$SATS(S58.SI)$ shares fell 2.7% after the airport ground services provider disclosed work pass-related irregularities involving workers employed by some of its contractors, following an internal audit. The company said it had identified the irregularities during a routine internal audit and had taken immediate action against the companies involved. It has also strengthened internal verification controls to ensure contractor workers are deployed in accordance with the conditions of their respective work passes. The disclosure came after Singapore's Ministry of Manpower said it was investigating contractors and subcontractors engaged by SATS over alleged work pass offences. SATS shares had ended unchanged at S$3.66 on Monday, before the company's
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SATS Shares Fall After Ground Services Provider Flags Work Pass Irregularities
SATS Shares Fall After Ground Services Provider Flags Work Pass Irregularities
Singapore Stocks Fall 5.2% in October as Tech Index Plunges 17.3%
Singapore equities underwent a broad market correction in October, with technology stocks bearing the brunt of the sell-off and institutional investors withdrawing a net S$1.55 billion from the market, according to a report published by the Singapore Exchange (SGX) on Monday. The Straits Times Index (STI) recorded a 5.2% decline in total returns, while the iEdge Singapore Next 50 Index fell 6.8%. The FTSE ST All-Share Technology Index plunged 17.3%, making technology the worst-performing sector during the month. The iEdge S-REIT Index proved more resilient, declining 1.4%. Telecommunications stocks also generally experienced smaller losses than many technology counters. The correction came after a strong run in Singapore equities earlier in 2026 and coincided with declines across several m
SG Morning Call | STI Falls Over 0.1%; JMH USD Gains Over 1%, AEM SGD and UMS Drop Over 2%
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
SG Morning Call | STI Falls Over 0.1%; JMH USD Gains Over 1%, AEM SGD and UMS Drop Over 2%
Reminder: Singapore Stocks Will Be Closed on Monday, November 9, 2026 for Deepavali
Deepavali is around the corner. The Singapore market will be closed on Monday, November 9, 2026. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance. Deepavali Deepavali, also known as the Festival of Lights, is an important Hindu festival celebrated in Singapore and around the world. It symbolizes the triumph of light over darkness and good over evil. The festival is marked by prayers, family gatherings, festive meals and the lighting of oil lamps. In Singapore, Little India is traditionally decorated with colorful lights and festive displays to mark the occasion. Deepavali is a public holiday in Singapore. $(STI.SI)$ $SS SPDR STI ETF(ES3.
Reminder: Singapore Stocks Will Be Closed on Monday, November 9, 2026 for Deepavali
SG Morning Call | STI Drops Over 1% in Early Trade; JMH USD, UOL Gain Over 1%, OCBC Bank Sheds More Than 3%
Market Snapshot On Monday, November 2, Singapore stocks opened lower, with the Straits Times Index (STI) down more than 1% in early trading. JMH USD and UOL rose over 1%, while OCBC Bank fell more than 3%. DBS and UMS declined over 2%, and AEM SGD was off 1.7%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Monday (Nov 2): Wilmar : The palm and oil company sold fertilisers and diesel products for heavy equipment to six companies in Indonesia that have been issued notices under Singapore’s haze law, the agribusiness disclosed in a bourse filing on Saturday. The revenue for such sales amounted to 371,289.9 million rupiah (US$22.5 million) for the financial year ended Dec 31, 2025, it said, responding to queries from Singapore Exch
SG Morning Call | STI Drops Over 1% in Early Trade; JMH USD, UOL Gain Over 1%, OCBC Bank Sheds More Than 3%
SGX Weekly Review | STI Falls 0.84%; OCBC Bank Gains 1%; Haze Concerns Weigh on Plantation Stocks as First Resources Slumps Over 10%
