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SG Morning Call | Singapore Stocks Open Lower; DBS Sued for US$1 Billion In 1MDB-Linked Claim

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 0.4%; Keppel fell 1%; SIA fell 0.9%; Singtel fell 0.7%; DBS fell 0.6%. Stocks in Focus $DBS(D05.SI)$: The local bank on Wednesday said it “categorically rejects” a S$1.298 billion claim for damages in a lawsuit filed by several entities linked to the 1Malaysia Development Berhad scandal. DBS has consulted various legal advisers on this matter and also assessed that no provisions are required at this stage. DBS shares ended Wednesday at S$77.50, down 0.8 per cent or S$0.60, before its bourse filing. $KOREReitUSD(CMOU.SI)$: The manager of the Reit announced on Wednesday that it has secured a new S$120 million loan facility. Upon drawdo
SG Morning Call | Singapore Stocks Open Lower; DBS Sued for US$1 Billion In 1MDB-Linked Claim
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09-09 09:02

SG Morning Call | Singdollar Emerges as Safe Haven Currency Amid US Dollar Volatility

Market Snapshot Singapore stocks opened lower on Wednesday. STI fell 0.2%; Yangzijiang Shipbuilding fell 1%; Seatrium fell 0.9%; Singtel fell 0.7%; SIA fell 0.5%; Keppel fell 0.3%. Stocks in Focus $Mapletree Logistics Trust(M44U.SI)$ (MLT): It has agreed to sell a vacant logistics property in Australia for A$28 million (US$20.2 million), the manager said on Tuesday. MLT on Tuesday also priced 500 million yuan (US$74.5 million) worth of a three-year offshore renminbi bond, which bears a coupon of 2.1 per cent per annum. Units of MLT closed 0.9 per cent or S$0.01 lower at S$1.15 before the announcements. $Singapore Airlines(C6L.SI)$ (SIA): The carrier on Tuesday said its investments in India are funded
SG Morning Call | Singdollar Emerges as Safe Haven Currency Amid US Dollar Volatility
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09-08 09:01

SG Morning Call | DBS, Citi Bypass Traditional Banking Hours in Cross-Border Tokenised Deposit Trial

Market Snapshot Singapore stocks opened lower on Tuesday. STI fell 0.3%; Keppel fell 0.8%; SGX fell 0.5%; Singtel and OCBC fell 0.4%; DBS fell 0.3%. Stocks in Focus $IReit Global(UD1U.SI)$: The manager of the Europe-focused real estate investment trust (Reit) said that its Berlin RE(O Campus has secured a landmark 25-year lease agreement with Berlin’s main public transport operator. It will lease 39,419 square metres of net lettable area at Berlin RE(O Campus under the long-term lease and will establish its headquarters at the asset. Occupancy at the property is expected to increase materially from about 25 per cent to about 75 per cent. Units of the Reit rose 1.8 per cent to close S$0.003 higher at S$0.168 on Monday, before the news. SG Local
SG Morning Call | DBS, Citi Bypass Traditional Banking Hours in Cross-Border Tokenised Deposit Trial

SG Morning Call | Brokerages Lift Their STI Targets as Earnings Drive Momentum into Q4

Market Snapshot Singapore stocks opened lower on Monday. STI fell 0.3%; OCBC and SGX fell 0.7%; DBS fell 0.4%; SIA fell 0.3%. Stocks in Focus $CSE Global(544.SI)$: The company on Friday said its appointed financial adviser – Jefferies Singapore – in connection with the strategic review, has submitted a preliminary report which the board of CSE Global is currently reviewing. It added that there is “no certainty or assurance” any definitive agreement will be entered into, or any transaction will materialise from the strategic review. Shares of CSE Global ended 1.7 per cent or S$0.02 higher at S$1.18 prior to the news. $Marco Polo Marine(5LY.SI)$: On Monday, it entered a conditional sale and purchase agr
SG Morning Call | Brokerages Lift Their STI Targets as Earnings Drive Momentum into Q4

SGX Weekly Review | STI Rises 1.8%; OCBC Jumps 4%; DBS and UOB Gain 3%; SIA Falls 2%; NIO Sinks 12%

