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Quick Summary (Feb 24, 2026) YZJ Shipbuilding (+2.59%) topped STI gainers UOB (-4.12%) was the biggest loser and most traded stock CapLand IntCom Trust led REIT gainers Lippo Malls Trust plunged 12.5% STI Movers & Shakers The  FTSE Singapore Straits Time Index (STI)  saw mixed performance, with industrials and telcos gaining while banks weighed on sentiment. Top Gainers Yangzijiang Shipbuilding Holdings Ltd  (BS6) : S$3.96 ( +2.59% ) CapitaLand Integrated Commercial Trust  (C38U) : S$2.52 ( +2.44% ) Singapore Telecommunications Ltd  (Z74) : S$5.12 ( +1.99% ) Wilmar International Ltd  (F34) : +1.98% Seatrium Ltd  (5E2) : +1.81% Key point:  Industrial and offshore-related counters showed resilience. Top Losers United Overseas Bank Ltd  (U11) : S$37.20 ( -4.12% ) ST Engineering Ltd  (S63) : -1.92% Jardine Matheson Holdings Ltd  (J36) : -1.66% OCBC Bank  (O39) : -1.20% Thai Beverage PCL  (Y92) : -1.05% Banks were under pre...

Quick Summary STI closed mixed , with selective buying in industrials and REITs Sembcorp Industries led STI gainers , while Frasers Centrepoint Trust lagged REITs were the highlight , led by a sharp rally in Lippo Malls Trust DBS was the most actively traded stock , supported by steady bank interest STI Movers Top Gainer:   Sembcorp Industries  +3.55% to  S$6.13 Top Loser:   Frasers Centrepoint Trust  -0.88% to  S$2.24 Buying interest focused on  industrial and infrastructure-linked names , lifting Sembcorp Industries to the top of the leaderboard. Meanwhile, downside pressure on select property counters capped broader index gains. Other STI Top Gainers ST Engineering  +1.79% Yangzijiang Shipbuilding  +1.49% Hongkong Land  +1.44% Thai Beverage  +1.05% SG REITs Movers Top Gainer:   Lippo Malls Trust  +14.29% to  S$0.008 Top Loser:   Suntec REIT  -3.33% to  S$1.45 REITs saw  strong volatility , with ...

Profit Matches Forecasts Despite Margin Pressure Oversea-Chinese Banking Corp (OCBC), Singapore’s second-largest lender, reported a second-quarter net profit of  S$1.82 billion , down 7% from a year earlier, in line with analyst expectations. The decline was primarily driven by softer net interest income as margin compression continued to weigh on profitability. Key Financial Highlights Net Interest Margin (NIM):  Dropped to 1.92% from 2.20% in 2Q24. Net Interest Income Outlook:  2025 guidance lowered to a  mid-single-digit percentage decline , with NIM expected in the  1.90%-1.95% range  versus ~2% previously. Non-Interest Income:  Grew 5% YoY on stronger fee and trading income. Wealth Management:  Assets under management rose 11% to a record  S$310 billion , supported by net inflows and positive market performance. Dividend:  Interim ordinary dividend maintained at 41 Singapore cents. CEO Transition Amid Challenging Outlook Group CEO H...

Singapore is doubling down on its capital markets. Here’s what investors need to know. The Monetary Authority of Singapore (MAS) will deploy  S$5 billion  into local equities through select fund managers, marking a major initiative to breathe new life into the SGX and position Singapore as a top-tier investment destination. This is part of a broad reform package driven by a high-level review group aimed at addressing long-standing issues plaguing the local bourse — including  low trading volumes, weak valuations, and a sluggish IPO pipeline . Key Highlights: MAS Market Catalyst Fund : MAS will partner with active fund managers to invest in a wide range of Singapore-listed companies. The goal? Inject  liquidity  and  stimulate institutional interest  in local stocks. Reworked Global Investor Programme (GIP) : Applicants will now be required to invest at least  S$50 million into Singapore-listed equities , sharpening focus on local market participat...

Helen Wong, the CEO of OCBC, received a slight pay increase for FY2024, amounting to S$12.8 million, compared to S$12.1 million in FY2023. This increase of 5.7% comes after Wong led the bank to another record-breaking year of earnings. Her FY2024 compensation package includes a base salary of S$1.2 million, with the remainder coming from bonuses and other performance-based incentives. The increase reflects her leadership in achieving strong financial results for the bank.

 In today's SGX market update,  ST Engineering  ($S63.SG) led the gains, rising by  1.68%  to close at  S$6.67 , securing its position as the top gainer. This increase adds to the company's ongoing positive momentum in the market. On the flip side,  SGX  ($S68.SG) saw a decline of  1.35% , dropping to  S$13.15 , marking it as the top loser in today's session. Key Movers in REITs In the REIT sector,  BHG Retail REIT  ($BMGU.SG) took the spotlight as the top performer, soaring by  3.41%  to end at  S$0.455 . On the downside,  Lippo Malls TR  ($D5IU.SG) was the biggest loser, plummeting  6.67%  to settle at  S$0.014 . Most Actively Traded Stocks Among the top-traded stocks,  DBS Bank  ($D05.SG) stood out with a  0.74%  increase to close at  S$46.39 , with a turnover of  S$171.22M , making it the most actively traded company today. Stay tuned for further market i...

