Market Snapshot
Singapore stocks opened higher on Tuesday. STI up 0.18%; TJ DaRenTang, First Resources up 3%; YZJ Maritime, OCBC Bank, Sembcorp up around 1%.
Stocks in Focus
$OUE Limited(LJ3.SI)$: The company expects “material variances” between its unaudited interim financial statements for the financial year ended December 2025, released on Feb 27, and its audited financial statements, which will be released in due course. This comes as its share of losses from equity-accounted investees, as reported in the unaudited financial statements, is expected to be reduced by around S$58 million, the group said on Monday. The counter closed on Monday 2.7 per cent or S$0.03 lower at S$1.08, before the news.
SG Local News
Medical cost inflation in Singapore set to hit record 16.9%; insurers’ body urges collective action
With medical cost inflation in Singapore projected to hit a record high of 16.9 per cent in 2026, the Life Insurance Association Singapore (LIA) called for collective action to tackle issues such as overconsumption of healthcare services, and to contain rising treatment costs.
This means collaboration is needed between insurers, healthcare professionals and providers, consumers and the authorities.
For a start, all seven Integrated Shield Plan (IP) insurers have to launch new riders by April 1 to meet the Ministry of Health’s (MOH) new requirements.
Singapore investors buy the dip, bucking global gold sell-off: OCBC, bullion dealers
While gold’s safe-haven role broadly gave way to a scramble for cash amid the escalating Middle East conflict, opportunistic buyers in Singapore are bucking the trend.
Rather than fleeing the market, investors in the city-state are using the recent price correction as a strategic entry point.
OCBC told The Business Times that it recorded a 60 per cent increase in gold transactions during the four weeks after the outbreak of the US-Israel-Iran war on Feb 28, compared with the four weeks prior.
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