Crazy rich

STI through 5,100 and printing record territory 🇸🇬 our boring index finally having its moment, led by the three banks and Singtel. boring is beautiful when it pays dividends and still goes up

I love seeing this healthy rotation into financials and value. Blackstone surging 7.5% while tech corrects shows institutional money is diversifying 📈 This sets up a more sustainable rally long term

finally a SGX small cap that is a proper AI play and not just banks and REITs 🇸🇬 AEM is riding the AI test demand wave and just bumped FY guidance to S$550-600M. holding this one, our local semi names deserve some love too 💪

$Wilmar(F34.SG) just announced a 50:50 joint venture with TGI Group, combining their operations across Nigeria and Benin into a single Singapore-headquartered holding company. The combined platform targets an addressable market of more than S$15.26 billion across agriculture, food manufacturing, and distribution, with completion expected by end 2026.

But what does this actually mean for you as a Singapore investor?

Think of it like expanding from a mature heartland estate into a fast-growing new town. West Africa is one of the highest population-growth food markets in the world, and Wilmar is using a local partner for distribution and brands rather than building from scratch. That is a sensible, capital-light way in, and the long-term demand story is real.

Here is the catch. F34 is running two narratives at once. The growth story is this JV. The overhang is the unresolved Indonesia legal and investigation issue, which the market has not forgotten. Good news on Africa does not erase the Indonesia question, and that is partly why the stock has not run on the announcement.

What I would watch from here: execution and currency risk in West Africa where conditions are tougher than the headline market size suggests, the Indonesia front which is the bigger near-term swing factor for sentiment, and whether the JV actually closes on schedule by end 2026.

For income-focused local investors, Wilmar stays a long-game agribusiness holding, not a quick trade. The Africa JV improves the long-term story. The Indonesia cloud is what keeps it cheap. 🇸🇬

Wilmar and TGI Group forming a 50:50 JV covering Nigeria and Benin, targeting S$15.26B addressable market. Agriculture, food manufacturing, distribution. Africa is one of the fastest-growing food demand markets in the world. This is a long-term positioning move 💪🌍

YZJ just completed the US$1.05B Poseidon stake acquisition fully from internal cash. 10% in a major shipping and energy infrastructure name. This is YZJ diversifying beyond shipbuilding into asset ownership. Bought from Fairfax Financial and Washington Family at good price? Looks like it 💪🇸🇬

DBS announced plans to open 18 new wealth centres across six markets by end-2027 and upgrade 36 existing ones, expanding its Singapore Treasures footprint by 50%. Asia's affluent wealth pool is projec...

DBS opening 18 new wealth centres across 6 markets and upgrading 36 existing ones by end-2027. Asia's affluent wealth pool hitting USD 4.7T in 2026. This is exactly the right pivot as interest income normalises 💪🇸🇬

Seatrium's Q1 2026 Update: Seven Years of Revenue Visibility, and Margins Finally Moving

Seatrium's first quarter 2026 business update delivered exactly what long-term investors needed to see: steady execution, legacy project clearance, and an order book that keeps growing.

The headline number is a net order book of SGD 15.5 billion across 24 projects, with revenue visibility stretching to 2033. For a company that spent the better part of three years absorbing painful legacy project losses, seven-plus years of forward visibility changes the risk profile in a meaningful way.

Two legacy projects were delivered this quarter: TSHD1 Frederick Paup and WTIV1 Maersk Viridis. Each delivery removes a drag on margins and moves the earnings picture closer to a clean run rate. CEO Chris Ong's comment about being "well-positioned to deliver further gross margin improvements" is not management-speak here. It's backed by a shrinking legacy project count quarter after quarter.

The pipeline picture adds another layer: >SGD 28 billion in opportunities over the next 24 months, diversified across Oil & Gas, Offshore Wind, and Conversions. That breadth matters. If oil stays elevated (Brent is above USD 93 right now), O&G capex remains supportive. If energy transition accelerates, Offshore Wind converts pipeline into backlog. Seatrium doesn't need to bet on one macro outcome.

What retail investors should watch going forward:

Gross margin trajectory each quarter as the remaining legacy project count shrinks

Offshore Wind as a growing share of new order intake (this is the long-cycle growth driver)

Divestment proceeds deployment — the leaner balance sheet is now focused on execution

Seatrium is not a dividend yield play right now. It's a recovery and quality-of-earnings story. The order book tells you the revenue is coming. The margin trend over the next two full-year results will tell you whether the turnaround is real.

Keppel's Sakra Cogen Plant is now live. 600MW, hydrogen-compatible, fully contracted for 2026-2027, and boosts power capacity by 45%. Singapore's first hydrogen-ready power plant and it's delivering recurring income from day one. That's the kind of infrastructure asset I want in a long-term portfolio 💪

OpenAI plants its first overseas AI lab here, SGX just became SEA's biggest market. Singapore is quietly becoming the AI and capital hub of the region. Bullish on SG-listed tech plays🇸🇬🔥

STI is knocking on 5000.OCBC has a target of 5250 — and the index is getting close enough that the question shifts from "will we get there?" to "what happens when we do?"For Singapore investors, this matters beyond the headline number. When the STI runs, it tends to lift dividend stocks and REITs alongside it — DBS (SGX: D05), OCBC (SGX: O39), Singtel, the usual anchors.The local market has been quietly resilient this year while global investors were distracted by US volatility. That's the thing about the STI: it doesn't make noise, it just compounds.Watch for profit-taking around the 5000 psychological level. But the bigger picture looks constructive.

A useful lesson from SIA today: GAAP net profit can be a misleading single-metric for valuation. Three rules for reading airline earnings: (1) always strip out one-off gains/losses to assess underlying operations; (2) operating cash flow is more reliable than net profit; (3) seasonality matters — H2 typically benefits from peak travel periods, so the comparison should be apples-to-apples. SIA's H2 print looks worse than the underlying business performance

OCBC holding steady around $14.80 again leh. Every time it dips the buyers just come back in. Not complaining since I averaged down last month. Dividend yield still looking solid, hard to shake out long-term holders like that

DBS Group releases its first-quarter 2026 results on Thursday morning, April 30.

CityDev's S$2B debt program signals expansion appetite. Watch for acquisition targets in hospitality/data centers

Singtel -5.4% on outage is a buying opportunity if you believe network reliability is fixable. Core business unchanged

My dad always says "don't chase yield, let yield come to you." $DBS.SG at $57.78 with 5.8% forward yield fits that perfectly . 10-year SGS bond at 2.7% means 310 basis points spread for taking equity risk . Plus it's CPF and SRS eligible so tax efficient. People complaining about pullback from $60, I'm sitting here adding slowly. This isn't a trade, it's a wealth transfer vehicle. 🏦

$Invesco QQQ Trust(QQQ.US) technicals: closed $608.81, 50-day MA at $616 overhead resistance, 200-day at $605 support . RSI 47, neutral. Volume light. Waiting for NVDA earnings to break us out of this range. 📊

$ASML(ASML.US) just announced 1,000 watt EUV light source, boosting wafer output 50% by 2030 . Stock hit new 52-week high $1,493 yesterday on 1.28M volume . Market finally waking up to the fact that Moore's Law isn't dead, it's just powered by Dutch wizardry