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I decided to invest in $Microsoft(MSFT.US)based on its strong position in cloud computing, software and AI, as well as its established business model and global customer base.

I bought Microsoft shares at US$377.50 on 22 June and have continued to hold the position. Rather than focusing only on short-term price movements, I wanted to give the investment more time to develop based on the company's longer-term growth potential.

For Microsoft, I want to pay more attention to the longer-term factors behind the investment, such as cloud and AI growth, earnings performance and whether the company continues to maintain its competitive position.

My main takeaway is to have a clear investment thesis before buying and give the position enough time to play out, rather than reacting to every short-term movement in the share price.

I bought $UOB(U11.SG)at S$41.70 on 13 August 2026. After buying, I noticed that the share price experienced several fluctuations, which made me concerned that the price might fall again. Although the stock had moved in my favour, I decided to lock in my gains rather than continue holding.

I sold my UOB shares at S$43.11 on 22 September 2026, making a profit of S$1.41 per share。At the time, I felt that taking profit was a reasonable decision. However, I later regretted selling because UOB continued to trade at higher levels afterwards.

My biggest lesson from this trade is that short-term price fluctuations do not necessarily mean that it is the right time to sell.

Looking back, I became too focused on the price movements after my purchase and reacted to the volatility by taking profit early. While I still made a positive return, I missed the opportunity to participate in the subsequent upward movement.

I bought $DBS(D05.SG) at S$57.51 on 7 April 2026. At the time, I was comfortable holding the stock, but I noticed that the share price was fluctuating after my purchase. As the price moved around, I became concerned that the gains might reverse, so I decided to take profit rather than continue holding.

I sold my DBS shares at S$59.00 on 7 May 2026, making a small profit of around S$1.49 per share

Initially, I felt that selling at a profit was a reasonable decision. However, I later regretted the decision because DBS continued to rise after I sold. The share price moved above S$77 as of now, meaning I exited before a further upward move.

The biggest lesson for me was that short-term price fluctuations do not necessarily mean that I should exit a stock when my original investment thesis has not changed.

Looking back, I focused too much on the price movements between my entry and exit points and became too eager to lock in a small profit. Instead of reacting to every fluctuation, I could have considered whether the underlying fundamentals and my original reasons for buying DBS were still intact.

$Amova-StraitsTrdg Asia REIT(CFA.SG)I was looking for a way to gain diversified exposure to Asian REITs while also generating regular dividend income.

My thinking was that holding an ETF would allow me to spread my exposure across multiple REITs rather than relying on the performance of a single company. CFA also distributes income quarterly, which makes it attractive as an income-generating investment.

I decided to buy and hold CFA as a longer-term position, rather than trading it based on short-term price movement.The share price has experienced some fluctuations during my holding period, but I have not treated every price decline as a reason to sell. My objective with CFA is more focused on long-term income, diversification and exposure to the Asian REIT sector.

For an income-focused ETF like CFA, I don't need to react to every short-term price movement. My focus should be on the quality of the underlying assets, distribution sustainability and long-term total return.

This experience also taught me that diversification can make it easier to stay invested during periods of volatility, because I am not relying on the performance of just one REIT or one property market.

$SIA(C6L.SG)announced a total dividend of S$0.29 per share, with the ex-dividend date on 11 August 2026.

Seeing the upcoming dividend and SIA's share price around S$7.60, I thought it was a good opportunity to buy the stock and receive the dividend. My main consideration at the time was the attractive dividend payout.

After the stock went ex-dividend, the share price declined. It closed at S$7.15 on 11 August, compared with my purchase price of S$7.60. By today（23 September）, the share price had fallen to around S$6.66, meaning the decline was much larger than the S$0.29 dividend I received.

Despite the price decline, I decided to continue holding the position. SIA still has a strong balance sheet, with S$10.48 billion in cash reserves, and continues to expand its international network.

The company is also continuing to develop its longer-term strategy through its international network and its investment in Air India. However, Air India's financial performance remains something I would monitor closely, particularly after recent reports that Air India is seeking additional funding.

A high dividend does not necessarily mean a good entry point. Before buying a dividend-paying stock, I should first understand what is driving the company's earnings and what risks could cause the share price to fall.

