Market Snapshot
Singapore stocks opened higher on Tuesday. STI rose 0.01%; CSE Global up over 6%; AEM SGD up 6%; Venture up over 3%; Centurion, First Resources, SIA up around 1%.
Stocks in Focus
$Great Eastern(G07.SI)$: The insurance arm of OCBC posted a 0.2 per cent increase in net profit to S$346.3 million for its first quarter ended Mar 31, 2026, from S$345.5 million in the previous corresponding period. The group said on Wednesday that its profit remained steady year on year despite a less favourable investment environment and was underpinned by improved insurance profits. Shares of Great Eastern closed S$0.01 or 0.1 per cent lower at S$15.60 on Tuesday.
$Venture Corporation(V03.SI)$: The technology player on Tuesday reported S$56.3 million in net profit in the first quarter of FY2026, as demand for artificial intelligence infrastructure continues to grow worldwide. Revenue for Q1 rose 1.9 per cent to S$628.5 million, from S$616.6 million the previous year. Earnings per share rose 0.9 per cent to S$0.195, from S$0.193 in the year-ago period. The counter ended 3.6 per cent or S$0.61 lower at S$16.48, prior to the news.
$Centurion Accommodation ReitZ(OU8.SI)$: Its manager on Tuesday posted net property income of S$37.5 million for the first quarter ended Mar 31, up 2.4 per cent from its prospectus forecast of S$36.6 million. Revenue stood at S$52.5 million for the period, 2.7 per cent higher than the projected S$51.1 million. The better-than-expected results came on the back of higher occupancy and rental rates, as well as stronger currencies such as the British pound and the Australian dollar against the Singapore dollar. Units of CAReit ended S$0.01 or 0.9 per cent down at S$1.10, before the release of results.
SG Local News
MAS Partners Banking Industry to Tap AI, Machine Learning to Combat Financial Crime
The Monetary Authority of Singapore (MAS) on Monday (May 4) said it will harness artificial intelligence and machine learning techniques to combat financial crime.
To enhance scam-detection capabilities, the central bank will work with partners in the banking industry, the Government Technology Agency of Singapore (GovTech), as well as the Singapore Police Force.
MAS is conducting a proof-of-value (POV) exercise to explore the use of AI and machine learning in pre-emptive scam detection, as part of broader efforts to apply these techniques to industry-wide use cases.
Singapore’s Marina One Office Complex Said to Attract CapitaLand, Hongkong Land
CapitaLand Group Pte and Hongkong Land Holdings Ltd. are among possible bidders for the Marina One high-rise complex in Singapore’s central business district, according to people familiar with the matter.
Marina One is owned by M+S Pte, a joint venture of Malaysian sovereign wealth fund Khazanah Nasional Bhd. and Singapore state investor Temasek Holdings Pte, who are seeking around S$5.7 billion ($4.5 billion) for the asset, some of the people said, asking not to be identified because the information is private.
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