𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐫𝐚𝐩 (𝐖𝐞𝐞𝐤 𝐞𝐧𝐝𝐞𝐝 𝟐/𝟒/𝟐𝟔)

When Trump Talks, Markets Walk

A holiday shortened week, but still a pretty decent one for the 𝐒𝐓𝐈. We got off to a bright start thanks to President Trump hinting at a de escalation in the Iran War. The index climbed steadily right up till today, only to see a pullback when he suggested the war might drag on for a few more weeks. Classic plot twist from the same main character. Even so, the STI still chalked up a 0.7% weekly as of Thursday noon, not a bad showing for a market that has been reacting to headlines the way umbrellas react to sudden rain, quick to pop and fold but still holding up.

OCBC Joins the Club, Pops the $100B Mark

News of the week belonged to 𝐎𝐂𝐁𝐂, which officially joined DBS in the $100B market cap club. It powered past the $22 mark for the first time and even clocked an all time high of $22.86, before easing back with the broader market to $22.33 as of Thursday noon. Still, plenty for OCBC shareholders to smile about.

SGX Hits Twenty, Tailwinds Steady

Similar to OCBC, 𝐒𝐆𝐗 also enjoyed a milestone moment as its share price touched $20. It even nudged up to $20.25 before easing back to $19.80 as of Thursday noon. The long term uptrend remains intact, steady and disciplined, like someone who never skips leg day. With initiatives like EQDP and the Value Unlocking Programme adding structural tailwinds, it feels like this uptrend still has fuel in the tank. The runway is long, and SGX looks quite happy to keep cruising.

Sembcorp Wakes, Resistance Breaks

I highlighted 𝐒𝐞𝐦𝐛𝐜𝐨𝐫𝐩 two weeks ago, and we are finally seeing some green shoots from a stock that had been one of the laggards among the blue chips during the upcycle. This week it pushed higher to a week high of $6.80, breaking past a key resistance at $6.66. The 10MA also cut above the 200MA, a nice little bullish handshake. Plenty of upside still on the table, given it is far from its post Sembmar-demerger peak of $7.93.

Quiet Strength

Sometimes it is hard to spot resilience in a volatile sector, but that is exactly what we are seeing with 𝐁𝐮𝐦𝐢𝐭𝐚𝐦𝐚 𝐀𝐠𝐫𝐢. Helped in part by firmer crude palm oil prices after the Iran War flare up, the stock set a fresh record high of $1.92, extending its steady and rather impressive run since August 2025. And with a solid dividend payout on top of that, it is starting to feel like the quiet kid in class who keeps topping every test while everyone else is distracted by the noise.

Nothing Nano about Nanofilm’s Leap

Another small cap that grabbed investor attention this week was 𝐍𝐓𝐈 𝐍𝐚𝐧𝐨𝐟𝐢𝐥𝐦. From last week’s close of $0.605, it soared to a week high of $0.665 (a tidy 10% gain) before settling at $0.645 as of Thursday noon. Technically, it has just broken out of its immediate resistance at $0.615, giving it a clear runway ahead.

Cheers!

Dan

See Disclaimer

#weeklywrap #tradeSGX #danccs

===

If you think Dan can value add to your investment journey, click here: tinyurl.com/gotopoems

Disclaimer: tinyurl.com/dan-disclaimer

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *2/4/26*

.

STI: 4975 (+90) | HSI: 25294 (+505) | Dow: 46565 (+224) | S&P: 6575 (+46) | Nasdaq: 21840 (+250)

.

*US Markets Overnight!*

.

*Markets on the Mend, or Just Playing Pretend?*

.

Markets kicked off Q2 in a surprisingly upbeat mood, two strong sessions in a row, helped by growing whispers that the Iran conflict might finally cool off. The Nasdaq led the charge again, up 1.2%, with the S&P 500 and Dow following behind like well behaved siblings. Memory names *Western Digital* and *Sandisk* were the real sprinters, while *Boeing* and *Caterpillar* gave the Dow some lift.

.