  Market Snapshot Singapore shares opened higher Friday with the FTSE Straits Times Index (STI) up 0.35% to 3,752.14 at 9:02 am. Trading saw 67 advancers and 25 decliners , with 41.66M securities valued at S$41.39M exchanged. Key Headlines 2024 Growth Upgraded: Singapore's 2024 economic growth forecast increased to 3.5% , reflecting strong Q3 performance. 2025 growth set at 1-3%. Export Forecasts Adjusted: Non-oil domestic exports (NODX) for 2024 revised downward, with modest growth of 1% expected due to sluggish recovery in pharmaceuticals and shipbuilding. Stocks to Watch Thai Beverage (Y92.SG) Profit Dip: ThaiBev reported a 1% drop in net profit for the fiscal year, ending at 27.2 billion baht (S$1.1 billion) due to rising living costs affecting domestic sales. Stock Performance: Shares declined 1% to S$0.515 on Thursday. BRC Asia (BEC.SG) Profit Boost Despite Revenue Drop: Net profit rose 11% to S$55 million , while revenue fell 21% to S$723.1 million , driven by ...

  Market Snapshot Singapore Shares: Opened higher on Monday, with the Straits Times Index (STI) up 0.01% to 3,745.24 as of 9:11 a.m. Market Activity: 98 gainers, 66 decliners, with 68.25M securities worth S$96.23M changing hands. Takeaways: SIA  and  ST Engineering  show strong growth, reflecting recovery in travel and robust business performance. Property developers  are set for a standout November, with key launches driving sales. Singapore’s  tech advancements  come with heightened cybersecurity risks, necessitating proactive measures to safeguard critical systems. Investors should watch for continued updates on major project launches and cybersecurity strategies shaping Singapore's economic and technological landscape. Breaking News Developer Sales Surge Predicted for November 2024 Major Launches Driving Sales: November sales expected to reach up to 2,100 units , the highest since March 2013. Total 2024 sales projected at 5,500-6,000 units , ...

  CapitaLand Investment (CLI) has secured a capital commitment of S$261 million from Mitsui OSK Lines, a new Japanese partner, for its Southeast Asia and India private funds. This includes S$130 million for the CapitaLand SEA Logistics Fund (CSLF), CLI's inaugural logistics fund in Southeast Asia, bringing CSLF's total equity to S$400 million. Additionally, Mitsui OSK Lines has committed S$131 million to CLI's India business parks development fund. These investments aim to enhance CLI's logistics and business park portfolios in the respective regions.

Singapore’s sluggish initial public offering (IPO) market is looking for a much-needed revival, with real estate investment trusts (REITs) expected to lead the charge in 2025. One potential standout is Nippon Telegraph & Telephone Corp (NTT) , which is considering a data-center REIT listing that could be worth as much as US$1 billion . This would be a major boost to the Singapore Exchange (SGX) , which is on track for its worst IPO year in over 25 years, with just one IPO recorded so far in 2024. The REIT sector has shown signs of recovery, with Singapore-based real estate trusts rising 14% during the third quarter of 2024. A global decline in interest rates has made the sector more attractive to investors by lowering borrowing costs and boosting dividend yields. This trend is expected to fuel more fundraising and investor interest in REITs, potentially creating a virtuous cycle for new listings. “We are constructive on the equity capital markets in Singapore for the fourth...

The Singapore stock market has posted gains for three consecutive sessions, advancing almost 80 points or 2.3% in that period. The Straits Times Index (STI) now sits just above the 3,530-point level and is expected to extend its gains again on Thursday. The global forecast for Asian markets is positive, supported by optimism over the outlook for interest rates. While European markets showed mixed results, U.S. markets were up, suggesting that Asian markets are likely to follow the positive lead from the U.S. On Wednesday, the STI finished modestly higher, buoyed by gains in financial shares, property stocks, and industrial issues . The index added 18.50 points or 0.52% to close at 3,531.17 , after trading between 3,517.56 and 3,536.12 . Active Stocks and Movements Among the actively traded stocks: CapitaLand Integrated Commercial Trust spiked 1.42% . CapitaLand Investment surged 2.15% . City Developments rose 0.19% . ComfortDelGro gained 0.68% . DBS Group collected 0.30% . ...

Genting Singapore reported a strong financial performance for the first half of FY2024, with earnings increasing by 29% year-on-year to $357 million. The company achieved a revenue of $1.35 billion for the period, reflecting a 25% growth compared to the same period last year. Adjusted EBITDA also improved by 26% year-on-year, reaching $570.8 million. Key Highlights: Gaming and Non-Gaming Revenue Growth: Gaming revenue rose by 28% year-on-year to $957.6 million, while non-gaming revenue grew by 19% to $333.2 million, contributing to the overall positive financial results. Challenges in 2QFY2024: Despite the strong first-half performance, Genting Singapore faced some headwinds in the second quarter of FY2024. Geopolitical issues, along with high transport and accommodation costs, impacted growth. Adjusted EBITDA for 2QFY2024 was lower at $201.3 million, due to seasonal factors, a significantly lower VIP hold than in the first quarter, and the temporary closure of Hard Rock Hotel for re...