To The Moon

The Singapore stock market performed robustly in 2025, with STI posting a 23% gain. Notably, Hong Leong Asia soared by an impressive 173%; Food Empire surged 159%; ST Engineering jumped 85%.Hong Leong Asia: Strong Growth, Twin-Engine Upside & ASEAN Expansion OpportunitiesHong Leong Asia benefited from rising construction demand in Singapore, Malaysia, and China, and a recovery in China’s truck market.HLA has strong financials with significant net cash and free cash flow, supporting dividends, plant upgrades, and expansion in ASEAN without equity pressure.Property and powertrain segments offer upside, with new batching capacity and regional engine production, while the group’s new-energy roadmap (hybrids, e-axles, hydrogen) keeps HLA competitive as truck electrification rises.Food Empir

SATS has revealed modifications to its board structure, confirming that Jessica Tan will resign from her director position effective December 31. Tan will be stepping down from her roles as chair of the nominating committee and as a member of the audit committee; she was originally appointed to the board on April 17, 2017, having served as an independent director for nearly nine years. Effective January 1, the board's composition will include Irving Tan, Kerry Mok, Vinita Bali, Chan Lai Fung, Chan Lai Fung, Eng Aik Meng, Mak Swee Wah, Deborah Ong, and Pier Sigismondi. On December 30, shares of SATS closed one cent higher, a gain of 0.263 percent, at $3.81. $(S58.SI)$

ESR Trust Management, the entity managing Suntec REIT, has announced modifications to its board and board committee structures, effective from December 31. Notably, Chan Pee Teck Peter and Foo Yee Shoon will retire from their positions as independent non-executive directors, having reached the maximum tenure limit of nine years. Concurrently, Shen Jinchu and Matthew James Lawson will step down as non-executive directors, a move that aligns with a planned change in the ownership of the manager. Abdul Jabbar Bin Karam Din is slated for appointment as chairman of the nominating and remuneration committee (NRC) and as a member of the audit and risk committee (ARC). Anthony Charles Philip Couse will join as a member of both the NRC and ARC, while David Alasdair William Matheson is appointed as

H2G Green Limited has issued an update regarding the proposed acquisition of T T J Greenfuel, announcing that all involved parties have consented to a further extension of the long-stop date for fulfilling the conditions precedent outlined in the sale and purchase agreement (SPA). The long-stop date has been pushed back from December 31, 2025, to January 31, 2026. The parties have also mutually agreed that the completion date for the acquisition will be no later than the newly extended long-stop date of January 31, or a date within 14 days of receiving JTC approval, whichever occurs first. Shares of H2G Green concluded trading unchanged at 1.1 cents on December 29. $(5AI.SI)$

Market SnapshotSingapore stocks opened higher on Tuesday. STI up 0.4%; Nio up 3%; ST Engineering up 1%; ThaiBev down 1%. Stocks in FocusKeppel : Its real estate subsidiary Keppel Management, formerly known as Keppel Land, has terminated the US$800 million multicurrency term note programme it established on Jan 7, 2002, with effect from Monday. The unit added that it does not intend to issue further notes under the programme, Keppel said on Monday. The counter closed 0.1 per cent or S$0.01 higher at S$10.26, before the news.Manulife US Real Estate Investment Trust : (Manulife US Reit): Its indirect subsidiary Hancock S-Reit Sacramento, which held the now-divested property in Sacramento known as Capitol, has been voluntarily wound up and dissolved. The manager said on Tuesday that this does

Market SnapshotSingapore stocks opened higher on Monday. STI up 0.1%; Nio up 4%; ManulifeReit and ST Engineering up 1%.Stocks in FocusKeppel, Keppel Data Centre Real Estate Investment Trust (Keppel DC Reit) : The two entities said on Dec 26 that the authorities have conditionally green-lit a 10-year lease extension for Keppel Data Centre Campus, which is owned by a Keppel-led joint venture (JV). This is part of a deal announced in November 2024 for the Reit to acquire two hyperscale data centres from the JV. Under the deal, the Reit will pay the JV S$350 million upon approval of the lease extension. Keppel shares closed Friday 1 per cent or S$0.10 down at S$10.25, after the news; units of Keppel DC Reit finished the day flat at S$2.21. Frasers Property, Thai Beverage (ThaiBev): Frasers Pro

Singapore stocks jumped this week, with the STI up 1.5%.Meanwhile, Singapore's key consumer price gauge rose 1.2% in November from a year earlier.In terms of individual stocks, Seatrium rose 3.4%; DBS rose 2.5%; Sembcorp and Yangzijiang Shipbuilding rose 2.4%; ST Engineering rose 2.3%; Keppel rose 2.2%; SIA rose 1.6%; SGX rose 1.5%; OCBC rose 1.3%; UOU rose 1.2%.Market NewsSingapore Core Inflation at 1.2% Y/Y in November, Lower Than ExpectedSingapore's key consumer price gauge rose 1.2% in November from a year earlier, official data showed on Tuesday.The core inflation rate, which excludes private road transport and accommodation costs, was lower than the median forecast of 1.3% in a Reuters poll of economists, and matches the 1.2% reading in October.Headline inflation was 1.2% in annual t

Market SnapshotSingapore stocks opened lower on Friday. STI fell 0.13%; Top Glove up over 2%; ThaiBev up over 1%; SATS, SIA up slightly; OUEREIT down over 1%.Stocks in Focus$Sembcorp Industries(U96.SI)$: Sembcorp Green Infra, an Indian unit of Sembcorp Industries, on Friday completed the acquisition of a 100 per cent stake in solar power company ReNew Sun Bright for about S$246 million. ReNew owns and operates a 300 megawatt solar power project in Rajasthan, India. Shares of Sembcorp Industries rose 0.2 per cent or S$0.01 to close at S$6 on Wednesday.$Keppel Reit(K71U.SI)$: The manager of the real estate investment trust (Reit) on Wednesday said a wholly owned Keppel Reit financial unit has obtained

Market SnapshotSingapore stocks opened lower on Tuesday. STI fell 0.13%; OUEREIT, Keppel DC Reit, Frasers Property up around 1%; ThaiBev, YZJ Fin Hldg down over 1%.Stocks in Focus$Manulife US Real Estate Investment Trust(BTOU.SI)$ (Manulife US Reit): The Reit manager posted an update on Wednesday that the master restructuring agreement concessions, which include an extension of its asset disposal deadline and temporary relaxation of its financial covenants from Dec 31, 2025, to Jun 30 next year, have been granted. It grants consent to keep its unencumbered gearing not more than 80 per cent until Jun 30, and to keep interest coverage ratio at no less than 1.5 times until Dec 31 next year. Units of Manulife US Reit ended at US$0.072, US$0.001 or

Market SnapshotSingapore stocks opened flat on Tuesday. IHH up over 4%; YZJ Fin Hldg, Riverstone, ThaiBev up over 1%; Tanlord Land, AvePoint down over 1%; Top Glove down over 2%.Stocks in Focus$CapitaLand Investment(9CI.SI)$ (CLI): Bursa-listed CapitaLand Malaysia Trust (CLMT) has agreed to buy five high-specification industrial facilities in the Johor-Singapore Special Economic Zone for RM220.8 million (S$69.2 million), said CLI on Monday. The acquisition supports CLMT’s strategy to expand its industrial and logistics portfolio with high-quality assets in an established location, said the chief executive of CapitaLand Malaysia Reit Management, a wholly owned subsidiary of CLI that manages CLMT. CLI shares closed 0.7 per cent or S$0.02 down at S