SG Morning Call | Mainboard Debutants YZJ Maritime, Centurion Accommodation Reit Among Additions to IEdge Singapore Next 50 Indices-To The Moon - Tiger Brokers Online Investing Community

SG Morning Call | Mainboard Debutants YZJ Maritime, Centurion Accommodation Reit Among Additions to IEdge Singapore Next 50 Indices

Market Snapshot

Singapore stocks opened lower on Wednesday. STI fell 0.1%; Golden Agri-Resources up 2%; Yangzijiang Shipbuilding up 1%.

Stocks in Focus

$Acro HTrust USD(XZL.SI)$: The managers of the stapled group on Wednesday said it was proposing the sale of its property, the Hyatt Place Detroit Livonia, for US$10 million. The hotel was described as a non-core and underperforming asset, and the managers said the sale will help redeploy resources towards higher-performing assets in the portfolio. Net proceeds will be used to fund ongoing renovations of other properties, pare down existing borrowings, acquire accretive and higher yield properties, or used as working capital. The counter closed flat at US$0.25 on Tuesday.

$ULTRAGREEN AI USD(ULG.SI)$: The former chief executive officer of SGX and lead independent director Hsieh Fu Hua bought 180,000 shares of the newly listed company when the market opened on Tuesday. Each share was bought at US$1.39. Shares of UltraGreen. ai debuted strongly, but fell below their initial public offering (IPO) price last week, prompting listing manager Citibank on Tuesday to buy about 2.7 million shares at US$1.37 to US$1.42 per share as part of its post-IPO stabilising mandate. The shares rose 2.9 per cent on Tuesday to close US$0.04 higher at US$1.42.

SG Local News

World’s Largest Airline Caterer Gategroup, Co-Owned by Temasek, Said to Be Readying for IPO

The world’s biggest in-flight caterer Gategroup Holding is preparing for an initial public offering (IPO) as soon as the second half of 2026, people familiar with the matter said.

The company has held talks with potential advisers as it considers a listing, the people said, asking not to be identified as the information is not public. The venue has not yet been decided, but Zurich is a likely contender, they added.

Gategroup, the former airline catering business of Swiss Air, is co-owned by Singapore’s Temasek and Hong Kong-based private equity firm RRJ Capital. The company first listed on the Swiss stock exchange in 2009, before it delisted when it was acquired by HNA Group in 2017.

Mainboard Debutants YZJ Maritime, Centurion Accommodation Reit Among Additions to IEdge Singapore Next 50 Indices

Yangzijiang (YZJ) Maritime, Centurion Accommodation Real Estate Investment Trust (Reit) and Golden Agri-Resources were announced on Tuesday (Dec 9) as the new additions to two iEdge Singapore indices.

This update to the indices kicks in at the start of trading on Dec 22.

The first index they will be added to is the iEdge Singapore Next 50 Index, which is weighted by market capitalisation; the other is the iEdge Singapore Next 50 Liquidity Weighted Index.

$(STI.SI)$ $(E5H.SI)$ $(8YZ.SI)$ $(XZL.SI)$ $(ULG.SI)$

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