$扬子江船业(BS6.SI)$ Shipbuilding is quietly entering another cycle. Yangzijiang now has an order backlog of US$22.4bn, with shipyards fully booked until 2029. The order mix is also changing. About 80% of the orderbook now comes from clean-energy vessels such as LNG and dual-fuel ships. The investment story is quite simple: visibility of earnings + 5–6% dividend yield. Among SGX industrial companies, few have this level of order visibility.
$携程网(TCOM)$ Trip.com’s latest numbers don’t show a slowdown. Revenue grew over 20%, with double-digit growth across hotels and tickets. International revenue is still up more than 60%.
$赛富时(CRM)$ The quarter was largely inline. Growth is still around 10%, and SaaS multiples remain compressed. The interesting part is AgentForce. ARR is up nearly 170%, with expansion mostly from existing customers.
$亚马逊(AMZN)$ This quarter wasn’t about retail. AWS growth re-accelerated above 23%, with backlog rising alongside it. Retail supports margins, but AWS is driving growth again.
$谷歌(GOOG)$ This quarter wasn’t about the beat. AI is turning single searches into longer, decision-driven conversations. That’s what’s changing: the value of each search.
Is LMS Compliance (SGX: LMS) the Hidden Gem of SGX?
$LMS Compliance(LMS.SI)$ Latest institutional research highlights LMS Compliance (LMS.SI) as a high-value growth play. Key takeaways: Sticky Revenue: 85%+ recurring income with strong cash flow. ESG Catalyst: Primary beneficiary of mandatory ESG reporting in SG & MY starting 2025. Digital Edge: AI-driven platform creating a massive operational moat. @LMS SGX
$Meta Platforms, Inc.(META)$ This quarter wasn’t about macro tailwinds. Ad volume and pricing both improved, but the real change is AI lifting engagement, conversion, and ad products at the same time. This isn’t an ad rebound. It’s an ad engine upgrade.