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SG Morning Call|New Tranche Of S$500 CDC Vouchers Launched By PM; Food Empire Reports 16.3% Rise In Revenue For Q1

Market SnapshotSingapore stocks opened lower on Tuesday. STI fell 0.1%; Food Empire up 6%; CityDev, SIA and DBS up 0.4%.Stocks in FocusCity Developments Limited (CDL) : The property player will be repurchasing 10 per cent of its preference shares – or about 26.8 million shares – at S$0.78 a share, it announced on Tuesday. CDL has offered to repurchase these shares through the off-market equal access manner, with each pref share holder entitled to sell 10 per cent of such shares held as at 5.30 pm on Jun 2. However, pref share holders may tender shares over 10 per cent of their holding if others do not accept their full entitlement. The offer will be open for acceptance to pref share holders for 10 calendar days from the date of the letter. CDL said there will be no implications for takeov
SG Morning Call|New Tranche Of S$500 CDC Vouchers Launched By PM; Food Empire Reports 16.3% Rise In Revenue For Q1
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05-13 01:03

SG Morning Call|SG Stocks Opened Higher; YZJ Shipbldg Up 8%; UOB Up 5%; Seatrium Up 4%; OCBC And DBS Up 2%

Market SnapshotSingapore stocks opened higher on Monday. STI rose 2%; Sinarmas Land surged 15%; YZJ Shipbldg up 8%; UOB up 5%; Seatrium up 4%; OCBC and DBS up 2%.Stocks in FocusThai Beverage : The Chang beer maker announced on Friday that its profit for the second quarter ended Mar 31, 2025, decreased 3.2 per cent on the year to 6.7 billion baht (S$263.5 million), from a restated profit of seven billion baht. The group’s Q2 and H1 FY2024 financials have been restated for comparative purposes due to the consolidation of beverage maker Fraser & Neave in September 2024, said ThaiBev in a bourse filing. The profit decline is due to lower earnings in spirits and others segments. Revenue for the three months ticked down 0.6 per cent to 85.4 billion baht, from a restated top line of 85.8 bil
SG Morning Call|SG Stocks Opened Higher; YZJ Shipbldg Up 8%; UOB Up 5%; Seatrium Up 4%; OCBC And DBS Up 2%

SGX Weekly Review|Seatrium, SingPost, and DFI Retail Group up 5%; Riverstone Falls 13%; Frasers Logistics & Commercial Trust Drops 7%

Singapore shares rose 0.81% this week, as investors reacted positively to news of the US striking a trade deal with the UK – the first after President Donald Trump announced sweeping tariffs worldwide.In terms of star stocks, $Seatrium Ltd(5E2.SI)$, $SingPost(S08.SI)$, and $DFIRG USD(D01.SI)$ rose 5%. $Riverstone(AP4.SI)$ fell 13%, $Xiaomi HK SDR 2to1(HXXD.SI)$ fell 4.5%.Market NewsRiverstone Q1 Profit Slides 21.8% to RM56.4 Million Despite Higher Revenue$Riverstone(AP4.SI)$ on Wednesday (May 7) posted a profit of RM56.4 mi
SGX Weekly Review|Seatrium, SingPost, and DFI Retail Group up 5%; Riverstone Falls 13%; Frasers Logistics & Commercial Trust Drops 7%

SG Morning Call | Singapore Stocks Open Higher on Friday; OCBC Edge Down Afrer Earnings

Market SnapshotSingapore stocks opened higher on Friday. STI rose 0.3%; Sembcorp Industries rose 2%; DBS rose 7%; OCBC edged lower after earnings.Stocks in Focus$OCBC(O39.SI)$: The bank’s net profit for the first quarter fell on lower net interest income and higher operating expenses. Net profit for the three months ended Mar 31, 2025, stood at S$1.88 billion, compared with S$1.98 billion from the year-ago period, it said on Friday. The earnings beat the S$1.86 billion consensus forecast in a Bloomberg survey of five analysts. Net interest income for the quarter fell 4 per cent to S$2.35 billion, due to a falling interest rate environment. Net interest margin was down 23 basis points to 2.04 per cent for the quarter, from 2.27 per cent in the pr
SG Morning Call | Singapore Stocks Open Higher on Friday; OCBC Edge Down Afrer Earnings

