Stocks to watch: DBS, SGX, Frasers Property, Sasseur Reit

THE following companies saw new developments that may affect trading of their securities on Thursday (Aug 8): 

DBS : The bank announced on Wednesday the appointment of Tan Su Shan as its deputy chief executive officer. She will succeed Piyush Gupta as CEO when he retires at the next annual general meeting on Mar 28, 2025. Tan will be the first female CEO in the lender’s history. The counter closed 2.8 per cent or S$0.90 higher at S$33.65, before the announcement.

Singapore Exchange (SGX): The Singapore bourse on Thursday reported a net profit of S$316.3 million for the second half ended June 2024, up 10.5 per cent from S$286.3 million a year prior. Its board has proposed a final quarterly dividend of S$0.09 per share, subject to approval by shareholders at its annual general meeting on Oct 10. Shares of SGX closed on Wednesday S$0.30 or 3.2 per cent higher at S$9.79.