☕️ [Task Coins Giveaway] Daily Market Talk

Midday update: Mag7 cracked open after-hours: Meta tanked −6% on a capex hike, Alphabet ripped +6.6% on a clean revenue beat, Qualcomm +12%, Amazon +3%, Microsoft basically flat. Powell's "farewell" FOMC saw the largest dissent in 34 years (4 votes against), with Powell staying on as Fed governor while Warsh's Senate path clears for May confirmation. Anthropic is reportedly chasing a US$900B valuation that could overtake OpenAI, DBS just printed a record S$5.95bn quarter with a special 15-cent capital-return dividend, and Singapore's manufacturing data confirmed an AI-led 7.9% Q1 surge.

💬 Today's 3 Big Questions

1. Meta −6% on capex hike, Alphabet +6.6% on revenue beat — same week, same theme, opposite stock reactions. The Mag7 just split into "AI capex believers vs. capex doubters" in real time. Are you adding Meta on the dip (efficiency wins long-term) or chasing Alphabet strength (Cloud/Search re-rating)? Pick one.
2. Powell-to-Warsh transition is now a near-certainty for May. Powell stays on as governor, 4 dissents already on this last decision. Does the handoff mean MORE dovish 2026, MORE hawkish (Warsh's reputation), or just personnel noise? Position long-duration tech vs. Singapore banks accordingly.
3. Anthropic potentially leapfrogs OpenAI to US$900B; Apple unveils Siri Camera + iOS 27 visual AI; Western Digital + SanDisk report tonight; YOFC just printed +226% net profit on AI fibre. Three different AI plays — foundation models, consumer-platform AI, enabler hardware. Which has the cleanest 12-month risk/reward, and which would you fade?

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⏰ Deadline: April 30, 2026, 11:59 PM (SGT)

📊 Quick Market Recap

🌍 Global Macro & Markets

• Fed held with 4 dissents — largest split in ~34 years; Powell signalled he'll stay on as governor, denying he'll be a "shadow chair." Warsh Senate path clear; May confirmation expected.
• March US PCE drops tonight SGT — first major inflation read since MAS tightening on Apr 14.
• Brent still bid: UAE OPEC/OPEC+ exit on May 1 (raising output) battles Iran's Hormuz toll demand.

🇺🇸 US Markets: Mag7 Earnings Whiplash + Fed Chair Reset

• Meta tumbled −6%+ after-hours on a sharp capex guide higher; Alphabet +6.6% on revenue beat; Qualcomm +12%; Amazon +3%; Microsoft −0.1%.
• Apple — plans to launch Siri Camera Mode with upgraded visual AI in iOS 27; earnings tonight will set the tone for the AI-iPhone narrative into FY27.
• Anthropic — reportedly targeting a US$900B funding round that could overtake OpenAI as the most valuable AI lab; key read-across to Amazon (lead investor) and Google.
• Eli Lilly — reports tonight; obesity-drug demand and manufacturing capacity guidance remain the key debates.
• Western Digital / SanDisk — Q1 prints tonight; following Seagate's +16% blowout, the duopolist HDD and NAND cycle gets fresh tests.

🇭🇰 Hong Kong & China Markets

• YOFC (Yangtze Optical Fibre and Cable) — Q1 revenue +27.7%, net profit RMB495m / +226.4% YoY. The AI-fibre tailwind printed exactly as the bull case promised.
• Sunmi Technology-W — first full session of trading after yesterday's HKEX listing day.

🇸🇬 Singapore Markets

• Manufacturing Q1 +7.9% (vs. 5.0% advance estimate); infocomms & consumer electronics surging +17.7% on AI demand; Q1 GDP could be revised up to 5.3%. Marine & offshore drags −13.1% (steepest since Jul 2020).
• DBS Q1 net profit S$2.93bn (+1% YoY, +24% QoQ); record total income S$5.95bn; commercial fee income +16% YoY; ROE 17%; declared 66c interim + 15c capital-return dividend.
• Wilmar Q1: revenue +21.9% to S$19.8bn but net profit −22.8% to S$265.6m on margin pressure.
• Sheng Siong Q1: net profit +12.6% to S$43.4m, revenue +12.4% to S$452.8m — defensive grocer printing as expected.
• CDL Hospitality Trusts Q1: NPI +10.4%; revenue +5.9%; broad-based portfolio growth ex-Japan/Maldives.
• Starhill Global REIT Q1: NPI flat at S$37.9m; Ngee Ann City + KL Lot 10 + FX provided support.
• City Developments: management says ongoing strategic review is "timely" post last year's boardroom dispute; details expected by end-June.

📅 Key Events Tonight / This Week

• 🇺🇸 March US PCE inflation — Tonight (SGT)
• 🇺🇸 Apple / Eli Lilly / Western Digital / SanDisk earnings — Tonight
• 🇺🇸 Berkshire Hathaway AGM (Abel's first as CEO) — May 2–3 (Beijing time)
• 🇺🇸 Warsh Fed Chair confirmation — Expected May
• 🇸🇬 City Developments strategic review details — Expected end-June

Disclaimer: For reference only, not investment advice.