JeremyT

JeremyT

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JeremyT
JeremyT
J
JeremyT

while US megacaps bled on the Fed, STI closed +1.16% at 5176 and OCBC is +18% ytd. the boring bank trade is the quiet winner of 2026

J
JeremyT

S-REITs getting upgraded by UOBKH and DBS, 6.2% yield and rates easing. is this finally the REIT recovery we've been waiting 2 years for?? asking as a tired holder 🥹

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JeremyT

Is Singtel still just a dividend stock, or something more? The quality case is strengthening. A telco with a 4%+ yield, a stable balance sheet, and now genuine exposure to AI-driven data-centre demand through the ST Telemedia deal is a more interesting business than the sleepy dividend payer of a few years ago. The caution is valuation and execution: a US$3.9 billion data-centre deal is large, and the returns depend on the price paid and how it is financed. For a long-term, income-focused investor, Singtel remains a core hold, and the AI-infra angle is a free option that is finally starting to look real rather than promotional.

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JeremyT

Is the STI bull sustainable, or are you buying records? The quality case is real: Singapore banks are well capitalised, pay strong dividends, and benefit from a resilient economy with PMI in expansion. That is a foundation, not a bubble.

 

The caution is valuation and breadth. After a strong run, the banks trade well above their decade averages, and an index carried by a handful of names is more exposed if sentiment turns. For me this is a hold for the dividends and the quality, not a chase at the highs. I would rather add SG blue chips on pullbacks than pay up for a record.