOB%20AM%20Ping%20An%20ASEAN%20Dividend%20ETF%20Edition%29.pdf

Previous article on ASEAN:

https://tinyurl.com/ASEANDividends

#ASEAN #Investment #UOBAM #tradeSGX #danccs

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *4/3/26*

.

STI: 4916 (+25) | HSI: 25768 (-291) | Dow: 48501 (-403) | S&P: 6816 (-65) | Nasdaq: 22516 (-232)

.

*US Markets Overnight!*

.

*Missiles and Mispricing*

.

Another “ang ang” day on Wall Street. US equities had a proper wobble Tuesday, then found their footing. The Nasdaq fell 1.0%, the S&P 500 dropped 0.9%, and the Dow slid 0.8%, shedding about 400 points. That looks ugly, until you remember the Dow was down more than 1,250 points intraday. The bounce came after President Trump said the US Navy would escort tankers through the Strait of Hormuz if needed. Meaning, escalation risk is real, but Washington is signaling it will backstop oil flows.

.

The market message was fairly clear, risk premium up, panic not quite. As Catalyst’s David Miller pointed out, if investors were pricing in a lasting structural shock, we would be staring at 5% type declines, not a late day recovery. Volatility feels more like duration repricing than doomsday.

.

Oil was the main character. WTI settled up 3.6% at 73.80 dollars after paring earlier gains. It had spiked as much as 8% Monday on headlines around a potential Hormuz closure. Energy stocks such as *Exxon, Chevron, Marathon Petroleum, Occidental and Phillips 66* were mixed after Monday’s surge, suggesting traders are rotating tactically rather than chasing.

Defense names cooled off after a strong run. *Lockheed Martin, RTX and Northrop Grumman* eased, while Palantir added 1.4% on top of yesterday’s 5.8% pop, still riding the government spend narrative.

.

Cyclicals tied to travel, *Delta, United, American Airlines, plus cruise lines Norwegian, Carnival and Royal Caribbean*, were mixed after yesterday’s drop. Not exactly a vote of confidence on geopolitical calm.

.

In big tech, *Nvidia* gave back 1.3% after its rebound rally. The rest of the Magnificent Seven were split, no clear leadership, which tells you this was macro driven rather than stock specific.

.

On the earnings front, *Target* was the standout, up nearly 7% on stronger full year guidance, a reminder that fundamentals still matter. *Plug Power* jumped 22%, *Best Buy* gained 7%, while *MongoDB* cratered 22% post earnings. Dispersion is alive and well.

.

Well, geopolitics shook the tree, but didn’t break the branch. Investors are recalibrating for a conflict that may last weeks, not days. Until the oil channel is truly threatened, this still looks like a volatility event, not a regime change.

.

*What’s Brewing Today!*

.

With geopolitical tension still high in the Middle East, global markets, including SG, are still facing much uncertainties. As mentioned on Monday and yesterday, let the situation settle down first, let the mcalls and the stop loss settle down first. Yesterday, *DFI Retail* was the only notable one releasing earnings. Just wondering if it can defray the pressure from the macro situation. Stay tight, stay cautious.
Short term traders, trade with caution. Long term value investors, can consider slowly accumulating along the way.

.

Also, for vested investors of *Lendlease REIT*, take note of the XR of 119 for every 1000 units today.

.

===

*SGX Research Vault*

.

*10 in 10 with StarHub – A Structural Reset is Underway*

https://www.sgx.com/research-education/market-dialogues/20260303-10-10-starhub-structural-reset-underway

.

===

*Happening Today*

SG XD:

— Aspial Lifestyle: SGD 0.008

— Lendlease Reit RIGHTS : OFFER OF 119 FOR 1000

— Stoneweg EUTrust EUR: EUR 0.06837

CN:

— Manufacturing PMI (Feb) / Chinese Composite PMI (Feb) / Non-Manufacturing PMI (Feb)

ADP Nonfarm Employment Change (Feb)

US:

— S&P Global Services PMI (Feb) / S&P Global Composite PMI (Feb) / ISM Non-Manufacturing Prices (Feb) / ISM Non-Manufacturing PMI (Feb) / ISM Non-Manufacturing Employment (Feb) /

Crude Oil Inventories / Beige Book

.

