JPMorgan Equity Premium Inc ETF

Iggy's Journal: SIA's Profit Fell 43.9% on Record Revenue While SATS's Rose 2.8%. Wall Street Rose on an AI Rebound

Thu 12 Nov 2026 | Morning

The Numbers

The STI closed on Wednesday 11 November at 5,289.66, up 31.07 points or 0.59%. KuCoin, citing Longbridge, attributed the gain to major bank shares and Singapore technology counters after third-quarter updates. The US session came after SGX had closed. The Dow rose 254.60 points or 0.49% to 52,486.49, the S&P 500 rose 98.45 or 1.31% to 7,619.38 and the Nasdaq rose 1.60% to 25,466.19. The Washington Post, citing the Associated Press, tied the rally to a rebound in AI shares led by CoreWeave after stronger quarterly results than analysts expected; US Treasury markets were closed for Veterans Day. Brent for January delivery rose 1.39% to US$92.76, per Dow Jones Market Data. Singapore Airlines reported first-half net profit down 43.9% to S$134 million from S$239 million, on record revenue of S$11.3 billion, up 16.8%, with an interim dividend of 2 cents and a special dividend of 5 cents. SATS reported second-quarter net profit up 2.8% to S$81.1 million on revenue up 9% to S$1.71 billion. $SIA(C6L.SG) 

My Personal Take

Two aviation names reported on the same day and the profit lines point in opposite directions, while revenue rose at both. SIA's release ties its fall to a 33.9% rise in net fuel cost, so my question is which line sits between revenue and profit at each company. I am not putting a verdict on either share in this entry.

Cheers,

Iggy 🦖

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

$VG S&P 500(VOO.US)

VOO is catching a lift as the AI trade roars back, driving the S&P 500 higher. After the recent volatility, the rebound is a reminder that sentiment around AI remains a major market driver. I am looking to add to my position, using the recovery as a chance to build my VOO holdings gradually rather than trying to time every market swing.

Reits are falling back as hot CPI prints signals for another rate hike in December. Genuinely indifferent to these fluctuations for Reits already, as they are mainly for dividend passive income and long term returns.

Singapore stocks are rising again, albeit at a slower but steady rate relative to US stocks. This is great for longer term horizon as it indicates that any pullback will not be as sharp as we have seen for US semiconductor stocks.

Hot CPI data renewed calls for FED interest hikes, though this should not come as a surprise as many have already anticipated it. Economies are still growing, but supply side shocks are the main cause of rising prices and headline inflation.

$NVIDIA(NVDA.US)

Context: Amid a concentrated selloff in AI stocks, Nvidia's valuation has fallen to levels not seen in years. The company's 12-month forward P/E ratio is currently about 11.7x, marking its lowest level since October 2011 and falling below 12 times for the first time since 2012. In comparison, the S&P 500 Index's forward P/E ratio remains near 18 times. However, a declining valuation does not necessarily mean the stock is cheap. Even as the stock price falls, Wall Street still maintains high expectations for the company's future earnings; if AI capital expenditures, data center construction, or profit margins fall short of forecasts, the currently seemingly cheap valuation could rise rapidly.The controversy surrounding Jensen Huang has added key-person risk to Nvidia, a factor that was historically rarely priced in by the market. Huang is not only the company's co-founder, but also the core decision-maker behind its product roadmap, customer relationships, industry investments, and AI strategy. Nvidia has long maintained a flat management structure, and the market has yet to see a clear successor capable of immediately stepping in. If the investigation ultimately does not affect his position or ability to perform his duties, the recent selloff is likely more of a short-term sentiment shock. Nvidia's advantages in its CUDA ecosystem, GPU performance, networking products, and customer base will not immediately vanish due to management controversy.

My Trade: I am patiently waiting for the $159 level before buying, although there is currently strong support levels at mid $160s

Takeaway: Nvidia's announced cumulative share repurchase authorizations total approximately $230 billion, providing the company with a capital buffer during periods of stock price weakness.

The political shift introduces real execution risk for hyperscale buildouts, but treating regulatory friction as a permanent structural break misprices the asset class. Power grid constraints and permitting pauses temporarily delay deployment schedules, creating a tactical entry opportunity in core semiconductor enablers with robust, high-conviction order backlogs.

Well what else to say

The market seems to be recovering well after yesterday’s CPI printout. Albeit its premarket but if it leads to a massive rally, this might be the telling FTD.

Odds of interest rate hike by Feds in Dec going higher due to hot inflation data. Reits gonna suffer first hand due to selling pressure cos of higher borrowing cost. stocks prices may be affected as well as monies will go to safer places. dca or buy the dip then.