SG Morning Call | STI Rises 0.5%; NIO up 2.5%; OUEREIT, AvePoint, Kep Infra Tr, YZJ Fin Hldg, OCBC Bank, SGX, Frasers Property, Keppel Reit up Around 1%; DBS up Within 1%
Market Snapshot
Singapore stocks opened higher on Friday. STI rose 0.5%; NIO up 2.5%; OUEREIT, AvePoint, Kep Infra Tr, YZJ Fin Hldg, OCBC Bank, SGX, Frasers Property, Keppel Reit up around 1%; DBS up within 1%.
Stocks in Focus
$OCBC(O39.SI)$: Its mobile banking services was fully restored after a two-hour outage on Thursday night. More than 1,400 customers reported issues with the OCBC mobile application such as difficulty logging in, though ATM and card services were unaffected. OCBC said that no customer data was compromised and that customers’ monies were safe during the incident. The counter ended Thursday 0.2 per cent or S$0.04 higher at S$18.27, before the news.
$Frasers Property(TQ5.SI)$: The company on Friday said that it will redeem S$300 million worth of perpetual securities next year on Jan 17. The securities are part of the company’s S$5 billion multi-currency debt issuance programme. The securities, which have a S$250,000 face value, will be subsequently cancelled and delisted from the Singapore Exchange. Shares of Frasers Property fell 1 per cent or S$0.01 to close at S$1.04 on Thursday.
$Straco(S85.SI)$: The Singapore Flyer operator on Thursday posted a net profit of S$10.7 million for its third quarter ended Sep 30, 8 per cent down from S$11.7 million in the year-ago period. Its revenue fell 13.4 per cent to S$27.2 million from S$31.4 million. The declines came as consumer sentiment was muted compared with previous years, Straco said. Its Xiamen aquarium and cable car operation in Xian reported lower revenue and profitability compared with Q3 2024 amid reduced spending from Chinese tourists and heightened competition. The counter ended Thursday 3.8 per cent or S$0.015 lower at S$0.385, before the news.
$ASL Marine(A04.SI)$: The mainboard-listed group posted a net profit of S$8.3 million for its first quarter ended September, compared with a net profit of around S$500,000 in the year-ago period. Its revenue rose 12.1 per cent to S$94.2 million from S$84 million. In tandem with the top-line growth, its earnings before interest, taxes, depreciation and amortisation increased by 13.3 per cent to S$20.4 million from S$18 million. The counter finished Thursday 4.1 per cent or S$0.01 higher at S$0.255.
$mm2 Asia(1B0.SI)$: HPE Facilities Services (Malaysia) on Wednesday terminated the business lease agreements it entered into with MM2 Screen Management, a Malaysian subsidiary of mm2 Asia. HPE is also seeking a payment of RM604,741.65 (S$189,796) from MM2 Screen Management within seven days from Wednesday, as this is the sum of the total outstanding lease payments the unit owes HPE under the terminated agreements, said mm2 Asia on Thursday. The counter closed at S$0.003 before it requested voluntary suspension on Nov 11.
SG Local News
Singapore Firms Call for Cost Relief, Manpower Support in Budget 2026: SBF Survey
As business sentiment weakens amid persistent global uncertainties, Singapore companies are looking to Budget 2026 for stronger government support.
Among their top asks for the upcoming Budget are schemes to manage rising costs, the development of the local workforce and improvement of cash flow, indicated the Singapore Business Federation’s (SBF) National Business Survey 2025, Annual Business Sentiments Edition, released on Thursday (Nov 27).
TotalEnergies Ceases Singapore EV Charging Operations; Charge-Point Network to Be Transferred to LTA
TotalEnergies Charging Services Singapore, the charging-point operator behind BlueSG, said on Thursday (Nov 27) that it “has signed a termination agreement to transfer its charge-point network” to the Land Transport Authority (LTA).
A spokesperson for LTA said TotalEnergies sought to terminate the contract from Sep 30, and LTA agreed.
The authority said in a statement that as the TotalEnergies charging points in Housing & Development Board (HDB) car parks are part of the public charging network, it agreed to have them be “progressively taken over by EV-charging operators that are already operating charging points in HDB car parks at no additional cost”.
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