Amova Singapore STI ETF

Bank of China and Singapore Exchange Sign MOU to Deepen Financial Cooperation

Hong Kong Land Raises 2026 Profit Outlook, Q1 Underlying Profit Up 5% and Capital Recycling at 90%

Mahindra & Mahindra partners with DBS Bank India to launch ESG-linked dealer financing plan

City Developments Limited Secures S$300M Sustainability-Linked Loan from DBS

ST Engineering Q1 FY2026 Revenue Up 11%, Secures S$4.8B in New Contracts

IMDA Halts Review, Jeopardizing Keppel's Sale of M1 to Simba Deal

Keppel launches 90-day efficiency plan for M1, targets S$2-3 billion asset divestment by 2026

MoneyMax Treasure Prices $30M 5-Year Notes, DBS as Lead Underwriter

OCBC Plans to Add 30-50 Staff in Hong Kong by 2026 to Expand Wealth Management Team

OCBC Hong Kong Branch Attracts New Customers with Lifestyle Strategy, Account Growth Surges 125%

UOL Acquires UOB's Remaining Stake in Orchard Road Faber House for $68.5M

Keppel Enterprise and Telstra International Sign 25-Year Usage Rights Agreement for Bifrost Subsea Cable

OCBC Bank 2026 H1 Revenue Surges 18%, Targets Top 10 Hong Kong Rank by 2030

CDL Secures SGD 300 Million Sustainability-Linked Loan from DBS

DBS Taiwan Launches DBS Spark Banking for Emerging Affluent Clients

AirTrunk Seeks $2.3B Loan for Data Center Project

SingTel 10 to Release FY2026 Earnings on May 21 Pre-Market SGT, Forecast Revenue SGD 14.46 B

Singapore Exchange Reports 6% YOY Increase in Securities Market Turnover in April

OCBC signs agreement with Australia to boost trade and investment cooperation between ASEAN and Australia

Singapore Introduces Economic Strategy Review to Tackle AI Impact

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DBS CEO Tan Su Shan discusses the impact of agentic AI on banking. A new program offers undergraduates hands-on AI finance training with over 1,000 internships. The SQ321 report indicates a radar issue may have caused severe turbulence for Singapore Airlines. Standard Chartered plans to hire more wealth bankers in Singapore despite global job cuts. The CPF life-cycle investment scheme could boost liquidity in Singapore stocks by 2028. Temasek Trust and The Rockefeller Foundation launch a coalition to support nuclear power funding.

Businesstimes News

STANCHART

DBS Group

Standard Chartered PLC

SIA Engineering

Daily Debrief: What Happened Today (May 19)

Academy Securities has appointed Tom McCabe to its Advisory Board. With over 30 years of financial expertise, McCabe previously served as CEO for the Americas at DBS Bank for 11 years until his retirement in 2025. His extensive experience in the financial sector will benefit Academy Securities.

Unusual Whales

Thomas J. McCabe joins Academy Securities’ Advisory Board

Singapore Land Group (SingLand) has increased its stake in Novena Square to 40% by acquiring United Overseas Bank's shares in two joint ventures for $299 million. Additionally, Novena Square Investments purchased a strata lot for $19.5 million. The transactions, completed on May 15, 2026, aim to enhance SingLand's recurring income from stabilized assets amid ongoing redevelopment efforts. The remaining strata lots in Novena Square are valued at $1.5 billion.

Singapore Business Review

Singapore Land

United Overseas Bank (UOB)

SingLand raises Novena Square stake with UOB share deal

Analyst Hashim Osman from Phillip Securities has upgraded SIA Engineering Co to a Buy with a target price of S$4.06, citing resilient earnings and attractive valuation despite start-up losses. He notes robust growth in engine repair volumes and maintenance activity, while acknowledging geopolitical risks. DBS also maintains a Buy rating with a S$3.80 target. The stock has seen a 15.26% drop over the past six months, from S$3.670 to S$3.110.

Tip Ranks

Analyst Reiterates Buy as Robust MRO Growth and Engine Capacity Offset Start-Up Losses, While Target Price Eases to S$4.06

DBSDY

The Young Talent Programme for AI in Finance has been launched in Singapore, offering undergraduates hands-on experience with AI in finance through internships and traineeships at 20 financial institutions. Supported by the Monetary Authority of Singapore, the program aims to provide over 1,000 positions to help students gain industry exposure and relevant skills. Participating firms include major banks like DBS, OCBC, and global lenders such as Goldman Sachs. The initiative is part of a broader effort to enhance talent pathways in the financial sector.

OCBC Bank

Goldman Sachs

Barclays

Deutsche Bank AG

UBS Group AG

Deutsche Bank AG Subscription Rights

Deutsche Postbank AG

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Undergrads to get hands-on AI finance training; sector to offer over 1,000 internships, traineeships

City Developments Limited (CDL), led by Singapore's second-richest man Kwek Leng Beng, has secured a S$300 million (US$234 million) sustainability-linked loan from DBS. The loan aims to enhance climate resilience through various sustainability targets. CDL has raised over S$11 billion in sustainable financing since 2017 to support its net-zero goals. This marks the second partnership between CDL and DBS for sustainability-linked financing.