CapitaLand Ascott REIT Drops 2.23% Reporting 11% Rental Growth in Q1 2025 Despite Occupancy Decline​

On April 28, CapitaLand Ascott REIT (CLAR) stated in an exchange filing that its portfolio rental income rose by 11% year-on-year in Q1 2025, despite a decline in occupancy rates.Across CLAR’s portfolio, occupancy rates fell in all regions, with the total portfolio occupancy dropping by 1.3% quarter-on-quarter.Australia saw the sharpest decline, with occupancy down 3.3% quarter-on-quarter to 89.2%. This was due to the vacancy of the logistics property at 94 Lenore Drive in Sydney and a more than 30% drop in occupancy at 108 Wickham Street in Brisbane. CLAR’s manager is negotiating with potential tenants for the Sydney property, while partial space at the Brisbane property has been leased.In Q1 2025, both Singapore and the U.S. recorded a 0.9% quarter-on-quarter decline in portfolio occupan
CapitaLand Ascott REIT Drops 2.23% Reporting 11% Rental Growth in Q1 2025 Despite Occupancy Decline​

SG Morning Call | Singapore Stocks Open Lower on Thursday; DBS Jumps 1% After Earnings

Market SnapshotSingapore stocks opened lower on Thursday. STI fell 0.3%; NIO and DBS rose 1%; Riverstone fell 5%; Singtel and Keppel fell about 2%.Stocks to Watch$DBS(D05.SI)$: The bank’s net profit for its first quarter fell due to higher tax expenses from the implementation of the 15 per cent global minimum tax, it said on Thursday. Net profit for the three months ended Mar 31, 2025, stood at S$2.9 billion, 2 per cent lower than the S$2.95 billion from the year-ago period. The earnings beat the S$2.87 billion consensus forecast in a Bloomberg survey of eight analysts. Shares of DBS closed 0.5 per cent or S$0.23 lower at S$42.76 on Wednesday.$Great Eastern(G07.SI)$: The life insurance company on Thur
SG Morning Call | Singapore Stocks Open Lower on Thursday; DBS Jumps 1% After Earnings

SG Morning Call | Singapore Stocks Open Higher on Wednesday; UOB Drops 2.5% After Earnings

Market SnapshotSingapore stocks opened lower on Wednesday. STI fell 0.4%; UOB fell 2.5%; OCBC and DBS fell 0.6%.Stocks to Watch$UOB(U11.SI)$: The bank’s net profit for its first quarter was flat amid broad-based growth, it said on Wednesday. Net profit for the three months ended Mar 31, 2025, stood at S$1.49 billion, almost unchanged from S$1.487 billion a year ago. The earnings missed the S$1.54 billion consensus forecast in a Bloomberg survey of five analysts. Wee Ee Cheong, chief executive and deputy chairman of UOB, noted that macroeconomic uncertainties from the US tariffs have triggered significant market volatility and disruptions in global trade. Shares of UOB closed flat at S$34.98 on Tuesday.$Sa
SG Morning Call | Singapore Stocks Open Higher on Wednesday; UOB Drops 2.5% After Earnings

Reminder: Singapore Market Will Be Closed on Monday, May 12 for Vesak Day

Vesak Day is around the corner. The Singapore market will be closed on Monday, May 12, 2025. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.About Vesak DayVesak, also known as Buddha Jayanti, Buddha Purnima, and Buddha Day, is a holiday traditionally observed by Buddhists in South Asia and Southeast Asia, as well as Tibet and Mongolia. It is the most important Buddhist festival. The festival commemorates the birth, enlightenment, and passing of Gautama Buddha in Theravada, Tibetan Buddhism and Navayana. $(STI.SI)$
Reminder: Singapore Market Will Be Closed on Monday, May 12 for Vesak Day

