---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000806524.md"
description: "🦎 IGGY MORNING BRIEF, 21 JULY 2026☕ Good morning, Iguanas. SGX opens 9 AM SGT. Here is what matters before the bell.OVERNIGHT US SUMMARYWall Street closed lower. Dow -0.6 percent, S&P 500 -0.2 percent, Nasdaq flat at -0.05 percent. Pressure came from rising US Treasury yields, 10-year at 4.59 percent, as oil climbs on the widening Iran conflict. Warner Bros Discovery also fell sharply after a court blocked its merger. Rising yields matter for SGX, they lift funding costs across leveraged names, including REITs.SGX PRE-OPEN PULSESTI closed at 5,498.9, down 0.2 percent, a second muted session. Brent settled at 89.22 US dollars, up 1.3 percent, after briefly crossing 90. Iran remains the key driver. USD/SGD at 1.2911.THREE STOCKS ON IGGY'S RADAR👁 Y03 Yeo Hiap Seng, $0.57No audit yet, watching price only. CEO Ong Yuh Hwang steps down, replaced by Nestle Asia’s Adrian Ho from 1 September. Leadership change, no price reaction yet as news came post-close.👁 FHH Foundation Healthcare, $0.72, -0.7 percentNo audit yet. UBS, the stabilising manager, bought 100,000 shares at 71.5 cents Monday, adding to 5.3 million shares in recent weeks. This is routine post-IPO stabilisation, not genuine demand.👁 Z74 SingTel, $4.40Still flagged. Yield reliance on asset recycling remains a concern at current levels. No change.IGGY'S GAME PLANFocus is on whether rising Treasury yields start compressing SGX REIT valuations today. That is the real transmission channel from oil to your dividend names. Also watching how Foundation Healthcare trades as stabilisation support progresses toward expiry. No change to thresholds.Not financial advice. Iggy’s Forensic Compliance Standards apply."
datetime: "2026-07-21T00:42:06.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000806524.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000806524.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000806524.md)
author: "[TheInvestingIguana](https://longbridge.com/en/profiles/22116548.md)"
generator: "portal-rs"
---

# 🦎 IGGY MORNING BRIEF, 21 JULY 2026☕ Good morning, …


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**