Dear President Trump, you have done it again. You have said to want to negotiate deals with countries to end a tariff standoff that is acceptable to both parties. Yet, the moment U.S. Supreme Court ruled that the tariff measures you invoked under the International Emergency Economic Powers Act were illegal, you raised the tariff to 15% under another another alternate regulation: Section 122 of the Trade Act for the next 150 days. All previous agreed deals are now void.
Dear President Trump, you have said you wanted peace (I know you wanted the Nobel Peace Prize very badly for reasons that only you knew) and have negotiated or participated in some ways to end XX number of conflicts. Yet, you turn around and kidnap the Venezuela president and started bombing Iran because they pose national security concerns to the USA? In the span of 1 week, oil price has increase from $70 to $108, a whopping 50%, directly impacting our common folks cost of living. What about the Ukraine war that is still on-going into its 4th year? Should you not focus on ending this first? Or maybe President Putin is your very good friend and you do not want to displeasure him?
I gathered: I cannot trust you with any deals that we spent countless time negotiating, for you will not hesitate to tear it to shreds in the blink of an eye if things doesn't go your way.
Anyway, chaos, chaos and more chaos. That basically sums up the first 3 months of 2026. Large swings in equity values. With that said, I still believe if the fundamental of the company remains strong, we should double down on cost dollar averaging when its price becomes attractive.
DJI ended at 46341, an decrease of 1722 points (-3.58%) compared to 4Q 2025. For Singapore, STI outperformed and ended at 4885, an increase of 239 points (+5.14%) compared to last quarter. Banks in Singapore (48.7% STI weightage) continues to drive the STI direction. Due to potential rise in inflation as a result of oil price increase (depends on how long the Iran war might drag on), market is pricing that there might be no more interest rate cuts this year.
Below is a summary of my transaction in the last quarter:
Transaction 1: Bought 1 batch Singtel shares in February. Singtel is currently undergoing transformation to embark on the next pillar of growth: Data Centers. Besides developing and managing its own data centers, it just also announced a joint acquisition with KKR for ST Telemedia Global Data Centres (STT GDC) for S$6.6 billion. With stable dividend returning due to its associates contribution, this is a valued company to buy into, with a forecast dividend yield of 3.5%.
That is all for now. See you all in Q2 2026 update and thank you for reading thus far.
