Market Snapshot

On Tuesday, Singapore stocks opened slightly higher, with the STI index rising 0.07%. Jardine C&C gained more than 2%, and JMH USD rose over 1%; AEM SGD fell about 0.4%, and UMS dropped more than 1%.

Stocks in Focus

The following companies saw new developments that may affect trading of their securities on Tuesday (Oct 6):

Civmec : The engineering and construction company has secured a series of new contract awards and extensions with a combined value exceeding A$220 million (US$153.3 million), the company announced on Monday. The recent string of wins bolsters the group’s total order book to about A$1.5 billion. Shares of Civmec ended flat at S$1.52 on Monday, before the announcement.

Aspial Lifestyle : The company on Tuesday launched an offer to repurchase up to S$25 million of its existing notes, comprising up to S$10 million of its 6.25 per cent notes due 2027 and up to S$15 million of its 5.1 per cent notes due 2029. The buyback is funded by proceeds from the group’s newly issued S$75 million notes, which carry a lower coupon of 5 per cent and mature in 2031. Shares of Aspial Lifestyle ended at S$0.335 on Monday, 1.5 per cent or S$0.005 higher.

SG Local News

Singapore’s tech workforce grows 4% as 2025 digital economy hits S$144.1 billion: IMDA

Singapore’s tech workforce grew 3.8 per cent to 222,200 in 2025, driven by an increasing demand for tech talents in the non-tech sector, an Infocomm Media Development Authority (IMDA) report on Monday (Oct 5) showed.

The Singapore Digital Economy Report 2026 noted that the expansion comes alongside growth in the Republic’s digital economy, which increased to S$144.1 billion in 2025, from S$136.5 billion in 2024.

The digital economy – which covers the information and communications sector and digitalisation outside the sector – accounted for 19.3 per cent of Singapore’s gross domestic product in 2025. This compares with 18.8 per cent in 2024.

Singapore data centre operator DayOne files for US IPO, joining AI infrastructure rush

DayOne Data Centers has filed for an initial public offering in the US, setting the Singapore-headquartered firm up to capture investors’ resilient demand for artificial intelligence infrastructure.

The data center operator recorded a net loss of US$81.9 million on revenue of US$512 million for the six months ended Jun 30, compared with a net loss of US$13.5 million on revenue of US$151.5 million in the corresponding period a year earlier, according to its filing on Monday (Oct 5) with the US Securities and Exchange Commission.

Once an international affiliate of Chinese data center operator GDS, DayOne was previously known as GDS International before rebranding in 2025.

The company filed confidentially in August for a US IPO that may seek to raise as much as US$5 billion at a valuation of about US$20 billion, Bloomberg News has reported.