DAILY MORNING NOTE | 5 June 2026

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Phillip Summary

Singapore shares shed more than 1% at the close of market on Thursday, tracking regional losses, with investor sentiment taking a hit following the resumption of hostilities between the US and Iran. The Benchmark Index was down 70.71 points or 1.4% to 5,067.53.

U.S. stocks were mixed after the close on Thursday, as gains in the Healthcare, Financials and Industrials sectors led shares higher while losses in the Telecoms, Technology and Consumer Goods sectors led shares lower. The Dow Jones Industrial Average added 1.73% to hit a new all-time high, while the S&P 500 index added 0.41%, and the NASDAQ Composite index lost 0.09%.

Singapore Technical Highlights

Factsheets


TOP 5 GAINERS & LOSERS

Factsheets


EVENTS OF THE WEEK

Factsheets


Breaking News

SG

Keppel Ltd. is issuing S$325mn of 3.30% subordinated perpetual securities, with the first call date on 11 June 2029. The rate resets every 3 years thereafter at 3-year SORA overnight indexed swap + 1.62% spread + 1% step-up.

Guocoland’s subsidiary GuocoLand (Malaysia) has filed a petition to the High Court to confirm its share capital reduction, a key legal step to effect its privatisation.

Civmec Limited order book hits a new high of A$1.5bn after securing several new contracts, most notably a structural, mechanical, piping, electrical and instrumentation (SMPE&I) installation package at Iluka’s Eneabba rare earths refinery in Western Australia, and a major construction contract for Perth Park as part of an alliance with Seymour Whyte and Aurecon.

Beng Kuang Marine subsidiary ASOM secured two FPSO life extension tank service contracts worth US$28.6mn in aggregate for two FPSOs in West Africa.

US

Intel is partnering with Foxconn to jointly develop next-generation AI infrastructure, combining Intel’s chip technology with Foxconn’s manufacturing scale across data centre servers, AI accelerators, high-speed interconnects and edge applications in factories, smart cities and robots.

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


RESEARCH REPORTS


Market Journal articles powered by PhillipGPT

ST Engineering Maintains Growth Trajectory with Strong Defence Orderbook and Commercial Aerospace Recovery, BUY Rating at S$13.00 Target

Centurion Corporation Expands into Australian Key Worker Accommodation with BUY Rating and S$1.85 Target Price

NetLink NBN Trust Maintains Steady Cash Flow Despite Rising Costs, Target Price Raised to S$0.96


PSR Stocks Coverage

Factsheets


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