SG Morning Call｜Singapore Stocks Opened Flat; Sanli Env, UOL And ManulifeReit Up 1%; Nio Down 6%; Seatrium Down 1%

Market Snapshot

Singapore stocks opened flat on Tuesday. STI up 0.06%; Sanli Env, UOL and ManulifeReit up 1%; Nio down 6%; Seatrium down 1%.

Stocks in Focus

UOB : The bank announced on Tuesday announced on Tuesday that it has priced £750 million (S$1.3 billion) floating rate covered bonds due June 2029. The issue date of the covered bonds is expected to be Dec 8, 2025. Shares of UOB closed S$0.18 or 0.5 per cent higher at S$34.16 before the announcement.

Nio : The Chinese electric-vehicle giant on Monday announced that it delivered 36,275 vehicles in November 2025, up of 76.3 per cent year on year. The group’s cumulative deliveries hit 949,457 as at Nov 30 this year. Shares of Nio closed down 0.2 per cent or US$0.01 at US$5.57 before the news.

Sanli Environmental : The Catalist-listed environmental engineering group announced on Monday that it raised gross proceeds of some S$10 million in its placement of nearly 38.5 million fully paid-up ordinary shares at an issue price of S$0.26 apiece. The group’s order book has reached a fresh high of S$781.5 million. The counter closed Monday at S$0.29, down S$0.005 or 1.7 per cent, before the announcement.

SG Local News

Prime retail rents of Tier 1 malls to climb 1.5 to 2.5% in 2026

Prime retail rents at Tier 1 malls are expected to climb in 2026, spurred by strong demand from international retailers that are expanding presence in the city-state.

In Orchard and Suburban, in particular, prime retail rents are expected to grow by 1.5 to 2.5% in 2026, faster than the 1% to 2% expected in other city areas during the same year, Cushman & Wakefield said in its Singapore Market Outlook.

Genting Malaysia to Stay Listed After Privatization Bid Flops

Genting Malaysia Bhd. will remain listed after Genting Bhd. said it secured a 73.13% stake in its offer to take its Malaysian unit private.

Gaming giant Genting had offered 2.35 ringgit per share for the remaining 50.64% interest in Genting Malaysia that it did not already own. The offer represented a 9.8% premium to the Malaysian unit’s price before the takeover bid.