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🦎 IGGY MORNING BRIEF, 13 JULY 2026

☕ Good morning, Iguanas. SGX opens at 9 AM SGT. Here is what I am watching before the bell.

OVERNIGHT US SUMMARY

Wall Street closed modestly higher Friday. Dow +0.29 percent, S&P 500 +0.42 percent, Nasdaq +0.29 percent. A strong Nasdaq debut from chipmaker SK Hynix lifted AI sentiment and offset hawkish Fed signals. The VIX eased, pointing to a calmer start to the week. For SGX dividend counters, this is constructive but not a catalyst.

SGX PRE-OPEN PULSE

STI last closed at 5,469.29, capping one of the strongest weeks for local banks in months. Overnight signals lean constructive but with caution given Fed tone. USD/SGD at 1.2929. Brent at 76.01, down 0.38 percent.

THREE STOCKS ON IGGY'S RADAR

👁 O39 OCBC Bank, +0.40% to $27.43

Closed higher again on continued volume. This is a capital strength call, not a yield call. At current prices, trailing yield does not clear my minimum hurdle. Income case improves on price pullback or dividend uplift.

👁 D05 DBS, +0.31% to $70.45

Another quiet gain, extending a strong run. One or more thresholds not met at current levels, price has outpaced payout. Capital position remains strong based on latest results.

👁 U11 UOB, +0.09% to $44.38

Smallest move Friday, still near weekly highs. Full assessment pending August 7 earnings. Capital position solid at last reading. Waiting for updated numbers.

IGGY'S GAME PLAN

Watching if the bank rally sustains or cools after a strong week. Monitoring Fed signals for any shift in funding costs locally. Watching Brent, as stable oil caps downstream cost pressure. No change in view on the three names until UOB earnings or a meaningful shift in price versus payout.

Not financial advice. Iggy's Forensic Compliance Standards apply.