This Week at InvestKaki:

• 🤔1 August is Here and so are Trump Tariffs

• 😁 Microsoft Joins the $4 trillion Club

• 🛋️ Genting Singapore Surprise?

• 🏦 Tariffs Explained

• 📢 Spotlight on Microsoft

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

Trump Tariffs $SPX ( ▼ 1.6% ) : Well, it’s here. Trump has initiated tariffs on more than 90 countries for the 1 August 2025 deadline. [Read More]

Microsoft $MSFT ( ▼ 1.76% ) : Microsoft joins the elite club of US$4 trillion with Nvidia after it reported strong financial performance for 4Q 2025. Revenue rose by 18%. [Read More]

Tesla $TSLA ( ▼ 1.83% ) : Elon is trying to make some moves. He has signed a US$16.5 billion to source chips from Samsung. [Read More]

Intel $INTC ( ▼ 2.48% ) : Intel beat expectations but is reporting a loss of US$2.9 billion for 2Q 2025. It is also planning to cut down on investments and jobs in its foundry business [Read More]

Union X Norfolk $UNP $NSC : Union Pacific and Norfolk Southern is merging to form America’s biggest railroad operator that is estimated to be worth US$250 billion [Read More]

Meta $META ( ▼ 3.03% ) : Meta is creating its own meta. Financial performance exceeded expectations as its ad engine business is driving the company up and away [Read More]

Here are the news covering the Asia market…

Tariff Extension: The tariff deal between China and the U.S is extended by 90 days again as they both came out empty-handed [Read More]

Singapore Airlines: Singapore Airlines hit some turbulence. Profits are down by 59% for 1Q 2026 due to lower interest income and losses from its associate companies [Read More]

Seatrium: 300% growth! That’s how much Seatrium 1H 2025’s profits grew to SG$144 million. Meanwhile, revenue is up by 34% to SG$5.4 billion [Read More]

Jardine C&C: It’s up and running. Jardine’s underlying profit for 1H 2025 is up 6% to US$529 million [Read More]

Sheng Siong: Going steady. Sheng Siong’s revenue and profits are up by 7.1% and 3.4% respectively [Read More]

See below for our handpicked analyst reports:

This week, I want to talk about tariffs.

I know, I know. This has beaten to death in the last few months but since Trump decided to impose tariffs on more than 90 countries on 1 August 2025, this is a good time to revisit this term.

What are tariffs? There are two types of tariffs actually - import and export.

Imagine you want to buy a box of collectible toys (Labubu and PopMart toys are pretty popular these days) from overseas to sell in your country. You contact the seller, choose the products, pay for the goods and transportation, and wait for them to come.

One week later, you receive a call. It’s the customs department. They have received your box but is now asking you to pay for a ‘custom duties’ of 15%. If you don’t, you won’t be able to receive the package.

That, my folks, is an IMPORT TARIFF.

It is a tax imposed by the country on things entering from other countries. And most of the time, it’s paid by the company that imports them.

The company has two choices here

1. Suck it up and absorb the cost.

2. Pass the cost to consumers and raise prices.

Meanwhile, an EXPORT TARIFF is when a company wants to send things overseas. It would have to pay a tax to the government to do that. This is very rare as most countries wants local companies to export more to overseas.

Another joins the US$4 trillion elite club - Microsoft.

This was inevitable. Nvidia did it a couple of weeks ago, so it’s a matter of time before Microsoft comes up also.

Microsoft’s 4Q 2025 financial results have been strong.

1. Revenue was up by 18% to US$76.4 billion.

2. Profits grew by 24% to US$27.2 billion.

More importantly, its Azure AI business division continues to show that the AI hype is noy dying down anytime soon.

Meanwhile, its Microsoft Cloud business is up by 27%.

It seems like the sky is the limit for Microsoft at this point, same with Nvidia too.

Trading View has the company at an average target price of US$592 with an implied upside of 11%.

Hope the above is fruitful for you all..

Cheers,
James Yeo