SG Morning Call | STI Falls 0.3%; DBS, ST Engineering, OCBC Bank, UOB Down Within 1%; Singapore's Key Exports up 9.3% in January

Market Snapshot

Singapore stocks opened lower on Monday. STI fell 0.3%; China Aviation, AvePoint, iFast up over 1%; DBS, ST Engineering, OCBC Bank, UOB down within 1%;

Stocks in Focus

$Thai Beverage(Y92.SI)$: The mainboard-listed company on Friday posted a sales revenue for the first quarter ended Dec 31, 2025 of 86.7 billion baht (S$3.5 billion), down 6 per cent from 92.3 billion baht in the same year-ago period. This was on the back of weaker consumer sentiment, said the group. However, its earnings before interest, taxes, depreciation and amortisation was up 1.8 per cent to 16.7 billion baht, from 16.4 billion baht in the corresponding period a year prior. The counter ended Friday flat at S$0.47, before the update.

$Marco Polo Marine(5LY.SI)$: The integrated marine logistics company on Monday posted a revenue of S$32.8 million for its first quarter ended Dec 31, 2025, up 27 per cent from S$25.8 million in the same period a year earlier. This was largely on the back of the group’s ship chartering operations, which saw “significant expansion” after strategic fleet additions that strengthened the group’s position in the offshore wind sector. The counter ended Friday 1.4 per cent or S$0.002 down at S$0.145.

$Lendlease Global Commercial Real Estate Investment Trust(JYEU.SI)$ (Reit): JYEU: The manager of the trust on Friday posted a distribution per unit (DPU) of S$0.0185 for the first half ended Dec 31, 2025 – up 3.1 per cent from S$0.018 in the previous corresponding period. This came on the back of a resilient performance from the Reit’s Singapore malls, a favourable interest-rate environment, and the refinancing of perpetual securities in April 2025 at lower costs of funding. The DPU for H1 was paid out on Dec 18, 2025, and includes an advance distribution of S$0.013305 for period spanning Jul 1 to Nov 13, 2025. Units of Lendlease Reit ended Friday 1.6 per cent or S$0.01 lower at S$0.625, before the release of the results.

$Centurion Corporation(OU8.SI)$: A unit of the real estate player has bought a 65 per cent stake in Manna 777 Properties for S$4.8 million, according to a Friday statement. The deal concerns a plot of freehold land at 7 Kim Chuan Lane, which spans 975.9 square metres. The aim of the broader venture is to develop and operate a purpose-built workers accommodation on the site, said the group. Shares of Centurion ended Friday down 0.7 per cent or S$0.01 at S$1.52 before the news.

$Hotel Properties Limited(H15.SI)$: The Singapore-based hotelier on Friday said it is expected to post a net loss for the financial year ended Dec 31, 2025. The company indicated that finance costs have stayed elevated, mainly due to increased borrowing and the delayed impact of interest rates easing. According to the bourse filing, it also incurred mark-to-market fair value losses on its long-term investments, which weighed on its overall financial performance. Shares of HPL ended Friday 1.4 per cent or S$0.07 lower at S$4.88, prior to the announcement.

$Low Keng Huat(F1E.SI)$: The construction and property developer’s privatisation offer succeeded on Friday, with valid acceptances representing 96.88 per cent of the total shares. The total number of shares owned, controlled or agreed to be acquired by Consistent Record, together with valid acceptances of the offer, amounted to about 715.8 million shares at the 5.30 pm close on Friday, 5.30 pm. The company will be delisted from the Singapore Exchange thereafter. The counter ended Friday 0.7 per cent or S$0.005 higher at S$0.78, before the news.

SG Local News

Singapore’s Key Exports up 9.3% in January, Fuelled by Electronics Shipments

The Republic’s key exports expanded by a slower-than-expected 9.3 per cent year on year in January, driven by electronics shipments due to strong artificial-related (AI) demand and a low base, data from Enterprise Singapore showed on Monday (Feb 16).

January’s expansion extends December’s 6.1 per cent growth. Private-sector economists had projected a 12.5 per cent year-on-year expansion, according to a Bloomberg poll.

Both electronics and non-electronics exports grew in January.

Singapore Must Face Global Shifts with Adaptability, Resilience: PM Wong in Chinese New Year Message

Resilience and adaptability are needed amid global uncertainty, as geopolitical currents shift and technology reshapes lives, said Prime Minister Lawrence Wong in his annual Chinese New Year message on Monday (Feb 16).

This is the Year of the Fire Horse in the Chinese zodiac, which is associated with change and movement, he noted, drawing a parallel with the challenges ahead.

“But the Fire Horse also symbolises resilience and strength of spirit,” he added. “Let us face the year ahead with adaptability and confidence, ready to reimagine what is possible for ourselves and for our country.