𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *29/4/26*

.

STI: 4887 (-5) | HSI: 25679 (-245) | Dow: 49141 (-25) | S&P: 7138 (-35) | Nasdaq: 24663 (-223)

.

*US Markets Overnight!*

.

*Party’s over… just a little hangover?*

.

US markets took a breather after record highs, nothing dramatic, just a bit of digestion. The S&P 500 and Nasdaq slipped 0.5% and 0.9%, while the Dow Jones barely moved. Feels like a classic “pause after the party” setup, with oil spiking and the Federal Reserve meeting underway. Market’s basically convinced rates stay put at 3.50% to 3.75%, so no surprises expected there.

.

Earnings were the real movers. *Coca-Cola* popped nearly 4%, showing old-school defensives still have juice. On the flip side, *Spotify* got hammered, down 12%, and* UPS* slipped 4%, reminding us guidance matters more than headlines. Big tech wasn’t spared either, *Nvidia* pulled back after hitting ATHs, and with *Alphabet, Amazon, Meta Platforms, Microsoft and Apple* all reporting, this week is where the real test begins.

.

AI sentiment also wobbled slightly. *Oracle* and *SoftBank Group* sold off after concerns around OpenAI missing targets. But let’s be real, one soft datapoint doesn’t kill a multi-year theme. If anything, this is early innings volatility, not thesis-breaking.

.

Macro side, oil stole the spotlight. West Texas Intermediate pushed toward $100 and Brent crude climbed above $111 on geopolitical noise, which nudged yields slightly higher.

.

Looks like markets machiam are cooling off, not cracking. The real story now is whether earnings, especially from Big Tech, can justify valuations. That’s the next catalyst, imo.

.

*Meet & Greet with Elite UK REIT*

.

Sharing my thoughts after meeting up with Elite UK REIT at a Meet & Greet event by The Society of Remisiers (Singapore) last Friday evening.

https://www.linkedin.com/posts/danccs_landbankwithcashflow-eliteukreit-meetandgreet-ugcPost-7454531054142627841-mqjP

.

*What’s Brewing Today*

.

Earnings-wise, after many quarters of disappointment, finally see some upticks in the numbers for *Aztech Global*. Not my favourite counter (personal preference), but may see some market interest after a 166% yoy rise in net profit.

.

Heads-up, investors vested in *DBS*. It is releasing results tmr morning before market opens. Which means today is the last trading day before the results. Take note.

.

Some corporate action to take note of today. *Ever Glory* goes XB 1-for-4 today, in addition to a 10c dividend. Retail popular stocks, *Vicom* and *Wilmar* both going XD today, 5.3c and 10c respectively.

.

===

*Happening Today*

SG XD

— Abundance Intl: SGD 0.0004

— Anchun Intl: CNY 0.12

— Ever Glory: SGD 0.01 + BONUS : OFFER OF 1 FOR 4

— VICOM Ltd: SGD 0.053

— Wilmar Intl: SGD 0.1

SG Earnings

— CLI^, Wilmar, Starhill Global

JP

— Holiday

EU

— ECB President Lagarde Speaks

US

— FOMC Meeting Decision / Crude Oil Inventories / Durable Goods Orders / Housing Starts / Building Permits

.

===

*SG Stock news*

— *Mapletree Industrial Trust* reported FY25/26 DPU of 12.71 cents on stable occupancies and positive rental reversions, despite a slight decline in revenue and income, while strengthening its capital base with a S$300M perpetual securities issuance.

https://links.sgx.com/1.0.0/corporate-announcements/B5K5LXJU7I2F5UP8/886486_20260428_4QFY25_Results_Slides.pdf

— *CapitaLand Investment* posted 1Q26 revenue of S$487M (-2% YoY) with fee income up 10% to S$310M, raised ~S$2.5B, deployed S$7.2B and divested S$3.4B, while maintaining a strong balance sheet (0.41x net debt/equity) despite softer REIB income (-14%)

https://links.sgx.com/1.0.0/corporate-announcements/UJX5OHCMQQ9IDFVT/886556_CLI%201Q%202026%20Business%20Updates.pdf

— *Aztech Global* posted strong 1Q 2026 growth with revenue up 54% y-o-y to $64.7M on rising IoT demand and net profit up 166% yoy, while maintaining a solid net cash position despite modest net profit of $4M impacted by one-off gains, lower interest income, and FX losses.