===

*SG Stock news*

— *DFI Retail Group* reported 2025 underlying profit at the top end of guidance at US$270 million, up 35 percent year on year, with reported profit of US$235 million, strong Health and Beauty growth, improved Convenience performance, major divestments strengthening its net cash position, and approximately US$740 million returned to shareholders including a US$600 million special dividend and a final dividend of US¢10.50 per share.

https://links.sgx.com/FileOpen/SGX.ashx?App=Announcement&FileID=877262

— *Wilmar’s* Indonesian unit head of legal, Muhammad Syafei, was sentenced by the Central Jakarta District Court to six years’ imprisonment and a fine for bribing judges, with money laundering charges dismissed.

— *Sen Yue Holdings* has received a voluntary unconditional general offer by Cenvios Holdings, through ZICO Capital, to acquire all remaining shares not already owned, at S$0.008 per share, payable in cash or equivalent new Cenvios shares, with the offer document issued electronically and acceptances closing at 5.30 pm on 31 March 2026.

.

Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

.

Start your investment journey here:

https://tinyurl.com/gotopoems

.

Cheers!

Dan

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

.

#dailyupdate #tradeSGX #poems #danccs

𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐡𝐚𝐯𝐞 𝐛𝐞𝐞𝐧 𝐬𝐡𝐚𝐤𝐲 𝐭𝐡𝐞 𝐩𝐚𝐬𝐭 𝐟𝐞𝐰 𝐝𝐚𝐲𝐬… 𝐛𝐮𝐭 𝐭𝐡𝐢𝐬 𝐒𝐆 𝐬𝐭𝐨𝐜𝐤 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐬𝐭𝐫𝐨𝐧𝐠. 😎
>> https://www.youtube.com/watch?v=bNlvRfWMCp8

In today’s 𝐎𝐧𝐞 𝐆𝐨𝐨𝐝 𝐓𝐫𝐚𝐝𝐞 𝐥𝐢𝐯𝐞 𝐬𝐡𝐨𝐰, I analysed YZJ Shipbuilding (BS6) and why it could still have more upside despite the market weakness.

Jamie from Macquarie also shared how traders can increase their ROI when the trend moves in their favour. $YZJ Shipbldg SGD(BS6.SI)

Have you checked out our 𝐌𝐚𝐫 𝟐𝟎𝟐𝟔 𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫 for our Top Stock Picks for the US and SG Market? 👆🏻👆🏻

You can check out the online version here >> https://joeychoy.beehiiv.com/p/march-2026-...

𝐃𝐁𝐒, 𝐎𝐂𝐁𝐂 & 𝐔𝐎𝐁 𝐫𝐞𝐩𝐨𝐫𝐭𝐞𝐝 𝐞𝐚𝐫𝐧𝐢𝐧𝐠𝐬… $DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI)

Profits dipped.
Margins under pressure.

𝐁𝐮𝐭 𝐡𝐞𝐫𝐞’𝐬 𝐭𝐡𝐞 𝐫𝐞𝐚𝐥 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧: 𝐀𝐫𝐞 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐛𝐚𝐧𝐤𝐬 𝐛𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐝𝐨𝐰𝐧… 𝐨𝐫 𝐪𝐮𝐢𝐞𝐭𝐥𝐲 𝐬𝐞𝐭𝐭𝐢𝐧𝐠 𝐮𝐩 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐧𝐞𝐱𝐭 𝐦𝐨𝐯𝐞?
>> https://youtu.be/ZlZixIR8404

I just analyzed all 3 charts using my 1GT strategy. You’ll want to see what the charts are revealing 👀

@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!

Many people find themselves stuck buying high, selling low, or not investing at all due to fear or past losses. If this sounds familiar, this session is for YOU.

Led by a seasoned expert with over 30 years of experience advising top institutional investors, this session offers practical tools to help you take control of your financial future.

Don’t miss out, your journey to financial independence starts here!

