Shikhar Gupta

Shikhar Gupta

JOURNALIST

Shikhar Gupta is a Breaking News Journalist at The Business Times. He previously worked at Bloomberg News, covering transport, healthcare, and consumer stories.

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):

Singapore, Hong Kong, Japan and Australia Reits last year posted price gains for the first time since the pandemic.
BROKERS’ TAKE

S-Reits set for first DPU recovery in four years: Julius Baer

Singapore’s retail and office sectors are well placed to benefit this year, the analyst says

Hong Leong Asia said it does not expect to require shareholder approval.

Hong Leong Asia proposes spinning off Guangxi Yuchai Marine and GenSet Power on HKEX

But the group cautions that the listing is still subject to requisite approvals from the relevant regulatory authorities

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):

Both facilities contain covenants requiring the trustee-manager to remain wholly owned by Keppel Capital Holdings and/or Keppel.

Keppel Infrastructure Trust secures S$100 million loan facility

It also obtains a 50 million euro bank facility

Singapore banks are poised to benefit from wealth asset management inflows given the city-state's "safe-haven" status, says one analyst.
HOT STOCK

UOB soars 5% as OCBC jumps 3.4%; record highs drive STI to all-time peak

This comes as analysts raise their target prices for both lenders

Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

Tariff risks vs AI boom: S-E Asia’s semiconductor stocks diverge but upside ahead

Investors mull over a mix of factors, but analysts cite target prices that are mostly higher

Leading the charge in Singapore was UOB, which was up almost 2%.

STI, Asian markets rebound after Trump backs off on Greenland tariffs

The Straits Times Index climbs about 0.4% throughout the day

Toku offered 63 million placement shares and two million public offer shares at S$0.25 each.

Customer experience platform Toku closes 14% above IPO price on Catalist debut

The company offers AI-based cloud communications services to businesses

A Boeing P-8A Poseidon maritime patrol aircraft.

US approves Singapore’s US$2.3 billion purchase of naval aircraft, torpedoes

The city-state is buying four Boeing P-8A maritime patrol aircraft, eight MK 54 torpedoes and related military hardware