--- title: "SG Morning Brief｜STI, Banks Steady as Tesla, Meta Earnings Loom" type: "News" locale: "en" url: "https://longbridge.com/en/news/302479727.md" description: "The Straits Times Index slipped 0.15% to 5,404.02 on Tuesday with weak breadth, while MAS's surprise October hold and crude near $100 keep Singapore's inflation debate live. Meta and Tesla report after today's SGX close." datetime: "2026-10-21T00:05:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302479727.md) - [en](https://longbridge.com/en/news/302479727.md) - [zh-HK](https://longbridge.com/zh-HK/news/302479727.md) generator: "portal-rs" --- # SG Morning Brief｜STI, Banks Steady as Tesla, Meta Earnings Loom - **STI:** The Straits Times Index closed Tuesday at 5,404.02, down 0.15% or 7.98 points, with breadth weak — 180 gainers versus 388 losers and about S$1.6 billion traded. - **Local catalyst:** MAS's surprise October hold (it left the S$NEER band unchanged on Oct 14) and Q3 GDP growth of 5.4% keep the rate-versus-inflation debate open as crude flirts with US$100 a barrel. - **US overnight:** Wall Street closed mixed — the Dow rose about 1.1%, the S&P 500 added roughly 0.3%, while the Nasdaq 100 (by ETF proxy) edged about 0.1% lower as AI earnings dominated. - **Today:** Meta Platforms and Tesla report after the US close (early hours Thursday Singapore time); watch Nasdaq futures, which were about +0.7% in early Asian trade. ## Singapore Open The benchmark $DBS and peers were the story on Tuesday rather than the index itself. The Straits Times Index finished at 5,404.02, losing 7.98 points or 0.15%, but the tape underneath was softer: 388 counters fell against just 180 gainers on turnover of around S$1.6 billion. Banks were mixed — $DBS (D05.SG)$ rose 0.5% or S$0.34 to S$74.45, $UOB (U11.SG)$ added 0.1% or S$0.03 to S$41.64, while $OCBC (O39.SG)$ slipped 0.3% or S$0.08 to S$28.92. $Jardine Matheson (J36.SG)$ led blue-chip gainers, up 3% to US$57.41, while shipbuilder $Yangzijiang Shipbuilding (BS6.SG)$ was the worst STI constituent, down 3.1% or S$0.16 to S$4.99. The local tone was cautious rather than fearful. AI-investment concerns rippled through regional chip names, and the wider SGX tape saw defensives and yield names act as ballast. With US$100 oil now a live scenario and the 10-year Treasury yield near 5.1%, the interest-rate-sensitive property and REIT complex was in focus — Keppel REIT fell 4.85% to S$0.785 on its proposed S$610.9 million Keppel South Central stake acquisition. ## Singapore Macro The Monetary Authority of Singapore held its S$NEER policy band unchanged on Oct 14, pausing after two straight tightenings in April and July, and narrowed its 2026 core inflation forecast to 1.5%–2.0%, with 2027 core and headline inflation both seen averaging 1.5%–2.5%. That surprise hold — 17 of 20 economists in a Bloomberg poll expected a steeper slope — sits alongside Q3 2026 GDP growth of 5.4% year on year (advance estimate), a slower but still firm pace versus Q2's 6.2%. For SGX investors the transmission matters. The appreciating S$NEER band is doing MAS's anti-imported-inflation work, but crude near US$100 and the possibility of a hot US CPI forcing another Fed hike both push against that. If imported energy costs stay elevated, local rates may stay higher for longer — support for bank net interest margins at $DBS (D05.SG)$, $OCBC (O39.SG)$ and $UOB (U11.SG)$, but a headwind for REIT financing costs and property-linked names. Watch Singapore's September CPI print this week for any acceleration beyond August's 2.3% headline. ## US Overnight Tuesday's US session (which closed early this morning Singapore time) was split along AI lines. By ETF proxy, the S&P 500 closed around 