Singapore Stocks End Week Lower; STI Drops 0.84% Singapore equities closed the week in negative territory, with the benchmark Straits Times Index (STI) falling 0.84% over the full week. Local Banks Mixed The three local banks posted mixed performances for the week. OCBC Bank gained 1%, while DBS declined 1.76% and UOB slipped 0.53%. Plantation Stocks Slump on Haze Concerns Singapore-listed plantation counters broadly retreated amid haze-related concerns. First Resources tumbled 10.6% for the week, Wilmar International fell 9.88%, Bumitama Agri dropped 6.75%, and Indofood Agri Resources lost 4.41%. Market News Singapore Q3 retrenchments rise to 4,800; resident unemployment edges up to 3%: flash data The number of layoffs rose to 4,800 in the third quarter, from 4,620 in Q2 – with Singapore’
SGX Weekly Review | STI Falls 0.84%; OCBC Bank Gains 1%; Haze Concerns Weigh on Plantation Stocks as First Resources Slumps Over 10%
SG Morning Call | Singapore Stocks Open Higher; Suntec Reit up over 2%; Keppel, Great Eastern, ThaiBev, ESR REIT, Mapletree Log Tr up Around 1%
Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.12%; Suntec Reit up over 2%; Keppel, Great Eastern, ThaiBev, ESR REIT, Mapletree Log Tr up around 1%. Stocks in Focus $CapitaLand Ascendas Real Estate Investment Trust(A17U.SI)$ (Clar): The trust on Thursday recorded higher rental reversion in the third quarter of 2026 amid its drive to reshape its industrial portfolio. Its rental reversion for Q3 came in at 9.9 per cent, up from 5.2 per cent in Q2, and 7.6 per cent the year before. For the first nine months of 2026, rental reversion was 9 per cent. Portfolio occupancy improved slightly, rising to 90.1 per cent as at Sep 30, up from 89.1 per cent in the preceding quarter. But occupancy was still lower than the 91.3 per cent re
SG Morning Call | Singapore Stocks Open Higher; Suntec Reit up over 2%; Keppel, Great Eastern, ThaiBev, ESR REIT, Mapletree Log Tr up Around 1%
SG Morning Call | Singapore Stocks Open Higher; Keppel Stock Jumps 1.88% After Posting 20% Rise in Q3 Net Profit; Keppel Reit, OCBC Bank, Singtel up Around 1%
Market Snapshot Singapore stocks opened higher on Thursday. STI rose 0.22%; Keppel rose 1.88%; Great Eastern, Keppel Reit, OCBC Bank, Singtel up around 1%. Stocks in Focus $Keppel(BN4.SI)$: The asset manager and operator on Thursday reported a 20 per cent increase in its net profit for the third quarter ended Sep 30, 2026. Excluding its non-core portfolio for divestment and discontinued operations, net profit for “New Keppel” – the term the company uses to refer to its continuing core business – increased by close to 15 per cent year on year for the quarter. The increase in New Keppel’s profit was underpinned by stronger performance in its connectivity segment and steady earnings from its infrastructure segment, said the company. Shares of Keppe
SG Morning Call | Singapore Stocks Open Higher; Keppel Stock Jumps 1.88% After Posting 20% Rise in Q3 Net Profit; Keppel Reit, OCBC Bank, Singtel up Around 1%
SG Morning Call | STI Opens 0.23% Higher; AEM SGD, PC Partner up over 3%; UMS, OUEREIT, AvePoint, Hong Leong Asia, ST Engineering up over 1%
Market Snapshot Singapore stocks opened higher on Wednesday. STI rose 0.23%; AEM SGD, PC Partner up over 3%; UMS, OUEREIT, AvePoint, Hong Leong Asia, ST Engineering up over 1%. Stocks in Focus $Seatrium(5E2.SI)$: The offshore and marine player announced on Tuesday it would collaborate with global energy company Karpowership to develop floating power and infrastructure solutions in Singapore. The parties said they aim to “create an integrated platform combining infrastructure development, financing, engineering, construction and operations”. Seatrium shares ended Tuesday flat at S$1.82 before the announcement. $Mapletree Industrial Trust(ME8U.SI)$ (MIT): The trust on Tuesday reported a distribution per unit of S$0.0297 for its second quarter ende
SG Morning Call | STI Opens 0.23% Higher; AEM SGD, PC Partner up over 3%; UMS, OUEREIT, AvePoint, Hong Leong Asia, ST Engineering up over 1%
SG Morning Call | Singapore Stocks Open Lower; iFast Stock Jumps 2% as Q3 Profit Rises 24.5%; Bumitama Agri, UMS up over 3%
