Chaos is the word defining Q2. Iran war is just about to come to an end (I hope) as cease fire was agreed on 17-Jun between USA and Iran. However, limited tit-for-tat strikes are still reported on both sides, threatening the fragile peace. Oil price at least has came down, putting a hold on further inflation escalation.
June is also the month for World Cup 2026 as USA, Canada and Mexico co-host the event. Lots of surprise results as participants battle for glory and honor. Cape Verde became the rookie star of the tournament. Who can foresee that a country with only 500,000 citizens can go into the Round of 32? Maybe.... Singapore can take some inspiration from them? Haha
Market wise, USA and SG has gone back to its peak after a quick correction. Investors are still buying the AI dream, and with it, tech and semi-con companies have continue to rise with their out of the world valuation. DJI ended at 52319, an increase of 5888 points (+12.70%) compared to 1Q 2026. For Singapore, STI ended at 5170, an increase of 285 points (+5.83%) compared to last quarter. Banks in Singapore (51.1% STI weightage) continues to drive the STI direction.
Below is a summary of my transaction in the last quarter:
Transaction 1: Bought 1 batch Grab shares in June. I still believe in the potential of Grab as they still have their advertisement segment and GXS bank yet to fully developed. Just a case of buying the dip.
Transaction 2: Bought 1 batch NTT DC Reit in June. Good entry point at 7.5% yield as they go Ex-Div. Data center is now high in demand. Good potential and room to grow with increase dividend in future. Yes, their lease to tenant are going up as well.
Transaction 3: Bought 1 batch Singtel in June. Singtel has dropped about 12% from its last high point ($5.02). Good point of entry and dividend yield if holding long term.
That is all for now. See you all in Q3 2026 update and thank you for reading thus far.
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