ISHRS MSCI Sg Capped

Grab partners with Singapore Enterprise to launch 'Full House Mission' supporting small F&B businesses

May 2026 SEA E-commerce Data Released: Divergent Traffic Trends for Shopee and Lazada

Keppel Data Center Fund III Secures Land for 60MW AI Data Center in Senoko

Sea Ltd. COO Ye Gang Sells 20k Shares for ~$1.77M

DBS Expands Service: Singapore Customers Can Directly Transfer to WeChat Digital RMB Wallet

Singapore Airlines Launches First Direct Flight to Hangzhou, Weekly Flights Exceed Pre-Pandemic Levels

OCBC to Launch Physical Gold Trading and Storage Service in Singapore on June 10

Keppel REIT Secures $159.5M Credit Facility, Manager Change Risks Cross-Default

DBS Upgrades DBS Remit Service: Allows Fee-Free Remittances to WeChat Pay

Keppel prices S$325 million subordinated perpetual securities at 3.30%

Sea Limited COO Gang Ye Sells 10,000 Shares, Reducing Stake by 5.56%

EWEC Awards Tawila C IPP Project to TAQA and Consortium

Sea Ltd. COO Ye Gang Indirectly Sells 20,000 Shares, Raising ~$1.84 Million

FPT and Sembcorp Sign MoU to Explore AI and Sustainable Urban Cooperation in APAC

DBS Launches New Feature: Android Phones Become Contactless Payment Terminals

Sea Ltd Plans Vietnam Expansion in Finance and Logistics, Discusses Cooperation with Leaders

Sea Establishes AI Investment Team Led by Zhang Endong to Seek Growth Amid Competition

Sea Group Establishes AI Investment Team Led by Endong Zhang to Seek Global Opportunities

Keppel Launches Singapore's First Hydrogen-Compatible Sakra Cogen Plant

Sea Reports Strong Q1 Earnings and Launches $1B Buyback, Analysts Warn of Valuation Risks

CCSC Tech

Youlife

Core AI

Regentis Biomaterials

Epsium Enterprise

Autozi Internet Tech Global

Leslies

Mega Matrix

eLong Power

Smart Logistics Global

CGS International upgraded the Singapore banking sector outlook to 'overweight', citing robust capital inflows, loan growth, and net interest income upside. The brokerage raised FY2027-2028 EPS estimates for local banks by 2.6% to 6.3%. DBS remains the top pick with an 'add' rating, while UOB and OCBC were upgraded from 'hold' to 'add'. Analysts highlight improved ROE prospects, lower funding costs, and structural gains in wealth management as key drivers.

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OCBC Bank

DBS Group

United Overseas Bank (UOB)

HSBC Holdings Plc

HSBC HOLDINGS

HSBC 5xShortSG241213

HSBC

CGSI upgrades Singapore banking sector to ‘overweight’ on net interest income upside

Thai Beverage Public Company is the top stock with a 3.53% increase.The Straits Times Index (STI) closed at 5,023.250, up 1.2%, on Tuesday, 9 June, at 5:21 p.m.Thai Beverage Public Company was the most active stock, followed by Singtel (+2.61%) and OCBC Bank (+1.71%).Yangzijiang Shipbuilding and Genting Singapore were at the foot.

Singapore Business Review

SingTel

Genting Sing

ThaiBev

FTSE Straits Times Index

YZJ Shipbldg SGD

Singtel

YZJ Shipbldg RMB

Daily Markets Briefing: STI up 1.2%; Top stock is Thai Beverage

Keppel has entered the South Korean data centre market with a planned 60MW greenfield facility in Ansan, its first such project in the country. Developed via Keppel Data Centre Fund III, the AI-ready, Tier III-equivalent site targets hyperscalers and cloud providers for service by 2030. This expansion adds to Keppel's global portfolio of 39 data centres exceeding 800 MW capacity.

