A quick look at all the market moving events and big financial news of the day. From mm2 Asia share jump to Singapore Medical Group profit surge, get your daily dose of all the latest in the world of business right here.
Singapore shares rebounded on Monday, tracking a firmer Asia and Wall Street, as tensions between the United States and North Korea showed signs of easing.
The Straits Times Index gained 0.88 percent or 29 points to end at 3,308.
Golden Agri-Resources, a producer of crude palm oil and palm kernel, reported a 45 percent slump in second-quarter profit due to the recognition of deferred tax income of US$131 million in the previous period.
Media content provider mm2 Asia jumped 3.2 percent after posting a 30 percent jump in quarterly profit, boosted by growth at its North Asia business and strong performance of subsidiaries.
Singapore Medical Group added 1.6 percent after its first-half profit grew more than six times, fueled by growth at its healthcare services segment.
Vallianz Holdings, a provider of offshore support vessels, advanced 8 percent after it posted a 12.5 percent rise in quarterly profit, helped by growth at its Middle East market.
Spackman Entertainment, a South Korean theatrical film production group, announced its proposed acquisition of Take Pictures Pte for an undisclosed amount. Stock closed unchanged at S$0.105.