𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 *16/7/25*

𝐒𝐓𝐈: 4119 (+10) | 𝐇𝐒𝐈: 24590 (+386) | 𝐃𝐨𝐰: 44023 (-436) | 𝐒&𝐏: 6243 (-25) | 𝐍𝐚𝐬𝐝𝐚𝐪: 20677 (+32)

*Banks Flop, CPI Keeps Fed Tense*

Wall Street had a split personality last night 😂. The S&P 500 slipped despite a strong showing from tech, led by Nvidia, which bounced on news it’s resuming H20 chip sales to China. But the financial sector dragged its feet, weighed down by some meh early earnings from the big banks.

On the macro front, June’s CPI data gave mixed signals. Headline inflation ticked up to 2.7% year-on-year )hotter than expected), but core CPI cooled a touch to 2.9% (below forecasts). So, inflation’s still hanging around, machiam like that last guest at a party, but not getting rowdy enough to force the Fed to crash in with a rate cut. For now, they’re probably staying on the sidelines, watching tariffs and inventory flows like hawks.

Speaking of trade, Trump casually mentioned a “preliminary deal” with Indonesia, slapping on a 19% export levy. So, the tariff dance continues.

Eyes now turn to a packed earnings slate. We get Bank of America and Goldman Sachs next, plus a who’s who of market heavyweights like Microsoft, J&J, Netflix, and more reporting this week. Plenty of catalysts ahead.

*What’s brewing today*

*Seatrium* - A breakout on higher-than-usual SDAV spotted on the chart yesterday. Next immediate resistance around $2.30. Results out on 31 July before market opens. On a personal level, I am optimistic.

*SATS* - Finally! A stock that I am very optimistic on but price action has been meh in the last few months… Yesterday, we finally saw a meaningful push above the recent high of $3.14 on higher than usual SDAV to hit a high of $3.25 before closing at $3.24, up 12c or 3.8%. I have shared individually with some of my investors that this is one of the few blue chips that are not anywhere near its high, ie, a laggard. But at the same time, it is also vulnerable to tariff war. Well I guess the TACO trade is making its effect felt 😂.
(for those who do not know about the popular Wall Street acronym TACO, it stands for Trump Always Chicken Out).

*China Medical System (CMS)* - What a debut. CMS debuted on SGX yesterday with an opening price of $2.05 and hit as high as $2.31 before settling at $2.28. A quiet listing, but boy, the price surge is loud!

Disclaimer: Not vested on all three.

===

*Upcoming IPOs:*

*Lum Chang Creations*

— IPO price $0.25.

— Application closing date: 17 July, 12pm.

— Expected listing day: 21 July.

https://drive.google.com/file/d/1xPKdWoON1ipokty_K755qilEYWYzg50M/view?usp=sharing

*Amova E Fund ChiNext Index ETF*

— IPO price: $1.00
— Listing date: 22 July

Please see here:

https://www.poems.com.sg/amova-e-fund-chinext-index-etf/

===

𝑭𝒓𝒐𝒎 𝒕𝒉𝒆 𝑺𝑮𝑿 𝑹𝒆𝒔𝒆𝒂𝒓𝒄𝒉 𝑽𝒂𝒖𝒍𝒕

𝐇𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠 𝐓𝐨𝐝𝐚𝐲

EC: ECB’s Villeroy Speaks in Paris

US: PPI / Industrial Production / New York Fed Services Business Activity

Source: SGX Academy

===

𝐵𝑒𝑙𝑜𝑤 𝑎𝑟𝑒 𝑠𝑜𝑚𝑒 𝑐𝑜𝑚𝑝𝑎𝑛𝑦 𝑛𝑒𝑤𝑠.

𝐔𝐒 𝐒𝐭𝐨𝐜𝐤𝐬

— *Nvidia* rose more than 4% after the AI leader said it will resume the sales of its H20 chip in China, and also announced a new graphical processing unit for Chinese markets.

— *JPMorgan Chase* fell despite the banking giant’s trading revenue soaring in the quarter as investors seized opportunities and hedged risks in response to shifting U.S. tariff policies, even while quarterly profit fell, reflecting a difficult comparison to last year when the bank had recorded a one-time accounting gain.

— *Wells Fargo* fell after the lender cut its expectation for annual interest income, while BlackRock (NYSE:BLK) dropped despite the world’s largest asset manager’s assets under management rising to a record $12.53 trillion in the quarter.

