𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *2/9/25*

STI: 4276 (+6) | HSI: 25617 (+540) | Dow: - (-) | S&P: - (-) | Nasdaq: - (-)

*What’s brewing today!*

*YZJ Shipbuilding* flew off yesterday, which is a bit of a surprise to me, to be frank. But technically speaking, looking good. Broke out of the $3.00 resistance on higher SDAV. Golden cross sighted. A good chance to test the 52-week high of $3.32 in the next few weeks.

Disclaimer: Not vested. Not a buy/sell call.

*Alibaba (9988HK)* surged 18% to close at HK$137.10 yesterday as well. I think it is well reported in the news. They came out with new AI chips that are based on inference. Looks like the market is taking the news in positively. It is high now, probably some small pullbacks in the near term. But barring any unforeseen circumstances (from Trump or whosoever), this news is likely to serve Alibaba well in the next few weeks, if not months. If you want to gain exposure to Alibaba, you can also consider the *Alibaba SDR (stock code: HBBD)* , which is like trading the SGD equivalent of the HK listing when both markets are opened. For those who are not familiar with SDRs, more info here: https://www.sgx.com/campaign/sdr

In small cap space, vested investors may want to know the reverse takeover of *AsiaPhos*, who acquire a property development company for $59.42M. More details here:

https://www.theedgesingapore.com/news/company-news/asiaphos-acquire-property-development-company-5942-mil-reverse-takeover-bid

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*Happening Today*

SG XD:

— Soilbuild Construction: S$0.02

— ISHARES USD ASIA HY BOND ETF:  US$0.12

— ISHARES USD ASIA BOND ETF: US$0.12

SG: ⭐*S&P Global Manufacturing PMI (Aug)*

EU: CPI / Core CPI (MoM) (Aug)

US: Construction Spending (MoM) (Jul) / ISM Manufacturing / Atlanta Fed GDPNow (Q3)

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*From SGX Research Vault*

*REIT Watch - Retail S-REITs see lower cost of debt and positive rental reversions as retail sales improve*

https://www.sgx.com/research-education/market-updates/20250901-reit-watch-retail-s-reits-see-lower-cost-debt-and

*iFAST Chief Lim Chung Chun Ups Shareholding*

https://www.sgx.com/research-education/market-updates/20250901-ifast-chief-lim-chung-chun-ups-shareholding

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*US Stocks news*.

US markets closed last night!

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*SG Stocks news*

— *Sembcorp* wins PUB tender to build 86MWp floating solar farm on Pandan Reservoir

— *ComfortDelGro* acquires all remaining shares in CityCab for $116.3 mil from *ST Engg*

— *City Dev* completes sale of stake in South Beach to IOI Properties for RM2.75 bil

— *NIO Inc*. delivered a record 31,305 vehicles in August 2025, up 55.2% year-over-year, bringing year-to-date deliveries to 166,472 (up 30.0%) and cumulative deliveries to 838,036.

— *mm2 Asia* to wind up subsidiary Cathay Cinema

— *MetaOptics* seeks to raise $6 million in gross proceeds via all placement offer. Trading begins on 9 Sep

Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

Start your investment journey here:

https://tinyurl.com/TTP-dan

Cheers!

Dan

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

#dailyupdate #tradeSGX #poems #danccs

Feeling grateful and a little humbled after the 𝐀𝐜𝐭𝐢𝐯𝐞 𝐓𝐫𝐚𝐝𝐞𝐫𝐬 𝐅𝐚𝐢𝐫 𝟐𝟎𝟐𝟓 this past weekend 🙏

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The turnout was incredible. A full house, tickets sold out days before the event, and a venue buzzing with passionate traders and investors. Beyond the sessions, one of the best parts for me was catching up with old friends, sharing stories and experiences, and seeing familiar faces still so enthusiastic about learning and growing together.

