𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *15/10/25*

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STI: 4354 (-34) | HSI: 25441 (-448) | Dow: 46270 (+203) | S&P: 6644 (-10) | Nasdaq: 22521 (-173)

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*Soy Long, China: Trade War’s Back on the Menu*

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To be honest, wasn’t as bad as I thought it would be if last night’s US market opening was anything to go by. Wall Street had a bit of a mood swing. The S&P 500 slipped after an end-of-day selloff, thanks to a fresh flare-up in U.S.-China trade tension. Trump took aim at Beijing again, accusing China of snubbing U.S. soybeans and even floated “terminating business” on cooking oil. Yes, cooking oil is now part of the trade war menu.

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While Trump was stirring that pot, Powell tried to calm nerves. The Fed chief hinted that quantitative tightening might soon wrap up and warned that tariffs could hurt jobs if rate cuts lag. Markets took that as dovish music, with Treasury yields tumbled and rate-cut bets spiked.

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Gold, meanwhile, was on fire. It hit a new record above $4,100 an ounce as investors fled to safety. Silver tagged along for the ride. Oil, on the other hand, lost steam. The IEA expects supply growth to outpace demand, with OPEC+ pumping more and global consumption looking a bit “subdued.”

Trade war déjà vu, a dovish Fed, and gold stealing the spotlight. I guess that sums all up.

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*What’s brewing today!*

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I guess we all know what happened in the last few days. Trump threatened tariff on China last Friday. SG market plunged but off low on Monday. Trump try to “pacify” and play down the tariff threat, US market rebounded on Konday night and we saw SG market rebounding yesterday. But afternoon, SG market took a plunge after China sanctioned 5 US subsidiary of South Korean giant, Hanwha Ocean, prompting concerns of escalating US-Sino trade war. Throughout these period, my personal observations was that established REITs like the Mapletrees, the Keppels, the Capitalands were not really impacted much, probably of rate cut optimism. I guess for more conservative investors, this is a sector we can take a look at in the near term. Just my personal 2c worth.

https://uk.investing.com/news/economy-news/powell-turns-dovish-paving-way-for-october-rate-cut-jpmorgan-4305515

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===

*Happening Today*

SG Earnings:

— Aztech

SG (XD):

— Keppel Reit: SGD0.01615

— SingaporeKitchen: SGD 0.0025

— UOA: AUD 0.005

EU

— Industrial Production (MoM) (Aug)

US:

— Beige Book / NY Empire State Manufacturing Index (Oct) / FOMC Member Bostic Speaks / Fed Waller Speaks / API Weekly Crude Oil Stock

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*US Stocks news*

— *JPMorgan Chase* posted profit and adjusted revenue that topped expectations, thanks to a recovery in dealmaking following a tariff-induced stalling earlier this year. The rebound in deals helped to boost fees at firm’s key investment banking unit by 16% versus a year earlier. But shares in the largest U.S. lender declined as the amount of provisions for credit losses climbed.

— *Wells Fargo* reported better-than-expected third quarter earnings on Friday, with revenue growth across both consumer and commercial businesses driving shares up more than 3%.

— *Johnson & Johnson* reported third-quarter earnings and revenue above analyst expectations, and announced it plans to spin off its orthopaedics business. The pharmaceutical titan’s shares were down by 1.7%.

— *General Motors* said it had incurred $1.6 billion in charges related to dialing back its electric vehicle production strategy, reflecting challenges faced by the U.S. auto industry as the federal government’s support for EVs shows indications of waning. Shares were hovering just above the flatline.

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*SG Stocks news*

— *Centurion Corp* poised to enter London student dorm market with acquisition of site for £41 million

— *Vin’s Holdings* announced it now accepts major cryptocurrencies and stablecoins for all products and services, partnering with a licensed digital payment provider to ensure secure, compliant transactions as part of its digital transformation and commitment to financial innovation.

— *SIIC Environment* announced that the Shanghai Government plans to transfer ownership of its controlling shareholder, SIIC, to Golden Bell as part of an internal reorganisation, which will not affect the company’s ultimate control since all entities involved are wholly owned by the Shanghai Government.

