SGX Weekly Review | AEM Surges 21%; First Resources Jumps 13%; SMIC HK SDR, Boustead Gain 10%; CATL HK SDR Falls 12%

TigerNews SG15:00

Singapore stocks fell this week, with the STI down 0.21%.

In terms of individual stocks, AEM SGD up 21%; First Resources up 13%; SMIC HK SDR 5to1, Boustead up 10%; CATL HK SDR 30to1 fell 12%; Xiaomi HK SDR 2to1 fell 6%.

Market News

Boustead Unit Secures over S$400 Million Contract to Build Office Complex

Boustead’s engineering and construction business has been awarded a contract worth more than S$400 million by a public-sector client to construct an office complex in Singapore.

This brings the order backlog of the group’s real estate solutions division to S$837 million, and that of its engineering segment to S$1 billion, said Boustead in a bourse filing on Friday (Apr 24).

Boustead Projects E&C falls under the group’s real estate solutions division. The latest contract – Boustead’s largest project to date in terms of value – will span three years.

MPACT Q4 DPU Falls 2.6% to S$0.019 Amid Overseas Headwinds

The manager of Mapletree Pan Asia Commercial Trust (MPACT) on Tuesday (Apr 28) reported a 2.6 per cent fall in distribution per unit (DPU) to S$0.019 for the fourth quarter ended March 2026, from S$0.0195 in the same year-ago period.

It will be distributed on Jun 17, 2026.

Revenue for the period was down 5.5 per cent at S$210.7 million from S$222.9 million in the year prior, on account of lower overseas contributions. Net property income declined 5.9 per cent year on year to S$159.6 million, from S$169.5 million.

Hong Leong Asia Offers 50 Mil New Shares at $2.90 Each

Conglomerate Hong Leong Asia (HLA) is offering 50 million new ordinary shares at a placement price of $2.90, according to a bourse filing on April 29.

The placement price represents a discount of approximately 5.76% to the volume weighted average price of $3.0771 for trades done on the Singapore stock exchange (SGX-ST) on April 27, being the last full market day on which HLA’s shares were traded prior to the trading halt called by the company before trading hours on 28 April 2026 and up to the time of execution of the placement agreement with CGS International Securities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment