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JD.com has officially announced that it will release its second-quarter and first-half 2026 financial results on 13 August 2026, before the U.S. market opens (and after the Hong Kong market closes). Management will also host an earnings conference call to discuss the results and outlook.Analysts continue to highlight JD Logistics and the company's nationwide fulfilment network as one of its strongest competitive moats. Faster delivery and supply chain capabilities remain important differentiators against rivals in China's e-commerce market.JD continues to expand its international business while investing in AI and supply-chain technology to improve operating efficiency. Investors will be looking for updates on these initiatives during the upcoming earnings call.I remain constructive on JD.com over the long term due to its strong balance sheet and healthy cash generation.

Its industry-leading logistics network, which is difficult for competitors to replicate and has reasonable valuation compared with many global internet companies.$JD-SW(09618.HK)

I view $Amova-StraitsTrdg Asia REIT(CFA.SG) as a solid income-focused ETF rather than a high-growth investment. It's suitable for investors looking for regular dividends, diversification, and exposure to Asia-Pacific REITs through a single investment.

What I like is its attractive dividend yieldCFA has consistently paid quarterly distributions, with a trailing dividend yield of around 6% based on recent prices. This makes it appealing for investors seeking passive income.

Instead of buying individual REITs, one investment provides exposure to about 48 REITs across Asia ex-Japan.REITs generally perform better when borrowing costs decline. If central banks continue easing monetary policy over the next 12–24 months, REIT valuations and distributions could receive additional support.The ETF has an expense ratio of around 0.55–0.60%, which is relatively reasonable for gaining diversified regional REIT exposure in a single trade.

It may be less suitable for investors seeking rapid capital growth, as REIT ETFs typically offer steadier, income-oriented returns.If interest rates gradually decline over the next few years, I believe CFA could benefit from improving REIT valuations and lower financing costs for its underlying holdings

For investors whose primary goal is stable passive income with moderate long-term growth, CFA is one of the stronger REIT ETF options listed on the SGX.

Following its blockbuster earnings release, $Microsoft(MSFT.US)shares have continued to climb in early August. According to MarketWatch, the stock recorded its strongest three-day rally since October 2000, gaining nearly 25% over the period and erasing its earlier year-to-date losses.The recent share price surge reflects a shift in investor sentiment—from questioning whether Microsoft's AI spending would pay off to believing that the company is successfully monetising AI at scale. The combination of stronger-than-expected Azure growth, rising Copilot adoption, robust cash flow, and optimistic management guidance has reinforced Microsoft's position as one of the leading beneficiaries of the AI revolution.After the sharp rally, expectations are now very high. Any slowdown in Azure growth or AI adoption could lead to increased volatility.Microsoft is still spending aggressively on AI infrastructure. Investors will continue to monitor whether these investments translate into sustained earnings growth.Although Microsoft continues investing heavily in AI infrastructure and data centres, management indicated it expects to maintain healthy cash generation and does not anticipate negative free cash flow during the new fiscal year. This helped ease concerns that capital expenditure would weigh excessively on profitability.

$Soon Hock(SHE.SG)Soon Hock's share price climbed from around S$0.56 after its IPO to a high of about S$0.655 earlier . Some investors may simply be locking in profits after the strong run.The stock went ex-dividend in late June 2026. On the ex-dividend date, a share price typically falls by approximately the dividend amount because new buyers are no longer entitled to receive that dividend.FY2025 earnings were boosted by revenue recognition from completed projects, particularly Stellar@Tampines. While the reported results were strong, investors are now focused on whether the company can sustain earnings growth from its next projects.Some analysts expect earnings to moderate over the next few years because property development earnings are project-based and can be uneven from year to year. This may have made some investors more cautious despite the company's healthy project pipeline.The next key catalyst will be the company's upcoming financial results and updates on the sales and construction progress of its development projects. Hopefully management can demonstrates that the earnings pipeline remains healthy, that could help improve investor sentiment.

$Microsoft(MSFT.US)sharp share price increase on 30 July 2026 was driven primarily by a strong quarterly earnings report that exceeded Wall Street's expectations.Management projected Q1 FY2027 revenue of approximately US$90.4 billion (midpoint), ahead of market expectations. The upbeat outlook reassured investors that AI-driven demand remains strong.Investors had been concerned that Microsoft's heavy AI spending might take years to pay off. However, management highlighted more than 30 million paid Microsoft 365 Copilot users and a US$678 billion commercial cloud backlog, indicating strong future demand.Although Microsoft continues to invest aggressively in AI infrastructure, it generated US$19.6 billion in free cash flow during the quarter. This helped reassure investors that the company can continue funding AI expansion while maintaining strong financial performance.For long-term investors, these results reinforce Microsoft's position as one of the leading beneficiaries of the ongoing AI transformation. However, after such a strong move, short-term volatility is still possible if future quarters fail to meet these elevated expectations.

