SG Morning Call｜Singapore Stocks Opened Higher; YZJ Maritime Up 3%; YZJ Fin And SingPost Up 1%
Market Snapshot
Singapore stocks opened higher on Wednesday. STI up 0.5%; YZJ Maritime up 3%; YZJ Fin and SingPost up 1%.
Stocks in Focus
Frasers and Neave (F&N) : The beverage giant will invest up to NZ$20.1 million (S$15 million) in New Zealand-based honey producer Comvita. The group on Wednesday said this comes as the company shapes its portfolio with a focus on categories where there is resilient demand and long-term growth. The counter closed at S$1.45, down 0.7 per cent or S$0.01, before the news.
Yangzijiang Maritime : The group has secured leasing agreements valued at US$89.8 million covering 13 vessels, it said on Tuesday. Their lease periods range from one to eight years. The agreements cover 12 oil, chemical and product tankers, and one anchor handling tug supply vessel. Shares of Yangzijiang Maritime closed at S$0.66, up 5.6 per cent or S$0.035, before the announcement.
Lendlease Global Commercial Real Estate Investment Trust (Reit) : The manager of the Reit on Tuesday priced its S$120 million in perpetual securities at 4.28 per cent. This falls under the S$1 billion multicurrency debt issuance programme of DBS. DBS, OCBC, and UOB have been appointed as the joint lead managers and bookrunners of the perpetual securities offering. They are expected to be issued on Apr 23, 2026. Units of the Reit ended Tuesday at S$0.575, up 0.9 per cent or S$0.005, before the announcement.
SG Local News
Hiring, wage growth likely to ease in 2026 due to Middle East conflict: MAS
Amid growing uncertainties from the Middle East conflict, companies could become more cautious in hiring extra manpower in 2026 and salary increments are likely to be smaller than the previous year, said the Monetary Authority of Singapore (MAS) on Tuesday (Apr 14).
In its latest quarterly macroeconomic review, MAS cited a business optimism index conducted by the Singapore Commercial Credit Bureau during the outbreak of the war and said that the overall business outlook has softened slightly.
Inflation expected to ease in 2027 but prolonged Middle East conflict may keep prices high, slow growth: MAS
Inflation is expected to "ease progressively" over 2027 in line with global energy prices, but a prolonged disruption to energy supplies risks driving up inflation and stifling economic growth here, the Monetary Authority of Singapore (MAS) said in its latest quarterly macroeconomic review on Tuesday (Apr 14).
"The trajectory of inflation beyond 2026 will depend heavily on global energy and food prices, as well as growth developments," said MAS, noting that even if supplies from the Middle East resume, global oil prices are expected to remain elevated for some time.
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