🎁Weekly SG Market Top 10 Focuses: Technical Analysis and Options Plans
[Miser]Hi Tigers,
Singapore equities are in a selective, range-bound phase, with the $Straits Times Index(STI.SI)$ hovering near cycle highs and banks accounting for over 40% of index earnings. Elevated rates are still doing the heavy lifting for net interest margins and 4–6% dividend yields, while individual stock performance now hinges less on beta and more on earnings visibility, balance-sheet strength, and confidence in capital returns.
Current market focus remains on banks, high-dividend defensives, and mid-cap range or breakout setups, where cash flow stability, valuation support, and options-friendly volatility allow investors to balance income generation with controlled upside participation.
@Tiger_Contra’s weekly popular stocks column breaks down the market’s focus names each week—combining fundamentals, earnings context, and near-term price action—to help investors better frame risk and opportunity around earnings season.
⚠️For reference only. Not investment advice.
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Are you currently holding or trading similar Singapore assets—banks, range-bound income plays, or breakout candidates?
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Below is the detailed analysis.
⚠️ All information is based on official company disclosures and publicly available market data, compiled for discussion and reference only.
🏦 $DBS(D05.SI)$ | “Anchor Bank of Southeast Asia”
Fundamentals: Regional banking bellwether with ~30%+ Singapore market share. Higher-for-longer rates support NIM, while wealth management adds a stable second growth engine.
Financials: Latest quarter shows stable earnings, sound asset quality, and strong capital & dividend visibility, reinforcing its role as a core income holding.
Technical & outlook: Price consolidates near highs within 58.60–60.00 SGD. A volume-backed break above 60.00 targets 62–63; loss of 58.60 risks a pullback toward ~57.50.
Market view: Cautiously bullish — trend intact, but 60.00 remains a near-term resistance.
Options strategy: 30D bullish call spread — long 58.50 Call, short 60.50 Call, capturing upside while keeping risk and cost defined.
🏦 $UOB(U11.SI)$ | “Range-Bound Yield Anchor”
Fundamentals: Singapore’s third-largest bank with a conservative balance sheet and steady ASEAN exposure. Growth momentum is modest, positioning UOB more as a yield and stability play than an upside beta name.
Financials: Earnings remain stable but lack near-term catalysts; margins and asset quality are sound, yet incremental growth visibility is limited at this stage.
Technical & outlook: Trading in a tight 38.20–39.50 SGD range with thin volume. Upside requires a clear volume surge; otherwise, price is prone to stall near 39.50 and drift lower toward ~37.20 on weakness.
Market view: Cautiously bearish / range-biased — strong conviction that 39.50 is a heavy resistance, with limited probability of a sustained breakout.
Options strategy: Bearish call spread (4W) — short 39.50 Call ×2, long 40.50 Call ×1, harvesting premium while capping upside risk into continued consolidation.
🏢 $STI ETF(ES3.SI)$ | “Event-Driven Rebound Candidate”
Fundamentals: Business visibility remains muted, with no clear structural growth driver, keeping the stock largely sentiment- and event-driven rather than trend-led.
Financials: Near-term earnings catalysts are limited, balance sheet stability caps downside but also restrains upside re-rating potential.
Technical & outlook: Low volume signals consolidation. A rebound requires volume confirmation, ideally via MACD bullish crossover or RSI exiting oversold. Near term, price is expected to range-trade with a mild rebound bias toward resistance.
Market view: Cautiously optimistic — expecting a controlled rebound into resistance, not a trend reversal.
Options strategy: 1-month bullish call spread — long 40.00 Call, short 45.00 Call, targeting rebound upside while keeping cost and risk contained.
🛢️ $OCBC Bank(O39.SI)$ | “Breakout-with-Confirmation Play”
Fundamentals: Business fundamentals remain steady, with performance closely tied to price momentum and sector sentiment rather than rapid earnings re-rating.
Financials: Cash flow and balance sheet are stable, supporting downside protection, though near-term earnings surprises are not the core driver.
Technical & outlook: Price has tested the 52-week high and continues to trend higher. Near term, expect 21.00–21.80 SGD consolidation; a volume-backed hold above 21.36 targets 22.00, while a loss of 21.00 risks a pullback toward ~20.50.
Market view: Cautiously bullish — bias toward a confirmed breakout, but upside may unfold gradually with volatility.
Options strategy: Bullish call spread (to 20 Feb 2026) — long 21.50 Call, short 22.00 Call, aiming to capture a measured upside extension with defined risk.