— *State Street* slipped 7.3%, suffering the steepest drop in the S&P 500, in the wake of the firm's second-quarter earnings release

— *BlackRock* reported that its assets under management reached a record level of $12.5 trillion in the second quarter, but the firm's revenue for the period fell short of expectations

— *Agilent Technologies* fell about 6%. The laboratory instrument provider said that CFO Bob McMahon would leave the company for personal reasons, effective at the end of July

— *First Solar* jumped 6.9% after Jefferies increased its price target on the panel maker's stock.

*After-hours movers:*

— *J.B. Hunt Transport Services* fell after reported in-line second quarter results. Q2 EPS was $1.31, in-line with the analyst estimate of $1.31.

𝐒𝐆 𝐒𝐭𝐨𝐜𝐤𝐬

— *SIA's* group-wide passenger load factor for June reaches 88.7% with school and summer holidays

https://links.sgx.com/1.0.0/corporate-announcements/HW32AV5LIAQJD4R8/851994_opstats-jun25.pdf

— *Centurion Corporation* has launched EPIISOD, a new premium student accommodation brand, with its first 732-bed property in Sydney’s Macquarie Park set to open in February 2026, offering modern amenities, sustainable design and a community-focused living experience, as part of its broader expansion across Australia.

*Earnings Calendar:*

18 Jul: Qian Hu

22 Jul: HPHT, Aztech

23 Jul: Digicore, OUEREIT, Sabana, MLT

24 Jul: ESR REIT, FCT, Suntec

25 Jul: iFast, KDCR^

28 Jul: GE&, Raffles Med^, SIA, MIT, KORE^, CLAS^, LippoMalls

29 Jul: UOI, KIT, KORE^, Ascott^, First REIT, ESRREIT^, Starhill

30 Jul: CDLHT^, MPACT, KREIT^, CapLand India, CapLand China^, FEHT^

31 Jul: Elite UK^, Keppel^, AIMS AA REIT^, Seatrium^

1 Aug: OCBC^

4 Aug: Lendlease, Ascendas

5 Aug: CICT^

6 Aug: Venture

7 Aug: Genting Sing, IREIT, DBS^, UOB^

8 Aug: SCI^, SGX^, IFS Capital

12 Aug: Wilmar, HL Asia

13 Aug: CDL^, United Hamsphire^, AEM, UOL, Thakral

14 Aug: Mewah, CLI^, Sasseur^, LHT, Starhub^, China Av Oil, Olam^, ST Engg^

^ 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

𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 *15/7/25*

𝐒𝐓𝐈: 4109 (+21) | 𝐇𝐒𝐈: 24203 (+63) | 𝐃𝐨𝐰: 44459 (-88) | 𝐒&𝐏: 6268 (+8) | 𝐍𝐚𝐬𝐝𝐚𝐪: 20640 (+55)

*TACO Trade*

The S&P 500 nudged up on Monday, helped along by Trump softening his stance on trade (any surprise? 😂). After threatening fresh tariffs on the EU and Mexico over the weekend, he turned around Monday with a “we’re open to talk” message. Classic Trump if you ask me, tough talk followed by the invitation to tango. Markets took it as a sign that maybe, just maybe, we avoid a full-blown trade war. With the August 1 tariff deadline looming, hope is the new hedge.

Meanwhile, customs duty collections hit a record $113.3 billion in the first nine months of fiscal 2025, and Treasury’s aiming for $300 billion by year-end. Not small change, and certainly a growing line item for Uncle Sam.

Earnings season is about to kick off, with the big banks (JPM, BAC, WFC) warming up. Netflix, J&J and 3M also on deck. Eyes are on corporate commentary as much as the numbers, especially with inflation still lurking.

And special mention to Bitcoin ETFs who saw a wave of inflows. Seems like investors are betting the US is warming up to crypto after all.

*What’s brewing today*

*China Medical System* will make its secondary listing on SGX today. 𝑵𝒐𝒕 𝒆𝒗𝒆𝒓𝒚 𝒍𝒊𝒔𝒕𝒊𝒏𝒈 𝒄𝒂𝒕𝒄𝒉𝒆𝒔 𝒉𝒆𝒂𝒅𝒍𝒊𝒏𝒆𝒔, 𝒃𝒖𝒕 𝒕𝒉𝒊𝒔 𝒐𝒏𝒆 𝒄𝒂𝒖𝒈𝒉𝒕 𝒎𝒚 𝒂𝒕𝒕𝒆𝒏𝒕𝒊𝒐𝒏. A quiet but meaningful move, China Medical System Holdings Ltd (CMS) is coming to SGX tomorrow! In the recent flurry of IPOs and listings on SGX, CMS quietly stood out to me, not because of hype, but because of substance. CMS is a HK-listed specialty pharma company since 2010. And this is not just another cross-border listing, it’s a sign of intent! I have been reading up on CMS, and what stands out is their full-spectrum capability. From identifying clinical needs, to R&D, regulatory approvals and commercialisation, all were backed by years of experience in China’s complex healthcare market. This isn’t just a company chasing hype. In fact, 2023–2024 was tough, especially with China’s volume-based procurement (VBP) policy affecting several of their products. But instead of staying reactive, they pivoted. They doubled down on innovative drugs, those with stronger pricing power, government support, and long-term relevance. Their pipeline now includes around 40 innovative products, and their H2 2024 saw a strong rebound in top-line growth from these initiatives.