SG Morning Call | Singapore Stocks Open Higher on Tuesday; FHT Drops 1.5% After Earnings

Market SnapshotSingapore stocks opened higher on Tuesday. STI rose 0.4%; NIO and Genting Singapore rose 1%; Singtel rose 0.8%; UOB rose 0.5%; DBS and OCBC rose 0.3%; FHT fell 1.5%.Stocks to Watch$Sinarmas Land(A26.SI)$: W Capital, the independent financial advisor (IFA) appointed by Sinarmas Land to opine on its privatisation offer by the Widjaja-family linked Lyon Investments, responded to an article by The Business Times and a statement by Sias that were both published on Monday. Both parties had made claims that the IFA’s valuation range of S$0.35 to S$0.361 for shares of Sinarmas Land of was undervalued. W Capital said on Tuesday that it had adopted to most appropriate methodologies in line with conventional industry practice by ot
SG Morning Call | Singapore Stocks Open Higher on Tuesday; FHT Drops 1.5% After Earnings

Singapore Dollar Surges to 1.29 to US Dollar Amid Asia Currency Rally

Asian currencies rallied on May 5, spurred by hopes of a thaw in the US-China trade war and regional tariff deals with the Trump administration. Bloomberg’s gauge of Asian currencies hit a six-month-high, with Taiwan’s dollar soaring 2.7 per cent, the most since 1988. Meanwhile, Malaysia’s ringgit advanced 1.3 per cent to its strongest since October 2024, while South Korea’s won also strengthened by 1.3 per cent. Singapore’s currency was up 0.6 per cent to 1.292 per US dollar as at 12.07pm local time. This brought its advance to date in 2025 to 5.3 per cent. The last time the Singapore dollar closed above the 2.9 level was in September 2024.The Japanese yen rose 0.6 per cent against the US currency, while the Australian dollar was up 0.5 per cent.The rally in regional s
Singapore Dollar Surges to 1.29 to US Dollar Amid Asia Currency Rally

SG Morning Call | Singapore Stocks Open Higher; Yangzijiang Shipbuilding Drops 4%

Market SnapshotSingapore stocks opened higher on Monday. STI rose 0.1%; DBS rose 0.8%; OCBC rose 0.3%; UOB rose 0.2%; Yangzijiang Shipbuilding fell 4%.Stocks to Watch$CapitaLand Integrated Commercial Trust(C38U.SI)$ (CICT): The manager of the trust on Friday announced the sale of its stake in the serviced residence component of CapitaSpring. CICT owns a 45 per cent interest in Glory SR Trust, which holds the serviced residence component of the integrated development. The manager did not disclose the purchasers, but described them as an “unrelated third party”. Located in the Central Business District, CapitaSpring comprises 299 serviced residence units, as well as office and retail spaces. The agreed property value of the serviced residence com
SG Morning Call | Singapore Stocks Open Higher; Yangzijiang Shipbuilding Drops 4%

SGX Weekly Review|SIA Rises 0.6%; Yangzijiang Shipbuilding Jumps 8%; iFast Plunges 12%

Singapore stocks rose this week before Singaporeans head to the polls. STI gained 0.6% to 3,845.14.Market NewsSingapore Factory Activity in April Records Steepest Fall Since Covid, Mirroring Regional PullbackSingapore’s overall factory activity fell sharply last month, retreating into contraction territory and mirroring the regional pullback, as US President Donald Trump’s “Liberation Day” tariffs began to exact a toll on manufacturers.The city-state’s Purchasing Managers’ Index (PMI) dropped to 49.6, shaving off one point from the previous month and ending a 19-month streak of expansion, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) showed on Friday (May 2). A reading above 50 indicates expansion.The electronics sector PMI, which was on a 17-month s
SGX Weekly Review|SIA Rises 0.6%; Yangzijiang Shipbuilding Jumps 8%; iFast Plunges 12%

SG Morning Call | STI Rises 0.27%; First Sponsor up 2.88%; UOB up 1.24%; CapitaLand Investment Down 6.9%; Mapletree Industrial Trust Down 2.5%

