To The Moon

Market SnapshotSingapore stocks opened higher on Thursday. STI up 0.1%; Nio up 3%; Digital Core Reit up 2%; Keppel and CityDev up 1%; MLT and Sinarmas Land down 1%.Stocks to WatchKeppel : The company released an update for Q1 2025 on Thursday, reporting an increase in net profit of over 25 per cent year-on-year, driven by strong performance in its infrastructure, real estate and asset management segments. The company also reported that it had monetised S$347 million in assets the year-to-date, with another $550 million of potential real estate divestments in advanced stages of negotiations. The group also announced on Wednesday that it entered a joint venture with Tianjin Shunhua Real Estate Construction Management to develop 19 plots of land in the Tianjin Eco-City northern district in Ch

Market SnapshotSingapore stocks opened higher on Wednesday. STI up 1%; Nio up 3%; Keppel Reit, UOB, OCBC, DBS and CityDev up 1%.Stocks to WatchCity Developments Limited (CDL): The developer’s wholly owned subsidiary has increased its offer to buy the shares of Millennium & Copthorne Hotels New Zealand (MCK) that it does not already own to NZ$2.80 apiece. In a letter to MCK shareholders on Tuesday, CDL said the new price is “the final and best” that its subsidiary, CDL Hotels Holdings New Zealand, is willing to pay. The company will not change the price again and neither will it make another offer within nine months. The higher offer reflects a 60 per cent premium to the one-month volume weighted average share price of NZ$1.75. On Tuesday, MCK said its independent directors committee wa

Paragon REIT suspended trading on Tuesday morning pending the announcement regarding the extraordinary general meeting (EGM) and scheme meeting scheduled to be held at 2:30 p.m. and 3:00 p.m. on the same day. At Monday's close, the stock price fell by 0.5%, or SGD 0.005, to SGD 0.97. $(SK6U.SI)$

ESR REIT announced on Tuesday that its distributable income rose to SGD 44.2 million, up 7% from SGD 41.3 million in the same period last year. This growth was driven by the acquisitions of ESR Yatomi Kisosaki Distribution Centre in Mie Prefecture, Japan, and 20 Tuas South Avenue 14 in Singapore in November 2024.Net property income increased by 31.3% from SGD 62.9 million to SGD 82.5 million, while total revenue grew by 24.2% from SGD 89 million to SGD 110.5 million.ESR REIT's units closed 2.4% higher, or SGD 0.005 up, at SGD 0.21 on Monday. $(J91U.SI)$

The manager of Frasers Centrepoint Trust (FCT) said on Monday (April 21) that its priority offering had been 24.8% oversubscribed.The fund manager received applications for 122,584,803 priority offering units, compared with the 98,185,673 units on offer. The fund launched the offering earlier this month at S2.05perunit.Theofferingpricerepresenteda7.42.2136.The offering was based on the allocation of 54 units for every 1,000 existing units held as at 5 p.m. on April 3, raising a total of about S$201.3 million.Together with the private placement completed on March 26, FCT has raised a total of S421.3million.Thesizeoftheprivateplacementafterthetop−upwasaboutfourtimesthatoftheinitialoffering,with105.3millionnewunitssoldatanissuepriceofS2.09 per unit.FCT will use the net proceeds from this fina

ST Engineering Announces Leadership Transition​​Following an 11-year tenure at ST Engineering, Group Chief Operating Officer (Technology & Innovation) and President of Defence & Public Security (DPS), ​​Ravinder Singh​​, will retire on ​​May 31​​.​​Mervyn Tan​​, Managing Director of Investments at venture capital firm Vertex Holdings, will succeed Singh in these roles, with the appointment taking effect from ​​June 1​​.In a statement released Thursday (April 17), the 61-year-old Singh revealed plans to assume an advisory position within the group starting June 1.As Group Chief Operating Officer for Technology & Innovation, Singh "championed innovation initiatives and drove the adoption of technology and innovation across the group," the statement noted.Since ST Engineering’s re

Yangzijiang Shipbuilding shares soared 14.1% in morning trading on Monday.In a report released, Pei Hwa Ho from DBS reiterated a Buy rating on Yangzijiang Shipbuilding, with a price target of S$3.80. The company’s shares closed last Friday at $1.52.Hwa Ho covers the Industrials sector, focusing on stocks such as Yangzijiang Shipbuilding (Holdings), Seatrium Limited, and Sembcorp Industries. According to TipRanks, Hwa Ho has an average return of 6.4% and a 48.35% success rate on recommended stocks.The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yangzijiang Shipbuilding (Holdings) with a $2.19 average price target, implying a 44.08% upside from current levels. In a report released on April 14, CLSA also maintained a Buy rating on the stock with a S$2.6

Keppel secured fresh capital commitments of close to S$2 billion across three flagship funds. They are the Keppel Data Centre Fund III (KDCF III), the Keppel Education Asset Fund II (KEAF II) and the Sustainable Urban Renewal (SUR) strategy.These capital commitments take Keppel’s funds under management (FUM) to around S$4.9 billion.This includes US$580 million of initial capital commitments raised at the first close of its third data centre fund KDCF III as well as US$307 million of committed capital raised at the first close of its KEAF II.It also includes fresh capital commitments of around S$760 million raised for its SUR fund, Keppel said on Monday (Apr 21).Christina Tan, chief executive officer of fund management and chief investment officer at Keppel, said that the recent round of ca

Market SnapshotSingapore stocks opened higher on Monday. STI up 0.7%; ICP up 14%; OCBC and DBS up 1%.Stocks to WatchST Engineering : Ravinder Singh, group chief operating officer (technology and innovation) and president for defence and public security, will retire on May 31. Mervyn Tan, managing director for investment at venture capital firm Vertex, will join the group to assume the roles, effective Jun 1. Singh, 61, will take on an advisory role from Jun 1, ST Engineering said in a statement on Thursday. Shares of ST Engineering closed at S$7.13 on Thursday, up S$0.10 or 1.4 per cent.Keppel : The asset manager and operator announced on Monday that it secured nearly S$2 billion in new capital commitments from institutional investors across three flagship funds, representing around S$4.9

Singapore shares rose 6% this week as the softening in the trade rhetoric is being seen as a bullish sign that the Trump administration is becoming attentive to capital market developments.In terms of star stocks, $DFIRG USD(D01.SI)$ rose 11%, $SGX(S68.SI)$ rose 8%, $UOB(U11.SI)$ rose 7%; $Xiaomi HK SDR 2to1(HXXD.SI)$ fell 7%; $Meituan HK SDR 5to1(HMTD.SI)$ fell 6%; $Top Glove(BVA.SI)$ fell 4%.Market NewsSingapore Exchange Says In Q1, FX Futures Volume Increased 45% To $1.2 TrillionSingapore Exchange says that in Q1, FX fu