𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *12/3/26*

.

STI: 4863 (+3) | HSI: 25898 (-61) | Dow: 47417 (-289) | S&P: 6775 (-5) | Nasdaq: 22716 (+19)

.

*US Markets Overnight!*

.

*Inflation On Ice, Oil On Fire: Markets Caught in the Middle*
.

As i had been saying these few days, situation not iut of the woods yet. Gotta give credits to some green shoots here and there, but we are not out if the mine field yet. US markets closed mostly softer overnight, though the damage was fairly contained. The Dow Jones Industrial Average fell 0.6% and the S&P 500 slipped 0.1%, while the Nasdaq Composite managed to sneak out a 0.1% gain.

.

Inflation behaved, at least on paper. February CPI came in exactly as expected, 2.4% headline and 2.5% core. Nothing scary, but also nothing that screams “rate cuts tomorrow”. Treasury yields edged higher, with the 10 year hovering around 4.22%, suggesting the bond market is still keeping one eye on the bigger macro picture.

.

Energy markets, however, had a very different mood. Oil rallied sharply, with West Texas Intermediate jumping 5% to around $87.65 a barrel. That is despite the International Energy Agency announcing a record release of 400 million barrels of reserves. Geopolitics is the spoiler here, after reports Iran placed mines in the Strait of Hormuz, prompting a sharp warning from Donald Trump. Supply concerns clearly trumped the reserve release narrative.

.

On the corporate side, Oracle stole the show, jumping 9% after lifting its long term outlook on the back of strong AI demand. Investors are clearly still happy to pay up for anything tied to the AI buildout. Not everyone enjoyed the aftertaste of earnings though. Campbell’s dropped 7%, landing among the biggest S&P 500 laggards. Among the Magnificent Seven, performance was mixed. Tesla led the pack with a 2.2% gain, while the rest traded without much conviction.

.

Elsewhere, some cooling in the shiny stuff. Gold slipped over 1%, silver dropped 4%, while the U.S. Dollar Index firmed slightly. Bitcoin hovered around $70.7k after dipping below $69k overnight.

.

*What’s Brewing Today!*

.

Important day for *Boustead and *UI Boustead REIT* as the latter successfully completed Singapore’s largest IPO year to date, raising about S$973.6M with the offering 3.3x subscribed by institutional investors and 2.9x by retail investors, reflecting strong demand despite volatile market conditions. Do note that trading of the Units on the SGX-ST Mainboard is expected to commence at *2pm* today, not at market opening.

.

Had been talking about *Serial Achieva* this week. The jury is finally out. It will issue 21,004,873 new shares at S$0.22 each to raise approximately S$4.6 million from UFCT Technology, using the proceeds to repay loans and strengthen working capital. Will resume trading today. Expect the price to jump again, this time probably closer to $0.22?

Disclaimer: Not vested.

.

===

*Happening Today*

SG XD:

— Grand Banks: SGD 0.005

US:

— Initial Jobless Claims / Trade Balance (Jan) / Housing Starts (MoM) (Jan) / Building Permits (Jan) / Fed’s Balance Sheet

.

===

*SG Stock news*

—⭐ *UltraGreen ai* will join *Haw Par Corp, GuocoLand* and *Valuemax Group* on the iEdge Singapore Next 50 indices on Mar 23, replacing Banyan Tree Holdings, SBS Transit, Geo Energy Resource and COSCO SHIPPING International Singapore.

— *Del Monte Pacific* delivered strong 3Q FY2026 growth, with sales rising 20 percent to US$243.8m and net profit quadrupling to US$10.0m on higher volumes, improved pricing and margins, while continuing capital raising efforts to address a US$590m negative equity position following prior US business impairments.

https://links.sgx.com/FileOpen/DMPL%203Q%20FY2026%20Presentation.ashx?App=Announcement&FileID=878042

— *The Assembly Place* formed a 60% joint venture with S11 Granuity Management to operate an 886-bed migrant worker dormitory at Seletar North Link under its new “Habitat” brand, marking its entry into the migrant worker accommodation sector and expanding its community living portfolio.

— *RH Petrogas* has engaged AiRTS to develop an AI, GenAI and machine learning powered system to enhance governance and real time oversight of its procurement operations, following recommendations from an independent review linked to whistleblowing allegations.

— *Q & M Dental* signed a non-binding MOU to acquire 100 percent of an Australian dental group operating over 40 clinics for AUD144.5 million, supporting its strategy to expand across the Asia-Pacific region.

.

