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SG Morning Call | CapitaLand and IOI Close to Buying Singapore $1.9 Billion Office Towers, Bloomberg Reports

Market Snapshot Singapore stocks opened lower on Friday. STI fell 0.5%; OCBC fell 1%; UOB fell 0.7%;Singtel fell 0.5%; DBS fell 0.4%. Stocks in Focus $Jardine Cycle & Carriage Limited(C07.SI)$: JC&C announced on Friday that it has entered into a conditional share and asset purchase agreement to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia to CCHPL Holdings, a wholly owned subsidiary of Indonesia’s Chandra Asri Pacific. The estimated base purchase price payable in cash is around S$265 million. Shares of JC&C ended at S$27.50 on Thursday, 1.2 per cent or S$0.32 higher. $Creative Technology(C76.SI)$: The technology group on Thursday pos
SG Morning Call | CapitaLand and IOI Close to Buying Singapore $1.9 Billion Office Towers, Bloomberg Reports
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08-20 09:01

SG Morning Call | Singapore to Offer Tax, Visa Incentives for Fund Sector to Rival Hong Kong

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 04%; Sats fell 6%; SIA fell 0.7%; OCBC fell 0.6%; DSB fell 0.4%. Stocks in Focus $OCBC(O39.SI)$: The bank announced on Thursday that it has priced £1 billion (US$1.4 billion) in aggregate principal amount of floating rate covered bonds due 2029. The covered bonds will bear interest at the compounded daily Sterling Overnight Index Average rate, plus 0.48 per cent per annum payable quarterly in arrear. The bonds are expected to be issued on Aug 26 and listed on the Singapore Exchange (SGX) on Aug 27. Shares of OCBC ended at S$30.94 on Wednesday, S$0.01 or 0.03 per cent lower. $Sats(S58.SI)$: The company on Wednesday posted a S$75.1 mill
SG Morning Call | Singapore to Offer Tax, Visa Incentives for Fund Sector to Rival Hong Kong
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08-19 09:01

SG Morning Call | UOB Prices US$1.4 Billion Floating Rate Covered Bonds Due 2030

Market Snapshot Singapore stocks opened lower on Wednesday. STI fell 0.7%; OCBC fell 1.6%; Singtel fell 1.4%; UOB fell 0.7%; DBS fell 0.5%. Stocks in Focus $UMS Integration(558.SI)$: The group announced on Tuesday that the company’s wholly owned subsidiary in Singapore, UMS International, has incorporated a wholly owned subsidiary in Vietnam, UMS Vietnam Integration Company, with an issued and paid-up share capital of US$2 million. Shares of UMS ended at S$2.82 on Tuesday, S$0.05 or 1.7 per cent lower. $Koh Brothers Eco Engineering(K75.SI)$: Shareholders of Koh Brothers Eco Engineering voted in favour of moving the company from the Catalist to the mainboard of the Singapore Exchange in an extraordinar
SG Morning Call | UOB Prices US$1.4 Billion Floating Rate Covered Bonds Due 2030

SG Morning Call | SIA Group’s July Passenger Traffic Grows 2.6% Amid Growing Passenger Capacity

Market Snapshot Singapore stocks opened lower on Tuesday. STI fell 0.6%; SGX fell 1.7%; Singtel, OCBC, and SIA fell 0.9%; DBS fell 0.8%; UOB fell 0.7%. Stocks in Focus $ST Engineering(S63.SI)$: The impact of the Middle East war, alongside higher fuel and logistics costs, is assessed to be ”not material at the group level”, said ST Engineering chief executive officer Vincent Chong on Thursday at the group’s annual general meeting (AGM). He added that less than 3 per cent of the group’s FY2025 revenue came from the Middle East. Shares of ST Engineering closed 2 per cent or S$0.22 lower at S$11.03 on Thursday. $CapLand IntCom T(C38U.SI)$: posted on Friday a 7.9 per cent rise in net property income (NPI)
SG Morning Call | SIA Group’s July Passenger Traffic Grows 2.6% Amid Growing Passenger Capacity

