只想暴富

CapitaLand Investment(CLI) recently held a Hong Kong Non-Deal Roadshow (9–10 July) to engage institutional investors and update them on its business strategy and growth plans. Such investor engagement typically aims to strengthen market understanding of the company's long-term strategy.Earlier this year, CLI secured a mandate to manage Income Insurance's direct real estate portfolio, which includes retail, commercial and industrial assets in Singapore. This supports CLI's strategy of expanding its fee-income business, which is generally viewed as more stable than earnings from property development.I continue to view CLI positively over the long term because its business has shifted from being primarily a property developer to a global real asset manager. That means an increasing proportion of its earnings comes from recurring management fees, which tend to be more resilient and less cyclical.

SGX reported that May 2026 was another outstanding month in which the securities daily average value (SDAV) reached S$2.4 billion, the highest level since October 2007.Total securities turnover rose 70% year-on-year to S$45.8 billion.Strong trading activity directly benefits SGX through higher transaction, clearing, and market data revenue.SGX is on track for close to 30 new listings in 2026, a significant improvement over recent years.

Several companies, including Foundation Healthcare, EGP Energy, and All-Link Air & Sea, have recently filed listing documents.Also ,SGX has announced a market improvements that the board lot sizes will be reduced in October 2026, allowing investors to trade in smaller quantities and improving market accessibility.For long-term investors seeking a stable core holding with moderate growth and income, SGX continues to stand out as an attractive option, though I would be mindful of valuation after its recent strong share price performance.

JD.com reported better-than-expected first-quarter 2026 results, with revenue and profitability exceeding market expectations. Its JD Retail operating margin improved to 5.6%, reflecting stronger operating efficiency. Following the earnings release, JD's Hong Kong-listed shares rose more than 7%.Several investment banks have noted that JD.com's self-operated retail model and nationwide logistics network continue to differentiate it from competitors. However, competition in China's e-commerce market remains intense, especially with Alibaba, PDD Holdings (Pinduoduo/Temu), and emerging instant retail platforms.Compared with some peers, it has demonstrated better discipline in improving profitability while maintaining growth. If China's consumer spending continues to recover and JD can sustain its margin improvements, there is potential for further upside over the long term.

Microsoft announced a restructuring that includes approximately 4,800 job cuts (about 2.1% of its global workforce), with the majority affecting the Xbox gaming division. Management said the move is intended to streamline operations and improve efficiency while the company continues investing heavily in AI infrastructure. In addition, Microsoft recently launched Microsoft Frontier Company, backed by US$2.5 billion, to help enterprise customers adopt AI solutions across different models and platforms. This expands Microsoft's AI consulting and implementation capabilities beyond simply providing cloud infrastructure.Also,Microsoft continues to roll out AI-related enhancements across its products, including Windows, Outlook, and Microsoft 365, while also introducing new Azure infrastructure announced at Microsoft Build 2026.

Amova-StraitsTrading Asia ex Japan REIT Index ETF (SGX: CFA) is one of the better REIT ETFs for investors who want broad exposure to Asia-Pacific REITs without having to pick individual REITs.The ETF currently offers a trailing dividend yield of around 6.3%.It distributes quarterly, making it attractive for investors seeking regular passive income.Personally, I would view CFA as an income generator rather than a growth engine. It fits well as part of a diversified portfolio alongside global equity ETFs or high-quality growth stocks.

One thing to keep in mind is that REITs have only recently started to recover after the higher interest rate environment. If global interest rates gradually decline over the next few years, many REITs could benefit from lower financing costs and improved valuations. However, I would still expect most of the long-term return to come from its 6%+ dividend yield, with capital appreciation being a secondary source of returns.

Grab reported its first full year of net profit in 2025, marking a significant turning point after years of investing for growth.

In Q1 2026, revenue grew 24% year over year to US$955 million, while adjusted EBITDA increased 46% to US$154 million, showing improving operating leverage. Also, Grab continues to generate positive free cash flow and has substantial cash reserves, giving it flexibility for acquisitions, share buybacks, and future investments. The company also announced a US$500 million share repurchase program.If management continues to execute well, Grab has the potential to compound earnings meaningfully over the long term. However, investors should also expect periods of volatility, as sentiment toward growth stocks can shift quickly with changes in interest rates, competition, or regulatory developments.

SGX is Singapore's only integrated securities and derivatives exchange, making its business difficult to replicate.

It earns recurring revenue from trading, clearing, market data, listings, and custody services.In recent years, SGX has reduced its reliance on cash equity trading by expanding its FX, commodities, and derivatives businesses.Its latest results showed continued growth in these higher-margin segments, helping offset lower treasury income.SGX has a long history of paying dividends.Management has also guided for gradual quarterly dividend increases through FY2028, making it attractive for income-focused investors.

My view on Microsoft is that it remains one of the highest-quality companies in the market. Unlike many AI companies, Microsoft is embedding AI into products customers already use and pay for, including Microsoft 365, GitHub, Azure, and Dynamics. This gives it multiple ways to generate recurring revenue.Microsoft generates substantial cash flow, has a diversified business, and maintains a strong balance sheet. These qualities have historically made it more resilient during market downturns than many technology peers.If management continues to execute well, Microsoft is well positioned to remain a long-term leader in enterprise software, cloud computing, and AI.

