SG Morning Call | STI Falls 0.18%; AEM SGD Down 4%; UMS Down 2%; SIA up 0.7%; Frasers Property, Thomson Medical up Around 2%

Market Snapshot

Singapore stocks opened lower on Friday. STI fell 0.18%; AEM SGD down 4%; UMS down 2%; SIA up 0.7%; Frasers Property, Thomson Medical up around 2%.

Stocks in Focus

$MoneyMax(5WJ.SI)$: A wholly owned subsidiary of the pawnbroker and gold retailer has priced RM200 million (S$62.7 million) in three-year fixed-rate notes at 5.7 per cent. They were issued on Thursday and will mature on Jun 25, 2029, a bourse filing stated on Thursday. The issue is part of the company’s RM500 million medium-term note programme. Shares of MoneyMax ended at S$0.775 on Thursday, down 2.5 per cent or S$0.02, before the announcement.

$Del Monte Pacific(D03.SI)$: The canned-food brand on Thursday reported a 76.9 per cent decrease in net profit to US$10.1 million for the fourth quarter ended Apr 30, from US$43.7 million the previous quarter. The results reflected a massive US$703.5 million impairment recognised in FY2025, which was tied to its US unit, Del Monte Food Holdings, that filed for Chapter 11 bankruptcy in June 2025. Shares of Del Monte Pacific closed flat at S$0.083 on Thursday, prior to the announcement.

$JustCo(JCO.SI)$: The co-working company on Thursday said it will open a new co-working centre in Singapore’s Central Business District (CBD). This will be the second location of the boring office, one of the company’s portfolio brands, and the first in the CBD. It will occupy the ninth level of The Octagon. The counter ended Thursday 1 per cent or S$0.005 higher at S$0.525, before the news.

SG Local News

Singapore to introduce new corporate structure for insurance, speed up approval of new fund types: DPM Gan

ingapore will introduce a new corporate structure for the insurance sector called the protected cell company (PCC), and speed up approvals for new categories of investment funds, in fresh measures to bolster the financial sector.

Deputy Prime Minister Gan Kim Yong, who is also minister for trade and industry, announced these initiatives at the annual dinner of the Association of Banks in Singapore (ABS) on Thursday (Jun 25).

He described them as part of the Republic’s push to build “trusted market infrastructure for Asia’s next phase of growth and development”.