Jeanine

$SATS(S58.SG)

SATS has climbed to S$4.73 and is holding at a new 52-week high.

Its latest growth plan involves AI and “F1-style telemetry” across its global aviation and cargo network. But the real opportunity is not the buzzword—it is operating leverage.

SATS runs a large, complex network where small improvements in staffing, cargo flow and aircraft turnaround times can add up quickly. If the platform reduces delays and improves asset utilisation, revenue does not need to rise dramatically for margins to expand.

That matters because SATS is moving from recovery into optimisation. Aviation demand and cargo volumes have improved, earnings are recovering, and analysts have raised their targets. The next stage is proving that its expanded global footprint can generate better returns, not merely more revenue.

The risk is that the stock has already reached a fresh high, so investors are beginning to price in successful execution.

My view: the AI strategy could become a genuine margin catalyst, but the next earnings report must show measurable productivity gains. Otherwise, the headline may have moved faster than the fundamentals.

$AMC ENT(AMC.US) 🍿🎬

AMC Entertainment surged after reporting a much stronger-than-expected second quarter.

Revenue increased 14.2% year-on-year to a record US$1.60 billion, while adjusted earnings reached US$0.14 per share, beating expectations for a loss. Adjusted EBITDA also jumped approximately 70% to US$321.4 million, and AMC generated US$190.1 million in free cash flow as cinema attendance recovered strongly.

The results were supported by a stronger blockbuster slate and higher demand for premium cinema formats. More than 4.3 million moviegoers also visited AMC and Odeon locations during the opening weekend of The Odyssey, providing further momentum heading into the next quarter.

AMC still carries substantial debt and dilution risk, so one record quarter does not completely resolve its longer-term challenges. However, the sharp improvement in earnings, attendance and free cash flow suggests that the cinema recovery is finally translating into stronger operating performance.

I will be watching whether this momentum can continue through the upcoming film slate.

$PepGen(PEPG.US)

PIPELINE, FINANCIALS & PRICE OUTLOOK

PepGen’s 5 mg/kg Phase 2 FREEDOM2-DM1 cohort showed the drug was generally well tolerated, while early results suggested potential clinical benefit.

However, the mixed efficacy data disappointed investors and triggered a sharp selloff in March. The US portion of the trial remains under a partial FDA hold, while approvals in Australia, South Korea and New Zealand allow the study to continue internationally. Its cash runway extends into the second half of 2027, reducing immediate financing pressure.

Technically, PEPG has stabilised above its $2.33 low and is now testing the $2.50 area. Holding around $2.44–$2.50 would keep the recovery setup intact, while a break above $2.62 could open the door to another leg higher.

For now, the stock remains a recovery story in progress, with the next higher-dose data likely to determine whether this rebound can become more sustainable.

$Ford Motor(F.US) 🚘🚗

The last time I posted about Ford, my position was up more than 23%. Since then, the stock has given back most of those gains and is now trading close to my original cost again.

Earlier this week, Ford has signed a long-term agreement with Micron for memory and storage platforms used in next-generation vehicles.

As cars become more software and data-driven, securing this technology could become increasingly important. Ford’s Q2 U.S. sales were also pressured by lower F-150 inventory, making supply reliability another area worth watching.

The Micron deal does not solve that specific issue, but it does show Ford continuing to build the technology infrastructure behind its future vehicles.

With Q2 earnings coming on 28 July, I’m watching whether the recent weakness is temporary.

Still holding. 👀

$Clean Energy Fuels(CLNE.US) has spent weeks hovering around the $2 level, but the underlying story has been developing much faster than the share price.

Recent developments across renewable natural gas production, fleet fueling infrastructure and commercial energy support have continued to strengthen CLNE’s position in lower-carbon fuel infrastructure.

The East Valley Cattle project has moved into RNG production, while CLNE has also expanded its infrastructure footprint through LNG systems in Puerto Rico and continued investment in CNG fueling stations for heavy-duty and commercial fleets.

What I find interesting is how these developments connect. CLNE is not relying on a single project or headline. It is building and operating the infrastructure needed by fleets and commercial users looking to reduce dependence on conventional diesel without waiting for full electrification.

With CLNE finally beginning to move above the range it had been stuck in, I’m watching whether the market is starting to price in that operational progress. For me, the next key question is whether the stock can hold above the $2 level and build sustained momentum through its recent trading range.

$Butterfly Network(BFLY.US)

A Bigger Story

Butterfly Network has become one of my stronger portfolio movers, with the position now showing a major gain after the stock continued pushing higher.

What first made Butterfly interesting to me was its handheld ultrasound technology — a portable and software-driven approach to medical imaging.

The bigger surprise was its five-year co-development and licensing agreement with Midjourney. What makes this interesting is not just BFLY getting an AI-related partner, but Midjourney itself moving into a completely new area beyond image generation.

