SGX Weekly Review | STI Rises 0.85%; AEM Holdings Soars 48%; YZJ Maritime Soars 20%; Frencken Soars 17%; Singtel Falls 2%
Singapore stocks rose this week, with the STI up 0.85%.
In terms of individual stocks, $AEM Holdings(XWA.SI)$ soared 48%; $YZJ Maritime(8YZ.SI)$ rose 20%; $Frencken(E38.SI)$ rose 17%;
Market News
$AEM Holdings(XWA.SI)$ Soars 48% on Strong Annual Report Showing AI/HPC Momentum and Buyback Plans
AEM Holdings' stock surged 48% this week, reflecting positive investor sentiment following the release of its annual report.
The company's FY2025 report highlighted a strategic shift from custom test projects toward scalable platforms tied to growing artificial intelligence and high-performance computing demand. A production ramp with a second AI/HPC customer is driving business momentum, with that customer expected to become the top revenue contributor in FY2026.
Additionally, AEM announced the renewal of its share buyback program, with the mandate set for vote at the upcoming annual general meeting. The board outlined the buyback rationale around improving shareholder returns and returning surplus cash, which typically provides support for the stock price.
DBS Initiates ‘Buy’ on $Yangzijiang Maritime(8YZ.SI)$, Citing Investments, Shipbuilding Opportunities
DBS Group Research initiated a “buy” on maritime investment company $Yangzijiang Maritime(8YZ.SI)$ on Wednesday (Apr 8), given the group’s partnerships in the maritime ecosystem and accelerated capital deployment into new maritime investments.
Analyst Ho Pei Hwa set a target price of S$0.88, representing a 63 per cent upside from the company’s closing price of S$0.54 on Tuesday. The counter rose 9 per cent or S$0.05 to close at S$0.59 on Wednesday.
Yangzijiang Maritime was spun off from the maritime investment division of Yangzijiang Financial and debuted on the Singapore Exchange’s mainboard on Nov 18, 2025.
$Frencken(E28.SI)$ Soars 17% on Strong FY2025 Results and AI-Driven Semiconductor Outlook
Frencken Group's stock price soared 3.35% during intraday trading on Tuesday, following the release of its FY2025 annual report which highlighted improved performance and a positive growth trajectory.
The company reported stronger demand in its Mechatronics division, particularly across the semiconductor, medical, and industrial automation sectors. For the upcoming fiscal year, Frencken identified semiconductor as its key growth driver, supported by AI-driven end-market demand and ongoing supply-chain diversification efforts.
Additional positive developments included the company's capacity expansion in the United States with a new facility approximately three times the size of its previous site, and the progression of a major consolidation project in Singapore. While the Automotive, Prototyping & Systems (APS) business faced softer demand, the group's overall strategic focus and operational improvements appear to have bolstered investor confidence.
$Singtel(Z74.SI)$ to Transfer Special Discounted Shares to CDP Accounts in November
Singapore Telecommunications disclosed a plan to transfer special discounted shares (SDS) from the Central Provident Fund (CPF) Board to the Central Depository (CDP) accounts of SDS holders, according to a Tuesday filing with the $Singapore Exchange(S68.SI)$.
The telco's shares were down over 2% this week.
Presently, the company's SDS are currently held in the CDP accounts under the CPF Board's name, the filing said.
The move, enabled by a bill introduced in Parliament on April 7, will see the mass migration of SDS on Nov. 21, subject to the bill being passed. No action is required for the SDS holders wishing to keep their Singtel SDS holdings.
However, a waiver has been announced for SDS holders looking to sell their shareholding. They will be able to withdraw sale proceeds in cash, instead of having to retain the sale proceeds in their CPF, effective April 8, the filing added.
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