Singapore stocks rose this week, with the STI up 1.8%, as investor sentiment improve due to slimming chances of the US Federal Reserve hiking interest rates. In terms of individual stocks, OCBC rose 3.9%; DBS rose 3.3%; UOB rose 3%; Sembcorp rose 1.7%; Seatrium fell 1.8%; SIA fell 1.9%; NIO fell 12.4%. Market News Singapore Tax Revenue Hits Record S$97.3 Billion, up 9.4% on Stronger Economy The Inland Revenue Authority of Singapore collected S$97.3 billion in tax revenue in the financial year 2025/2026, up 9.4 per cent from the previous financial year, driven by stronger economic activity and consumer spending. According to IRAS data dating back to 2002, this marks the highest tax collection on record. The sum accounted for 74.8 per cent of the Government’s operating re
SGX Weekly Review | STI Rises 1.8%; OCBC Jumps 4%; DBS and UOB Gain 3%; SIA Falls 2%; NIO Sinks 12%

SG Morning Call | Singapore Stocks Open Higher, STI +0.4%; AEM SGD Surges Over 2%, Kep Infra Tr Gains 1.9%

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.41%. AEM SGD rose more than 2%, Kep Infra Tr gained 1.9%, and UMS advanced 1.6%, while JMH USD fell 1.6% and UOL declined 0.4%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Friday (Sep 4): OCBC : The bank on Friday said it has priced US$750 million worth of covered bonds under its US$10 billion global covered bond programme. The net proceeds will be used for general corporate purposes. The bonds, expected to be issued on Sep 11, will bear interest at 4.63 per cent per annum, payable semi-annually in arrear. Shares of OCBC rose 0.2 per cent to close S$0.07 higher at S$31.92 on Thursday. NTT DC Reit : The manager of the real estate investment trust (Reit) on T
SG Morning Call | Singapore Stocks Open Higher, STI +0.4%; AEM SGD Surges Over 2%, Kep Infra Tr Gains 1.9%

SG Morning Call | Singapore Stocks Open Higher; STI Up Over 0.5%, AEM SGD Rises 1.6%

Market Snapshot On Thursday, Singapore stocks opened higher, with the Straits Times Index (STI) up more than 0.5%. $AEM SGD(AWX.SI)$ rose 1.6%, while DBS, JMH USD, and OCBC Bank gained over 1%; UMS added 0.8%. On the downside, Singtel fell 0.7% and UOL Group slipped 0.3%. SG Local News Singapore factories keep humming on AI boom as PMI rises to 51.5 The Republic’s factory activity expanded at a slightly faster pace in August, supported by an artificial intelligence-driven semiconductor supercycle, even as the prolonged Middle East crisis kept supply chains and energy costs under pressure.  The purchasing managers’ index (PMI) edged up 0.1 point from July to 51.5 last month, data from the Singapore Institute of Purchasing and Materials Manag
SG Morning Call | Singapore Stocks Open Higher; STI Up Over 0.5%, AEM SGD Rises 1.6%

SG Morning Call | STI Opens Slightly Higher: JMH USD +1.5%, AEM SGD +0.8%; UMS -0.39%

Market Snapshot Singapore's STI Edges Higher at Open on Wednesday; JMH USD Rises 1.5%, AEM SGD +0.8%, UOL +0.2%, DBS +0.17%; UMS -0.39% Stocks in Focus The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 2): Keppel DC Reit : The real estate investment trust’s (Reit) private placement to partially fund the majority acquisitions of two Japan data centres has been upsized from S$600 million to S$625 million on “strong demand” from investors, its manager said on Wednesday. The placement was about 3.4 times covered. The issue price per new unit has been fixed at S$2.10, with the new units set to trade from Sep 10. Units of Keppel DC Reit closed flat at S$2.20 on Monday, before the manager called for a trading halt before the market opened
SG Morning Call | STI Opens Slightly Higher: JMH USD +1.5%, AEM SGD +0.8%; UMS -0.39%

SG Morning Call | STI Nearly Flat; JMH USD Rises 1.6%, UOL Gains Almost 1%, Singtel Up 0.4%

