SG Morning Call | CapitaLand and IOI Close to Buying Singapore $1.9 Billion Office Towers, Bloomberg Reports
Market Snapshot Singapore stocks opened lower on Friday. STI fell 0.5%; OCBC fell 1%; UOB fell 0.7%;Singtel fell 0.5%; DBS fell 0.4%. Stocks in Focus $Jardine Cycle & Carriage Limited(C07.SI)$: JC&C announced on Friday that it has entered into a conditional share and asset purchase agreement to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia to CCHPL Holdings, a wholly owned subsidiary of Indonesia’s Chandra Asri Pacific. The estimated base purchase price payable in cash is around S$265 million. Shares of JC&C ended at S$27.50 on Thursday, 1.2 per cent or S$0.32 higher. $Creative Technology(C76.SI)$: The technology group on Thursday pos
SG Morning Call | Singapore to Offer Tax, Visa Incentives for Fund Sector to Rival Hong Kong
Market Snapshot Singapore stocks opened lower on Thursday. STI fell 04%; Sats fell 6%; SIA fell 0.7%; OCBC fell 0.6%; DSB fell 0.4%. Stocks in Focus $OCBC(O39.SI)$: The bank announced on Thursday that it has priced £1 billion (US$1.4 billion) in aggregate principal amount of floating rate covered bonds due 2029. The covered bonds will bear interest at the compounded daily Sterling Overnight Index Average rate, plus 0.48 per cent per annum payable quarterly in arrear. The bonds are expected to be issued on Aug 26 and listed on the Singapore Exchange (SGX) on Aug 27. Shares of OCBC ended at S$30.94 on Wednesday, S$0.01 or 0.03 per cent lower. $Sats(S58.SI)$: The company on Wednesday posted a S$75.1 mill
Market Snapshot Singapore stocks opened lower on Wednesday. STI fell 0.7%; OCBC fell 1.6%; Singtel fell 1.4%; UOB fell 0.7%; DBS fell 0.5%. Stocks in Focus $UMS Integration(558.SI)$: The group announced on Tuesday that the company’s wholly owned subsidiary in Singapore, UMS International, has incorporated a wholly owned subsidiary in Vietnam, UMS Vietnam Integration Company, with an issued and paid-up share capital of US$2 million. Shares of UMS ended at S$2.82 on Tuesday, S$0.05 or 1.7 per cent lower. $Koh Brothers Eco Engineering(K75.SI)$: Shareholders of Koh Brothers Eco Engineering voted in favour of moving the company from the Catalist to the mainboard of the Singapore Exchange in an extraordinar
SG Morning Call | SIA Group’s July Passenger Traffic Grows 2.6% Amid Growing Passenger Capacity
Market Snapshot Singapore stocks opened lower on Tuesday. STI fell 0.6%; SGX fell 1.7%; Singtel, OCBC, and SIA fell 0.9%; DBS fell 0.8%; UOB fell 0.7%. Stocks in Focus $ST Engineering(S63.SI)$: The impact of the Middle East war, alongside higher fuel and logistics costs, is assessed to be ”not material at the group level”, said ST Engineering chief executive officer Vincent Chong on Thursday at the group’s annual general meeting (AGM). He added that less than 3 per cent of the group’s FY2025 revenue came from the Middle East. Shares of ST Engineering closed 2 per cent or S$0.22 lower at S$11.03 on Thursday. $CapLand IntCom T(C38U.SI)$: posted on Friday a 7.9 per cent rise in net property income (NPI)
SG Morning Call | UOB’s Digital Wealth Sales, Transactions Jump Almost 50% as Clients Invest More Online
Market Snapshot Singapore stocks opened lower on Monday. STI fell 0.8%; Sembcorp Ind rose 1%; UOB fell 0.2%; Keppel, OCBC, DBS fell 0.3%; Singtel fell 0.5%. Stocks in Focus $Straits Trading Company(S20.SI)$: The group on Friday posted a net loss of S$11.1 million for the first half ended Jun 30, narrowing from a net loss of S$40.8 million in the same year-ago period. This was mainly due to stronger performance by the company’s resources segment, and the absence of non-cash remeasurement loss on the exchangeable bonds recognised in H1 the year prior. Revenue for H1 was up 49.5 per cent on the year to S$400 million, from S$267.5 million. The counter closed unchanged at S$1.62 on Friday, before the release of the results.