7,690.50, up 0.34%; the Dow jumped about 1.05% to roughly 52,436; while the Nasdaq 100 edged 0.10% lower to about 21,528.90 as chip volatility persisted. The 10-year Treasury yield hovered near 5.1%, keeping pressure on gold and growth multiples. Dow component $3M (MMM.US)$ jumped about 5% after Q3 adjusted EPS of $2.50 beat the $2.38 consensus and it raised its full-year EPS view. $General Motors (GM.US)$ fell about 5% after narrowing its 2026 adjusted earnings forecast to US$14.5–15.5 billion. $Amazon (AMZN.US)$ added about 5% as consumer discretionary led sector gains. **After hours, $Super Micro Computer (SMCI.US)$ initially surged as much as 15%** after guiding quarterly revenue to US$18.5–19.5 billion, far above the ~US$15 billion consensus, lifting AI-hardware sentiment — Dell and HP followed higher. **$Netflix (NFLX.US)$ fell initially** after Q3 revenue of US$12.87 billion met expectations and EPS of US$0.87 beat, but Q4 revenue guidance of US$13.44 billion missed the ~US$13.5 billion consensus and full-year ad revenue was cut to about US$2.7 billion versus a prior US$3 billion target. Both moves were still fluid at time of writing. ## Asia Pre-Market US index futures ticked higher in early Asian trade — S&P 500 futures about +0.2% and Nasdaq 100 futures roughly +0.7% — supported by the AI earnings beats from SpaceX and Super Micro, which overshadowed Netflix's softer guide. WTI crude steadied near US$99–100 a barrel, with Brent near US$110, as Hormuz supply risk kept a floor under energy. Gold slipped to about US$4,119 an ounce under the weight of ~5% US yields, while Bitcoin traded around US$81,300–81,700. The signal for SGX's open: firmer tech futures should cushion AI-linked names, but elevated oil and Treasury yields remain the offsetting pressure on REITs and rate-sensitive defensives. ## Today's US Earnings and Economic Calendar Meta Platforms and Tesla headline a heavy midweek earnings slate after the US close (early hours Thursday Singapore time, or "post-mkt"). Consensus below is from MarketBeat and company-compiled estimates where available. | Company | Timing (post-mkt, SGT window) | Consensus EPS | | --------------------- | ---------------------------------- | ------------- | | AT&T (T) | pre-mkt Wed (Wed evening SGT) | US$0.60 | | Meta Platforms (META) | post-mkt Wed (Thu early hours SGT) | US$6.76 | | Tesla (TSLA) | post-mkt Wed (Thu early hours SGT) | US$0.45 | | SGT | ET | Event | Consensus | | ----------- | ----------- | --------------------------------------- | --------- | | Wed 7.00pm | Wed 7.00am | MBA Mortgage Applications | — | | Thu 8.30pm | Thu 8.30am | Initial Jobless Claims | 200K | | Thu 10.00pm | Thu 10.00am | Leading Economic Index | -0.1% | | Fri 9.45pm | Fri 9.45am | S&P Global US Manufacturing PMI (flash) | 55.5 | | Fri 10.00pm | Fri 10.00am | U. Michigan Consumer Sentiment (final) | 46.3 | **Earnings Spotlight: $Meta Platforms (META.US)$** — Wall Street expects roughly US$6.76 in EPS on about US$63.3 billion of revenue when Meta reports after today's close. The watch items: whether the newly launched Muse Spark AI agent (which hit 5 million downloads faster than ChatGPT or Claude) is converting into ad and engagement upside, and whether Meta's heavy AI capex is still being applauded by a market that just punished several AI names last week. With US$100 oil and a hot September CPI lift for a possible October Fed hike still in the backdrop, a Meta disappointment would land into a fragile tape rather than a risk-on one. Tesla follows the same session just after Meta's print. ## One More Thing This earnings week is less about whether numbers beat and more about whether guidance is believed. Netflix beat on EPS yet fell on a