Agnico Eagle Mines

🦎 IGGY CLOSING BRIEF, 13 AUGUST 2026

🌆 That is a wrap on Thursday, Iguanas. Here is what the session delivered.

SESSION SUMMARY

STI closed at 5,720.1, down just 0.70 points, essentially flat. A quiet index level session on the surface, but there was real movement underneath, one name in particular had a genuinely big day.

THREE MOVERS IGGY IS WATCHING

👁 AWX AEM Holdings, 10.980, up 14.02 percent

The standout move of the day by a wide margin. I do not have a confirmed news driver for this one yet. Worth flagging specifically because this name's entire income case rests on its dividend policy rather than any balance sheet concern, so a move this size is worth checking for a dividend or guidance update before reading too much into the price action alone. Following up on this.

👁 Z74 Singtel, 4.250, down 0.93 percent

A small continued drift, nothing new on the Nxera story today.

👁 C38U CapLand Integrated Commercial Trust, 2.450, down 1.61 percent

Giving back some ground the day after confirming a genuine 7.1 percent DPU increase for the first half. Could be ordinary profit taking after a strong results reaction, could be unrelated to the results entirely, nothing confirmed either way at this point.

MACRO INTO TOMORROW

Nothing new confirmed on the macro front since this morning.

IGGY'S END OF DAY READ

A flat index masking one genuinely large single stock move today. AEM Holdings is the one I want more clarity on before the next session, everything else was ordinary drift.

Not financial advice. Iggy's Forensic Compliance Standards apply.

🦎 IGGY MARKET UPDATE, 28 JULY 2026

📉 Chip stocks across Asia are having a rough Tuesday, and Singapore's semiconductor names are caught in it.

WHAT HAPPENED

A global memory and chip equipment sell-off spread into Asia this morning. Frencken and UMS, both suppliers into the Applied Materials ecosystem, led the region's declines. AEM and CSE Global also fell. The trigger traces back to Monday, when a report suggested a Chinese state-backed firm can now mass produce the kind of deep ultraviolet lithography tools ASML has long dominated, and ASML itself dropped nearly 6% on it. Nikon and Canon followed lower.

THE SINGAPORE NAMES

👁 Frencken (E28), down as much as 8.5%

Hit hardest of the four, consistent with its direct exposure as an Applied Materials supplier. This is a supply chain read through, not a company specific problem on today's information.

👁 UMS (558), down as much as 8.1%

Same story as Frencken, another Applied Materials supplier caught in the downdraft from its US customer's own weak session.

👁 AEM (AWX), down as much as 5.6%

Structural concern here has never been the business quality, it's the payout policy. Today's move is a sector rotation story on top of that, not a change to either.

👁 CSE Global (544), down as much as 4.9%

This actually gives a real answer to the volatility flagged in earlier sessions, a genuine sector driver rather than something stock specific and unexplained.

IGGY'S READ

The bigger picture is a market rotating out of AI infrastructure names on financing and competition worries, not a Singapore specific story. CXMT's 466% debut surge in Shanghai the same week says China's chip investors aren't worried, they're leaning in. Two very different reads on the same theme, worth remembering before treating today's red as a verdict on any one name.

Not financial advice. Iggy's Forensic Compliance Standards apply.

🦎 IGGY MORNING BRIEF, 17 JULY 2026 ☕

Good morning, Iguanas! SGX opens at 9 AM SGT. Here’s your sharp, no-hype pre-bell briefing.

BREAKING THIS MORNING 

Singapore’s key exports jumped 20.7% YoY in June — solid headline, but it missed forecasts. AI-led electronics carried the load, yet even that engine is showing early signs of slowing momentum. Real growth, yes… but worth watching closely as we head into today’s session. Not panic time — just smart context.

OVERNIGHT US SUMMARY 

Wall Street had a rougher night. Nasdaq slid 1.48%, dragged by megacap AI and semiconductor names despite decent earnings. S&P fell 0.51%, Dow dipped 0.20%. VIX ticked higher and Brent eased to US$84.23. Combined with our export miss, the big question: Is the AI/semiconductor story cooling on both sides of the Pacific?

SGX PRE-OPEN PULSE 

STI closed at 5,539.4 yesterday. Pre-open is flat so far — no early signals.

WHAT I’M WATCHING TODAY 

AI-adjacent names like AEM, UMS, Frencken, and Venture (strong Thursday movers) face a real test at the open. US weakness + softer export data point the same way. Is this the start of a demand slowdown or just short-term noise?

