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$Frencken(E28.SG)Frencken (E28) remains under pressure after the recent semiconductor sector correction, despite strong long-term demand for AI and advanced chip manufacturing.

Recent weakness reflects cautious sentiment toward semiconductor equipment stocks rather than a major change in fundamentals.Waiting for clearer confirmation that buying momentum has returned before adding to my position

A sustained rebound above key resistance with stronger volume would increase confidence that the uptrend is resuming.

📈 For now, patience may be the better strategy while waiting for clearer confirmation.

AI and semiconductor stocks have staged an impressive rebound, but waiting for earnings to confirm that the recovery is backed by fundamentals. Tonight's Tesla and Alphabet results could set the tone for the market's next move. Forward guidance and AI demand will matter more than the headline numbers. If management remains confident about AI-driven growth, accumulating quality companies on healthy pullbacks may offer a better opportunity than chasing the current rally

$SoFi Tech(SOFI.US)SoFi Technologies is trading around US$17.30 recovering alongside broader growth stocks as investors regain confidence in the AI and fintech sectors. While the stock remains below its recent highs, improving market sentiment and expectations for lower interest rate pressure are helping support a rebound ahead of earnings.

Attention now turns to SoFi’s Q2 earnings on July 29, where investors will be watching member growth, deposit growth, lending performance, financial services revenue, and management’s outlook. With options markets pricing in a significant post-earnings move, volatility is likely to remain elevated over the coming sessions.

📈 Cautiously Bullish – Long-term growth story remains intact, but near-term price action will likely be driven by earnings expectations and management guidance

AMD's Azure win and Google's custom AI chip efforts reinforce that AI demand remains strong beyond Nvidia.Current weakness as sector rotation rather than the end of the AI cycle. If chip stocks pull back while fundamentals remain intact, sentiment-driven weakness could present attractive opportunities to add quality AI names. At the same time, maintaining some energy exposure provides a useful hedge against higher oil prices and geopolitical risks.

$UMS(558.SG)UMS Integration continues to benefit from long-term AI and semiconductor equipment demand, but recent weakness across global chip stocks has weighed on sentiment. With the stock trading near a key support zone, investors will be watching for signs of stabilization as the market digests semiconductor earnings.

📊 A sustained move above S$2.60 could signal renewed bullish momentum and pave the way toward S$2.80–2.90. However, if semiconductor selling persists, expect the stock to consolidate around current levels before the next move.

UMS offers a compelling combination of AI exposure, solid earnings potential, and lower volatility than many semiconductor peers. For long-term investors, the current pullback could present an attractive accumulation opportunity while keeping an eye on the broader chip

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$SingTel(Z74.SG)Singtel continues to outperform many SGX stocks despite ongoing volatility in global technology and semiconductor sectors. The stock is holding firmly above its key support, showing that investors are still accumulating quality defensive names.

With stable earnings, attractive dividends and continued growth in digital infrastructure and regional associates, Singtel remains one of the stronger blue chip plays on the SGX.

If the broader market stays supportive, Singtel could continue its gradual climb toward new highs.

Buyers Still Defending Key Support - Defensive qualities, consistent dividends and institutional interest make it a stock worth watching for further gains

* TSMC's strong results reaffirm that AI demand remains resilient despite the market's negative reaction

* Chip selloff looks more like broad profit-taking after a strong rally than a deterioration in fundamentals

* Key support levels will determine whether this is a healthy pullback or a deeper correction.

* Focus on volume and price action rather than reacting to headlines alone

* Staying on the sidelines until buying momentum returns and the trend is confirmed remains the prudent approach

* The long term AI trend remains intact unless major support levels are decisively broken

* Keeping Nvidia, TSMC, SK Hynix and Broadcom on my watchlist for potential buying opportunities when the technical setup improves

$Daiwa Hse Log Tr(DHLU.SG)Daiwa House Logistics Trust continues to trade around S$0.485, holding near support despite recent market volatility. While the share price has been relatively quiet, it remains attractive for income investors with a dividend yield close to 9% at current prices.

As interest rate expectations ease and investors continue searching for stable dividend income, logistics REITs like DHLU could attract renewed attention. A sustained move above S$0.50 would strengthen the technical outlook.

