Welcome to this week’s edition of top stock market highlights. This week, Singapore’s homegrown grocery chain broke ground on an ambitious automated distribution hub, while over in the US, a US$53 billion takeover approach for a payments pioneer met a cool reception from its board. We also review a streaming giant’s latest quarterly report card that failed to excite investors, and examine how escalating Middle East tensions have sent gold prices tumbling.

Sheng Siong commits S$520 million to automated distribution hub

Sheng Siong (SGX: OV8) broke ground on 13 July 2026 on a new integrated headquarters and distribution centre (IHDC) in Sungei Kadut, part of a S$520 million investment to support its next phase of growth. The seven-storey facility, due for completion in 2029, will span more than 61,000 square metres and offer storage for over 70,000 pallet positions. It will be able to support more than 120 stores across Singapore, up from the group’s current network of 90 outlets....