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CityDev

CITYDEV NCCPS

Singapore’s 2nd richest man Kwek Leng Beng’s CDL secures $234M sustainability-linked loan from DBS

A recent survey revealed that 39% of Singapore businesses faced AI-related cyber events, the highest among 15 markets. Additionally, 42% experienced supplier-linked cyberattacks. Despite these challenges, 97% of firms expect AI to positively impact their operations. Key reasons for AI adoption include productivity and innovation. However, concerns about AI-related risks persist, with 54% citing phishing as the main attack method. Notably, 18% of companies lack cyber insurance, and 15% do not have a cyber response plan.

STI ETF

QBE Insurance Group

Nearly 40% of firms hit by AI cyber events, highest amongst 15 markets

DBS Bank plans to hire over 500 young local talents in 2026 through its Management Associate, internship, and traineeship programmes, aiming for nearly 1,600 hires from 2024 to 2026. The bank will recruit 112 management associates and over 400 interns, emphasizing AI's role in enhancing employee training and project involvement. CEO Tan Su Shan highlighted the use of internal AI tools like CodeBuddy and DBS-GPT to support coding and development tasks.

DBS Bank to hire over 500 young talent in 2026 amidst AI push

MoneyMax Treasure, a subsidiary of MoneyMax Financial Services, has priced $30m in 5.00% fixed rate notes due 2028 under its $500m multicurrency medium-term note programme. The notes will be issued at 100.50% of their principal amount and are expected to be issued on 21 May 2026, maturing on 30 October 2028. Proceeds will be used for general corporate purposes, including refinancing and capital expenditure. DBS Bank is the lead manager for the issuance.

MoneyMax Fin

MoneyMax subsidiary prices $30m 5% notes due 2028

Companies pursuing low-carbon transition plans may incur higher costs in the short term due to the Iran war, according to OCBC's chief sustainability officer Mike Ng. This geopolitical situation necessitates a more strategic approach to decarbonisation investments and capital expenditure, as sustainability efforts are critical for energy security and resilience.

Costs of energy transition likely to go up over short term due to Iran war, says OCBC CSO

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Trade Showcase

$Amova Singapore STI ETF(G3B.SG)G3B – Bullish Momentum BuildingG3B is trading at 5.075 (+1.30%), showing strong buying interest and steady upward momentum.Price is pushing towards resistance, and a breakout could open the door for further upside.Key Levels: Resistance: 5.08 ~ 5.10 Support: 5.00 ~ 5.02Strategy: Watch for a clean break above 5.10 continuation move could follow quickly 🚀

Amova STI ETF SA

$Amova STI ETF SA(GAB.SG)successfully holding above the key 5.00 level. Movement is stable but slightly slower compared to ES3, indicating it is following the trend

$Amova Singapore STI ETF(G3B.SG)ETF held steady, trading in a tight range with support from banks and blue-chips.Momentum is positive,hopes to rebound recent highs

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📝 My Investment Diary – 14-Day Check-in Challenge!Turn your trades into stories! Join us in building a daily review habit, connecting with fellow investors, and winning cash rewards.📌 Event Introduction: <a href="https://longbridge.com/topics/100000000511982?channel=WHAB0001">https://longbridge.com/topics/100000000511982?channel=WHAB0001</a> <a href="https://longbridge.com/topics/100000000515732?channel=WHAB0001">https://longbridge.com/topics/100000000515732?channel=WHAB0001</a>📅 Event Period: Mar 9 – Mar 22, 2026✅ How to join: Post with【Day X – Your Headline】+ #MyInvestmentDiary, 30+ words on your daily operation or insights (screenshots encouraged)🎁 Rewards: 7 days → $10 | 10 days → $20 | 14 days → $30 ✨ 3 most insightful diaries each get an extra $10!🚀 Start your Day 1 diary now!

My Investment Diary

【Day 9 – Monitoring Market Consolidation &amp; Income Opportunities】#MyInvestmentDiaryOperation:Reviewing my positions,observing market momentum,support levels and dividend opportunities.Insights:Markets is in a mild consolidation phase$STI ETF(ES3.SG)$Amova Singapore STI ETF(G3B.SG)ES3 is holding up nicely around 4.9, and its steady dividend makes me feel comfortable sitting tight rather than chasing price moves$Sasseur Reit(CRPU.SG)CRPU is forming a base around 0.64 to 0.65,suggesting selling pressure is easing and a potential rebound may be on the horizon.Its consistent distributions continue to support a long-term holding strategy.$Daiwa Hse Log Tr(DHLU.SG)DHLU is particularly comforting in this environment. Its high dividend yield (~8%+) makes it a strong anchor in my portfolio, even when prices are moving sideways.Its distributions provide portfolio stability and a reliable income stream, especially during periods of market consolidation.This combination of ETFs, REITs, and dividend-focused holdings reinforces a strategy of patience, selective accumulation, and income compounding, rather than chasing short-term price swings.Strategy Going Forward:• HOLD ES3 &amp; G3B — monitor support and short-term momentum• HOLD CRPU — watch for base breakout signals• HOLD DHLU — leverage strong dividend yield as an income anchor• Adding small positions near support levels• Keep a long-term perspective and let compounding workPosition:

