STI Slips 0.15% to 5,680.69 as Early Advance Fades; Seatrium Leads Decline, SATS Snaps Two-Day Slide

Monday, 24 August 2026 · Longbridge Singapore

The Straits Times Index closed at 5,680.69 on Monday, down 8.27 points, or 0.15%, after an early advance that lifted the benchmark as much as 0.47% to an intraday high of 5,715.47 gave way to a slide through the session to a low of 5,673.71 — briefly erasing the day's entire gain — before a partial recovery into the close. Among the benchmark's 30 constituents, advancers and decliners finished evenly split at 15 apiece, leaving the modest index-level loss driven by a handful of steeper decliners rather than a broad pullback.

The session opened firmer, tracking a similarly stronger start in Hong Kong; the FTSE Straits Times Index itself opened up about 0.3% to 5,705.80, with Singapore's broader market seeing 128 advancers against 76 decliners in early trading, according to Monday's market-open coverage. That early breadth narrowed through the day: the close saw an even 15-15 split among the 30 components, with the steepest losses concentrated in Seatrium (-2.79%), DFI Retail (-1.91%) and Jardine Matheson (-1.12%) — moves large enough, in a handful of names, to tip the cap-weighted index into the red even as gains and losses across the broader basket roughly balanced out.

Session Movers

Wilmar International (F34.SG, +1.35%) was among the session's better performers, having briefly led the broader market's gainers, up as much as 1.89% earlier in the day, according to Monday's market-open coverage. The counter continues to work through its Aug. 14 first-half results — net profit up 2.3% to $779.4 million on a 17.2% revenue rise to $49.36 billion, aided by the consolidation of AWL Agri Business, with Feed & Industrial Products pre-tax profit up 55% and Food Products profit up 56% against a 32% decline at Plantation & Sugar Milling on weak sugar prices — alongside an approved interim dividend of $0.05 per share. The group also disclosed on Aug. 12 the sale of 50% stakes in two China Kellogg joint ventures to Mars Wrigley for $60 million. Shares trade at 12.61 times earnings, cheaper than roughly 54% of the past year, with a consensus Buy rating and a S$3.85 target implying about 2.4% upside.

Seatrium (5E2.SG, -2.79%) was the session's weakest constituent, giving back part of the rally that followed its July 31 first-half results — net profit up 158% to $373 million on a $13.3 billion order book — and the Aug. 4 results-briefing transcript that detailed 5% revenue growth to S$5.6 billion, net leverage of 0.5 times and a further S$32 billion pipeline of prospective LNG-related work, alongside confirmed P-80 and P-82 vessel sailaways for the second half. No fresh company disclosure accompanied Monday's decline, extending a pullback in a stock that has otherwise tracked one of the market's stronger earnings-driven runs this reporting season. Shares trade at 0.991 times book, cheaper than about 86% of the past year, with a consensus Buy rating and a S$2.50 target implying roughly 20% upside.

SATS (S58.SG, +1.23%) rebounded, clawing back an intraday dip — Monday's market-open coverage had flagged it at one point as the session's biggest decliner, down as much as 1.47% — to close higher for the first time since its Aug. 20 slide. That slide followed first-quarter FY2027 results showing net profit up 6% to S$75.1 million and revenue up 11.3% to S$1.68 billion, but an operating margin that fell to 8% under Middle East-related and inflationary cost pressures, which triggered the initial sell-off. No new disclosure accompanied Monday's rebound. The consensus rating remains Strong Buy, with a S$5.12 target implying roughly 24% upside from current levels.

UOB (U11.SG, +0.49%) edged higher, moving opposite to DBS (-0.58%) and OCBC (-0.19%) as the three local banks split again Monday after rising together on Friday. The market continues to digest the Aug. 21 disclosure that CapitaLand Investment and Malaysia's IOI Group plan to jointly acquire Raffles One, a landmark Singapore office tower held by OUE REIT and UOB, for just under S$2.4 billion — a potential monetisation event for UOB's stake. UOB also priced £1 billion of floating-rate covered bonds due February 2030 on Aug. 19, a funding rather than an earnings catalyst. Shares trade at 1.35 times book, above their fair-value range and cheaper than only about 10% of the past five years, with a consensus Hold rating and a S$42.78 target implying about 5% upside.

One point worth noting

Monday's index-level loss masked a market that, by breadth, was almost perfectly balanced: 15 of the 30 STI constituents advanced against 15 that declined, yet the benchmark still slipped 0.15% into the close. The gap is explained by where the losses landed — Seatrium's 2.79% drop, DFI Retail's 1.91% slide and Jardine Matheson's 1.12% decline were among the session's steepest moves in either direction, outweighing a broader set of gains that were mostly modest, with Wilmar's 1.35% the largest advance in the basket. The three local banks also broke from Friday's synchronized advance, splitting again Monday — DBS down 0.58% and OCBC down 0.19% against UOB's 0.49% gain — continuing an alternating pattern that has recurred through the month.

