Market Snapshot

Singapore stocks opened higher on Wednesday. STI was up 0.1%; LHN up 4%; Nio and Singtel up 1%; Singpost down 2%.

Stocks in Focus

Frasers Property : Its chief executive officer of emerging markets, Asia, Lim Hua Tiong, will assume the additional role of CEO of Frasers Property (Thailand) effective from Oct 1, 2025. This strategic leadership transition in Thailand marks an “important step in strengthening leadership alignment”, in line with the group’s OneFrasers strategy to enhance synergies and long-term value creation across key markets, the group said on Wednesday. The counter ended Tuesday 2.8 per cent or S$0.03 lower at S$1.04.

Singapore Post (SingPost) : Alibaba Investment, a subsidiary of Chinese e-commerce giant Alibaba Group, sold 151.3 million of SingPost shares for S$64.4 million on Tuesday, cutting its stake to 4.61 per cent from 11.33 per cent. The shares were sold at about S$0.426 apiece, 5.3 per cent lower than the S$0.45 closing price on Tuesday. The counter ended Tuesday S$0.005 or 1.1 per cent lower.

HRnetGroup : The mainboard-listed group expanded into Vietnam with the incorporation of a new wholly owned subsidiary AllwaysFirst, which will focus on professional recruitment in the country’s growth sectors, particularly in IT and tech. The group said the move marks its bid to enter one of Asia’s fastest-growing economies and Vietnam’s booming tech sector. Shares of HRnetGroup closed flat at S$0.71 on Tuesday, before the announcement.

LHN : The company’s space optimisation business continued to be a major revenue contributor, LHN said in a third-quarter business update on Wednesday. As at Jun 30, 2025, it managed more than 330,000 square feet (sq ft) under its commercial properties and over 1.8 million sq ft under its industrial properties. Additionally, the Singapore Exchange on Tuesday declared the group’s subsidiary Coliwoo to be conditionally eligible for a mainboard listing, LHN said in a separate announcement, where it provided an update on the proposed spinoff and listing of the unit. The counter ended Tuesday at S$0.86, S$0.025 or 3 per cent higher.

Sim Leisure : The theme park operator has reached a final settlement with Bandar Malaysia over a terminated theme park agreement. It will receive an undisclosed “compensation sum” which will be fully paid on or before Oct 30. The Catalist-listed group said the deal is set to have a “material positive impact” on its earnings for the financial year ending Dec 31, 2025. Shares of Sim Leisure closed flat at S$0.635 on Tuesday, before the announcement.

SG Local News

'Have to accept' that national identity may not be the most important identity for many Singaporeans: SM Lee

While the national identity has grown stronger as generations of Singaporeans tide through different crises, it may not be the only or most important identity for many Singaporeans, said Senior Minister Lee Hsien Loong on Tuesday (Sep 9).

Other aspects, such as race and religion, also form key parts of people’s lives, and there is a need to recognise that, he said.

Singtel renews UTES pact with focus on AI and new skills

Singtel has renewed its Memorandum of Understanding (MOU) with the Union of Telecoms Employees of Singapore (UTES), reinforcing its commitment to workforce transformation with a strategic focus on artificial intelligence (AI), sustainability, and emerging skills.

As part of this effort, Singtel has set out a multi-tier AI training target: foundational AI knowledge for all Singapore-based employees, practitioner-level training for 3,000 staff, and specialist-level training for 300 employees.