Market SnapshotSingapore stocks opened higher on Monday. Hongkong Land rose 2.5%; Seatrium rose 1.1%; Sembcorp and ThaiBev rose 1%; DBS rose 0.8%; Singtel rose 0.7%; UOB rose 0.4%; Olam fell 1.6%.Stocks to Watch$Genting Sing(G13.SI)$: Resorts World Sentosa (RWS) chief casino operator Andrew MacDonald stepped down on Friday, Genting Singapore, the owner of RWS, said on Saturday. This comes after MacDonald, a former Marina Bay Sands (MBS) employee, said in August that he was banned from MBS premises for allegedly poaching high-rollers. Shares of Genting Singapore ended trading on Friday up 1.2 per cent or S$0.01 at S$0.845, before the update.$CityDev(C09.SI)$: CDL subsidiary Chenghong Shanghai acquired
DBS, OCBC, and UOB Earnings: Which Bank Giants Will Beat and Hit New High?
DBS is set to release its earnings report this Thursday, while UOB and OCBC will release theirs on Friday. In mid-October, DBS hit a record high of 39.7 SGD. UOB and OCBC reached their highs at the end of September. With the earnings reports of Singaporeโs three major banks due this week, which one do you think will beat expectations and set a new record? Which bank do you favor? Will the Fed's rate cuts bring more good news for these three major banks?
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