Market Snapshot Singapore stocks opened lower on Tuesday. STI fell 0.12%; iFast stock jumped over 2% as Q3 profit rises 24.5%; Bumitama Agri, UMS up over 3%. Stocks in Focus $CapitaLand Ascott Trust(HMN.SI)$ (Clas): The lodging trust reported on Tuesday a 4 per cent year-on-year improvement in same-store operating performance for Q3, excluding acquisitions, divestments and The Cavendish London, which was closed for renovations. Portfolio revenue per available unit stood at S$164, with occupancy at 84 per cent. Clas, which has S$8.7 billion in total assets, said profit was affected by portfolio reconstitution activities, although it remained relatively stable excluding the London property. Stapled securities of Clas ended 0.6 per cent or S$0.005 up at S$0.825 on Monday. $Keppel Infrastructu
SG Morning Call | Singapore Stocks Open Lower; iFast Stock Jumps 2% as Q3 Profit Rises 24.5%; Bumitama Agri, UMS up over 3%
SG Morning Call | Singapore Stocks Open Flat; Golden Agri-Res, SingPost Jump Nearly 2%; PM Wong Vows More Support for Workers, Energy Security
Market Snapshot Singapore stocks opened flat on Monday. Golden Agri-Res, SingPost up nearly 2%; Seatrium, Keppel Reit up over 1%. Stocks in Focus $Keppel(BN4.SI)$, $Seatrium(5E2.SI)$: Keppel’s wholly owned subsidiary Rigco and Seatrium will collaborate to complete four offshore rigs under a contract worth over S$500 million. The drillship and jackup rig are expected to be delivered in 2027 and 2028, respectively, while construction plans for the remaining two rigs are still being assessed. Shares of Seatrium closed S$0.03 or 1.7 per cent higher at S$1.81 on Friday, while shares of Keppel closed S$0.05 or 0.5 per cent lower at S$10. $OUE Reit(TS0U.SI)$: Th
SG Morning Call | Singapore Stocks Open Flat; Golden Agri-Res, SingPost Jump Nearly 2%; PM Wong Vows More Support for Workers, Energy Security
SGX Weekly Review |
Singapore stocks rose this week, with the STI up 0.12% as the sell-off in artificial intelligence and semiconductor stocks eased. In terms of individual stocks, $AvePoint(AVP.SI)$ up nearly 8%; $Frasers Cpt Tr(J69U.SI)$ up about 6%; $JMH USD(J36.SI)$, $China Aviation(G92.SI)$ up over 5%; $UOL(U14.SI)$ up 4%; Market News Singapore's Core Inflation Rate Rises to 2% in September, Below Forecast Singapore's key consumer price gauge rose 2% in September from a year earlier, official data showed on Friday. The core inflation rate, which excludes private road transport and a
SGX Weekly Review |
SG Morning Call | Keppel DC Reit 9M DPU Up 11.7% At S$0.08571 on Organic Growth, Acquisitions
Market Snapshot Singapore stocks opened Higher on Friday. STI rose 0.05%; 9CI rose 1.7%; ME8U, 5E2 rose 1.1%; M44U, A17U rose 1%; U11 rose 0.1%. Stocks in Focus $Seatrium Ltd(5E2.SI)$: The offshore and marine group has secured a contract from power generation company Karpowership to convert and integrate five hydrogen-ready Whale Class Powerships, each capable of generating up to 600 megawatts of electricity. The first vessel is expected to arrive at Seatrium’s Tuas Boulevard Yard in December 2027. Shares of Seatrium closed S$0.05 or 2.7 per cent lower at S$1.78 on Thursday. $CapitaLandInvest(9CI.SI)$: The real asset manager has appointed banking veteran Hsieh Fu Hua as its independent chairman and no
SG Morning Call | Keppel DC Reit 9M DPU Up 11.7% At S$0.08571 on Organic Growth, Acquisitions
SG Morning Call | More Than S$45 Million Set aside to Help Singapore Manufacturers adopt AI
Market Snapshot Singapore stocks opened lower on Thursday. STI fell 0.1%; AWX fell 0.46%; AIY fell 0.37%; A17U fell 0.45%; U11 fell 0.2%. Stocks in Focus $Frasers Cpt Tr(J69U.SI)$: The trust posted a distribution per unit (DPU) of S$0.06214 for the second half ended September, up 2.6 per cent from S$0.06059 in the previous corresponding period. This raised total DPU for FY2026 to S$0.1235 – a new high. Revenue for H2 was up 8.7 per cent at S$223 million, and net property income rose 11.5 per cent to S$160.9 million. The increases were driven by contributions from Northpoint City South Wing, as well as higher passing rents across most malls. Units of FCT ended Wednesday 1 per cent or S$0.02 higher at S$2.06.