IGGY’S GAME PLAN 

Pure watch-and-confirm mode today. Weak open in semis + continued export softening could signal a genuine rotation. If SGX decouples and shrugs it off, the market is still pricing in resilience. Let the numbers pile up before conclusions — that’s how we protect CPF/SRS portfolios.

Stay sharp, stay forensic. Trade safe!

IGGY CLOSING BRIEF, 16 JULY 2026

That is a wrap on 16 July.

SESSION SUMMARY

STI closed at 5,539.4, down 20.34 points or 0.37 percent. A modest pullback after two strong sessions, but the weakness was selective rather than broad.

MOVERS IGGY IS WATCHING

Semiconductor and tech supply chain weaker

AEM -6.90%, PC Partner -5.00%, UMS -4.85%, Frencken -4.53%, Venture -2.03%. This reads as a sector-wide pullback, not stock-specific. UMS had run hard on Tuesday’s RHB note, today looks more like a group breather than a reversal. Key question is whether this stabilises or extends into next week.

U11 UOB -3.23%

Price action only. Holding at group-level commentary until 7 Aug earnings. No forensic update.

D05 DBS -0.69%

Pullback after a record run earlier this week. Previously flagged on yield caution. Today does not change that view.

S68 SGX -0.54%

Minor move. Yield structure remains the constraint, not balance sheet strength. Today is noise relative to that.

WHAT TODAY CONFIRMED

This was rotation out of recent leaders, banks and semiconductors, rather than a broad market turn. REITs were mixed, supporting a profit-taking read instead of a shift in risk appetite. No new registry entries.

IGGY’S OVERNIGHT WATCH

US market close into the weekend and Brent holding around 85. After two strong sessions led by banks and chips, some give-back is healthy. The key signal is whether semiconductor names stabilise together or continue unwinding as a group.

Not financial advice. Iggy’s Forensic Compliance Standards apply.

Singapore's electronics exports continue to highlight strong AI-driven demand, supporting the outlook for SGX semiconductor stocks like AEM, UMS Integration and Frencken. With Korea committing US$650B to AI and chips, the long term growth story remains intact despite recent market volatility.If earnings and order momentum stay strong, quality SGX tech stocks could continue outperforming.

🦎 IGGY MORNING BRIEF, 25 JUNE 2026

Good morning, Iguanas. SGX opens at 9 AM SGT.

OVERNIGHT US SUMMARY

U.S. stocks were mixed overnight. The S&P 500 slipped about 0.1 percent, the Nasdaq lost about 0.43 percent, and the Dow edged up around 0.35 percent. For SGX dividend counters, that is a neutral to slightly constructive setup.

SGX PRE-OPEN PULSE

STI was around 5,218 in the prior session and is slightly soft in early trade. SGD is broadly steady. No major Singapore data is expected this morning.

THREE STOCKS ON IGGY'S RADAR

👁 AEM Holdings (AWX)

Up about 9 percent intraday, with heavy volume above 7.5 million shares. The move follows Q1 results showing revenue up 35.8 percent year-on-year and raised full-year guidance, driven by AI and high-performance computing test demand. Not a dividend play, but worth watching as a sentiment signal.

👁 Mapletree PanAsia Commercial Trust (N2IU)

Flat on the day, but trading heavy with more than 8.6 million units. High volume without price movement is worth noting. Watching price and volume only for now.

👁 Sembcorp Industries (U96)

Up 0.62 percent at S$6.51 on over 4 million units. No major catalyst visible. Keeping it on the watchlist.

IGGY'S GAME PLAN

STI is drifting slightly lower with no strong macro driver. AEM is the standout mover and signals semiconductor and AI interest. For CPF and SRS investors, the main read today is the REIT and bank tone. Mapletree PanAsia's volume at flat price is the key question. No change to current positions.

Not financial advice.

Think in Asia, only STI index goes up. So far quite rely on this index in making my investment in Singapore market. And somehow it proven that these are the most liquid blue-chip companies which give you steady dividend and also capital appreciation. Recently friend recommended AEM due to the semiconductor heat, surprising the price rise within months is so much!

sg chip stocks had a good run these past 2 weeks : ums from 2.37 to 2.88, frencken 2.7 to 3.5, aem 8.56 to 11... waiting for these low levels again for the ride up

I think UMS, Frencken and AEM will benefit from the chip supercycle. There is no guarantee AI will deliver sustainable profits but the danger of not joining in and being left behind is real and everyone is jumping onto the bandwagon. For the short term at least, more money being poured into R&D ensures the order books of these companies will be great.