Singapore stocks fell slightly this week, with the STI down 0.2%, as investors assess Trump's policies after his inauguration.Meanwhile, Singapore central bank eased monetary policy, first time since March 2020; the December core inflation hit its lowest since November 2021.In terms of individual stocks, SingPost rose 4.7%, Sabana Industrial REIT rose 4.1%, Keppel DC REIT rose 2.7%, Hong Kong Land rose 2.2%; Yangzijiang Shipbuilding rose 2.1%, Singtel rose 1.9%, ST Engineering and SIA Engineering rose 1.3%, SGX rose 1.2%, while Sats fell 4.7%, Mapletree Industrial Trust fell 1.8%, DBS fell 0.8%, SIA fell 0.6%.Market NewsSingapore Central Bank Eases Monetary Policy, First Time Since March 2020Singapore's central bank on Friday loosened its monetary policy, the first such move since 2020, sa
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SGX Weekly Review｜SingPost Jumps 5%; Keppel DC Reit Gains 3%; Focus on CPI and Interest Rate Decisions
SGX Weekly Review｜SingPost Jumps 5%; Keppel DC Reit Gains 3%; Focus on CPI and Interest Rate Decisions
Keppel DC Reit Manager States Johor Data Centres And US Export Ban Have No Significant Impact
The real estate investment trust witnessed a 13.2% increase in its H2 DPU, which reached S$0.04902.On Friday (Jan 24), the manager of Keppel DC Reit stated that new data centres in Johor, Malaysia, along with the US chip export ban, aren't likely to significantly impact Keppel DC Reit : AJBU +0.45%. During the 2024 fourth - quarter earnings call, the manager mentioned that the workloads in Johor differ from those in Singapore. The data centres in Johor focus more on artificial intelligence (AI) inference work instead of training. Singapore and Johor are aiming at distinct market segments, which benefits the overall ecosystem. Loh Hwee Long, the chief executive of Keppel DC Reit Management, said, “These high - value AI compute tasks will continue to be based in Singapore due to our robust c
Keppel DC REIT's DPU Rose 13.2% In The Second Half Of The Year
The latest results released by Keppel DC REIT show that the distribution per unit (DPU) of the REIT in the second half of the year ending December last year was S$0.04902, an increase of 13.2% year - on - year. The full - year DPU increased by 0.7% year - on - year to S$0.09451.The distributable income in the second half of the year increased by 20.2%, rising from S$76.4 million in the same period of the previous year to S$91.9 million. Revenue grew by 8.8% to S$153.1 million. $(AJBU.SI)$
HDB Resale Prices Increased By 2.6% In The Fourth Quarter (Q4), Bringing The Full-Year Gain To 9.7%
Sales declined by 21.1% in Q4 to 6,424 units, and a total of 28,986 resale transactions were recorded throughout 2024.Data from the Housing and Development Board (HDB) indicated that the resale prices of public housing flats increased by 2.6% in the fourth quarter of 2024.Announced on Friday (Jan 24), this rise was slightly higher than the initially estimated 2.5% released on Jan 2. It saw a slight slowdown from the 2.7% increase in the third quarter. As a result, the full - year price growth reached 9.7%-significantly higher than the 4.9% increase in 2023, yet slightly lower than the 10.4% price gain in 2022.Simultaneously, the transaction volumes of resale flats dropped by 21.1% in Q4 to 6,424 units, down from 8,142 units in the previous quarter. On a year-on-year basis, this represented
MAS Relaxes Monetary Policy Settings And Cuts The 2025 Core Inflation Forecast To A Range Of 1% To 2%.
