🦎 IGGY MORNING BRIEF, 4 AUGUST 2026☕ Good morning, Iguanas. SGX opens at 9 am SGT. Here is what I am watching before th…

🦎 IGGY MORNING BRIEF, 4 AUGUST 2026

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

OVERNIGHT US SUMMARY

Wall Street rallied hard Monday. Dow up 1.32 percent to 53,178.41. S&P 500 up 1.48 percent to 7,600.50. Nasdaq up 2.13 percent to 25,913.90. Brent crude dropped nearly 5 percent after Washington signalled it would hold off on new strikes against Iran, easing inflation worry. For SGX dividend counters, cheaper oil is the more useful signal, it eases cost pressure for fuel-sensitive names more than the tech rally does.

SGX PRE-OPEN PULSE

STI closed Monday at 5,612.3, down 0.29 percent. USD/SGD sits at 1.2828. Brent at 83.77 US dollars a barrel is the number I am watching most closely into the open, a near 5 percent drop is meaningful for anything with fuel or import cost exposure.

SINGAPORE NEWS ON IGGY'S RADAR

Manufacturing PMI came in at 51.4 in July, twelfth straight month of expansion, up slightly from 51.3. Electronics PMI ticked up to 52.4, quiet steady data that supports the case for Singapore's manufacturing base holding up without needing hype. Three REITs go ex-dividend today, CapitaLand Ascott Trust, Mapletree Logistics Trust at 0.834 cents, and ESR-LOGOS REIT at 1.334 cents. If you hold any of these, expect the unit price to adjust down by roughly the distribution amount at open, mechanics not signal. 

IGGY'S GAME PLAN

Cheaper oil and a calmer VIX make for a constructive open, but I am not getting swept up in Wall Street’s mega-cap tech excitement, that rally has very little to do with SGX dividend income. The PMI print is a small positive for the export side. The MAS action is a prompt to check adviser relationships, not just holdings. Nothing here moves my yield hurdle, I am still watching the same names I flagged yesterday.

Not financial advice. Iggy's Forensic Compliance Standards apply