Share your thoughtsWhat's on your mind?
Both CityDev and Capital Land Invest are reasonably good companies but it is not undervalued to a large extent. So DCA slowly if you want to own the stock in long term perspective 5-10 years.
Reddit will join the S&P 500 next week, and its stock jumped after hours on the news, capping a record-setting session for US stocks. In Singapore, $CityDev(C09.SG) surged about 9% after first-half pr...
🦎 IGGY MORNING BRIEF, 14 AUGUST 2026
☕ Good morning, Iguanas. SGX opens at 9 am SGT. Dense session — results, fund-flow shifts, and household relief to cover.
OVERNIGHT US SUMMARY
Wall Street records: Dow +0.13% (53,840), S&P +0.65% (7,799), Nasdaq +0.81% (26,803). Softer wholesale inflation + crude oil -2.1% eased rate fears, lifting tech/semis. VIX flat at 14.55. For SGX, cheaper oil matters more than the records.
SGX PRE-OPEN
USD/SGD 1.2803. Brent $87.11/bbl (-2.1%) — welcome pause after recent gains.
SINGAPORE NEWS
Cost-of-living payout: Govt confirms S$400–S$600 cash for 2.4 million citizens in Sept — ~$1B package. Not portfolio-relevant but household-significant.
NODX upgrade: Enterprise Singapore raises forecast after Q2 NODX +27.4%; electronics +88.1% on AI demand — hard export numbers confirm the growth story.
Sembcorp Industries: Interim dividend raised to 11¢ despite net profit -25% due to $155M one-off Alinta acquisition costs — signals operating confidence. However, MSCI will drop Sembcorp from global benchmarks (effective 31 Aug, along with GoTo & Ayala Land). Index removal = passive selling pressure, irrespective of fundamentals.
First Resources: 1H26 net profit +57.4% to $234.9M USD, declares 8¢ dividend. This was on my watchlist pending yield confirmation — new data now allows proper assessment.
Banks: Diverging Q2 outlooks for local banks; China tax rules flagged as new watch item (detail pending). DBS reshuffles HK, Taiwan, Indonesia market heads — leadership, not numbers.
IGGY’S GAME PLAN
Busy news day, but two priorities:
Sembcorp — dividend hike vs. MSCI removal: fundamentals vs. fund flows over coming weeks.
First Resources — fresh dividend data finally enables yield assessment on a previously flagged name.
No changes to yield discipline on any registered name today.
—
Not financial advice. Iggy’s Forensic Compliance Standards apply.
As all the stocks in SG market seem to be high price. Channel some of my funds to one of the STI index stock, capital land ascended REIT in view of the dividend yield. In view of the Low interest rate market in SG think REIT in SG market will be relative stable and stock in STI index always my favourite.
Two property transactions caught my attention this week, both with UOB (SGX: U11) as the seller.The first: Singapore Land Group (SGX: U06) acquired UOB's stake in Novena Square Development and Novena ...
Below is Dolphin Research's Trans of MNST's FY26 Q1 earnings call.
For the earnings analysis, cf. 'Monster: product cycle tailwinds, Intl markets ignite — a 'sweet' pivot?'If you're curious about Goldman's Report:
They expect "significant EPS upside" among:1. Optical modules and engines2. CW lasers and EMLs3. PCB/CCL manufacturersHere's the massive cheat sheet:Laser / Light Sources (SiPh): Sumitomo, Furukawa (5801), Landmark (3081), YJ Semi, $Lumentum(LITE.US), $Coherent Corp.(COHR.US) $Broadcom(AVGO.US), Etern (Source: Serenity
$Suntec Reit(T82U.SG)
The Office Giant Awakens: Is Suntec REIT Your Next Big Play? 🤔
Suntec REIT (SGX: T82U) stunned the market with its 1Q 2026 results (released April 23, 2026). After a period of high interest rate pressure, the “City Giant” is showing a massive comeback in distribution growth.
🔷 The fundamental
1️⃣ DPU Explosion: Distribution Per Unit (DPU) jumped a staggering 23.9% YoY to 1.936 cents. This was driven by powerhouse performance in Singapore and lower overall financing costs.
2️⃣ Rental Hotspot: Many worry about work from home but Suntec’s Singapore office rents rose +9.5% and retail rents at Suntec City Mall surged by +14.3%. Their occupancy remains rock-solid at 98.8% for offices and 99% for retail.
3️⃣ Financial Health: Gearing is stable at 41.6%. It is much higher than some peers but the interest coverage ratio has improved and the all-in financing cost dropped to 3.56%. It is signaling that the worst of the rate hikes may be over.
🔷 What the Experts Say (April 2026)
Confidence is surging following a strategic 10.8% stake purchase by Hongkong Land.
1️⃣RHB & DBS Research: Both maintain BUY/ACCUMULATE ratings.
2️⃣Target Price: Analysts are eyeing a range of $1.63 to $1.70.
3️⃣Value Play: Trading at approximately 16% discount to its Net Asset Value (NAV) of $2.03, it is currently seen as a “value steal” compared to its peers.
🔷 The Verdict
Buy for Growth & Recovery. Suntec is no longer just a “yield play”. It is a recovery story. With its new sponsor (Tang Organization) conducting a strategic review to unlock value, Suntec is positioned for significant upside as Singapore’s prime commercial market remains tight.
Not financial advice. Always do your own DD and risk management 😁.
Below is Dolphin Research's transcript of MNST FY25 Q4 earnings call. For our earnings analysis, please see 'Monster Beverage: A new product cycle is coming—another big year of evolution?'
