🟩 The STI has finally smashed through the 5,000 mark – and every kopitiam uncle, WhatsApp group and Telegram channel is screaming “buy now” as if this rally cannot fail. But if you are in your 40s, 50s or already in the retirement red zone, chasing headlines at all-time highs is exactly how you blow up a portfolio that is supposed to fund your golden years. When momentum runs this hot, one wrong move in banks, REITs or cyclicals can turn “passive income” into permanent capital loss. In today’s forensic breakdown, Iggy walks through the real math behind the STI 5,000 breakout — from bank NIMs and CET1 buffers, to SIA Engineering’s MRO margins, Sri Trang’s net margin collapse, and United Hampshire US REIT’s 38.9% gearing. You will see how small shifts in interest rates, costs and cash flows

🟩 The Straits Times Index (STI) has finally hit the 5,000-point milestone, and the market euphoria is real—everyone from the kopitiam uncles to the retail crowd is popping champagne. But while the mainstream media celebrates, we need to do a serious "vibe check." Trading on milestones is a dangerous game, especially if you’re in the Retirement Red Zone. The math doesn’t care about the celebration, and if you're buying in now just because of the hype, you might be setting yourself up to hold the bag when the forensic reality sets in. In this deep dive, I’m peeling back the skin of this rally to reveal the "Second Engine" hidden underneath the banking sector's massive run. We’re going forensic on the heavy lifters like CSE Global (544.SI) and Yangzijiang Maritime (8YZ.SI) to see if their mas

🟩 Is Lendlease REIT's (LREIT) 3.1% dividend increase hiding a dangerous trap? While management celebrates higher payouts for 1H FY2026, the forensic math reveals a troubling truth: gross revenue fell 1.6%, net property income dropped 1.2%, and the Interest Coverage Ratio sits at just 1.8 times. This Singapore REIT grew distributions not through stronger mall performance, but through debt refinancing and asset sales—moves you can only pull off once. Your Institutional Asian Uncle breaks down the gap between LREIT's engineered dividend growth and its shrinking organic revenue. I reveal why like-for-like tenant sales grew just 1.1% (not the headline 7.2%), what the 1.8x ICR really means for your capital safety, and why quantitative models price fair value at 27 cents—far below current trading

In this episode, Iggy pulls out the magnifying glass and walks through the “Forensic Top 20” SGX list ranked by implied upside (the gap between today’s price and analyst consensus target). We’ll look at why the big banks can have slim upside while selected REITs and AI infrastructure plays show wider “math gaps” worth inspecting—like Prime US REIT (OXMU) and the data centre REIT names Keppel DC REIT (AJBU) and NTT DC REIT (NTDU). We’ll also connect the dots on Singtel’s Nxera push, including its DC Tuas facility with 58MW of AI-ready capacity. Read the full in-depth article with video at YOUTUBE ➡️ https://youtu.be/D-Wrc2DyOdg SUBSTACK ➡️ https://open.substack.com/pub/investingiguana/p/the-forensic-top-20-where-the-smart?r=5enmf1&utm_campaign=post&utm_medium=web&showWelcomeOnSh

🟩 The Singapore Budget 2026 just dropped, and it looks like a major shift. You might see a drop in your monthly take-home pay due to new CPF rates. It feels like a squeeze on your wallet right now. Many investors are worried about the government spending more money than before. You need to know if this hurts our economy or if it saves it.I call this move the "Great Pivot." The government is spending money now to fix problems before they get worse. Think of it as fixing a leaky roof while the sun is still shining. In this video, I break down the "Silver Tilt" strategy. I explain which sectors will win big from the new vouchers and healthcare spending. I also warn you about the businesses that will suffer from higher labor costs.

🟩 The STI just hit 5,000—but here's the truth no one is talking about. While the headlines celebrate this psychological milestone, the index has already pulled back to 4,976. If you bought at the peak because of FOMO, you're now down 0.8%. The real question isn't whether we touched 5,000; it's whether the math can carry us to 5,500. And the answer might surprise you: the banks that got us here are running out of steam. The market is rotating right under your nose. While DBS and UOB cool off, the "Industrial Second Engine" is roaring. iFast just printed 70% profit growth with a clear path to $13. BRC Asia's order book is locked in at $2.2 billion through 2027. Lum Chang doubled its profit while revenue dropped—proof that margin quality beats volume every time. These are the companies fuelin

