David Poh, Amundi

David Poh, Amundi

David Poh

28 February 2024
Market View: OCBC’s Q4 net profit up 12% yoy; Earnings from City Developments Limited, CapitaLand Investment, PropNex; Olam’s shares up 10% on earnings; China’s thrifty shoppers and impact on stock counters; US Q4 GDP, PCE Price Index expectations, Fed officials to speak; Apple gives up plans for self-driving car
Singapore shares fell at the opening bell this morning, after a mixed performance in global markets.
In early trade, the Straits Times Index (STI) fell 0.3 per cent to 3,148.09 points after 56.6 million securities changed hands in the broader market.
In terms of companies to watch for today, we have OCBC, after the lender’s net profit for the fourth quarter ended Dec 31, 2023, rose 12 per cent to S$1.62 billion from S$1.44 billion a year prior.
Elsewhere from China’s thrifty shoppers creating new stock winners and losers to a lookahead to Fed officials comments and key economic indicators out of the US, more international headlines are in focus.
Also on deck – Apple’s move to give up on billions in potential revenue in abandoning plans for a self driving car.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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Listen To His Previous Podcasts:

6 December 2023
Market View: US JOLTS report, job openings fall to over 2.5 year low; Yellen’s comments on economists’ prediction on high unemployment; China’s blue chip stocks hit 5-year lows on Moody's cut to China’s credit outlook; Nio deeper into the red, works on further cost cutting
Singapore stocks opened slightly lower today after global equities closed largely on a positive note.
In early trade, the Straits Times Index (STI) was down 0.1 per cent to 3,074.93 points after 21.2 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Nio. The electric vehicle player sank deeper into the red with a net loss of 4.6 billion yuan (S$868.7 million) for the third quarter of FY2023.
Elsewhere from US job openings falling to a more than two-and-a-half year low in October to China blue-chip stocks hitting 5-year lows, more international and corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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4 October 2023
Market View: Robust US Jolts report; SIAS raises questions on Advance’s capital reduction exercise; Softbank’s CEO Son on Artificial General Intelligence; Arm’s on the AI boom; CM, Toyota Motor’s gains in US car sales; Expectations of Asian, US equity performance for Q4
Singapore shares opened weaker today, following overnight losses in global markets as surging Treasury yields weighed on investor sentiments.
In early trade, the Straits Times Index headed down 1.1 per cent to 3,157.6 points, after 145.1 million securities changed hands in the broader market.
In terms of companies to watch for today, we have engineering company Advanced, after the Securities Investors Association (Singapore) yesterday raised questions over why the firm’s capital reduction exercise appears to have failed.
Elsewhere, from more on GM and Toyota’s latest sales figures to Softbank CEO Masayoshi’s comments on,  not Artificial Intelligence but Artificial General Intelligence, more corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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20 September 2023
Market View: Nio prices US$1b convertible note offering; Huawei Technologies unit reportedly shipping new Chinese-made chips; Arm Holdings marks third daily decline; Will officials intervene to support the yen - implications for Singapore?
Singapore shares were little changed at the day’s open, tracking a subdued performance in Europe and overnight losses on Wall Street.
That’s as investors nervously await the Federal Reserve’s next decision.
The Straits Times Index (STI) edged up 0.04 per cent to 3,242.09 points in early trade after 31 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Nio, after the electric vehicle maker announced today the pricing of its US$1 billion convertible note offering.
Elsewhere, from a Huawei Technologies unit reportedly shipping new Chinese-made chips for surveillance cameras, and to Arm share posting its third daily loss post IPO, more corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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25 July 2023
Market View: Keppel DC Reit’s DPU for FY1H2023 up 0.04%; Chinese top leaders vow more support for economy; HKEX on charm offensive to attract companies, investments; Europe’s economic outlook; Shein sued by H&M for copyright infringement in Hong Kong; Twitter to change logo, competition from TikTok
Singapore shares opened muted today after stock markets in the United States and Europe closed mostly higher with the earnings season now in full swing.
In early trade, the Straits Times Index edged up 0.07 point to 3,265.21 points after 81.3 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Keppel DC Reit. Its distribution per unit for the first half of the financial year ended Jun 30 inched up 0.04 per cent from the same period a year ago.
Elsewhere from China’s top leaders vowing more support for the struggling economy to Hong Kong’s Exchanges and Clearing being on the charm offensive to attract companies to list in the city, and to Europe’s economic outlook, more international headlines are in focus.
On Market View, the Drive Time team dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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21 June 2023
Market View: Grab cuts over 1,000 employees; NIO’s share subscription agreement; Keppel to operate cooling system in the Jurong Lake District; China’s 520b yuan tax break to boost EV sales; YouTube reported to launch first official shopping channel; Elon Musk’s Tesla to invest in India?; Jerome Powell’s testimony to Congress
Singapore shares opened lower today following losses in the global markets.
In early trade, the Straits Times Index (STI) was down 0.4 per cent to 3,206.93 points after 32.9 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Keppel, after the conglomerate obtained a contract to design, build, own and operate a new large-scale district cooling system plant in the Jurong Lake District for 30 years, during which it expects to generate about S$950 million.
Meanwhile, we now know that Grab is cutting 1,000 employees or 11 per cent of its workforce to enhance efficiency.
Elsewhere, from NIO entering into a share subscription agreement with CYVN to China unveiling a 520 billion yuan tax break to boost the sales of EVs and YouTube reportedly launching its first official channel, international news continue to make the headlines.
Not to mention – Elon Musk back in the headlines today – this time with India’s Prime Minister Narendra Modi.
On Market View, the Drive Time team dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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16 May 2023
Market View: OUE Healthcare shares up 46%; SIA and Scoot fly high; Morgan Stanley mulls 7% cut in APAC investment banking workforce; Alibaba’s “huge” investments in Taobao; Buffet exits TSMC; US debt ceiling talks continue
Singapore shares started the day higher. The Straits Times Index (STI) gained 0.2 per cent to 3,219.81 points in early trade after 44.8 million shares worth S$48.9 million changed hands in the broader market.
In terms of companies to watch for today, we have Singapore Airlines, after the flag carrier and its budget arm Scoot flew close to 2.7 million passengers in April 2023.
That’s an 85.5 per cent increase from the same month the year before when borders in Singapore were first fully reopened since the Covid-19 pandemic hit.
Elsewhere, investors continue to monitor a slew of corporate developments from Elon Musk’s X making its first acquisition to Warren Buffet closing his position on Taiwan Semiconductor Manufacturing and Alibaba’s investments in Taobao shopping app.
On Market View, the Drive Time team unpacked these developments with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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28 March 2023
Market View: Manulife US Reit on its exposure to US regional lenders; Privatisation offers for SGX-listed companies including Boustead Projects and GK Goh; Fed data shows bank customers shifting deposits from smaller banks to larger players; China’s anti-graft agency to inspect state-owned enterprises
Singapore shares rose in the first few minutes of trade today, following a mixed performance in global markets.
This came as investors took comfort in the news that First Citizens BancShares would acquire Silicon Valley Bank’s deposits and loans, allaying recent concerns over the banking sector.
In terms of companies to watch, we have Manulife US Reit, after the Reit’s manager said none of its lenders is a regional bank in the US. But to what extent has the ongoing banking crisis in the US affected SGX-listed Reits, particularly those exposed to the US and Europe?
Meanwhile, we’re also seeing a number of privatisation offers for companies listed in Singapore but why is this the case?
On Market View, the Drive Time team sat down with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi for more.