🏭 $Banyan Tree(B58.SI)$ | “Deep-Value Range Player”
Fundamentals: Valuation-driven name trading below book (P/B 0.81), offering downside protection, but lacking a near-term growth catalyst to drive re-rating.
Financials: P/E ~13x (TTM) sits in a reasonable range; balance sheet provides stability, though earnings momentum remains muted.
Technical & outlook: Low volume confirms a consolidation phase. Price likely to range-trade between 0.67–0.72 SGD. A volume-backed break above 0.69 targets 0.72, while a loss of 0.67 risks a dip toward ~0.65.
Market view: Neutral / range-bound — volatility may stay compressed given thin participation.
🏗️ $SIA(C6L.SI)$ | “Premium-Harvesting Range Play”
Fundamentals: Business outlook remains steady but unspectacular, with price action driven more by range dynamics than earnings re-rating.
Financials: Cash flow and balance sheet are stable, providing downside support, though growth visibility is limited in the near term.
Technical & outlook: Low volume confirms consolidation within 6.39–6.70 SGD. A volume-backed break above 6.70 opens 7.00–7.20, while a loss of 6.39 risks a dip toward ~6.20.
Market view: Neutral-to-slightly bullish — strong support near 6.39 caps downside, upside likely gradual rather than explosive.
Strategy: Favour premium-collection setups (e.g. short puts or call spreads) while price remains range-bound.
🧱 $Singtel(Z74.SI)$ | “Early Re-Engagement Play”
Fundamentals: Core business remains stable, with price action driven more by capital rotation than fundamental re-rating at this stage.
Financials: Earnings visibility is adequate but unspectacular, providing downside support while upside depends on incremental demand recovery.
Technical & outlook: Moderate volume pickup (RB 1.26) signals renewed interest. Near term, expect 4.46–4.70 SGD consolidation; a volume-backed break above 4.70 targets 4.86, while a loss of 4.46 risks a pullback to ~4.30.
Market view: Cautiously bullish — support at 4.46 holds, but conviction above 4.70 is still building.
Options strategy: Bullish call spread (45D) — long 4.50 Call, short 4.70 Call, capturing a measured upside with defined risk.
🧩 $ST Engineering(S63.SI)$ | “High-Range Break Attempt”
Fundamentals: Business conditions remain stable, with valuation and price action increasingly influenced by short-term capital flow rather than earnings re-rating.
Financials: Cash flow is steady, offering downside support, though near-term growth catalysts remain limited.
Technical & outlook: Above-average volume (RB 1.38) and net inflows (~S$109m) point to buying interest. Near term, expect 9.30–9.69 SGD consolidation; a volume-backed break above 9.69 targets 10.00, while a loss of 9.30 risks a pullback to ~9.00.
Market view: Cautiously bullish — support at 9.30 holds, but upside beyond 9.69–10.00 may be incremental rather than explosive.
Options strategy: Bullish call spread (Mar 2026) — long 9.40 Call, short 9.80 Call, capturing a controlled upside extension with defined risk.
🧱 $Seatrium Ltd(5E2.SI)$ | “Volatility Compression Play”
Fundamentals: Business outlook remains uninspiring, with price driven more by position unwinding and short-term flows than fundamentals.
Financials: Earnings visibility is low, while recent persistent fund outflows suggest near-term pressure still needs digestion.
Technical & outlook: Trading in a tight 2.08–2.12 SGD range with muted volume (RB 1.09). A break above 2.12 is required to target ~2.20; a loss of 2.08 risks a slide toward the 2.00 psychological level.
Market view: Strongly neutral — expect extended consolidation and declining implied volatility rather than a directional move.
Options strategy: Short strangle (Mar 2026) — short 2.15 Call + short 2.05 Put, harvesting premium from range-bound price action, with risk tightly monitored near key levels.
🧪 $Sembcorp Ind(U96.SI)$ | “Catalyst-Dependent Range Play”
Fundamentals: Near-term performance hinges on Australia acquisition integration, with fundamentals stable but new catalysts still pending.
Financials: Earnings visibility is steady but capped, providing downside support while limiting re-rating without execution updates.
Technical & outlook: Average volume (RB 0.98) confirms consolidation within 5.80–6.10 SGD. A volume-backed break above 6.10 targets ~6.30; a loss of 5.80 risks a pullback to ~5.60.
Market view: Cautiously bullish — bias toward a measured grind higher into resistance rather than a decisive breakout. Options strategy: Call ratio spread (~45D) — long 6.00 Call ×1, short 6.20 Call ×2, positioning for limited upside with premium enhancement, while closely managing upside risk above resistance.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