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I had the privilege of sharing in two sessions:

• 𝐓𝐡𝐞 𝐎𝐭𝐡𝐞𝐫 𝐒𝐢𝐝𝐞 𝐨𝐟 𝐒𝐆𝐗: 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐁𝐞𝐲𝐨𝐧𝐝 𝐭𝐡𝐞 𝐁𝐥𝐮𝐞 𝐂𝐡𝐢𝐩𝐬, where I shared on finding trading opportunities in small caps trading on SGX


• 𝐇𝐚𝐧𝐠 𝐒𝐞𝐧𝐠 𝐓𝐞𝐜𝐡 𝐒𝐞𝐜𝐭𝐨𝐫: 𝐅𝐫𝐨𝐦 𝐓𝐞𝐜𝐡 𝐓𝐢𝐭𝐚𝐧𝐬 𝐭𝐨 𝐓𝐚𝐜𝐭𝐢𝐜𝐬, where I shared on how to trade more efficiently with UBS DLCs

It was also a pleasure to showcase this platform, 𝐈𝐧𝐯𝐞𝐬𝐭𝐒𝐆, a community platform built for investors and traders with a focus on the Singapore market, creating a space for community members to connect, share knowledge, and learn from one another.

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But honestly, the real highlight was learning alongside everyone else. Listening to a line-up of amazing speakers (Terence Wong, Jamie Chung, Marcus Ng, @JoeyChoy, @WilliamLiuInvestment, @kennyloh2, James Ooi, Wee Tze) sharing their insights on trading opportunities, strategies, market outlooks, and leveraged products like 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐝 𝐖𝐚𝐫𝐫𝐚𝐧𝐭𝐬 and 𝐃𝐚𝐢𝐥𝐲 𝐋𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐞𝐬 (𝐃𝐋𝐂𝐬)  reminded me how much there is to learn, and how generous people in our SG investing community are with their knowledge.

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The Market Outlook panel with SGX Market Strategist Geoff Howie, CSOP Head of Fixed Income Bruce Zhang, and Head of Investment Tech UOB Asset Management Paul Ho, and the Trader Roundtable with top-tier remisiers Robin Ho, Joey Choy, and Tiger Brokers Market Strategist James Ooi, both moderated by Edward Choy, were sessions packed with takeaways that I’m sure the audience will be reflecting on for a long time.

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A heartfelt thank you to the organisers, ShareInvestor, InvestingNote, ( @shanison, @nigellim) and the amazing support from SGX, for making this event possible and for creating a space where traders, investors, and enthusiasts can come together.

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To everyone I met over the weekend, thank you for the conversations, the questions, and the energy you brought to the event. I left feeling inspired, motivated, and genuinely excited to keep learning, and I hope my sharing added even a little value to your day.

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Already looking forward to the next one!

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#ActiveTradersFair2025 #InvestSG #TradeSGX #SGInvestingCommunity #FinancialEducation #InvestorJourney #danccs

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Pop Mart just joined the Hang Seng Index. $POP MART HK SDR 20to1(HPPD.SI)

Ping An and Tencent are flashing bullish signals. $Ping An Ins HK SDR2to1(HPAD.SI) $Tencent HK SDR 10to1(HTCD.SI)

What’s driving this surge?

I break it all down with charts and exact levels in my latest article with HK SDRs 👇

https://joeychoy.beehiiv.com/p/hong-kong-s...

Pop Mart just joined the Hang Seng Index. $POP MART HK SDR 20to1(HPPD.SI)

Ping An and Tencent are flashing bullish signals. $Ping An Ins HK SDR2to1(HPAD.SI) $Tencent HK SDR 10to1(HTCD.SI)

What’s driving this surge?

I break it all down with charts and exact levels in my latest article with HK SDRs 👇

https://joeychoy.beehiiv.com/p/hong-kong-s...

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐨𝐮𝐫 𝐓𝐨𝐩 𝐒𝐭𝐨𝐜𝐤 𝐏𝐢𝐜𝐤 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐔𝐒 𝐚𝐧𝐝 𝐒𝐆 𝐌𝐚𝐫𝐤𝐞𝐭. 😊
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https://joeychoy.beehiiv.com/p/september-2...