Market SnapshotSingapore stocks opened higher on Friday. STI rose 0.27%; First Sponsor up 2.88%; UOB up 1.24%; CapitaLand Investment down 6.9%; Mapletree Industrial Trust down 2.5%.Stocks to Watch$CapitaLand Investment(9CI.SI)$ (CLI): The real estate investment manager reported a total revenue of S$496 million for the first quarter ended Mar 31, down 24 per cent from S$650 million in the corresponding period the year before. On Wednesday, the company said that much of the decline came from the deconsolidation of CapitaLand Ascott Trust (Clas). In December 2024, CLI sold a 4.9 per cent stake in Clas for S$162 million to an unrelated party. On a like-for-like basis, revenue remained “stable” since that of Q1 2024 would have been S$496 million, aft
SG Morning Call | STI Rises 0.27%; First Sponsor up 2.88%; UOB up 1.24%; CapitaLand Investment Down 6.9%; Mapletree Industrial Trust Down 2.5%

CDL Hospitality Trust Reports Q1 Earnings Decline Amid Lower Revenue

The stapled group's net property income (NPI) for the first quarter ended March dropped 14.2% year-on-year to S30 million, down from S34.9 million in the same period last year.Revenue also declined by 2.8% to S63.4 million, compared to S65.3 million previously, according to a business update released on Wednesday.Meanwhile, units of CDLHT closed at S0.795 on Tuesday, up1.3% or 0.01 from the previous trading session. $(J85.SI)$
CDL Hospitality Trust Reports Q1 Earnings Decline Amid Lower Revenue

Far East Hospitality Trust Reports Lower Q1 Earnings Amid Reduced Hotel Revenue​

The managers of the trust announced on Wednesday that net property income for the first quarter ended March declined 8.3% year-on-year to S23 million, down from S25.1 million in Q1 FY2024.Revenue for Q1 FY2025 also fell by 6.8% to S25.2 million, compared to S27.1 million in the same period last year. The decrease was primarily attributed to lower master lease revenue from hotels and serviced residences, as this year lacked major events that had boosted earnings in the previous year.Meanwhile, the stapled securities of FEHT closed at S0.555 on Tuesday, up0.90.005 from the previous session. $(Q5T.SI)$
Far East Hospitality Trust Reports Lower Q1 Earnings Amid Reduced Hotel Revenue​

ST Engineering to Issue $750 Million Bonds​

ST Engineering announced after market close on Tuesday (April 29) that its wholly-owned subsidiary, ST Engineering RHQ, will issue bonds totaling 750 million (approximately S981 million). These bonds are part of the company’s S$5 billion global medium-term note program.The bonds are expected to be issued on May 8, with an annual coupon rate of 4.25% and a maturity date of May 8, 2030. Interest will be paid annually at a fixed rate. The bonds will be issued in denominations of 200,000andmultiplesof1,000 thereafter.ST Engineering stated that the net proceeds from the issuance will be used to refinance existing debt. The bonds are primarily targeted at institutional and qualified investors. The company will apply for listing and trading approval on the Singapore Exchange (SGX), with trading e
ST Engineering to Issue $750 Million Bonds​

SG Morning Call | STI up 0.24%; TZJ Fin Hldg up 1.5%; DBS Group up 1.2%; NIO Down 2.6%; Apple Retains Top Spot Among Singapore’S Best Employers

Market SnapshotSingapore stocks opened higher on Wednesday. STI rose 0.24%; TZJ Fin Hldg up 1.5%; DBS Group up 1.2%; UOB up 0.7%; OCBC Bank up 0.3%; NIO down 2.6%; Thomson Medical down 2.4%.Stocks to Watch$Wilmar International(F34.SI)$: The agribusiness group reported a 13.5 per cent increase in earnings for Q1 2025 to US$343.9 million from US$302.9 million in Q1 2024 on Tuesday. Revenue for Q1 2025 grew 3.3 per cent to US$16.2 billion from US$15.7 billion in the previous corresponding period. The growth in earnings was driven by better performance in the food products, plantation and sugar milling segments. Shares of Wilmar closed down 3.8 per cent or S$0.12 to S$3.02 on Tuesday, before the news.$ST Engi
SG Morning Call | STI up 0.24%; TZJ Fin Hldg up 1.5%; DBS Group up 1.2%; NIO Down 2.6%; Apple Retains Top Spot Among Singapore’S Best Employers

