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STI Movers: JMH USD Leads Gains as UIBREIT Slides 8.5%

Singapore  equities  saw  mixed  moves  on  Thursday,  with  selective  strength  among  blue  chips  while  REITs  showed  sharper  volatility. STI  Top  Gainers Top  Performer: Jardine Matheson Holdings Ltd  (J36. SG) +2.21%  to  S$76.31 Other  notable  gainers: Thai Beverage PCL  +1.14% Wilmar International Ltd  +1.08% Hongkong Land Holdings Ltd  +1.07% Seatrium Ltd  +0.84% Key  Point:  Jardine  Matheson  led  STI  gains,  reflecting  strength  in  regional  conglomerates. STI  Top  Losers DFI Retail Group Holdings Ltd  (D01. SG) -5.26%  to  S$4.50 Other  laggards  included: UOL Group Ltd  -2.81% Yangzijiang Shipbuilding Holdings Ltd  -1.47% Genting Singapore Ltd  -1.47% SATS Ltd  -1.08% REITs  Movers Top  Gainers BHG Retai...
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Bitcoin Selloff Presents Buying Opportunity for Coinbase and Crypto Stocks

 Bitcoin’s Drop & Market Impact

  • Bitcoin has plunged over 20% since Inauguration Day, from nearly $110,000 to around $87,000.
  • Coinbase (COIN) tumbled more than 20% over the past five days, while Robinhood (HOOD) dropped 24%.
  • Crypto miners like Riot Platforms (MARA), Core Scientific (CORZ), and CleanSpark (CLSK) also saw sharp declines.

Why This Could Be a Buying Opportunity

  • SEC dropped investigations into Coinbase & Robinhood, easing regulatory concerns.
  • Trump’s SEC nominee, Paul Atkins, is seen as a pro-crypto advocate, signaling an end to "regulation by enforcement."
  • Analysts see strong upside potential:
    • Oppenheimer's Owen Lau: Coinbase price target at $388 (85% upside).
    • Daiwa’s Steven Nie: Coinbase target at $400, citing resilient trading volumes despite Bitcoin’s correction.

Crypto Miners May Rebound

  • Cantor Fitzgerald analyst Brett Knoblauch believes the crypto bull market could last another 12-16 months, supporting Bitcoin mining revenues.
  • Miners like MARA, CORZ, and CLSK trade at reasonable valuations, with expectations for strong revenue and EBITDA growth.
  • Miners are also pivoting to AI-driven data centers, leveraging advanced cooling & energy infrastructure.

Outlook: A Temporary Dip?

  • Bitcoin-related stocks remain volatile, but with the SEC embracing Bitcoin ETFs, sentiment may shift.
  • Coinbase and Robinhood are well-positioned to recover, assuming Bitcoin prices stabilize.

Summary:

  • Bitcoin's 20% drop has led to a selloff in crypto stocks, but analysts see a rebound ahead.
  • SEC’s policy shift & Trump’s pro-crypto stance improve regulatory outlook.
  • Coinbase, Robinhood, and crypto miners remain undervalued, presenting a buying opportunity.
  • Miners diversifying into AI infrastructure could add long-term value.
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