Market Snapshot Singapore's STI index nearly flat‑lined on Tuesday; $AEM SGD(AWX.SI)$ fell around 0.7%, $UMS(558.SI)$ dropped 0.75%; $JMH USD(J36.SI)$ rose 1.6%, $UOL(U14.SI)$ gained nearly 1%, and $Singtel 10(Z77.SI)$ climbed 0.4%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 1): Frasers Property : The property developer, investor and operator on Monday said it acquired Cuppage Terrace – a cluster of 17 conservation shophouses in the Orchard Road area – for an agreed property value of S$175 m
SG Morning Call | STI Nearly Flat; JMH USD Rises 1.6%, UOL Gains Almost 1%, Singtel Up 0.4%

SG Morning Call | Singapore Stocks Open Lower; STI Down 0.11%; AEM SGD Slides 2%, Kep Infra Tr Gains 1%; OCBC, DBS Rise

Market Snapshot Monday, August 31, Singapore shares commenced the session in negative territory, with the Straits Times Index (STI) declining 0.11%. $AEM SGD(AWX.SI)$ slid over 2%, $UMS(558.SI)$ fell 1.8%, and $JMH USD(J36.SI)$ retreated 0.77%. In contrast, Kep Infra Tr climbed nearly 1%, while OCBC Bank and DBS added 0.7% and 0.5%, respectively. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Monday (Aug 31): ComfortDelGro : A consortium formed by ComfortDelGro (CDG) and French transport company RATP Dev will operate and maintain all four lines of the Copenhagen metro system from September 2027,
SG Morning Call | Singapore Stocks Open Lower; STI Down 0.11%; AEM SGD Slides 2%, Kep Infra Tr Gains 1%; OCBC, DBS Rise

SGX Weekly Review | STI Edges Up 0.19%; H22 Surges 10%, AVP Gains 7%, E28 Drops Nearly 9%

Singapore’s benchmark indices were mixed this week, with the Straits Times Index (STI) edging up 0.19% for the week. All three local banking heavyweights closed higher: $DBS(D05.SI)$ added 0.2% week on week, $OCBC Bank(O39.SI)$ rose 0.29% and hit a fresh intraday record on Aug 26, while $UOB(U11.SI)$ gained 0.62% across the week. Elsewhere, $Seatrium Ltd(5E2.SI)$ advanced 2.33% and $Wilmar Intl(F34.SI)$ climbed 2.7%. On the downside, $UOL(U14.SI)$ dropped 3.87%, $DFIRG USD(D01.SI)$
SGX Weekly Review | STI Edges Up 0.19%; H22 Surges 10%, AVP Gains 7%, E28 Drops Nearly 9%

SG Morning Call | STI Rises 0.2%; AvePoint Soars 7%; Seatrium, UOL, AEM SGD up over 1%; YZJ Maritime, Great Eastern, YZJ Shipbldg up Within 1%

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.15%; AvePoint up 7%; Seatrium, UOL, AEM SGD up over 1%; YZJ Maritime, Great Eastern, YZJ Shipbldg up within 1%. Stocks in Focus $Frencken(E28.SI)$: The tech solutions provider on Thursday announced that it plans to raise S$100 million through a proposed placement of 44.1 million shares at S$2.2687 each. The new shares will be offered privately to institutional and accredited private investors. The proposed placement share price is at a 10 per cent discount and represents about 10.3 per cent of the existing issued shares as at Thursday. The counter closed flat at S$2.54 on Tuesday, before the company called for a trading halt. It resumes trading on Friday.
SG Morning Call | STI Rises 0.2%; AvePoint Soars 7%; Seatrium, UOL, AEM SGD up over 1%; YZJ Maritime, Great Eastern, YZJ Shipbldg up Within 1%

SG Morning Call | STI Falls 0.27%; Sri Trang Agro, AEM SGD up over 2%; UMS, ST Engineering, ThaiBev, Olam Group up over 1%

