Core Insights - Singapore telecom companies, including Singtel and Starhub, are transitioning from traditional telecom services to digital infrastructure and enterprise solutions as their growth in mobile and broadband has stagnated [1][3][14] Telecom Industry Overview - Mobile subscriptions in Singapore are projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2021 to 2025, but average revenue per user (ARPU) has declined by 30% from 2018 to 2023 [2] - Despite the decline in ARPU, Singtel and Starhub are expected to invest a total of S$1.93 billion in capital expenditures for 5G [2] Singtel Financial Performance - In Q1 FY2026, Singtel's revenue remained stable at S$3.4 billion, with underlying net profit increasing by 14% year-on-year to S$686 million, driven by strong profit growth from regional businesses [5] - Singtel's capital expenditure plans include S$1.7 billion for core business and an additional S$0.8 billion for new initiatives by 2028 [7] - Singtel's recent core dividend of S$0.123 per share represents an 82% payout ratio and a dividend yield of approximately 2.9% [7] Starhub Financial Performance - Starhub's revenue for the first half of 2025 was stable at S$1.1 billion, but net profit dropped 42% year-on-year to S$47.9 million due to a one-time penalty [9][10] - Starhub's enterprise segment grew by 6.8% year-on-year, supported by strong cybersecurity services [10] - Starhub is guiding for a dividend of at least S$0.06 per share for 2025, with a current dividend yield of 5.2% [11] Challenges and Investment Considerations - The Singapore telecom industry faces intense competition, and 5G monetization is not expected to yield significant returns in the near term [12] - Singtel's capital expenditure is projected to be around 12% of total revenue, while Starhub's is expected to be 10% [12] - Singtel's current price-to-earnings (P/E) ratio is approximately 22 times, lower than its three-year average of 27.6 times, while Starhub's P/E is around 16.8 times compared to its three-year average of 17.2 times [13]

Core Points - The Trump administration's new ballroom construction project has an estimated cost of over $300 million, significantly higher than the initial estimate of $200 million [1] - A list of 37 donors, including major tech companies and administration members, will fund the project through private, tax-deductible donations to the nonprofit Trust for the National Mall [2][3] Corporate Donors - Meta Platforms has pledged at least $600 billion in investments in the U.S. by 2028 and frequently engages with federal digital policy initiatives [4] - Apple plans to invest $100 billion in domestic manufacturing, aligning with the administration's goals [5] - Amazon has major federal contracts and has developed a relationship with the administration through lobbying efforts [6] - Google agreed to pay $24.5 million to settle a dispute with Trump and pledged $22 million of that settlement toward the ballroom construction [7] - Lockheed Martin, a major defense contractor, is reportedly contributing over $10 million to the project [8] - Microsoft has multibillion-dollar federal contracts, including partnerships related to U.S. cybersecurity [9] - Comcast faces scrutiny from Trump but remains a donor [10] - Altria, a major tobacco firm, has pushed for less FDA oversight and is involved in Republican PAC donations [11] - Coinbase supports Trump's push for looser crypto regulations [12] - Palantir Technologies has seen a surge in federal contracts under the Trump administration [13] - T-Mobile's merger agreements were favorably reviewed during Trump's term [14] - Ripple supports Trump's digital asset finance initiatives [15] - Hard Rock International's chairman has ties to the Trump Organization [16] - Tether America backs Trump's digital dollar framework [17] - Union Pacific Railroad is seeking a merger under a Republican-led SEC [18] - Micron Technology announced a $200 billion investment in the U.S. [19] - Caterpillar is viewed as a symbol of the "Made in America" initiative [20] - Booz Allen Hamilton reported that 90% of its recent bookings came from national security work [21] - HP has received military contracts and contributed to Trump's inaugural committee [22] - NextEra Energy's CEO supports job creation in America while criticizing some administration policies [24] - Reynolds American's PAC has previously donated to Trump [25] Private and Family Donors - The Adelson Family Foundation is run by Miriam Adelson, a significant GOP donor [26] - Stefan E. Brodie has a controversial past and was denied a pardon request [27] - The Betty Wold Johnson Foundation is known for its charitable contributions [28] - Charles and Marissa Cascarilla advocate for financial technology deregulation [29] - The Glazer siblings are recurring donors to Trump PACs [30] - Harold Hamm has advised Trump on energy issues [31] - Benjamín Leon Jr. has donated over $3 million to Trump's campaign and is awaiting Senate confirmation for an ambassador position [32] - The Lutnick Family supports Trump's economic agenda [33] - The Laura and Isaac Perlmutter Foundation consistently donates to Republican causes [34] - Stephen A. Schwarzman has acted as an intermediary between Trump and China [35] - Konstantin Sokolov is involved in infrastructure and energy investments [36] - Kelly Loeffler and Jeff Sprecher donated $5 million to Trump's 2024 election efforts [38] - Paolo Tiramani is active in real estate innovation [39] - Cameron and Tyler Winklevoss are consistent GOP donors advocating for clear crypto laws [40][41] - J. Pepe and Emilia Fanjul are part of a prominent sugar family and hosted a Trump fundraiser [42]

