Research Articles

Will China's new capital rules derail Singapore's wealth hub story? We think not

China's new outbound investment rules have raised concerns over the future of wealth inflows into Singapore, but the implications for Singapore banks appear more manageable than initial market fears suggest. While the regulation adds friction to new Chinese capital flows, the structural drivers underpinning Singapore's wealth hub status and long-term wealth income growth remain firmly intact.

ASML has crossed our USD 1,750 target. Time to take profits, but not walk away entirely.

ASML’s shares reached a new all-time high of USD 1,903 last week, surpassing the USD 1,750 target we set in April. For investors who have followed our coverage, the original investment thesis has largely played out. While discipline argues for taking profits after such a strong run, two developments that have emerged since our last update support maintaining a partial position rather than exiting completely.

Salesforce 1Q FY27 Earnings Update: Solid Quarter, Stricter Multiple

Important Notice: SpaceX (SPCX) IPO Listing – What FSM Global Clients Need to Know

All the tips on SpaceX IPO listing here.

Pan-United: Pullback creates re-entry, buybacks reaffirm conviction

The recent pullback creates a re-entry opportunity, as fundamentals remain intact and management has validated the share price with consecutive days of open-market buybacks. We maintain our target price and upgrade our rating from Trim to Accumulate.

PropNex: Why the best is yet to come

Singapore's residential property market is displaying signs of resilience, with the HDB resale segment stabilising at elevated price levels and a well-stocked 2H26 Government Land Sales programme set to sustain developer activity and new launch transactions. We maintain our BUY rating on PropNex with a target price of SGD 2.70.

Nvidia Q127: Everything everywhere all at once

Blockbuster IPO — Should You Invest in SpaceX on the First Trading Day?

SpaceX is, by any measure, one of the most extraordinary companies of our era. It has achieved things that governments with far greater resources could not, and it is now opening its doors to retail investors for the first time. Should you invest?

SG banks at fresh highs: The wealth hub thesis has further to run

Singapore’s safe-haven appeal is strengthening, and banks are expanding capacity to capture the resulting wealth inflows. Regulatory easing, franchise expansion, and accelerating geopolitical capital reallocation reinforce our constructive non-interest income outlook and positive stance on the sector.

From the NFL to dog shows: Netflix's live strategy is more powerful than most investors realise

Netflix’s disciplined push into live programming is generating measurable gains across viewership, advertising, and member acquisition, acting as a meaningful incremental driver of its long-term growth story despite the recent share price pullback.