Market SnapshotSingapore stocks opened higher on Friday. STI was up 0.4%, ThaiBev up 1%, Lum Chang up 1.6%, BRC Asia up 2.5%, Seatrium up 2%.Stocks to WatchThai Beverage (ThaiBev): The beverage company posted a net profit of 27.2 billion baht (S$1.1 billion) for its full year ended Sep 30, a slight drop of 1 per cent from 27.4 billion baht a year earlier. This comes as higher costs of living have dented the purchasing power of individuals, limiting consumer spending and affecting the domestic consumption of alcoholic and non-alcoholic beverages. Shares of ThaiBev closed 1 per cent or S$0.005 lower at S$0.515 on Thursday, before the release of the results.BRC Asia : The steel solutions provider posted an 11 per cent year-on-year rise in net profit to S$55 million for its second half en

Market SnapshotSingapore stocks opened flat on Thursday. STI was unchanged, Singtel fell 0.96%, Nio fell 0.84%, Keppel DC Reit fell 1.32%, Keppel Pacific Oak rose 4.7%, YZJ Shipblg rose 1.5%.Stocks to WatchSingtel : The telecom group on Thursday announced changes to its senior management, to support new business priorities of its growth plan. Singtel Singapore’s deputy chief executive Anna Yip will relinquish her role to lead an expanded and rebranded business development function. Veteran Mark Chong was also appointed group chief corporate officer, as part of a wider senior management change. The company’s shares ended Wednesday 3.1 per cent or S$0.10 lower at S$3.13.Nio : The Chinese electric carmaker said on Wednesday its net loss widened to 5.1 billion yuan (S$945.5 million) for its th

Market SnapshotSingapore stocks opened higher on Wednesday. STI up 0.2%, CLI up 1.4%, Frencken up 4.2%, Koh Eco up 3.5%, Seatrium up 2%.Stocks to WatchCapitaLand Investment (CLI) : The real asset manager is buying a 40 per cent stake in Singapore-headquartered real estate investment manager, SC Capital Partners, for S$280 million. CLI on Wednesday said it intends to acquire the remaining 60 interest in phases over the next five years and invest at least S$524 million in SC Capital’s fund strategies to support the growth of its platform. Shares of CLI ended Tuesday S$0.02 or 0.7 per cent higher at S$2.81. Keppel DC Real Estate Investment Trust (Keppel DC Reit) : It has closed its private placement at S$2.09 apiece with 334.9 million new units issued. On Wednesday, the Reit ma

Market SnapshotSingapore stocks opened higher on Tuesday. STI up 0.4%, Keppel up 2%, Seatrium up 1.6%, SATS up 2.7%, YZJ Shipblg up 3.6%.Stocks to WatchKeppel: Keppel will take over 13 legacy rigs held by Rigco following a selective capital reduction exercise, which will cancel all of Rigco’s shares that are not held by a Keppel unit as at the date of the announcement. On Tuesday, the group also said it plans to establish a private fund to own and manage the legacy rigs, as well as attract third-party capital. Shares of Keppel closed 0.3 per cent or S$0.02 higher at S$6.58 on Monday.Genting Singapore: The casino licence of Resorts World Sentosa, an integrated resort operated by Genting Singapore, has been renewed by the authorities for another two years starting from Feb 6 next year. The i

Market SnapshotSingapore stocks opened higher on Monday. STI up 0.3%, ST Engineering down 1.9%, KIT up 1.1%, Frasers Property down 1%.Stocks to WatchSingapore Airlines (SIA) : The group posted a 7.4 per cent year-on-year rise in passenger traffic for October 2024. On Friday, SIA said that this brought its revenue passenger-kilometre (the number of passengers multiplied by the distance flown) to 12.9 billion for the month, up from 12 billion the year before. Shares of SIA closed up 1.1 per cent at S$6.33 on Friday before the news. ST Engineering : The technology and engineering group on Monday reported a 14 per cent increase in revenue to S$2.8 billion for the third quarter ended September, from S$2.4 billion in the previous corresponding period. It also proposed a third quarter interi

Singapore shares inched 0.55% higher this week as Fed signals slower pace of rate cuts. Fed Chair Jerome Powell said on Thursday the central bank did not need to rush to lower interest rates due to ongoing economic growth, a solid job market and inflation that remains above its 2% target.In terms of star stocks, Riverstone jumped 10.99%; Frasers Property gained 3.37%.Market NewsSingTel sees improved full-year growth as half-year profit risesSingapore Telecommunications posted a 6% rise in underlying net profit for the half-year and gave improved guidance for the full year on Wednesday, underpinned by strength at its Australia unit Optus and technology services business NCS.Southeast Asia's largest telecoms provider also said it expects its earnings before interest and tax (EBIT) to grow at

