To The Moon

Singapore's market rarely gets this kind of attention—yet here we are, with DBS, SIA, Singtel, and Keppel all hitting all-time or 52-week highs. The question now is: has the move run its course... or is there still upside?

🔎 What's Fueling the Rally?

1. DBS / UOB / OCBC: Riding on NIM resilience, higher-for-longer interest rates, and record dividend payouts. Institutional money continues rotating in as these are seen as safe cash-flow anchors in a volatile macro world.

2. SIA: Strong earnings tailwind from surging travel, high ticket yields, and freight. The reopening boom hasn't fully faded—and forward bookings into year-end remain robust.

3. Singtel: Quiet but steady. Its digital infra monetisation (data centres, Optus stake value unlock, etc.) is finally gaining attention. Watch for buyback or spin-off news.

4. Keppel: Green energy pivot + asset monetisation + strong REIT recovery narrative. Recent restructuring turned them from shipbuilder to capital manager—investors are just catching on.

🧠 My Playbook:

DBS above $47 is breakout territory, but don't chase. Buy dips to $45–45.50.

SIA can stretch toward $7.80 on Q3 results—especially if China/ HK travel data stays strong.

Singtel is a slow burn, but if it clears $4.20 on volume, the move could accelerate.

📌 Watchlist Additions:

Mapletree Logistics Trust (SGX: M44U) – quietly rebounding, plays into regional e-commerce tailwind.

ThaiBev – may benefit from consumption recovery and regional reopening.

This isn't a hype-driven rally—it's a rotation into dividend-rich, cash-generating giants with pricing power. In a high-rate world, SG blue chips may shine longer than most expect.

I'm not a financial advisor. Trade wisely, Comrades!