To The Moon

Market Snapshot

Singapore 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-year increase in passenger traffic in December 2025 for the two carriers it operates. It came in at close to 14.2 billion for the month, compared with 13.9 billion in December 2024. Shares of SIA fell 0.6% or S$0.04 to close at S$6.36 on Thursday.

$CapitaLand Ascendas Reit(A17U.SI)$ (Clar): The Reit is acquiring a logistics property in Columbus, Ohio for S$94.5 million in a sale-and-leaseback deal with DHL, priced at a 3.3% discount to valuation. The deal will have a long-term lease until 2030 with 3.5% annual rental escalations, which Clar said will strengthen its US logistics portfolio. Units of Clar fell 1.4% or S$0.04 to close at S$2.84 on Thursday, before the announcement.

$CapitaLand India Trust(CY6U.SI)$ (Clint): Its trustee-manager on Thursday said it has secured its second long-term agreement with a global hyperscaler for Tower 2 of CapitaLand DC Navi Mumbai in Airoli, Navi Mumbai, India. The facility has a planned IT load of 37 MW and gross power capacity of 55 MW. The tower is expected to be completed by the fourth quarter of 2026, and will be progressively handed over to the tenant in the first half of 2027. Units of Clint ended Thursday 0.8% or S$0.01 lower at S$1.23, before the news.

$United Hampshire US Real Estate Investment Trust(ODBU.SI)$ (Reit): The manager of the Reit acquired Wallingford Fair Shopping Center in the US for US$21.4 million, it said on Thursday. The price of the freehold retail property is 8.2% lower than an independent valuation of US$23.3 million. Units of the Reit ended at US$0.525, US$0.005 or 0.9% lower, before the news.

$Lum Chang Holdings(L19.SI)$ (LCH), $Lum Chang Creations(LCC.SI)$ (LCC): LCH said in a Thursday profit guidance that it expects a “significant improvement” in net profit for the first half of FY2026, compared with the year-ago period. This is mainly due to stronger operating performance from its restoration and interior fit-out business LCC, which had been spun out of LCH after an internal restructuring in June 2025. The urban revitalisation specialist made its Catalist debut on Jul 21, 2025. Shares of LCH closed up 2.7% or S$0.015 at S$0.575 on Thursday, while those of LCC ended 3.4% or S$0.02 higher at S$0.61, prior to the news.

SG Local News

Singapore Home Sales Hit Multi-Year High Despite Recent Lull

Singapore new home sales reached their highest level in years in 2025, even after transactions cooled during the holiday season.

Developers sold 197 new private homes in December, a typically slow month for purchases, figures released Thursday by the Urban Redevelopment Authority show. Based on calculations by Bloomberg, that means more than 10,700 units were likely sold in the year.

The annual figure surpasses the 6,469 units transacted in 2024 and would be the highest since 2021, when a surge in buying during the pandemic led to 13,027 homes being sold.

Singapore’s Key Exports Growth Eases to 6.1% in December, Falling Short of Forecasts

The Republic’s key exports rose by 6.1% year on year in December, moderating from several months of double-digit expansions and coming in below consensus estimates, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Jan 16).

In November, the non-oil domestic exports (NODX) print came in at 11.5%. In October, it was 21.1%. The median estimate for the latest print in a Bloomberg poll of private-sector economists was a 10.1% jump.

Still, the December data brought full-year NODX to 4.8%, higher than the “around 2.5%” official forecast announced by the trade agency in November last year.

Changi Airport Ranks as 4th Busiest International Airport in 2025: OAG Report

Changi Airport was the fourth busiest international airport in 2025, according to data from global travel data platform OAG released on Thursday (Jan 15).

The airport recorded a seat volume of 42.6 million for 2025, 3% higher than in the previous year, the World’s Busiest Airports of 2025 report said.

This brought Changi Airport’s capacity back in line with pre-Covid levels in 2019, said the report, which generated the rankings based on scheduled capacity and seat numbers for international flight routes.

Keppel Bags 720 MW Power Bank for AI Data Centre Campus near Melbourne

Asset manager Keppel on Thursday (Jan 15) announced that it has secured a 720 megawatt (MW) power bank for an artificial intelligence data centre campus close to Melbourne, Australia.

The site is located south-east of Melbourne city, within the proposed Gippsland Renewable Energy Zone, one of the state’s largest electricity nodes.

Keppel said that the move brings its pipeline of data centre power-bank capacity from over 300 MW to “over 1 gigawatt (GW) of gross power capacity in the Asia-Pacific”.