ynwa

$Keppel Reit(K71U.SG)I’m looking forward to Keppel REIT’s earnings on 29 July as they should provide a better gauge of whether my investment thesis remains on track. I’ll be paying close attention to rental reversions and occupancy. Positive commentary on these fronts would strengthen my confidence in the REIT’s long-term prospects. A hawkish Fed however poses some downside risks

$SIA Engineering(S59.SG)I’m considering exiting my SIA Engineering position as the investment thesis has become less compelling. With aviation demand largely normalised, much of the recovery appears to be reflected in the share price, while upside catalysts look limited. I may reallocate the capital to semiconductor names, where the recent pullback presents a more attractive risk-reward opportunity.

World Cup nights (or mornings) always hit differently. I watched the Norway vs England game at the CC with a few friends, and the atmosphere was unreal. Even though we were cheering for England, the Norwegian fans were amazing. The Viking chant gave me goosebumps. You could really feel how football brings everyone together.

As an England fan though, I know we’ve all said it before, but this squad feels different with Bellingham leading the charge. Hopefully in a week’s time we’ll all be singing the same thing…

It’s coming home. 🏆🏴󠁧󠁢󠁥󠁮󠁧󠁿

Keppel surged over 5% today before the afternoon break, benefiting from the strong wave of global fund inflows into Singapore equities. Beyond the broader market tailwind, its asset-light transformation continues to resonate with investors. While the proposed M1 divestment did not materialise, it also presents an opportunity for management to unlock value through alternative monetisation strategies or reposition the business to better support its long-term transformation.

I received these Keppel REIT units through Keppel, and they’ve become a nice addition to my portfolio. I’m considering increasing my position as I like its portfolio of quality office assets and the steady stream of distributions it provides.

What stands out to me is SIA Engineering’s strong position in the aircraft maintenance, repair, and overhaul (MRO) industry, which allows it to benefit from sustained growth in air travel across the region. This is especially so after the recent Middle East conflict has helped to put the spotlight back on SIA, who is poised to benefit on Asia-European routes. As airlines continue to expand capacity and renew fleets, demand for maintenance services should remain supportive.

Keppel has been one of my strongest performers, with my position currently up 41.91%. The rally has been supported by its transformation into an asset-light business model, growing recurring income streams, and continued execution of its monetisation strategy.

Looking ahead, I remain constructive on the stock. Potential catalysts include further asset divestments, growth in its infrastructure and connectivity segments, and continued capital recycling that could support shareholder returns. Looking forward to the dividends as well!