Market Snapshot

Singapore stocks opened lower on Wednesday. STI fell 0.3%; CapitaLand Investment fell 7%; Keppel and SingPost fell 1%; SIA fell 0.6%; DBS fell 0.4%.

Stocks in Focus

CapitaLand Investment (CLI): The real asset manager sank into the red with a net loss of S$142 million for its second half ended Dec 31, 2025, reversing from net profit of S$148 million in the previous corresponding period. However, its H2 operating profit rose 30 per cent to S$279 million, from S$214 million in the year-ago period, it said on Wednesday. Shares of CLI ended Tuesday 0.3 per cent or S$0.01 higher at S$3.17.

Fraser and Neave (F&N): The beverage maker’s Q1 net profit fell 8.9 per cent year on year to S$47.4 million, from S$52 million. Based on a Tuesday business update, its earnings per share declined 8.3 per cent to S$0.033 from S$0.036, as revenue fell 4.1 per cent to S$592.9 million from S$618 million. F&N shares ended Tuesday 0.7 per cent or S$0.01 higher at S$1.51, before the news.

Centurion Accommodation Real Estate Investment Trust (Reit): It received provisional permission from the Urban Redevelopment Authority to develop an additional six-storey block and to alter the existing eight-storey block in Westlite Ubi dorm, the manager said on Tuesday. The proposed works will add 540 beds to the dorm, bringing the total to 2,190 beds. The S$13.9 million land premium payable to JTC in relation to the works will be funded via committed debt facilities. Units of the Reit ended Tuesday 1.8 per cent or S$0.02 lower at S$1.12, before the news.

Wing Tai: The property and retail company’s net profit for H1 ended Dec 31 surged 300 per cent year on year to S$40.3 million from S$10.1 million. The group on Tuesday attributed the increase mainly to higher contributions from development properties in Singapore. Its earnings per share rose to S$0.0528 from S$0.0132 for H1 FY2024, as revenue jumped 140 per cent to S$270.2 million, from S$112.7 million previously. The counter ended Tuesday 1.2 per cent or S$0.02 higher at S$1.67, before the news.

NTT DC Reit: The manager on Tuesday posted US$36.3 million distributable income and US$106 million revenue for the nine months ended Dec 31. The results were higher than what was forecast at the Reit’s initial public offering, and come on the back of its listing on the Singapore Exchange mainboard in July 2025. Units of NTT DC Reit ended Tuesday 1 per cent or US$0.01 higher at US$1.01, before the news.

CDL Hospitality Trusts (CDLHT): On Tuesday, it priced S$100 million in subordinated perpetual securities at 4 per cent under its S$1.5 billion multicurrency debt issuance programme. The securities have no fixed redemption date. The initial distribution rate is 4 per cent per annum from Feb 20, 2026, up to but excluding Aug 20, 2031, when the rate resets. Stapled securities of CDLHT ended Tuesday 1.2 per cent or S$0.01 higher at S$0.865, before the announcement.

Vin’s Holdings: The automotive group on Wednesday said it expects to report a “significant improvement” in net profit for the second half of the year, compared with the year-ago period. This will mark its first financial results since it listed on the Catalist bourse in April 2025. Despite the rise in second-half net profit, the group expects a drop in full-year net profit. Shares of Vin’s Holdings closed flat at S$0.26 on Tuesday.

SG Local News

CLI Sinks into Red with S$142 Million H2 Loss on China Asset Drag; Operating Profit up 30%

Asset manager CapitaLand Investment sank into the red with a net loss of S$142 million for its second half ended Dec 31, 2025, reversing from a net profit of S$148 million for the previous corresponding period.

However, its H2 operating profit, which refers to profit from business operations excluding portfolio gains, revaluations and impairments, rose 30 per cent to S$279 million, from S$214 million in the year-ago period.

Its full-year earnings stood at S$145 million, 70 per cent down from S$479 million previously. This was mainly due to lower portfolio gains and higher revaluation losses on the group’s China portfolio, reflecting continued market softness, said the asset manager on Wednesday (Feb 11).

Circle Line Tunnel Works Nearly 50% Completed, on Track for April Finish

Tunnel strengthening works on the Circle Line (CCL) have reached the halfway mark, with the Land Transport Authority (LTA) confirming on Tuesday (Feb 10) that the project remains on schedule for completion by April.

The scheduled service disruption, which began on Jan 17 and runs until Apr 19, has seen trains operating on a single platform between Mountbatten, Dakota and Paya Lebar stations. 

LTA has completed the installation of steel plates on all 152 tunnel rings in the inbound tunnel towards HarbourFront station. However, finishing works – including welding, grouting and bolting – as well as testing procedures are still underway.