Iggy the Investing Iguana

Planners Say Ditch T-Bills Now. My Question: Why Weren't You Asking This In July? 🦖

🔍 The Angle
Why did everyone wait until the six-month T-Bill yield fell from 1.59% to 1.56% before questioning it? The headline focuses on a three-basis-point move, but the bigger forensic issue is that 1.59% was already 1.61 percentage points below my 3.2% Forensic Floor.

💰 What It Means For You
If your cash is needed within a year, the T-Bill is still doing a parking job, and this auction changes very little. But if you are comparing retirement income options, CPF OA at 2.5% already exceeded the strongest T-Bill auction this year, while CPF SA and RA at 4% came much closer to the hurdle. The question is not whether this week's yield dipped, but which bucket your money actually belongs in.

📺 YouTube: https://youtu.be/LlHWGV4VUKc
📩 Substack: investingiguana.com/p/planners-say-ditch-t-bills-n…

58 minutes ago | [YT] | 0

Iggy the Investing Iguana

MTI Warned About This Three Days Ago. Now It Has Singapore's Name On It. 🦖

🔍 The Angle

Singapore being named in the White House’s shadow transshipment report sounds like a direct attack on the growth story. But the report places Singapore in Tier three, describing smaller economies with lower absolute illegal transshipment volumes, not the major export platforms in Tier one. The uncomfortable question is whether the headline is bigger than the immediate economic risk, or whether Singapore’s re-export model has become a future enforcement target.

💰 What It Means For You

The 12.5% US tariff already in force affects roughly one-third of Singapore’s domestic exports, but semiconductors, pharmaceuticals, aerospace products, and certain electronics are exempt. That matters because manufacturing grew 12.5% year on year, powered by AI-related semiconductor demand. Iggy's Forensic Zone: Zone 3, Watchlist. For CPF and SRS portfolios, this is a monitoring signal, not a reason to react to a headline.

📺 YouTube: https://youtu.be/76s6bXisKHc
📩 Substack: investingiguana.com/p/mti-warned-about-this-three-…

19 hours ago | [YT] | 0

Iggy the Investing Iguana

Revenue Up, Profit Down 20%: What's Really Happening at ComfortDelGro 🦖

🔍 The Angle
ComfortDelGro's revenue rose 5.7 percent, but operating profit fell 17.3 percent. The taxi and private hire segment lost $31.1 million in profit, a 45.9 percent collapse that the "resilient" headline quietly covers. Gross gearing sits at 37.9 percent, breaching the 35 percent ceiling this framework uses, even though the company's own net gearing figure looks comfortable.

💰 What It Means For You
Your 6.3 percent yield and flat 3.91 cent interim dividend feel safe until you check what's funding them. A single segment dragging down the whole group while leverage climbs is the kind of pattern that matters for CPF and SRS income portfolios. Iggy's Forensic Zone: Zone 4, Caution.

📺 YouTube: https://youtu.be/isjVN2lkaxM
📩 Substack: investingiguana.com/p/revenue-up-profit-down-20-wh…

1 day ago | [YT] | 0

Iggy the Investing Iguana

Underlying Profit Up 21%, Reported Profit Down 72%: What SingTel's Q1 Numbers Actually Mean 🦖

🔍 The Angle

A 72% fall in SingTel’s reported profit can look disastrous, but the more revealing number is the 21% rise in underlying profit. I found the contradiction in the comparison base: last year included S$2.20 billion in exceptional gains, so this quarter’s headline is measuring the absence of a windfall, not a collapse in operations. The forensic tension is that genuine business growth still has not solved the income valuation question.

💰 What It Means For You

For a CPF or SRS dividend portfolio, the ordinary yield remains 3.03%, below the 4.7% hurdle and the 3.2% Forensic Floor. NCS, Digital InfraCo and several regional associates are growing, but asset recycling proceeds and the Value Realisation Dividend do not count as recurring ordinary income under this framework. Iggy's Forensic Zone: Zone 4-, Caution. November’s interim dividend is the unresolved number.

📺 YouTube: https://youtu.be/tE6gVioQgf4
📩 Substack: investingiguana.com/p/underlying-profit-up-21-repo…

1 day ago | [YT] | 0

Iggy the Investing Iguana

AEM Just Jumped 14%. My Forensic Zone Actually Changed Too 🦖

🔍 The Angle
AEM's 14% jump is not the part that changed my forensic view. The surprising part is that a dividend I had previously treated as a structural problem has now pushed the provisional yield above my 3.2% forensic floor.

💰 What It Means For You
At around S$11, the 1.3 cent final dividend plus the new 2.4 cent interim dividend gives a provisional 3.3% yield. That still sits well below my 4.7% hurdle, so the business has improved without the income case becoming fully comfortable. Iggy's Forensic Zone: Zone 4, Caution.

