EN · 简体 · 繁體

STI Slips 0.30% to 5,611.75 as CapitaLand Investment Leads Gains and SATS Paces Declines

· Longbridge Singapore

The Straits Times Index closed at 5,611.75 on Tuesday, down 16.75 points, or 0.30%, after ranging between 5,603.01 and 5,633.84 during the session. Decliners narrowly outnumbered advancers across the benchmark's 30 constituents, 12 lower against 11 higher and seven unchanged, with CapitaLand Investment leading the session's gains and SATS leading the losses.

The pullback was concentrated in transport and offshore-marine names: Singapore Airlines fell 1.69%, Wilmar dropped 1.52%, and Seatrium and Yangzijiang Shipbuilding each eased close to 1%, pausing after recent gains. Property and industrial counters provided the session's support, led by CapitaLand Investment, Venture and ST Engineering, while the three local banks were mixed rather than moving as a bloc — DBS added 0.07% and UOB rose 0.49%, while OCBC slipped 0.52%.

Session Movers

CapitaLand Investment (9CI.SG, +2.63%) led Tuesday's gainers with no fresh company-specific news during the session, extending a move that traces back to July 24's launch of the RMB 3.15 billion CapitaLand Preferred REIT — the largest foreign-institutional REIT of its kind, backed by the Shanghai Xintiandi Crystal Plaza complex and subscribed by a group of banks, insurers and wealth managers, 10 of 11 investing for the first time. The launch came even as separately reported merger talks between CapitaLand Investment and Frasers Property remained stalled over valuation and post-merger leadership differences. The stock trades at 1.06 times book, at the top of its own three-year range (median 0.96, industry median 0.89), with a consensus Strong Buy rating and a S$3.40 target implying about 24% upside.

SATS (S58.SG, -2.29%) led the session's declines with no fresh company-specific news Tuesday, ahead of a first-quarter business update due August 19 after market close, covering the quarter ended June 30. The stock remains within a stretch flagged in mid-July, when a Middle East-driven rebound in oil prices weighed on Singapore's transport and aviation-linked names, even as SGX-tracked data showed the broader industrials complex — led by transport names including SATS — drawing S$170 million in net institutional inflows between June 30 and July 11. SATS trades at 2.6 times book, in the middle of its ten-year range (high 3.16, low 1.80, median 2.53), with a consensus Strong Buy rating and a S$4.95 target implying about 5% upside.

One point worth noting

For a fourth straight session, Singapore's three banks did not move together, though the shape of the split shifted: DBS rose 0.07% and UOB added 0.49%, while OCBC slipped 0.52% — the first session in the run where two of the three banks moved in the same direction, rather than one lone mover splitting off from the other two. Four sessions in, the trio has yet to trade as a single bloc.

This recap is for informational purposes only and does not constitute investment advice.

STI收跌0.30%报5,611.75点，凯德投资领涨、胜科机场服务领跌

· 长桥新加坡

海峡时报指数周二收报5,611.75点，跌16.75点，跌幅0.30%，全天交投区间5,603.01至5,633.84点。30只成分股中12只下跌、11只上涨、7只持平，跌涨家数接近；凯德投资领涨，胜科机场服务领跌。

跌幅集中在交通运输与海事工程板块：新加坡航空跌1.69%，丰益国际跌1.52%，Seatrium与扬子江船业在此前连续上涨后分别回落约0.9%、0.75%。地产与工业类股票提供支撑，凯德投资、Venture与新科工程领涨；三大银行股则表现分化而非同向而动——星展上涨0.07%、大华上涨0.49%，华侨银行下跌0.52%。

个股焦点

凯德投资（CapitaLand Investment，9CI.SG，+2.63%）周二并无新的公司层面消息，仍是全场涨幅最大个股，延续的是7月24日设立人民币31.5亿元「凯德优选」REITs的后续效应——该产品是规模最大的外资机构REITs，底层资产为上海新天地凯德晶萃广场综合体项目，获多家银行、保险、财富管理机构认购，11名投资者中有10名为首次参与。与此同时，市场此前报道的凯德投资与星狮地产（Frasers Property）并购谈判，因估值与合并后管理层安排等分歧仍处于停滞状态。该股目前市净率1.06倍，处于自身三年区间高位（中位数0.96，行业中位数0.89），分析师共识给予「强力买入」评级，目标价3.40新元，隐含约24%上行空间。

