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STI closes 0.53% lower on Friday as Trump takes fire at China tech

7 Aug 2020 - The Business Times
THE Straits Times Index (STI) fell 13.59 points or 0.53 per cent to 2,545.51 on Friday as US president Donald Trump's growing attack on the Chinese tech sector sent Asian stock indices lower, while punters continued to hope for a US stimulus package to keep the global economic recovery on track. Ipek ...
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Singapore stocks open lower on Friday; STI down 0.5%

7 Aug 2020 - The Business Times
SINGAPORE shares opened lower on Friday, as lender OCBC Bank posted a larger-than-expected fall in Q2 net profit. The benchmark Straits Times Index (STI) fell 0.5 per cent or 13.10 points to 2,546 as at 9.04am. Gainers outnumbered losers 78 to 59, after 93.2 million securities worth S$85.3 million changed ...
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Stocks to watch: OCBC, DBS, UOB, CapitaLand, Genting, Wilmar

7 Aug 2020 - The Business Times
THE following companies saw new developments that may affect trading of their shares on Friday: OCBC Bank: OCBC on Friday posted a larger-than-expected 40 per cent fall in Q2 net profit on surging provisions, as the bank joined its peers in bumping up provisions to buffer against bad loans to emerge ...
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Daily Markets Briefing: STI up 1.04%

7 Aug 2020 - Singapore Business Review
Riverstone led the gains amongst top active stocks with a 7.6% expansion. The Straits Times Index (STI) ended 26.41 or 1.04% higher at 2,559.10. The top active stocks were DBS, which advanced 2.87%, Riverstone, which jumped 7.6%, OCBC Bank, which inched up 1.85%, UOB, which grew 1.75%, and YZJ Shipbldg ...
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STI closes 1.04% higher on Thursday; YZJ among top actives

6 Aug 2020 - The Business Times
THE Straits Times Index (STI) rose for a third straight day to close 1.04 per cent or 26.41 points higher at 2,559.10 on Thursday, buoyed by positive updates on the Covid-19 vaccine front and speculation over the progress of a US stimulus package. About 1.63 billion securities worth S$1.32 billion changed ...
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Singapore stocks open higher on Thursday; STI up 0.8%

6 Aug 2020 - The Business Times
SINGAPORE shares rose on Thursday even as local lenders DBS and United Overseas Bank (UOB) posted lower Q2 earnings. The benchmark Straits Times Index (STI) rose 0.8 per cent or 19.97 points to 2,552.66 as at 9.06am. Gainers outnumbered losers 106 to 58, after 93.2 million securities worth S$111.5 million ...
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Stocks to watch: DBS, UOB, Wilmar, Sembcorp, Sembmarine, Singtel

6 Aug 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Thursday: DBS: DBS on Thursday posted a 22 per cent fall in second-quarter net profit, dragged by further provisions and flat total income. Shares of DBS closed on Wednesday at S$19.83, up S$0.14 or 0.7 per cent. ...
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Alibaba Pictures to delist from SGX-ST on 4 December

6 Aug 2020 - Singapore Business Review
Upon delisting, the shares will only be traded on the Hong Kong Stock Exchange. Alibaba Pictures Group has received the approval from SGX-ST to delist from the local bourse on 4 December, an SGX filing revealed. Upon completion of the proposed delisting, the shares will only be traded on the Hong Kong ...
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UOB's net profits down 30% to $1.56b in H1

6 Aug 2020 - Singapore Business Review
The lender has set aside more allowances for further macroeconomic deterioration. United Overseas Bank’s (UOB) net profits crashed 30% YoY to $1.56b in H1 from $2.22b a year earlier, the bank’s latest results showed. Total income also shrank 6% YoY to $4.67b in H1. The lender set aside more allowances ...
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DBS' H1 net profit nosedives 26% to $2.41b

6 Aug 2020 - Singapore Business Review
The bank has cast aside $1.26b to bolster its balance sheet. DBS has posted a 26% YoY crash in its net profit to $2.41b in H1 from $3.25b in H1 2019 as total allowances jumped five-fold to $1.94b, according to an announcement. The bank has allotted $1.26b in general allowances to fortify its balance ...
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