This bounce comes right after yesterday’s monster rally, the best since May 2025, driven by reports that President Trump is open to ending the fighting without reopening the Strait of Hormuz. Even so, let’s not sugarcoat it, Q1 was still the roughest quarter since 2022 thanks to the conflict’s late quarter shock.

.

Sentiment stayed buoyant as Trump hinted the US could wrap up its involvement in a couple of weeks. *Oil* cooled off, which the market happily cheered, WTI dipped to just under 100 dollars, Brent nearer 101, taking some heat off the inflation story.

.

On the data front, ADP came in stronger than expected and retail sales surprised to the upside, a reminder that the economy was ticking along before geopolitics stole the spotlight. All eyes now shift to Friday’s jobs report. Treasuries barely budged, the ten year held around 4.33%.

.

*Gold* popped 2.5% but is still nowhere near its January rocket high. The dollar eased and Bitcoin did its usual wiggle above 68k. Among the mega caps, the Magnificent Seven mostly wore green, led by *Alphabet’s* 3.5% climb, although *Microsoft* decided to sit this one out. Earnings movers were lively too, *Nike* tumbled more than 15%, *Dave and Buster’s* jumped 16%, *Cal Maine* added over 5%, while *RH* and *Lamb Weston* got knocked around.

.

All in all, a cautiously optimistic session, a bit of relief, a bit of hope, and plenty of data and headlines still lining up to keep us on our toes.

.

*What’s Brewing Today!*

.

Thanks to President Donald Trump hinting at a possible de-escalation in the Iran conflict, global markets got a good outing yesterday. Fear off, hope on, but frankly, it still feels more sentiment-driven than fundamentals to me. Interestingly, we started off March at a bad footing after the Iran war erupted on 28 February. Fast forward, a month later, on the last day of March, Trump signaled a possible de-escalation, and we are off to a good start in April. Talking about the coincidence. 😂

.

Locally, *STI* was up a massive 1.85% yesterday, showing some nice resilience after a rough March. *OCBC* smashed $22 and joined the S$100 billion club, *ST Engineering, SGX, Sembcorp Ind* keeps trending up, and ⭐ *Nanofilm* exploded 12% on a breakout. Even if things calm down geopolitically, oil prices are higher and earnings season is around the corner, so the road up won’t be a free sprint. Brent oil is holding an uptrend but facing resistance near $110.

.

In short, markets are breathing a bit easier, but I think smart money is still watching fundamentals, earnings, and policy before fully jumping in.
.
Discussed some of these points in a radio interview on Money FM 89.3 yesterday. You can listen to the podcast here:

https://omny.fm/shows/moneyfm-evening-show/market-view-does-ocbc-s-break-above-22-signal-more-upside-for-singapore-banks

.

*ST Engg* may be back in focus after a contract win. In small cap space, *Zixin* and *Fortress Mineral* may see markt interest following positive news flow.

.

===

*SGX Research Vault*
.

*ETF Perspectives: Spotlight on the Insiders*

*Singapore Physical Gold ETF Edition: Lion Global Investors*

https://api2.sgx.com/sites/default/files/2026-04/SGX%20ETF%20Perspectives%20-%20Spotlight%20on%20the%20Insiders%20%28LionGlobal%20Singapore%20Physical%20Gold%20ETF%20Edition%29%20.pdf

.

===

*Happening Today*

EU

— ECB Economic Bulletin

US

— Initial Jobless Claims / Trade Balance (Feb)

.

===

*SG Stock news*

— *Yangzijiang Shipbuilding* says it has no plans to undertake equity fund-raising transactions outside of Singapore

— *Yangzijiang Financial* clarified that despite a shareholder’s comments, the Board has no plans for a Hong Kong dual listing and remains committed to its SGX listing while continuing to assess strategic options to enhance shareholder value.

— *ST Engineering* wins $600 mil contract to help build missile gun boats for Kuwait

— *Zixin Group* has secured a renewed order for probiotic-infused fermented sweet potato feedstock from the Liancheng white duck poultry farm

— *Fortress Minerals* has signed a new 12 month offtake agreement for about 180,000 WMT of iron ore with a Malaysian steel mill from April 2026 to March 2027, providing recurrent income and a positive earnings contribution with no impact on net asset value.