📺 YouTube: https://youtu.be/sD4auVGX3qE
📩 Substack: investingiguana.com/p/aem-just-jumped-14-my-forens…

2 days ago | [YT] | 0

Iggy the Investing Iguana

Record Profit, a Rising Dividend, and a $35.7 Billion Order Book: Inside ST Engineering's 1H2026 🦖

🔍 The Angle
Everyone read ST Engineering's 1H2026 as a dividend story. It is actually a price story. The payout genuinely rose 25 percent quarter on quarter to 5.0 cents, but the share price has run so hard that the income you receive per dollar you commit went backwards in relative terms. A company can hand you more cash and still hand you a thinner yield, and that gap is where a lot of retirement portfolios quietly get built on the wrong assumption.

💰 What It Means For You
At S$10.23, annualising that newest 5.0 cent rate generously gives roughly 1.96 percent, against this framework's 3.2 percent Forensic Floor. If you already hold it from years back, your yield on cost is genuinely improving with each raise. If you are placing fresh CPF or SRS money today, you are paying a record price for a sub-floor income stream. Iggy's Forensic Zone: Zone 5, Red Zone.

📺 YouTube: https://youtu.be/IzL_6RvqZ2Q
📩 Substack: investingiguana.com/p/record-profit-a-rising-divid…

2 days ago | [YT] | 0

Iggy the Investing Iguana

My Friend Told Me Vietnam Banks Pay 8%. I Thought She Was Scammed 🦖

🔍 The Angle
A friend in Ho Chi Minh City told me her bank pays 8.4% on a 12-month deposit. That number is real at MB Bank, but it only applies to Vietnamese dong, and foreign currency deposits earn 0% by law. The moment you convert to chase that rate, you're exposed to a currency that's weakened 1% to 3.5% a year for four straight years.

💰 What It Means For You
For a Singapore investor managing CPF or SRS, that 8.4% headline becomes closer to 5% to 6% in SGD terms once you account for currency movement. Vietnam's deposit insurance covers about S$6,000 per depositor, versus S$100,000 here, and you must be physically present in Vietnam with 6+ month residency to open the account. The real question isn't whether the rate exists, it's whether the risk premium clears what you give up in certainty and protection.

📺 YouTube: https://youtu.be/YHkwFfHXc_8
📩 Substack: investingiguana.com/p/my-friend-told-me-vietnam-ba…

3 days ago | [YT] | 0

Iggy the Investing Iguana

The 7,000 Bull Case: What JPMorgan's Own Favourite Stocks Say About Chasing This Rally 🦖

🔍 The Angle
What if the strongest part of JPMorgan’s 7,000 case is the economy, not the stocks carrying it? Singapore’s 2026 growth forecast rose to 4.5% to 5.5%, yet two of the bank’s four conviction names breach Iggy’s 3.2% Forensic Floor. That is the tension I wanted to examine: macro strength can be genuine while stock-level income protection remains weak.

💰 What It Means For You
For CPF, SRS, and dividend portfolios, the price you pay still determines the cashflow you lock in. DBS reaches only 4.23% on a total-yield basis, while Keppel reaches 4.09% even including one-off distributions. Iggy's Forensic Zone: Zone 5, Red Zone.

📺 YouTube: https://youtu.be/fuDPFSyDEhk
📩 Substack: investingiguana.com/p/the-7000-bull-case-what-jpmo…

3 days ago | [YT] | 0

Iggy the Investing Iguana

Everyone's Cheering SGX's Record Year. I'm Looking At One Different Number 🦖

🔍 The Angle
Everyone's celebrating SGX's 52% dividend jump like it's a lottery win. But the real question for your CPF and SRS money was never whether the payout grew, it's whether the price you'd pay clears my 3.2% floor. Record profit of $759.5 million, yes, but the yield on today's price still clears less than your Ordinary Account's 2.5% guarantee.

💰 What It Means For You
At $25.20, the 57¢ total dividend yields about 2.3%, strip out the 12.5¢ one-off top-up and you're closer to 1.8%. That's not a timing issue, it's a structural gap between what SGX pays and what guaranteed alternatives offer. If you bought years ago at a lower entry price, your yield on cost could look healthier, but fresh capital faces this gap head-on. Iggy's Forensic Zone: Zone 5, Red Zone.

📺 YouTube: https://youtu.be/BH09a35oXHo
📩 Substack: investingiguana.com/p/everyones-cheering-sgxs-reco…

4 days ago | [YT] | 0

Iggy the Investing Iguana

A SG Finance YouTuber Just Quit Content. Here's Why That Should Worry Anyone Giving You Advice

🔍 The Angle
The surprising part is not that Boon Tee reportedly grew S$194,000 into S$1.5 million without leverage. It is that he stepped away precisely when his licensed finance career made the boundary between education and advice feel too thin. I find that voluntary pause more revealing than any portfolio return.

💰 What It Means For You
If you manage CPF, SRS, or a dividend portfolio, credibility is not the same as suitability. His portfolio fell 41% in 2022 and rose 63% in 2024, a reminder that even a disciplined framework can produce uncomfortable years. The question is whether a creator is helping you think clearly, or quietly making your personal decision for you.

📺 YouTube: https://youtu.be/JTrNrvT_U_s
📩 Substack: investingiguana.com/p/a-singapore-finance-youtuber…

5 days ago | [YT] | 2