Some key points to note:

- The SGX listing won’t dilute shareholders as no new shares will be issued

- Their primary listing stays in Hong Kong

- Singapore isn’t just symbolic, it's their regional HQ for South-east Asia and the Middle East

South-east Asia has nearly 700 million people, and the region's pharma demand is rising with an ageing population and the growth of chronic diseases. CMS clearly sees this as a long game, and they are planting roots.

𝐂𝐡𝐚𝐫𝐭-𝐰𝐢𝐬𝐞,

a few of my observations (based on 867.HK):

- Sharp decline in late 2023 due to policy-driven sell-off (likely VBP impact), bottoming around HK$6.76

- Formed a strong base between HK$6.80 - HK$8.00 through much of 2024, a classic accumulation pattern

- Breakout rally since early 2025, surging over +75% from HK$7.00 to above HK$12.00.

- Volume-backed uptrend, indicating strong institutional buying and growing confidence

- No bearish divergence seen yet, trend remains firmly bullish

Overall setup suggests a structural reversal, with potential to revisit HK$14.50 - HK$15.00 if immediate resistance of HK$12.50 - HK$12.80 is cleared

It’s early days, but I believe CMS is one to watch, a quiet achiever that could grow into something meaningful in our part of the world.

Many may have been disappointed with the closing price of *NTT DC REIT*. But personally, I thought the debut was quite decent. REIT’s movement is usually slower than normal stock and I have always likened NTT DC REIT to a med-long term investment with exposure to AI theme. The heavy traded volume despite only 3 hours of trading is an atestment of the merits of the REIT. Just my personal view to share.

Also keep an eye on *BRC Asia and King Wan*. Both announced contract wins yesterday, with the former being more “promising” in terms of price action.

===

*Upcoming IPOs:*

*Lum Chang Creations*

— IPO price $0.25.

— Application closing date: 17 July, 12pm.

— Expected listing day: 21 July.

https://drive.google.com/file/d/1xPKdWoON1ipokty_K755qilEYWYzg50M/view?usp=sharing

*Amova E Fund ChiNext Index ETF*

— IPO price: $1.00
— Listing date: 22 July

Please see here:

https://www.poems.com.sg/amova-e-fund-chinext-index-etf/

===

𝑭𝒓𝒐𝒎 𝒕𝒉𝒆 𝑺𝑮𝑿 𝑹𝒆𝒔𝒆𝒂𝒓𝒄𝒉 𝑽𝒂𝒖𝒍𝒕

*NTT DC REIT- Pure-Play Data Centre S-REIT – Debuts on SGX*

https://www.sgx.com/research-education/market-updates/20250714-ntt-dc-reit-pure-play-data-centre-s-reit-debuts-sgx

*REIT Watch - NTT DC REIT IPO on July 14 broadens AI-related opportunities on SGX*

https://www.sgx.com/research-education/market-updates/20250714-reit-watch-ntt-dc-reit-ipo-july-14-broadens-ai-related

*Industrials take sector lead in 2025 net institutional inflow*

https://www.sgx.com/research-education/market-updates/20250714-industrials-take-sector-lead-2025-net-institutional

𝐇𝐚𝐩𝐩𝐞𝐧𝐢𝐧𝐠 𝐓𝐨𝐝𝐚𝐲

CH: GDP / Industrial Production YoY / New Home Prices / Retail Sales YoY

CPI YoY /  Real Avg Hourly Earning

Source: SGX Academy

===

𝐵𝑒𝑙𝑜𝑤 𝑎𝑟𝑒 𝑠𝑜𝑚𝑒 𝑐𝑜𝑚𝑝𝑎𝑛𝑦 𝑛𝑒𝑤𝑠.

𝐔𝐒 𝐒𝐭𝐨𝐜𝐤𝐬

— *Kenvue* gained after the consumer health company’s CEO and board member Thibaut Mongon stepped down, its second big executive change amid a push by activist investors to boost performance.

— *Fastenal* rose after the industrial supplies maker beat Wall Street estimates for second-quarter profit and revenue, helped by higher demand for its safety supplies.