$UOB(U11.SG)announced a 1H 2026 interim dividend of S$0.88 per share, with the ex-dividend date on 17 August 2026.Seeing the upcoming dividend and UOB's solid business performance, I thought the share price around S$41.70 offered an attractive opportunity to enter. My thinking was that UOB could provide both dividend income and potential long-term capital appreciation.

I decided to buy UOB shares at S$41.70 on 13 August 2026.

The timing was just before the 17 August ex-dividend date, so I was also eligible for the S$0.88 interim dividend, assuming I met the relevant entitlement requirements.

After the ex-dividend date, the share price declined, closing at S$41.33 on 15 Sep, compared with my purchase price of S$41.70.

This trade reinforced an important lesson for me: I shouldn't focus too much on the dividend or try to time my purchase just before the ex-dividend date.

Even though the dividend is attractive, the share price can adjust after the stock goes ex-dividend, so receiving the dividend does not automatically mean I have made a profit.

$Microsoft(MSFT.US)is spending an enormous amount on AI data centres and infrastructure. Its FY2026 capital expenditure and finance leases reached roughly US$175 billion, with around US$116 billion of that being property and equipment spending. The concern of most investor is how quickly will all this AI spending generate enough additional profit and free cash flow?

This became particularly visible on 17 August, when MSFT fell about 3.0% to US$480.35, wiping around US$112 billion from its market value. Investors were reassessing the returns on Microsoft's massive AI infrastructure investments.

Investors are increasingly concerned about the amount of capital being poured into AI infrastructure. The market is beginning to question whether AI revenue will grow quickly enough to justify the industry's enormous capex commitments.

So when sentiment toward AI stocks weakens, Microsoft can be affected even when its own quarterly results remain strong.

On 30 July, Microsoft shares jumped more than 15% in one day after its earnings and Azure outlook, adding almost US$450 billion to its market value—the largest one-day market-cap gain ever recorded by a company.

After such a dramatic rally, investors naturally become more sensitive to any concerns about valuation, margins or AI spending.

In short, market isn't asking "Is Microsoft growing?" anymore. It's asking "Is Microsoft making enough money from AI to justify how much it is spending on AI?"That is the key reason MSFT has been volatile in August 2026.

$Amova-StraitsTrdg Asia REIT(CFA.SG)paid a distribution of S$0.011 per unit on 3 August 2026, following its 1 July ex-dividend date and 2 July record date. SGX subsequently published the tax-treatment breakdown, including a taxable-income component of S$0.008703 per unit.Based on the latest trailing distribution data, CFA's trailing dividend yield is around 6.3%, with distributions paid quarterly.

However, I would not assume the 6%+ yield is guaranteed going forward because CFA's distributions depend on the income generated by its underlying REIT holdings.

The ETF's recent market price was around S$0.796, while its 52-week range was approximately S$0.76–S$0.826.

So CFA is currently trading near the lower end of its 52-week range, which may be interesting for investors focused on income.

In short, I would describe CFA as more attractive for income investors than growth investors,, particularly if you believe Asian REITs will benefit from a more favourable interest-rate environment.But I would not buy CFA solely because the yield looks high. I would also look at interest-rate direction, underlying REIT DPU growth, gearing/refinancing costs and whether the ETF's NAV continues to recover.CFA's main advantage is diversification, while individual REITs can offer more targeted exposure and potentially higher upside.

$Grab(GRAB.US)management increased its full-year 2026 guidance to revenue US$4.10–4.15 billion and adjusted EBITDA: US$720–740 million

This is a positive signal because management is becoming more confident about the underlying business momentum.

Financial Services revenue increased 59% YoY to US$134 million.

The gross loan portfolio reached US$2.3 billion, almost triple the year-ago level, while loans disbursed during the quarter reached US$1.2 billion. Customer deposits across GXS Bank, GXBank and SupeSuperbankched US$2.5 billion.Grab also completed its acquisition of Stash Financial in July, with the business expected to be consolidated starting Q3.

This could become an important second growth engine alongside Mobility and Deliveries.

Grab says its AI/"intelligence layer" is now embedded throughout the platform, with the goal of improving driver and merchant earnings while increasing operational efficiency.

More recently, Grab announced an AI Call-a-Ride pilot aimed at making ride booking easier for seniors, initially supporting English and Chinese.

