To The Moon

A huge thank you to Jonathan Lo and the Tiger Brokers (Singapore) $Tiger Brokers(TIGR)$ team for bringing their Q3 Markets Commentary to our investors!

Jonathan walked us through the macro landscape dominating this quarter—oil-driven rate volatility, persistent inflation, geopolitical risks, and the evolving AI cycle driving global earnings resilience. With nearly 20 years of practical trading and multi-asset experience, his insights on macro-directed long-short strategies were incredibly timely.

Read full sumarize>> Beyond the AI Hype: Positioning for Q3 Volatility, China Policy Shifts & Singapore Stability

Key Messages:

• Navigating Q3 Volatility: How Interest Rates, Oil, and Geopolitics Shape Your Portfolio

• Is the AI Trade Exhausted? Understanding Sector Rotation and Smart Capital Flows

• Beyond US Borders: Singapore in a Fragmented World

Disclaimer：

The content presented herein is for educational and informational purposes only. The tickers provided by editor was only for education back up.

It does not constitute financial advice, investment recommendations, an offer to buy or sell, or a solicitation of any offer to buy or sell any securities or financial instruments.

Geographic Diversification in an Era of Policy Divergence

While US markets dominate headlines, savvy investors are looking abroad for opportunities and stability. Two markets worth understanding are China and Singapore—each offering distinct risk-reward profiles.

China: Current Policy Priorities

China's the market offers nuances worth examining. Chinese policy operates on longer time horizons than Western markets, with five-year plans providing directional clarity on where state resources and regulatory support will flow.

Advanced technology and manufacturing (including EVs and robotics)

Domestic consumption stimulus

Artificial intelligence and "physical AI" (robotics, automation)

The Demographic Angle: China, like many developed nations, faces an aging population. This creates structural demand for healthcare services, elder care, and medical devices—a secular trend that transcends short-term economic cycles.

Investor Consideration: China is a policy-driven market. Its better to align your research with stated strategic priorities. However, be mindful of access limitations, regulatory risks, and the distinction between market share leadership and actual profitability.

Singapore: The Safe Haven with Infrastructure Tailwinds

Singapore has increasingly been viewed as a "safe haven" within emerging Asia, supported by:

• Strong sovereign credit ratings

• Stable political and regulatory environment

• Mega infrastructure projects providing multi-year economic support

Sector Opportunities: The construction and real estate ecosystem benefits from sustained government infrastructure spending. However, note that construction earnings can be "lumpy"—concentrated around project milestones rather than smooth quarterly growth.

A Simple Screening Framework for Dividend Investors

For those interested in Singapore's income-oriented market, consider this filtering approach:

1. Profitability: Net margins above 10% (indicates pricing power and cost control)

2. Income: Dividend yields above 4% (but verify sustainability)

3. Stability: Consistent earnings track record and manageable debt levels

4. Macro Linkage: Does the business benefit from national priorities (e.g., infrastructure, financial services)?

Critical Caveat: Screeners are starting points, not buy recommendations. Always conduct fundamental analysis and technical review before committing capital.