🦎 IGGY MORNING BRIEF — 10 JUNE 2026

☕ Good morning, Iguanas. SGX opens at 9:00 AM SGT. Here is what I am watching before the bell.

OVERNIGHT US SUMMARY

I watched Wall Street close mixed overnight. Tech took the hit while the old economy held firm.

S&P 500: 7,386.65 (-0.26%)

Nasdaq: 25,678.82 (-0.97%)

Dow: 50,872.11 (+0.17%)

Chips pulled back after that AI run, and talk of an Iran deal kept oil capped near $92. Gold sat steady around $4,300.

My read: this rotation out of growth into value helps our dividend names. For us income investors, the Nasdaq wobble is just noise.

SGX PRE-OPEN PULSE

We closed at 5,023.25 yesterday, up 1.2%. I am expecting a cautious open this morning. US tech softness might weigh early, but our banks and consumer names tend to march to their own drum. USD/SGD is quiet at 1.29.

THREE STOCKS ON MY RADAR TODAY

👁 Y92 Thai Beverage — up 3.53% yesterday, the most active counter on the board. I want to know what drove that volume spike, and whether anything has shifted in the dividend story since the last payout.

👁 O39 OCBC — up 1.71%, the strongest of our Big 3. With CET1 around 17%, I am watching to see if money keeps rotating into the best capitalised bank, not just the highest yielder.

👁 BS6 Yangzijiang Shipbuilding — lagged badly while we rallied 1.2%. After a strong run, that kind of underperformance catches my eye. Order book is still $22.4 billion, earnings due in early August.

MY GAME PLAN FOR TODAY

I never chase yesterday's top gainer, so ThaiBev stays on my watchlist, not my action list. I will wait for a pullback.

The theme I am carrying into today: the bank rotation looks real to me. OCBC leading DBS and UOB tells me smart money is favouring balance sheet strength.

I am also keeping an eye on Yangzijiang into the afternoon. Is this simple profit taking, or is there something in the filings I need to see? I will pick this up with you at lunch.