3 Singapore game-changer stocks to watch out for in April

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Keep an eye on these three companies, as they might just have some surprises in store for you this April

SINGAPORE: Investors looking at Singapore’s stock market have to keep these companies on their radar as each has potentially game-changing developments on the horizon.First up is Singapore Exchange Limited, the main stock exchange in the city-state. In recent years, SGX has been diversifying its offerings, expanding beyond traditional stock listings.

Last year saw the introduction of Singapore Depository Receipts , enabling local investors to access Thai-listed blue-chip stocks.These new products, tied to rates like the Singapore Overnight Rate Average and Tokyo Overnight Average Rate , could hedge against interest rate fluctuations.Next, we’ve got Union Gas, a major player in the fuel products sector. They’re branching out into electric vehicle charging, teaming up with a company from Hong Kong called Deltrix Limited.

The company is undergoing a transformational journey, aiming to shift its focus towards becoming a pure-play logistics provider within three years. They’ve been reviewing their strategy since May 2023 and plan to sell some assets that aren’t part of their main business. Identified assets selected for monetization include selected properties and international holdings.

The money they make from this will help reduce debt, fuel growth initiatives, and potentially reward shareholders with dividends. This might mean good news for shareholders, offering a potential rebound from its current low point..

 

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