<![CDATA[The Investing Iguana’s Substack: ☕ The Daily Pulse]]>https://investingiguana.com/s/the-daily-pulsehttps://substackcdn.com/image/fetch/$s_!GsA5!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F03fedda5-49ad-4434-9e98-9de30f339f1e_500x500.pngThe Investing Iguana’s Substack: ☕ The Daily Pulsehttps://investingiguana.com/s/the-daily-pulseSubstackTue, 07 Jul 2026 13:13:26 GMT<![CDATA[Why Singapore’s New Power Deal Will Hit Your Wallet 🦖]]>https://investingiguana.com/p/why-singapores-new-power-deal-willhttps://investingiguana.com/p/why-singapores-new-power-deal-willTue, 07 Jul 2026 04:03:12 GMTJuly’s tariff hike just added about S$20 to a typical HDB bill, and everyone is asking if this is the new normal. In this Daily Pulse, Angela and I walk through the new Indonesia–Singapore electricity MOU, why Sembcorp’s cross‑border projects matter for growth but not yet for “safe” income, and how a 3.4 GW import plan fits into Singapore’s 2035 energy roadmap. We also touch on DFI’s quiet leadership shuffle and what a 0.3 per cent share move tells you about the stability behind your Cold Storage basket. This is a kopi‑length episode about keeping your CPF and SRS plans aligned with where policy and management are heading, not just what your SP bill says this quarter.

Key takeaways:

  • Indonesia’s 3.4 GW power export plan reshapes Singapore’s future energy mix, not July’s bill

  • Sembcorp’s role in cross‑border projects leans growth‑story first, yield‑story later

  • A 17 per cent tariff jump maps to roughly S$17–20 more for a four‑room HDB household

  • DFI’s CFO‑to‑CEO shuffle signals continuity, not crisis, in its Food division

  • Daily Pulse episodes are for staying ahead of policy shifts before they hit your DPU

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[Why I’m Watching the Nvidia Mansion (and What it Means for the Market) ]]>https://investingiguana.com/p/weekly-pulse-record-highs-and-thehttps://investingiguana.com/p/weekly-pulse-record-highs-and-theSun, 05 Jul 2026 12:18:35 GMT: This week’s STI record high feels like good news on the MRT ride home, yet the same AI demand driving that rally is sitting behind a seized S$42 million Nvidia mansion and some very noisy weekly movers. In this episode, I walk through that mansion story, the banks’ strong week, CMS, First Resources and friends, and what all this excitement really means for a Singapore investor planning retirement from an HDB flat. We keep the frame simple, price action on one side, yield, balance sheet and zone verdicts on the other, so you can decide whether this “good week” actually strengthens or weakens your CPF and SRS income story.

Key takeaways:

  • Why a seized S$42m Nvidia mansion and legal AI demand both touch your dividend plan.

  • What a record-high STI actually means for bank-heavy CPF and SRS portfolios.

  • Why CMS, AvePoint and First Resources can be hot movers yet still fail income tests.

  • How DBS, OCBC and SIA’s zone verdicts help you separate momentum from true safety.

  • Why weekly gainers and losers are data points, not instructions, for your retirement plan.

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[Daily SGX Pulse | Singapore’s Two-Speed Economy | 3 July 2026]]>https://investingiguana.com/p/daily-sgx-pulse-singapores-two-speedhttps://investingiguana.com/p/daily-sgx-pulse-singapores-two-speedFri, 03 Jul 2026 07:50:24 GMTSingapore’s factory PMI just hit 51.3, the strongest since 2018, thanks to AI demand, yet zi char bosses are staring at a 17% electricity hike and 7.1% gas hike with no easy way to pass it on. In this episode, I walk you from the Bedok kopitiam to the export factory floor to show how the same economy can be booming for one part of your portfolio and squeezing another. We also touch on Frasers’ CEO handover and SGX’s new omnibus custody rules, so you know which headlines matter for your CPF, SRS and REIT income, and which are just plumbing changes.

Key takeaways:

  • Why a 51.3 PMI helps your export‑linked stocks but not your zi char landlord.

  • How a 17% electricity and 7.1% gas hike shows up in REIT rental reversions.

  • Why domestic F&B and retail tenants face margin stress while AI‑exposed manufacturers enjoy tailwinds.

  • What Frasers’ CEO transition and SGX’s custody model shift mean for a long‑term CPF/SRS investor.

  • Why “strong Singapore economy” headlines can hide a dangerous two‑speed reality for retirement income.

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[Electricity Shock & SIA's Air China Move | The Daily Pulse 30 June 🦖]]>https://investingiguana.com/p/electricity-shock-and-sias-air-chinahttps://investingiguana.com/p/electricity-shock-and-sias-air-chinaTue, 30 Jun 2026 12:22:44 GMTThis episode starts with that SP Group letter many HDB households are getting this week, the one quietly lifting your electricity tariff to 31.91 cents per kWh while official inflation still says 1.8 per cent. We unpack why a 4.64 cent jump per kilowatt hour can hurt more than a headline CPI number, and how to think about your CPF, T‑Bills and REIT income when non‑negotiable bills like utilities move first. Along the way, we also separate SIA’s new joint venture with Air China into what it really is, a growth story for routes and passengers, not a magic fix for dividend safety. By the end, you will know how to read these headlines like an MRT map for your retirement cash flow instead of just another piece of noise.

Key takeaways:

  • Electricity tariffs are rising 17%, to 31.91 cents per kWh before GST, adding about S$17 a month for a four room flat

  • Headline inflation at 1.8% and core at 1.4% can still hide sharp pain in energy and utilities for HDB households

  • A “growth” story like SIA’s Air China joint venture improves routes and traffic but does not change existing dividend flags

  • The real stress test for your CPF and SRS portfolio is whether your income is rising faster than your electricity and gas bills, not just whether prices look calm on paper

  • Rising utility costs can squeeze REIT and corporate margins the same way they squeeze your household budget, which is why forensic metrics like gearing and interest coverage matter before any DPU cut lands

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[The Inflation Surprise, the REIT Recovery Case, and the Bank Tension | SGX Daily Pulse 26 Jun | EP1673🦖 ]]>https://investingiguana.com/p/the-inflation-surprise-the-reit-recoveryhttps://investingiguana.com/p/the-inflation-surprise-the-reit-recoveryThu, 25 Jun 2026 07:45:22 GMTvery broker seems to be shouting that S-REITs are a screaming buy again, with 6% indicated yields and a fat 390 basis point spread over Singapore government bonds. In this episode I walk through the same institutional data the fund manager used, then put it through our forensic gates for a 55-year-old in Bedok living off CPF, SRS, and REIT income. We unpack why falling SORA and cheaper refinancing are real tailwinds, but why a buy-the-dip ETF strategy quietly turns your retirement plan into a trading book. If you cannot easily recover from a big drawdown, you need to know exactly where the professional story stops working for your wallet.

Key takeaways:

  • The 390 bp yield spread is real, but it prices in serious risk

  • Lower SORA helps strong balance sheets first, weak REITs only for a while

  • An ETF’s 6% “indicated” yield hides both over-geared and solid names inside

  • Buy-the-dip sounds smart, but assumes trading skills most retirees do not have

  • For true drawdown income, each REIT must clear strict yield, gearing, and ICR gates

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[STI at the Ceiling? | SGX Daily Pulse 23 Jun 2026 | Episode 1669 🦖 ]]>https://investingiguana.com/p/sti-at-the-ceiling-sgx-daily-pulsehttps://investingiguana.com/p/sti-at-the-ceiling-sgx-daily-pulseTue, 23 Jun 2026 04:53:01 GMTThe STI is sitting just below its all-time high, but the real story for your CPF and dividend income is happening in shipping lanes, oil prices, and a quietly falling SORA. I walk through why the index looks strong on paper while the market underneath feels like it has hit its head on a ceiling, and what that means for your S-REITs, property counters, and bank stocks as a Singapore retiree or soon-to-be retiree. We also unpack Singapore Airlines’ new offshore yuan bond and why it is a funding diversification move, not a sudden cash crunch, even with gearing still in the 20‑plus percent range and a mid‑5 percent yield. By the end, you will know whether this feels more like a consolidation pause or a real cap on your future payouts.

Key takeaways:

  • Why a “near-record” STI can still leave your CPF dividends stuck.

  • How low SORA eases REIT and property interest costs but squeezes bank margins.

  • What Singapore Airlines’ dim sum bond really signals about its balance sheet.

  • Why shipping traffic in the Strait of Hormuz still anchors inflation risk for Singapore.