SG Morning Call | UOB’s Digital Wealth Sales, Transactions Jump Almost 50% as Clients Invest More Online

Market Snapshot Singapore stocks opened lower on Monday. STI fell 0.8%; Sembcorp Ind rose 1%; UOB fell 0.2%; Keppel, OCBC, DBS fell 0.3%; Singtel fell 0.5%. Stocks in Focus $Straits Trading Company(S20.SI)$: The group on Friday posted a net loss of S$11.1 million for the first half ended Jun 30, narrowing from a net loss of S$40.8 million in the same year-ago period. This was mainly due to stronger performance by the company’s resources segment, and the absence of non-cash remeasurement loss on the exchangeable bonds recognised in H1 the year prior. Revenue for H1 was up 49.5 per cent on the year to S$400 million, from S$267.5 million. The counter closed unchanged at S$1.62 on Friday, before the release of the results.
SG Morning Call | UOB’s Digital Wealth Sales, Transactions Jump Almost 50% as Clients Invest More Online

SGX Weekly Review | STI Rises 0.8%; Yangzijiang Shipbuilding Surges 10%; OCBC Jumps 5%; UOB, SIA Drop 4%

Singapore stocks rose this week, with the STI up 0.8%. Investors reacted positively to the possibility of the US Federal Reserve choosing not to raise interest rates in September. In terms of individual stocks, Yangzijiang Shipbuilding rose 10%; Genting Singapore rose 7.3%; ST Engineering rose 6.2%; OCBC rose 4.9%; Sembcorp rose 4.1%; Singtel rose 3.5%; SGX rose 3%; Keppel rose 1.3%; Sats fell 2.7%; UOB fell 3.5%; SIA fell 3.6%; Wilmar and YZJ Maritime fell 4.8%. Market News Singapore Raises 2026 Growth Forecast on AI Boom After Robust Q2 GDP Singapore raised its economic growth forecast for 2026 on Tuesday, saying a stronger-than-expected global artificial intelligence investment boom and a milder impact from the Middle East war should support activity in the second half of the year. The
SGX Weekly Review | STI Rises 0.8%; Yangzijiang Shipbuilding Surges 10%; OCBC Jumps 5%; UOB, SIA Drop 4%

SG Morning Call | STI falls 0.36%, UMS surges over 7%, AEM SGD up nearly 5%, UOL drops more than 3%

Market Snapshot Singapore’s stock market opened mixed on friday, with the STI index down 0.36%. UMS surged more than 7% and AEM SGD gained nearly 5%, while UOL fell over 3% and JMH USD dropped more than 1%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Friday (Aug 14): $ThaiBev(Y92.SI)$: The company on Thursday reported a 1.8 per cent dip in revenue to 254 billion baht (US$7.7 billion) for the nine months ending Jun 30, compared with the year-ago period. The decline was led by its beer segment, where revenue dropped 5.3 per cent to 91.3 billion baht. The decline was attributed to unfavourable foreign exchange translation effects and a slight slowdown in the Thai market. Shares of Thai
SG Morning Call | STI falls 0.36%, UMS surges over 7%, AEM SGD up nearly 5%, UOL drops more than 3%

SG Morning Call | Singapore Stocks Open Mixed Thursday; STI Edges Up 0.09%, AEM SGD Surges Nearly 8%

Market Snapshot Singapore stocks opened mixed on Thursday, with the Straits Times Index (STI) edging up 0.09%. On the upside, $AEM SGD(AWX.SI)$ surged nearly 8%, while UMS climbed over 2%. On the downside, UOL fell more than 2%, and both JMH USD and Singtel declined by over 1%. OCBC Bank dipped 0.6%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Thursday (Aug 13): $Singtel(Z74.SI)$: The telco on Thursday reported a 71.6 per cent fall in first-quarter net profit to S$818 million. It attributed the decline to exceptional gains from the sale of a partial stake in Airtel and the Intouch-Gulf Energy merger in the same quarter last year. Underly
SG Morning Call | Singapore Stocks Open Mixed Thursday; STI Edges Up 0.09%, AEM SGD Surges Nearly 8%

SG Morning Call | STI Slips 0.07%; AEM SGD, UOL Up Over 1%, DBS Adds 0.3%; JMH USD Drops 1.6%

Market Snapshot Singapore shares opened lower across the board on Wednesday, with the Straits Times Index dipping 0.07%. $AEM SGD(AWX.SI)$ and UOL advanced more than 1% each, DBS rose 0.3%, while JMH USD declined 1.6%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 12): $CapLand IntCom T(C38U.SI)$: The trust on Wednesday posted a distribution per unit (DPU) of S$0.0602 for its first half ended Jun 30, up 7.1 per cent year-on-year. The DPU growth was supported by stronger operating performance and lower interest expenses, and achieved despite an enlarged unit base following a private placement in April. Distributable income fo
SG Morning Call | STI Slips 0.07%; AEM SGD, UOL Up Over 1%, DBS Adds 0.3%; JMH USD Drops 1.6%

SG Morning Call | STI dipped slightly; O39 gained 1.8%, while A7RU and U14 rose nearly 1%

Market Snapshot Singapore stocks open mixed on Tuesday; $OCBC Bank(O39.SI)$ gains 1.8%, $Kep Infra Tr(A7RU.SI)$ and $UOL(U14.SI)$ rise nearly 1%; JMH USD falls nearly 1%, Singtel slips about 0.5%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 11): $UOB Kay Hian(U10.SI)$: The brokerage on Friday posted a 66 per cent surge in net profit to S$164.7 million for the first half of FY2026 ended June, driven by higher trading volume and revenue growth. Revenue rose 41.8 per cent to S$481.1 million, and interest income grew 19.9 per cent to S$137.
SG Morning Call | STI dipped slightly; O39 gained 1.8%, while A7RU and U14 rose nearly 1%

SGX Weekly Review | STI Rises Over 1% as Strong Bank Earnings Lift D05, O39, S68 to Record Highs

Market OverviewThe Straits Times Index (STI) posted a solid gain for the week, rising approximately 1.24% to close at 5,698.43 on Friday, August 7. The market was supported by renewed buying interest in blue-chip names, with financial stocks leading gains after major lenders reported better-than-expected second-quarter results. STI Constituents With Strong Performance Among the 30 STI constituents, financial stocks were the biggest contributors. DBS Group Holdings (D05): Shares advanced strongly after Q2 earnings exceeded expectations. The stock price rose more than 3% during the week and hit a record high. OCBC (O39): OCBC rose more than 4% during the week, hitting a new all-time high. The bank reported Q2 net profit of S$2.22 billion, up 22% year on year. Singapore Exchange (S68): The st
SGX Weekly Review | STI Rises Over 1% as Strong Bank Earnings Lift D05, O39, S68 to Record Highs

SG Morning Call | STI Opens 0.3% Higher; Venture up 7%; SGX, OCBC Bank up over 2% on Strong Earnings; DBS Rises Slightly; UOB Falls over 2%

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.3%; Venture up 7%; SGX, OCBC Bank up over 2% on strong earnings; DBS rose slightly; UOB fell over 2%. Stocks in Focus $UOB(U11.SI)$: The lender on Friday said it recorded a S$1.48 billion net profit for its three months ended Jun 30, up 10 per cent year on year from S$1.34 billion. This was due to net fee income rising on record wealth management fees. The earnings slightly beat the S$1.45 billion consensus forecast in a Bloomberg survey of five analysts. It declared a dividend of S$0.88 per share for the period, down from S$1.10 per share paid out in the same year-ago period. UOB shares ended 1.2 per cent or S$0.52 higher at S$43.58 on Thursday.
SG Morning Call | STI Opens 0.3% Higher; Venture up 7%; SGX, OCBC Bank up over 2% on Strong Earnings; DBS Rises Slightly; UOB Falls over 2%

SG Morning Call | STI Rises 0.25%; DBS Jumps 1.2% After Posting Record Q2 Profit; GLD US$ up over 3%; Top Glove, Thomson Medical up Around 2%

