Top Stock Market Highlights of the Week: OUE Healthcare, NVIDIA, Frencken, PayPal and SK Hynix
This week brought a mix of corporate action, blockbuster earnings guidance, and strategic developments across global markets.
On the local front, OUE Limited (SGX: LJ3) moved to take its healthcare subsidiary private, while shares of Frencken Group (SGX: E28) tumbled following a sizeable equity placement.
Across the Pacific, NVIDIA (NASDAQ: NVDA) posted a near-record single-day market cap gain, SK Hynix (NASDAQ: SKHY) broke ground on its first US factory, and the consortium pursuing PayPal Holdings (NASDAQ: PYPL) walked away from its US$50 billion bid.
Privatisation bid offers premium for regional healthcare group
OUE has proposed the privatisation of its Catalist-listed subsidiary OUE Healthcare (SGX: 5WA), or OUEH, via a scheme of arrangement at S$0.05 per share in cash.
The offer represents a 28.2% premium over OUEH’s last transacted price of S$0.039 on 21 August and a 2.5% premium over its latest unaudited net asset value per share of S$0.0488.
Treasure International Holdings, a wholly owned subsidiary of OUE, together with its concert parties, already holds an aggregate 89.68% stake in OUEH.
The announcement cited persistently low trading volume as a key driver behind the move, with average daily trading volume over the past 12 months accounting for just 0.05% of total issued shares and 16 trading days registering zero trades.
The privatisation would allow management greater flexibility to execute long-term strategies, particularly as OUEH’s China operations continue ramping up.
The deal requires approval by at least 75% in value of the scheme shares voted at the scheme meeting, along with regulatory and court approvals.
Shares of OUE ended at S$0.98 on 21 August 2026, down 0.5%.
AI chipmaker’s forecast sparks near-record market cap surge
NVIDIA added US$442 billion to its market value on 27 August in the second-largest single-day gain by any stock in history.
Shares jumped 8.7%, their biggest advance since April 2025, when the company was valued at less than half its current level.
The surge followed a robust earnings forecast in which NVIDIA guided for revenue to expand roughly 70% in the next fiscal year, well above consensus expectations of around 45% growth.
The upside surprise recalled the early days of the AI boom that cemented NVIDIA as the sector’s central stock.
The tech giant is now the world’s largest company by market capitalisation, with a valuation of around US$5.5 trillion.
The nearly half-a-trillion-dollar gain trails only the US$450 billion surge by Microsoft (NASDAQ: MSFT) less than a month earlier.
