𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐫𝐚𝐩 (𝐖𝐞𝐞𝐤 𝐞𝐧𝐝𝐞𝐝 𝟏𝟕/𝟒/𝟐𝟔)

Summit in Sight, One More Fight

A breather of a week, as markets eased into this “ceasefire” window, giving the 𝐒𝐓𝐈 some much-needed oxygen to regroup for another run at its ATH of 5041. Opening at 4977 on Monday, it climbed steadily to a week’s high of 5039, before settling at 4996 as of Friday noon. For now, it seems like a climber pausing just below the peak, catching his breath, before deciding if the next step is the final push or a careful step back 😂.

From $5.60 to Hero Run

Among the big caps, the standout was 𝐒𝐞𝐦𝐛𝐜𝐨𝐫𝐩, which hit an 8-month high of $7.20 during the week. This extends an already impressive uptrend that began in mid-March, when it was trading at just $5.60 at its lowest point. From trough to peak, that’s a remarkable gain of 28.5% in roughly 1.5 months. Super awesome!

From IPO on Catalist to Mainboard Charge: This Isn’t a Rally, It’s a Rampage

One of the most impressive movers this week has to be 𝐋𝐮𝐦 𝐂𝐡𝐚𝐧𝐠 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧, following news of its proposed transfer to the Mainboard. Starting from a week low of $0.815, it surged to an ATH of $1.06 before settling at $1.03 as of Friday noon, marking a superb 26.3% gain for the week. Putting things into perspective, the run looks even more remarkable considering it only debuted on SGX less than a year ago on 21 July 2025, at an IPO price of $0.25. At $1.03, that translates to an eye-catching return of 312% since IPO. What a journey!

Oil Still Burning For Oiltek

Following last week’s “Oil “Tek” Flight”, 𝐎𝐢𝐥𝐭𝐞𝐤 continued its impressive run, pushing to a fresh ATH of $2.45. It closed at $2.40 as of Friday noon, locking in another 19.4% gain for the week. Like Lum Chang Creation, the bigger picture tells an even more striking story. Just two months ago in February, it was trading as low as $0.60… and now, at $2.40 as of Friday noon, that’s an eye-popping 400% gain, a move that feels more like a pressure cooker finally releasing steam, once it started, it just kept going.

13 Years in the Making, ATH in the Taking

Before this week, 𝐆𝐞𝐨-𝐄𝐧𝐞𝐫𝐠𝐲 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 was already on a steady uptrend since March, with daily volumes picking up noticeably along the way. This week, it took things up a notch, breaking out to a 3-year high and touching its ATH of $0.65, last seen back in January 2013, some 13 years ago. Imagine a veteran boxer finally stepping back into the ring, and suddenly reminding everyone that he still packed that knockout punch.

Late, But Great

Late to the game doesn’t mean you can’t pack a powerful punch. After a sluggish start to the week, 𝐔𝐌𝐒 came alive from midweek onwards, breaking out to hit an ATH of $1.98 on rising SDAV, before easing back to settle at $1.94 as of Friday noon. A classic case of a slow burn that suddenly found its spark.

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 *17/4/26*

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STI: 5007 (-13) | HSI: 26394 (+447) | Dow: 48578 (+114) | S&P: 7041 (+18) | Nasdaq: 24102 (+86)

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*US Markets Overnight!*

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*Party On, But Who’s Still Dancing?*

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US markets last night is still partying, but the music’s getting a little more… selective. 😂

.

Risk-on mood is still onz. S&P 500 and Nasdaq Composite both printed fresh highs again, Nasdaq now on a 12-day winning streak, which is starting to feel more like stubbornness (stubbornness to come down). Dow Jones tagged along, just with less enthusiasm.

.

And what’s driving it was, no prize for guessing right, Geopolitics, oddly enough. Headlines around a potential ceasefire in the Middle East gave markets something to lean on. Meaning, less tail risk, more appetite for equities. But let’s not get carried away, this is headline-driven optimism, not resolution.

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Oil reacted the “right” way, up, but not panicking. WTI sitting in the low 90s, Brent just under $100. That’s elevated, not catastrophic. Rates and dollar nudged higher, 10Y at 4.31%, dollar index ticking up. No drama, but also no help. Liquidity isn’t getting easier from here.

.

