🦎 𝐈𝐆𝐆𝐘 𝐌𝐈𝐃𝐃𝐀𝐘 𝐁𝐑𝐈𝐄𝐅 — 𝐉𝐔𝐍𝐄 𝟐𝟐, 𝟐𝟎𝟐𝟔

🍱 Lunchtime check-in, Iguanas. Here is what the morning session told me.

𝐌𝐎𝐑𝐍𝐈𝐍𝐆 𝐒𝐄𝐒𝐈𝐎𝐍 𝐑𝐄𝐂𝐀𝐏

STI level is data pending. The session opened lower after oil prices rose above US$80 a barrel on renewed Strait of Hormuz tensions, per The Edge Markets. Banks recovered through the morning, while Thai Beverage and Addvalue Technologies saw elevated volume. Volume tone was mixed. Banks traded near their averages. Thai Beverage saw above-average turnover. Iggy's one-line read: Signal, not noise. The market is rotating between energy-sensitive names and defensive dividend plays.

𝐓𝐇𝐑𝐄𝐄 𝐌𝐎𝐕𝐄𝐑𝐒 𝐈𝐆𝐘 𝐈𝐒 𝐖𝐀𝐓𝐂𝐇𝐈𝐍𝐆

👁 𝐓𝐡𝐚𝐢 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 (𝐘𝟗𝟐), 𝐝𝐨𝐰𝐧 𝟏.𝟏%

Trading at S$0.440 on volume of 16 million shares. CGS International maintains a Buy rating with a S$0.58 target and DBS has a S$0.62 target. Trailing yield cited at 5.2 percent with a payout ratio of 58.5 percent, per analyst coverage. No Iggy forensic zone assigned pending Doc 6 entry.

👁 𝐀𝐝𝐯𝐚𝐥𝐮𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 (𝐀𝟑𝟏), 𝐮𝐩 𝟐.𝟕%

Trading at S$0.152 on volume of 48 million shares. The board announced on June 20 the passing of non-executive director Paul Clark Burke. Maybank maintains a Buy rating with a S$0.31 target.

👁 𝐎𝐂𝐁𝐂 (𝐎𝟑𝟗), 𝐮𝐩 𝟏.𝟐%

Recovering to S$24.92 after a lower open. Transitional CET1 at 17.0 percent provides a capital buffer. Trailing yield at current price does not yet clear the 4.7 percent hurdle.

𝐌𝐀𝐂𝐑𝐎 𝐏𝐔𝐋𝐒𝐄 𝐂𝐇𝐄𝐂𝐊

Oil prices rose above US$80 a barrel after renewed Strait of Hormuz tensions over the weekend, per The Edge Markets. US and Iranian officials held a second day of talks following escalating threats. This supports the morning session move, with banks recovering as rate expectations firm and energy-sensitive names facing headwinds.

Not financial advice. Iggy's Forensic Compliance Standards apply.