The following companies may have unusual price changes in trading today, say Thomson Reuters and Bloomberg. Share prices are from the previous close. Singapore’s Straits Times Index dropped 1.1% to 2,762.22 last Rhursday. The market was shut for a public holiday last Friday.
DBS Group Holdings (DBSM.SI) owns 50% of tiny Islamic Bank of Asia, which focuses on wholesale commercial banking, corporate finance, capital markets and wealth management services in the Middle East and Asia from its offices in Singapore and Bahrain. DBS also has a branch in Dubai. DBS, 28% owned by state investor Temasek (TEM.UL), derives the bulk of its revenue from Singapore and Hong Kong. But in its earnings statement for the second quarter ended June 2009, it blamed an increase in non-performing loans to “exposures to shipping and Middle East corporates and institutions”.
