- $Mapletree Log Tr(M44U.SI) is currently trading near a key support zone around 1.12โ1.15, where price has reacted multiple times.
- This area coincides with RSI approaching oversold levels, which may suggest that downside momentum is easing and price could stabilise in the near term.
- The chart also shows a possible inverse head and shoulders (IHS) formation
โ Left shoulder, head, and right shoulder forming at similar support levels
โ This is a commonly observed potential reversal pattern
Implication of IHS (general)
โ Suggests a shift from a downtrend to a more neutral or upward bias
โ Reflects gradual accumulation as selling pressure reduces - Key level to watch
โ The neckline around ~1.35
โ A sustained move above this level would be needed to indicate a more meaningful trend change - Until then, the pattern remains unconfirmed, and price may continue to consolidate within the current range, with support around 1.12-1.15
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Specialises in Inter-market Analysis. Invest in bonds, dividend yielding stocks and reits. Trades in forex, stocks, futures, gold and oil.
41
Estimations102
FollowersLatest Posts
$SMIC HK SDR 5to1(HSMD.SI) is the SDR of SMIC. HSMD allows Singapore-based investors to gain exposure to SMIC โ a China-listed semiconductor stock โ without needing to trade directly on the Hong Kong exchange, simplifying access. Transactions are conducted in SGD, removing the need to handle HKD or manage foreign currency conversion directly.
โ
โ
1. Weekly Trend Broader trend remains up, with higher highs and higher lows intact. Current daily action is a consolidation within the larger uptrend.
2. TAT indicator triggered a bullish signal near $58 in April, preceding a ~18% rally to current levels.
3. Price has stalled at the upper boundary of the descending channel (ED top), coinciding with minor resistance at ~$71.20 โ a clear overhead zone.
4. Price Gap $65.30โ$66.70. An unfilled gap sits ~3โ5% below current price. Gaps often act as support on pullbacks and tend to attract price back over time.
5. Two Scenarios
Break higher above channel high
Pullback โ gap zone at $65.30โ$66.70 becomes the key area to watch
On 28 March, in this article, I highlighted $YZJ Shipbldg SGD(BS6.SI) and pointed out that the price was likely to find strong support at a key long-term trendline. See previous post here https://www.investsg.asia/posts/2879399.
The stock moved exactly as predicted โ it touched the trendline, held perfectly, and has since rebounded nicely.
Most importantly, right at this trendline support, a clear inverted head and shoulders pattern has formed.
What is an inverted head and shoulders?
It is a classic bullish reversal pattern that looks like a โWโ. The middle dip (the โheadโ) is the lowest point, with two higher dips on the left and right (the โshouldersโ). This pattern usually signals that a downtrend is exhausted and a new uptrend may be starting โ especially once the price breaks above the neckline (the resistance line connecting the two peaks).
111
Estimations77
FollowersLatest Posts
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ฉ (๐๐๐๐ค ๐๐ง๐๐๐ ๐๐/๐/๐๐)
Triple Topโฆ or Trouble on Top?
The โcapitulationโ from last week has spilled into this week, with the ๐๐๐ finally letting go of the 5000 level, slipping to 4897 as of Thu noon. What once looked like resilience is now starting to feel like fatigue. We may also be seeing the makings of a triple top since the STIโs ATH of 5041 in February, a bit like knocking on the same door three timesโฆ and not quite getting it open. On the technical front, the 10MA is now edging closer to crossing below the 50MA. Ceteris paribus, that tilt suggests the path could remain downward heading into next week.
Breaking Resistance after Resistance
If breaking the 52-week resistance at $0.435 last week was impressive, how about clearing 3 resistance levels in just two weeks? ๐๐๐๐ kept its momentum going, pushing past its 3-year high of $0.61 to hit $.0635 this week, backed by stronger daily trading volume no less. That kind of follow-through says this move is not just a one-day wonder. In the span of two weeks, it has climbed from $0.405 to $0.595 as of Thu noon, chalking up an impressive 46.9% gain for the week.
Chip, Chip, Hooray
In a week where tech bulls were running amok, Singaporeโs semiconductor trio, AEM, Frencken and UMS, all joined the charge. ๐๐๐ led the pack, rallying from $6.06 to high of $8.36 (as of Thu noon), chalking up a 37.9% gain. ๐ ๐ซ๐๐ง๐๐ค๐๐ง and ๐๐๐ were not far behind, seeing some sparks in the week, as the broader chip rally lifted all boats.
