Sunny Soh, SIAS

Sunny Soh, SIAS

Sunny Soh

19 April 2024
Market View: Your daily market commentary of what's happening in Singapore and around the world

Listen To His Previous Podcasts:

5 April 2024
Market View: Samsung Electronics expects Q1 operating profit to jump over 10 fold yoy; Yellen visits China, concerns over China’s overproduction; Elon Musk gives away free blue checkmarks on ‘X’; Singapore’s Feb retail sales; GuocoLand and CDL on land bids, developer’s appetite to replenish land bank; Construction of MBS project targeted to complete by Jul 2029
Singapore shares fell at the opening bell this morning despite broader regional gains, tracking overnight losses in the US market.
In early trade, the Straits Times Index (STI) shed 0.8 per cent to 3,209.11 points after 62.9 million securities changed hands in the broader market.
In terms of companies to watch today, we have GuocoLand. Its joint venture with Hong Leong Holdings is the sole bidder for an Upper Thomson Road plot in the latest state tender that closed yesterday.
Elsewhere, from Samsung Electronics expecting a 10-fold rise in Q1 profit to Elon Musk now giving out the coveted blue checkmarks to users on social media X for free, more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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22 March 2024
Market View: US data on jobless claims, manufacturing PMI, sales of existing homes weigh on markets; Marco Polo Marine’s subsidiary inks agreement with Siemens Gamesa; Four Cordlife Group’s directors and former CEO arrested; No Signboard sell trademarks, to rebrand; Alibaba Group raises US$357.8m through sale of Bilibili securities; Cathay Pacific, IndiGo and the reshuffle in the aviation industry
Singapore stocks opened weaker this morning, despite overnight gains in US and European markets.
In early trade, the Straits Times Index (STI) fell 0.2 per cent to 3,215.3 points after 40 million securities changed hands in the broader market.
In terms of companies to watch today, Marco Polo Marine. The shipyard and marine logistics company yesterday said that its Taiwanese subsidiary, PKR Offshore, has secured the Asia-Pacific Crew Transfer Vessel framework agreement with wind-turbine manufacturer Siemens Gamesa.
Elsewhere, we’ll also look at the latest data out of the US and how that has influenced the recent optimism surrounding the Federal Reserve’s resolve to lower rates this year.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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15 March 2024
Market View: Surprise bump in US Feb PPI, Impact on STI; No Signboard resumes trading after over 2yrs, shares down 90% in early trade; Frasers Logistics and Commercial Trust acquires stake in logistic assets in Germany; Great Eastern, Sabana Reit vs minority shareholders; US reportedly plans to award over US$6b to Samsung Electronics; TSMC’s shares surged over 110% from Oct 2022 - are shares overbought?
Singapore stocks fell this morning, after global equities took a hit overnight.
In early trade, the Straits Times Index (STI) fell 0.9 per cent to 3,156.74 points after 97 million securities changed hands in the broader market.
In terms of companies to watch today, we have restaurant operator No Signboard. Thecounter resumes trading today, more than two years after it voluntarily suspended its trading.
Elsewhere from more on Frasers Logistics and Commercial Trust to TSMC shares surging over 110 percent from an October 2022 low, more corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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8 March 2024
Market View: DFI Retail Group’s earnings up 437%; Hongkong Land reports full year loss of US$582.3m; Mandarin Oriental International’s underlying profit up 966%; ECB holds rates, Christine Lagarde hints at June rate cut; US President Joe Biden vows to raise taxes on wealthy Americans, large companies, Boeing to make safety a bigger metric for employee bonuses
Singapore stocks opened stronger today, following overnight gains on global markets amid rate cut hopes.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,148.31 points after  61.4 million securities changed hands in the broader market.
In terms of companies to watch today, we have DFI Retail Group. The group posted underlying earnings of US$154.7 million for the fiscal year ended Dec 31, 2023, up 437 per cent from earnings of US$28.8 million in FY2022.
Meanwhile, from more on the European Central Bank’s latest decision to keep interest rates at current levels to Boeing set to make safety and quality a bigger metric for employee bonuses, more international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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1 March 2024
Market View: US PCE Price Index up 2.4 yoy in Jan; ComfortDelGro’s earnings; IHH Healthcare’s quest for organic growth; New home prices in China rose slightly in Feb; BoJ’s Ueda on inflation vs 2 per cent target; EV Battle - Tesla’s incentives in China, BYD to deepen presence in Japan
Singapore shares opened flat this morning, despite overnight gains in global markets.
In early trade, the Straits Times Index (STI) was flat, falling just 0.09 point to 3,141.76 points after 77.7 million securities changed hands in the broader market.
In terms of companies to watch today, we have ComfortDelGro. The transport operator announced a net profit of S$102 million for the second half of 2023, up 76.5 per cent from S$57.8 million in the year-earlier period.
