To The Moon

Market Snapshot

Singapore stocks opened lower on Monday. STI fell 0.09%; Centurion, Boustead up nearly 2%; Kep Infra Tr up 1%; SIA, YZJ Shipbldg down 0.8% each.

Stocks in Focus

$Q&M Dental(QC7.SI)$: Q&M Dental is acquiring dental groups in Australia and Thailand in a combined US$113.2 million push to build a pan-Asia dental company, the group announced on Sunday. It also said that it would defer further action on plans for a secondary listing on Bursa Malaysia, first announced in April 2025. Shares of Q&M last traded at S$0.555 on Thursday, before it called for a trading halt. The halt was lifted on Monday.

$Suntec Reit(T82U.SI)$: Property tycoon Celine Tang has been appointed as chairman and non-executive director to the board of Suntec Real Estate Investment Trust’s (Reit) manager, the manager announced on Friday. Tang, together with her husband Gordon Tang, owns Tang Organization, the sponsor of Suntec Reit. Units of Suntec Reit closed 0.7 per cent or S$0.01 higher at S$1.48 on Friday, before the announcement.

$PropNex(OYY.SI)$: A lawsuit filed against PropNex’s wholly owned subsidiary, PropNex Realty, has been dropped, the property group announced on Friday. Shares of PropNex ended at S$1.82 on Friday, 0.6 per cent or S$0.01 higher.

SG Local News

Singapore, Hong Kong IPO Rebound Set to Continue into H2 2026, but Risks Remain

A revival in initial public offerings in Singapore and Hong Kong is expected to extend into the second half of 2026, as regulatory reforms and improving market liquidity sustain a strong recovery in listing activity.

Singapore’s IPO market has emerged from a prolonged lull, with five listings raising about S$1.1 billion in the first six months of the year, up from just a single IPO for the same period in each of the last two years.

The five listings in the first half spanned real estate investment trusts (Reits), technology and event management companies. Since then, Foundation Healthcare made its debut on the mainboard, with three more listings expected to come.

Singapore Proposes Mandatory Notification When Firms Use Personal Data for AI Training

Organisations that use personal data to train generative artificial intelligence models must clearly notify users affected under proposed new rules.

The Personal Data Protection Commission (PDPC), which consulted the public on the rules, said this is a necessary safeguard against the misuse of consumer data to train completely unforeseen services such as financial profiling.

In its proposed advisory guidelines, PDPC said organisations should issue AI-specific notifications instead of relying on broad privacy notices that personal data may be used for purposes such as “new product development”.

Industry Calls for Closer Look at Commercial Vehicle Category as Its COE Premiums Breach New High

On the back of record-breaking premiums, industry players are calling for changes to Certificate of Entitlement (COE) rules for Category C, which is to register commercial vehicles.

Direct action is needed to ensure that smaller businesses are not priced out of the market, said observers, even as a review of the COE system is underway.

Christopher Tan, associate faculty member at the Singapore University of Social Sciences (SUSS), said: “High Category C premiums have dire consequences for smaller businesses and tradesmen, who will find it increasingly difficult to eke out a living. But it is also reflective of a need for wider reform in our transportation system.”