Rainwijaya

$SpaceX(SPCX.US)New position in SpaceX. I’m treating this more as a long-term growth exposure rather than a short term trade.

The main thesis for me is still Starlink. The recurring subscription model, growing global coverage and potential expansion into direct-to-cell give SpaceX something beyond just the launch business. At the same time, launch frequency and reusable rockets continue to strengthen their cost advantage.

Valuation is definitely not cheap and expectations are already high, so I’m not expecting a straight line up from here. I’ll keep the position controlled and see how the market prices the next stage of growth.

For now, starting small at around 141.74 and watching how it develops. @Captain's Treasure

$NVIDIA(NVDA.US)Nice to see NVDA continuing to recover after the recent correction. For me, the bigger picture still looks constructive.

AI infrastructure spending remains very strong, with hyperscalers continuing to commit huge capex to compute. At the same time, Nvidia is moving from Blackwell toward Vera Rubin, so the growth story is not dependent on just one generation of GPUs. Recent market optimism around Rubin demand also supports the idea that AI compute demand is still far from slowing down. (MarketWatch⁠)

Now the focus shifts to earnings on Aug 26. Expectations are already high, so volatility before and after the result is something I’m watching closely. (NVIDIA Investor Relations⁠)

For now I’m comfortable holding. The short-term price can move either way, but as long as AI capex remains strong and Nvidia keeps its technology lead, I still like the medium-to-long term setup.

Holding and letting the thesis play out. 📈 @Captain's Treasure

$UOB 5xLongSG261217(W9AW.SG)UOB still doing its job for me. The position has pulled back from the higher levels, but I’m still comfortable holding because the underlying business continues to deliver.

Latest Q2 results were actually quite encouraging. Net profit grew 10% YoY to S$1.5b despite the lower-rate environment. The interesting part for me is where that growth is coming from. Net interest income is under some pressure as margins compress, but wealth management continues to perform strongly and reached a record half-year level. This diversification matters because UOB doesn’t need to depend entirely on lending margins for earnings growth.

ASEAN exposure is another reason I still like the story. UOB has spent years building its regional franchise, and I think that gives the bank a longer runway beyond Singapore alone. If regional trade, wealth and cross-border flows continue growing, there are several ways for earnings to expand even when interest rates are less favourable. So for me, this is still a hold and let the thesis work situation. The position may move around because 5x leverage exaggerates every pullback, but underneath that volatility I still see a profitable bank, strong wealth momentum, regional growth and healthy capital returns.

Not chasing, not adding blindly either. Just holding and watching whether UOB can build its next leg higher. Sometimes the boring trades are the ones worth being patient with. @Captain's Treasure

$Singtel 5xLongSG280307(XNEW.SG)Singtel giving back some of the recent gains, and my 5x position is back in the red again. Not exactly where I wanted to be, but for now I still see this more as a pullback than a reason to abandon the trade.

The main reason is that the fundamental picture underneath Singtel is actually quite healthy. FY26 underlying net profit grew 12% to S$2.77b, with contributions coming from several different engines — Airtel, AIS, NCS, Digital InfraCo and Optus. Net profit was S$5.61b, although part of that came from exceptional gains, so I prefer looking at the underlying number when judging the business.

What I like about Singtel now is that it is becoming more than just the traditional Singapore telco story. Regional associates are contributing strongly, NCS gives exposure to enterprise digitalisation, while Digital InfraCo gives them another angle through data centres and AI infrastructure. Even in H1, management was already seeing healthy data-centre demand and contributions from its AI cloud business.

Capital return is another part of the thesis. FY26 produced Singtel’s highest annual dividend at 18.5 cents per share, and the company is still executing its S$2b value-realisation share buyback programme. Recent SGX announcements show buybacks continuing through July.

Of course, it’s not completely clean. Optus remains the part I would watch carefully, especially with the regulatory and operational issues in Australia. And because I’m holding the 5x DLC rather than Singtel shares directly, even a relatively normal correction.

So I’m not blindly bullish here. I just don’t think a few weak sessions are enough to invalidate the bigger thesis yet. I’ll watch whether Singtel can stabilise after this fallback and whether buyers return. If the underlying trend recovers while earnings and capital returns remain supportive, I still think there is room for another leg higher.

For now, holding and giving it some time. @Captain's Treasure

$Tencent 5xLongSG270930(PSJW.SG)New week, same Tencent position. This one has really tested my patience over the past few weeks. We went from being quite deep in the red, recovered back into profit, dropped again, and now we’re sitting almost exactly around my entry level again.

For me, that price action actually makes this week quite interesting. Tencent has shown that buyers are still willing to step in after weakness, but at the same time there hasn’t been enough momentum yet to produce a clean breakout. So rather than focusing too much on whether I’m slightly green or red on the position, I’m watching whether the underlying stock can finally establish a stronger direction.

Fundamentally, I still like the Tencent story. Gaming remains a major cash generator, advertising has become increasingly important, and AI/cloud could provide another growth engine over the longer term. The key for me is whether earnings growth can continue supporting the valuation and whether sentiment toward Chinese tech remains constructive.

This is also a 5x DLC, so patience has to come together with risk management. Sideways movement is not necessarily harmless when leverage is involved, and I don’t want to hold simply because I’ve already spent so much time waiting for it.

For this week I’m giving the position some room. If Tencent can regain momentum and buyers start pushing it through the recent range, I think the risk/reward becomes much more interesting. If the underlying thesis or price structure starts breaking down, then I’ll reassess instead of getting emotionally attached to the trade. @Captain's Treasure

$NVIDIA(NVDA.US)NVIDIA finally back in the green for me, and yesterday’s pullback doesn’t really change my view. After several strong sessions, some profit-taking was expected. The stock even reached an intraday high before giving back part of the move, so to me this looks more like the market cooling off rather than the trend suddenly breaking.

What gives me more confidence is that the AI infrastructure story is still getting stronger. Elon Musk recently said SpaceX plans to rely on NVIDIA hardware for its AI compute buildout, while SpaceX is looking at a very large expansion in computing capacity. For me, that is another sign that demand for high-end AI compute is not only coming from the usual cloud companies anymore.

NVIDIA is also moving beyond simply selling GPUs. The company is positioning itself around complete AI factories—compute, networking, CPUs, GPUs and infrastructure that can run AI workloads at massive scale. That makes the long-term thesis more interesting because future growth is not dependent on just one chip cycle.

Of course, valuation and expectations are already very high, so even good news can create volatility. That is probably the biggest risk I’m watching. When everyone expects perfection, one weaker guidance point can easily trigger a correction.

But for now, I still see yesterday as temporary noise rather than a change in fundamentals. My plan is simple: hold, watch the upcoming earnings closely, and see whether AI spending continues to support the next leg higher. If the business keeps executing, I’m happy to give this position more time. 💪📈

Trade Showcase: short-term correction, long-term thesis still intact. The harder part now is not finding the trade—it’s having enough patience to stay with it. @Captain's Treasure