This is still early-stage, but it shows Grab is trying to use AI not just as a technology feature, but to improve the economics of its platform.

I would view Grab as a much more mature and financially disciplined growth company than it was a few years ago, but valuation and execution still matter.I'm cautiously bullish on GRAB's business fundamentals. The most encouraging development is that growth is now being accompanied by meaningful EBITDA expansion, rather than Grab simply buying market share at the expense of profitability.The next major test is whether Grab can maintain 20%+ GMV/revenue growth while continuing to expand margins. If it can, the current business model becomes considerably more attractive.

$JD-SW(09618.HK)entered China's highly competitive food-delivery market aggressively, which previously put considerable pressure on profitability.

The latest results suggest that losses in the food-delivery business are narrowing, helping JD's overall earnings recover. Analysts are watching whether JD can continue reducing promotional spending while retaining customers and market share.This is an important positive for the stock because investors previously worried that the food-delivery expansion could become a prolonged cash drain.

JD's proposed US$2.5 billion acquisition of German electronics retailer Ceconomy is facing regulatory scrutiny from the European Union.

The EU is investigating whether JD may have benefited from foreign subsidies that could distort competition. China has now instructed domestic entities not to assist or cooperate with the EU investigation, escalating the issue.The deal could give JD a significant European retail presence through MediaMarkt and Saturn, but regulatory uncertainty has become an additional risk.

In short,JD is doing a good job improving profitability, but the 2.9% revenue decline is the main concern.

For a long-term investor, I would not view the August sell-off purely as bad news. If JD can achieve what management expects—a meaningful recovery in electronics sales in 2H while continuing to reduce food-delivery losses—the earnings outlook could improve.

On the other hand, if revenue continues declining despite lower costs, the market may continue to treat the stock as a value trap rather than a growth story.

$CapitaLandInvest(9CI.SG)held its 1H 2026 results briefing on 13 August 2026. The company continues to focus on growing its asset-light, fee-driven fund-management business.The bigger structural story is that CapitaLandInvest’s Funds under Management (FUM) stood at about S$125 billion as of 31 March 2026, up 7% from a year earlier. This is important because increasing FUM can generate more recurring management fees without requiring CLI to own all the underlying assets itself.

One notable development is that CLI established a RMB3.15 billion private REIT in China, described by the company as China's largest private REIT sponsored by an international asset manager.This is potentially important because CLI is trying to recycle capital and scale its China investment-management platform rather than simply relying on traditional property development.However, China also remains one of the higher-risk parts of the business because of the country's property-market weakness and economic uncertainty.

I would describe CLI as a long-term asset-management growth story rather than a conventional property developer.The most interesting part of the story is not simply the property portfolio,it is the transformation toward a larger, asset-light global real-asset manager. Its S$125 billion FUM base and growing listed/private fund platform give it a potentially attractive long-term growth runway.If FUM growth, fee income, fundraising, operating PATMI and capital recycling continue improving, the investment case becomes considerably stronger.

If you are considering Gold & Silver Daily Leverage Certificates (DLCs) on SGX, my main advice is to treat them as short-term trading instruments, not long-term investments because

1. DLCs reset their leverage daily. Because of daily compounding, holding a 5x DLC for several days does not necessarily produce 5 times the underlying's total return. SGX's own product documentation specifically warns that performance over periods longer than one day can differ substantially from the stated daily leverage. So please don't treat "5x" as 5x of the overall return

2. Gold and silver can move very quickly.Silver is generally more volatile than gold because it also has significant industrial demand.

Due to very large intraday price swings, this type of product are not suitable for inexperienced investors

3. If you are bullish on gold, for example, a Gold Long DLC makes sense only if your expectation is that gold will rise over the relevant short-term trading period.If gold moves against you, the leverage works against you just as quickly.For someone who isn't comfortable monitoring prices actively, a normal gold ETF is generally much easier to manage.

My overall view is that Gold/Silver DLCs can be useful tools when you have a strong short-term view and are comfortable with leverage. The attraction is obvious: you can obtain significant exposure without putting up the full amount required for the underlying.

But the biggest mistake would be to think "Gold is a long-term safe-haven asset, therefore a 5x Gold DLC is a good long-term investment.’

