☕️ [Task Coins Giveaway] Daily Market Talk

Midday update: NVDA is now within striking distance of US$6 trillion (+5.5% to a fresh ATH, +20% over 7 days), and Cerebras blew through its IPO at +68% on Day 1 — the biggest US listing of 2026. The Trump-Xi summit closed with a 3-year strategic framework, a 200-Boeing-jet order and "tens of billions" in agricultural commitments on the way. Locally, SGX April turnover +6% on retail momentum, while SIA's H2 net profit halved (Vistara one-off rollback) and First Resources Q1 surged +53% on palm-oil tailwinds.

💬 Today's 3 Big Questions

NVDA approaching US$6T (+20% in 7 days) + Cerebras IPO +68% Day 1 + Cisco +13% + Wolfspeed/Nova/UMC all double-digit. The AI capex chain is going parabolic, and Futu disclosed Trump traded US$750m in a single quarter with NVDA + AAPL as heaviest positions. Pile in on the multi-name confirmation, or trim into peak euphoria? Pick a side.
Trump-Xi delivered: 3-year strategic framework, 200-Boeing-jet order, "tens of billions" in agriculture, and the Senate Banking Committee just passed the CLARITY Act for crypto regulation. Plus Anthropic closed US$30bn at US$900bn. Is the US-China + regulatory environment shifting decisively pro-AI/pro-tech, and does that reframe long-term tech allocation versus SG banks?
SG mid-caps are bifurcating violently this season: First Resources Q1 +53% (palm oil + Iran tailwind), CSE Global Q1 revenue +29% (data-centre demand), SIA H2 net −53.6% (one-off rollback), Marco Polo Marine just announced a S$139m RTO. Cherry-pick the cycle winners, stay broadly indexed, or rotate into the structural beneficiaries (palm oil, data-centre infra)?

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⏰ Deadline: May 15, 2026, 11:59 PM (SGT)

📊 Quick Market Recap

🌍 Global Macro & Markets

Trump-Xi summit closed: 3-year strategic-stability framework; 200-Boeing-jet order; agricultural deal "tens of billions" in size; Iran/Hormuz framed as a continuing concern.
Senate Banking Committee passed the CLARITY Act — material crypto regulatory framework progress.
Anthropic reportedly closed US$30bn funding at US$900bn valuation.

🇺🇸 US Markets: AI Parabolic + Cerebras Blockbuster IPO

📈 S&P 500 +1.85%, Nasdaq fresh ATH, tech led; SOX +1.03%, Energy +0.77%.
NVIDIA (NVDA) — +5.52% to fresh ATH; market cap nearing US$6 trillion; +20% over 7 days.
Cerebras (CBRS) — IPO Day 1 +68.15% to US$311.07; the largest US listing of 2026.
Cisco (CSCO) +13.41%, Wolfspeed +11.76%, Nova +10.42%, UMC +7.6% — AI capex chain ripping across silicon, optical, foundry.
Figma (FIG) — Q1 revenue US$333m (+46% YoY) on AI-driven design demand; stock up afterhours.
Futu data: Trump's brokerage activity hit US$750m in a single quarter, with NVDA and AAPL as heaviest positions.
Coinbase / Crypto stocks — bid post Senate CLARITY Act passage.
Papa John's +11% AH; Rumble −12% AH.

🇸🇬 Singapore Markets

📈 STI near 5,000; OCBC Research target 5,250.
SGX April monthly report: total securities turnover +6% YoY to S$43.2bn; SDAV +6% to S$2.1bn; derivatives volume +1% to 30.2m contracts; small/mid-caps led equities momentum with SDAV +8% MoM.
Singapore Airlines (C6L.SG) — H2 net profit halved to S$945.5m (vs. S$2bn YoY); −53.6% decline almost entirely driven by absence of the one-off S$1.1bn non-cash gain from Vistara disposal in prior period. Shares closed −0.2% at S$6.27 pre-print.
First Resources (EB5.SG) — Q1 net profit +53.1% to US$96.6m; sales +70.4% to US$477.2m on stronger production + third-party purchases of FFB and palm oil products. Shares +3.5% at S$3.81.
CSE Global (544.SG) — Q1 revenue +29.1% to S$265.2m; order intake +74.6% to S$271.2m driven by data centre demand. Shares +3.1% at S$1.69.
NetLink NBN Trust (CJLU.SG) — H2 DPU +1.1% to S$0.0271; revenue +2.1% to S$206.3m on government project completions. Shares flat at S$1.02.
Marco Polo Marine (5LY.SG) — H1 net profit +9% to S$11.6m on ship chartering revenue +38%; announced proposed RTO by Catalist-listed Fuji Offset Plates for S$139m (acquiring Marco Polo shipyard + MP Marine). Shares +2.3% at S$0.18.
ThaiBev (Y92.SG) — H1 profit −3.2% to 14.2bn baht on impairment; underlying profit +8.5% to 16bn baht.
DBS — dividend payment in 5 days (~May 20): 66c interim + 15c capital-return special = 81c total.

📅 Key Events Tonight / This Week

🇸🇬 DBS dividend payment — ~May 20
🇸🇬 Singapore Q1 GDP final release — May 26
🇸🇬 Valuetronics FY results — May 28
🇸🇬 CityDev strategic review — end-June

Disclaimer: For reference only, not investment advice.