This follows the moderation of core inflation, which was 'faster than anticipated'.On Friday (Jan 24), Singapore's central bank relaxed its monetary policy settings. It had kept the policy stable for over two years since the last tightening measure in October 2022. The Monetary Authority of Singapore (MAS) stated that it would "slightly" decrease the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band. The width of the band and the level at its center will remain unchanged. MAS said, "This calibrated adjustment is in line with a moderate and gradual appreciation trajectory of the S$NEER policy band, which will guarantee medium-term price stability."This action was in accordance with market anticipations. After all, Singapore's core inflation, which excludes h
SG Morning Call｜Singapore’s Central Bank Eases for First Time Since 2020
Market SnapshotSingapore stocks opened higher on Friday. STI up 0.1%, SGX up 1%, SATS fell 2%, Nio fell 1.4%.Stocks to Watch $Mapletree PanAsia Com Tr(N2IU.SI)$: Its manager posted a 9.1 per cent year-on-year fall in distribution per unit (DPU) to S$0.02 for its third quarter ended Dec 31, 2024. This came as revenue fell 7.4 per cent to S$223.7 million amid the absence of contributions from its divested office property Mapletree Anson, and lower contributions from assets overseas, which were further weighed down by the Singapore dollar’s strength. Units of MPACT closed S$0.01 or 0.8 per cent higher at S$1.19 on Thursday, before the results were released. $Keppel DC Reit(AJBU.SI)$: The manager o
SG Morning Call｜Singapore’s Central Bank Eases for First Time Since 2020
Sembcorp Initiates Short-Term Mobile Solar Farm At PSA's Keppel Terminal
For the next three years, the renewable energy created from the farm will be fed into the national grid.On Thursday (Jan 23), Sembcorp Industries announced that a new 18 megawatt-peak ground-mount solar farm situated at PSA Singapore’s Keppel Terminal has started its operations.This solar farm is a collaborative venture between Sembcorp Solar, a fully-owned subsidiary of the energy and urban solutions provider, and port operator PSA Singapore.It's a short-term initiative with an operational duration of around three years. Sembcorp stated that during this time, the renewable energy produced by the solar farm will be directed to the national grid.Constructed on 15 hectares of the existing yard area, the solar farm is equipped with 30,000 on-site solar panels. The company further explained th
The Latest Singapore 1-Year T-Bill's Cut-Off Yield Has Risen Slightly To 2.95%.
It is an upward movement from the 2.71% offered in the previous auction that ended in October last year.According to the auction results released by the Monetary Authority of Singapore on Thursday (Jan 23), Singapore's latest one-year Treasury bills (T-bills) come with a cut - off yield of 2.95%.This marks an increase of 0.24 percentage points compared to the 2.71% yield offered in the auction for the previous one-year T-bill tranche in October last year.Eugene Leow, the head of fixed-income research at DBS, stated that T-bill rates are no longer falling. This is because the likelihood of the Federal Reserve making immediate rate cuts has receded, given the robust US data.“We surmise that investors have a particular threshold rate for T-bill investments, which is approximately 3 percent.”I
Ley Choon: 14% Share Surge in Rising Construction Sector, A Must-Watch
The group has mended its finances and seems on track for better luck.LEY Choon Group could be a stock worth watching. This underground utilities infrastructure construction and road works services provider has fixed its finances and seems to be on the road to better times.On Jan 15, the Catalist-listed group declared that four of its subsidiaries had secured a combined S$131.5 million for supplying and installing underground utilities services and road reinstatement works.Ley Choon also said these projects should be finished within 24 to 36 months.Although the new contracts are not anticipated to significantly affect the group's earnings per share and net tangible assets per share for the financial year concluding in March, they are likely to increase its order book. As of November, when t
Frasers Centrepoint Trust Achieves 99.5% Occupancy in Retail Portfolio for First Quarter
FRASERS Centrepoint Trust (FCT) reported a 99.5% committed occupancy rate for its retail portfolio in the first quarter of the financial year ending September 30, 2025.According to its manager in a business update on Wednesday (Jan 22), this was sustained via proactive asset and property management.The trust added that key metrics stayed healthy, supported by robust leasing demand. However, retail occupancy decreased slightly, from 99.9% in the same period last year and 99.7% in the previous quarter. Nevertheless, every retail mall within the trust had a committed occupancy of at least 99%.For the three-month period ending December 31, 2024, tenants' sales increased by 2.5% year-on-year, and shopper traffic at its malls rose by 2.7%.The manager further stated that it had successfully finis
