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08-28 19:55

SGX Weekly Review | STI Edges Up 0.19%; H22 Surges 10%, AVP Gains 7%, E28 Drops Nearly 9%

Singapore’s benchmark indices were mixed this week, with the Straits Times Index (STI) edging up 0.19% for the week. All three local banking heavyweights closed higher: $DBS(D05.SI)$ added 0.2% week on week, $OCBC Bank(O39.SI)$ rose 0.29% and hit a fresh intraday record on Aug 26, while $UOB(U11.SI)$ gained 0.62% across the week. Elsewhere, $Seatrium Ltd(5E2.SI)$ advanced 2.33% and $Wilmar Intl(F34.SI)$ climbed 2.7%. On the downside, $UOL(U14.SI)$ dropped 3.87%, $DFIRG USD(D01.SI)$
SGX Weekly Review | STI Edges Up 0.19%; H22 Surges 10%, AVP Gains 7%, E28 Drops Nearly 9%
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08-28 09:04

SG Morning Call | STI Rises 0.2%; AvePoint Soars 7%; Seatrium, UOL, AEM SGD up over 1%; YZJ Maritime, Great Eastern, YZJ Shipbldg up Within 1%

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.15%; AvePoint up 7%; Seatrium, UOL, AEM SGD up over 1%; YZJ Maritime, Great Eastern, YZJ Shipbldg up within 1%. Stocks in Focus $Frencken(E28.SI)$: The tech solutions provider on Thursday announced that it plans to raise S$100 million through a proposed placement of 44.1 million shares at S$2.2687 each. The new shares will be offered privately to institutional and accredited private investors. The proposed placement share price is at a 10 per cent discount and represents about 10.3 per cent of the existing issued shares as at Thursday. The counter closed flat at S$2.54 on Tuesday, before the company called for a trading halt. It resumes trading on Friday.
SG Morning Call | STI Rises 0.2%; AvePoint Soars 7%; Seatrium, UOL, AEM SGD up over 1%; YZJ Maritime, Great Eastern, YZJ Shipbldg up Within 1%
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08-27 09:04

SG Morning Call | STI Falls 0.27%; Sri Trang Agro, AEM SGD up over 2%; UMS, ST Engineering, ThaiBev, Olam Group up over 1%

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 0.27%; Sri Trang Agro, AEM SGD up over 2%; UMS, ST Engineering, ThaiBev, Olam Group up over 1%. Stocks in Focus $UOB(U11.SI)$: The bank on Thursday said it priced a one billion euro (US$1.2 billion) dual-tranche covered bond transaction across two-year and five-year tenors, the first offering of its kind by an Asian issuer. The issuance generated “exceptionally strong” demand, with order books peaking at over 4.25 billion euros, allowing the bank to significantly tighten pricing and achieve highly attractive funding costs. UOB shares fell 0.4 per cent or S$0.16 to close at S$40.95 on Wednesday. $ST Engineering(S63.SI)$: The group’s ur
SG Morning Call | STI Falls 0.27%; Sri Trang Agro, AEM SGD up over 2%; UMS, ST Engineering, ThaiBev, Olam Group up over 1%

SG Morning Call | Singapore Stocks Open Flat; SingPost Jumps 1.5% as Q1 Operating Profit up 55.2%; UOB Kay Hian, PanUnited up Around 1%

Market Snapshot Singapore stocks opened flat on Wednesday. Wing Tai, Golden Agri-Res up nearly 2%; SingPost jumped 1.5% as Q1 operating profit up 55.2%; UOB Kay Hian, PanUnited up around 1%. Stocks in Focus $Singapore Post(S08.SI)$ (SingPost): The postal service operator posted an operating profit of S$4.1 million for its first fiscal quarter ended Jun 30, up 55.2 per cent on an annualised basis. The growth was driven primarily by cost management, lower labour-related costs and efficiency gains, the group said on Wednesday. Group revenue for Q1 fell marginally by 0.9 per cent year on year to S$93.4 million, but operating profit margin expanded from 2.8 to 4.4 per cent. SingPost shares fell 2.9 per cent or S$0.01 to close at S$0.33 on Tuesday. $Marco
SG Morning Call | Singapore Stocks Open Flat; SingPost Jumps 1.5% as Q1 Operating Profit up 55.2%; UOB Kay Hian, PanUnited up Around 1%

