SMIC

Trading the SMIC SDR (ticker: HSMD) on the SGX has been quite an absolute roller coaster. I started trading HK SDR this year, as I prefer to trade using Singapore dollars rather than Hong Kong dollars. The price swings of HK market have been quite violent. Despite the gut-wrenching volatility, it has locked in my most profitable win of the year. #Trade Showcase

Huawei’s “τ-law” may reflect genuine engineering progress, but timing near export-control reviews suggests strategic signaling as well. SMIC’s sharp rally looks vulnerable to profit-taking unless operational evidence confirms sustainable margin and yield improvements.

Singapore’s softer core CPI strengthens expectations that Monetary Authority of Singapore could adopt a more accommodative stance. That generally supports Singapore REITs through lower financing pressure, while banks may face modest net interest margin compression if rates trend lower.

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Huawei Claims Chipmaking Breakthrough to Narrow Gap With $Taiwan Semiconductor(TSM.US) TSMC

SMIC 1Q26

Source: Sravan Kundojjala

Lots of China IPO is coming, and specifically in area of human robotics and pharmaceutical, as usual the day 1 green will continue to playout as these IPO intentionally underprice!

Warsh will definitely be cutting rates as he believes the AI benefits will push down inflation, even from the negative impact of the Iran war. I will be longing major banks and long duration junk bond!

I believe Trump will achieve a big deal in his visit to China. He needs something to overcome the fallout of the Iran war. Get ready for another bull run!

The market seems very expensive especially with oil at these prices and with the macro economic picture. I rather be safe and wait for better prices.

AI earnings should provide enough impetus for a sustained rally into this week for certain AI names with bullish setups. However these are ending waves and I remain defensive. Stay safe!

I am thinking"sell in May" will be here this year, the war is going nowhere, responses to earning reports are getting more indifferent, dread is increasing