Under the hood, things were… mixed. Big Tech wasn’t moving as one block. *Microsoft* led with a solid +2.2%. *Tesla* gave back a bit after its recent rip. Earnings reactions were more telling. *TSMC* dropped over 3%, expectations clearly running hot. *PepsiCo* up 2%+, steady as ever, boring is beautiful in this tape. *Netflix* edged higher into earnings, market still willing to give it the benefit of the doubt
.

My personal take is this: this rally is still alive, but it’s maturing. We’re no longer in “everything goes up” mode. Now it’s about delivery, earnings need to justify the move, geopolitics needs to not blow up, and oil needs to behave.

.

*What’s Brewing Today!*

.

The main movers yesterday was *UMS*, which was up a whopping 7.2% to close at $1.92, not before hitting an ATH of $1.98. After taking a breather, we are also seeing *Nanofilm* ticking up. It was up 4.9% yesterday. The “silent assassin” was *Olam*, who surged up as quiet as a mouse looking for food in the kitchen. Probably some legs left.

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Moving on to today, YZJ Maritime* may attract market interest following the signing of contracts for the sales of 4 new medium-range tankers. Keep an eye on *Nam Cheong* as well after it managed to reduce its restructured debt by 42% over two years through strong chartering cash flows and vessel sales. After a fantastic run (up 130%) in the last few days, not too sure how the market is going to react to *iX BioPharma* share placement announcement today. We shall see.

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===

*SGX Research Vault*

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iEdge Next 50 Liquidity: Where Technology Is Gaining Weight

https://www.sgx.com/research-education/market-updates/20260416-iedge-next-50-liquidity-where-technology-gaining-weight

.

===

*Happening Today*

SG

— Non-Oil Exports

EU

— Current Account

US

— IMF Meetings

.

===

*SG Stock news*

— *OCBC* says exposure to Middle East not very large at 2% - 3%: AGM

— *Yangzijiang Maritime* announced that it has recently signed contracts for the sale of 4 new medium-range tankers (49,800 DWT), slated for delivery in 2027 and 2028. Also add another 8.

— *Frasers Logistics & Commercial Trust* Acquires Prime Logistics Property in the Netherlands with a Long-Term Lease to Global Logistics Provider

— *KORE REIT’s* 1Q26 update showed stable operations with occupancy in the mid-90% range, but short WALE (~3 years) keeps rollover risk in focus, as management stays in optimisation mode amid higher-for-longer rates.

https://links.sgx.com/FileOpen/KORE%201Q%202026%20Key%20Business%20and%20Operational%20Updates.ashx?App=Announcement&FileID=884489

— *MoneyMax* to broaden share base by placing out 53 mil shares. Reaume trading today.

— *Nam Cheong* announced it has reduced its restructured debt by 42% over two years through strong chartering cash flows and vessel sales, strengthening its balance sheet to capitalise on improving offshore support vessel market conditions.

— *Eneco Energy* 1Q26 update showed strong air cargo demand lifting volumes, ~20% of fleet now EV (with 4 more units coming), and stable margins as diesel costs are largely passed through, keeping earnings resilient despite fuel volatility.

https://links.sgx.com/1.0.0/corporate-announcements/LPYBIPZ9DKNWCYTB/884496_EEL_Press%20Release%20-%20Business%20Updates.pdf

— *iX Biopharma* plans to issue 1.35 million new shares at S$0.4215 each, raising about S$440,537 from Anson Properties for working capital, while also issuing shares to three directors in lieu of S$128,250 in fees, subject to shareholder and SGX approval.

— *InnoTek* Unveils New Manufacturing Facility in Melaka, Malaysia, To Support Growth in Southeast Asia

— *Zixin Group* announced that its Singapore subsidiary will showcase its sweet potato-based products, new functional food innovations, and explore distribution and regional expansion opportunities at the upcoming Food & Hospitality Asia 2026 trade exhibition.

— *HGH Holdings* announced it has mutually agreed with the buyer to extend the completion date for the disposal of a 20% stake in Premium Concrete to 23 April 2026, with all other terms largely unchanged.

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===

*Earning calendar:*

21 Apr: KREIT^, OUEREIT

22 Apr: Digicore REIT

23 Apr: Keppel^, Capland China^, iFast, Suntec, First REIT

24 Apr: FCT^, CapLand India^, CICT^, Elite UK REIT^

27 Apr: CapLand Ascendas, CapLand Ascott^

28 Apr: MPACT^, MIT, Aztech, SERT, Micro-mechanics, IREIT

29 Apr: CLI^, Wilmar, Starhill Global

30 Apr: DBS^, CDLHT^, FHT^, Parkway Life, MLT

4 May: UOI

5 May: FLCT^

6 May: GE^, ACROPHYTE HT^

7 May: UOB^, AIMS REIT

8 May: OCBC^, Frasers Property^

12 May: NTT DC REIT, Prime US REIT

13 May: UHREIT^

14 May: KIT^, Singpost^, SIA

.

Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

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Start your investment journey here:

https://tinyurl.com/gotopoems

.

Cheers!

Dan

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

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#dailyupdate #tradeSGX #POEMS #danccs

*Hot topic: CDP vs Broker Custody Model!*

Ever wondered whether your shares are truly “yours” or simply managed on your behalf?

This question sits at the heart of how Singapore structures its investment system, especially the balance between CDP holdings and broker custody models.

On one hand, CDP offers something many investors value, direct ownership in your own name, clearer shareholder rights, and straightforward access to AGMs and corporate actions. It’s simple, familiar, and gives a strong sense of control.

On the other hand, broker custody delivers a very different experience. Everything sits in one place across markets, with added tools, insights, and in some cases advisory support. It’s built for convenience, and aligns more closely with how modern investing platforms operate globally.

What makes this discussion interesting is that both models solve different problems. One prioritises ownership and transparency, the other focuses on access and ease of use.

A thoughtful perspective emerging from this conversation is that it may not have to be an either-or choice. There may be room to combine the strengths of both, keeping the control and transparency of CDP while delivering the convenience and integration of broker platforms.

It may seem like a small structural detail, but it shapes how we interact with markets, and how accessible investing feels over time.

A well-articulated piece by Lee Su Shyan, presenting both sides of the discussion clearly and thoughtfully.

Curious to hear your take, do you lean toward CDP for ownership clarity, or broker custody for ease and flexibility?

https://www.businesstimes.com.sg/opinion-features/lets-combine-benefits-broker-custody-model-and-seamless-experience-cdp

$Sheng Siong(OV8.SI) is pulling back slightly after its recent rally, but continues to hold above the psychological 3.00 support level. 

With 2 consecutive 1GT Bullish Signals still in play and all 3 moving averages aligned upward, the uptrend remains intact.

The 3.00 level now stands out as a key psychological support to watch. As long as price holds above it, the bullish structure remains valid.

Could this dip be a potential accumulation zone before the next move higher toward 3.30? 📈

These 3 names are showing strong bullish setups and smart money may already be moving in.

GULF, DELTA & PTTEP are lining up nicely on the charts.

And you can access them directly via SGX, $Gulf Dev TH SDR 1to1(TGUD.SI) , $Delta TH SDR 1to1(TDED.SI) , $PTTEP TH SDR 1to1(TPED.SI)

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐟𝐢𝐧𝐝 𝐨𝐮𝐭 𝐰𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐯𝐞 𝐬𝐞𝐭𝐮𝐩𝐬 𝐚𝐧𝐝 𝐜𝐥𝐞𝐚𝐫 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞𝐬𝐞 𝐬𝐭𝐨𝐜𝐤𝐬?

👉 𝐅𝐮𝐥𝐥 𝐰𝐫𝐢𝐭𝐞-𝐮𝐩 𝐡𝐞𝐫𝐞: https://joeychoy.beehiiv.com/p/not-all-tha...

𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐣𝐮𝐬𝐭 𝐫𝐞𝐛𝐨𝐮𝐧𝐝𝐞𝐝 𝐡𝐚𝐫𝐝.
𝐁𝐮𝐭 𝐦𝐨𝐫𝐞 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭𝐥𝐲… 𝐚𝐥𝐥 𝟑 𝐔𝐒 𝐢𝐧𝐝𝐢𝐜𝐞𝐬 𝐣𝐮𝐬𝐭 𝐭𝐫𝐢𝐠𝐠𝐞𝐫𝐞𝐝 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐬𝐢𝐠𝐧𝐚𝐥𝐬.

This could be the start of a new trend. Most people are still waiting on the sidelines.
That’s where opportunities get missed. 😎

▶️ Watch here:https://youtu.be/DD85-Jjq7ok

@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/cALWrd3H51E?s...
$DBS(D05.SI) $OCB5S(OCB5S.SI) $UOB(U11.SI) $SGX(S68.SI)

https://youtu.be/sZ6x4yFJTyw
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI) $SGX(S68.SI)

https://youtu.be/gKx4mdDBN_U?si=X0Mw8wxGhz...
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI) $SGX(S68.SI) $Singtel(Z74.SI) $IX Biopharma(42C.SI) $YZJ Fin Hldg(YF8.SI) $UMS(558.SI) $Frencken(E28.SI)

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.

