Market Snapshot
Singapore stocks opened slightly lower on Tuesday, with the STI down over 0.1%. JMH USD rose more than 1%, while DBS fell about 1%, OCBC Bank dropped 0.8%, AEM SGD declined 2.6%, and UMS fell 2.4%.
Stocks in Focus
The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 3):
Wilmar : The agribusiness company said on Monday that Control Risks Group and Dentons Rodyk & Davidson had been appointed by the National Environment Agency (NEA) to assess Wilmar’s role in Indonesian forest fires and the transboundary haze. It added in a separate filing that it has submitted its first tranche of documents to NEA in response to the agency’s notice seeking information on its links to the haze. Shares of Wilmar ended S$0.06 or 2 per cent lower at S$2.95 before the announcement.
Sats : The airport ground services provider said on Monday that it had identified work pass-related irregularities involving workers employed by some of its contractor companies during a routine internal audit. It has taken immediate action against these companies. It has also enhanced internal verification process controls to ensure that contractor workers are deployed in accordance with the parameters of their respective work passes. The company’s statement comes after the Manpower Ministry said that it was investigating contractors and subcontractors employed by Sats for work pass offences. Shares of Sats ended flat at S$3.66 before the statement.
Parkway Life Reit : The healthcare real estate investment trust’s (Reit) distribution per unit rose 13.4 per cent year on year to S$0.131 for the nine months ended Sep 30, 2026. Distributable income increased 13.4 per cent to S$85.5 million, supported by higher rental receipts from its Singapore hospitals and French nursing homes. This came despite a 1.9 per cent decline in revenue to S$115.1 million, mainly due to yen depreciation and tenant exits at five nursing homes in Japan, the Reit manager said in a business update on Tuesday. Units of the Reit ended S$0.02 or 0.5 per cent higher at S$4 before the announcement.
Yangzijiang Maritime : The maritime investment manager said on Monday that it had placed orders for 11 newbuilds. Four are bulk carriers with deliveries scheduled in 2029 and 2030, while seven are long-range 2 tankers with deliveries scheduled in 2029 and 2030. The additional newbuilds bring the company’s newbuilding portfolio to 111 vessels. The counter closed S$0.015 or 2.5 per cent lower at S$0.575 before the announcement.
SG Local News
Singapore factory growth slows in October as manufacturing PMI dips to 51.4
Singapore’s factory activity expanded for the 15th consecutive month in October, albeit at a slower pace, with economists expecting manufacturing growth to remain resilient on the back of sustained demand for artificial intelligence-related electronics.
The purchasing managers’ index eased 0.3 point from September to 51.4 last month, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) released on Monday (Nov 2) showed.
A reading above 50 indicates expansion, while one below 50 indicates contraction.
Johor-Singapore SEZ draws US$21.8b in approved investments; master plan blueprint set for December
The Johor-Singapore Special Economic Zone (JS-SEZ) has recorded RM88.83 billion (US$21.8 billion) in approved investments under the purview of the Malaysian Investment Development Authority between January 2025 and June 2026.
Of this sum, RM40.3 billion – or about 45 per cent – has been implemented, according to a joint statement issued after the conclusion of the inaugural meeting of the Johor-Singapore Cooperation Ministerial Committee (JSCMC) on Monday (Nov 2).
“The approved projects were associated with 28,755 potential employment opportunities, including 12,796 jobs associated with implemented projects,” the statement said.
MOM probes 45 firms involved in Changi Airport operations for work pass offences
Around 45 companies are being investigated by the Ministry of Manpower (MOM) for suspected work pass offences, including false declarations and illegal deployment of foreign workers.
In a media statement on Nov 2, MOM said it has identified around 270 workers, employed by airport ground services provider SATS’ contractors and its sub-contractors, whose deployment may not have been in compliance with work pass regulations.
During a recent inspection, the ministry said it found Employment Pass holders deployed to perform baggage-handling services.
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