Singapore shares rose 0.81% this week, as investors reacted positively to news of the US striking a trade deal with the UK – the first after President Donald Trump announced sweeping tariffs worldwide.

In terms of star stocks, Seatrium Ltd, SingPost, and DFIRG USD rose 5%. Riverstone fell 13%, Xiaomi HK SDR 2to1 fell 4.5%.

Market News

Riverstone Q1 Profit Slides 21.8% to RM56.4 Million Despite Higher Revenue

Riverstone on Wednesday (May 7) posted a profit of RM56.4 million (S$17.2 million) for the quarter ended Mar 31, 2025, sliding 21.8 per cent from RM72.2 million in the corresponding year-ago period.

This resulted in an earnings per share of RM0.0381, compared with RM0.0487 a year ago.

The lower profit is despite revenue rising 1.1 per cent to RM252.3 million, from RM249.5 million, said the company in a bourse filing.

ABS Approves New Floating Offshore Wind Turbine Design from Seatrium

ABS awarded approval in principle to Seatrium Ltd Marine & Deepwater Technology for its new design of a floating wind semi-submersible (FWSS) floating column foundation for 15MW wind turbines.

Seatrium highlights that the design is optimized for efficient fabrication and cost-effectiveness while being capable of handling the harshest environments. The new design concept features pontoons on three sides and a center column that supports the turbine. ABS completed design reviews based on class and statutory requirements.

Maybank Expects SingPost to Pay Special Dividends of at Least 10 Cents Per Share

With the sale of its former Australia unit completed, SingPost is likely to declare a special dividend of at least ten cents per share when it reports its FY2025 earnings on May 15, says Jarick Seet of Maybank Securities.

Excluding the one-off gains from divestments, SingPost is likely to report "weak" FY2025 ended March 31 numbers, no thanks to higher costs incurred running the domestic postal network even as demand drops, as well as a challenging international business.

"However, we believe the focus should be on asset monetisation and dividends rather than earnings," says Seet, who has kept his "buy" call and 77 cents price target.

DFI and Dingdong Partner on Cross-Border Retail Initiative

Asian retailer DFIRG USD has entered a strategic partnership with Dingdong, a fresh food e-commerce platform, to enhance their supply chains and retail networks.

The goal is to create a digitalised cross-border supply chain system.

The partners will offer a variety of high-quality products at competitive prices to Hong Kong consumers through DFI’s Wellcome supermarkets, with an anticipated sales target of HK$100m ($12m) in the year following the launch.

Frasers Logistics & Commercial Trust Posts 13.8% Lower H1 DPU of S$0.03 Amid Challenges in Commercial Portfolio

Frasers L&C Tr on Wednesday (May 7) posted a 13.8 per cent fall in distribution per unit (DPU) to S$0.03 for its first half ended March 31, from S$0.0348 in the corresponding period in the previous year. 

This decline reflects transitional challenges in the commercial portfolio and foreign exchange volatility in a higher interest-rate environment, according to the manager of the real estate investment trust (Reit).

The distribution will be paid out on Jun 18, and represents an annualised distribution yield of 6.5 per cent, based on the annualised DPU and market closing price of S$0.92 as at Mar 28 (the last trading day of that month).