🦎 IGGY MORNING BRIEF — 25 JUNE 2026

☕ Good morning, Iguanas. SGX opens 9:00 AM SGT.

OVERNIGHT

S&P 500 -7 at 7,358. Nasdaq -110 at 25,477. Dow +182 at 51,849. Tech sold off, futures bounced overnight after Micron beat and Western Digital restored its dividend.

My read: mixed for SGX income names. REITs may get relief, but AI momentum cuts both ways.

PRE-OPEN

STI closed 5,216 yesterday. Top actives were HSI warrants, that is speculative money. Underneath, income names traded real volume. Expect mixed open.

THREE ON WATCH

👁 C38U CICT +2.16%: 47,940 lots, highest among income names. Gearing 38.6%, interest cover ∼3.7x. Worth watching, one day does not change the trend.

👁 JYEU Lendlease -0.87%: pulled back on a green day. Deleveraging after Jem sale and fundraising. Interest cover still below 2x. Waiting for earnings to confirm stabilization.

👁 Z74 SingTel +1.38%: 26,977 lots. Yield ∼4.03%, but over 25% of last payout came from asset sales, not operations. Price up, dividend quality still my focus.

GAME PLAN

Big Three banks anchor the market. All show strong capital, fee income is the story. UOB updates 7 Aug. Watching if REIT volume sustains or fades.

📺 @investingiguana | 📝 investingiguana.com | 💬 t.me/iggytheinvestingiguana

Not financial advice.

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.