DBS Research Is Watching These 9 SGX Stocks for a July Rally. Here Is What They Said 🦖 Everyone is staring at the World Cup schedule, but DBS quietly pointed at something else, how nine big SGX names tend to move when the football ends and the dividend cheques start lining up. The part that caught my eye is not just the list of OCBC, Singtel, Venture, Sembcorp, CDL, UOL and the three CapitaLand and Mapletree REITs, it is the way DBS links June’s distraction to a July rally built on ex‑dividend dates and 2H26 catalysts. That is the sort of setup where a quiet trading screen hides a very noisy story in your retirement income.

Why Most IPOs Will Disappoint You 🦖 Most people look at a roaring IPO and think “I missed the best investment of my life”. I look at the same chart and ask a different question, who was selling into that excitement, and what did they know that you did not. The uncomfortable truth from decades of data, and from names like SpaceX and JustCo, is that the pop belongs to insiders, the lag often belongs to retirees. If you are managing CPF or SRS, the real danger is not one bad trade, it is two years of underperformance versus the boring index while you were holding an exciting story at the wrong price. That gap, 20 or 30 percentage points, is what quietly changes your retirement income. This episode is my forensic walk through why most IPOs mathematically cannot all be “once in a lifetime”, and

Why Most IPOs Will Disappoint You 🦖 Most people look at a roaring IPO and think “I missed the best investment of my life”. I look at the same chart and ask a different question, who was selling into that excitement, and what did they know that you did not. The uncomfortable truth from decades of data, and from names like SpaceX and JustCo, is that the pop belongs to insiders, the lag often belongs to retirees. If you are managing CPF or SRS, the real danger is not one bad trade, it is two years of underperformance versus the boring index while you were holding an exciting story at the wrong price. That gap, 20 or 30 percentage points, is what quietly changes your retirement income. This episode is my forensic walk through why most IPOs mathematically cannot all be “once in a lifetime”, and

Three S-REITs I Am Watching as Singapore Dividend Scene Heats Up 🦖 If SORA has finally given your REITs breathing room, why are so many balance sheets still one bad year away from becoming a yield trap? Looking at three of the most heavily traded industrial names side by side, the tension is simple, the same low-rate tailwind can either be used to quietly repair debt or to paper over structural problems that will eventually land on your CPF and SRS. For a Singapore investor living on distributions, the difference between those two choices shows up in one place, the real interest coverage multiple behind each trust’s payouts. This episode walks through Mapletree Industrial Trust, CapLand Ascendas REIT and Frasers Logistics and Commercial Trust using only verified yield, debt and coverage da

Three S-REITs I Am Watching as Singapore Dividend Scene Heats Up 🦖 If SORA has finally given your REITs breathing room, why are so many balance sheets still one bad year away from becoming a yield trap? Looking at three of the most heavily traded industrial names side by side, the tension is simple, the same low-rate tailwind can either be used to quietly repair debt or to paper over structural problems that will eventually land on your CPF and SRS. For a Singapore investor living on distributions, the difference between those two choices shows up in one place, the real interest coverage multiple behind each trust’s payouts. This episode walks through Mapletree Industrial Trust, CapLand Ascendas REIT and Frasers Logistics and Commercial Trust using only verified yield, debt and coverage da

DBS Says BUY Singapore Exchange. The Forensic Numbers Say Something Else🦖 SGX’s balance sheet looks like a fortress, but the dividend cheque landing in your CPF or SRS account tells a very different story. At a market peak, the institutions are cheering record trading volume and a 34-times forward multiple while the actual yield has quietly collapsed to 1.6 percent, below your CPF Special Account. When the operator of the whole market pays less income than the system designed to protect your retirement, something fundamental has broken in the story retail investors are being sold. 📺 YouTube: https://youtu.be/DCmEXYpm5OE 📩 Substack: https://investingiguana.com/p/dbs-says-buy-singapore-exchange-the

The Ringgit Is Sliding. Here Is What It Means for Your Singapore Portfolio 🦖 Everyone is cheering that one Singapore dollar now buys more plates of JB seafood, but almost nobody is talking about what that same ringgit slide does to their dividend cheques back home. When a currency weakens, the operations across the Causeway can look perfectly fine, yet the cash that actually lands in your Singapore bank account silently shrinks, quarter after quarter. That invisible translation hit is what I wanted to flag before it shows up as a “mysterious” DPU disappointment. 📺 YouTube: https://youtu.be/kbFWZBnBkZY 📩 Substack: https://investingiguana.com/p/the-ringgit-is-sliding-here-is-what

