Market Snapshot
Singapore stocks opened higher on day. STI rose 0.22%; HongkongLand up over 4%; China Aviation, Singtel, GuocoLand, Kep Infrs Tr up around 1%; Mapletree Ind Tr, iFast down over 2%.
Stocks in Focus
Singtel: KKR and Singtel will acquire Singapore-based ST Telemedia Global Data Centres for S$6.6 billion, in one of the largest data-centre transactions in Asia. Upon completion, KKR and Singtel will own stakes of 75 per cent and 25 per cent, respectively, in the company. Shares of Singtel closed 4.7 per cent or S$0.22 higher at S$4.86 on Tuesday.
Hongkong Land: The group launched a S$8.2 billion Singapore private fund focused on managing prime commercial property assets in the Republic. It said on Tuesday that it injected its one-third interests in Marina Bay Financial Centre Towers 1 and 2, Marina Bay Link Mall and One Raffles Quay into the Singapore Central Private Real Estate Fund, which is the country’s largest commercial real estate private fund.
Keppel Real Estate Investment Trust (Reit): The manager of Keppel Reit posted a distribution per unit (DPU) of S$0.0251 for the second half ended Dec 31, 2025, down 10.4 per cent from S$0.028 in the year-ago period. Net property income rose 2.4 per cent to S$107.7 million from S$105.1 million previously. Units of Keppel Reit closed Tuesday flat at S$0.98, before the news.
Frasers Logistics & Commercial Trust (FLCT): The manager posted positive rental reversions of 10.7 per cent on an incoming versus outgoing basis for Q1 ended Dec 31. On an average versus average basis, FLCT booked positive rental reversions of 29.8 per cent, said FLCT on Tuesday. The overall positive reversions were driven mainly by its logistics and industrial segment, which logged a 13.4 per cent increase on an incoming versus outgoing basis, and 36.4 per cent on an average basis. The counter ended Tuesday flat at S$1.01, before the announcement.
GuocoLand: The property developer on Tuesday proposed to privatise its Malaysia-listed unit GuocoLand (Malaysia) at a RM1.10 per share offer price, for the 34.97 per cent stake it does not own. This will give the group greater flexibility to manage the business, enabling a more streamlined operating structure and improved utilisation of resources, GuocoLand said. Shares of GuocoLand last closed flat at S$2.68 on Monday, before the group called for a trading halt which will be lifted on Wednesday.
ESR Reit: The manager of ESR Reit on Wednesday posted a DPU of S$0.10675 for its second half ended Dec 31, up 7.1 per cent year on year. This was driven by robust revenue and net property income growth from strategic acquisitions, positive rental reversions and contributions from completed asset enhancement initiatives. Units of ESR Reit rose 0.4 per cent or S$0.01 to close at S$2.71 on Tuesday.
SG Local News
Latest Proposals Will Boost Investing on SGX, but Costs May Negate Efficacy
It’s laudable that the Singapore Exchange has proposed ways to improve access and reduce friction in investing for retail investors amid enhancing the development of Singapore’s equities market. Among the recent proposals are reducing the standard board lot size and facilitating the broader use of broker custody accounts, with public feedback being sought for these measures.
Specifically, reducing the board lot size of SGX-traded securities involves cutting from 100 units to 10 units for those counters that are trading above S$10, and from 100 units to one unit for those priced above S$100.
Securities Financing Gains Traction Among Singapore Players Amid Global Demand, Wealth Inflows
More financial institutions in Singapore are eyeing the securities financing business, given increasing global demand and a growing supply of assets as wealth continues to flow into the Republic, observers said.
Singapore’s securities financing market is still relatively nascent compared with larger global centres, but it is growing rapidly, said Renu Menon, co-head of banking and finance at Drew & Napier.
“As investors focus more on liquidity and balance-sheet management, securities financing is becoming more widely used,” he said.
