Stocks to watch: DBS, Genting Singapore, FLCT, SingPost, Digital Core Reit, Koda
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Vivienne Tay
THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 2):
DBS : The Monetary Authority of Singapore on Wednesday imposed a “six-month pause” on DBS’ non-essential IT changes following repeated and prolonged disruptions of its banking services this year. It also said the bank will not be allowed to acquire new business ventures during this period, or reduce the size of its branch and ATM networks in Singapore. DBS shares closed 0.5 per cent or S$0.18 higher at S$33.03 on Wednesday, before the announcement.
Genting Singapore : Its indirect wholly owned subsidiary received provisional permission from the Urban Redevelopment Authority to develop 21,243 square metres of gross floor area of retail space, and 700 hotel rooms at Resorts World Sentosa. The counter closed 0.6 per cent or S$0.005 higher at S$0.865 on Wednesday.
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