To The Moon

Director TransactionsThe five trading sessions spanning May 2 through to May 8 saw more than 100 director interests and substantial shareholdings filed for more than 40 primary-listed stocks. Directors or CEOs filed 11 acquisitions, and one disposal, while substantial shareholders filed eight acquisitions and three disposals. 1. $UOB(U11.SI)$ On May 7, United Overseas Bank deputy chairman and CEO Wee Ee Cheong acquired 100,000 shares at an average price of S$34.48 per share. This increased his direct interest to 0.36%, and total interest from 10.75% to 10.76%.2. $UOB Kay Hian(U10.SI)$ On May 2, UOB-Kay Hian Holdings Chairman and Managing Director Wee Ee-Chao acquired 139,753 shares at S$1.80 apiece. T

SINGAPORE real estate investment trusts (S-REITs) with exposure to the industrial sub-segment have mostly reported growth in net property income (NPI) in the quarter ended March. The resilient operating performance comes as industrial S-REITs report stable occupancies and positive rental reversions in the most recent quarter. However, the REIT managers are more cautious on the outlook – with greater emphasis on tenant retention and cost management – given the challenging macroeconomic environment affected by global tariffs and trade uncertainty.Of the seven S-REITs that focus on the industrial sub-sector, three reported full-year results in the latest earnings season, while the others provided updates on their first quarter performance.1. $Map

In the four trading sessions between Apr 25 and 30, nearly 80 director interests and substantial shareholdings were filed for more than 40 primary-listed stocks. Directors or chief executive officers filed 20 acquisitions and no disposals; substantial shareholders filed four acquisitions and two disposals.1. $Mapletree Log Tr(M44U.SI)$ On Apr 25, Mapletree Logistics Trust Management executive director and CEO Jean Kam acquired 100,000 units of MLT at S$1.14 a unit. This increased her interest to 179,800 units.Before the acquisition, MLT provided its Q4 FY2025 results, in which revenue decreased by 0.8% from the year before to S$179.6 million, mainly due to lower contributions from China, divested properties and currency depreciation.2.

The performance of Singapore Real Estate Investment Trusts (S-REITs) in April 2025 was marked by significant movements, reflecting the broader volatility in global markets. The iEdge S-REIT Index declined by 1.9% over the month, slightly outperforming the Straits Times Index (STI)’s drop of 2.3%. Furthermore, S-REITs outperformed the FTSE EPRA Nareit Global REITs Index, which saw a more substantial decline of 3.0%.Within the 30 constituents of the iEdge S-REIT Index, the performance in April was mixed, with 22 decliners and 8 gainers. The three biggest decliners for the month were $ManulifeReit USD(BTOU.SI)$ $Mapletree Log Tr(M44U.SI)$ $ESR-REIT(J91U.SI)$

The five trading sessions spanning April 17 through to April 24 saw close to 70 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs filed 16 acquisitions, and no disposals, while substantial shareholders filed four acquisitions and four disposals.1. $Valuetronics(BN2.SI)$ Between April 17 and 24, Valuetronics independent director Sandy Liu acquired 84,400 shares at S$0.607 per share. This followed the acquisition of 59,000 shares on April 15. Ms Liu was appointed to the board of the integrated electronic manufacturing services in July 2024. 2. $Sinostar Pec(C9Q.SI)$ Sinostar PEC Holdings executive chairman and CEO Li Xiang Ping continue

Real estate investment trusts in Singapore (S-REITs) have rebounded strongly over the past two weeks in line with the broader recovery in the Singapore market following the sell-off in early April.As of Thursday’s (April 24) close, the iEdge S-REIT index has climbed 5.9% since April 11, with all 30 constituents ending flat or higher. S-REITs with international exposure as well as those holding hospitality assets ranked among the top performers. Over the past two weeks, the top 10 performers in the iEdge S-REIT index mostly saw net institutional inflows, with these counters receiving a combined S$23.3 million in net institutional inflows from April 14 to 24.However, institutional and retail investors were net sellers of the broader S-REITs sector over the same period. From April 14 to 24, i

The four trading sessions saw close to 70 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs filed 19 acquisitions, and one disposal, while substantial shareholders filed eight acquisitions and one disposal. 1. $OUE(LJ3.SI)$ Between April 7 and April 11, OUE Executive Chairman and Group Chief Executive Officer Stephen Riady increased his deemed interest from 72.93% to 73.08%. This was through Lippo Assets (International) Limited acquiring 847,000 Shares at an average price of S$0.91 per share, and Hongkong Chinese Limited (HCL) acquiring an aggregate of 347,100 shares at an average price of S$0.94 per share. 2. $ValueMax(T6I.SI)$ Between 7

$Sabana Reit(M1GU.SI)$ kicked off the current earnings release season for S-REITs on April 15 with the release of its 1Q25 financial results. This was followed by $Keppel DC Reit(AJBU.SI)$ and $KepPacOakReitUSD(CMOU.SI)$ both reporting 1Q25 business updates on April 17.Another 26 S-REITs have also confirmed that they will unveil financial results or business updates between April 22 and May 7 for their respective periods ended 31 March 2025. Among them, 3 will report full-year financial results, 3 will report first-half or third-quarter financial results, and another 20 will provide quarterly business updates.1.

The five trading sessions saw close to 80 director interests and substantial shareholdings filed for 40 primary-listed stocks. Directors or CEOs filed 28 acquisitions, and one disposal, while substantial shareholders filed 10 acquisition and one disposal. 1. $Wilmar Intl(F34.SI)$ On April 7, Wilmar International chairman and CEO Kuok Khoon Hong grew his deemed interest in the global agribusiness by 598,900 shares at an average price of S$3.02 apiece. This increased his total interest from 14.33% to 14.34%. He has gradually increased his total interest in Wilmar from 12.94% in October 2022. His preceding acquisition was on February 21 with 1,662,800 shares acquired at S$3.07 apiece. Mr Kuok has gradually increased his total interest in Wilma

The ongoing uncertainty due to tariffs and trade tensions has caused significant volatility in global markets over the past week, as investors take a risk-off approach. Real estate investment trusts in Singapore (S-REITs) have not been spared from the weaker sentiment, with a large sell off last week, even though a temporary reprieve from certain tariffs was announced on April 9. Since the “Liberation Day” tariffs were announced by US President Donald Trump on April 2, the iEdge S-REIT index has fallen 7.5% as of April 10, reversing the positive performance seen last month. Even so, Singapore’s REIT benchmark has fared better than other major stock indices over the same period. By comparison, the broader $Straits Times Index(STI.