To The Moon

Two Shocks, One Portfolio: What the Chip Crash and the Iran War Mean | SGX Daily Pulse | EP1648🦖 A 100-day war in a part of the world you will never visit just quietly rewired your SGX income. Not through headlines, but through two numbers sitting in the background: a circuit breaker in Seoul and a stubborn Brent band near US$95. When global funds rush for the exit on a bad US chip print, they are not asking whether your UMS, AEM or CSE Global order book is intact, they are selling everything liquid, including the banks you thought were “safe”. For a Singapore investor living off dividends, the real damage shows up later: in your REIT’s interest coverage and your bank’s bad-loan allowances, not in today’s price drop. If your REITs are heavy on floating-rate debt and your bank is already ru

When Wall Street Sneezes, Singapore Catches Cold | SGX Weekly Winners & Losers | EP1647🦖 The strangest thing about this week is how “good news” suddenly became toxic for tech stocks. Broadcom’s AI chip revenue exploded 143 percent and the market still punished the share price. When Wall Street starts selling spectacular numbers, every Singapore supplier plugged into that chain becomes a passenger, not a driver. If you are holding names like UMS or AEM because they feel safely “local”, this week is your reminder that geography is just the wrapping paper, not the risk. A single bad night for the US semiconductor index can punch a multi-hundred dollar hole in a S$500-a-month income plan long before the dividends officially change, which is why I keep coming back to balance sheet strength

UI Boustead REIT: The Truth Behind Maybank's Aggressive Buy Call on This 8.6% Yield | EP1644🦖 A newly listed REIT falling almost 10 percent below its IPO price in under 90 days is not supposed to happen to a “safe” industrial name. When I saw Maybank slap a S$1.03 target and a BUY on UI Boustead REIT while the units were sliding, I wanted to know what the debt table was hiding. The deeper I went into the prospectus and the early numbers, the clearer it became that the story the brokers are selling and the risk you are actually underwriting are not the same thing. If you are using CPF or SRS to chase that 8.7 percent forward yield at around S$0.785, you are accepting a 36.5 percent gearing ratio, an 8.1 times net debt to EBITDA load and a thin 4.7 times interest coverage buffer on a REIT wi

SIA Is Expanding While Jet Fuel Has Doubled. Should You Be Worried About the Dividend? | EP1646🦖 Jet fuel has doubled, SIA is ordering more planes, and yet the dividend yield still shows around 5 to 6 percent on your screen. That combination is what bothered me. When I dug into the hedge levels and the profit squeeze per flight, it stopped looking like a simple “national champion” story and started looking like a stress test for anyone using SIA as a retirement pay cheque. If you are parking S$50,000 in SIA for income, that 5.58 percent headline yield only makes sense if today’s dividend survives the fuel shock and the next few earnings cycles. In this episode, I walk through how much of the fuel bill is actually hedged, why the widebody expansion can flip from strength to weakness, and wh

When the Balance Sheet Doesn't Match the Yield | Daily Pulse 4 Jun | EP1642🦖 Two numbers bothered me today: a 6 percent yield and a 90.5 percent occupancy rate sitting in the same REIT. On paper, CapitaLand Ascendas REIT is buying a clean Tuas logistics asset at about S$133.9 million with a 6.5 percent income yield and full occupancy, which sounds textbook solid. But when I layer that asset onto a balance sheet already carrying roughly 37-plus percent gearing, thinner interest coverage around 3.5 times, and falling portfolio occupancy, the story stops being about one “good deal” and starts being about whether the overall engine can keep funding your distributions. If you are 55 in Bedok thinking a 6 percent yield at S$2.51 per unit looks like an easy upgrade over CPF and T-bills, this is w

Why 8 Out of 10 SGX Dividend Stocks Fail The CPF Retirement Test | EP1641🦖 Everyone talks about “beating CPF” like it is a bonus. I am starting to think that for most popular SGX dividend stocks, just matching your CPF Special Account is already a stretch once you factor in gearing and dividend cut risk. The surprise from this week’s audit is simple: the problem is not low yields, it is how tiny the gap is between your so-called income stocks and the 4 percent sanctuary you already own. If you are sitting on a portfolio of high-yield counters because they feel safer than growth stocks, you need to know which names are actually paying you a real premium over CPF and which ones are quietly paying you less for more risk. When I stack a 4.55 percent stock against 4.0 percent guaranteed CPF SA

Your ILP Is Not Capital Guaranteed. MAS Just Said So. | EP1640🦖 Most people I talk to still believe their ILP “capital guarantee” is a safety net for their retirement, when in reality it only fully snaps into place after they are gone. The MAS and LIA warning isn’t about a small wording issue; it is about years of premiums quietly feeding two separate fee structures while your investment value keeps taking the market hits. If you are 55 in Bedok with S$100,000 locked in one of these plans, you are effectively competing against CPF OA at 2.5 percent and SA at 4 percent, with extra interest on your first S$60,000, while your ILP is paying fund managers 0.75 to 2 percent a year and punishing you with surrender charges if you pull out early. Before you rely on that policy for your retirement f

The Checkpoint Closes, Your Dividend Stops. The ASEAN Lesson Every SGX Investor Missed | EP1637🦖 How much of your dividend plan depends on two countries you barely think about not shooting at each other? When Thailand and Cambodia started trading artillery instead of goods, border checkpoints closed, labour vanished and hard drive component costs spiked, all without a single line item on your broker statement warning you this could happen. The part that bothers me is simple: investors treated “ASEAN integration” like a safety net, then watched it snap the moment politics overruled trade. 📺 YouTube: https://youtu.be/_flxQN4dzQ8 📩 Substack: https://investingiguana.com/p/your-neighbour-went-to-war-did-your

The Checkpoint Closes, Your Dividend Stops. The ASEAN Lesson Every SGX Investor Missed | EP1637🦖 How much of your dividend plan depends on two countries you barely think about not shooting at each other? When Thailand and Cambodia started trading artillery instead of goods, border checkpoints closed, labour vanished and hard drive component costs spiked, all without a single line item on your broker statement warning you this could happen. The part that bothers me is simple: investors treated “ASEAN integration” like a safety net, then watched it snap the moment politics overruled trade. 📺 YouTube: https://youtu.be/_flxQN4dzQ8 📩 Substack: https://investingiguana.com/p/your-neighbour-went-to-war-did-your

DBS Opens 18 Wealth Centres. MAS Catches Agents Lying About Your ILP | SGX Daily Podcast | EP1638 🦖 Today we zoom in on three headlines that look harmless on page one but are brutal if you are a 55-year-old trying to live on CPF, T‑Bills and REIT income. DBS is rolling out 18 new wealth centres across Asia and upgrading 36 more, which sounds like growth… until you realise it is a giant machine for fee income and your 6.16% yield only works if you do not buy at the wrong price. MAS and the Life Insurance Association are also calling out agents who sell ILPs as “capital guaranteed upon death”, when your money can still swing up and down while you are alive and needing cash. And Jumbo Seafood losing its East Coast flagship after nearly 40 years is your Bedok kopitiam reminder that one landlor