In today’s briefing:
- Japan Strategy Weekly | BOJ Raises Rates, but the Yen Looks past the Hike
- Singapore Market Roundup (18-Sep-2026): CGS cuts Venture’s target price to $18.94 from $21.78.
- AUCTUS ON FRIDAY – 18.09.2026
- Edge Inference: Profiting from AI Decentralization and Grid Constraints
- Singapore Business Trust Sector: Return OF Capital, No Exception
Japan Strategy Weekly | BOJ Raises Rates, but the Yen Looks past the Hike
- BOJ hikes 25bp to 1.25%, but cautious guidance sends the yen weaker through ¥157/$.
- Equities rebound: Nikkei +1.6% on the week, supported by easing oil prices and stabilising tech sentiment.
- Data mixed: inflation cools, exports remain strong, but imports surge and domestic activity softens.
Singapore Market Roundup (18-Sep-2026): CGS cuts Venture’s target price to $18.94 from $21.78.
- CGS International reduces Venture’s target price to $18.94 from $21.78.
- Goldman Sachs starts ST Engineering with a ‘buy’ rating and $13.20 target.
- SAC Capital lifts Lincotrade’s target price to 52.9 cents, boosting order book.
AUCTUS ON FRIDAY – 18.09.2026
- AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.16 per share: Industry partner for GOLD cluster – Empyrean Energy has signed a binding Heads of Agreement to acquire a 10% economic interest in the GOLD Cluster Area in Austria, in exchange for funding the drilling and testing of the GOLD‑1 well.
- The required investment is EUR 555,400.
- Empyrean will also pay EUR 50,000 (non‑refundable) for an exclusivity period running until 16 October, during which final funding arrangements and documentation will be completed.
Edge Inference: Profiting from AI Decentralization and Grid Constraints
- AI inference demands sub-10 millisecond latency, forcing massive compute workloads away from centralized hyperscale campuses to distributed edge data centers.
- Five-Year grid interconnection delays make edge sites critical bypass valves, positioning tower operators like American Tower to monetize pre-zoned, power-ready land.
- A core pair trade going long American Tower and short Keppel Infrastructure Trust captures edge growth while hedging against elevated 44.2% gearing and finite-life concession cliffs.
Singapore Business Trust Sector: Return OF Capital, No Exception
- This report is a follow-up on Corporate Monitor Limited’s (CML) fourth REIT report which looked at whether Singapore REITs (S-REIT) provide a return on capital, or return of capital.
- This report performs similar research on the Business Trust (BT) sector.
- To be clear, the BT sector excludes REITs that have a stapled security structure comprising a REIT and business trust, and only focuses on pure business trusts, of which there are 5.
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