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 𝐔𝐩𝐝𝐚𝐭𝐞 *11/3/26*

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STI: 4860 (+104) | HSI: 25959 (+551) | Dow: 47706 (-34) | S&P: 6781 (-14) | Nasdaq: 22697 (+1)

.

*US Markets Overnight!*

.

*Oil Cools, But Is the Market Fooled?*

U.S. markets had a mixed night as investors tried to make sense of the latest twists around the Iran conflict, oil prices, and what it all means for inflation.

.

The S&P 500 slipped 0.2%, the Dow edged down 0.1%, while the Nasdaq managed a tiny gain. Not a dramatic move, more like the market catching its breath after Monday’s rollercoaster rally, when the Dow swung nearly 900 points intraday before closing up about 240.

.

The real action was in *oil*.

WTI crude dropped more than 8% to around $87, after briefly plunging below $77 during the day. The market got whipsawed by headlines, first a now-deleted post suggesting the U.S. Navy escorted a tanker through the Strait of Hormuz, then clarifications from the White House. Just a day earlier, oil had spiked above $119, the highest since 2022, before cooling after G7 ministers signalled they could tap strategic reserves. In other words, the oil market is trading geopolitics headline by headline right now.

.

For equities, the bigger question isn’t today’s oil price, it’s how long it stays elevated. If higher energy costs start creeping into inflation expectations, that could disrupt the disinflation trend investors have been enjoying over the past year.

.

Elsewhere in the macro backdrop, 10-year Treasury yield climbed to about 4.15%. *Gold* jumped nearly 2% to around $5,200. *Silver* surged 4.7%. *USD* slipped slightly. *Bitcoin* hovered near $70K
.

Tech stayed relatively resilient. Most of the Magnificent Seven ended higher, with *Microsoft* the lone laggard. A couple of stock-specific movers worth noting. *NIO* surged 15% after earnings. *Kohl’s* slipped 1.6% post-results. *Hewlett Packard Enterprise* fell 3.3%. *Oracle* dipped 1.3% ahead of its earnings release. Memory names stayed hot, with *SanDisk* up about 5% and *Western Digital* adding another 1.5% after strong gains the day before.
.

Again, same comment. We may have seen a somewhat halt in slide, but definitely not out of the wood yet. Conservatively speaking, better to be reactive than proactive , even if it means missing out on opportunities. Not applicable to high ris tolerance teaders though 😅.

.

*What’s Brewing Today!*

.

Probably getting too ahead of myself, but just thought I share my technical read on *SIA* and *Capitaland Investments*. Both saw a long lower wick followed by a green bar with higher-high-higher-low. In short, a potential reversal signal. But “potential” is as far as these readings go as much of the price movements are hinged on new development out of the Middle East Crisis (and oil spike). Do note that especially for the former, it is very sensitive to macros and oil price. For bargain hunters, no harm putting both in your watchlist.

.

News-wise, *YZJ Shipbuilding* may be in focus today after investing US$825.7M to acquire a 10% stake in Poseidon Corp. Also look out for *Reclaim Global* as it guides a significant increase in net profit for FY2026.

.

Good thing about dual listing is that there is a “benchmark” when a news event occur. Last night, Nio released its earnings. Nio ADR in trading in the US market surged 15%. We probably see some “catching up” on *Nio Ltd* trading in SGX today.

.

Following *Serial Achieva’s* holding announcement (mentioned yesterday in my daily), it had requested for a trading halt. Had to say, they do “act fast” if they are announcing what the market is expecting them to announce. Could be good or bad, imo. No “in the middle”. Either yes or no.

.

===

*SGX Research Vault*

.

*S-REIT ETFs maintained average dividend yields above 5% in February*

https://www.linkedin.com/posts/danccs_reitsetfs-tradesgx-investsmart-ugcPost-7437039807576584192-_Qia

.

===

*Happening Today*

US:

— CPI (YoY) (Feb) / Core CPI (YoY) (Feb) / Crude Oil Inventories

.

===

*SG Stock news*

— *Jardine Matheson's* underlying profit for FY2025 up 11%; declares higher dividend of US$2.35 per share

https://links.sgx.com/1.0.0/corporate-announcements/Q8J0WJFOI16JD3R1/877984_JMH.pdf

— *NIO* full-year 2025 results show strong revenue and vehicle sales growth of over 30% and improved margins, but it still reported a substantial net loss of RMB14,942.6 million, though down 33% from 2024.

https://links.sgx.com/1.0.0/corporate-announcements/1G1H3JXABHM2HON4/877990_NIO%20Inc.%20Reports%20Unaudited%20Fourth%20Quarter%20and%20Full%20Year%202025%20Financial%20Results.pdf

—👍 *Reclaims Global* expects a significant increase in net profit for FY2026, driven by higher revenue from its Excavation Services and Logistics and Leasing segments due to stronger market demand and new project wins.

