To The Moon

Singapore stocks fell this week, with the STI down 0.6%, as investors responded positively to hopes of the US and Iran reach a deal to end hostilities. In terms of individual stocks, $SATS(S58.SI)$ rose 17.38%; $Frencken(E28.SI)$ rose 11%; $AEM SGD(AWX.SI)$ rose 8.8%; $UMS(558.SI)$ rose over 6%; $First Resources(EB5.SI)$, $Jardine C&C(C07.SI)$ down over 6%; $JMH USD(J36.SI)$, $Haw Par(H02.SI)$ down around 7%. SATS Jumps over 17% as

Market Snapshot Singapore stocks opened lower on Friday. STI rose 0.7%; Seatrium rose 1.8%; ST Engineering rose 1.7%; Keppel rose 1.4%; SGX and Sembcorp rose 1%. Stocks in Focus $ST Engineering(S63.SI)$: The company said on Thursday that it has appointed Jeffrey Lam as group deputy chief executive officer, effective Jun 1. Lam, currently chief operating officer (operations excellence) and president of commercial aerospace, will step down from both roles. Shares of ST Engineering closed 0.5 per cent or S$0.06 lower at S$11.04 on Thursday, before the news. $Seatrium(5E2.SI)$: In a business update on Friday, the company reported a net order book of S$15.5 billion across 24 projects for its first quarter

Shares of Wilmar International dropped sharply by 10% at one time on Thursday, and now fell 2.22%. The company is one of ten crude palm oil exporters currently under investigation for alleged under-invoicing and transfer-pricing activities. Under-invoicing involves declaring a lower export value to shift profits to jurisdictions with lower taxes or to reduce export tax liabilities. Indonesia's Finance Minister stated that the companies shipped CPO to trading firms in Singapore, which then resold the shipments to the United States with price mark-ups reaching up to 50 percent. This has raised concerns that a portion of the export value may have been moved offshore. He noted that while domestic export documentation in Indonesia appeared correct, discrepancies were found in transit records an

Market Snapshot Singapore stocks opened lower on Thursday. NIO rose 6%; SATS rose 5%, Wilmar fell 9%. Stocks in Focus $Keppel(BN4.SI)$: It said on Tuesday that the Indonesian High Court upheld an earlier dismissal of an individual’s 2.28 trillion rupiah (S$186.3 million) claim over Jakarta land owned by its subsidiary. After the South Jakarta District Court on Feb 9 dismissed the individual’s claim over the disputed land, he submitted an appeal against the decision. Keppel shares closed 2.1 per cent or S$0.23 lower at S$10.84 before the news. $IHH(Q0F.SI)$: The integrated healthcare operator on Tuesday reported a 3 per cent year-on-year rise in net profit to RM528 million (S$170.1 million) for its fir

Market Snapshot The Singapore market is closed on Wednesday, May 27 2026 for Hari Raya Haji. SG Local News Singapore $1.8 Billion Office Attracts IOI, CapitaLand, Tycoons One Raffles Place, a major office complex in the heart of Singapore’s commercial center, is attracting interest from multiple suitors, according to people with knowledge of the matter, Bloomberg reported. Parties that are looking to acquire the asset, which is being marketed for more than S$2.3 billion ($1.8 billion), include father-and-son property tycoons Raj Kumar and Kishin RK, Malaysian developer IOI Properties Group Bhd. and Singapore asset manager CapitaLand Investment Ltd., the people said, asking not to be identified because the information is private. The development, which consists of two iconic office towers a

Vesak Day is around the corner. The Singapore market will be closed on Monday, June 1, 2026. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance. About Vesak Day Vesak Day is the most sacred holy day in Buddhism, commemorating the birth, enlightenment, and passing (Parinirvana) of Gautama Buddha. In Singapore, the 2026 public holiday is observed on Monday, June 1, featuring temple visits, chanting, and acts of charity. It is a time for Buddhists to reflect on Buddha's teachings of peace, compassion, and the path to enlightenment.

Market Snapshot Singapore stocks opened lower on Tuesday. STI fell 0.1%; Stas rose 2.4%; NIO rose 0.6%. Stocks in Focus $Sats(S58.SI)$: The ground handler on Monday posted a net profit of S$50.7 million for its fourth quarter ended Mar 31, an increase of 31 per cent from S$38.7 million in the year-ago period. Its revenue for the three months rose 9.8 per cent to S$1.6 billion from S$1.5 billion. The counter closed Monday 2.7 per cent or S$0.09 higher at S$3.37, before the news. $Frasers Logistics and Commercial Trust(BUOU.SI)$ (FLCT): The manager on Monday said that the trust has acquired equity interests in four property-holding companies, which collectively own two freehold logistics properties in

Market Snapshot Singapore stocks opened higher on Monday. STI rose 0.5%; Genting Singapore rose 2%; Keppel rose 0.8%; UOB, OCBC, and SIA rose 0.6%; DBS rose 0.5%. Stocks in Focus $The Hour Glass(AGS.SI)$: The luxury watch retailer on Friday posted a 39 per cent increase in net profit to S$103.8 million for its second half ended Mar 31, on the back of stronger sales momentum. This was up from S$74.4 million a year earlier. Its revenue for the period rose 16 per cent year on year to S$722.8 million, from S$622.6 million. Shares of The Hour Glass rose 2.1 per cent or S$0.05 to close at S$2.46 on Friday, before the release of results. $UI Boustead Reit(UIBU.SI)$,

Singapore stocks rose this week, with the STI up 1.6%, as investors responded positively to hopes of the US and Iran reach a deal to end hostilities. In terms of individual stocks, ST Engineering rose 8.7%; SGX rose 6%; DBS rose 3.2%; Keppel rose 2.9%; SIA rose 2.7%; OCBC rose 2.6%; Sembcorp rose 1.3%; UOB rose 1.1%; Yangzijiang Shipbuilding and Singtel fell 4.8%; Wilmar fell 5.5%; NIO fell 13.6%. Market News Singapore Tops Indonesia as Biggest Southeast Asia Stock Market Singapore has overtaken Indonesia as Southeast Asia's largest stock market, signaling investors’ endorsement of the city-state's market reforms and their diminishing confidence in the larger country’s economic management. Singapore's market capitalization has climbed to $645 billion, while that of Indonesia has fallen by

Market Snapshot Singapore stocks opened higher on Friday. STI up 0.3%; Keppel up 4%; Genting Sing up 2%. Stocks in Focus Keppel : BN4: The group on Friday announced the termination of its proposed divestment of M1, as the sale and purchase agreement to divest M1 to Simba Telecom has terminated and ceased to have effect. This follows a Monday announcement by the Infocomm Media Development Authority that it has halted its assessment of the proposed M1-Simba consolidation until further notice. The counter closed on Thursday 1 per cent or S$0.10 higher at S$10.42. Nio : NIO: The electric vehicle maker reported on Thursday a net loss of 332.1 million yuan (S$62.5 million) for its first quarter ended Mar 31, narrowing from a net loss of about 6.8 billion yuan a year earlier. Revenue stood at 25