Daily Brief Singapore: CTR Holdings, First REIT, Wing Tai Holdings and more

• CTR Holdings is a Singapore-based contractor specializing in structural engineering and wet architectural works, primarily serving public and private sector projects in Singapore.
• The company has demonstrated remarkable revenue and net income growth over the past three years, however, this has been accompanied by significant margin compression and a declining stock price.
• While the forward outlook for the construction sector in its key markets shows moderate growth, the industry is characterized by intense competition, rising costs, and sensitivity to economic cycles, posing significant risks to sustained profitability.

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• Six S-REITs reported growth in distributable income due to higher gross revenue, net property income, and decreased borrowing costs.
• Digital Core REIT and Keppel DC REIT saw significant increases in NPI and distributable income, driven by acquisitions and demand.
• Frasers Centrepoint Trust, Suntec REIT, and OUE REIT reported improved DPU, supported by stronger operational performance and lower financing costs.

• Institutions were net buyers of Singapore stocks with a S$57 million inflow, reversing a previous S$167 million outflow.
• Eleven companies conducted share buybacks totaling S$13.6 million; United Overseas Bank led with 300,000 shares at S$34.57.
• CapitaLand India Trust’s 3Q 2025 update is due Oct 31; recent divestments aim to enhance financial flexibility.