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

STI收报5,680.69点跌0.15%，早盘冲高后回落；胜科海事领跌，新翔止跌反弹

2026年8月24日星期一 · 长桥新加坡

海峡时报指数周一收报5,680.69点，跌8.27点，跌幅0.15%，早盘一度走高，最高涨至5,715.47点（较上一交易日收盘上涨约0.47%），随后全天震荡走低，一度触及全日低点5,673.71点——几乎抹平当日全部涨幅——尾盘跌幅略有收窄。30只成分股中15只上涨、15只下跌，涨跌家数刚好打平，指数收跌主要由少数跌幅较深的个股拖累，而非全线走弱。

当天开盘偏强，与香港市场同步走高：海峡时报指数开盘上涨约0.3%至5,705.80点，据周一开盘报道，新加坡大盘早盘上涨家数达128只、下跌76只。这股早盘的普涨势头未能延续至收盘：30只成分股收盘时涨跌家数各占15只，跌幅集中在胜科海事（-2.79%）、DFI零售集团（-1.91%）、怡和洋行（-1.12%）等个股——这几只权重较高或跌幅较深的个股，足以在整体涨跌大致平衡的情况下，把这只市值加权指数拖入负值区间。

个股焦点

丰益国际（Wilmar，F34.SG，+1.35%）是当天表现较好的个股之一，早盘一度领涨大盘、涨幅达1.89%，随后涨幅有所收窄。该股仍在消化8月14日披露的上半年业绩：净利润同比增长2.3%至7.794亿新元，营收增长17.2%至493.6亿新元，主要受并表AWL Agri Business及价格上涨带动；饲料及工业产品税前利润大增55%，食品业务利润增长56%，而种植与制糖业务因糖价疲软及减值拨备利润下滑32%，公司同时宣布派发每股0.05新元中期股息。集团还于8月12日披露，将旗下两家中国家乐氏合资企业各50%股权以6000万美元出售给玛氏箭牌。该股目前市盈率12.61倍，比过去一年约54%的时间更便宜，共识评级「买入」，目标价3.85新元，隐含约2.4%上行空间。

胜科海事（Seatrium，5E2.SG，-2.79%）是当天表现最弱的成分股，回吐此前财报驱动涨势的部分涨幅——此前7月31日公布上半年净利润同比大增158%至3.73亿新元、订单簿达133亿新元，8月4日发布的业绩说明会记录进一步显示，营收增长5%至56亿新元，净负债率0.5倍，另有320亿新元潜在液化天然气相关项目管道，并确认P-80、P-82两艘船体将于下半年交付。周一并无新公司披露，跌势延续了这只个股在本轮财报季中此前较强劲走势后的回调。该股目前市净率0.991倍，比过去一年约86%的时间更便宜，共识评级「买入」，目标价2.50新元，隐含约20%上行空间。

新翔（SATS，S58.SG，+1.23%）收复了盘中一度出现的跌幅——周一开盘报道曾指其一度是大盘跌幅最深的个股，盘中跌幅达1.47%——收盘转涨，为8月20日暴跌以来首次收高。此前该股因2027财年首季业绩显示净利润同比增长6%至7510万新元、营收增长11.3%至16.8亿新元，但受中东局势与通胀成本压力影响、营业利润率降至8%，触发投资者抛售。周一并无新公司披露带动反弹。共识评级仍为「强烈买入」，目标价5.12新元，隐含约24%上行空间。

大华银行（UOB，U11.SG，+0.49%）小幅收涨，与星展（-0.58%）、华侨银行（-0.19%）当天走势相反，三大银行结束了上周五同向上涨的格局，再度出现分化。市场仍在消化8月21日披露的消息：凯德投资与马来西亚IOI集团拟联合收购新加坡地标写字楼莱佛士坊一号（Raffles One），交易金额略低于24亿新元，该资产目前由OUE REIT与大华银行共同持有，若交易落地将是大华银行的一次资产变现。大华银行另于8月19日定价发行10亿英镑浮息担保债券，2030年2月到期，属融资而非盈利层面的消息。该股目前市净率1.35倍，高于合理区间，比过去五年仅约10%的时间更便宜，共识评级「持有」，目标价42.78新元，隐含约5%上行空间。

一个值得注意的点

周一指数收跌的表象之下，30只成分股涨跌家数几乎完全打平：15只上涨、15只下跌，但指数仍收跌0.15%。这背后的原因在于跌幅的分布——胜科海事下跌2.79%、DFI零售集团下跌1.91%、怡和洋行下跌1.12%，是当天少数几只跌幅居前的个股，而当天多数上涨个股涨幅普遍温和，丰益国际+1.35%已是篮子中涨幅最大的个股。三大银行也一改上周五同向上涨的格局，周一再度分化：星展、华侨银行走低，大华银行则收涨——这种交替分化的模式本月已多次出现。