‌

Here are the three core themes we covered:

‌

1. 𝐃𝐢𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐨𝐫 𝐃𝐢𝐥𝐮𝐭𝐢𝐨𝐧? 𝐓𝐡𝐞 𝐅𝐢𝐫𝐬𝐭 𝐑𝐄𝐈𝐓 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 🏥
🟢 $First Reit(AW9U.SI)'s S$471.5M divestment of Indonesian assets is a masterclass in "de-risking."
🟢The Reality: Despite revenue growth, the IDR depreciated ~28% against the SGD over 5 years.
🟢The Move: Crystallizing a 2.1% premium to valuation to build a massive "war chest" (gearing plunging to 16.7%).
🟢Takeaway: Not all sales are exits—this is a strategic recalibration toward stable, developed markets like Japan and Australia.

‌

2. 𝐓𝐡𝐞 𝐌𝐢𝐝-𝐂𝐚𝐩 𝐀𝐥𝐩𝐡𝐚 𝐇𝐮𝐧𝐭 💎
🟢While the "Giant" REITs offer safety, the iEdge Next50 REITs are where the growth is hiding.
🟢Growth Gap: Mid-caps are projected to deliver 4.2% DPU growth—nearly 2.5x higher than large-caps.
🟢Valuation Edge: Buying at a 10-20% discount to NAV while enjoying yields of 7% to 9.5%.
🟢The 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) 

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3. 𝐂𝐚𝐩𝐢𝐭𝐚𝐋𝐚𝐧𝐝 𝐀𝐬𝐜𝐞𝐧𝐝𝐚𝐬 𝐑𝐄𝐈𝐓 (𝐂𝐋𝐀𝐑): 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 + 𝐎𝐟𝐟𝐞𝐧𝐬𝐞 🏗️
🟢 $CapLand Ascendas REIT(A17U.SI)'s S$900M Equity Fund Raising isn't about survival; it’s about dominance in the "New Economy."
🟢Pivot to High Demand: Funding Data Centres in Osaka and Science Parks in Singapore.
🟢Investor 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.

‌

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.

‌

Did you catch the live show? The podcast link can be found here 👇

https://reitsavvy.com/insights/money-and-m...

‌

‌

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/
‌
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.

‌1. Technical Analysis (TA) $Keppel Reit(K71U.SI) 

The chart shows a classic "recovery and consolidation" phase. After a significant rally in 2025, the price is currently navigating a corrective phase.

• Downtrend Channel: The stock is currently trading within a clear Downtrend Channel (blue lines). For a bullish reversal, the price needs to break out above the upper resistance line, currently around $0.935–$0.940.


• Pattern History: Note the successful Double Bottom in early 2025 (circled in blue), which led to a massive breakout. The current price action is a healthy pullback following that major run.

2. Fundamental Analysis (FA)

Despite the recent price softening, the underlying fundamentals remain robust, though DPU (Distribution Per Unit) has faced some compression.

• Strong Operational Metrics: Keppel REIT achieved a high portfolio occupancy of 96.7% and impressive rental reversions of 11.5% in the latest full-year results. This suggests strong demand for Grade A office space in Singapore's CBD.


• Asset Quality: The portfolio value stands at $11.7 billion, bolstered by the strategic acquisition of a 75% stake in Top Ryde City Shopping Centre (Sydney) and additional interest in MBFC Tower 3.


• Yield & Valuation: With a unit price around $0.92 and analyst target prices averaging $1.06 (e.g., OCBC Research), the stock is trading at a significant discount to its intrinsic value.


• The DPU Catch: FY2025 DPU fell 6.6% year-on-year to 5.23 cents. This was primarily due to higher borrowing costs and the transition of management fees being paid in cash rather than units, which impacts immediate distributable income but reduces future dilution.

Source: REITsavvy.com Screene (Keppel REIT)

3. Macro Challenges & Opportunities

Challenges

• Interest Rate "Higher for Longer": While rates have stabilized in 2026, the cost of debt remains higher than in the 2021-2023 era. Refinancing maturing loans continues to be a drag on DPU growth.


