To The Moon

Singapore shares tumbled nearly 1.4% on Monday as investors turned cautious ahead of high-stakes bank earnings later this week.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,262.85 and 5,354.12 throughout the day. It ended the session at 5,303.83, down 72.91 points or nearly 1.4% compared to Friday's close.On the corporate front, shares of Metrocon plunged over 6% at the close as its non-executive chairman, Alvin Lim Yee Hong, stepped down from the post effective Oct. 29, after he was charged under Singapore's Foreign Employee Dormitories Act.Great Eastern closed nearly 2% lower as it posted SG$102.9 million in net profit for the third quarter, compared with SG$372.0 million a year ago.Meanwhile, shares of Bumitama Agri slid nearly 3% at the close as it communicated its commitment to voluntarily engage, at its own cost, assessors from the Singapore government in connection with fires in Indonesia.

Mapletree Investments, a Singapore real estate group owned by state investment firm Temasek, is exploring a potential domestic listing in 2027, The Business Times reported, citing sources.The company has hired banks and advisers to prepare for the proposed IPO. Mapletree sponsors three listed REITs: Mapletree Logistics Trust , Mapletree Industrial Trust and Mapletree Pan Asia Commercial Trust , the report said.The development comes after merger discussions between Mapletree and CapitaLand Investment failed to result in a deal, according to the report.Mapletree Investments did not immediately respond to MT Newswires' request for comment.

Singapore's banking sector lent SG$978.8 billion to consumers and businesses in September, up from SG$966.4 billion in August, according to data from the Monetary Authority of Singapore released on Friday.The latest figure marked a fresh record high, beating the Trading Economics forecast of SG$909.5 billion.Business loans stood at SG$591.4 billion, while consumer loans totaled SG$387.4 billion.

CLSA on Friday adjusted its price target on asset manager Keppel (SGX:BN4) to SG$11.966 from SG$12.573 and kept its rating at accumulate.(MT Newswires covers equity, commodity and economic research fr

Factory-gate prices in Singapore rose in September, with the Domestic Supply Price Index edging up 48% year over year, while the Singapore Manufactured Products Price Index grew 47.5%, according to the Singapore Department of Statistics on DAY.The Domestic Supply Price Index growth accelerated from the 38.8% increase logged the previous month, beating the Trading Economics forecast for 25% growth.The Manufactured Products PPI expansion accelerated from the 40.1% growth recorded in August.On a month-on-month basis, the Domestic Supply Price Index rose 7.3% in September after growing 4.1% in August, while the Manufactured Products PPI edged up 5.3%, accelerating from the 4.4% expansion between August and July.

Mapletree Logistics Trust reported a distribution per unit, or DPU, of SG$0.01816 for the fiscal second quarter ended Sept. 30, compared with a DPU of SG$0.0185 a year earlier, according to a Wednesday filing with the Singapore Exchange.Total amount for distribution came in at SG$101 million from SG$98.2 million in the year-ago period.Net property income rose to SG$154.8 million from SG$153.3 million, while gross revenue jumped to SG$180 million from SG$177.5 million year over year.

Oversea-Chinese Banking (SGX:O39) will list its $60 million of cancellable zero-coupon notes on the Singapore Exchange on Friday, according to a Thursday filing to the bourse.The notes, which are due in 2046, will be listed on the Singapore Stock Exchange's Bond Market.

Singapore stocks slid more than 3% on Thursday, tracking regional losses as rising crude oil prices continued to dampen investor sentiment.The Straits Times Index (STI), a key benchmark for the Singap

Singapore shares surged on Monday, despite regional indices reacting negatively to recent statements made by leaders of OpenAI and Anthropic calling for a slowdown in AI development to manage risks and protect humanity.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,677.79 and 5,725.56 throughout the day. It ended the session at 5,718.02, up 22.09 points or 0.4% compared to Friday's close.On the corporate front, shares of CapAllianz surged over 100% at the close as the company proposed to place around 1.95 billion shares at SG$0.0011 apiece to raise around SG$2.1 million.MetaOptics closed over 5% lower as it unveiled plans to raise around SG$1.1 million via the placement of about 2.7 million shares at SG$0.3912 apiece.Meanwhile, JEP Holdings confirmed plans to transfer its listing to the Mainboard of the Singapore Exchange.

