Market View: STI movements amid OPEC+ announcements, October’s US Core PCE price index lowest since April 2021; IHH Healthcare doubles earnings; CapitaLand Ascott Trust, Frasers Centrepoint Trust, Golden Agri-Resources, Keppel DC Reit and Suntec Reit added to the STI reserve list; Cordlife Group down over 40% after MOH notice; Outlook for Sheng Siong; US retailers on ‘keep it’ returns policies

Your Way Home with Hongbin Jeong · Dec 1, 2023 · 15m

Singapore stocks were pulled into positive territory today after stock markets in the US and Europe ended mostly higher overnight. In early trade, the Straits Times Index (STI) rose 0.3 per cent after 54.7 million securities changed hands in the broader market. In terms of companies to watch today, we have IHH Healthcare. The mainboard-listed company reported earnings of RM532.1 million (S$152.7 million) for its third fiscal quarter ended September. That’s more than double the earnings in the corresponding year-ago period. Meanwhile from CapitaLand Ascott Trust, Frasers Centrepoint Trust…