When the STI takes a breather, it’s not panic. It’s perspective.

Sharing a timely read that reflects the current market backdrop.

This Lianhe Zaobao《联合早报》article highlights how renewed speculation over a more hawkish US Federal Reserve leadership has nudged investor sentiment toward caution, weighing on most Asia Pacific markets and prompting a pullback in Singapore equities. With many stocks having reached recent highs, the move looks more like a healthy consolidation than a shift in fundamentals.

Looking ahead, focus turns to two key drivers, upcoming earnings from several large local companies, and US inflation and labour market data that will shape expectations around the Federal Reserve’s next policy steps. While geopolitical uncertainty and rate expectations may cap near term upside, investors appear selective rather than risk averse.

Overall, the piece offers a clear snapshot of a market pausing to reassess, balancing near term uncertainties with underlying economic signals.

Big thanks to Zaobao Business Journalist, Tobby Siew (早报财经新闻记者,萧维旸) for the interview and for capturing the market mood so clearly and providing context that goes beyond the day-to-day noise.

Markets breathe in and out. This was one of those exhale moments.

Worth a read if you are following Singapore equities and current sentiment.

e-article:

https://www.zaobao.com.sg/finance/singapore/story20260130-8234024

𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐫𝐚𝐩 (𝐖𝐞𝐞𝐤 𝐞𝐧𝐝𝐞𝐝 𝟑𝟎/𝟏/𝟐𝟔)

Blink and You Might Miss It!

It just kept climbing. The 𝐒𝐓𝐈 crossed 4,900 for the first time in history this week, touching a high of 4,933.88 before settling at 4,921 as of Friday noon. Another stellar week on local shores, with momentum staying firmly in the driver’s seat. That said, Friday did come with a slight change in tone. We are starting to see some risk-off sentiment creeping in. So the big question, is this a pause for breath or just a brief pit stop before another push higher next week? We shall see.

From Defense to Data

Among the big caps, 𝐒𝐓 𝐄𝐧𝐠𝐠 continued its fine run, clocking another record-breaking week and touching a high of $9.78 as of Friday noon. Defense, and defensive, remains very much in favour, a steady shield in a market that still values certainty.

𝐊𝐞𝐩 𝐃𝐂 𝐑𝐄𝐈𝐓 also sprang to life on Friday after posting a record FY2025 DPU of 10.381 cents, up 9.8%. The surge saw the counter clear a key resistance at $2.27 and push above its 200MA. The question now, is this just a knee-jerk reaction, or the start of a convincing breakout?

And there is just no stopping for 𝐂𝐚𝐩𝐢𝐭𝐚𝐥𝐚𝐧𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬. After last week’s mention, it refreshed its 52-week high to $3.11 this week (as of Friday noon). Fantastic performance.

When SMIDs Run, They Really Run

Once again, the week belongs to the SMIDs (Small-Mid Caps). Don’t even know where to start. 😂

𝐑𝐞𝐜𝐥𝐚𝐢𝐦 𝐆𝐥𝐨𝐛𝐚𝐥, which I highlighted last week, continued edging closer to its 52-week high of $0.55, touching $0.495 during the week before easing back to $0.48 by Friday’s noon. A gentle breather after a steady climb.

𝐍𝐚𝐦 𝐂𝐡𝐞𝐨𝐧𝐠 had an awesome week, pushing its 14-year high boundary further to $1.23. And it wasn’t alone, several counters joined the “new highs” club over the course of the week.

𝐎𝐔𝐄 𝐑𝐄𝐈𝐓 hit a 3-year high of $0.38 following a 10.6% jump in its 2H25 DPU, driven by resilient performances across its commercial and hospitality assets, proactive capital management, and lower finance costs. Fundamentals doing the heavy lifting here.

Despite the recent news in Indonesia, with MSCI halting Indonesia’s index change, 𝐁𝐮𝐦𝐢𝐭𝐚𝐦𝐚 𝐀𝐠𝐫𝐢 continues to be a beacon of strength, if not resilience. The counter trended up from $1.33 to a high of $1.50 as of Friday noon, an impressive 12.8% gain that speaks volumes.

