Market View: Microsoft and Alphabet’s results top estimates; Alibaba’s cloud computing division slashes prices by up to half; MAS’ half-yearly macroeconomic review; Suntec REIT’s DPU down 27.4% yoy

Your Way Home with Hongbin Jeong · Apr 26, 2023 · 10m

Singapore shares fell this morning, mirroring losses in global markets. In early trade, the Straits Times Index (STI) fell 0.2 per cent to 3,291.7 points after 40.9 million securities changed hands in the broader market. In terms of companies to watch, we have for you Suntec Real Estate Investment Trust, after the Reit posted a distribution per unit (DPU) of S$0.01737 (1.73 Singapore cents) for the first quarter of 2023, a 27.4 per cent decline from the same period a year ago. Meanwhile, mixed earnings reports in the US continue to weigh on investors though we saw promising earnings from…