Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.

Singapore retail sales fall 27.8% in June amid Phase 2 of post-circuit breaker reopening (CNA)

The estimated total retail sales value in June was about S$2.6 billion, with online retail sales making up an estimated 18.1 per cent. Online retail sales of computer and telecommunications equipment, furniture and household equipment, as well as supermarkets and hypermarkets industries made up 69.9 per cent, 45.6 per cent and 10.7 per cent of the total sales of their respective industries. Sales of F&B services fell 43.5 per cent year-on-year, compared to the 50.1 per cent decline in the previous month, said SingStat.

Sheng Siong Group Limited Post Result Announcement (Investor-One)

HSBC’s first-half profits miss expectations as bank sets aside more funds for loan losses (CNBC)

• HSBC reported a 65% fall in pre-tax profits for the first half of 2020 to $4.3 billion — missing analysts’ expectations.

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