AIO Finance Analysis

Banks such as DBS Group, Oversea-Chinese Banking Corp and United Overseas Bank may be in focus after a record loss at insurer AIG exacerbated fears of more write-downs in the financial sector.

Stocks and factors to watch:

Goldman Sachs has cut the target price of conglomerate SembCorp Industries' shares to S$4.60 from S$5.70 but kept its "neutral" call, citing weak earnings in its utilities division and lack of positive catalysts.

SembCorp Industries posted a 42 percent rise in fourth-quarter profit on demand for utilities and rig building, and said it was eyeing acquisitions for growth.

Oversea-Chinese Banking said it has withdrawn its offer for commodities and property firm Straits Trading

MapleTree Logistics Trust said it has agreed to buy a warehouse for S$26.5 million ($19 million).

Swiber Holdings said its fourth-quarter net profit jumped more than five times to $20.2 million.

Source: Reuters