Victor y

$UMS(558.SG)UMS remains on my radar as a beneficiary of the long term AI and semiconductor investment cycle. While the sector has seen some volatility recently due to rising Treasury yields, demand for advanced chips and semiconductor equipment continues to be supported by AI infrastructure spending.

UMS has strong exposure to the semiconductor equipment industry, and any recovery in semiconductor sentiment could be a positive catalyst.

Market sentiment can change quickly, but quality companies with exposure to long term growth trends are worth following during pullbacks.Upcoming semiconductor demand trends, AI-related capex spending, and whether UMS can maintain its earnings momentum in the quarters ahead.

Market volatility is being driven largely by higher interest rates and rising bond yields. Singapore equities have eased from recent highs as investors remain focused on the interest rate outlook. Despite this the broader economy continues to show resilience, supported by steady exports, technology investment, digitalisation and ongoing growth. Banks and high quality dividend stocks also continue to offer relative stability.

Companies with strong cash flows, solid profitability, healthy balance sheets and reasonable valuations are therefore becoming increasingly attractive.

$SoFi Tech(SOFI.US)SOFI remains one of the more interesting fintech growth stories after delivering strong Q2 results, record revenue and raising its 2026 outlook.

Despite the post-earnings pullback, member growth and profitability trends remain strong, while recent analyst upgrades suggest confidence in the company’s long-term potential

Recent consolidation looks more like a pause than a trend reversal. I’m positioning for a potential rebound as investors refocus on SOFI’s growth, expanding product ecosystem and improving earnings profile

SOFI can reclaim the $19–20 range in the near term. Rising Treasury yields and market volatility remain risks, but strong fundamentals and improving sentiment could support a move higher

AI and semiconductor demand continue to drive the market, with strong growth in memory, semiconductors and AI infrastructure. The market continues to favour companies with strong earnings, pricing power and clear exposure to AI driven growth.Geo higher oil prices and global growth concerns are adding some uncertainty. While Singapore’s resilient economy and strong trade performance remain supportive, a disciplined approach and focus on quality companies with strong fundamentals and sustainable growth remain important

Singapore’s strong export performance highlights the continued strength of the electronics, semiconductor and precision engineering sectors, providing a supportive backdrop for the local market. With the STI trading near record highs, a selective approach focused on quality companies and opportunities on market pullbacks may offer a more attractive risk reward profile than chasing rallies.

Demand for AI continues to grow but markets are increasingly looking beyond spending alone. Investors want to see clear signs that AI investments are translating into sustainable revenue, profitability and cash flow. This makes capital efficiency increasingly important alongside growth.

$NU Holdings(NU.US)NU remains one of the strongest growth stories in the fintech sector, though investors should continue monitoring loan growth, credit quality, and profitability in Mexico over the coming quarters.

NU Holdings surged after delivering one of the strongest fintech earnings reports this quarter, with record quarterly net income exceeding US$1 billion and revenue growing 39% year-on-year.

Key highlights:

💰 Record net income of US$1.1 billion (+49% YoY)

📈 Revenue of US$5.9 billion beat expectations

👥 Customer base expanded to 139 million

🇲🇽 Strong growth momentum in Mexico

🏦 Brazil banking licence strengthens long-term expansion

📊 ROE remained impressive at 33%

✅ Credit quality improved as delinquency and credit costs declined

The biggest positive was not just the earnings beat, but the combination of strong growth, rising profitability, and improving credit metrics. This helped ease concerns that emerged after Q1 and reinforced confidence in NU’s business mode

$Daiwa Hse Log Tr(DHLU.SG)DHLU remains attractive for income investors, supported by its latest cash distribution of S$0.0182 per unit and an annualized dividend yield of around 8%+. The trust continues to benefit from a portfolio of stable logistics and warehouse assets, backed by strong occupancy levels, recurring rental income and resilient cash flow, providing investors with a defensive source of income despite ongoing interest-rate uncertainty.

Softer U.S. CPI and flat PPI data have also improved sentiment towards REITs and income-focused stocks as expectations for lower interest rates gradually build.

For income investors,DHLU remains one of the more attractive dividend plays on SGX while waiting for potential capital appreciation.

Markets rallied on softer inflation, but earnings reactions were mixed.Market Participants are increasingly looking beyond headline results.

Reddit jumped on its S&P 500 inclusion, while Cisco fell despite record revenue and strong results. In Singapore, CDL and OCBC impressed, while Yangzijiang slipped despite reporting record profit.

Look beyond the headline numbers.Future growth, margins, guidance and valuation are ultimately shape the market’s next move.

$UMS(558.SG)UMS delivered a strong 2QFY26 performance, with net profit surging 90% YoY to S$19.8 million and revenue rising 29% YoY to S$87.1 million.

Growth was driven by continued strength in its semiconductor business, with semiconductor revenue up 28%, while aerospace revenue jumped 59%. The company also declared a 1 cent interim dividend and expects to remain profitable in FY2026.

The results highlight how UMS continues to benefit from the AI and semiconductor investment cycle. A supportive U.S. CPI and PPI backdrop also helps sustain positive sentiment toward semiconductor and technology stocks.

