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Singapore Wrap Wednesday

Today's notable stories

ComfortDelGro Corp posted a 6.8 per cent increase in net profit to S$67.6 million for the first quarter ended March from S$63.3 million a year ago.

Corporate Earnings

Moody's compares Singapore's DBS, OCBC and UOB

Moody's Investors Service says a number of differences among Singapore's three largest banking group by assets - DBS Bank Ltd (Aa1 stable, aa3), Oversea-Chinese Banking Corp Ltd (OCBC, Aa1 stable, aa3) and United Overseas Bank Limited (UOB, Aa1 stable, aa3) - could lead to credit differentiation over time.

DBS seeks to start India unit as rules eased for foreign lenders

Market voices on:

DBS Group Holdings Ltd, Southeast Asia's largest lender by assets, has sought Reserve Bank of India approval to set up a wholly owned unit in a move to deepen its presence in the South Asian nation.

Sembcorp Industries markets benchmark-sized perpetual securities

Energy, water and marine group Sembcorp Industries has launched a benchmark-sized offering of SGD subordinated perpetual non-call five securities.

Non-landed private home rents unchanged, HDB flat rents dip in April; both volumes down: SRX

Rentals of non-landed private residential units in Singapore remained unchanged while rentals of HDB flats dipped 0.7 per cent in April 2015 compared to March, according to the latest SRX Property Price Index released on Wednesday.

Industrial site in Ang Mo Kio up for sale

A "BUSINESS 2" zone site in Ang Mo Kio has been put up for sale by a major Japanese semiconductor company.

Singapore: Shares end 0.3 per cent higher

Small gains from Singtel and the Jardine group lifted the local market on Wednesday, with the Straits Times Index up 10.84 points or 0.3 per cent to 3,453.17.