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DBS, OCBC close at fresh highs as Singapore banks lead STI gains
Citing wealth momentum as a tailwind, RHB lifts its rating on the Republic’s lenders to ‘overweight’
Koh Brothers Eco Engineering shares up 32% on proposed transfer to mainboard
Board expects the move to enhance the company’s credibility and visibility
Wilmar shares tumble 10.5% in early trade amid Indonesia probe
It is under investigation for suspected under-invoicing and transfer-pricing practices
Shares of Sats up 6.4% after posting rise in Q4 earnings
Net profit for its quarter ended Mar 31 grows 31% to S$50.7 million
Keppel shares close 4.7% higher after M1-Simba deal falls through
Analysts are mixed on the counter after the news
Yangzijiang Shipbuilding shareholders pull stock down 3.3% on margin-dilutive orders
The counter dips as much as 5.3% to a two-month low, but pares some losses to close 3.3% down
Frencken shares fall 15.5% after Q1 earnings dive
The technology solutions provider posts a 20.2% drop in net profit
AEM closes 6.7% down after touching S$10 barrier, knocking DBS off pedestal as top value traded stock
Share of AEM and other tech stocks later reverse into losses
SingPost ends 5.3% down after H2 earnings dive
Counter finishes at S$0.355 as more than 26.1 million shares change hands
Food Empire shares close 4.9% higher on record quarterly revenue
It attributes the performance to growth across most markets and a stronger rouble