To The Moon

Market Snapshot Monday, August 31, Singapore shares commenced the session in negative territory, with the Straits Times Index (STI) declining 0.11%. $AEM SGD(AWX.SI)$ slid over 2%, $UMS(558.SI)$ fell 1.8%, and $JMH USD(J36.SI)$ retreated 0.77%. In contrast, Kep Infra Tr climbed nearly 1%, while OCBC Bank and DBS added 0.7% and 0.5%, respectively. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Monday (Aug 31): ComfortDelGro : A consortium formed by ComfortDelGro (CDG) and French transport company RATP Dev will operate and maintain all four lines of the Copenhagen metro system from September 2027,

Singapore’s benchmark indices were mixed this week, with the Straits Times Index (STI) edging up 0.19% for the week. All three local banking heavyweights closed higher: $DBS(D05.SI)$ added 0.2% week on week, $OCBC Bank(O39.SI)$ rose 0.29% and hit a fresh intraday record on Aug 26, while $UOB(U11.SI)$ gained 0.62% across the week. Elsewhere, $Seatrium Ltd(5E2.SI)$ advanced 2.33% and $Wilmar Intl(F34.SI)$ climbed 2.7%. On the downside, $UOL(U14.SI)$ dropped 3.87%, $DFIRG USD(D01.SI)$

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.15%; AvePoint up 7%; Seatrium, UOL, AEM SGD up over 1%; YZJ Maritime, Great Eastern, YZJ Shipbldg up within 1%. Stocks in Focus $Frencken(E28.SI)$: The tech solutions provider on Thursday announced that it plans to raise S$100 million through a proposed placement of 44.1 million shares at S$2.2687 each. The new shares will be offered privately to institutional and accredited private investors. The proposed placement share price is at a 10 per cent discount and represents about 10.3 per cent of the existing issued shares as at Thursday. The counter closed flat at S$2.54 on Tuesday, before the company called for a trading halt. It resumes trading on Friday.

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 0.27%; Sri Trang Agro, AEM SGD up over 2%; UMS, ST Engineering, ThaiBev, Olam Group up over 1%. Stocks in Focus $UOB(U11.SI)$: The bank on Thursday said it priced a one billion euro (US$1.2 billion) dual-tranche covered bond transaction across two-year and five-year tenors, the first offering of its kind by an Asian issuer. The issuance generated “exceptionally strong” demand, with order books peaking at over 4.25 billion euros, allowing the bank to significantly tighten pricing and achieve highly attractive funding costs. UOB shares fell 0.4 per cent or S$0.16 to close at S$40.95 on Wednesday. $ST Engineering(S63.SI)$: The group’s ur

Market Snapshot Singapore stocks opened flat on Wednesday. Wing Tai, Golden Agri-Res up nearly 2%; SingPost jumped 1.5% as Q1 operating profit up 55.2%; UOB Kay Hian, PanUnited up around 1%. Stocks in Focus $Singapore Post(S08.SI)$ (SingPost): The postal service operator posted an operating profit of S$4.1 million for its first fiscal quarter ended Jun 30, up 55.2 per cent on an annualised basis. The growth was driven primarily by cost management, lower labour-related costs and efficiency gains, the group said on Wednesday. Group revenue for Q1 fell marginally by 0.9 per cent year on year to S$93.4 million, but operating profit margin expanded from 2.8 to 4.4 per cent. SingPost shares fell 2.9 per cent or S$0.01 to close at S$0.33 on Tuesday. $Marco

Market Snapshot Singapore stocks opened flat on Tuesday. Olam Group down 2.8%; Frasers Property down 2%; OUEREIT, AEM SGD down over 1%; iFast, DBS down slightly. Stocks in Focus $Frasers Property(TQ5.SI)$: Its wholly owned subsidiary Frasers Property Treasury on Tuesday proposed issuing S$150 million of fixed rate notes under its S$5 billion multicurrency debt issuance programme. OCBC has been appointed as the joint lead manager and active bookrunner and CIMB will be the joint lead manager and passive bookrunner. The interest rate for the notes is fixed at 3.5 per cent per annum payable semi-annually in arrear. Shares of Frasers Property ended flat at S$1.03 on Monday. $UltraGreen.ai(ULG.SI)$: The com

Market Snapshot Singapore stocks opened higher on Monday. STI rose 0.3%; Wilmar Intl up over 2%; Golden Agri-Res, iFast, YZJ Shipbldg, CityDev, Kep Infra Tr, Mapletree Log Tr up around 1%. Stocks in Focus $Mapletree Industrial Trust(ME8U.SI)$: The chief executive of the manager, Lily Ler, is stepping down from her position to become group chief financial officer of Mapletree Investments, the trust’s sponsor. She will officially vacate her positions as CEO and executive director of the manager on Oct 1, the manager said on Friday. She will be replaced by Anand Tze Ming Chandran, the current head of Asia-Pacific data centres at Mapletree Investments. The trust’s units closed at S$1.92 on Friday, up 0.5 per cent or S$0.01, before the news.

Singapore stocks fell this week, with the STI down 1%. In terms of individual stocks, $Bumitama Agri(P8Z.SI)$ up 15%; $First Resources(EB5.SI)$ up 12%; $Sri Trang Agro(NC2.SI)$, $HPH Trust USD(NS8U.SI)$ up over 8%; $Golden Agri-Res(E5H.SI)$ up 7%. Market News CapitaLand and IOI Close to Buying Singapore $1.9 Billion Office Towers, Bloomberg Reports CapitaLand Investment and Malaysian developer IOI Properties Group are nearing a deal to buy an iconic office development in Singapore’s commercial center, according to people familiar with the matter, Bloomberg reported, T

Market Snapshot Singapore stocks opened lower on Friday. STI fell 0.5%; OCBC fell 1%; UOB fell 0.7%;Singtel fell 0.5%; DBS fell 0.4%. Stocks in Focus $Jardine Cycle & Carriage Limited(C07.SI)$: JC&C announced on Friday that it has entered into a conditional share and asset purchase agreement to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia to CCHPL Holdings, a wholly owned subsidiary of Indonesia’s Chandra Asri Pacific. The estimated base purchase price payable in cash is around S$265 million. Shares of JC&C ended at S$27.50 on Thursday, 1.2 per cent or S$0.32 higher. $Creative Technology(C76.SI)$: The technology group on Thursday pos

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 04%; Sats fell 6%; SIA fell 0.7%; OCBC fell 0.6%; DSB fell 0.4%. Stocks in Focus $OCBC(O39.SI)$: The bank announced on Thursday that it has priced £1 billion (US$1.4 billion) in aggregate principal amount of floating rate covered bonds due 2029. The covered bonds will bear interest at the compounded daily Sterling Overnight Index Average rate, plus 0.48 per cent per annum payable quarterly in arrear. The bonds are expected to be issued on Aug 26 and listed on the Singapore Exchange (SGX) on Aug 27. Shares of OCBC ended at S$30.94 on Wednesday, S$0.01 or 0.03 per cent lower. $Sats(S58.SI)$: The company on Wednesday posted a S$75.1 mill