本文仅供参考，不构成任何投资建议。

STI收盤報5,680.69點跌0.15%，早盤衝高後回落；勝科海事領跌、新翔止跌反彈

2026年8月24日星期一 · 長橋新加坡

海峽時報指數週一收盤報5,680.69點，跌8.27點，跌幅0.15%，早盤一度走高，最高漲至5,715.47點（較上一交易日收盤上漲約0.47%），隨後全天震盪走低，一度觸及全日低點5,673.71點——幾乎抹平當日全部漲幅——尾盤跌幅略有收窄。30檔成分股中15檔上漲、15檔下跌，漲跌家數剛好打平，指數收跌主要由少數跌幅較深的個股拖累，而非全線走弱。

當天開盤偏強，與香港市場同步走高：海峽時報指數開盤上漲約0.3%至5,705.80點，據週一開盤報導，新加坡大盤早盤上漲家數達128檔、下跌76檔。這股早盤的普漲勢頭未能延續至收盤：30檔成分股收盤時漲跌家數各佔15檔，跌幅集中在勝科海事（-2.79%）、DFI零售集團（-1.91%）、怡和洋行（-1.12%）等個股——這幾檔權重較高或跌幅較深的個股，足以在整體漲跌大致平衡的情況下，把這檔市值加權指數拖入負值區間。

個股焦點

豐益國際（Wilmar，F34.SG，+1.35%）是當天表現較好的個股之一，早盤一度領漲大盤、漲幅達1.89%，隨後漲幅有所收窄。該股仍在消化8月14日揭露的上半年業績：淨利潤按年增長2.3%至7.794億新元，營收增長17.2%至493.6億新元，主要受併表AWL Agri Business及價格上漲帶動；飼料及工業產品稅前利潤大增55%，食品業務利潤增長56%，而種植與製糖業務因糖價疲軟及減值撥備利潤下滑32%，公司同時宣布派發每股0.05新元中期股息。集團還於8月12日揭露，將旗下兩家中國家樂氏合資企業各50%股權以6000萬美元出售給瑪氏箭牌。該股目前本益比12.61倍，比過去一年約54%的時間更便宜，共識評等「買進」，目標價3.85新元，隱含約2.4%上漲空間。

勝科海事（Seatrium，5E2.SG，-2.79%）是當天表現最弱的成分股，回吐此前財報帶動漲勢的部分漲幅——此前7月31日公布上半年淨利潤按年大增158%至3.73億新元、訂單簿達133億新元，8月4日發布的業績說明會記錄進一步顯示，營收增長5%至56億新元，淨負債率0.5倍，另有320億新元潛在液化天然氣相關項目管道，並確認P-80、P-82兩艘船體將於下半年交付。週一並無新公司揭露，跌勢延續了這檔個股在本輪財報季中此前較強勁走勢後的回檔。該股目前股價淨值比0.991倍，比過去一年約86%的時間更便宜，共識評等「買進」，目標價2.50新元，隱含約20%上漲空間。

新翔（SATS，S58.SG，+1.23%）收復了盤中一度出現的跌幅——週一開盤報導曾指其一度是大盤跌幅最深的個股，盤中跌幅達1.47%——收盤轉漲，為8月20日暴跌以來首次收高。此前該股因2027財年首季業績顯示淨利潤按年增長6%至7510萬新元、營收增長11.3%至16.8億新元，但受中東局勢與通膨成本壓力影響、營業利潤率降至8%，觸發投資人拋售。週一並無新公司揭露帶動反彈。共識評等仍為「強力買進」，目標價5.12新元，隱含約24%上漲空間。

大華銀行（UOB，U11.SG，+0.49%）小幅收漲，與星展（-0.58%）、華僑銀行（-0.19%）當天走勢相反，三大銀行結束了上週五同向上漲的格局，再度出現分化。市場仍在消化8月21日揭露的消息：凱德投資與馬來西亞IOI集團擬聯合收購新加坡地標寫字樓萊佛士坊一號（Raffles One），交易金額略低於24億新元，該資產目前由OUE REIT與大華銀行共同持有，若交易落地將是大華銀行的一次資產變現。大華銀行另於8月19日定價發行10億英鎊浮息擔保債券，2030年2月到期，屬融資而非盈利層面的消息。該股目前股價淨值比1.35倍，高於合理區間，比過去五年僅約10%的時間更便宜，共識評等「持有」，目標價42.78新元，隱含約5%上漲空間。

一個值得注意的點

週一指數收跌的表象之下，30檔成分股漲跌家數幾乎完全打平：15檔上漲、15檔下跌，但指數仍收跌0.15%。這背後的原因在於跌幅的分布——勝科海事下跌2.79%、DFI零售集團下跌1.91%、怡和洋行下跌1.12%，是當天少數幾檔跌幅居前的個股，而當天多數上漲個股漲幅普遍溫和，豐益國際+1.35%已是籃子中漲幅最大的個股。三大銀行也一改上週五同向上漲的格局，週一再度分化：星展、華僑銀行走低，大華銀行則收漲——這種交替分化的模式本月已多次出現。

本文僅供參考，不構成任何投資建議。