Top Stock Market Highlights of the Week: OCBC, First REIT, ST Engineering and Microsoft

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Top Stock Market Highlights of the Week: OCBC, First REIT, ST Engineering and Microsoft

The Smart Investor04-04 07:30

From historic valuation milestones to massive portfolio overhauls and global tech giants doubling down on Singapore’s digital economy, the market saw significant activity this week. A local banking ...

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ST Engineering and Microsoft\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-04 07:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-ocbc-first-reit-st-engineering-and-microsoft/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>From historic valuation milestones to massive portfolio overhauls and global tech giants doubling down on Singapore’s digital economy, the market saw significant activity this week. \n\nA local banking ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-ocbc-first-reit-st-engineering-and-microsoft/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-ocbc-first-reit-st-engineering-and-microsoft/","article_id":"2624704667","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2026/04/Top-Stock-Highlights-of-the-Week-300x200.png"],"rights":{"source":"thesmartinvestor_highlight","url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-ocbc-first-reit-st-engineering-and-microsoft/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2624704667","pubTimestamp":1775259000,"columns":[],"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"We look at a landmark market capitalisation milestone for a local bank, a major REIT portfolio overhaul, a significant defence contract win, and a substantial technology investment commitment in Singapore.","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"本周股市亮点：华侨银行、First REIT、ST Engineering和微软","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/841308045124960e50d4d659f2a24aff","symbols_score_info":{"S63.SI":1.95,"MSFW":0.6,"MSFX":0.6,"MSFY":0.6,"AMZN":0.6,"MSFL":0.6,"MSFO":0.6,"TSLA":0.6,"MSFD":0.6,"MSFT":1.94,"MSFU":0.6,"NVDA":0.6,"GOOG":0.6,"O39.SI":1.96,"AAPL":0.6,"AW9U.SI":1.95,"META":0.6},"content_text":"From historic valuation milestones to massive portfolio overhauls and global tech giants doubling down on Singapore’s digital economy, the market saw significant activity this week. \n\nA local banking giant joined an elite global tier, a healthcare REIT pivoted its entire geographic strategy, and a defence powerhouse secured a major Middle Eastern contract.\n\nHere are the key stock market movers from the past week.\n\nOCBC Joins the S$100 Billion Club\nOCBC Bank (SGX: O39) crossed a significant milestone this week, with its share price hitting a record high and driving its market capitalisation past the S$100 billion mark. \n\nShares climbed as much as 3.1% on 1 April 2026 to a peak of S$22.65 before closing at S$22.55, a gain of 2.6% for the day. \n\nOCBC becomes only the second Singapore-listed company to achieve this valuation, joining DBS Group (SGX: D05) in the exclusive club.\n\nThe rally was partly driven by the broader regional market recovery after US President Donald Trump signalled a potential end to the country’s military campaign in Iran. \n\nAnalysts highlighted that OCBC shares are gaining ground after underperforming in 2025. \n\nThis momentum is backed by strong earnings, as the bank reported a 3% year-on-year (YoY) rise in fourth-quarter 2025 net profit to S$1.75 billion. \n\nFurthermore, a shift in capital management strategy signals a potential 60% profit payout for the current year, making the bank a top pick for institutional investors.\n\nFirst REIT Exits Indonesia in S$471.5 Million Portfolio Sale\nFirst Real Estate Investment Trust (SGX: AW9U) announced a bold strategic pivot to divest its entire Indonesian portfolio for S$471.5 million. \n\nThe move is designed to stabilise distributions by eliminating the Indonesian rupiah volatility that has historically impacted unitholder returns.\n\nAs part of the transaction, eight hospitals will be sold to Siloam International Hospitals for S$389.2 million, representing a 2.8% premium over valuation, alongside other non-core assets. \n\nThis divestment significantly strengthens the balance sheet, with aggregate leverage expected to drop to 16.7%, resulting in estimated annual interest cost savings of S$18.8 million. \n\nTo reward investors, the manager intends to recommend a special distribution of S$9.7 million and has waived its S$2.4 million divestment fee. \n\nLooking ahead, the trust will focus on identifying acquisition opportunities in developed Asia-Pacific markets, specifically targeting Singapore, Japan, and Australia.\n\n\nST Engineering Secures S$600 Million Kuwait Defence Contract\nSingapore Technologies Engineering (SGX: S63) continues to expand its footprint in the Middle East. \n\nIts marine business secured a six-year, S$600 million subcontract to design and supply platform systems for eight missile gunboats for the Kuwait Naval Force.\n\nThe group will build three of these vessels at its Singapore shipyard. \n\nBased on the proprietary Fearless-class design, the platforms are optimised for high redundancy and mission readiness in challenging maritime environments. \n\nThis award reinforces the ability of ST Engineering to deliver sophisticated naval solutions and meet the rising demand for advanced maritime security in the region.\n\nTan Leong Peng, president of ST Engineering’s marine business, noted that the win underscores the group’s ability to deliver sophisticated naval platforms and captures rising demand for advanced maritime security solutions in the Middle East. \n\nMicrosoft Commits US$5.5 Billion to Singapore’s AI Future\nIn its largest single-country commitment to date, Microsoft (NASDAQ: MSFT) pledged to invest US$5.5 billion in Singapore through 2029. \n\nThis commitment forms part of a broader US$50 billion global AI infrastructure push.\n\nThe investment focuses on a major expansion of cloud and artificial intelligence capabilities within the Republic. \n\nCore initiatives include talent development, where all 200,000 tertiary students in Singapore will receive a 12-month Microsoft 365 with Copilot membership. \n\nAdditionally, partnerships with the Singapore Management University, the Institute of Technical Education, and Singapore Polytechnic will focus on building AI and customer relationship management skills. \n\nWith Singapore’s AI adoption rate reaching 60.9% in 2025 – the second-highest globally – this investment cements the nation’s status as a critical node in the global digital landscape.\n\nDon’t let market uncertainty hijack your financial dreams. While headlines scream gloom, 5 Singapore companies have been quietly building wealth and paying reliable dividends. You’re probably overlooking them. Discover these resilient giants and their secrets to sustained income, even through global storms. Click here to download your free report now and secure your financial future!\n\nFollow us on Facebook, Instagram and Telegram for the latest investing news and analyses!","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}