CapitaLand Investment: Ascott's 30% Growth in Oakwood Brand Signings in 2024
In 2024, Ascott, its fully-owned lodging unit, signed 16 new Oakwood-branded properties, a 30% rise from the prior year. The Oakwood portfolio nears 100 properties, covering 14 countries globally. Ascott anticipates Oakwood can meet the growing business and leisure travel demands. On Wednesday, CapitaLand Investment shares closed 1.6% or S$0.04 down at S$2.45. $(9CI.SI)$
DBS, OCBC, UOB To Profit From AUM, Fees In Thriving Family Office Sector
In 2024, the number of single family offices in Singapore is expected to increase by 43% year-on-year, exceeding 2,000. Analysts: Singapore's Robust Family Office Sector to Keep Bolstering Local Banks' Wealth Mgmt.More family offices have tended to be beneficial for the onshore deposit business and liquidity of the banks, said Jayden Vantarakis, head of Asean research at Macquarie Capital.Tareck Horchani, Maybank Securities' prime dealing head, anticipates family office wealth inflows to boost local lenders' AUM.He said that heightened due diligence requirements are likely to draw more sophisticated families. This would likely bring in higher - quality assets and demand for premium services, further driving up wealth management fees.Upcoming Singapore Budget may give further tax incentives
SG Morning Call｜Ascott Bags 16 New Signings Under Oakwood Portfolio to Tap Growing "Bleisure" Market
Market SnapshotSingapore stocks opened lower on Thursday. STI up 0.6%, CSC up 10%, Singapore Post up 1%, OCBC up 0.6%.Stocks to Watch $CapitaLandInvest(9CI.SI)$: Its wholly owned lodging business unit Ascott signed 16 new properties under the Oakwood brand in 2024 – a 30 per cent increase over the previous year. The Oakwood portfolio now comprises nearly 100 properties and its global footprint spans 14 countries. Looking ahead, Ascott believes Oakwood is well-positioned to meet the rising demand for business and leisure travel. Shares of CapitaLand Investment ended Wednesday 1.6 per cent or S$0.04 lower at S$2.45. $Mapletree Ind Tr(ME8U.SI)$: The distribution per unit for MIT rose 1.5 per cent to S$0
SG Morning Call｜Ascott Bags 16 New Signings Under Oakwood Portfolio to Tap Growing "Bleisure" Market
Changi Airport's 2024 Passenger Traffic Nears Pre-pandemic Level; China Back as Top Market
In 2024, Changi Airport registered around 67.7 million passenger movements, a mere 1% shy of the pre-pandemic figure of 68.3 million. Meanwhile, mainland China regained its position as the top market.As announced by the Changi Airport Group (CAG) in a statement on Wednesday (Jan 22), compared to 2023, the total passenger traffic in 2024 increased by 14.8%.The North Asia region witnessed a 40% growth in passenger traffic. Mainland China, the leading source market for Changi, nearly doubled its 2023 numbers and exceeded the pre - pandemic level by 6%.Data from the Singapore Tourism Board (STB) indicated that China topped the list as the source of tourists. By November 2024, nearly 2.9 million Chinese tourists had arrived in Singapore, marking a 134.1% year-on-year increase. December's figure
SingPost Appoints Isaac Mah, Ex-CFO of Its Australian Business, As Group CFO
Singapore Post has named Isaac Mah as its group chief financial officer (CFO), with the appointment taking effect on Wednesday (Jan 22). The group had announced in December last year its plan for Mah, who was the CFO of its Australian freight-management subsidiary Freight Management Holdings at that time, to relocate to Singapore and assume this role. $SingPost(S08.SI)$ stated that 41-year-old Mah will receive guidance from board chairman Simon Israel."Considering his experience and in-depth knowledge of the group and its operations, this appointment ensures a smooth transition into the position as per the succession plans," Israel remarked. He further pointed out that Mah will be engaged in "mapping out the future course of the group and its g
SG Morning Call｜SingPost Names Former CFO of Australia Business Isaac Mah as Group CFO
Market SnapshotSingapore stocks opened higher on Wednesday. STI up 0.3%; Olam Group up 3%; UOB, Sembcorp up 1%; Nio fell 4%.Stocks to Watch $Mapletree Log Tr(M44U.SI)$: Its distribution per unit (DPU) fell 11.1 per cent year on year to S$0.02003 for its third quarter ended Dec 31, 2024, bringing its DPU for the nine-month period down 10.2 per cent to S$0.06098. Revenue for the quarter slipped 0.9 per cent from the previous corresponding period to S$182.4 million on lower contributions from China, the absence of contributions from its divested properties, and depreciation of regional currencies against the Singapore dollar, the manager said on Tuesday. Units of MLT closed 0.8 per cent or S$0.01 lower at S$1.27 on Tuesday, before the news.