An under-the-radar name worth mentioning is 𝐇𝐨𝐧𝐠 𝐅𝐨𝐤. A surprise surge from $0.83 to $0.90, up 8.4%, caught even vested investors off guard. Its 2-year high now sits just a whisker away at $0.905.

𝐁𝐨𝐮𝐬𝐭𝐞𝐚𝐝 also broke past its previous high of $1.96 to hit an 11-year high of $2.01. There wasn’t much news flow this week, but the forward-looking catalyst could be the proposed listing of UI Boustead REIT, announced in mainstream media a few months back.

Cheers!

Dan

See Disclaimer

#weeklywrap #tradeSGX #danccs

===

If you think Dan can value add to your investment journey, click here: tinyurl.com/gotopoems

Disclaimer: tinyurl.com/dan-disclaimer

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *30/1/26*

.

STI: 4930 (+20) | HSI: 27968 (+141) | Dow: 49071 (+56) | S&P: 6968 (-9) | Nasdaq: 23685 (-172)

.

*US Markets Overnight!*

.

*Tech Sneezed, the Market Coughed*

.

US markets chopped around and mostly drifted lower, with tech doing the heavy lifting in the wrong direction. The Nasdaq slipped 0.7% and the S&P 500 eased 0.1%, while the Dow squeezed out a late 0.1% gain.

.

Earnings were the real plot twist. *Microsoft* sank 10% despite a clean beat, cloud growth slowing was enough to spook investors. *Meta* popped 10%, Tesla slid over 3%, and software names got broadly de rated, *Atlassian, ServiceNow, Intuit* and *Salesforce* all down mid to high single digits.

.

On the bright side, post earnings cheers went to *Southwest* and *Royal Caribbean*, both up 19%, plus *Honeywell, IBM, Lockheed, Mastercard* and *Caterpillar*. *Las Vegas Sands* was the obvious party pooper, down 14%.

Apple rounded things out after the bell with a solid beat and strong iPhone sales, nudging the stock about 1% higher in extended trade.

.

Elsewhere, safety trades stayed in fashion. *Gold* and *silver* kept ripping higher, *bitcoin* cooled off to around $84k after a hot overnight run, *oil* jumped 4% on US Iran tensions, yields edged lower, and the *dollar* softened to near four year lows. In short, earnings drove the bus, tech hit the brakes, and defensives enjoyed the ride.

.

*Stock Watch Today*

.

Look out for *Boustead*. Actually, it already broke out of high, but the high is “not stable” yet… not a convincing breakout yet. The forward looking catalyst would be the proposed spin-off of some assets to a REIT called *UI Boustead REIT*, which was announced in mainstream media a few months back.

.

I also don’t know how to feel about this. *CNMC Goldmine* said it is expecting a significant overall improvement in its net profit for FY2025, vs FY2024, attributable to higher average realised prices for gold and silver, coupled with higher production output at both the CIL and flotation processing plants. No doubt this is good news. But price has already went up so much. Has this been priced in? Question to ponder.

.

Too many companies / REITs reporting last night and this morning. Due to time constraints, I cannot do a 2nd take in them individually. Had post them below. Look out for those with ⭐️ and 👍, esp *MPACT, KDCR, Guocoland* and *Micro-mechanics*. Red alert on Ralffes Edu.

.

===

*Happening Today*

SG XD / XB:

— Frasers Property: SGD 0.045

— F & N: SGD 0.04

— Casa: SGD 0.005

— OKP: BONUS : OFFER OF 3 FOR 4

— TJ DaRenTang USD: CNY 2.45

SG Earnings:

— CDLHT^, MPACT^, KDCR^

JP:

— Tokyo Core CPI (YoY) (Jan) / Industrial Production (MoM) (Dec)

EU:

— GDP (YoY) (Q4)

USD

— PPI (MoM) (Dec) / Chicago PMI  (Jan)

.

