Daily Stock Report
Thursday, August 06, 2026 at 09:18 SGT
1. Market Snapshot
All markets open and trading — Thursday Aug 6, no US or SG holiday, not a weekend. The SG session is anchored by DBS Q2 results released this morning: record net profit of S$3.08B (+9% YoY, beating the S$2.88B consensus), total DPS S$0.81 (S$0.66 ordinary + S$0.15 capital return), FY guidance raised, with OCBC and UOB due Friday. Crypto Fear & Greed sits at 25/100 — Extreme Fear even as BTC/ETH hold above their 20/50-day MAs.
2. Market Benchmarks
| Index | Price | Chg% | RSI | 52W% | Trend |
|---|
| STI (SG) | 5,613.03 | +0.01% | 64.3 | +93.50% | Neutral |
| S&P 500 (US) | 7,723.55 | -0.17% | 67.8 | +95.30% | Bullish |
| HSI (HK) | 25,915.82 | -0.60% | 63.9 | +61.40% | Neutral |
| Shanghai Comp (CN) | 3,878.43 | +0.33% | 43.8 | +41.00% | Neutral |
| CSI 300 (CN) | 4,658.15 | -3.60% | 26.4 | +98.20% | Bearish |
US and Singapore are leading: the S&P 500 (+2.9% m/m) sits at 95.3% of its 52-week range with a golden cross and RSI 67.8, and the STI is at 93.5% of range (RSI 64.3) after +5.1% m/m. Hang Seng is constructive mid-cycle (+9.5% m/m, back above its 200-day), while mainland China is the clear laggard — CSI 300 fell -3.6% today to RSI 26.4 (deeply oversold, death cross) and Shanghai Comp is below its 50-day (-5.4% m/m). The divergence is striking: money is rotating into HK-listed China tech (Alibaba +20.8% m/m) while A-shares bleed, a preference for quality/growth names over index-heavy state sectors.
3. SGX Stocks (SGD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| DBS | 74.70 | +1.56% | 67.7 | +0.27 | +1.98% | +9.18% | +25.13% | +98.90% |
| OCBC | 28.87 | +0.84% | 52.3 | +0.14 | +0.54% | +9.98% | +31.47% | +93.30% |
| UMS | 2.43 | -1.62% | 46.9 | +0.08 | -0.61% | -4.68% | +36.73% | +66.00% |
| Sheng Siong | 3.24 | +0.31% | 44.1 | +0.07 | -1.35% | +0.45% | +13.07% | +84.70% |
| HSTECH | 0.78 | -0.13% | 67.4 | +0.03 | +1.68% | +2.91% | -6.67% | +23.20% |
Banks dominate: DBS +1.56% to S$74.70 (RSI 67.7, 98.9% of 52-wk range) after beating with record Q2 net profit of S$3.08B, raising FY guidance and declaring S$0.81/share — wealth fees +42% (record S$919M) offset NIM compression (group NIM 1.87% vs 2.05% a year ago); NPLs flat at 1.0%. OCBC +0.84% (RSI 52.3) into its results tomorrow (Aug 7, with UOB). UMS is the laggard — -1.62%, death cross, below its 50-day (but +36.7% vs 200-day) as the semis supply chain consolidates. Sheng Siong quietly firm (RSI 44.1, +13.1% vs 200-day) — defensive bid intact. HSTECH +7.0% m/m, RSI 67.4, but only 23.2% of its 52-wk range — the SG tech recovery is still early-stage. Volume ratios across SGX look artificially thin (0.03–0.27x) — treat as a data anomaly, not a signal. Divergence to watch: DBS stretched at ~99% of range into results week; today's beat-and-raise can still set up a "sell the news" tape for OCBC tomorrow.
4. US Stocks (USD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| NVDA | $219.22 | +3.43% | 63.3 | +1.14 | +6.75% | +6.54% | +13.24% | +76.10% |
| AAPL | $311.00 | +0.52% | 35.2 | +0.56 | -3.93% | +0.43% | +11.53% | +75.80% |
| TSLA | $321.55 | -1.77% | 28.2 | +0.79 | -8.56% | -16.47% | -21.57% | +12.00% |
| MCHI | $56.01 | -0.14% | 82.4 | +0.62 | +3.27% | +4.12% | -4.47% | +35.00% |
NVDA is the momentum leader: +3.43% today, +12.4% w/w, +13.2% above its 200-day, RSI 63.3 — strong, not yet overbought. AAPL is cooling (-6.7% w/w, RSI 35.2, below its 20-day) — a normal pullback inside an uptrend (still +11.5% vs 200-day). TSLA is the stress point: RSI 28.2 (oversold), -20.2% m/m, -21.6% below its 200-day with a death cross — downtrend intact; oversold bounces likely but no bottoming confirmation. MCHI is overbought at RSI 82.4 after +8.2% m/m — extended after the China-tech rally, so partial profit-taking risk is real. S&P 500 at 95.3% of range (RSI 67.8) is strong but extended; expect consolidation rather than melt-up.
5. HKSE Stocks (HKD)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| BYD | HK$93.00 | -0.85% | 60.6 | +0.87 | +3.18% | +7.47% | -3.43% | +43.70% |
| Alibaba | HK$129.90 | +1.41% | 69.7 | +0.72 | +11.92% | +16.46% | -5.72% | +42.30% |
Alibaba is the standout: +1.41% today, +14.6% w/w, +20.8% m/m, RSI 69.7, golden cross, +11.9% above its 20-day — momentum hot but short-term stretched; still -5.7% below its 200-day, so structural recovery has headroom. BYD is solid (+8.3% m/m, RSI 60.6, above 20/50-day) but -3.4% below its 200-day. Both run into late-Aug earnings (est. Aug 28) with elevated RSIs — results will test whether the rally is fundamentals-backed. Contrarian lens: HK-listed China tech is the strongest EM trade right now; the HSI reclaiming its 200-day (+0.7%) is the tell. Pullbacks toward the 20-day are more attractive entries than chasing at RSI ~70.