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 0.27%; Sri Trang Agro, AEM SGD up over 2%; UMS, ST Engineering, ThaiBev, Olam Group up over 1%. Stocks in Focus $UOB(U11.SI)$: The bank on Thursday said it priced a one billion euro (US$1.2 billion) dual-tranche covered bond transaction across two-year and five-year tenors, the first offering of its kind by an Asian issuer. The issuance generated “exceptionally strong” demand, with order books peaking at over 4.25 billion euros, allowing the bank to significantly tighten pricing and achieve highly attractive funding costs. UOB shares fell 0.4 per cent or S$0.16 to close at S$40.95 on Wednesday. $ST Engineering(S63.SI)$: The group’s ur
SG Morning Call | STI Falls 0.27%; Sri Trang Agro, AEM SGD up over 2%; UMS, ST Engineering, ThaiBev, Olam Group up over 1%

SG Morning Call | Singapore Stocks Open Flat; SingPost Jumps 1.5% as Q1 Operating Profit up 55.2%; UOB Kay Hian, PanUnited up Around 1%

Market Snapshot Singapore stocks opened flat on Wednesday. Wing Tai, Golden Agri-Res up nearly 2%; SingPost jumped 1.5% as Q1 operating profit up 55.2%; UOB Kay Hian, PanUnited up around 1%. Stocks in Focus $Singapore Post(S08.SI)$ (SingPost): The postal service operator posted an operating profit of S$4.1 million for its first fiscal quarter ended Jun 30, up 55.2 per cent on an annualised basis. The growth was driven primarily by cost management, lower labour-related costs and efficiency gains, the group said on Wednesday. Group revenue for Q1 fell marginally by 0.9 per cent year on year to S$93.4 million, but operating profit margin expanded from 2.8 to 4.4 per cent. SingPost shares fell 2.9 per cent or S$0.01 to close at S$0.33 on Tuesday. $Marco
SG Morning Call | Singapore Stocks Open Flat; SingPost Jumps 1.5% as Q1 Operating Profit up 55.2%; UOB Kay Hian, PanUnited up Around 1%

SG Morning Call | Singapore Stocks Open Flat; Olam Group Down 2.8%; Frasers Property Down 2%; OUEREIT, AEM SGD Down over 1%; IFast, DBS Down Slightly

Market Snapshot Singapore stocks opened flat on Tuesday. Olam Group down 2.8%; Frasers Property down 2%; OUEREIT, AEM SGD down over 1%; iFast, DBS down slightly. Stocks in Focus $Frasers Property(TQ5.SI)$: Its wholly owned subsidiary Frasers Property Treasury on Tuesday proposed issuing S$150 million of fixed rate notes under its S$5 billion multicurrency debt issuance programme. OCBC has been appointed as the joint lead manager and active bookrunner and CIMB will be the joint lead manager and passive bookrunner. The interest rate for the notes is fixed at 3.5 per cent per annum payable semi-annually in arrear. Shares of Frasers Property ended flat at S$1.03 on Monday. $UltraGreen.ai(ULG.SI)$: The com
SG Morning Call | Singapore Stocks Open Flat; Olam Group Down 2.8%; Frasers Property Down 2%; OUEREIT, AEM SGD Down over 1%; IFast, DBS Down Slightly

SG Morning Call | STI Rises 0.3%; Wilmar Intl up over 2%; Golden Agri-Res, IFast, YZJ Shipbldg, CityDev, Kep Infra Tr, Mapletree Log Tr up Around 1%

Market Snapshot Singapore stocks opened higher on Monday. STI rose 0.3%; Wilmar Intl up over 2%; Golden Agri-Res, iFast, YZJ Shipbldg, CityDev, Kep Infra Tr, Mapletree Log Tr up around 1%. Stocks in Focus $Mapletree Industrial Trust(ME8U.SI)$: The chief executive of the manager, Lily Ler, is stepping down from her position to become group chief financial officer of Mapletree Investments, the trust’s sponsor. She will officially vacate her positions as CEO and executive director of the manager on Oct 1, the manager said on Friday. She will be replaced by Anand Tze Ming Chandran, the current head of Asia-Pacific data centres at Mapletree Investments. The trust’s units closed at S$1.92 on Friday, up 0.5 per cent or S$0.01, before the news.
SG Morning Call | STI Rises 0.3%; Wilmar Intl up over 2%; Golden Agri-Res, IFast, YZJ Shipbldg, CityDev, Kep Infra Tr, Mapletree Log Tr up Around 1%

