U.S. stocks rose Monday despite the U.S. attack on Venezuela and the capture of President Nicolás Maduro, as investors bet the event would not spark wider geopolitical conflict. The Dow jumped 1.23% to a record close, while the S&P 500 and Nasdaq also ended higher.
Energy stocks led gains on expectations that U.S. companies could benefit from rebuilding Venezuela’s oil infrastructure, boosting firms like Chevron and Exxon Mobil. Gold and bitcoin also rose, while financial and defense stocks gained on optimism about the U.S. economy and a continued risk-on market. Analysts said the situation is unlikely to have major near-term market or gas price impacts.
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Concord New Energy Group expects its ordinary shares to be listed on the SGX Mainboard and begin trading on Jan 6, according to a filing on Jan 5.
The renewable energy company, which is already listed on the Hong Kong Stock Exchange, announced plans for a secondary listing on the Singapore Exchange on Dec 31, 2025. Founded in 1997, the group entered the renewable energy sector in 2007 and adopted its current name in 2015. It relocated its headquarters to Singapore in 2023.
The group operates two segments: power generation and “others”. Power generation is its core business, accounting for 91.4% of total revenue in FY2024 and 95.4% in the first half of 2025. This segment focuses on the development, ownership and operation of wind and solar plants under build-own-operate and build-transfer models.
The “others” segment includes design, technical and consultancy services, engineering, procurement and construction of power plants, as well as finance leasing for existing customers. The company said it is in the process of winding down the finance leasing business.
Concord New Energy added that the proposed secondary listing remains subject to meeting conditions under the Exchange’s listing rules and prevailing market conditions.
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Global markets surged in 2025, and Singapore stocks joined the rally, with the Straits Times Index up nearly 23%. Looking ahead to 2026, The Business Times highlights several Singapore-listed companies worth watching as investors assess leadership changes, recovery prospects, and new growth drivers.
Singapore Post is under pressure at a 52-week low, with shareholders awaiting a long-promised reset under new leadership. UOB lagged its banking peers in 2025 due to weaker earnings and asset quality concerns, though a rebound could emerge if provisions ease. Genting Singapore is banking on its RWS 2.0 expansion and a crucial casino licence renewal to revive performance.
New-economy names such as UltraGreen.ai and MetaOptics are drawing attention as potential SGX success stories with global ambitions, including possible Nasdaq listings. Wee Hur has gained momentum through diversification and asset recycling, while Singtel faces scrutiny over Optus issues even as it explores a major data-centre deal.
ST Engineering stands out after a stellar 2025, supported by strong defence demand and a record order book. Alpha Integrated Reit is attempting a turnaround under a new internal management model, and CapitaLand Integrated Commercial Trust enters 2026 from a position of strength, though rising cross-border retail competition could pose longer-term risks.
Overall, while 2025 set a high bar, 2026 will test whether corporate execution, restructuring efforts and selective growth themes can sustain Singapore market momentum.
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