The company delivered a very strong FY2025, with revenue increasing to S$227.9 million and net profit rising to S$37.9 million, mainly due to revenue recognition from its industrial development project, Stellar@Tampines. It also proposed its maiden dividend of 3.05 cents per share.

However, developers often experience lumpy earnings. FY2025 benefited from project milestone recognition, so investors should not assume this level of earnings will repeat every year. Future performance depends on the timing of project completions and new launches.

The Amova-Straits Trading Asia ex-Japan REIT ETF (CFA.SG) is trading at SGD 0.796, sitting in the middle of its well-defined trading range.The March selloff (from 0.83 to 0.77) was the sharpest move in the past year, likely driven by rate-cut expectations being repriced. Since then, the ETF has recovered to ~0.80. At ~5–6% yield, CFA is an income play. The question isn't just "is 0.79 cheap?" but "is there a better use for this capital right now?" whether that is another sector, cash, or waiting for a deeper pullback to 0.77.

JD is trading at a relatively low forward earnings multiple compared with many large China internet peers. Q1 2026 revenue grew about 5% year-on-year and exceeded analyst expectations.Core retail profitability improved despite intense competition in China’s e-commerce market.JD’s self-owned logistics network remains one of its strongest competitive advantages and is difficult for competitors to replicate. Many long-term investors continue to view this as a key asset.

In short, I see JD as more of a value and recovery play than a high-growth story. The key catalyst to watch over the next few quarters is whether management can continue improving margins while maintaining revenue growth.

CapitaLand Investment is a restructuring story in progress. The stock trades near book value with an attractive dividend, which limits downside. But the earnings trajectory needs to reverse — driven by rate-cut tailwinds and fee-income scaling — before the valuation re-rates higher. The near-term catalyst to watch is whether Q1/Q2 2026 results show the revenue decline stabilizing and the interest-cost savings translating into bottom-line recovery.

DBS is trading at a significant premium to both its own 5-year historical valuation and the banking sector median. The current P/E of 16.3x sits above the 5-year high of 13.3x, and the P/B of 2.59x is near all-time highs. This premium reflects the market’s recognition of DBS’s digital transformation success and its status as Southeast Asia’s largest bank by assets. However, it also means much of the upside is already priced in — the 6.17% dividend yield provides a meaningful income cushion, but future price appreciation will depend on continued earnings growth.

Analysts project FY2026 revenue of ~SGD 23.5B and EPS of ~SGD 3.95, implying continued low-single-digit growth. The key watch points are whether net interest margins can hold as global rates ease, and whether the elevated loan loss provisions in FY2025 were a one-time adjustment or the start of a deteriorating credit cycle.

DBS has more than doubled its net income from SGD 6.81B (FY2021) to SGD 10.93B (FY2025), driven primarily by the rate-hiking cycle that expanded net interest margins from FY2022 onward.

As of May 22, 2026, S68.SG is trading at SGD 22.37, unchanged from its previous close after reaching a new 52-week high of SGD 22.45 during the session. The stock has delivered strong performance, gaining 33.7% year-to-date and 5.9% over the past five days.

On the corporate front, Singapore Exchange recently announced a partnership with Bloomberg to enhance the visibility of Singapore’s equity market through the Bloomberg Terminal. This development comes amid a sharp rise in trading activity on the exchange, with average daily turnover surging 53% year-over-year to SGD 2.1 billion in Q1 2026

The consistency of CFA.SG’s income distribution is primarily driven by the strict regulatory payout mandates of its underlying holdings and the resilient rental cash flows of diversified real estate assets.

The core drivers include:

Regulatory Payout Requirements: The ETF invests in Real Estate Investment Trusts (REITs) across the Asia ex-Japan region. By law, most of these REIT jurisdictions (such as Singapore) require trusts to distribute at least 90% of their taxable income to unitholders to maintain tax-advantaged status, ensuring a structural and continuous flow of dividends to the ETF.

Broad Diversification: By pooling multiple REITs across different countries and property sub-sectors, the ETF mitigates idiosyncratic risks. A vacancy issue in a single commercial building or a localized economic slowdown is cushioned by the broader portfolio, smoothing out the aggregate dividend yield passed on to ETF investors.

As of May 2026, DBS Group reported a record first-quarter net profit of SGD 2.93 billion, driven by strong wealth management. The bank raised its dividend to 81 cents per share and is leveraging AI to drive SME adoption and data center deals, with a focus on ” resilience barbell“ strategies amidst a volatile market

As of May 2026, the Singapore Exchange (SGX) is advancing structural reforms to boost market activity, including a new dual-listing bridge with Nasdaq debuting in mid-2026 and the launch of a Global Listing Board to enhance liquidity. SGX Group reported a strong H1 FY2026, with net profit rising 11.6% and dividends increasing 20.8%

#repost for Week 1 My Portfolio Health Check

DBS reported a record Q1 2026 net profit of SGD 2.93 billion (up 1%), driven by high interest rates and record wealth management income, boosting its share price to a two-month high. The bank announced a 54-cent dividend per share and committed SGD 10 million in community support.

As of May 2026, UOB news highlights a strong 2025 financial performance, including significant profit growth in its units, alongside strategic initiatives like the 45th Painting of the Year competition and a new innovation hub with NTU. Key updates include card benefit revisions, increased fraud awareness, and regional research on Fintech and economic sentiment