𝐌𝐚𝐫𝐤𝐞𝐭 𝐖𝐫𝐚𝐩 (𝐖𝐞𝐞𝐤 𝐞𝐧𝐝𝐞𝐝 𝟐𝟗/𝟓/𝟐𝟔)

𝟓𝟏𝟎𝟎: 𝐇𝐢𝐠𝐡 𝐅𝐢𝐯𝐞, 𝐓𝐡𝐞𝐧 𝐁𝐲𝐞 𝐁𝐲𝐞?

The 𝐒𝐓𝐈 hit a fresh all-time high of 5,102 this week, crossing the 5,100 mark for the first time on Monday before running out of steam and pulling back over the rest of the week. As of Friday noon, the index stood at 5,035, translating into a small weekly loss of 0.65%. The market finally broke through the 5,100 ceiling, but like a housewarming party that went on a little too long, some profit-taking inevitably followed.

There were certainly no shortages of movers this week, in both directions.

𝐅𝐫𝐨𝐦 𝐑𝐮𝐧𝐰𝐚𝐲 𝐭𝐨 𝐑𝐚𝐥𝐥𝐲

After posting a strong 4Q FY2026 performance, 𝐒𝐀𝐓𝐒 wasted no time getting off the runway. The stock gapped up right at the start of the week and climbed to a high of $3.86 as of Friday noon, marking a superb weekly gain of 17%. The group also proposed a final dividend of 5 cents per share.

𝐖𝐡𝐞𝐧 𝐎𝐢𝐥 𝐅𝐚𝐥𝐥𝐬, 𝐒𝐈𝐀 𝐅𝐥𝐢𝐞𝐬

Fellow aviation “buddy”, 𝐒𝐈𝐀 also enjoyed a good week despite the ongoing Iran conflict, climbing from $6.59 to a high of $6.81 before settling at $6.79 as of Friday noon. Personally, I think the key tailwind was the sharp decline in oil prices, which helped ease concerns over fuel costs. Sometimes, what happens at the oil pump matters just as much as what happens in the cockpit.

𝐓𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐮𝐧𝐝 𝐚 "𝐁𝐮𝐭"

Not so lucky for 𝐁𝐨𝐮𝐬𝐭𝐞𝐚𝐝 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 though. While FY2026 net profit surged 145% and the company proposed a higher total dividend of 10 cents per share, investors appeared to focus on the 35% YoY decline in adjusted net profit. As a result, the stock tumbled from $2.64 to a low of $2.16 before recovering slightly to close at $2.24 as of Friday noon, representing a hefty weekly loss of 15%.

𝐋𝐚𝐭𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐏𝐚𝐫𝐭𝐲, 𝐅𝐢𝐫𝐬𝐭 𝐭𝐨 𝐃𝐚𝐧𝐜𝐞

𝐂𝐢𝐭𝐲𝐃𝐞𝐯 was a late bloomer this week, racing to a high of $8.63 following an upgrade by Goldman Sachs, which raised its 12-month target price to $9.78. As of Friday noon, the stock was trading at $8.60, up 5.2% for the week.

𝐅𝐫𝐨𝐦 𝐂𝐚𝐭𝐚𝐥𝐢𝐬𝐭 𝐭𝐨 𝐂𝐚𝐭𝐚𝐥𝐲𝐬𝐭

Turning attention to the SMID caps, 𝐊𝐨𝐡 𝐄𝐜𝐨 hogged the limelight in terms of trading activity. The stock surged from a weekly low of $0.130 to a high of $0.175 after announcing plans to transfer its listing from Catalist to the Mainboard. As of Friday noon, it was trading at $0.160.

𝐀 𝐑𝐞𝐜𝐨𝐫𝐝 𝐖𝐨𝐫𝐭𝐡 𝐒𝐚𝐯𝐨𝐮𝐫𝐢𝐧𝐠

Another late bloomer this week was 𝐉𝐁 𝐅𝐨𝐨𝐝𝐬, which delivered a strong FY2026 recovery, with EBITDA surging nearly ten-fold to US$139.7 million. Investors responded enthusiastically, sending the stock to a new all-time high of $0.82 on Friday before it eased to $0.745 as of Friday noon.

Cheers!

