Market Snapshot

Singapore stocks opened Higher on Wednesday. STI rose 0.3%; BS6 rose 4%; AWX rose 3%; O39, S58, S63, Z74 rose 1%; U11 rose 0.4%.

Stocks in Focus

YZJ Shipbldg SGD : The Chinese shipbuilding company reported on Tuesday that year to date, it has secured US$7 billion in new orders for 87 vessels, taking its outstanding order book to US$26.3 billion. The company said new-build demand remains firm, driven by fleet renewal, the shift to dual-fuel vessels and trade route disruptions that continue to absorb shipping capacity. Shares of Yangzijiang ended 5.5 per cent or S$0.24 higher at S$4.59 on Tuesday.

JMSEA : The Hong Kong-based conglomerate reported a mixed performance across its businesses for the first nine months of 2026. Astra, its Indonesian subsidiary, reported a 1 per cent decline in net profit, excluding non-recurring charges, while its Vietnam-based associates THACO and REE posted higher earnings. Tunas Ridean, another Indonesian associate, also recorded higher car sales and profits. It was the group’s first performance update since divesting Cycle & Carriage. Shares of JMSEA closed 1.6 per cent or S$0.37 higher at S$24.08 on Tuesday ahead of the update.

Kep Infra Tr : The trust said on Wednesday it is proposing to acquire a 70 per cent stake in Keppel Sakra Cogen, a hydrogen-compatible power plant, for up to S$111.6 million. Based on pro forma FY2025 figures, the acquisition would have raised distribution per unit (DPU) by 5.1 per cent from S$0.0394 to S$0.0414 before scheduled loan repayments begin. After repayments commence, DPU would still rise by 2.8 per cent to S$0.0405. The deal is subject to regulatory and unitholder approvals. KIT closed flat at S$0.49 on Tuesday.

UMS : The precision engineering company more than doubled its net profit to S$21.1 million for its third quarter ended Sep 30. Revenue rose 61 per cent year on year to S$95.4 million, its highest quarterly figure in three financial years. Growth was driven by its semiconductor and aerospace businesses, with semiconductor revenue climbing 65 per cent and aerospace revenue rising 55 per cent. The group declared an interim dividend of S$0.01 a share, payable on Dec 18. Shares of UMS rose 3.6 per cent or S$0.06 to close at S$1.75 on Tuesday, ahead of the results announcement.

Boustead : The engineering and technology group on Tuesday reported a 10 per cent year-on-year decline in net profit to S$31.5 million for its first half ended Sep 30, despite revenue rising 38 per cent to S$406.6 million. The earnings decline was attributed to lower gross profit margins, a higher effective tax rate and an S$8.4 million reversal of share of net asset value following the dilution of its stake in associate UIB Holdings. The group declared an interim dividend of S$0.02 per share, up S$0.005 from a year earlier. It shares ended flat at S$1.62 on Tuesday.

SG Local News

Singapore to launch gold vault service for foreign central banks

Singapore has launched a gold vaulting service for foreign central banks and official institutions, seeking to tap growing demand to diversify where bullion reserves are stored.

The precious metal will be stored in the city-state’s national currency vault, which has capacity for as much as 500 tons, with room to expand as demand grows, the Monetary Authority of Singapore said in a statement on Tuesday.

Singapore’s Interbank Rate Hits Highest in More Than a Year

Singapore’s benchmark interest rate climbed to the highest level in more than a year on tighter local liquidity and expectations for further US interest-rate hikes.

The cost of overnight borrowing in Singapore’s interbank market rose 11.7 basis points to 1.7446% as of Friday, according to data published Tuesday. That was the highest since July 2025. Local markets were shut on Monday for a holiday.

Singapore’s borrowing costs are largely influenced by global interest rates and currency expectations because the Monetary Authority of Singapore conducts monetary policy through the exchange rate. That leaves local rates sensitive to shifts in US monetary policy, with markets bracing for the possibility of further Federal Reserve tightening after a 25-basis-point hike in September.

AI should not lead to a winner-takes-all scenario: MAS’ Chia Der Jiun

With artificial intelligence having the potential to benefit the entire financial ecosystem, regulators should aim to ensure a level playing field for AI to be adopted by smaller financial institutions as well, instead of reinforcing the dominance of their larger peers, said Chia Der Jiun, managing director of the Monetary Authority of Singapore (MAS).

The Republic is working with the industry to diffuse AI adoption more widely, so that it is not just the large financial institutions that are adopting AI well.

This comes as the city-state’s financial services sector rapidly adopts AI to spur efficiency and productivity gains, amid MAS’ encouragement of further innovation.

Sea Limited shares down 1.49% on third quarter earnings miss

SINGAPORE - On Tuesday, (NYSE:SE) reported third quarter results that missed earnings expectations despite beating revenue estimates.

The company posted adjusted earnings per share of $0.78 for the third quarter, falling short of the analyst consensus of $0.99 by $0.21. Revenue reached $8.6 billion, surpassing the $8.1 billion analyst estimate and representing a 43.4% increase YoY from $6.0 billion in the prior year period. Net income rose 34.0% YoY to $502.5 million.

UMS Integration doubles Q3 profit to S$21.1 million on semiconductor, aviation sales growth

Precision engineering company UMS Integration on Tuesday (Nov 10) reported a year-on-year doubling in net profit to S$21.1 million for its third quarter ended Sep 30.

This came on the back of its highest quarterly revenue in the past three financial years, the group noted, with a 61 per cent surge to S$95.4 million.

This offset increases in various expenSea Limitedses, including a 5 per cent increase in raw material and subcontractor charges to S$47.7 million, and a 51 per cent jump in employee benefits expenses to S$11.9 million.