https://links.sgx.com/1.0.0/corporate-announcements/K016Y3CDO9DM2LGI/886252_1Q%202026%20Business%20Performance%20Update%20Presentation.pdf

— *iREIT Global* portfolio showed improving fundamentals in 1Q2026 with higher occupancy at 92.2% and long WALE of 5.4 years, while maintaining stable leverage and well-hedged debt despite slightly higher financing costs.

https://links.sgx.com/1.0.0/corporate-announcements/PO45S96O8413CVUJ/886344_IREIT%201Q2026%20Business%20Update.pdf

— *Micro-Mechanics* delivered solid 3QFY2026 growth with revenue up 16.2% to S$18.6M and net profit rising 18.8% to S$3.8M, driven by strong semiconductor demand, improved margins, and continued operational efficiency.

https://links.sgx.com/1.0.0/corporate-announcements/1RF3FS1AG0MDZTC6/886470_MMH%20-%203QFY2026%20and%209MFY2026%20Results%20Presentation.pdf

— *Fortress Minerals* posted a strong FY2026 with sales volume up 14.5% to 724,439 DMT and revenue rising 14.2% to US$64.3M, driving net profit up 64.7% to US$9.8M.

https://links.sgx.com/1.0.0/corporate-announcements/S3Z4IFK0B2P7IOFV/886442_Fortress%20Minerals_4Q%20FY2026%20Presentation.pdf

— *Samudera Shipping* In 1Q 2026, overall volumes were flat and freight rates slightly lower year on year, but higher operating costs and vessel downtime pressured margins, while logistics saw stronger activity with increased storage occupancy and volumes handled.

https://links.sgx.com/1.0.0/corporate-announcements/3FXBIRFUXAGCGO1H/886531_1Q%202026%20BUSINESS%20UPDATE.pdf

— *Seatrium* announced the successful closing of its inaugural S$400 million 2.950% fixed rate notes due 2031 (the “Notes”). Its order book exceeded S$670 million, representing a robust subscription rate of around 1.7 times covered. This issuance marks Seatrium’s first drawdown under its S$3 billion Multicurrency Debt Issuance Programme established on 8 April 2026, reflecting continued market confidence in the Group’s credit profile, financial discipline and long-term growth strategy.

— *GSS Energy* expects to return to profitability in FY2026, driven by potential energy storage opportunities, though outcomes remain uncertain due to non-binding enquiries and macroeconomic risks.

— *Mencast* and *Salt Investments* have entered a strategic collaboration to jointly provide integrated marine oily-waste management services in Singapore, leveraging Mencast’s licensed processing capabilities and Salt’s marine logistics network.

— *GDS Global* secured a new 2-year town council contract in central Singapore to maintain door and shutter systems, strengthening its recurring revenue base and public sector presence, though with no material near-term financial impact.

.

===

*Earning calendar:*

29 Apr: Wilmar, Starhill Global

30 Apr: DBS^, CDLHT^, FHT^, 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

18 May: LREIT

25 May: SATS

.

Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

..

Cheers!

Dan

Start your investment journey here:

https://www.phillip.com.sg/talktophillip/danccs/

Disclaimer:

https://tinyurl.com/dan-disclaimer

.

#dailyupdate #tradeSGX #POEMS #danccs

𝐖𝐡𝐢𝐥𝐞 𝐦𝐨𝐬𝐭 𝐩𝐞𝐨𝐩𝐥𝐞 𝐚𝐫𝐞 𝐬𝐭𝐢𝐥𝐥 𝐰𝐚𝐢𝐭𝐢𝐧𝐠…𝐭𝐡𝐞𝐬𝐞 𝟔 𝐒𝐆 𝐭𝐞𝐜𝐡 𝐬𝐭𝐨𝐜𝐤𝐬 𝐚𝐫𝐞 𝐚𝐥𝐫𝐞𝐚𝐝𝐲 𝐦𝐨𝐯𝐢𝐧𝐠.🤫

Bullish signals triggered. Trying to push higher.

