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10-10 19:36

SGX Weekly Review | STI Drops Over 4%; AWX Surges More Than 7%, Nearing Record High; OCBC Bank Falls Over 8%, UOB Down More Than 7%, DBS Slips 5%

Singapore stocks extended their weakness this week, with the STI plunging 4.13% for the week. Pressure from oil and the bond market continued to weigh on sentiment. On the individual stock front, $AEM SGD(AWX.SI)$ surged over 7% for the week, approaching its historical high; $First Resources(EB5.SI)$ gained more than 6.5%. $Ambiq Micro(AMQ.SI)$ plunged nearly 14%, while $OCBC Bank(O39.SI)$ fell over 8%, $UOB(U11.SI)$ dropped more than 7%, and $DBS(D05.SI)$ declined 5%. Market News Singapore retail sales growth slows to 0.7%
SGX Weekly Review | STI Drops Over 4%; AWX Surges More Than 7%, Nearing Record High; OCBC Bank Falls Over 8%, UOB Down More Than 7%, DBS Slips 5%
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10-09 10:32

Singapore Bank Stocks Extend Losses After JPMorgan Flags Pressure From Soaring Long Bond Yields on Q3 Profits

Singapore bank shares deepened their decline on Friday as JPMorgan Chase & Co. cautioned that sharply rising long bond yields will weigh on third-quarter earnings for lenders in Southeast Asia. $UOB(U11.SI)$ fell 1.91%; $DBS(D05.SI)$ fell 1.27%; $OCBC Bank(O39.SI)$ fell 0.45%. On Thursday, DBS Group Holdings Ltd. and Oversea-Chinese Banking Corp. each fell more than 4%, while United Overseas Bank Ltd. dropped 5.2%. These stocks were among the heaviest drags on the benchmark Straits Times Index, which plunged 3.5%, its biggest drop since April 2025. The index was the weakest performer in Asia. The slide follows a multiyear rally in Singapore lenders fuel
Singapore Bank Stocks Extend Losses After JPMorgan Flags Pressure From Soaring Long Bond Yields on Q3 Profits
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10-09 09:03

SG Morning Call | STI Opens 0.72% Higher. OCBC Bank, UOB, Bumitama Agri, OUEREIT, YZJ Shipbldg Jump Around 1%

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.72%; OCBC Bank, UOB, Bumitama Agri, OUEREIT, YZJ Shipbldg jumped around 1%. Stocks in Focus $Frasers Property(TQ5.SI)$: The CEO of Frasers Hospitality Eu Chin Fen will be stepping down, effective Jan 1, 2027. This follows the privatisation of Frasers Hospitality Trust and its portfolio optimisation. Frasers Hospitality’s leadership structure “will be strategically segmented, aligning with group resources, and reporting into senior group leadership”. Its chief operating officer Chew Hang Song will report to the group CEO. The counter closed at S$0.955 on Thursday, down S$0.01 or 1 per cent. $StarHub(CC3.SI)$: The telco said it will ac
SG Morning Call | STI Opens 0.72% Higher. OCBC Bank, UOB, Bumitama Agri, OUEREIT, YZJ Shipbldg Jump Around 1%

SG Morning Call | STI Opens 1% Lower; DBS, UOB Drop Around 2%; OCBC Bank Down over 1%; Capland IntCom T, YZJ Shipbldg up over 1%

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 1%; DBS, UOB dropped around 2%; OCBC Bank down over 1%; Capland IntCom T, YZJ Shipbldg up over 1%. Stocks in Focus $SIA(C6L.SI)$: Singapore Airlines and Air India will offer standalone code-share flights and “enhanced” frequent-flyer benefits, giving passengers “greater flexibility” in trip planning with 126 weekly flights, the two carriers announced on Wednesday. The expanded offerings cover flights between Singapore and eight Indian cities: Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kochi, Kolkata and Mumbai. $CapitaLand Investment(9CI.SI)$: CapitaLand Investment and IOI Properties Group are now in exclusive due diligence for
SG Morning Call | STI Opens 1% Lower; DBS, UOB Drop Around 2%; OCBC Bank Down over 1%; Capland IntCom T, YZJ Shipbldg up over 1%

