Market Snapshot
Singapore stocks opened higher on day. STI rose 0.48%; Keppel Reit, Golden Agri-Res up around 2%; iFast, Kep Infra Tr, DBS up about 1%; First Reit down about 2%.
Stocks in Focus
Cordlife: The cord blood bank said on Monday it had submitted its response to the Ministry of Health within the 14 days extension granted to the group to reply to the ministry’s plan to suspend the company’s cord-blood banking services for a year. Cordlife had initially said it would have to assess its ability to continue operations. Shares of Cordlife ended Monday unchanged at S$0.148.
Seatrium: The group on Tuesday said that it has clinched S$170 million worth of new repair and upgrade contracts, comprising major cruise, leisure and naval vessel projects. The works for the projects are set to be completed by the first quarter of 2026. The counter ended Monday at S$2.20, up by 0.9 per cent or S$0.20.
First Real Estate Investment Trust (Reit): The manager of the Reit announced on Monday that it has extended the lease of Siloam Hospitals Lippo Cikarang (SHLC) on a short-term basis of six months. The lease extension prolongs SHLC’s tenancy beyond the current expiry date of Dec 30, 2025, to Jun 30 next year, unless the property is divested beforehand. The pro-rated rent for the extension period is at S$2.3 million, based on an annual rent of S$4.5 million. Units of First Reit ended Monday unchanged at S$0.285, before the news.
CapitaLand Integrated Commercial Trust (CICT): The trust reported on Tuesday a 1.6 per cent higher net property income (NPI) of S$294.4 million for the third quarter ended September 2025. Revenue increased by 1.5 per cent to S$403.9 million, boosted by the trust’s acquisition of CapitaSpring office in August this year, plus the progressive handover of its office property in Germany, Gallileo, to its anchor tenant, the European Central Bank. Units in CICT closed Monday S$0.01 or 0.4 per cent up at $2.41.
Keppel Infrastructure Trust (KIT): The manager of KIT on Tuesday (Oct 28) posted a distributable income of S$168.9 million for its first nine months of 2025, up 59.2 per cent from S$106.1 million in the year-ago period. This was attributed to higher contributions from City Energy, Ixom and Ventura, and boosted by divestment gains of S$49 million. Units of the trust closed Monday unchanged at S$0.46.
$Keppel Pacific Oak US Reit(CMOU.SI0$: The US office-focused real estate investment trust (Reit) posted a distributable income of US$30.4 million for the third quarter of the financial year ended Sep 30, down 14.8 per cent from US$35.7 million in the previous corresponding period. The lower distributable income was due to a drop in cash rental income from higher free rents and higher finance and other trust expenses, said its manager in a business update on Tuesday. Its units ended 2.2 per cent or US$0.005 higher at US$0.230 on Monday.
SG Local News
RCEP Members Must Strengthen, Expand and Improve Trade Pact to Stay Relevant: PM Wong
The Regional Comprehensive Economic Partnership (RCEP) can realise its full potential only if member countries fully implement, expand and continually improve the trade pact, said Prime Minister Lawrence Wong on Monday (Oct 27).
This is especially important as the global environment has changed considerably since the pact entered into force in 2022, placing pressure on the multilateral rules-based trading system, he added.
Shophouse Sales Rebound in Q3 as Investor Interest Returns with Lower Financing Costs
Activity in the shophouse market rebounded in the third quarter of 2025, with both the number and value of recorded deals rising amid a lower interest-rate environment, a PropNex report showed.
Shophouse sales in Singapore rose to 27 caveated deals in Q3, compared with 18 in the previous quarter – marking the highest quarterly sales in about two years, said PropNex in a market update on Monday (Oct 27).
Singapore’s GIC seeks to sell US$1 billion of stakes in PE funds
Singapore sovereign wealth fund GIC is looking to offload some of its private equity fund stakes, continuing to utilise the booming secondaries market to manage its portfolio.
The state-run firm initiated a process to sell holdings with a net asset value of at least US$1 billion, according to people familiar with the matter. The divestment may include as many as than 30 funds from global private equity managers, including Blackstone, Apollo Global Management and TDR Capital, one of the people said. Their average vintage is around 2016 with US$100 million of assets, the person added. Evercore is advising GIC on the deal, the people said.
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