NewUser_CkrdqW

SG raised its full year forecast for real gdp growth after another great Q3, with AI and net exports of value added goods & services being the major factor. Comparing this similar statistics to last year, this could indicate that we might see another 15% growth of our economy. However, the exponential growth of AI has ironically led to the automation of middle to high income jobs, causing the job market to tighten. With rising university graduates and higher employer expectations, this could be a worrying concern for the fresh graduates and those not adapting the use of AI in the next few years.

$Netflix(NFLX.US)

Context: Netflix beat estimates for earnings and matched views on sales in the third quarter. But the internet television network missed Wall Street's targets for the current period and fell in after hours. The company earned 87 cents a share on sales of $12.87 billion in the September quarter. Analysts had expected earnings of 82 cents a share on sales of $12.87 billion. On a year-over-year basis, Netflix earnings rose 47% while sales climbed about 12%. For the current quarter, Netflix forecast earnings of 67 cents a share on sales of $13.44 billion. Wall Street was modeling Netflix earnings of 73 cents a share on sales of $13.52 billion. In the same quarter last year, the subscription streaming video leader earned 56 cents a share on sales of $12.05 billion. The company narrowed its 2026 full-year forecast, saying it now expects revenue to reach $51.1 billion, a 13% increase over the year prior. This is on the low end of the range Netflix provided during its previous earnings report of between $51 billion and $51.4 billion and below Wall Street's expectations of $51.2 billion for the year.

My Trade: I am buying the dip again, but not aggressively. Fundamentals and earnings statistics prove that Netflix is still growing, albeit not at the high rate that everyone expects. Buy when others are fearful, but manage the expectations and size of purchase.

Takeaway: "With intense competition and an explosion of content competing for consumer attention, strategic clarity and excellent execution are critical" was what Netflix promised in their shareholder letter. I still believe in the healthy but slower growth of the company, along with better ad revenue growth. However, this is going to be a long ride. @Captain's Treasure

High expectations for Meta following its initial success with Muse and overall higher hopes since last earnings. With the recent retrace of Meta's share price, beating expectations could send the stock soaring back up to $700+. On the other hand, SpaceX is too volatile and could swing either ways but I don't think it will come out top.

I am still in the long game and DCA for reits etfs and STI etf - not a huge worry during pullbacks for etf as they compound over time. If not buy during the dips then when else to buy? DYODD

Economic data are always lagging, and September's hot print showed that actions may need to be taken earlier than expected. That said, I think the main interest rate hike will still come after October, so let's see

$Taiwan Semiconductor(TSM.US)

Context: TSMC reported its third-quarter 2026 financial results. Driven by sustained growth in demand for AI chips and advanced nodes, both revenue and net profit reached record highs, with net profit surging nearly 69% year-over-year and beating market expectations. Financial results showed that TSMC's third-quarter revenue reached $46.72 billion, up 50.9% year-over-year and 17.6% quarter-over-quarter, exceeding the company's previous revenue guidance of $44.6 billion to $45.8 billion; net profit was also up 68.7% year-over-year and higher than analysts' expectations. In terms of profitability, the data showed it remained at a high level, with Q3 gross margin reaching 66.4%, up significantly from 59.5% in the same period last year, but down 1.3 percentage points from Q2; operating margin reached 58.7%, and net margin was 51.1%. TSMC stated that the sequential decline in gross margin was mainly affected by margin dilution from the initial volume production of its 2nm node.

My Trade: TSMC was up in the previous weeks before it retraced to a more reasonable level. Now, with hotter than expected CPI, it has dropped back to $400 and I'm buying the dips.

Takeaway: Advanced process technologies remained the core driver of this performance growth. In Q3, 2nm, 3nm, 5nm, and 7nm process technologies contributed 8%, 33%, 28%, and 10% of wafer revenue, respectively, with advanced technologies of 7nm and below accounting for a combined 79%. Among them, the revenue contribution from 2nm rapidly rose from 3% in the second quarter to 8%. By application, High-Performance Computing (HPC) revenue share rose further to 68%, up from 57% in the same period last year, reflecting that demand for AI servers and data center chips remains at a high level. Regarding capital expenditure, TSMC is expected to be in-line with its full-year 2026 capital expenditure guidance of between $60 billion and $64 billion by next quarter. @Captain's Treasure

Huge sell-off continuing today following last night's hotter than expected September CPI. The trend of October being a weak month for stocks continue as almost everything sold off - from tech stocks to banking to conusmer stocks. Back home, the STI is at its weakest in months, giving up nearly 6% of gains in the past few weeks

$Salesforce(CRM.US)

Context: Singapore’s Infocomm Media Development Authority (IMDA) and Salesforce have announced a Slack AI Launchpad Programme intended to help up to 1,000 small and medium-sized enterprises build AI-enabled workflows. The two-year initiative will offer qualifying participating SMEs a 60-day Slack Business+ trial for as many as 10 users, paired with two workshops. The workshops are intended to help businesses identify an operational process suitable for automation and implement at least one AI-assisted workflow. The arrangement supports Singapore’s National AI Impact Programme, which aims to help 10,000 enterprises advance AI adoption over three years. The Slack initiative is one of several pathways under the national effort, rather than a commitment to supply free software to all 10,000 businesses.

