Feb 2026 Portfolio Update

Feb 2026 Portfolio Performance: A loss of SGD 2000, representing a 0.4% loss.

2026 Dividends: Accumulated SGD 5000 dividends year-to-date.

In February 2026, anxiety surrounding AI is dominating the stock market. Top enterprises feel compelled to invest heavily in AI to avoid being displaced by competitors, yet these investments may not generate meaningful income in the near term.

Many industries face genuine threats from AI. Simple software services could be replaced entirely, and SaaS companies may see revenue decline as AI reduces the demand for manpower. However, while the fear is real, I should not reject AI; instead, I must embrace it.

The Hang Seng TECH ETF's $Lion-OCBC Sec HSTECH S$(HST.SI)$ current P/E ratio is around 16, offering a safety margin for long-term investors. Companies like Alibaba $Alibaba(BABA)$ could emerge as future AI leaders.

My core portfolio remains focused on Singapore and Hong Kong dividend stocks: REITs$NikkoAM-STC Asia REIT(CFA.SI)$ , Banks, Consumer Staples, Telecom, and Utilities. Their dividends are expected to remain stable, as these sectors are largely immune to AI disruption. I anticipate the market may rebalance, rotating from growth technology into these defensive sectors.

SaaS Miss Sparks Selloff: Start of Deeper Software Correction?

Salesforce reported Q4 revenue of $11.2 billion, up 12% YoY, its fastest growth in two years, beating expectations. However, FY2027 revenue guidance of $45.8–46.2 billion was slightly below the $46.06 billion consensus. C3.ai announced it will lay off 26% of its global workforce as part of a restructuring plan under new CEO Stephen Echegoyen. CoreWeave hit $5B annual revenue, with backlog (incl. RPO) surging to $66.8B, up 3x YoY. For 2026, capex is set at $30B+—at least triple 2025—while ARR could reach $19B by year-end. Shares fell over 10% after hours.

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Feb 2026 Portfolio Update

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