Market Snapshot
Singapore stocks open mixed on Tuesday; $OCBC Bank(O39.SI)$ gains 1.8%, $Kep Infra Tr(A7RU.SI)$ and $UOL(U14.SI)$ rise nearly 1%; JMH USD falls nearly 1%, Singtel slips about 0.5%.
Stocks in Focus
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 11):
$UOB Kay Hian(U10.SI)$: The brokerage on Friday posted a 66 per cent surge in net profit to S$164.7 million for the first half of FY2026 ended June, driven by higher trading volume and revenue growth. Revenue rose 41.8 per cent to S$481.1 million, and interest income grew 19.9 per cent to S$137.3 million. Earnings per share stood at S$0.1686 for the half year. The counter ended at S$4.14, down 0.7 per cent or S$0.03, before the news.
$ST Engineering(S63.SI)$: The company on Friday announced that it secured S$2.9 billion in new contracts in the second quarter of 2026. These comprise S$1.2 billion from the commercial aerospace segment, S$1.2 billion from the defence and public security segment and S$500 million from the urban solutions and satcom segment. Singapore’s High Court on Friday rejected a bid to bring an ST Engineering unit into a trademark infringement suit over air force aircraft parts. Shares of ST Engineering rose 0.7 per cent to close S$0.07 higher at S$10.32 before the announcements.
$NetLink NBN Tr(CJLU.SI)$: The trustee-manager on Friday posted a 22.4 per cent fall in NetLink NBN Trust’s Q1 FY2027 earnings to S$18.1 million. Profit after tax fell due to higher depreciation arising from a larger asset base, and group revenue dropped 1.4 per cent to S$101.3 million, mainly due to lower non-regulated assets base revenue. Units of NetLink NBN Trust remained unchanged at S$1.01 before the results were released.
$Ho Bee Land(H13.SI)$: The property developer on Friday posted a 3 per cent rise in net profit to S$51.1 million for its first half-year, as revenue for the H1 grew 30 per cent to S$230.5 million. The rise came mainly from higher settlements for its Australian projects and increased sale recognition from the condominium Turquoise in Sentosa Cove. Earnings per share stood at S$0.077 for H1, up from S$0.075 in the preceding year. Shares of Ho Bee Land closed S$0.03 or 1.5 per cent higher at S$2.04 before the announcement.
$F & N(F99.SI)$: The beverage maker reported a 10.4 per cent rise in net profit before exceptional items to S$130.6 million for the nine months ended Jun 30. The improved earnings are supported by higher profitability and stronger contributions from its associate Vinamilk. Revenue for the nine months fell 6 per cent to S$1.7 billion from S$1.8 billion, affected by foreign exchange translation headwinds and geopolitical disruptions affecting cross-border trade in Thailand. The counter closed flat at S$1.44 on Friday, before the news.
$CONCORD NE(SEG.SI)$: The dual-listed renewable energy company on Monday said it expects to report a first-half net profit between 90 million yuan (US$13.3 million) and 100 million yuan. This is compared with 292 million yuan for the corresponding period the year before. The 66 to 69 per cent fall in power generation comes after “the dual impacts of grid absorption constraints and climate fluctuations”. The counter fell 6.8 per cent to close S$0.004 lower at S$0.055 on Friday.
SG Local News
Singapore raises 2026 growth forecast to 4.5-5.5%; Q2 growth revised up to 5.9%
The government has upgraded its 2026 economic growth forecast for Singapore to a range of 4.5 to 5.5 per cent – up from the previous forecast of 2 to 4 per cent – as an accelerating global boom in artificial intelligence investment lifts the trade-reliant economy’s prospects for the rest of the year.
The revision, announced by the Ministry of Trade and Industry (MTI) on Tuesday (Aug 11) morning, comes on the back of a better-than-expected first half of 2026, during which the economy expanded 6.1 per cent year on year.
In the second quarter alone, gross domestic product grew 5.9 per cent from a year earlier, easing slightly from the 6.3 per cent pace notched in the first quarter – but still comfortably ahead of the growth path the ministry had pencilled in earlier this year.
Singapore upgrades 2026 key exports growth forecast to 14-16% on electronics-led H1 outperformance
Enterprise Singapore (EnterpriseSG) has significantly raised the Republic’s non-oil domestic exports (NODX) forecast for 2026 to 14 to 16 per cent, from 3 to 5 per cent previously.
This upgrade was primarily underpinned by the better-than-expected NODX performance in the first half of the year, the agency said in its quarterly trade review on Tuesday (Aug 11) morning, noting that key exports grew by 18.6 per cent on the year in H1, the strongest first-half performance since 2010.
“NODX growth is expected to remain supported in H2 2026, though likely to moderate due to high-base effects,” it added.
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