Market Snapshot

Singapore stocks opened higher on Wednesday. STI rose 0.1%; Yangzijiang Shipbuilding rose 3%; SIA Engineering rose 0.5%; DBS rose 0.4%; OCBC rose 0.3%; NIO fell 1%; SGX and Singtel fell 0.8%; UOB fell 0.3%.

Stocks in Focus

Singtel: The telco was hit by an outage on Tuesday, with more than 1,600 users affected at its peak at 4.55 pm. Reports of outages spiked on Downdetector at that time, falling briefly before a second peak at 5.40 pm, with over 1,300 users affected. More than seven in 10 users reported an outage in mobile phone services, and 23 per cent reported mobile Internet issues. Shares of Singtel fell 0.2 per cent or S$0.01 to close at S$4.87 on Tuesday.

Coliwoo and LHN: The co-living operator said in a Tuesday profit guidance that it expects to post a better core profit before tax and fair value changes for the 2025 financial year compared with the year-ago period, despite a decrease in net profit before tax. Coliwoo is the co-living business of property management services group LHN, which issued the same profit guidance on the local bourse on Tuesday. Shares of Coliwoo closed flat on Tuesday at S$0.56, while shares of LHN fell 1.4 per cent or S$0.01 to close at S$0.685.

SG Local News

Sculptura Ardmore Condo Unit Sells for Almost S$6,200 Psf Amid Uptick in High-End Sales

A 3,229 square foot unit in the luxury condominium Sculptura Ardmore in the prime District 10 recently changed hands at S$20 million, or S$6,193 per square foot (psf) – making it the fifth deal this year to cross the S$6,000 psf mark.

A look into caveats data revealed that four other non-landed properties were sold above this threshold thus far in 2025. Before this year, only six such sales were recorded in the 13 years between 2011 and 2024; a unit at The Marq On Paterson Hill was the first to cross the mark, with a S$19.2 million deal putting the psf price at S$6,215.

The Sculptura Ardmore transaction on Nov 7 comes in the wake of a recent uptick in Singapore’s high-end residential market, after hikes in stamp duty took the wind out of the luxury segment in 2023.

NTUC Enterprise’s Mercatus Said to Have Put 11 Retail Assets up for Sale at S$307 Million Guide Price

NTUC Enterprise unit Mercatus is understood to have put on the market a portfolio of 11 retail assets across Singapore – comprising strata retail space in Coronation Shopping Plaza and Bukit Timah Plaza and nine Housing & Development Board (HDB) commercial shops.

The total indicative price of the 11 properties, adding up to about 172,000 sq ft of space, is about S$307 million, The Business Times understands.

The properties have full occupancy, anchored by Singapore’s biggest supermarket chain NTUC FairPrice, which is set to retain long-term tenancies in the assets.

GlobalFoundries Buys Singapore's Advanced Micro Foundry in Push to Speed up AI Data Center Networks

Chip manufacturer GlobalFoundries said on Monday it has acquired Advanced Micro Foundry (AMF), a Singapore-based chipmaker that focuses on silicon photonics, a fast-growing field that is being used in artificial intelligence data centers and quantum computers.

GlobalFoundries did not disclose financial details of the deal.