23 March 2023
Market View: Fed Chair Jerome Powell raises rates by 25bps; Contradicting messages by Powell and US Treasury Secretary Janet Yellen; UBS to shrink Credit Suisse’s US$10b shipping portfolio; Singapore’s headline inflation at 6.3%; Sembcorp Industries reportedly considering sale of its waste management unit; Boustead Projects to restore free float or be directed to delist
Singapore stocks opened lower today, following the US Federal Reserve’s move to hike interest rates by 0.25 per cent, the ninth increase in a year.
The Straits Times Index fell 0.6 per cent to 3,200.88 points after 74.4 million securities changed hands.
In terms of companies to watch, we have Sembcorp Industries, after a Bloomberg report suggested that the firm may be considering selling its waste management unit.
Meanwhile, investors continue to digest the latest quarter point rate increase by the US Federal Reserve overnight, as well as contradictory message
On Market View, the Drive Time team unpacked the key developments of the day with David Chow, Director Azure Capital.

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16 March 2023
Market View: Prudential’s profits down 54% yoy due to its Indonesia segment; CapitaLand Integrated Commercial Trust’s subsidiary issuing HK$755m fixed rate notes; First year ‘anniversary’ of US Fed hikes; Credit Suisse to borrow 50 billion francs from Swiss National Bank; Saudi National Bank will not up stake in Credit Suisse; Launch of Baidu’s Ernie Bot to rival OpenAI’s ChatGPT
Singapore shares started the day lower after US and European markets ended mostly in the red overnight, as a liquidity crisis faced by Credit Suisse sparked fears across trading floors.
The Straits Times Index shed 0.9 per cent in early trade to 3,143.43 points as 48.2 million securities changed hands.
In terms of companies to watch, we have Prudential. The insurer yesterday posted profit from continuing operations of US$998 million for FY2022. That’s down 54 per cent from the previous year due to a decline in profit from its Indonesia segment.
Meanwhile, the global financial sector continues to be in focus after signs of trouble at Swiss lender Credit Suisse sent traders running for the hills.
On Market View, the Drive Time team closer look at these developments with David Chow, Director Azure Capital. They also discussed Credit Suisse’s move to borrow from the Swiss National Bank and the launch of Baidu’s Ernie Bot shortly after OpenAI’s unveiling of GPT-4.

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2 March 2023
Market View: EV maker NIO’s 4Q net loss widens to over RMB$5.8b; OUE’s net profits doubled yoy to S$101.2m; South Korea’s semiconductor inventory rose at fastest pace in 27 years; details from Tesla’s investor day
Singapore stocks fell in early trade today following losses in US and Europe markets.
The Straits Times Index fell 0.3 per cent in early trade to 3,246.54 points after 331.5 million securities changed hands.
In terms of companies to watch, Chinese EV maker NIO announced that its net loss for the fourth quarter of 2022 had widened to just over 5.8 billion yuan (S$1.1 billion), despite a 62.2 per cent on-year increase in total revenue.
Meanwhile, we have more news from property developers including OUE. Its net profits doubled year-on-year in the second half of 2022 to S$101.2 million, on higher revenue.
On Market View, the Drive Time team unpacked these developments with David Chow, Director, Azure Capital.

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27 December 2021
Market View: Sectors to watch in 2022.
Coming up in the best of Prime Time, Finance Presenter, JP Ong, speaks to David Chow, Director, Azure Capital to review 2021 market highlights, from oil prices to SPACs, and which sectors he is watching out for in 2022.

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9 July 2021
Money and Me: OPEC+ stalemate, China's probe into Didi Global, Gold and old fashioned US stocks
Shehzad Haque sitting in for Michelle Martin and David Chow, Director at Azure Capital discuss the OPEC+ stalemate, China's regulation probe into Didi Global, gold and old fashioned US stocks.

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19 April 2021
Money and Me: Alibaba, Singtel, Geely, small cap S-REITS and FAVE
Michelle Martin and David Chow, Director at Azure Capital discuss what the fine for Alibaba means for the company and other Chinese tech stocks, Singtel as a dividend stock, Geely exploring a SPAC deal, 11 smaller cap REITS in the iEdge S-REIT index with market cap of under 1 billion SGD have generated positive returns and FAVE's sale to pine labs.

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15 March 2021 
Aztech Global, Jardine Matheson and Jardine Strategic and the global semiconductor chip shortage
Michelle Martin and David Chow, Director of Azure Capital discuss what will define investor interest this week, Aztech Global as a stock to watch, Jardine Matheson's buyout of Jardine Strategic and the global semiconductor chip shortage.

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23 February 2021
Market View: Of Rising Yields and Opportunities In Singapore Equities
The continued steepening of the US yield curve seems to have equity markets questioning hefty gains. David Chow, Vice President at Azure Capital, joined us on Prime Time to discuss how they're viewing the recent rise in yields, and also shared with us why they're upbeat on the prospects of Singaporean manufacturers as a sector worth watching.

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