In today’s briefing:
- Grab Holdings’ Fintech Gamble: Will Its Banking Bet Finally Pay Off by 2026?
- EU Replacement Tire Market Shows Mixed Trend Amid Import Pressures
- REIT Watch – S-REITs with Singapore office assets post resilient 1Q 2025 amid positive rent reversions and high occupancy
- 2025 Sees Strong Start to Share Buybacks
- Independent Director Chua Kee Lock Acquires Venture Shares on Open Market
Grab Holdings’ Fintech Gamble: Will Its Banking Bet Finally Pay Off by 2026?
- The recent earnings of Grab Holdings Limited for the first quarter of 2025 presented a mixed picture of the company’s performance and strategic outlook.
- On the positive side, Grab reported robust growth, with a 17% year-over-year increase in on-demand Gross Merchandise Value (GMV) and a record number of monthly transacting users.
- This growth translated into another quarter of record revenues.
EU Replacement Tire Market Shows Mixed Trend Amid Import Pressures
- Q1 2025 sees 14% YoY surge in all-season consumer tire sales
- Truck and bus tire sales volumes in Q1 2025 fall 4% YoY
- Imports of PCLT tires grow by 12% YoY in Jan-Feb 2025
REIT Watch – S-REITs with Singapore office assets post resilient 1Q 2025 amid positive rent reversions and high occupancy
- Six S-REITs with Singapore office exposure reported positive rental reversions, with Keppel REIT achieving 10.6% growth.
- Occupancy rates remained high, with Suntec REIT at 98.7% and LREIT’s Jem office fully occupied.
- Limited new office supply in Singapore’s CBD from 2025-2027 is expected to support rental stability.
2025 Sees Strong Start to Share Buybacks
- In the first five months of 2025, 63 primary-listed companies conducted S$930 million in share buybacks, up 84% from 2024.
- UOB led May buybacks with S$144 million, followed by DBS at S$18 million and Olam Group at S$6 million.
- STI Banks accounted for 77% of 2025 buybacks, with DBS, UOB, and OCBC launching significant buyback programs.
Independent Director Chua Kee Lock Acquires Venture Shares on Open Market
- Institutions were net sellers of Singapore stocks with a S$2 million outflow, totaling S$1.73 billion for 2025.
- Telecommunications and REITs saw highest net outflows; Financial Services and Industrials experienced significant net inflows.
- 18 companies conducted share buybacks totaling S$45 million; Hongkong Land repurchased 1,563,300 shares at US$5.24 each.
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