Sign up here: http://bit.ly/404jOHm

https://www.youtube.com/watch?v=ibuq1VEzlxg
$DBS(D05.SI) $UOB(U11.SI) $OCBC Bank(O39.SI) $ST Engineering(S63.SI)

https://www.youtube.com/watch?v=WsnHNZknHRM
$DBS(D05.SI) $SIA(C6L.SI) $CNMC Goldmine(5TP.SI) $YZJ Shipbldg SGD(BS6.SI)

https://www.youtube.com/live/6pQM9i4GwRk?s...
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI) $Singtel(Z74.SI)

Overview
UI Boustead REIT is launching its IPO on the SGX Mainboard, seeking to raise up to S$1.02 billion (including the overallotment option), potentially the largest Singapore IPO since 2017. The Offering comprises 677.2 million units at S$0.88 per unit, fully underwritten by a strong syndicate of global banks. Cornerstone investors have committed S$377.7 million, including: Amova Asset Management Asia, JPMorgan Asset Management (Singapore), Amundi (Singapore & Malaysia), and Jumbo Group.

‌

The Sponsor group (UIB Holdings & Boustead Projects) will retain approximately 15–19% stake post-listing (depending on overallotment exercise), demonstrating long-term alignment.

• ‌Retail subscription: 5–10 March 2026


• Trading debut: 12 March 2026

More detail at the link below:

https://reitsavvy.com/insights/ui-boustead...

$Boustead(F9D.SI)

The military strikes in late February and early March 2026 between Iran and Israel have sent ripples through the Singapore market. While our local REITs are thousands of miles away from the kinetic conflict, the financial "aftershocks"—specifically oil price surges and interest rate volatility—are very much a local concern.

‌

For the S-REIT investor, the question isn't just about geography; it’s about resilience. Here is how the sector is holding up and which trusts are best positioned to weather a potential "higher-for-longer" interest rate environment.

‌

1. The Macro Picture: The "Inflation Shock"
The immediate impact of the conflict has been a flight to safety. Crude oil (Brent) has spiked above US$82, raising fears that the inflation cooling we saw in late 2025 might reverse.

• The Fed Factor: If Middle East tensions keep energy prices high, the US      Federal Reserve may delay the rate cuts many were banking on for 2026.


• Borrowing Costs: S-REITs are debt-heavy by nature. A delay in rate cuts means that the "refinancing relief" expected this year might be postponed, putting pressure on Distributions per Unit (DPU).


• Sector Sentiment: Hospitality REITs are facing the most immediate headwinds due to travel uncertainty and rising jet fuel costs, while suburban retail and industrial REITs remain the defensive "anchors" of the sector.

‌

2. The Defense Strategy: Weighted Average Debt Maturity (WADM)
In a volatile rate environment, the most important metric is WADM. This tells us how long a REIT can "hide" from current high market rates before they have to refinance.

‌

We’ve analyzed three REITs with different maturity profiles to see how they stack up:

‌

Short/Mid WADM: Mapletree Logistics Trust (MLT) $Mapletree Log Tr(M44U.SI)

Status: Moderate Exposure
WADM:     ~3.5 years
The      Breakdown: MLT has been proactive, with 84% of its debt hedged      to fixed rates. However, with a shorter WADM and approximately 11% of total debt due for refinancing within the next 12-18 months, MLT is more sensitive to the "new normal" of higher rates. Investors should watch their interest coverage ratio (ICR), which currently sits around 2.9x.

‌

Mid WADM: CapitaLand Integrated Commercial Trust (CICT) $CapLand IntCom T(C38U.SI)

Status: Balanced & Stable
WADM:  ~4.0 years

• The Breakdown: As the "big brother" of S-REITs, CICT has a well-staggered profile. Only about 15% of its retail income is up for renewal annually, and its debt maturity is spread thin until 2027.      


• With 74% fixed-rate debt and a healthy ICR of 3.5x, CICT has the scale to absorb a few quarters of rate volatility without a major DPU shock.

‌

Long-Heavy Maturity: Frasers Centrepoint Trust (FCT) $Frasers Cpt Tr(J69U.SI)
Status: High Resilience
WADM:  ~2.9 years (Nominal) / Top-tier Visibility

• The Breakdown: Don't let the 2.9-year average fool you. FCT’s maturity is      "back-loaded," meaning a massive 75.2% of its borrowings  don't even need to be touched until FY2028 or later. 