SG Morning Call | STI Down 0.6%; JMH USD Up Over 2%, OCBC Bank Down Over 3%

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.82%; AEM SGD up over 6%; UMS, Kep Infra Tr up about 2%; JMH USD, Singtel, DBS, OCBC Bank, UOL up over 1%. Stocks in Focus The following company saw new developments that may affect trading of its securities on Wednesday (Oct 7): ESR-Reit : The real estate investment trust (Reit) manager said on Tuesday that it has recovered around 75 per cent of outstanding arrears resulting from a default in rental payments at some of its Australian properties. This leaves A$3 million (US$2.1 million) in outstanding arrears, after they were recovered through the partial drawdown of the banker’s guarantees. Units of ESR-Reit closed flat at S$2.04 on Tuesday, before the announcement. SG Local News MAS’ third EQDP shot of S$1.45 billion a
SG Morning Call | STI Down 0.6%; JMH USD Up Over 2%, OCBC Bank Down Over 3%

SG Morning Call | STI Index Up 0.07%; Jardine C&C Rises Over 2%, JMH USD Up More Than 1%

Market Snapshot On Tuesday, Singapore stocks opened slightly higher, with the STI index rising 0.07%. $Jardine C&C(C07.SI)$ gained more than 2%, and JMH USD rose over 1%; AEM SGD fell about 0.4%, and UMS dropped more than 1%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 6): Civmec : The engineering and construction company has secured a series of new contract awards and extensions with a combined value exceeding A$220 million (US$153.3 million), the company announced on Monday. The recent string of wins bolsters the group’s total order book to about A$1.5 billion. Shares of Civmec ended flat at S$1.52 on Monday, before the announcement. Aspial Lifestyle : The compa
SG Morning Call | STI Index Up 0.07%; Jardine C&C Rises Over 2%, JMH USD Up More Than 1%

SG Morning Call | STI Opens 0.82% Higher; AEM SGD up over 6%; UMS, Kep Infra Tr up About 2%; Singtel, DBS, OCBC Bank, UOL up over 1%

Market Snapshot Singapore stocks opened higher on Monday, with the STI Index rising 0.15%. JMH USD gained 2.4%, AEM SGD climbed 1.9%, DBS advanced 0.6%, while OCBC Bank and UOL both rose nearly 0.4%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Monday (Oct 5): Far East Orchard : O10 0%, Far East Hospitality Trust (FEHT) : Q5T 0%: Far East Orchard is acquiring an additional 42 per cent stake in the managers of FEHT for S$28.3 million. This transaction will propel its core assets under management past its S$3 billion target to S$3.9 billion, Far East Orchard announced on Monday. Shares of Far East Orchard ended 1 per cent or S$0.01 higher at S$1.06 on Friday. Shares of FEHT ended at S$0.51, 1.9 per cent or S$0.01 lower. UltraG
SG Morning Call | STI Opens 0.82% Higher; AEM SGD up over 6%; UMS, Kep Infra Tr up About 2%; Singtel, DBS, OCBC Bank, UOL up over 1%

SG Morning Call | Singapore's CapitaLand Investment Wins $1.9 Billion Income Insurance Real Estate Mandate

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.2%; OCBC rose 0.7%; SGX fell 0.7%; Sembcorp fell 0.5%. Stocks in Focus $Singapore Exchange(S68.SI)$ (SGX): The group and the Vietnam Exchange (VNX) signed a memorandum of understanding (MOU) to “strengthen their collaboration and jointly explore the establishment of a depository receipt linkage”, they said on Thursday. The MOU aims to enhance cross-border investment opportunities and promote greater connectivity between the two markets. It builds on a 2024 agreement and establishes a framework for SGX and VNX to jointly examine and develop depository receipt products between the two markets. Shares of SGX ended flat at S$22.61 on Thursday, before the news. SG Local News Singapo
SG Morning Call | Singapore's CapitaLand Investment Wins $1.9 Billion Income Insurance Real Estate Mandate