  • What to watch next if you rely on Singapore dividends for monthly expenses.

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[This Week's Best Stock Was a Forensic Red Flag, Iggy's Weekly Winners & Losers | EP1665 ]]>https://investingiguana.com/p/this-weeks-best-stock-was-a-forensichttps://investingiguana.com/p/this-weeks-best-stock-was-a-forensicSun, 21 Jun 2026 08:08:46 GMT Read more

]]><![CDATA[SGX Daily Pulse: Singapore's #1 Ranking Can't Outrun Inflation | EP1662 ]]>https://investingiguana.com/p/sgx-daily-pulse-singapores-1-rankinghttps://investingiguana.com/p/sgx-daily-pulse-singapores-1-rankingFri, 19 Jun 2026 06:49:40 GMTSingapore just reclaimed top spot on the global charts, but your wallet at home in Bedok may be quietly bleeding. In this episode, I walk through why a 1.48% T-Bill and rising SP electricity tariffs can turn “playing safe” into a guaranteed loss once you factor in inflation and your HDB power bill. We unpack the simple 2% spread rule for electricity contracts so you are not overpaying every month while your CPF and SRS sit in low-yield parking bays. Think of it as a kopitiam-level audit of how your cash, T-Bills and power contract actually work together.

Key takeaways:

  • Why 1.48% T-Bills can still lose to inflation after your next NTUC run

  • How the 2% spread rule tells you if your electricity plan is worth switching

  • Why your SP regulated tariff is not “fake news”, but still not always your best deal

  • How CPF, SRS, T-Bills and your monthly power bill fit into one retirement picture

  • What MAS putting Bybit on the Investor Alert List really signals about “safe” platforms

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[SIA Traffic Miss, Elite UK REIT Halt, AI Surge Hits SGX | SGX Daily Pulse 16 Jun | EP1658 ]]>https://investingiguana.com/p/sia-traffic-miss-elite-uk-reit-halthttps://investingiguana.com/p/sia-traffic-miss-elite-uk-reit-haltTue, 16 Jun 2026 03:24:07 GMTSIA looks steady on price, but the passenger math is weakening underneath. I break down why more seats than passengers is a quiet margin squeeze for your SRS income story. Meanwhile, Elite UK REIT hits a trading halt with no details yet, and the broader SGX rally is getting help from geopolitics and a surprising AI infrastructure surge. This is one of those days where kopi headlines can mislead your portfolio decisions.

Key takeaways:

  • SIA load factor slipped as capacity grew faster than demand, soft margin signal

  • Elite UK REIT halt is a watch item only, no speculation without filings

  • Shipping and marine stocks lifted by easing Middle East risk premium

  • AI spending surge is driving real demand for SGX-linked infrastructure plays

  • May property “low sales” driven by lack of launches, not weak demand

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[Two Palm Oil Names, Two Opposite Stories | Weekly Winners & Losers ]]>https://investingiguana.com/p/two-palm-oil-names-two-opposite-storieshttps://investingiguana.com/p/two-palm-oil-names-two-opposite-storiesSun, 14 Jun 2026 04:38:50 GMTThis episode started with two listeners in the same week, one laughing over Bumitama’s jump, the other stressed about First Resources bleeding in a rising palm oil tide. I walk through why the story is not about CPO prices at all, it is about how much debt each management team has quietly bolted onto your dividend stream. Think of it like two economic rice stalls in the same hawker centre, one fully paid up, the other owing the bank for its shiny expansion. By the end, you will see which kind of balance sheet belongs inside a CPF or SRS income plan, and which one belongs firmly in the “handle with care” bucket.

Key takeaways:

  • Bumitama’s 5.6% yield comes from clean gates, not financial engineering

  • First Resources’ 57.2% gearing turns a 5% yield into a higher stress bet

  • Zone 2 versus Zone 4 is about balance sheet strain, not palm oil headlines

  • Debt choices, not sector labels, decide whose dividend survives the next credit squeeze

  • August earnings dates are the key checkpoint for both balance sheets

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[Two Shocks, One Portfolio: What the Chip Crash and the Iran War Mean | Daily Pulse 9 June ]]>https://investingiguana.com/p/two-shocks-one-portfolio-what-the-ea1https://investingiguana.com/p/two-shocks-one-portfolio-what-the-ea1Tue, 09 Jun 2026 07:43:00 GMTToday we walk through how a war thousands of kilometres away and a tech selloff in California end up inside your SP bill and SGX dividend statement. Think of the Strait of Hormuz as the kitchen door for your nasi padang stall: when it jams, every kopi, bus ride and HDB aircon unit gets pricier. I break down how rising oil and gas costs push up the “regulated tariff” your SP bill uses, why retailer plans are now hugging that rate, and what that means if you are running CPF, T‑Bills and REITs for retirement. By the end of this, you will know exactly how to treat your next electricity contract as part of your portfolio, not just a household chore.

