Market Snapshot
Singapore's STI opened slightly lower on Tuesday.
AEM SGD surged more than 6%, UMS gained 1.8%, and DBS rose 0.2%. On the downside, JMH USD fell 0.9%, while Singtel, OCBC Bank, and UOL posted modest declines.
Stocks in Focus
The following companies saw new developments that may affect trading of their securities on Tuesday (Sep 22):
Mapletree Logistics Trust (MLT) : Its manager on Monday said Mapletree Northwest Logistics Park (Phase 1 and 2) in Shanghai, China, will be sold for 323 million yuan (US$48.2 million), to an unrelated third party. The property has a combined gross floor area of about 37,558 square metres. MLT’s manager said its sale price is in line with its valuation price of 323 million yuan as at Mar 31. The proposed divestment is expected to be completed by Q3 FY2027/2028. Units of MLT ended flat on Monday at S$1.10, before the news.
Seatrium : The offshore and marine company on Tuesday said its new share buyback programme will be worth S$200 million – double the size of its previous one. Funded by existing cash resources, the new programme will be subject to shareholder approval at each annual general meeting. It will allow Seatrium to repurchase up to a maximum of 2 per cent of its total issued shares. Seatrium shares fell 3.3 per cent or S$0.07 to close at S$2.05 on Monday.
Keppel DC Reit : The manager of the real estate investment trust (Reit) on Monday said it secured a S$220 million green revolving credit facility and a 36 billion yen (US$229 million) term loan facility. The Reit’s aggregate level of utilised and unutilised facilities thus stands at about S$3.5 billion. Units of Keppel DC Reit fell 0.9 per cent or S$0.02 to close at S$2.13 on Monday, before the news.
Food Empire : The Singapore-headquartered food producer, which has operated in Russia for more than 30 years and has manufactured locally there since 2006, said its Russian operations are continuing normally and are unaffected. This comes after Russian authorities have taken action against companies representing countries that have purportedly backed Ukraine, it said in response to a Singapore Exchange query. Shares of Food Empire fell 10 per cent or S$0.21 to close at S$1.89 on Monday, before the news.
SG Local News
URA to review guidelines on floor space to give developers more design flexibility: Chee Hong Tat
The government is reviewing guidelines on building floor space to give developers greater flexibility in building design, a move which could improve development potential and project viability.
The review of guidelines on gross floor area (GFA), announced by Minister for National Development Chee Hong Tat on Monday (Sep 21), will also look at encouraging building features that support heat resilience and thermal comfort.
A higher volume of allowable GFA, or greater flexibility in the mix of use of GFA, can significantly improve development potential and the economics of a project. Recent discussions have also floated the award of extra GFA to encourage the renewal of conservation properties.
Not just a warehouse: Industrial players pump hundreds of millions into high-spec automated logistics assets
Logistics sector players, from asset owners to operators, are increasingly packing industrial facilities with smart specifications to keep pace with demand for warehouses that do more than just store goods.
The Singapore projects announced in 2026 point to more than S$500 million invested in three major high-spec, highly automated logistics developments.
CapitaLand and Taiwanese partner Ally Logistic Property (ALP) break ground in September on their S$260 million Omega 1 Singapore project. Shipping giant Maersk opened a S$200 million fully automated warehouse facility called World Gateway II, and chemical logistics player Katoen Natie is pumping S$60 million into a new warehouse with an automated storage system on Jurong Island.