4.7% Hurdle Kills Suntec At 4.69% | SGX Daily Pulse 22 Apr 2026 | 🦖EP1563

When STI hits 4,996 your broker celebrates but KIT runs 56.1% gearing on 1.3x cover while Suntec fails the 4.7% hurdle at 4.69%

A 4,996 STI level is a headline-grabbing vanity metric that pays exactly zero dollars toward your retirement. The index chases psychological milestones. The forensic truth is found in debt issuance pricing and the breach of gearing ceilings. You are holding assets where management cheers for growth while the balance sheet quietly screams for air.