Market Snapshot
Singapore stocks opened higher on Tuesday. STI rose 0.4%; Food Empire up 7.4%; YZJ Fin Hldg up 3%; Singtel up 2.6%; SIA Engineering, ST Engineering up nearly 1%.
Stocks in Focus
Keppel Infrastructure Trust (KIT): The manager on Tuesday posted a distribution per unit (DPU) of S$0.0197 for its second half ended Dec 31, 2025, 1 per cent up from its DPU of S$0.0195 in the previous corresponding period. Its distributable income for the period rose 18.8 per cent year on year to S$130.1 million, from S$109.5 million previously. Units of KIT closed Monday 1 per cent or S$0.005 higher at S$0.525, before the news.
Parkway Life Real Estate Investment Trust (PLife Reit): The manager on Monday posted a 3.5 per cent rise in DPU to S$0.0764 for the second half ended Dec 31, 2025. The healthcare Reit posted a 7.1 per cent rise in H2 gross revenue to S$78 million. This was amid contributions from a nursing home it acquired in Japan in August 2024, and 11 others it bought in France in December that year. PLife Reit ended Monday at S$4.07, down S$0.01 or 0.3 per cent.
Keppel Pacific Oak US Reit (Kore): The office-focused US Reit said it is resuming distributions early, with a DPU of US$0.0025. This was despite a 3.1 per cent fall in distributable income to US$23.1 million for the second half ended Dec 31, from US$23.8 million in the previous corresponding period. This brought its income available for distribution for the full year down 9.6 per cent at US$43 million from US$47.6 million. Units of Kore fell 2 per cent to close US$0.005 lower at US$0.24 on Monday.
PropNex: A PropNex unit, its salesperson and a law firm are being sued over a “99-1” property transaction by a married couple, who alleged a breach of duty by the three. The couple is claiming S$367,405, the sum in additional tax and surcharge the authority has asked them to pay for avoidance of the relevant stamp duty for a condominium they bought. PropNex said on Monday that it is taking legal advice and will “vigorously defend the suit”. The counter closed Monday 2.3 per cent or S$0.05 down at S$2.14, before the news.
Singapore Exchange (SGX): The bourse operator and the Monetary Authority of Singapore (MAS) are working on paving the way for forward-looking disclosures by listed companies. The MAS is seeking feedback on proposed changes to the Securities and Futures Acts and draft regulations regarding a proposed dual listing board. It comes as the SGX Regulation gathered feedback that forward-looking statements rank high on investors’ wish lists. The counter closed 0.4 per cent or S$0.07 lower at S$17.56, before the news.
SG Local News
Singapore Manufacturing PMI at a 10-Month High in January, Driven by AI Boom
Overall factory activity in Singapore rose to 50.5 in January, its highest reading in 10 months, as manufacturers across the region benefited from sustained demand for artificial intelligence (AI)-related products.
The purchasing managers’ index (PMI) rose 0.2 point to 50.5 in January from 50.3 in December, data from the Singapore Institute of Purchasing and Materials Management (SIPMM) showed on Monday (Feb 2).
HDB to Launch 1,600 BTO Flats in Lakeview and Shunfu; First New Supply in over 40 Years
The Housing & Development Board (HDB) will launch a 1,200-unit Build-To-Order (BTO) project in Lakeview this June, kicking off the first supply of new public housing in the Lakeview and Shunfu areas in more than four decades.
On Monday (Feb 2), HDB announced that the project is part of a larger pipeline of about 1,600 new homes planned for the two established estates.