Elsewhere from a breakdown of the latest personal consumption expenditures or PCE Index out of the US to the Bank of Japan governor Kazuo Ueda stopping short of declaring the 2 percent price inflation target met, more international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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23 February 2024
Market View: Singapore’s inflation eases in Jan; Singtel net profit down 12.5%; Genting Singapore shares down 10% on disappointing Q4 results; SG earnings season; Grab slid most in over 9 months on poorer outlook; Reddit files for IPO on NYSE; Nvidia shares surges 16% besting Meta’s historic gains
Singapore shares fell at the open this morning, led by declines from local banks.
In early trade, the Straits Times Index (STI) fell 0.5 per cent to 3,208.35 points after 53.6 million securities changed hands in the broader market.
In terms of companies to watch today, we have Singtel. The company reported that its net profit was down 12.5 per cent to S$465 million for the third quarter ended December due to a higher net exceptional loss mainly from Optus and Airtel.
Elsewhere, from more on Singapore’s inflation numbers to earnings out of SGX-listed firms and to Grabs poor outlook – more local headlines remain in focus.
Also on deck –  Reddit filing for an IPO on the New York Stock Exchange, and Nvidia’s share price performance following its blockbuster results.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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9 February 2024
Market View: S&P500 closed just shy of 5,000 mark; StarHub’s net profit up by some S$71 million yoy; Investors bullish on Uniqlo’s parent Fast Retailing; Oil prices up on concerns of broadening conflict in the Middle East; Hershey’s on price increases
Singapore shares fell at the opening bell this morning, after global equities turned out mixed showings overnight.
In early trade, the Straits Times Index (STI) fell 0.5 per cent to 3,128.75 points after 56.6 million securities changed hands in the broader market.
In terms of companies to watch today, we have StarHub. The mainboard-listed telco posted a net profit of S$72.9 million for its second half ended Dec 31, 2023, up from S$1.3 million the previous year.
Elsewhere from the S&P 500 ending the previous session slightly under 5,000 points to investors’ sentiments on Uniqlo owner Fast Retailing, more international and corporate headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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2 February 2024
Market View: DBS to merge treasury markets, equity capital markets, brokerage, digital exchange; DPUs from CapitaLand Ascendas Reit, Parkway Life Reit; PBOC provides 150b yuan of low-cost funds to housing, infrastructure projects; Amazon and Meta soars; Meta’s first dividend; TikTok vs Universal dispute
Singapore shares climbed at the market open today, tracking overnight gains on Wall Street.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to reach 3,158.38 points after 48.1 million securities changed hands in the broader market.
In terms of companies to watch today, we have DBS. The bank said it will merge its equity capital markets, brokerage DBS Vickers and DBS Digital Exchange with its treasury markets business from March.
Elsewhere from Meta announcing its first dividend to China’s central bank adding 150 billion yuan in cheap housing funds, more international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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26 January 2024
Market View: US GDP grew faster than expected in Q4; Frasers Centrepoint Trust closes private placement; ProsperCap’s debut, LHN Group’s contract with MOH Holdings; Cordlife’s substantial shareholders sells off 4.6m shares; Singapore’s factory output contracted 2.5% yoy in Dec; Chinese regulators grant over 100 video game licences
Singapore stocks began trading stronger today, following overnight gains on global markets.
In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,150.09 points after 34.2 million securities changed hands in the broader market.
In terms of companies to watch today, we have Frasers Centrepoint Trust, after the trust’s private placement to raise S$200 million closed at the issue price of S$2.18 (2 Singapore dollars and 18 cents) per new unit.
Elsewhere, from China granting video game licences to the latest US GDP numbers out last night – more local and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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19 January 2024
Market View: TSMC’s second factory in Arizona delayed; Google’s US$1b data centre investment in UK; CitiGroup layoffs vs JPMorgan raising Jamie Dimon’s pay; Reddit reportedly going for an IPO; Bently sales down 11%; Guocoland’s consortium as sole bidder for Marina South white site
Singapore stocks were pulled into positive territory today, following overnight gains in global equity markets.
In early trade, the Straits Times Index (STI) rose 0.6 per cent to 3,159.68 points after 34 million securities changed hands in the broader market.
In terms of companies to watch, we have GuocoLand, as the property developer was part of a consortium that emerged as the sole bidder for a white site in Marina South.
Elsewhere from CitiGroup's layoffs to a delay in the opening of TSMC’s second factory in Arizona, to Google’s US$1 billion data centre investment in the UK, and a possible IPO by Reddit, more international headlines are in focus.
On Market View, The Evening Runway team unpacked some of the key headlines for the day.

