SG Morning Call｜Singapore Stocks Opened Lower; Nio Up 4%; Katrina Down 23%; SIA, SGX, CapitaLand Investment Down 1%

TigerNews_SG
04-13

Market Snapshot

Singapore stocks opened lower on Monday. STI fell 0.35%; Nio up 4%; Katrina down 23%; SIA, SGX, CapitaLand Investment down 1%.

Stocks in Focus

Katrina Group : The Catalist-listed company on Friday said independent auditors from EY raised uncertainties in the company’s ability to continue as a going concern. This is mainly due to how the net and current liabilities of the group – which includes its subsidiaries – exceed its net and current assets. For the financial year ended Dec 31, 2025, the group had incurred a net loss of S$2.8 million, while the company’s net loss stood at S$128,000. Shares of the counter closed trading unchanged at S$0.034.

CapitaLand Investment : The real estate manager achieved final close of the CapitaLand Asia-Pacific Credit Program II, a bourse filing noted on Monday. It is the group’s second regional fund under its flagship real estate credit series and adds around US$600 million to its funds under management. The fund is allocated to five first mortgage loans for logistics, office and living assets located in Sydney, as well as the Seoul Metropolitan Area of South Korea. Shares of CapitaLand Investment closed 1.1 per cent or S$0.03 higher at S$2.82, before the announcement.

SG Local News

Hospitality REITs eye stronger Q1 earnings as hotel revenue jumps 11%

Singapore-listed hospitality real estate investment trusts (REITs) are expected to post improved performance for the first quarter (Q1) of FY2026, on the back of a recovery in hotel demand, according to a CGS International report.

The brokerage firm expects flat-to-positive hotel performance for March as revenue per available room rebounded 11% year-on-year (YoY) in February after a slight dip in January.

Olam chairman Lim Ah Doo to step down on 27 April

Olam Group chairman Lim Ah Doo will step down after completing his nine-year tenure as an independent director, with deputy chairman Yap Chee Keong set to assume the role.

The change will take effect at the conclusion of its fifth annual general meeting (AGM) on 27 April 2026, according to a bourse filing.

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