Gap Filled, Aztech Awakens
Another tech name, ๐๐ณ๐ญ๐๐๐ก ๐๐ฅ๐จ๐๐๐ฅ, also stepped into the spotlight after announcing a 166% surge in 1Q26 earnings. The move did not come entirely out of the blue. There were already some early green shoots ahead of the results, and the stock went on to break past the $0.90 resistance, climbing to as high as $1.04 (as of Thu noon), effectively filling the gap from October 2024. A bit like reconnecting the dots on the chart, and what was once a gap is now part of the story again.
No Hypes, Just New Highs
Not all stocks that hit new highs come with fanfare. Sometimes, the quiet ones can also tell a good story. ๐๐๐ ๐๐ฅ๐จ๐๐๐ฅ moved steadily from $1.33 to hit an ATH of $1.44, before easing to $1.39 (XD: $0.25) as of Thu noon. No fireworks, just a consistent climb, the kind that often goes under the radar.
๐๐ฎ๐ฆ๐ข๐ญ๐๐ฆ๐ ๐๐ ๐ซ๐ข told a similar story, touching a fresh ATH of $2.19 this week on higher daily volume. From last weekโs close of $1.91, it has chalked up a 10.4% gain as of Thu noon, quietly but confidently pushing higher.
Slow Climb, Steady Shine
Another quiet climber this week is ๐ ๐ซ๐๐ฌ๐๐ซ๐ฌ ๐๐ฉ๐ญ ๐๐ซ๐ฎ๐ฌ๐ญ. Following a solid 1H26 last Friday, the price has been steadily inching up from $2.29 to $2.33 (as of Thu noon), marking a respectable 1.7% gain for the week.
Cheers!
Dan
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===
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*Meet & Greet with GuocoLand*
.
Sharing my thoughts after meeting up with GuocoLand at a Meet & Greet event by The Society of Remisiers (Singapore) on Monday evening.
๐๐๐ซ๐ค๐t ๐๐ฉ๐๐๐ญ๐ *30/4/26*
.
STI: 4860 (-26) | HSI: 26111 (+432) | Dow: 48861 (-280) | S&P: 7136 (-2) | Nasdaq: 24673 (+9)
.
*US Markets Overnight!*
.
*Rate Pause, Market Jitters, Oil Ignites*
.
US markets felt like they were holding their breath last night. The Federal Reserve did exactly what everyone expected, keeping rates at 3.50% to 3.75%, but the real story was under the surface, more dissent than usual and a leadership transition looming with Jerome Powell on his way out and Kevin Warsh stepping in. That uncertainty nudged yields higher, with the 10-year creeping up to ~4.42%, and you can already see markets pricing in the possibility that rate hikes arenโt fully off the table yet.
.
Equities reflected that cautious mood. The Dow Jones and S&P 500 slipped, while the Nasdaq Composite managed a slight gain, basically a market in โwait and seeโ mode ahead of earnings from the big boys, Alphabet, Amazon, Meta Platforms, Microsoft, and Apple. Feels like everyoneโs just marking time until Big Tech tells us where growth is really heading.
.
Under the hood, it was a proper stock pickerโs market. *NXP Semiconductors* and *Seagate Technology* ripped higher post-earnings, while *Visa* and *Starbucks* also delivered solid gains. On the flip side, *SoFi Technologies* and *Robinhood Markets* got punished hard, a reminder that in this market, results matter more than narratives.
.
Commodities were the real drama. Oil spiked sharply after Donald Trump signalled a potential extended blockade on Iran, pushing WTI above $108 and Brent past $118. Thatโs not just a headline, thatโs inflation risk creeping back into the conversation. Gold eased a touch, Bitcoin cooled off from recent highs, and the US dollar firmed slightly.
.
In after hours, *Amazon* traded down 2.6% after-hours on Wednesday evening after the companyโs record-breaking quarterly profits were met with a significant ramp-up in infrastructure spending. *Microsoft* reported quarterly revenue growth that surpassed analyst expectations, as the companyโs substantial investments in artificial intelligence infrastructure yielded returns amid strong demand for cloud services and AI. *Alphabet* reported first-quarter earnings that significantly exceeded Wall Street expectations, driven by robust Cloud growth and strong Search performance.
.
Overall, markets arenโt panicking, but theyโre definitely uneasy. Stay nimble.
.
*Meet & Greet with GuocoLand*
.
