Stocks to watch: DBS, Tuan Sing

THE following companies saw new developments that may affect trading of their securities on Monday (Oct 16):

DBS : All its banking services resumed on Sunday morning after over 12 hours of disruptions to its digital, ATM and payment functions, which began on Saturday afternoon. The incident marked DBS’ fourth service disruption for the year and was attributed to an issue at its data centre, which is also used by other organisations. Shares of DBS closed S$0.23 or 0.7 per cent lower at S$33.77 on Friday, before the outages.

Tuan Sing : The property developer plans to turn its headquarters at The Oxley into a hotel or serviced residence as it explores moving into the hospitality sector in Singapore. It is also considering turning its key asset Link@896 and the freehold site next to it into a hotel or serviced residence, said the group in a corporate update on Friday. Shares of Tuan Sing closed flat at S$0.285, before the announcement.