SG Morning Call | Singapore Stocks Open Lower; Keppel Reit Preferential Offering Closes with 76.9% Valid Acceptances
Market SnapshotSingapore stocks opened lower on Wednesday. STI fell 0.2%; ST Engineering rose 0.9%; NIO fell 1.2%; OCBC fell 0.6%; Yangzijiang Shipbuilding and Keppel fell 0.5%; UOB and DBS fell 0.2%.Stocks in Focus$Keppel Real Estate Investment Trust(K71U.SI)$ (Reit): The trust on Tuesday said that it has received valid acceptances of 76.9 per cent at the close of its preferential offering announced on Dec 11, 2025. It received valid acceptances for 709.4 million units, out of the 923.2 million units on offer. It received excess applications of 185.7 million units, or 20.1 per cent of the total number of units available under the preferential offering. The new units will be listed on the Singapore Exchange from 9 am on Jan 19. Units of Keppel
Singapore Exchange Proposes Bond Futures Targeting India and Southeast Asia
Singapore Exchange (SGX) has conducted numerous discussions with treasury officials from international banks regarding the potential launch of futures contracts linked to specific Asian government bond markets, according to sources with knowledge of the situation. The exchange explored the introduction of these futures for nations such as India, Indonesia, Malaysia, the Philippines, and Thailand, the sources revealed, requesting anonymity due to the private nature of the talks. These instruments enable investors to manage their risk against interest rate fluctuations by agreeing to buy or sell bonds at a predetermined future date on an exchange. These deliberations highlight the increasing investor appetite for the region's debt markets. Indian bonds have been progressively included in maj
DBS Selects Gold and Defense Stocks as Geopolitical Instability Winners
The DBS Chief Investment Office (CIO) team anticipates that gold and defense stocks will deliver strong performance in the current climate of relatively heightened geopolitical tensions. Although DBS investment strategist Goh Jun Yong believes the US action against Venezuela will not impact energy prices, he contends it will lead to a "chronically elevated" state of geopolitical friction. "What Venezuela truly confirms for us is that the US currently has a greater tendency to take military action when it encounters something it disapproves of," stated Goh. "In such an environment, gold is positioned to perform exceptionally well," he added during the bank's first-half 2026 outlook briefing. "I believe defense companies are really going to excel, irrespective of whether military action actu
SG Morning Call | Singapore Stocks Open Higher; DBS Suggests Investors Hedge US Dollars
Market SnapshotSingapore stocks opened higher on Tuesday. STI rose 0.4%; Seatrium, Keppel, Singtel, and SGX rose about 1%; OCBC rose 0.7%; DBS and UOB rose 0.2%.Stocks in Focus$Thomson Medical(A50.SI)$: The mainboard-listed group on Monday announced that it has appointed Tong Kooi Ong, 66, as its independent, non-executive chairman to its board, effective Feb 1 this year. Tong succeeds Ng Ser Miang, 76, who steps down on Jan 31. Ng has been the chairman of Thomson Medical since 2015. The counter closed 1.6 per cent or S$0.001 lower at S$0.062 prior to the news.$Vin’s Holdings(VIN.SI)$: The car dealer on Monday launched a S$20 million multicurrency commercial paper facility programme to be issued entir
Vietnam’s Standing Deputy Prime Minister Visits UOB
On January 11, Nguyen Hoa Binh, Vietnam’s Standing Deputy Prime Minister, visited UOB during his official trip to Singapore, engaging with officials and business leaders to deliberate on the establishment of the Vietnam International Financial Centre (IFC), a project unveiled the previous month. During the meeting at UOB, which was hosted by Deputy Chairman and CEO Wee Ee Cheong, discussions centered on Vietnam's strategic outlook for the IFC, key policy initiatives, and the potential for global financial institutions to contribute to and bolster the growth of Vietnam's financial landscape. UOB, which set up operations in Vietnam over thirty years ago as the first Singaporean bank to do so, regards the nation as one of its pivotal regional markets. “As a locally incorporated institution to
SG Morning Call | Singapore Stocks Open Higher; DBS’ Equities Head Sees Buoyant 2026 for Singapore IPOs
Market SnapshotSingapore stocks opened higher on Monday. STI rose 0.2%; DBS rose 0.8%; Keppel rose 0.7%; SGX rose 0.5%; OCBC rose 0.3%; UOB rose 0.2%.Stocks in Focus$Singapore Exchange(S68.SI)$ (SGX): The Monetary Authority of Singapore (MAS) on Friday proposed various legislative and regulatory changes to facilitate the establishment of the SGX-Nasdaq dual-listing bridge. MAS is seeking feedback on using a single prospectus for a dual listing as well as proposing an amendment that will enable earlier engagement of retail investors after an initial public offering is lodged. SGX shares closed S$0.20 or 1.2 per cent higher at S$17.51 on Friday, before the news.$Nam Lee Pressed Metal Industries(G0I.SI)$
SG Morning Call | UI Boustead Is Said to Seek $700 Million Singapore IPO in March
Market SnapshotSingapore stocks opened lower on Friday. STI down 0.3%; Golden Agri-Res up 2%; OCBC down 2%; ST Engineering down 1%.Stocks in Focus$China Aviation(G92.SI)$: Its parent China National Aviation Fuel (CNAF) will merge with Chinese state-owned oil and gas enterprise Sinopec, the group’s board said on Thursday. If the merger goes through, Sinopec is expected to absorb all of CNAF’s assets and operations, reported Bloomberg. Shares of CAO closed flat at S$1.65, before the announcement.$Geo Energy Res(RE4.SI)$: The Indonesian coal producer announced its acquisition of majority stakes in two Indonesian shipping companies. This comes as resolutions related to its acquisition of 51 per cent stake
SG Morning Call | Singapore Interest Rates Could Bottom Out in Second Quarter of 2026: UOB
Market SnapshotSingapore stocks opened higher on Thursday. STI rose 0.1%; Golden Agri-Res up 2%; SingPost, Singtel up 1%.Stocks in Focus$Frasers Cpt Tr(J69U.SI)$: The trust’s manager announced its entry into a S$400 million green loan facility. It involves a green term loan and revolving credit facilities, in an agreement between the trust and lenders DBS, OCBC and Maybank. The manager said around US$2.68 billion in facilities would be affected if mandatory prepayment were to occur. Units of FCT closed S$0.01 or 0.4 per cent lower at S$2.27, before the announcement.$CapitaLandInvest(9CI.SI)$: The asset manager on Thursday announced that capital partner CapitaLand Southeast Asia Logistics Fund has bou
Singapore Telecommunications Ltd (Singtel) shares declined approximately 2.4% to S$4.43 during Wednesday afternoon trading, as the telecom operator advanced with a 50Gbps fibre broadband trial announced earlier this week. The stock fluctuated between S$4.42 and S$4.56 throughout the session, with its earnings report scheduled for February 18. Singtel has initiated a technical trial for 50 gigabits per second fibre broadband—the first of its kind by an operator in Singapore—without confirming a timeline for a commercial launch. The pilot utilizes XGS-PON (10 Gigabit Symmetrical Passive Optical Network), a fibre access standard, to rigorously test whether networks can sustain significantly higher speeds while maintaining low latency, the delay in data transfer, as households and businesses h