Market Snapshot

Singapore stocks opened flat on Monday. Nio up 4%; AHT and ThaiBev up 2%; YZJ Fin down 4%; YZJ Shipbldg and SingPost down 1%.

Stocks in Focus

Stoneweg Europe Stapled Trust (Sert) : The trust has bought a freehold logistics property in The Netherlands for 35 million euros (S$51.7 million). The purchase price was at an 8 per cent discount to the JLL independent valuation and 37 per cent below estimated reinstatement cost, said Simon Garing, the chief executive of Sert’s manager. This was the first property acquisition for the trust since 2022. Stapled securities of Sert fell 1.3 per cent to close 0.02 euro lower at 1.56 euros on Friday.

Acrophyte Hospitality Trust (AHT) : The manager of the trust announced on Monday that its sale of Hyatt Place Memphis Primacy Parkway has been terminated. A deposit of US$100,000 has been refunded to the buyer, indicated a bourse filing. The property in Memphis, Tennessee was considered a “non-core and underperforming” asset in AHT’s portfolio. Stapled securities in AHT ended 2 per cent or US$0.005 lower on Friday at US$0.24 before the news.

OUE Healthcare : The healthcare group on Monday said its subsidiary O2 Healthcare Group has launched the first private sleep laboratory in Singapore – O2 SleepWell Laboratory. It marks the unit’s entry into a non-binding memorandum of understanding with insurance provider HSBC Life (Singapore), to increase accessibility to medically necessary sleep medicine treatments. The counter ended Friday flat at S$0.026 before the news.

SG Local News

Iran war may hasten Reits’ waning popularity

The timing of UI Boustead Real Estate Investment Trust’s (Reit) mainboard debut couldn’t have been less fortunate.

When its units began trading on Thursday (Mar 12) afternoon, there seemed to be little doubt in the market that the US-Israeli war on Iran was going to stoke global inflation and drive interest rates higher.

DBS CEO Tan Su Shan earns $9.6 mil in FY2025; predecessor Piyush Gupta paid $4.2 mil

DBS Group Holdings CEO Tan Su Shan earned $9.6 million for the financial year ended Dec 31, 2025, after succeeding former chief Piyush Gupta on March 28, 2025.

Tan’s remuneration comprised a base salary of $975,250, a cash bonus of $3.7 million, $4.9 million in deferred awards, and $68,694 in non-cash benefits, including club, car, and driver perks. About 17% of the deferred awards will be paid in cash, with the remainder delivered in shares.