Sharing my thoughts after meeting up with GuocoLand at a Meet & Greet event by The Society of Remisiers (Singapore) on Monday evening.
.
*Whatโs Brewing Today*
.
Spotlight will surely be on *DBS* as it released its results this morning. DBS Q1 net profit up 1% at S$2.93 billion on record wealth management fees, beating forecasts. The lender declares a dividend of S$0.81 per share.
.
A steady, no-surprises quarter, imo. Profit was flat YoY and slightly ahead of expectations, but the bigger story is the shift in drivers. Net interest margin is easing, so the rate tailwind is fading. Whatโs holding things up is wealth and fee income, which came in strong. Thatโs encouraging, it shows DBS is transitioning from a โrates storyโ to a more balanced earnings engine. Capital return remains attractive, so investors are still getting paid while waiting. Management tone is calm, not bullish, but not worried either.
.
My take, this is a transition phase. Growth wonโt be explosive, but stability and dividends are intact. Not exciting, but dependable, and in this market, thatโs valuable.
.
On corporate action, take note that *CityDev, CSE Global, Frencken, Genting Singapore, SBS Transit and Suntec REIT* are among the more retail-popular stocks that go XD today. Vested investors may want to take the XD into account when planning entry / exit levels.
.
Meanwhile, *Coliwoo* may (or may not) see some market interest following a positive profit guidance. It was up 4.2% yesterday after Maybank issued a research report on it.
.
===
*SGX Research Vault*
.
*kopi-C with ComfortDelGro Group CFO: From Singapore taxis to global multi-modal transportโdelivering a sustainable ~6% dividend yield*
.
===
*Happening Today*
SG XD
โ BRC Asia: SGD 0.07 + SGD 0.07 SPECIAL
โ CityDev: SGD 0.25
โ CSE Global: SGD 0.0146
โ First Sponsor: SGD 0.0369
โ Frencken: SGD 0.0275
โ Genting Sing: SGD 0.02
โ Info-Tech: SGD 0.0195
โ Intraco: SGD 0.0075
โ SBS Transit: SGD 0.0866 + SGD 0.3199 SPECIAL
โ Spura Finance: SGD 0.02 + SGD 0.015 SPECIAL
โ Suntec Reit: SGD 0.00285 + SGD 0.01651
SG Earnings:
โ DBS^, CDLHT^, FHT^, Parkway Life, MLT
SG
โ Unemployment Rate (Q1)
CN
โ Manufacturing PMI (Apr) / Non-Manufacturing PMI (Apr) / Chinese Composite PMI (Apr)
EU
โ ECB Interest Rate Decision (Apr) / GDP (YoY) (Q1) / Core CPI (YoY)
US
โ GDP (YoY) (Q1) / Core PCE Price Index (YoY) (Mar) / Initial Jobless Claims / Personal Spending
.
===
*SG Stock news*
โ๐ *Sheng Siong* reported 1Q FY2026 revenue of S$452.8M (+12.4% YoY) and net profit of S$43.4M (+12.6%), with gross profit rising 15.0% to S$140.3M and margins improving to 31.0%, driven by new stores and festive sales.
โ *Far East HT* Revenue and distributions grew strongly YoY, driven by hotel expansion, especially Japan, and lower financing costs, even as core property income saw more modest gains.
โ *Wilmar International* reported 1Q2026 revenue of US$19.75B (+21.9% YoY) with sales volumes up 22.3% in Food Products and 11.7% in Feed & Industrial Products, but net profit fell 22.8% to US$265.6M (core โ23.0%) due to temporary hedging losses, while net debt improved to US$18.56B.
โ *CDL Hospitality Trusts* posted stronger 1Q2026 results with revenue and NPI growth driven by broad-based recovery, especially Singapore, New Zealand and Perth, though gains were partially offset by weaker Japan and Maldives performance amid geopolitical headwinds.
โ *Starhill Global* 3Q FY25/26 delivered S$47.9m gross revenue (+0.7% y-o-y) and S$37.9m NPI (flat), with 96.4% occupancy, 7.3-year WALE, 4.8% lease expiry, and 35.5% gearing, while debt remains well spread with 3.5-year maturity and 80% hedged, supported by refinancing facilities and S$350m undrawn lines.
โ *Food Innovators Holdings Limited* returned to profitability in FY2026, posting a modest S$0.2m profit on record revenue growth, driven by Southeast Asia expansion, improved margins, and portfolio optimisation.
