Market Snapshot

Singapore stocks opened flat on Thursday. STI was unchanged; DFIRG and Singaporeland up 2%; Tuan Sing up 1%; Nio down 4%; Wilmar and SingPost down 1%.

Stocks in Focus

Cordlife : The cord-blood bank is facing claims of at least S$5.45 million in damages from clients who stored 109 cord-blood units with the company. The board warned that an order to pay the claims would hurt the group’s financials for the year ending Dec 31. Shares of Cordlife ended S$0.003 or 2 per cent lower at S$0.146 on Wednesday, after the announcement.

DFI Retail Group : The supermarket and retail store operator unveiled a three-year strategic road map targeting double-digit profit growth and a higher dividend payout, as it moves to leverage its scale and digital capabilities. The counter closed US$0.17 or 4.9 per cent higher at US$3.67 on Wednesday, before the announcement.

Singapore Land Group : (SingLand): Marina Residential Development, an indirect subsidiary of SingLand, has entered into four sale-and-purchase agreements to buy a 3,992 square metre plot in the Marina Square complex for an aggregate consideration of S$99.1 million. Shares of SingLand closed at S$3.11, S$0.02 or 0.6 per cent higher on Wednesday, before the announcement.

Tuan Sing : The company announced on Wednesday that it is set to proceed with the redevelopment of its flagship property at 121 to 131 Collins Street in Melbourne, Australia, which houses the 550-room Grand Hyatt hotel, following the grant of a planning permit from the city council. Shares of the real estate investment group closed at S$0.32, down S$0.005 or 1.5 per cent, before the announcement.

Vibrant Group : The company announced that it has completed the sale of its leasehold property at 47 Changi South Avenue 2 for a consideration of S$15 million. Its approved JTC lease term has stood at 30+30 years from Nov 16, 1996, according to a previous bourse filing on Dec 30, 2024. Shares of Vibrant Group closed flat at S$0.158 on Wednesday, prior to the news.

SG Local News

Singapore’s SGX mulls bid for Cboe Australia, AFR reports

Singapore’s stock exchange is considering buying Cboe Global Markets’ Australian unit, the Australian Financial Review (AFR) reported.

Singapore Exchange held preliminary talks with Cboe and its advisers about a potential offer for the Australian unit, the AFR said, citing sources with knowledge of the plan.

A representative for Cboe Australia declined to comment, while SGX did not respond to a request for comment outside of regular business hours.

DBS forecasts GDP growth of 1.8% as Singapore shows measured resilience

DBS forecasts Singapore’s GDP to grow about 1.8% in 2026, close to potential, supported by the country’s position as a trusted financial and business hub, continued digitalisation, and a strong domestic construction pipeline.

DBS expects growth to show “measured resilience” as the economy navigates what it calls the “two Ts” — tariffs and the tech cycle.