To The Moon

Singapore stocks fell this week, with the STI up 0.24%. In terms of individual stocks, $ULTRAGREEN AI USD(ULG.SI)$ rose 5.11%; $AvePoint(AVP.SI)$ rose 4.6%; $NIO Inc. USD OV(NIO.SI)$ rose 3.86%; $SATS(S58.SI)$ rose 3.64%; $Frencken(E28.SI)$ down 11.25%; $Hong Leong Asia(H22.SI)$ down 10.88%; $UMS(558.SI)$ down 9.64%; $Food Empire(F03.SI)$ down 8.26%. UltraGreen.ai's CEO Ravinder Sajwan raises stake after buying 78,800 shares at US$1.37

Market Snapshot Singapore stocks opened higher on Friday. STI rose 0.04%; SIA Engineering, UOB, Centurion up about 1%; SIA, Keppel, DBS edge higher; UOL, Boustead down 1%; UMS down 2%. Stocks in Focus $City Developments Ltd(C09.SI)$ (CDL): CDL announced on Friday a 100 per cent take-up rate for its buyback offer for 24,120,733 preference shares. Shares of CDL ended at S$8.39, S$0.01 or 0.1 per cent lower, before the announcement. $IReit Global(UD1U.SI)$: It announced on Thursday that its wholly owned subsidiaries holding the Berlin Campus were served with a statement of claim on May 19, by former main tenant DRV. DRV is seeking a repayment of about 8.4 million euros (S$12.5 million) plus interest. In response, IReit’s legal counsel filed a comm

Market Snapshot Singapore stocks opened lower on Thursday. STI fell 0.77%; CSE Global fell nearly 5%; AEM SGD, UMS, Top Glove down around 2%; Olam Group, Seatrium, SGX, SIA down around 1%. Stocks in Focus $CapitaLand Ascendas Reit(A17U.SI)$ (Clar): The real estate investment trust (Reit) is buying a modern ramp-up logistics facility at 5 Tuas Avenue 5 for a purchase consideration of S$133.9 million in cash. The purchase price represents a 1.5 per cent discount to the property’s independent market valuation of S$136 million as at Feb 1, 2026. Had the deal been completed at the start of 2025, the Reit’s distribution per unit would increase by about S$0.00033, or 0.2 per cent, on a pro forma basis. $DFI Retail Group(D01.SI)$: Almost 60 Holland &

Market Snapshot Singapore stocks opened higher on Wednesday. STI rose 0.62%; SIA, Top Glove up over 2%; UMS, OCBC Bank, Seatrium up over 1%; Food Empire tumbled 18%. Stocks in Focus The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 3):  $ESR Reit(9A4U.SI)$: The manager of the real estate investment trust (Reit) announced the establishment of a two billion euro (S$3 billion) medium term securities programme on Tuesday, for which OCBC is the arranger and initial dealer. The securities will be offered in Singapore, pursuant to exceptions under the Securities and Futures Act 2001. Net proceeds from each issuance will be used to refinance ESR Reit’s borrowings, finance or refinance its ac

Market Snapshot Singapore stocks opened higher on Tuesday. STI rose 0.16%; AvePoint up nearly 8%; UOB, OCBC Bank, DBS, Seatrium up around 1%; Singtel, SGX, CityDev down over 1%; ThaiBev, AEM SGD down around 3%. Stocks in Focus $DBS(D05.SI)$: The bank will open 18 new and 36 upgraded wealth centres across the Asia-Pacific by end-2027. The opening of the new centres, in Singapore, Hong Kong, China, India, Indonesia and Taiwan, will start from Q3 2026. The lender on Jun 1 described the move as the largest physical expansion of its wealth franchise to date. DBS shares closed Friday 1.5 per cent or S$0.91 up at S$62.84, before the news. $Nio(NIO.SI)$: The electric vehicle maker on Monday announced that it

Market Snapshot The Singapore market is closed on Monday, June 1, 2026 for Vesak Day. SG Local News AI Dangers Eclipse Nuclear Weapons at Singapore Defense Forum The dangers of AI eclipsed those of nuclear weapons at a defense forum discussion on strategic stability in Singapore, as panelists warned it could reduce reaction times to the point where people make rash decisions. Collapsing the so-called “OODA loop” — an acronym for observe, orient, decide and act — creates a sort of fog in which “a human can’t evaluate the situation fast enough,” said Lieutenant General Nauman Zakria, Commander of 1 Corps and Army Rocket Force Command of the Pakistan Army. Mapletree Eyes Mid-2026 First Close for $1.8 Billion Emerging Asia Logistics Development Fund $M

Singapore stocks fell this week, with the STI down 0.6%, as investors responded positively to hopes of the US and Iran reach a deal to end hostilities. In terms of individual stocks, $SATS(S58.SI)$ rose 17.38%; $Frencken(E28.SI)$ rose 11%; $AEM SGD(AWX.SI)$ rose 8.8%; $UMS(558.SI)$ rose over 6%; $First Resources(EB5.SI)$, $Jardine C&C(C07.SI)$ down over 6%; $JMH USD(J36.SI)$, $Haw Par(H02.SI)$ down around 7%. SATS Jumps over 17% as

Market Snapshot Singapore stocks opened lower on Friday. STI rose 0.7%; Seatrium rose 1.8%; ST Engineering rose 1.7%; Keppel rose 1.4%; SGX and Sembcorp rose 1%. Stocks in Focus $ST Engineering(S63.SI)$: The company said on Thursday that it has appointed Jeffrey Lam as group deputy chief executive officer, effective Jun 1. Lam, currently chief operating officer (operations excellence) and president of commercial aerospace, will step down from both roles. Shares of ST Engineering closed 0.5 per cent or S$0.06 lower at S$11.04 on Thursday, before the news. $Seatrium(5E2.SI)$: In a business update on Friday, the company reported a net order book of S$15.5 billion across 24 projects for its first quarter

Shares of Wilmar International dropped sharply by 10% at one time on Thursday, and now fell 2.22%. The company is one of ten crude palm oil exporters currently under investigation for alleged under-invoicing and transfer-pricing activities. Under-invoicing involves declaring a lower export value to shift profits to jurisdictions with lower taxes or to reduce export tax liabilities. Indonesia's Finance Minister stated that the companies shipped CPO to trading firms in Singapore, which then resold the shipments to the United States with price mark-ups reaching up to 50 percent. This has raised concerns that a portion of the export value may have been moved offshore. He noted that while domestic export documentation in Indonesia appeared correct, discrepancies were found in transit records an

Market Snapshot Singapore stocks opened lower on Thursday. NIO rose 6%; SATS rose 5%, Wilmar fell 9%. Stocks in Focus $Keppel(BN4.SI)$: It said on Tuesday that the Indonesian High Court upheld an earlier dismissal of an individual’s 2.28 trillion rupiah (S$186.3 million) claim over Jakarta land owned by its subsidiary. After the South Jakarta District Court on Feb 9 dismissed the individual’s claim over the disputed land, he submitted an appeal against the decision. Keppel shares closed 2.1 per cent or S$0.23 lower at S$10.84 before the news. $IHH(Q0F.SI)$: The integrated healthcare operator on Tuesday reported a 3 per cent year-on-year rise in net profit to RM528 million (S$170.1 million) for its fir