Earnings wrap for top STI index performers - SGX, OCBC, UOB, Yangzijiang
OCBC, SGX, UOB and Yangzijiang are amongst the top 8 index performers on the Straits Times Index (STI) this year. All reported earnings last night/this morning See how their respective results went and Bloomberg's analysis of their technical charts ▶Yangzijiang: reported after market a strong 1H26, with revenue up 36% year-on-year (yoy) to RMB 17.53 billion and net profit up 28.4% yoy to RMB 5.37 billion, driven by progressive construction of vessels secured at higher contract prices and a more favourable product mix Its shipbuilding gross margin improved, while its orderbook at USD 22.4 billion as of 30 June 2026 provide revenue visibility through 2029 Its share price gapped up 7.6% to $4.25 at the open 📺In our One Good Trade Live Show with Joey Choy on 23 July, Joey mentioned Yangzijiang
Top mover alert: Gold ETF breaks above market technician Binni's resistance levels on Hormuz reopening hopes
👀The $GLD US$(O87.SI)$ listed on the SGX is currently up 2.9% to USD 393 as of 11AM, breaking above the USD 385 resistance level mentioned by Market Technician Binni Ong in an article published on 23 July (Singapore Warrants | Trading Stocks and Index Warrants | Macquarie) ✳✴Macquarie's trending call warrant tracking the gold ETF - $SPDR GLD US MBeCW270120(EXQW.SI)$ (https://warrants.com.sg/tools/livematrix/EXQW) is up 6.5 times more with a 18.8% return to SGD 0.057 as of 11AM, while trending put warrant $SPDR GLD US MBePW270120(SQGW.SI)$ (https://warrants.com.sg/tools/livematrix/SQGW) is down 14.6% to SGD 0.041 ❗Gold is making its biggest rally since Feb
DBS 2Q26 – solid non-interest income and asset quality
📢This morning, $DBS(D05.SI)$ announced their much-anticipated second quarter earnings which came in higher than analysts’ expectations ☀Powered by a surge in wealth-led fee income, DBS CEO Tan Su Shan expects total income this year to exceed 2025 levels and has lifted the outlook from her earlier projection of a match The stock which pulled back 1.3% yesterday to close at $73.55, has erased all losses to trade 1.8% higher this morning (as of 920AM) to $74.86 – within whiskers of its all-time high of $75.00 ✳✴Trending DBS call warrant $DBS MB eCW270226(IJMW.SI)$ is trading six times higher i.e +11.4% to $0.147 while trending put warrant $DBS MB ePW270226(V1RW.
📢DBS will be the first Singapore bank to report second quarter earnings before market tomorrow, followed by OCBC and UOB a day after (also pre-market) 🔥 $DBS(D05.SI)$ has risen more than 32% this year to a record high of $75 just last week, leading the stock to trade at 18 times forward earnings, which is twice its five-year average 🔎Investors will be awaiting tomorrow's results to see if DBS' current valuations are justified, and will likely focus on wealth fee and momentum, as well as credit costs The biggest swing factor is fees and lower credit charges, which could drive earnings higher, according to Jayden Vatarakis, Macquarie's Head of Asean Equities as quoted by Bloomberg in an article released this morning DBS is expected to report adjus
🌪 $Keppel(BN4.SI)$ shares have had a turbulent week, with recent volatility first arising on 28 July when its shares rose 3.3% after the company announced plans to monetise its legacy oil rigs The next day, its share price climbed further to close at $12, after Keppel said it surpassed its year-end funds under management target of $100 billion ahead of schedule In the following three days after, the shares tumbled 6.6% to close at $11.21 after its 1H26 earnings release on 30 July which showed a 59% drop from the previous year, driven by losses in its legacy rigs and real estate The earnings disappointment was compounded by Dow Jones reports that Morningstar had flagged the stock as appearing overvalued and that Keppel’s transformation story may
Top movers alert: Alibaba call warrants jump between 158% to 300% on share price's 24% rebound over the past four weeks
🔝 $BABA-W(09988)$ shares are up 7% to HKD 125 as of 148PM this afternoon, leading gains amongst Chinese tech stocks after the company launched its latest flagship AI model, Qwen3.8-Max, with performance claims putting it alongside global leaders like Anthropic’s Fable (Bloomberg) This is Alibaba's strongest gains since 8 July 🔃This takes Alibaba's share price rebound to 39.7% since its lowest 16-month low of HKD 89 on 26 June ✳✴Macquarie's trending Alibaba call warrant $Alibaba MB eCW261103(ETKW.SI)$ (https://warrants.com.sg/tools/HistoricalPerformance/ETKW) is 355% higher to SGD 0.050 since - 9 times more than Alibaba shares, while trending Alibaba put warrant
Dan Chang: Lion-Phillip SREITS ETF… when passive income meets active trading
👨🏫Renown trading representative Dan Chang shares his thoughts on how an investor’s traditional mindset on using a SREITS ETF for passive income can now be turned into an active opportunity by using the newly listed structured warrant tracking the ETF. 🔎He presents the short-term trading opportunities by analysing the chart of the ETF, and mentions the key levels for interested investors to consider: *Dan's view does not represent that of Macquarie's A Structured Warrant... on a REIT ETF? I have to admit, I had to read the announcement twice. Not because I couldn't understand it, but because it challenged how I had always thought about these two investment products. For many investors, buying a REIT is almost a mindset. You invest for the potential distributions, hold it patientl
$Keppel(BN4.SI)$ : its shares plunged 4.3% yesterday to $11.48 after the asset manager reported a net income of S$155 million for the first half of 2026, down 59% from S$378 million a year earlier ⚠The losses came from 1) the collapse of its M1 sale 2) a S$32 million net loss from its real estate holdings in its non-core portfolio 🌈The bright spot came from "New Keppel" where profit was 25% higher Keppel shares are down another 0.4% this morning as of 950AM to $11.44 ✳Trending Keppel call warrant $KeppelMBeCW261230(94BW.SI)$ (https://warrants.com.sg/tools/livematrix/94BW) is down 23.2% to S$0.073 over the past two days and saw buying interest from investors yesterday There is no Keppel put warrant
Politburo meeting turned incrementally supportive given “difficulties and challenges”
The $HSI(HSI)$ is up 3.8% this week, with the August futures closing at 25,903 yesterday – its highest level since 2 June 2026 💪The market has been notably resilient compared to the Asian markets of Japan and Korea – whose selldown this week has led the MSCI Asia Pacific Index to enter into correction territory following a 11% selldown from its 22 June peak 📜One of the key themes for the HSI/Chinese stocks this week was yesterday’s statement from the Politburo to “enhance the resilience and confidence of the capital market” ✍Macquarie Sales and Trading’s (S&T) released a note yesterday to provide their take on the Politburo statement and what they believe could trigger the Chinese government to do more Read on for important disclaimers The belo