EGP Energy IPO: A Hidden Player in Asia’s Power Infrastructure Boom
$EGP ENERGY CORP(EGX.SI)$ is an electrical infrastructure solutions and service provider for T&D projects in Singapore, with extensive expertise in EHV/HV power transmission and MV distribution network projects. Transmission and distribution are two key stages in the delivery of electricity from generation sources to end-users. Transmission focuses on moving bulk electricity over long distances through EHV/ HV transmission networks, while distribution steps down the voltage and delivers electricity through MV distribution networks to local areas and individual consumers. The Group specialises in providing engineering, procurement and construction (EPC) management services for T&D projects including: Project design, supplying, installing,
Singapore's OIP Helps Companies De-Risk AI Adoption
Earlier this year, Singapore Budget 2026 outlined a continued push to embed artificial intelligence across the economy, including the establishment of a National AI Council, expanded support for AI-related expenditure and solutions, and measures to build practical AI capabilities across firms and the workforce through the National AI Impact Programme. Last week's IMF Article IV consultation on Singapore also highlighted technology adoption, including artificial intelligence, alongside skills development, as central to productivity and medium-term growth, particularly amid an uncertain external environment. In practice, this places greater emphasis on how companies translate access to technology into execution, where solutions need to be tested, integrated and scaled within operating
Weekly:UOB, Singtel & The Hour Glass lead Buybacks
Over the five trading sessions through 23 July, 13 primary-listed companies repurchased a combined S$22.5 million of their shares through market acquisitions. Activity was led by $UOB(U11.SI)$ , which bought back 313,500 shares for S$13.4 million, followed by $Singtel(Z74.SI)$ with S$5.6 million of repurchases. $TheHourGlass(AGS.SI)$ was also active, acquiring 229,000 shares for S$630,000. On 16 July, KGI Securities initiated coverage of The Hour Glass with an Outperform rating and a target price of S$3.94. The report highlighted the group's access to allocation-constrained brands such as Rolex, Patek Philippe and Audemars Piguet, its debt-free balance shee
8-week Rally: STI Gained 1.43% as Gold, Shipbuilding, and Energy SDRs Lift the Index
1. Weekly Recap $Straits Times Index(STI.SI)$ gained 1.43% and closed at 5,588.34, as strength in gold proxies, Yangzijiang Shipbuilding, and Thai/Chinese energy SDRs offset weakness in Tencent and Indonesian financials. Sectors: Gold (+16.02%) led on safe-haven demand and precious-metals momentum. Health Care Equipment (+14.39%) surged on med-tech innovation. Broadline Retail (+12.91%) advanced on consumer reopening, while Food Distributors (+11.41%) tracked resilient grocery demand. 10 Popular Stocks: $YZJ Shipbldg SGD(BS6.SI)$ +10.19% — The Chinese shipbuilder extended its rally on strong order-book momentum and Southeast Asia defense-spending tailwinds. $S