Moving on, here are the news that shocked the world…

Trump U.S. TikTok Deal: President Trump has approved the U.S. TikTok deal that is worth US$14 billion with potential investors of Oracle, Silver Lake and MGX. China still has to approve it though [Read More]

Nvidia $NVDA ( ▲ 0.28% )  : Nvidia is investing US$100 million into OpenAI and in return, OpenAI will use that cash to buy chips from Nvidia. [Read More]

Oracle $ORCL ( ▼ 2.7% )  : Oracle is naming two co-CEOs for the company - Clay Magouyrk and Mike Sicilia. Ex-CEO, Safra Catz, will be the executive vice-chair on the board [Read More]

Meta $META ( ▼ 0.69% )  : Meta is investing into the power trading business as AI demand is sending electricity demand to sky-high levels. Better to control the supply chain too [Read More]

Costco $COST ( ▼ 2.9% )  : Costco going up. 4Q 2025 results beat expectations driven by e-commerce sales and higher membership [Read More]

Here are the news covering the Asia market…

Alibaba $BABA ( ▼ 2.03% )  : Alibaba is going higher. China Unicom has revealed that is has been buying Alibaba’s homegrown AI chips [Read More]

Keppel DC REIT: Land of the rising sun. Keppel DC REIT is acquiring Tokyo Data Centre 3 for US$707 million [Read More]

ComfortDelGro/Grab: ComfortDelGro and Grab are rolling out autonomous shuttle services in Punggol [Read More]

Food Empire: Food Empire has raised SG$41.7 million with take-up by Amova Asset Management, ICH Capital and Lion Global Investors [Read More]

Centurion Accommodation REIT: More news on the REIT. It traded 9.1% higher than its IPO price on its first day of trading [Read More]

See below for our handpicked analyst reports:

With the listing of Centurion Accomodation REIT this week, this is a good time to talk about rental reversion.

What is it?

You would have seen this term in a lot of REIT analyst report.

It is the change in rental rates from the old lease/rental agreement to the new one.

• If the rental is higher, it is POSITIVE rental reversion

• If it is lower, it is NEGATIVE rental reversion

This is a metric that is used to measure REIT’s ability to increase their rent of the properties in the future.

And whether leasing demand for their properties are strong.

REITs with a long track record of positive rental reversion typically have assets in locations with a lot of activities.

Costco makes the list this week.

Why?

Its 4Q 2025 results have exceeded expectations in this climate of Trump tariffs.

And that’s a rare sight.

• Revenue is up by 8% to US$84 billion

• Profit is up by 10.9% to US$2.6 billion

The segments driving the company?

• E-commerce: +15%

• Membership: +14%

Here is where I want to talk a little about its membership program at Costco.

It has the ability to be recession-proof as U.S. consumers will want to buy cheaper products if Trump tariffs hit in the coming months

• A membership allows consumers to buy things in bulk and cheaper

• Consumers are looking for value

• And it has attracted younger shoppers with its e-commerce platform

While it is not on the level of Walmart yet, it could fare better if consumers pivot hard into value items in bulk.

Analysts are targeting Costco at a target price of US$1,086 with an upside of +18%.

Hope the above is fruitful for you all..

Cheers,
James Yeo