Dan

See Disclaimer

#weeklywrap #tradeSGX #danccs

===

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

Disclaimer: tinyurl.com/dan-disclaimer

𝐌𝐚𝐫𝐤𝐞t 𝐔𝐩𝐝𝐚𝐭𝐞 *29/5/26*

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STI: 4989 (-39) | HSI: 25006 (-322) | Dow: 50669 (+25) | S&P: 7563 (+43) | Nasdaq: 26917 (+242)

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*US Markets Overnight*

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*Record Highs, Hidden Risks*

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Wall Street served up another record-breaking session overnight, with the S&P 500 and Nasdaq hitting fresh highs again as inflation data came in “not as bad as feared”, which, these days, is apparently enough to keep the bulls charging. The latest PCE numbers showed inflation still sticky, but monthly readings were softer than expected, giving markets some breathing room. Treasury yields eased slightly, oil prices lost some steam on hopes of easing Middle East tensions, and investors basically took that as the green light to keep buying tech like it’s on a Black Friday sale.

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The standout star was *Snowflake*, which absolutely snowballed higher, jumping 36% after crushing earnings expectations and unveiling a massive US$6 billion AI partnership with *Amazon*. *Microsoft* also climbed 3.5% as the AI trade stayed very much alive and caffeinated. Across the retail space, *Kohl’s*, *Best Buy* and *Dollar Tree* all delivered strong post-earnings pops, showing consumers are still spending selectively despite cracks appearing in the broader economy. On the flip side, *Salesforce* remained a little soft after recent disappointment, while investors kept one eye on *Dell* and *Costco* earnings after the bell.

.

That said, not everything beneath the surface was rosy. US GDP growth for the first quarter was revised lower, while personal income unexpectedly flatlined. In other words, the market is celebrating softer inflation today, but the growth engine is showing signs of fatigue. The bigger takeaway for investors is this, rate cuts are looking increasingly unlikely anytime soon. The market may still be partying, but the Fed is probably standing at the door reminding everyone curfew still exists.

.

What’s Brewing Today*

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*Seatrium* gave a good 1Q26 business update this morning. Should see some market activity.

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Potential earning plays today would be on *JB Food* and *KSH*. Both delivered good sets of earnings, with the latter turning black. Also note that *OKP* clinched a LTA contract.

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===

*Happening Today*

SG XD

— Fuxing China: SGD 0.028
— GHY Culture: SGD 0.001

— Tat Seng Pkg: SGD 0.05 + SGD 0.34 SPECIAL

SG Earnings:

— Seatrium

SG

— Bank Lending  (Apr)

JP

— Tokyo Core CPI (YoY) (May)

US

— Retail Inventories Ex Auto  (Apr) / Chicago PMI  (May)

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===

*SG Stock news*

— 💪*Seatrium Limited* reported a strong 1Q2026 with a S$15.5 billion order book through 2033, improving margins, over S$330 million cash unlocked from divestments, annual cost savings above S$50 million, and a new S$400 million bond issuance under its S$3 billion debt programme.

https://links.sgx.com/1.0.0/corporate-announcements/NYZQJQ387FN4OJWM/890735_Seatrium%20-%201Q26%20business%20update%20press%20release.pdf

— *CapitaLand Ascott Trust* to divest The Robertson House by The Crest Collection in Singapore for S$360 million

https://links.sgx.com/1.0.0/corporate-announcements/9MGCGS9ZJ720A5JX/890731_20260529_News%20Release.pdf

— *JB Foods* Delivers Strong FY2026 Recovery with EBITDA Rising Nearly 10-Fold to USD139.7 Million

https://links.sgx.com/1.0.0/corporate-announcements/YTZDOR7UWZQ10KGK/890599_JBFL_FY2026%20PRESS%20RELEASE.pdf

— *KSH Holdings* returned to profitability in FY2026 with net profit of S$6.8 million versus a S$5.9 million loss a year earlier, supported by a strong S$965 million construction order book and healthy balance sheet with S$145.2 million cash and low 0.34x gearing, while proposing a final dividend of 1.0 Singapore cent per share, bringing total FY2026 dividend to 1.5 Singapore cents per share.

https://links.sgx.com/1.0.0/corporate-announcements/Q6QRLN7ISYXGISEF/890678_KSH%20FY2026%20News%20Release.pdf

— *BHG Retail REIT* operates a diversified portfolio of six China retail malls valued at RMB4.7 billion with 93.8% occupancy, 180,350 sqm of NLA, a 4.1-year WALE by NLA, experiential trade sectors contributing about two-thirds of income and space, and a stable capital structure with 40.8% gearing and 4.3% average borrowing cost as at 31 March 2026.

https://links.sgx.com/1.0.0/corporate-announcements/KMDXZGCEQIZU6YX6/890616_BHG%20REIT-1Q%202026%20Business%20Updates.pdf

— *OKP Holdings* has secured a 48-month contract worth approximately S$165.3 million from LTA for the design and construction of lift shafts and associated commuter infrastructure at pedestrian overhead bridges (“POBs”) across Singapore.

