🦎 IGGY MORNING BRIEF, 16 JULY 2026

SGX opens 9 AM SGT. Here is what matters before the bell.

OVERNIGHT US SUMMARY

A constructive Wall Street session. Dow +0.29%, S&P +0.38% as cooler producer prices and strong bank earnings supported a steadier Fed outlook. VIX eased to 15.67. Brent held flat at 84.95 after recent gains, suggesting stabilisation. Nasdaq figure still being verified against a second source.

SGX PRE-OPEN PULSE

STI closed at 5,559.7 on 15 July, extending its record run after a 1.17% gain. USD/SGD at 1.2879. With US bank momentum intact, watch if SGX financials extend yesterday’s strength at the open.

THREE STOCKS ON IGGY’S RADAR

Using last closing prices, no pre-open quotes available.

558 UMS Integration, 2.680, +4.69%

Still tied to the AI semiconductor thesis flagged earlier this week. Key question is follow-through, not one-day strength.

D05 DBS, near record levels

RHB raised target with ~5% yield at that level, above my current tracking. The gap in yield assumptions is worth examining.

5E2 Seatrium, 2.010, +1.52%

Remains weakest in my tracking with sub-floor yield and thin cash conversion. Price action has not changed that.

IGGY’S GAME PLAN

Watching if the bank-led rally extends into a third session and whether semiconductor names can hold gains. Brent stabilising is a small positive if it persists. Let the first hour settle before forming conclusions.

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