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| 4 November 2025
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Local shares ended Monday (Nov 3) higher, tracking gains across regional markets. The benchmark rose 0.4 per cent or 15.71 points to close at 4,444.33. Jardine Matheson was the day’s top blue-chip gainer, rising 3.4% or US$2 to US$60.75. DFI Retail Group was the index’s biggest decliner, falling 3.1% or US$0.11 to US$3.40.
The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve’s near-term monetary policy grew increasingly foggy due to scarcity of official US economic data. The Dow Jones Industrial Average fell 226.19 points, or 0.48%, to 47,336.68, the S&P 500 gained 11.77 points, or 0.17%, to 6,851.97 and the Nasdaq Composite gained 109.77 points, or 0.46%, to 23,834.72.
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Events Of The Week
SG
**We are ceasing coverage of Sasseur REIT and Far East Hospitality Trust with immediate effect due to a reallocation of resources. The previous recommendation can no longer be relied upon.**
Seatrium plans to sell two platform supply vessels for US$59.7 million, or $77.4 million. The two vessels are held under a special entity called Guanabara Navegação and will be sold to Brazilian vessel operator, Posidonia Shipping and Trading.
Investment firm Aravest and Wee Hur Property, a unit of Wee Hur Holdings are in a venture to buy over and refurbish the former Hotel Miramar along Robertson Quay. Upon completion in 2026, the hotel will be branded DoubleTree by Hilton, marking the debut of this Hilton brand in Singapore.
Wee Hur Holdings announced that its 80 per cent owned Australian subsidiary had entered into a sale and purchase agreement for the disposal of a property located at 188 Grenfell Street in Adelaide for S$14.2 million on Oct 31.
NetLink NBN Trust has reported a distribution per unit of 2.71 cents for the 1HFY2026 ended Sept 30, up 1.1% y-o-y. Profit after tax for the 1HFY2026 declined 10.2% y-o-y to $43.5 million. Revenue for the reporting period came in 1.1% y-o-y higher at $207.1 million, while ebitda remained unchanged at $143.5 million.
Grab Holdings Ltd. raised its earnings forecast for the year after quarterly profit topped estimates, signaling robust demand for the Southeast Asian ride-hailing and food delivery firm’s new products.
Jardine Matheson London-listed conglomerate intends to repurchase up to US$250 million worth of shares under a proposed share buyback, the company announced on Monday (Nov 3).
CapitaLand Investment (CLI) has issued a statement in response to a report about a potential merger with Mapletree Investments on Nov 3, saying it does not comment on rumours or speculation. The article published earlier in the day detailing the exploration of a merger between the CLI and Mapletree Investments, which it said was still in very initial stages.
US
US factory activity shrank in October for an eighth straight month, driven by a pullback in production and tepid demand.
The US is expected to suspend port fees for a year on China-linked vessels starting next week, as the two countries deescalate a maritime contest that had become a sticking point in the trade war.
Artificial intelligence (AI) giant Nvidia’s most advanced chips will be reserved for US companies and kept out of China and other countries, US President Donald Trump said.
Amazon.com Inc’s cloud unit has signed a US$38 billion deal to supply a slice of OpenAI’s bottomless demand for computing power. Amazon shares surged. Amazon Web Services will provide the ChatGPT maker with access to hundreds of thousands of Nvidia Corp graphics processing units as part of a seven-year deal.
Microsoft Corp said it will spend more than US$7.9 billion on data centres, cloud-computing and employees in the United Arab Emirates over the next four years, boosting the Gulf state’s goal of becoming a global technology hub.
Palantir Technologies raised its annual revenue outlook to US$4.4 billion and outpaced analyst estimates for third-quarter sales, citing “accelerating and otherworldly” growth for its artificial intelligence (AI) and data analytics products.
Source: SGX Masnet, Bloomberg, Channel NewsAsia, Reuters, CNBC, WSJ, The Business Times, The Edge Singapore, PSR
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