To The Moon

🌟🌟🌟I view the forthcoming Feds Rate cut in September as a positive sign for Singaporeans.  For starters, the home loan rates will start to come down and this could spur another real estate boom.

Another position impact would be felt in the Singapore stock markets especially in the SReits sector.  Just this week several of my stocks and SReits have hit 52 week highs. 

For example $STI ETF(ES3.SI)$  which tracks 30 of the best and strongest Singapore blue chips companies is up at its 52 week high.    The Top 10 holdings include the 3 Singapore Big Banks DBS, OCBC and UOB as well as Singtel, Capitaland Integrated Commercial Trust, Capitaland Ascendas REIT, Singapore Exchange, Jardine Matheson Holdings and Singapore Airlines.

$CapLand IntCom T(C38U.SI)$  the largest SReit has jumped to its 52 week high too.    Just last week, CICT announced that it is buying 50% of Ion Orchard for SGD 1.8 billion.  This would consolidate CICT 's downtown presence across major transport nodes and shopping areas, spanning Orchard Road, Dhoby Ghaut and City Hall  in a retail property market with limited supply.

$ocbc bank(O39.SI)$  has also jumped to a 52 week high this week as its Q2 24 earnings beat expectations with a stronger than expected 14% increase in the latest quarter to SGD 1.94 billion versus SGD 1.82 billion expected.

Singapore's SReits have been badly affected by the rise in the Feds interest rates in the past but now see green shoots of recovery with lower interest rates which will reduce their costs in debts funding.

The recent drops in our local banks' fixed deposits and drops in interest rates for Singapore's Treasury Bills may  see positive  inflows of funds to our Singapore stocks and SReits.

The strong Singapore Dollar keeps a lid on inflation, benefiting the economy and also spur more overseas travel by Singaporeans.   The other benefit would be cheaper imported goods.  On the other hand, exports would be less competitive and  tourism may fall. 

Overall I look forward to the Feds Rate cut in September as it is the signal to the start of a revival in our Singapore stock market, cheaper home loans and more overseas travel for me. 

It is great to be a Singaporean where the East meets West and one of the fast growing economies in the region. 

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