— *NIO Inc*. said 35,486 vehicles were delivered in March 2026, increasing by 136.0% year-over-year

— *China Everbright Water* Secures Two Water Projects in Jiangsu Province, Further Optimising Its Business Portfolio and Steadily Deepening Its Yangtze River Delta Presence

— *mm2 Asia* clarified that its earlier share placement agreement has lapsed due to changed circumstances following a moratorium, and that it is now focused on a separate MMRA fundraising transaction as part of a broader restructuring plan.

.

===

*Earning calendar:*

16 Apr: Alpha Int REIT

21 Apr: OUEREIT

22 Apr: Digicore REIT

23 Apr: Capland China^, iFast

24 Apr: FCT^, CapLand India^, CICT^

27 Apr: CapLand Ascendas, CapLand Ascott^

28 Apr: MPACT^, MIT

29 Apr: CLI^

30 Apr: CDLHT^

14 May: KIT^

.

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 volatile. Many stocks are pulling back.

But interestingly…
some Singapore tech stocks are still trending UP.

AI demand. Semiconductor upcycle. Institutional inflows.

I just analysed 5 SG tech names using my One Good Trend strategy and what the charts are showing now is quite revealing.

If you’re watching the tech / AI theme…
you’ll want to see this before making your next move.

👉 Watch the full breakdown here: https://youtu.be/lB5tXieacXY

Energy is leading the move, while financials and EV names are starting to stabilise.

If you’re tracking 𝑯𝒐𝒏𝒈 𝑲𝒐𝒏𝒈 𝒆𝒙𝒑𝒐𝒔𝒖𝒓𝒆 𝒗𝒊𝒂 𝑺𝑮𝑿 𝑺𝑫𝑹𝒔 , this one’s worth a look.

👉 Read here:
https://joeychoy.beehiiv.com/p/from-volati...

$PanUnited(P52.SI) break above and surges past the 1.50 level, potentially forming a new support as prices now test the 1.70 resistance. 

All 20d, 100d, and 200d moving averages are pointing up, keeping the broader uptrend intact. 2 consecutive 1GT Bullish signal remains in play, with no 1GT Bearish signal yet. 

If the price can break and close firmly above 1.70, there could be more upside towards the 1.90-2.00. Could a clean push through 1.70 spark the next move higher?

@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/live/J8JbCNta0b8?s...
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI) $SGX(S68.SI) $Singtel(Z74.SI)

https://www.youtube.com/watch?v=_vP8usGnUXI
$DBS(D05.SI) $UOB(U11.SI) $SGX(S68.SI) $Singtel(Z74.SI)

https://youtu.be/8QoppDQMxyQ?si=kyqI3jkaaS...
$DBS(D05.SI) $UOB(U11.SI) $OCBC Bank(O39.SI) $SGX(S68.SI) $Singtel(Z74.SI)

‌As of March 31, 2026, $CapitaLandInvest(9CI.SI) is navigating a fascinating "inflection point." While the technicals show a stock testing a major multi-year ceiling, the fundamentals are shifting toward a higher-quality, asset-light model.

‌

1. Technical Analysis (TA)

‌

Looking at the provided chart, we see a textbook ascending triangle/wedge formation that has been developing since early 2025.

• Major Resistance ($3.125): This is the "Line in the Sand." The stock has tested this level five times over the last three years (blue circles). It is a heavy supply zone. A convincing breakout above $3.12 with high volume would be a massive bullish signal, likely targeting the $3.50–$3.65 range.


• The Ascending Trendline: Notice the higher lows (bottom blue line). The stock is consistently finding support at increasingly higher levels, currently hovering around $2.72–$2.80.


• Moving Averages: The 20-day (pink) and 50-day (blue) MAs are beginning to cluster. We are seeing a "squeeze." Usually, when the price gets compressed between a rising floor and a flat ceiling, a volatile move is imminent.


• Current Pivot: The price is currently testing the 200-day MA (green line). Holding above $2.70 is crucial to maintain the bullish structure.

