To The Moon

Market SnapshotSingapore stocks opened higher on Tuesday. STI up 0.2%; Sembcorp up 1.7%; Seatrium up 1.6%.Stocks to Watch$SEMBCORP INDUSTRIES LTD(U96.SI)$: The energy and urban development company on Monday joined the Dow Jones Sustainability Index as the sole new entrant from Singapore. This came as part of S&P Dow Jones Indices’ annual review of its Dow Jones Sustainability Indices which are grouped by themes, including Asia-Pacific and emerging markets. Shares of Sembcorp closed S$0.01 or 0.2 per cent higher at S$5.35, before the news. $F & N(F99.SI)$: Its board chairman Charoen Sirivadhanabhakdi, 80, will retire from office on Jan 16, 2025, announced the group on Tuesday. He will be a

Market SnapshotSingapore stocks opened higher on Monday. STI up 0.3%, SingPost fell 8%, Nio up 0.2%.Stocks to Watch $Top Glove(BVA.SI)$: The glove manufacturer last Friday posted a net profit of RM5.5 million (S$1.7 million) for the first fiscal quarter ended November, reversing the prior year’s Q1 net loss of RM57.7 million, amid higher sales volume and healthier margins. Shares of Top Glove on the Singapore bourse closed 4.8 per cent or S$0.02 lower at S$0.40, after the results announcement. $TalkMed(5G3.SI)$: The tertiary healthcare services provider on Monday announced that it received a privatisation proposal from TW Troy, a special purpose vehicle managed by Tamarind Health. The offer is made by

Singapore shares fell this week, with the $STI(STI.SI)$ down 2.4% in the last five trading days.$HPH Trust SGD(P7VU.SI)$ rose 12.2% this week; $Frasers HTrust(ACV.SI)$ rose 5%; $Riverstone(AP4.SI)$ rose 4.81%.$JMH USD(J36.SI)$ fell 7.07%; $Top Glove(BVA.SI)$ fell 6.98%; $Sri Trang Agro(NC2.SI)$ fell 6.29%.Market NewsSingapore Stocks’ Best Year Since 2017 Masks Downbeat OutlookSingapore’s main stock index is on track to have its best annual performance since 2017, but any celebrat

Market SnapshotSingapore stocks opened lower on Friday. STI fell 0.5%, SingPost rose 0.9%, UOB fell 1.1%, OCBC fell 0.9%.Stocks to WatchCDL Hospitality Trusts (CDLHT): The stapled group is venturing into the student accommodation business for the first time with the purchase of Benson Yard, a purpose-built student accommodation (PBSA) in Liverpool. The PBSA and the adjacent vacant land were both acquired for £37.3 million (S$63.9 million), announced its managers on Thursday. Stapled securities of CDLHT closed flat at S$0.85, before the announcement.Cromwell European Real Estate Investment Trust (Cromwell E-Reit): The Reit is divesting two office assets in Italy for 20.9 million euros (S$29.6 million), which its manager on Friday noted to be a blended 7.7 premium over latest valuations. Thi

Market SnapshotSingapore stocks opened lower on Thursday. STI fell 0.4%, DBS rose 0.4%, UOB fell 0.8%, Seatrium fell 1%, Nio fell 4%, KepPacOak fell 6.8%.Stocks to WatchAsia-Pacific Strategic Investments : The Catalist-listed company has agreed to operate and manage two airports in Timor-Leste, marking its potential entry into the aviation infrastructure sector. On Wednesday, the group said its proposed diversification will require the approval of shareholders. Shares of Asia-Pacific Strategic Investments closed flat at S$0.001 on Tuesday before it requested a trading halt the following morning. The counter resumes trading on Thursday. SG Local NewsSingapore among top 3 busiest international flight routes in 2024: reportSingapore is on three of the world’s busiest international flight rout

Market SnapshotSingapore stocks opened lower on Wednesday. STI fell 0.2%, Cosco rose 0.7%, Sembcorp rose 0.2%.Stocks to WatchCosco Shipping : The logistics management service provider began work on Phase Two of its logistics hub on Jurong Island on Tuesday. Upon completion, the hub’s capacity will be nearly double of what it is at present, with an additional 2.5 hectares of land and approximately 62,500 square metres of built-up area. The expanded portion of the facility aims to address the growing demand for specialised logistics services serving the petrochemical and chemical sectors on the island, which houses Singapore’s major petrochemical hub. Shares of Cosco Shipping closed 0.8 per cent or S$0.001 higher at S$0.135, before the announcement.Keppel DC Real Estate Investment Trust (Rei

Market SnapshotSingapore stocks opened lower on Tuesday. STI fell 0.4%, SIA fell 0.8%, Clar fell 0.8%, OUEREIT rose 1.8%.Stocks to WatchCapitaLand Ascendas Reit (Clar): The real estate investment trust is proposing to acquire logistics property DHL Indianapolis Logistics Center in Whiteland, Indianapolis, Indiana, for S$150.3 million. This will also represent Clar’s first sale and leaseback acquisition in the US, said the manager on Tuesday. Units of Clar closed flat on Monday at S$2.55.Cromwell European Real Estate Investment Trust (Cromwell E-Reit): The Reit’s manager said on Tuesday it will refinance office loans early with a higher all-in interest rate facility. The European-focused Reit entered into a new five-year and one-month secured debt facility agreement for an aggregate amount

Market SnapshotSingapore stocks opened higher on Monday. STI rose 0.1%, SIA rose 0.3%, UOB fell 0.5%; YZJ Shipbldg rose 2%.Stocks to WatchUOB : Its head of group corporate banking Leong Yung Chee will replace chief financial officer (CFO) Lee Wai Fai as CFO on Apr 22, 2025. The bank said on Friday that Lee is retiring from his CFO role after 20 years. Edmund Leong, who has specialised in the capital markets for 16 years, will take over from Leong as head of group corporate banking. Shares of UOB ended Friday  0.3 per cent or S$0.10 higher at S$37.35 before the news.CapitaLand Investment (CLI) : The real estate asset manager will acquire the property and corporate credit investment management business of Wingate Group in Australia for A$200 million (S$173 million), plus a three-year pe

Market SnapshotSingapore stocks rose this week, with the STI up 0.37% as China pledged further monetary easing to brace itself for more trade tensions with the United States.$Top Glove(BVA.SI)$ soared 7.5%; $YZJ Shipbldg(BS6.SI) rallied 7%; $Singtel(Z74.SI)$ rose 3.6%.Market NewsTop Glove Trims Attributable Loss in Fiscal 2024Top Glove (SGX:BVA) reported a lower loss attributable to owners of the parent for the year ended Aug. 31 of 64.9 million ringgit, compared to 925.2 million ringgit a year earlier, a filing with the Singapore Exchange said on Wednesday.Basic loss per share came in at 0.008 ringgit compared with 0.116 ringgit a year earlier. Revenue rose to 2.51 billion ringgit from 2.26 billion r

Market SnapshotSingapore stocks opened lower on Friday. STI fell 0.19%; Riverstone fell 1.9%; NIO fell 1.7%; Top Glove rose 1.25%.Stocks to WatchTHE following companies saw new developments that may affect trading of their securities on Friday (Dec 13): $Keppel DC Real Estate Investment Trust(AJBU.SI)$ (Reit): Its manager announced on Thursday that the Reit’s non-renounceable preferential offering was about 159.9 per cent subscribed. It received excess applications of 79.4 per cent, or for an extra 117.8 million units. Valid acceptances hit 80.5 per cent, or 119.5 million units. Thus, it will allot 28.9 million excess preferential offering units that were not validly accepted or not taken up to satisfy applications for excess preferen