SG Morning Call | UI Boustead Is Said to Seek $700 Million Singapore IPO in March
Market SnapshotSingapore stocks opened lower on Friday. STI down 0.3%; Golden Agri-Res up 2%; OCBC down 2%; ST Engineering down 1%.Stocks in Focus$China Aviation(G92.SI)$: Its parent China National Aviation Fuel (CNAF) will merge with Chinese state-owned oil and gas enterprise Sinopec, the group’s board said on Thursday. If the merger goes through, Sinopec is expected to absorb all of CNAF’s assets and operations, reported Bloomberg. Shares of CAO closed flat at S$1.65, before the announcement.$Geo Energy Res(RE4.SI)$: The Indonesian coal producer announced its acquisition of majority stakes in two Indonesian shipping companies. This comes as resolutions related to its acquisition of 51 per cent stake
SG Morning Call | Singapore Interest Rates Could Bottom Out in Second Quarter of 2026: UOB
Market SnapshotSingapore stocks opened higher on Thursday. STI rose 0.1%; Golden Agri-Res up 2%; SingPost, Singtel up 1%.Stocks in Focus$Frasers Cpt Tr(J69U.SI)$: The trust’s manager announced its entry into a S$400 million green loan facility. It involves a green term loan and revolving credit facilities, in an agreement between the trust and lenders DBS, OCBC and Maybank. The manager said around US$2.68 billion in facilities would be affected if mandatory prepayment were to occur. Units of FCT closed S$0.01 or 0.4 per cent lower at S$2.27, before the announcement.$CapitaLandInvest(9CI.SI)$: The asset manager on Thursday announced that capital partner CapitaLand Southeast Asia Logistics Fund has bou
Singapore Market 2026 Outlook: From Sentiment-Led Gains to a Policy-Driven Structural Re-rating The Singapore equity market enters 2026 riding a wave of unprecedented momentum. In 2025, the $Straits Times Index(STI.SI)$ defied global volatility to deliver a stellar total return of over 22%, ending the year at record highs above the 4,650 level. This performance was potentially underpinned by a robust electronics upcycle, a "safe haven" rotation amid global trade tensions, and the initial anticipation of sweeping market reforms. As we look toward 2026, the narrative is shifting. Market focus is transitioning from a sentiment-driven recovery to the tangible execution of structural "Institutional Div
SG Morning Call | Grab Acquires AI Robotics Firm Infermove to Boost Delivery Capabilities
Market SnapshotSingapore stocks opened higher on Wednesday. STI rose 0.2%; Nio down 2%; Golden Agri-Res, CityDev up 2%; SGX up 1%.Stocks in Focus$Wee Hur(E3B.SI)$: The property group, on Tuesday, broke ground for the construction of Wycombe Abbey School (Singapore). The international school, in Hougang, is a joint venture with Wycombe Abbey and BE Education. The group’s chief investment officer Goh Wee Ping said that while the group aims to pursue projects opportunistically, there are limits on what it will not pursue, such as data centre projects. The counter ended Tuesday flat at S$0.76, before the news.$Stoneweg EUTrust SGD(SEB.SI)$: The manager announced on Wednesday that the stapled group’s portf
The REITsavvy 2025 Review:The S-REIT Rate-Driven Renaissance
Singapore REITs in 2025: A Resilient Rebound Amid Shifting TidesThe year 2025 marked a pivotal turnaround for Singapore Real Estate Investment Trusts (S-REITs). After a turbulent 2024, the sector entered a "Great Rebound," characterized by strong total returns and renewed investor confidence as global and domestic monetary policies shifted toward a more accommodative stance.A Year of Robust RecoveryIn stark contrast to the previous year's decline, 2025 witnessed some of the strongest performances since 2019.Strong Total Returns: The benchmark iEdge S-REIT Index generated total returns of approximately 9.73% year-to-date for 2025.Outperforming the $Straits Times Index(STI.SI)$ : Major blue-chip REITs, including
