Market Snapshot

Singapore stocks opened higher on Monday. STI rose 0.56%; Seatrium, Suntec Reit up over 2%; SIA, DBS, CapLand India T, YZJ Shipbldg SGD up around 1%.

Stocks in Focus

Seatrium: Seatrium announced on Monday that it has reached an agreement with a buyer, Maersk Offshore Wind’s affiliate, Phoenix II, for it to pay the balance of its contract price – valued at US$360 million – upon delivery of a vessel. The wind turbine installation vessel involved in the contract will also be delivered by Feb 28, 2026. Shares of Seatrium closed flat at S$2.07 on Friday. 

CNMC Goldmine: A Malaysian unit of CNMC was hit with an additional income tax and penalty by the Inland Revenue Board of Malaysia, amounting to RM29.6 million (S$9.4 million), for the assessment years 2019 to 2024. The Catalist-listed gold-mining company on Friday said that it intends to file an appeal. Shares of CNMC closed S$0.02 or 1.9 per cent higher at S$1.09 on Friday.

Singapore Paincare: The Securities Investors Association (Singapore) called on the board of directors of Singapore Paincare to provide greater clarity and transparency in light of the impact of its collapsed privatisation bid on minority shareholders on Friday. The association referred to the lack of “available assets, funds or collateral” from the offeror, Advance Bridge Healthcare, to support a fresh confirmation of financial resources. Shares of Singapore Paincare closed flat at S$0.13 on Friday.

SG Local News

Singapore F&B Players Push for More Changes in Import Rules to Ease Food Cost Squeeze

The Restaurant Association of Singapore (RAS) is calling for an expansion of food sources approved by the authorities while also exploring collective procurement, as local food and beverage (F&B) operators face stiffer competition and rising operating costs.

Benjamin Boh, RAS president, told The Business Times that the main challenge for the local industry players remains the “relentless squeeze” from rising operating costs and the volatility of a market defined by rapidly shifting consumer preferences.

Singapore Market Reforms May Lift Sentiment in 2026 Despite Geopolitical, Trade Uncertainty

Since the beginning of the year, the Straits Times Index (STI) is up 20.7 per cent.

Things may take a turn for the worse in 2026, though. For starters, the US is likely to remain a source of global instability as it copes with internal political competition. Last week, US President Donald Trump addressed Americans in a live speech from the White House that was widely seen as an effort to boost his sagging popularity.

There are also concerns that the AI boom has turned frothy. The Monetary Authority of Singapore (MAS) made specific reference in its Financial Stability Review last month to “novel and potentially circular private financing arrangements” by hyperscalers to fund their expansions.

MAS also warned that the strong gains by global equity markets, fuelled by technology and AI stocks, could now be susceptible to adverse events. “The continued divergence between equity market valuations and rising downside risks to growth raises the prospects of disorderly corrections in the event of shocks,” the authority said.