SG Morning Call | Singapore Stocks Open Flat; Olam Group Down 2.8%; Frasers Property Down 2%; OUEREIT, AEM SGD Down over 1%; IFast, DBS Down Slightly

Market Snapshot Singapore stocks opened flat on Tuesday. Olam Group down 2.8%; Frasers Property down 2%; OUEREIT, AEM SGD down over 1%; iFast, DBS down slightly. Stocks in Focus $Frasers Property(TQ5.SI)$: Its wholly owned subsidiary Frasers Property Treasury on Tuesday proposed issuing S$150 million of fixed rate notes under its S$5 billion multicurrency debt issuance programme. OCBC has been appointed as the joint lead manager and active bookrunner and CIMB will be the joint lead manager and passive bookrunner. The interest rate for the notes is fixed at 3.5 per cent per annum payable semi-annually in arrear. Shares of Frasers Property ended flat at S$1.03 on Monday. $UltraGreen.ai(ULG.SI)$: The com
SG Morning Call | Singapore Stocks Open Flat; Olam Group Down 2.8%; Frasers Property Down 2%; OUEREIT, AEM SGD Down over 1%; IFast, DBS Down Slightly

SG Morning Call | STI Rises 0.3%; Wilmar Intl up over 2%; Golden Agri-Res, IFast, YZJ Shipbldg, CityDev, Kep Infra Tr, Mapletree Log Tr up Around 1%

Market Snapshot Singapore stocks opened higher on Monday. STI rose 0.3%; Wilmar Intl up over 2%; Golden Agri-Res, iFast, YZJ Shipbldg, CityDev, Kep Infra Tr, Mapletree Log Tr up around 1%. Stocks in Focus $Mapletree Industrial Trust(ME8U.SI)$: The chief executive of the manager, Lily Ler, is stepping down from her position to become group chief financial officer of Mapletree Investments, the trust’s sponsor. She will officially vacate her positions as CEO and executive director of the manager on Oct 1, the manager said on Friday. She will be replaced by Anand Tze Ming Chandran, the current head of Asia-Pacific data centres at Mapletree Investments. The trust’s units closed at S$1.92 on Friday, up 0.5 per cent or S$0.01, before the news.
SG Morning Call | STI Rises 0.3%; Wilmar Intl up over 2%; Golden Agri-Res, IFast, YZJ Shipbldg, CityDev, Kep Infra Tr, Mapletree Log Tr up Around 1%

SGX Weekly Review | STI Falls 1%; Bumitama Agri Soars 15%; First Resources Gains 12%; Sri Trang Agro, HPH Trust USD Jump over 8%; Golden Agri-Res Rises 7%

Singapore stocks fell this week, with the STI down 1%. In terms of individual stocks, $Bumitama Agri(P8Z.SI)$ up 15%; $First Resources(EB5.SI)$ up 12%; $Sri Trang Agro(NC2.SI)$, $HPH Trust USD(NS8U.SI)$ up over 8%; $Golden Agri-Res(E5H.SI)$ up 7%. Market News CapitaLand and IOI Close to Buying Singapore $1.9 Billion Office Towers, Bloomberg Reports CapitaLand Investment and Malaysian developer IOI Properties Group are nearing a deal to buy an iconic office development in Singapore’s commercial center, according to people familiar with the matter, Bloomberg reported, T
SGX Weekly Review | STI Falls 1%; Bumitama Agri Soars 15%; First Resources Gains 12%; Sri Trang Agro, HPH Trust USD Jump over 8%; Golden Agri-Res Rises 7%

SG Morning Call | CapitaLand and IOI Close to Buying Singapore $1.9 Billion Office Towers, Bloomberg Reports