===

*SG Stock news*

— *Singapore Airlines* and Malaysia Airlines formalise joint business partnership

— *Addvalue Technologies* has secured several new orders through one of its key growth drivers, Space Connectivity (“SPC”)-related Business

—⭐️ *GuocoLand* reports 14% jump in 1HFY2026 earnings

https://links.sgx.com/1.0.0/corporate-announcements/FHP1T69I187EU38J/873496_1H%20FY26%20Results%20Media%20Release_29%20Jan%202026.pdf

—⭐️ *Micro-Mechanics* reported a strong 2QFY2026 with net profit rising 25.2% year on year to S$3.7 million on higher revenue, improved margins and solid cash generation, and declared an interim dividend of 3.0 cents per share.

https://links.sgx.com/1.0.0/corporate-announcements/25B6X85869VINRO0/873520_MMH%20-%202QFY2026%20and%201HFY2026%20Results%20Presentation.pdf

—👍 *Starhill Global REIT* reported stable year on year 1H FY25/26 gross revenue of S$96.3 million and DPU of 1.80 cents, supported by resilient core assets, higher Toshin base rent and lower funding costs despite the impact from asset divestments and currency movements.

https://links.sgx.com/1.0.0/corporate-announcements/26WB7ZT0U6JNBOLQ/873531_SGREIT%20External%20Presentation_1H%20FY2526_Final.pdf

—👍 *CapitaLand Ascott Trust* reported an 11% year on year increase in FY 2025 income available for distribution to S$256.7 million and declared a stable DPS of 6.10 cents, supported by stronger operating performance, portfolio reconstitution and disciplined capital management.

https://links.sgx.com/1.0.0/corporate-announcements/SGAL896UEOH9JR5Q/873540_4_FY%202025_Presentation%20Slides.pdf

—👍 *Netlink* reported stable 9M FY26 revenue up 1.6% year on year, with EBITDA broadly flat and profit after tax lower due to higher depreciation and financing costs.

https://links.sgx.com/1.0.0/corporate-announcements/C74ZZ3931EAF5IX3/873483_NetLink%20NBT%20-%209M%20FY26%20Analyst%20Update%2029%20January%202026.pdf

—⭐️ *MPACT's* 3QFY2026 DPU up 2.5% to 2.05 cents

https://links.sgx.com/1.0.0/corporate-announcements/R516ZOTQZ2E9XVZU/873585_20260130_MPACT%203Q%20FY2526%20Results%20Presentation.pdf

— ⭐️ *Keppel DC REIT* posted a record FY2025 DPU of 10.381 cents, up 9.8% year on year, driven by $1.1bn of accretive data centre acquisitions, strong rental reversions and a solid balance sheet that positions it well for AI and hyperscale demand.

https://links.sgx.com/1.0.0/corporate-announcements/AX5JNF09HS4W3N4L/873591_KDCR%202H%20and%20FY%202025%20Presentation%20Slides.pdf

— 👍*CDL Hospitality Trusts* delivered a 1.2% YoY rise in 2H2025 distributions to S$35.9m, supported by RevPAR growth, tighter debt costs and lower gearing, lifting DPS marginally to 2.82 cents and portfolio value to S$3.4bn.

https://links.sgx.com/1.0.0/corporate-announcements/EDAT45IYMCC041VL/873602_CDLHT-2H%20and%20FY25%20Results%20Presentation.pdf

— *ProsperCap* clarified that a Reuters report was misleading because the Company did not issue a new THB 6 billion promissory note to Bangkok Bank, as the note was issued instead by its indirect controlling shareholder DTGO, and the Company will disclose any required matters via SGXNet.

— *Don Agro International* shareholders approved the acquisition of healthcare assets, diversification into healthcare, and rebranding to UpHealth Group Limited, marking its transformation into a healthcare-focused group anchored by the Euroonco and Uni Medica platforms.

— * Lincotrade & Associates Holdings* is expected to report a significant improvement in profit before tax (“PBT”) for the six months financial period ended 31 December 2025 (“1H2026”), as compared to the six months financial period ended 31 December 2024 (“1H2025”).

— ‼️*Raffles Education* disclosed that Chinese authorities have notified its subsidiary of a proposed government re acquisition of a 499 mu land parcel in Hebei, with terms and financial impact yet to be determined, and the land carried at a book value of about S$114m.