— *Ever Glory United* applies for transfer to Mainboard

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*SG Earning calendar*

15/10: Aztech

22/10: MPACT, Digicore, Sabana

23/10: FCT^, UOI, Suntec, OUEREIT

24/10: iFast, KDCR

28/10: KIT^, CICT^, Keppel Pac Oak, MLT, First REIT

29/10: Capland Ascott^, MIT, KREIT

30/10: CDLHT^, GE^, Capland China^, FEH^, Lendlease, Wilmar, Keppel

31/10: Cap India^, Capland Ascendas

4/11: Elite UK REIT^

5/11: AA REIT^

6/11: UOB^, DBS^

7/11: OCBC^, Frasers L&C

10/11: Singpost^

13/11: SIA

14/11: Frasers Property

^ denote before market opens.

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Sources:

www.sgx.com

www.investing.com

www.theedgesingapore.com

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Start your investment journey here:

https://tinyurl.com/TTP-dan

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Cheers!

Dan

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

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#dailyupdate #tradeSGX #poems #danccs

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *14/10/25*

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STI: 4389 (-37) | HSI: 25889 (-400) | Dow: 46067 (+588) | S&P: 6654 (+12) | Nasdaq: 22694 (+490)

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*At the whim of Trump!*

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Looking at the US stock markets in the last 2 trading days, I just can’t help but feel that it is a Trump playground (iykyk). US stocks bounced back in style overnight, with the S&P 500 shaking off Friday’s trade-war jitters after Trump dialed down the chest-thumping on China. The President said over the weekend that “everything will be fine” and that the US isn’t looking to “hurt” China, words that now soothed markets faster than a rate cut rumor.

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Beijing, for its part, defended its export curbs on rare earths but didn’t add fresh tariffs, hinting it’s not looking to pour more fuel on the fire either. Analysts reckon the upcoming Trump–Xi meeting could be the off-ramp both sides need if egos don’t get in the way.

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Traders, however, haven’t forgotten that Friday’s tweets were just one meltdown ago, so sentiment’s still fragile. Meanwhile, the usual suspects, the AI hype and rate-cut hopes, kept equities buoyant, while gold flexed hard. The yellow metal hit a new record above $4,100 an ounce, as investors kept one foot in the “safety first” camp.

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All eyes now shift to bank earnings, which kick off reporting season. Expect traders to mine every CEO comment for clues on how the economy’s really holding up amid the data blackout from the ongoing government shutdown.

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*What’s brewing today!*

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Yesterday, as expected, was a “red” day with STI down 37 points. Among the STI’s 30 constituents, all were losers except for *CityDev* and *UOL*. Not surprising considering the big selldown in the US last Friday. Consolation is that most big cap stocks closed off their respective lows, which is not a bad sign. Among the two stocks that I most recently mentioned, *Bumitama Agri* proved its mettle by locking in a 1c gain yesterday. Still have legs to run, imo. The other one, *Sembcorp*, got an early scare yesterday, down as much as 16 cents at one point in time, closed at $6.37, down only 4c. Based on my personal reading on the chart, breakout is still in play, although I have to admit a bit shaky…. But all is still okay… for now, as far as the chart is concerned. Not sure how today and the near future pan out though.

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This is a bit far-fetched, but it is not unthinkable. It was announced yesterday that Genting Bhd plans to buy out and delist its unit Genting Malaysia Bhd in a deal worth RM6.7B. So now, the golden question, could *Genting Singapore* be the next? Well your guess is as good as mine. I think the market reaction, if any, today may gives us some telltale signs.

https://theedgemalaysia.com/node/773842

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*SGX Research Vault*

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*REIT Watch – S-REITs fundraising continues uptrend in 2025, reaching S$4 billion for YTD*

https://www.sgx.com/research-education/market-updates/20251013-reit-watch-s-reits-fundraising-continues-uptrend-2025

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*Placements Continue, SERT Buys Back Units*

https://www.sgx.com/research-education/market-updates/20251013-placements-continue-sert-buys-back-units

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===

*Happening Today*

SG (XD):

— Azeus: HKD 3.9

— Union Gas: SGD 0.0048

SG:

— GDP (Q3)

US

— IMF Meetings / Fed Chair Powell Speaks / FOMC Member Bowman Speaks / Fed Waller Speaks / Fed Collins Speaks

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===

*US Stocks news*

— *Broadcom* rallied 10% after the designer of customer AI chips and ChatGPT-maker OpenAI announced that they are working to jointly develop and deploy 10 gigawatts of custom AI accelerators and computing systems.