Market Snapshot Singapore stocks opened higher on Thursday. STI rose 0.25%; DBS rose 1.2% after posting record Q2 profit; GLD US$ up over 3%; Top Glove, Thomson Medical up around 2%. Stocks in Focus $DBS(D05.SI)$: The local bank’s net profit for the three months ended Jun 30, 2026, stood at S$3.08 billion, up 9 per cent from the S$2.82 billion in the year-ago period. It rose as higher non-interest income – including a surge in wealth fees – more than offset a declining rate environment. Ahead of the results, shares of DBS closed 1.3 per cent or S$0.95 lower at S$73.55 on Wednesday. $Keppel(BN4.SI)$: The asset manager and operator on Wednesday said that it has successfully hit S$2.1 billion in year-to-
SG Morning Call | STI Rises 0.25%; DBS Jumps 1.2% After Posting Record Q2 Profit; GLD US$ up over 3%; Top Glove, Thomson Medical up Around 2%

SG Morning Call | STI Falls 0.2%; AEM SGD, Top Glove up over 2%; UMS, OUEREIT, Centurion, Frencken up over 1%

Market Snapshot Singapore stocks opened lower on Wednesday. STI fell 0.2%; AEM SGD, Top Glove up over 2%; UMS, OUEREIT, Centurion, Frencken up over 1%. Stocks in Focus $Keppel Infrastructure Trust(A7RU.SI)$ (KIT): The trustee-manager on Wednesday said it has acquired a 45 per cent stake in second German solar portfolio from Enpal for 34 million euros (US$39.2 million). The deal will be executed via a special purpose vehicle, with the venture slated to increase KIT’s total renewable energy portfolio capacity by about 205 megawatts to around 1.4 gigawatts. Units of KIT closed down 3.7 per cent or S$0.02 at S$0.525 on Tuesday. $Mapletree Logistics Trust(M44U.SI)$ (MLT): It has priced S$400 million in subordinated perpetual securities at 3.5 per cent under its S$3 billion euro medium-term secu
SG Morning Call | STI Falls 0.2%; AEM SGD, Top Glove up over 2%; UMS, OUEREIT, Centurion, Frencken up over 1%

SG Morning Call | STI Rises Slightly; Grab US SDR 2to1 Gains over 7%; UMS, AEM SGD, IFast up Around 2%; Frencken, OUEREIT, ThaiBev, JMH USD up over 1%

Market Snapshot Singapore stocks opened higher on Tuesday. STI rose 0.04%; Grab US SDR 2to1 up over 7%; UMS, AEM SGD, iFast up around 2%; Frencken, OUEREIT, ThaiBev, JMH USD up over 1%. Stocks in Focus $Parkway Life Real Estate Investment Trust(C2PU.SI)$: Parkway Life Reit’s distribution per unit (DPU) rose 14.6 per cent to S$0.0877 for its first half ended Jun 30, from S$0.0765 in the year-ago period, the manager reported on Tuesday. Revenue was down 1.6 per cent at S$77.1 million for the half-year period, from S$78.3 million in the previous corresponding period. Units of Parkway Life Reit closed flat at S$4.22 on Monday. $Lendlease Global Commercial Reit(JYEU.SI)$: The Reit on Monday reported a DP
SG Morning Call | STI Rises Slightly; Grab US SDR 2to1 Gains over 7%; UMS, AEM SGD, IFast up Around 2%; Frencken, OUEREIT, ThaiBev, JMH USD up over 1%

SG Morning Call | STI Falls 0.1%; Seatrium, Far East HTrust up Nearly 2%; OUEREIT, UMS, Frencken, ThaiBev, Sheng Siong up Around 1%

Market Snapshot Singapore stocks opened lower on Monday. STI fell 0.11%; Seatrium, Far East HTrust up nearly 2%; OUEREIT, UMS, Frencken, ThaiBev, Sheng Siong up around 1%. Stocks in Focus $Nio(NIO.SI)$: The electric vehicle giant on Sunday said it delivered 35,934 vehicles in July, representing a year-on-year rise of 71 per cent. The deliveries comprised 20,008 vehicles from the Nio brand, 10,155 vehicles from the Onvo brand and 5,771 vehicles from the Firefly brand. This brings the total number of vehicle deliveries in the year to date to 227,057, up 68 per cent rise from the same year-ago period. Shares of Nio ended Friday 2.9 per cent or US$0.14 up to close at US$4.94 before the news. $OUE(LJ3.SI)$
SG Morning Call | STI Falls 0.1%; Seatrium, Far East HTrust up Nearly 2%; OUEREIT, UMS, Frencken, ThaiBev, Sheng Siong up Around 1%

