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Singapore Wrap Monday

Today's notable stories

Reits' earnings

M1 net profit up 6.6% in Q1

Local telco M1 reported a 6.6 per cent rise in net profit to S$45.7 million for the first quarter of 2015 on Monday on a revenue of S$294.8 million, up 22.8 per cent over S$240.2 million one year ago. READ MORE.

Singapore: Penny stocks rule even as STI rises to 7-year high

The Straits Times Index may have risen 12.01 points to 3,484.39 on Monday, its highest closing in about seven years but you wouldn't know it speaking to dealers since the action and excitement was mostly in churning penny stocks - the lower priced, the better. READ MORE.

National Wages Council has new chairman

Peter Seah is taking over as the new National Wages Council (NWC) chairman. He succeeds Professor Lim Pin who was chairman of the NWC from 2001 to 2014. READ MORE.

No immediate decision to demolish Lee Kuan Yew's Oxley Road house: PM Lee

There is no need to make an immediate decision regarding the demolition of the house owned by Singapore's founding prime minister, Lee Kuan Yew, said his eldest son, Prime Minister Lee Hsien Loong, in parliament on Monday. READ MORE.

Hot stock: LHN retreats from early gains

Shares of real estate management services firm LHN Limited, which debuted on Catalist on Monday, lost ground from early-trading gains. READ MORE.

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