• With over 81%of debt already locked in at fixed rates, FCT is effectively insulated from the current Iran-Israel interest rate spike. It is arguably the most "geopolitics-proof" retail play right now.

‌

Summary Table: 2026 Resilience Check

‌

‌

Investor Takeaway
The Iran-Israel conflict has introduced a "risk premium" back into the market. While the Straits Times Index (STI) has seen a tactical pullback, the fundamental health of S-REITs remains intact—provided you pick those with low near-term refinancing needs. The goal for 1H 2026 should be Selectivity. Focus on trusts like FCT or CICT that have already "locked in" their costs, allowing them to collect resilient rental income while the Middle East situation stabilizes.

Kenny Loh is a distinguished MAS Private Wealth Advisor 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.

‌

$Keppel DC Reit(AJBU.SI)

‌

As of February 22, 2026, Keppel DC REIT (SGX: AJBU) is demonstrating robust growth driven by strategic acquisitions and strong organic performance within the data centre sector.

‌

Technical Analysis (TA)
The technical outlook for Keppel DC REIT is currently positive, with the stock showing signs of recovery and momentum.

• Current Price Action: As of February 20, 2026, the unit price closed at $2.27, showing a slight daily increase of 0.44%.


• Trend Analysis: The stock has been on a recovery path since a preferential offering in late 2025, which initially caused some dilution but was well-received, being 168.2% subscribed.

Support & Resistance:
Resistance: Immediate resistance is seen at $2.28 - $2.30. A sustained break above this could see the price testing the consensus analyst target of $2.53.

• Support: Strong support exists at the recent low-point near the $2.24 preferential offering price.


• Momentum Indicators: Analysts have recently upgraded the REIT to "Accumulate" or "Buy" due to its record-high DPU and strong rental reversions.

Target Prices:

• Consensus Target: $2.53.


• UOB Kay Hian: $2.82.


• OCBC Research: $2.78

‌

REIT Overview & Fundamental Highlights
Keppel DC REIT is Asia’s first pure-play data centre REIT, managing a portfolio valued at approximately $6.3 billion across 25 properties in 10 countries.
Record Performance: FY2025 Distribution per Unit (DPU) reached a record high of 10.381 cents, a 9.8% year-on-year increase.

• Rental Reversions: Achieved an exceptional overall portfolio rental reversion of ~45% for FY2025.


• Occupancy & WALE: Portfolio occupancy remains healthy and stable at 95.8%, with a long Weighted Average Lease Expiry (WALE) of 6.7 years.

Balance Sheet:

• Aggregate Leverage: Increased to 35.3% following the acquisition of Tokyo Data Centre 3.


• Cost of Debt: Managed efficiently at 2.8% (4Q25), with expectations to decline toward 2.7% in 2026.


• Key Growth Drivers: Acquisitions of Keppel DC Singapore 7 and 8 and Tokyo Data Centre 1 and 3 were major contributors to the recent DPU jump.

‌

Kenny Loh is a distinguished MAS Private Wealth Advisor 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://kennyloh.net

Yesterday I spoke on Chinese radio Capital 958《财经分析》 about the market reaction to the US–Iran conflict and rising Middle East tensions.
With markets falling sharply, it was important to share some practical advice with listeners on how to navigate the volatility.

🔹When Price Action Starts To Warn
When the war started over the weekend, Monday’s market reaction was still relatively calm.
But by Tuesday, price action started to send a warning signal.
Instead of rising as a typical safe-haven asset, gold suddenly dropped more than 4%. To me, that was a sign that something in the market structure was not right.
At the same time, the US market turned very weak that night.
Then yesterday morning, Asian markets started selling off right from the opening bell.
At that point it became clear that fear was returning to the market.
My General X momentum system flipped to a sell signal, and I immediately told my clients:
Do not rush to buy the dip. Stay patient.
Many investors like to average down when bank stocks pull back. That works in an uptrend. But when momentum turns, catching falling knives can be dangerous.

