ynwa

$Keppel(BN4.SG)

Context: Keppel has dropped to S$10.10 amid broader SGX weakness as markets reprice expectations for Fed rate hikes. The technical picture is also deteriorating, with a death cross potentially forming as the shorter-term moving average approaches a cross below the longer-term average.

My trade: I still like Keppel as a blue-chip holding and may look to add if the pullback presents a more attractive entry.

Takeaway: I’m staying constructive on the fundamentals, but will be mindful of the weakening technicals before adding.

$SIA Engineering(S59.SG)

Context: SIA Engineering hit a 52-week low today, making this an increasingly frustrating position to hold. The lack of momentum has reinforced my concerns about its near-term upside.

My trade: At this point, I’ll wait for the stock to recover to my breakeven level before exiting and redeploying the capital elsewhere.

Takeaway: Not the position I wanted to be stuck in, but I’ll look to exit at breakeven and move on to stronger opportunities.

$UOB(U11.SG)

Context: UOB has bounced back to S$40.50 following the recent weakness, with oversold conditions potentially supporting a further recovery.

My trade: I’m standing pat after accumulating during the pullback, rather than adding further at this stage.

Takeaway: I want to see whether the rebound has legs before committing more capital. For now, I’m happy with the position I’ve built during the weakness.

$UOB(U11.SG)

Context: I took advantage of the reduced board lot size to add UOB and average down. While markets have scaled back expectations of further Fed hikes due to weak job numbers, I think persistent inflation will likely keep further hikes on the table.

My trade: Started position in UOB.

Takeaway: UOB’s rate sensitivity could be a tailwind if the Fed remains higher for longer, supporting my longer-term view. Reduced board lot size also improves accessibility to SG bank stocks.

NFP showed weaker job numbers than anticipated, which reversed expectations of near term Fed rate hikes. Markets are no longer pricing in one more rate hike by end of year. This should give some relief at the short end of the curve and has led to a broad rally since the data was released

$Keppel(BN4.SG)

Context: Keppel fell towards S$11.04 today, bringing it closer to the levels I’ve been watching for another entry. The recent weakness looks more interesting after missing the chance to add around S$11.01 previously.

My trade: Holding my existing position and watching the S$11 area closely for an opportunity to add.

Takeaway: I’ll be more deliberate this time if the stock revisits my preferred entry range.

$Keppel Reit(K71U.SG)

Context: Keppel REIT closed flat at S$0.85, but the rate backdrop is becoming more supportive. Softer-than-expected core PCE has reduced expectations of a near-term Fed hike, although stronger jobs data still gives some pause.

My trade: Holding for now and watching whether improving rate expectations can provide a catalyst for the REIT.

Takeaway: A less hawkish Fed would remove some pressure from rate-sensitive REITs and could help unlock a breakout.

With oil climbing, I’m still hesitant to buy energy companies. Most of the tightness in the energy markets we see will unwind quickly should there be a US-Iran deal - a risk that I don’t want to take. I’d rather continue to ride on the AI theme, but importantly only buy on dips provided by market correction from higher bond yields or AI fears

$Keppel(BN4.SG)

Context: Keppel has rebounded to S$11.47 from its recent low of S$11.01, making the pullback look like a missed opportunity in hindsight. The fundamentals remain intact, so I’ll be more cognisant of these dips moving forward.

My trade: Holding my existing position and watching for another attractive entry.

Takeaway: I missed the chance to add this time, but I’ll be watching closely for the next pullback.

$SIA Engineering(S59.SG)

Context: SIA Engineering hit an intraday high of S$3.22 but still couldn’t break through the S$3.23 200-day moving average. The stock is showing some momentum, but this remains a key technical hurdle.

My trade: Holding for now and watching whether it can finally clear S$3.23 with conviction.

Takeaway: A sustained breakout would give me the opportunity to exit and redeploy the capital.

$SIA Engineering(S59.SG)

Context: SIA Engineering remains around S$3.10, with limited price action making the stock less appealing. Without a clear price catalyst, it’s difficult to see much momentum developing.

My trade: Holding for now and watching for a sustained breakout above the recent range.

Takeaway: If the stock finally breaks out with conviction, I’ll use the strength as an opportunity to sell and redeploy the capital.

$Keppel Reit(K71U.SG)

Context: Keppel REIT remains range-bound, and higher Fed rate expectations - markets pricing in at least two more hikes by March - are likely to make a breakout harder as REITs remain sensitive to financing costs and yields.

My trade: I’m holding for now and collecting the dividends. Fortunately, my exposure here is relatively small.

Takeaway: With limited upside catalysts in the near term, I’m happy to wait and reassess as the rate outlook develops.

$Keppel(BN4.SG)

Context: After six consecutive red days, Keppel finally registered a green day. The stock remains around the price level where I bought my second batch of shares, so I’m comfortable holding here. That said, its forward P/E remains elevated, so I’m still cautious at these levels.