6. Crypto (USD)
Fear & Greed: 25/100 - Extreme Fear (flat)
| Name | Price | Chg% | RSI | Vol | MA20% | MA50% | MA200% | 52W% |
|---|
| BTC | $64,537.13 | +0.75% | 47.0 | +1.13 | +0.26% | +2.05% | -8.66% | +9.90% |
| ETH | $1,907.96 | +2.12% | 53.8 | +1.33 | +1.06% | +6.76% | -8.00% | +11.60% |
| DOGE | $0.07 | -0.19% | 53.1 | +0.94 | -1.54% | -5.65% | -24.99% | +0.80% |
Extreme Fear (25, flat) against stable-to-firmer prices is the key divergence: BTC (+0.75%, RSI 47.0) and ETH (+2.12%, RSI 53.8) both hold golden crosses above their 20/50-day MAs, with elevated volume (1.1–1.3x) on up-days — classic accumulation after a washout. Context: BTC is still ~49% below its 52-wk high (~US$126K) and -8.7% below its 200-day; ETH -8.0% below its 200-day; DOGE sits at the very bottom (0.8% of range, -25.0% vs 200-day, death cross). Bounce potential is real near-term (washed-out sentiment + stabilizing price + ETH leading), but the trend only turns on a 200-day reclaim (~US$70.6K BTC / ~US$2,074 ETH). Treat rallies as tactical until then.
7. Currency Corner (SGD Perspective)
USD/SGD at 1.2806, -0.11% on the day — the SGD is marginally firmer, continuing its gradual appreciation bias. For a Singapore-based investor this is a mild headwind on unhedged USD/HKD exposures (US stocks, HK stocks, crypto) when converted back to SGD, but this week's equity gains dwarf the FX drag (NVDA +12.4% w/w in USD is ~+12.3% in SGD terms). CNY/SGD steady at 0.1892. No MAS policy surprise risk in the near term; a softer USD improves the relative return of SGD-denominated assets.
8. Key Signals
Unusual Volume (High)
- Shanghai Comp 5.00x
- CSI 300 5.00x
Unusual Volume (Low)
- DBS 0.27x (thin)
- DBS 0.27x (thin)
- OCBC 0.14x (thin)
- OCBC 0.14x (thin)
- UMS 0.08x (thin)
- Sheng Siong 0.07x (thin)
- HSTECH 0.03x (thin)
Near 52W High (>95%)
- DBS 98.9%
- DBS 98.9%
- CSI 300 98.2%
- S&P 500 95.3%
Golden Cross (MA20 > MA50)
- AAPL
- Alibaba
- BTC
- BYD
- DBS
- DBS
- ETH
- HSI
- HSTECH
- MCHI
- OCBC
- OCBC
- S&P 500
- STI
- Sheng Siong
Death Cross (MA20 < MA50)
- CSI 300
- DOGE
- NVDA
- Shanghai Comp
- TSLA
- UMS
The aggregate picture: froth at the top (MCHI RSI 82.4; DBS and S&P 500 at ~95–99% of 52-week ranges; golden crosses across 13 watchlist names) and capitulation at the bottom (CSI 300 RSI 26.4; crypto at Extreme Fear with BTC/DOGE near 52-week lows). The rotation is unambiguous — out of A-shares (Shanghai -5.4% m/m, CSI 300 -8.2% m/m, both on ~5x volume) and into HK-listed China tech (Alibaba +20.8% m/m, HSI +9.5% m/m). TSLA is the lone US mega-cap in freefall (RSI 28.2, death cross). Together: risk appetite is broad but selective — index-heavy China and meme crypto are the stress pockets; banks, HK tech and NVDA are the leadership. Thin SGX volume readings (0.03–0.27x) are likely a data artifact and should be ignored.
9. Earnings Calendar Alert
DBS reported TODAY (Aug 6): record Q2 net profit S$3.08B (+9% YoY), beating the S$2.88B consensus; declared S$0.81/share (S$0.66 ordinary + S$0.15 capital return, vs S$0.75 a year ago); group NIM fell to 1.87% (from 2.05%) but wealth fees +42% to a record S$919M; NPL ratio flat at 1.0%; full-year guidance raised. OCBC and UOB report TOMORROW (Fri Aug 7) — the key watchlist catalyst inside the 14-day window. Further out: Alibaba (unconfirmed) and BYD both expected ~Aug 28 — outside the 14-day window, but both enter results extended (RSI 60–70), so earnings will be the test.
10. TL;DR
Key Takeaway
Leadership is clear and narrow: SG banks (DBS record Q2 beat today; OCBC results tomorrow), HK-listed China tech (Alibaba +20.8% m/m) and NVDA are driving gains, while A-shares (CSI 300 RSI 26.4, -3.6% today) and crypto (Extreme Fear 25) are the weak spots. Position for earnings week: hold DBS/OCBC into tomorrow's prints but be ready to trim into strength given ~93–99% 52-week-range positioning; let TSLA (RSI 28.2) and DOGE prove a bottom before adding; treat crypto bounces as tactical until BTC reclaims its 200-day (~US$70.6K). MCHI at RSI 82.4 argues for partial profit-taking rather than new money.