Good morning moomooers! Here are things you need to know about today's Singapore:

• Singapore stocks fell in early trade; STI down 0.14%
  

• Singapore to set up a global maritime decarbonisation centre: Ong Ye Kung

• Nanofilm seeks opportunities in hydrogen with Temasek joint venture

• Olam plans to issue S$100m 5.375% perps

• Stocks to watch: Nanofilm, Kep Infra Trust, Neo Group, Olam, Econ Healthcare

-Moomoo News SG

Market Trend

Singapore stocks fell in early trade on Tuesday morning.

$FTSE Singapore Straits Time Index(.STI.SG)$ decreased by 0.14 per cent or 4.62 point to 3,205.10 as at 9.05 am.

Breaking News

Singapore to set up a global maritime decarbonisation centre: Ong Ye Kung

The Maritime and Port Authority of Singapore (MPA) will set up a global maritime decarbonisation centre upon the proposal of the International Advisory Panel on Maritime Decarbonisation, Minister for Transport Ong Ye Kung said.

At the launch of Singapore Maritime Week on Monday, Mr Ong said the International Advisory Panel on Maritime Decarbonisation has proposed the establishment of a global maritime decarbonisation centre in Singapore, where a cluster of like-minded stakeholders can coordinate, drive and catalyse maritime decarbonisation solutions.

Nanofilm seeks opportunities in hydrogen with Temasek joint venture

Mainboard-listed $Nanofilm(MZH.SG)$ has entered into a non-binding term sheet for a joint venture with Temasek to tap opportunities in the hydrogen energy economy.

Sydrogen Energy, the joint venture between the nanotechnology solutions provider and Temasek subsidiary Venezio Investments, will apply Nanofilm's advanced materials surface solutions to critical components in fuel cell and electrolyser systems.

Olam plans to issue S$100m 5.375% perps

Agri-food giant $OLAM INTL(OLMIF.US)$ plans to issue S$100 million of perpetual securities, which will be consolidated with its existing S$250 million perps issued on Jan 18. Together, these issuances will form a single series.

Stocks to watch

$Nanofilm(MZH.SG)$: The mainboard-listed tech manufacturer has entered into a non-binding term sheet for a joint venture with Temasek to tap opportunities in the hydrogen energy economy. Nanofilm is expected to hold a majority stake in Sydrogen with board control, but the term sheet is not legally binding and subject to further negotiations between the parties. Shares of Nanofilm closed at S$5.20 on Monday before the announcement, up S$0.03 or 0.6 per cent.

$Kep Infra Tr(A7RU.SG)$: The trust saw a 15.6 per cent increase in operational cash flow in the first quarter, buoyed by strong year-on-year performance of infrastructure asset Ixom, as well as the trust's acquisition of Philippine Coastal Storage & Pipeline Corporation. KIT units closed at S$0.54 on Monday before the announcement, down S$0.01 or 1.8 per cent.

$Neo(5UJ.SG)$: The offer for the Catalist-listed food caterer has turned unconditional, after the offeror received valid acceptances amounting to 91.2 per cent of all shares. The closing date of the offer has been extended to 5.30pm on May 25, 2021. Shares of Neo Group closed flat at 60.5 Singapore cents on Monday, before the announcement. The SGX-ST will suspend trading of the shares only at the close of the offer.

$OLAM INTL(OLMIF.US)$: The agrifood giant plans to issue S$100 million of its 5.375 per cent perpetual securities on April 26. The new perps will be consolidated with the group's existing S$250 million perps issued on Jan 18. Together, these issuances will form a single series. Olam shares closed flat at S$1.73 on Monday, before the announcement.

$Econ Healthcare(EHG.SG)$: The private nursing home operator on Monday closed 3.6 per cent higher than its initial public offering price of S$0.28 upon relisting on the Catalist board of the Singapore Exchange. The counter ended the day at S$0.29, with some 16.6 million shares changing hands throughout the course of the day.