Market Snapshot Singapore stocks opened lower on Friday. STI fell 0.5%; OCBC fell 1%; UOB fell 0.7%;Singtel fell 0.5%; DBS fell 0.4%. Stocks in Focus $Jardine Cycle & Carriage Limited(C07.SI)$: JC&C announced on Friday that it has entered into a conditional share and asset purchase agreement to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia to CCHPL Holdings, a wholly owned subsidiary of Indonesia’s Chandra Asri Pacific. The estimated base purchase price payable in cash is around S$265 million. Shares of JC&C ended at S$27.50 on Thursday, 1.2 per cent or S$0.32 higher. $Creative Technology(C76.SI)$: The technology group on Thursday pos
SG Morning Call | CapitaLand and IOI Close to Buying Singapore $1.9 Billion Office Towers, Bloomberg Reports

SG Morning Call | Singapore to Offer Tax, Visa Incentives for Fund Sector to Rival Hong Kong

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 04%; Sats fell 6%; SIA fell 0.7%; OCBC fell 0.6%; DSB fell 0.4%. Stocks in Focus $OCBC(O39.SI)$: The bank announced on Thursday that it has priced £1 billion (US$1.4 billion) in aggregate principal amount of floating rate covered bonds due 2029. The covered bonds will bear interest at the compounded daily Sterling Overnight Index Average rate, plus 0.48 per cent per annum payable quarterly in arrear. The bonds are expected to be issued on Aug 26 and listed on the Singapore Exchange (SGX) on Aug 27. Shares of OCBC ended at S$30.94 on Wednesday, S$0.01 or 0.03 per cent lower. $Sats(S58.SI)$: The company on Wednesday posted a S$75.1 mill
SG Morning Call | Singapore to Offer Tax, Visa Incentives for Fund Sector to Rival Hong Kong

SG Morning Call | UOB Prices US$1.4 Billion Floating Rate Covered Bonds Due 2030

Market Snapshot Singapore stocks opened lower on Wednesday. STI fell 0.7%; OCBC fell 1.6%; Singtel fell 1.4%; UOB fell 0.7%; DBS fell 0.5%. Stocks in Focus $UMS Integration(558.SI)$: The group announced on Tuesday that the company’s wholly owned subsidiary in Singapore, UMS International, has incorporated a wholly owned subsidiary in Vietnam, UMS Vietnam Integration Company, with an issued and paid-up share capital of US$2 million. Shares of UMS ended at S$2.82 on Tuesday, S$0.05 or 1.7 per cent lower. $Koh Brothers Eco Engineering(K75.SI)$: Shareholders of Koh Brothers Eco Engineering voted in favour of moving the company from the Catalist to the mainboard of the Singapore Exchange in an extraordinar
SG Morning Call | UOB Prices US$1.4 Billion Floating Rate Covered Bonds Due 2030

SG Morning Call | SIA Group’s July Passenger Traffic Grows 2.6% Amid Growing Passenger Capacity

Market Snapshot Singapore stocks opened lower on Tuesday. STI fell 0.6%; SGX fell 1.7%; Singtel, OCBC, and SIA fell 0.9%; DBS fell 0.8%; UOB fell 0.7%. Stocks in Focus $ST Engineering(S63.SI)$: The impact of the Middle East war, alongside higher fuel and logistics costs, is assessed to be ”not material at the group level”, said ST Engineering chief executive officer Vincent Chong on Thursday at the group’s annual general meeting (AGM). He added that less than 3 per cent of the group’s FY2025 revenue came from the Middle East. Shares of ST Engineering closed 2 per cent or S$0.22 lower at S$11.03 on Thursday. $CapLand IntCom T(C38U.SI)$: posted on Friday a 7.9 per cent rise in net property income (NPI)
SG Morning Call | SIA Group’s July Passenger Traffic Grows 2.6% Amid Growing Passenger Capacity

SG Morning Call | UOB’s Digital Wealth Sales, Transactions Jump Almost 50% as Clients Invest More Online

Market Snapshot Singapore stocks opened lower on Monday. STI fell 0.8%; Sembcorp Ind rose 1%; UOB fell 0.2%; Keppel, OCBC, DBS fell 0.3%; Singtel fell 0.5%. Stocks in Focus $Straits Trading Company(S20.SI)$: The group on Friday posted a net loss of S$11.1 million for the first half ended Jun 30, narrowing from a net loss of S$40.8 million in the same year-ago period. This was mainly due to stronger performance by the company’s resources segment, and the absence of non-cash remeasurement loss on the exchangeable bonds recognised in H1 the year prior. Revenue for H1 was up 49.5 per cent on the year to S$400 million, from S$267.5 million. The counter closed unchanged at S$1.62 on Friday, before the release of the results.
SG Morning Call | UOB’s Digital Wealth Sales, Transactions Jump Almost 50% as Clients Invest More Online