That gives BFLY a new layer to the story: ultrasound-on-chip, licensing revenue, embedded technology and possible AI imaging applications.

I trimmed some shares to lock in profit, while continuing to hold the rest as momentum kept building. In hindsight it may look early, but partial profit-taking is still part of managing a winning trade.

For me, BFLY is a good reminder that patience can pay when the company story improves before the market fully prices it in.

Sometimes the win is not about selling the exact top — it is about recognising a stronger story, taking some profit, and still letting the rest run.

🦋 In BFLY’s case, the butterfly did not just fly.

It found Midjourney and entered its AI era.

$AMC ENT(AMC.US)

AMC is worth an update because the latest move is not just another random meme-stock spike — there are a few things lining up behind the price action.

The stock recently pushed higher on strong volume, closing around $2.49 after a sharp daily move. What stood out is that volume was meaningfully above its recent average, which suggests this was not just a quiet drift upward.

Fundamentally, the cinema recovery story is also looking better than it did previously. AMC’s Q1 2026 revenue grew 21.2% year-over-year to about $1.045B, attendance improved 13.6%, and adjusted EBITDA turned positive at $38.3M. That matters because AMC has long been weighed down by debt and cash flow concerns, so any sign of stronger operating leverage is worth watching.

The company has also been working on its balance sheet, including refinancing activity and a $425M term loan through its Odeon subsidiary. This does not remove the debt risk completely, but it does give the company more breathing room while it tries to benefit from a stronger box office cycle.

For me, AMC is still a high-risk turnaround and momentum name, not a clean long-term compounder. The key question now is whether the stock can hold its recent move and build above this range, rather than fading back after the volume spike.

Position is currently green, so I’m watching this as a momentum recovery setup with better-than-before fundamentals — but with debt risk still firmly on the checklist.

$Redwire(RDW.US) 🚀🍓

RDW has been a volatile but interesting trade for me because the stock is moving on both technical momentum and a stronger underlying space infrastructure story.

From a technical point of view, RDW has shown strong momentum after its recent pullback, with buyers stepping back in as the stock recovered. I am watching whether it can continue holding above recent support levels and whether volume stays strong enough to confirm that the move is not just a short-lived spike. For a stock like RDW, I think momentum matters a lot because sentiment can shift very quickly.

On the catalyst side, Redwire recently announced a contract with Astrobiome Space to grow wild strawberries inside Redwire’s Greenhouse aboard the ISS. While the headline sounds fun, I see the bigger point as Redwire proving more use cases for commercial space infrastructure and microgravity research platforms.

The fundamentals also give the trade more substance. In Q1 2026, Redwire reported revenue of $97.0M, YoY growth of 57.9%, gross margin of 26.6%, record backlog of $498.1M, and a book-to-bill ratio of 1.92. To me, the strong backlog suggests demand is there, but the key question is whether Redwire can convert that demand into profitable growth.

I am also mindful of the risks. RDW was recently downgraded by Jefferies from Buy to Hold, even though the price target was raised from $13 to $24. I see that less as a broken thesis and more as a valuation warning after a strong rally. The stock can still have upside, but expectations are higher now.

Overall, my approach with RDW is to treat it as a high-potential but high-volatility space infrastructure trade. I like the long-term story, but for now, I am watching whether RDW can hold its reclaimed levels with volume. If the move loses momentum, I would rather protect gains than chase the space hype blindly.

$Redwire(RDW.US)

RDW has been one of the more interesting space-related names recently, especially with its latest “space strawberries” catalyst.

🍓 Redwire was awarded a contract by Astrobiome Space to grow wild strawberries and test a soil enhancement product inside Redwire’s Greenhouse aboard the ISS. On the surface, it sounds like a fun space agriculture headline. But the more important point is that this marks the inaugural mission for Redwire’s commercial space greenhouse, showing how the company can potentially monetize microgravity research platforms.

This fits into Redwire’s broader space infrastructure story. RDW is not just exposed to one cute catalyst — the company operates across space infrastructure, defense tech, autonomous systems, spacecraft programs, and microgravity research. Its Q1 2026 results also showed strong demand, with revenue of $97.0M, YoY growth of 57.9%, gross margin of 26.6%, record backlog of $498.1M, and a book-to-bill ratio of 1.92.

That said, I would not ignore the risks. RDW was recently downgraded by Jefferies from Buy to Hold, although the price target was also raised from $13 to $24. To me, that sounds less like a broken thesis and more like a valuation warning after a strong rally. The market may still like the space story, but expectations have clearly moved up too.

The key question now is whether Redwire can convert its strong backlog into profitable growth. The backlog shows demand is there, but the company is still working toward consistent profitability.

Overall, I see RDW as a high-potential but volatile space infrastructure play. The “space strawberries” headline is fun, but the real thesis is bigger: commercial space infrastructure, defense demand, and multiple long-term growth angles.

