Adeline Gao Yuanhui

Research Analyst, Research & Portfolio Management

Adeline Gao Yuanhui is a Research Analyst with the iFAST Research & Portfolio Management Team, where she covers global macroeconomic themes and equity markets with a focus on Singapore. In addition to publishing research articles for iFAST, she has shared her insights through local media platforms such as Lianhe Zaobao. She graduated from the National University of Singapore (NUS) with a Bachelor of Business Administration (Honours) degree, double major in Finance and Economics.

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Jumbo Group: East Coast closure prompts downgrade to TRIMStocks

Jumbo Group: East Coast closure prompts downgrade to TRIM

The upcoming closure of JUMBO's East Coast flagship—its founding site and contributor of approximately 14% of group revenue—creates a meaningful FY2027 earnings headwind. While new domestic initiatives and overseas expansion support a gradual recovery, the offset is backloaded, leaving limited upside at current level.

By  Adeline Gao Yuanhui | 4 Days Ago |168 Views
SGXConsumer CyclicalFood & BeverageSingapore EquitiesMedium to Small Cap Companies
The first KOSPI 200 ETF on HKEX has arrived. But is it the best way to invest Korea?ETFs

The first KOSPI 200 ETF on HKEX has arrived. But is it the best way to invest Korea?

Korea's AI-fuelled rally has arrived on HKEX through the debut of CSOP KOSPI 200 ETF (HKEX: 3121), but new access does not automatically mean better exposure. A comparison with existing Korea and Asia semiconductor ETFs shows that cost, concentration and investment objectives remain the key differentiators.

By  Adeline Gao Yuanhui | 23 Jun 2026 |471 Views
NYSEHKEX
Will China's new capital rules derail Singapore's wealth hub story? We think notStocks

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.

By  Adeline Gao Yuanhui | 19 Jun 2026 |1153 Views
SGXWealth ManagementSingapore BanksFinancial ServicesFinancialSingapore Equities#2026
Singapore's May NODX surges to 22-year high: AI integration runs deep, positive view maintainedMacro Research

Singapore's May NODX surges to 22-year high: AI integration runs deep, positive view maintained

Singapore's May NODX surged 38.4% year on year, marking its fastest growth in more than two decades. More importantly, the composition of exports highlights Singapore's deepening role in the global AI semiconductor supply chain, supporting the view that the current export upswing is driven by structural rather than cyclical factors.

By  Adeline Gao Yuanhui | 18 Jun 2026 |434 Views
SGXEquityGeneralMacroeconomicsSingaporeSemiconductorsExportElectronic NODXSingapore Equities#2026
Still expanding: What Singapore's ten-month PMI streak says about the road aheadMacro Research

Still expanding: What Singapore's ten-month PMI streak says about the road ahead

As global uncertainty deepens, Singapore's manufacturing sector is accelerating rather than retreating — and with safe-haven capital flows reinforcing the factory-floor data, the case for Singapore as the region's most resilient equity market is growing stronger.

By  Adeline Gao Yuanhui | 15 Jun 2026 |359 Views
SGXSingapore OutlookEquityGeneralExportManufacturingSingapore Equities#2026
Contained and contested: Why Singapore's US tariff risk is smaller than it appearsMacro Research

Contained and contested: Why Singapore's US tariff risk is smaller than it appears

Singapore’s inclusion in two concurrent US Section 301 investigations has heightened tariff concerns, but active policy engagement, and resilient structural growth drivers continue to support a constructive investment case for Singapore.

By  Adeline Gao Yuanhui | 09 Jun 2026 |334 Views
SGXEquityGeneralSingaporeExportManufacturingElectronic NODX2026US tariff
Pan-United: Pullback creates re-entry, buybacks reaffirm convictionStocks

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.

By  Adeline Gao Yuanhui | 05 Jun 2026 |3937 Views
Basic MaterialsSGXConstruction2026Singapore EquitiesMedium to Small Cap CompaniesMaterials
SG banks at fresh highs: The wealth hub thesis has further to runStocks

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.

By  Adeline Gao Yuanhui | 02 Jun 2026 |5161 Views
SGXWealth ManagementFinancial Services2026Singapore EquitiesSG BanksMASFinancial Sector
ETF Spotlight: Japan equities jump on trade data, outlook supported by structural strengthsETFs

ETF Spotlight: Japan equities jump on trade data, outlook supported by structural strengths

Japan's equity market is up about 20% year-to-date, with April export growth accelerating to 14.8% year-on-year — but the stronger case for owning Japan rests on structural drivers that run deeper than any single data release, and the Xtrackers Nikkei 225 UCITS ETF offers the most cost-efficient way to access them.

By  Adeline Gao Yuanhui | 21 May 2026 |2390 Views
FSM SpotlightLSE
Jumbo Group: Expansion costs weigh near term, but demand story holdsStocks

Jumbo Group: Expansion costs weigh near term, but demand story holds

Jumbo Group’s 1H FY2026 results highlight a business where resilient demand and stable gross margins are being temporarily overshadowed by expansion-related cost pressure. While near-term earnings remain compressed, the combination of stronger operating scale, brand diversification, and visible operating leverage pathways keeps the medium-term recovery story intact.

By  Adeline Gao Yuanhui | 19 May 2026 |287 Views
SGXConsumer CyclicalFood & Beverage2026Singapore EquitiesMedium to Small Cap Companies