— *Thakral Corporation* is expected to report a net loss for 1Q FY2026, due to a net fair valuation loss on the Group’s investments in two quoted securities (namely, GemLife Communities Group (“GemLife”) and The Beauty Tech Group plc (“TBTG”) Thakral Corporation Ltd expects to report a net loss for 1Q FY2026 due mainly to unrealised fair value losses from quoted investments in GemLife and The Beauty Tech Group amid Middle East conflict-driven market volatility, although its core businesses remained profitable and adjusted earnings improved year-on-year, with both investments recovering in value after quarter-end.

— *Mooreast* aims to raise $6 mil by issuing new shares at 13.5 cents each

.

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

Today's AMAS SG session went for 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝟑 𝐡𝐨𝐮𝐫𝐬!! Our longest AMAS session to date. 👀

We covered a large number of 𝐒𝐆 𝐬𝐭𝐨𝐜𝐤 𝐫𝐞𝐪𝐮𝐞𝐬𝐭𝐬, discussed the 𝐒𝐓𝐈, analysed multiple setups, and shared several stocks that stood out during the session. All using the 𝟏𝐆𝐓 (𝐏𝐫𝐨) 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫.

Some stocks includes Wilmar, iFast, Keppel and many more. 

If you missed the live session or couldn't stay till the end, this is one replay you may not want to skip.

📺 𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐥𝐚𝐲 𝐡𝐞𝐫𝐞:
👉 https://www.youtube.com/watch?v=uEiUk10OB04

$OCBC Bank(O39.SI)continues to trend higher, with prices consolidating below 24.00 after the recent push up. 

The 20d, 100d and 200d moving averages are all sloping up, keeping momentum aligned with the broader uptrend, while the recent 1GT Bullish signal remains in play. 

If price can break and close firmly above 24.00, the next leg higher could unfold from here. With the uptrend still intact, could we see OCBC clear 24.00 and continue its run higher?

🚨 𝐑𝐞𝐩𝐥𝐚𝐲 𝐢𝐬 𝐧𝐨𝐰 𝐫𝐞𝐚𝐝𝐲.

In today’s One Good Trade, 𝐈 𝐫𝐞𝐯𝐞𝐚𝐥𝐞𝐝 𝐚 𝐍𝐄𝐖 𝐒𝐆 𝐬𝐭𝐨𝐜𝐤 — 𝐂𝐢𝐭𝐲𝐃𝐞𝐯 (𝐂𝟎𝟗) — and why it could potentially see more upside if key resistance breaks and bullish signals appear. 💪😉

I also revisited 𝐒𝐆𝐗 (𝐒𝟔𝟖), 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐫𝐨𝐧𝐠𝐞𝐬𝐭 𝐒𝐆 𝐬𝐭𝐨𝐜𝐤𝐬 𝐫𝐞𝐜𝐞𝐧𝐭𝐥𝐲.

🎙 Jamie from Macquarie also shared how traders can potentially magnify gains using a smart capital-efficient approach.

🎥 Watch the replay here: https://www.youtube.com/watch?v=KBrjL-qnLXk

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)

Introduction
Apple, Nvidia, Tesla, Microsoft, Amazon…… many of us, especially younger investors, are drawn to these US Stocks, known for their stellar performance over the years. The S&P 500 has delivered an average annual return of 10.33% since 1957 (Investopedia). However, did you know that owning these stocks directly as a non-U.S. person (like us) can trigger a significant tax burden upon death? This tax, the U.S. estate tax, can claim up to 40% of the value of your US assets, drastically reducing the wealth passed on to your beneficiaries.

Understanding the US Estate Tax
The US estate tax applies to “US situs” assets owned by non-resident, non-citizen individuals at the time of their death. These assets include shares in companies incorporated in the US, US real estate, certain US-based bonds and mutual funds, and even cash deposits held with US brokers.