$Grab(GRAB.US)is scheduled to announce its Q2 2026 results on 3 August 2026 (U.S. time) and I remain constructive on Grab's long-term outlook. The company has largely shifted from a "growth at all costs" strategy to one that balances growth with profitability, which is a key reason investor sentiment has improved over the past year.Grab's ecosystem extends beyond ride-hailing and food delivery to include Digital financial services,GrabMart,Advertising,Grab for Business and GrabMaps

These businesses create multiple revenue streams and encourage users to remain within the Grab ecosystem.Grab continues investing in AI and automation to improve operational efficiency. It is also expanding autonomous mobility initiatives through partnerships, which could help lower operating costs over the longer term.Grab is one of the few companies that provides broad exposure to Southeast Asia's digital economy through a single stock. Its combination of mobility, food delivery, fintech and enterprise services gives it several avenues for long-term growth.

I see $SGX(S68.SG) as one of Singapore's highest-quality blue-chip companies because of its resilient business model, consistent dividend record, and ability to benefit from growing capital market activity.SGX recently reported a 72% year-on-year increase in securities trading value for June, capping a very strong FY2026. Higher trading activity directly supports transaction and clearing income.

SGX continues to expand beyond traditional exchange services, such as

introducing Singapore Depository Receipts (SDRs) for companies such as Grab, Sea and SpaceX, allowing investors to trade them in SGD during local market hours.Supporting Singapore's efforts to deepen its capital markets and attract more listings and investors.SGX has a long track record of paying dividends and generates strong cash flow with relatively low capital expenditure requirements, making it appealing for income-focused investors.Unlike high-growth technology stocks, SGX is more of a steady compounder. Returns are likely to come from a combination of dividend income and gradual earnings growth rather than rapid share price appreciation.

Microsoft is expected to report its next quarterly results next week. The market will be watching closely for Azure cloud revenue growth, AI-related revenue and Copilot adoption,capital expenditure (AI infrastructure spending) and management's outlook for the coming quarters

$Microsoft(MSFT.US)With the stock trading near record highs, expectations are elevated, so even strong results will need to meet or exceed market forecasts.The main risk isn't the quality of the business but is the high expectations already reflected in the share price. With the stock near record levels, quarterly earnings and management guidance are likely to have a significant impact on short-term price movements.

For long-term investors, the core thesis remains intact: if Microsoft continues to grow Azure, expand AI adoption, and convert its AI investments into sustainable earnings growth, it remains well positioned for the years ahead.

The CFA ETF announced a quarterly cash distribution of S$0.011001 per unit.

Based on the current unit price, the forward dividend yield is around 5.5%, continuing its track record of quarterly distributions.The ETF continues to benefit from improving sentiment toward Asian REITs as investors anticipate lower interest rates over time. Its exposure spans multiple sectors, including:Industrial REITs,Retail REITs,Office REITs,Data centre REITs and Diversified REITs

This diversification helps reduce reliance on any single property segment.Recent fund data shows around 6–7% total return over the past year (including reinvested distributions).The ETF has recovered from the weakness seen during the higher interest rate environment, although year-to-date performance has been relatively flat.If your objective is steady income with moderate long-term capital appreciation, I think CFA deserves consideration as a core income holding within a diversified portfolio. It is less suitable for investors seeking high-growth returns, but it can complement growth-oriented holdings such as technology stocks or broad-market ETFs.

Recent SGX filings show that Executive Chairman Tan Yeow Khoon and CEO Tan Min Loon disclosed increases in their interests in the company during June 2026. While insider buying does not guarantee future performance, it is often viewed as a sign of management's confidence in the business.Soon Hock is transitioning from a traditional operator into a more established industrial property developer, with a visible pipeline that could support earnings over the next few years. For investors comfortable with small-cap Singapore property stocks, it offers exposure to the industrial real estate sector with potential upside from project completions.

However, because its earnings are closely tied to the timing of development milestones, investors should expect more variability in financial results compared with larger, diversified developers or REITs. A key catalyst to watch will be the company's next earnings update and progress on its ongoing development projects.

If I were building a long-term Singapore portfolio, SGX would be one of my core holdings alongside companies like DBS and UOB.