@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://youtube.com/live/ja1iEzK_r2Y
$DBS(D05.SI) $YZJ Shipbldg SGD(BS6.SI)

https://youtube.com/live/ja1iEzK_r2Y
$DBS(D05.SI) $YZJ Shipbldg SGD(BS6.SI)

https://youtu.be/pTQ7GqQnwzY
$NIO Inc. USD OV(NIO.SI) $REIT(REIT.SI)

🪙Frasers Centrepoint Trust (YTD: +10.43% | 5D: +3.56%)25 Aug – Announced the proposed divestment of ten strata lots at Yishun 10 to Lion (Singapore) Pte. Ltd., a wholly-owned subsidiary of its sponsor Frasers Property. The transaction reflects the optimisation of FCT’s portfolio composition and return objectives for FCT and its Unitholders. $Frasers Cpt Tr(J69U.SI)

🪙CapitaLand China Trust (YTD: +4.17% | 5D: +2.74%)25 Aug – CapitaLand Commercial C-REIT received CSRC approval to register for its listing on the Shanghai Stock Exchange, targeting RMB2.1b via 400m units. This marks China’s first international-sponsored retail C-REIT, with listing expected by 4Q 2025. CLI, CLCT, and CLD will collectively hold at least 20%. $CapLand China T(AU8U.SI)

🪙CapitaLand Ascott Trust (YTD: +1.72% | 5D: +2.31%)27 Aug – Completed the acquisition of three rental housing properties in Osaka and Kyoto for JPY4b (S$34.2m). Expected FY2025 NOI entry yield of 4% versus 0.4% exit yield from a prior divestment. The acquisition is DPS accretive. $CapLand Ascott T(HMN.SI)

See detailed announcements here:
https://reitsavvy.com/insights/s-reits-wee...

This chart for Mapletree Logistics Trust (MLT) displays a multi-year price history, highlighting a potential bullish breakout pattern forming as of August 2025. The downtrend line from the mid-2023 peak has contained price action, with lower highs and lower lows visible up to mid-2025. Recently, prices have consolidated into a symmetrical triangle, a classic technical pattern that suggests indecision and decreasing volatility before a possible significant move.

$Mapletree Log Tr(M44U.SI)

Current price action is near the upper resistance of the triangle, around the 1.22–1.25 range, with a visible blue arrow signaling traders to "watch for a breakout (up)", which may indicate a reversal if price breaches this resistance. Key horizontal resistance levels above are 1.611 and 1.729. Multiple moving averages are converging near the triangle apex, reinforcing the likelihood of imminent directionality. A confirmed breakout could trigger further upside momentum, while failure to break would maintain the bearish bias

📈 Technically, Singapore REITs sector is suggesting a possible reversal, within a range between 663 and 684, a higher range than previously. 50D SMA is now on an uptrend. Resistance around 675–680 has been for the past one month; a breakout above this zone could pave the way toward 700.

🔥 Total Market Cap = S$94.67B (⬆️from S$91.77 Billion)
🎯 Average Price/NAV = 0.82 (⬆️ from 0.78)
🎯 Average Distribution Yield = 5.63% (⬇️ from 5.86%)
🎯 Market Cap Weighted Average Distribution Yield = 5.58% (⬇️ from 5.74%)
🎯 Average Gearing Ratio = 40.39% (⬆️ from 39.91%)
💹 Average Yield Spread (vs 10 years SG Gov yield) = 3.66% (⬇️ from 3.90%)

𝗕𝘂𝗹𝗹 / 𝗕𝗲𝗮𝗿 𝗖𝗮𝗹𝗹 𝗳𝗼𝗿 𝗦-𝗥𝗘𝗜𝗧 𝗦𝗲𝗰𝘁𝗼𝗿 (𝗜𝗻 𝗚𝗲𝗻𝗲𝗿𝗮𝗹):
🐮Valuation (18% discount to Market Fair Value)
🐮Technical Momentum is bullish
🐮Interest Rate Direction (IF there is 50 bps cut by end 2025)
🐻US 10 Year Risk Free Rate @4.44% which has strong inversed correlation to REIT index.

