Market Snapshot

Singapore stocks opened lower on Tuesday. STI fell 0.3%; SingPost rose 1.2%; Yangzijiang Shipbuilding rose 0.9%; Singtel rose 0.2%; NIO fell 2%; DBS fell 0.4%.

Stocks in Focus

Singapore Airlines: The group on Monday (Nov 17) reported a 5.3 per cent increase in passenger traffic for October across Singapore Airlines and Scoot, outpacing a 3.7 per cent increase in passenger capacity. Revenue passenger kilometre, which measures the demand for an airline’s service, came in at 13.6 billion for the month. Shares of SIA Group fell 0.5 per cent or S$0.03 to S$6.49 on Monday, before the news.

SGX: The Singapore Exchange on Monday said it will introduce Bitcoin and Ethereum perpetual futures on Nov 24 to meet rising institutional crypto demand. These contracts will offer institutional, accredited and expert investors a continuous, no-expiry structure coupled with robust clearing and margining standards of listed derivatives, it said. The contracts will be benchmarked to iEdge CoinDesk Crypto Indices, which cover real-time benchmarks and reference rates for Bitcoin and Ethereum. The SGX counter fell 0.1 per cent to close S$0.02 lower at S$16.91 on Monday.

Yangzijiang Shipbuilding: The shipbuilder on Monday announced that it has obtained about US$2.2 billion worth of orders in the year to date, a fifth of the US$11.6 billion in order wins recorded in the same period a year ago. The shipbuilder added that it has delivered 46 vessels year to date, out of a target of 56 for the entire financial year. Its shares fell 0.9 per cent or S$0.03 to S$3.42 on Monday, before the news.

City Developments Limited (CDL): The real estate group on Monday said its sales value in the Singapore market for it and its joint venture associates in Q3 fell 48.7 per cent year on year to S$313.2 million, compared to S$611.1 million in the year-ago period. Separately, CDL added that it is now in advanced stages of discussion and negotiation with shortlisted parties over the sale of Quayside Isle @ Sentosa Cove, after it put the mall up on the market at S$111 million in September. Shares of CDL ended Monday S$0.04 or 0.5 per cent lower at S$7.31, before the announcement.

Yangzijiang Financial: The spinoff from its maritime investment segment, Yangzijiang Maritime Development, announced contracts with a Marshall Islands-based shipowner ahead of its Tuesday mainboard debut. The deals are for the sale of four new medium-range tankers with a gross value of around US$180 million, and come amid Yangzijiang Maritime’s ongoing portfolio optimisation, enabling capital recycling. The tankers are due for delivery between 2026 and 2027. Yangzijiang Financial ended Monday flat at S$0.515 before the announcement.

StarHub: The telco priced its issuance of S$300 million worth of notes due in 2035 at 2.55 per cent, under its S$2 billion multi-currency debt issuance programme. On Monday, the group said that the notes are slated to be issued on Nov 26 this year, and will mature on Nov 26, 2035. Net proceeds from the issuance will finance the general corporate funding requirements or investments of StarHub and/ or the group. The counter closed Monday down S$0.01 or 0.9 per cent at S$1.14 before the announcement.

Coliwoo: The co-living operator on Monday announced an upcoming six storey mixed-use development slated to launch in Q1 2026, marking its first new property following its Nov 6 mainboard debut. Located at 141 Middle Road, Coliwoo Midtown is set to be a modern, urban co-living hub offering ready-to-move-in living with lifestyle amenities, wellness features and social spaces. The counter ended Monday down by 1.8 per cent or S$0.01 at S$0.56, before the news.

SG Local News

Singapore Exchange to Launch Bitcoin and Ether Perpetual Futures

The derivatives arm of Singapore Exchange (SGX) said on Monday that it would launch bitcoin and ether cryptocurrency perpetual futures trading on its platform.

Set to launch on November 24, the trading will be available to accredited and institutional investors, SGX said in a statement.

Perpetual futures are derivatives that allow traders to bet on asset prices without an expiry date and offer round-the-clock access and high leverage, making them a popular choice in fast-moving markets.

Singapore Home Sales Near One-Year High on Renewed Frenzy

Singapore home sales rebounded to the highest level in almost a year after a recent rush of buying, renewing concerns about over-exuberance in the market.

Developers sold 2,424 private units in October, according to figures released by the city’s Urban Redevelopment Authority Monday. That’s the most since November last year, when a similar frenzy led to 2,560 homes being sold.

The spate of purchases has been driven by a range of factors, including falling borrowing rates, an intergenerational wealth transfer and rich foreign residents spending on homes. The trend risks driving up prices further in what is already one of the world’s most expensive real estate markets.

Sea Announces First Share Buyback of up to US$1 Billion

Consumer Internet company Sea on Monday (Nov 17) announced its first share repurchase programme, under which it may buy back up to US$1 billion of its American depositary shares.

The move comes a week after the company reported a 144.6 per cent rise in its third-quarter earnings to US$375 million, from US$153.3 million in the year-ago period.

Sea said in a statement that the share buyback programme demonstrates its “confidence in its long-term prospects”, and will allow it to opportunistically repurchase its shares.