This week has seen its fair share of corporate activity and earnings.
Early in the week, Keppel Corporation (SGX: BN4) stunned investors with its announcement on the proposed acquisition of Singapore Press Holdings Limited (SGX: T39).
Investors only had a few days to digest this news when Singapore’s trio of local banks reported their fiscal 2021 second-quarter earnings.
Suffice to say the numbers were like a breath of fresh air.
Across the board, all three banks saw earnings rise sharply for the second quarter of 2021 (2Q2021) as allowances plunged.
Dividends were also restored to levels last seen before the pandemic broke out.
The stronger numbers were an affirmation of a brighter outlook amid rising economic activity as the world recovers from a painful downturn.
Here is a list of our top articles for the week.
1. UOB Hikes its Dividend Above 2019 Payout: 5 Highlights from the Bank’s Latest Earnings
United Overseas Bank Ltd (SGX: U11) reported...