Market highlights

1 Hyundai Motor said net profit dropped to 852 billion won (S$1.03 billion) in the third quarter from 1.06 trillion won a year ago, warning of weak demand and rising competition in the United States.

2 Deutsche Bank reported a third-quarter net profit of €647 million (S$1 billion), more than double 2016's figure, as it continues to battle through restructuring and Europe-wide headwinds.

3 Las Vegas Sands, capitalising on the rebound in Macau gambling, will spend US$1.1 billion (S$1.5 billion) renovating its properties there, including turning the Sands Cotai Central into a London-themed resort.

Yuuzoo has issued 10 million new drawdown shares at an issue price of 5.8 cents per share. The drawdown of $580,000 will be used for the company's plans for business development and growth.

Sheng Siong Group has posted a 25.3 per cent year-on-year increase in net profit to $19.6 million for the three months ended Sept 30.

   

A version of this article appeared in the print edition of The Straits Times on October 27, 2017, with the headline 'Market highlights'. Print Edition | Subscribe