I do not expect SGX to deliver explosive growth like an AI or technology company. Instead, I view it as a steady compounder, a business that can grow earnings and dividends consistently over many years.The key catalysts I would watch are the continued strength in securities and derivatives trading volumes and the progress of the EQDP and other Singapore capital market reforms.For investors with a 5–10 year horizon, SGX remains one of the most attractive Singapore blue-chip stocks for balancing capital preservation, dividend income, and moderate long-term growth. Given its strong run, however, I would be more inclined to accumulate on market pullbacks rather than chase the stock after sharp rallies.

Ahead of JD.com's upcoming Q2 2026 earnings, analysts expect a turning point in profitability, driven by improving operating efficiency.

Revenue growth to recover further in the second half of 2026 as consumption gradually improves. Research previews suggest JD's core retail operations have remained resilient despite softer demand for electronics and intense competition in China's e-commerce sector.Although JD has continued improving operational efficiency, China's retail environment remains mixed due to competition from Alibaba, PDD Holdings, and other platforms remains intense.Investors will be looking for stronger order growth and higher customer spending in the coming quarters.

Market attention is turning to Grab's upcoming quarterly results after the company achieved its first full year of profitability.Latest market data indicates that short interest in Grab shares rose by about 4.8% toward the end of June, even as the stock price appreciated. This suggests some investors remain cautious about Grab's valuation and future growth, while others continue to buy into the company's improving fundamentals.Grab continues to expand its autonomous mobility initiatives in Singapore through partnerships with companies such as WeRide, supporting its longer-term strategy to improve operating efficiency and reduce transportation costs.The key catalyst over the next few months will be its next earnings report, where investors will be looking for evidence that profitability, revenue growth, and cash generation continue to improve.

DBS recently made history by becoming the first Singapore-listed company to surpass S$200 billion in market capitalisation. The stock has gained around 26% year-to-date, supported by record income,resilient earnings,strong wealth management fees, and investor confidence ahead of its upcoming earnings announcement.RHB recently reaffirmed DBS as a "core holding" despite its premium valuation and raised its target price to S$75.70. Analysts expect 2Q FY2026 earnings to remain resilient, supported by continued fee income growth and solid operating performance.For long-term investors, DBS remains one of the strongest core holdings on the SGX. While the pace of share price appreciation may moderate after its strong rally, its combination of solid profitability, attractive dividends, growing wealth management business, and disciplined capital management continues to make it an attractive long-term investment. The upcoming earnings release on 6 August will be an important event to watch for confirmation that these growth drivers remain intact.

CapitaLand Investment(CLI) recently held a Hong Kong Non-Deal Roadshow (9–10 July) to engage institutional investors and update them on its business strategy and growth plans. Such investor engagement typically aims to strengthen market understanding of the company's long-term strategy.Earlier this year, CLI secured a mandate to manage Income Insurance's direct real estate portfolio, which includes retail, commercial and industrial assets in Singapore. This supports CLI's strategy of expanding its fee-income business, which is generally viewed as more stable than earnings from property development.I continue to view CLI positively over the long term because its business has shifted from being primarily a property developer to a global real asset manager. That means an increasing proportion of its earnings comes from recurring management fees, which tend to be more resilient and less cyclical.

SGX reported that May 2026 was another outstanding month in which the securities daily average value (SDAV) reached S$2.4 billion, the highest level since October 2007.Total securities turnover rose 70% year-on-year to S$45.8 billion.Strong trading activity directly benefits SGX through higher transaction, clearing, and market data revenue.SGX is on track for close to 30 new listings in 2026, a significant improvement over recent years.

Several companies, including Foundation Healthcare, EGP Energy, and All-Link Air & Sea, have recently filed listing documents.Also ,SGX has announced a market improvements that the board lot sizes will be reduced in October 2026, allowing investors to trade in smaller quantities and improving market accessibility.For long-term investors seeking a stable core holding with moderate growth and income, SGX continues to stand out as an attractive option, though I would be mindful of valuation after its recent strong share price performance.

JD.com reported better-than-expected first-quarter 2026 results, with revenue and profitability exceeding market expectations. Its JD Retail operating margin improved to 5.6%, reflecting stronger operating efficiency. Following the earnings release, JD's Hong Kong-listed shares rose more than 7%.Several investment banks have noted that JD.com's self-operated retail model and nationwide logistics network continue to differentiate it from competitors. However, competition in China's e-commerce market remains intense, especially with Alibaba, PDD Holdings (Pinduoduo/Temu), and emerging instant retail platforms.Compared with some peers, it has demonstrated better discipline in improving profitability while maintaining growth. If China's consumer spending continues to recover and JD can sustain its margin improvements, there is potential for further upside over the long term.

