Market Snapshot

Singapore stocks opened higher on Wednesday. STI rose 0.2%; Nio down 2%; Golden Agri-Res, CityDev up 2%; SGX up 1%.

Stocks in Focus

Wee Hur: The property group, on Tuesday, broke ground for the construction of Wycombe Abbey School (Singapore). The international school, in Hougang, is a joint venture with Wycombe Abbey and BE Education. The group’s chief investment officer Goh Wee Ping said that while the group aims to pursue projects opportunistically, there are limits on what it will not pursue, such as data centre projects. The counter ended Tuesday flat at S$0.76, before the news.

Stoneweg EUTrust SGD: The manager announced on Wednesday that the stapled group’s portfolio valuation stood at 2.2 billion euros (S$3.3 billion) as at Dec 31, 2025, following independent valuations of its portfolio. This is 1 per cent higher than its portfolio value in June 2025, based on a like-for-like comparison and excluding capital expenditure. Simon Garing, chief executive officer of the manager, said that the strategic shift towards majority exposure to Western European logistics and light industrial assets continues to benefit Sert. Units of Sert ended 0.05 euro or 3.1 per cent higher at 1.65 euros on Tuesday.

KepPacOakReitUSD: The manager said on Tuesday that it had obtained a loan facility for a principal amount of US$37.5 million. Following the execution of the loan facility, the real estate investment trust (Reit) will have “substantially addressed” its financing requirements for 2026, subject to material adverse developments, it added. Units of the Reit ended U$0.005 or 2.1 per cent higher at U$0.24, before the announcement.

SG Local News

Grab Acquires AI Robotics Firm Infermove to Boost Delivery Capabilities

Singapore's Grab Holdings said it has acquired China-based Infermove, a developer of AI-enabled robotics solutions, to strengthen its first- and last-mile delivery capabilities.

"As we are constantly looking for new ways to bridge online and offline in better and smarter ways, we see the opportunity to further develop Infermove’s solutions out of Singapore, to complement Grab’s first- and last-mile delivery capabilities," Grab said in a statement to Reuters on Tuesday.

Singdollar Could Continue to Strengthen Against Regional Currencies in 2026: OCBC Chief Economist

The Singapore dollar could continue to appreciate modestly against regional currencies in 2026, which is a good sign for Singaporeans looking to travel overseas.

Speaking at an investment seminar for OCBC’s private clients on Jan 6, the bank’s chief economist Selena Ling said the low inflation seen in 2025 may creep up slightly in 2026, but there is no urgency for the Monetary Authority of Singapore to change its policy stance of allowing the Singdollar to gently appreciate.

“It’s very likely they will keep it unchanged. That means that the slope of the S$NEER is going to be slightly positive,” she said, referring to the Singapore dollar nominal effective exchange rate.