SG Morning Call | STI Rises 0.4%; UOL, SATS up Around 2%; Frencken, YZJ Maritime, Keppel up Around 1%; Genting Sing, SIA up Within 1%; Singtel, UOB Kay Hian Fall

Market Snapshot

Singapore stocks opened higher on Thursday. STI rose 0.4%; UOL, SATS up around 2%; Frencken, YZJ Maritime, Keppel up around 1%; Genting Sing, SIA up within 1%; Singtel, UOB Kay hian fell.

Stocks in Focus

$UOB(U11.SI)$: UOB reported on Thursday that its net profit for the first quarter fell 4 per cent on a softer operating environment. Net profit for the three months ended Mar 31, 2026, came in at S$1.44 billion, compared with S$1.49 billion a year earlier. This was above the S$1.39 billion consensus estimate in a Bloomberg survey of four analysts. Shares of UOB closed 1 per cent or S$0.37 higher at S$36.65 on Wednesday.

$StarHub(CC3.SI)$: The telco posted a net profit of S$5.9 million for its first quarter ended Mar 31, down 81.3 per cent from S$31.8 million in the year-ago period. The group said in a Thursday business update that revenue fell 6.1 per cent to S$507.3 million from S$540.5 million in Q1 2025, amid lower contributions from its consumer and enterprise businesses. StarHub shares ended Wednesday down 1 per cent or S$0.01 at S$1.01.

$Sats(S58.SI)$: The cargo handler and in-flight caterer on Wednesday said it will acquire an additional 40 per cent stake in Nanjing Weizhou Airline Food Corporation for 312.6 million yuan (S$58 million). This will bring its total shareholding in the Chinese frozen aviation meal manufacturer to 90 per cent. Shares of Sats closed 0.9 per cent or S$0.03 higher at S$3.32 before the news.

$Aims Apac Reit(O5RU.SI)$ (AA Reit): The real estate investment trust (Reit) posted on Thursday that its distribution per unit rose 4.1 per cent to S$0.0513 for its second half ended Mar 31, 2026, from S$0.0493 the year before. Distributable income grew 4.6 per cent year on year to S$42 million from S$40.2 million. Units of AA Reit closed flat at S$1.52 on Wednesday.

$Coliwoo(W8W.SI)$: The co-living operator on Wednesday posted a 43.9 per cent rise in net profit to S$13.4 million for its first half ended Mar 31, 2026, from S$9.3 million in the previous corresponding period. This was mainly due to full-period revenue contributions from properties launched in H2 2025, new management contracts, and higher rental and occupancy rates across most of the co-living properties. Earnings per share stood at S$0.028 for the period from S$0.0299. Shares of Coliwoo ended S$0.01 or 1.9 per cent lower at S$0.51 on Wednesday.

$Vin’s Holdings(VIN.SI)$: The automotive group on Wednesday said it has secured a S$44,300 settlement from an unnamed former employee, as it clawed back funds after a probe on irregular payments. The transactions were made between Oct 13, 2025, and Mar 27 this year, with invoices issued to its subsidiaries Vin’s Credit and Vin’s Automotive Group. Shares of Vin’s Holdings closed flat S$0.275 prior to the announcement.

SG Local News

Singapore Banks Getting Better at Spotting Dirty Money, but Penalties Still Lack Bite, Says Global Watchdog

Singapore’s banks have improved their ability to detect financial crime through initiatives such as data-sharing tools, said a global watchdog. But it added that penalties and supervision could be strengthened to better deter misconduct.

In its latest report, the Financial Action Task Force (FATF) noted that financial institutions (FIs) in the Republic play a central role in detecting and reporting suspicious activity, with strong public-private cooperation and increasing use of financial intelligence among the key strengths of its anti-money laundering regime.