— *Crypto-related stocks* including Marathon Digital Holdings, MicroStrategy Incorporated, and Coinbase Global jumped, with latter hitting a fresh record high, underpinned by bitcoin’s surge above an unprecedented $123,000.

*After-hours movers:*

— *FB Financial* fell after it reported second quarter results. Adjusted net income was $40.8 million, or $0.88 per diluted common share, compared to $0.85 in the previous quarter and $0.84 in the second quarter of last year.

— *MiMedx Group* and *Organogenesis Holding* fell over 20% after CMS proposed a rule that would drastically cut Medicare spending on skin substitutes.

— *La-Z-Boy* fell after saying it expects its fiscal first quarter sales and adjusted operating margin to be around the low end of the ranges in the previously-issued outlook for the period ending July 26, 2025.

𝐒𝐆 𝐒𝐭𝐨𝐜𝐤𝐬

— *BRC Asia* wins $570M contract for Changi Airport's Terminal 5

— *Frasers Centrepoint Trust* has renewed its property management agreement for Northpoint City South Wing with Frasers Property Retail Management for another 12 months starting 14 July 2025, ensuring continuity, operational efficiency, and alignment with FCT’s broader retail property portfolio.

— *King Wan* wins $28.3M worth of mechanical and electrical contracts

— *Mooreast* Partners Norway’s GeoProvider AS For Geotechnical Solutions for Floating Energy; Signs MoU with South Korea’s KOCECO

*Earnings Calendar:*

18 Jul: Qian Hu

22 Jul: HPHT, Aztech

23 Jul: Digicore, OUEREIT, Sabana, MLT

24 Jul: ESR REIT, FCT, Suntec

25 Jul: iFast, KDCR^

28 Jul: GE&, Raffles Med^, SIA, MIT, KORE^, CLAS^, LippoMalls

29 Jul: UOI, KIT, KORE^, Ascott^, First REIT

30 Jul: CDLHT^, MPACT, KREIT^, CapLand India, CapLand China^, FEHT^

31 Jul: Elite UK^, Keppel^, AIMS AA REIT^, Seatrium^

1 Aug: OCBC^

4 Aug: Lendlease, Ascendas

5 Aug: CICT^

6 Aug: Venture

7 Aug: Genting Sing, IREIT, DBS^, UOB^

8 Aug: SCI^, SGX^, IFS Capital

12 Aug: Wilmar, HL Asia

13 Aug: CDL^, United Hamsphire^, AEM, UOL, Thakral

14 Aug: Mewah, CLI^, Sasseur^, LHT, Starhub^, China Av Oil, Olam^

^ 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

𝐃𝐁𝐒, 𝐎𝐂𝐁𝐂, 𝐚𝐧𝐝 𝐔𝐎𝐁 𝐥𝐨𝐨𝐤 𝐥𝐢𝐤𝐞 𝐭𝐡𝐞𝐲’𝐫𝐞 𝐠𝐞𝐚𝐫𝐢𝐧𝐠 𝐮𝐩 𝐟𝐨𝐫 𝐚 𝐡𝐮𝐠𝐞 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐦𝐨𝐯𝐞 𝐬𝐨𝐨𝐧… 𝐛𝐮𝐭 𝐢𝐬 𝐢𝐭 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐛𝐮𝐲 𝐧𝐨𝐰? 🤔
>> https://youtu.be/TEXJTBbbgZw

I just shared a full breakdown of the Singapore banks’ charts using my 𝟏𝐆𝐓 (𝐏𝐫𝐨) 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫.

Check out the 𝐊𝐄𝐘 𝐋𝐄𝐕𝐄𝐋𝐒 I’m watching before the next big move happens!
$DBS(D05.SI) $OCBC Bank(O39.SI) $UOB(U11.SI)

$LHN(41O.SI) 2 1GT Bullish signals still present, no exit signals just yet.

20d Moving Average still pointing up as prices broke the 0.800 resistance now turned support, upside target now drawn to 1.00.

Are we just seeing the initial moves? Could prices continue to push past the key levels?💪

🚨 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐭 𝐚 𝐭𝐮𝐫𝐧𝐢𝐧𝐠 𝐩𝐨𝐢𝐧𝐭? $STI(^STI.IN)

𝐒&𝐏 𝟓𝟎𝟎, 𝐍𝐚𝐬𝐝𝐚𝐪, 𝐃𝐨𝐰, 𝐚𝐧𝐝 𝐒𝐓𝐈 are now at CRUCIAL levels. Is there more upside… or are we about to see a sell-off? 🫢🤞

I just recorded this important July 2025 𝐦𝐚𝐫𝐤𝐞𝐭 𝐮𝐩𝐝𝐚𝐭𝐞.

