Singapore shares jumped this week, with the STI rising 1.9%.
In terms of individual stocks, Comba rose 22%; CMS, CityDev, JMH USD rose 11%; NIO Inc. USD OV fell 12%; YZJ Maritime fell 8%.
Market News
Comba Telecom Issues New Shares on Director Option Exercise
The latest announcement is out from Comba Telecom Systems Holdings.
Comba Telecom Systems Holdings slightly increased its issued share capital on 8 January 2026 through the exercise of share options granted under its 2013 share option scheme to a director, resulting in the issue of 100,000 new ordinary shares at HK$2.03 each. The move marginally raised the company’s total issued share count to 3,133,665,722 shares, representing about a 0.00319% increase, and reflects ongoing use of equity-based incentives for management without any change in treasury share holdings.
Phillip Securities Upgrades City Developments to Buy from Accumulate; Price Target is SG$9.62
City Developments has an average rating of overweight and mean price target of SG$8.28, according to analysts polled by FactSet.
Nio Firefly Reaches 40,000-Unit Delivery Milestone
Firefly, the premium compact car brand of Nio Inc, has reached its 40,000th vehicle delivery, about nine months after its sole model was launched.
Firefly announced this milestone on Weibo today without providing further details.
This indicates Firefly has delivered 586 units this month, considering cumulative deliveries stood at 39,414 units as of the end of December.
Alibaba Brings Visual AI Into Food Fight with China’s Meituan
Alibaba Group Holding Ltd. is launching a service to help restaurants use AI to showcase interiors, part of a broader effort to compete with Meituan in the Chinese food and dining sector.
Amap, Alibaba’s maps and local services unit, will soon allow restaurants to render 3D-images by just uploading videos or photos, according to people familiar with the matter. The idea is to lower marketing and promotional costs for merchants. Alibaba plans to offer the technology — based on its visual Wan model — to select businesses for free for a period of time, the people said, asking to remain anonymous discussing a non-public matter.