Singapore Telecommunications bought back 1.7 million shares on Sept. 11 under its SG$2 billion value realization share buyback program, according to a Friday filing.The shares were purchased on the open market at SG$4.49 to SG$4.50 each for a total consideration of SG$7.8 million, including related charges.All repurchased shares were cancelled.The company has bought back 17.8 million shares, or 0.11% of its issued shares, since the mandate was obtained.

Mapletree Logistics Trust priced its inaugural offshore Renminbi bond issue of 500 million yuan, with the three-year bond carrying a 2.1% annual coupon, according to a Singapore Exchange filing on Tuesday.Fitch Ratings assigned the bond a BBB+ rating, which was in accordance with Mapletree Logistics Trust's issuer default rating. Net proceeds from the issuance will be used for general corporate purposes, including refinancing existing borrowings.HSBC was the sole lead manager for the transaction.

Keppel DC REIT said it has received inprinciple approval from the Singapore Exchange for the listing and quotation of 297.6 million new units on the Main Board, according to a Monday filing.The units were issued under a SG$625 million private placement that recently closed, comprising about 297.6 million new units at SG$2.10 each.The SGX-ST's approval in principle for the private placement is subject to various conditions.Keppel DC REIT shares were down nearly 2% in late Tuesday trade.

Singapore shares recovered to surge on Wednesday, despite most regional indices ending in the negative territory over rising oil prices and expectations of a tighter monetary policy.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,699.59 and 5,744.11 throughout the day. It ended the session at 5,744.11, up 33.74 points or 0.6% compared to Tuesday's close.On the corporate front, shares of RH Petrogas closed over 5% higher as its well-testing operation at the Northwest Klagagi-1 well in Indonesia confirmed strong gas-condensate deliverability, along with an unexpected oil discovery.EGP Energy was down nearly 1% at the close as it secured a new transmission and distribution project worth around SG$6.2 million.Meanwhile, shares of Frencken Group were down nearly 1% at the close as it received approval-in-principle from the Singapore Exchange Securities Trading on Sept. 1 for the listing and quotation of 44.1 million new shares to be issued under its

Singapore's state investment firm, Temasek, is looking to invest in South Korea listed, SK Hynix (KRX:000660) and Samsung Electronics (KRX:005930), Asia Business Daily reported Tuesday, citing relevan

Singapore shares remained in the red on Friday as investor sentiment was weighed down over a sell-off of chipmakers.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,491.51 and 5,521.84 throughout the day. It ended the session at 5,509.43, down 29.95 points or 0.5% compared to Thursday's close.On the corporate front, shares of Metech International were up nearly 5% at the close as the company reported it has not credited placement shares to subscriber Ma Ong Kee as the allotment could result in transfer of controlling interest.Geo Energy Resources closed nearly 3% lower as its Marga Bara Jaya Integrated Infrastructure commenced operations on July 16, marking the start of its expansion into infrastructure and logistics alongside its coal mining business.Meanwhile, Mm2 Asia signed an agreement to place around 16.3 billion shares at SG$0.000918 per share to MMRA for a total consideration of SG$15 million as part of its proposed restructuring.

Singtel bought back and canceled about 2.3 million shares worth SG$10.1 million in the open market on Tuesday, according to a same-day filing with the Singapore Exchange.To date, the telecommunications services provider has bought back around 199.9 million shares from its existing buyback mandate.

Lightstorm signed consortium agreements with Singtel Microsoft and Tata Communications to build a submarine cable system that will link India's east coast to Singapore and Malaysia.The 3,600-kilometer I-2SEA is expected to be service-ready by the fourth quarter of 2029 and is designed for AI workloads, according to a Thursday statement from the city-state's AI connectivity platform operator.Under the agreement, NEC Corp. was named system supplier while ASEAN Cableship was the marine installation partner.

Singapore shares surged more than 1% at the close on Thursday with investors responding positively to the chances of the US and Iran continuing their peace dialogue.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,164.95 and 5,217.15 throughout the day. It ended the session at 5,217.15, up 55.65 points or 1.1% compared to Wednesday's close.In an official post on X, Pakistan's Ministry of Foreign Affairs revealed the two parties agreed to continue discussions following the funeral procession of the former Iranian Supreme Leader.On the corporate front, shares of Stoneweg Europe Stapled Trust were up nearly 3% at the close as its total portfolio valuation during the first half of the year rose 1.1% to 2.15 billion euros.CapitaLand Integrated Commercial Trust closed over 1% higher as it completed the acquisition of Paragon.Meanwhile, shares of GuocoLand closed under 1% higher as it secured a SG$634.7 million green club facility from Oversea-Chinese

Singapore shares surged more than 1% on Tuesday, tracking regional gains, as markets reacted positively to news that the US president, Donald Trump, could be set to conclude a peace deal with Iran.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 4,964.66 and 5,026.76 throughout the day. It ended the session at 5,023.25, up 59.58 points or 1.2% compared to Monday's close.On the corporate front, shares of Mun Siong Engineering slid over 9% at the close as it named Kirk Keng Chong as its group chief financial officer, effective June 8.Mooreast was down over 9% as it raised around SG$6 million through the private placement of around 44.5 million shares at SG$0.135 apiece.Meanwhile, shares of Ley Choon Group were up over 2% as it secured underground utilities service contracts worth SG$24.5 million.

Singapore shares plunged on Monday, losing nearly 2%, tracking regional losses as investor sentiment took a major hit following recent developments in the Middle East.The Straits Times Index (STI), a

Singapore shares tumbled nearly 1.4% on Monday as investors turned cautious ahead of high-stakes bank earnings later this week.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,262.85 and 5,354.12 throughout the day. It ended the session at 5,303.83, down 72.91 points or nearly 1.4% compared to Friday's close.On the corporate front, shares of Metrocon plunged over 6% at the close as its non-executive chairman, Alvin Lim Yee Hong, stepped down from the post effective Oct. 29, after he was charged under Singapore's Foreign Employee Dormitories Act.Great Eastern closed nearly 2% lower as it posted SG$102.9 million in net profit for the third quarter, compared with SG$372.0 million a year ago.Meanwhile, shares of Bumitama Agri slid nearly 3% at the close as it communicated its commitment to voluntarily engage, at its own cost, assessors from the Singapore government in connection with fires in Indonesia.

Mapletree Investments, a Singapore real estate group owned by state investment firm Temasek, is exploring a potential domestic listing in 2027, The Business Times reported, citing sources.The company has hired banks and advisers to prepare for the proposed IPO. Mapletree sponsors three listed REITs: Mapletree Logistics Trust , Mapletree Industrial Trust and Mapletree Pan Asia Commercial Trust , the report said.The development comes after merger discussions between Mapletree and CapitaLand Investment failed to result in a deal, according to the report.Mapletree Investments did not immediately respond to MT Newswires' request for comment.

Singapore's banking sector lent SG$978.8 billion to consumers and businesses in September, up from SG$966.4 billion in August, according to data from the Monetary Authority of Singapore released on Friday.The latest figure marked a fresh record high, beating the Trading Economics forecast of SG$909.5 billion.Business loans stood at SG$591.4 billion, while consumer loans totaled SG$387.4 billion.

