U.S. futures retreated and Asian stocks looked set to decline as investors mulled further signs of coronavirus outbreaks in countries from the U.S. to Australia. S&P 500 contracts fell in early Asia trading and those in Japan and Hong Kong pointed lower. California reported record new cases and Florida infections jumped more than the weekly average. The Australian dollar was weaker as one state extended its state of emergency due to fresh cases. The kiwi fell.

Eagle Hospitality Trust (EHT) announced more defaults and legal proceedings on Sunday night, and updated that the total liabilities incurred by the master lessees in respect of its properties are US$50.7 million. The figure was US$44.6 million when disclosed in a May 15, 2020 announcement, and included the amounts being claimed as announced in this SGX filing.

OCBC Bank says it is aiming to expand its sustainable finance portfolio to S$25 billion by 2025, riding growth momentum that is expected to continue over the next few years despite Covid-19. The bank recently said that its sustainable finance portfolio has surpassed S$10 billion in size, a goal that it was targeting to achieve by 2022.

DBS has been named the inaugural winner of the Digital Transformation Award in the Hackett Group’s Digital Awards 2020, marking the first time a Singapore company has been recognised in the Hackett Group’s awards. The bank was also a finalist in the Automation – Artificial Intelligence category, for its Joy Corporate Banking Chat Bot.

As a primary supplier in Asia for AMAT, UMS and has renewed its integrated system business contract for another three years. It is common for smaller contractors down the semiconductor supply chain to get squeezed by the big boys, but Singapore-listed UMS has consistently operated more profitably than most, posting an enviable net margin of 30.7 per cent in the March quarter.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR