Market Snapshot
Singapore stocks opened higher on Friday. STI rose 0.82%; AEM SGD up over 6%; UMS, Kep Infra Tr up about 2%; JMH USD, Singtel, DBS, OCBC Bank, UOL up over 1%.
Stocks in Focus
$City Developments Ltd(C09.SI)$ (CDL): A tie-up between City Developments Ltd (CDL) and Hong Realty on Thursday has placed the top bid of S$542.4 million for a 99-year leasehold private housing site in Peck Hay Road, a short walk from Newton MRT interchange station. The top bid works out to S$1,865.15 per square foot per plot ratio. The 80:20 joint venture between CDL and Hong Realty plans to develop a 39-storey residential tower with about 380 units. Shares of CDL on Thursday ended at S$8.23, S$0.04 or 0.5 per cent lower.
Singapore Kitchen Equipment: The company responded to Singapore Exchange queries on Thursday, stating that the charges against its CEO and senior manager stem from an alleged conspiracy to mislead auditors and falsify 102 payment vouchers related to a S$742,000 bonus payment. Its board has decided to retain both executives pending the outcome of the Commercial Affairs Department investigation. Singapore Kitchen Equipment shares last closed at S$0.059 before the counter was suspended in August 2021.
SG Local News
Oiltek, Marco Polo Marine, Nam Cheong, OKP – Singapore boutique fund bets big on SGX small caps
A global equity fund has been steadily building positions in Singapore-listed small-cap stocks, with recent investments in Marco Polo Marine, Nam Cheong, OKP Holdings and Oiltek International.
The fund made headlines in June 2026 after emerging as a substantial shareholder of Marco Polo Marine. Its Ginko-AGT Global Growth Fund bought 700,100 shares in the marine logistics group for S$117,980.85, raising its stake to 195.94 million shares or 5.006 per cent.
The latest purchase works out to an average price of S$0.1685 a share.
AI predictions, consumer plays: Analysts offer SGX playbook for World Cup 2026
As the 2026 Fifa World Cup kicks off across North America, market analysts are pointing to a surprising mix of Singapore equities that are set to benefit.
While global consumer giants are the obvious winners, recent reports from Maybank Securities Singapore and OCBC Group Research have identified highly specific and unconventional angles for investors looking for action on the Singapore Exchange (SGX).
The investment playbook recommended goes well beyond the standard sportswear and beer bumps.
Instead, it features medical clinics treating sleep-deprived fans, Singapore-listed trusts cashing in on US hotel demand, and a proprietary artificial intelligence model predicting a tournament outcome that could send the Straits Times Index (STI) surging.
