Stocks to watch: DBS, Singtel, ST Engineering, UOL, SGX, Food Empire, Prime US Reit, Soilbuild Construction

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 10):

DBS , Singtel , ST Engineering : The Singapore bank, telecommunications giant and defence technology company, respectively, were among the top performers in Temasek’s Singapore-based portfolio companies in the past year. They were a key factor in boosting its net portfolio value to a record S$434 billion for the financial year ended Mar 31. This figure is a S$45 billion increase from the S$389 billion recorded in the previous financial year, and surpasses the previous high of S$403 billion posted in FY2022. DBS saw its share price rise more than 20 per cent in the past year, while Singtel gained around 40 per cent. ST Engineering nearly doubled in value over the same period. Shares of DBS closed 0.2 per cent or S$0.08 down at S$45.65, Singtel’s shares closed 0.3 per cent or S$0.01 up at S$3.96, and ST Engineering’s shares ended 0.4 per cent or S$0.03 higher at S$8.24 on Wednesday after the announcement.

UOL : Its wholly owned subsidiary UOL Treasury Services has priced S$75 million worth of notes at 2.78 per cent under its S$2 billion multicurrency medium-term note programme established in November 2014. The notes will be issued as the second tranche of the programme’s fifth series and are payable semi-annually, said the property player on Wednesday. The expected maturity date is Jul 15, 2032. Shares of UOL ended 3.4 per cent or S$0.22 higher at S$6.61 before the news.