Report Summary

• Singapore’s FSSTI Index closed at 4,270.0, up 12.7% year-to-date, with regional indices showing positive momentum.
• Geo Energy secured a US\$275 million term loan from Bank Mandiri, with lower interest rates and deferred repayments, supporting expansion and acquisitions.
• Geo Energy plans to boost coal mine production to 25 million tons annually and expand logistics capabilities, maintaining a BUY rating with 24.2% upside potential.
• Dezign Format Group, up 43% from IPO, is expanding regionally with new projects, strategic partnerships, and a new facility in Johor to support Southeast Asian operations.
• Schroders faces challenges in Hong Kong’s slumping property market, with bank creditors seizing assets due to loan defaults and declining commercial property values.
• Institutional investors were net sellers in Singapore, while retail investors showed net buying activity, particularly in financials and REITs.
• Upcoming dividend distributions listed for major Singapore stocks, with key payment dates highlighted for investors.
• SGX’s watch-list includes 32 companies, reflecting ongoing regulatory scrutiny and market developments.
• Macro risks noted for US, China, and Hong Kong markets, including trade tensions and property market volatility.