More detail can be found here:
https://reitsavvy.com/insights/singapore-r...

$FSTAS351020(FSTAS351020.IN)‌ ‌ $LION-PHILLIP S-REIT(CLR.SI)‌ ‌ $CSOP iEdge SREIT ETF US$(SRU.SI)‌ ‌ $CSOP iEdge SREIT ETF S$(SRT.SI)‌ ‌ $UOB AP GRN REIT S$(GRN.SI)‌ ‌ $UOB AP GRN REIT US$(GRE.SI)‌ ‌ $BHG Retail Reit(BMGU.SI)‌ ‌ $CapLand IntCom T(C38U.SI)‌ ‌ $CapLand China T(AU8U.SI)‌ ‌ $Fortune Reit HKD(F25U.SI)‌ ‌ $Frasers Cpt Tr(J69U.SI)‌ ‌ $Lippo Malls Tr(D5IU.SI)‌ ‌ $Mapletree PanAsia Com Tr(N2IU.SI)‌ ‌ $StarhillGbl Reit(P40U.SI)‌ ‌ $IREIT Global(UD1U.SI)‌ ‌$Keppel Reit(K71U.SI)‌ ‌ $ManulifeReit USD(BTOU.SI)‌ ‌ $OUEREIT(TS0U.SI)‌ ‌ $Suntec Reit(T82U.SI)‌ ‌ $AIMSAMP Cap Reit(O5RU.SI)‌ ‌ $CapitaLand Ascendas REIT(A17U.SI)‌ ‌ $EC World Reit(BWCU.SI)‌ ‌ $ESR-REIT(J91U.SI)‌ ‌ $Frasers L&C Tr(BUOU.SI)‌ ‌ $Frasers L&I Tr AUD(BWQU.SI)‌ ‌ $Keppel DC Reit(AJBU.SI)‌ ‌ $Mapletree Ind Tr(ME8U.SI)‌ ‌ $Mapletree Log Tr(M44U.SI)‌ ‌ $Sabana Reit(M1GU.SI)‌ ‌ $Far East HTrust(Q5T.SI)‌ ‌ $CDL HTrust(J85.SI)‌ ‌ $CapLand Ascott T(HMN.SI)‌ ‌ $Frasers HTrust(ACV.SI)‌ ‌ $First Reit(AW9U.SI)‌ ‌ $ParkwayLife Reit(C2PU.SI)‌ ‌ $Dasin Retail Tr(CEDU.SI)‌ ‌ $NikkoAM-STC Asia REIT(CFA.SI)‌ ‌ $Sasseur Reit(CRPU.SI)‌ ‌ $Nikko AM STI ETF(G3B.SI)‌ ‌ $STI ETF(ES3.SI)‌ ‌$CapLand India T(CY6U.SI)‌ ‌ ‌$Acro HTrust USD(XZL.SI)‌ ‌ $Keppel Reit(K71U.SI)‌ ‌ $Prime US ReitUSD(OXMU.SI)‌ ‌ $Lendlease Reit(JYEU.SI)‌ ‌ $NikkoAM-STC Asia REIT(CFA.SI)‌ ‌ $ELITE UK REIT(MXNU.SI)‌ ‌ $UtdHampshReitUSD(ODBU.SI)‌ ‌ $STONEWEG EUROPEAN REIT(CWBU.SI)‌ $Cromwell Reit SGD(CWCU.SI)‌ ‌ $CapitaLandInvest(9CI.SI)‌ ‌ $Daiwa Hse Log Tr(DHLU.SI)‌ ‌ $DigiCore Reit USD(DCRU.SI)‌ ‌ $PARAGON REIT(SK6U.SI) $Stoneweg EUTrust EUR(SET.SI) $Stoneweg EUTrust SGD(SEB.SI) $ESR REIT(9A4U.SI)