🟩 The Straits Times Index is knocking on the door of a historic 5,000 points, and the euphoria in the CBD is thicker than a Kopi C. Everyone looks like a financial genius when the tide is rising, but as a forensic auditor, my job is to look past the sparkles to see the rocks underneath. We are staring at a massive psychological ceiling, and if you are chasing capital gains right now without looking at the fundamentals, you might be walking into a trap just as the smart money starts taking profit. In today's deep dive, I strip away the bull market hype and apply the "hard math" to the day's biggest movers. I’m breaking down Singapore Exchange (S68) and its "Toll Collector’s Bonus," performing a forensic audit on StarHub’s (CC3) alarming 46% profit drop, and analyzing whether Far East Hospit

🟩 The Straits Times Index is knocking on the door of a historic 5,000 points, and the euphoria in the CBD is thicker than a Kopi C. Everyone looks like a financial genius when the tide is rising, but as a forensic auditor, my job is to look past the sparkles to see the rocks underneath. We are staring at a massive psychological ceiling, and if you are chasing capital gains right now without looking at the fundamentals, you might be walking into a trap just as the smart money starts taking profit. In today's deep dive, I strip away the bull market hype and apply the "hard math" to the day's biggest movers. I’m breaking down Singapore Exchange (S68) and its "Toll Collector’s Bonus," performing a forensic audit on StarHub’s (CC3) alarming 46% profit drop, and analyzing whether Far East Hospit

🟩 The Straits Times Index is knocking on the door of a historic 5,000 points, and the euphoria in the CBD is thicker than a Kopi C. Everyone looks like a financial genius when the tide is rising, but as a forensic auditor, my job is to look past the sparkles to see the rocks underneath. We are staring at a massive psychological ceiling, and if you are chasing capital gains right now without looking at the fundamentals, you might be walking into a trap just as the smart money starts taking profit. In today's deep dive, I strip away the bull market hype and apply the "hard math" to the day's biggest movers. I’m breaking down Singapore Exchange (S68) and its "Toll Collector’s Bonus," performing a forensic audit on StarHub’s (CC3) alarming 46% profit drop, and analyzing whether Far East Hospit

🟩 The Straits Times Index is finally knocking on the door of 5,000 points—a psychological barrier we haven't touched in a decade. But if you are looking at your screen and feeling nervous rather than celebratory, you aren't alone. While the headlines scream "record highs," the actual floor is slippery. From valuation fatigue in our most reliable "defensive" stocks to massive revaluation "baths" in the property sector, the rising tide isn't lifting every boat anymore. For investors in the "Retirement Red Zone" (ages 50-65), blindly buying the index at these dizzying heights could mean overpaying for safety that simply isn't there. In today’s deep dive, we strip away the corporate hype to look at the hard math behind the biggest movers of 2026. I break down CapitaLand Investment’s shocking 7

🟩 Welcome to the "Retirement Red Zone" of 2026. If you have checked your credit card statements recently, you have likely noticed a disturbing trend: the banks are quietly "nuking" your rewards. The golden era of swiping for easy miles on insurance premiums, property taxes, and medical bills is officially dead. For retirees and investors over 50, this isn't just an annoyance; it is a massive leak in your lifestyle portfolio that is costing you thousands in lost travel value while inflation eats away at your cash In this episode, we are conducting a full 2026 Retiree Mile Audit. We are moving beyond the simple "swipe and hope" strategy to deploy institutional-grade arbitrage tactics. I will break down exactly how to bypass the new "MCC Nukes" using specific tools like CardUp and Citi PayAll

🟩 Welcome to the "Retirement Red Zone" of 2026. If you have checked your credit card statements recently, you have likely noticed a disturbing trend: the banks are quietly "nuking" your rewards. The golden era of swiping for easy miles on insurance premiums, property taxes, and medical bills is officially dead. For retirees and investors over 50, this isn't just an annoyance; it is a massive leak in your lifestyle portfolio that is costing you thousands in lost travel value while inflation eats away at your cash. In this episode, we are conducting a full 2026 Retiree Mile Audit. We are moving beyond the simple "swipe and hope" strategy to deploy institutional-grade arbitrage tactics. I will break down exactly how to bypass the new "MCC Nukes" using specific tools like CardUp and Citi PayAl