.

===

*Earnings Calendar*

30/1 - CDLHT^, MPACT^, KDCR^

2/2 - Capland India^, Parkway Life REIT

3/2 - KIT^, Kep Pacific Oak^, FLCT

4/2 - Kep REIT^, ESR REIT^, Digicore US REIT

5/2 - SGX^, Capland china^, Keppel^, AMIS APAC^, HPHT^, Capland Ascendas, First REIT

6/2 - CICT^, Frasers Property

9/2 - Elite^, DBS^

10/2 - NTT DC REIT

11/2 - CLI^, Prime, UG Healthcare

12/2 - iFAST, ASL Marine

13/2 - Karin, Lendlease

20/2 - UHREIT, UOI

23/2 - Raffles Med^

24/2 - UOB^, GE^. Genting Sing, SIA

25/2 - OCBC^, Sembcorp^, HL Asia, SingLand, Lippo Malls SERT^

26/2 - sasseur^, Seatrium^, ACRO HT, LHT, Wilmar, Aztech Global, UOL, IREIT Global, Venture, Ultragreen, Thakral

27/2 - CDL^, Olam^, ST Engg^, SATS, ComfortDelgro, Hotel Royal, IFS, Mewah

^ denotes before market opens

.

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

$Alibaba HK SDR 5to1(HBBD.SI) $HSBC HK SDR 5to1(HSHD.SI)I’m tracking 3 names with strong price structure + momentum building.

If you’re watching China/HK exposure via SGX SDRs, this one’s worth a look.

👉 Read here: https://joeychoy.beehiiv.com/p/the-next-le...

$Alibaba HK SDR 5to1(HBBD.SI) $HSBC HK SDR 5to1(HSHD.SI)I’m tracking 3 names with strong price structure + momentum building.

If you’re watching China/HK exposure via SGX SDRs, this one’s worth a look.

👉 Read here: https://joeychoy.beehiiv.com/p/the-next-le...

$HongkongLand USD(H78.SI) extended higher after clearing the 8.00 zone and is now testing the immediate 8.50 resistance.

‌

All 20d, 100d and 200d moving averages are sloping up, keeping momentum aligned with the broader uptrend.

Buying pressure is strong after breaking out from 7.50, with the 1GT bullish signals still in play.

‌

If price can break and close firmly above 8.50, the next upside target sits near 9.00. Could a clean push through 8.50 set the stage for a run toward 9.00? 🚀

@sgsiasorg Calling all NetLink NBN Trust unitholders!

Join us for an exclusive briefing hosted by SIAS with NetLink’s management team. Gain key insights into FY25 highlights and discover what’s ahead for FY26. Don’t miss this opportunity to get your questions answered and stay informed.

Date: 9 July, Wednesday

Time: 12.00pm - 1.00pm SGT
Location: SIAS Training Room

Register now: https://bit.ly/3HK3V2r

#NetLinkNBNTrust #SIAS #InvestorBriefing

@sgsiasorg Calling all NetLink NBN Trust unitholders!

Join us for an exclusive briefing hosted by SIAS with NetLink’s management team. Gain key insights into FY25 highlights and discover what’s ahead for FY26. Don’t miss this opportunity to get your questions answered and stay informed.

Date: 9 July, Wednesday

Time: 12.00pm - 1.00pm SGT
Location: SIAS Training Room

Register now: https://bit.ly/3HK3V2r

#NetLinkNBNTrust #SIAS #InvestorBriefing

Struggling with investing? You’re not alone!

Many people find themselves stuck buying high, selling low, or not investing at all due to fear or past losses. If this sounds familiar, this session is for YOU.

Led by a seasoned expert with over 30 years of experience advising top institutional investors, this session offers practical tools to help you take control of your financial future.

Don’t miss out, your journey to financial independence starts here!

