Singapore stocks: STI resumes Tuesday afternoon down 0.6% on day

Singtel was another active. Shares in Singapore's largest telco fell S$0.03 or 0.9 per cent to S$3.18.

Last Thursday, Singapore's largest telco posted a 23.8 per cent decline in Q3 net profit to S$627.2 million. Since earnings were released, Singtel shares have fallen 5.7 per cent. Financials continued their downtrend. DBS shares dipped S$0.14 or 0.6 per cent to S$25.34, OCBC Bank fell S$0.06 or 0.6 per cent to S$10.95 and United Overseas Bank traded at S$25.91, down S$0.14 or 0.5 per cent as at 1.06pm.

Among property trusts, Eagle Hospitality Trust dipped US$0.01 or 1.9 per cent to US$0.52. On Tuesday morning, EHT posted a Q4 distribution per stapled security of 1.179 US cents, 24.4 per cent below its intial public offering forecast. Elsewhere in the Asia-Pacific, benchmarks in Australia, China, Hong Kong, Japan, Malaysia, South Korea, Taiwan and Malaysia were lower.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong: Stocks fall at Tuesday's openHongKong: Stocks fall at Tuesday's open
Source: BusinessTimes - 🏆 15. / 51 Read more »

Get the Latest Business & Financial News - THE BUSINESS TIMESSingapore Deputy Prime Minister and Finance Minister HengSweeKeat will deliver his SGBudget2020 speech in Parliament at 3pm Singapore time (GMT+8hrs). Follow it all at & we’ll be live-tweeting here too
Source: BusinessTimes - 🏆 15. / 51 Read more »

Flight of fancy? Aviation industry tries to go greenFrom an emissions-reducing model jet that looks like something from a sci-fi movie to electric aircraft and sustainable fuel, the aviation industry is ramping up efforts to go green as consumer pressure grows. In an era when teen climate activist Greta Thunberg opts to travel on an eco-friendly boat
Source: YahooSG - 🏆 3. / 71 Read more »