โ *Landmark REIT* reported 1Q 2026 gross revenue of S$52.2M (+4.6%) and NPI of S$30.8M (+5.7%), with portfolio occupancy at 87.5% and gearing reduced to 40.22%, supported by asset enhancements and tenant optimisation.
โ *Green Build Technology* will issue new shares giving Helyon Pte. Ltd. a 63.68% controlling stake for S$9.6M (plus warrants), triggering a pre-conditional mandatory cash offer at S$0.016 per share for the remaining shares, subject to approvals and completion.
โ *Asian Micro Holdings* announced that its subsidiary, Leverage Income Sdn. Bhd., has secured a Certificate of Completion and Compliance for its Penang shop office project, confirming completion and supporting its property diversification strategy, with no material financial impact expected.
โ โญ๏ธ * LHN Limited* expects to record a higher net profit before tax for 1H2026 as compared to 1H2025 mainly due to net fair value gains on the Groupโs investment properties in 1H2026.
โ โญ *Coliwoo* expects to record a higher net profit before tax for 1H2026 as compared to 1H2025 mainly due to net fair value gains on the Groupโs investment properties in 1H2026.
.
===
*Earning calendar:*
30 Apr: Parkway Life, MLT
4 May: UOI
5 May: FLCT^, Ultragreen^
6 May: GE^, ACROPHYTE HT^, Manulife US REIT^
7 May: UOB^, AIMS REIT, Avepoint
8 May: OCBC^, Frasers Property^
11 May: SIA Engg
12 May: NTT DC REIT, Prime US REIT
13 May: UHREIT^, Daiwa House^
14 May: KIT^, Singpost^, Sassuer REIT^, SIA
15 May: Golden Agri
18 May: LREIT
25 May: SATS
.
Sources:
..
Cheers!
Dan
Start your investment journey here:
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Disclaimer:
https://tinyurl.com/dan-disclaimer
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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
0
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๐๐ก๐ข๐ฅ๐ ๐ฆ๐จ๐ฌ๐ญ ๐ฉ๐๐จ๐ฉ๐ฅ๐ ๐๐ซ๐ ๐ฌ๐ญ๐ข๐ฅ๐ฅ ๐ฐ๐๐ข๐ญ๐ข๐ง๐ โฆ๐ญ๐ก๐๐ฌ๐ ๐ ๐๐ ๐ญ๐๐๐ก ๐ฌ๐ญ๐จ๐๐ค๐ฌ ๐๐ซ๐ ๐๐ฅ๐ซ๐๐๐๐ฒ ๐ฆ๐จ๐ฏ๐ข๐ง๐ .๐คซ
Bullish signals triggered. Trying to push higher.
This is where opportunities usually start. I analyzed all 6 โ youโll want to see this.
โถ๏ธ Watch here: https://youtu.be/MxPf6wevTUA
๐จ ๐๐๐ฉ๐ฅ๐๐ฒ ๐ข๐ฌ ๐จ๐ฎ๐ญ!
๐๐๐ซ๐ค๐๐ญ๐ฌ ๐๐ซ๐ ๐ฎ๐ง๐๐๐ซ๐ญ๐๐ข๐งโฆ ๐๐ฎ๐ญ ๐ ๐ฃ๐ฎ๐ฌ๐ญ ๐๐ซ๐จ๐ค๐ ๐๐จ๐ฐ๐ง ๐ ๐๐ ๐ฌ๐ญ๐จ๐๐ค๐ฌ (๐๐๐ & ๐๐๐) ๐ฌ๐ก๐จ๐ฐ๐ข๐ง๐ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ฌ๐๐ญ๐ฎ๐ฉ๐ฌ ๐ซ๐ข๐ ๐ก๐ญ ๐ง๐จ๐ฐ.
Jamie from Macquarie also shared how traders can potentially magnify their gains on these moves. ๐ช๐
๐ฅ Donโt miss it โ watch here: https://www.youtube.com/watch?v=BLI9Ic6Oqos
$Frencken(E28.SI)pushes toward the 2.40 resistance level, and price has since followed through nicely. It is currently holding above 2.60 as a new higher support, with the immediate resistance at 2.80.
All 20d, 100d and 200d moving averages continue to slope up, keeping momentum aligned with the broader uptrend, with 3 consecutive 1GT Bullish signals remaining in play.