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12 January 2024
Market View: Hotter-than-expected US December CPI; Ho Bee Land on net loss; US-listed bitcoin ETFs saw US$4.6b in volume; Chinese exports grew at faster pace in December; Tesla lowers prices in China
Singapore stocks opened slightly lower today following a muted performance on Wall Street overnight.
That’s as data released yesterday showed US consumer prices rose more than expected in December, signs that it was still premature for the Federal Reserve to be cutting interest rates.
In terms of companies to watch today, we have Ho Bee Land. The real estate group said yesterday that its net loss for the full year ended Dec 31, 2023 is expected to widen.
The projected net loss is driven mainly by a fair-value loss based on indicative valuations of its portfolio of investment properties in London.
Elsewhere, from the hotter-than-expected December CPI numbers out of the US, to Chinese export data, more international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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5 January 2024
Market View: ADP payrolls; STI performance; Dynamac’s bonus issue; Manulife US Reit’s portfolio real estate valuation down 8%; Lippo Malls Indonesia Retail Trust’s aggregate leverage ratio likely at 44.3%; More BOJ watchers pushing back predictions for end of negative rates; Outlook for oil prices
Singapore stocks opened stronger today,  tracking overnight gains in the European market.
In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,176.59 points  after 65.6 million securities changed hands in the broader market.
In terms of companies to watch today, we have Dyna-Mac. The offshore oil-and-gas contractor has proposed a bonus issue of up to 207.4 million warrants on the basis of one warrant for every five existing shares to raise up to S$31.1 million.
Elsewhere from more Bank of Japan watchers pushing back their predictions for the end of negative rates, to the outlook for oil prices in the year of 2024, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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15 December 2023
Market View: US Financial Stability Oversight Council flagged risks posed by AI for the first time in report; China’s home prices and retail sales; Keppel DC Reit’s Chinese subsidiary issues letter of demand to tenant; Manulife US Reit’s unitholders voted overwhelmingly in favour or recapitalisation plan
Singapore stocks opened muted today amid a mixed performance among index counters. That is in contrast with global markets, which finished higher overnight.
In early trade, the Straits Times Index (STI) headed down 0.04 per cent to 3,121.85 points, after 93.4 million securities changed hands in the broader market.
In terms of companies to watch today, we have Keppel DC Reit. That’s as the Reit’s Chinese subsidiary has issued a letter of demand to its tenant of three data centres in Guangdong, to recover 48.3 million yuan (S$9.1 million) of late rentals, interests and taxes.
Meanwhile from more on China’s home prices and retail activity to US regulators adding artificial intelligence to its list of potential financial system risks, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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8 December 2023
Market View: Japan’s economy fell faster than expected in Q3 vs Yen’s rally; Google’s Gemini AI model; November’s nonfarm payrolls expectations;From Vertex Spac to 17Live Group; Thomson Medical gets extension to restore public float; Sasseur Reit subsidiary’s extension of loan
Singapore stocks were pulled into positive territory today. That’s amid overnight gains on Wall Street, with the Nasdaq ending sharply higher, supported by heavy-weight tech stocks.
In early trade, the Straits Times Index (STI) added 0.5 per cent to 3,090.02 points after 104.8 million securities changed hands in the broader market.
In terms of companies to watch today, we have Vertex SPAC. The first special-purpose acquisition company of Singapore begins trading as 17Live Group today upon the completion of its business combination.
Elsewhere from Japan’s economy falling faster than initially expected  in the third quarter, to Google’s latest AI model for consumers, and expectations for November’s US non-farm payrolls, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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1 December 2023
Market View: STI movements amid OPEC+ announcements, October’s US Core PCE price index lowest since April 2021; IHH Healthcare doubles earnings; CapitaLand Ascott Trust, Frasers Centrepoint Trust, Golden Agri-Resources, Keppel DC Reit and Suntec Reit added to the STI reserve list; Cordlife Group down over 40% after MOH notice; Outlook for Sheng Siong; US retailers on ‘keep it’ returns policies
Singapore stocks were pulled into positive territory today after stock markets in the US and Europe ended mostly higher overnight.
In early trade, the Straits Times Index (STI) rose 0.3 per cent after 54.7 million securities changed hands in the broader market.
In terms of companies to watch today, we have IHH Healthcare. The mainboard-listed company reported earnings of RM532.1 million (S$152.7 million) for its third fiscal quarter ended September. That’s more than double the earnings in the corresponding year-ago period.
Meanwhile from CapitaLand Ascott Trust, Frasers Centrepoint Trust, Golden Agri-Resources, Keppel DC Reit and Suntec Reit added to the STI reserve list, to more on Sheng Siong and Cordlife Group, more local headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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24 November 2023
