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GuocoLand Rises After Project Launch; Nio Powers On Ahead Of S-E Asia Debut
The Straits Times
|August 25, 2025
GE Shares Resume Trading After Bonus Issue Restores Free Float Requirement
GuocoLand ended last week at a five-year high after recording a 92 per cent take-up rate on the launch weekend of Springleaf Residence.
Shares of the developer closed at $1.84 on Aug 22, up 2.8 per cent through the week.
It had sold 870 out of 941 units at its Upper Thomson project at an average of $2,175 per square foot (psf). Prices at the development start at $1,995 psf, with one-bedroom units of 388 sq ft starting at $878,000, or $2,263 psf.
Together with joint developer Hong Leong, GuocoLand secured the plot for $779.6 million in April 2024, or $905 psf per plot ratio, in a state land tender.
Since the Government started selling land in the Lentor Hills neighbourhood area, also known as District 26, in 2021, six other condominiums have been brought to market.
Meanwhile, shares of Chinese electric vehicle (EV) manufacturer Nio jumped following the launch of its new ES8 sport utility vehicle — the largest battery electric SUV in China — on Aug 22.
The EV maker is also set to make its South-east Asia debut in the first quarter of 2026, after naming Wearnes Automotive as its Singapore distributor on Aug 18. A Malaysian distributor is expected to be appointed soon.
Nio, which has a secondary listing in Singapore, closed the week at US$5.88, up 12 per cent — its highest level on the Singapore Exchange (SGX) so far in 2025.
GREAT EASTERN RISES AFTER RESUMING TRADING
Following a suspension of more than a year, shares of Great Eastern (GE) resumed trading on Aug 21 after a bonus share issue restored the insurer's minimum free float requirement.
The counter closed at $13.70 on Aug 22 — up 6.2 per cent compared with its July 2024 pre-suspension closing price of $12.90, after adjusting for the one-for-one bonus issue.
The insurer on Aug 19 said shareholders should expect its trading price to adjust correspondingly when trading resumes, given the bigger share base.
Diese Geschichte stammt aus der August 25, 2025-Ausgabe von The Straits Times.
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