Market Overview - US stocks reached a new high, driven by softer-than-expected inflation data, which bolstered expectations for Federal Reserve interest-rate cuts [1] - The S&P 500 Index rose by 0.8%, with technology and utilities sectors leading the gains [1] - The Nasdaq 100 Index increased by 1.0%, while the Bloomberg Magnificent Seven Price Return Index added 0.6% [1] Earnings Reports - Investor attention is shifting towards upcoming earnings reports from major companies, including Alphabet Inc, Meta Platforms Inc, Microsoft Corp, Apple Inc, and Amazon.com Inc [2] - The upcoming week is deemed critical for big Tech/AI companies as they begin reporting, with high expectations for sales and earnings growth [3] Inflation Data - Consumer prices, excluding food and energy, rose by 0.2% in September, marking the slowest pace in three months [4] - The CPI report was delayed due to the federal government shutdown, but investors reacted positively to the data [5] - A significant slowdown in shelter inflation is noted, which may continue into 2026, potentially offsetting stickier goods prices [5] Company Highlights - Alphabet Inc's stock rose by 2.7% following a deal to supply specialized AI chips to Anthropic, valued at tens of billions of dollars [6] - Intel Corp's stock gains were tempered despite a return to profitability and an optimistic revenue forecast, indicating a comeback supported by investments from the White House, Nvidia Corp, and Softbank Group Corp [7] - Ford Motor Co's stock surged by 12% as the company anticipates a recovery after a fire affected a key supplier, with quarterly profit and sales exceeding estimates [8] - Palantir Technologies Inc rose by 2.3% after securing a deal worth over $200 million to provide AI software to Lumen Technologies Inc [8] Sector Movements - The Philadelphia Semiconductor Index advanced by 1.9%, with Nvidia and Broadcom stocks rising by 2.3% and 2.9%, respectively [7] - Fannie Mae's common shares fell by 5% following the appointment of a new acting CEO, with analysts suggesting that a recap and release is unlikely in the near term [9] - Cryptocurrency-linked stocks, such as Coinbase Global Inc, saw a significant increase of 9.8%, driven by JPMorgan Chase & Co's plans to allow institutional clients to use Bitcoin and Ether as collateral for loans [10]

Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] - The popularity of insurance companies in the Philippines since 2014 has influenced investment strategies, leading to a broader portfolio across various industries [1] - The US market has become increasingly accessible for investors, with platforms like Seeking Alpha providing valuable analyses for comparison with local markets [1] Investment Focus - The company has diversified investments in banks, telecommunications, logistics, and hotels, indicating a strategic approach to portfolio management [1] - The shift towards investing in blue-chip companies initially has evolved into a more varied investment strategy, including holdings for retirement and trading profits [1] - The entry into the US market in 2020 reflects a growing interest in international investments, particularly in sectors like banking, hotels, and logistics [1]

Group 1: Market Overview - As of October 24, 2025, two stocks in the communication services sector are showing signs of being overbought, which may concern momentum-focused investors [1][2]. Group 2: Warner Bros Discovery Inc - Warner Bros Discovery Inc is reportedly in discussions with potential buyers for part or all of its business, with Apple Inc being a possible interested party [7]. - The stock of Warner Bros Discovery has increased approximately 17% over the past five days, reaching a 52-week high of $21.56 [7]. - The current RSI value for Warner Bros Discovery is 76, indicating it is overbought [7]. - The stock closed at $21.25, reflecting a 3.5% increase on Thursday [7]. - The company has a momentum score of 96.66 and a value score of 27.44 [7]. Group 3: Lumen Technologies Inc - Lumen Technologies announced a partnership with Palantir Technologies to integrate advanced AI systems with its digital infrastructure, aiming to enhance data movement and operational security for businesses [7]. - The stock of Lumen Technologies has surged around 38% over the past month, achieving a 52-week high of $10.33 [7]. - The current RSI value for Lumen Technologies is 75.2, also indicating it is overbought [7]. - The stock closed at $7.79, with a gain of 10.7% on Thursday [7].

Core Insights - Two stocks in the communication services sector are showing signs of being overbought, which may concern momentum-focused investors [1][2]. Company Summaries - **Warner Bros Discovery Inc (NASDAQ:WBD)**: - The company is in discussions with potential buyers for part or all of its business, with Apple Inc being a possible interested party. - The stock has increased approximately 17% over the past five days, reaching a 52-week high of $21.56. - The RSI value is 76, indicating overbought conditions, and the stock closed at $21.25 after a 3.5% rise [3][7]. - The momentum score is 96.66, with a value score of 27.44 [7]. - **Lumen Technologies Inc (NYSE:LUMN)**: - Recently announced a partnership with Palantir Technologies Inc to integrate AI systems with its digital infrastructure, aiming to enhance data movement and operational security for businesses. - The stock has surged around 38% in the past month, achieving a 52-week high of $10.33. - The RSI value is 75.2, also indicating overbought conditions, and the stock closed at $7.79 after a 10.7% increase [4][7].