🔹What Is The Real Risk?
The biggest risk is not Iran.
The real risk is how long this conflict could last.
Wars rarely end quickly. Air strikes alone usually cannot change a regime. Without ground intervention or internal collapse, conflicts often drag on longer than expected.
If the war stretches out, uncertainty will remain high for global markets.
The key variable to watch is the Strait of Hormuz.
About one-fifth of global oil supply passes through this chokepoint.
If Hormuz is disrupted for too long, oil prices could surge sharply, pushing up transport costs, logistics costs and global inflation pressures.
Markets are not afraid of war.
Markets are afraid of uncertainty and duration.

🔹What Should Investors Do Now?
My advice is simple.
1️⃣Take some profits if you already have gains.
If positions such as bank stocks are profitable, consider trimming part of the position.
2️⃣Hold more cash.
Cash gives you flexibility when opportunities appear.
3️⃣Stay patient and wait for stability.
Do not rush to bottom-fish during sharp declines.

🔹Follow The Trend
As experienced traders, we follow the trend.
Right now the trend is moving toward gold, oil and defense stocks.
Investors can consider oil ETF, gold ETF and defence leader.

🔹Final Thought
In times like this, the most important thing is patience.
Sometimes the best trade is no trade.
Hold some cash, stay patient and wait for the market to stabilize.
Because every crisis eventually creates the next opportunity.

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

$Seatrium Ltd(5E2.SI) 

Many of my clients have held this position through the most difficult years. During the restructuring phase, after the 20-for-1 consolidation, I advised them to use S$1.60 (S$0.08 pre-consolidation) as a key anchor level. Temasek recapitalised at that price, and we aligned our averaging strategy accordingly.

Some exited. Many chose to average down near that level with discipline. Today, the fundamentals are beginning to justify that patience.

Seatrium has transitioned from restructuring to earnings recovery. FY2025 results confirm operational stabilisation and margin expansion, supported by long-term order visibility.

Key Highlights (FY2025)

• Net profit: S$324m (+106% YoY) 

• Revenue: S$11.5b (+24% YoY) 

• Gross margin: 7.4% (vs 3.1%) 

• ROE: 4.9% 

• Dividend: 3 cents (doubled) 

• Net order book: S$17.8b, visibility through 2033 

• ~40% exposure to renewables and green solutions

Earnings recovery is visible. Margin expansion reflects improved execution and project mix.

Structural Improvements

• Balance sheet stabilised post recapitalisation 

• Cost optimisation ongoing 

• Improved capital discipline 

• Diversification into renewables and offshore wind

The company is moving from survival to structured recovery.

My Technical View

• Strong base formation around S$2.05 over the past five months 

• General X momentum indicator triggered buy on 20 Feb after price moved above 200 EMA 

• Breakout above S$2.31 resistance with strong volume

Next targets: S$2.50, then S$3.00

My Trade Plan

Following the recent US Israel strikes on Iran and rising tensions, markets may turn volatile., I plan to add positions by buying the dip near S$2.31 support, provided the overall structure remains intact.

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

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

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

Where else can you find 8.5% yield, data centre growth, and a de-dollarisation angle in one name?

$Stoneweg EUTrust EUR(SET.SI) 

Attended the SERT x Society of Remisiers (SG) Post-FY2025 Results Meet at OUE Bayfront last evening. Management shared updates on portfolio performance, capital recycling and the continued pivot towards logistics and data centre assets. 

📍Key Highlights – Stoneweg Europe Stapled Trust (SERT)

• €2.3bn diversified portfolio across Western European gateway cities
• ~86% exposure to Western Europe
• Increasing tilt towards logistics, light industrial & data centres
• Trading at ~0.8x P/NAV
• Dividend yield ~8.5%
• DBS Research target price: EUR 1.90 (~14% upside)

💡What stands out to me

• Price momentum is turning positive
• Attractive yield provides a strong income cushion
• Euro exposure adds diversification amid de-dollarisation discussions
• AiOnX data centre investment delivered a 41% valuation uplift, with hyperscaler income commencing 3Q2026

📈 Technical View

SERT has formed strong support at €1.59 and has risen for six consecutive sessions. My General X Momentum Trend-Following Indicator triggered a buy signal on 25 Feb, signalling improving momentum. Key levels to watch are €1.74 and €1.89. With yield support beneath and momentum building, the technical structure is strengthening.

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

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

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