Daily Debrief: What Happened Today (Aug 12)
Stories you might have missed
Analysts have increased their price targets for DBS, with some predicting the share price could reach S$80 following the bank's record Q2 net profit of S$3.08 billion. UOL Group reported a 23% year-on-year increase in net profit to S$252.2 million for the first half of the year, demonstrating strong joint venture profits. ComfortDelGro has now fully taken control of its electric vehicle charging business, CDG Engie, by purchasing its joint venture partner Engie.
Digital Core Reit is proposing a US$315.9 million asset sale to expand into Singapore and strengthen its position in Japan, financed by the sale of mature North American assets. CapitaLand Integrated Commercial Trust's distribution per unit for the first half of the year reached S$0.0602, marking a 7.1% increase from the previous year.
JTC plans to unify zoning for one-north land parcels to create a single business park for its LaunchPad initiative. In Sentosa Cove, two-thirds of resales are experiencing losses, with the average loss exceeding S$1 million since 2023. Manila aims to boost its struggling EV industry with a billion-dollar investment, but BYD's disruption of Singapore's car market appears to be losing its effectiveness.
Vietnam is seeking annual capital market investments of US$76 billion to lessen its dependence on banks.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