Unfortunately, the threshold for exemption is extremely low for non-US persons. Only the first US$60,000 of US situs assets is exempt from tax. Any value above that amount may be subject to estate tax, at rates that can go as high as 40%.

For example, a Singaporean investor with a portfolio of US stocks valued at US$1 million would only receive an exemption of US$60,000. The remaining US$940,000 would be subject to estate tax, potentially resulting in a tax bill of up to US$376,000!

👇View a short explanation video here:
https://www.youtube.com/watch?v=1Szm_eTJeZ...

Read More here:
https://engage.fa.com.sg/kennyloh/navigati...

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/............
‌
Check out more REIT financial ratio at https://reitsavvy.com......
‌
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 profil

‌Technical Analysis (TA)

Looking at the multi-year weekly chart provided up to late May 2026:

$Stoneweg EUTrust EUR(SET.SI) $Stoneweg EUTrust SGD(SEB.SI)

• The Big Picture (Base Building): After a severe macro-driven downtrend from 2021 through late 2023, the stock found a cyclical bottom near €1.20. Since 2024, the chart has transitioned out of its downtrend into a healthy, extended accumulation base ranging between €1.40 and €1.75.


• Current Price Action: The stock is trading at €1.520, tightly hovering around its 20-week and 50-week Moving Averages (the pink and blue lines), while the 200-week Moving Average (green line) has flattened out at €1.567. This indicates a compression phase where volatility is drying up before a major breakout attempt.


• Key Levels to Watch:
  Immediate Support (€1.461): A well-tested horizontal floor that has held multiple times throughout 2025 and early 2026.
  Immediate Resistance (€1.638): The local peak. A convincing weekly close above this level clears the path toward the major psychological barrier at €1.75.
  Macro Target (€2.134): The historical broken support line, which will serve as a major long-term upside target once the €1.75 range is cleared.

‌

Fundamental Analysis (FA)

‌

‌

Stoneweg EU Trust has successfully completed its painful capital restructure and pivot phase, emerging as a structurally stronger, high-yielding stapled trust.

• Deep Valuation Discount: The stock is currently trading at a compelling ~25% discount to its Net Asset Value (NAV) of €1.99. This provides a massive margin of safety for value investors, with major banks maintaining buy targets around €1.88–€1.90.


• Attractive, Stabilized Yield: Trading at €1.52, the trust offers a forward dividend yield of roughly 8.6% to 8.7%. Following management's successful portfolio reset, distribution per unit (DPU) has stabilized, making this yield highly reliable compared to previous volatile years.


• Portfolio Re-positioning: The trust has aggressively recycled capital out of non-core European offices and into high-growth segments. Its mix currently stands at 61% logistics, light industrial, and data centers, with a clear strategic roadmap to hit 70% by 2027.


• Solid Balance Sheet: Gearing sits at a manageable 42.7% (with plans to naturally deleverage below 40% via further office sales). Crucially, 87% of its debt is hedged or fixed until late 2027, keeping its current cost of debt well-controlled at 3.84%.

‌

Tailwinds & Headwinds

‌

‌

🚀 Tailwinds (The Upside Drivers)

‌

‌

• Built-in Inflation Protection: Nearly 100% of SERT’s leases feature CPI-linked rental indexation. This allows the trust to capture organic rental growth automatically, resulting in a positive +3.9% overall rent reversion in 1Q 2026.


• Data Center Growth Optionality: The trust’s recent €50 million development investment into AiOnX data centers provides a dual benefit: a fixed 7.25% annual cash coupon plus meaningful future NAV upside as construction milestones clear.


• Aggressive Share Buybacks: Management is actively supporting the stock price, having repurchased over 2.1 million securities year-to-date in 2026, which helps boost DPU.


• Excellent Cost Pass-Through: The trust is highly insulated from volatile utility costs, successfully passing 98.4% of energy hikes directly onto its tenants.

‌

⚠️ Headwinds (The Risks to Watch)

‌

‌

• Bifurcated Property Market: While logistics demand is roaring (+7.6% rent reversion), the trust's remaining 41% exposure to European offices remains a drag, experiencing slightly negative rent reversions (-2.8%) as management prioritizes keeping occupancies stable over higher rents.


• Tight Interest Coverage: Net interest cover stands at 2.6x. While its debt is comfortably hedged until late 2027, if Eurozone interest rates stay "higher for longer" past 2027, refinancing down the road could pressure future earnings.


