Singapore stocks has risen slightly this week with STI up 0.4% amid rising expectations of a September rate cut by the Federal Reserve.

In terms of star stocks, Thomson Medical rose 30%; Bumitama Agri rose 12%; Nio up 11%; ProNex rose 9%; Hong Leong Asia up 7%; while HMTD fell 12%; SingPost fell 7%; Shangri-La HKD down 6%; Airports of Thailand and TJ DaRen Tang down 4%.

Market News

Singapore’s Core Inflation Rate Cools to Four-Month Low

Singapore’s key inflation gauge in July cooled to the slowest pace of gains in four months.

The core inflation rate, which excludes housing and private transportation costs, stood at 0.5% in July from a year earlier, the lowest since March, according to a statement by the Department of Statistics Singapore on Monday. That’s lower than the 0.6% for both June and the median estimate in a Bloomberg News survey.

The overall inflation rate last month came in at 0.6% from a year ago, lower than the 0.8% survey median estimate. Recreation prices fell 1.2%, after a 2.6% drop in June. The food inflation rate was 1.1% in July, while healthcare costs rose 2.4%.

Official estimates project the city-state’s core inflation to average between 0.5%-1.5% this year. The Monetary Authority of Singapore kept its policy settings unchanged at its July 30 meeting.

Thomson Medical sinks into the red with S$34.7 million loss in H2

Healthcare provider Thomson Medical : A50 -3.17% has swung into the red with a net loss of S$34.7 million for its six months ended Jun 30, compared with a net profit of S$12.1 million in the previous corresponding period.

This came despite a 6.9 per cent uptick in revenue to S$195.6 million for the second half of the 2025 financial year, from S$183 million in H2 FY2024, its financial statement released on Friday (Aug 29) showed.

Analysts downgrade SingPost on lack of clarity on strategy and growth post-Australia divestment

OCBC Investment Research and Maybank Securities analysts have downgraded their calls on local postal service provider Singapore Post (SingPost) to “hold”, mainly due to a lack of recent catalysts and justification of valuation.

Jarick Seet, analyst at Maybank Securities, said in his Sunday (Aug 24) report that most of the group’s asset monetisation has already taken place, and its next big asset, Singpost Centre, may not be sold.

Shangri-La Asia H1 net profit down 38.7% at US$57.9 million amid higher revenue

Hotel group Shangri-La Asia on Thursday (Aug 28) posted a net profit of US$57.9 million for the six months ended Jun 30, 2025, down 38.7 per cent from US$94.5 million a year earlier.

This translated to a basic earnings per share (EPS) of US$0.0163 for H1 2025, against a basic EPS of US$0.02661 for H1 2024.

Singapore's Keppel Files for $53 Million Claim Against Seatrium over Brazil Corruption Case

Singapore's Keppel has initiated arbitration proceedings against local shipbuilder Seatrium for a S$68.4 million ($53.33 million) claim related to a corruption crackdown in Brazil, the companies said on Tuesday.

In 2022, Seatrium had made provisions worth S$82.4 million to pay Keppel against claims related to the crackdown, named Operation Car Wash.

Seatrium noted the obligation to pay Keppel expired in February of this year and there were no binding and legally enforceable agreements signed with the Brazilian authorities before that.

Earlier this year, Seatrium had said it will pay 728.9 million Brazilian real ($134.45 million) to the authorities in the South American country, as part of leniency agreements.