🔹 Data-Centre Windfall, and Singapore Engineering Wins Signal Market Momentum
SGX:NORD.SI:Nordic Group Limited
Nordic Group secured S$48.7 million in contracts across multiple divisions, boosting its order book to S$197.8 million.
SGX:FHT.SI:Frasers Hospitality Trust
Frasers Hospitality Trust received SGX’s green light to delist following a privatisation offer of S$0.71 per unit by Frasers Property.
SGX:NTT.SI:NTT Data Centre REIT
NTT Data Centre REIT’s IPO raised nearly S$774 million. GIC took a 9.8% stake, with the public tranche oversubscribed 8.9 times.
SGX:SENV.SI:Sanli Environmental
Sanli Environmental secured a S$105.3 million PUB contract, growing its order book to S$333.9 million. SAC Capital initiated a “Buy” call, targeting 22.8 cents.
SGX:SGX.SI:Singapore Exchange
SGX gained from rising trading volumes. CGS upgraded to “Add” with a S$18.30 target, while RHB lifted its call to S$15.90.
SGX:US:Grand Venture Technology
Aalberts Advanced Mechatronics made a S$0.94 per share offer to acquire Grand Venture, supported by shareholders controlling ~64%.
🔹 Tencent, JD, and Meituan Dominate Analyst Coverage as Tariffs, Tech Shakeups and Stimulus Hopes Stir Hong Kong Markets
HK:00813.HK:Shimao Group
Shimao’s June sales plunged nearly 30% YoY to RMB2.321 billion.
US:TikTok
ByteDance’s TikTok announced layoffs amid regulatory pressures in the US.
HK:3115.HK:Hangseng Index
The HSI gained 111 points to close at 24,139, led by HK:09988.HK:BABA-W and HK:03690.HK:MEITUAN-W.
HK:09988.HK:BABA-W, HK:0700.HK:TENCENT
AI startup Zhipu is planning a Hong Kong IPO backed by BABA-W and Tencent.
HK:2359.HK:STARPLUS LEGEND
Shares surged over 25% after a viral Douyin video.
HK:03750.HK:CATL
JPMorgan maintained “Overweight” on CATL with a HKD400 target.
HK:09618.HK:JD-SW
Analysts warned of steep food delivery losses; Citi trimmed targets.
HK:2319.HK:CHINA FEIHE, HK:1093.HK:SMIC
CICC cut CHINA FEIHE’s target; HSBC upgraded SMIC to “Buy”.
HK:00883.HK:CHINA RES POWER, HK:00902.HK:HUANENG POWER
HSBC raised CHINA RES POWER’s target; downgraded HUANENG.
HK:00012.HK:HENDERSON LAND
UBS sees upside from land reclamation efforts.
HK:06862.HK:DFZQ, HK:00001.HK:CKH Holdings
DFZQ target raised to HKD5.6; HSI opened higher with support from NIO-SW and WUXI APPTEC.
HK:00700.HK:TENCENT, HK:0388.HK:HKEX, HK:01113.HK:CK ASSET
UBS reaffirmed Tencent as top pick; HKEX earnings expected to rise 31% YoY.
HK:00968.HK:XINYI SOLAR
HSBC trimmed targets but kept “Buy” rating.
HK:00005.HK:HSBC HOLDINGS
HSBC bought back 1.28 million shares totaling US$125 million.
HK:01585.HK:LEAPMOTOR
Launched updated C11 SUV, priced from RMB149,800.
HK:00017.HK:NWD
Denied rumors of selling its Shanghai K11 office asset.
US:COPS:Copper
Reports of extending 50% copper tariffs to semi-finished goods grew louder.
🔹 Mega Moves in Malaysia: MRCB, Greatech, and A1 AK Koh Drive Corporate Buzz
KL:1651.KL:Malaysian Resources Corp Bhd (MRCB)
MRCB partnered with Ipoh Sentral Sdn Bhd for the RM6.25 billion Ipoh Sentral project, committing up to RM348 million.
KL:5253.KL:Econpile Holdings Bhd (ECONBHD)
Won a RM98.2 million bored piling job in Kapar, Klang.
KL:0324.KL:A1 AK Koh Group Bhd (A1AKK)
Post-listing, the premixed soup maker targets 20 new products by June 2026, boosting production to 80%.
KL:5121.KL:Hektar Real Estate Investment Trust (HEKTAR)
Bought 42 acres of Melaka land for RM40 million under a 30-year lease with KYSA Education.
KL:2097.KL:Meta Bright Group Bhd (MBRIGHT)
Divesting Australian unit for RM25.37 million; RM17 million for debt repayment, RM8.37 million for working capital.
KL:7188.KL:BTM Resources Bhd (BTM)
Cancelled its 7MW power plant project citing financing issues. It had approval to sell power to KL:5347.KL:Tenaga Nasional Bhd (TENAGA).
KL:8643.KL:Jasa Kita Bhd (JASKITA)
Chairman and son received a RM68.89 million buyout offer from Kintan Prima, led by Abd Azis Mohamad.
KL:0208.KL:Greatech Technology Bhd (GREATEC)
Major shareholder GTech transferred its 57.65% stake to co-founders Datuk Seri Tan Eng Kee and Khor Lean Heng.
KL:0315.KL:SkyGate Solutions Bhd (SKYGATE)
Acquiring an additional 44% in its automation unit, bringing its stake to 95%, via RM9.8 million share issuance.
🔹 Markets Shudder as Trump’s Tariff Bombshell Jolts Global Equities; Tech, Energy and AMC Surge Amid Turbulence
US:DGT:Dow Jones Industrial Average
Dropped 279.13 points to 44,371.51 after Trump’s tariff shock.
US:S&P 500
Fell 0.33% to 6,259.75, ending the week down 0.3%.
US:QQQ:Nasdaq Composite
Closed at 20,585.53, losing 0.1% for the week.
US:KHC:Kraft Heinz
Shares rose 1% amid spinoff rumors valuing grocery business at US$20 billion.
US:AMC:AMC Entertainment
Jumped 11% on analyst upgrade, best week since April.
US:AMZN:Amazon, US:NVDA:Nvidia, US:CVX:Chevron, US:MSFT:Microsoft
Amazon and Nvidia up 1.3%; Chevron +0.7%, Microsoft +0.6%.
US:NKE:Nike, US:V:Visa, US:CRM:Salesforce
Nike (-2.7%), Visa (-2.4%), Salesforce (-1.8%) led Dow decliners.
US:KRE:SPDR S&P Regional Banking ETF, US:CFG:Citizens Financial, US:KEY:KeyCorp
Piper Sandler flagged caution after strong gains in regional banks.
US:HOOD:Robinhood
Facing scrutiny over crypto staking and synthetic tokens.
US:S&P 500, US:DGT:Dow Jones Industrial Average, US:QQQ:Nasdaq Composite
All major indices ended lower ahead of earnings and inflation data.
🔹 Oil Surges on Tight Supply, Kraft Heinz Eyes $20B Grocery Spinoff Amid Inflation Woes
oil:US:UCO
Oil rallied as the IEA flagged tight supply. Brent closed at US$70.36 (+2.5%) and WTI at US$68.45 (+2.8%).
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