To The Moon

Market Snapshot

Singapore stocks opened Lower on Monday. STI fell 0.14%; AJBU fell 1.9%; AWX fell 1.7%; G13 fell 1.6%; OV8 fell 0.3%.

Stocks in Focus

$Bumitama Agri(P8Z.SI)$: The company said on Friday that preliminary investigations had found no evidence linking its operations to the forest fires in Indonesia or the haze affecting Singapore. It added that a fire in one of its concessions had originated outside its boundaries before spreading into the area. The counter fell 4.8 per cent or S$0.09 to S$1.78 on Friday before the company called for a trading halt to issue a clarification statement. It will resume trading on Monday.

$Wee Hur(E3B.SI)$: The property and construction group is entering Singapore’s purpose-built student accommodation market with a 1,398-bed Y-Suites development at Nanyang Technological University (NTU). The company said on Friday it had secured a Letter of Award from NTU for the project, following a competitive bidding process. Shares of Wee Hur rose 3.5 per cent or S$0.02 to S$0.585 on Friday, ahead of the announcement.

$Indofood Agri(5JS.SI)$: The company said on Sunday that it continuously monitors and identifies hotpots on its plantations to prevent fires that may contribute to transboundary haze. It also confirmed in a regulatory filing, in response to queries from the Singapore Exchange, that it had not received any allegations, inquiries, or notices from government authorities or the media regarding the haze. The counter rose 1.6 per cent or S$0.005 to S$0.325 on Friday.

SG Local News

S-Reits commence Q3 earnings season as interest rates remain in focus

The reporting season for Singapore real estate investment trusts (S-Reits) has begun against a backdrop of higher interest rates, giving investors a window to assess how individual trusts are navigating the changing macroeconomic environment.

As at Oct 14, a total of 26 S-Reits have confirmed the release of their latest financial results or business updates between Oct 21 and Nov 6. Of these, three will report full-year financial results, three will report first-half financial results, and 20 will provide quarterly business updates.

Home buyers using more cash and CPF for down payment even as mortgage loans rise

Home buyers are putting more of their own money into property purchases, even as home prices and mortgage sizes have climbed sharply over the past five years.

This suggests that buyers are not simply borrowing proportionately more to keep up with property prices, said OCBC’s group head of consumer secured lending Tok Geok Peng.

Instead, they are using more cash or Central Provident Fund savings to fund their down payments.

Tok attributed this to OCBC borrowers’ incomes growing faster than property prices. The bank financed more than a third of private property market transactions in 2025.

SM Lee calls for renewed tripartite ties to safeguard port jobs amid AI, trade headwinds

Protecting port workers from being left behind by technological disruption and shifting global trade patterns requires a strong, forward-thinking partnership between unions, port management and the government.

Making this comment at the Singapore Port Workers Union’s (SPWU’s) 80th anniversary dinner on Oct 17, Senior Minister Lee Hsien Loong called on unions and leaders at the PSA to work with the government to help workers adapt through continuous reskilling, just like in the past.

Only with upskilling will workers be able to take on higher-value, technology-driven roles and safeguard their long-term livelihoods.