Stock Market Today

The Singapore market closed at 5,684.12, down 0.7%.

In the US, the S&P rose 0.7% to 7,730.99, the Dow Jones gained 0.2% to 53,569.44, and the NASDAQ advanced 1.6% to 26,541.35.

SG

UOB priced a EUR1 billion dual-tranche covered bond transaction, its first Euro covered bond issuance of 2026 and the first dual-tranche Euro covered bond offering by an Asian issuer, with the final order book closing at EUR3.9 billion representing four times oversubscription.

ASL Marine reported a 128% y-o-y rise in patmi to $33.3 million, on around $361 million in revenue, which is 3% higher y-o-y. Full year gross profit climbed 27% y-o-y to $77 million. ASL has proposed a final dividend of 0.17 cents, bringing full year dividend of 0.3 cents which is 50% more than FY2025’s. 2H26 revenue remained stable at around $179 million, but gross profit jumped 29.3% yto $41.9 million and patmi rose 23.3% y-o-y to $16.2 million.

Keppel was one of four operators awarded 50 MW of provisional data centre capacity in Singapore’s second Data Centre Call For Application.

Frencken announced a proposed S$100 million placement of 44.1 million shares at S$2.2687 each to fund manufacturing capacity expansion and potential M&A, with completion expected on Sep 3.

Sembcorp Industries said its Indian renewables unit has filed draft prospectus papers for an initial public offering in Mumbai, with media reports suggesting the share sale could raise up to US$500 million.

Centurion Corporation signed a provisional sales and purchase agreement for Yan Woo Building in North Point, Hong Kong, a 26-storey property with plans to convert it into student housing or serviced residences, reportedly for HK$364 million.

Seatrium and Petrobras are discussing a potential collaboration on offshore LNG solutions targeting Asian markets, as two FPSOs set to depart for Brazil’s Buzios oil field in September and October with combined capacity of 450,000 barrels per day.

Eneco Energy reported FY2026 net profit of $1.88 million, up from $70,000 a year ago, on revenue of $31.64 million and declared a final dividend of 0.0237 cents per share.

IHH Healthcare reported 2QFY2026 patmi of RM573 million, up 29% y-o-y, with 1HFY2026 revenue up 17% to RM13.4 billion led by higher inpatient and daycase volumes.

Eagle Hospitality Trust will be delisted and terminated from the Singapore Exchange (SGX) from 9am on Aug 31. The REIT had repatriated all the remaining funds to the liquidating trust in the US under the terms of the confirmed plan and confirmation order. Stapled security holders will not receive any value from the winding up of the REIT.

Aedge Group back in the black with earnings of $2.4 mil for FY2026; declares interim dividend of 0.57 cents. The company has reported a net profit after tax of $2.4 million for FY2026 ended June 30, compared to a loss of $891,000 a year ago. Revenue for the period jumped 36.9% y-o-y to $38.4 million. Aedge states that the revenue growth came from all business segments.

US

Nvidia shares surged 8.7%, adding about $440 billion to its market cap after Q2 earnings beat estimates; CFO guided for 70% revenue growth in fiscal 2028 while CEO Huang said demand exceeds that figure but supply is constrained. Nvidia has also agreed to acquire open-source AI platform Hugging Face for $12.9 billion, according to The Information. Nvidia will start an employee-funded political action committee called NVPAC to influence U.S. policy, joining other tech companies including Meta Platforms and Alphabet’s Google in creating such committees. Meanwhile, Nvidia Corp’s AI chips are the subject of a US investigation into Singapore-based Apex Logistics for allegedly smuggling servers containing the chips to China in violation of export restrictions imposed in 2022.

Salesforce surged 22.6 per cent after raising annual revenue and profit forecasts and rolling out a new plug-in integrated with Anthropic’s Claude AI models.

Microsoft reported a $678 billion commercial backlog, with quarterly revenue jumping 18% to $90 billion and Azure cloud-services revenue surging 43%. Microsoft also joined OpenAI, Anthropic and over 100 other entities in signing a letter urging coordinated government efforts to fund cyber defense and protect critical infrastructure.

Advanced Micro Devices signed a letter with more than 100 other companies calling on businesses and policymakers to act decisively to strengthen cyber defenses in the age of artificial intelligence.

Marvell Technology reported record Q2 FY2027 revenue of $2.739 billion, up 37% year-on-year, with GAAP diluted EPS of $0.33 and non-GAAP diluted EPS of $0.94; guided Q3 revenue of $3.150 billion.

Bank of America received final court approval for a $72.5 million class-action settlement with women who accused the bank of facilitating sexual abuse by the late Jeffrey Epstein.

Meta internally projected it could spend as much as US$10 billion annually on Anthropic’s AI models, making it one of Anthropic’s largest customers and using the startup’s tools to power its coming AI agent product called Hatch.

Super Micro Computer Inc‘s servers containing Nvidia chips are under scrutiny as US authorities investigate whether logistics firm Apex transported them to China in violation of export controls.

Source: SGX Masnet, Bloomberg, Channel NewsAsia, Reuters, CNBC, WSJ, The Business Times, The Edge Singapore, PSR

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United Hampshire US REIT Posts Solid Growth with Strong Defensive Portfolio, Maintains Buy Rating at US$0.69 Target

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