SG Morning Call | STI Falls 0.3%; Bumitama Agri Down over 2%; SGX, Seatrium, Genting Sing, SIA Down Nearly 1%; YZJ Maritime, Kep Infra Tr up Nearly 1%
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 MB Shipbrokers, Chinese shipbuilder Yangzijiang Shipbuilding won a contract from an undisclosed major liner company to build 12 ultra-large container ships. Neither the delivery schedule nor the contract value has been disclosed, iMarine reported on Monday. The shipbuilder has yet to confirm the order.
$SBS Transit(S61.SI)$ and $GuocoLand(F17.SI)$: The Singapore Exchange on Monday said that SBS Transit will replace GuocoLand on the iEdge Singapore Next 50 Indices, from Sep 28. The next review of the iEdge Singapore Next 50 Indices is scheduled for December, the bourse operator added.
SG Local News
Singapore Bond Issuance Hits Record US$95 Billion in 2025, up 21.8%: MAS
Singapore’s bond market issuance jumped 21.8 per cent year on year to a record US$95 billion in 2025, driven by refinancing needs and regional demand for capital for artificial intelligence, technology and infrastructure.
The figure, which covers long-term Singapore-dollar and non-Singapore-dollar bonds, surpassed the previous record of US$77 billion set in 2023, the Monetary Authority of Singapore (MAS) said on Monday (Sep 14), in its annual update on the corporate debt market.
The increase came as global bond issuance rose 7.7 per cent to US$9.8 trillion in 2025, “supported by improved funding conditions amid easing monetary policy”, MAS said.
Singapore Air Quality Unhealthy in All Regions, First Since 2019
Singapore’s air quality hit unhealthy levels islandwide on Tuesday, as haze from wildfires in neighboring Indonesia continued to spread across Southeast Asia.
All five regions in the city-state recorded unhealthy levels of air quality for the first time since September 2019, according to local media. Singapore ranked as the world’s sixth-most polluted city, according to IQAir’s data, trailing Kuala Lumpur in the top spot and Jakarta at fourth.
Smoke plumes from fires in Kalimantan drifted toward Singapore because of a shift in winds, alongside smoke haze from Sumatra, the National Environment Agency said on Monday. The agency expects the haze to persist over the next 24 hours, with air quality ranging from high-moderate to mid-unhealthy conditions.
CapitaLand Investment to Restructure Portfolio, Recycle up to S$9 Billion
$CapitaLand Investment(9CI.SI)$ is undertaking a portfolio restructuring with up to S$9 billion of non-core and legacy assets earmarked for capital recycling, as it focuses on growing its listed and private funds businesses, and lightening its balance sheet.
The portfolio reorganisation will also see CLI reducing its “excess holdings” in some of its bigger real estate investment trusts (Reits), such as CapitaLand Integrated Commercial Trust (CICT), which holds a mix of prime office and retail assets, and the industrial-focused CapitaLand Ascendas Reit (Clar).
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