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