Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From DBS Group asset woes to Keppel's director resignation, get your daily dose of all the latest in the world of business right here.

  • Singapore shares edged lower on Monday, hurt by a decline in DBS Group shares after the lender flagged worries over asset quality.
  • The Straits Times Index lost 0.22 percent or 7 points to end at 3,319.
  • Index heavyweight DBS fell 1.8 percent after the lender on Friday said asset quality pressures will continue and the risk of heightened credit costs in the oil and gas support services sector will persist with low oil prices.
  • Kimly, the largest traditional coffee shop operator in Singapore, posted a 20 percent fall in third-quarter net profit due to higher staff costs and operating leases as the group expands its operations.
  • Construction group BBR Holdings swung to a first-half profit, helped by improved share of associates' profits.
  • Commodity trader Noble Group said it does not want to comment further on allegations hurled by Iceberg Research, having "already commented extensively" on them. The stock plunged 5 percent.
  • Shares in World Class Global jumped 4 percent after it reported a smaller loss in the first-half, helped by foreign exchange gains.
  • Stratech Group said it has "had preliminary discussions with certain parties" to monetize its intellectual properties and seek investments in the group. Trading in Stratech Group shares were suspended.