胜科机场服务（SATS，S58.SG，-2.29%）周二并无新的公司层面消息，为全场跌幅最深个股，此前公司已预告将于8月19日盘后发布截至6月30日止季度的首季业务更新。该股仍处于7月中旬以来的弱势区间内——当时中东冲突再度升温推高油价，令新加坡交通运输与航空相关股票承压；不过新交所同期披露的机构资金流数据显示，以新加坡航空、SATS等交通股为首的工业板块在6月30日至7月11日期间录得1.7亿新元的机构资金净流入。该股目前市净率2.6倍，处于近十年区间中段（高点3.16、低点1.80、中位数2.53），分析师共识给予「强力买入」评级，目标价4.95新元，隐含约5%上行空间。

一个值得注意的点

三大银行股已连续第四个交易日未能同向而动，但今日的分化形态与此前不同：星展上涨0.07%、大华上涨0.49%，华侨银行下跌0.52%——这是这轮分化以来首次出现两家银行同向而动，而非此前连续三日「一家掉队、另两家同向」的模式。四个交易日过去，三大银行仍未能同步交易。

本文仅供参考，不构成任何投资建议。

STI收跌0.30%報5,611.75點，凱德投資領漲、勝科機場服務領跌

· 長橋新加坡

海峽時報指數週二收報5,611.75點，跌16.75點，跌幅0.30%，全天交易區間5,603.01至5,633.84點。30檔成分股中12檔下跌、11檔上漲、7檔持平，跌漲家數相近；凱德投資領漲，勝科機場服務領跌。

跌幅集中在交通運輸與海事工程板塊：新加坡航空跌1.69%，豐益國際跌1.52%，Seatrium與揚子江船業在先前連續上漲後分別回落約0.9%、0.75%。地產與工業類股票提供支撐，凱德投資、Venture與新科工程領漲；三大銀行股則呈現分化而非同向而動——星展上漲0.07%、大華上漲0.49%，華僑銀行下跌0.52%。

個股焦點

凱德投資（CapitaLand Investment，9CI.SG，+2.63%）週二並無新的公司層面消息，仍是全場漲幅最大個股，延續的是7月24日設立人民幣31.5億元「凱德優選」REITs的後續效應——該產品是規模最大的外資機構REITs，底層資產為上海新天地凱德晶萃廣場綜合體專案，獲多家銀行、保險、財富管理機構認購，11名投資者中有10名為首次參與。與此同時，市場先前報導的凱德投資與星獅地產（Frasers Property）併購談判，因估值與合併後管理層安排等分歧仍處於停滯狀態。該股目前股價淨值比1.06倍，處於自身三年區間高位（中位數0.96，產業中位數0.89），分析師共識給予「強力買進」評等，目標價3.40新元，隱含約24%上行空間。

勝科機場服務（SATS，S58.SG，-2.29%）週二並無新的公司層面消息，為全場跌幅最深個股，此前公司已預告將於8月19日盤後發布截至6月30日止季度的首季業務更新。該股仍處於7月中旬以來的弱勢區間內——當時中東衝突再度升溫推高油價，令新加坡交通運輸與航空相關股票承壓；不過新交所同期揭露的機構資金流數據顯示，以新加坡航空、SATS等交通股為首的工業板塊在6月30日至7月11日期間錄得1.7億新元的機構資金淨流入。該股目前股價淨值比2.6倍，處於近十年區間中段（高點3.16、低點1.80、中位數2.53），分析師共識給予「強力買進」評等，目標價4.95新元，隱含約5%上行空間。

一個值得注意的點

三大銀行股已連續第四個交易日未能同向而動，但今日的分化形態與此前不同：星展上漲0.07%、大華上漲0.49%，華僑銀行下跌0.52%——這是這輪分化以來首次出現兩家銀行同向而動，而非此前連續三日「一家掉隊、另兩家同向」的模式。四個交易日過去，三大銀行仍未能同步交易。

本文僅供參考，不構成任何投資建議。