Watch it here before making your next move 👇
https://youtu.be/J1UOCpM-QbA

@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/live/cBhvdBU5WTo?s...
$DBS(D05.SI) $Parkson Retail(O9E.SI) $UMS(558.SI)

https://youtu.be/l8sC1wDoUQo?si=6nE536FKXc...
$DBS(D05.SI) $Singtel(Z74.SI) $NIO Inc. USD OV(NIO.SI)

https://www.youtube.com/live/dKOhGMuoRQU?s...

Honored to be invited as a guest to witness the $NTT DC REIT USD(NTDU.SI)  IPO debut on SGX today. It was a great pleasure meeting many VIPs and key figures at SGX. Excited to see such a landmark listing and the bright future ahead for data centre REITs!

‌

Key Highlights
Largest REIT IPO on SGX in a Decade:  NTT DC REIT, a data centre-focused real estate investment trust sponsored by NTT Group, debuted on the Singapore Exchange (SGX) today, marking the largest REIT listing on the exchange in ten years.

‌

IPO Details:
Offer Price: US$1.00 per unit
Total Funds Raised: US$773 million
Units Offered: About 600 million units (569.9 million via international placement, 30 million via Singapore public offer at S$1.276 per unit).
Market Capitalisation at Listing: US$1 billion.

‌

Trading Performance:
Opened at US$1.02, peaked at US$1.03 (+3%), but closed flat at the IPO price of US$1.00 per unit.The volume-weighted average price for the day was US$1.0159.

‌

Investor Demand:
The Singapore public tranche was 9.8 times oversubscribed, with over 14,000 valid applications for the 30 million units available. Cornerstone investors, including Singapore’s sovereign wealth fund GIC (taking a 9.8% stake), AM Squared, Ghisallo Master Fund, Hazelview Securities, Pinpoint Asset Management, Viridian Asset Management, and UBS, subscribed to over 172 million units (16.8% of total units).

‌

Portfolio & Strategic Importance
Initial Portfolio: Six data centres (four in the US, one in Austria, one in Singapore) with a combined appraised value of US$1.6 billion and an IT load capacity of approximately 90 MW. Portfolio occupancy at end-2024: 94.3%Weighted average lease expiry: 4.8 years
Growth Prospects: NTT DC REIT aims to expand its portfolio with a pipeline of high-quality data centre assets, leveraging the global platform of NTT, the world’s third-largest data centre provider (outside China).

‌

Market & Industry Context
Sector Growth: The global data centre market is experiencing rapid growth, driven by cloud computing and AI, with commissioned power rising from 18.2 GW in 2020 to 49.1 GW in 2024 (CAGR of 28.1%).
SGX’s Position: The listing reinforces Singapore’s role as Asia’s leading REIT hub, expanding opportunities for investors to tap into digital infrastructure assets.

‌

Remarks from Stakeholders

• SGX CEO Loh Boon Chye: The listing is expected to spur further REIT activity and demonstrates growing confidence in Singapore’s capital markets.


• NTT Global Data Centres CEO Doug Adams: Highlighted Singapore’s vibrant economic environment and the REIT’s potential to deliver dependable returns to investors.

NTT DC REIT’s debut is viewed as a significant milestone for both the sponsor and Singapore’s capital markets, offering investors exposure to the fast-growing data centre sector and reinforcing SGX’s status as a regional REIT launchpad.

🪙NTT DC REIT IPO 9.8x oversubscribed on Singapore Public Offer, Overall 4.6x oversubscribed.
🪙NTT DC REIT will start trading on 14 Jul 2025 with NTDU.SI
🪙Prime US REIT Signs 120,000 Square Feet Lease At Re-Branded Waterfront At Washingtonian In Gaithersburg
🪙Singapore REITs Monthly Update (19 Jun 2025) - Check out at REITsavvy.com

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

#reitnews #SGREITsweeklyupdate #SGREITsPulse
#reitsavvy #reit

SGX trading symbol:  $NTT DC REIT USD(NTDU.SI)
‌
IPO Information
* IPO Offer Price: US$1.00 / S$1.276
* Offer Closing Date: 10 July 2025, 12:00 p.m.
* Listing Date: 14 July 2025, 2:00 p.m.

‌
If you love financial ratio, check out the post published article by REITsavvy.

NTT DC REIT IPO: Prospectus & Summary, comparison with existing Data Centre REITs
‌
$Keppel DC Reit(AJBU.SI) $DigiCore Reit USD(DCRU.SI) $Mapletree Ind Tr(ME8U.SI) $CapLand Ascendas REIT(A17U.SI)