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

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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.

 

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