Stocks to Watch on Tuesday | Lianhe Zaobao

With only three days left until 2026, Wall Street traders are reducing their bets on tech giants, leading to a decline in tech stocks and dragging down U.S. stocks for the second consecutive day overnight. The S&P 500 index fell 0.35% on Monday (December 29), closing at 6905.74 points; the Dow Jones Industrial Average dropped 0.51%, closing at 48461.93 points; the Nasdaq index decreased by 0.5%, closing at 23474.35 points. The FTSE Straits Times Index fell 0.05% or 2.51 points on Monday, closing at 4633.64 points. As people's attention turns to the upcoming new year, there is a general optimistic consensus in the market that the U.S. stock market will rise for the fourth consecutive year in 2026, setting a record for the longest consecutive gains in nearly 20 years. Analysts predict that the average increase for the S&P 500 index next year will reach 9%. Jason Pride, Chief Investment Strategist at Glenmede, and Michael Reynolds, Vice President of Investment Strategy, believe that the combined effects of tariff policies, fiscal stimulus, changes in the labor market, productivity related to artificial intelligence, and potential deregulation all indicate that the economic growth outlook for the next year will be above average. Here are the stocks to watch on Tuesday (30th): Manulife US REIT announced before the market opened that it has voluntarily liquidated and dissolved its indirect subsidiary Hancock S-REIT Sacramento LLC. This company previously held the office building Capitol located in Sacramento, California, which has been sold off in 2024. The trust stated that this liquidation will not have a significant impact on the net asset value per unit or earnings per unit for the fiscal year ending December 31, and the directors are not involved in any conflicts of interest. The trust's stock price closed at $0.07 on Monday, unchanged. Trendlines, a venture capital firm focused on agricultural food technology and healthcare enterprises, completed a new share subscription, issuing 51,447,751 shares at $0.0666 per share. The company's issued capital has increased to 1,371,813,553 shares, and the new shares will be listed for trading on the Catalist board starting at 9 AM on January 2. The company's stock price surged 7.14% on Monday, closing at $0.075. Jubilee Industries, listed on the Catalist board, announced after the market closed on Monday that it has appointed Tay Boon Zhuan as an independent non-executive director effective immediately. He will also serve as a member of the audit committee, nomination committee, and remuneration committee. Following the appointment, the company's audit and remuneration committees will consist entirely of independent non-executive directors. Before the announcement, the company's stock price closed at $0.022, unchanged. Reports indicate that Chinese electric vehicle manufacturer Nio is increasing its reliance on CATL batteries, coupled with strong sales performance of its vehicle models. Nio's stock price on the Singapore Exchange rose by as much as 6.7% on Monday, closing at $5.24, up 5.65% The electric vehicle media CnEVPost reported last Saturday (27th) that Nio has ended its supply agreement with FinDreams battery and has switched to purchasing batteries from CATL. As of Monday, Nio's ES8 model delivery volume has reached 40,000 units, and its third-generation model was launched only 100 days ago. Heptamax International's subsidiary in Malaysia, Hepta Shinmaster, has secured a contract for the design of a robotic painting production line, valued at nearly 580,000 Malaysian Ringgit (approximately 180,000 Singapore Dollars). The related project is expected to be completed by December next year. Heptamax International closed at 0.10 SGD on Monday, with no change. Wansheng Metal International (MSM International) has signed a conditional share subscription agreement through its subsidiary GCC Capital to subscribe for 30% equity in Malaysian electric vehicle charger supplier X Miles for 1 million Malaysian Ringgit (approximately 320,000 SGD). The company stated that the above subscription aligns with its long-term growth strategy. Wansheng Metal International's stock price closed at 0.27 SGD on Monday, with no change