Market SnapshotSingapore stocks opened lower on Friday. STI down 0.4%; DBS up 2%; Sembcorp down 14%; SIA down 4%; Genting Sing down 3%; OCBC and SingaporeLand down 2%.Stocks in FocusUOB : Trade loans are expected to contribute more visibly to the bank’s balance sheet over time although they take up a relatively small portion of its total portfolio, said UOB top executives at its Q2 earnings call on Thursday. This comes as UOB’s trade loan portfolio rose 12 per cent year on year in the first half of FY2025. UOB executives also said that the bank will remain looking out for mergers and acquisitions opportunities. Shares of the bank finished on Thursday 1.8 per cent or S$0.64 lower at S$35.81.Singapore Exchange (SGX) : The Singapore bourse announced on Friday that its net profit for the secon
SG Movers: ST Engineering & iFast 😭 Buy the Dip or Stay Away?
ST Engineering falls 6.3% despite higher first-half profit; stock had surged over 80% year to date. iFast lost 8% on Tuesday as substantial shareholder CP Invest – a subsidiary of Temasek-owned Cuscaden Peak Investments – reduced its stake in the company. The counter was down 11.3 per cent or S$1.11 at S$8.66 as at 9.09 am, after closing at S$9.77 the previous day. It was the biggest drop since Apr 28, with the stock nearly up 20 per cent in the year to date. ------- Is it still overvalued after surging 80% ytd? Or a bargain under sgd 8?
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