Daily Briefing: DBS shines amongst Singapore bank stocks; HDB to launch 12,000 flats in mega sale

And Advanced, True to pay $2.25b for 4G licences.

Have Singapore’s bank stocks finally caught a break? Investors have spurned shares in the Lion City’s big three banks on slower loan growth, crumbling asset quality and a gloomy macro picture. But the release of better-than-expected third quarter earnings has brought relief to the shares of DBS Group (D05.SG), United Overseas Bank (U11.SG) and Oversea-Chinese Banking Corp (O39.SG), all of whom have toppled from their 2015 highs. Read more here.

A bumper supply of about 12,000 new HDB flats will be launched for sale in the second half of this month, revealed the Housing and Development Board (HDB).The mega launch of 7,000 Build-To-Order (BTO) flats and 5,000 balance flats comes after the government announced earlier that HDB would combine the September and November 2015 sales launches. Find out more here.

Advanced Info Service Pcl, Thailand’s biggest mobile-phone operator, and True Corp. Pcl won licenses to provide fourth-generation wireless services after bidding a total $2.25 billion in an auction that stretched to 33 hours. The stocks slumped on concern they may have paid too much. Read more here.