06 Feb '13, 5am

STOCKS NEWS SINGAPORE-Index flat; DBS falls after Q4 earnings: Singapore shares were little changed, with DBS Gr...

Singapore shares were little changed, with DBS Group Holdings Ltd underperforming the market after the bank's fourth-quarter earnings missed expectations due to weak margins. The Strait Times Index was flat, while the MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. DBS shares fell as much as 2.2 percent to their lowest in nearly a week. DBS posted a net profit of S$760 million ($613.5 million) for October-December against a net profit of S$731 million a year earlier. This missed an average forecast of S$810 million, according to six analysts surveyed by Reuters. Shares of SIA Engineering Co Ltd dipped as much as 3.6 percent to a two-week low after it reported weaker-than-expected third-quarter earnings. Some 778,000 shares were traded, 2.2 times the average full-day volume over the past 30 days. CIMB Research said the company's third-quarter ne...

Full article: http://news.yahoo.com/stocks-news-singapore-index-flat-db...

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