The STI just suffered its sharpest two-session rout in months, led by a sudden sell-off in Singapore's banking giants. Profit-taking or something deeper? With US 10-year yields above 5 per cent competing directly with dividend equities, S-Reits squeezed by rising borrowing costs, and institutions quietly rotating into industrials and semiconductors — the question isn't whether growth exists, but which companies can actually convert it into earnings. Geoff Howie, market strategist at SGX, joins us to separate signal from noise.

Highlights:

01:07 Reset in expectations, not fundamentals

04:14 Have bank net interest margins peaked?

08:10 S-Reits: the four metrics that signal dividend survival

12:06 MAS' EQDP: real liquidity or just promises?

15:05 Value trap or true entry point: how to tell the difference

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Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg.

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Written and hosted by: Howie Lim (howielim@sph.com.sg)

With Geoff Howie, market strategist, SGX

Edited by: Howie Lim & Claressa Monteiro

Produced by: Howie Lim & Chai Pei Chieh

A podcast by BT Podcasts, The Business Times, SPH Media

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