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Singapore Wrap Wednesday
- ComfortDelGro Q1 net profit rises 6.8%
- Vard Holdings' Q1 profit tumbles 89.7%
- ST Engineering's Q1 profit down 5%
- Ezion's Q1 profit slips 9.4% on challenging operating environment
- First Ship Lease Trust sails into the black in Q1
Moody's Investors Service says a number of differences among Singapore's three largest banking group by assets - DBS Bank Ltd (Aa1 stable, aa3), Oversea-Chinese Banking Corp Ltd (OCBC, Aa1 stable, aa3) and United Overseas Bank Limited (UOB, Aa1 stable, aa3) - could lead to credit differentiation over time.
DBS Group Holdings Ltd, Southeast Asia's largest lender by assets, has sought Reserve Bank of India approval to set up a wholly owned unit in a move to deepen its presence in the South Asian nation.
Energy, water and marine group Sembcorp Industries has launched a benchmark-sized offering of SGD subordinated perpetual non-call five securities.
Rentals of non-landed private residential units in Singapore remained unchanged while rentals of HDB flats dipped 0.7 per cent in April 2015 compared to March, according to the latest SRX Property Price Index released on Wednesday.
A "BUSINESS 2" zone site in Ang Mo Kio has been put up for sale by a major Japanese semiconductor company.
Small gains from Singtel and the Jardine group lifted the local market on Wednesday, with the Straits Times Index up 10.84 points or 0.3 per cent to 3,453.17.