LazyCat

The Tencent and JD earnings could likely be catalysts for the beaten down Hang Seng Tech to rally. Looking forward to a positive market reaction.

$LINK REIT(00823.HK) closed the week at 38.60, at the side-lining level of Apr-May 2026.

The price is now:

1. below the 20MA,

2. below the mid band of the Bollinger band,

3. just supported on the 60MA,

4. above the supertrend dynamic support of 37.488 (p.s. the second image should be HKD and not SGD), and

5. formed lower high and lower low (but not really much).

The $Lion-OSPL APAC Fin S(YLD.SG) closed the week with a new all time high of SGD1.58, thanks to the good results of the 3 big Singapore banks.

The price has been supported by the 5EMA since 22 Jul, and closing above the upper Bollinger band on Friday, 7 Aug with a dragonfly doji. The volume for the last 2 trading sessions were above the 20MAVOL coupled with the dragonfly doji, showed strength of the bullish price action.

I am currently not adding more units as I felt the price is a bit toppish and may take a breather.

I bought in early for $YZJ Shipbldg SGD(BS6.SG) when it bounced of it's low and added to my position when it was back to complete the double bottom. The resultant average cost is 3.505.

The trading plan was to take partial profits when it breaks the 4.00 psychological resistance level and ride the wave if the upward momentum is still intact. To achieve this, a GTC sell order was set at 4.10 for 40% of the holdings and this was triggered today.

The current surge today, with a high volume, looks promising for a continuation next week.

Before the release of the banks' results, many are concerned of the banks' elevated valuations. Exercising caution, some likely locked in profits while those with high conviction continues to accumulate from the dip. With the positive results from the banks (especially DBS and OCBC), STI's run looks sustainable.

A real good start to the banks' reporting. An assuring set of result from DBS will probably stabilise the STI and keep the optimism for the local market.

The half yearly results (ended 30 Jun 2026) for $CapLand Ascendas REIT(A17U.SG)has just been released. In a nutshell:

Gross Revenue: +6.7% YoY

Net Property Income (NPI): +6.2% YoY Distributable income: +8.6% YoY

DPU (cents): 7.482 (+0.1% Vs 1H 2025's 7.477 but -0.6% vs 2H 2025 7.528 due to enrged unit base from equity fund raising in 1H 2026)

Portfolio Occupancy: 89.1%

Aggregate leverage: 39.7%.

According to the press release, "A positive average rental reversion of 8.5% was achieved for leases that were renewed in multi-tenant buildings in 1H 2026. For FY 2026, the Manager expects average rental reversions to remain positive in the high single-digit range."

Weighted Average Lease Expiry (WALE): 4 years; ~9.6% of gross rental income is due for renewal in the remainder of FY 2026.

Staying true to it's nature of business, the price of SpaceX shot to the 9 moons for its revenue beat and it duely returned for "reuse". The much delayed reaction to the capex concern is surreal unlike the vicious falls for some big techs. Hope those who bought in during the regular session enjoyed the moon ride.

PLTR has been off the radar for a long while as the memory trade exploded. Now memory cooled and funds are rotating back. Pays to stick to own thesis instead of chasing hypes.

This earnings season will be very interesting with regards to the 3 big banks, especially DBS. With it's valuation at record highs, are we looking at perfection being priced in, or it's really worth its weigh in gold. Add more to catch a rip or take partial profits to sleep well? Hmmm, it's tough to decide....

Many of the recent movements should be treated as noise. For investors, company fundamentals and sector growth and health should be the anchor for proper investment (not trading)

$Microsoft(MSFT.US)

Summary of Microsoft FY26 Q4 Earnings Call

Key Takeaways

(1) Financial Performance & Returns:

Microsoft returned over $10.2 billion to shareholders in Q4 ($43+ billion for the full fiscal year). Quarterly revenue and earnings exceeded expectations, achieving a 67% gross margin and a 45% operating margin. Commercial Remaining Performance Obligations (RPO) jumped 84% year-over-year to $678 billion (+25% excluding OpenAI commitments).

(2) Future Outlook & Guidance

For FY27 Q1, revenue is projected at $89.85–$90.95 billion (+16%–17% YoY), driven by strong Intelligent Cloud growth (+33%–34%), with Azure revenue expected to grow around 45% YoY. For full-year FY27, Microsoft anticipates double-digit growth in total revenue and operating income, with free cash flow remaining positive. Windows OEM and Devices revenues are expected to fall nearly 20% due to weaker PC demand and supply chain cost inflation.

(3) Capex & Accounting Policy Changes

Quarterly capex reached $41.0 billion. Microsoft extended the estimated useful lives of datacenters and office buildings from 15 to 25 years starting FY27. This shifts more future datacenter leases from finance to operating leases, revising the CY2026 capex outlook to approximately $175 billion without altering underlying investment plans.

(4) AI & Cloud Infrastructure

Microsoft added 31 datacenters in Q4 and 1GW of capacity. Enterprise AI adoption expanded rapidly via Microsoft Foundry, which now serves over 100,000 customers.

(5) Shift in Market Sentiments

While previous earnings left investors questioning “When will the massive AI investments pay off?”, this quarter provided definitive evidence that AI spending is directly driving accelerated cloud revenue growth, while management successfully contained margin erosion and clarified its long-term spending plans.

Microsoft is an excellent business like Meta but it gets rewarded because the area of concern for it's last earnings call was addressed and the rest of the resulys are still beating market expectations. It is best to do our own analysis to build conviction, stay invested instead of being swayed by sentiments like those happening to Meta now. is meta a bad business now? I doubt so.

$CapLand Ascendas REIT(A17U.SG) staged a sharp bullish reversal over July 28–29, breaking out of a week-long consolidation range (S$2.48–S$2.52) on explosive volume. The stock surged 2.82% on July 28 and added another 1.18% on July 29, closing at S$2.58.

According to AI data analysis, the rally was ignited by massive institutional inflows. On July 28, super-large and large orders drove a net inflow of S$26.37M, representing 48.78% of the day's turnover. This capital surge was reinforced by supportive macro developments - Singapore's June manufacturing output jumped 7.2% YoY, driven by a 21.3% electronics surge, while industrial leasing activity rose 7.9% QoQ in Q2 2026, fueled by AI and semiconductor demand. The resulting technical breakout—above key moving averages with a bullish MACD crossover—amplified momentum-based buying.

However, by July 29, internal dynamics appeared to have shifted. Despite the continued price rise, overall net fund flow turned negative at -S$9.89M, with distribution across all order sizes, suggesting early profit-taking by the initiating institutions. Multiple indicators (CCI at 313.66, RSI-6 at 72.9) signaled overbought conditions, indicating a potential consolidation phase ahead.

currently Apple looks to be treated as a safer tech play amongst the MAG7, not having the same capex concerns like the others. This translates to it being a stable long term play (which is endorsed by the Buffet stock god).