Microsoft announced a restructuring that includes approximately 4,800 job cuts (about 2.1% of its global workforce), with the majority affecting the Xbox gaming division. Management said the move is intended to streamline operations and improve efficiency while the company continues investing heavily in AI infrastructure. In addition, Microsoft recently launched Microsoft Frontier Company, backed by US$2.5 billion, to help enterprise customers adopt AI solutions across different models and platforms. This expands Microsoft's AI consulting and implementation capabilities beyond simply providing cloud infrastructure.Also,Microsoft continues to roll out AI-related enhancements across its products, including Windows, Outlook, and Microsoft 365, while also introducing new Azure infrastructure announced at Microsoft Build 2026.

Amova-StraitsTrading Asia ex Japan REIT Index ETF (SGX: CFA) is one of the better REIT ETFs for investors who want broad exposure to Asia-Pacific REITs without having to pick individual REITs.The ETF currently offers a trailing dividend yield of around 6.3%.It distributes quarterly, making it attractive for investors seeking regular passive income.Personally, I would view CFA as an income generator rather than a growth engine. It fits well as part of a diversified portfolio alongside global equity ETFs or high-quality growth stocks.

One thing to keep in mind is that REITs have only recently started to recover after the higher interest rate environment. If global interest rates gradually decline over the next few years, many REITs could benefit from lower financing costs and improved valuations. However, I would still expect most of the long-term return to come from its 6%+ dividend yield, with capital appreciation being a secondary source of returns.

Grab reported its first full year of net profit in 2025, marking a significant turning point after years of investing for growth.

In Q1 2026, revenue grew 24% year over year to US$955 million, while adjusted EBITDA increased 46% to US$154 million, showing improving operating leverage. Also, Grab continues to generate positive free cash flow and has substantial cash reserves, giving it flexibility for acquisitions, share buybacks, and future investments. The company also announced a US$500 million share repurchase program.If management continues to execute well, Grab has the potential to compound earnings meaningfully over the long term. However, investors should also expect periods of volatility, as sentiment toward growth stocks can shift quickly with changes in interest rates, competition, or regulatory developments.

SGX is Singapore's only integrated securities and derivatives exchange, making its business difficult to replicate.

It earns recurring revenue from trading, clearing, market data, listings, and custody services.In recent years, SGX has reduced its reliance on cash equity trading by expanding its FX, commodities, and derivatives businesses.Its latest results showed continued growth in these higher-margin segments, helping offset lower treasury income.SGX has a long history of paying dividends.Management has also guided for gradual quarterly dividend increases through FY2028, making it attractive for income-focused investors.

My view on Microsoft is that it remains one of the highest-quality companies in the market. Unlike many AI companies, Microsoft is embedding AI into products customers already use and pay for, including Microsoft 365, GitHub, Azure, and Dynamics. This gives it multiple ways to generate recurring revenue.Microsoft generates substantial cash flow, has a diversified business, and maintains a strong balance sheet. These qualities have historically made it more resilient during market downturns than many technology peers.If management continues to execute well, Microsoft is well positioned to remain a long-term leader in enterprise software, cloud computing, and AI.

The company delivered a very strong FY2025, with revenue increasing to S$227.9 million and net profit rising to S$37.9 million, mainly due to revenue recognition from its industrial development project, Stellar@Tampines. It also proposed its maiden dividend of 3.05 cents per share.

However, developers often experience lumpy earnings. FY2025 benefited from project milestone recognition, so investors should not assume this level of earnings will repeat every year. Future performance depends on the timing of project completions and new launches.

The Amova-Straits Trading Asia ex-Japan REIT ETF (CFA.SG) is trading at SGD 0.796, sitting in the middle of its well-defined trading range.The March selloff (from 0.83 to 0.77) was the sharpest move in the past year, likely driven by rate-cut expectations being repriced. Since then, the ETF has recovered to ~0.80. At ~5–6% yield, CFA is an income play. The question isn't just "is 0.79 cheap?" but "is there a better use for this capital right now?" whether that is another sector, cash, or waiting for a deeper pullback to 0.77.

JD is trading at a relatively low forward earnings multiple compared with many large China internet peers. Q1 2026 revenue grew about 5% year-on-year and exceeded analyst expectations.Core retail profitability improved despite intense competition in China’s e-commerce market.JD’s self-owned logistics network remains one of its strongest competitive advantages and is difficult for competitors to replicate. Many long-term investors continue to view this as a key asset.

In short, I see JD as more of a value and recovery play than a high-growth story. The key catalyst to watch over the next few quarters is whether management can continue improving margins while maintaining revenue growth.