SGX Weekly Review | STI Rises 0.8%; Yangzijiang Shipbuilding Surges 10%; OCBC Jumps 5%; UOB, SIA Drop 4%

Singapore stocks rose this week, with the STI up 0.8%. Investors reacted positively to the possibility of the US Federal Reserve choosing not to raise interest rates in September. In terms of individual stocks, Yangzijiang Shipbuilding rose 10%; Genting Singapore rose 7.3%; ST Engineering rose 6.2%; OCBC rose 4.9%; Sembcorp rose 4.1%; Singtel rose 3.5%; SGX rose 3%; Keppel rose 1.3%; Sats fell 2.7%; UOB fell 3.5%; SIA fell 3.6%; Wilmar and YZJ Maritime fell 4.8%. Market News Singapore Raises 2026 Growth Forecast on AI Boom After Robust Q2 GDP Singapore raised its economic growth forecast for 2026 on Tuesday, saying a stronger-than-expected global artificial intelligence investment boom and a milder impact from the Middle East war should support activity in the second half of the year. The
SGX Weekly Review | STI Rises 0.8%; Yangzijiang Shipbuilding Surges 10%; OCBC Jumps 5%; UOB, SIA Drop 4%

SG Morning Call | STI falls 0.36%, UMS surges over 7%, AEM SGD up nearly 5%, UOL drops more than 3%

Market Snapshot Singapore’s stock market opened mixed on friday, with the STI index down 0.36%. UMS surged more than 7% and AEM SGD gained nearly 5%, while UOL fell over 3% and JMH USD dropped more than 1%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Friday (Aug 14): $ThaiBev(Y92.SI)$: The company on Thursday reported a 1.8 per cent dip in revenue to 254 billion baht (US$7.7 billion) for the nine months ending Jun 30, compared with the year-ago period. The decline was led by its beer segment, where revenue dropped 5.3 per cent to 91.3 billion baht. The decline was attributed to unfavourable foreign exchange translation effects and a slight slowdown in the Thai market. Shares of Thai
SG Morning Call | STI falls 0.36%, UMS surges over 7%, AEM SGD up nearly 5%, UOL drops more than 3%

SG Morning Call | Singapore Stocks Open Mixed Thursday; STI Edges Up 0.09%, AEM SGD Surges Nearly 8%

Market Snapshot Singapore stocks opened mixed on Thursday, with the Straits Times Index (STI) edging up 0.09%. On the upside, $AEM SGD(AWX.SI)$ surged nearly 8%, while UMS climbed over 2%. On the downside, UOL fell more than 2%, and both JMH USD and Singtel declined by over 1%. OCBC Bank dipped 0.6%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Thursday (Aug 13): $Singtel(Z74.SI)$: The telco on Thursday reported a 71.6 per cent fall in first-quarter net profit to S$818 million. It attributed the decline to exceptional gains from the sale of a partial stake in Airtel and the Intouch-Gulf Energy merger in the same quarter last year. Underly
SG Morning Call | Singapore Stocks Open Mixed Thursday; STI Edges Up 0.09%, AEM SGD Surges Nearly 8%

SG Morning Call | STI Slips 0.07%; AEM SGD, UOL Up Over 1%, DBS Adds 0.3%; JMH USD Drops 1.6%

Market Snapshot Singapore shares opened lower across the board on Wednesday, with the Straits Times Index dipping 0.07%. $AEM SGD(AWX.SI)$ and UOL advanced more than 1% each, DBS rose 0.3%, while JMH USD declined 1.6%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 12): $CapLand IntCom T(C38U.SI)$: The trust on Wednesday posted a distribution per unit (DPU) of S$0.0602 for its first half ended Jun 30, up 7.1 per cent year-on-year. The DPU growth was supported by stronger operating performance and lower interest expenses, and achieved despite an enlarged unit base following a private placement in April. Distributable income fo
SG Morning Call | STI Slips 0.07%; AEM SGD, UOL Up Over 1%, DBS Adds 0.3%; JMH USD Drops 1.6%

