[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 10):
DBS, Singtel, ST Engineering: The Singapore bank, telecommunications giant and defence technology company, respectively, were among the top performers in Temasek’s Singapore-based portfolio companies in the past year. They were a key factor in boosting its net portfolio value to a record S$434 billion for the financial year ended Mar 31. This figure is a S$45 billion increase from the S$389 billion recorded in the previous financial year, and surpasses the previous high of S$403 billion posted in FY2022. DBS saw its share price rise more than 20 per cent in the past year, while Singtel gained around 40 per cent. ST Engineering nearly doubled in value over the same period. Shares of DBS closed 0.2 per cent or S$0.08 down at S$45.65, Singtel’s shares closed 0.3 per cent or S$0.01 up at S$3.96, and ST Engineering’s shares ended 0.4 per cent or S$0.03 higher at S$8.24 on Wednesday after the announcement.
UOL: Its wholly owned subsidiary UOL Treasury Services has priced S$75 million worth of notes at 2.78 per cent under its S$2 billion multicurrency medium-term note programme established in November 2014. The notes will be issued as the second tranche of the programme’s fifth series and are payable semi-annually, said the property player on Wednesday. The expected maturity date is Jul 15, 2032. Shares of UOL ended 3.4 per cent or S$0.22 higher at S$6.61 before the news.
Singapore Exchange (SGX): The operator of the local stock market reported gains in the trading value and volumes of its key products in June, which contributed to the bourse ending its financial year on a positive note. The total securities market turnover value rose 23 per cent year on year in June, to S$26 billion. This closes out its FY2025 ended Jun 30 with a 28 per cent advance to S$336.4 billion, going by its monthly market statistics report on Wednesday. The counter fell S$0.18 or 1.2 per cent to close at S$15.41 before the news.
Food Empire: The food and beverage company plans to invest US$37 million to expand the capacity of its spray-dried soluble coffee manufacturing facility in Andhra Pradesh, India to support its consumer business. The expansion is expected to increase the facility’s capacity by around 60 per cent and comes under the company’s ongoing vertical integration initiatives. Construction works are set to commence in the fourth quarter of 2025 and will complete by end-2027. Shares of Food Empire finished Wednesday 2.2 per cent or S$0.04 higher at S$1.90.
Soilbuild Construction: The construction player announced on Wednesday that it secured new contracts with an aggregate value of around S$178.6 million. These include a contract to build a 10-storey, multiple-user industrial development in Lok Yang Way in western Singapore. The project, to be completed by the first quarter of 2027, is to be built to specifications that would earn it the Building and Construction Authority’s eco-sustainable rating. The mainboard-listed company said the new deals add more revenue visibility, and took the group’s order book to around S$1.21 billion at end-May. Shares of Soilbuild Construction gained S$0.01 or 1.2 per cent to close at S$0.87 before the announcement.
Trading halt: Grand Venture Technology requested a trading halt on Thursday morning, pending the release of an announcement. Its shares closed on Wednesday 1.1 per cent or S$0.01 higher at S$0.955.