CLSA on Friday adjusted its price target on asset manager Keppel (SGX:BN4) to SG$11.966 from SG$12.573 and kept its rating at accumulate.(MT Newswires covers equity, commodity and economic research fr

Factory-gate prices in Singapore rose in September, with the Domestic Supply Price Index edging up 48% year over year, while the Singapore Manufactured Products Price Index grew 47.5%, according to the Singapore Department of Statistics on DAY.The Domestic Supply Price Index growth accelerated from the 38.8% increase logged the previous month, beating the Trading Economics forecast for 25% growth.The Manufactured Products PPI expansion accelerated from the 40.1% growth recorded in August.On a month-on-month basis, the Domestic Supply Price Index rose 7.3% in September after growing 4.1% in August, while the Manufactured Products PPI edged up 5.3%, accelerating from the 4.4% expansion between August and July.

Mapletree Logistics Trust reported a distribution per unit, or DPU, of SG$0.01816 for the fiscal second quarter ended Sept. 30, compared with a DPU of SG$0.0185 a year earlier, according to a Wednesday filing with the Singapore Exchange.Total amount for distribution came in at SG$101 million from SG$98.2 million in the year-ago period.Net property income rose to SG$154.8 million from SG$153.3 million, while gross revenue jumped to SG$180 million from SG$177.5 million year over year.

Oversea-Chinese Banking (SGX:O39) will list its $60 million of cancellable zero-coupon notes on the Singapore Exchange on Friday, according to a Thursday filing to the bourse.The notes, which are due in 2046, will be listed on the Singapore Stock Exchange's Bond Market.

Singapore stocks slid more than 3% on Thursday, tracking regional losses as rising crude oil prices continued to dampen investor sentiment.The Straits Times Index (STI), a key benchmark for the Singap

Singapore Telecommunications bought back 1.7 million shares on Sept. 11 under its SG$2 billion value realization share buyback program, according to a Friday filing.The shares were purchased on the open market at SG$4.49 to SG$4.50 each for a total consideration of SG$7.8 million, including related charges.All repurchased shares were cancelled.The company has bought back 17.8 million shares, or 0.11% of its issued shares, since the mandate was obtained.

Singapore shares surged on Monday, despite regional indices reacting negatively to recent statements made by leaders of OpenAI and Anthropic calling for a slowdown in AI development to manage risks and protect humanity.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,677.79 and 5,725.56 throughout the day. It ended the session at 5,718.02, up 22.09 points or 0.4% compared to Friday's close.On the corporate front, shares of CapAllianz surged over 100% at the close as the company proposed to place around 1.95 billion shares at SG$0.0011 apiece to raise around SG$2.1 million.MetaOptics closed over 5% lower as it unveiled plans to raise around SG$1.1 million via the placement of about 2.7 million shares at SG$0.3912 apiece.Meanwhile, JEP Holdings confirmed plans to transfer its listing to the Mainboard of the Singapore Exchange.

Mapletree Logistics Trust priced its inaugural offshore Renminbi bond issue of 500 million yuan, with the three-year bond carrying a 2.1% annual coupon, according to a Singapore Exchange filing on Tuesday.Fitch Ratings assigned the bond a BBB+ rating, which was in accordance with Mapletree Logistics Trust's issuer default rating. Net proceeds from the issuance will be used for general corporate purposes, including refinancing existing borrowings.HSBC was the sole lead manager for the transaction.

Keppel DC REIT said it has received inprinciple approval from the Singapore Exchange for the listing and quotation of 297.6 million new units on the Main Board, according to a Monday filing.The units were issued under a SG$625 million private placement that recently closed, comprising about 297.6 million new units at SG$2.10 each.The SGX-ST's approval in principle for the private placement is subject to various conditions.Keppel DC REIT shares were down nearly 2% in late Tuesday trade.