Gold itself can be suitable as a portfolio diversifier over the long term; a daily leveraged certificate is designed for short-term tactical exposure

If your objective is long-term exposure to gold/silver - consider an unleveraged ETF.

If your objective is short-term directional trading - DLCs can be considered, but use strict position sizing and an exit plan.

$Soon Hock(SHE.SG)profits are heavily influenced by the completion and recognition of property development projects.

That means a strong year does not necessarily mean earnings will continue at the same level. Once a major project is completed and revenue is recognised, earnings can fall sharply while the company waits for the next project to contribute.This makes company’s profit less predictable than companies with recurring revenue.

This stock is considerably smaller and less liquid than names such as DBS, UOB or SGX.This means a relatively small amount of selling can move the share price significantly.It may be harder to exit a large position quickly.

while the share price can remain weak even without major negative news.

After this buying experience, I have learnt that’ Dividend shouldn't be the main reason to buy stock’ Especially for a property developer company, dividends can fluctuate depending on project cash flows,Development expenditure,Working-capital requirements and Management's capital allocation decisions.So investors shouldn't assume today's dividend level will necessarily continue indefinitely.

Moving forward I would be more cautious when investing in small-cap property developer, because its earnings and share price can be much more volatile than established Singapore blue chips.

$SIA(C6L.SG)isn't cutting back on its long-term growth strategy. It plans to expand its European network, launch Madrid services from October 2026, and start daily services to Western Sydney International Airport from November.SIA also continues to deepen partnerships, including its commercial cooperation with Air China.I will describe SIA in August as "strong core airline, but facing an unusually difficult earnings environment."I would not interpret SIA's recent loss as evidence that its core airline business is fundamentally weak. The underlying demand picture is actually quite encouraging as the record revenue and passenger numbers demonstrate that.

The bigger concern is that fuel costs + Air India losses are currently absorbing the benefits of that strong demand.

For a long-term investor, SIA becomes more interesting if the share price weakness starts to reflect the current earnings pressure without assuming a permanent deterioration in the core business. The two things I would watch most closely are jet-fuel prices and Air India's cash requirements.

$UOB(U11.SG)reported Q2 2026 net profit of about S$1.5 billion, up 10% YoY, beating analysts' expectations of around S$1.4 billion. The main driver was record wealth-management fee income.This is significant because lower interest rates have been putting pressure on banks' lending margins, but UOB has been able to offset some of that pressure through fee-based businesses.

UOB's wealth-management revenue reached a record S$717 million in Q2. The broader Singapore banking sector is benefiting from strong wealth inflows into Singapore, particularly from affluent clients across Asia.This diversification is positive for UOB because it reduces its dependence on net interest income.

One point investors should pay attention to: UOB reduced its fee-income growth forecast, citing delayed deals and weaker card-fee income. Trading income also declined by around 8%, which means not every part of its non-interest business is accelerating.So while the Q2 headline profit was strong, the market may remain cautious about how sustainable the growth is.

The more important question for the next few quarters is whether wealth/fee income and ASEAN growth can consistently compensate for declining interest margins. If they can, UOB's earnings should remain resilient.

$SIA(C6L.SG)reported a S$76 million net loss for the quarter ended 30 June 2026, compared with a S$186 million profit a year earlier. This was the first quarterly loss since the COVID period.The surprising part is that revenue was actually very strong at S$5.71 billion, +19.3% YoY.So the problem was not a lack of demand.Net fuel costs jumped 78.5% to S$2.25 billion, largely because of the surge in jet-fuel prices following the Middle East conflict.

As a result, operating profit plunged 73.8% to S$106 million, despite record revenue.

This is probably the most important issue for investors right now: SIA is generating strong revenue, but higher fuel costs are absorbing a large portion of the additional revenue.SIA's 25.1% stake in Air India remains another concern.

The airline recorded a S$42 million larger share of losses from Air India in the latest quarter. There are also growing concerns that Air India may require additional capital as it goes through its turnaround.

This has become an increasingly important part of the SIA investment story because shareholders are now looking not only at SIA's airline operations, but also at the amount of capital and earnings drag coming from Air India.For a long-term investor, I'd therefore view the current situation as higher risk but potentially interesting if fuel prices normalise. The key question is whether the current fuel-cost shock is temporary or becomes a prolonged drag on earnings.

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.