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Banks drag STI below 5,000 post-Budget, but analysts see ample ‘fiscal dry powder’
The scaled-back handouts leave room for future support; the new measures could enable the continued recovery of the capital market
Sheng Siong shares close 4.2% lower after OCBC downgrade
The stock’s forward price-to-earnings ratio is more than two standard deviations above its historical average
ST Engineering breaches S$10 to close at all-time high of S$10.11; 4.1% surge follows raft of new product news
The company’s announcements at the Singapore Airshow include a new hovercraft vessel, satellites and its biggest cargo drone
DBS shares close 1.9% lower after Q4 profit falls short of forecasts
The bank’s net profit for its fourth quarter fell 10% to S$2.26 billion
Keppel closes up 6.1% at over-12-year high on profit growth, Piyush Gupta’s appointment as chair-designate
Earnings for the full year are up 39% at S$1.1 billion
Singtel shares close 2.6% lower after 2-day rally on STT GDC deal
The telco and KKR will acquire the remaining 82% stake that they do not own in STT GDC
Hongkong Land closes 0.6% lower after hitting 10-year intraday high on Singapore private fund launch
New fund includes company’s stakes in Marina Bay Financial Centre Towers 1 and 2, Marina Bay Link Mall and One Raffles Quay
Singtel shares close 4.7% up after hitting two-month high on anticipation of potential STT GDC acquisition
The deal will be one of Asia’s largest data centre transactions if it goes through
Kore closes 4.2% down after hitting 4-month intraday high on H2 results, early resumption of distributions
Manager plans to start with a ‘conservative payout ratio’, which will be raised to a ‘sustainable level aligned with long-term portfolio performance’
UOL up 8% at highest price in two decades after JPMorgan target price upgrade
A UOL consortium has won the tender for a mixed-use site in Hougang Central