Singapore shares recovered to surge on Wednesday, despite most regional indices ending in the negative territory over rising oil prices and expectations of a tighter monetary policy.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,699.59 and 5,744.11 throughout the day. It ended the session at 5,744.11, up 33.74 points or 0.6% compared to Tuesday's close.On the corporate front, shares of RH Petrogas closed over 5% higher as its well-testing operation at the Northwest Klagagi-1 well in Indonesia confirmed strong gas-condensate deliverability, along with an unexpected oil discovery.EGP Energy was down nearly 1% at the close as it secured a new transmission and distribution project worth around SG$6.2 million.Meanwhile, shares of Frencken Group were down nearly 1% at the close as it received approval-in-principle from the Singapore Exchange Securities Trading on Sept. 1 for the listing and quotation of 44.1 million new shares to be issued under its

Singapore's state investment firm, Temasek, is looking to invest in South Korea listed, SK Hynix (KRX:000660) and Samsung Electronics (KRX:005930), Asia Business Daily reported Tuesday, citing relevan

Singapore shares remained in the red on Friday as investor sentiment was weighed down over a sell-off of chipmakers.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,491.51 and 5,521.84 throughout the day. It ended the session at 5,509.43, down 29.95 points or 0.5% compared to Thursday's close.On the corporate front, shares of Metech International were up nearly 5% at the close as the company reported it has not credited placement shares to subscriber Ma Ong Kee as the allotment could result in transfer of controlling interest.Geo Energy Resources closed nearly 3% lower as its Marga Bara Jaya Integrated Infrastructure commenced operations on July 16, marking the start of its expansion into infrastructure and logistics alongside its coal mining business.Meanwhile, Mm2 Asia signed an agreement to place around 16.3 billion shares at SG$0.000918 per share to MMRA for a total consideration of SG$15 million as part of its proposed restructuring.

Singtel bought back and canceled about 2.3 million shares worth SG$10.1 million in the open market on Tuesday, according to a same-day filing with the Singapore Exchange.To date, the telecommunications services provider has bought back around 199.9 million shares from its existing buyback mandate.

Lightstorm signed consortium agreements with Singtel Microsoft and Tata Communications to build a submarine cable system that will link India's east coast to Singapore and Malaysia.The 3,600-kilometer I-2SEA is expected to be service-ready by the fourth quarter of 2029 and is designed for AI workloads, according to a Thursday statement from the city-state's AI connectivity platform operator.Under the agreement, NEC Corp. was named system supplier while ASEAN Cableship was the marine installation partner.

Singapore shares surged more than 1% at the close on Thursday with investors responding positively to the chances of the US and Iran continuing their peace dialogue.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 5,164.95 and 5,217.15 throughout the day. It ended the session at 5,217.15, up 55.65 points or 1.1% compared to Wednesday's close.In an official post on X, Pakistan's Ministry of Foreign Affairs revealed the two parties agreed to continue discussions following the funeral procession of the former Iranian Supreme Leader.On the corporate front, shares of Stoneweg Europe Stapled Trust were up nearly 3% at the close as its total portfolio valuation during the first half of the year rose 1.1% to 2.15 billion euros.CapitaLand Integrated Commercial Trust closed over 1% higher as it completed the acquisition of Paragon.Meanwhile, shares of GuocoLand closed under 1% higher as it secured a SG$634.7 million green club facility from Oversea-Chinese

Singapore shares surged more than 1% on Tuesday, tracking regional gains, as markets reacted positively to news that the US president, Donald Trump, could be set to conclude a peace deal with Iran.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 4,964.66 and 5,026.76 throughout the day. It ended the session at 5,023.25, up 59.58 points or 1.2% compared to Monday's close.On the corporate front, shares of Mun Siong Engineering slid over 9% at the close as it named Kirk Keng Chong as its group chief financial officer, effective June 8.Mooreast was down over 9% as it raised around SG$6 million through the private placement of around 44.5 million shares at SG$0.135 apiece.Meanwhile, shares of Ley Choon Group were up over 2% as it secured underground utilities service contracts worth SG$24.5 million.

Singapore shares plunged on Monday, losing nearly 2%, tracking regional losses as investor sentiment took a major hit following recent developments in the Middle East.The Straits Times Index (STI), a