🦎 IGGY MORNING BRIEF, 7 July 2026☕ SGX opens 9 AM

🦎 IGGY MORNING BRIEF, 7 July 2026

☕ SGX opens 9 AM SGT. Here is what matters before the bell.

OVERNIGHT US SUMMARY

US markets returned with conviction. Dow +155.84 to 53,055.91, S&P 500 +0.72% to 7,537.54, Nasdaq +1.11% to 26,121.16, led by a rebound in AI and semiconductor names after pre-holiday weakness. One nuance: VIX closed slightly higher at 16.03 versus 15.81 prior, despite drifting lower intraday. Strong equities with a firmer VIX suggests some hedging still in place, not full risk-on conviction.

SGX PRE-OPEN PULSE

STI closed at 5,259.8 (+15.52), another record. Brent 71.99, USD/SGD 1.2937. Wall Street strength leans constructive, but two record closes in three sessions is where discipline matters more than chasing.

THREE STOCKS ON IGGY'S RADAR

👁 AJBU Keppel DC REIT, down 1.33% to 2.220

Zone 4 border case. Gearing breach is technical, not structural, with ICR still strong. Today’s move does not change the read.

👁 C38U CapitaLand Integrated Commercial Trust, flat at 2.400

Flagged for caution with at least one metric outside range. No fresh signal.

👁 U96 Sembcorp Industries, down 3.85% to 5.750

Third straight decline post-Citi downgrade, extending below Friday’s four-month low. No full audit yet, so this remains price-action watch. Focus shifts to August results.

IGGY'S GAME PLAN

US tech strength does not translate directly to SGX given index composition. Key watch: whether the market can extend Monday’s record without relying solely on banks, and whether Sembcorp stabilises. Record highs are not a reason to relax yield or balance sheet standards.

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