Market Snapshot

Singapore stocks opened higher on Tuesday. STI rose 0.2%; SATS up 2%; NIO, Olam up 1%.

Stocks in Focus

Singtel: Its wholly owned subsidiary Singtel Optus on Monday priced S$160 million in fixed-rate notes due Jul 25, 2035, at 2.726 per cent. The notes, guaranteed by Optus and certain subsidiaries, will be issued on Jul 25 under Optus Finance’s three billion euro (S$4.5 billion) medium-term note programme. Singtel shares closed 0.5 per cent or S$0.02 lower at S$4.15, before the announcement.

CapitaLandInvest: Its subsidiary, Bursa Malaysia-listed CapitaLand Malaysia Trust, posted a distribution per unit of 1.18 sen for the second quarter ended Jun 30, 2025, up 0.9 per cent from the year-ago period. This came as it saw positive rental reversions and income contribution from a logistics property, its manager said in a Monday evening bourse filing. CLI shares ended Monday 0.7 per cent or S$0.02 higher at S$2.77.

GHY Culture: The company on Monday announced its tie-up with leading Chinese online entertainment service provider iQiyi to produce two short-form dramas. The collaboration aligns with GHY’s business strategies and growth plans to create more monetisation opportunities, said the company, adding that it will further diversify its portfolio of entertainment products and distribution channels. The counter closed flat at S$0.161, before the announcement.

Dasin Retail Tr: Trading in its units has been suspended on the Singapore Exchange as the business trust is unable to comply with listing rules requiring the timely release of its financial results and the holding of annual general meetings, said the trustee-manager on Monday. This comes as the management team of Dasin Retail Trust’s China units has stopped providing key financial documents required for the preparation of the group’s annual financial statements since the third quarter of 2023. Units of Dasin Retail Trust closed flat at S$0.02, after the announcement.

Trading halt: Aoxin Q & M called for a trading halt on Tuesday morning pending the release of an announcement. The counter closed on Monday 8 per cent or S$0.004 lower at S$0.046.

SG Local News

Singapore Taps JPMorgan, Others in Plan to Lift Stock Market

Singapore plans to allocate S$1.1 billion ($856 million) to three asset managers, including JPMorgan Asset Management, as part of a broader effort to enhance liquidity and expand investor participation in the local stock market.

The other firms named for the initial phase of Singapore’s S$5 billion Equity Market Development Program are two state-backed asset managers, Avanda Investment Management and Fullerton Fund Management, according to a statement issued Monday by the Monetary Authority of Singapore.

The MAS, which received more than 100 indications of interest from firms for the program, will appoint additional asset managers by the fourth quarter to manage remaining funds. The central bank will also set aside S$50 million to strengthen local equity research and grow “a more vibrant listed product ecosystem,” it said.

Dasin Retail Trust Suspends Trading on Financial Reporting Challenges

Trading in the units of Dasin Retail Trust has been suspended on the Singapore Exchange.

This comes as the business trust is unable to comply with listing rules that require the timely release of financial results and the holding of annual general meetings, said the trustee-manager in a bourse filing on July 21.

Under the rules, an issuer is required to announce its full-year and quarterly financial results as soon as the data is ready, and to hold its annual general meetings within four months after the end of its financial year.