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Stocks to watch: DBS, SingPost, TT International, Ascott, SIA

Friday, August 4, 2017 - 08:38

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Singapore Exchange (SGX) and the Singapore Institute of Surveyors and Valuers (SISV) are jointly reviewing valuation practices and the reporting carried out by real estate valuers that are engaged by listed issuers.

THE following companies saw new developments that may affect trading of their shares on Friday:

DBS Group Holdings Limited (DBS): The bank's net profit including one-time items went up 8 per cent to S$1.13 billion for its second quarter compared to a year ago. For the first half of 2017, an interim one-tier tax-exempt dividend of 33 Singapore cents was declared, up 10 per cent from the 30 Singapore cents declared for first half 2016.


Singapore Post Limited (SingPost): SingPost reported on Friday that its net profit for the fiscal first quarter ended June 30 slipped 13.6 per cent to about S$31 million, from S$35.9 million a year ago. The board has declared an interim dividend of 0.5 Singapore cent per share, to be paid on Aug 31.


TT International Limited: The Singapore-listed consumer electronics retailer, which is being restructured under a scheme of arrangement since April 2010, is suspending the trading of its shares with immediate effect as it sorts out its funding options amidst creditors' demands.

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The Ascott Limited: The CapitaLand's serviced residence operator will be investing S$170.3 million to develop the co-living space in Funan integrated project, located at the heart of Singapore's civic and cultural district.


Singapore Airlines Limited (SIA): SIA is asking its cabin crew to take no-pay leave to address a temporary manpower surplus. The airline has about 8,200 cabin crew. The last time they were asked to take no-pay leave was after the end-2008 global financial crisis.

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