This is where opportunities usually start. I analyzed all 6 — you’ll want to see this.
▶️ Watch here: https://youtu.be/MxPf6wevTUA

🚨 𝐑𝐞𝐩𝐥𝐚𝐲 𝐢𝐬 𝐨𝐮𝐭!
𝐌𝐚𝐫𝐤𝐞𝐭𝐬 𝐚𝐫𝐞 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧… 𝐛𝐮𝐭 𝐈 𝐣𝐮𝐬𝐭 𝐛𝐫𝐨𝐤𝐞 𝐝𝐨𝐰𝐧 𝟐 𝐒𝐆 𝐬𝐭𝐨𝐜𝐤𝐬 (𝐘𝐙𝐉 & 𝐒𝐆𝐗) 𝐬𝐡𝐨𝐰𝐢𝐧𝐠 𝐬𝐭𝐫𝐨𝐧𝐠 𝐬𝐞𝐭𝐮𝐩𝐬 𝐫𝐢𝐠𝐡𝐭 𝐧𝐨𝐰.

Jamie from Macquarie also shared how traders can potentially magnify their gains on these moves. 💪😉

🎥 Don’t miss it — 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?

@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/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)

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.

👉 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.

‌Technical Analysis (TA): The "Rising Wedge" Dilemma

$Keppel DC Reit(AJBU.SI) 

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 – $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 $2.10–$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% – 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.
👉 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.

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) 

‌

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.

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

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 — at a price far above its valuation.

Suddenly, the whole house is worth more… and there are still more rooms to sell.

That’s Olam today.

━━━━━━━━━━━━━━━━━━

Simple breakdown:

Olam is a global agri and food business long seen as “too complex.”

Management’s solution:

👉 break it up

👉 sell parts

👉unlock value

👉 return cash to shareholders

And they’re executing step by step.

━━━━━━━━━━━━━━━━━━

Starting point:

Latest NAV: ~182 cents per share (FY2025, audited)

━━━━━━━━━━━━━━━━━━

The key re-rating catalyst

Olam Agri sale to SALIC:

• ~3× book value

• Estimated gain: S$2.43B

👉 Adds ~63 cents per share

NAV moves:

182 → ~245 cents

From just ONE deal.

━━━━━━━━━━━━━━━━━━

More value unlocking ahead

🔹 ARISE — sold above book

🔹Mindsprint — retained

🔹Remaining assets — gradual divestment

🔹 ofi — potential listing (key upside)

Every sale above book = value unlocked

━━━━━━━━━━━━━━━━━━

Cash is flowing back

Since 2020:

• S$1.6B dividends

• S$81M buybacks

👉Future divestments likely returned via special dividends

━━━━━━━━━━━━━━━━━━

Why it matters now

Market still sees a complex conglomerate

But reality:

👉turning into a sum-of-parts story

🔹Current NAV: ~182 cents

🔹Post-Agri: ~245 cents (est.)

🔹Excludes full valuation of ofi

You’re not guessing.

You’re watching value unlock in real time.

━━━━━━━━━━━━━━━━━━

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 — signalling a possible reversal. My General X system has also triggered a BUY signal on the weekly chart.

Next Target

🎯S$1.23

🎯S$1.94

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

🌟My Trade Action

Initiated position on 23 & 24 Apr

Entry: 1.02 – 1.03

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

First, congratulations to the winner and all participants — well deserved.

Even though this is a simulation, the market is real.
Every gap up, every pullback, every hesitation — you feel it.

That’s what makes this tournament different.
If you traded all 3 weeks following live prices, you’ve already gained something no textbook can teach.

+22.02% in 3 weeks — I’m 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:

• Cut loss fast 

• Follow momentum 

• React, not predict 

• Stay disciplined

I trade for myself and my clients.

I’m a remisier and one of the top traders at Phillip Securities Singapore.

I joined this tournament for one reason:

👉 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 — 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%)

🔹The 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:

🇸🇬 Singapore 

$China Aviation(G92.SI) 

$Wilmar Intl(F34.SI) 

$IFAST(AIY.SI) 

$Wee Hur(E3B.SI) 

$OKP(5CF.SI) 

$YZJ Shipbldg SGD(BS6.SI) 

$Olam Group(VC2.SI) 

🇹🇭 Thailand 

$Delta TH SDR 1to1(TDED.SI) 

🇭🇰 Hong Kong 

$Baidu HK SDR 10to1(HBUD.SI) 

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

📌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

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