𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *9/3/26*

.

STI: 4848 (+2) | HSI: 25757 (+435) | Dow: 47501 (-443) | S&P: 6740 (-90) | Nasdaq: 22387 (-361)

.

*US Markets Overnight!*

.

*Rough Jobs Report Caps a Rough Week for Stocks*

.

US stocks wrapped up Friday in the red, extending the losing streak to two weeks. The Nasdaq fell 1.6%, the S&P 500 dropped 1.3%, and the Dow slid 1.0%, with the Dow down 3% for the week, its worst showing since April.

.

The main catalyst, a surprisingly weak US jobs report. The economy lost 92,000 jobs in February, versus expectations for a 50,000 gain, while unemployment ticked up to 4.4%. Not exactly the kind of data that inspires risk appetite.

Meanwhile, bond yields edged higher, with the 10-year Treasury at ~4.15%, continuing the climb from 3.95% last week.

.

But the real drama came from energy markets.

*Oil* absolutely ripped. WTI crude briefly hit $92.61 and ended around $90.65, up nearly 12% on the day and an eye-popping 35% for the week, its largest weekly gain since futures began trading in 1983. The surge came as tensions in the Middle East escalated, tanker traffic through the Strait of Hormuz stalled, and rhetoric from President Donald Trump toward Iran turned sharply hawkish.

.

Safe havens joined the party. *Gold* climbed 1.7% to $5,165, silver gained 2.5%, while the US dollar softened slightly. Bitcoin, after briefly dipping to $63K earlier in the week, hovered around $68K.

On the corporate side, *Marvell Technology* surged 18% after earnings, easily the standout winner on the Nasdaq. *Gap* dropped 14% post-results. Costco managed a modest 1.6% gain after its report. All *Magnificent Seven* names ended lower, adding pressure on the broader tech-heavy indices.
.

Positioning in the market is getting interesting though. With heavy put buying and bearish sentiment building, some strategists say the market is starting to look like a “rubber band” stretched tight. If geopolitical tensions cool, a snapback rally would not be surprising.

.

For now though, it seems that between weak jobs data and Middle East risk, markets are choosing caution over courage.

.

*Interview with Lianhe Zaobao on SG Market*

.

Markets rattled by geopolitics, but is the worst over, or just a pause before the next headline?

.

Friday saw the STI edge up 0.03% to 4848.25. Market breadth was positive, with 342 stocks rising against 233 decliners. Trading volume came in at 1.38 billion shares, worth S$2.09 billion. After a tense start to the week driven by Middle East uncertainty, local markets appear to have found a moment of calm.

.

In my chat with Tobby Siew from Lianhe Zaobao, we discussed how the STI could move into a consolidation phase if no new shocks emerge, though geopolitical developments remain the key swing factor. Looking ahead, investors will also be watching Singapore’s upcoming unemployment data, alongside signals from the Fed, with a March rate cut still looking unlikely.

.

From an investment perspective, energy and gold remain useful hedges during periods of uncertainty, especially if supply risks push oil higher or investors rotate into safe havens.

.

Big thanks to Tobby for the detailed write-up and for capturing the SG market pulse so well. Always appreciate how clearly the story and sentiment of the market were brought across.

.

You can read more here:

https://www.zaobao.com.sg/finance/singapore/story20260306-8691558

.

*What’s Brewing This week!*

.

It’s going to be an interesting week for markets, with inflation back in the spotlight just days before the Federal Reserve meets to decide its next move on interest rates. We’ll get the February *CPI* on Wednesday and the *PCE inflation gauge* on Friday, which is the Fed’s preferred measure. After a mix of hotter and cooler inflation readings recently, investors will be watching closely to see whether price pressures are actually easing or just taking a breather. These two reports could shape expectations for rate cuts, so don’t be surprised if markets get a little jumpy midweek.

.

There’s also a decent batch of economic data that will give us a read on the broader economy. Existing home sales and housing starts should offer clues about whether the housing market is finally stabilising after a tough stretch, while trade data, jobless claims and consumer sentiment will help investors gauge how confident both businesses and consumers are right now.

.

On the corporate side, earnings will give us another look at the AI and software trade. *Oracle, Adobe and Hewlett Packard Enterprise* are the key names here, and investors will be looking for signals on how strong enterprise spending on AI infrastructure and cloud services really is. With tech valuations still sensitive to the AI narrative, these results could move sentiment across the sector.

.

