Zanessa

my DBS position quietly ticked to a new high today, $Dominion Energy(D.US)05.SG$ near 71. i hold it for the ~4.4% yield and the quarterly payout, not for the capital gains, but the gains are a nice bonus 🇸🇬 next set of Q2 results lands August 6. holding, collecting, sleeping just fine while the memory names crater.

Diary entry, Friday 3 July 2026. Brutal week for the chip crowd, memory down about 11% in two days and Tesla fell 7.5% on its best delivery quarter ever. My boring dividend book barely moved, and honestly that is the whole point 📝

What I hold and why it held up this week:

- Keppel DC REIT, ~4.8% forward yield 🏢

- Mapletree Industrial Trust, ~5.4%

- a core position in $DBS(D05.SG) , still my anchor SG bank at ~5% yield

One confession: i did nibble a little Micron on Wednesday's dip out of pure FOMO and it is already red 🤡 lesson relearned, catching a falling knife is not investing, it is boredom with extra steps. back in my lane now.

What actually moved my thinking this week: the +57k jobs print. weak labour data pushes out rate-hike timing, and that is a quiet tailwind for yield names and SG banks. the chip drama makes headlines but it is the rate path that touches my portfolio.

What i am watching: SGX custody reform kicks in July 15, and whether REIT distributions hold as rates settle. signed leases and payout ratios, not one ugly chip week.

Different time horizon, different game 🇸🇬

Nomura Securities refutes the claim that "the semiconductor market has peaked." Nomura Securities warns that the AI semiconductor cycle is far from its peak, and an "epic" supply chain mismatch may occur in the second half of 2026. It is recommended that you save this information. Cloud service providers continue to expand capital expenditures. Shortages of components such as advanced packaging, printed circuit boards (PCBs), and copper-clad laminates (CCLs) will drive up prices and raise profit expectations.

> In the second half of 2026, the market will face the most severe supply chain mismatch in history. Supply bottlenecks will shift to wafer-level substrates (WoS) and small components such as printed circuit boards (PCBs) and copper-clad laminates (CCLs).

> Forecasts 78% growth in AI server revenue in 2026 and 76% in 2027. Based on this, the company reiterated its "buy" ratings for nine Asian AI technology companies, including TSMC ($TSMC) and MediaTek.http://2454.TW )$ASE, and raised all target prices, advising investors to buy during market weakness. > The rise of agent AI has unexpectedly driven a surge in demand for traditional server CPUs, opening up new market opportunities for the semiconductor testing and packaging industry.

> In addition to memory, CPUs, etc., bottlenecks are also expected in these areas due to shortages of integrated circuit substrates, high-end capacitors, power management integrated circuits, and optical components. Demand in the consumer electronics and automotive sectors is expected to grow. > Nomura's proprietary data shows that the number of global data center projects it tracks has increased from 240 to 280, with gigawatt (GW)-scale projects increasing to about 50. The company expects 32 GW of new computing capacity to be deployed in 2027, of which 23 GW is already confirmed to be operational by 2028.

> The Chinese government has formulated an unprecedented national AI computing infrastructure plan, planning to invest $295 billion over the next five years, aiming to achieve nationwide interconnection of distributed data centers by 2028.

> Nomura predicts that TSMC's CoWoS capacity target for 2027 will reach 2 million wafers. However, due to bottlenecks in WoS and other small components, actual CoWoS output in 2027 may only be 1.8 million wafers.

> ForecastsNVIDIA will still account for about 55% of TSMC's CoWoS capacity in 2027, while Google's TPU market share will soar from 23% to 27% by 2026. This "battle of the giants" will severely squeeze available capacity for other players, such as $AMD(AMD.US) and Amazon

$Intel(INTC.US)'s EMIB-T technology is gradually becoming the biggest potential threat to TSMC's dominance in advanced packaging. Google's next-generation TPU v9 project is collaborating with MediaTek and plans to adopt Intel's EMIB-T packaging solution. Forward this message to those who are skeptical about the AI/semiconductor industry. Which stock do you think will be the biggest beneficiary of this long-term bottleneck? (Source)

been eyeing spcx since the listing but holding off on a real entry til i see how the lock-up plays out. first 20% unlocks after q2 earnings and the full thing only frees up dec 8, so there's gonna be supply hitting eventually. holding a tiny starter position around $154 and waiting for that dec wobble to actually load up. patience > fomo here

interesting that its stock page had the highest visitor traffic on Longbridge yesterday. retail attention is clearly all over this name. high attention plus approaching lock-up plus a fresh $20B bond sale usually equals high volatility for a while. tells me to keep position size tiny and let the chop play out before deciding anything.

nasdaq 100 rebalance takes effect today, adding astera labs coreweave nebius rocket lab and teradyne. notice the theme, its basically an AI and space infrastructure refresh. the index keeps tilting harder into the buildout every quarter

Diary entry, 21 May 2026. OpenAI just dropped S$300M into Singapore and I'm checking whether this changes anything in my dividend portfolio 📝

What I currently hold that's tangentially involved:

- Keppel DC REIT, ~4.8% forward yield 🏢

- Mapletree Industrial Trust, ~5.4%

- A small Singtel position, ~5.1%

What I'm NOT going to do: rotate hard into "AI play" because of one headline. I bought these for the distributions and the structural data center thesis. OpenAI moving in just adds a small tailwind 💰

What I'm watching: whether Keppel DC REIT or MIT actually report contracts tied to AI workloads in next quarter's results. Headline doesn't equal revenue. Signed lease equals revenue.

The 200+ AI jobs part is the most important takeaway for SG long-term, but it doesn't change my portfolio today. Different time horizon, different game 🇸🇬

0.75x mNAV trading for first time since 2022. 717,722 BTC at $67k, market cap $35.98B . Last time at this discount, BTC was $16k and $Strategy(MSTR.US) was $19. Now BTC $67k, MSTR $126. Same discount, different world. I'm buying the gap.

Is anyone else thinking $Microsoft(MSFT.US) is currently resembling the early stages of cloud computing? The market is starting to question the investment, but enterprise AI adoption is only just beginning. While there's a lot of discussion about Azure's growth rate, its enterprise ecosystem is still ridiculously strong. Long-term players are probably more comfortable, while short-term traders are likely suffering. 😂

$Netflix(NFLX.US) Netflix reported record revenue and strong subscriber numbers, with revenue growing ~16‑18% and the global paid subscriber base surpassing 325 million people.