To The Moon

Did HSBC Just Sell Your MediShield? Here's What Actually Happened 🦖 🔍 The Angle The most confusing thing about this deal is also the most important: Allianz is buying HSBC Life Singapore for S$2.7 billion, yet your actual hospital coverage has not moved an inch today. HSBC is selling the underwriting risk, not walking away from the customer relationship, which is why the same policy, the same legal contract, keeps sitting behind your Medisave deductions for now. I wanted to show you the mechanics so you can tell, in one look, whether a scary headline like this really touches your own medical plans. 💰 What It Means For You If you hold HSBC Life Shield, your MediShield Life layer is still with CPF and your Integrated Shield Plan is still underwritten by the same licensed insurer, just with A

CapitaLand Ascendas REIT: RHB Says 21% Upside. Our Forensic Screen Says Otherwise 🦖 🔍 The Angle S$1.41 billion has already gone into CLAR’s latest acquisition wave, yet DPU over the last five years has slipped about 1.7% instead of climbing. On paper you see a 6.03% yield and a clean BUY call with 21% upside, underneath you see 42.0% gearing and interest cover at 3.5x, both sitting on the wrong side of a forensic safety line. That gap between the story the analyst is selling and the story the balance sheet is telling is why I wanted to flag this one for you. 💰 What It Means For You If you are using CLAR for CPF or S$ income, your distributions are now being propped up by a balance sheet that fails both the gearing ceiling and the interest coverage floor in Iggy’s framework, Iggy's Forensic

AEM Is Up 425% This Year. Here's What That Actually Means For You 🦖 🔍 The Angle What if the real risk in AEM is not that the business breaks, but that the price already assumes it cannot? A 425% move in seven months rewires the whole story, because the same AI chip boom that lifted AEM, UMS, and Frencken is now drawing new listings like Mi Technovation onto SGX, all competing for the same future cashflows your cousin is bragging about. When the exchange is busier than ever, core inflation is ticking up, and SGX itself still sits in this show's Red Zone on yield, the headline “market up” stops being useful. 💰 What It Means For You If you are thinking of buying after a 425% run, you are no longer deciding whether AEM is a good business, you are deciding whether there is still any room for di

Everyone is talking about the RTS Link. Just 5 minutes from Woodlands to Johor Bahru. Finally, no more spending hours stuck in the Causeway traffic. Reports say Singaporeans could spend an extra S$1.05 billion a year in Johor, while Malaysians are expected to spend around S$756 million in Singapore. If those estimates are accurate, it means more money will be flowing out of Singapore than coming in. 📈 Who benefits first? Johor, for sure. Expect shopping malls, restaurants, hotels and tourist spots to be packed, especially on weekends. Property prices there have already started moving up. But I don't think this excitement will last forever. After the initial rush, people usually go back to their normal routines. 🚉 Will RTS really replace buses and cars? Not everyone. Many daily commuters ma

The US Just Slapped Singapore With a 12.5% Tariff. Does Your Portfolio Actually Care? 🦖 🔍 The Angle Everyone’s talking about “Singapore hit with a 12.5% tariff”, but the one sector that ran the hardest this year, semiconductors, is explicitly carved out together with pharmaceuticals and key electronics. The levy lands on about one third of our domestic exports to the US, yet the bulk of our value chain and most retirement portfolios are not sitting in those containers. The real forensic question is not “tariff or no tariff”, it is whether the business you own actually earns its money from those affected goods. 💰 What It Means For You If your CPF and SRS are parked in banks, REITs, and telcos, their income still comes from lending, rent, and subscriptions, not from shipping goods into a 12.