Sign up here: http://bit.ly/404jOHm

https://www.youtube.com/watch?v=-XtaFV9RiK8
$DBS(D05.SI) $UOB(U11.SI) $OCBC Bank(O39.SI)

https://www.youtube.com/watch?v=ieg1fKclHSA
$UOB(U11.SI) $CNMC Goldmine(5TP.SI) $MoneyMax Fin(5WJ.SI) $Taka Jewellery(42L.SI)

Added: $UOB(U11.SI) $SGX(S68.SI) $InnoTek(M14.SI) $POP MART HK SDR 20to1(HPPD.SI) (Right side trading pattern, bullish view)

Sold: $YZJ Shipbldg SGD(BS6.SI) $SIA Engineering(S59.SI) $Tencent HK SDR 10to1(HTCD.SI) $Seatrium Ltd(5E2.SI)  (Left side trading pattern, bearish view)

Overview: Prime US REIT (SGX: OXMU)
$Prime US ReitUSD(OXMU.SI)is a Singapore-listed real estate investment trust that provides investors with a "pure-play" exposure to high-quality Class A office real estate across key primary markets in the United States. Its portfolio currently features 13-14 freehold properties located in high-growth tech and business hubs such as Salt Lake City, Denver, Atlanta, and the San Francisco Bay Area.

After a challenging period for the US office sector, Prime is currently positioned as a turnaround play. With a significant portion of its debt recently refinanced and a strategic shift to increase its distribution payout ratio (from 10% to 50%+), the REIT is attracting attention for its deep value—trading at a steep discount to its Net Asset Value (NAV) of approximately US$0.55.

‌

Technical Analysis (As of Jan 30, 2026)
The provided chart illustrates a classic trend reversal and breakout pattern. Here is the breakdown of the price action:

‌

1. Breakout Above Key Resistance
The horizontal black line at US$0.196 has acted as a formidable ceiling (resistance) throughout 2024 and 2025. You can see multiple failed attempts to break this level (highlighted by the blue circles). However, in late 2025/early 2026, the price decisively cleared this hurdle. The chart now identifies this level as "Resistance Turned Support," which is a highly bullish technical signal.

‌

2. The Power of the Trendline
A clear ascending trendline (the diagonal black line) has been in play since mid-2025. The tan circles highlight where the price "tested" this line and bounced back up, confirming that buyers are stepping in at higher lows. As long as the price stays above this diagonal support, the medium-term uptrend remains intact.

‌

3. Moving Average Alignment

• Short-Term (Red Line - 20 MA): The price is trending above the 20-day MA, showing strong immediate momentum.


• Medium-Term (Blue Line - 50 MA): The 50-day MA is sloping upward, providing a safety net for pullbacks.


• Long-Term (Green Line - 200 MA): The price is now well above the 200-day MA (US$0.180). This is the "Golden" territory for long-term investors, signaling that the bear market of previous years is officially over.

4. Current Target and Momentum
The price recently hit US$0.220, marking a 52-week high. The next psychological and technical hurdles are likely near US$0.245 (the previous peak seen on the far right of the chart). With the volume supporting this move, the path of least resistance appears to be upward.

‌

Final Verdict
Technically, Prime US REIT has transitioned from a "bottom-fishing" play to a "momentum" play. The successful flip of the US$0.196 level from resistance to support is the most significant development on this chart. For a blog post, the narrative is clear: The technical recovery is finally aligning with the fundamental turnaround.

As of late January 2026, gold has entered a historic "super-rally," recently smashing through the $5,000 per ounce milestone for the first time in history. This surge follows an already record-breaking 2025, where prices rose by over 60% due to a rare convergence of macroeconomic and geopolitical factors.

$GLD SG$(GSD.SI) $GLD US$(O87.SI) 

‌

Gold Price Performance (2024–2026)

‌

The chart below illustrates the acceleration of gold prices from the $2,000 range in early 2024 to the recent breakthrough past the $5,000 barrier in January 2026.

‌

‌

‌

‌

The current rally is driven by several key pillars:

1. Geopolitical Flashpoints

‌Gold thrives on uncertainty, and early 2026 has been defined by high-stakes international friction. Intensifying diplomatic and territorial disputes involving Greenland have rattled North American and European markets. Additionally, recent developments in Venezuela and persistent instability in the Middle East have pushed investors toward the safety of bullion as a hedge against catastrophic "tail risks."

