Venture

DBS, SGX, Venture, OCBC, UOB all beating and pushing STI to fresh highs shows real earnings power, not just beta. Banks printing, exchange volumes up, tech manufacturing solid — that’s a clean sweep. SpaceX absorbing a $100B insider unlock and still rising on retail call buying proves risk appetite isn’t dead. Even with storage names selling off and oil reversing, money is rotating into quality cash flows.

I’m looking forward to the SGX and Venture results. Strong corporate earnings could provide fresh catalysts for Singapore equities, especially if global macro conditions remain supportive over the coming weeks.

Looking ahead, Cloudflare and Airbnb earnings could shape tech sentiment, while SGX and Venture results may influence Singapore markets this week.

MAS’ latest tightening supports a stronger Singapore dollar. Beneficiaries include importers and consumer names like Sheng Siong (OV8), Dairy Farm (D01) and SIA (C6L). Exporters such as Venture (V03) and UMS (558) may face currency headwinds from reduced export competitiveness.

🦎 IGGY MORNING BRIEF, 17 JULY 2026 ☕

Good morning, Iguanas! SGX opens at 9 AM SGT. Here’s your sharp, no-hype pre-bell briefing.

BREAKING THIS MORNING 

Singapore’s key exports jumped 20.7% YoY in June — solid headline, but it missed forecasts. AI-led electronics carried the load, yet even that engine is showing early signs of slowing momentum. Real growth, yes… but worth watching closely as we head into today’s session. Not panic time — just smart context.

OVERNIGHT US SUMMARY 

Wall Street had a rougher night. Nasdaq slid 1.48%, dragged by megacap AI and semiconductor names despite decent earnings. S&P fell 0.51%, Dow dipped 0.20%. VIX ticked higher and Brent eased to US$84.23. Combined with our export miss, the big question: Is the AI/semiconductor story cooling on both sides of the Pacific?

SGX PRE-OPEN PULSE 

STI closed at 5,539.4 yesterday. Pre-open is flat so far — no early signals.

WHAT I’M WATCHING TODAY 

AI-adjacent names like AEM, UMS, Frencken, and Venture (strong Thursday movers) face a real test at the open. US weakness + softer export data point the same way. Is this the start of a demand slowdown or just short-term noise?

IGGY’S GAME PLAN 

Pure watch-and-confirm mode today. Weak open in semis + continued export softening could signal a genuine rotation. If SGX decouples and shrugs it off, the market is still pricing in resilience. Let the numbers pile up before conclusions — that’s how we protect CPF/SRS portfolios.

Stay sharp, stay forensic. Trade safe!

1. Fed/Warsh hawkish dot plot

Fed’s right to stay hawkish with sticky services inflation, but hiking into a 2026 slowdown risks overtightening. Watch jobless claims — cuts likely late 2026 if CPI cools.

2. SpaceX dip post-IPO run

Healthy pullback after +42% IPO pop and brief Amazon flip. Starship + Starlink moat still underpriced. I’d buy this dip if your horizon is 3+ years, not 3 weeks.

3. SG NODX + AI memory supercycle

UMS, AEM, Venture, Frencken actually benefit from chip equipment + precision mfg. Supercycle sustainable medium-term on HBM demand, but NODX is lumpy — take profits on spikes.

$Venture(V03.SG)hi im new

TSMC will hold a board meeting in Tainan, south Taiwan Aug. 11-12, with topics likely to include the 2nd quarter dividend, seen no less than NT$5; the 2nm tech leak; the timeline of 2nm capacity expansion; US tariffs and rumors of a possible Intel venture (Intel Chairman’s reported hope of spinning off Intel’s manufacturing as separate firm or sell to TSMC). $Taiwan Semiconductor(TSM.US) $Intel(INTC.US) #semiconductors

Source: Dan Nystedt