SG Morning Call | SIA’s Air India Looks for New CEO to Replace Campbell Wilson
Market SnapshotSingapore stocks opened higher on Tuesday. STI rose 0.5%; DBS up 1%; Nio fell 2%; ST Engineering fell 1%.Stocks in Focus$Creative(C76.SI)$: Sim Li Ern, the nephew of the company’s late founder Sim Wong Hoo, has been appointed as its new chief executive officer, effective on Monday. He will take over from interim CEO Tan Jok Tin, who will also be stepping down from his role as executive chairman. Shares of Creative rose 0.9 per cent to close S$0.005 higher at S$0.59 on Monday, before the announcement.$IFAST(AIY.SI)$: The digital wealth management platform on Monday said it is proposing to buy a 30 per cent stake in financial advisory firm Financial Alliance Corporation for S$19.6 million
$Straits Times Index(STI.SI)$ Retail sales is calculated in monetary value and not number of product sales. So, this doesn't mean consumer demand/confidence has increased. Let's say price rose by 5% and people bought the same amount of stuff, that would also be shown as a 5% increase in retail sales. Talking to people in retail, looking at published data and just looking around outside and how prices have increased, this seems to be the case. What do you guys think?
Weekly: After a 3rd Double-digit Year, Venezuela Developments and Jobs Data in Focus
Last Week and 2025's Recap1.The US Market - Gained double-digits for a 3rd straight year in 2025Indexes: $S&P 500(.SPX)$ recorded a weekly drop of about 1.03%, with technology stocks showing mixed performance and investor sentiment cautious due to Federal Reserve minutes and geopolitical tensions. $Dow Jones(.DJI)$ saw a decline of approximately 0.67%, $NASDAQ(.IXIC)$ fell by around 1.52%. Triple play: The $S&P 500(.SPX)$ ’s 16.39% total return for 2025 marked the third year in a row that the index generated a double-digit gain. The Mag 7 names contributed 42% of the S&P 500’s total return in 2025 and 55% o
SG Morning Call | Propnex Says Lawsuit Against Unit for Alleged Salesperson Misconduct Withdrawn
Market SnapshotSingapore stocks opened higher on Monday. STI rose 0.5%; PropNex up 2%; CityDev, Food Empire up 1%; Nio fell 4%.Stocks in Focus$PropNex(OYY.SI)$: A lawsuit against its subsidiary PropNex Realty and two co-defendants has been dropped, said the real estate services company on Jan 2 without giving details. The claimant had sought to claim damages against PropNex Realty due to the alleged misconduct of one of its salespersons and had filed the suit in February 2025. PropNex shares rose S$0.02 or 1.1 per cent to close at S$1.90 on Friday, before the announcement.$DigiCore Reit USD(DCRU.SI)$: The pure-play data centre real estate investment trust (Reit) on Monday announced a 10-year agreemen
SGX Weekly Review｜Ultragreen Rose 20%; Nio Rose 11%; Shangri-La Rose 7%; Thomson Medical Rose 5%; TJ Daren Tang And YZJ Fin Down 4%
Singapore stocks edged up this week, with the STI up 0.43%.Singapore’s economy expanded 4.8 per cent year on year in 2025, advance estimates from the Ministry of Trade and Industry (MTI) showed on Friday (Jan 2) morning.In terms of individual stocks, Ultragreen rose 20%; Nio rose 11%; Shangri-La rose 7%; Thomson Medical rose 5%; TJ Daren Tang and YZJ Fin down 4%.Market NewsSingapore’s Economy Grew 4.8% In 2025; Q4 GDP Comes In At 5.7%Singapore’s economy expanded 4.8 per cent year on year in 2025, advance estimates from the Ministry of Trade and Industry (MTI) showed on Friday (Jan 2) morning.Aside from being faster than the 4 per cent growth recorded in the previous year, last year’s gross domestic product (GDP) also exceeds the official forecast of “around 4 per cent” that MTI had upgrade