Market Snapshot

Singapore stocks opened higher on Monday. STI rose 0.4%; Marco Polo Marine, LHN, YZJ Fin, SIA Engineering and UOB up 1%.

Stocks in Focus

Centurion : The company has expanded its Australian footprint into Perth, acquiring a 25 per cent equity interest in a 472-bed purpose-built student accommodation development for A$6 million (S$5.1 million), it announced on Monday. Centurion shares closed S$0.01 or 0.73 per cent lower at S$1.36 on Friday.

Manulife US Real Estate Investment Trust (Reit) : The Reit posted an announcement on Monday seeking unitholder approval for an expansion of its investment mandate beyond the United States office sector, into industrial, living sector, and retail assets across the US and Canada. Shares of Manulife US Reit closed flat at US$0.076 on Friday.

Seatrium : The offshore, marine and energy specialist announced on Saturday that it was starting its own arbitration proceedings against a Maersk Offshore Wind affiliate for the termination of a US$475 million contract that was inked in 2022. Seatrium shares closed at S$2.15 on Friday, up 0.5 per cent or S$0.01, before the news.

Wilmar International : A subsidiary of Wilmar International lodged an appeal in a Chinese court on Friday, after it was found guilty of contract fraud and ordered to bear losses amounting to 1.88 billion yuan (S$345.6 million). Shares of Wilmar closed at S$3.24, S$0.02 or 0.62 per cent higher on Friday.

LHN : On Friday, the property player posted a net profit of S$5.9 million for the half-year ended Sep 30, 2025, down 82.7 per cent from S$34.3 million in the year-ago period, on the back of fair value losses on its investment properties. Shares of LHN closed at S$0.67, up 0.75 per cent or S$0.005, before the release.

Marco Polo Marine : The marine logistics company on Saturday posted a nearly four times rise (348 per cent) in net profit to S$47.9 million for its second half ended Sep 30, 2025, from S$10.7 million in the previous corresponding period. This was due to a combination of stronger underlying performance and several extraordinary gains. Shares of Marco Polo Marine closed at S$0.117 on Friday, S$0.002 or 1.7 per cent lower.

SG Local News

Singapore tops global container port ranking as infrastructure leads

Singapore has been named the top container port in the world, taking the number-one position in the Leading Container Ports of the World ranking by DNV and Menon Economics.

The country also led all five pillars of the index: enablers, connectivity and customer value, productivity, sustainability, and overall impact.

DBS, OCBC, UOB among those owed S$304 million by Autobahn, Shariot group; white knight in talks

A group of companies that include Autobahn Rent A Car and car-sharing service Shariot have filed an application for a High Court moratorium that could prohibit winding-up resolutions, among other things, for a period of six months as they seek a scheme of arrangement.

Since news of the group’s financial trouble first surfaced on Tuesday (Nov 25), the total number of companies involved has increased to 18 from nine, and total debts across the group are around S$304.2 million, up from an earlier reported figure of about S$180 million.