🟩 DBS just announced a record S$13.1 billion profit for FY2025, yet the share price immediately took a hit right at the open. For investors in the "Retirement Red Zone," this market tantrum is a flashing warning sign that the "easy money" era from high interest rates is officially over. If you are banking on that fat dividend for your retirement in Bedok or Jurong, you need to look past the "Record Profit" headlines to understand why the "Lion City" market is suddenly nervous about its national champion. In this deep dive, we strip away the corporate marketing to reveal the "hard math" behind the report. We break down the alarming NIM (Net Interest Margin) squeeze that threatens future payouts, the double-edged sword of their massive "Deposit Fortress," and why the 4Q2025 profit dip is a m

🟩 Is the "Golden Age" of Singapore banks finally over? If you’ve been watching the Straits Times Index this week, you’ve likely felt that familiar anxiety as our traditional safe havens like DBS took a hit after missing earnings expectations. Many investors in the "Retirement Red Zone" are wondering if this 4,934 level marks a market top or if we are just seeing a temporary tantrum. The fear of a pullback is real, especially when the reliable dividends we depend on seem to be under pressure from shifting interest rates and global uncertainty. But what if I told you this isn't a collapse, but a massive sector rotation into the "Second Engine" of the Singapore economy? In this video, I break down exactly why the smart money is quietly moving away from pure banking plays and into the new heav

🟩 The Straits Times Index is flirting with the critical 5,000-point psychological ceiling, a milestone we haven’t seen in a generation. For investors in the "Retirement Red Zone," this euphoria brings a dangerous temptation to chase gains just as the market hits a potential peak. With bond yields sliding and US tech volatility spilling over into Asia, the big question remains: are we on the verge of a historic breakout, or is the "Smart Money" already quietly heading for the exits while retail investors rush in?In this episode, we strip away the corporate hype to look at the "hard math" behind the week's biggest movers. We break down the massive "Valuation Gap" in Singtel following its KKR deal, analyze why CapitaLand India Trust (CLINT) has suddenly become a market darling, and investigat

🟩 The "boring" Singapore market just woke up. The SPDR Straits Times Index ETF (ES3) has smashed through the five-dollar barrier, proving the critics wrong who called the STI a "flatline" index for years. But now that we are trading at record highs in February 2026, every serious investor is asking the same dangerous question: Is this the peak before a painful drop, or is the Singapore yield engine just finding its second gear?In today's video, we strip away the noise and look strictly at the math. We’re breaking down the "Bank Fortress" capital driving the eighteen-cent dividend payout and analyzing why the fund is trading at such a premium right now. But we aren't just looking at the good news; I’m also exposing the three critical red flags—including the "NIM Squeeze" and mean reversion

🟩 The Straits Times Index is knocking on the door of 5,000, a psychological milestone that brings both excitement and vertigo to the Singapore market. While the headline numbers suggest a broad bull run, a look under the hood reveals a "spicy rotation" where cost pressures are mercilessly separating the quality wheat from the chaff. We are seeing a market environment where the "easy money" phase is fading, and the gap between institutional winners and retail traps is widening rapidly. If you are blindly buying the index at these elevations, you might be exposing your retirement portfolio to risks that the mainstream headlines aren't covering yet. In this deep dive, we strip away the noise and look at the raw math behind the market's biggest movers. We analyze whether SGX Group (S68) has ru

🟩 Singapore is officially launching its National Space Agency in April 2026, and the hype surrounding ST Engineering (S63) has reached stratospheric levels. With a massive $32.6 billion order book and headlines promising a new era of satellite constellations, the narrative is intoxicating. However, with the stock trading near $9.95 and P/E ratios hitting 40x, smart investors are asking the ten-dollar question: Are we buying into the final frontier, or just chasing a financial mirage?In this deep dive from the Pit, we strip away the sci-fi headlines to examine the hard numbers behind the "National Champion." We analyze the new Incremental Dividend Payout Model to see if the future yield can actually justify the current premium. We also put S63 through a rigorous Health Check, comparing its

🟩 The Straits Times Index is nearing the massive 5,000-point mark. This height makes many investors nervous. Are you sitting on cash and waiting for a crash? You might be making a mistake. The big banks are taking a break. But the "second engines" of the market are finally firing up.In this video, I reveal the structural shift happening right now. We dive into the heavy hitters waking up in the industrial sector. I analyze Mapletree Industrial (ME8U), ESR-LOGOS (H78), ST Engineering (S63), and Keppel Infrastructure (A7RU). We look at why recent price drops are actually opportunities. I also explain why "boring" infrastructure is your best defense today.