To The Moon

Singapore stocks rose this week, with the STI up 0.9%, as geopolitical jitters subsided. Meanwhile, Singapore's key consumer price gauge rose 1.2% in December from a year earlier, official data showed on Friday. Headline inflation was 1.2% in annual terms in December, matched the poll forecast of 1.2%. For 2025, Singapore's core inflation averaged 0.7%, down from 2.8% in 2024. Headline inflation averaged 0.9% over the same period, down from 2.4% in the previous year. In terms of individual stocks, UOB rose 7.5%; OCBC rose 4.2%; NIO rose 1.9%; SIA and Keppel rose 1.1%; while DBS fell 0.8%; Singtel and SGX fell 1.1%; SIA Engineering fell 1.4%; Sembcorp fell 2.1%; Engineering and SingPost fell 2.5%; Seatrium fell 5.8%; Yangzijiang Shipbuilding fell 7%; Market News Singapore Core Inflation Rat

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.3%; Nio up 3%; UOB up 2%; UOL, SGX up 1%. Stocks in Focus $Prudential USD(K6S.SI)$: The insurer will pay RM1.5 billion (S$483 million) in cash to increase its stake in Prudential Assurance Malaysia to 70 per cent, from 51 per cent, it said on Thursday. Shares of Prudential closed flat at US$13.89 before the announcement. $Keppel(BN4.SI)$: The asset manager announced on Thursday that it signed a binding term sheet with a global telecommunications company to lease a fibre pair on the Bifrost Cable System for 25 years. Under the agreement, Keppel’s connectivity division will grant the telco an indefeasible right of use for the fibre pai

AIMS APAC REIT (AAREIT) has successfully issued $150 million in subordinated perpetual securities, carrying a 4.10% coupon rate. This issuance was executed under its established $750 million multicurrency debt issuance program. These perpetual securities, designated as Series 005 Perpetual Securities, were brought to market with DBS, OCBC, and UOB acting as the joint lead managers and bookrunners for the transaction. The securities are scheduled to be officially listed on the Singapore Exchange Securities Trading Limited (SGX-ST), with admission expected to take place at 9 a.m. on January 22. On January 21, units of AIMS APAC REIT concluded trading one cent lower, representing a decline of 0.649%, to close at $1.53. $(O5RU.SI)$

On January 22, Frasers Hospitality unveiled Modena by Fraser Shenzhen, a premium rental apartment complex in Shenzhen's Luohu district featuring 325 rooms. This launch signifies the debut of the refreshed Modena by Fraser brand experience and represents the group's inaugural investment in the premium rental apartment market. The 16-story property is housed within the 54-story Shennan 1001 building and is under the management of Frasers Hospitality. The asset, secured on a 40-year lease that runs until 2057, was acquired in a joint venture with Tishman Speyer in May 2023. Modena by Fraser Shenzhen provides nine distinct room types, ranging from compact studios spanning 269 to 334 square feet to more spacious two-bedroom executive apartments measuring between 947 and 1,109 square feet. The a

Seatrium finds itself embroiled in another legal dispute. Shortly after finalizing an agreement with Maersk for an offshore wind farm project, the company has initiated arbitration proceedings against its project partner Aibel, seeking 180 million euros due to disagreements over revenue and cost allocation. In a countermove, the Norwegian firm Aibel is filing a claim for 113 million euros. The origins of the dispute trace back to 2019, when Keppel Offshore and Marine, prior to its merger with Sembcorp Marine to form Seatrium, secured a contract to construct the 900MW DolWin 5 offshore converter platform. Keppel O&M won this contract as part of a consortium with Aibel, with TenneT Offshore acting as the customer. According to an announcement from Keppel on May 7, 2019, the company's sha

Singapore's construction demand is projected to reach between $47 billion and $53 billion in nominal terms for 2026, maintaining the same forecast range as for 2025. This sustained demand will be fueled by major projects including the development of Changi Airport Terminal 5, the expansion of Marina Bay Sands, the construction of the New Tengah General & Community Hospital, and the Downtown Line 2 extension, according to National Development Minister Chee Hong Tat on January 22. Looking further ahead, annual construction demand is anticipated to range from $39 billion to $46 billion each year from 2027 through 2030, consistent with the medium-term outlook provided last year for the period of 2026 to 2029. "However, we must guard against complacency," Chee stated in his opening address

Oversea-Chinese Banking Corporation (OCBC) (SGX:O39) is creating a specialized securities financing unit to serve its institutional clientele. The new division will enable institutional customers to generate fee-based revenue by lending their underutilized securities portfolios. Clients of the bank, along with those of its subsidiaries OCBC Securities, Bank of Singapore, and Great Eastern, will gain access to this service for lending their equity and fixed income holdings. OCBC emphasizes that it is the pioneering Singaporean bank to provide such an offering. "Efficient access to liquidity and optimal capital deployment have become paramount, particularly amid heightened market volatility," stated Kenneth Lai, Head of Global Markets at OCBC. Lai noted a significant increase in institutiona

Market SnapshotSingapore stocks opened higher on Thursday. STI rose 0.7%; CityDev up 2%; Seatrium, UOB, SGX, DBS up 1%.Stocks in FocusToku: The customer experience platform made its trading debut on the Catalist board on Thursday, making it Singapore’s second listing of the year. It had offered 63 million placement shares and two million public offer shares, which gave it a market capitalisation of about S$142.6 million.$AIMS APAC Reit(O5RU.SI)$: The trustee of AA Reit, HSBC Institutional Trust Services (Singapore), on Wednesday issued S$150 million of subordinated perpetual securities carrying a distribution rate of 4.1 per cent. The perps are expected to be listed on the Singapore Exchange at 9 am on Thursday. Units of AA Reit ended S$0.01 or

The OCBC SME Index climbed to 50.8 in the fourth quarter of 2025, a slight increase from the 50.5 reading observed over the previous two quarters, marking its third straight quarter in expansionary territory. According to Elaine Heng, OCBC’s head of global commercial banking, externally oriented small and medium-sized enterprises (SMEs) generally outperformed those focused on the domestic market. Mirroring the third quarter, SMEs in sectors such as manufacturing, information and communications technology (ICT), and wholesale trade continued to be the primary growth drivers. Heng noted that while the growth momentum from the fourth quarter could extend into the initial months of 2026, the full-year outlook for 2026 is likely to moderate due to a high base of comparison from 2025, coupled wi

Market SnapshotSingapore stocks opened lower on Wednesday. STI down 0.6%; SingPost down 2.5%; NIO fell 1.5%; UOL, UOB down 1%.Stocks in Focus$SIA(C6L.SI)$: The national carrier on Tuesday announced that it launched and priced S$500 million in aggregate principal amount of notes due 2036. The notes, which are under the national carrier’s S$10 billion Multicurrency Medium Term Note Programme, will carry a fixed interest rate of 2.7 per cent per annum. They are expected to be issued on Jan 30. Shares of SIA closed 0.5 per cent or S$0.03 higher at S$6.40, before the announcement.$Frasers L&C Tr(BUOU.SI)$: The manager of the trust on Tuesday said that it will hold an annual general meeting on Jan 26,