My trade: Holding my position for now. If we see further declines to the $10 range, I’ll likely look to add to the position.

Takeaway: Further declines will bring Keppel to levels I’m comfortable accumulating at, but the elevated forward P/E means I don’t want to chase. That said, my longer-term view remains unchanged, so further weakness would be an opportunity to add.

$Keppel(BN4.SG)

Context: Keppel closed at S$11.20, with the move likely reflecting some profit-taking alongside broader jitters in the bond market. In this environment, I think there could also be a flight to quality, which could support more defensive blue-chip names.

My trade: Still holding my position. If Keppel continues to weaken towards the 200DMA at S$11.03, I may look to add to my position.

Takeaway: The pullback doesn’t change my broader view on Keppel. If it reaches the 200DMA, I’d see the technical weakness as a potential opportunity to add.

$Keppel Reit(K71U.SG)

Context: Keppel REIT has been trading sideways, while markets are pricing in two Fed hikes by year-end, with a 25bps hike all but certain this week. That rate outlook is likely to cap near-term upside for rate-sensitive REITs.

My trade: I’m taking a cautious hold for now and watching how the market reacts to the rate path.

Takeaway: REITs will likely remain under pressure given their rate sensitivity, so it’s time to weigh an exit.

$Keppel(BN4.SG)

Context: Keppel fell 2.8% today to S$11.47. The pullback looks somewhat overdone to me, especially without a specific price catalyst behind the move. Broader markets have also been cautious amid higher oil prices and yields.

My trade: Still holding my position. If Keppel falls further, I’ll start thinking about adding to my position given my longer-term bullish view on the stock.

Takeaway: I see this as more of a pullback than a change in the underlying story. If weakness continues, I’d be looking to use it as an opportunity to add.

$Keppel(BN4.SG)

Context: From a technical basis, Keppel continues to look good, with the 14-day RSI at 54. I want to see whether RSI can sustain its bounce back above 50, signalling that buying pressure is building.

My trade: Holding my position and watching whether sustained momentum can push the stock towards another leg higher.

Takeaway: Technicals remain constructive, further bolstered by capital flows into Singapore equities. I’m watching for sustained buying pressure to take Keppel higher.

$Keppel Reit(K71U.SG)

Context: The prospect of Fed hikes is putting pressure on REITs, with higher rates keeping financing costs elevated and limiting near-term upside.

My trade: I’m holding my Keppel REIT position for now, given its quality office portfolio and resilient operating performance.

Takeaway: I’m comfortable holding through the rate uncertainty while waiting for the macro backdrop to improve.

$SIA Engineering(S59.SG)

Context: SIA Engineering closed at S$3.10, with higher input costs, including rising shipping costs for materials, weighing on margins. The stock is also below the S$3.20 200-day EMA, so I’m watching for a breakout.

My trade: I’ll look to exit around S$3.30 on a rebound and redeploy the funds into blue chips.

Takeaway: I’m not optimistic on the near-term upside, so I’d rather redeploy into stronger blue-chip opportunities.

$Keppel(BN4.SG)

Context: Keppel surged to close at S$11.60 as Singapore equities continued to attract inflows due to the Fed’s hawkish signals. The strength in Singapore’s blue-chip names, particularly banks, helped lift the broader market and benefited stocks like Keppel.

My trade: Holding my position and letting the broader market momentum play out.

Takeaway: Blue-chip quality continues to provide some resilience when market sentiment shifts.

$Keppel(BN4.SG)

Context: Keppel at S$11.35 remains technically constructive, with the 50MA at S$11.12 above the 200MA at S$10.90, keeping the golden cross intact.

My trade: Holding my position and watching whether the 20MA at S$11.26 continues to provide support.

Takeaway: I expect the broader trend to remain upward, with the technical setup supporting my view on Keppel.

$SIA Engineering(S59.SG)

Context: S$3.28 remains the key technical resistance, but the recent test was quickly rejected. The stock remains range-bound, and without a meaningful catalyst, a sustained breakout looks difficult.

My trade: I’ll take a wait-and-see approach for now, but I’m looking to exit and reposition as soon as the price reaches a level I’m comfortable with.

Takeaway: The lack of momentum doesn’t suit my investment style, especially when you see other SGX stocks seeing sharp increases across 2026.

$Keppel Reit(K71U.SG)

Context: Keppel REIT’s divestment of KR Ginza II looks encouraging, with the S$90.9m sale price 28.4% above its 2022 purchase price and 9.7% above valuation.

My trade: At S$0.875, I’m still comfortable holding as NPI and distributable income continue to grow, despite lower DPU from the enlarged unit base.

Takeaway: Continued capital recycling should help strengthen the portfolio and unlock value.