To The Moon

📌 STI Hits Record Winning Streak 🚀 — More Upside Ahead or Time to Cash Out?

📈 $STI.SI$ just logged its 12th straight green day — the longest streak in history!

It’s the kind of run that makes even Wall Street jealous — but with H1 earnings season around the corner, can this rally go even further… or are we nearing a reversal? 🤔

🏦 What’s Driving STI?

Singapore’s blue-chip benchmark is riding a powerful wave — and the big banks are leading the charge. $D05.SI$ (DBS), $U11.SI$ (UOB), and $O39.SI$ (OCBC) have all climbed steadily on optimism around net interest margins and fee income recovery.

Telcos like $Z74.SI$ (Singtel) are attracting yield-hungry investors as global rate cuts edge closer. And industrials — from Keppel to Sembcorp — are riding tailwinds from infrastructure spend, green energy themes, and overseas exposure.

Meanwhile, macro conditions are cooperating. Singapore’s GDP growth beat expectations last quarter, the SGD is stable, and inflation is cooling. All signs point to confidence — but earnings could shake that up quickly.

📊 What to Watch in H1 2025 Earnings

Banks will be the bellwether — all eyes on whether they can maintain profitability as loan growth slows. DBS and UOB report in the coming weeks — will they beat on NIMs or guide cautiously? 📆

REITs could spring surprises too. While rate cuts are supportive, rising vacancy rates and muted rental reversions might crimp optimism. Watch $C38U.SI$ (CapitaLand Integrated), $M44U.SI$ (Mapletree Logistics) and $A17U.SI$ (Ascendas).

Telcos and property developers will also be in focus. Can Singtel deliver on cost discipline and regional growth? Will City Developments or CapitaLand show housing market resilience?

Investors are watching not just results — but forward guidance. Any sign of earnings misses or margin compression could jolt this rally hard. 📉

📉 Will the Rally Hold?

Twelve straight up days is rare — and some traders are eyeing overbought levels. RSI on $STI.SI$ is nudging into technical caution territory.

The bull case? Earnings surprise to the upside, rate cuts accelerate globally, and foreign funds keep pouring in.

The bear case? A disappointing bank season, geopolitical tremors (watch China-US headlines), or profit-taking after a record run.

Technically, the index is approaching resistance around 3,450. A strong breakout could ignite FOMO — but a rejection might mean consolidation ahead. 🧭

💬 What Do You Think?

📈 Will $STI.SI$ push even higher post-earnings — or is it time to trim and take profits?

🧠 Which SG stocks are you watching closest this earnings season?

👇 Sound off — are you riding the wave or prepping your parachute?

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