Market Snapshot

Singapore stocks opened higher on Friday, heading another record high. STI was up 0.2%; Nio up 4%; CLCT, SingPost and UOL up 1%.

Stocks in Focus

CapitaLand Investment (CLI) : CapitaLand China Trust (CLCT) : CapitaLand Commercial C-Reit (CLCR) was 254.5 times subscribed from institutional investors during the bookbuilding tranche of its Shanghai initial public offering (IPO), said CLI on Friday. The asset manager, CLCT and CapitaLand Development will collectively hold 20 per cent of CLCR’s IPO units. Offline institutional investors were allotted 27.92 per cent in the bookbuilding tranche, while retail and institutional investors subscribed for 11.97 per cent via the public tranche. CLI shares ended Thursday flat at S$2.77; CLCT shares closed unchanged at S$0.79.

Frasers Hospitality Trust (FHT) : It is expected to delist on or around Oct 6 at 9 am and trading of its stapled securities is set to be suspended at 9 am on Friday, the managers said on Thursday. This comes as Frasers Property’s May proposal to buy out FHT at S$0.71 per stapled security, its second attempt to privatise the stapled group, succeeded in August after receiving investor backing. FHT’s stapled securities closed flat at S$0.71, before the announcement.

Healthcare provider TalkMed announced on Thursday (Sep 11) that it will be delisted from the Singapore Exchange from 9 am on Sep 15. This follows confirmation from TW Troy Limited, a special-purpose vehicle managed by healthcare group Tamarind Health, that it had completed payment of the scheme consideration to TalkMed shareholders on Thursday. 

Property developer Low Keng Huat has sunk into the red with a net loss of S$10.2 million for its first half ended Jul 31, compared with a net profit of S$5.8 million in the previous corresponding period.

Subsidiaries of IReit Global have been served with a payment order filed by Deutsche Rentenversicherung Bund (DRV), the former main tenant of its Berlin Campus, in a move that escalates a potential legal dispute into a formal court proceeding.

SG Local News

Singapore ranked top FDI confidence destination in Asia-Pacific

Singapore has emerged as the top destination for foreign direct investment (FDI) confidence in the Asia-Pacific region, according to a Bloomberg report.

Among regionally focused investors, 62% expressed increased net confidence in Singapore as an FDI destination. Key factors contributing to this sentiment include political stability (62%), rule of law (54%), and tax incentives (53%). These attributes were identified as the most critical in shaping investor decisions.

Singapore wealth management sector valued at $198b in 2025

Singapore's wealth management industry has reached a valuation of approximately $198b and now hosts 1,650 single-family offices, according to a report.

The data, released by ResearchAndMarkets via GlobeNewswire, emphasized Singapore’s role as a leading hub for wealth management in Asia, even as competition intensifies from regional rivals such as Hong Kong and Dubai.