Market Snapshot
Singapore stocks are closed on Monday in observance of the Deepavali public holiday.
SG Local News
DBS, OCBC, and UOB Face Heavy Selling Pressure.
The shares of the three Singapore banks dived last week as they reported mixed Q3 2026 financial numbers. But imagine how ugly things might have been if their shares had not already taken a beating in early October after some analysts flagged the risk of their financial performance falling short of the market’s elevated expectations.
Ironically, OCBC – which led the sell-off in early October – was the only one that managed to beat analysts’ forecasts. Its net profit for Q3 2026 increased 3 per cent to S$2.04 billion.
DBS reported a 5 per cent decline in Q3 2026 net profit to S$2.81 billion. UOB’s net profit for the quarter came in at S$1.25 billion, up 182 per cent against an exceptionally depressed Q3 2025 net profit of just S$443 million.
Haze in 2026 estimated to cost Singapore S$2.32 billion, up 4% from 2015: experts
This year’s haze episode – the worst in more than a decade – has cost Singapore’s economy S$2.32 billion as at Oct 31, about 4 per cent higher than in 2015.
This is according to a preliminary estimate from Nanyang Technological University’s (NTU) Professor Euston Quah and Singapore University of Social Sciences’ (SUSS) Dr Eugene Or.
“The sheer scale of this damage strengthens the case for funding prevention alongside tougher penalties,” they argued.
Singapore Blue Chips Singtel, SATS and SIA Set to Report Earnings This Week
Facebook, Instagram and TikTok must soon verify the identities of advertisers on their platforms against government-issued records.
They need to block advertisements from financial services firms not licensed in Singapore, too. This includes advertisers not licensed by the Monetary Authority of Singapore or other relevant authorities in Singapore.
The three social media platforms have to comply with these new requirements by Jan 31, 2027 under a new Code of Practice for Social Media Services for such platforms announced by the police on Aug 18.
Failure to comply is a criminal offence under the Online Criminal Harms Act, which may result in fines of up to S$1 million.
