Market Snapshot

Singapore stocks opened lower on Thursday. STI fell 0.4%, DBS rose 0.4%, UOB fell 0.8%, Seatrium fell 1%, Nio fell 4%, KepPacOak fell 6.8%.

Stocks to Watch

Asia-Pacific Strategic Investments : The Catalist-listed company has agreed to operate and manage two airports in Timor-Leste, marking its potential entry into the aviation infrastructure sector. On Wednesday, the group said its proposed diversification will require the approval of shareholders. Shares of Asia-Pacific Strategic Investments closed flat at S$0.001 on Tuesday before it requested a trading halt the following morning. The counter resumes trading on Thursday.

SG Local News

Singapore among top 3 busiest international flight routes in 2024: report

Singapore is on three of the world’s busiest international flight routes this year, said a report released by global travel data platform OAG on Wednesday (Dec 18).

Globally, the Kuala Lumpur-Singapore route is the fourth-busiest international airline route for 2024, with the capacity on this route up 10 per cent – to 5.4 million seats – compared with that in 2023, according to the report.

Return of the Reits? Singapore’s IPO scene set to come alive after subdued year

Singapore’s status as a real estate investment trust (Reit) stronghold is likely to result in higher initial public offering (IPO) activity next year, as possible rate cuts will encourage new Reit listings on the Singapore Exchange (SGX).

To be sure, industry watchers remain cautious amid the return of Donald Trump as president of the United States, which may result in the US Federal Reserve cutting rates at a slower pace.

For the year to Dec 17, Singapore welcomed four new listings on the Catalist board. There were no mainboard listings. The companies raised a total of S$45.9 million, according to bourse data.