$Virgin Galactic(SPCE.US) 🚀👩🏻‍🚀

SPCE just came onto my radar after a sharp rally and unusually heavy trading volume. The stock has been moving strongly, likely helped by renewed interest in space-related names and Virgin Galactic’s progress toward its next major milestone: the Delta-class spaceship.

What caught my attention is that Virgin Galactic has reopened spaceflight sales at around US$750,000 per seat, while its first new Delta-class spaceship is expected to enter flight testing in Q3 2026. Commercial operations are still targeted for Q4 2026, so there are clearer milestones for investors to watch.

That said, I would treat SPCE as a speculative trade, not a low-risk investment. The company is still pre-commercial for this next phase, has ongoing cash burn, and dilution risk remains something to watch.

For me, the appeal is the momentum and upcoming milestones, but the risk is execution. If Virgin Galactic can stay on schedule with Delta testing and commercial flights, sentiment could remain strong. But after such a sharp move, I would manage position size carefully and avoid chasing blindly.

$Ford Motor(F.US) 🚘🚗

Ford Motor has been sitting in the red in my portfolio for a while, so seeing it finally flip green made me take a closer look at the business again.

What stood out to me is Ford Pro, its commercial and fleet unit, which may be one of the more important parts of the company’s long-term story.

Ford Pro is not just about selling trucks and vans. It supports business customers with fleet vehicles, servicing, financing, telematics, charging solutions, and software tools that help companies manage productivity and vehicle health. That gives Ford a more resilient angle beyond consumer car sales.

What I like is that Ford Pro gives Ford exposure to commercial fleets, logistics, infrastructure spending, and recurring software/service revenue. This could help balance some of the pressure from EV losses, recall costs, competition, and the usual auto-cycle risks.

For me, this is not a “buy blindly because it turned green” trade. I’m treating the green P/L as a chance to reassess whether the business story is improving. Ford Pro is the main reason I’m still interested, because it makes Ford look less like just an old-school automaker and more like a commercial mobility and fleet-services play.

$Seatrium(5E2.SG)

Seatrium has been one of the more interesting stocks in my SG portfolio because it is not just a short-term price move, but a turnaround story.

The company is exposed to offshore, marine and energy infrastructure projects, and the market seems to be paying more attention as execution improves and its order book becomes a bigger part of the investment case. I like that the stock gives exposure to a sector that can benefit from long-term energy and infrastructure demand.

That said, I’m still cautious. Project execution, margins, debt and overall market sentiment can affect the share price quickly. Since the stock has already moved above my average cost, I’m watching whether it can continue holding above my entry and whether future updates show stronger execution, not just better sentiment.

My main lesson from this trade is that a recovery story can be rewarding, but it still needs discipline. A green P/L is nice, but protecting gains and managing position size matter too.

$SingTel(Z74.SG)

I’m currently down on this trade, but I still think it is worth watching after its latest FY2026 results.

SingTel reported stronger underlying profit and declared dividends, which supports the longer-term income angle. I also like that the company is trying to grow beyond traditional telco through areas like NCS, digital infrastructure, regional associates and potential AI/data centre opportunities.

That said, the market reaction shows that blue-chip stocks are not risk-free. Investors may still be concerned about Optus, higher spending and whether the transformation can translate into stronger growth.

For now, I’m treating this as a longer-term dividend and restructuring watch, not a quick trade. My lesson: even “stable” stocks need position sizing and patience.

$First Majestic Silver(AG.US)

I’m looking at First Majestic Silver (AG) as a precious metals momentum trade.

AG has been gaining attention as silver and gold prices remain strong, and its latest Q1 results showed how much leverage the company has to higher metals prices. Revenue rose sharply year-on-year, supported by stronger realized silver and gold prices, while operating cash flow also improved significantly.

That said, I’m not ignoring the risks.

Q1 silver production fell to 3.5M ounces from 3.7M ounces a year ago, while gold production also dipped. Costs were higher too, so part of the strong result came from favourable metal prices rather than higher output.

For me, the upside case is that AG could continue to benefit if silver remains strong or moves higher. But because miners can be volatile, especially when the thesis depends heavily on commodity prices, I would treat this as a momentum trade with clear risk management, not a blind chase just because the stock is up.

$Redwire(RDW.US)

Redwire caught my attention because it sits at the intersection of space infrastructure, defense, and drones.

After Q1 results, I liked the strong revenue growth, improved gross margin, and reaffirmed 2026 revenue guidance, especially with the Edge Autonomy acquisition adding more defense exposure. I entered at $10.90 and am watching whether momentum can hold above $12. That said, I’m keeping the risk side in mind too, losses are still wide, and I’m watching potential capital-raising risk if the company uses its at-the-market offering facility heavily.

For now, I’m treating this as a high-risk growth trade and keeping my position size controlled.