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$Daiwa Hse Log Tr(DHLU.SG)DHLU remains attractive for income investors, supported by its latest cash distribution of S$0.0182 per unit and an annualized dividend yield of around 8%+. The trust continues to benefit from a portfolio of stable logistics and warehouse assets, backed by strong occupancy levels, recurring rental income and resilient cash flow, providing investors with a defensive source of income despite ongoing interest-rate uncertainty.

Softer U.S. CPI and flat PPI data have also improved sentiment towards REITs and income-focused stocks as expectations for lower interest rates gradually build.

For income investors,DHLU remains one of the more attractive dividend plays on SGX while waiting for potential capital appreciation.

Markets rallied on softer inflation, but earnings reactions were mixed.Market Participants are increasingly looking beyond headline results.

Reddit jumped on its S&P 500 inclusion, while Cisco fell despite record revenue and strong results. In Singapore, CDL and OCBC impressed, while Yangzijiang slipped despite reporting record profit.

Look beyond the headline numbers.Future growth, margins, guidance and valuation are ultimately shape the market’s next move.

$UMS(558.SG)UMS delivered a strong 2QFY26 performance, with net profit surging 90% YoY to S$19.8 million and revenue rising 29% YoY to S$87.1 million.

Growth was driven by continued strength in its semiconductor business, with semiconductor revenue up 28%, while aerospace revenue jumped 59%. The company also declared a 1 cent interim dividend and expects to remain profitable in FY2026.

The results highlight how UMS continues to benefit from the AI and semiconductor investment cycle. A supportive U.S. CPI and PPI backdrop also helps sustain positive sentiment toward semiconductor and technology stocks.

UMS continues to execute well, supported by strong earnings growth, healthy semiconductor demand, capacity expansion in Penang and Vietnam and a supportive AI market environment. While semiconductor cycles can be volatile, the longer term outlook remains constructive

AI infrastructure demand remains strong, and Cisco’s post-earnings pullback shows that strong earnings may not be enough when expectations and valuations are already high. AI trend remains fundamentally bullish, while rising Treasury yields and the need to translate AI spending into sustainable revenue and cash flow make selectivity and risk management increasingly important.Watching AI semiconductor and infrastructure stocks closely, with tonight’s US PPI potentially influencing rate expectations and yields.

$SoFi Tech(SOFI.US)SoFi remains constructive as strong Q2 fundamentals and a supportive macro environment continue to strengthen the long-term outlook. The recent consolidation around $18 appears more like profit taking than a deterioration in fundamentals.

Q2 results were strong:

• Revenue $1.21B, +42.5% YoY

• EPS $0.12 vs $0.11 expected

• Net margin 14.78%

• Strong loan originations and improving profitability

• FY2026 EPS guidance $0.60

The July CPI result of 3.4% headline and 2.5% core was also supportive. While the numbers were in line with expectations rather than a major downside surprise, they reduce the risk of a renewed inflation shock and remain constructive for rate sensitive fintech stocks.

Technically, SOFI is holding around its 200-day moving average near $18, while the 50-day moving average is around $17.45. This keeps the short term structure constructive

AI demand remains strong, but markets are becoming more selective as rising capex, valuations and cash-flow concerns shape the next phase of the AI trade.

SG upgraded GDP outlook keeps the market environment supportive, particularly for banks and companies linked to AI, infrastructure and manufacturing. Stronger AI demand, electronics and precision engineering activity continue to support growth.

Market participants are closely monitoring interest rates, inflation, valuations and upcoming corporate earnings for potential risks.With the STI near record highs, investors may want to stay selective and look for opportunities on pullbacks rather than chase the rally

$Keppel(BN4.SG)Keppel continues to show a constructive trend, holding around the S$11.10 level as investors remain positive on its transformation into an asset-light infrastructure and asset management platform. The company’s growing exposure to AI data centres, power infrastructure and connectivity provides strong long-term growth potential, while its data-centre powerbank has expanded to more than 1GW.

Fundamentally, Keppel continues to benefit from asset monetisation, growing recurring fee income and capital recycling. Its shift towards infrastructure, data centres and asset management could improve earnings visibility while reducing reliance on traditional capital-intensive businesses.

📊 With AI infrastructure demand remaining strong and Keppel continuing to execute on its growth strategy, the medium-term outlook remains positive.Hold at current levels and look for opportunities to accumulate on pullbacks towards S$10.80–11.00. A sustained break above S$11.30–11.50 could signal another leg higher.

Global markets remain bullish, with weaker-than-expected US jobs data boosting rate-cut hopes and pushing the S&P 500 and Nasdaq to record highs.

Singapore's STI extended its winning streak to nine weeks, supported by strong bank earnings and continued DBS momentum

Market participants now turn to upcoming CPI data and tech earnings for the next major catalysts, while inflation and rate expectations remain key risks

$UMS(558.SG)UMS continues to trade with a constructive outlook as the semiconductor equipment sector benefits from rising AI infrastructure investment and improving industry demand.Recent earnings showed resilient profitability, healthy cash generation and a strong balance sheet, allowing UMS to continue rewarding shareholders with attractive dividends. While semiconductor demand remains cyclical, structural drivers such as AI, advanced packaging and data centre expansion continue to support long-term capital expenditure.

