Daily Pulse: SGX Digest — March 30, 2026 |🦖EP1513
Daily Pulse: SGX Digest — March 30, 2026 |🦖EP1513
Manulife US REIT is selling a building at a loss just to keep the banks quiet — and post-sale gearing still sits at 55.3%, twenty points above my 35% Fortress ceiling. That is not a recovery; that is survival by amputation. The distribution tap remains closed while your capital services covenant relief
At a 5,000-point STI, every retail investor managing CPF or SRS capital deserves a real return above the 3.2% Forensic Floor — and ideally above the 4.7% hurdle that justifies holding single-stock risk over a T-Bill. Jardine Cycle and Carriage clears at 4.8%, but 83.5% concentration in one Indonesian subsidiary is a hidden risk most yield hunters skip. Sembcorp pays below the hurdle. CapitaLand Ascendas dilutes you to grow. The question is not which counter looks good — it is which one you are actually being paid to own.
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