SGX Weekly Review｜Hong Leong Asia Rose 19%; Guocoland Rose 16%; ValueMax Rose 11%; While Riverstone Fell 16%; Jardine Fell 9%; AvePoint Fell 6%

Singapore stocks rose this week, with the STI up 0.3%. Singapore central bank kept monetary policy settings unchanged for the third consecutive quarter on Thursday (Jan 29).

In terms of individual stocks, Hong Leong Asia rose 19%; Guocoland rose 16%; ValueMax rose 11%; while Riverstone fell 16%; Jardine fell 9%; AvePoint fell 6%.

Hong Leong Asia proposes spinning off Guangxi Yuchai Marine and GenSet Power on HKEX

Hong Leong Asia on Tuesday (Jan 27) announced that Guangxi Yuchai Marine and Genset Power (MGP), an indirect subsidiary of China Yuchai International (CYI), has submitted an application to list its shares on the mainboard of the Hong Kong Stock Exchange (HKEX).

CYI, which is listed on the New York Stock Exchange, has a 48.7 per cent stake held by Hong Leong Asia, which in turn is the trade and industry arm of the Hong Leong Group.

GuocoLand H1 net profit rises 14% to S$85.4 million despite lower revenue

Property developer GuocoLand : F17 +0.75% on Thursday (Jan 29) posted a net profit of S$85.4 million for the six months ended Dec 31, 2025, up 14 per cent from the S$74.6 milllion booked for the previous corresponding period.

This translated to earnings per share (EPS) of S$0.0708 for H1 FY2026, versus EPS of S$0.0588 in H1 FY2025.

Jardine C&C group MD Benjamin Birks to step down in April

Mainboard-listed Jardine Cycle & Carriage : C07 +0.03% (Jardine C&C) group managing director Benjamin Birks will step down from his role on Apr 30 to pursue new opportunities.

Birks, who also serves as the executive director of the company, will officially vacate his position following the conclusion of the Jardine C&C annual general meeting.