UMS continues to execute well, supported by strong earnings growth, healthy semiconductor demand, capacity expansion in Penang and Vietnam and a supportive AI market environment. While semiconductor cycles can be volatile, the longer term outlook remains constructive

AI infrastructure demand remains strong, and Cisco’s post-earnings pullback shows that strong earnings may not be enough when expectations and valuations are already high. AI trend remains fundamentally bullish, while rising Treasury yields and the need to translate AI spending into sustainable revenue and cash flow make selectivity and risk management increasingly important.Watching AI semiconductor and infrastructure stocks closely, with tonight’s US PPI potentially influencing rate expectations and yields.

$SoFi Tech(SOFI.US)SoFi remains constructive as strong Q2 fundamentals and a supportive macro environment continue to strengthen the long-term outlook. The recent consolidation around $18 appears more like profit taking than a deterioration in fundamentals.

Q2 results were strong:

• Revenue $1.21B, +42.5% YoY

• EPS $0.12 vs $0.11 expected

• Net margin 14.78%

• Strong loan originations and improving profitability

• FY2026 EPS guidance $0.60

The July CPI result of 3.4% headline and 2.5% core was also supportive. While the numbers were in line with expectations rather than a major downside surprise, they reduce the risk of a renewed inflation shock and remain constructive for rate sensitive fintech stocks.

Technically, SOFI is holding around its 200-day moving average near $18, while the 50-day moving average is around $17.45. This keeps the short term structure constructive

AI demand remains strong, but markets are becoming more selective as rising capex, valuations and cash-flow concerns shape the next phase of the AI trade.

SG upgraded GDP outlook keeps the market environment supportive, particularly for banks and companies linked to AI, infrastructure and manufacturing. Stronger AI demand, electronics and precision engineering activity continue to support growth.

Market participants are closely monitoring interest rates, inflation, valuations and upcoming corporate earnings for potential risks.With the STI near record highs, investors may want to stay selective and look for opportunities on pullbacks rather than chase the rally

$Keppel(BN4.SG)Keppel continues to show a constructive trend, holding around the S$11.10 level as investors remain positive on its transformation into an asset-light infrastructure and asset management platform. The company’s growing exposure to AI data centres, power infrastructure and connectivity provides strong long-term growth potential, while its data-centre powerbank has expanded to more than 1GW.

Fundamentally, Keppel continues to benefit from asset monetisation, growing recurring fee income and capital recycling. Its shift towards infrastructure, data centres and asset management could improve earnings visibility while reducing reliance on traditional capital-intensive businesses.

📊 With AI infrastructure demand remaining strong and Keppel continuing to execute on its growth strategy, the medium-term outlook remains positive.Hold at current levels and look for opportunities to accumulate on pullbacks towards S$10.80–11.00. A sustained break above S$11.30–11.50 could signal another leg higher.

Global markets remain bullish, with weaker-than-expected US jobs data boosting rate-cut hopes and pushing the S&P 500 and Nasdaq to record highs.

Singapore's STI extended its winning streak to nine weeks, supported by strong bank earnings and continued DBS momentum

Market participants now turn to upcoming CPI data and tech earnings for the next major catalysts, while inflation and rate expectations remain key risks

$UMS(558.SG)UMS continues to trade with a constructive outlook as the semiconductor equipment sector benefits from rising AI infrastructure investment and improving industry demand.Recent earnings showed resilient profitability, healthy cash generation and a strong balance sheet, allowing UMS to continue rewarding shareholders with attractive dividends. While semiconductor demand remains cyclical, structural drivers such as AI, advanced packaging and data centre expansion continue to support long-term capital expenditure.

UMS is consolidating after its recent rally. As long as the stock holds above key support levels, the overall uptrend remains intact, with investors watching for a breakout on stronger volume.Investors may consider accumulating during periods of weakness while monitoring upcoming semiconductor demand trends and customer order momentum

Singapore equities remained strong as DBS, OCBC and UOB delivered better than expected earnings, pushing the STI to fresh record highs. Solid bank fundamentals and shareholder returns continue to support market sentiment.

US markets were mixed as SpaceX climbed despite its US$100 billion share unlock, supported by strong retail buying. Investors remained focused on earnings, favouring companies with strong guidance while weighing on those with weaker outlook

Global sentiment remains constructive, supported by strong corporate earnings. Markets are now watching the US July Non-Farm Payrolls report and next week's CPI for the next market catalyst.

$Daiwa Hse Log Tr(DHLU.SG)DHLU is quietly strengthening its investment case as a defensive dividend REIT. Falling oil prices, easing inflation expectations and the prospect of lower interest rates are improving sentiment toward Singapore REITs, particularly logistics assets.

DHLU continues to benefit from high occupancy, resilient logistics demand, quality tenants and stable recurring income. With easing rate expectations and long-term e-commerce growth supporting the sector, the REIT remains well-positioned for sustainable distributions and gradual valuation recovery. Investors may consider accumulating on weakness for long-term income

📈 Strong fundamentals, supportive logistics demand and a more favorable interest-rate outlook could drive both sustainable dividends and gradual price appreciation over the medium term