To The Moon

While US markets extended gains on potential Iran talks, smart money in Singapore rotated aggressively last week.Net institutional inflows hit S$33 million (vs. -S$121 million the prior week), according to SGX data.Where did they go?Not the usual REITs. Industrials saw the biggest net buys (+S$49.8m), followed by Energy (+S$3.3m), while Technology was dumped (-S$27.9m).Two names stand out — one a shipping asset owner with a 20% cost advantage, the other a telco/ICT turnaround tripling its dividend.Let's decode.1. YZJ Maritime (BS6 SG): The "Asset Play" No One Is Talking About 🚢Institutional angle: Yangzijiang Maritime is often seen as a builder. But their maritime leasing arm (YZJ Maritime) just quietly secured US$89.8m in vessel leases — 12 tankers + 1 AHTS vessel, tenure 1–8 years.Why in

1. Macro View: BCA Research on Tariffs, China, and What Comes Next 🧠US futures jumped more than 2% after Trump agreed to a two-week ceasefire with Iran. Singapore, however, stayed quiet — daily market value slipped to S$1.43 billion.But two names still stood out. One is an infrastructure trust offering nearly 8% yield while quietly moving into digital assets. The other is a commercial vehicle specialist capitalizing on Singapore's EV push.Before diving into the stocks, here's what BCA Research has to say about the broader macro picture.BCA sees the recent SCOTUS tariff ruling and Trump's follow-up 15% global tariff as only marginal relief for China. The effective tariff on Chinese goods drops from ~29% to roughly 24% — not enough to change existing rerouting strategies.Their core views:Chi

Lendlease REIT 4.28% Perp Reality | SGX Daily Pulse 15 Apr | 🦖EP1548 The market cheered Lendlease's 4.28% perp pricing as a refinancing win, but an ICR of 1.8x means the income floor is one bad quarter from cracking. With gearing at 38.4% against a 35% forensic ceiling, this is not de-risking — it is a debt wall dressed in a lower coupon. For anyone deploying S$100,000 from CPF or SRS into a yield play right now, the math is unforgiving. The 6-month T-Bill sits at 1.47%, the forensic floor is 3.2%, and the minimum equity hurdle is 4.7% — and LREIT's perp clears none of those bars on a risk-adjusted basis. Capital protection demands you ask what you are paid to accept, not just what the manager is willing to offer. 📺 YouTube: https://youtu.be/sQ3PW4zG72A 📩 Substack: https://investingiguana.