Market View: China reportedly weighs unprecedented builder support with unsecured loans; Strikes against Amazon in Europe on Black Friday; CDL’s higher 3Q sales; Noel Gifts International hot stock of the day; LHN Group’s transfer to SGX mainboard
Singapore stocks fell during early trade today, led by declines from the banks. US markets were closed for the Thanksgiving holiday.
In early trade, the Straits Times Index (STI) headed down 0.3 per cent to 3,105.08 points, after 89.7 million securities changed hands in the broader market.
In terms of companies to watch today, we have City Developments Limited. The property group and its joint-venture associates posted higher third-quarter sales of S$325 million, from S$281 million in the year-ago period.
This came on the back of sales from its 408-unit residential development The Myst, for which the group sold 169 units since the project’s launch in July.
Elsewhere, from China reportedly weighing unprecedented builder support with unsecured loans to protests against Amazon in Europe on the traditionally busy Black Friday, more corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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17 November 2023
Market View: Alibaba Group walks back on plans to spinoff and list US$11b cloud unit; Forecast beating US jobless claims figures; Singapore NODX; Singtel on Optus outage; ValueMax on Well Chip’s application to list on Bursa Malaysia; Apple to make texting between iPhones and Androids easier
Singapore shares struggled to advance at the open today, as a mixed performance on global stock markets clashed with a better-than-expected performance of the country’s October non-oil domestic exports (NODX).
To recap, data from Enterprise Singapore showed that NODX shrank 3.4 per cent year on year, easing from steeper falls in preceding months.
In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,114.28 points after 36.5 million securities changed hands in the broader market.
In terms of companies to watch today, we have Singtel. The telecommunications operator clarified yesterday that the Nov 8 Optus network outage in Australia was not caused by the upgrade of Singtel Internet Exchange, STiX.
Meanwhile, from Alibaba Group walking back on its plans to spin off and list its US$11 billion cloud business unit to Apple planning to make it easier to text between iPhones and Androids, more corporate headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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10 November 2023
Market View: Fed Chair Jerome Powell “will not hesitate” to hike rates; OCBC’s net profit up 21.4%; ST Engineering, First Resources; Meta Platforms reportedly struck deal with Tencent to sell VR headsets in China
Singapore shares began trading in negative territory today, tracking overnight losses on Wall Street.
In early trade, the Straits Times Index (STI) was down 0.6 per cent to 3,116.28 points after 72.7 million securities changed hands in the broader market.
In terms of companies to watch today, we have OCBC, after it reported a 21.4 per cent rise in net profit for the third quarter. That’s supported by record growth in net interest income and higher non-interest income.
Elsewhere from ST Engineering and First Resources. to Meta striking a deal with Tencent to sell VR headsets in China, more corporate headlines remain in focus.
Also on deck today, Jerome Powell’s comments at the International Monetary Fund conference and his resolve to fight stubborning high prices in the US.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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3 November 2023
Market View: Keppel Infrastructure Trust doubles distributable income; Manulife US Reit, AIMS APAC Reit; SIA Engineering Company’s 82% increase in profit; YZJ Shipbuilding’s order wins at over double of full-year target; Apple’s CEO Tim Cook reassures investors on China iPhone demand; FTX founder Sam Bankman-Fried convicted
Singapore stocks posted strong gains at the open today, after global markets rallied overnight on the latest Federal Reserve decision to hold rates steady.
In early trade, the Straits Times Index (STI) was up 1.1 per cent to 3,115.22 points after 82.2 million securities changed hands in the broader market.
In terms of companies to watch today, we have Keppel Infrastructure Trust after it almost doubled its distributable income to S$266.1 million over the first nine months of 2023. The trust will also be paying a special distribution to unitholders.
Elsewhere from FTX founder Sam Bankman-Fried convicted of stealing from customers to Apple’s Tim Cook on iPhone demand in China, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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20 October 2023
Market View: Jerome Powell’s comments at the Economic Club of New York; Keppel Corp’s “stronger” Q3 net profits; ST Engineering’s unit awarded Abu Dhabi contract; DBSPayLah! Disruption; Gold prices hit three month peak
Singapore shares pulled back at the open today following another day of overnight losses on Wall Street and Europe.
In early trade, the Straits Times Index (STI) headed down 0.3 per cent to 3,089.14 points after 32.3 million securities changed hands in the broader market.
In terms of companies to watch today, we have Keppel Corporation. The company yesterday reported in a business update that its Q3 net profit was “stronger” year on year, but did not disclose a profit figure.
Meanwhile, from how Federal Reserve Chair Jerome Powell’s comments at the Economic Club of New York are weighing on the Singapore stock market to more on DBS Paylah’s service disruptions,  the local market is in focus today.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

