26 September 2023
Market View: Nio denies reportable capital raising activity; EU’s probe into Beijing EV subsidies; Indonesia’s rules targeting TikTok Shopping, impact on Sea, GoTo Group; 18 news ETFs to launch in the US; JPMorgan’s Jamie Dimon on US rates hitting 7%
Singapore stocks were little changed today, amid a mixed performance in global markets.
In early trade, the Straits Times Index (STI) dropped 0.01 per cent to 3,215.09 points after  25.7 million securities changed hands in the broader market.
In terms of companies to watch, we do have  Nio, after the Chinese electric vehicle maker said yesterday that it had “no reportable capital raising activity”.
This was in response to media reports that the company is considering raising around US$3 billion in capital from investors.
Elsewhere from TikTok shopping facing headwinds in Indonesia to JPMorgan Chase’s CEO comments of a worse-case scenario of rates hitting 7 per cent in the US, more corporate and international headlines remain in focus.
On Market View, Drive Time’s finance presenter Chua Tian Tian unpacked these developments with  Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.

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29 August 2023
Market View: Thomson Medical Group’s 66.7% yoy drop in net profit; Oxley Holdings sank further into the red; China slashing stamp duty on stock trades; BYD’s profits; VinFast’s stellar NASDAQ debut – Could VinFast pave the way for more US IPOs by Vietnam tech unicorns?
Singapore stocks were pulled into positive territory today after global markets finished higher overnight.
In early trade, the Straits Times Index (STI) rose 0.4 per cent to 3,226.29 points after 27.6 million securities changed hands in the broader market.
In terms of companies to watch, we do have Thomson Medical Group after it posted a 66.7 per cent drop in net profit to S$13.8 million for its second half ended June.
Meanwhile, from China slashing stamp duty paid on stock trades for the first time in 15 years, to Vietnamese electric vehicle maker VinFast becoming the third most valuable automaker on earth, more international headlines remain in focus.
On Market View, Drive Time’s finance presenter Chua Tian Tian unpacked these developments with Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.

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15 August 2023
Market View: SGX-listed Chinese property stocks/Reits – Yanlord Land Group, Dasin Retail Group; China to stop releasing youth jobless data; Semiconductor firms Frencken and UMS; Japan’s Q2 GDP - does it mask weakness in the household sector; Tesla lowers prices in the US
Singapore shares edged up this morning, tracking gains in the US and Europe markets.
In early trade, the Straits Times Index (STI) climbed 0.1 per cent to 3,250.52 points after 53.4 million securities changed hands in the broader market.
The semiconductor industry remains in focus after mainboard-listed UMS recorded a 42.4 per cent year-on-year drop in net profit to S$11.6 million for the second quarter ended June.
Meanwhile, China-focused property stocks and Reits listed in Singapore are also at the front and centre of investors’ minds after the country’s central bank unexpectedly cut rates to support its economy.
On Market View, the Drive Time team unpacked these developments with Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.

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13 June 2023
Market View: Hatten Land and Quantum Healthcare’s leasing agreement; Securities turnover on SGX up 23% m-o-m in May; Banking sector outlook; US CPI data release; Central bank actions in focus - China cuts short term borrowing costs; Fed, ECB, BoJ rate decisions
Singapore shares opened lower today in contrast to largely positive trading sessions in the global markets.
The Straits Times Index (STI) was down 0.2 per cent to 3,189.22 points in early trade after 65.1 million securities changed hands.
In terms of companies to watch for today, we have Hatten Land and Quantum Healthcare.
The Catalist-listed medical group has signed a tenancy agreement to occupy 138,769 square feet of rental space at Hatten Land’s Imperio Mall@Hatten City in Melaka, Malaysia.
Meanwhile, a series of central bank actions in Europe, Japan are set to take the centre stage this week. Not to mention China’s central bank lowering a short-term lending rate for the first time in 10 months to restore market confidence and prop up a stalling post-pandemic recovery.
On Market View, the Drive Time team unpacked these developments with Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.

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15 March 2023
Market View: Banking stocks on the mend after fallout from SVB’s collapse; Ho Bee Land’s sale of industrial properties; Wing Tai’s profit warning; Meta cutting 10,000 jobs; OpenAI to come up with GPT-4; Possibility of TikTok splitting from ByteDance; US to release chip-sending guardrails; US CPI up 6% you and prospects of a 25bps rate hike in March
Singapore shares began the day on a healthy footing, as banking stocks swung back into the green after yesterday’s declines.
The Straits Times Index gained 1.3 per cent to 3,169.99 points in early trade after 54.4 million securities changed hands.
Some notable names seeing new developments include real estate company Ho Bee Land, which is selling two of its industrial properties to an unrelated third party for S$115 million.
Elsewhere, the global tech sector continues to make the headlines for a number of reasons.
Tech giant Meta is cutting 10,000 jobs in its second round of layoffs, TikTok is discussing the possibility of separating from its Chinese parent company ByteDance, while OpenAi unveiled GPT-4, that can perform well on a range of standardised tests.
On Market View, the Drive Time team unpacked the developments with Toby Gresham , Investment Counselor Team Lead, Citi Private Bank.

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