Key takeaways:

  • How a Middle East chokepoint turns into a higher HDB SP bill each quarter

  • Why many retail electricity plans now sit within 2% of the regulated tariff

  • What a kopi price jump tells you about energy costs leaking into REIT margins

  • How to think about CPF, T‑Bills and utilities bills as one cashflow chain

  • Why “do nothing” is sometimes the smartest move when contracts expire

  • CTA: Full forensic breakdown on Substack, and early alerts on Telegram.

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[Two Shocks, One Portfolio: What the Chip Crash and the Iran War Mean for Your SGX Dividend Income | SGX Daily Pulse ]]>https://investingiguana.com/p/two-shocks-one-portfolio-what-thehttps://investingiguana.com/p/two-shocks-one-portfolio-what-theMon, 08 Jun 2026 04:53:16 GMTToday’s tape looks ugly: DBS, OCBC, UOB and every chip‑adjacent counter in your CDP are flashing red, even though nothing “broke” in Raffles Place overnight. In this episode, I walk you from a disappointed US chip stock and a South Korean circuit breaker, all the way to your HDB household budget and SGX dividend cheques. We unpack how Brent near US$95 and a 29.72c/kWh electricity tariff squeeze your REITs’ interest coverage and your banks’ bad‑loan buffers at the same time. By the end, you will know exactly when a sell‑off is just Sentosa‑level noise and when it is a real Bedok‑level threat to your CPF and SRS income stream.

Key takeaways:

  • Why KOSPI circuit breakers and US chip panic spill into SGX blue chips

  • How a 29.72c/kWh power bill shows up in REIT refinancing pain

  • When high floating‑rate debt turns a “stable” REIT dividend unpredictable

  • Why DBS’s high payout plus trade‑loan stress can shrink your bank cheques

  • A simple 2‑step audit to decide if you hold, trim, or just sit tight

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[When Wall Street Sneezes, Singapore Catches Cold | SGX Weekly Winners & Losers | EP1647 ]]>https://investingiguana.com/p/when-wall-street-sneezes-singaporehttps://investingiguana.com/p/when-wall-street-sneezes-singaporeSun, 07 Jun 2026 03:32:26 GMTThe STI is printing record highs, but many SG investors are quietly nursing losses. This week shows the uncomfortable truth: your portfolio can fall even when headlines look strong. A US tech selloff slammed SG precision engineering names within days, while zero-yield growth stocks topped the gainers list. If you rely on dividends to fund daily kopi and groceries, this is a week you cannot ignore.

Key takeaways:

  • STI up does not mean your portfolio is up

  • US tech moves hit SG supply chain stocks within 48 hours

  • Frencken, UMS, AEM fell hard on global—not local—news

  • Insider buying (Ultragreen) can support prices, but verify filings

  • Unexplained drops (Hong Leong Asia) are soft warning signs

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[When the Balance Sheet Doesn't Match the Yield | Daily Pulse 4 Jun | EP1642 ]]>https://investingiguana.com/p/when-the-balance-sheet-doesnt-matchhttps://investingiguana.com/p/when-the-balance-sheet-doesnt-matchThu, 04 Jun 2026 05:23:30 GMTSix percent yield sounds like a good kopi deal—but only if the balance sheet can support it. Today, we break down why CapitaLand Ascendas REIT’s latest Tuas asset looks solid, yet the overall trust still fails key safety checks. With US rates pulling money away and occupancy slipping, this is where many SG income investors get caught out. If your retirement income depends on REITs, this is one you don’t want to misread.

