To The Moon

Market SnapshotSingapore stocks opened flat on Friday. STI was unchanged; Ossia soared 42%; Sats up 1%; SIA up 0.4%; DBS fell 1.3%.Stocks in FocusSingapore Airlines (SIA): The company posted a 65 per cent rise in net profit to S$2 billion for the second half of FY2025 ended March, boosted by the non-cash accounting gain from the Air India-Vistara merger. That one-off gain of S$1.1 billion also lifted the group’s full-year net profit to a record S$2.8 billion, against FY2024’s S$2.7 billion, which was the previous record. Revenue rose 1.9 per cent to S$10 billion, marking another record-high from the S$9.9 billion in the year-ago period, the group – which includes budget airline Scoot – said in its financial results released on Thursday. SIA shares closed 0.3 per cent or S$0.02 up at S$6.88

Market SnapshotSingapore stocks opened higher on Thursday. STI rose 0.2%; SingPost fell 9%; Golden Agri-Res down 2%; DBS and UOB up 1%.Stocks in FocusComfortDelGro : The transport behemoth posted a 19 per cent rise in its net profit to S$48.3 million for the first quarter ended March on contributions from last year’s acquisitions and improved margins. It said in an update on Wednesday that revenue rose 16.4 per cent year on year to S$1.2 billion, whereas operating costs climbed at a slower pace of 15 per cent. The mainboard-listed company was confident that its cabbies would not jump ship to Grab. At the Apr 22 annual general meeting, the transport operator’s group chief executive Cheng Siak Kian sought to assure shareholders about the loyalty of its own taxi drivers. ComfortDelGro shares

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

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

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

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

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

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

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

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. $(STI.SI)$