THE following companies saw new developments that may affect trading of their securities on Monday (Oct 16):
The Singapore Exchange Group - SGX has reported a total securities market turnover value of $17.3 billion for the month of September, down 32.7% y-o-y and 26.5% m-o-m.
The month of September had 20 trading days compared to the 22 trading days each for September 2022 and August.
September also had 635 listed securities compared to the 656 listed securities in the same month in 2022 while August had 637 listed securities.
DBS: DBS Bank said all of its banking services had resumed on Sunday (Oct 15) morning, after more than 12 hours of disruption that began on Saturday afternoon.
In an update on Facebook on Sunday morning, the bank said all its services had returned to normal, including PayLah and digital banking services.
“However, any customer who may still experience difficulties logging in to their accounts via their mobile app can try to log in with digibank online/Internet banking using SMS OTP,” said the update, referring to using one-time passwords.
Tuan Sing: PROPERTY developer Tuan Sing Holdings plans to turn its headquarters at The Oxley into a hotel or serviced residence, in a bold move into the hospitality sector in Singapore.
It is also considering turning its key asset Link@896 and the freehold site next to it into a hotel or serviced residence.
Evaluation for this proposal is ongoing, subject to approval by the relevant authorities, Tuan Sing said in a corporate update on Friday (Oct 13).
The company said both properties present “potential value-creation opportunities”, with asset enhancement set to bring in incremental recurring income.
Frasers Property: The team at DBS Group Research is expecting shares in Frasers Property to take a tumble, noting that stocks “generally do not respond well to a profit warning”.
However, the team believes that much of the negatives have already been priced in at the group’s current valuations, which is at 0.3x P/B or 0.2x P/RNAV.
The team reinstated a “buy” on Frasers Property on Sept 14 with a target price of $1.21.
