<p>SOUTH-EAST Asia's largest lender DBS will not be able to meet its 2019 net interest margin (NIM) growth forecast that it had guided for earlier, as the three interest rate cuts by the US Federal Reserve this year took the bank by surprise.</p>
REVALUATION gains from four investment properties lifted United Engineers' (UE) net profit to S$84.8 million in the third quarter, up from S$7.7 million in the same period a year earlier.
MAPLETREE Commercial Trust (MCT) has raised S$460.5 million in gross proceeds from its preferential offering, which was 1.45 times subscribed, it said on Monday night.
Investment holding company Innopac Holdings on Monday night said that Saxo Bank has resumed its claims of nearly S$14.7 million against the company, over the negative account balances of two subsidiaries.
MAINBOARD-listed real estate group SingHaiyi sold some three million stapled securities of Australia-listed Cromwell Property Group on Monday for A$3.96 million (S$3.7 million), or A$1.2935 apiece.
STEEL fabricator Yongnam Holdings posted a net loss of S$11.1 million in the third quarter, narrowing 19 per cent from a net loss of S$13.8 million in the same period a year earlier.
Thumb drive maker Trek 2000 International on Monday posted a net profit of about US$4,000 for the third quarter ended Sept 30, compared to a net loss of S$1.96 million a year ago.
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DYNA-MAC Holdings, which fabricates topside modules for the oil and gas industry, has posted a net profit of S$142,000 in the third quarter, down 18.4 per cent from the same period a year earlier.
