STI Adds 0.30% to 5,760.59 as Keppel, Sembcorp Industries Lead; DBS Diverges as OCBC, UOB Slip

Monday, 17 August 2026 · Longbridge Singapore

The Straits Times Index closed at 5,760.59 on Monday, up 17.0 points, or 0.30%, after trading between an intraday low of 5,679.10 and a high of 5,761.97, finishing near the session's high. Advancers led decliners 13 to 10 among the benchmark's 30 constituents, with seven unchanged, as energy and infrastructure-linked names outpaced a divided banking sector.

The advance centred on company-specific catalysts rather than a single macro trigger. Keppel and Sembcorp Industries, both tied to fresh updates on asset monetisation and overseas expansion, led the gainers alongside Yangzijiang Shipbuilding, up 1.95%. The three local banks split for a second straight session, this time in the opposite direction from Friday: DBS advanced 1.79% while OCBC fell 0.75% and UOB fell 1.6%, reversing the pattern in which OCBC and UOB had led and DBS had lagged. Breadth aligned with the index's direction for the fourth time in the past five sessions, following similar alignment on Aug. 11, 12 and 14; only Aug. 13 broke the pattern, when just six stocks advanced against nineteen decliners even as the index closed roughly flat.

Session Movers

Keppel (BN4.SG, +3.04%) rose after an Aug. 13 investor presentation set a target of US$200 billion in funds under management by end-2030, up from US$106 billion in July, alongside a US$29 billion infrastructure deal-flow pipeline and a US$2.1 billion pipeline for monetising legacy rigs; first-half 2026 net profit reached US$530 million on a 15% annualised ROE. The stock also carries an Aug. 11 catalyst, after its Kruger Holdings unit secured an IMDA facilities-based operator licence for a subsea cable system linking Singapore, Malaysia, Bangladesh, India and Oman with a landing at Tuas, targeting a final investment decision by end-2026. Keppel trades at 1.86 times book value, within its five-year range, with a consensus Buy rating and an S$12.74 target implying about 11% upside.

Sembcorp Industries (U96.SG, +2.4%) advanced on news that its Indian renewable-energy subsidiary, Sembcorp Green Infra, is preparing to list in India and raise about $500 million, backed by Temasek and working with several investment banks toward a possible draft filing as early as this month — its second attempt at an India listing. CGS International reaffirmed a Buy rating on the stock on Aug. 15 with an S$7.15 target. The consensus rating stands at Buy with an S$6.63 target, about 11% above the current price.

DBS (D05.SG, +1.79%) rose after its Hong Kong unit reported interim results on Aug. 15 showing revenue up 14% year-on-year to HK$11.9 billion and net profit up 23% to a record HK$6.3 billion, with wealth management revenue surging 38%; the unit said mainland clients account for less than 30% of assets under management, limiting the impact of Beijing's crackdown on illegal cross-border capital flows. The gain lifted DBS to S$76.88, above the S$75.38 consensus target price set just a day earlier on Aug. 16.

Wilmar (F34.SG, -2.13%) fell despite reporting on Aug. 14 that first-half net profit rose 2.3% to $779.4 million on a 17.2% revenue increase to $49.36 billion, driven by the AWL Agri Business consolidation; Feed & Industrial pre-tax profit surged 55% and Food Products profit rose 56%, while Plantation & Sugar Milling profit fell 32% on weak sugar prices and impairments. The company also approved a $0.05-per-share interim dividend. Shares have drifted lower since the results, with thin trailing net margins of around 1.9% cited as a persistent overhang.

One point worth noting

DBS's advance carried the stock to S$76.88, above the S$75.38 consensus target price analysts had set just a day earlier, meaning the rally has pushed the most closely-watched of the three banks past where its own coverage expects it to trade. That marks a reversal from Friday, when DBS was the laggard among the banks while OCBC and UOB led; it is now the one trading richest relative to consensus.