2. Trade Wars and Tariff Threats

‌Renewed trade instability has become a major catalyst for the rally. Recent threats of $100% tariffs on Canadian goods and new duties on South Korean imports have fueled fears of global trade fragmentation. These unilateralist policies have unsettled the international trade system, causing a "risk-off" rotation where capital moves out of equities and into precious metals.

3. The "Debasement Trade"

‌Investors are increasingly engaging in what analysts call the "debasement trade." This is a flight away from traditional "paper" assets and sovereign bonds due to record-high global debt levels and expanding fiscal deficits. As confidence in major fiat currencies wavers, gold is being re-embraced as the ultimate neutral reserve asset.

4. Structural Central Bank Buying

‌Central banks—particularly in emerging markets like China, India, Poland, and Turkey—are fundamentally redefining their reserves. For the first time in decades, the market value of gold held by global central banks has begun to rival their holdings of US Treasuries. This "price-insensitive" buying creates a high floor for prices, as these institutions prioritize diversification over short-term yields.

5. Shifts in Monetary Policy

‌The market is currently pricing in a dovish trajectory for the Federal Reserve. Despite "sticky" inflation, expectations for multiple interest rate cuts throughout 2026 have lowered the opportunity cost of holding non-yielding gold. When interest rates fall, gold becomes significantly more attractive compared to yield-bearing assets like bonds.

Milestones and Market Forecasts

‌In the first four weeks of 2026 alone, gold has achieved a year-to-date gain of approximately 17%, with spot prices currently fluctuating between $5,080 and $5,110 per ounce. This momentum has led major financial institutions to revise their targets upward; Goldman Sachs now forecasts gold reaching $5,400 by year-end, while some more aggressive estimates from Deutsche Bank suggest a potential climb toward $6,000 per ounce if current geopolitical tensions persist. While the trend remains strongly bullish, analysts warn that the rapid pace of gains has pushed gold into "overbought" territory, making short-term volatility and profit-taking dips likely even within a long-term upward trajectory. 

‌

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.

$IFAST(AIY.SI)
‌
Great insights today from iFAST Corporation Ltd. Chairman Lim Chung Chun on their 30% acquisition of Financial Alliance Pte Ltd
‌
𝑵𝒐𝒕𝒆: 𝑻𝒉𝒆 𝒑𝒓𝒐𝒑𝒐𝒔𝒆𝒅 𝒕𝒓𝒂𝒏𝒔𝒂𝒄𝒕𝒊𝒐𝒏 𝒓𝒆𝒎𝒂𝒊𝒏𝒔 𝒔𝒖𝒃𝒋𝒆𝒄𝒕 𝒕𝒐 𝒓𝒆𝒈𝒖𝒍𝒂𝒕𝒐𝒓𝒚 𝒂𝒑𝒑𝒓𝒐𝒗𝒂𝒍𝒔 𝒇𝒓𝒐𝒎 𝒕𝒉𝒆 𝑴𝒐𝒏𝒆𝒕𝒂𝒓𝒚 𝑨𝒖𝒕𝒉𝒐𝒓𝒊𝒕𝒚 𝒐𝒇 𝑺𝒊𝒏𝒈𝒂𝒑𝒐𝒓𝒆
‌
More insights in my Linkedin post:
https://www.linkedin.com/posts/kennyloh-in...

For many years, $Singtel(Z74.SI) was seen as a slow-moving, defensive telco mainly held for dividends.    

That perception is changing.   

Over the past few years, Singtel has quietly transformed itself from a traditional Singapore telco into a diversified regional digital and infrastructure group.    

Today, Singtel has exposure to:   

• Regional telecom operations in India, Thailand, and Australia   

• Digital and IT services via NCS   

• Data centres and digital infrastructure  

• A stronger focus on capital discipline and shareholder returns    

That’s why several broker houses remain constructive on its outlook, even after the strong share price performance in 2025.    