SG Morning Call｜SingPost Names Former CFO of Australia Business Isaac Mah as Group CFO
CDW: Subsidiary ABio & Neoregen Sign Joint R&D Agreement For Next-Generation Lipid Nanoparticle Technology.
Joint R&D agreement enables Neoregen and ABio to deepen research into LNP technology and mRNA vaccines. $(BXE.SI)$
Is ThaiBev’S BeerCo IPO Ready to Take Off In 2025?
Could Thai Beverage ’s much-anticipated Singapore initial public offering (IPO) for BeerCo materialise this year?In a presentation deck posted on Jan 20, ThaiBev revealed that BeerCo reported a 12% y-o-y growth in its FY2024 earnings of $214 million compared to the 25% y-o-y drop in its FY2023 earnings of $191 million, reflecting better market conditions.ThaiBev also highlighted several upside factors for BeerCo including seeing a “strong momentum” for BeerCo’s sales in Thailand in 2025 from stronger demand for key brands and higher demand for Chang Beer. BeerCo outperformed the industry in Thailand in 2024 under a “more supportive macro backdrop”. The Asean region is also tipped to be the fastest-growing beer market in the world.Other factors include BeerCo’s gaining market share in Vietn
SG Morning Call｜Sembcorp Launches First Utility-Scale Integrated Solar and Energy Storage Project in Indonesia
Market SnapshotSingapore stocks opened lower on Tuesday. STI down 0.3%, Genting Singapore up 1%, Nio up 0.5%; UOB fell 1%, DBS fell 0.4%.Stocks to Watch $SEMBCORP INDUSTRIES LTD(U96.SI)$: Its wholly owned subsidiary and PT PLN Nusantara Renewables on Monday launched a utility-scale integrated solar and energy storage project in Indonesia’s new capital. The project marks Sembcorp’s first venture into large-scale solar development in Indonesia. Shares of Sembcorp ended 0.5 per cent or S$0.03 higher at S$5.66, before the news. $Hong Lai Huat(CTO.SI)$: It announced, on Jan 20, that it intends to issue and allot Ong Jia Jing, Dylan, 40.5 million new ordinary shares in the capital of the company. The shares
SG Morning Call｜Sembcorp Launches First Utility-Scale Integrated Solar and Energy Storage Project in Indonesia
YZJ, Seatrium Stocks Surge on Upcycle Orders, Marine Sector Promising
Marine stocks on the Singapore Exchange have thrived in the past year, with analysts upbeat about the sector's continued growth. Yangzijiang Shipbuilding's share price rose nearly 80% in the past year. Marco Polo Marine increased by over 12%. Seatrium leaped about 52% in the last six months, and Nam Cheong climbed nearly 150% during the same period. Analysts cited factors like an industry upcycle, supply shortage, and a rebound in global demand.CGS International's Singapore research head, Lim Siew Khee, stated that the shipping industry is in an upswing of the ordering cycle. She attributed this to the fact that, post-Covid-19, there has been a rise in shipping activities, which in turn has led to elevated freight rates. As a result, shipping companies have managed to strengthen their fina
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