AEM Holdings Shares Tumble as US Chip Selloff Weighs on Singapore Stocks
Shares of Singapore-listed $AEM Holdings(AWX.SI)$ plunged as much as 11.7% in early trading on Thursday, tracking a sharp overnight selloff in US semiconductor stocks as concerns over potential restrictions on AI data-center development rattled the global chip sector. The selloff on Wall Street followed the US midterm elections, in which Democrats secured control of Congress and won the Texas governor's race. The results raised concerns that increased regulatory scrutiny or potential restrictions on data-center construction could slow the expansion of AI infrastructure, particularly in Texas, a major US data-center hub. The prospect of slower data-center development weighed heavily on companies supplying the AI infrastructure ecosystem, includin
SG Morning Call | Singapore Stocks Open Flat; DBS Falls Over 2% Post-Earnings, AEM SGD Plunges More Than 7%, UOL Rises 3%
Market Snapshot On Thursday, Singapore stocks opened flat. DBS fell more than 2% after its third-quarter profit declined and missed expectations, AEM SGD plunged over 7%, UMS dropped more than 5%, and OCBC Bank edged lower. On the other hand, JMH USD gained more than 1%, and UOL rose more than 3%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Thursday (Nov 5): DBS : The lender reported on Thursday a net profit of S$2.81 billion for the three months ended Sep 30, down 5 per cent from S$2.95 billion in the year-ago period. DBS said earnings growth was offset by lower markets trading income amid unfavourable equity market conditions. The latest net profit fell short of the S$2.95 billion consensus forecast from a Bloomberg survey o
SG Morning Call | STI Drops 0.6% in Early Trade; UOB Tumbles Over 5% on Q3 Earnings Miss
Market Snapshot Singapore stocks opened lower on Wednesday, with the Straits Times Index (STI) falling 0.6% in early trade. Among key movers, UOB dropped more than 5% after its third-quarter net profit fell short of expectations, while OCBC Bank declined nearly 1%. On the upside, AEM SGD rose 1.75% and JMH USD gained over 1%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Wednesday (Nov 4): UOB : The lender on Wednesday reported a 182.2 per cent year-on-year increase in net profit to S$1.25 billion for the third quarter ended 30 September 2026. The sharp rise was against a low base, following a 72 per cent plunge in the year-ago period, when UOB set aside S$1.36 billion in allowances for credit and other losses amid macroeconomic
SATS Shares Fall After Ground Services Provider Flags Work Pass Irregularities
$SATS(S58.SI)$ shares fell 2.7% after the airport ground services provider disclosed work pass-related irregularities involving workers employed by some of its contractors, following an internal audit. The company said it had identified the irregularities during a routine internal audit and had taken immediate action against the companies involved. It has also strengthened internal verification controls to ensure contractor workers are deployed in accordance with the conditions of their respective work passes. The disclosure came after Singapore's Ministry of Manpower said it was investigating contractors and subcontractors engaged by SATS over alleged work pass offences. SATS shares had ended unchanged at S$3.66 on Monday, before the company's
Singapore Stocks Fall 5.2% in October as Tech Index Plunges 17.3%
Singapore equities underwent a broad market correction in October, with technology stocks bearing the brunt of the sell-off and institutional investors withdrawing a net S$1.55 billion from the market, according to a report published by the Singapore Exchange (SGX) on Monday. The Straits Times Index (STI) recorded a 5.2% decline in total returns, while the iEdge Singapore Next 50 Index fell 6.8%. The FTSE ST All-Share Technology Index plunged 17.3%, making technology the worst-performing sector during the month. The iEdge S-REIT Index proved more resilient, declining 1.4%. Telecommunications stocks also generally experienced smaller losses than many technology counters. The correction came after a strong run in Singapore equities earlier in 2026 and coincided with declines across several m
SG Morning Call | STI Falls Over 0.1%; JMH USD Gains Over 1%, AEM SGD and UMS Drop Over 2%
Market Snapshot Singapore stocks opened slightly lower on Tuesday, with the STI down over 0.1%. JMH USD rose more than 1%, while DBS fell about 1%, OCBC Bank dropped 0.8%, AEM SGD declined 2.6%, and UMS fell 2.4%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 3): Wilmar : The agribusiness company said on Monday that Control Risks Group and Dentons Rodyk & Davidson had been appointed by the National Environment Agency (NEA) to assess Wilmar’s role in Indonesian forest fires and the transboundary haze. It added in a separate filing that it has submitted its first tranche of documents to NEA in response to the agency’s notice seeking information on its links to the haze. Shares of Wilmar ended S$0.06 or 2 per cent
Reminder: Singapore Stocks Will Be Closed on Monday, November 9, 2026 for Deepavali
Deepavali is around the corner. The Singapore market will be closed on Monday, November 9, 2026. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance. Deepavali Deepavali, also known as the Festival of Lights, is an important Hindu festival celebrated in Singapore and around the world. It symbolizes the triumph of light over darkness and good over evil. The festival is marked by prayers, family gatherings, festive meals and the lighting of oil lamps. In Singapore, Little India is traditionally decorated with colorful lights and festive displays to mark the occasion. Deepavali is a public holiday in Singapore. $(STI.SI)$$SS SPDR STI ETF(ES3.
SG Morning Call | STI Drops Over 1% in Early Trade; JMH USD, UOL Gain Over 1%, OCBC Bank Sheds More Than 3%
Market Snapshot On Monday, November 2, Singapore stocks opened lower, with the Straits Times Index (STI) down more than 1% in early trading. JMH USD and UOL rose over 1%, while OCBC Bank fell more than 3%. DBS and UMS declined over 2%, and AEM SGD was off 1.7%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Monday (Nov 2): Wilmar : The palm and oil company sold fertilisers and diesel products for heavy equipment to six companies in Indonesia that have been issued notices under Singapore’s haze law, the agribusiness disclosed in a bourse filing on Saturday. The revenue for such sales amounted to 371,289.9 million rupiah (US$22.5 million) for the financial year ended Dec 31, 2025, it said, responding to queries from Singapore Exch
SGX Weekly Review | STI Falls 0.84%; OCBC Bank Gains 1%; Haze Concerns Weigh on Plantation Stocks as First Resources Slumps Over 10%
Singapore Stocks End Week Lower; STI Drops 0.84% Singapore equities closed the week in negative territory, with the benchmark Straits Times Index (STI) falling 0.84% over the full week. Local Banks Mixed The three local banks posted mixed performances for the week. OCBC Bank gained 1%, while DBS declined 1.76% and UOB slipped 0.53%. Plantation Stocks Slump on Haze Concerns Singapore-listed plantation counters broadly retreated amid haze-related concerns. First Resources tumbled 10.6% for the week, Wilmar International fell 9.88%, Bumitama Agri dropped 6.75%, and Indofood Agri Resources lost 4.41%. Market News Singapore Q3 retrenchments rise to 4,800; resident unemployment edges up to 3%: flash data The number of layoffs rose to 4,800 in the third quarter, from 4,620 in Q2 – with Singapore’
SG Morning Call | Singapore Stocks Open Higher; Suntec Reit up over 2%; Keppel, Great Eastern, ThaiBev, ESR REIT, Mapletree Log Tr up Around 1%
Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.12%; Suntec Reit up over 2%; Keppel, Great Eastern, ThaiBev, ESR REIT, Mapletree Log Tr up around 1%. Stocks in Focus $CapitaLand Ascendas Real Estate Investment Trust(A17U.SI)$ (Clar): The trust on Thursday recorded higher rental reversion in the third quarter of 2026 amid its drive to reshape its industrial portfolio. Its rental reversion for Q3 came in at 9.9 per cent, up from 5.2 per cent in Q2, and 7.6 per cent the year before. For the first nine months of 2026, rental reversion was 9 per cent. Portfolio occupancy improved slightly, rising to 90.1 per cent as at Sep 30, up from 89.1 per cent in the preceding quarter. But occupancy was still lower than the 91.3 per cent re