Market SnapshotSingapore stocks opened lower on Friday. STI fell 0.35%; Prime US Reit rose 1.3%; ComfortDelGro fell 1.3%.Stocks to Watch$CapitaLand Ascendas Reit(A17U.SI)$: (Clar): Its manager on Friday said the real estate investment trust (Reit) will acquire a parcel of land in the US that will be developed into a new logistics property at an estimated investment cost of S$94.8 million. On a pro forma basis, the acquisition is expected to be accretive to the Reit’s distribution per unit. Units of Clar ended 0.4 per cent or S$0.01 higher at S$2.62 on Thursday.$Golden-Agri Resources(E5H.SI)$: The palm oil producer’s underlying profit fell 18 per cent on the quarter to US$91 million for its third quar

Market SnapshotSingapore stocks opened lower on Thursday. STI fell 0.3%; SingPost rose 1%; DBS Group fell 1%.Stocks to Watch$Jardine Cycle and Carriage(C07.SI)$: The investment holding company’s earnings for the first nine months of the year were down slightly year on year, it announced on Wednesday. This was due to currency exchange differences that offset higher underlying profits for the group’s businesses in Indonesia, as well as larger sales volumes in Vietnam. Shares of Jardine C&C ended at S$27.85, down S$0.03 or 0.1 per cent, before the news.$StarHub(CC3.SI)$: The telecommunications operator on Wednesday reported a net profit of S$40.4 million for its third quarter, up 11.1 per cent from S

Market SnapshotSingapore stocks opened lower on Wednesday. STI fell 0.7%; NIO fell nearly 5%; UOB, SIA, DBS fell around 1%.Stocks to Watch$Singtel(Z74.SI)$: The telecommunications operator’s net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion from S$2.14 billion, in the absence of a S$1.2 billion exceptional gain booked in the same period a year prior. On Wednesday, Singtel’s board declared an interim dividend of S$0.07 per share, up from S$0.052 in H2 of FY2024. Shares of Singtel closed 1.3 per cent or S$0.04 lower at S$3.16 on Tuesday. $Bumitama Agri(P8Z.SI)$: The Indonesian palm oil producer’s net profit for the third quarter ended Sep 30 fell 31.6 p

Market SnapshotSingapore stocks opened higher on Monday. STI gained 0.6%; Singapore Airlines fell over 5%; NIO sank 4%; UOB rose 2%.Stocks to Watch$Singapore Airlines( C6L.SI)$ (SIA): The national carrier on Friday posted a 59 per cent fall in net profit to S$290 million for the second quarter ended Sep 30, compared to the corresponding period in the previous year. Revenue for the period rose 2 per cent to S$4.8 billion. Lower profit was mainly due to weaker operating performance, lower net interest income and loss on disposal of aircraft, spares, and spare engines versus a gain last year. Its counter ended on Friday at S$6.45, down S$0.04 or 0.6 per cent, before the announcement.$Sembcorp Industries(U96.SI)$: The energy and urban development co

Singapore shares rallied this week, with the $STI(STI.SI)$ up 4.75% in the last five trading days. The stock market reacted positively to the results of US presidential elections.Trump was elected the 47th President of the US, four years after he was voted out of the White House. International investors are confident that Trump's stance on industrial policy, tax cuts, and trade tariffs will fuel growth in the US and benefit equities.Market News$Singapore Airlines(C6L.SI)$' Half-Year Profit Nearly Halves on Rising CostsSingapore Airlines (SIA) reported a half-year profit on Friday that nearly halved year-on-year, reflecting intensifying market competition coupled with higher fuel costs and expenses.Air

Market SnapshotSingapore stocks opened higher on Friday. STI rose 0.6%; NIO rose 3.7%; UOB rose 2.1%; YZJ Shipbldg rose 1.9%; Singtel rose 1.6%; OCBC rose 0.7%.Stocks to Watch$UOB(U11.SI)$: Its net profit for the third quarter ended September rose 16 per cent year on year to S$1.61 billion, beating consensus estimates on new record highs in net fee income, as well as trading and investment income. Earnings per share stood at S$3.79 versus S$3.23 in the year before, according to the bank’s results released on Friday. Shares of UOB closed S$0.61 or 1.9 per cent higher at S$33.30 on Thursday.$OCBC(O39.SI)$: The lender’s third-quarter net profit rose 9 per cent year on year to S$1.97 billion on highe