If the price can break and close firmly above 2.80, the next upside target sits near 3.00. With strength holding after the breakout, could a clean push through 2.80 open the path toward 3.00 next?
0
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@sgsiasorg Calling all NetLink NBN Trust unitholders!
Join us for an exclusive briefing hosted by SIAS with NetLinkโs management team. Gain key insights into FY25 highlights and discover whatโs ahead for FY26. Donโt 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 NetLinkโs management team. Gain key insights into FY25 highlights and discover whatโs ahead for FY26. Donโt 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? Youโre 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.
Donโt miss out, your journey to financial independence starts here!
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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.
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https://youtu.be/Lj_W1BLlxHY
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI)
https://youtu.be/Tuiy2Gq7pxo
$DBS(D05.SI) $UOB(U11.SI) $OCBC Bank(O39.SI) $SGX(S68.SI) $Singtel(Z74.SI)
https://www.youtube.com/live/cALWrd3H51E?s...
$DBS(D05.SI) $OCB5S(OCB5S.SI) $UOB(U11.SI) $SGX(S68.SI)
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/...
5
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Technical Analysis (TA)
The chart shows a daily timeframe for $IFAST(AIY.SI), highlighting several bearish signals despite a long-term uptrend.
- Chart Pattern: A significant "Head & Multiple Shoulders" topping pattern has formed. The "Head" peaked near $11.00, while the most recent shoulder is lower, around the $10.02 resistance zone.
- Neckline & Support: The critical Neckline Support at $8.43 is currently the most important level to watch. A decisive break below this could signal a trend reversal.
- Moving Averages: The price is currently trading below the shorter-term moving averages (pink and blue lines), which are starting to curl downwards. However, it remains above the long-term 200-day Moving Average (green line) and the primary Ascending Trendline, suggesting the macro bull case isn't fully broken yet.
- Price Action: Today's price action shows a sharp gap down following the earnings news. At $9.03, it is currently testing the psychological $9.00 level.
Q1 2026 Earnings Summary
iFAST released its Q1 FY2026 results yesterday after market close. While the numbers were objectively strong, the market reaction today suggests some "sell on news" or concerns over future margins.
Key Financial Highlights
- Net Profit: $28 million, a massive +47.5% YoY increase (up from $19 million in Q1 2025).
- Revenue: Rose 49.4% to $136.8 million, driven heavily by the Hong Kong ePension business and core wealth management.
- AUA (Assets Under Administration): Reached a new record high of $32.6 billion (+27.1% YoY).
- Interim Dividend: Declared 2.5 cents per share (up from 1.6 cents in the previous year).
Strategic Outlook
- 2030 Vision: The group reaffirmed its target of $100 billion AUA by 2030, implying a 25.6% five-year CAGR.
- Global Expansion: Rebranding FSMOne to FSM Global as part of its "Truly Global Business Model" centered on Singapore, Hong Kong, and London.
- New Revenue Stream: The ORSO (Occupational Retirement Schemes Ordinance) pension business in Hong Kong is expected to start contributing significantly in 2H 2026.
Technical Analysis (TA)
The uploaded chart shows a daily timeframe for iFAST, highlighting several bearish signals despite a long-term uptrend.
- Chart Pattern: A significant "Head & Multiple Shoulders" topping pattern has formed. The "Head" peaked near $11.00, while the most recent shoulder is lower, around the $10.02 resistance zone.
- Neckline & Support: The critical Neckline Support at $8.43 is currently the most important level to watch. A decisive break below this could signal a trend reversal.
- Moving Averages: The price is currently trading below the shorter-term moving averages (pink and blue lines), which are starting to curl downwards. However, it remains above the long-term 200-day Moving Average (green line) and the primary Ascending Trendline, suggesting the macro bull case isn't fully broken yet.
- Price Action: Today's price action shows a sharp gap down following the earnings news. At $9.03, it is currently testing the psychological $9.00 level.
Q1 2026 Earnings Summary
iFAST released its Q1 FY2026 results yesterday after market close. While the numbers were objectively strong, the market reaction today suggests some "sell on news" or concerns over future margins.
Key Financial Highlights
- Net Profit: $28 million, a massive +47.5% YoY increase (up from $19 million in Q1 2025).
- Revenue: Rose 49.4% to $136.8 million, driven heavily by the Hong Kong ePension business and core wealth management.
- AUA (Assets Under Administration): Reached a new record high of $32.6 billion (+27.1% YoY).
- Interim Dividend: Declared 2.5 cents per share (up from 1.6 cents in the previous year).
