12:26 PM
Your Advisor
> S'pore: Shares open lower:-
• Singapore share prices opened lower on Wednesday with STI down 16.89 points to 2,981.55.
• Volume was 127.5 million shares worth S$295 million.
• Losers outnumbered gainers 108 to 23.
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> Bank loans growth hits the skids:-
• Singapore's three local banks, due to report earnings in coming weeks, warned earlier this year that loan growth will slow to the low teens in 2012.
• Singapore-dollar loans to businesses and consumers grew 7.6% over the first six months of this year, down from 16% over the same period last year.
• Preliminary data for June from the Monetary Authority of Singapore, shows that loans and advances from domestic banking units grew a slower 1.7% over the month, after a 2.2% spike in May thanks to a sharp rise in business lending.
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> More SGX Stock News Headlines:-
• Ascendas India Trust reported a 3% YoY increase in 1Q13 total property income to S$32m. Net property income moved up 1% to S$17.8m. DPU is 1.2 S-cents.
• Mapletree Industrial Trust reported 1Q13 distributable income of S$36.9m, up 27.1% YoY. Net property income rose 26.4% YoY to S$48.3m. DPU climbed 14% to 2.26 S-cents.
• IHH Healthcare is debuting on Bursa Malaysia and SGX today. The IPO price is MYR2.80 and S$1.11 per share.
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