Market SnapshotSingapore stocks opened higher on Thursday. STI rose 0.6%; YZJ Shipbldg rose 2.8%; DBS rose 2.2%; Top Glove rose 1.4%; OCBC and UOB rose 1.3%; NIO fell 2.3%.Stocks to Watch$DBS Group(D05.SI)$: Singapore’s largest lender beat estimates with record net profit crossing the S$3 billion mark for the first time at S$3.03 billion for its third quarter ended September, up 17 per cent year on year. It declared an interim dividend of S$0.54 per ordinary share on Thursday, to be paid out on or about Nov 25, bringing estimated total dividends payable to S$1.54 billion. The quarter’s earnings per share of S$4.21, up from S$3.64 in Q3 FY2023, is expected to get a “permanent lift” from DBS’ new S$3 billion share buyback programme that is part of

Market SnapshotSingapore stocks opened higher on Wednesday. STI rose 0.1%; CapitaLandInvest, Genting Singapore, Sembcorp, Seatrium, and Singtel rose about 1%; NIO fell 1.7%; Olam fell 3.3%.Stocks to Watch$Singtel(Z74.SI)$: A China state-linked hacking group that breached the telco giant in June was part of a global campaign targeting telco companies and critical infrastructure operators, reported Bloomberg News on Tuesday. The breach is thought to have been a test by China for future cyberattacks on US telco firms, the news outlet said. Shares of Singtel closed up 1.3 per cent or S$0.04 at S$3.16 on Tuesday. $Prudential USD(K6S.SI)$: The insurer’s new business profit was up 11 per cent, on a cons

Market SnapshotSingapore stocks opened lower on Tuesday. STI fell 0.3%; Seatrium rose 1.6%; Dyna-Mac rose 1.5%; ThaiBev rose 1%; DBS fell 0.7%; CICT fell 1.5%; AEM fell 1.6%.Stocks to Watch$SIA(C6L.SI)$, $SIA Engineering(S59.SI)$: Singapore’s national carrier will spend S$1.1 billion to retrofit its Airbus A350 fleet and refresh offerings as rival airlines pump billions into upgrades. Set to finish by 2030, the makeovers will help the airline stay competitive and protect its premium travel sector share. SIA’s aircraft maintenance subsidiary SIAEC will furnish the aircraft, the company on Monday. Shares of SIA inched up 0.3 per cent or S$0.02 to S$6.46, while those of SIAEC climbed 1.2 per cent or S$0.

Market SnapshotSingapore stocks opened higher on Monday. Hongkong Land rose 2.5%; Seatrium rose 1.1%; Sembcorp and ThaiBev rose 1%; DBS rose 0.8%; Singtel rose 0.7%; UOB rose 0.4%; Olam fell 1.6%.Stocks to Watch$Genting Sing(G13.SI)$: Resorts World Sentosa (RWS) chief casino operator Andrew MacDonald stepped down on Friday, Genting Singapore, the owner of RWS, said on Saturday. This comes after MacDonald, a former Marina Bay Sands (MBS) employee, said in August that he was banned from MBS premises for allegedly poaching high-rollers. Shares of Genting Singapore ended trading on Friday up 1.2 per cent or S$0.01 at S$0.845, before the update.$CityDev(C09.SI)$: CDL subsidiary Chenghong Shanghai acquired

Singapore stocks fell this week, with the STI down 1.1% in 4 trading days. The market closed on Thursday for the Deepavali public holiday. investors are still assessing the news of a potential fiscal boost from Beijing, while remaining cautious ahead of U.S. elections next week.In terms of star stocks, SIA fell 0.5%; DBS, OCBC, and UOB fell about 1%; Singtel fell 3.4%; Seatrium and SGX fell 2.1%; Keppel fell 1.7%; Sembcorp fell 5.5%; ST Engineering fell 3.8%; while NIO rose 2.9%; Genting Singapore rose 2.4%; Olam jumped 13%; Hongkong Land surged 14%.Market NewsSGX Starts Trading in BYD, Alibaba, Tencent, HSBC and BOC Via Depository ReceiptsInvestors in Singapore can now gain direct exposure to five mega-cap companies listed in Hong Kong and tap into more opportunities to diversify their po