Keppel

Keppel Reit

Keppel enters South Korea data centre market

Singapore stocks closed higher on June 9, with the Straits Times Index (STI) rising 1.2% to 5,023.25, driven by a rebound in global tech counters following last week's sell-off. Gainers outnumbered losers 344 to 231, with Thai Beverage leading blue-chip gains at 3.5%. Local banks DBS, OCBC, and UOB also rose. Regional indices were mixed: Japan's Nikkei 225 gained 2.2%, South Korea's Kospi surged 8.2%, while Hong Kong's Hang Seng fell 0.4%. Analysts remain constructive on cloud computing and AI themes.

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Invesco Semiconductors ETF

VanEck Semiconductor ETF

SPDR S&P Semicon

First Trust Nasdaq Food & Semicon

TRACKER FUND

ISHARESHSI

FL2 CSOP HSI

FI CSOP HSI

FI2 CSOP HSI

iShares Semiconductor ETF

Direxion Semicon Bull 3X

Invesco PHLX Semiconductor ETF

Pro Ultrshrt Yen

SingPost

YZJ Fin Hldg

Singapore stocks close higher after rebound of global chipmakers; STI up 1.2%

The stalled Simba-M1 merger in Singapore has dimmed hopes for near-term telecom sector consolidation, leaving operators exposed to pricing pressure and competition from virtual telcos. While RHB notes this is a short-term negative, long-term consolidation remains likely. StarHub's Antina 5G venture could serve as a basis for future mergers, with renewed discussions between Keppel and StarHub possible. Meanwhile, mobile market conditions remain challenging due to price cuts and weaker roaming revenue.

StarHub

Simba-M1 deal setback dims hopes for telco tie-ups: report

Keppel has entered South Korea's data centre market with a strategic 60 MW greenfield project in Ansan, Seoul Metropolitan Area. Via Keppel Data Centre Fund III, the company acquired a ~73% stake in the land-owning SPV. The AI-ready facility, targeting hyperscalers and cloud providers, aims for service by 2030. This marks Keppel's first Korean data centre project, leveraging strong local demand and limited supply.

Keppel enters South Korea’s data centre market with 60 MW greenfield project

Keppel's KDCF III secured land for a 60MW AI-ready data centre in Seoul, targeting 2030 completion. Meanwhile, Starhill Global Reit appointed Kemmy Tan as CEO effective July 1, with current CEO Ho Sing stepping down on June 30.

StarhillGbl Reit

Stocks to watch: Keppel, Starhill Global Reit, Ley Choon

Morningstar Research suggests UOB's potential sale of its asset management business to AllianzGI could unlock value due to scale advantages. UOB is reviewing the sale to reinvest proceeds into enhancing advisory capabilities and hiring relationship managers, supporting its goal to double wealth income by 2030. This move aligns with Singapore's major banks focusing on wealth management amidst tightening margins.

Morningstar

Allianz SE

Citigroup

Allianz

CITIGROUP INC 6.250 NON CUM SER II PFD WI

UOB's potential asset management sale could unlock value for wealth push

DBS Bank has enabled Singapore customers to transfer funds directly to Weixin Pay digital RMB wallets in China via DBS Remit. This expansion follows strong adoption since February, with customer numbers quadrupling and transaction volumes surging eightfold. The service aims to reduce friction for cross-border payments, travel, and daily expenses in China's digital ecosystem, avoiding credit card fees while enhancing local payment experiences.

TechNode

DBS enables remittances to Weixin Pay wallets in China via digibank

Singapore Airlines launched its first direct route to Hangzhou on June 1, reinforcing its commitment to the Chinese market. This addition brings SIA's weekly flights between Singapore and mainland China to 112, surpassing pre-pandemic levels. The move capitalizes on strong demand driven by mutual visa exemptions, with passenger traffic between the two cities up 12% this year. SIA carried over 4 million passengers between the regions in the last fiscal year, a significant recovery compared to other Asian routes.

Yicai

SIA Engineering

Singapore Airlines Opens First Direct Route to China’s Hangzhou

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