28 August 2023
Market View: HPL’s plan to redevelop Forum mall, voco Orchard Singapore and HPL House; China’s Evergrande’s shares slumps 87% after 17-month halt; OCBC’s digital service outage; Fed Chair Jerome Powell’s comments at Jackson Hole Symposium
Singapore stocks started the week on a positive note after Wall Street ended its last trading session higher.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,207.09 points after 58.1 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Yangzijiang Shipbuilding being a hot stock of the day at over 12-year highs.
Meanwhile from Hotel Properties Limited’s plan to redevelop the Forum mall to China Evergrade Group slumping as much as 87 per cent in Hong Kong after a 17-month trading halt, more corporate headlines are in focus.
On Market View, the Drive Time team unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.

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21 August 2023
Market View: Singtel’s Q1 net profit down 23.1% yoy; China’s smaller-than-expected rate cut, Impact on Chinese blue chips; Citigroup reportedly mulling plan to disband its Institutional Clients Group; Jackson Hole Symposium, Fed Chair Jerome Powell to speak
Singapore stocks opened weaker today after global markets ended the week mixed.
In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,155.93 points after 181.9 million securities changed hands across the broader market.
In terms of companies to watch for today, we have Singtel, after the telecommunications operator posted a net profit of S$483 million for the first quarter ended June.
Elsewhere, from China’s smaller than expected cut to lending rates to a media report of Citi considering a plan to disband its Institutional Clients Group and what to expect at the Jackson Hole symposium later this week,  more international headlines are in focus.
On Market View, the Drive Time team unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.

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14 August 2023
Market View: ST Engineering and OCBC; Olam Group’s 88.8% yoy decline in net profit; Singapore’s competition watchdog on Grab’s proposed purchase of Transcab; Country Garden suspending onshore bond trading, China’s shadow banking industry; SK Telekom invests in Anthropic; Rakuten Group shares surge on narrowing losses at mobile unit; Tesla cuts price of two Model Y vehicles in China

Singapore stocks opened lower today amid a mixed performance in global markets.

In early trade, the Straits Times Index (STI) was down 1.2 per cent to 3,253.47 points after 53.4 million securities changed hands in the broader market.

In terms of companies to watch for today, we have  Olam Group, after the agri food giant posted on Friday an 88.8 per cent decline in net profit to S$48 million, due to a one-off exceptional loss on lower almond yields in Australia.

Elsewhere, from China’s Country Garden suspending onshore bond trading to Rakuten Group’s shares surging on narrowing losses at its cash bleeding mobile unit – more international headlines are in focus.

On Market View, the Drive Time team unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.

Download this podcast.

7 August 2023
Market View: SIA to hike frequencies of flights to key destinations; Sembcorp Industries, Venture Corp; OUE Healthcare earnings down 79% yoy; Unitholders of Sabana Reit vote to remove manager; Apple’s sales slump to continue into current quarter; Warner Bro’s Barbie reaching US$1b at box office
Singapore shares started the week in positive territory following a mixed showing in global markets overnight.
In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,296.84 points after 28.9 million securities changed hands in the broader market.
In terms of companies to watch for today, we have OUE Healthcare. That’s after the Catalist-listed healthcare group posted earnings of S$1.8 million for the first half of the year ended June.
Elsewhere from Singapore airlines planning to hike frequencies of its flight services to key destinations to unit holders of Sabana Reit voting to remove its manager – more corporate headlines are in store.
Also on the table – Warner Bro’s Barbie movie reaching US$1 billion at the box office to Apple seeing US$130 billion erased from its market valuation.
On Market View, the Drive Time team unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.

Download this podcast.