— *Oracle* is also due to hold a much-anticipated AI event in Las Vegas this week, while earnings are due out from big-name semiconductor players ASML and TSMC in the coming days.

— *Warner Bros Discovery* jumped after after Bloomberg, citing people familiar with the matter, reported that the company had rejected Paramount Skydance’s proposed buyout of roughly $20 a share, potentially the latter’s to consider a range of options including an improve bid or a hostile takeover.

— *Bloom Energy* soared nearly 27% on news that asset manager Brookfield would spend $5 billion deploying the fuel cell company's technology in AI factories.

— *JPMorgan Chase*, which releases third-quarter results tomorrow, ended up 2.4% after the world's biggest bank said it was planning to pump $1.5 trillion dollars over 10 years into industries seen as critical to U.S. national interests,

— *USA Rare Earth* and *MP Materials* continued their recent ascent since China announced it was tightening rare-earths exports, popping 19% and 21%, respectively.

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*SG Stocks news*

— *GKE* renews lease of property with JTC, to deploy funds raised from recent placement

— *Audience Analytics Limited* has received SGX approval to list and quote up to 5,437,775 new shares at S$0.30 each as part of the consideration for acquiring a 30% stake in VeecoTech Holdings Sdn. Bhd.

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===

*SG Earning calendar*

15/10: Aztech

22/10: MPACT, Digicore, Sabana

23/10: FCT^, UOI, Suntec, OUEREIT

24/10: iFast, KDCR

28/10: KIT^, CICT^, Keppel Pac Oak

29/10: Capland Ascott^, MIT, KREIT

30/10: CDLHT^, GE^, Capland China^, FEH^, Lendlease, Wilmar, Keppel

31/10: Cap India^, Capland Ascendas

4/11: Elite UK REIT^

5/11: AA REIT^

6/11: UOB^, DBS^

7/11: OCBC^, Frasers L&C

10/11: Singpost^

14/11: Frasers Property

^ denote before market opens.

.

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

$AIS TH SDR 10to1(TADD.SI) $Kasikorn BK TH SDR1to1(TKKD.SI) $Delta TH SDR 1to1(TDED.SI)
After months of sideways action, the Thai market is starting to show signs of life

The 3 SGX-listed Thai giants are leading the way - ADVANC, KBANK and DELTA

All 3 stocks have flashed bullish 1GT (Pro) signals and are now riding strong uptrends across key sectors like telecom, banking, and electronics.

💡 If you’ve been waiting for a turn in Thai equities, this could be it.
And the best part? You can access these directly in SGD via the Thai SDRs on SGX.

👉 𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗰𝗵𝗮𝗿𝘁 𝗯𝗿𝗲𝗮𝗸𝗱𝗼𝘄𝗻𝘀 𝗵𝗲𝗿𝗲:
https://joeychoy.beehiiv.com/p/3-thai-sdrs...

I just posted a quick breakdown of all 3 SG banks using my One Good Trend strategy + 1GT (Pro) Indicator. 📊
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI)

👉 Watch now to see what the charts are really saying:
https://youtu.be/Y0798D7K7ME

$CNMC Goldmine(5TP.SI) Prices broke the 1.20 resistance, forming a new support, with the 1GT Bullish signal from July continues to play out.

20d, 100d and 200d Moving Averages pointing up, supporting the continued strength, with immediate target drawn toward 1.50 first.

If prices are able to break above the 1.50, may potentially see a new 1GT Bullish signal appear, alerts set..

@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!

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https://youtu.be/inhbwWlj1a0
$STI(^STI.IN) $Sembcorp Ind(U96.SI) $Seatrium Ltd(5E2.SI)

https://youtu.be/p3IsJymRkRQ
$DBS(D05.SI) $SGX(S68.SI) $STI(^STI.IN)

https://youtube.com/live/2bVYwq9YPtg?featu...
$DBS(D05.SI) $SIA(C6L.SI) $Sembcorp Ind(U96.SI)

🪙 CapitaLand Ascendas REIT (YTD: +10.51% | 5D: -0.35%) $CapLand Ascendas REIT(A17U.SI)
🗓 7 Oct – Announced accretive acquisition of three fully occupied industrial and logistics properties in Singapore for ~S$565.8m.
Properties include 2 Pioneer Sector 1, Tuas Connection, and 9 Kallang Sector. This move strengthens its local presence and brings total investments in 2025 to ~S$1.3b. Completion expected by 1Q 2026.

