Morning Wrap | ComfortDelGro Net Profit up 19% to S$48.3 Million
Good morning mooers! Here are things you need to know about today's Singapore markets:
- Singapore shares opened higher on Thursday
- Stock Indexes Remain Stable with Little Change
- Singapore Life Insurance Industry Sees 10.9% Growth in Q1 2025 Premiums
- Stocks to watch: ComfortDelGro, Singapore Post and etc.
- Latest Share Buy Back Transactions.
Market Snapshot
Singapore shares opened higher on Thursday:
Today's Volume / Value: 49.47M / S$77.78M
Advancers / Decliners: 46 / 40
US
Stock Indexes Remain Stable with Little Change
Stock indexes remained stable with little changes because there was no new tariff news. This was a rare period of calm since President Trump's import-duty announcement on April 2.
The $Nasdaq Composite Index (.IXIC.US)$ led the way higher, rising 136.72 points (0.7%) to 19,146.81. Meanwhile, the $S&P 500 Index (.SPX.US)$ inched up 6.03 ticks (0.1%) to 5,892.58, but the $Dow Jones Industrial Average (.DJI.US)$ slackened by 89.37 points (0.2%) to 42,051.06.
Breaking News
Singapore Life Insurance Industry Sees 10.9% Growth in Q1 2025 Premiums
Singapore's life insurance industry experienced a 10.9% YoY growth in weighted new business premiums in Q1 2025, reaching S$1.48 billion, according to LIA Singapore.
Singapore Tech Spending to Rise 5.6% to S$25.5b in 2025
Singapore's technology spending will rise by 5.6% in 2025 to S$25.5 billion, driven by AI adoption and digital infrastructure investment under the Digital Connectivity Blueprint.
Stocks to Watch
$ComfortDelGro (C52.SG)$'s net profit rose 19% to S$48.3 million in Q1 due to last year's acquisitions and better margins. Revenue grew 16.4% to S$1.2 billion, while operating costs rose by 15%.
$SingPost (S08.SG)$ Singapore Post's net profit in the second half ending Mar 31 jumped 232.7 per cent to S$222.5 million from S$66.9 million in the prior year.
$Venture (V03.SG)$'s net profit decreased by 7% to S$55.9 million in Q1 2025 from S$60.1 million in Q1 2024.
$Centurion (OU8.SG)$ Centurion's revenue increased by 13% to S$69 million in the first quarter ending on March 31, compared to S$61.1 million in the same period last year.
$Golden Agri-Res (E5H.SG)$ first quarter net profit rose 47% year-over-year to US$55 million.
$GS Hldg (43A.SG)$ acquired ODN on May 13 for S$11.8 million, using a mix of shares and cash. It issued $6.3 million in new shares at S$0.0379 per share.
Share Buy Back Transactions
Source: Business Times, SGinvestors.io, Business Review
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