SGX Weekly Review | STI Falls 1%; Bumitama Agri Soars 15%; First Resources Gains 12%; Sri Trang Agro, HPH Trust USD Jump over 8%; Golden Agri-Res Rises 7%

Singapore stocks fell this week, with the STI down 1%. In terms of individual stocks, $Bumitama Agri(P8Z.SI)$ up 15%; $First Resources(EB5.SI)$ up 12%; $Sri Trang Agro(NC2.SI)$, $HPH Trust USD(NS8U.SI)$ up over 8%; $Golden Agri-Res(E5H.SI)$ up 7%. Market News CapitaLand and IOI Close to Buying Singapore $1.9 Billion Office Towers, Bloomberg Reports CapitaLand Investment and Malaysian developer IOI Properties Group are nearing a deal to buy an iconic office development in Singapore’s commercial center, according to people familiar with the matter, Bloomberg reported, T
SGX Weekly Review | STI Falls 1%; Bumitama Agri Soars 15%; First Resources Gains 12%; Sri Trang Agro, HPH Trust USD Jump over 8%; Golden Agri-Res Rises 7%

SG Morning Call | CapitaLand and IOI Close to Buying Singapore $1.9 Billion Office Towers, Bloomberg Reports

Market Snapshot Singapore stocks opened lower on Friday. STI fell 0.5%; OCBC fell 1%; UOB fell 0.7%;Singtel fell 0.5%; DBS fell 0.4%. Stocks in Focus $Jardine Cycle & Carriage Limited(C07.SI)$: JC&C announced on Friday that it has entered into a conditional share and asset purchase agreement to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia to CCHPL Holdings, a wholly owned subsidiary of Indonesia’s Chandra Asri Pacific. The estimated base purchase price payable in cash is around S$265 million. Shares of JC&C ended at S$27.50 on Thursday, 1.2 per cent or S$0.32 higher. $Creative Technology(C76.SI)$: The technology group on Thursday pos
SG Morning Call | CapitaLand and IOI Close to Buying Singapore $1.9 Billion Office Towers, Bloomberg Reports

SG Morning Call | Singapore to Offer Tax, Visa Incentives for Fund Sector to Rival Hong Kong

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 04%; Sats fell 6%; SIA fell 0.7%; OCBC fell 0.6%; DSB fell 0.4%. Stocks in Focus $OCBC(O39.SI)$: The bank announced on Thursday that it has priced £1 billion (US$1.4 billion) in aggregate principal amount of floating rate covered bonds due 2029. The covered bonds will bear interest at the compounded daily Sterling Overnight Index Average rate, plus 0.48 per cent per annum payable quarterly in arrear. The bonds are expected to be issued on Aug 26 and listed on the Singapore Exchange (SGX) on Aug 27. Shares of OCBC ended at S$30.94 on Wednesday, S$0.01 or 0.03 per cent lower. $Sats(S58.SI)$: The company on Wednesday posted a S$75.1 mill
SG Morning Call | Singapore to Offer Tax, Visa Incentives for Fund Sector to Rival Hong Kong

SG Morning Call | UOB Prices US$1.4 Billion Floating Rate Covered Bonds Due 2030

Market Snapshot Singapore stocks opened lower on Wednesday. STI fell 0.7%; OCBC fell 1.6%; Singtel fell 1.4%; UOB fell 0.7%; DBS fell 0.5%. Stocks in Focus $UMS Integration(558.SI)$: The group announced on Tuesday that the company’s wholly owned subsidiary in Singapore, UMS International, has incorporated a wholly owned subsidiary in Vietnam, UMS Vietnam Integration Company, with an issued and paid-up share capital of US$2 million. Shares of UMS ended at S$2.82 on Tuesday, S$0.05 or 1.7 per cent lower. $Koh Brothers Eco Engineering(K75.SI)$: Shareholders of Koh Brothers Eco Engineering voted in favour of moving the company from the Catalist to the mainboard of the Singapore Exchange in an extraordinar
SG Morning Call | UOB Prices US$1.4 Billion Floating Rate Covered Bonds Due 2030

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