Market SnapshotSingapore stocks opened lower on Friday. STI fell 0.3%; Nio rose 7%; Singtel up 1%.Stocks in Focus$Keppel(BN4.SI)$: The global asset manager is set to revive construction for its stalled Saigon Centre project in late 2026. Saigon Centre, a mixed-use development in Ho Chi Minh City’s central business district, has been delayed for decades due to the complex process of transferring land from the state. The project was valued at about S$433.6 million when Keppel released its first-quarter results. It is expected to be completed within the following four to five years. Shares of Keppel ended Thursday 1.5 per cent or S$0.14 higher at S$9.44, after the news.$CapitaLandInvest(9CI.SI)$: The rea
XPEV, NIO & LI Earnings Out: Which One Is the Best Play?
NIO is still posting losses, with a Q3 net loss of ¥3.48 billion, though this marks a narrowing of over 30%. At the same time, the company’s overall gross margin reached 13.9%, the highest in three years, and both operating cash flow and free cash flow turned positive. This time, NIO not only expressed confidence in achieving profitability in Q4 but also set more ambitious targets, aiming for full-year profitability next year. Li Auto’s Q3 revenue fell 36% year over year, with a net loss of 624 million yuan. Its Q4 guidance came in nearly 30% below expectations.
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