Summary of July 2026

 Minutes of FOMC Meeting

I read the Minutes of FOMC Meeting to understand what is happening in current economic and I found interesting some pointers in this Minutes was AI Capex has no signs of slowing which I agree with participants that it will improve productivity to the companies embraced AI however it also affected some classes of workers. The current labour market results are stable however with current AI Capex, it takes time to show the result of ROI it might be a slowdown on hiring if deployment is successful.

SPGI completed separation of Mobility Global Inc

SPGI consist small part of my US portfolio, recently there was a spin-off activity on this company. SPGI decided to separate Mobility Global, a world's standard for automotive information, providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotive, Mastermind, Polk Automotive Solutions, and Market Scan, supporting the world's major automotive manufacturers, suppliers, dealer groups, media, financial institutions, and consumers with data, forecasts, insights, technology, and innovation.

In the future, I plan to close this position and add to SPGI if earning reports are not fundamentally good enough. I have a strong conviction in SPGI and will do a low DCA in the coming months for a year as the inflation projected to fall slowing next year, means companies will be taking loans and need credit rating.

CrowdStrike shares spilt into 4

I been holding this stock since 2023 because I noticed CrowdStrike provide the fastest security performance among competitors at the early stage of AI wave. During 2024 outrage, I did hesitate whether to close this position to take profit but I decided to press on and add some. Overall, I still believe this company able to stay relevant of this current geopolitical and cyber security is the new threat that many countries start to take serious precautious to their digital assets.

Option activities

Type

Stock

Strike Price

Premium

Expiration

CSP

SoFi

13

0.37

260821

Covered call

Palantir

152.5

0.07

260717                        

As of 10/07/2026

Type

Stock

Strike Price

Premium

Expiration

CSP

Uipath

9

0.26

260916

Continue to do wheel strategy to buy Sofi at $13 if hit below. The recent acquisition helps improving areas like B2B and retail investors increasing cross-selling transactions. They qualify in S&P inclusion based on QoQ earnings and CEO is buying shares in public market however if compare the past transaction,CEO did not buy as much as before. Palantir considered as a high beta growth stock that sufferring Saas turnoil  right now, I comfortable collecting a less premium of 2% with a shorter theta.


Shares Builer Plan

Continuing OCBC second tranche after closed Ascendas Reit and dca SGX. Based on FOMC meeting, I believe local banks price likely rise and retain NII until end of the year. Banks have an amber time to pivot on wealth management due to sticky inflation but the good news is that geopolitical events creating FOMO.  help accelerate this segment.

Sheng Siong's latest $520m investment in a distribution centre sends a positive signal to investors that it has the capacity to grow beyond 120 stores in the near future, with a calculated risk. Based on their track records, they have consistently retained a net profit margin of 10%, good inventory turnover, good account receivable and zero debt while expanding the stores and providing value products to their customer. Upcoming RTS might not disrupt their business as much as many are concerned about because of the transport ticket is not relatively cheap to carry bulk items back and forth. Singapore population is still increasing and land like Gillman Barrack being redeveloped for housing and many big BTO projects are going on. I will continue to invest as long as Sheng Siong not giving high payout ratio to investors and using the FCF for new opportunity.

Back in 2024, DBS targeted S$ 500 m on wealth management fee by 2027 and today they covered S$420m in first quarter of 2026. DBS setting new target S$1 trillion wealt asset by 2030 using AI, networking and regional expansion. 

Singapore Equity Market Development Programme

EQDP is a landmark Singapore government initiative to deepen domestic equity markets. Improve capital allocation efficiency and attract global investor flows into SGX listed securities.

Objectives of the programme

  • Boost trading liquidity, improve price discovery, and increase investor interest in Singapore-listed equities
  • Channel capital into, and broaden investment participation in, small- and mid-cap companies
  • Attract third-party capital into the Singapore market
  •  Strengthen the local asset management ecosystem and grow investment and research capabilties locally
  • Support "Value Unlock" initiatives aimed at improving shareholder value

Progress so far

  • S$6.5bnawarded to 9 asset managers, 1st stage of seed funding being deployed
  • S$1.1bn to be awarded within 1H2026
  • S$1.5bn further upsize announced in Feb 2026
  • SGX and Nasdaq streamlining dual listing requirements to attract quality issuers
  • MAS to commit S$50 million to strengthen support for local equity research for improved price discovery
Credit: Amova and Philip @FSM ETF Festive

I have doubled down my convintion on SGX after hearing great insight from experts  during FSM ETF Festive. There will be more foreign investors investing in SGX because of Singapore stability, currency hedging and government supporting equities. In fact, SGX is the only stock exchange in Singapore and able to retain 40% profit margin over the years despite lackluster in IPO pipeline. I seeing many WP/PR rather holding SGD than their home currency because of uncertainty and investing in sg stock to collect dividend while working here. 

Investing in Singapore dollars

The SGD is managed against a trade-weighted basket within MAS's transparent S$NEER policy band, resulting in low volatility and a gradual appreciation trend that anchors inflation expectations. As a financial hub, there is strong Foreign Direct Investment and portfolio into Singapore and deepen liquidity in SGD-denominated assets. 

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