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

STI收报5,760.59点涨0.30%，吉宝、胜科工业领涨，星展逆势上涨华侨银行、大华银行走低

2026年8月17日星期一 · 长桥新加坡

海峡时报指数周一收报5,760.59点，涨17.0点，涨幅0.30%，全天在5,679.10至5,761.97点之间震荡，收盘接近全日高点。30只成分股中13只上涨、10只下跌、7只持平，上涨家数领先下跌家数，能源与基建类股跑赢分化的银行板块。

这轮上涨更多由个股层面的催化剂驱动，而非单一宏观因素。吉宝（Keppel）与胜科工业（Sembcorp Industries）均受资产处置与海外扩张的最新进展带动领涨，扬子江船业（Yangzijiang Shipbuilding）涨1.95%同步走高。三大银行连续第二个交易日呈现分化，且方向与上周五完全相反：星展银行涨1.79%，华侨银行跌0.75%、大华银行跌1.6%，此前上周五则是华侨银行、大华银行上涨而星展银行走低。广度与指数方向保持一致，为最近五个交易日中第四次出现这一模式，此前8月11日、12日及14日均是如此；唯有8月13日打破了这一规律，当日仅6只股票上涨、19只下跌，指数却几乎收平。

个股焦点

吉宝（Keppel，BN4.SG，+3.04%）上涨，此前公司8月13日发布的投资者简报设定到2030年底管理资产规模（FUM）达2000亿美元的目标，较今年7月的1060亿美元大幅提升，并披露290亿美元的基建交易管道及21亿美元的旧式钻井平台变现管道；公司上半年净利润达5.3亿美元，年化ROE为15%。此外，8月11日其Kruger Holdings子公司获IMDA设施运营商牌照，将运营一条连接新加坡、马来西亚、孟加拉、印度及阿曼、并于大士登陆的海底电缆系统，目标在2026年底前完成最终投资决定。该股目前市净率1.86倍，处于近5年合理区间，共识评级「买入」，目标价12.74新元，较现价约有11%上行空间。

胜科工业（Sembcorp Industries，U96.SG，+2.4%）上涨，消息面上其印度可再生能源子公司Sembcorp Green Infra正筹备在印度上市，计划募资约5亿美元，由淡马锡支持并与多家投行合作，最快本月提交上市申请草案——这将是该子公司第二次尝试上市。建银国际（CGS International）8月15日重申「买入」评级，目标价7.15新元。共识评级为「买入」，目标价6.63新元，较现价约有11%上行空间。

星展银行（DBS，D05.SG，+1.79%）上涨，此前其香港子公司8月15日公布中期业绩，显示营收同比增长14%至119亿港元，净利润增长23%至创纪录的63亿港元，财富管理业务收入激增38%；该行称内地客户占资产管理规模比例不到30%，因此受内地打击非法跨境资金流动的影响有限。此轮上涨使星展银行收报76.88新元，高于分析师8月16日刚设定的共识目标价75.38新元。

丰益国际（Wilmar，F34.SG，-2.13%）下跌，尽管公司8月14日公布上半年净利润同比增长2.3%至7.794亿美元，营收因整合AWL Agri Business业务而增长17.2%至493.6亿美元；饲料与工业产品税前利润激增55%，食品业务利润增长56%，但种植与制糖业务利润因糖价疲软及减值损失下滑32%。公司同时批准每股5分的中期股息。财报公布后股价持续走低，市场持续关注其约1.9%的偏低净利润率。

一个值得注意的点

星展银行此轮上涨使股价升至76.88新元，高于分析师前一天（8月16日）刚设定的共识目标价75.38新元，意味着这只三大银行中关注度最高的个股，涨势已超过分析师普遍预期的合理区间。这与上周五的情形相反——当时星展银行是三行中表现最弱的一只，而华侨银行、大华银行领涨；如今星展银行则成为相对共识估值最贵的一只。