• Subdued Eurozone Growth: The underlying European macro economy remains sluggish, with modest GDP growth projections hovering around 1.1% for 2026, meaning organic growth relies heavily on structural shifts (like e-commerce and near-shoring) rather than broader economic expansion.

‌

The Verdict

‌

‌

Stoneweg EU Trust is technically coiled in a multi-year accumulation floor, while fundamentally trading at an unwarranted 25% discount to its assets. For income investors, the 8.6% yield is backed by strong logistics fundamentals and CPI-pegged rents, making the risk/reward profile heavily tilted to the upside.

‌

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/............

Check out more REIT financial ratio at https://reitsavvy.com......
‌

‌
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.

‌1. Technical Analysis (TA)
Based on the provided ShareInvestor daily candlestick chart ending May 23, 2026: $ESR REIT(9A4U.SI) $ESR-REIT(J91U.SI)

• Fibonacci Retracement & Support/Resistance: * The stock is currently trading right at 2.380, hovering immediately above the crucial 38.2% Fibonacci retracement level (approx. 2.360).


• The 0% baseline sits near 2.000, which acts as major structural support.
  Immediate resistance sits at the 61.8% Fibonacci level around 2.550, followed by the 100% peak near 2.880 – 2.920.


• Moving Average (MA) Cross Setup:
  The 20-day and 50-day MAs (pink and blue lines) are tightly intertwined, flattening out right around the current price cluster (2.380–2.430). This signals a classic consolidation phase and a lack of immediate directional momentum.
  The 200-day MA (green line) is sloping downward and sits much higher at 2.648, acting as heavy overhead macro resistance.


• Price Action & Structural History (Circled Areas):
  The three circled areas highlight historical resistance-turned-support-turned-resistance zones. Early 2025 saw major distribution/breakdowns from those levels.

After a strong recovery leg in mid-to-late 2025 that peaked near the 100% Fib line, the stock experienced a sharp correction in Q1 2026. The current price action indicates it is trying to carve out a sustainable base in the 2.300–2.400 range.

2. Fundamental Analysis (FA)

• Key financial metrics and operating performance context for mid-2026:
  Valuation & Yield: At 2.38, the REIT trades at a noticeable discount to its Net Asset Value (NAV / Price-to-Book is around 0.93x). It offers a highly competitive forward distribution yield of ~8.0% to 9.2%, comfortably beating the industrial sector average (~8.4%).


• 1Q2026 Earnings & Operational Health: The Q1 2026 business update showed a slight 2.3% dip in Net Property Income (NPI) to S$80.6 million. Overall portfolio occupancy remains relatively stable but slightly soft at 91.1%.


• Capital Structure: The gearing ratio stands around 43.4%, which sits on the higher side of the MAS regulatory ceiling and above the industrial sector average of ~37%. The Interest Coverage Ratio (ICR) is tight at 2.5x, flagging a constrained profile for debt-funded expansions.

3. Headwinds & Tailwinds
🛑 Headwinds

• Income Gap from Heavy Divestments: The manager executed a larger-than-expected S$455.8 million divestment campaign going into 2026 (shattering the original S$200 million target). While this protects the balance sheet, it leaves an immediate 12% to 13% drop-off in top-line revenue capacity until those funds are fully redeployed.


• Cost of Debt & Soft ICR: With an ICR lingering right at 2.5x, the cost of refinancing older hedges at current market rates puts structural pressure on the DPU payout capabilities.


• Shareholder Dilution: Historical equity fundraising and minor asset unitholder dilutions over the past year have expanded the float, requiring higher net earnings just to keep DPU stable.

航 Tailwind & Catalysts

• Aggressive Asset Redeployment (Japan Focus): The management is actively hunting for up to S$500 million in higher-yielding New Economy assets, focusing heavily on logistics and data infrastructure in Japan. Accretive acquisitions here act as the main re-rating catalyst for late 2026.


• De-gearing Runway: As the remainder of the S$455.8m divestment proceeds settle, aggregate leverage is projected to glide back under the safer 40% threshold, alleviating debt-covenant anxieties.


• Strong Secular Rent Reversions: Despite lower occupancy, the logistics and high-specification industrial segments continue to enjoy positive rental reversions due to tight supply dynamics in prime Singapore industrial hubs.
  Insider Alignment: Notable on-market insider buying (e.g., Board members buying chunks of shares between 2.41 and 2.47 earlier this year) demonstrates strong management confidence at these exact valuation levels.

