In today’s briefing:
- FY 2025 Marks Shrinking Margins For Indian Tire Majors
- REIT Watch – Keppel DC REIT scheduled to join STI from 23 June
- The Broader Beat: Market Movers Beyond the Benchmark
- Ongoing Share Purchases by Dr Ng in Q&M
FY 2025 Marks Shrinking Margins For Indian Tire Majors
- MRF stages recovery in margin in Q4, others suffer
- CEAT breaches US$1.51 billion for the first time in revenue in FY25
- High raw material costs eat into profits of majors
REIT Watch – Keppel DC REIT scheduled to join STI from 23 June
- Keppel DC REIT re-enters the STI, increasing S-REITs’ combined weight to over 10%, with a market cap of S$4.9 billion.
- In 1Q 2025, Keppel DC REIT’s distributable income rose 59.4% year-on-year, with a 14.2% increase in distribution per unit.
- Keppel DC REIT’s 2024 acquisitions included Tokyo Data Centre 1 and two AI-ready hyperscale data centres in Singapore.
The Broader Beat: Market Movers Beyond the Benchmark
- The STI generated a 6.5% total return for 2025 to June 6, with an annualised return of 8.5%.
- SIA Engineering and Singapore Land Group achieved highest gains among non-STI stocks with market capitalisation above S$3 billion.
- Sheng Siong Group reported a 15% total return for 2025 to June 6, with increased revenue and net profit.
Ongoing Share Purchases by Dr Ng in Q&M
- Institutions were net sellers of Singapore stocks with a S$32 million outflow, totaling S$1.76 billion year-to-date.
- 19 companies conducted share buybacks totaling S$46 million; City Developments announced a 10% preference share buyback.
- Directors and CEOs filed 13 acquisitions with no disposals; substantial shareholders filed 11 acquisitions and five disposals.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
