Singapore Wrap Thursday

HDB resale prices down 0.5% in July: SRX

HDB resale prices dropped 0.5 per cent in July from a month ago, going by SRX Property's flash estimate, with four-room, five-room and executive flats being the main drag.

Noble says it has fully redeemed its senior notes due 2015 and 2020

Noble Group said on Thursday that it has fully redeemed the 2015 and 2020 securities the day before.

Metro buys Singapore-based food service group for US$290m

German retailer Metro AG has bought Singapore-based restaurant supplier Classic Fine Foods Group from private equity group EQT for $290 million, it said on Thursday as it reported a slowdown in same-store sales due to a shift in Easter.

Second phase of Downtown Line with 12 stations to open on Dec 27

The second phase of the Downtown MRT Line (DTL2) - which will pass through the Bukit Timah corridor and has 12 stations - will open on Dec 27.

Corporate Earnings

• Hyflux earnings plunge 58% in Q2
• Ho Bee Land's Q2 profit jumps 37%
• Kim Heng Offshore & Marine expects to report loss in Q2

The STI Today

Singapore: Shares end the week weaker amid thin volume on Thursday

It hasn't been a particularly good week for the local stock market, with the Straits Times Index dropping for two out of the four days, and with Thursday's 5.27 points rise to 3,196.66 only a token - and feeble - attempt at a National Day rally.