SG Morning Call | GIC to Invest $1.9 Billion in AI Start-up Anthropic
Market SnapshotSingapore stocks opened lower on Monday. STI down 0.5%; SingPost, UOB, DBS, Yangzijiang Shipbuilding down 1%.Stocks in Focus $YZJ Maritime(8YZ.SI)$: The maritime financial solution provider on Monday announced its proposed share buyback, as part of its broader capital management plans. It is seeking to purchase not more than 10 per cent of its total issued shares, at a price of not more than 5 per cent above average closing market prices. The group will announce the date of the extraordinary general meeting that will be convened to seek shareholders’ approval for the share buyback in due course. The counter ended Friday unchanged at S$0.615, before the news.$Keppel Reit(K71U.SI)$: Some
SG Morning Call | Singapore Stocks Open Higher on Friday; Singapore Home Sales Hit Multi-Year High
Market SnapshotSingapore stocks opened higher on Friday. STI rose 0.02%; Lum Chang rose 11%; Lum Chang Creations rose 5%; NIO rose 1%; Yangzijiang Shipbuilding and Seatrium fell 1%.Stocks in Focus$Keppel(BN4.SI)$: The asset manager on Thursday announced that it has secured a 720 megawatt (MW) power bank for an artificial intelligence data-centre campus close to Melbourne, Australia. The move brings its pipeline of data-centre power-bank capacity from over 300 MW to “over 1 gigawatt of gross power capacity in the Asia-Pacific”. Shares of Keppel rose 1.1% or S$0.12 to close at S$10.79 on Thursday, before the news.$Singapore Airlines (SIA) Group(C6L.SI)$: The company on Thursday posted a 1.9% year-on-yea
SATS Appoints Former GXO Logistics CEO Malcolm Wilson as Non-Executive Director
SATS has announced a change to its board composition, appointing Malcolm Wilson as an independent non-executive director, effective January 15. Wilson currently serves as an executive board member of Dawson Group, a portfolio company of KKR & Co. Before his tenure at KKR, he held the position of CEO at GXO Logistics Inc and has extensive experience in senior leadership roles within the global logistics and supply chain sector. "His profound logistics background and particular expertise in the European and U.S. markets will bring significant added value and synergy to the board, enhancing its existing competencies and skills," stated SATS in the announcement. Effective January 15, the SATS board of directors includes the following members: Irving Tan; Kerry Mok; Vinita Bali; Chan Lai Fu
United Hampshire US REIT Buys Wallingford Fair Shopping Center Below Appraised Value
United Hampshire US REIT (SGX:ODBU) has purchased a new freehold property, the Wallingford Fair Shopping Center, for $21.4 million, a price that comes in approximately 8.2% under the independent valuation of $23.3 million. The acquired asset is a grocery-anchored, freehold retail property situated in Wallingford, Connecticut. ShopRite, a prominent supermarket chain with a presence across six U.S. states, serves as the property's anchor tenant and has been operating at the location since 2010. Gerard Yuen, the CEO of the manager, noted that the Wallingford Fair Shopping Center boasts a net lettable area of about 115,223 square feet, achieving a 100% committed occupancy rate and featuring a long Weighted Average Lease Expiry (WALE) of 12.8 years. He further added, "This acquisition was partl
UOB to Issue $850 Million in Perpetual Capital Securities with 3% Distribution Rate
United Overseas Bank (UOB) (SGX:U11) has announced its plan to issue $850 million in perpetual capital securities, which will be part of its US$30 billion ($38.63 billion) global medium-term note program. The securities will carry a fixed annual distribution rate of 3.00%, which is scheduled for a reset on January 21, 2033, and subsequently every seven years. The reset rate will be determined by the prevailing seven-year Singapore Overnight Rate Average Overnight Indexed Swap (Sora-OIS) plus an initial spread of 0.94%. Distributions are to be paid semi-annually in arrears, though the bank retains the right to cancel these payments. Designed to qualify as Additional Tier 1 (AT1) regulatory capital for the bank, the securities are redeemable on January 21, 2033, or on any distribution paymen
SG Morning Call | Singapore Stocks Open Higher; HSBC Is Said to Consider Selling Singapore Insurance Business
Market SnapshotSingapore stocks opened lower on Thursday. STI fell 0.1%; UOL rose 1%; Yangzijiang Shipbuilding rose 0.8%; Singtel rose 0.2%; Sembcorp and DBS fell 0.2%; UOB fell 0.4%; SIA and Kepple fell 0.5%; SGX fell 0.6%; NIO fell 2%.Stocks in Focus$UOB(U11.SI)$: UOB has priced S$850 million in perpetual capital securities at 3 per cent under the bank’s US$30 billion Global Medium Term Note Programme. The issue date is expected to be Jan 21. The securities are first callable in 2033. Shares of UOB ended at S$36.51 on Wednesday, S$0.32 or 0.9 per cent higher before the announcement.$Sembcorp(U96.SI)$: The company will seek shareholder approval for its acquisition of Alinta Energy, it said on Thursda
SG Morning Call | Singapore Stocks Open Lower; Keppel Reit Preferential Offering Closes with 76.9% Valid Acceptances
Market SnapshotSingapore stocks opened lower on Wednesday. STI fell 0.2%; ST Engineering rose 0.9%; NIO fell 1.2%; OCBC fell 0.6%; Yangzijiang Shipbuilding and Keppel fell 0.5%; UOB and DBS fell 0.2%.Stocks in Focus$Keppel Real Estate Investment Trust(K71U.SI)$ (Reit): The trust on Tuesday said that it has received valid acceptances of 76.9 per cent at the close of its preferential offering announced on Dec 11, 2025. It received valid acceptances for 709.4 million units, out of the 923.2 million units on offer. It received excess applications of 185.7 million units, or 20.1 per cent of the total number of units available under the preferential offering. The new units will be listed on the Singapore Exchange from 9 am on Jan 19. Units of Keppel
Singapore Exchange Proposes Bond Futures Targeting India and Southeast Asia
Singapore Exchange (SGX) has conducted numerous discussions with treasury officials from international banks regarding the potential launch of futures contracts linked to specific Asian government bond markets, according to sources with knowledge of the situation. The exchange explored the introduction of these futures for nations such as India, Indonesia, Malaysia, the Philippines, and Thailand, the sources revealed, requesting anonymity due to the private nature of the talks. These instruments enable investors to manage their risk against interest rate fluctuations by agreeing to buy or sell bonds at a predetermined future date on an exchange. These deliberations highlight the increasing investor appetite for the region's debt markets. Indian bonds have been progressively included in maj
DBS Selects Gold and Defense Stocks as Geopolitical Instability Winners
The DBS Chief Investment Office (CIO) team anticipates that gold and defense stocks will deliver strong performance in the current climate of relatively heightened geopolitical tensions. Although DBS investment strategist Goh Jun Yong believes the US action against Venezuela will not impact energy prices, he contends it will lead to a "chronically elevated" state of geopolitical friction. "What Venezuela truly confirms for us is that the US currently has a greater tendency to take military action when it encounters something it disapproves of," stated Goh. "In such an environment, gold is positioned to perform exceptionally well," he added during the bank's first-half 2026 outlook briefing. "I believe defense companies are really going to excel, irrespective of whether military action actu