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Weak loan growth to hit OCBC's Q3 profits

23 Oct 2019 - Singapore Business Review
Loan growth could moderate to 3.2% over higher credit costs. OCBC’s net profit is expected to fall 9.1% YoY and 7.5% QoQ to $1.13b for Q3 2019, underpinned by higher credit costs in the quarter, according to UOB Kay Hian. Loan growth is also projected to moderate to 3.2% YoY in light of the government ...
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Daily Markets Briefing: STI up 0.69%

23 Oct 2019 - Singapore Business Review
Keppel Corp led the gains amongst top active stocks with a 14.38% jump. The Straits Times Index ended 21.52 or 0.69% higher at 3,160.67. The top active stocks were Keppel Corp, which leapt 14.38%, Singtel, which climbed 1.24%, DBS, which climbed 0.53%, OCBC, which rose 0.38%, and UOB with a 0.23% fall. ...
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CapitaLand Mall Trust NPI up 17.6% to $144.2m in Q3

22 Oct 2019 - Singapore Business Review
Income was boosted by contributions from Funan and Westgate. CapitaLand Mall Trust’s (CMT) net property income (NPI) jumped 17.6% YoY to $144.2m in Q3 2019, the company announced. Distributable income grew 9.1% to $113.0m over the same period, translating to a 4.8% climb in distribution per unit (DPU) ...
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ST Engineering bags $1.8b worth of contracts in Q3

22 Oct 2019 - Singapore Business Review
About $1b of the deals were in the aerospace sector. ST Engineering’s Aerospace and Electronics sectors have clinched $1.8b worth of new contracts for Q3 2019, the company announced. The Aerospace sector secured contracts worth a total of $1b, ranging from nacelle component and floor panel manufacturing ...
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ST Engineering unveils new range of autonomous buses

22 Oct 2019 - Singapore Business Review
The STROBO Series 12 bus is being tested out until early 2020. ST Engineering unveiled a new range of autonomous vehicle platforms under the STROBO portfolio brand at the ITS World Congress 2019, according to a press release. Also read: Singapore trails only behind Netherlands in readiness for driverless ...
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OCBC joins Singtel's regional e-payment alliance

22 Oct 2019 - Singapore Business Review
The bank’s customers will soon be able to pay using QR codes in Thailand and Japan. OCBC Bank customers can soon go cashless in Thailand and Japan after the bank joined Singtel’s VIA mobile payment alliance, according to a press release. By Q1 2020, QR code payments will be available to customers at ...
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Daily Markets Briefing: STI up 0.8%

22 Oct 2019 - Singapore Business Review
Sembcorp led the gains amongst top active stocks with a 10.07% increase. The Straits Times Index ended 24.99 or 0.8% higher at 3,139.15. The top active stocks were SingTel, which expanded 2.22%, OCBC, which diminished 0.65%, Sembcorp, which grew 10.07%, DBS, which remained unchanged, and UOB with a 0.5% ...
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Late-Night #CashDrop: Hunt for $1,000 Cash Every Hour Between 7pm to 11pm From 25 to 27 October 2019 at Sentosa Island

21 Oct 2019 - ACN Newswire
The folks behind Singapore's viral cash hunt, Hunt The Mouse, has partnered Sentosa Development Corporation to bring you the first-of-its-kind, after-dark cash hunt - Late-Night #CashDrop. From 25 to 27 October 2019, a glow-in-the-dark token will be dropped at a random location on Sentosa Island every ...

Greater Southern Waterfront to spur massive gains for Mapletree Commercial Trust

18 Oct 2019 - Singapore Business Review
Majority of MCT’s portfolio is within the HarbourFront Area, including its crown jewel VivoCity. Mapletree Commercial Trust (MCT) stands to be the primary beneficiary of the development of Greater Southern Waterfront (GSW), according to a report by UOB Kay Hian. Ninety-one percent (91%) of MCT’s portfolio ...
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Daily Briefing: AA REIT ends $94.91m secondary placement; NTUC FairPrice stops charging for plastic bags

18 Oct 2019 - Singapore Business Review
And here’s how Penang is planning to lure in Singaporean visitors. From DealStreetAsia: AIMS APAC REIT (AA REIT) has completed a $94.91m secondary placement through a book-building process. The total number of units that were subscribed to is approximately 70.32 million priced at $1.35 per unit. The ...
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