SG Morning Call | STI Opens Higher; AEM SGD rose more than 1%, OCBC Bank gained 0.9% and DBS climbed around 0.7%,
Market Snapshot
Singapore stocks opened higher on Monday. STI rose 0.11%; AEM SGD rose more than 1%, OCBC Bank gained 0.9% and DBS climbed around 0.7%, with JMH up nearly 0.5%. On the downside, UOL slipped over 1% and UMS fell 0.4%.
Stocks in Focus
The following companies saw new developments that may affect trading of their securities on Monday (Jul 20):
Singapore Airlines (SIA) : The national carrier has defended its investment in Air India on Friday, in a response to the Securities Investors Association (Singapore), before the company’s annual general meeting on Jul 24. SIA said the move allows the group to access growth opportunities which cannot be fully realised via a single hub model, where flights connect only through one airport. Shares of SIA ended Friday 0.5 per cent or S$0.04 higher at S$7.65 before the news.
Far East Orchard : The Singapore Court of Appeal on Friday ruled that an equitable rescission claim against Far East Orchard’s associated company, FEOpus, will proceed to trial. While the six remaining claimants are seeking the return of over S$20.2 million or alternative damages, Far East Orchard on Monday said that its 20 per cent effective interest limits its financial exposure to a non-material level. This follows the initial June 2024 announcement, where FEOpus was originally served with claims by 13 unit owners regarding the SBF Center commercial development.
SG Local News
Retail resets: Mall owners reposition shopping centres as Singapore’s consumer landscape evolves
Major mall owners are embarking on a new wave of asset enhancement initiatives (AEIs), pouring hundreds of millions of dollars into repositioning their malls to map shifting consumer tastes and improve returns.
The revamps bring a fresh round of tenant churn, with the departure of long-standing names such as cinemas and department stores grabbing headlines. While stirring nostalgia, the changes reflect a steady shift in how malls are being remade, with experience and lifestyle-led concepts and mixed-use spaces.
Rising AI bills push Singapore companies to chase ROI over ‘tokenmaxxing’
Companies in Singapore are moving beyond the artificial intelligence experimentation phase and becoming increasingly selective about how they deploy the technology. This is as rising AI spending pushes them to demand clearer returns on investment (ROI).
While the cost of using AI models has fallen, overall AI bills continue to jump as businesses use the technology far more extensively.
Consultancy Bain & Co estimated that the price of tokens had halved between 2024 and 2025.
Yet, the consumption of tokens – the units that large language models use to process information – surged 4.5 times during the same period, driving overall spending.
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