SG Morning Call | STI up 0.14%; NIO up Nearly 5%; SingPost up 1.8%; OCBC Bank up 0.8%; Genting Sing up 0.7%; UOB up 0.6%; SIA up 0.5%

Market SnapshotSingapore stocks opened higher on Tuesday. STI rose 0.14%; NIO up nearly 5%; SingPost up 1.8%; OCBC Bank up 0.8%; Genting SIng up 0.7%; UOB up 0.6%; SIA up 0.5%.Stocks to Watch$CapitaLand Ascendas Reit(A17U.SI)$ (Clar): The Reit reported a growth in portfolio rental reversions of 11 per cent in the first quarter of 2025, despite occupancy dipping, in a bourse filing on Monday. All geographies across Clar’s portfolio saw a fall in occupancy, with a 1.3 per cent quarter-on-quarter (qoq) decline in total portfolio occupancy. Australia saw the biggest decrease, falling 3.3 per cent qoq to 89.2 per cent. Units of Clar closed up 0.8 per cent or S$0.02 at S$2.68 on Monday.$Sats(S58.SI)$: Worl
SG Morning Call | STI up 0.14%; NIO up Nearly 5%; SingPost up 1.8%; OCBC Bank up 0.8%; Genting Sing up 0.7%; UOB up 0.6%; SIA up 0.5%

SG Morning Call | STI rises 0.2%; YZJ Fin Hldg up 3.6%; OCBC Bank up 0.6%; SIA up 0.3%; iFast down 3.9%; UOB down 2.3%

Market SnapshotSingapore stocks opened lower on Monday. STI rose 0.2%; YZJ Fin Hldg up 3.6%; OCBC Bank up 0.6%; ST Engineering up 0.55%; SIA up 0.3%; iFast down 3.9%; UOB down 2.3%.Stocks to Watch$ST Engineering(S63.SI)$: The group announced on Monday it secured new contracts worth about S$4.4 billion in the first quarter of 2025. These comprised S$1.3 billion from the commercial aerospace segment, S$2.7 billion from the defence and public security segment, and S$500 million from the urban solutions and satcom segment. The counter closed on Friday 1.2 per cent or S$0.09 lower at S$7.23, before the news.$Seatrium(5E2.SI)$: It announced on Friday that Stephen Lu, its executive vice-president (EVP) for s
SG Morning Call | STI rises 0.2%; YZJ Fin Hldg up 3.6%; OCBC Bank up 0.6%; SIA up 0.3%; iFast down 3.9%; UOB down 2.3%

SGX Weekly Review|STI Jumps 2.8%; NIO Rallies 16%; iFast, JMH USD Jump over 8%; Keppel, HPH Trust SGD Rise over 7%

STI rose 2.78% this week as Singapore market responded positively to optimism around the US and China scaling back their tariffs stance.In terms of star stocks, $NIO(NIO.SI)$ rose 15.88%, $IFAST(AIY.SI)$ rose 8.45%, $JMH USD(J36.SI)$ rose 8.13%; $HPH Trust SGD(P7VU.SI)$ rose 7.6%; $Keppel(BN4.SI)$ rose 7.27%.Market NewsNio Showcases New BrandsGlobal tariff news have helped support $NIO(NIO.SI)$ stock. Trade between the U.S. and China has virtually halted for the time being, and that has given Chinese domestic automakers an
SGX Weekly Review|STI Jumps 2.8%; NIO Rallies 16%; iFast, JMH USD Jump over 8%; Keppel, HPH Trust SGD Rise over 7%

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