Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From Yangzijiang Shipbuilding share surge to Sabana REIT buyout talks, get your daily dose of all the latest in the world of business right here.

  • Singapore shares ended little changed on Tuesday as losses in DBS Group Holdings were tempered by gains in Yangzijiang Shipbuilding after stellar results.
  • The Straits Times Index lost 0.08 percent or 3 points to end at 3,318.
  • China-based Yangzijiang Shipbuilding rose up as much as 8 percent after it posted a 73 percent jump in second-quarter profit.
  • Warehouse operator Global Logistic Properties ended unchanged after it reported a 29 percent fall in first-quarter profit due to lower revaluations.
  • Sabana Shariah Compliant Industrial REIT said it is currently in talks with ESR Funds Management to explore options in connection with its strategic review. Stock was down 1 percent after the removal of trading halt.
  • Realty developer Perennial Real Estate Holdings lost 1.1 percent despite reporting a 96 percent jump in second-quarter net profit.
  • Jumbo Group, which operates seafood restaurants in Singapore, China and Japan, reported a slightly lower profit for the third-quarter profit.
  • Food manufacturing company QAF, whose brands include Gardenia and Farmland, posted a 72 percent slump in the second-quarter profit due to lower selling prices at Rivalea and higher foreign exchange losses.