28 April 2023
Market Wrap: Was the negative reaction to share prices of property developers after the ABSD hike just a knee-jerk reaction?
On The Afternoon Update, Hongbin Jeong speaks to Gerald Wong, CEO of Beansprout (growbeansprout.com) for a wrap of markets for the week. They discuss how the STI performed the past week; how property developer counters were impacted by the ABSD hike; some of the REITS results we saw in the past week; UOB results and what to expect from other local banks in the coming weeks; as well as several economic data out of Singapore in the past week including inflation numbers as well as factory output activity.

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