Market Snapshot
Singapore stocks opened lower on Friday. STI fell 0.13%; Top Glove up over 2%; ThaiBev up over 1%; SATS, SIA up slightly; OUEREIT down over 1%.
Stocks in Focus
Sembcorp Industries: Sembcorp Green Infra, an Indian unit of Sembcorp Industries, on Friday completed the acquisition of a 100 per cent stake in solar power company ReNew Sun Bright for about S$246 million. ReNew owns and operates a 300 megawatt solar power project in Rajasthan, India. Shares of Sembcorp Industries rose 0.2 per cent or S$0.01 to close at S$6 on Wednesday.
Keppel Reit: The manager of the real estate investment trust (Reit) on Wednesday said a wholly owned Keppel Reit financial unit has obtained three bridge loan facilities. The loan facilities total about S$892 million and are each guaranteed by HSBC Institutional Trust Services (Singapore). Units of the Reit rose 0.5 per cent or S$0.005 to close at S$0.975 on Wednesday.
SG Local News
Grab, ComfortDelGro Taxi to raise platform fees from Jan 1
Taxi operator ComfortDelGro and ride-hailing firm Grab will be increasing their platform fees from Jan 1, 2026.
ComfortDelGro will increase the range of its platform fees from S$1 to S$1.20, to S$1 to S$1.30, it said on its website. This will apply to ride bookings made through app-based platforms, such as its CDG Zig app and Kris+.
Grab passengers will pay S$1.20, up from the current 90 cents, the firm said in an e-mail announcement on Wednesday (Dec 24).
COE Supply Expected to Rise 20% in 2026, but Premiums May Not Fall in Proportion
The supply of passenger car Certificates of Entitlement (COEs) may grow some 20 per cent next year, but premiums may not fall significantly, say industry observers.
This is because demand will remain strong, supported by electric vehicle (EV) buyers and private-hire car (PHC) fleets.
“Weighing the major factors’ probabilities, I think COEs will not trend downwards significantly in 2026,” said automotive consultant Say Kwee Neng.