Market Snapshot

Singapore stocks opened lower on Friday. STI down 0.4%; DBS up 2%; Sembcorp down 14%; SIA down 4%; Genting Sing down 3%; OCBC and SingaporeLand down 2%.

Stocks in Focus

UOB : Trade loans are expected to contribute more visibly to the bank’s balance sheet over time although they take up a relatively small portion of its total portfolio, said UOB top executives at its Q2 earnings call on Thursday. This comes as UOB’s trade loan portfolio rose 12 per cent year on year in the first half of FY2025. UOB executives also said that the bank will remain looking out for mergers and acquisitions opportunities. Shares of the bank finished on Thursday 1.8 per cent or S$0.64 lower at S$35.81.

Singapore Exchange (SGX) : The Singapore bourse announced on Friday that its net profit for the second half ended June 2025 declined 2.6 per cent to S$308 million, from S$316.3 million a year prior. Earnings per share for the half-year period stood at S$0.288, up from S$0.296 for H2 FY2024. The board proposed a final quarterly dividend of S$0.105 per share, up from S$0.09 per share in the same quarter a year ago. If approved, total dividends for FY2025 will stand at S$0.375, representing an annualised increase of 8.7 per cent. Operating revenue for H2 also rose 4.4 per cent to S$688.4 million from S$639.4 million in the corresponding period a year before. Its shares ended Thursday 0.4 per cent or S$0.06 up at S$16.34 before the release of its results.

Genting Singapore : The resort and casino operator Genting Singapore on Thursday reported a 34 per cent drop in profit for the first half of the year to S$234.7 million. Revenue declined 10 per cent to S$1.2 billion, from S$1.4 billion previously, partly driven by a 12.3 per cent drop in gaming revenue to S$839.4 million and a 19 per cent fall in room revenue to S$98.4 million. Shares of Genting Singapore closed on Thursday at S$0.755, up 0.7 per cent or S$0.005, before the results were released. 

Sembcorp Industries : The group on Friday posted a 1 per cent decline in earnings, which fell to S$536 million for the first half ended June 30, on the back of lower turnover from its gas business. Revenue for the half-year was down 8 per cent to S$2.9 billion, on the back of lower generation spreads in Singapore, as well as the absence of contributions from Phu My 3 power plant in Vietnam. Shares of Sembcorp finished on Thursday 1.3 per cent or S$0.10 higher at S$7.80.

Singapore Land Group : The property developer posted a 7 per cent year on year rise in its net profit for the half year of FY2025 ended June, to S$111.4 million from S$103.7 million. On Thursday, the UOL Group subsidiary reported revenue of S$368.3 million, up 8 per cent. Singapore Land Group shares ended 3.9 per cent or S$0.11 up at S$2.91 at the close of trading on Thursday, before its financial results were published.

SG Local News

Singapore flight bookings up 17% for SG60 National Day break

Singaporeans are heading abroad in greater numbers over the upcoming SG60 National Day long weekend, with overseas flight bookings rising by 17% YoY, according to travel platform Trip.com.

The data, which covers the period from 7 to 11 August 2025, shows outbound travel demand from Singapore outpacing that of neighboring countries Malaysia and Thailand.

Air India to take aircraft maintenance in-house with help from Singapore Airlines

Air India plans to shift key aircraft maintenance work in-house, ending reliance on state-owned AI Engineering Services Ltd. (AIESL), Bloomberg reported.

The airline will begin taking over pre-flight inspections, minor repairs, and routine troubleshooting from AIESL. The move, backed by shareholder Singapore Airlines (SIA), is part of a broader restructuring strategy and comes after a fatal crash in June and increased scrutiny from regulators.