Same old story. Nothing really change in the last 3 months. Iran and Ukraine war is still on-going. El Nino effect is going strong, bringing the haze back to Southeast Asia with drier weather and lesser rain. Future market outlook to me is also hazy as well. >.< Trump still believes that USA is great and everyone should revolve around him, weaponizing tariff and forcing countries into his own agenda. Well, we still have 2 years and 4 months of him more to go! *sigh*
Market wise, the Fed has just raise the interest rate by 0.25% 2 weeks ago to tame inflation, ending hopes of lower interest rates to drive the stock market higher. US Reits took a hit from that decision. DJI ended at 50906, an decrease of 1413 points (-2.70%) compared to 2Q 2026. For Singapore, STI ended at 5675, an increase of 505 points (+9.76%) compared to last quarter. Banks in Singapore (58.5% STI weightage) continues to drive the STI direction. Thanks DBS for the stellar results and contribution towards capital and dividend gains.
Below is a summary of my transaction in the last quarter:
Transaction 1: Bought 1 batch IReit Global shares in July. Project RE(O has shown results with the signing of 2 long term hospitality lease and 1 long term office lease, with the first contribution in 3Q 2027 after construction finished. Dividend is expected to increase from 2027 onwards.
Transaction 2: Bought 1 batch DBS shares in July. DBS has shown stellar results and has exceeded all expectation consistently every quarter. I believe eventually, this could be Singapore first $100 stock! Buy in for their ever increasing quarterly divided and capital gains.
Transaction 3: Bought 1 batch Singtel shares in August. Singtel28 transformation execution is bearing fruit, with the heavy investment into data center and share buybacks. Dividend has since return to pre-COVID levels.
Transaction 4: Bought 1 batch Prime US Reit shares in September. There was this one day in September that without warning, Prime drop a whopping 12%. No idea what is the reason, but I decided to buy in the next day to capitalize on the drop with improving US sediments and results in the last 4 quarters. Dividend payout ratio has been increasing as well with improving confidence from the management. Worth to buy in and keep to wait for turn around.
That is all for now. See you all in Q4 2026 update and thank you for reading thus far.