SG Morning Call | Singapore Power Rates to Fall From Record After Fuel Price Drop

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 0.4%; Keppel, YZJ Shipbldg fell 1%; OCBC fell 0.7%; DBS, SIA fell 0.6%; UOB, SGX fell 0.4%. Stocks in Focus $DBS(D05.SI)$: The bank on Thursday said it has appointed Gautam Banerjee to the boards of DBS Group Holdings and DBS Bank, with immediate effect. Banerjee is currently chairman and senior managing director of Blackstone Singapore. He also serves on the boards of Singtel and GIC. Shares of DBS fell 1.1 per cent or S$0.88 to close at S$77.50 on Wednesday. $DFI Retail(D01.SI)$: The group is set to take over the Starbucks business in Asia from Maxim’s Caterers, it said on Wednesday. DFI indirectly holds a 50 per cent stake in Maxim
SG Morning Call | Singapore Power Rates to Fall From Record After Fuel Price Drop

SG Morning Call | Singapore Stocks Open Higher; Singapore To Allocate S$1.45B To Asset Managers To Boost Equity Market

Market Snapshot Singapore stocks opened higher on Wednesday. STI rose 0.2%; AJBU rose 0.95%; M44U rose 0.92%; G13 rose 0.81%; U11 rose 0.4%. Stocks in Focus $Accrelist Ltd(QZG.SI)$: The Catalist-listed medical aesthetics and technology group, on Tuesday defended its proposed RM30 million (S$9.5 million) divestment of its stake in Malaysia-listed MClean Technologies. This followed queries from the Singapore Exchange over the transaction’s mechanics, pricing and the identities of the buyers. Accrelist shares fell 4.5 per cent to close S$0.008 lower at S$0.171 on Tuesday, before the news. $UMS(558.SI)$: The company called for its trading halt to be lifted after it announced a Malaysia placement of 59.4 m
SG Morning Call | Singapore Stocks Open Higher; Singapore To Allocate S$1.45B To Asset Managers To Boost Equity Market

SG Morning Call | Singapore Stocks Open Higher; Singapore Factory Output Jumps 15.4% In August, Misses Forecasts Despite AI-Driven Chip Demand

Market Snapshot Singapore stocks opened higher on Wednesday. STI rose 0.1%; S58 rose 0.8%; C6L rose 0.7%; U11 rose 0.5%. Stocks in Focus $Mapletree Ind Tr(ME8U.SI)$: The trust is set to sell a data centre property in the US for about US$9.8 million in cash after current tenant DataBank Properties gave notice of its intention to exercise an option to purchase the building. Net proceeds from the sale may be used to pare down debts and/or fund working capital requirements, its manager said on Tuesday. Units of Mapletree Industrial Trust rose 0.5 per cent or S$0.01 to close at S$1.87 on Monday. $UMS(558.SI)$: called for a trading halt on Tuesday morning, pending the release of an announcement. Shares of
SG Morning Call | Singapore Stocks Open Higher; Singapore Factory Output Jumps 15.4% In August, Misses Forecasts Despite AI-Driven Chip Demand

SG Morning Call | Singapore Stocks Open Higher; Diesel Price Spikes Fuel Concerns Over Higher Business Costs, Consumer Prices

Market Snapshot Singapore stocks opened Higher on Monday. STI rose 0.2%; U11 rose 1.3%; O39 rose 0.8%; G13 rose 0.8% Stocks in Focus $Centurion(OU8.SI)$: The group has entered into a sale and purchase agreement to acquire Yan Woo Building in North Point, Hong Kong, for HK$364 million (US$46.4 million), it announced on Friday. Shares of Centurion ended flat at S$1.48 on Friday, before the announcement. $Oiltek(HQU.SI)$: The company on Monday said it had submitted an application for its proposed secondary listing on the Bursa Malaysia on Sep 25. The final structure, size and issue/offer price of the proposed offering will be determined at a later date, it noted, and will be announced in due course. The
SG Morning Call | Singapore Stocks Open Higher; Diesel Price Spikes Fuel Concerns Over Higher Business Costs, Consumer Prices

