To The Moon

Market Snapshot

Singapore stocks opened flat on Thursday. STI was merely changed; Olam Group up 6%; Keppel DC Reit, YZJ Shipbldg, YZJ Fin, Mapletree Log StarHub up 1%; SingPost and Sembcorp down 1%.

Stocks in Focus

Singapore Airlines (SIA) : SIA announced on Wednesday that passenger traffic for the group rose 14.7 per cent year on year in March, helping the group reach a record 42.4 million passengers for FY2025/26 ended Mar 31, 2026. The group carried 3.8 million passengers in March, up 14.9 per cent year on year. Shares of SIA ended at S$6.57, S$0.03 or 0.5 per cent lower.

Yangzijiang Shipbuilding : Yangzijiang announced on Wednesday that it has spun off a new unit to build and run facilities in Nantong, China, for delivering large vessels and carrying out ship repair and conversion work. The new wholly owned subsidiary, Jiangsu Yangzi Hongda Shipbuilding and Repair, has a registered capital of US$100 million, funded through the group’s “internal resources”. Shares of Yangzijiang Shipbuilding ended at S$4, S$0.02 or 0.5 per cent lower on Wednesday.

Keppel DC Real Estate Investment Trust (Reit) : The Reit on Thursday posted a distribution per unit of S$0.02833 for its first quarter, up 13.2 per cent from S$0.02503 in the previous corresponding period. Distributable income for the period was at S$74.6 million, a 20.7 per cent rise year on year from S$61.8 million. This came on the back of strong portfolio performance, said the manager of the Reit, and contributions from its acquisition of Tokyo Data Centre 3 and remaining interests in Keppel DC Singapore 3 and 4. Units of the Reit ended 0.4 per cent or S$0.01 lower at S$2.33 on Wednesday.

Suntec Reit : Its new sponsor Tang Organization could inject its 9 Penang Road building, on which UBS’ Singapore operations stands, into the Reit’s portfolio. The manager said on Apr 10, in response to a unitholder’s query, ahead of its Thursday annual general meeting, that the eight-storey commercial development could be a potential pipeline for Suntec Reit. Units of Suntec Reit closed up 1.3 per cent or S$0.02 at S$1.52 on Wednesday.

Olam Group : The group said on Thursday that it has obtained regulatory approvals from all jurisdictions for the proposed sale of its 44.58 per cent stake in Olam Agri to the Saudis. It expects the deal to complete in due course within the stipulated timeline. The counter finished Wednesday 1.1 per cent or S$0.01 higher at S$0.89.

StarHub : The telco is returning majority control of joint venture Ensign InfoSecurity to co-shareholder Temasek in a S$115 million deal. Starhub said on Wednesday this “partially (monetises)” its investment in the JV while retaining its strategic participation, enabling it to capital redeployment towards other strategic and core business investments. Shares of StarHub closed flat at S$1.05 on Wednesday, before the announcement.

SG Local News

Support of trusted regional partners key to securing energy needs: PM Wong

ingapore will do its part to shore up regional resilience amid the ongoing fuel crisis but it cannot secure its energy needs without the help of trusted partners in the region, said Prime Minister Lawrence Wong.

Resilience, he added, must be built collectively.

At an online summit with regional leaders, PM Wong, who is also Finance Minister, said no country can secure energy needs on its own.

Singapore captures 93% of SEA tech funding in Q1

Singapore-based tech firms captured 93% of Southeast Asia’s tech funding in the first quarter, as regional investment rose to $2.8b on the back of a sharp rebound in late-stage deals, according to Tracxn.

Singapore accounted for $2.6b of the total, far ahead of Bangkok’s $109m, with the city-state led by DayOne’s $2.0b Series C, two $100m Series B rounds by EPG, and Edena Capital’s $100m Series D. Bangkok ranked second in the region, helped by Amity Solutions’ $100m Series D, whilst Petaling Jaya came next with $30m.