To The Moon

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.....