Market Snapshot

Singapore stocks opened lower on Monday. STI down 0.5%; SingPost, UOB, DBS, Yangzijiang Shipbuilding down 1%.

Stocks in Focus

YZJ Maritime: The maritime financial solution provider on Monday announced its proposed share buyback, as part of its broader capital management plans. It is seeking to purchase not more than 10 per cent of its total issued shares, at a price of not more than 5 per cent above average closing market prices. The group will announce the date of the extraordinary general meeting that will be convened to seek shareholders’ approval for the share buyback in due course. The counter ended Friday unchanged at S$0.615, before the news.

Keppel Reit: Some 923.2 million new units of Keppel Reit will commence trading on the mainboard of the Singapore Exchange on Monday at 9 am. This comes after the Reit’s preferential offering, announced on Dec 11, 2025, closed with valid acceptances for 709.4 million units out of all units on offer. The new units have an issue price of S$0.96 per unit. Units of Keppel Reit finished Friday flat at S$1.00, before the debut of new units.

Stamford Land: The company on Friday announced that its wholly owned subsidiary HSH Hotels (Australia) is facing legal action by the owners corporations of Macquarie Park Village over alleged construction defects. These claims involve alleged deficiencies in the design and construction of the project, including accursed defects relating to concrete works, the facade, drainage, tiling and fire utilities, according to a bourse filing. The owners corporations have not quantified the damages sought yet, since the proceedings are in the early stages. Shares of Stamford Land ended Friday flat at S$0.50.

Stamford Tyres: The automotive accessory and tyre group opened its first retail location in Johor Bahru on Saturday. The Plentong Johor Flagship Outlet is located at 2 Jalan Mutiara 1 in Plentong Industrial Park. It has two floors with a combined total area of around 7,500 square feet and 11 workshop bays. The company declined to comment on the cost of its development, due to commercial and competitive sensitivities. The counter ended 1 per cent or S$0.002 at S$0.194 before the news.

Trading halt: Jewellery retailer Aspial Corp prior to market open, requested a trading halt on Monday. The counter closed flat at S$0.114 on Friday.

SG Local News

Air India, Singapore Airlines Agree 'Cooperation Framework' to Deepen Ties

Air India and Singapore Airlines have agreed a cooperation framework that could allow the two flag carriers to increase routes, reduce overlap and more broadly enhance collaboration, they said on Friday.

Described by the two airlines as a "commercial cooperation framework agreement", it follows an airspace ban by Pakistan announced last April that forced Air India to discontinue some routes to the U.S. from India.

GIC to Invest $1.9 Billion in AI Start-up Anthropic, FT Reports

Singapore sovereign fund GIC is joining venture capital firm Sequoia and US investor Coatue in a funding round for artificial intelligence start-up Anthropic, the Financial Times reported on Jan 18.

GIC and Coatue will contribute US$1.5 billion (S$1.9 billion) each for the Claude chatbot-maker, the newspaper said.

Anthropic aims to raise US$25 billion at a US$350 billion valuation, the FT said, citing sources familiar with the matter.

Major Power Rivalry Cited as Biggest Risk to Global Stability in 2026: WEF

Geoeconomic confrontation has eclipsed all other threats to become the world’s top risk in the near term, according to a survey by the World Economic Forum (WEF).

The warning comes as global leaders and experts polled brace themselves for a decade that they expect will be defined by turbulence, conflict and deepening division.

About 50 per cent of the 1,300 global leaders and experts WEF surveyed on global risk perception anticipate a turbulent or stormy world over the next two years, an increase from 36 per cent in 2025.