‌

2. Fundamental Analysis (FA)

‌

The "Future CLI" strategy is starting to show up in the numbers following the FY2025 results released in February.

• Earnings Quality: Operating PATMI rose 6% YoY to S$539M in 2025. While total PATMI was dragged down by S$439M in revaluation losses (mostly from China), the recurring fee-income business is the real story—it now makes up over 50% of total revenue.


• Asset-Light Transition: Funds Under Management (FUM) grew to S$125B. The goal is S$200B by 2028. Management is aggressively recycling capital, divesting "old" heavy assets and reinvesting into private funds and lodging.


• Lodging Powerhouse: The Ascott brand is a hidden gem. Fee revenue here grew 5% in 2025 with record contract signings, providing a steady cash flow hedge against volatile property valuations.


• Valuation & Yield: * Dividend: Proposed 12.0 cents, giving a yield of approx 4.4% at current prices.


• Target Price: Consensus among major analysts (DBS/POEMS) remains bullish, with TPs ranging from S$3.65 to S$3.69.

$CapLand IntCom T(C38U.SI) $CapLand Ascott T(HMN.SI) $CapitaLand(C31.SI)

‌

3. Macro Outlook

‌

The macro environment in 2026 is a "mixed bag" but generally leaning tailwind for CLI.

• The Interest Rate Pivot: Global rates have stabilized. For a real estate manager, "stable" is better than "low but rising." This allows CLI to price deals with more certainty and lowers the refinancing risk on their S$6.4B debt headroom.


• The "China Drag" vs. India/SEA Growth: China remains a headwind for valuations, but CLI has successfully pivoted. Significant capital is being redeployed into India (Logistics/Data Centers) and Southeast Asia, which are currently the "growth engines" for the APAC region in 2026. $CapLand India T(CY6U.SI) $CapLand China T(AU8U.SI)


• Singapore Safe Haven: As global volatility persists, the Singapore market (STI) is seen as a defensive play. CLI, as a blue-chip constituent, benefits from the institutional "flight to quality."

‌

💡 Final Verdict

‌

• Short-term: CLI is in a "wait-and-see" mode. Watch the $3.125 resistance. If it fails to break, we might see a dip back to the $2.60 support level, which would be a prime "Buy on Dip" entry.


• Long-term: The transition to a fee-based model (similar to global giants like Blackstone or Brookfield) should eventually lead to a valuation re-rating. You aren't just buying buildings; you're buying a global fund management platform.

‌

Kenny Loh is a distinguished MAS Private Wealth Advisor (RNF: LKK300389588) representing Financial Alliance with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.
👉 https://www.kennyloh.net/

1. Technical Analysis (TA) - April 2026

‌

$IFAST(AIY.SI) is currently in a "consolidation within an uptrend" phase. After the massive rally fueled by the Hong Kong ePension project and the successful turnaround of iFAST Global Bank (iGB), the stock is testing key psychological and structural levels.

• Long-term Trend: The primary trend remains bullish. A clear upward-sloping support line can be drawn connecting the lows of late 2022 ($3.00 range) and the mid-2024 recovery phase.


• Current Resistance: $11.50 - $12.20 (Previous peak and major analyst target cluster).


• Immediate Support: $9.00 - $9.20.


• The "Long-Term Uptrend Support": This line currently sits approximately at the $7.80 - $8.20 zone. A retrace to this level would represent a healthy 10-15% correction from current prices ($9.01) to "reset" the trend.


• Indicators: RSI is hovering near 45-50, suggesting neutral momentum. Volume has thinned during the recent sideways movement, often a precursor to a definitive breakout or breakdown.

‌

2. Historical Valuation Analysis (Past 3 Years)

‌

iFAST’s valuation is notoriously "spiky" because it trades more like a high-growth FinTech than a traditional broker.

‌

• Note on 2023 P/E: The triple-digit P/E in 2023 was due to low base earnings while the market "priced in" the massive future earnings from the Hong Kong ePension contract.


• PEG Trend: As earnings (EPS) caught up to the price in 2024/2025, the PEG ratio became very attractive (below 1.0), indicating the stock was technically "undervalued" relative to its 40%+ profit growth.