Key takeaways:

  • Yield alone is not enough—CLAR clears 6% but fails on gearing and interest cover

  • Gearing still above safe zone (~37%+), limiting margin of safety

  • Interest coverage at ~3.5x—thin buffer if rates or tenants turn

  • Occupancy dropped to 90.5%, with US assets weaker (~85%)

  • New Tuas asset is strong, but only adds 0.2% DPU—repair, not growth

  • CTA: Full forensic breakdown on Substack + early alerts on Telegram

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[DBS Opens 18 Wealth Centres. MAS Catches Agents Lying About Your ILP | SGX Daily Podcast | EP1638 🦖 ]]>https://investingiguana.com/p/dbs-opens-18-wealth-centres-mas-catcheshttps://investingiguana.com/p/dbs-opens-18-wealth-centres-mas-catchesTue, 02 Jun 2026 06:18:04 GMTToday we zoom in on three headlines that look harmless on page one but are brutal if you are a 55-year-old trying to live on CPF, T‑Bills and REIT income. DBS is rolling out 18 new wealth centres across Asia and upgrading 36 more, which sounds like growth… until you realise it is a giant machine for fee income and your 6.16% yield only works if you do not buy at the wrong price. MAS and the Life Insurance Association are also calling out agents who sell ILPs as “capital guaranteed upon death”, when your money can still swing up and down while you are alive and needing cash. And Jumbo Seafood losing its East Coast flagship after nearly 40 years is your Bedok kopitiam reminder that one landlord’s decision can quietly redraw your dividend map.

Key takeaways:

  • DBS’ wealth push locks in fee income for the bank, not guaranteed safety for retirees.

  • A 6.16% yield at 64 dollars looks juicy, but a thin margin to 66.10 squeezes your safety buffer.

  • “Capital guaranteed upon death” ILPs protect your beneficiaries, not your own retirement floor while you are alive.

  • Lease expiry, like Jumbo’s East Coast closure, can quietly chop future cash flow without moving the share price today.

  • You need to audit banks, ILPs and F&B stocks with the same forensic lens: where does the payout really come from, and who can switch it off.

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[OCBC Is Hiring 500 Bankers. Who Pays for It? | SGX Daily Pulse 28 May ]]>https://investingiguana.com/p/ocbc-is-hiring-500-bankers-who-payshttps://investingiguana.com/p/ocbc-is-hiring-500-bankers-who-paysThu, 28 May 2026 13:25:37 GMTOCBC is hiring aggressively again, and that can be good news only if the extra fees arrive before the cost drag hits your dividend. For Singapore income investors, the real question is whether this wealth push offsets weaker net interest income — or just eats into payouts first. This is the sort of fork in the road that matters when your OCBC cheque is part of your retirement layer.

Key takeaways:

  • Why aggressive hiring can pressure dividends before it helps.

  • What Bank of Singapore’s expansion could add to OCBC later.

  • Why yield investors should watch the next earnings cycle.

  • How to think about OCBC if you rely on CPF and SRS income.

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[CPF Holds. SATS Pops. Here's What Actually Matters | SGX DAILY PULSE 26 May 2026 ]]>https://investingiguana.com/p/cpf-holds-sats-pops-heres-what-actuallyhttps://investingiguana.com/p/cpf-holds-sats-pops-heres-what-actuallyTue, 26 May 2026 05:53:38 GMTToday we put two big headlines on the kopitiam table: CPF confirms your 4% “sanctuary rate” for Q3, and SATS jumps more than 6% on earnings and a higher dividend. On the surface, both look like “good news”, but one quietly resets the yield hurdle for your whole SGX portfolio while the other is a momentum story paying only 1.4% at today’s price. We walk through the math like you would on the back of a receipt in Bedok, so you see clearly when it makes sense to leave CPF and when you are just taking more risk for less income. Plus, we zoom out to what a 6% GDP print and MTI’s Middle East warnings actually mean for a retiree relying on dividends, not bonuses, to pay the SP bill.

Key takeaways:

  • Why CPF’s 4% “sanctuary rate” is the real benchmark for your SGX income

  • How SATS can look strong on headlines but still fail a retiree yield test

  • The simple question to kill FOMO when a stock jumps 6% overnight

  • What a 6% GDP print really means for dividend investors in a choppy world

  • How to stress-test your HDB household portfolio for a Q3 macro shock

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[Singapore Overtakes Indonesia + Plantation Stocks Collapse | SGX Weekly | 24 May 2026 | EP1625 ]]>https://investingiguana.com/p/singapore-overtakes-indonesia-plantationhttps://investingiguana.com/p/singapore-overtakes-indonesia-plantationSun, 24 May 2026 05:56:04 GMTSTI is hitting highs, but your dividend income is quietly getting squeezed. In this episode, I walk through why strong names like ST Engineering and SGX can still fail an income portfolio — and how plantation “high yield” plays just blew up. Think of it like paying premium rent at a Jurong kopitiam stall but your daily cashflow cannot cover costs. This is the gap most investors miss until it hits their CPF drawdown.