Retail is also in focus, with *Dollar General* leading a round of consumer related earnings alongside *Ulta Beauty, Campbell’s, Petco and Dick’s Sporting Goods*. Dollar General in particular is often seen as a useful barometer for lower income consumers, so investors will be paying attention to what it says about spending trends in a still high cost environment.

.

And finally, in the EV space, Chinese players *Nio* and *Li Auto* will report results, offering a glimpse into how competition is shaping up in the world’s largest electric vehicle market and how the pressure on Tesla is evolving. Overall, it’s a week where macro data and corporate earnings could both move markets, especially with that Fed decision just around the corner.

.

Outside of the US, the spotlight early in the week falls on China. On Monday, China releases its February *CPI and PPI numbers*. Inflation in China has been extremely subdued, with CPI barely above zero and producer prices still in deflation. If this trend persists, it reinforces the narrative that China’s domestic demand recovery is still uneven. Markets will be watching closely because weak inflation often strengthens expectations for further policy support from Beijing. For investors in Asia, this matters as China’s growth pulse still has spillover effects across the region.

.

Also on Monday, finance ministers gather for the *Eurogroup meetings*. These discussions rarely trigger immediate market reactions, but they do provide clues on fiscal direction and economic priorities within the eurozone, especially as Europe continues balancing growth concerns with fiscal discipline.

Tuesday shifts attention to China again. *China’s trade balance* will give another read on global demand. A strong surplus often reflects resilient exports, but markets will also look beneath the surface to see whether imports are picking up, which would signal improving domestic activity.

.

Closer to home, Wednesday brings *Singapore’s unemployment rate* for the fourth quarter. The labour market has been relatively resilient, and any signs of stability would reinforce the view that the domestic economy is still holding up despite external uncertainties. In *Europe, industrial production data* will also be released, offering another snapshot of how the region’s manufacturing sector is coping with slower global demand.

.

===

*Happening Today*

SG XD:

— BHG Retail Reit - CAPITAL DISTRIBUTION : SGD 0.0007

SG:

— Foreign Reserves USD (MoM) (Feb)

JP:

— Adjusted Current Account (Jan)

CN:

— PPI (YoY) (Feb) / CPI (YoY) (Feb)

EU:

— Eurogroup Meetings

US:

— NY Fed 1-Year Consumer Inflation Expectations (Feb)

.

===

*SG Stock news*

— *OKP* has secured a contract worth approximately S$87.3 million from the Land Transport Authority (“LTA”) for commuter infrastructure works around the upcoming stations along the Jurong Region Line (“JRL”) in Singapore.

— *Sembcorp* clarified that none of its Middle East facilities were damaged despite media reports, operations at Fujairah F1 in the UAE and its Oman projects continue normally, employees are safe, and Singapore’s gas supply remains secure due to diversified sources not reliant on the Middle East.

— *OxPay* announces partnership with Liquid Group on expanding QR wallet acceptance for merchants

— Michael Kum raises stake in *Marco Polo Marine* to 5.77% after buying shares from *Penguin International* at 13 cents each

— *GuocoLand* announced that its subsidiary, in a joint venture with Intrepid and TIDR, successfully acquired a Lentor Central land parcel for S$657.1 million for residential development, with all parties’ interests and loans proportional and not prejudicial to minority shareholders.

—❗ *Metech International* announced that the SGX-ST has rejected its request for a waiver to proceed with the proposed disposal of 80% of Asian Eco Technology, and the Board is considering next steps, including a possible shareholder vote.

— *ecoWise* expects to report a net loss from continuing operations for both 3Q FY2026 and 9M FY2026, mainly attributable to (i) lower other income mainly due to absence of one-off gain on disposal of assets held for sale in the current periods and (ii) higher administrative expenses mainly driven by higher manpower costs.

.

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

𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐫𝐚𝐩 (𝐖𝐞𝐞𝐤 𝐞𝐧𝐝𝐞𝐝 𝟔/𝟑/𝟐𝟔)

March Madness: Meltdown or Cooldown?

It has been a tough week, and certainly a tough start to the month of March. We saw a clear knee-jerk correction at the start of the week, with the 𝐒𝐓𝐈 gapping down on Monday as global risk sentiment turned cautious. It went on to hit a weekly low of around 4,770 mid-week before staging a modest rebound to about 4,840 as of Friday noon. For now, it appears the initial wave of selling pressure has eased somewhat, but clearly, we are not out of the woods yet.

STI Sneezed, Banks Wheezed

With the STI shedding as much as 5.3% at one point this week, the banks, being STI heavyweights, were never going to escape the downdraft.

