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Key Takeaways:

• Singapore Shares Opened Lower on Thursday

• Wall Street Retreats from Record Highs on Nvidia Pullback, Rising Oil Prices

• Singapore Leads World in Data Centre Power Efficiency With 0.2% Grid Loss

• Stocks to Watch: Wilmar International, Vin's Holdings, etc.

📌 Market Snapshot

Today's Volume / Value: 37.40M / S$63.02M

Advancers / Decliners: 38 / 101

🇺🇸 Wall Street Summary

Wall Street Retreats from Record Highs on Nvidia Pullback, Rising Oil Prices

All three major U.S. stock indexes all pulled back from record levels on Wednesday, snapping a week-long winning streak, as the $Dow Jones Industrial Average (.DJI.US)$ shed 620.72 points (1.2%) to close at 50,687.07, the $Nasdaq Composite Index (.IXIC.US)$ lost 239.93 points (0.9%) to 26,853.98, and the $S&P 500 Index (.SPX.US)$ eased 56.10 points (0.7%) to 7,553.68.

The selloff was driven by a retreat in tech heavyweights including $NVIDIA (NVDA.US)$ (off 3.6%), $Microsoft (MSFT.US)$ (off 3.2%) and $Amazon (AMZN.US)$ (2.5% lower), while geopolitical tensions added to the negative tone as $Crude Oil Futures (SEP6) (CLmain.US)$ surged 2.7% to $96.31 a barrel after Iranian drone and missile strikes on Kuwait's international airport, and a strong ADP jobs report dampened hopes for a Fed rate cut.

🇸🇬 Breaking News

Singapore Tops Global Data Centre Efficiency With 0.2% Grid Transmission Loss Rate

Singapore has been ranked the world's most power-efficient data centre market with a grid transmission loss rate of just 0.2%, far ahead of Texas (1.2%) and Virginia (1.4%), according to Cushman and Wakefield's report covering 107 markets. The low loss rate reflects minimal grid stress, directly benefiting data centre uptime and reliability. Meanwhile, rising demand from neocloud operators supporting AI workloads and government-led AI initiatives are driving further data centre growth across Asia Pacific.

Singapore Firms Pouring Money Into AI With Little ROI Measurement, IDC Finds

Singapore organisations are rapidly increasing AI investment, but an IDC InfoBrief commissioned by Expereo found that 32% are investing aggressively with little evaluation, driven by fear of being left behind, while another 41% lack structured ROI analysis. Although 35% report AI exceeding expectations, underperformers cite weak performance, high costs, and poor training data. Cost remains the top barrier among non-adopters (83%), and rising concerns include AI-related security risks and loss of cost visibility.

🔔 Stocks to Watch

$Wilmar Intl (F34.SG)$ and TGI Group have agreed to combine their operations in Nigeria and the Republic of Benin into a 50:50 joint venture through a Singapore-based holding company. The venture spans agriculture, food manufacturing, and distribution, targeting an addressable market of over S$15.26 billion. Completion is expected by end-2026, subject to regulatory approvals.

$Vins Holdings (VIN.SG)$ has completed a special investigation confirming fraud risk indicators linked to a former senior employee who bypassed internal controls. The company reached a S$44,300 settlement and has since strengthened measures including pre-employment due diligence, conflict-of-interest declarations, and segregation of duties across procurement and payment processes. The external auditor confirmed no material impact on FY2025 financial statements.

$Del Monte Pac (D03.SG)$ has filed a US$1.2 billion debt restructuring plan after its former US subsidiary, Del Monte Foods, entered Chapter 11 bankruptcy in July 2025. The bankruptcy led to a US$703.5 million impairment, pushing the company into negative stockholders' equity.

$AMTD IDEA OV (HKB.SG)$ has acquired a Grade A office building at 40 Furnival Street in Midtown London for US$17 million, funded internally without external financing. The approximately 9,650 sq ft property will serve as the global headquarters for AMTD, The Art Newspaper, and L'Officiel.

$ESR REIT (9A4U.SG)$ has set up a S$2 billion Euro Medium Term Securities Programme with OCBC as the arranger. The proceeds will be directed toward refinancing existing borrowings, funding acquisitions and asset enhancement initiatives, and supporting general working capital needs.

🧾 Share Buy Back Transactions

Source: Business Times, SGinvestors.io, Business Review, Poems

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