Daily Debrief: What Happened Today (Oct 7)

Stories you might have missed

OCBC sheds S$8 billion in value as shares close nearly 6% down; analysts cautious on banks

[SINGAPORE] RHB maintained an “overweight” rating on the Singapore banking sector, identifying OCBC as its top pick with a target price of S$33.70 in a Wednesday (Oct 7) report, while some other analysts remained cautious.

COE premiums fall across most categories; Cat A ends at S$130,001

[SINGAPORE] The Category A certificate of entitlement (COE) premium dropped slightly to S$130,001 in the Oct 7 tender exercise, after reaching an all-time high of S$133,009 in early September.

Major data centres to meet stricter security, resilience rules with the passing of new Bill

[SINGAPORE] Large data centres that underpin critical digital services in Singapore will need to account for a range of risks from physical and operational continuity to cyber security with the passing of a new Bill and amendments to an existing law.

Indonesia’s IPOs slow to a trickle after regulator raises listing bar

[JAKARTA] Indonesia’s initial public offering market is heading for one of its quietest years in recent memory as market turbulence, global uncertainty and tougher listing standards put the brakes on new listings.

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Daily Debrief: What Happened Today (Oct 6)

AI bubble may burst soon amid financing concentration, rising rates: Ray Dalio

[SINGAPORE] Markets may be close to the point when the artificial intelligence bubble will burst, as debt grows while interest rates rise, said prominent investor Ray Dalio.