Market Snapshot
Singapore stocks opened higher on Monday. STI rose 0.2%; Yangzijiang Shipbuilding fell 1%; ST Engineering rose 1%.
Stocks in Focus
Singtel: Optus suffered another outage that disrupted emergency calls, Bloomberg reported on Monday. The Singtel subsidiary is investigating the cause of a now-restored issue involving a mobile phone tower site in the Dapto area of New South Wales on Saturday, a spokesperson said. This comes as a delegation from its parent Singtel visits Australia this week to meet Communications Minister Anika Wells over fallout from earlier disruptions. Singtel shares finished on Friday 0.2 per cent or S$0.01 lower at S$4.26.
Wilmar Intl: The Agribusiness maintained its expectations for a profit for the full-year ending Dec 31, 2025, despite a verdict from the Indonesian Supreme Court requiring it to pay trillions collectively, in fines and a compensation, which analysts expect to dent the company’s earnings. On Friday, Wilmar’s chairman and chief executive officer Kuok Khoon Hong also scooped up S$2.7 million worth of shares through entities linked to him. Shares of Wilmar fell 1.4 per cent or S$0.04 on Friday to S$2.85, before the announcement.
YZJ Shipbldg SGD: The shipbuilder on Saturday announced that three of its subsidiaries have cancelled contracts valued at US$180 million with an unknown party. The three subsidiaries are Jiangsu Yangzijiang Shipbuilding Group, Jiangsu New Yangzi Shipbuilding, and Jiangsu Yangzi Xinfu Shipbuilding. The deal concerned four 50,000 deadweight tonnage medium-range oil tankers scheduled for delivery from 2026 to 2027. The group, at the same time, secured additional shipbuilding contracts for eight vessels with an aggregate contract value of US$440 million, according to the company’s Aug 29 update. The counter on Friday closed 1.2 per cent or S$0.04 down before the news.
CapLand China T: The manager of CLCT has appointe Yan Lintong as chief financial officer (CFO)-designate with effect from Oct 1. The 42-year-old will succeed current CFO Tan Siew Bee and will work closely with him in the next few months for a smooth transition, CLCT’s manager said on Friday. Yan previously held several roles within the CapitaLand portfolio, including as assistant vice-president for finance at the manager of CapitaLand Ascendas Reit. Units of CLCT closed at S$0.785 on Friday, up 1.3 per cent or S$0.01, before the announcement.
Sasseur Reit: The manager on Friday said that its CFO Xie Jianfeng has resigned. The 46-year-old stepped down with effect from Friday to pursue “other business opportunities in China”. Financial controller Jia Yali will oversee the finance function of Sasseur Reit’s manager in the interim while it seeks a replacement. Units of Sasseur Reit closed flat at S$0.685 on Friday, before the announcement.
Metro: The department store retailer on Friday launched its partnership with South Korea’s Shinsegae International. This comes as the group previously spoke of leveraging global tie-ups and immersive concept stores to draw shoppers amid a challenging retail landscape. Under the tie-up, a pop-up showcasing Shinsegae’s in-house brands and exclusive products will be held at Paragon Shopping Centre until Oct 5. Metro shares fell 2.8 per cent or S$0.015 to S$0.515 on Friday, after the news.
Trading halt: Cordlife called for a trading halt on Monday, pending the release of an announcement. Its counter ended Friday flat at S$0.215.
SG Local News
New Optus Outage Disrupts Emergency Calls Ahead of SingTel Visit
Optus continues to investigate the cause of a now-restored issue involving a mobile phone tower site in the Dapto area of New South Wales on Saturday, a spokesperson said. Singapore Telecommunications Ltd. visits Australia this week to meet Communications Minister Anika Wells over fallout from earlier disruptions.
Optus continues to investigate the cause of a now-restored issue involving a mobile phone tower site in the Dapto area of New South Wales on Saturday, a spokesperson said.
The issue affected around 4,500 customers and calls made between 3 a.m. and 12:20 p.m., including some emergency calls. Dapto is about 60 miles south of Sydney.
Singapore May be Shielded from US Pharma Tariffs, Gan Says
New US levies on pharmaceuticals may not have an “immediate impact” on Singapore’s drugmakers, Deputy Prime Minister Gan Kim Yong said, adding the island may pursue a ceiling on tariff rates similar to deals that Washington has with other countries.
Gan, who is also minister for trade and industry, told reporters on Saturday that most pharmaceutical companies in Singapore have built capacity in the US or have plans to do so. That could allow them to be exempted from the upcoming US pharma tariffs, and the companies are also seeking clarity if they would qualify for an exclusion, he said.
Singapore is in discussions with the US administration over semiconductors as well, Gan said, while declining to elaborate on the talks because they are confidential.