𝐃𝐁𝐒 gapped down from $57.12, hitting a low of $54.64 (-4.3%) before recovering slightly to around $55.05 as of Friday noon.

𝐎𝐂𝐁𝐂 did not fare much better, slipping from $21.43 to $20.79 (-3%) by Friday noon.

Meanwhile, 𝐔𝐎𝐁 bore the brunt of the pressure. The stock had already been under strain following its earnings release, even before the Iran conflict escalated. This week, it dropped to $36.12 as of Friday noon. In total, it has fallen about 6.9% since its earnings announcement. Technically speaking, UOB is now testing an important zone, a confluence of its 200MA and a key support level around $35.85. It is a level many chart watchers will be keeping a close eye on.

Defense, Oil, Gold… The Geopolitical Trio

When geopolitical tensions rise, three sectors tend to come into focus.

First, defence. 𝐒𝐓 𝐄𝐧𝐠𝐠 surged to an ATH of $11.18 earlier in the week before pulling back slightly to trade at $10.73 as of Friday noon, still a great 7.6% weekly gain.

Second, energy. Oil is often the most immediate barometer of geopolitical risk, especially when tensions involve the Middle East. If supply disruption becomes a real concern, oil prices can move quickly. As a result, oil-related names tend to enjoy a short-term boost. In that sense, retail favourites such as 𝐑𝐞𝐱 𝐈𝐧𝐭’𝐥 (around $0.182 as of Friday noon, up 25% for the week) and 𝐑𝐇 𝐏𝐞𝐭𝐫𝐨𝐠𝐚𝐬 ($0.21, up 27%) had an outstanding run.

Third, gold. Gold behaves a little differently. Unlike oil, gold is more about fear and capital preservation. When uncertainty rises, institutions often rotate into gold as a hedge. On the SGX, 𝐂𝐍𝐌𝐂 𝐆𝐨𝐥𝐝𝐦𝐢𝐧𝐞 had a stellar week, hitting a new ATH of $2.12.

Meanwhile, the 𝐒𝐏𝐃𝐑 𝐆𝐨𝐥𝐝 𝐒𝐡𝐚𝐫𝐞𝐬 𝐄𝐓𝐅 did not surge as much as some expected, partly due to the strengthening of the USD, which tends to cap gold’s upside. Still, there is good news for retail investors, a new option has entered the market with the launch of the 𝐋𝐢𝐨𝐧𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐡𝐲𝐬𝐢𝐜𝐚𝐥 𝐆𝐨𝐥𝐝 𝐄𝐓𝐅 today, giving investors more ways to gain exposure to the precious metal.

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

𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐚𝐫𝐞 𝐬𝐡𝐚𝐤𝐢𝐧𝐠. 𝐖𝐚𝐫 𝐭𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐫𝐢𝐬𝐢𝐧𝐠. 𝐎𝐢𝐥 𝐩𝐫𝐢𝐜𝐞𝐬 𝐬𝐩𝐢𝐤𝐢𝐧𝐠. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐬𝐭𝐨𝐜𝐤𝐬 𝐩𝐮𝐥𝐥𝐢𝐧𝐠 𝐛𝐚𝐜𝐤. 🤦‍♂️

But here’s the thing most investors miss… The charts are telling a very different story.

In this video I break down the S&P 500, Nasdaq, Dow and STI using my 1GT (Pro) Indicator to show what might happen next.
>> >> https://youtu.be/UtvBsuI89Js

After months of consolidation, ST Engineering (S63.SI) has finally shown some strength, pushing above the $10 level.

In my latest article, I break down:
✅ Key support and resistance levels
✅ How traders can ride the move using SGX DLCs

If $10.00 continues to hold as support, the next upside zone may be coming into focus.

👉 Read it here:
https://joeychoy.beehiiv.com/p/st-engineer...

We just wrapped up another AMAS SG session where we broke down the 𝐒𝐓𝐈, analysed 𝟏𝟒+ 𝐒𝐆 𝐬𝐭𝐨𝐜𝐤𝐬 requested by you, and revealed 𝟑 𝐛𝐨𝐧𝐮𝐬 𝐒𝐆 𝐬𝐭𝐨𝐜𝐤 𝐩𝐢𝐜𝐤𝐬, all using the 𝟏𝐆𝐓 (𝐏𝐫𝐨) 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫.

Some of the stocks covered include CDL, CSE Global, AEM and many more. 