—👍 *SIA Engineering* won a public tender to acquire a 30% stake in Airport Aircraft Maintenance & Engineering (Fujian) Co., Ltd for RMB129 million to form an MRO joint venture serving several Fujian airports, with no material financial impact expected for FY2026.

— *Yangzijiang Shipbuilding* to invest US$825.7M to acquire a 10% stake in Poseidon Corp., strengthening its strategic relationship with Seaspan Corporation, supporting vertical integration, and enhancing market insight and long-term returns.

— *New Toyo International* is closely monitoring the Gulf geopolitical situation, reporting no current operational disruption in Dubai but warning that prolonged instability could affect supply chains, costs, and business activities.

.

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

$ST Engineering(S63.SI) has been showing strength after breaking above the 10.00 zone, with prices now hovering just below the 11.00 resistance. 

All 20d, 100d, and 200d moving averages continue to slope up, keeping the broader uptrend intact. The recent 1GT Bullish signal remains in play, with no 1GT Bearish signal yet. 

If the price can break and close firmly above 11.00, the next upside target sits near 12.00. With prices capped just under the resistance, could a clean push through 11.00 spark the next leg higher toward 12.00?

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...

@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=Hpx7qa3cudM
$DBS(D05.SI) $UOB(U11.SI) $OCBC Bank(O39.SI) $Singtel(Z74.SI) $NIO Inc. USD OV(NIO.SI)

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)

As we move through Weeks 9 & 10 of 2026, the Singapore REIT (S-REIT) sector is facing a fresh set of "aftershocks." While geographical distance remains, the financial impact of oil price surges and interest rate volatility is keeping investors on their toes.

‌

Here are the key highlights from the latest REITsavvy market update:
🔹 The Macro Shift: An "inflation shock" triggered by rising crude oil (Brent >US$82) is threatening the cooling inflation trend we saw in late 2025. This could delay much-needed "refinancing relief."

‌

🔹 Sector Performance & Strategy:
CapitaLand Ascendas REIT (CLAR) $CapLand Ascendas REIT(A17U.SI): Deepening its European footprint with a S$185.4M acquisition of prime logistics assets in Spain. Expected to be DPU-accretive with a 6.3% NPI yield.

AIMS APAC REIT $AIMS APAC Reit(O5RU.SI): Strategic divestment of 8 Senoko South Road at an 11.1% premium to valuation, demonstrating active capital recycling.

Lippo Malls Indonesia Retail Trust (LMIR) $Lippo Malls Tr(D5IU.SI): Undergoing a transformation into "Landmark REIT" with improved portfolio occupancy (86.5%) and a strengthened capital structure post-rights issue.

🔹 Investor Takeaway: In a "higher-for-longer" environment, the focus has shifted to Weighted Average Debt Maturity (WADM). Defensive anchors like suburban retail and industrial REITs continue to show strength, while hospitality faces headwinds from rising fuel costs.

‌

Are your REIT holdings positioned as "Survivors" or "Thrivers"?
👇 Read the full breakdown and dive into the data here:
https://reitsavvy.com/insights/s-reits-wee...

‌

#SREITs #Investing #SingaporeRealEstate #PassiveIncome #REITs #FinancialNews #WealthManagement

1. Executive Summary: The Industrial Landscape in 2026
In 2026, the Singapore industrial sector is characterized by a "Flight to Quality." While traditional general industrial space faces supply pressure, high-specification assets—those housing regional HQs, life sciences, and advanced manufacturing—continue to command premium rents.

UIB REIT $UIBREIT(UIBU.SI)enters this market as a "New Economy" specialist, competing directly with the scale of CLAR $CapLand Ascendas REIT(A17U.SI)and the yield of ESR REIT $ESR REIT(9A4U.SI), while offering superior debt protection (long WADM).

Check out the Competitive Matrix with the link below:
https://reitsavvy.com/insights/ui-boustead...

$AIMS APAC Reit(O5RU.SI) $Sabana Reit(M1GU.SI) $Stoneweg EUTrust EUR(SET.SI) $Daiwa Hse Log Tr(DHLU.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 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