SGX Weekly Review | STI Rises 1%; YZJ Maritime Jumps 5%; Keppel Rallies 3%; SIA, OCBC, UOB Gain 2%; DBS Climbs 1%

Singapore stocks ended higher on Friday (Sep 25), led by gains across the three local banks. For the week, the STI gained 1 per cent. In terms of individual stocks, YZJ Maritime rose 5.1%; ST Engineering rose 4.2%; SIA Engineering rose 2.6%; Keppel rose 2.5%; SIA rose 2.2%; OCBC rose 2%; UOB rose 1.9%; DBS rose 1.5%; Singtel fell 1.6%. Market News Singapore Inflation Up for Third Month to Highest Since 2024 Singapore inflation accelerated for a third month in a row to the highest in almost two years, pushing prices closer to the upper end of the central bank’s forecast range. Core inflation, which excludes housing and private transportation costs, accelerated in August to 2.2% from a year earlier, the Singapore Department of Statistics said on Wednesday. That’s the highest since September
SGX Weekly Review | STI Rises 1%; YZJ Maritime Jumps 5%; Keppel Rallies 3%; SIA, OCBC, UOB Gain 2%; DBS Climbs 1%

SG Morning Call | Singapore Stocks Open Nearly Flat, STI Edges Up, UMS Gains 1.8%

Market Snapshot Singapore stocks opened nearly flat on Friday, with the STI edging higher. UMS gained 1.8%, OCBC Bank rose 0.6%, UOL fell 0.8%, and JMH USD dropped 0.4%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Friday (Sep 25): Far East Orchard : The developer on Thursday said that Borough High Street Development, its UK joint venture, is set to buy a London property for £60 million (US$79.3 million). The site, known as King’s Place, will be developed into a 444-bed purpose built student accommodation and a separate eight-unit key worker accommodation block. Shares of Far East Orchard closed flat at S$1.06 on Thursday, before the news. CSE Global : The systems integrator said on Thursday that it has secured two electrificat
SG Morning Call | Singapore Stocks Open Nearly Flat, STI Edges Up, UMS Gains 1.8%

SG Morning Call | STI Open Flat; UMS Rises 1.5% in Early Trading, AEM SGD Falls Over 2%, UOL Drops More Than 1%

Market Snapshot On Thursday, September 24, Singapore stocks opened nearly flat. UMS rose 1.5% in early trading, Kep Infra Tr gained 1%, AEM SGD fell 2.4%, UOL dropped over 1%, JMH USD declined 0.7%, while Singtel, OCBC Bank and DBS edged lower. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Thursday (Sep 24): Keppel Real Estate Investment Trust (Reit) : The manager of the trust on Wednesday said that it has entered an agreement to sell T Tower – a freehold Grade A office building in Seoul – to a real estate fund based in South Korea, valued at 348.8 billion won (US$255.8 million). This price represents a 37.2 per cent premium to the property’s purchase price upon acquisition in April 2019, and a 7.4 per cent premium to its valuat
SG Morning Call | STI Open Flat; UMS Rises 1.5% in Early Trading, AEM SGD Falls Over 2%, UOL Drops More Than 1%

SG Morning Call | STI Falls About 0.5% in Early Trading; AEM SGD, UMS Gain Over 1%, OCBC Bank Drops More Than 1%

Market Snapshot Singapore's STI index fell rapidly by about 0.5% in early trading on Wednesday. $AEM SGD(AWX.SI)$ and $UMS(558.SI)$ rose more than 1%, while UOL gained 0.9%; on the other hand, OCBC Bank dropped more than 1%, DBS fell 0.75%, and JMH USD declined 0.5%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 23): SIA Engineering : Singapore Aero Engine Services Private Limited (SAESL), a joint venture between SIA Engineering and Rolls Royce, will offer 30 work-study diploma placements in 2027 to Institute of Technical Education, Republic Polytechnic and Temasek Polytechnic students. Additionally, a SAESL collaboration
SG Morning Call | STI Falls About 0.5% in Early Trading; AEM SGD, UMS Gain Over 1%, OCBC Bank Drops More Than 1%

