SGX Weekly Review | STI Rises 2.2%; UMS jumps about 12%; UOL, Bukit Sembawang, China Aviation gain over 7%; SIA Engineering Drops 6%
Singapore shares jumped this week, with the STI rising 2.2%. In terms of individual stocks, $Alibaba HK SDR 5to1(HBBD.SI)$ jumped over 13%; $UMS(558.SI)$ rose 11.7%; $UOL(U14.SI)$, $Bukit Sembawang(B61.SI)$, $China Aviation(G92.SI)$ rose over 7%; $SIA Engineering(S59.SI)$ down over 6%; $Top Glove(BVA.SI)$ down over 5%; $First Sponsor(ADN.SI)$ down over 4%.
Market News
UMS Integration Jumps 12% Following Debt-Free Penang Expansion And Richer Product Mix
$UMS Integration(558.SI)$ continued investing heavily in capacity expansion at its Penang plant. An interesting angle is that the company is funding this expansion while keeping a strong cash balance, carrying no debt, and beginning shipments to a major new Malaysian customer, underscoring how a richer product mix can support profitability even as top-line sales cool.
UOL Group Rises 7.7% After Awarded Tender for Hougang Central at Tender Price of $1.5 Bil
A consortium comprising $UOL Group(U14.SI)$ has been awarded the tender for the integrated residential and commercial site at Hougang at a tender price of $1.5 billion.
The consortium, which includes the company’s JV company Horizon Residential (Residential SPV), and a wholly-owned sub-trust of CICT, submitted the bid last Dec.
The site is a leasehold of 99 years, with a land area of 46,899.4 square metres. It is a mixed use development comprising a residential and commercial development integrated with an MRT station, a bus interchange and town plaza.
SIA Engineering Plummets over 6% as DBS Downgrades to "Hold"
$SIA Engineering(S59.SI)$'s stock fell sharply by 6.45% for the week, underperforming the broader market.
The decline follows a downgrade by DBS Group Research from "buy" to "hold," with analysts stating that much of the positive outlook for the aircraft-maintenance company has already been priced in. While DBS acknowledges robust maintenance demand and potential capacity expansion, it sees limited upside for the stock at current levels. The bank maintains a target price of S$4.00.
UOB to Issue $850 Million in Perpetual Capital Securities with 3% Distribution Rate
$United Overseas Bank(U11.SI)$ (UOB) 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. Shares of UOB gained 2% for the week.
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.
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. 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.
$(STI.SI)$ $(HBBD.SI)$ $(558.SI)$ $(U14.SI)$ $(B61.SI)$ $(G92.SI)$ $(EB5.SI)$ $(BVA.SI)$ $(S59.SI)$ $(HPPD.SI)$ $(HTGD.SI)$Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
