Deon Loke
JOURNALIST
SingPost tumbles 3.6% after announcing H1 profit drop
Earnings for period slide 12.8% to S$19.7 million
Stocks to watch: Singtel, UMS, SingPost, Cortina, mm2 Asia, Addvalue Tech
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Nov 10):
SingPost H1 profit down 12.8% at S$19.7 million amid divestments, tough e-commerce business
It declares interim dividend of S$0.0008 per share
Singtel unit sells 0.8% stake in Bharti Airtel for about S$1.5 billion, booking estimated S$1.1 billion gain
The sale reduces Singtel’s effective stake in Bharti Airtel to 27.5% from 28.3%
As EVs dominate, why are Esso petrol stations being acquired and what will the future look like?
The purchase of such stations – a ‘sunset’ industry – comes at a time when electric vehicle-maker BYD is outselling long-time king...
Analysts upgrade SIA Engineering shares as growth, supply chain outlook improves
The analysts’ upbeat outlook comes on the back of the company’s Q2 results, in which net profit is up 13.5% at S$40.4...
Singtel rises 5.4% to all-time high amid talks of US$3.9 billion data-centre deal
The telco and KKR & Co are in the late stages of discussions to buy more than 80% of ST Telemedia Global...
Endowus to offer Avanda’s Singapore equity strategy on its platform
The approach focuses on small and mid-cap opportunities, supporting MAS’ funding initiative
Latest Singapore six-month T-bill cut-off yield slides to 1.37%
Figure is down from the 1.41% offered from the last auction that closed on Oct 23
OCBC appoints Melvyn Low as group chief strategy and transformation officer
The industry veteran has held senior positions in cash management, trade and securities services at various regional and global banks