SGX Weekly Review | STI Rises 0.8%; Yangzijiang Shipbuilding Surges 10%; OCBC Jumps 5%; UOB, SIA Drop 4%
Singapore stocks rose this week, with the STI up 0.8%. Investors reacted positively to the possibility of the US Federal Reserve choosing not to raise interest rates in September. In terms of individual stocks, Yangzijiang Shipbuilding rose 10%; Genting Singapore rose 7.3%; ST Engineering rose 6.2%; OCBC rose 4.9%; Sembcorp rose 4.1%; Singtel rose 3.5%; SGX rose 3%; Keppel rose 1.3%; Sats fell 2.7%; UOB fell 3.5%; SIA fell 3.6%; Wilmar and YZJ Maritime fell 4.8%. Market News Singapore Raises 2026 Growth Forecast on AI Boom After Robust Q2 GDP Singapore raised its economic growth forecast for 2026 on Tuesday, saying a stronger-than-expected global artificial intelligence investment boom and a milder impact from the Middle East war should support activity in the second half of the year. The
SG Morning Call | STI falls 0.36%, UMS surges over 7%, AEM SGD up nearly 5%, UOL drops more than 3%
Market Snapshot Singapore’s stock market opened mixed on friday, with the STI index down 0.36%. UMS surged more than 7% and AEM SGD gained nearly 5%, while UOL fell over 3% and JMH USD dropped more than 1%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Friday (Aug 14): $ThaiBev(Y92.SI)$: The company on Thursday reported a 1.8 per cent dip in revenue to 254 billion baht (US$7.7 billion) for the nine months ending Jun 30, compared with the year-ago period. The decline was led by its beer segment, where revenue dropped 5.3 per cent to 91.3 billion baht. The decline was attributed to unfavourable foreign exchange translation effects and a slight slowdown in the Thai market. Shares of Thai
SG Morning Call | Singapore Stocks Open Mixed Thursday; STI Edges Up 0.09%, AEM SGD Surges Nearly 8%
Market Snapshot Singapore stocks opened mixed on Thursday, with the Straits Times Index (STI) edging up 0.09%. On the upside, $AEM SGD(AWX.SI)$ surged nearly 8%, while UMS climbed over 2%. On the downside, UOL fell more than 2%, and both JMH USD and Singtel declined by over 1%. OCBC Bank dipped 0.6%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Thursday (Aug 13): $Singtel(Z74.SI)$: The telco on Thursday reported a 71.6 per cent fall in first-quarter net profit to S$818 million. It attributed the decline to exceptional gains from the sale of a partial stake in Airtel and the Intouch-Gulf Energy merger in the same quarter last year. Underly
SG Morning Call | STI Slips 0.07%; AEM SGD, UOL Up Over 1%, DBS Adds 0.3%; JMH USD Drops 1.6%
Market Snapshot Singapore shares opened lower across the board on Wednesday, with the Straits Times Index dipping 0.07%. $AEM SGD(AWX.SI)$ and UOL advanced more than 1% each, DBS rose 0.3%, while JMH USD declined 1.6%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 12): $CapLand IntCom T(C38U.SI)$: The trust on Wednesday posted a distribution per unit (DPU) of S$0.0602 for its first half ended Jun 30, up 7.1 per cent year-on-year. The DPU growth was supported by stronger operating performance and lower interest expenses, and achieved despite an enlarged unit base following a private placement in April. Distributable income fo
SG Morning Call | STI dipped slightly; O39 gained 1.8%, while A7RU and U14 rose nearly 1%
Market Snapshot Singapore stocks open mixed on Tuesday; $OCBC Bank(O39.SI)$ gains 1.8%, $Kep Infra Tr(A7RU.SI)$ and $UOL(U14.SI)$ rise nearly 1%; JMH USD falls nearly 1%, Singtel slips about 0.5%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 11): $UOB Kay Hian(U10.SI)$: The brokerage on Friday posted a 66 per cent surge in net profit to S$164.7 million for the first half of FY2026 ended June, driven by higher trading volume and revenue growth. Revenue rose 41.8 per cent to S$481.1 million, and interest income grew 19.9 per cent to S$137.