• Geopolitical Friction: Rising tensions in the Middle East and global trade uncertainties (e.g., China-US relations) can trigger "risk-off" sentiment, causing REITs to sell off regardless of fundamentals.


• Office Supply: While Core CBD supply is limited, any unexpected increase in shadow space or shifts in hybrid work trends could cap rental growth.

Opportunities

• "Normalizing" Rates: As we move further into 2026, the stabilization of the SGD SOR/SORA rates provides more predictability for Keppel’s interest expense management.


• Flight to Quality: Tenants are increasingly prioritizing green-certified, high-spec Grade A offices (like those in Keppel’s portfolio) to meet ESG mandates, allowing Keppel to command premium rents.


• Yield Spread: As fixed deposit rates begin to soften, the 5.5%–6.0% yield offered by Keppel REIT becomes increasingly attractive to income-focused investors.

Conclusion: Keppel REIT is fundamentally strong but technically "stuck" in a downtrend channel. A breakout above $0.94 on strong volume would be the signal that the macro-recovery is finally being priced in.

‌

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/

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.

$Kep Infra Tr(A7RU.SI)

Technical Analysis (TA)

The chart reflects a "V-shaped" bottoming process that began in mid-2025, but momentum is currently hitting a critical ceiling.

• Price Action: KIT is trading at $0.530. It has seen a massive rally from the $0.40 lows, but it is currently hitting heavy overhead resistance.


• Support & Resistance:
  Resistance: There is a major "brick wall" at $0.550 (represented by the top horizontal line). The stock failed to break this in early 2026 and is currently testing the $0.509 level, which has flipped from resistance to support.
  Support: Immediate support is at $0.517 (50-day MA). A stronger floor sits at $0.476 (200-day MA).


• Moving Averages: The 20-day and 50-day MAs (pink/blue) are trending above the 200-day MA (green), confirming a medium-term uptrend. However, the price is currently "pinched" between $0.51 and $0.54, suggesting a period of consolidation.

Fundamental Analysis (FA)

KIT's FY2025 results were record-breaking, though heavily influenced by capital recycling.

• Record Distributable Income: KIT reported a 24.4% jump in distributable income to $249.5 million for FY2025.


• The "Divestment" Factor: Much of this growth came from one-off gains (about $49 million) from selling stakes in Philippine Coastal and Ventura. Excluding these, core performance was stable but flat.


• Yield & Dividends:
  FY2025 DPU: 3.94 cents (a slight 1% increase).
  Current Yield: At $0.53, the yield sits at a healthy 7.4% - 7.6%.
  Next Payout: The next quarterly dividend (estimated $0.02) has an ex-date around May 11, 2026.


• Gearing: Net gearing improved to 38.7%, giving the trust roughly $600 million - $800 million in debt headroom for new acquisitions without needing an equity fundraise (EFR).

Future Business Outlook (Singapore & Global)

KIT is evolving from a traditional "waste and water" trust into a "Digital & Energy Transition" powerhouse.

1. Digital Infrastructure Expansion

The acquisition of a 46.7% stake in Global Marine Group (GMG) in late 2025 is the key growth story for 2026. This marks KIT's entry into subsea cable maintenance—a high-barrier-to-entry business that supports global AI and data center growth. We will see the first full-year contribution from this segment in 2026.

2. Energy Transition (City Energy & Solar) 

City Energy remains the "cash cow," but growth is coming from the German Solar Portfolio and European wind farms. While the wind segment saw a dip in 2025 due to lower energy prices in Europe, the 2026 outlook is more stable as power purchase agreements (PPAs) reset.

3. Environmental Segment Headwinds

This is the "weak link" for now. The Senoko Waste-to-Energy plant is contributing less following its concession extension, and Eco Management Korea (EMK) is facing price pressure in the landfill business. Management is currently expanding EMK’s incineration capacity to offset this, but results won't materialize until 2027.

Summary Verdict

• For Income Seekers: KIT remains a core "Yield Play." The 7.5% yield is well-covered by cash flows, even without divestment gains.


• For Capital Growth: The "easy money" from the $0.40 recovery has been made. To break above $0.55, the market needs to see successful integration of the GMG acquisition and a turnaround in the Korean environmental assets.

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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/

$YZJ Shipbldg SGD(BS6.SI)

🔹 Strategic Move, Impact & Earnings

Yangzijiang Shipbuilding is buying a 10% stake in Poseidon (Seaspan’s holding company) for US$825.7m, funded by its own cash. Seaspan is a key customer, contributing ~10–15% of its orderbook.

