SG Morning Call | STI Edges Up 0.2% in Early Trade as Singtel Gains Over 1%
Market Snapshot
On Wednesday, Singapore stocks edged higher in early trading, with the STI index up 0.2%. Singtel rose more than 1%, while AEM SGD and JMH USD gained 0.8%. OCBC Bank and DBS edged lower.
Stocks in Focus
The following companies saw new developments that may affect trading of their securities on Wednesday (Oct 14):
Kore US Real Estate Investment Trust (Reit) : The manager said on Tuesday that it has completed a full-floor spec-suite development, The Post at 10800 The Plaza Buildings in Bellevue, Washington. This is the Reit’s second such development at The Plaza Buildings, and its fourth full-floor spec-suite development in total. Half of its six suites were leased prior to completion. Units of Kore US Reit ended 1.3 per cent or US$0.002 down at US$0.15 on Tuesday, prior to the news.
Parkway Life Reit : The Reit on Wednesday said it has acquired three nursing homes in France for 38.8 million euros (US$43.5 million), expanding its presence in its third key market outside Singapore. Its aggregate leverage is expected to rise from about 33.8 per cent as at Jun 30 to about 35.3 per cent once the deal is complete. Each property is underpinned by a long-term 12-year lease. Units of Parkway Life Reit closed flat at S$3.99 on Tuesday.
Raffles Education : The company on Wednesday announced a special interim dividend of S$0.003 per ordinary share, conditional on shareholder approval at an extraordinary general meeting on Oct 30. Shareholders will also vote on up to 538.9 million warrants to directors Chew Hua Seng and Doris Chung Gim Lian, with each warrant carrying the right to subscribe for one new share at S$0.065 per share. Shares of Raffles Education closed flat at S$0.08 on Tuesday.
Vin’s Holdings : Wholly owned subsidiary Vin’s Auto on Monday was appointed as an authorised channel partner in Singapore for the Arcfox and BAIC brands of hybrid and electric vehicles. Vin’s Auto will market and sell the state-owned BAIC’s hybrids and EVs after the launch of its Midview City showroom in Q1 next year. Shares of Vins Holdings closed flat at S$0.20 on Tuesday.
SG Local News
MAS holds policy settings, pausing after two straight tightenings
The Monetary Authority of Singapore (MAS) kept monetary policy settings unchanged on Wednesday (Oct 14), pausing after two consecutive tightenings this year.
The central bank maintained the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, with no change to the width of the band or the level at which it is centred.
The decision surprised most economists, with 17 of 20 in a Bloomberg poll having forecast a steeper slope. Three predicted no change.
Singapore’s GDP grows 5.4% in Q3, beating estimates: METI flash data
The Republic’s economy expanded 5.4 per cent year on year in the third quarter of 2026, moderating from the previous quarter’s 6.2 per cent, advance estimates from the Ministry of Energy, Trade and Industry (METI) showed on Wednesday (Oct 14) morning.
This was higher than the 5.1 per cent consensus estimate, based on a Bloomberg poll of private-sector economists.
On a seasonally adjusted quarterly basis, gross domestic product rose 1.1 per cent, extending the 1.5 per cent growth recorded in the second quarter.
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