Intrinsic Value Comparison (10 Years Horizon)
Strategic Outlook
- 2030 Vision: The group reaffirmed its target of $100 billion AUA by 2030, implying a 25.6% five-year CAGR.
- Global Expansion: Rebranding FSMOne to FSM Global as part of its "Truly Global Business Model" centered on Singapore, Hong Kong, and London.
- New Revenue Stream: The ORSO (Occupational Retirement Schemes Ordinance) pension business in Hong Kong is expected to start contributing significantly in 2H 2026.
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/
โ
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investing involves risk. Please consult a licensed financial advisor to ensure any investment is suitable for your specific financial circumstances and risk profile.
โTechnical Analysis (TA): The "Rising Wedge" Dilemma
The chart highlights a Rising Wedge pattern, a classic technical formation that often signals a potential trend reversal or consolidation.
1. Pattern & Price Action
- The Wedge: Price is currently trading within converging upward trendlines. While it looks bullish because it's making higher highs and higher lows, a rising wedge is traditionally a bearish reversal pattern in a mature uptrend.
- Key Resistance: The upper boundary of the wedge sits around $2.50 โ $2.55. Price recently touched $2.38 (as of April 23, 2026), showing some resistance as it nears the upper rail.
- Immediate Support: Watch the lower trendline, currently around $2.25. A breakdown below this line with high volume could trigger a sell-off toward the $2.10โ$2.15 zone.
2. Moving Averages (MA Cross)
- The chart shows a cluster of moving averages (20, 50, and 200-day).
- Bullish Alignment: The shorter-term averages (pink/blue) are trending above the long-term green line (likely the 200-day MA), which is currently at $2.28. As long as the price stays above this "Golden Zone," the medium-term trend remains healthy.
3. Momentum Indicators
- RSI: Recent data suggests the RSI is hovering near 70, indicating the stock is approaching "overbought" territory. Expect some "mean reversion" or sideways consolidation soon.
Fundamental Analysis (FA): Stellar 1Q26 Performance
While the technicals suggest caution due to the wedge pattern, the fundamentals are currently exceptionally strong.
1. 1Q2026 Financial Highlights
- DPU Growth: Distribution Per Unit (DPU) for 1Q26 grew by 13.2% YoY to 2.833 cents. This beat most analyst expectations.
- Rental Reversions: The standout metric is a +50.3% rental reversion. This indicates massive demand for data center space, allowing the REIT to hike rents significantly as old leases expire.
- Occupancy: Remains robust at 95.6%, underpinned by long-term leases (WALE of 6.5 years).
2. Balance Sheet & Valuation
- Gearing: Healthy at 35.1%, well below the regulatory limit, providing room for further acquisitions.
- Cost of Debt: Dropped to 2.6% (down 20bps), which is impressive in the current interest rate environment.
- Yield: At the current price of $2.38, the forward dividend yield is approximately 4.4% โ 4.8%.
3. Risks & Catalysts
- Catalysts: Potential tax transparency for SGP 7 & 8 and the possible recovery of rent arrears from Bluesea (China) could provide further DPU upside.
- Risks: Geopolitical tensions in the Middle East affecting energy costs (though the manager notes electricity is <3% of OPEX due to hedging).
Bottom Line: Keppel DC REIT is firing on all cylinders operationally. However, the chart shows the "easy money" from the recent rally might be over extended. Look for entry points near the 200-day MA or the bottom of the wedge.
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/
โ
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investing involves risk. Please consult a licensed financial advisor to ensure any investment is suitable for your specific financial circumstances and risk profile.
Had a fantastic deep dive yesterday with Michelle Martin on MONEY FM 89.3, discussing the shifting landscape of Singapore REITs. As we move further into 2026, the strategy for S-REITs has evolved from simple "yield-chasing" to a sophisticated hunt for Alpha and resilience.
โ
Here are the three core themes we covered:
โ
1. ๐๐ข๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐จ๐ซ ๐๐ข๐ฅ๐ฎ๐ญ๐ข๐จ๐ง? ๐๐ก๐ ๐
๐ข๐ซ๐ฌ๐ญ ๐๐๐๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ฒ ๐ฅ
๐ข $First Reit(AW9U.SI)'s S$471.5M divestment of Indonesian assets is a masterclass in "de-risking."
๐ขThe Reality: Despite revenue growth, the IDR depreciated ~28% against the SGD over 5 years.