Singapore REITs Just Got a Tailwind Nobody's Talking About, A Forensic Scorecard🦖 For two years everyone repeated the same story, that SINGAPORE REITS were heading for a brutal “refinancing cliff”. The latest filings show something far stranger, conservative balance sheets are now replacing old loans that cost up to 2 percentage points more than what the same debt would cost today, even as headlines keep talking about “rate pain”. The market is still trading yesterday’s fear, while the debt schedules quietly turn that fear into an earnings tailwind for the few managers who kept discipline. If your CPF and SRS income depends on SINGAPORE REITS, that gap between old and new borrowing costs is the difference between a surprise DPU cut and a payout that quietly holds. A REIT like Lendlease Glo

The World’s Most Cautious Investor Just Described Your SGX Portfolio 🦖 Everyone is staring at US tech charts and arguing about whether the AI boom is a once-in-a-generation opportunity or a classic bubble. What almost no one talks about is that Jeremy Grantham, the same guy who called the dot-com crash and 2008, is now telling global investors to get out of crowded US tech and into income assets outside America, while you already sit on a guaranteed CPF anchor most of them would kill for. The “boring” SGX income portfolio you feel embarrassed about is almost exactly what one of the world’s most cautious investors just described on a global stage. For a Singapore investor trying to protect CPF and SRS, the tension is simple, every extra dollar you push out of your 4 percent CPF floor into e

Everyone in that room heard the same thing, “S-REITs are a screaming buy again,” and most walked out thinking higher yield means safer income. I walked out thinking the opposite, the 390 basis point spread is real, but the way the pros want you to act on it looks like a trading game dressed up as retirement comfort. The ETF wrapper, the 6 percent “indicated yield,” the buy the dip playbook, all of that works beautifully if you are running a book, not if you are trying to fund your next 20 years of CPF and SRS withdrawals. 📺 YouTube: https://youtu.be/zKiiCKnj_Jc 📩 Substack: https://investingiguana.com/p/the-inflation-surprise-the-reit-recovery

Everyone feels safer when their portfolio screen is full of familiar Singapore names, especially when banks, REITs and telcos are all flashing green together. What almost no one realises is that those “different” counters can still be marching to the same drumbeat, all leaning on the same interest rate and property engine that keeps the local market humming. 📺 YouTube: https://youtu.be/ZU4Tj6rCcKs 📩 Substack: https://investingiguana.com/p/familiarity-is-not-diversification

Everyone is staring at the Temasek-backed label and the billion dollar headline, but what caught my attention is what income investors are not getting for the next two years. A private medical roll-up can look like a safe healthcare play on the surface, until you look at the structure underneath. The whole model depends on continuous acquisitions and consultants staying put, not on a steady cash payout. If a new S$1.0 to S$1.2 billion healthcare IPO is guiding for zero dividends in 2026 and 2027, while a mature peer like Raffles Medical is still paying out around 3 percent, the question for CPF and SRS investors is straightforward: what are you being paid for taking on that extra execution and concentration risk? In this episode I walk through how the roll-up model, the heavy cornerstone a

Three Buy Calls, One Unanswered Question: Angela's CSE Global Analyst Roundup | EP1668🦖 Three brokerages, one stock, and a 46-cent spread in target prices. That is usually the tell that the real question is not the board noise, but which earnings assumption survives the next update. I am watching the part everyone skims past, the strategic review sitting underneath all three Buy calls. CSE Global still had S$716 million in order book and S$271.2 million in 1Q order intake, but the market is pricing the story very differently depending on how fast that pipeline converts. Iggy’s Forensic Zone: NONE. 📺 YouTube: https://youtu.be/qXTJRTfYUog 📩 Substack: https://investingiguana.com/p/three-buy-calls-one-unanswered-question