Summary Outlook
Technically, ESR-LOGOS REIT is catching its breath at a critical structural floor (38.2% Fib at 2.36–2.38). Fundamentally, it is enduring a transition year—trading short-term revenue loss from massive asset sales for long-term balance sheet health and pipeline rejuvenation. A decisive breakout above the 50-day MA would confirm a base case, while the timeline for redeploying capital into overseas logistics will dictate the stock's multi-month trajectory.

‌

‌

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/.........
‌
Check out more REIT financial ratio at https://reitsavvy.com...
‌
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.

$PC Partner(PCT.SI) has been quietly attracting my attention with its strong momentum throughout the year.

I keep hearing colleagues talking about it from time to time, but I never seriously looked into the story behind it.

After going through the latest KGI report dated 18 Mar 2026, I started to understand why the market has been rewarding it.

🔹FY25 results were much stronger than expected
Revenue rose 38.4% YoY, while profit jumped 88.5% YoY.

🔹The company is moving away from low-end cards and pushing premium GPU products
RTX5090 alone contributed HK$1.69bn, or about 16% of own-brand VGA revenue.

🔹KGI revised FY26 revenue forecast from -15.2% decline to +12.3% growth
The reason: better pricing power, premium product mix, and lower concern of another 2022–2023 style collapse.

KGI raised its TP from S$1.73 to S$2.54

Personally, I don’t think it is too late.

The stock still shows strong momentum, and I like the combination of:

• Blackwell upgrade cycle
• Premium GPU mix upgrade
• Strong earnings momentum
•  Potential AI server optionality

📈My Technical View:

The stock started the year around S$0.90 and went into a strong uptrend, eventually hitting an all-time high of S$2.23 on 7 May.

After that came the correction.

When many thought the story was over, the stock found support around S$1.73 and rebounded quickly.

To me, this looks like the stock is attempting to resume its uptrend again.

🎯Next resistance / target levels:

1st Target: S$2.23
2nd Target: S$2.73

My Trade Plan:

I will be initiating a BUY position tomorrowand let the price action do the talking.

⚠️ 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).

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$Singtel(Z74.SI) 

One key reason behind Singtel’s recent weakness is the change involving its Special Discounted Shares (SDS).

Back in 1993 and 1996, many Singaporeans bought Singtel shares using CPF funds at discounted prices.

From 8 Apr 2026 onwards, SDS holders can now:
✅Sell their Singtel shares
✅Receive the proceeds in cash
❌ No need to keep the money inside CPF OA anymore

This led to concerns of selling pressure after Singtel’s strong rally to multi-year highs.

According to reports:
• Around 83,000 SDS holders (13% of the cohort) had sold by 30 Apr 2026
• 90% chose cash proceeds

However, Singtel later mentioned that SDS-related selling had already slowed to around 4.5 million shares daily, or about 11% of average daily trading volume.

Beyond the short-term selling pressure, Singtel is quietly transforming into an AI and digital infrastructure player.

Through Nxera and STT GDC, Singtel is expanding aggressively into:
• AI-ready data centres
• Cloud infrastructure
• Hyperscaler demand

The future growth story may no longer be just about telecom subscribers.
AI infrastructure and data centres could become the next major growth engine.

Interestingly, while some retail investors are worried about SDS selling pressure, institutions appear to be accumulating.

US fund giant Capital Group recently became a substantial shareholder after crossing the 5% stake threshold in Singtel.

Analyst target prices:
• DBS: S$5.71
• Maybank: S$5.25
• UOBKH: S$5.50

📊 My technical view:

Singtel hit an all-time high of S$5.27 on 20 Mar 2026 before dropping sharply to S$4.46 within one month after the SDS announcement.

The stock was supported by its long-term 200 EMA and consolidated for about a week.

Recently, the price has started moving up again with improving momentum, and my General X indicator triggered a BUY signal on 13 May.

Next target:
🎯 S$5.27

My trade action:
I initiated positions at S$4.775 and S$4.855 on 13–14 May after the General X BUY signal was triggered.

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

📍 I will also be conducting my upcoming Chinese stock seminar at SGX on 23 May 2026, where I will share more on how I analyse price action and identify trading opportunities using simple charts. Contact 90908871

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