本文仅供参考，不构成任何投资建议。

STI收盤報5,760.59點漲0.30%，吉寶、勝科工業領漲，星展逆勢上漲華僑銀行、大華銀行走低

2026年8月17日星期一 · 長橋新加坡

海峽時報指數週一收盤報5,760.59點，漲17.0點，漲幅0.30%，全天在5,679.10至5,761.97點之間震盪，收盤接近全日高點。30檔成分股中13檔上漲、10檔下跌、7檔持平，上漲家數領先下跌家數，能源與基建類股表現優於分化的銀行板塊。

這輪上漲較多由個股層面的催化劑帶動，而非單一總體因素。吉寶（Keppel）與勝科工業（Sembcorp Industries）均受資產處置與海外擴張的最新進展帶動領漲，揚子江船業（Yangzijiang Shipbuilding）漲1.95%同步走高。三大銀行連續第二個交易日呈現分化，且方向與上週五完全相反：星展銀行漲1.79%，華僑銀行跌0.75%、大華銀行跌1.6%，此前上週五則是華僑銀行、大華銀行上漲而星展銀行走低。廣度與指數方向保持一致，為最近五個交易日中第四次出現此一模式，此前8月11日、12日及14日均是如此；唯有8月13日打破了這項規律，當日僅6檔股票上漲、19檔下跌，指數卻幾乎收平。

個股焦點

吉寶（Keppel，BN4.SG，+3.04%）上漲，此前公司8月13日發布的投資人簡報設定到2030年底管理資產規模（FUM）達2000億美元的目標，較今年7月的1060億美元大幅提升，並揭露290億美元的基建交易管道及21億美元的舊式鑽井平台變現管道；公司上半年淨利潤達5.3億美元，年化ROE為15%。此外，8月11日其Kruger Holdings子公司獲IMDA設施營運商牌照，將營運一條連接新加坡、馬來西亞、孟加拉、印度及阿曼、並於大士登陸的海底電纜系統，目標在2026年底前完成最終投資決定。該股目前股價淨值比1.86倍，處於近5年合理區間，共識評等「買進」，目標價12.74新元，較現價約有11%上漲空間。

勝科工業（Sembcorp Industries，U96.SG，+2.4%）上漲，消息面上其印度再生能源子公司Sembcorp Green Infra正籌備在印度上市，計劃募資約5億美元，由淡馬錫支持並與多家投行合作，最快本月提交上市申請草案——這將是該子公司第二次嘗試上市。建銀國際（CGS International）8月15日重申「買進」評等，目標價7.15新元。共識評等為「買進」，目標價6.63新元，較現價約有11%上漲空間。

星展銀行（DBS，D05.SG，+1.79%）上漲，此前其香港子公司8月15日公佈中期業績，顯示營收按年增長14%至119億港元，淨利潤增長23%至創紀錄的63億港元，財富管理業務收入激增38%；該行稱內地客戶佔資產管理規模比例不到30%，因此受內地打擊非法跨境資金流動的影響有限。此輪上漲使星展銀行收報76.88新元，高於分析師8月16日剛設定的共識目標價75.38新元。

豐益國際（Wilmar，F34.SG，-2.13%）下跌，儘管公司8月14日公佈上半年淨利潤按年增長2.3%至7.794億美元，營收因整合AWL Agri Business業務而增長17.2%至493.6億美元；飼料與工業產品稅前利潤激增55%，食品業務利潤增長56%，但種植與製糖業務利潤因糖價疲軟及減值損失下滑32%。公司同時核准每股5分的中期股息。財報公佈後股價持續走低，市場持續關注其約1.9%的偏低淨利潤率。

一個值得注意的點

星展銀行此輪上漲使股價升至76.88新元，高於分析師前一天（8月16日）剛設定的共識目標價75.38新元，意味著這檔三大銀行中關注度最高的個股，漲勢已超過分析師普遍預期的合理區間。這與上週五的情形相反——當時星展銀行是三行中表現最弱的一檔，而華僑銀行、大華銀行領漲；如今星展銀行則成為相對共識估值最貴的一檔。

本文僅供參考，不構成任何投資建議。