Redmond Wong, Saxo

Redmond Wong, Saxo

Redmond Wong

31 January 2024
Market View: Seatrium’s profit guidance; Guocoland’s earnings; China’s manufacturing activity; Philippines overtakes Vietnam, Malaysia to be Southeast Asia’s fastest growing economy in 2023; US earnings - Microsoft, Alphabet, Starbucks; PayPal’s layoffs; Elon Musk’s pay package tossed
Singapore stocks remained relatively unchanged at the opening bell today, after a muted performance of global equities.
In early trade, the Straits Times Index (STI) edged down a marginal 0.01 per cent to reach 3,149.76 points after 64.1 million securities changed hands in the broader market.
In terms of companies to watch, we have Seatrium, after the offshore and marine group said in its profit guidance that they expect a financial loss for FY2023, that is “significantly higher than the previous year”.
Elsewhere, from more on China’s manufacturing activity, to the Philippines overtaking Vietnam and Malaysia to become Southeast Asia’s fastest growing economy last year – more international headlines are in focus today.
Also on deck today – a deep dive into earnings from Microsoft, Alphabet and Starbucks, and layoffs over at PayPal.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Redmond Wong, Global Market Strategist, Saxo.

Download this podcast.

Listen
Download Awedio App
Last Played
Last Played