SG Morning Call | STI dipped slightly; O39 gained 1.8%, while A7RU and U14 rose nearly 1%

Market Snapshot Singapore stocks open mixed on Tuesday; $OCBC Bank(O39.SI)$ gains 1.8%, $Kep Infra Tr(A7RU.SI)$ and $UOL(U14.SI)$ rise nearly 1%; JMH USD falls nearly 1%, Singtel slips about 0.5%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 11): $UOB Kay Hian(U10.SI)$: The brokerage on Friday posted a 66 per cent surge in net profit to S$164.7 million for the first half of FY2026 ended June, driven by higher trading volume and revenue growth. Revenue rose 41.8 per cent to S$481.1 million, and interest income grew 19.9 per cent to S$137.
SG Morning Call | STI dipped slightly; O39 gained 1.8%, while A7RU and U14 rose nearly 1%

SGX Weekly Review | STI Rises Over 1% as Strong Bank Earnings Lift D05, O39, S68 to Record Highs

Market OverviewThe Straits Times Index (STI) posted a solid gain for the week, rising approximately 1.24% to close at 5,698.43 on Friday, August 7. The market was supported by renewed buying interest in blue-chip names, with financial stocks leading gains after major lenders reported better-than-expected second-quarter results. STI Constituents With Strong Performance Among the 30 STI constituents, financial stocks were the biggest contributors. DBS Group Holdings (D05): Shares advanced strongly after Q2 earnings exceeded expectations. The stock price rose more than 3% during the week and hit a record high. OCBC (O39): OCBC rose more than 4% during the week, hitting a new all-time high. The bank reported Q2 net profit of S$2.22 billion, up 22% year on year. Singapore Exchange (S68): The st
SGX Weekly Review | STI Rises Over 1% as Strong Bank Earnings Lift D05, O39, S68 to Record Highs

SG Morning Call | STI Opens 0.3% Higher; Venture up 7%; SGX, OCBC Bank up over 2% on Strong Earnings; DBS Rises Slightly; UOB Falls over 2%

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.3%; Venture up 7%; SGX, OCBC Bank up over 2% on strong earnings; DBS rose slightly; UOB fell over 2%. Stocks in Focus $UOB(U11.SI)$: The lender on Friday said it recorded a S$1.48 billion net profit for its three months ended Jun 30, up 10 per cent year on year from S$1.34 billion. This was due to net fee income rising on record wealth management fees. The earnings slightly beat the S$1.45 billion consensus forecast in a Bloomberg survey of five analysts. It declared a dividend of S$0.88 per share for the period, down from S$1.10 per share paid out in the same year-ago period. UOB shares ended 1.2 per cent or S$0.52 higher at S$43.58 on Thursday.
SG Morning Call | STI Opens 0.3% Higher; Venture up 7%; SGX, OCBC Bank up over 2% on Strong Earnings; DBS Rises Slightly; UOB Falls over 2%

SG Morning Call | STI Rises 0.25%; DBS Jumps 1.2% After Posting Record Q2 Profit; GLD US$ up over 3%; Top Glove, Thomson Medical up Around 2%

Market Snapshot Singapore stocks opened higher on Thursday. STI rose 0.25%; DBS rose 1.2% after posting record Q2 profit; GLD US$ up over 3%; Top Glove, Thomson Medical up around 2%. Stocks in Focus $DBS(D05.SI)$: The local bank’s net profit for the three months ended Jun 30, 2026, stood at S$3.08 billion, up 9 per cent from the S$2.82 billion in the year-ago period. It rose as higher non-interest income – including a surge in wealth fees – more than offset a declining rate environment. Ahead of the results, shares of DBS closed 1.3 per cent or S$0.95 lower at S$73.55 on Wednesday. $Keppel(BN4.SI)$: The asset manager and operator on Wednesday said that it has successfully hit S$2.1 billion in year-to-
SG Morning Call | STI Rises 0.25%; DBS Jumps 1.2% After Posting Record Q2 Profit; GLD US$ up over 3%; Top Glove, Thomson Medical up Around 2%

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