๐ขThe Move: Crystallizing a 2.1% premium to valuation to build a massive "war chest" (gearing plunging to 16.7%).
๐ขTakeaway: Not all sales are exitsโthis is a strategic recalibration toward stable, developed markets like Japan and Australia.
โ
2. ๐๐ก๐ ๐๐ข๐-๐๐๐ฉ ๐๐ฅ๐ฉ๐ก๐ ๐๐ฎ๐ง๐ญ ๐
๐ขWhile the "Giant" REITs offer safety, the iEdge Next50 REITs are where the growth is hiding.
๐ขGrowth Gap: Mid-caps are projected to deliver 4.2% DPU growthโnearly 2.5x higher than large-caps.
๐ขValuation Edge: Buying at a 10-20% discount to NAV while enjoying yields of 7% to 9.5%.
๐ขThe Catalyst: With MAS/SGX liquidity support (EQDP), we are anticipating a liquidity-driven re-rating as institutional money flows into these undervalued gems.
$Stoneweg EUTrust EUR(SET.SI) $Stoneweg EUTrust SGD(SEB.SI) $OUEREIT(TS0U.SI) $UIBREIT(UIBU.SI) $Sabana Reit(M1GU.SI) $EliteUKREIT GBP(MXNU.SI) $UtdHampshReitUSD(ODBU.SI)
โ
3. ๐๐๐ฉ๐ข๐ญ๐๐๐๐ง๐ ๐๐ฌ๐๐๐ง๐๐๐ฌ ๐๐๐๐ (๐๐๐๐): ๐๐๐๐๐ง๐ฌ๐ + ๐๐๐๐๐ง๐ฌ๐ ๐๏ธ
๐ข $CapLand Ascendas REIT(A17U.SI)'s S$900M Equity Fund Raising isn't about survival; itโs about dominance in the "New Economy."
๐ขPivot to High Demand: Funding Data Centres in Osaka and Science Parks in Singapore.
๐ขInvestor Opportunity: The preferential offering at S$2.35 (a ~7.5% discount) allows unitholders to average down at a level 2 standard deviations below its 5-year P/NAV average.
โ
Bottom Line: The S-REIT market is bifurcating. Whether you are playing the defensive blue-chip game or hunting for mid-cap Alpha, execution and asset quality are the only metrics that matter this year.
โ
Did you catch the live show? The podcast link can be found here ๐
https://reitsavvy.com/insights/money-and-m...
โ
โ
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/
โ
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investing involves risk. Please consult a licensed financial advisor to ensure any investment is suitable for your specific financial circumstances and risk profile.
I bring deep expertise in stocks, Singapore Depository Receipts, structured products, and REITs to help clients capture opportunities and achieve their financial goals.
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Last week market sentiment is turning up. Momentum getting stronger. Construction sector is moving.
My favorite, nothing compares to $Wee Hur(E3B.SI).
I have been following Wee Hur since 21 cents two years ago.
I rode the trend with my clients, monitoring it day in day out.
Today, Wee Hur is no longer just a small construction company.
Wee Hur is now part of the iEdge Singapore Next 50 Index
- It is among the next tier of large and liquid companies on SGX
- More visibility to institutional investors
- Potential inclusion in fund flows linked to EQDP initiatives and future ETFs
To me, it has two engines now:
๐๏ธEngine 1: Construction
- S$673m order book
- Visibility till around 2029
- Supported by strong project pipeline
- This gives the company multi year earnings visibility
๐ข Engine 2: Dormitory
- Pioneer Lodge expansion with +67% capacity
- +10,500 beds already completed in FY25
- Meaningful earnings uplift expected from FY26
This is important.
๐Recurring income
๐Rising dorm rents
๐More stable earnings profile
๐ Analyst Target Price:
Phillip Research: S$1.08
DBS Research: S$0.90
๐ Technical View:
Wee Hur price action is almost textbook for technical analysis.
It corrected significantly after forming a triple top around 0.925,
and came down to form a triple bottom near 0.64.
Last Friday, price broke above the 200EMA,
coinciding with DBS initiating Buy with target price 0.90.
My General X momentum trend following indicator also triggered a buy signal on Friday.
๐ My Trade Action
I initiated a position with an average price of 0.7333 on Friday
Target:
๐ฏ 0.785
๐ฏ 0.85
๐ฏ 0.925
โ ๏ธ Exit if the price closes below 20 EMA for 2 consecutive days
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
The value unlock story in $Olam Group(VC2.SI) has just begun
Imagine a house valued at $182,000.
