SG Morning Call | Singapore Stocks Open Flat. IHH up over 4%; YZJ Fin Hldg, Riverstone, ThaiBev up over 1%; Yanlord Land, AvePoint Down over 1%; Top Glove Down over 2%-To The Moon - Tiger Brokers Online Investing Community

SG Morning Call | Singapore Stocks Open Flat. IHH up over 4%; YZJ Fin Hldg, Riverstone, ThaiBev up over 1%; Yanlord Land, AvePoint Down over 1%; Top Glove Down over 2%

TigerNews SG09:04

Market Snapshot

Singapore stocks opened flat on Tuesday. IHH up over 4%; YZJ Fin Hldg, Riverstone, ThaiBev up over 1%; Yanlord Land, AvePoint down over 1%; Top Glove down over 2%.

Stocks in Focus

CapitaLand Investment (CLI): Bursa-listed CapitaLand Malaysia Trust (CLMT) has agreed to buy five high-specification industrial facilities in the Johor-Singapore Special Economic Zone for RM220.8 million (S$69.2 million), said CLI on Monday. The acquisition supports CLMT’s strategy to expand its industrial and logistics portfolio with high-quality assets in an established location, said the chief executive of CapitaLand Malaysia Reit Management, a wholly owned subsidiary of CLI that manages CLMT. CLI shares closed 0.7 per cent or S$0.02 down at S$2.67, before the news.

Ever Glory United: The Catalist-listed engineering services provider will transfer to the mainboard of the Singapore Exchange on Dec 29, as the proposed move received shareholder approval at the company’s extraordinary general meeting on Monday. The company said on Monday that trading in its shares on the mainboard will commence at 9 am on Dec 29. The counter closed 1.4 per cent or S$0.01 higher at S$0.73, before the news.

SG Local News

Creditors of Autobahn Rent A Car, Shariot Group Claim S$38 Million More, Contrary to Group’s Own Estimates

A group of 18 related automotive companies – including Autobahn Rent A Car and car-sharing service Shariot – may owe its creditors around S$38 million more than initially projected.

This is according to updated claims by the group’s creditors in court documents dated Dec 12.

According to an affidavit dated Nov 28 by Sanjay Kumar Rai, a director of Autobahn Rent A Car and representing the group, the group owes more than S$300 million to over 40 creditors.

These include Singapore’s major banks DBS, OCBC and UOB; automotive financing companies; and car distributors.

Superbank, Merdeka Gold and Prajogo-Linked IPOs Jolt Indonesia’S Equity Market Back to Life

A rush of heavyweight initial public offerings (IPOs) in the second half of 2025, led by the likes of SuperBank and Merdeka Gold Resources, could help Indonesia’s equities shake off a year of volatility and get back in the game.

The deals could help revive liquidity and restore risk appetite – a tantalising prospect in a market where retail investors account for more than half of trading.

Analysts expect the listings of big groups, strongly favoured by retail investors, to remain a key driver of market optimism despite lingering macro and political uncertainties.

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.