MONEY MASTER

Key Takeaways Wall Street closed at fresh record highs , supported by easing US-Iran tensions and a rebound in technology stocks. Maybank Research raised Singapore's 2026 GDP forecast to 4.6% , citing sustained AI-driven strength in manufacturing and semiconductors. Singapore equities opened lower , with investors locking in gains despite an improving economic outlook. DBS lowered Multiplier Account interest rates , reflecting a softer interest rate environment. CapitaLand Ascott Trust, Keppel Infrastructure Trust and Yangzijiang Financial  reported positive corporate developments, offering stock-specific opportunities. Market Overview Singapore shares opened modestly lower on Tuesday, even as global risk appetite improved following another record-setting session on Wall Street. The  Straits Times Index (STI)  slipped  0.49% , with investors taking a cautious stance after recent gains. In the US, the  Dow Jones Industrial Average  closed at a fresh all-time...

DBS is stepping up its commitment to Asia’s energy transition with a S$273 million financing deal, even as markets remain cautious amid inflation concerns and sector rotation. While Wall Street shows a shift away from tech into traditional sectors, Singapore equities opened slightly weaker. Capital is moving cautiously but long-term investment in energy transition is accelerating. What’s Really Happening Markets are sending mixed signals: US markets diverging Dow hitting record highs (driven by industrials & healthcare) Nasdaq and S&P 500 under pressure (tech weakness) Inflation still a concern PCE at 4.1% → keeps rate outlook tight Reduces chances of near-term rate cuts Singapore market cautious STI slightly lower More decliners than advancers At the same time, structural investment continues: DBS commits  S$273m  to fund renewable energy, grid upgrades, and storage Part of broader push into Asia’s long-term decarbonisation theme Why? This reflects a growing disconnec...

DBS Group Holdings Ltd  is seeing a growing influx of  wealthy clients from Europe and the US , as investors increasingly turn to Asia for  portfolio diversification and stability  amid heightened global volatility. Rising Demand for Asia-Based Wealth Solutions According to DBS Private Bank, affluent investors are seeking  investment opportunities and wealth management services in Asia , driven by concerns over: Geopolitical tensions , including the US-Iran conflict Rising energy costs Persistent market volatility Some high-net-worth individuals are also exploring  secondary family office setups in Asia , highlighting a longer-term shift in wealth allocation strategies. Asia Positioned as a Stability Anchor DBS noted that wealthy clients are prioritising  “absolute stability” , with Asia increasingly viewed as a  safe and resilient investment hub . The region’s appeal lies in its  economic growth prospects, diversified markets, and relative i...

Singapore  stocks  ended  Friday  with  mixed  performance,  as  selective  buying  lifted  consumer  and  property  names  while  industrial  counters  lagged. STI  Top  Gainers Top  Performer: DFI Retail Group Holdings Ltd  (D01. SG)  rose  4.22%   to  S$4.69 Other  notable  gainers: Hongkong Land Holdings Ltd  +3.77% Wilmar International Ltd  +1.33% Jardine Matheson Holdings Ltd  +0.77% Singapore Exchange Ltd  +0.55% Key  Point:  Retail  and  property- linked  counters  led  gains,  indicating  selective  bargain  hunting. STI  Top  Losers ST Engineering Ltd  (S63. SG)  fell  2.42%   to  S$10.88 Other  decliners  included: Singapore Airlines Ltd  -1.95% Seatrium Ltd  -1.66% Mapletree Logistics Trust  -1.64% SATS L...

Singapore  equities  saw  mixed  moves  on  Thursday,  with  selective  strength  among  blue  chips  while  REITs  showed  sharper  volatility. STI  Top  Gainers Top  Performer: Jardine Matheson Holdings Ltd  (J36. SG) +2.21%  to  S$76.31 Other  notable  gainers: Thai Beverage PCL  +1.14% Wilmar International Ltd  +1.08% Hongkong Land Holdings Ltd  +1.07% Seatrium Ltd  +0.84% Key  Point:  Jardine  Matheson  led  STI  gains,  reflecting  strength  in  regional  conglomerates. STI  Top  Losers DFI Retail Group Holdings Ltd  (D01. SG) -5.26%  to  S$4.50 Other  laggards  included: UOL Group Ltd  -2.81% Yangzijiang Shipbuilding Holdings Ltd  -1.47% Genting Singapore Ltd  -1.47% SATS Ltd  -1.08% REITs  Movers Top  Gainers BHG Retai...

