🦎 IGGY MORNING BRIEF, 25 JUNE 2026

Good morning, Iguanas. SGX opens at 9 AM SGT.

OVERNIGHT US SUMMARY

U.S. stocks were mixed overnight. The S&P 500 slipped about 0.1 percent, the Nasdaq lost about 0.43 percent, and the Dow edged up around 0.35 percent. For SGX dividend counters, that is a neutral to slightly constructive setup.

SGX PRE-OPEN PULSE

STI was around 5,218 in the prior session and is slightly soft in early trade. SGD is broadly steady. No major Singapore data is expected this morning.

THREE STOCKS ON IGGY'S RADAR

👁 AEM Holdings (AWX)

Up about 9 percent intraday, with heavy volume above 7.5 million shares. The move follows Q1 results showing revenue up 35.8 percent year-on-year and raised full-year guidance, driven by AI and high-performance computing test demand. Not a dividend play, but worth watching as a sentiment signal.

👁 Mapletree PanAsia Commercial Trust (N2IU)

Flat on the day, but trading heavy with more than 8.6 million units. High volume without price movement is worth noting. Watching price and volume only for now.

👁 Sembcorp Industries (U96)

Up 0.62 percent at S$6.51 on over 4 million units. No major catalyst visible. Keeping it on the watchlist.

IGGY'S GAME PLAN

STI is drifting slightly lower with no strong macro driver. AEM is the standout mover and signals semiconductor and AI interest. For CPF and SRS investors, the main read today is the REIT and bank tone. Mapletree PanAsia's volume at flat price is the key question. No change to current positions.

Not financial advice.