Stocks to watch: DBS, UOB, Sats, Far East Orchard, GuocoLand, Elite UK Reit

THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 19): 

DBS : The lender inked a memorandum of understanding with the the Australian Trade and Investment Commission on Wednesday to deepen investment links between Australia and South-east Asia. The two will collaborate to help Australian companies expand into markets in the region, including Singapore, Indonesia, Malaysia and Vietnam. The counter ended on Wednesday 0.5 per cent or S$0.23 lower at S$44.23.

UOB : The bank and its wholly owned subsidiary UOB China have become direct participants in China’s Cross-border Interbank Payment System, a wholesale payment system authorised by the People’s Bank of China that facilitates the settlement of trading and investments in renminbi. This will enable UOB to provide cross-border renminbi clearing, settlement and payment services to businesses and financial institutions within and outside China, the bank said. Its shares closed on Wednesday 0.3 per cent or S$0.12 lower at S$34.83.