Daiwa Hse Log Tr

Sasseur Reit

【Day 8 – Staying Patient and Observing Market Signals】#MyInvestmentDiaryOperation: No trades today. Decided to stay on the sidelines and observe how the market developsInsights: Price action suggests the market is moving from a pullback into a stabilization phase, with early signs of a rebound. ETFs closed in the green, and buyers are stepping in near support — a sign that selling pressure is easing.$STI ETF(ES3.SG)ES3 closed at 4.918 (+1.19%), bouncing from 4.87 and forming higher intraday lows. This points to a potential short-term reversal, with 4.95–5.00 as the next resistance to watch.$Amova Singapore STI ETF(G3B.SG)G3B remains the stronger one, closing at 5.020 (+1.29%) and holding above 5.00. As long as it stays above this level, it supports the view that STI momentum is picking up.$Sasseur Reit(CRPU.SG)CRPU at 0.640 (+0.79%) is starting to stabilize after the recent drop. Selling pressure appears to be fading, with a base forming around 0.64–0.65.Overall, the market feels like it’s shifting from selling into early accumulation. This could be a turning point, but still needs confirmation.Strategy Going Forward:• HOLD ES3 &amp; G3B - momentum improving• HOLD CRPU - watch for base formation• Monitor key levels before adding• Stay patient and avoid chasingPosition:# My Investment Diary

Solidion Tech

$Amova Singapore STI ETF(G3B.SG)is tracking $STI ETF(ES3.SG)🚀, so planning to follow its lead. Their moves are closely correlated, which makes spotting entry and exit points effectively

Day 7 – Adding More G3B on Strength】#MyInvestmentDiaryOperation:Added more units of G3B today to further increase my exposure to the Singapore marketInsights:G3B tracks the Straits Times Index, offering diversified exposure to many of Singapore’s leading blue chip companies. The index is strongly supported by the three major banks, which continue to deliver solid earnings and reliable dividends. With a dividend yield of around 3 to 4%, the ETF remains attractive for investors seeking steady income alongside long term growth.Singapore’s stable economy and continued capital inflows into quality blue chip stocks also support the broader market outlook. If this positive momentum continues, G3B could potentially move toward the $5.30 to $5.80 range approx. by the end of 2026.My approach remains simple accumulate gradually, stay patient, and allow dividends and long term compounding to work over time.# My Investment Diary Position:$Amova Singapore STI ETF(G3B.SG)

【Day 4 – Adding G3B for Long-Term Exposure】#MyInvestmentDiaryOperation: Added $Amova Singapore STI ETF(G3B.SG)today to increase my exposure to the Singapore market.Insights: G3B tracks the Straits Times Index, which includes major blue-chip companies like Singapore’s big banks and other large corporates. The ETF offers good diversification and relatively stable dividend income. With strong bank performance and steady capital inflows into Singapore equities, the long-term outlook remains positive. If the overall market trend continues, I believe G3B could gradually move toward the $5.50–$6 range over the next few years.Position:

Recent geopolitical events—specifically the February 28, 2024–2026 escalation involving U.S. and Israeli strikes on Iran and the subsequent retaliatory attacks in the Gulf—have sent shockwaves through global markets.While these events create short-term volatility, they actually reinforce the &#34;Singapore Thesis&#34; for long-term investors. Why Singapore Wins in a Volatile WorldThe &#34;Neutral&#34; Safe Haven: As conflicts in the Middle East and Eastern Europe escalate, global capital is fleeing volatile regions. Singapore remains the top destination for &#34;flight to quality&#34; due to its political neutrality and the S-Dollar’s legendary stability.Energy Resilience: While the Iran conflict threatens the Strait of Hormuz, Singapore has diversified its energy imports (relying heavily on Malaysia and Indonesia) and maintains massive strategic reserves to buffer against price shocks.The Supply Chain &#34;Lifeboat&#34;: Disrupted trade routes are forcing companies to adopt a &#34;Middle East+1&#34; strategy. Singapore is the primary beneficiary, seeing record FDI as firms move regional headquarters to safer ground.Tech-Driven Growth: With a 2%–4% GDP growth forecast for 2026, the economy is being powered by the AI and semiconductor boom, making it less vulnerable to physical trade disruptions than commodity-based economies.$Amova Singapore STI ETF(G3B.SG)$Amova STI ETF SA(GAB.SG)