SG Movers | Jardine C&C Stock Soars 7% After Announcing Special Dividend and Toyota Stock Distribution as Part of Portfolio Review

Jardine Cycle & Carriage (JC&C) (SGX: C07) has announced a proposed special dividend of approximately US$0.73 per share. This includes a cash component and a direct distribution in specie of the company's remaining stake in Japanese automaker Toyota Motor Corporation. The move is part of a strategy to sharpen the focus of the company's portfolio and enhance returns for shareholders. Shares of JC&C soared about 7% on the news. The cash portion of US$0.37 per share is being funded by Jardine's divestments of Toyota shares listed in Tokyo, which occurred in April. Meanwhile, the distribution in specie involves around 7.2 million common shares of Toyota, valued at roughly US$0.36 per share. When combined with the previously declared interim dividend of US$0.28 per share—unchanged
SG Movers | Jardine C&C Stock Soars 7% After Announcing Special Dividend and Toyota Stock Distribution as Part of Portfolio Review

SG Morning Call | Singapore Stocks Open Lower; Seatrium H1 Net Profit Jumps 158% to S$373 Million on Asset Sales, Higher Margins

Market Snapshot Singapore stocks opened lower on Friday. $Straits Times Index(STI.SI)$ fell 0.5%; $Seatrium Ltd(5E2.SI)$ rose 2.3%; $NIO Inc.(NIO)$ rose 1.8%. Stocks in Focus $JMH USD(J36.SI)$: The multinational company on Thursday reported 9 per cent growth in underlying profit for the first half ended Jun 30 to US$735 million, from US$676 million in the previous corresponding period. The board declared an interim dividend of US$0.65 per share, up 8 per cent from US$0.60 in H1 2025. Shares of Jardine Matheson closed 0.6 per cent or US$0.40 lower at US$67.59 on Thursday, before the release of its results.
SG Morning Call | Singapore Stocks Open Lower; Seatrium H1 Net Profit Jumps 158% to S$373 Million on Asset Sales, Higher Margins

SG Morning Call | Singapore Stocks Open Lower; Singapore Announces Extra $700 Million of Support to Counter High Energy Prices 

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 1%; $YZJ Shipbldg SGD(BS6.SI)$ down 2%; $OCBC Bank(O39.SI)$ down 1.5%. Stocks in Focus $Singtel(Z74.SI)$: The telco on Thursday confirmed that is currently in discussions with “interested parties” for a stake sale in wholly owned Australian telco Optus, but emphasised that there is “no certainty or assurance that any transaction will occur”. Singtel reiterated its May statement that it was looking for a “like-minded local partner” that can ensure “Optus continues to be a strong alternative operator in the industry”. Shares of Singtel rose 1.8 per cent or S$0.08 to close at S$4.61 on Wednesd
SG Morning Call | Singapore Stocks Open Lower; Singapore Announces Extra $700 Million of Support to Counter High Energy Prices 

Singapore Equities Poised for Strongest Monthly Performance Since 2020 Driven by Bank Surge

Singapore's stock market is poised to achieve its most impressive monthly performance in nearly six years, driven by a surge in bank stocks. The Straits Times Index has advanced 9% during July, placing it on track for its strongest monthly gain since November 2020. Major contributors to the index's rise include $DBS Group Holdings Ltd.(D05.SI)$ and $Oversea-Chinese Banking Corp.(O39.SI)$, both of which have delivered double-digit percentage gains this month. $(STI.SI)$ $(U11.SI)$ $(D05.SI)$ $(O39.SI)$ $Amova STI ETF S
Singapore Equities Poised for Strongest Monthly Performance Since 2020 Driven by Bank Surge

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