📊 SGX WEEKLY WATCHLIST — GAINERS TRAP
Retail is chasing Geo Energy (RE4) after a 17.4% spike, but the forensic math shows the upside is already exhausted at just 5.6% left. $Geo Energy Res(RE4.SG)
The real anomaly is China Aviation Oil (G92): up 11.5% but still holding a 17.3% upside runway, backed by near-zero debt (0.4%) and a fortress 7.9 Z-Score. $China Aviation(G92.SG)
🦎 Iggy's Note: CAO is a play on jet fuel demand and oil price volatility.
The Opportunity: With international travel hitting 92% of 2019 levels and the Shanghai Pudong Airport expansion, CAO is an earnings-growth machine.
The Risk: It is a passive subsidiary in a massive state-owned restructuring. If the merger "swallows" CAO into a larger execution desk, minority shareholders could see their influence and margins diluted.
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