🪙 Keppel REIT (YTD: +14.94% | 5D: -3.85%) $Keppel Reit(K71U.SI)
🗓 8 Oct – Launched private placement to raise no less than ~S$113m, with ~97% allocated for partial financing of a new acquisition, and 3% for related fees.
🗓 9 Oct – Announced pricing and allotment results of the private placement.

🪙 OUE REIT (YTD: +22.81% | 5D: +2.94%) $OUEREIT(TS0U.SI)
🗓 8 Oct – Issued S$150m 2.75% 7-year investment-grade green notes.
Strong demand with a peak orderbook of S$412.8m led to a final pricing cut of 30 bps. Debt metrics improved: average debt maturity extended to 3.6 years and weighted average cost of debt reduced to 4.0% p.a. Only 16.2% of total debt matures in 2026.

🪙 Starhill Global REIT (YTD: +13.00% | 5D: -1.74%) $StarhillGbl Reit(P40U.SI)
🗓 10 Oct – Issued S$100m 3.25% subordinated perpetual securities under its S$2b multicurrency debt issuance programme.

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

🎉 A milestone moment at SGX today—Centurion Accommodation REIT (CAREIT) officially made its debut on the Singapore Exchange!

📈 The market welcomed CAREIT with strong enthusiasm:
🟢IPO price: $0.88
🟢Opening price: $0.98 (+11.4%)
🟢Closing price: $0.96 (+9.1% vs IPO)

🏢 CAREIT is Singapore’s first REIT focused on purpose-built worker and student accommodation across Singapore, Malaysia, Australia, and the UK. With a resilient portfolio and stable demand drivers, it aims to deliver long-term value through sustainable income and growth.

📊 Trading symbol: CAREIT (SGX: $Cent Accom REIT(8C8U.SI))

Congratulations to the Centurion team on a successful IPO launch! 🚀

Technical Analysis

• The price chart reflects a clear uptrend channel in recent months following a bottom earlier this year, highlighted with consistent higher highs and higher lows.


• Previous resistance at around S$0.93–0.94 has turned into support, and the price is currently trading above this zone, indicating ongoing bullish momentum.


• Multiple moving averages are converging below the current price, giving further confirmation of upward price movement.


• The next key resistance level on the chart is S$1.00; a breakout above this level could indicate further upside potential.


• Technical risks are mainly a breakdown from the uptrend channel or a reversal below the S$0.93–0.94 support area.

$Frasers L&C Tr(BUOU.SI) 

Fundamental Analysis

• Asset Class & Portfolio: FLCT owns a diversified portfolio of 114 properties valued at around S$6.8 billion, primarily in logistics/industrial (around two-thirds by value) and commercial/business park assets.


• Geographical Exposure: Main markets include Australia (largest), Germany, the Netherlands, Singapore, and the UK. As of March 2025, Australian assets make up about 45% of portfolio value, with Europe and Singapore comprising most of the rest.


• Yield: The annualized distribution yield is about 6.5%–6.7% based on the last 12 months' DPU of S$0.06–0.07 and recent traded prices, placing FLCT among the higher-yielding blue-chip REITs.


• P/NAV (Price to Net Asset Value): NAV per unit was S$1.08 as of March 2025; with the share price near S$0.955, FLCT trades at a P/NAV of roughly 0.88x, reflecting a discount to book value.


• Gearing: The gearing (leverage) ratio stood at approximately 36.8% as of June 2025, comfortably below the regulatory ceiling of 50%, giving FLCT substantial debt headroom for future acquisitions or development.


• Occupancy & DPU: Portfolio occupancy was 92.5% as of June 2025, slightly lower year-on-year, but expected to recover after strategic divestments. DPU for 1HFY25 was 3.00 Singapore cents, 13.8% lower due to higher interest costs, but overall income stability remains robust.

Source: REITsavvy.com

Summary

Frasers Logistics & Commercial Trust is fundamentally supported by a resilient portfolio of high-quality logistics and commercial assets in developed countries, with stable long-term leases, a consistent yield above 6.5%, and prudent capital management. Technically, the REIT is trading in an uptrend channel above key moving averages, with further upside potential if resistance at S$1.00 is surpassed. FLCT’s discounted price-to-NAV, reasonable gearing, and management’s proactive asset enhancement strategy continue to make it an attractive REIT for defensively minded yield investors.

Source: REITsavvy.com