Market Snapshot

Singapore stocks opened higher on Monday. STI up 0.1%; Nio up 4%; ManulifeReit and ST Engineering up 1%.

Stocks in Focus

Keppel, Keppel Data Centre Real Estate Investment Trust (Keppel DC Reit) : The two entities said on Dec 26 that the authorities have conditionally green-lit a 10-year lease extension for Keppel Data Centre Campus, which is owned by a Keppel-led joint venture (JV). This is part of a deal announced in November 2024 for the Reit to acquire two hyperscale data centres from the JV. Under the deal, the Reit will pay the JV S$350 million upon approval of the lease extension. Keppel shares closed Friday 1 per cent or S$0.10 down at S$10.25, after the news; units of Keppel DC Reit finished the day flat at S$2.21.

Frasers Property, Thai Beverage (ThaiBev): Frasers Property Holdings (Thailand), a Frasers Property subsidiary, has agreed to lend around 938.6 million baht (S$37.7 million) to Must Be Company, a JV between Frasers Property Technology (Thailand) and two wholly owned units of ThaiBev. The sum comprises a loan facility of up to 349.3 million baht and a separate amount of 589.3 million baht. The capital injections will support the JV’s purpose of advancing the technology and digitalisation of both the Frasers Property and ThaiBev groups. Shares of Frasers Property ended Friday flat at S$1.14, before the news; shares of ThaiBev closed Friday S$0.005 or 1.1 per cent higher at S$0.46.

SG Local News

64% of Singapore workers eye job switch amid tight labour market: Randstad study

Most Singapore employees plan to leave their jobs if they are not satisfied with their salary increments or bonuses, a Randstad Singapore study has found.

Despite this, only 28 per cent are confident about securing a promotion and raise, as employees’ annual salary increment expectations remain modest amid economic uncertainty.

These were the findings of Randstad Singapore’s 2026 Job Market Outlook and Salary Guide, which surveyed 500 respondents in Singapore to assess workers’ employment expectations and attitudes.

Ngs of Far East Organization raise stake in Banyan Tree Holdings again

The Ngs of property giant Far East Organization have raised their stake in Banyan Tree Holdings again in just over a month.

On Dec 23, via an entity called Goodview Properties, the Ngs bought 1,825,800 shares at 61.5 cents each from the open market.

With this round of buying, the Ngs now control 61,873,600 shares, equivalent 7.14%. Previously, they held 6.93%.