Singapore shares fell 0.58% this week, tracking regional and global losses as Iran launched missiles at Israel in response to intensive Israeli strikes aimed at crippling Tehran's ability to build nuclear weapons.

In terms of star stocks, oil stock TPED soared 13%; Ho Bee Land jumped 12%; SIA Engineering gained 5%; HPH Trust USD rose 3%.

Ho Bee Land Soars 12% as Its Founder Ups Stake In Company

Ho Bee Land’s founder and executive chairman, Chua Thian Poh, has been increasing his stake in the company via Ho Bee Holdings since May this year.

Since May 14, Chua has bought a total of 366,100 shares for a total of $652,763 or an average price of $1.783 per share.

Chua’s latest purchase took place on June 5 when Ho Bee Holdings acquired 137,900 shares for $248,220 or $1.80 per share via market transaction.

SIA Engineering Gains From New Singapore Airlines, Scoot Contract

SIA Engineering stands to benefit from its new contract with Singapore Airlines and Scoot, DBS Group Research's Jason Sum says in a research report.

The maintenance, repair and overhaul services provider renewed its comprehensive service agreement with SIA and Scoot last month, the analyst notes.

DBS estimates the contract brings high single-digit boost in MRO rates charged to SIA Group versus its prior expectation of a mid-single-digit increase. DBS lifts its FY 2026-2027 earnings estimates for SIA Engineering by 5%-6%. It also raises the stock's target price to S$3.50 from S$2.80 with an unchanged buy rating.

DBS Tops $100 Billion Market Value in First For Singapore Banks

DBS Group Holdings Ltd. became the first bank in Singapore to top $100 billion in market value, helped by a softer US currency that amplified gains on the local stock market.

Southeast Asia’s top lender gained as much as 0.84% in Singapore trading on Monday to hit S$45.48. The firm is trading at a market capitalization of S$129 billion ($100.2 billion). But shares retreated in the following trading days and registered a weekly loss of 1.5%.

Singapore lenders have pledged in recent months to hand over billions of dollars in surplus capital to investors, encouraged by record-high earnings last year. DBS in particular, has benefited from increases in lending and wealth fees.

Singapore Order Leads Unlicensed Crypto Exchanges to Weigh Exit

A final warning from Singapore’s regulator has prompted major crypto exchanges operating in the country without a permit to plan for a hasty exit.

Bitget and Bybit — top-10 exchange operators by volume with a presence in Singapore but no local license — plan to reorganize their teams, according to people familiar with the matter. Bitget will shift staff to jurisdictions including Dubai and Hong Kong, while Bybit is weighing similar moves, said the people, who refused to be identified as the plans are confidential.

Singapore is among Asia’s foremost crypto hubs and a regional base for major global players such as Coinbase and Crypto.com. But it still bears the scars of a string of local blow-ups from the last industry downturn in 2022. Even as it doles out licenses, authorities in the city-state have warned consumers against trading cryptocurrencies and restricted related advertisements.

Singapore Retail Vacancy Creeping up with More Tenants Looking to Exit

Retail space vacancy across Singapore crept up in the first quarter as net take-up slowed and fresh supply hit the market, with leasing agents observing more tenants looking to pre-terminate their leases.

Islandwide, retail vacancy inched up to 6.8 per cent in Q1 2025 from 6.2 per cent in the previous quarter, based on government data.

Some 323,000 square feet (sq ft) of new space came on stream in Q1, a report by Savills Singapore showed. And net demand for retail spaces stood at a negative 129,000 sq ft in the period, reversing five quarters of positive take-up, as occupancy fell across most areas.