Today: 7 February 2026
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Singapore Economy News 2 February 2026 - 6 February 2026

UOB share price dips as Singapore bank earnings near; Maybank keeps ‘hold’ call

UOB share price dips as Singapore bank earnings near; Maybank keeps ‘hold’ call

UOB shares fell about 0.4% to S$38.48 by mid-afternoon Friday, trading near a 52-week high as risk appetite weakened across Asia. Maybank Research kept a “hold” call, citing easing funding pressures but warning credit costs could stay elevated. UOB reports full-year results Feb. 24, after DBS on Feb. 9. The Straits Times Index was down about 0.7% at midday.
6 February 2026
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Singapore Airlines stock slips from 2-day run as investors turn cautious; Feb 24 update in focus

Singapore Airlines stock slips from 2-day run as investors turn cautious; Feb 24 update in focus

Singapore Airlines shares fell 0.45% to S$6.68 by mid-afternoon Friday, reversing gains from earlier in the week. The decline followed a broader tech-led selloff in Asian markets. Boeing announced a major landing gear deal with the airline group at the Singapore Airshow. Investors await the carrier’s third-quarter results due Feb. 24 after market close.
6 February 2026
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DBS share price dips as Singapore stocks slide; cross-border push and earnings next in focus

DBS share price dips as Singapore stocks slide; cross-border push and earnings next in focus

DBS Group Holdings fell 0.5% to S$59.37 on Friday ahead of its fourth-quarter results due Feb. 9. The Straits Times Index dropped 0.7% by midday as tech-led selling hit Asian markets. DBS aims for S$100 billion in consumer cross-border flows by 2030. Investors await margin and fee growth guidance, with Singapore’s Budget 2026 set for Feb. 12.
6 February 2026
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City Developments (C09) stock price climbs in Singapore as Feb 27 earnings loom

City Developments (C09) stock price climbs in Singapore as Feb 27 earnings loom

City Developments shares rose 1.2% to S$9.63 in Thursday afternoon trading, rebounding after a dip the previous day. The move comes ahead of CDL’s full-year results due Feb. 27. Investors are watching sales momentum after the Newport Residences launch, where 57% of units sold at an average S$3,370 psf. The stock is up about 20.5% since the start of the year.
5 February 2026
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Wilmar stock jumps nearly 3% in Singapore as palm oil steadies — what traders watch next

Wilmar stock jumps nearly 3% in Singapore as palm oil steadies — what traders watch next

Wilmar shares jumped 3% to S$3.47 in Singapore trading Wednesday, their best session in over a week, as palm oil futures in Malaysia edged higher. The company will report full-year results after markets close on Feb. 26. Malaysian palm oil for April rose 0.12% to 4,220 ringgit a ton, buoyed by gains in China’s vegetable oil contracts. Singapore’s Straits Times Index added 0.2%.
4 February 2026
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Genting Singapore share price today: SGX:G13 treads water after Singapore lifts tourism receipts outlook

Genting Singapore share price today: SGX:G13 treads water after Singapore lifts tourism receipts outlook

Genting Singapore shares traded at S$0.740 by mid-afternoon, little changed as investors weighed record tourism receipts and 2026 visitor forecasts. The Singapore Tourism Board reported S$23.9 billion in receipts for the first nine months of 2025, up 6.5% year-on-year. Traders await Genting’s full-year results due Feb. 24. Trading volume reached about 34.3 million shares.
4 February 2026
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RTX stock price rises as Singapore expansion plan puts focus back on repair capacity

RTX stock price rises as Singapore expansion plan puts focus back on repair capacity

RTX shares rose 1.1% to $203.22 Tuesday after the company announced over $139 million in new investments to expand aerospace maintenance operations in Singapore. Collins Aerospace and Pratt & Whitney will boost repair capacity under new agreements, with full capabilities expected by 2030. Raytheon, an RTX unit, secured a DARPA contract for maritime defense tech and completed a ballistic test for the U.S. Army’s next-gen interceptor.
3 February 2026
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UOB share price today: Singapore bank stock inches up, but traders keep eyes on Feb 24 results

UOB share price today: Singapore bank stock inches up, but traders keep eyes on Feb 24 results

UOB shares rose 0.05% to S$38.42 in Tuesday afternoon trading, staying about 3% below their Jan 23 high. The stock lagged DBS and OCBC, which gained 0.6% and 0.9% respectively. UOB will report full-year results on Feb 24, with investors focused on net interest margin and credit costs. Recent volatility in metals has kept trading subdued.
3 February 2026
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Jardine Matheson stock bucks a weak Singapore market as buybacks keep traders interested

Jardine Matheson stock bucks a weak Singapore market as buybacks keep traders interested

Jardine Matheson shares rose 1.6% to $73.94 in Singapore afternoon trading, bucking a 0.8% drop in the Straits Times Index. The gains followed news of a $250 million buyback program and director Lincoln Pan’s open-market purchases. The company bought back 60,000 shares at an average $73.14 each on Jan. 30. Investors await full-year results on March 10 and dividend details.
2 February 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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