To The Moon

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.12%; SingaporeLandGrp up over 2%; Golden Agri-Res, First Resources up over 1%; OCBC Bank, YZJ Shipbldg up within 1%. Stocks in Focus $City Developments Limited(C09.SI)$ (CDL) : The property developer on Thursday announced that it launched a S$2 billion multicurrency debt issuance programme. Net proceeds will be used to finance general working capital requirements and corporate funding of CDL and its subsidiaries, on top of refinancing existing borrowings. The perpetual securities will be offered in Singapore to institutional and accredited investors. Shares of CDL ended Thursday 1.8 per cent or S$0.15 lower at S$8.44, before the news. $S

Market SnapshotSingapore stocks opened flat on Thursday. STI rose 0.04%; HPH Trust, YZJ Shipbldg up around 2%; StarHub, YZJ Maritime up around 1%; Kep Infra Tr, CityDev down around 1%.Stocks in Focus$Seatrium(5E2.SI)$: The offshore and marine group said on Wednesday that it has launched a S$3 billion multicurrency debt issuance programme. The net proceeds will be used for refinancing existing borrowings, funding potential acquisitions and investments, working capital and capital expenditure requirements, as well as providing internal loans within the group. Shares of Seatrium ended at S$2.45, 1.2 per cent or S$0.03 lower, on Wednesday.$SIA Engineering(S59.SI)$: The company appointed Lim Sim Seng as de

Market Snapshot Singapore stocks opened lower on Wednesday. STI rose 1.18%; YZJ Maritime up over 4%; Keppel, SATS, SIA, iFast up over 2%; OCBC Bank, SIA Engineering, DBS up over 1%. Stocks in Focus $PSC Corporation(DM0.SI)$: The Securities Industry Council said on Tuesday that it will not take further action against PSC Corporation’s executive chairman Sam Goi for his 2023 breach of the Singapore code on takeovers and mergers. Goi broke rule 14.1(a) of the code, requiring persons with minimally 30 per cent of the company’s voting rights to immediately extend an offer to other shareholders, as he did not make a general offer for the group when his shareholding reached 30.23 per cent. The counter closed down 3.6 per cent or S$0.015 at S$0.405, bef

Market Snapshot Singapore stocks opened higher on Tuesday. STI rose 0.23%; Bumitama Agri, YZJ Maritime up around 2%; SingaporeLand, Frasers Property, YZJ Shipbldg up around 1%. Stocks in Focus $Singapore Airlines(C6L.SI)$ (SIA): Campbell Wilson, the chief executive of Air India, has resigned and is serving his notice period, according to local media. The Indian flag carrier is 25.1 per cent owned by SIA Group and has been grappling with the aftermath of a crash that killed 260 people last year. SIA’s share of losses from associated companies including Air India rose from S$163 million to S$178 million during the third quarter. $Keppel Infrastructure Trust(A7RU.SI)$: The manager of the trust announced

Market Snapshot Singapore stocks opened higher on Monday. STI up 0.3%; Nio up 3%; Singtel up 2%. Stocks in Focus $Olam Group(VC2.SI)$: The agri-food giant is selling its information technology and digital services unit, Mindsprint, to Wipro for US$375 million as part of a broader corporate reorganisation, it said on Monday. The sale is expected to close by end-June. The Singapore-based company also agreed to an eight-year contract to spend US$100 million annually with Wipro. Shares of Olam Group fell 0.6 per cent to close S$0.005 lower at S$0.86 on Thursday. $Geo Energy Res(RE4.SI)$: Geo Energy Resources announced on Thursday a proposed placement of up to 35,000,000 new ordinary shares to raise gross

Singapore stocks rose this week, with the STI up 1%. In terms of individual stocks, $Top Glove(BVA.SI)$ up 30%; $Bumitama Agri(P8Z.SI)$ up 11%; $TheHourGlass(AGS.SI)$, $CMS(8A8.SI)$ up 8%; $Shangri-La HKD(S07.SI)$ fell 10%; $AEM SGD(AWX.SI)$ fell 9%; Market News Top Glove Leads Rubber Glove Stocks Rebound on China-Led Price Hikes Shares of Malaysian glove manufacturers rebounded on Monday, with Top Glove Corporation Bhd leading gains, as higher average selling prices (ASPs) initiated by Chinese producers lifted sentiment acr

Market Snapshot Singapore stocks opened higher on Thursday. STI rose 0.56%; ValueMax up 1.85%; OUEREIT, ST Engineering, SGX, Singtel up around 1%; OCBC Bank, DBS up nearly 1%. Stocks in Focus $ST Engineering(S63.SI)$: It announced on Wednesday that its marine business has secured a six-year subcontract valued at an estimated S$600 million from Abu Dhabi Ship Building (ADSB), a shipbuilder based in the United Arab Emirates. The contract is for the design and supply of platform systems for a fleet of eight missile gun boats that ADSB is constructing for the Kuwait Naval Force. Shares of ST Engineering closed at S$11.10 on Wednesday, up S$0.29 or 2.7 per cent. $Nio(NIO.SI)$: The Chinese electric vehicle

Market Snapshot Singapore stocks opened lower on Wednesday. STI rose 1.91%; YZJ Shipbldg up over 4%; OCBC Bank, YZJ Maritime up around 3%; SGX, HPH Trust, iFast, SATS up around 2%. Stocks in Focus $OCBC(O39.SI)$: From May 1, the bank will lower the interest rate for its 360 Account to 4.45 per cent per annum on the first S$100,000, from the current rate of 5.45 per cent. The move, which marks the first time in 2026 that the lender has revised interest rates for its flagship savings, is “in line with broader market conditions”, an OCBC spokesperson said on Tuesday. OCBC shares closed 1.6 per cent or S$0.34 higher at S$21.97 on Tuesday, before the news. $Yangzijiang Shipbuilding(BS6.SI)$: The vessel mak

Market Snapshot Singapore stocks opened higher on Tuesday. STI up 0.18%; TJ DaRenTang, First Resources up 3%; YZJ Maritime, OCBC Bank, Sembcorp up around 1%. Stocks in Focus $OUE Limited(LJ3.SI)$: The company expects “material variances” between its unaudited interim financial statements for the financial year ended December 2025, released on Feb 27, and its audited financial statements, which will be released in due course. This comes as its share of losses from equity-accounted investees, as reported in the unaudited financial statements, is expected to be reduced by around S$58 million, the group said on Monday. The counter closed on Monday 2.7 per cent or S$0.03 lower at S$1.08, before the news. SG Local News Medical cost inflation in Singap

Market Snapshot Singapore stocks opened lower on Monday. STI fell 0.46%; Bumitama Agri up 7.65%; Sembcorp Ind, Kep Infra Tr up around 1%; YZJ Shipbldg down 1%; CapLand India Tr down 3%. Stocks in Focus $DBS(D05.SI)$: The group has entered India’s buoyant equity capital market, marking a push into one of the world’s busiest venues for share sales. The lender secured its first mandate in the country from Manipal Health Enterprises, which filed for an initial public offering last week that is expected to raise about US$1 billion. A DBS spokesperson confirmed the development, saying the bank has expanded into equity capital markets under its merchant banking licence in India and now has a fully operational investment banking platform in the country.