💡DHLU offers a combination of defensive cash flow, attractive yield, and long-term stability. For dividend-focused investors, patience could be rewarded as the interest-rate environment becomes more supportive

"Chip selloff" feels more like a healthy pause than the end of the AI rally. After such a strong run, some profit taking is only natural. I'll be watching whether key support levels hold and how the market reacts to TSMC's earnings and guidance. If AI demand stays strong and companies continue delivering solid earnings, this pullback could become another buying opportunity. For now, patience and disciplined risk management remain the best strategy.

$SoFi Tech(SOFI.US)SoFi Technologies is trading around US$18.25, remaining under pressure after a recent rally as investors lock in profits ahead of its Q2 earnings on July 29. Despite the short-term weakness, the broader uptrend remains intact as softer CPI/PPI data eases concerns over aggressive Fed tightening.

The upcoming earnings report will be the next major catalyst, with investors watching member growth, deposit growth, loan originations, financial services revenue and management’s full-year guidance. The launch of SoFi’s new Social 50 Income ETF also strengthens its long-term fintech ecosystem, although its near-term financial impact is expected to be modest.

📈 Cautiously Bullish – Near term volatility is likely before earnings, but improving inflation data and continued business growth support a positive medium-term outlook

Cooling CPI boosted sentiment, but the real story was the shift in sector leadership and capital flows.

IBM's selloff reinforces that AI spending is shifting toward chips, memory, and infrastructure rather than software.

Leadership from SK Hynix, Nvidia and semis suggests AI capex remains strong despite near-term pressure on software.

ASML and TSMC earnings are the next key catalysts to confirm whether this AI infrastructure trade still has momentum

$Keppel(BN4.SG) is trading at S$11.44, down 1.29%, as investors take profits ahead of tonight’s U.S. CPI data and major U.S. bank earnings. The weakness is largely driven by broader market caution rather than company-specific news.Despite today’s decline, the stock remains well above its recent support levels, suggesting the longer-term uptrend is still intact. Higher oil prices could continue to support Keppel’s energy and offshore businesses, although rising bond yields may keep near term sentiment cautious.

📊 A decisive break above resistance could reignite bullish momentum toward S$11.90, while holding above support would indicate this is simply a healthy consolidation.

Keppel continues to benefit from its diversified exposure to infrastructure, energy transition, asset management, and data centres, providing a solid long-term growth story.

📈 Cautiously Bullish – Short term volatility is expected, but as long as S$11.00 holds, the medium term outlook remains constructive.

June CPI should still reflect the lower oil prices seen for most of the month, but the recent jump in crude could make July inflation more challenging. Tonight's bank earnings will also be important if loan demand and credit quality remain resilient, markets may look past short term inflation. I'll be watching CPI first, then how Treasury yields react before making any new positions.

It's the inflation print. US CPI will likely be the biggest market mover this week because it shapes Fed expectations, Treasury yields and the direction of growth stocks, REITs and global equities. Bank earnings will reveal the health of the economy, while the oil shock could drive energy prices higher, but CPI is still the key catalyst that could determine overall market sentiment

$Grab(GRAB.US)Grab continues to build a constructive base after its recent rally, with buyers defending key support levels as the stock consolidates near recent highs. The price action suggests that selling pressure has eased, allowing the stock to prepare for its next potential breakout.

Technically, Grab remains in an overall bullish trend with higher lows still intact. As long as the stock holds above its immediate support, momentum remains favourable. A decisive move above the recent resistance could trigger another leg higher as investors rotate back into Southeast Asia’s leading super app.Fundamentally, Grab continues to benefit from improving profitability, steady growth in Mobility and Deliveries, and expanding contributions from its Digital Financial Services business. Ongoing share buybacks and a disciplined focus on earnings continue to strengthen investor confidence

$Keppel(BN4.SG)Keppel remains firmly in a bullish longer-term uptrend, extending its impressive rally to close the week at +5.42% after weeks of steady accumulation. The stock continues to be one of the strongest performers on the SGX supported by sustained buying momentum, improving investor sentiment, and strong institutional interest.

From a technical perspective, Keppel has maintained a healthy structure of higher highs and higher lows. While some short term profit-taking may emerge following the recent sharp advance, the overall trend remains constructive. As long as the stock holds above the key support level, buyers are likely to remain in control. A decisive breakout above could trigger another leg higher towards S$11.80–12.00.Fundamentally, Keppel continues to benefit from its diversified exposure to infrastructure, energy transition projects, data centres and asset management. These long term structural growth drivers, together with resilient earnings, continue to underpin positive sentiment and support the stock’s bullish outlook