Hot stocks: Singtel, Sea jump after digital-bank win; iFast, Razer sink
LISTED companies that were selected to set up digital banks in Singapore saw their shares rally to fresh highs, while those with failed bids, including iFast Corp and Razer Inc, tumbled on Monday.
Singapore Telecommunications (Singtel), whose alliance with fintech and ride-hailing giant Grab Holdings bagged a digital full-bank (DFB) licence, jumped as much as 10.5 per cent or S$0.245 to reach S$2.585 within the first few minutes of the opening bell. The last time Singtel's shares closed near this level was in June this year.
Singtel shares eased slightly t…
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Companies & Markets
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Singapore loses ‘world’s best airport’ crown to Qatar
Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3% to S$293.7 million
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB