Singapore shares rose this week, with the STI up 0.2%.
In terms of individual stocks, Airports of Thailand NVDR rose 21%, DFIRG USD rose 19%, Bukit Sembawang rose 12%; while Bumitama Agri fell 11%, NIO Inc. USD OV fell 8%, and Wilmar Intl fell 6%.
Market News
Nio Posts Strong Nov Deliveries of 36,275 Units Despite Sequential Decline
NIO Inc. maintained robust delivery volumes last month despite a month-on-month decline, as its sub-brand Onvo saw a sequential drop.
The company delivered 36,275 vehicles in November, its second-highest monthly total on record behind October's 40,397 units, according to data released today.
This represents a 76.31 percent increase from the 20,575 units delivered in the same month last year, but a 10.20 percent decrease compared to October.
Wilmar’s China Subsidiary Lodges Appeal over Contract Fraud Case
A subsidiary of Wilmar Intl has lodged an appeal in a Chinese court, after it was found guilty of contract fraud and ordered to bear losses amounting to 1.88 billion yuan (S$345.6 million).
Yihai (Guangzhou) Oils & Grains Industries Co (Guangzhou Yihai) submitted a written appeal to the Anhui Provincial Higher People’s Court, Shenzhen-listed Yihai Kerry Arawana (YKA) said on Friday (Nov 28). Guangzhou Yihai is a subsidiary of YKA, which is 89.99 per cent owned by Wilmar.
UltraGreen.ai’s 5.9 Million Share Public Offer 4.5 Times Subscribed
The public tranche of the Singapore initial public offering (IPO) of medical imaging and surgery technology firm ULTRAGREEN AI USD notched a subscription rate of 4.5 times, with more than a thousand valid applications for some 26.5 million shares.
Its Singapore public offer received about S$50.2 million in application monies, Ultragreen.ai said in a balloting announcement posted on the local bourse on Tuesday (Dec 2).
DFI Retail Group Hikes Dividend Payout Ratio to 70% in Three-Year Plan
DFIRG USD has unveiled a three-year strategic roadmap targeting double-digit profit growth and a higher dividend payout, as the supermarket and retail store operator moves to leverage its scale and digital capabilities.
In an investor day presentation on Dec 3, 2025, the group outlined a plan to increase underlying profit at a compound annual growth rate of 11 to 15 per cent between 2025 and 2028. This means recording an underlying profit of US$310 million to US$350 million by 2028.
Alongside its earnings targets, DFI announced a new dividend policy, raising its payout ratio to 70 per cent, effective from the final dividend of 2025. This is an increase from the previous guidance of a 60 per cent payout.
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