UMS is consolidating after its recent rally. As long as the stock holds above key support levels, the overall uptrend remains intact, with investors watching for a breakout on stronger volume.Investors may consider accumulating during periods of weakness while monitoring upcoming semiconductor demand trends and customer order momentum

Singapore equities remained strong as DBS, OCBC and UOB delivered better than expected earnings, pushing the STI to fresh record highs. Solid bank fundamentals and shareholder returns continue to support market sentiment.

US markets were mixed as SpaceX climbed despite its US$100 billion share unlock, supported by strong retail buying. Investors remained focused on earnings, favouring companies with strong guidance while weighing on those with weaker outlook

Global sentiment remains constructive, supported by strong corporate earnings. Markets are now watching the US July Non-Farm Payrolls report and next week's CPI for the next market catalyst.

$Daiwa Hse Log Tr(DHLU.SG)DHLU is quietly strengthening its investment case as a defensive dividend REIT. Falling oil prices, easing inflation expectations and the prospect of lower interest rates are improving sentiment toward Singapore REITs, particularly logistics assets.

DHLU continues to benefit from high occupancy, resilient logistics demand, quality tenants and stable recurring income. With easing rate expectations and long-term e-commerce growth supporting the sector, the REIT remains well-positioned for sustainable distributions and gradual valuation recovery. Investors may consider accumulating on weakness for long-term income

📈 Strong fundamentals, supportive logistics demand and a more favorable interest-rate outlook could drive both sustainable dividends and gradual price appreciation over the medium term

STI remains supported by strong bank earnings and resilient Singapore fundamentals. DBS's record earnings and total income above S$6 billion reinforce that companies with strong fundamentals and disciplined execution continue to earn investor confidence.

Gold's rally reflects ongoing caution over geopolitical risks and interest rates

SpaceX's selloff shows investors are becoming more selective about AI spending.Stay focused on quality businesses with strong earnings, healthy cash flow and long term growth.

$Singtel(Z74.SG)Singtel eased today as investors continued to take profits after its recent strong run, while market attention shifted toward the upcoming Singapore bank earnings. The decline appears driven more by sentiment than any deterioration in the company’s fundamentals.

The long term outlook remains intact. Singtel continues to benefit from resilient telecom earnings, improving contributions from regional associates and growing AI and digital infrastructure exposure through Nxera. Potential value unlocking initiatives, including Optus related developments, also remain supportive over the longer term.

With lower oil prices easing inflation concerns and interest rate expectations stabilizing, defensive dividend stocks like Singtel could regain investor interest.

📊 As long as support holds, the current pullback could be viewed as healthy consolidation rather than a reversal of the longer term uptrend. Investors will be watching the next earnings update and any progress on strategic initiatives for the next catalyst

SG Market - Earnings Week for Singapore Banks - STI remains in a healthy uptrend despite recent consolidation, with this week's earnings from DBS, OCB, and UOB expected to set the tone for the market's next move.

Strong results and optimistic guidance could reignite bullish momentum and push the index to fresh highs.

Meanwhile, easing oil prices and resilient global market sentiment continue to provide a supportive backdrop for equities. Investors should watch for a decisive breakout above key resistance levels while maintaining disciplined risk management in the event of earnings related volatility.

SpaceX impressed with surging revenue but sold off on massive capex, while AMD beat estimates but declined on weaker margins. Markets continue rewarding growth with disciplined spending

$UMS(558.SG)UMS continues to benefit from improving sentiment across the semiconductor sector as AI infrastructure spending remains strong. Recent earnings from Microsoft, Amazon and Palantir reinforce that hyperscalers are continuing to invest heavily in AI data centres, supporting long-term demand for semiconductor equipment.While near-term industry demand remains mixed, UMS is well-positioned through its close relationship with Applied Materials and its exposure to wafer fabrication equipment. The recovery in AI memory, advanced packaging and chip manufacturing should gradually support order momentum into 2027.

Key catalysts include AI data centre expansion, a recovery in WFE spending, strong AI-driven semiconductor equipment demand, improving customer orders and an attractive dividend yield.

UMS remains a quality semiconductor equipment play with solid fundamentals, healthy dividends, and long term AI exposure

* AI remains the market's key growth driver, with strong results from Palantir, Microsoft, Meta and Amazon validating the AI investment theme.Despite recent profit taking in memory stocks, the long term AI infrastructure outlook remains positive.

* Singapore's manufacturing activity has reached its highest level since 2018, signaling improving economic momentum. Market participants are watching DBS' earnings this Thursday as a potential catalyst for the STI.

* Market sentiment remains constructive, supported by easing inflation, lower oil prices, resilient economic data and strong corporate earnings, despite expected short term volatility

$SoFi Tech(SOFI.US)SoFi continued to show resilience today, rebounding after recent earnings volatility as investors refocused on the company’s long-term growth. Despite cautious guidance weighing on sentiment initially, buying interest returned as the market recognized SoFi’s strong execution and improving fundamentals.

Fundamentally, the story remains compelling. SoFi delivered another record quarter with 40%+ revenue growth, record loan originations, expanding membership and raised its full-year revenue outlook. The company continues to evolve beyond lending into a diversified digital financial platform, supported by growing fee-based businesses and a stronger banking franchise.

Short-term volatility is expected after earnings, but the long-term trend remains constructive. If SoFi continues to execute and deliver consistent growth, pullbacks may provide opportunities for investors looking to build positions rather than reasons to panic.