SGX:P52

Singapore Shares Open Lower Despite Broader Asian Gains

Singapore shares opened lower on Friday, even as most Asian peers saw a positive opening on hopes that the US Federal Reserve will hold back from raising interest rates next month.The Straits Times Index opened 0.32%, or 18.15 points lower, at 5,701.90.As global factors such as the Middle East conflict and the interest rates may still take some time, investors are likely to eye local earnings for cues during the on-going season. For example, Genting Singapore (SGX:G13) shares were up over 6% in early trade after it reported a 34% decline in its profit attributable to shareholders during the first half of the year.Also, Pan United (SGX:P52) shares were up 4% in early trade after posting a 49% rise in profit attributable to equity holders in the first half of 2026.

Pan-United Logs 49% Boost in H1 Attributable Profit

Pan-United (SGX:P52) recorded a 49% rise in profit attributable to equity holders in the first half to SG$30.6 million from SG$20.6 million a year prior.Earnings per share increased to SG$0.0437 from SG$0.0295 previously, according to a Thursday Singapore bourse filing.Revenue climbed 37% to SG$549.6 million from SG$401.4 million in the year-ago period.The company declared an interim dividend of SG$0.015 per ordinary share, payable Sept. 4 to shareholders of record as of Aug. 27.

DBS Bank Starts Pan-United at Buy with SG$1.88 Price Target

Singapore Shares Incur Losses as US Carries Out Strikes on Iran

Singapore shares closed in red on Wednesday, losing more than 1%, tracking regional losses as investor sentiment took a hit following a series of strikes on Iranian military sites by the US following the downing of an American helicopter.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,939.53 and 5,015.17 throughout the day. It ended the session at 4,958.85, down 64.40 points or 1.3% compared to Tuesday's close.On the corporate front, shares of Wee Hur Holdings (SGX:E3B) were up over 2% at the close as the developer acquired a 26-story office tower in Hong Kong named One Bedford Place.Pan-United's (SGX:P52) shares were down over 1% as its subsidiary, AiR Digital Solutions, secured an ISO/IEC certification for its AI-powered operations management platform.Meanwhile, Singapore Post (SGX:S08) unveiled a SG$30 million automated sortation hub at the Tampines Regional eCommerce Logistics Hub.

Pan-United Unit Secures ISO Certification

Pan-United's (SGX:P52) subsidiary, AiR Digital Solutions, secured an ISO/IEC certification for its AI-power operations management platform, according to a Tuesday filing with the Singapore Exchange.Shares of the low-carbon concrete technologies provider were down over 2% in Wednesday trading.The certification comes amid the subsidiary's push to expand regionally and globally.

Pan-United Repurchases More Shares

Pan-United (SGX:P52) bought back 100,000 shares in the open market on Tuesday for SG$151,429, or SG$1.51 apiece, according to a same-day filing with the Singapore Exchange.The company has been authorized to repurchase about 70 million shares under its current mandate. To date, it has bought back 707,700 shares.

Pan-United Repurchases More Shares

Pan-United (SGX:P52) bought back 60,000 shares in the open market on Thursday for SG$93,805, or SG$1.556 apiece, according to a same-day filing with the Singapore Exchange.The company has been authorized to repurchase about 70 million shares under its current mandate. To date, it has bought back approximately 343,100 shares.