Download this podcast.

13 October 2023
Market View: Singapore’s GDP up 0.7% yoy in Q3; MAS’ decision to keep monetary policy settings unchanged; Keppel Corp acquires properties in Australia; Didi Global reportedly aiming to list on HK stock exchange; Forecast topping Sep US CPI data
Singapore shares opened lower today following news that the country’s economy grew 0.7 per cent on year for the third quarter of 2023.
In early trade, the Straits Times Index (STI) was down 0.7 per cent to 3,195.22 points after 34.6 million securities changed hands in the broader market.
In terms of companies to watch today, we have Keppel Corporation. This comes as its private fund is acquiring two properties in Australia for A$198 million (S$175 million).
The group said yesterday that it intends to lease out the properties to educational institutions.
Meanwhile, the Monetary Authority of Singapore announced ahead of trading hours that it left monetary policy settings unchanged in October, though it intends to shift to a quarterly monetary policy statement schedule from 2024. But what bearing will this have on the Singapore stock market?
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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6 October 2023
Market View: NoonTalk Media on share purchase mandate; SGX board changes; Tourists flock to HK, Macau during Golden Week holiday; MUFG’s market chief flags worries on Japan’s lax fiscal discipline; Elon Musk’s X to test tiered subscription
Singapore stocks opened slightly higher today amid subdued trading after Wall Street stocks retreated overnight.
In early trade, the Straits Times Index rose 0.1 per cent to 3,159.03 points after 40.5 million securities changed hands in the broader market.
In terms of companies to watch today, we have Catalist-listed NoonTalk Media. This comes as the company seeks shareholder approval at its upcoming extraordinary general meeting on Oct 23 to adopt a share purchase mandate.
Elsewhere, from social media platform X introducing three tiers to paid service to hundreds of thousands of visitors flocking to Macau and Hong Kong over the Golden Week Holiday, more international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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22 September 2023
Market View: Creative shares soared over 21% on tie-up with Skyworth; Delivery Hero in talks to sell foodpanda business, Grab tipped in media reports as potential buyer; MAS to raise maximum deposit insurance coverage per depositor to S$100k; Fed, BoE, BoJ interest rate decisions
Singapore stocks opened weaker today, following overnight losses on Wall Street and Europe.
In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,182.7 points after about 51.9 million securities changed hands in the broader market.
In terms of companies to watch today, we have the mainboard-listed Creative Technology, after it announced a tie-up with Chinese electronics company Skyworth.
Elsewhere from Delivery Hero in talks to sell its foodpanda business in Singapore and six other Southeast Asian markets to a look at major central bank’s latest rate decisions, more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

Download this podcast.

15 September 2023
Market View: US PPI numbers on STI movements; PBOC adds 191b yuan into the financial system; ECB hikes rates by 25bps to record 4%; Walt Disney reportedly held exploratory discussions to sell TV network ABC
Singapore stocks rose at the open today, tracking global markets that finished higher overnight.
In early trade, the Straits Times Index (STI) climbed 0.5 per cent to 3,266.08 points after 36.4 million securities changed hands in the broader market.
In terms of companies to watch today, we have LHN after the real estate management services group yesterday provided an update of its business segments.
Meanwhile, from more on the Chinese PBOC adding more cash into the economy to the latest European Central Bank rate decision, and to Walt Disney holding discussions to sell its US TV network ABC, more international headlines remain in focus.
On Market View, Drive Time’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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8 September 2023
Market View: UOBKH upgrades call on CP Foods; TikTok’s Shop option launch; Apple grapples with turmoil amid growing ban among government workers in China; Fed Beige Book and comments by central bank officials
Singapore stocks dipped today after global markets mostly finished lower overnight.
In early trade, Straits Times Index (STI) fell 0.1 per cent to 3,222.73 points after 54 million securities changed hands in the broader market.
In terms of companies to watch today, we have Thailand-listed Charoen Pokphand Foods (CP Foods), after UOB Kay Hian (UOBKH) upgraded its call on CP Foods from “hold” to “buy” .
Elsewhere from the Fed’s latest beige book out last night to Apple grappling with a turmoil days before its iPhone 15 launch, more international headlines remain in focus.
On Market View, Drive Time’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

Download this podcast.

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