The Business Times
Deon Loke

Deon Loke

JOURNALIST

As the greenback weakened, the AUD/USD pair punched through key resistance levels to trade at 0.7018 at around 8.30am on Wednesday.

As the greenback dives, one of Asia-Pacific’s top-performing currencies is trouncing the Singdollar

The Australian dollar surges to its strongest position against the American currency in over two years

The global market also had a broad based rebound, with deal value rising 40 per cent.

South-east Asia M&A deal value drops 16% in 2025, diverging from broader Apac rebound: Bain

The broader Asia-Pacific strategic deal market has grown 33% in value

ST Engineering saw its total contract awards for 2025 reach a record S$18.7 billion, exceeding the S$12.6 billion total in 2024 by 49 per cent.

Stocks to watch: ST Engineering, Keppel, Hong Leong Asia, Sasseur Reit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 28):

The Defence and Public Security segment accounted for the largest share of the quarterly wins at S$2.5 billion.

ST Engineering books record S$18.7 billion in contract wins for FY2025

This is a 49% increase from the S$12.6 billion recorded in 2024

Nam Cheong chief executive Leong Seng Keat said the group is currently in a “sweet spot,” supported by its complementary chartering and shipbuilding businesses.
HOT STOCK

Shipbuilder Nam Cheong rises 9.3% on US$19.8 million vessel sale

The 11-year-old, 3,000 deadweight tonnage vessel was sold to an Indonesian customer

The influx of EQDP capital, alongside a potential revival in the initial public offering market and the launch of the Singapore Next 50 Index to spotlight mid-cap companies, provides a favourable structural backdrop for equities.
BROKERS’ TAKE

UOBKH forecasts STI to hit 5,400 by end-2026; bets on EQDP boost, banking giants

The call follows a strong performance in 2025, during which the STI rose 22.7%

ST Engineering in December last year won a government contract to produce the next-generation Infantry Fighting Vehicles.

Stocks to watch: ST Engineering, MLT, KIT, OUE Reit, Low Keng Huat

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jan 27):

The Monetary Authority of Singapore (MAS) is expected to leave its exchange-rate settings unchanged at its meeting on Thursday (Jan 30).

Singapore dollar hits 11-year high against greenback

Singdollar breaches 1.27 level, its strongest since 2014, driven by intervention rumours

Upon completion, the site is expected to accommodate approximately 1,400 residential lots and approximately 64 mixed business and industrial lots.

Ho Bee Land acquires Queensland development site for A$318.5 million

Counter hits 52-week high at market open on Monday, after the news

Following the settlement of outstanding loans and transaction-related expenses, the group expects to receive net proceeds of approximately 95.4 billion won (S$83.4 million).

Straits Trading unit to divest South Korea logistics property for 432 billion won

Completion of the disposal is expected to take place on or around Jan 29

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