softer Q4 revenue guide; Super Micro surged on guidance strength before delivering actual results. For SGX, the reusable framework is to separate sector rotation from outright risk-off: if the Nasdaq's AI-led bounce holds without pushing the 10-year above ~5.2%, the local banks-and-yield complex can grind along; if yields spike and oil holds above US$100 together, that is a REIT-and-property signal to lighten, not a bank signal. Watch the yield, not just the ticker. *Sources: The Business Times, Monetary Authority of Singapore, MarketBeat earnings estimates.* *This briefing is for informational purposes only and does not constitute investment advice.* ### Related Stocks - [META.US](https://longbridge.com/en/quote/META.US.md) - [CRSH.US](https://longbridge.com/en/quote/CRSH.US.md) - [FBL.US](https://longbridge.com/en/quote/FBL.US.md) - [FBX.US](https://longbridge.com/en/quote/FBX.US.md) - [FBY.US](https://longbridge.com/en/quote/FBY.US.md) - [FBYY.US](https://longbridge.com/en/quote/FBYY.US.md) - [MEIB.US](https://longbridge.com/en/quote/MEIB.US.md) - [METD.US](https://longbridge.com/en/quote/METD.US.md) - [METG.US](https://longbridge.com/en/quote/METG.US.md) - [METQ.US](https://longbridge.com/en/quote/METQ.US.md) - [METU.US](https://longbridge.com/en/quote/METU.US.md) - [METW.US](https://longbridge.com/en/quote/METW.US.md) - [TESC.US](https://longbridge.com/en/quote/TESC.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [TEST.US](https://longbridge.com/en/quote/TEST.US.md) - [TLA.US](https://longbridge.com/en/quote/TLA.US.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TSIB.US](https://longbridge.com/en/quote/TSIB.US.md) - [TSII.US](https://longbridge.com/en/quote/TSII.US.md) - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [TSLI.US](https://longbridge.com/en/quote/TSLI.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLO.US](https://longbridge.com/en/quote/TSLO.US.md) - [TSLP.US](https://longbridge.com/en/quote/TSLP.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) - [TSLS.US](https://longbridge.com/en/quote/TSLS.US.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [TSLV.US](https://longbridge.com/en/quote/TSLV.US.md) - [TSLW.US](https://longbridge.com/en/quote/TSLW.US.md) - [TSLY.US](https://longbridge.com/en/quote/TSLY.US.md) - [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md) - [TSW.US](https://longbridge.com/en/quote/TSW.US.md) - [TSYY.US](https://longbridge.com/en/quote/TSYY.US.md) - [TYYY.US](https://longbridge.com/en/quote/TYYY.US.md) - [07766.HK](https://longbridge.com/en/quote/07766.HK.md) - [09366.HK](https://longbridge.com/en/quote/09366.HK.md) - [BS6.SG](https://longbridge.com/en/quote/BS6.SG.md) - [D05.SG](https://longbridge.com/en/quote/D05.SG.md) - [J36.SG](https://longbridge.com/en/quote/J36.SG.md) - [K71U.SG](https://longbridge.com/en/quote/K71U.SG.md) - [O39.SG](https://longbridge.com/en/quote/O39.SG.md) - [SO7.SG](https://longbridge.com/en/quote/SO7.SG.md) - [U11.SG](https://longbridge.com/en/quote/U11.SG.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) ## Related News & Research - [Meta removes language that may have allowed it to scrape news sites](https://longbridge.com/en/news/302185503.md) - [Meta Earnings Preview: Muse, AI Capex and Q3 Outlook](https://longbridge.com/en/news/302318608.md) - [Meta Stock Forecast: META Defends $694 Support as a $10 Billion Legal Charge and Capex Test Loom](https://longbridge.com/en/news/302380893.md) - [RBC Capital Sticks to Its Buy Rating for Meta Platforms (META)](https://longbridge.com/en/news/302491698.md) - [Meta Platforms, Inc. $META Stock Acquired by N10 Assets LLC](https://longbridge.com/en/news/301942901.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**