Your Money with Michelle Martin

Money and Me: Singapore’s Market Renaissance - Structural Shift or Late-Cycle Euphoria?

Is Singapore witnessing a durable capital markets revival - or the final act of a liquidity-driven surge? In this episode, hosted by Michelle Martin, we examine whether the STI’s charge past 5,000 marks a structural re-rating of Singapore equities or a cyclical rebound fuelled by policy tailwinds. With Jason Saw, Group Head of Investment Banking at CGS International, we unpack Budget 2026’s S$1.5 billion EQDP top-up and the new Anchor Fund - and what they mean for price discovery and pre-IPO pipelines. We explore how improving breadth - with more small- and mid-cap counters trading above S$1 million daily - signals deeper liquidity and broader participation. The conversation turns to sector leadership: banks, offshore oil & gas, construction, AI-linked plays, and real estate - where fundamentals and sentiment intersect. We assess whether rising IPO activity and corporate actions point to sustainable issuer confidence across primary and secondary markets. Finally, we ask how investors can “read” momentum cycles to gauge when expansion gives way to consolidation. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Market View: US Tariff whiplash, Data Centre Power Plays, and Earnings in Focus

Markets are anything but sleepy this morning as we come to grips with US global tariff hikes to 15%.  US President Donald Trump is reimposing temporary 15% tariffs after a Supreme Court setback - Michelle asks what this means for Singapore exporters and global trade deals. MIchelle and Ryan unpack how Digital Core REIT, backed by Digital Realty, is pivoting to an “offensive” strategy despite a vacant US asset and weak unit performance. We examine how earnings take centre stage with Nvidia, Workday, Dell Technologies and Intuit all reporting this week. In UP or DOWN, we size up Latin America’s record rally, Rolls-Royce Holdings’ buyback plans, CoreWeave’ funding jitters, and Minor International’ debt-cutting REIT ambitions. Closer to home, the STI extends gains past 5,000 as Yangzijiang Shipbuilding and Genting Singapore outperform while Singapore Exchange lags. And for our Last Word, both explore how Japan’s “nekonomics” turned feline fandom into a multi-billion-dollar GDP contributor. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Money and Me: Property on the Blockchain in SG?

What if you could own a slice of a prime building in Singapore for the price of a holiday - and trade it like a stock? In this episode, hosted by Michelle Martin, we unpack whether real estate tokenisation is a breakthrough or just a buzzword. What do you actually own? How does tokenised property differ from a REIT? How as an investor can you tell  whether liquidity is real or theoretical? Does Singapore’s strong REIT market make tokenisation redundant - or is there a genuine access advantage? To what extent is tokenisation of property an opportunity in Singapore - or still a wait-and-see experiment? Michelle Martin speaks with Keith Ong, CEO, RealVantage for his view on the issues. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Market View: Amazon vs Walmart, Genting’s Bet & The STI at 5,000

Can you really call yourself the world’s biggest retailer if your edge comes from the cloud? In this episode, hosted by Michelle Martin with Ryan Huang, we unpack how Amazon dethroned Walmart in 2025 revenue - but only thanks to AWS. Strip out cloud, and the retail crown looks very different. We examine Walmart’s softer profit print, its quiet online gains, and why its stock is beating Amazon year-to-date. In Singapore, DBS upgrades Genting Singapore amid strong cash reserves and a constructive gaming environment. Plus: Sea Ltd & Google’s AI tie-up, Nestlé’s ice cream exit, New Balance vs Nike, OUE REIT & UOB’s One Raffles Place sale, and the STI’s charge past 5,000. Hear about: Amazon | Walmart | AWS | DBS | Genting Singapore | Sea Ltd | Google | Nestlé | New Balance | Nike | OUE REIT | UOB | Yangzijiang Shipbuilding | Mapletree Logistics Trust See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Money and Me: AI shockwave and SAAS & India’s Early Equity Moment

If AI can replace junior lawyers overnight, what does that mean for your portfolio tomorrow? In this episode, hosted by Michelle Martin, with guest Arun Pai, Associate Partner, Monk’s Hill Ventures  we unpack how an AI model from Anthropic is unsettling legal firms and deepening the AI scare trade across tech markets. Why did billions evaporate in a single session - was it panic, or a recognition that business models are being rewritten? We explore whether value now lies in proprietary data, ecosystem dominance, or AI infrastructure control. In Asia, Indian billionaire Mukesh Ambani and Larry Fink of BlackRock are urging Indians to pivot from gold into domestic equities - could this fuel a 1990s-style retail boom? We assess India’s growth outlook and whether capital rotation signals explosive expansion ahead. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.