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19 November 2020
Market View: The 2021 Outlook for Markets According to Amundi
Amundi just released their outlook for global markets in 2021. Will things get better for investors, or will the challenges of year of the pandemic prolong? David Poh, Head of Investments for Singapore at Amundi, joined us on Prime Time to talk about Amundi's outlook for global markets, as well as how they think Singapore's markets might fare in the year ahead.

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7 September 2020
Is it time to take a risk off approach?
The appetite for risk assets may have remained strong over the summer lull. But will this continue  as the ongoing pandemic, geopolitical tensions and the US Presidential election race continue to be disruptive for the fragile recovery and markets. We catch up with David Poh, Head of Investments, Singapore, Amundi to find out.

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12 August 2020
Across the ASEAN: Sectors to watch in Indonesia, Thailand and Singapore
Amundi’s latest report its states that Asian consumption and industrial output levels are showing signs of a continued uptick. Mobility data also indicates signs of a resumption in activity.
Looking across the ASEAN David Poh, Head of Investments, Singapore, Amundi shares where he sees pockets of opportunity. Mr Poh also provides an update on the newly launched Amundi-OCBC Momentum Fund which aims to help investors trade the current market volatility.

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16 July 2020
In The Spotlight: Investment outlook for the second half of the year
As the global economy emerges from its current hibernation and geopolitical factors re-enter the scene, French asset management company Amundi says that investors should retain a moderate exposure to risky assets.
In The Spotlight, Rachel Kelly spoke to David Poh, Head of Investments, Singapore, Amundi. He has an investment outlook for the second half of the year.

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