Report
Singapore bank stocks fall ahead of earnings as STI drops 1.4% by noon on November 2
OCBC led the declines after its subsidiary Great Eastern reported a 72% year-on-year drop in third-quarter net profit.
TLDR
At 11:43 a.m. on November 2, OCBC shares were down 3.7%, compared with 2.5% for DBS and 2.2% for UOB. The Straits Times Index stood at 5,303.84 by noon. UOB is scheduled to report third-quarter results on November 4, followed by DBS on November 5 and OCBC on November 6.
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