Market Snapshot

Singapore stocks opened higher on Tuesday. STI rose 0.3%; Hongkong Land rose 2%; ST Engineering rose 0.9%; SingPost rose 0.8%; Sembcorp Industries and DBS rose 0.4%; UOB, OCBC, and SGX rose 0.3%.

Stocks in Focus

City Developments (CDL): Its Singapore-based subsidiary, Millennium Hotels and Resorts, launched a cross-brand loyalty programme with Germany’s Maritim Hotels. The tie-up allows members of either hotel chain’s loyalty programmes to get discounts on bookings at participating properties. Kwek Leng Beng, chairman of Millennium Hotels and Resorts, said that the collaboration expands the hotel chain’s access to Germany and the larger European Union, which is an important travel and business region. Shares of CDL finished Monday 1 per cent or S$0.05 higher at S$5.19.

UMS Integration: The semiconductor manufacturer on Monday announced that it issued its prospectus for its secondary listing on the main market of Bursa Malaysia. Chief executive officer of UMS Andy Luong noted that the secondary listing aims to broaden its investor base and could potentially improve liquidity as well as provide flexibility to access different equity markets for future fundraising. Shares of UMS closed on Monday 2.2 per cent or S$0.03 lower at S$1.33.

Capital World: In an update on legal claims against its unit, the group said that the Sessions Court has dismissed legal claims against its subsidiary Capital City Property on May 29, 2025, and has awarded costs of RM9,000 (S$2,728) in its favour. On Jun 4, 2025, the plaintiffs filed a notice of appeal to the Malaysian High Court in Johor Bahru, seeking to appeal the verdict. The counter ended Monday flat at S$0.002.

Sanli Environment: Environmental engineering company Sanli Environment called for a trading halt on Tuesday morning, pending the release of an announcement. The counter ended Monday 2.4 per cent or S$0.003 higher at S$0.128.

SG Local News

First Train Unveiled for Johor Bahru-Singapore RTS Link; Service Will Run from 6am to 12am

The Johor Bahru-Singapore Rapid Transit System (RTS) Link marked another milestone with the unveiling of the line's first train on Monday (Jun 30).

Manufactured by China Railway Rolling Stock Corporation (CRRC), each train will have a standing capacity of 607 passengers, and can carry up to about 1,000 passengers at peak hours.

The first trains will depart from each end of the line at 6am, while the last trains will depart at 12am each day. The line is expected to have a peak capacity of 10,000 passengers an hour in each direction.

Some Gen Zs Are in Their Third or Fourth Job by Age 25: Workforce Singapore

The number of Gen Zs switching jobs has more than tripled in 2024, according to Workforce Singapore. Some of them are even starting their third or fourth job by the age of 25. WSG said to date, over 2,400 individuals born after 1997 have enrolled in its Career Conversion Programmes. This is up from just over 300 participants in 2021. Richa Mathew reports.

NTT Seeks up to $864 Million in Data Centre REIT's Singapore IPO, Term Sheet Shows

Japanese telecom giant NTT is seeking to raise roughly $864 million in a Singapore IPO for a data centre REIT if an overallotment option is included, according to a term sheet that marked the start of the bookbuilding process.

NTT DC REIT's portfolio comprises six data centre assets located in the United States, Austria and Singapore, according to a preliminary prospectus filed on Friday.

The value of the base offering is between $772 million and $812 million while the overallotment option would add another $51.5 million, the term sheet sheet showed.