SG Morning Call | More Than S$45 Million Set aside to Help Singapore Manufacturers adopt AI
Singtel Shares Fall Over 1% After S$1 Million Fine for Network Outages
$Singtel(Z74.SI)$ shares fell more than 1% on Wednesday after Singapore’s telecommunications regulator fined the group S$1 million over mobile service disruptions in March that affected around 720,000 subscribers. The Infocomm Media Development Authority said the outages on March 16, 18 and 19 were preventable, citing cooling system failures, inadequate monitoring and technical issues following network traffic rerouting. The regulator ruled out a cyberattack. Singtel has since strengthened its network monitoring and maintenance procedures. It also provided about S$8 million in goodwill rebates to affected customers. The penalty adds to scrutiny of network reliability across the group, as its Australian subsidiary Optus has also faced criticism o
Singtel Shares Fall Over 1% After S$1 Million Fine for Network Outages
SG Morning Call | Singtel Fined S$1 Million over March Outages; Sea Plans IPO for Financial Services Arm Monee
Market Snapshot Singapore stocks opened higher on Wednesday. STI rose 0.4%; UOB, Yangzijiang Shipbuilding, and SIA Engineering rose 1%; OCBC rose 0.9%; SIA rose 0.8%; DBS rose 0.5%. Stocks in Focus $Singtel(Z74.SI)$: The Infocomm Media Development Authority (IMDA) has imposed a penalty of S$1 million on the telecommunications provider over a series of mobile service disruptions in March that affected around 720,000 consumer and business subscribers. In a statement on Tuesday, IMDA said that its investigations found the outages on Mar 16, 18 and 19 were preventable and within the telco’s control. Shares of Singtel closed S$0.05 or 1.2 per cent higher at S$4.23 before the announcement. $Wee Hur(E3B.SI)$
SG Morning Call | Singtel Fined S$1 Million over March Outages; Sea Plans IPO for Financial Services Arm Monee
Keppel REIT Falls 2%; To Buy 51% Stake In Keppel South Central For S$610.9 Million
Keppel Reit is acquiring a 51 per cent interest in Keppel South Central from its sponsor Keppel for a purchase price of S$610.9 million, boosting its presence in Singapore's premium office sector, the Reit manager announced on Tuesday (Oct 20), shares down 2%. The 33-storey Grade A commercial building, located in the central business district (CBD), carries a total value of approximately S$1.2 billion. With 522,500 square feet of net lettable area, this equates to an overall building valuation of roughly S$2,350 per square foot (psf). Based on this total valuation, the agreed property value for Keppel Reit's 51 per cent interest on a 70-year leasehold basis amounts to S$626.2 million. "The proposed acquisition of Keppel South Central increases our presence in Singapore to 82 per cent," sa
Keppel REIT Falls 2%; To Buy 51% Stake In Keppel South Central For S$610.9 Million
SG Morning Call | Keppel Reit To Buy 51% Stake In Keppel South Central For S$610.9 Million
Market Snapshot Singapore stocks opened Higher on Tuesday. STI rose 0.2%; OV8 rose 0.7%; S63 rose 0.7%; Z74, C6L rose 0.5%; U11 rose 0.4%. Stocks in Focus $First Resources(EB5.SI)$: The palm oil company is “confident” that an objective review will establish that it does not engage in land clearing by fire, and has welcomed a thorough, evidence-based examination of the facts surrounding the haze situation. On Tuesday, the group said that it maintains a zero-burning policy, which is strictly enforced across its operations. Shares of First Resources closed 3.4 per cent or S$0.13 higher at S$3.93 on Monday. $Keppel Reit(K71U.SI)$: The manager announced on Tuesday that is buying a 51 per cent stake in Kep
SG Morning Call | Keppel Reit To Buy 51% Stake In Keppel South Central For S$610.9 Million
SG Morning Call | S-Reits Commence Q3 Earnings Season as Interest Rates Remain In Focus
Market Snapshot Singapore stocks opened Lower on Monday. STI fell 0.14%; AJBU fell 1.9%; AWX fell 1.7%; G13 fell 1.6%; OV8 fell 0.3%. Stocks in Focus $Bumitama Agri(P8Z.SI)$: The company said on Friday that preliminary investigations had found no evidence linking its operations to the forest fires in Indonesia or the haze affecting Singapore. It added that a fire in one of its concessions had originated outside its boundaries before spreading into the area. The counter fell 4.8 per cent or S$0.09 to S$1.78 on Friday before the company called for a trading halt to issue a clarification statement. It will resume trading on Monday. $Wee Hur(E3B.SI)$: The property and construction group is entering Singap
SG Morning Call | S-Reits Commence Q3 Earnings Season as Interest Rates Remain In Focus
SGX Weekly Review | STI Rises 0.3%; UOB Rallies 4%; Yangzijiang Shipbuilding Gains 2%; DBS Rises 1%; Seatrium Sinks 8%
Singapore stocks rose this week, with the STI up 0.3%, as investors digested a stronger-than-expected surge in non-oil domestic exports (NODX), even as palm oil counters came under pressure amid scrutiny over haze-causing fires. In terms of individual stocks, UOB rose 4.1%; Yangzijiang Shipbuilding rose 2.2%; SGX rose 1.3%; DBS rose 1%; SIA fell 0.6%; Singtel fell 1.4%; Wilmar fell 3.1%; Sats, Keppel fell 4%; SIA Engineering fell 6.5%; Seatrium fell 7.5%. Market News Singapore's MAS Stands Pat as Easing AI Boom Tames Inflation Singapore’s central bank unexpectedly left monetary policy unchanged as it expects both the global energy crunch and the artificial-intelligence boom to ease up in 2027. The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool rather
SGX Weekly Review | STI Rises 0.3%; UOB Rallies 4%; Yangzijiang Shipbuilding Gains 2%; DBS Rises 1%; Seatrium Sinks 8%
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