‌

3. Estimated Valuation at Support Line

‌

If iFAST retraces to its long-term uptrend support ($8.00), the valuation would look significantly different based on current 2026 projected earnings (est. EPS of ~$0.39 and BVPS of ~$1.25).

‌

Scenario: Price at $8.00

‌

• Estimated P/E: 20.5x
  Analysis: This would be the lowest P/E iFAST has seen in over 4 years. At 20x earnings for a company growing at 20-25%, it would likely be considered a "Strong Buy."


• Estimated P/B: 6.4x
  Analysis: While high compared to banks (typically 1.0x), for a platform business like iFAST, 6.4x is near its historical floor.


• Estimated PEG: 0.82x (assuming 25% growth)
  Analysis: This remains deep in "undervalued" territory for a growth stock.

‌

Summary Verdict

‌

A retrace to the $8.00 support would likely trigger a massive institutional "buy the dip" response. The valuation at that level (20x P/E) would effectively mean the market has stopped paying a "growth premium" and is only paying for current earnings—a rare opportunity for a company with a target of $100bn AUA by 2030.

‌

Kenny Loh is a distinguished MAS Private Wealth Advisor (RNF: LKK300389588) representing Financial Alliance with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.
👉 https://www.kennyloh.net/

Based on the technical chart for $CapLand Ascendas REIT(A17U.SI) as of late March 2026, the stock is currently testing a significant multi-year psychological and structural floor.

Key Support and Resistance Levels

• Primary Support ($2.50): This is the most critical level on the chart. As indicated by the highlighted circles, the price has rebounded from this level at least six times since late 2022. It represents a "strong buy" zone where historical demand consistently outweighs supply.


• Immediate Resistance ($2.657 - $2.705): The previous support level at $2.657 has now flipped into a minor resistance. Furthermore, the 50-day and 200-day Moving Averages (blue and green lines) are converging around $2.70 - $2.76, acting as a technical ceiling for any short-term recovery.


• Major Resistance ($3.00): This remains the long-term target and psychological barrier. The price has struggled to sustain any momentum above $3.00 for the past three years.

Technical Indicators & Trend

• Moving Averages: The price is currently trading below the 20-day (pink), 50-day (blue), and 200-day (green) moving averages. This alignment typically indicates a bearish short-to-medium term trend.


• Moving Average Convergence: The 20-day MA is sloping sharply downward, suggesting strong immediate selling pressure. However, the proximity to the $2.50 support often precedes a mean-reversion bounce toward the 50-day MA.


• Price Action: The most recent candle shows a long lower "wick" touching the $2.50 support, followed by a slight recovery. This suggests that buyers are still defending this territory aggressively.

Strategic Outlook

• The Bull Case (Accumulation)
  If the $2.50 support holds firmly, this presents a high-probability entry point for a swing trade back toward $2.65 or $2.70. For long-term income investors, entries at this level historically offer a favorable yield-on-cost.


• The Bear Case (Breakdown)
  A decisive weekly close below $2.50 on high volume would be a major warning sign. This would break a three-year floor and likely lead to a test of the next support level at $2.409.

Kenny Loh is a distinguished MAS Private Wealth Advisor (RNF: LKK300389588) representing Financial Alliance with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.
👉 https://www.kennyloh.net/

‌

As a Remisier and trader, it’s always great to see more initiatives that help promote our local stock market.

Traders play an important role in providing liquidity and keeping the market active and vibrant. Without participation, even the best market will lack momentum.

That’s why I’ve always supported trading tournaments like this.
The InvestSG Trading Tournament 2026 focuses on SGX-listed products. Although it uses virtual capital, it serves a bigger purpose — creating awareness, sparking interest, and bringing more attention back to our local market.

More importantly, it allows participants to:
• Understand real market behaviour
• Identify trading opportunities
• Build confidence before committing real capital
Over time, this helps develop a stronger and more active trading community in Singapore.

