Latest / Your Way Home with Hongbin Jeong
Market View: Seatrium’s profit guidance; Guocoland’s earnings; China’s manufacturing activity; Philippines overtakes Vietnam, Malaysia to be Southeast Asia’s fastest growing economy in 2023; US earnings - Microsoft, Alphabet, Starbucks; PayPal’s layoffs; Elon Musk’s pay package tossed
Singapore stocks remained relatively unchanged at the opening bell today, after a muted performance of global equities. In early trade, the Straits Times Index (STI) edged down a marginal 0.01 per cent to reach 3,149.76 points after 64.1 million securities changed hands in the broader market. In terms of companies to watch, we have Seatrium, after the offshore and marine group said in its profit guidance that they expect a financial loss for FY2023, that is “significantly higher than the previous year”. Elsewhere, from more on China’s manufacturing activity, to the Philippines overtaking…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.