Quick Summary Singapore stocks ended  higher on Tuesday (Feb 3) , supported by gains in  telecoms, property and industrial names .  Singtel  led the market, while  ThaiBev  lagged. Trading activity stayed healthy, with  DBS  topping the turnover chart. Key Highlights Singtel surged 4.74% to S$4.86 , making it the  top STI gainer Hongkong Land (+4.71%)  and  JMH USD (+2.99%)  also posted strong gains ThaiBev fell 1.04% , ending as the  top loser DBS  was the  most actively traded stock , with  S$235.21m turnover In REITs,  Acro HTrust USD rose 4.0% , while  KepPac Oak REIT USD slid 4.17% STI Top Gainers Singtel  +4.74% Hongkong Land USD  +4.71% JMH USD  +2.99% SATS  +2.95% DFI Retail Group USD  +2.91% STI Top Losers ThaiBev  −1.04% Wilmar International  −0.88% Mapletree Logistics Trust  −0.76% Mapletree Industrial Trust  −0.48% REITs Movers Top Gainer: ...

DBS Group Holdings has revised its ambitions in Malaysia, trimming its proposed acquisition of Alliance Bank Malaysia Bhd to a 30% stake after regulators signalled they would not support a larger deal, according to people familiar with the matter. Southeast Asia’s largest bank had initially sought approval to negotiate for as much as 49% of Alliance Bank, a size that would require Bank Negara Malaysia (BNM) to grant a rare ownership waiver. The central bank declined to entertain that request, prompting DBS to withdraw and refile a proposal aligned with Malaysia’s 30% ownership limit. The smaller proposal is expected to have a smoother path, the people said, and would allow DBS to formally engage Alliance’s major shareholder, Vertical Theme Sdn Bhd — a Malaysian holding company partly owned by Singapore’s Temasek Holdings. Temasek indirectly owns 49% of Vertical Theme through Duxton Investment & Development and also holds 28.3% of DBS. Representatives from DBS and Vertical Theme dec...

While global markets have been rattled by  trade tensions  and  policy uncertainty , Singapore’s  FTSE Straits Times Index (.STI.SG)  continues to defy the odds. The index not only held firm but  outperformed the S&P 500 , reinforcing Singapore’s position as a  defensive stronghold  in a shaky global landscape. In October alone, the STI climbed  1.76% , while the  S&P 500 slipped 0.66%  — a striking divergence that underscores the market’s underlying resilience. STI Hits Record High in October The momentum is clear. On  October 7 , the STI surged to a  record intraday high of 4,474.12 , lifting its  year-to-date gains to over 15% . The rally has been broad-based, anchored by  strong blue-chip performance  and Singapore’s  stable economic footing . Leading the charge are the  three local banking giants — DBS, OCBC, and UOB —  alongside  Singtel  and  ST Engineering . All ...

 Key Highlights Singapore shares open higher  on Tuesday, tracking U.S. market rebound U.S. stocks rally  as trade tensions ease Gold and silver hit record highs  amid rate-cut speculation Singapore Q3 GDP  slows to 2.9% but beats estimates Young workers prioritise team dynamics, pay, and career growth Market Snapshot FTSE Straits Times Index (STI):  4,412.56 (+0.52%) Volume / Value:  32.57M / S$53.50M Advancers / Decliners:  112 / 23 Global Markets U.S. Markets Rebound as Trade Tensions Ease Wall Street rallied sharply on Monday after signs of improving U.S.–China relations. The  Nasdaq Composite  rose 2.2% to 22,694.61, while the  S&P 500  and  Dow Jones Industrial Average  gained 1.6% and 1.3% respectively. Investor sentiment improved after President Trump said he was confident about resolving trade issues with China. Gold and Silver Surge to Record Highs Persistent concerns over the 13-day U.S. government shut...

