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Market View: Alibaba sheds over 4% on disappointing rise in Q1 revenue; Chinese big tech earnings in focus; Walmart’s CEO warns of price increases caused by Trump’s tariffs; Singapore’s NODX up 12.4% yoy in April; SIA’s record full-year profit; Ossia International, NetLink NBN Trust, Sats, Singtel to watch and more
Singapore shares dipped today as optimism surrounding cooling global trade tensions fizzled off. The Straits Times Index was down 0.18% at 3,884.83 points at about 12.17pm Singapore time, with a value turnover of S$500.29M in the broader market. In terms of counters to watch today, we have Singapore Airlines. The company posted a 65 per cent rise in net profit to S$2 billion for the second half of FY2025 ended March. This lifted the group’s full-year net profit to a record S$2.8 billion. Elsewhere, from Singapore’s key exports jumping 12.4 per cent on the year, to Walmart’s…
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