My Trade: Still waiting patiently for my Profit target of $260. Although Salesforce has shown resilience and recovery after the software sector downturn, it has trailed behind other software companies in terms of recovery.

Takeaway: The program is designed around the challenge of moving from AI awareness to concrete use cases. This could prove useful for SG as the initiative to encourage companies to adopt and integrate AI into the day to day operations of their businesses allows them to keep up with the times. @Captain's Treasure

1B 2B 3A

I think the rising oil and energy prices have been factored in even in the past month's data. Headline inflation will probably stay in line with expectations

$Meta Platforms(META.US)

Context: Meta is building early traction around its Muse AI platform, but BNP Paribas analyst Nick Jones says the product still needs to prove sustained engagement and a clearer path to monetization. Muse downloads show early momentum and have accumulated more than 8.2 million downloads since its Sept. 8 launch. Meta also launched a native iPad version of Muse on Oct 7. Muse’s early U.S. downloads surpassed Sora and ChatGPT, helped by Meta’s large installed base across Instagram, WhatsApp and Facebook. Meta currently charges partners small transaction fees, while Muse remains free at the basic level and offers monthly subscriptions for heavier usage. Long-term monetization remains uncertain, though advertising could become more meaningful if engagement increases.

My Trade: I am not in a hurry to rush into this current bullish momentum. "Everyone is a genius in a bull market" and although I believe current share price is still slightly undervalued, I think that there is potential for it to drop back closer to $700 or lower.

Takeaway: Stagnant daily active users, even with steady downloads, could signal that Meta needs to adjust the product to improve market fit. @Captain's Treasure

Wed's CPI and Thursday's PPI 👀. I'll be looking forward to TSM after the recent pullback following a new 52 weeks high. My early prediction is that the earnings will be great enough for a slight bullish momentum.

Hi Iggy, kudos and thanks for sharing your story 👏

You mentioned that buying into our local 3 banks didn't clear your own criteria + you didn't buy them for dividend income as well. Yet, you invested into all 3 as they rose higher and higher in the past year, so much so that the recent steep dips still have the banks being overvalued based on their P/B. My questions to you are as follows:

1. This is a perfect example where price is higher than theoretical valuation, but business fundamentals remain solid. When and what aspects allow you to make that conviction to break your own rules and say "yup, this is the one"?

2. Do you also invest in similarly positioned banking stocks (e.g. Hong Kong banks like ICBC, BoC etc)? If so, could you share your experience diversifying your assets in a slightly riskier economy where govt policies could potentially sway in any direction? If no, why not?

Cheers 😊

$Amazon(AMZN.US)

Context: Analysts see greater potential for companies that can generate capacity from existing sites instead of building new reactors. AI is driving up demand for nuclear power, as evidenced by Google and Amazon's recent deal with Constellation Energy. Artificial-intelligence companies turning to nuclear energy isn't exactly new. But recently, technology giants have been striking nuclear deals that focus on "uprates," or an expansion of capacity for existing nuclear sites, rather than building new ones. One big benefit of uprates is that companies like Google and Amazon don't have to deal with the uncertainty that comes with building a new site.

My Trade: Amazon has definitely lagged the other Mag 7 companies in terms of share price, but I believe it is still fighting at the front for growth. My position is to accumulate and patiently ride out.

Takeaway: The U.S. Energy Department announced a $4.2 billion loan to Vistra (VST) to finance uprates and improvements to existing nuclear sites. This indicated their preference and support for expanding current facilities instead of risking more to build new ones. @Captain's Treasure

The good days of investing locally are over? I was pretty vocal and proud previously over the past 6 months that our local banks and STI have been outperforming the S&P, but the recent sell rating from Citi + reduced board lot shares means more people are inclined to take profits first and sell, forcing the bank shares to be down close to 10% in 2 days. IMO, this pullback was long overdue but I did not expect the drop to be this steep in such a short period of time.

Sharp drop for OCBC today with the analyst's downgrade and partnership with Ant. The recent reduced board lot size also allows for investors to participate in increased trading volume since they have the flexibility to now buy/sell with lesser capital needed. Hence why we are seeing the huge increase in trading volume and the huge drop of as much as 6% for OCBC. This has also dragged the local index as well as DBS & UOB down by 1%+, which is probably the steepest drop in quite some time