🦎 IGGY MORNING BRIEF — 15 JUNE 2026

☕ Good morning, Iguanas. SGX opens 9:00 AM SGT.

OVERNIGHT

US futures ripped Sunday. Trump posted the Iran peace deal is complete and Hormuz reopens after signing. Brent fell over 4% to $83.82, WTI to $80.95.

My read: two sided trade. Lower oil helps SIA and transport margins, but hurts energy names and removes the war premium from bank trade finance books. Watch rotation, not the headline.

PRE-OPEN

STI closed Friday green, futures point higher. With Brent below $84, the market reprices. Airlines get a cost cut, offshore loses its premium, banks lose geopolitical bid. Expect chop early.

THREE ON WATCH

👁 D05 DBS — Reopened Hormuz cuts energy credit risk, good. But lower oil means less commodity trade flow, and NIM pressure stays. Does DBS lead or lag STI today.

👁 C6L SIA — Cleanest winner. Every $5 Brent drop helps fuel costs, and SIA hedged only 47% in Q4 so they catch this move. Dividend case just improved.

👁 BN4 Keppel — Hormuz overhang lifted for offshore and marine. Data centre story still intact. Rotation candidate today.

GAME PLAN

Letting the open settle. The gap will be emotional, volume in the first hour tells me if it holds.

Theme: peace is priced into oil. Second order effects on shipping and trade will take weeks. Today is about watching where money rotates.

Personally watching: do REIT yields compress as risk returns, or does the income bid hold. That matters more than the opening print.

📺 @investingiguana | 📝 investingiguana.com | 💬 t.me/iggytheinvestingiguana

Not financial advice. Iggy's Forensic Compliance Standards apply.