MSCI

MSCI's underlying concern isn't crazy even if Strategy's framing makes it sound like a witch hunt. A company whose balance sheet is mostly a leveraged bet on a single asset genuinely does behave differently from an operating business, and index funds tracking MSCI aren't set up to hold that kind of concentration risk on behalf of passive investors. Whether that justifies exclusion is a separate question from whether the concern itself is legitimate.

not my fight, just watching how loud this gets before MSCI actually rules on it

🦎 ANALYST WATCH | 31 JULY 2026

SGX SINGAPORE EXCHANGE

WHAT THE ANALYST SAYS

DBS Group Research, analyst Rui Wen Lim, views SGX's newly signed MSCI licensing agreement as strategically positive but expects limited near term earnings contribution. The deal covers up to 100 potential new contracts, roughly 40 futures and options in an initial phase, spanning global developed market benchmarks, Asia Pacific single country indices, and emerging Asia sector indices, a significant broadening from SGX's prior MSCI shelf.

The note frames this as a meaningful rebuilding of the MSCI relationship after 2020, when MSCI shifted licensing to Hong Kong and SGX shares fell 11.6% in a day, with management then guiding a 10 to 15% hit to FY21 profit from the lost Taiwan contracts. DBS sees the new agreement supporting SGX's derivatives powerhouse ambition and cross sell potential with FX products, though it stresses actual earnings upside depends on how quickly liquidity builds in whichever contracts SGX rolls out, and does not put a number on the expected impact.

NOTE

For the full note, check DBS Group Research's published report or your broker platform.

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

🚨 Pre-market buzz!

Singapore's stock market performed strongly in June. The MSCI Singapore Free SGD Index rose +4.5% for the month, benefiting from a +38.4% year-on-year surge in non-oil domestic exports in May, with the core inflation rate remaining at a mild 1.4%. The Straits Times Index repeatedly hit new highs.

This is the best summary of the Singapore stock market's performance in the first half of the year!

$MSCI(MSCI.US) | MSCI Inc. Q1-2026 Earning Report

Source: Hardik Shah

$IREN(IREN.US)

IREN has had a rough couple of weeks, but I am not worried at all. The stock was recently added to the MSCI USA Index at the end of February, which is a huge vote of confidence. This means big institutional funds will now have to include IREN in their portfolios, providing a solid floor for the stock price moving forward.

@Bridge Buzz SG