MARKET UPDATES :
- SINGAPORE shares ended lower on Tuesday with the Straits Times Index slipping 15.33 points to 3,408.02. Some 1.25 billion shares, valued at S$1.23 billion were traded. Gainers numbered 210 while losers numbered 226.
- DBS Bank has been named the most valuable bank brand in Asean for the second consecutive year.The Brand Finance Banking 500 report released on Monday also showed that the bank had increased its brand value over the year by 10 per cent to $4.4 billion, and doubled it in the past five years.
- CNA Group on Tuesday announced a proposed placement of some 119 million new shares priced at S$0.0335 each that could raise up to S$3.79 million in net proceeds.These, said the mainboard-listed company, will be used for general working capital, investments and selected acquisitions in China.
- SAKAE Holdings on Tuesday said that given the group’s progress in its corporate advisory business, it is now focused on establishing an asset management business and exploring starting a S$250 million “opportunistic fund” to invest in both public and private opportunities.
- SIA Engineering Co (SIAEC) reported a net profit of S$46.3 million for the third quarter ended Dec 31, 2014, down from S$60.5 million in the corresponding quarter a year earlier.Revenue fell from S$283.8 million to S$265.3 million, while earnings per share came to 4.13 Singapore cents, versus 5.43 cents previously. SIAEC said that revenue from airframe and component overhaul declined as work content was lower with fewer heavy checks.
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