To The Moon

Singapore stocks ended higher this week. The benchmark Straits Times Index (STI) gained 4.29 per cent or 35.41 points to finish at 5,469.29. In terms of individual stocks,$UOB Kay Hian(U10.SI)$ surged nearly 13%; $UOB(U11.SI)$, $PanUnited(P52.SI)$ soared over 10%; $OCBC(O39.SI)$ gained 8%; $DBS(D05.SI)$ climbed over 5%. Market News Singapore Banks Hit Record Highs on Improved Sentiment and Earnings Outlook Local lenders hit new highs this week., $DBS(D05.SI)$ gained 5.5% to S$70.45, $

Market Snapshot Singapore stocks opened lower on Tuesday. STI fell 0.26%; $YZJ Shipbldg SGD(BS6.SI)$ rose 1.76%; $Keppel(BN4.SI)$ rose 1.29%. Stocks in Focus $SGX(S68.SI)$: SGX has divested its wholly owned subsidiary, Scientific Beta, to global index provider Stoxx for a consideration of about 23 million euros (US$26.3 million), the local bourse operator said on Wednesday. The transaction is part of the group’s efforts towards active portfolio management and capital allocation. Shares of SGX fell 0.7 per cent or S$0.16 to close at S$24.01 on Wednesday. $AIMS APAC Reit(O5RU.SI)$: The real estate investment trust

Market Snapshot Singapore stocks opened higher on Thursday. $Solidion Technology Inc.(STI)$ rose 0.65%; $OCBC Bank(O39.SI)$ rose 1.2%; $Genting Sing(G13.SI)$ rose 0.8%. Stocks in Focus $SGX(S68.SI)$: SGX has divested its wholly owned subsidiary, Scientific Beta, to global index provider Stoxx for a consideration of about 23 million euros (US$26.3 million), the local bourse operator said on Wednesday. The transaction is part of the group’s efforts towards active portfolio management and capital allocation. Shares of SGX fell 0.7 per cent or S$0.16 to close at S$24.01 on Wednesday.

Market Snapshot Singapore stocks opened lower on Wednesday. $NIO Inc.(NIO)$, $SGX(S68.SI)$ and $Keppel(BN4.SI)$ fell 1%; $Wilmar Intl(F34.SI)$ rose 1%. Stocks in Focus $ESR REIT(9A4U.SI)$: The real estate investment trust (Reit) is set to buy five freehold logistics properties in Melbourne, Australia, for A$276.8 million (US$192.4 million). The acquisition will increase its distribution per unit by 4.3 per cent on a pro forma basis, the Reit’s manager said on Tuesday. The properties will be acquired from Frasers Property. The manager noted that the Australian logistics s

Market Snapshot Singapore stocks opened higher on Tuesday. $NIO Inc.(NIO)$ rose 1.62%; $Genting Sing(G13.SI)$ rose 0.81%; $Sembcorp Ind(U96.SI)$ rose 0.7%. Stocks in Focus $DFIRG USD(D01.SI)$: Current group chief financial officer Tom van der Lee has been appointed as CEO (Food), with group finance director for planning and reporting, Kaizhi Wu, set to take his place. Both changes will take effect on Aug 1, said DFI on Monday. As a result of van der Lee’s appointment and subject to board approval, he will cease his duties as a DFI director. Shares of DFI fell 0.3 per cent to close US$0.01 lower at S$3.65 on Monday,

Market Snapshot Singapore stocks opened flat on Monday. $SATS(S58.SI)$ fell 1.57%; $Sembcorp Ind(U96.SI)$ fell 1.34%. Stocks in Focus $SIA Engineering(S59.SI)$: The group on Friday announced that it signed a memorandum of understanding with Air India to explore opportunities to collaborate in maintenance, repair and overhaul (MRO) aspects. It will leverage SIA Engineering’s MRO and technical expertise, as well as Air India’s airline operations network, to jointly develop a world-class MRO ecosystem in India as part of the venture. Shares of SIA Engineering rose 0.3 per cent to close S$0.01 higher at S$3.47 on Friday before the news.

Singapore’s equities market posted strong gains this week, tracking a broader rally across regional markets. A weaker-than-expected U.S. nonfarm payroll report eased market concerns over monetary tightening risks. The Straits Times Index (STI) climbed more than 1% for the week, closing at a record high of 5,244.29 points. In terms of individual stocks, $UOB(U11.SI)$ gained over 1% this week to hit a record high. $DBS(D05.SI)$ rose more than 2% across the week, $OCBC Bank(O39.SI)$ advanced 1.8%, while $YZJ Shipbldg SGD(BS6.SI)$ climbed 1.7%. Market News New opportunities for Singapore businesses as Timor-Leste div

Market Snapshot Singapore Stocks Open Mixed on Friday; STI Edges Down 0.2%; JMH USD Climbs Over 1%; DBS Slips 0.4%; AEM SGD Drops 1.6%; UMS Falls Nearly 2%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Friday (Jul 3): $Frasers Property(TQ5.SI)$: Soon Su Lin will step down as the CEO of Frasers Property Singapore on Oct 1, transitioning to a group advisory role, the property group announced on Friday. She will be succeeded by Tan Wee Hsien, 55, who is scheduled to join the company as CEO-designate on Sep 8. Shares of Frasers Property ended at S$1.07 on Thursday, up 0.9 per cent or S$0.01. $EliteUKREIT GBP(MXNU.SI)$: The manager of the real

Market Snapshot Singapore stocks opened higher on Thursday. STI rose 0.26%; AEM SGD drops over 4%, UMS falls more than 3%, and Singtel edges lower; Kep Infra Tr gains nearly 1%, while UOL, DBS, and OCBC see modest rises. Stocks in Focus $City Developments Ltd(C09.SI)$ (CDL): A tie-up between City Developments Ltd (CDL) and Hong Realty on Thursday has placed the top bid of S$542.4 million for a 99-year leasehold private housing site in Peck Hay Road, a short walk from Newton MRT interchange station. The top bid works out to S$1,865.15 per square foot per plot ratio. The 80:20 joint venture between CDL and Hong Realty plans to develop a 39-storey residential tower with about 380 units. Shares of CDL on Thursday ended at S$8.23, S$0.04 or 0.5 per c

Market Snapshot Singapore stocks opened higher on Wednesday. STI rose 0.32%; UMS rose more than 2%; AEM SGD, Singtel up over 1%; Kep Infra Tr, JMH USD slips nearly 1%；DBS, OCBC Bank saw slight declines. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 1): $Frasers Cpt Tr(J69U.SI)$ : The real estate investment trust (Reit) is divesting White Sands mall for S$467 million, which represents an 8.4 per cent premium over a May 31 independent valuation. The divestment of the Pasir Ris mall is expected to be completed around Sep 30. The manager on Tuesday said it intends to use the estimated net proceeds of about S$454.1 million to repay debt, after accounting for divestment-rela