S$52.8B SGX Volume vs Tiny Retail Dividends, SGX Digest — 10 April 2026 |🦖EP1539

The Investing Iguana
14:46

S$52.8B SGX Volume vs Tiny Retail Dividends, SGX Digest — 10 April 2026 |🦖EP1539

SGX is printing decade-high volume and booking record fees while paying you 2.3% — a spread of just 83 basis points over the latest 1.47% T-bill. That is not a sanctuary premium; that is equity risk priced like a savings account, and CDL's freshly minted S$2 billion perpetuals sitting on top of 70% gearing only sharpens the point: the balance sheet stress is real, the yield compensation is not.

In a 5,000-point STI era, the question is not whether volume is surging — it clearly is. It is whether you are getting paid to own the risk. My 3.2% forensic floor exists precisely because T-bills will not stay at 1.47% forever, and every sanctuary claim must survive the storm test, not just today's calm. When a stock's yield clears neither the 4.7% hurdle nor the CPF SA benchmark, capital protection is an illusion dressed as a blue chip.

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.

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