STI at the Ceiling? | SGX Daily Pulse 23 Jun 2026 | Episode 1669 🦖 Everyone is talking about the STI flirting with record highs, but the tape is moving like a market that has already run out of breath. Price is sitting just under the peak, yet the real action is in the Strait of Hormuz, where shipping lanes and oil flows are still not behaving like “peace time” even as headlines calm down. That gap between what the index shows and what the trade routes are telling us is where I think most Singapore investors are dangerously underweight in attention. 📺 YouTube: https://youtu.be/h1LQ8DBK1Lc 📩 Substack: https://investingiguana.com/p/sti-at-the-ceiling-sgx-daily-pulse

iFAST Corp: Record Profit, S$987.75M Net Cash, So Why Does the Dividend Stay Small? | EP1663🦖 iFAST is sitting on roughly S$1 billion of net cash, yet the trailing yield is stuck around 1.3 percent. That is not a typo, it is the structural outcome of running a digital bank on top of a wealth platform. The same banking engine that makes the business look bulletproof on paper is the reason so little of that profit is actually landing in your pocket as cash. Before you chase the S$12.20 institutional target, I want you to be very clear what kind of return you are really signing up for. 📺 YouTube: https://youtu.be/NDqkD01VsJA 📩 Substack: https://investingiguana.com/p/ifast-corp-record-profit-s98775m

Is UOB's Dividend Still Safe? Auditing the 50% Payout Promise | Iggy Answers Podcast | EP1666🦖 UOB is the rare case where the balance sheet looks like a fortress, but your wallet quietly loses out if you rush in at the wrong price. Everyone is repeating “50 percent payout” and “special dividend,” yet almost nobody is asking whether the ordinary yield at S$39.25 actually clears what your CPF is already paying you with zero drama. That gap between safety and attractiveness is exactly where investors in their 50s get trapped without realising it. 📺 YouTube: https://youtu.be/ng1OYGY6txk 📩 Substack: https://investingiguana.com/p/is-uobs-dividend-still-safe-auditing

Is UOB's Dividend Still Safe? Auditing the 50% Payout Promise | Iggy Answers Podcast | EP1666🦖 UOB is the rare case where the balance sheet looks like a fortress, but your wallet quietly loses out if you rush in at the wrong price. Everyone is repeating “50 percent payout” and “special dividend,” yet almost nobody is asking whether the ordinary yield at S$39.25 actually clears what your CPF is already paying you with zero drama. That gap between safety and attractiveness is exactly where investors in their 50s get trapped without realising it. 📺 YouTube: https://youtu.be/ng1OYGY6txk 📩 Substack: https://investingiguana.com/p/is-uobs-dividend-still-safe-auditing

This Week's Best Stock Was a Forensic Red Flag, Iggy's Weekly Winners & Losers | EP1665🦖 A 16 percent weekly gain on CSE Global is exactly the kind of move that makes a CPF or SRS investor feel like they are missing out, but the cash flow trail tells a very different story. When operating cash turns negative while price races ahead, the market is rewarding a strategic review headline, not a proven ability to keep paying you reliably from real money. The same tension shows up on the losers side too, where a 6 percent drop in Centurion Accommodation REIT sits on top of balance sheet metrics that still clear Iggy's hard gates. For a retirement portfolio, the question is not whether your screen is green this week, it is whether that green reflects businesses that clear the 3.2 percent Fore

The Hidden Electricity Tax Killing Your S-REIT Dividends | Iggy Answers Podcast | Episode 1664🦖 Your SP bill might have gone up by a few dollars, but the real damage from this electricity hike is not at home, it is inside your REITs. When property expenses rise faster than Net Property Income, the “safe” landlord quietly loses pricing power long before your DPU gets cut. That is the hidden electricity tax most income investors never see coming. If a REIT is already sitting near 35% gearing and its interest coverage is drifting toward 4x, even a modest tariff increase can act like a permanent pay cut to your CPF and SRS income stream. The question is simple, are your REITs absorbing these higher utility costs, or are they passing them on to tenants who might not survive the next renewal? I

When Indonesia Bleeds, Which SGX Names Feel It? | EP1661🦖 Everyone is staring at Jakarta’s index, but the real stress test is happening inside SGX names that look “safe” on headline yield. A palm oil counter with plantations in Indonesia and a yard operator with Batam assets do not wear the same currency risk, even though they sit in the same macro storm. The difference is whether your Singapore dollar dividend is powered by US dollar revenue or by rupiah cash flows that are quietly shrinking. If your retirement plan leans on a 4.7 percent hurdle to beat CPF and SRS, you cannot treat all Indonesia exposure as one bucket. One stock clears my forensic filters while another one needs a closer watch.....