This move pushes Yangzijiang closer to the ship leasing side — giving better visibility on future orders and fleet expansion. It also helps reduce the usual boom-bust cycle in shipbuilding and strengthens long-term customer ties.

The deal is earnings accretive, expected to add over RMB300m annually (~3–5% profit uplift) and improve ROE.

🔹 Industry & Growth Visibility

The container shipping market remains firm, with tight vessel supply and charter rates still near highs. Demand continues to be supported by fleet renewal and decarbonisation trends.

Yangzijiang is also executing well — recently securing 22 vessels worth ~US$0.98bn. Its total orderbook now stands at ~US$23bn, giving strong earnings visibility through to 2029.

📊 Analyst Target Price

• UOB Research: S$4.75


• DBS Research: S$4.55

📉 Technical View:

YZJ had a strong rally in Feb 2026, hitting an all-time high of 4.62 on 2 Mar, before pulling back. It has since been consolidating between 3.78 – 4.10 over the past 30 days.

In the last 4 days, momentum is picking up — price is holding above the 5 EMA and closed strong at 4.09 today. My General X Momentum trend-following indicator triggered a Buy signal on 15 Apr.

📌 My Trade Action

I initiated a position at 4.09 on 16 Apr and added again today. I will look to add more if price breaks above 4.10 next week.

Target Price:
🎯 4.62

⚠️ Exit if price closes below the 20 EMA for 2 consecutive days

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

I trade for myself and my clients. I’m a remisier and one of the top traders at Phillip Securities SG.

I joined this 3-week tournament for educational purposes and to promote the local market.

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My goal is simple:
👉 show that steady, consistent profits can come from simple rules, discipline and proper risk management.

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For educational purposes, I set my own rules for this tournament:
🔹No leverage
🔹No hedging
🔹No illiquid small-cap high-risk counters
🔹One counter at a time

Keep it simple, as my real trading is much more complex

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Week 2 performance: +9.68%.
Cumulative: +19.86%.

Here’s how I did it 👇

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Week 2 Trades (Simple Breakdown)

Apr 13
Opening buy $Wee Hur(E3B.SI) at 0.715–0.72

🔹Thought:
Last weekend I already shared Wee Hur across multiple platforms and with my clients.
My real money position was entered earlier at 0.7333

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Apr 14
No action

🔹Thought:
Wee Hur stayed strong throughout the day
Opened 0.74, closed 0.77 — healthy momentum

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Apr 15
Sold Wee Hur at 0.77 one hour after market open

🔹Thought:
Hit my first target at 0.785 and pulled back quickly
Better to lock in profit first

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Bought $OKP(5CF.SI) at 0.735 near closing

🔹Thought:
Construction sector showing strength
OKP just started to turn up — laggard play

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Apr 16
Sold OKP at 0.75–0.755 within first hour

🔹Thought:
Momentum turned weak, no follow-through

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Switched to $YZJ Shipbldg SGD(BS6.SI), bought at 4.08

🔹Thought:
Stronger setup — opened with solid momentum
Rotate into leading counter
My real money position was entered at 4.09

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Apr 17
No action

🔹Thought:
YZJ Shipbuilding maintained strength
Closed near resistance at 4.10

Added to my real money position again at 4.09

Holding over the weekend
Expecting potential gap up and breakout next Monday

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Final Thoughts

I focus on doing the right things:
Cut loss fast
Follow momentum
React, not predict
Stay disciplined

That’s how the +9% came in again — another consistent week.

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My simulation portfolio link: https://www.investsg.asia/portfolios/242567

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

‌

📌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

‌

💡If you want to learn the basics of trading, you can watch my chinese webinar on YouTube: https://www.youtube.com/watch?v=_1pKcfqcgQo...

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:

🏗️Engine 1: Construction

• S$673m order book


• Visibility till around 2029


• Supported by strong project pipeline


• This gives the company multi year earnings visibility

🏢 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.

👉Recurring income
👉Rising dorm rents
👉More stable earnings profile

📊 Analyst Target Price:

Phillip Research: S$1.08
DBS Research: S$0.90

📉 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.

📌 My Trade Action

I initiated a position with an average price of 0.7333 on Friday

Target:

🎯 0.785
🎯 0.85
🎯 0.925

⚠️ Exit if the price closes below 20 EMA for 2 consecutive days

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 ‘InvestSG’ on WhatsApp: https://wa.me/6590908871