The Straits Times Index (STI) extended gains on Wednesday, with  DBS Group Holdings Ltd  emerging as the session’s top gainer and most actively traded stock. Key Stock Movers DBS (D05.SG):  Rose  3.64%  to close at  S$52.73 , with turnover of  S$441.1 million , making it both the  top gainer and  most traded stock . Singtel (Z74.SG):  Gained  1.64%  to  S$2.48 . Genting Singapore (G13.SG):  Advanced  1.32%  to  S$0.77 . SGX (S68.SG):  Climbed  1.22%  to  S$9.97 . ST Engineering (S63.SG):  Added  1.01%  to  S$3.99 . Top loser: UOL (U14.SG):  Fell  1.99%  to  S$7.40 . REITs Performance Sabana REIT (M1GU.SG):  Led REIT gains, rising  3.49%  to  S$0.445 . Stoneweg EUTrust EUR (SET.SG):  Dropped  1.9%  to  S$1.55 , making it the  biggest REIT decliner . Market Overview The  FTSE Straits Times Index ...

The Straits Times Index (STI) ended Friday’s session with notable stock-specific movements, led by gains in  Keppel Corp , while  Thai Beverage  was the day’s biggest laggard. Equities Keppel Corp (BN4.SG)  rose  3.18%  to  S$8.75 , topping the gainer list. Seatrium Ltd (S51.SG)  advanced  2.18% , while  DFI Retail Group (D01.SG)  gained  1.92% . Jardine Matheson Holdings USD (J36.SG)  added  1.78% , and  Frasers Logistics & Commercial Trust (BUOU.SG)  closed  1.11%  higher. On the downside,  Thai Beverage (Y92.SG)  slipped  1.08%  to  S$0.46 , making it the session’s top loser. REITs Prime US REIT USD (OXMU.SG)  led the sector, up  2.22%  at  S$0.184 . Keppel Pacific Oak REIT USD (CMOU.SG)  fell  2.22%  to  S$0.22 , ranking as the weakest performer. Most Actively Traded DBS Group (D05.SG)  remained the most traded counter, w...

Singapore’s financial powerhouses—DBS, UOB, and OCBC—are accelerating their expansion into RMB cross-border settlements , positioning themselves as  regional leaders  in Asia’s rising RMB payment ecosystem, driven by China’s Belt and Road Initiative (BRI) and the global momentum behind RMB internationalization. RMB Payment Volumes Hit Record Highs In  2024 , China's  Cross-Border Interbank Payment System (CIPS)  handled over  RMB 175 trillion , marking a  42.6% YoY increase , underscoring the  growing relevance of RMB as a global settlement currency . This surge aligns with a broader trend of  de-dollarization , further incentivizing regional financial institutions to  deepen RMB infrastructure capabilities  and  tap into the expanding RMB payment corridor . Singapore’s Big Three: Strategic Integrations with CIPS DBS Leads the Charge in RMB Clearing First Singaporean bank to become a  direct CIPS participant . Achieved...

 🔝  Top-Traded Singapore Stocks DBS (D05)  was the most actively traded stock, closing at  S$49.21  (+2.24%) with a turnover of  S$350.9M . ST Engineering (S63)  surged  +7.13%  to  S$8.86 , leading gains across STI stocks. ComfortDelGro (C52)  rose  +2.67% , reflecting optimism in transport and services. 📈  STI Movers & Shakers Top Gainers: ST Engineering (S63)  +7.13% DFIRG USD (D01)  +2.90% DBS (D05)  +2.24% Top Losers: HongkongLand USD (H78)  -2.21% Mapletree Logistics Trust (M44U)  -1.65% Frasers L&C Trust (BUOU)  -1.12% 🏢  REITs Movers & Shakers Top Gainers: Prime US REIT (OXMU)  +3.23% EliteUKREIT (MXNU)  +2.94% Sabana REIT (M1GU)  +2.44% Top Losers: Lippo Malls Trust (D5IU)  -6.67% DigiCore REIT (DCRU)  -3.60% Mapletree Logistics Trust (M44U)  -1.65%