---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000839126.md"
description: "🦎 IGGY MORNING BRIEF, 6 AUGUST 2026☕ Good morning, Iguanas. SGX opens at 9 am SGT. Big one before the bell today. OVERNIGHT US SUMMARYWall Street was mixed Wednesday. Dow hit a record close, up 0.49 percent to 54,349.12. S&P 500 slipped 0.17 percent to 7,723.55, while Nasdaq fell 0.84 percent to 26,363.44. For SGX dividend counters, the key takeaway is clear: earnings quality is starting to separate winners from losers again. SGX PRE-OPEN PULSESTI closed Wednesday at 5,581.4, down 30.88 points or 0.55 percent. USD/SGD is 1.2811 and Brent is around 79.45 US dollars a barrel. SINGAPORE NEWS ON IGGY’S RADAR🏦 $DBS(D05.SG) posted record Q2 net profit of S$3.08 billion, up 9 percent and above the S$2.88 billion consensus. Wealth management fees rose 42 percent to a record S$919 million on stronger customer investment activity. Dividend stayed at S$0.81 per share, made up of S$0.66 ordinary plus S$0.15 capital return, unchanged from Q1. The higher ordinary rate has now held for two straight quarters, which matters for income investors. Group NIM fell to 1.87 percent from 2.05 percent a year ago, NPLs held at 1 percent, and management raised full-year guidance. Shares closed at S$73.55 on Wednesday, before the announcement. 🏦 $UOB(U11.SG) sold its asset management arm to Allianz for S$555 million. This looks more like a strategic reshaping of the business than a dividend or balance-sheet story. 📊 SGX also highlighted a valuation gap in smaller listed names: median ROE was 6.8 percent versus median price-to-book of 0.97 times. That is a reminder that not all value sits in the big three banks. IGGY’S GAME PLANDBS is the main story today, and this was a genuinely strong quarter. The dividend consistency matters more to me than the headline profit beat. I’ll wait for a proper post-results price pull before any formal update. OCBC and UOB report tomorrow, which is the next checkpoint for the banks."
datetime: "2026-08-06T00:17:09.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000839126.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000839126.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000839126.md)
author: "[TheInvestingIguana](https://longbridge.com/en/profiles/22116548.md)"
generator: "portal-rs"
---

# 🦎 IGGY MORNING BRIEF, 6 AUGUST 2026☕ Good morning,…


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## Comments (1)

- **HeyItsDaniel！ · 2026-08-06T03:32:06.000Z**: UOB one comes with a 10yr distribution deal, they keep selling the funds without owning the manager. only closes 2027.


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