🏆 Tournament Highlights:
• Grand Prizes: Up to S$3,000
• Lucky Draw: iPhone 17 and rewards up to S$2,000
• Risk-Free: Professional simulation on live SGX data
I’ve already registered for the tournament.

Come join me — together, we can contribute to a more active and vibrant Singapore stock market.
📅 6 – 24 April 2026

Registration Link: https://shareinve.st/ji9m
More Info: Tournament Details

$Sembcorp Ind(U96.SI) 

This time, I’m not talking about fundamentals — the analysts have already spoken with their target prices post-results.

Let the price action do the talking.

Back on 14 Feb, I shared my first call on Sembcorp at around S$6.25.

Since then:
• Many clients followed and entered
• Some held through the volatility
• Some even averaged down

That’s the reality of trading. Not every move goes straight up.

After the results, price pulled back and eventually bottomed around S$5.60, followed by about 2 weeks of consolidation.

And now… it’s been in an uptrend for the past 9 days.

🎯 Analyst Target Prices (Post-Results)

• CGSI: S$7.68
• OCBC: S$7.48
• DBS: S$7.30

🔥 My Trade – Second Attempt

Second attempt — my General X momentum trend-following indicator triggered a BUY again on 23 Mar.

No hesitation.

• 23 Mar: Bought at S$6.24
• 24 Mar: Added at S$6.29

My technical targets remain unchanged:
🎯 S$6.65
🎯 S$7.11

📌For those who are already holding, let the profits run.
For those who have not entered or are looking to add, be patient. Wait for a pullback towards the white line (20-day moving average) and consider buying on a rebound.
Cut loss if the price closes below the 20 EMA for 2 consecutive days.

My previous post: https://www.investsg.asia/posts/2875774

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

BYD is no longer just a China EV story. It is gradually transforming into a global player, supported by overseas expansion and technology leadership.

🔄 A Structural Shift Is Happening

Despite fierce competition in China, BYD is finding a way out. The company’s overseas sales have overtaken domestic sales for the first time in Feb 2026. This is not a one-off event but a sign that growth is shifting beyond China.

• Overseas sales: 100,151 units (+41.4% YoY)


• Total sales: 190,190 units


• Domestic demand remains weak due to subsidy cuts and seasonality

👉Overseas markets are starting to drive growth.

🌍 Overseas Expansion Is Gaining Momentum

BYD’s global expansion is already happening at scale. The company targets around 1.3 million overseas sales in 2026, up from about 1.04 million in 2025, with presence in more than 110 countries. Europe, Latin America and Southeast Asia are key growth regions.

🏭 Localisation Strategy Strengthens Its Edge

To support this, BYD is localising production in Hungary, Brazil and Turkey. This helps reduce tariffs, improve margins and strengthen its long-term position in global markets.

⚡ Technology Remains a Key Differentiator

BYD’s premium brand Denza will bring its flash charging technology to Europe together with the Z9 GT. With charging power up to 1,500kW, the system can deliver:

• 10–70% charge in ~5 minutes


• 10–97% in ~9 minutes

This significantly improves convenience and brings EV charging closer to traditional refueling.

📊 My Technical View

BYD peaked at HKD 159.30(adjusted for 6-for-1 split, SDR: S$5.22) in May 2025 and has been declining since.

Over the past four months, price consolidated between HKD 92.10 – 103 (SDR: S$1.51 – 1.69). Last week, it broke above the range and closed at HKD 103.8, signalling a potential reversal.

Importantly, the stock has been supported by the multi-year 200-week EMA, indicating strong long-term support.

My General X indicator has triggered a weekly buy signal.

👉Near-term target: HKD 124 (SDR equivalent: S$2.03)
→ Potential upside around 20%

If momentum continues, it could retest HKD 159.30 (SDR equivalent: S$5.22).

🌟My Trade Plan

I will initiate my entry near S$1.69 on next Monday for $BYD HK SDR 10to1(HYDD.SI) 

💡 Why I Trade BYD via SDR (SGX: HYDD)

• Trade in SGD, no FX hassle

• Lower capital required (10:1 structure)

• Brokerage relatively lower

• Easier access via SGX platform

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