To The Moon

Market Snapshot On Monday, Singapore's STI opened flat. $AEM SGD(AWX.SI)$ surged nearly 5% in early trade, while UMS gained over 1%. DBS, OCBC Bank and UOL edged higher, whereas JMH USD fell over 0.5% and Singtel slipped 0.2%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Monday (Sep 21): Suntec Reit : The real estate investment trust (Reit) will focus on the growth of its Singapore assets while reducing its overseas exposure, starting with Australia. The Reit’s manager on Monday said it intends to sell three properties in Australia, located at 177 Pacific Highway, 21 Harris Street and 477 Collins Street. This follows a strategic review of its portfolio after the change of its s

This week, Singapore stocks continued to pull back, with the STI posting a weekly decline of 0.7%. Among individual stocks, $Bumitama Agri(P8Z.SI)$ surged more than 21% for the week, while $First Resources(EB5.SI)$ gained over 17%. On the downside, $IHH(Q0F.SI)$ plunged more than 11%, and $DFIRG USD(D01.SI)$ fell 10.86%. In addition, $YZJ Shipbldg SGD(BS6.SI)$ rose 3.82% for the week, $ST Engineering(S63.SI)$ added 1.86%, and $UOB(U11.SI)$ gained 1.26%.

Market Snapshot Singapore stocks opened lower on Friday. STI fell 0.3%; ST Engineering up over 4%; CityDev, YZJ Maritime, Frencken, PC Partner, AEM SGD up over 2%. Stocks in Focus $Banyan Group(B58.SI)$: The hospitality firm announced on Thursday a strategic partnership with Newmark Hotels & Reserves, a Cape Town-headquartered hospitality management company, and the acquisition of a majority stake in Newmark under a phased ownership structure leading to full ownership over time. Newmark has a managed portfolio of 26 hotels, lodges and reserves across seven countries. Shares of Banyan Group ended flat at S$0.495 on Thursday. $Multi-Chem(AWZ.SI)$: The mainboard-listed IT distribution firm announced

Market Snapshot Singapore stocks opened higher on Thursday. STI rose 0.3%; Bumitama Agri, ThaiBev, Seatrium Ltd, UOB up around 1%; First Resources, Olam Group, StarHub down around 1%. Stocks in Focus $Ultragreen.ai(UGS.SI)$: The group on Wednesday said it is still focused on maintaining US market share despite a competitive environment. It is “actively engaging” with distribution partners in the US amid its broader growth strategy. This comes after pharmaceutical competitor Zydus Lifesciences secured regulatory approval for its indocyanine green dye in August. Its statement on Wednesday comes ahead of its third-quarter financial results, set to be released before market open on Oct 29. The stock ended flat at US$0.555 on Wednesday, prior to the

Market Snapshot Singapore stocks opened higher on Wednesday. STI rose 0.14%; Golden Agri-Res, China Aviation, Hong Leong Asia, Cent Accom REIT, OCBC Bank up around 1%; Singtel, iFast, SATS down slightly. Stocks in Focus $Singapore Airlines(C6L.SI)$ (SIA): The national carrier on Tuesday said its passenger traffic for August was up 1.5 per cent year on year at 13.8 million revenue passenger-kilometre on “healthy demand”. Its passenger capacity rose 3.5 per cent to 16 million available seat kilometres, and the number of passengers carried was up 3.6 per cent at 3.7 million across the same time frame. Growth in both passenger traffic and capacity was mainly in East Asia, Europe and the South-west Pacific. The counter closed 0.3 per cent or S$0.02 l

Market Snapshot Singapore stocks opened lower on Tuesday. STI fell 0.3%; Bumitama Agri down over 2%; SGX, Seatrium, Genting Sing, SIA down nearly 1%; YZJ Maritime, Kep Infra Tr up nearly 1%. Stocks in Focus $Sats(S58.SI)$: The group inked a memorandum of understanding with KLN Logistics on Monday to advance temperature-controlled and time-critical shipments. They will focus on end-to-end handling solutions supporting the transport and storage of sensitive cargo, and expedited shipments. The aim is to jointly develop and scale solutions across networks in Asia, Europe and the Americas, allowing the end-to-end supply chain to be more connected. $Yangzijiang Shipbuilding(BS6.SI)$: According to shipbroker

Market Snapshot Singapore stocks opened lower on Monday. STI fell 0.3%; SGX down 2.6%; Singtel, UOL, Seatrium, iFast, CityDev down around 1%; PanUnited, Haw Par up nearly 2%. Stocks in Focus $Singtel(Z74.SI)$: Singtel-owned telecom carrier Optus experienced an outage on its network on Friday, which affected users across three states and disrupted some emergency services calls. The 76-minute technical glitch affected Optus voice calling services in parts of Victoria, South Australia, Tasmania states and the Northern Territory. Optus apologised on Saturday. SG Local News SGX Securities Trading Value Climbs 35% on Year in August on Retail Buying, STI Rally The securities daily average value (SDAV) on the Singapore Exchange (SGX) jumped 35 per cent

Singapore stocks fell this week, with the STI down 1.8%, with investors cautious over fresh conflict in the Strait of Hormuz and a second consecutive day of oil rising above US$100 per barrel. In terms of individual stocks, $Top Glove(BVA.SI)$ up 22%; $AEM SGD(AWX.SI)$ up 12%; $Ambiq Micro(AMQ.SI)$ up 9%; $Frencken(E28.SI)$, $PC Partner(PCT.SI)$ up around 6%; $OCBC(O39.SI)$, $DBS(D05.SI)$, $UOB(U11.SI)$ fell around 2%. Market News Grab

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.2%; D05 fell 0.2%; U11 rose 0.37%; O39 rose 0.6% Stocks in Focus $SGX(S68.SI)$: The securities daily average value on the exchange rose 35 per cent year on year in August to S$2.2 billion, driven by robust retail interest in real estate investment trusts and small to mid-cap stocks, alongside a record-breaking rally in the Straits Times Index. The total securities market turnover for the month rose 29 per cent year on year to S$43.3 billion. SGX shares fell 0.4 per cent or S$0.10 to close at S$24.68 on Thursday. $Oiltek(HQU.SI)$: Oil prices rose more than 6 per cent on Thursday, with both Brent and West Texas Intermediate (WTI)

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 0.4%; Keppel fell 1%; SIA fell 0.9%; Singtel fell 0.7%; DBS fell 0.6%. Stocks in Focus $DBS(D05.SI)$: The local bank on Wednesday said it “categorically rejects” a S$1.298 billion claim for damages in a lawsuit filed by several entities linked to the 1Malaysia Development Berhad scandal. DBS has consulted various legal advisers on this matter and also assessed that no provisions are required at this stage. DBS shares ended Wednesday at S$77.50, down 0.8 per cent or S$0.60, before its bourse filing. $KOREReitUSD(CMOU.SI)$: The manager of the Reit announced on Wednesday that it has secured a new S$120 million loan facility. Upon drawdo