🔹Fundamental View:   

• Core earnings quality is improving with better execution and cost discipline  

• Growth is increasingly driven by overseas businesses, not the competitive Singapore mobile market  

• Capital is being redeployed from low-return assets into higher-quality segments  

• Asset recycling has translated into dividends and share buybacks    

🌟2026 broker target prices:   

• DBS: S$5.71   

• Phillip Securities: S$5.35   

• OCBC Investment Research: S$5.75    

Consensus view: further re-rating is possible if returns on capital continue to improve.    

🔹Technical View:  Singtel’s share price has been falling after hitting its all-time high of S$4.92 on 18 Nov 2025.  It recently found strong support around S$4.40 and staged a rebound.  

My General X momentum trend-following indicator triggered a Buy signal on 27 Jan.  If momentum continues, the next technical objective is a retest of S$4.92, and a potential move higher if that level is cleared.    

🔹Risks to watch:  

• Ongoing competition in Singapore mobile  

• Regulatory and operational risks at Optus  

• FX movements affecting reported numbers    

🔹Bottom line:  What used to look like a “boring telco” is evolving into a more resilient regional digital and infrastructure player — with improving fundamentals and a constructive technical setup. Worth keeping on the watchlist.

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

Starting next Monday, 2 February 2026, SGX will launch three new Hong Kong SDRs, giving local investors a simpler way to access key themes from Hong Kong — AI, telecoms, and gold — all traded in SGD during SGX market hours.

The New HK SDRs:
🔹Horizon Robotics (HHZD) $HorizonRobo HK SDR1to1(HHZD.SI)
HK underlying: 9660.HK
SDR ratio: 1:1
A fast-growing AI chip company focused on ADAS and autonomous driving, closely linked to China’s smart mobility and AI development.

🔹China Mobile (HCMD) $CN Mobile HK SDR 5to1(HCMD.SI)
HK underlying: 0941.HK
SDR ratio: 5:1
The world’s largest mobile operator, expanding beyond traditional telecoms into cloud, data, and AI services, while continuing to offer stable dividends.

🔹Zijin Gold International (HZGD) $Zijin Gld HK SDR 10to1(HZGD.SI)
HK underlying: 2259.HK
SDR ratio: 10:1
A pure-play gold miner providing direct exposure to gold prices through its mining and processing operations.

🌟Trader’s Pick: Horizon Robotics (HHZD)
My top pick from a trader’s perspective: Horizon Robotics (HHZD), as its price behaviour aligns well with my General X momentum trend-following strategy.
Its 1:1 tracking with the Hong Kong underlying (9660.HK) makes price action easy to follow and clean to trade.
Since its launch in October 2024, the stock has shown healthy, tradable volatility — attractive for active traders and momentum-based strategies.

💡Why Trade Hong Kong Stocks via SGX SDRs:
▪️No Hong Kong board-lot constraints
▪️Trades in SGD during SGX market hours
▪️No FX conversion or overseas brokerage complexity

This is my exclusive weekly email and trading ideas shared with my valued clients. I am posting it here to give you a sense of how I analyse markets, identify opportunities in real time.

‌

Weekly Investment Idea | Ho Bee Land (SGX: H13)

‌

Ho Bee Land is a Singapore-listed real estate group with a diversified international portfolio across residential, commercial, and life sciences properties. It is best known for landmark developments such as Sentosa Cove and The Metropolis at one-north, reflecting its focus on prime, high-quality assets.

‌

The stock surfaced from a screening for under-followed opportunities, targeting companies with market cap of SGD 500m–5bn, sound earnings outlook, and reasonable valuations. Low analyst coverage and thinner liquidity have kept it largely under the radar despite its solid asset base.

‌

Outlook:
Supported by stable investment assets in Singapore and London, and a sizeable land bank in Australia, offering longer-term development optionality and earnings upside.

‌

Valuation:
Trading at just 0.41x P/B, based on a book value of S$5.5608 per share, implying a meaningful discount to underlying asset value and potential for re-rating.

‌

Technical view:
On the weekly chart, the stock has resumed its uptrend after a double bottom near S$1.64. Momentum picked up over the past two weeks with rising volume, reaching a two-year high of S$2.36. Next targets: S$2.54 and S$3.05, if the uptrend holds.

‌

$Ho Bee Land(H13.SI) 

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 (one-way, no spam).

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