DBS HK expects to grow on all fronts
DBS Hong Kong CEO was in Singapore last week as he said that DBS HK expects its number of wealth management customers to grow 20% this year, with last year registering an increment of 13% and 9% for its affluent customer base and average assets under management respectively.

Its small and medium enterprises (SMEs) sector has a 7% market share in Hong Kong, with revenue from SMEs increasing 12% last year while expecting another solid growth of 30% for the current year. For FY12, DBS HK has posted a 25% year-on-year increase in net profit to a record S$716 million. 

Genting net profit drops 38%
In its latest fourth quarter earnings result, Genting reported a net profit drop of 38% to S$162.2 million, due mainly to a one-time property write-off. Gaming revenue fell 3% to S$627 million, with margins coming under pressure for the first half of this year. 

Genting closed down -1.4% to $1.455 on Monday, registering a 5.1% gain year-to-date.

Ezra’s roller-coaster share price after clinching contract
Ezra jumped as much as 5.6% gain on 15 March, its largest 1 day increase for the year, with traded volume clocking in an astonishing 374% increase day-on-day.

This came after the company announced that it won a US$165 million subsea pipeline contract in Norwegian North Sea.

The rally fizzled on Monday though, as it slumped 2.7% to $1.10. Despite its earlier rally, it is still down 3.5% for the year.

SPH planning REIT, share price jumped
SPH, Southeast Asia’s leading media organisation, announced on 10 March that it is currently exploring the establishment of a REIT, causing the stock to gain 7.7% since then. It closed at $4.49, a 0.66% increase day-on-day. SPH owns stakes in Paragon, The Clementi mall as well as Seletar Mall.

According to SGX My Gateway report on 6 March,  Singapore REITs maintained the region’s highest yield of 5.32% as of 28 February, with the FTSE ST REITs Index generating a total return of +45% over the past 12 months.

Source: Macquarie Research - 19 Mar 2013