Core Insights - Nokia is diversifying from telecom infrastructure and has reported a 9% overall revenue growth, with significant gains in AI infrastructure and datacenter networking [2][3][4] - The company’s stock surged 10% following the positive earnings report, driven by strong demand in optical and cloud services [3][5] - Nokia's management indicated that AI and cloud customers now account for 6% of total net sales and 14% of network infrastructure sales, with optical networks growing by 19% [4][5] Financial Performance - Nokia's network infrastructure revenue grew by 11% year-over-year, reaching €1.95 billion ($2.26 billion) [5] - Cloud and Network Services exceeded expectations with sales of €645 million ($750 million), 17% above estimates [5][7] - The company expects annual operating profit to be between €1.7 billion and €2.2 billion, slightly upgraded from the previous range [5] Strategic Direction - The turnaround strategy initiated by former CEO Pekka Lundmark is showing positive results, moving away from reliance on telecom [4][6] - The acquisition of Infinera for $2.3 billion is a key part of Nokia's strategy to enhance its optical networking capabilities [4][6] - New CEO Justin Hotard is expected to continue this strategic focus, leveraging his background in datacenter and enterprise [10][11] Market Positioning - Nokia is positioning itself as a major supplier of networking infrastructure for data centers and AI, with a focus on high-performance products [11][15] - The company has established partnerships with significant players in the AI infrastructure space, including CoreWeave, Meta, and Google [12][13][14] - Analysts have raised their price targets for Nokia shares, reflecting increased confidence in its growth potential [13]

Palantir will provide AI software to Lumen in a new partnership, part of a push by the telecom company to support more AI services, and a bid by Palantir to reach more customers https://t.co/7esjqg82a9 ...

Market Overview - U.S. stock futures are showing mixed performance as investors navigate U.S.-China trade tensions and varied corporate earnings reports [1] - Major U.S. indexes ended the previous trading session in the red, with the S&P 500 declining by 0.5% to 6,699.40 points, the Dow Jones Industrial Average falling 0.7% to 46,590.41 points, and the Nasdaq Composite dropping 0.9% to 22,740.40 points [2] Earnings Reports - A busy day for corporate earnings is anticipated, with notable companies like T-Mobile US, Union Pacific Corporation, Honeywell International Inc., and others reporting their third-quarter results [3] - Major companies such as Intel Corporation, Ford Motor Company, and American Airlines Group are set to release earnings after the market closes, which could significantly influence market direction [3] Economic Data - The ongoing U.S. government shutdown has led to a blackout of major economic data releases, but the Consumer Price Index (CPI) report for September is expected to show an increase in the annual inflation rate from 2.9% to 3.1% [4] - This CPI report is crucial for guiding expectations for future monetary policy decisions by the Federal Reserve [4] Federal Reserve Policy - The Federal Reserve's next monetary policy meeting is scheduled for October 28-29, with a high likelihood (96.7%) of an interest rate cut being priced in by the markets [5] - Recent soft labor market data and manageable inflation, despite being above the Fed's 2% target, are contributing to this expectation [5] Individual Stock Movements - Tesla Inc. shares fell 3.04% in premarket trading after reporting better-than-expected revenue but missing earnings estimates [10] - International Business Machines Corp. dropped 7.14% despite better-than-expected financial results, attributed to disappointing guidance [10] - Netflix Inc. plunged over 10% following a third-quarter earnings miss due to a one-time tax expense [10] - Intuitive Surgical Inc. saw shares surge 13.9% after reporting results that beat expectations [10] - Winnebago Industries soared nearly 29% after strong fiscal 2025 fourth-quarter earnings and positive guidance for fiscal 2026 [10] - Avery Dennison Corporation shares jumped 9.5% after better-than-expected Q3 results and a partnership with Walmart [10] - Energy stocks, including Valero Energy, are performing well amid rising crude oil prices due to new U.S. sanctions on Russian oil giants [10]

US stocks climbed on Thursday as oil prices surged amid Russia sanctions and Wall Street parsed through a fresh batch of quarterly results after Tesla (TSLA) and IBM (IBM) earnings fell short. The tech-heavy Nasdaq Composite (^IXIC) led the gains, rising 0.5%, while the S&P 500 (^GSPC) added 0.4%. The Dow Jones Industrial Average (^DJI) inched up 0.15%. Oil futures jumped around 5% after the US placed sanctions on Russia's giant producers, piling pressure on President Putin to end the war in Ukraine. Br ...