This episode starts with one loud number, AEM’s 425% year to date run, then asks the uncomfortable question most Bedok HDB portfolios are not asking: what happens if you only show up after the party. I walk through how the same AI chip wave lifting AEM, UMS and Frencken is also pulling Mi Technovation’s solder ball business toward an SGX listing, plus why SGX’s own stock and the three local banks are telling a very different story about yield discipline. We close with the new Grab, Sea and SpaceX depository receipts, core inflation ticking up from 1.4% to 1.6%, and what that mix means if your CPF, SRS and T-Bills are supposed to fund your kopi money for the next twenty years. Iggy’s Forensic Zone: Zone 4, Red.
Key takeaways:
AEM up 425% YTD, UMS 122.7%, Frencken 97.1%, driven by the AI chip boom.
Mi Technovation plans to list its Mi Material solder ball unit on SGX, tapping Singapore’s chip ecosystem.
SGX expands SDRs to Grab, Sea and SpaceX, with SDR turnover and AUM more than doubling.
Core inflation rises from 1.4% to 1.6%, headline to 1.9%, still inside MAS’s forecast range.
Banks grind higher with yields below Iggy’s 4.7% hurdle, while SGX itself sits in the Red Zone on yield.
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.
