CapLand IntCom T

SREITS are proving hard to hold. Whilst DPU has been consistently rising, capital depreciation on my holdings is sad to see. I’ve been waiting years for the unit price to bounce back, but have yet to see it

Micron’s muted response to record profits suggests immediate AI memory gains are fully discounted, pivoting market scrutiny toward operational delivery.

This suggested that expectations are already priced in or guidance can hardly make any significant movements.

📌 Micron’s flat print outcome looked more like a pause than a reversal. Despite mixed near term reactions, shares still closed around USD1097 second day after delivered. Suggesting investors remain constructive on AI memory demand but are balancing that optimism against valuation and cycle risks after the recent strong rally.

🏆High-Yield Opportunity Amid Market Volatility?🙄

The CFA Amova-StraitsTrading Asia ex Japan REIT ETF currently trades at S$0.751. It is touching its 52-week low and sitting right at the lower Bollinger Band.

This is also a CPF approved fund. Based on high level time frame, weekly charts, it is approaching liberation day low.

Personally, I find CFA ETF gives me the diversification and what I need. Because it holds a basket of leading REITs so you do not need to pick individual stocks and monitor corporate actions.

With a 4.97% TTM dividend yield and top-tier holdings such as Link REIT, CICT and CapitaLand Ascendas REIT, the current price levels look attractive for long-term income investors.

🔷Key Points

• Entry Level

Near its 52-week low of S$0.748

• Income

Stable yield close to 5.0 percent

• CPF Eligible

Approved fund for CPF investments

⏰What to Watch

Interest rate changes and market concentration risks

🔷Not investment and financial advice . Do your due diligence.

I buy and leave it there for passive income using SRS 🤭

What is your Q4 strategy for Asian REITs?

$Amova-StraitsTrdg Asia REIT(CFA.SG)

FCT has an added dimension feeding off the negative sentiments towards what the opening of the RTS to JB meant to it's north and northeast assets and how this impacts the trust. Weak hands have fled and jeered on the sidelines; now only holders with strong conviction stayed on the boat, or passengers who bought in just because of cheap tickets frolick on the ships' deck.

$Frasers Cpt Tr(J69U.SG)$CapLand IntCom T(C38U.SG)

💡 S-REITs: Is This the End or Just Another Rate Cycle?

Blue-chip REITs, especially neighbourhood mall ones, have been under pressure even before the latest Fed hike. Is this the end of the story?

FCT and CICT show exactly how sentiment, interest rates and valuation can pull in different directions.

Both have seen unit prices weaken over recent months, with RSI below 40.

It clearly shows the technical weakness. But their underlying businesses have not simply deteriorated.

🟢 FCT - Fundamentals Still Solid

• Occupancy stays very high at 99.8%

• Rental reversions positive at 6.5%

• 1H FY26 DPU growth of 1.4%

• Price around S$2.10, below latest NAV of S$2.19

• Indicative annualised yield around 5.8%

🟢 CICT - Stronger Growth

• Revenue up 7.5%, NPI up 8.7%, DPU up 7.1%

• Gearing lower at 37.4%

• Price around S$2.24, slightly above NAV of S$2.15

• Indicative annualised yield around 5.4%

📊 The Real Challenge -Macro Environment

The Fed raised rates to 3.75%–4.00% and Singapore’s 10-year government bond yield remains around 2.4%. Higher bond yields can keep pressure on REIT valuations.

So is this the end of REITs or simply another valuation and rate cycle?

Refer to the infographic for the full valuation, fundamentals and technical picture of FCT and CICT

Iggy's Journal: Flat on Top, Restless Underneath

16 September 2026, Afternoon

Market Update

STI sat at 5,636.1 as of 2.52pm SGT, down just 2.52 points on the day. Practically flat on the index. Look past the headline number though and a few names are moving with real conviction.

What I'm Doing About It

Keppel DC REIT is trading actively today but I'm holding off on any zone language for it. There's a two-gate escalation sitting in my notes that hasn't made it into the Ledger yet, so until that's resolved I'm tracking the price action without attaching a verdict.

The Numbers

CapitaLand Integrated Commercial Trust led the active board by volume, unchanged at S$2.270. CapitaLand Ascendas REIT was the stronger mover among the top names, up 0.86% to S$2.340. Keppel DC REIT slipped 0.47% to S$2.110 on heavy turnover, no verdict attached for the reason above.

Elsewhere on the board, Singtel eased 1.12% to S$4.400 and SIA fell 1.51% to S$6.510, both softer against a broadly flat index. Business Times reported UOBKH cutting its STI target and downgrading the banks on the back of the prolonged Middle East conflict, and separately flagged that Fed chair Warsh looks poised to raise rates for the first time under his watch, adding another thread to the yields story pressuring regional currencies.

My Personal Take

Honestly, a session like this is easy to scroll past. Index barely moved, so it looks like a nothing day. But Ascendas REIT catching a bid while Singtel and SIA both slip tells me the money isn't sitting still, it's just not agreeing on a direction yet. Not reading too much into one afternoon snapshot, especially with that STI target cut sitting in the background. Let the numbers speak, I'll pick this up properly at the close.

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

Cheers, Iggy 🦖