1.OCBC announced last Friday that it would lower interest rates for multiple savings accounts starting from August 1. Among them, the interest rate structure of the 360 savings account reward remains unchanged, but the specific interest rate has been lowered, and the highest effective annual interest rate for the first 100,000 yuan deposit has dropped from the current 6.3% to 5.45%. The deposit interest rate for the first 100,000 yuan in the "grow" category of accounts has been lowered from 2.2% to 2%. OCBC Bank has lowered the interest rate of Bonus+ savings account from 2.35% to 1.80% starting on June 1, and this time it lowered it to 1.6%.
2. EcoWise, which is listed on Kelly Board, announced its fourth-quarter and full-year results for the 2025 fiscal year ended at the end of April. The group's annual revenue rose 9% to 34.3 million yuan; net profit of 1.52 million yuan, reversing the loss of nearly 1.3 million yuan last year; earnings per share was 0.156 points, compared with a loss of 0.136 points last year; net profit in the fourth quarter was 1.26 million yuan, higher than 280,000 yuan in the same period last year. The company resumed trading in April this year and closed at 0.021 yuan last Friday, up 5%.
3. Renaissance United, which is on the watch list, announced its full-year results as of the end of April on Sunday (29th). The company's revenue fell 16.7% year-on-year to 78.24 million yuan, and its net loss expanded by 34.9% to 13.68 million yuan. Loss per share rose to 0.139 cents and no dividend was paid. The company's stock price finally came to 0.001 yuan.
The following are stocks that can be watched on Monday (30th):
Overseas Chinese also lowered the highest interest rate of Premier Dividend + Savings Account from 2.35% to 1.25%. Overseas Chinese shares rose 0.74% to 16.35 yuan last Friday.
The acquisition is conducted through TW Troy, a special purpose company managed by Tamarind Health. TW Troy proposed in December last year to privatize TalkMed, a listed motherboard company, through agreement arrangements at a price of RMB 0.456 per share. After the transaction is completed, 65 Equity Partners, a global investment institution backed by Temasek Holdings, will hold approximately 18.3% of Tamarind Health's voting shares, while doctors' shareholders will hold approximately 31.3%. TalkMed closed at 0.45 yuan, with no change.
Driven by the increase in the Federal Reserve's expectation of a rate cut, the three major U.S. stock indexes rose across the board last Friday (June 27). Among them, the S&P 500 index hit a historical high, rising 0.52% to 6173.07 points. The Dow Jones Industrial Average rose 1% to 43,819.27 points; the Nasdaq rose 0.52% to 20273.46.
In Singapore, the Straits Times index closed at 3966.2 points last Friday, up 82.77 points or 2.1% for the whole week.
Nine of the 11 sectors of the S&P 500 rose, with the stock sectors of consumer discretionary and communications services performed particularly strongly, up 1.78% and 1.55% respectively.
4. The Singapore Competition and Consumer Council (CCCS) approved Tamarind Health's plan to acquire TalkMed Group, a locally listed medical group, last Friday. Tamarind Health is a Singapore-based pan-Asian oncology group.