To The Moon

Singapore stocks rose this week, with the STI up 1.6%, as investors responded positively to hopes of the US and Iran reach a deal to end hostilities. In terms of individual stocks, ST Engineering rose 8.7%; SGX rose 6%; DBS rose 3.2%; Keppel rose 2.9%; SIA rose 2.7%; OCBC rose 2.6%; Sembcorp rose 1.3%; UOB rose 1.1%; Yangzijiang Shipbuilding and Singtel fell 4.8%; Wilmar fell 5.5%; NIO fell 13.6%. Market News Singapore Tops Indonesia as Biggest Southeast Asia Stock Market Singapore has overtaken Indonesia as Southeast Asia's largest stock market, signaling investors’ endorsement of the city-state's market reforms and their diminishing confidence in the larger country’s economic management. Singapore's market capitalization has climbed to $645 billion, while that of Indonesia has fallen by

Market Snapshot Singapore stocks opened higher on Friday. STI up 0.3%; Keppel up 4%; Genting Sing up 2%. Stocks in Focus Keppel : BN4: The group on Friday announced the termination of its proposed divestment of M1, as the sale and purchase agreement to divest M1 to Simba Telecom has terminated and ceased to have effect. This follows a Monday announcement by the Infocomm Media Development Authority that it has halted its assessment of the proposed M1-Simba consolidation until further notice. The counter closed on Thursday 1 per cent or S$0.10 higher at S$10.42. Nio : NIO: The electric vehicle maker reported on Thursday a net loss of 332.1 million yuan (S$62.5 million) for its first quarter ended Mar 31, narrowing from a net loss of about 6.8 billion yuan a year earlier. Revenue stood at 25

Market Snapshot Singapore stocks opened higher on Thursday. STI up 0.4%; Singtel down 2%. Stocks in Focus $Singtel(Z74.SI)$: On Thursday, it posted a net profit of S$2.2 billion for its second half ended Mar 31, down 20.9 per cent from S$2.8 billion in the year-ago period. Its H2 underlying net profit grew 10.6 per cent to S$1.4 billion as revenue rose 2.7 per cent to S$7.4 billion. Separately, Indonesian digital bank Superbank will be consolidated into Grab’s financial services segment, after Singtel transfers its stake in Superbank to GXS Bank, which is a joint venture between Grab and the telco, Grab announced on Wednesday. The counter closed 0.8 per cent or S$0.04 higher at S$5.02 on Wednesday. $CityD

Market Snapshot Singapore stocks opened lower on Wednesday. STI down 0.6%; YZJ Shipbldg down 3%; SATS down 2%. Stocks in Focus $HongkongLand USD(H78.SI)$: The property group posted a 5 per cent rise in underlying profit for its first quarter ended Mar 31, 2026, compared with the same period a year earlier. This was primarily due to lower net financing charges, offsetting reduced contributions from Singapore following the disposal of Marina Bay Financial Centre Tower 3 prior to the formation of its new fund, the group said on Tuesday. Shares of Hongkong Land closed at US$7.96 on Tuesday, down US$0.03 or 0.4 per cent, before the release of the results. $YZJ Shipbldg SGD(BS6.SI)$: The company on Tuesday

Singapore's equity market reached a new historic high as investors turned to defensive assets during the volatility triggered by the Iran war. The Straits Times Index advanced up to 1.1% on Tuesday, reaching 5,051.28 and exceeding its prior intraday peak from February 23. Key drivers of the increase were Thai Beverage PCL, Singapore Telecommunications Ltd., and CapitaLand Investment Ltd. The city-state's benchmark index has gained approximately 8.6% year-to-date, contrasting with a 0.3% drop in the MSCI Asean Index. This record was achieved even as a sell-off in technology stocks on Tuesday weighed on equity markets throughout Asia. In contrast to other Asian markets like South Korea or Taiwan, Singapore's rally has not been fueled by artificial intelligence hype. Its performance this year

Market Snapshot Singapore stocks opened higher on Tuesday. STI up 0.3%; Nio down 2.5%; SingPost down 1.5%. Stocks in Focus $CityDev(C09.SI)$: Kwek Leng Peck, cousin of CDL’s executive chairman Kwek Leng Beng, will take on the role of vice-chairman of the company’s board, and become a non-independent and non-executive director on Jun 1. A bourse filing on Monday said this move sees the 69-year-old rejoin the company after he resigned from the latter posts in October 2020. Shares of CDL closed S$0.02 lower or 0.3 per cent to reach S$7.84 on Monday, before the news. $Lendlease Reit(JYEU.SI)$: The manager of the trust on Monday posted a positive retail rental reversion of 12.2 per cent for the third quar

Hari Raya Haji is around the corner. The Singapore market will be closed on Wednesday, May 27 2026. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance. About Hari Raya Haji Hari Raya Haji commemorates Prophet Ibrahim's willingness to sacrifice his son as an act of obedience to God. Muslims don their finest attire, flock to mosques for prayers, and partake in the sacred 'korban' ritual. Sacrificing animals symbolizes Ibrahim's obedience, with the meat shared among contributors, loved ones, and those in need. This festival highlights compassion, generosity, and spiritual fulfillment, prioritizing these values over material indulgence. Social visits and shared meals further strengthen the bonds of community.

Market Snapshot Singapore stocks opened lower on Monday. STI down 0.5%; YZJ Shipbldg down 3%; Keppel, UOL down 2%. Stocks in Focus $Keppel(BN4.SI)$: The group said on Monday that it will remove the proposed divestment of its stake in M1’s telco business from its announced monetisation plans for 2025, after news of the Infocomm Media Development Authority halting the assessment of the proposed M1-Simba merger. Separately, Keppel announced on Friday a definitive 25-year deal with the global arm of Australian telco Telstra for a fibre pair on the Bifrost Cable System. Keppel’s shares ended Friday at S$10.60, down 0.9 per cent or S$0.10. $SingaporeLandGrp(U06.SI)$: Singapore Land Group (SingLand) announce

Singapore stocks rose this week, with the STI up 1.36%. In terms of individual stocks, $AEM SGD(AWX.SI)$ up 25%; $UMS(558.SI)$ up 22%; $Riverstone(AP4.SI)$ up 19%; $Genting Sing(G13.SI)$ fell 13%; $ComfortDelGro(C52.SI)$ down 10%. AEM quadruples Q1 profit to S$14.3 million, raises FY2026 revenue guidance by 20% Semiconductor test solutions provider AEM : AWX -6.66% posted S$14.3 million in net profit for the first quarter ended Mar 31, more than quadrupling from S$3.3 million in the year-ago period. The company also raised its FY2026 revenue guidance by 20 per cent to

Market Snapshot Singapore stocks opened lower on Friday. STI fell 0.07%; SIA up nearly 2% after earnings; AEM SGD up over 6%; UMS up over 5%; ThaiBev, CSE Global up over 2%; Singtel down 1%; Centurion down 4%. Stocks in Focus $Singapore Airlines(C6L.SI)$ (SIA): The flag carrier announced on Thursday evening that its earnings for its second half ended March more than halved year on year to S$945.5 million from S$2 billion. It attributed the 53.6 per cent reduction in H2 net profit largely to the absence of a one-off, non-cash accounting gain of S$1.1 billion. This was from the disposal of the Vistara airline and recognised in the year-ago period. SIA shares finished 0.2 per cent or S$0.01 lower at S$6.27, before the results were announced.