SG Morning Call | Singapore STI Opens Slightly Lower Tuesday; AEM SGD Surges Over 6%

Market Snapshot Singapore's STI opened slightly lower on Tuesday. AEM SGD surged more than 6%, UMS gained 1.8%, and DBS rose 0.2%. On the downside, JMH USD fell 0.9%, while Singtel, OCBC Bank, and UOL posted modest declines. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 22): Mapletree Logistics Trust (MLT) : Its manager on Monday said Mapletree Northwest Logistics Park (Phase 1 and 2) in Shanghai, China, will be sold for 323 million yuan (US$48.2 million), to an unrelated third party. The property has a combined gross floor area of about 37,558 square metres. MLT’s manager said its sale price is in line with its valuation price of 323 million yuan as at Mar 31. The proposed divestment is expected to be completed by
SG Morning Call | Singapore STI Opens Slightly Lower Tuesday; AEM SGD Surges Over 6%

SG Morning Call | STI Opens Flat; AEM SGD Surges Nearly 5%, UMS Up Over 1% in Early Trade

Market Snapshot On Monday, Singapore's STI opened flat. $AEM SGD(AWX.SI)$ surged nearly 5% in early trade, while UMS gained over 1%. DBS, OCBC Bank and UOL edged higher, whereas JMH USD fell over 0.5% and Singtel slipped 0.2%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Monday (Sep 21): Suntec Reit : The real estate investment trust (Reit) will focus on the growth of its Singapore assets while reducing its overseas exposure, starting with Australia. The Reit’s manager on Monday said it intends to sell three properties in Australia, located at 177 Pacific Highway, 21 Harris Street and 477 Collins Street. This follows a strategic review of its portfolio after the change of its s
SG Morning Call | STI Opens Flat; AEM SGD Surges Nearly 5%, UMS Up Over 1% in Early Trade

SGX Weekly Review | STI Falls for Second Consecutive Week; Bumitama Agri Soars Over 21%, First Resources Up More Than 17%; CPIB Hauls Multi-Chem CEO, COO

This week, Singapore stocks continued to pull back, with the STI posting a weekly decline of 0.7%. Among individual stocks, $Bumitama Agri(P8Z.SI)$ surged more than 21% for the week, while $First Resources(EB5.SI)$ gained over 17%. On the downside, $IHH(Q0F.SI)$ plunged more than 11%, and $DFIRG USD(D01.SI)$ fell 10.86%. In addition, $YZJ Shipbldg SGD(BS6.SI)$ rose 3.82% for the week, $ST Engineering(S63.SI)$ added 1.86%, and $UOB(U11.SI)$ gained 1.26%.
SGX Weekly Review | STI Falls for Second Consecutive Week; Bumitama Agri Soars Over 21%, First Resources Up More Than 17%; CPIB Hauls Multi-Chem CEO, COO

SG Morning Call | STI Falls 0.3%; ST Engineering up over 4%; CityDev, YZJ Maritime, Frencken, PC Partner, AEM SGD up over 2%

Market Snapshot Singapore stocks opened lower on Friday. STI fell 0.3%; ST Engineering up over 4%; CityDev, YZJ Maritime, Frencken, PC Partner, AEM SGD up over 2%. Stocks in Focus $Banyan Group(B58.SI)$: The hospitality firm announced on Thursday a strategic partnership with Newmark Hotels & Reserves, a Cape Town-headquartered hospitality management company, and the acquisition of a majority stake in Newmark under a phased ownership structure leading to full ownership over time. Newmark has a managed portfolio of 26 hotels, lodges and reserves across seven countries. Shares of Banyan Group ended flat at S$0.495 on Thursday. $Multi-Chem(AWZ.SI)$: The mainboard-listed IT distribution firm announced
SG Morning Call | STI Falls 0.3%; ST Engineering up over 4%; CityDev, YZJ Maritime, Frencken, PC Partner, AEM SGD up over 2%

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