Market Snapshot

Singapore stocks opened higher on Tuesday. STI up 0.1%; YZJ Fin Hldg fell 1%.

Stocks in Focus

YZJ Fin Hldg: The investment holding company said on Monday that it will be the anchor investor in a S$100 million fund by ICH Asset Management, led by Vincent Toe, the Singapore-listed company’s former chief executive. The fund will focus exclusively on Singapore’s small and medium-sized enterprises and is expected to start investing from September this year. The group did not specify the exact sum it would invest in the fund, though it did state the initial pipeline of opportunities include companies from the sectors of healthcare, technology, sustainability, and consumer-services. Shares of Yangzijiang Financial ended Monday flat at S$1.06 before the news.

MarcoPolo Marine: The integrated marine logistics group on Monday posted a 4 per cent decline in gross profit to S$14 million for its third quarter ended Jun 30, 2025, from S$14.6 million in the year-ago period. Its revenue fell 9 per cent on the year to S$31.7 million, from S$34.9 million previously. Shares of Marco Polo Marine ended Monday unchanged at S$0.065, before the announcement.

CMS: The pharmaceutical company posted a rise in first half profit and declared an interim dividend on Monday, its first set of results after its secondary listing on the Singapore Exchange. Net profit rose 3.4 per cent to 941.2 million yuan (S$168.3 million) compared to the year ago period, as the negative impact of China’s national volume-based procurement policy declined and sales of the group’s products grew. Shares of CMS closed Monday 0.905 per cent or S$0.02 up at S$2.23.

Clearbridge: The healthcare company said on Monday that it has raised S$1.98 million in a fully-subscribed placement of 990 million shares, at S$0.002 each. This has been backed by Singapore fund manager Azure Capital, family office Asdew Acquisitions and veteran investor Ramesh Chandiramani, on plans to enter a new business through the acquisition of biopharma company Elpis Biopharmaceuticals for US$330 million. The placement has allowed Clearbridge to become debt-free, and the proceeds will be used to fund the planned acquisition and for general working capital. The counter ended Monday flat at S$0.004 before the news.

SG Local News

Partners, Hillhouse Platform Buys $238 Million Singapore Assets

Swiss alternatives manager Partners Group and Hillhouse Investment-backed platform EZA Hill Property Management Pte are part of a group buying four industrial and logistics properties in Singapore for S$306 million ($238 million), according to people familiar with the matter.

The properties are being sold by CapitaLand Ascendas REIT, a Singapore-based real estate investment trust that announced Monday it will sell the assets, without disclosing the buyers. Partners will take a majority stake in the operations, according to the people, who asked not to be identified because the information is private.

Yangzijiang Financial to Anchor $100 Million Fund of Firm Led by Ex-CEO Vincent Toe

Yangzijiang Financial will be the anchor investor in a $100 million fund by ICH Asset Management (ICHAM), which is led by the Singapore-listed company’s former chief executive, Vincent Toe.

The fund will invest exclusively in Singapore’s small and medium-sized enterprises (SMEs), and is expecting to start doing so in September, Yangzijiang Financial announced in an Aug 18 filing with the Singapore Exchange.

It did not specify the exact sum it would invest in the fund.

CapitaLand Ascendas Reit Plans $329 Million Divestment of Five Singapore Properties

The manager of CapitaLand Ascendas Reit (Clar) announced on Aug 18 the proposed divestments of five Singapore properties.

These divestments are being proposed at “healthy premiums” of about 6 per cent over the properties’ total market valuation and 20 per cent over the original purchase price, for a total sale consideration of $329 million, said the manager in a bourse filing.

Three of the properties are logistics properties, while the remaining two are industrial properties.