📅 𝐌𝐢𝐬𝐬𝐞𝐝 𝐢𝐭 𝐨𝐫 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐫𝐞𝐰𝐚𝐭𝐜𝐡?
👉 Watch the full replay here:
https://www.youtube.com/watch?v=vjuBoOS9O-Q

@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://youtu.be/f1ORyjXUWQY
$DBS(D05.SI) $UOB(U11.SI) $ST Engineering(S63.SI) $Geo Energy Res(RE4.SI) $ASTI^(575.SI)

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

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

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

$Boustead(F9D.SI) 

‌

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

• ‌Retail subscription: 5–10 March 2026


• Trading debut: 12 March 2026

More detail at the link below:

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

‌

$Boustead(F9D.SI)

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

‌

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

‌

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

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


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


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

‌

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

‌

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

‌

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

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

‌

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

Status: Balanced & Stable
WADM:  ~4.0 years

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


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

‌

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

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


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

‌

Summary Table: 2026 Resilience Check

‌

‌

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

Kenny Loh is a distinguished MAS Private Wealth Advisor with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.

‌

$Keppel DC Reit(AJBU.SI)

‌

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

‌

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

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


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

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

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


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

Target Prices:

• Consensus Target: $2.53.


• UOB Kay Hian: $2.82.


• OCBC Research: $2.78

‌

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

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


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

Balance Sheet:

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


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


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

‌

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

The recent escalation of geopolitical tensions involving the US and Iran has pushed oil prices sharply higher, triggering a rally across the global energy complex.

Coal futures have also strengthened alongside oil. The Newcastle coal futures (NCF) surged following the rise in energy prices.

At the same time, the SGX M42 Thermal Coal Futures benchmark (M42F), which tracks Indonesian coal prices, has climbed to a year-high of US$54.80 per tonne, up from around US$40 six months ago, reinforcing the ongoing uptrend.

Higher coal benchmarks such as NCF and M42F are positive for coal producers like $Geo Energy Res(RE4.SI), as stronger coal prices translate into improved margins and operating cash flow.

📊FY2025 Results Highlights

Despite weaker coal prices, Geo Energy delivered strong operational results in FY2025:

• Coal sales increased 62% to 12.8 million tonnes
• Revenue rose 40% to US$562.7 million
• Net profit reached US$27.5 million

These results demonstrate the company’s ability to grow production and maintain profitability even in a softer coal price environment.

💡Key Investment Drivers:

(Source: Phillip Research)

1️⃣Production Growth

Geo Energy owns four coal mining concessions in Indonesia.

The group produced about 12.5 million tonnes of coal in FY2025, exceeding its production target. Production could increase significantly as output ramps up from the Triaryani (TRA) mine, with potential production reaching 20–25 million tonnes annually once supporting infrastructure is completed.

2️⃣Infrastructure & Toll Income

Geo Energy is developing an integrated haul road and jetty infrastructure, expected to be completed in mid-2026.

Once operational, the company can generate toll income from third-party miners using its haul road, creating a recurring revenue stream beyond coal mining.

With these developments, Geo Energy is gradually evolving from a pure coal miner into an integrated energy infrastructure player.

Phillip Securities maintains a BUY recommendation with a target price of S$0.59.

📈My Technical View:

Geo Energy’s share price has been consolidating since the start of the year within the 0.40–0.45 range, forming a clear base.

On 3 March, my General X trend-following indicator triggered a Buy signal. The stock then broke above the 0.45 resistance, even as the broader market was selling off.

Geo Energy ended last week with a high of 0.46, indicating strong relative momentum.

If the breakout holds, the next upside targets could be 0.52, followed by 0.60.

🌟My Trade Action

I initiated a position at 0.45 on 3 March, following the General X Buy signal.

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

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

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

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

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

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

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

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

$Seatrium Ltd(5E2.SI) 

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

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

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

Key Highlights (FY2025)

• Net profit: S$324m (+106% YoY) 

• Revenue: S$11.5b (+24% YoY) 

• Gross margin: 7.4% (vs 3.1%) 

• ROE: 4.9% 

• Dividend: 3 cents (doubled) 

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

• ~40% exposure to renewables and green solutions

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

Structural Improvements

• Balance sheet stabilised post recapitalisation 

• Cost optimisation ongoing 

• Improved capital discipline 

• Diversification into renewables and offshore wind

The company is moving from survival to structured recovery.

My Technical View

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

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

• Breakout above S$2.31 resistance with strong volume

Next targets: S$2.50, then S$3.00

My Trade Plan

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

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

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

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