TheInvestingIguana

🦎 IGGY MIDDAY BRIEF — 12 JUNE 2026

🍱 Lunchtime check-in, Iguanas. Here's what the morning told me.

MORNING SESSION RECAP

STI at 5,014 at midday, up 0.5%. We opened up 1.1% on the US-Iran relief rally, then gave back half by lunch.

Volume is running right on the 30-day average — not heavy, not light. That's the tell: no one is chasing this gap.

Banks led the open, then faded with the index. Energy and offshore lagged as Brent slipped below $90 to around $89.40.

My read: this was a sympathy gap with Asia, not a conviction breakout. The fade from +1.1% to +0.5% tells me Singapore money is using strength to lighten, not add. That's exactly what you'd expect after the volatility we've had.

THREE MOVERS I'M WATCHING

👁 D05 DBS +0.8%

Opened near 63.74 on the risk-on tone, now drifting. Yesterday we saw volume normalize to 1.12x — today is the test of whether that calm holds. I'm watching 63.00 into the close. Hold it, and the selling chapter stays closed.

👁 5E2 Seatrium -1.0%

Oil below $90 is a headwind, and this name has been heavy for ten days. Touched 1.94 this morning. The question isn't the dip, it's whether buyers defend that level or let it break to new lows.

👁 S68 SGX +0.9%

Quiet winner today. With regional volumes elevated, SGX collects the toll. Not exciting, but this is what a quality compounder does in choppy markets — steady bid, no drama.

MACRO PULSE

Trump called off planned strikes, saying Iran talks are progressing. Brent fell 3% overnight, Asia ripped — Nikkei +2.7%, KOSPI +7.4%, Hang Seng +1.5%. US futures are adding to it, S&P +0.36%, Nasdaq +0.61%.

LUNCH TABLE VIEW

This has the feel of a classic gap-and-fade. The morning high around 5,040 is likely the day's high unless US futures accelerate this afternoon.

Key level into the close: 5,000. Hold above it, and yesterday's recovery stays intact. Lose it, and we open the door for a second leg down tomorrow.

🦎 IGGY MORNING BRIEF — 10 JUNE 2026

☕ Good morning, Iguanas. SGX opens at 9:00 AM SGT. Here is what I am watching before the bell.

OVERNIGHT US SUMMARY

I watched Wall Street close mixed overnight. Tech took the hit while the old economy held firm.

S&P 500: 7,386.65 (-0.26%)

Nasdaq: 25,678.82 (-0.97%)

Dow: 50,872.11 (+0.17%)

Chips pulled back after that AI run, and talk of an Iran deal kept oil capped near $92. Gold sat steady around $4,300.

My read: this rotation out of growth into value helps our dividend names. For us income investors, the Nasdaq wobble is just noise.

SGX PRE-OPEN PULSE

We closed at 5,023.25 yesterday, up 1.2%. I am expecting a cautious open this morning. US tech softness might weigh early, but our banks and consumer names tend to march to their own drum. USD/SGD is quiet at 1.29.

THREE STOCKS ON MY RADAR TODAY

👁 Y92 Thai Beverage — up 3.53% yesterday, the most active counter on the board. I want to know what drove that volume spike, and whether anything has shifted in the dividend story since the last payout.

👁 O39 OCBC — up 1.71%, the strongest of our Big 3. With CET1 around 17%, I am watching to see if money keeps rotating into the best capitalised bank, not just the highest yielder.

👁 BS6 Yangzijiang Shipbuilding — lagged badly while we rallied 1.2%. After a strong run, that kind of underperformance catches my eye. Order book is still $22.4 billion, earnings due in early August.

MY GAME PLAN FOR TODAY

I never chase yesterday's top gainer, so ThaiBev stays on my watchlist, not my action list. I will wait for a pullback.

The theme I am carrying into today: the bank rotation looks real to me. OCBC leading DBS and UOB tells me smart money is favouring balance sheet strength.

I am also keeping an eye on Yangzijiang into the afternoon. Is this simple profit taking, or is there something in the filings I need to see? I will pick this up with you at lunch.

🦎 IGGY MIDDAY BRIEF — 4 JUNE 2026

🍱 Lunchtime check-in, Iguanas. Here is what the morning session told me.

1. MORNING SESSION RECAP

STI sitting around 5,087, down roughly 1.0% from yesterday's 5,138 close. Volume tone is below average across most names, orderly selling rather than panic. Banks are doing the heavy lifting on the downside, while REITs are holding comparatively firm. The morning is telling a geopolitical story, not a fundamental one. Middle East hostilities flaring again is the catalyst, not earnings or rates.

2. THREE MOVERS IGGY IS WATCHING

👁 O39 OCBC — -2.24%

Heaviest bank selling with above-average volume ratio of 1.11. I want to see if this is institutional rotation or just correlated fear before drawing any conclusion.

👁 BS6 Yangzijiang Shipbuilding — -2.79%

Already down nearly 6% over five sessions. The order book has not changed, but the sentiment around cyclical names clearly has. Watching for any sign of a floor.

👁 A17U CapitaLand Ascendas REIT — +0.40%

The odd one out. Green in a red sea tells me someone is treating industrial REITs as a shelter today. Worth monitoring whether that bid holds into close.

3. MACRO PULSE CHECK

Renewed US-Iran hostilities overnight have spooked Asian markets broadly. Oil is jumping as ceasefire talks stall. No local data releases shifted tone this morning. The macro pulse fully explains the morning red, so this is an imported mood, not a Singapore-specific problem.

4. IGGY'S LUNCH TABLE VIEW

This looks like a fade candidate to me. The selling is thin, volume is low, and nothing in our portfolio's fundamentals changed overnight. I do not trim a position because Tehran made the morning headlines. I am waiting to see whether the banks find a bid in the afternoon session. If OCBC volume dries up after lunch, that tells me the selling was exhausted, not accelerating.

Not financial advice. Iggy's Forensic Compliance Standards apply.