To The Moon

In 2024, Changi Airport registered around 67.7 million passenger movements, a mere 1% shy of the pre-pandemic figure of 68.3 million. Meanwhile, mainland China regained its position as the top market.As announced by the Changi Airport Group (CAG) in a statement on Wednesday (Jan 22), compared to 2023, the total passenger traffic in 2024 increased by 14.8%.The North Asia region witnessed a 40% growth in passenger traffic. Mainland China, the leading source market for Changi, nearly doubled its 2023 numbers and exceeded the pre - pandemic level by 6%.Data from the Singapore Tourism Board (STB) indicated that China topped the list as the source of tourists. By November 2024, nearly 2.9 million Chinese tourists had arrived in Singapore, marking a 134.1% year-on-year increase. December's figure

Singapore Post has named Isaac Mah as its group chief financial officer (CFO), with the appointment taking effect on Wednesday (Jan 22). The group had announced in December last year its plan for Mah, who was the CFO of its Australian freight-management subsidiary Freight Management Holdings at that time, to relocate to Singapore and assume this role. $SingPost(S08.SI)$ stated that 41-year-old Mah will receive guidance from board chairman Simon Israel."Considering his experience and in-depth knowledge of the group and its operations, this appointment ensures a smooth transition into the position as per the succession plans," Israel remarked. He further pointed out that Mah will be engaged in "mapping out the future course of the group and its g

Market SnapshotSingapore stocks opened higher on Wednesday. STI up 0.3%; Olam Group up 3%; UOB, Sembcorp up 1%; Nio fell 4%.Stocks to Watch $Mapletree Log Tr(M44U.SI)$: Its distribution per unit (DPU) fell 11.1 per cent year on year to S$0.02003 for its third quarter ended Dec 31, 2024, bringing its DPU for the nine-month period down 10.2 per cent to S$0.06098. Revenue for the quarter slipped 0.9 per cent from the previous corresponding period to S$182.4 million on lower contributions from China, the absence of contributions from its divested properties, and depreciation of regional currencies against the Singapore dollar, the manager said on Tuesday. Units of MLT closed 0.8 per cent or S$0.01 lower at S$1.27 on Tuesday, before the news.

Joint R&D agreement enables Neoregen and ABio to deepen research into LNP technology and mRNA vaccines. $(BXE.SI)$

Could Thai Beverage ’s much-anticipated Singapore initial public offering (IPO) for BeerCo materialise this year?In a presentation deck posted on Jan 20, ThaiBev revealed that BeerCo reported a 12% y-o-y growth in its FY2024 earnings of $214 million compared to the 25% y-o-y drop in its FY2023 earnings of $191 million, reflecting better market conditions.ThaiBev also highlighted several upside factors for BeerCo including seeing a “strong momentum” for BeerCo’s sales in Thailand in 2025 from stronger demand for key brands and higher demand for Chang Beer. BeerCo outperformed the industry in Thailand in 2024 under a “more supportive macro backdrop”. The Asean region is also tipped to be the fastest-growing beer market in the world.Other factors include BeerCo’s gaining market share in Vietn

Market SnapshotSingapore stocks opened lower on Tuesday. STI down 0.3%, Genting Singapore up 1%, Nio up 0.5%; UOB fell 1%, DBS fell 0.4%.Stocks to Watch $SEMBCORP INDUSTRIES LTD(U96.SI)$: Its wholly owned subsidiary and PT PLN Nusantara Renewables on Monday launched a utility-scale integrated solar and energy storage project in Indonesia’s new capital. The project marks Sembcorp’s first venture into large-scale solar development in Indonesia. Shares of Sembcorp ended 0.5 per cent or S$0.03 higher at S$5.66, before the news. $Hong Lai Huat(CTO.SI)$: It announced, on Jan 20, that it intends to issue and allot Ong Jia Jing, Dylan, 40.5 million new ordinary shares in the capital of the company. The shares

Marine stocks on the Singapore Exchange have thrived in the past year, with analysts upbeat about the sector's continued growth. Yangzijiang Shipbuilding's share price rose nearly 80% in the past year. Marco Polo Marine increased by over 12%. Seatrium leaped about 52% in the last six months, and Nam Cheong climbed nearly 150% during the same period. Analysts cited factors like an industry upcycle, supply shortage, and a rebound in global demand.CGS International's Singapore research head, Lim Siew Khee, stated that the shipping industry is in an upswing of the ordering cycle. She attributed this to the fact that, post-Covid-19, there has been a rise in shipping activities, which in turn has led to elevated freight rates. As a result, shipping companies have managed to strengthen their fina

The Orie, a new private residential project located in Toa Payoh, is one of the first new projects launched in 2025. It received an enthusiastic response during the first weekend of its launch, with 668 out of 777 units sold, equivalent to 86%.The Orie is jointly developed by City Developments, Frasers Property and Sekisui House from Japan. It started to be previewed by buyers on January 3rd.A joint statement released by the three developers on Sunday (19th) said that the average price per square foot of the 668 units sold was S$2,704, and Singaporean buyers accounted for 93%.The remaining 7% of the buyers are non-citizens. They are permanent residents from mainland China, Malaysia, Indonesia, the UK, Australia, Germany, Hong Kong, India, and South Korea. One unit was purchased by a non -

Market SnapshotSingapore stocks opened lower on Monday. STI fell 0.1%; Nio up 3%; SingPost rose 2%; AEM rose 1.3%; Seatrium fell 2%; Singtel fell 1%.Stocks to Watch $SEMBCORP INDUSTRIES LTD(U96.SI)$ : The energy and urban development company, through its subsidiaries Sembcorp Green Hydrogen India and Sembcorp Development, signed two non-binding memorandums of understanding (MOUs) with the state government of Odisha, on Friday. The company said the signing of the MOUs is not expected to have a material impact on earnings per share and net tangible assets per share for the financial year ending Dec 31, 2025. Shares of Sembcorp closed Friday up 1.3 per cent, or S$0.07, at S$5.63, before the news. $CityDev(C0

Singapore shares slightly rallied this week, with the $STI(STI.SI)$ up 0.24% in the last five trading days.$Japfa(UD2.SI)$ rose 10% this week, $Seatrium Ltd(5E2.SI)$ up 4%. $Top Glove(BVA.SI)$ fell 5%, $ComfortDelGro(C52.SI)$ fell 4%.Market NewsSingapore's $SEMBCORP INDUSTRIES LTD(U96.SI)$ to Build Green Hydrogen Plant in India's Odisha StateSembcorp Industries has signed a deal with the eastern Indian state of Odisha to develop a green hydrogen plant and industrial park, the company backed by Singapore state-owned investor