Market Snapshot
Singapore stocks opened higher on Friday. STI up 0.2%; Singtel and Genting Sing up 1%; Wilmar and SIA down 1%.
Stocks in Focus
SIA Engineering Company (SIAEC) : The aircraft maintenance, repair and overhaul provider on Thursday reported a net profit of S$41.9 million for the third quarter, up 9.7 per cent from the year-ago period. Revenue was up 8.7 per cent at S$353.1 million and earnings per share increased to S$0.0374. Shares of SIAEC rose 2.6 per cent to close S$0.09 higher at S$3.57 before the announcement.
Sri Trang Gloves : The mainboard-listed glove maker on Thursday posted a net loss of 503.8 million baht (S$20.5 million) for the fourth quarter ended Dec 31, 2025. Sales revenue fell 22.2 per cent year on year to 5.2 billion baht. The decline was primarily driven by lower sales volume following production suspension during a flooding incident in the Hat Yai area in late 2025, said the company. Shares of Sri Trang Gloves rose 4.6 per cent to close S$0.015 higher at S$0.34 before the results were announced.
United Hampshire US Reit : The real estate investment trust’s manager on Friday said its distribution per unit for the second half-year ended Dec 31, 2025, rose to US$0.023, up 12.1 per cent from US$0.0205 over the same period a year earlier. Revenue was down 0.3 per cent at US$36.2 million, from US$36.4 million in the year-ago period, on the absence of contributions from divested properties. Units of United Hampshire US Reit ended at US$0.555, up US$0.005 or 0.9 per cent on Thursday.
Market News
Employment's share of household income hits 10-year low
Employment income remained the largest source of household market income in 2025, accounting for 79.6% of average monthly household market income per household member, down from 85.1% in 2015 and 81.1% in 2024, according to the Department of Statistics Singapore.
In absolute terms, average monthly employment income per household member rose to $4,439 in 2025, compared with $4,233 in 2024 and $3,277 in 2015, based on the same dataset.
UOBKH forecasts STI 5,400 as $3b 'reboot' hits market
Singapore’s 2026 Budget is expected to benefit the country’s financial sector and support enterprise competitiveness, analysts said.
The government will inject $1.5 b into the Financial Sector Development Fund and launch a second b$1.5 b tranche of the Anchor Fund to support fund-raising by high-growth enterprises and attract quality public listings, according to UOB Global Economics and Markets Research’s latest analysis.
“In our view, these initiatives bode well for the Singapore financial sector activities which are expected to benefit SGX,” it said.