Key takeaways:

  • Quality business does not mean good income at the current price

  • Low yields now competing directly with T-bills for safer returns

  • High yield can be a warning sign, not a reward

  • Indonesia exposure turned plantation dividends into a risk overnight

  • Your real job: protect income, not chase headlines

The Investing Iguana’s Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

]]><![CDATA[Singtel and the 5,000 Point Mirage | Daily SGX Pulse Podcast | EP1621 ]]>https://investingiguana.com/p/singtel-and-the-5000-point-miragehttps://investingiguana.com/p/singtel-and-the-5000-point-mirageThu, 21 May 2026 08:31:45 GMTToday we tear apart the Singtel victory headlines and show why a “record” 18.5‑cent dividend at S$5.02 still pays you less than just leaving money in your CPF Special Account. We then walk SIA’s scary 57.4% profit drop, why the yield is still workable for accumulators, and how rising fuel costs could quietly eat your future payouts. Keppel’s blocked M1 deal and delayed special dividend hit the kopi‑money of retirees who were counting on those cheques, while a S$6m insider sale at DBS raises hard questions about buying at Bedok‑to‑Jurong record prices. We close with OpenAI’s S$300m AI lab in Singapore — great long‑term tailwind for data centres and industrial REITs, but zero help for this month’s SP bill and NTUC run.

Key takeaways:

  • Singtel’s “record” payout still fails both CPF 4% and a 4.7% income floor

  • SIA’s profit collapse hides a still‑functional yield on a strong balance sheet

  • Keppel’s blocked M1 sale pushes back special dividends HDB retirees were timing

  • DBS looks rock solid, but ins…

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]]><![CDATA[ SGX Daily Pulse — Tuesday 19 May 2026 ]]>https://investingiguana.com/p/sgx-daily-pulse-tuesday-19-may-2026https://investingiguana.com/p/sgx-daily-pulse-tuesday-19-may-2026Tue, 19 May 2026 05:56:26 GMTToday’s Daily Pulse is all about what happens when a neat Keppel cash story slams into a very un-neat regulator. IMDA has frozen the Simba–M1 review over alleged spectrum misuse, which means that S$1.43b you were quietly baking into your retirement plan is suddenly in limbo. I walk through how this kind of “Plan B moment” hits your CPF and SRS income map, then swing over to Lendlease REIT’s shiny rent numbers, stretched gearing, and what that combo really means for your Bedok or Jurong kopi money. We close with quick flags on CDL, Frencken and Geo Energy — the sort of quiet changes that tell you whether your portfolio engine is purring or coughing.

Key takeaways:

  • Keppel’s M1 sale is stalled, so that “sure-win” cash top-up is now uncertain

  • A clean balance sheet cannot save you when regulatory risk suddenly bites mid-deal

  • Lendlease REIT’s big rent jumps look good, but high gearing keeps your margin of safety thin

  • CDL’s board tweak, Frencken’s slowing numbers, and Geo Energy’s coal bet all send early warning signals

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Iggy’s Forensic Disclaimer

This content is produced for educational and informational purposes only. I am not a financial advisor — I am a retail investor who applies forensic analysis to my own portfolio and shares that process publicly. Nothing here constitutes a recommendation to buy, sell, or hold any security, and no specific target prices or personalised financial advice are offered. Stocks assessed under Iggy’s Forensic Yield Standard are benchmarked against a 4.7% minimum yield hurdle; stocks flagged as Growth Watch fall below this threshold but demonstrate clean balance sheet metrics and an identifiable growth catalyst — these carry a materially different risk profile and are not suitable as yield replacements for income-dependent investors. All data is sourced from public filings and verified sources; where data is unverified it is explicitly flagged. All investments carry risk, including the potential loss of principal, and past performance is not indicative of future results. If you are making investment decisions involving CPF, SRS, or personal capital, please conduct your own due diligence or consult a MAS-licensed financial adviser before committing funds.

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