Then the owner sells just the garage โ at a price far above its valuation.
Suddenly, the whole house is worth moreโฆ and there are still more rooms to sell.
Thatโs Olam today.
โโโโโโโโโโโโโโโโโโ
Simple breakdown:
Olam is a global agri and food business long seen as โtoo complex.โ
Managementโs solution:
๐ break it up
๐ sell parts
๐unlock value
๐ return cash to shareholders
And theyโre executing step by step.
โโโโโโโโโโโโโโโโโโ
Starting point:
Latest NAV: ~182 cents per share (FY2025, audited)
โโโโโโโโโโโโโโโโโโ
The key re-rating catalyst
Olam Agri sale to SALIC:
โข ~3ร book value
โข Estimated gain: S$2.43B
๐ Adds ~63 cents per share
NAV moves:
182 โ ~245 cents
From just ONE deal.
โโโโโโโโโโโโโโโโโโ
More value unlocking ahead
๐น ARISE โ sold above book
๐นMindsprint โ retained
๐นRemaining assets โ gradual divestment
๐น ofi โ potential listing (key upside)
Every sale above book = value unlocked
โโโโโโโโโโโโโโโโโโ
Cash is flowing back
Since 2020:
โข S$1.6B dividends
โข S$81M buybacks
๐Future divestments likely returned via special dividends
โโโโโโโโโโโโโโโโโโ
Why it matters now
Market still sees a complex conglomerate
But reality:
๐turning into a sum-of-parts story
๐นCurrent NAV: ~182 cents
๐นPost-Agri: ~245 cents (est.)
๐นExcludes full valuation of ofi
Youโre not guessing.
Youโre watching value unlock in real time.
โโโโโโโโโโโโโโโโโโ
Technical View:
Olam has been in a long-term downtrend since Mar 2022 (peak ~1.94), but strong support at 0.81 held three times, forming a potential triple bottom. In the past two weeks, momentum picked up with real volume, and price broke the downtrend line โ signalling a possible reversal. My General X system has also triggered a BUY signal on the weekly chart.
Next Target
๐ฏS$1.23
๐ฏS$1.94
โ ๏ธ Exit if the price closes below 20 EMA for 2 consecutive days.
๐My Trade Action
Initiated position on 23 & 24 Apr
Entry: 1.02 โ 1.03
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).
๐To join, simply message โWeekly Ideas - InvestSGโ on WhatsApp: https://wa.me/6590908871
First, congratulations to the winner and all participants โ well deserved.
Even though this is a simulation, the market is real.
Every gap up, every pullback, every hesitation โ you feel it.
Thatโs what makes this tournament different.
If you traded all 3 weeks following live prices, youโve already gained something no textbook can teach.
+22.02% in 3 weeks โ Iโm satisfied.
It won't top any leaderboard, but every trade here mirrored my real money positions. Nothing was done differently just because it was a tournament. Same process, same rules, same discipline:
โข Cut loss fast
โข Follow momentum
โข React, not predict
โข Stay disciplined
I trade for myself and my clients.
Iโm a remisier and one of the top traders at Phillip Securities Singapore.
I joined this tournament for one reason:
๐ To show that steady, consistent profits come from simple rules, discipline, and risk management.
I hope this was useful to anyone following along. Trading doesn't have to be complicated. Have a plan, follow your rules, and respect your risk.
Thanks to InvestSG for putting this together. And to everyone who reached out during these 3 weeks โ I appreciate the support.
3-Week Summary:
7 profitable trades, 2 stop losses out of 9.
Biggest winner: Wee Hur (+6.97%)
Biggest loser: Baidu HK SDR (-3.62%)
๐นThe two losses were small and controlled.
Full Scorecard
Week 1: +9.28%
Week 2: +9.68%
Week 3: +1.8%
Cumulative: +22.02%
9 trades across 6 sectors, 3 countries:
๐ธ๐ฌ Singapore
๐น๐ญ Thailand
๐ญ๐ฐ Hong Kong
My simulation portfolio link: https://www.investsg.asia/portfolios/242567
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 โWeekly Ideas - InvestSGโ on WhatsApp: https://wa.me/6590908871
๐กIf you want to learn the basics of trading, you can watch my chinese webinar on YouTube: https://www.youtube.com/watch?v=_1pKcfqcgQo...