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Daily Debrief: What Happened Today
DBS's ability to manage bad loans questioned in JPMorgan report
DBS Group Holdings Ltd's ability to handle nonperforming loans was questioned by analysts at JPMorgan Chase & Co after the Singaporean bank revealed potential losses from its S$700-million exposure to a troubled oil-services firm.
Keppel refutes report alleging bribery by executives
Conglomerate Keppel Corp has refuted media reports alleging that its executives were involved in bribery in Brazil.
HDB resale prices up 0.7% in July; transactions down 13.7%: SRX
The resale prices of three-room, four-room and five-room flats increased by 0.6 per cent, 0.3 per cent and 0.5 per cent respectively. On the other hand, the resale prices of executive flats decreased 0.4 per cent.
Noble Group's roller-coaster ride gathers pace with share price jump
Noble Group rebounded in Singapore as the company's new rights shares began trading on the exchange, extending a roller-coaster ride ahead of quarterly results next week that'll shed light on the commodity trader's performance, funding and plans for asset sales.
43 recall exercises made for defective Takata airbags since 2013: LTA
A total of 43 recall exercises have been made for vehicles affected by defective Takata airbags since the recalls were first initiated in Singapore in 2013, according to the Land Transport Authority (LTA) on Thursday.
Corporate Earnings
- Japan Foods Q1 net profit up 24%
- OUE swings into the black in Q2
- CapitaLand Q2 net profit down 36.6%
- Genting Singapore Q2 losses narrow to S$10.5m
- Hyflux Q2 profit plunges 90% on higher staff and amortisation costs
- Aviva Asia posts 23% drop in value of new business on weaker Singapore performance
- UOL's Q2 profit eases 55% at S$68.8m on fair value losses on investment properties
The STI today
Singapore shares close mixed as pressure eases on O&M sector
Wall Street's avoidance of an eighth straight loss on Wednesday helped bring some stability here on Thursday via short-covering that lifted the Straits Times Index 4.38 points to 2,831.96.
