Latest / Your Way Home with Hongbin Jeong
Market View: US October CPI expectations; US consumption activity with Walmart, Target earnings this week; Genting Singapore’s stellar earnings, Sats narrows losses for the first half of FY 2024; Fraser Property records net loss of S$74m
Singapore stocks opened stronger today, as the earnings season approaches an end. In early trade, the Straits Times Index (STI) rose 0.3 per cent to 3,114.97 points after 93.9 million securities changed hands in the broader market. In terms of companies to watch for today, we have Genting Singapore, after the company on Friday posted a net profit of S$216.3 million for the third quarter ended September. That’s up 59 per cent from S$135.8 million a year earlier. Elsewhere from more on global EV sales, to expectations for the October's consumer price index due tonight, more international…
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