SGX Weekly Review | STI Rises 1.6%; Yangzijiang Shipbuilding Surges 9%; OCBC and Seatrium Jump 3%; DBS Gains 2%

Singapore stocks rose this week, with the STI up 1.6%, which saw the index crossing the 5,000 mark on Thursday.

In terms of individual stocks, $Yangzijiang Shipbuilding(BS6.SI)$ rose 8.8%; $OCBC(O39.SI)$ and $Seatrium(5E2.SI)$ rose 2.9%; $Singtel(Z74.SI)$ rose 2.7%; $Keppel(BN4.SI)$ rose 2.5%; $ST Engineering(S63.SI)$ rose 1.7%; $DBS(D05.SI)$ rose 1.6%; $Sembcorp(U96.SI)$ rose 1.3%; $SIA(C6L.SI)$ fell 0.9%; $SGX(S68.SI)$ fell 1.3%;

Market News

Singapore Home Sales See Slower Start to Year on Buyer Caution

Singapore’s new home sales got off to a slow start to the year after a couple of projects drew mixed responses from cautious buyers.

Developers sold 466 private units in January, according to figures released Monday by the Urban Redevelopment Authority. That’s less than half of the 1,083 units sold in the same month last year.

A housing boom in the city-state has shown signs of calming in recent months. Still, developers are expecting local buyers and wealthy immigrants to continue buoying sales, and recent gains in their stock prices signal investors share that optimism.

UOBKH Forecasts STI 5,400 as $3B 'Reboot' Hits Market

Singapore’s 2026 Budget is expected to benefit the country’s financial sector and support enterprise competitiveness, analysts said.

The government will inject $1.5 b into the Financial Sector Development Fund and launch a second b$1.5 b tranche of the Anchor Fund to support fund-raising by high-growth enterprises and attract quality public listings, according to UOB Global Economics and Markets Research’s latest analysis.

Singapore’s Key Exports up 9.3% in January, Fuelled by Electronics Shipments on Strong AI Demand

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 intelligence (AI)-related demand and a low base, showed data from Enterprise Singapore (EnterpriseSG) on Monday (Feb 16).

January’s expansion extends December’s 6.1 per cent growth, even as it fell short of economists’ expectations. Private-sector economists had projected a 12.5 per cent year-on-year increase for non-oil domestic exports (NODX), according to a Bloomberg poll.

Electronics exports grew in January, but non-electronics exports declined.

Sea and Google Ink Partnership to Develop AI-Powered Tools

$Sea(SE)$ and Google inked a partnership on Thursday (Feb 19) to develop artificial intelligence (AI) tools for gaming, e-commerce and payments.

“This partnership with Google on AI will drive innovation in the business application of the technology at scale, and enable us to make AI more accessible to the digitally underserved in our markets,” said Forrest Li, chairman and CEO of Sea.

The partnership will look into equipping all three of Sea’s business units – Garena, Shopee and Monee – with AI-powered tools.

SIA Engineering Q3 Net Profit Rises 9.7% to S$41.9 Million on Steady MRO Demand

Aircraft maintenance provider $SIA Engineering Company(S59.SI)$ (SIAEC) reported a net profit of S$41.9 million for the third quarter ended Dec 31, 2025, up 9.7 per cent from S$38.2 million in the year-ago period.

SIAEC said in a bourse filing on Thursday (Feb 19) that its revenue for Q3 FY2026 had risen 8.7 per cent from S$324.8 million in the same period last year, to reach S$353.1 million.

The group said its expenditure rose “at a lower rate” by 8.4 per cent to S$347.1 million, citing higher costs for manpower, subcontract services, materials and information technology system implementation, as well as startup costs at two new subsidiaries.

Yangzijiang Maritime to Hold EGM on Mar 6 on Proposed Share Buyback

Maritime financial solutions provider $Yangzijiang (YZJ) Maritime(8YZ.SI)$ will hold an extraordinary general meeting (EGM) on Mar 6 to seek shareholders’ approval on the proposed adoption of a share buyback mandate.

The in-person EGM will be held at Capital Tower, along Robinson Road, at 2.30pm, the company announced in a bourse listing on Wednesday (Feb 18).

First announced in January this year, the proposed share buyback will see the mainboard-listed company purchase up to 10 per cent of its total issued shares, if approved by shareholders. This amounts to about 348.9 million of its 3.5 billion issued shares at the last practicable date.