Latest / Your Way Home with Hongbin Jeong
Market View: AEM’s net loss of S$20.9m; ST Engineering’s, Sats net profit; Malaysia’s Ringgit outlook; Alibaba Group Holding slashes prices by as much as 55%; Seven & i Holdings bets on bigger stores, doubles variety
Singapore shares rose at the opening bell this morning, despite overnight losses in global markets. In early trade, the Straits Times Index (STI) gained 0.2 per cent to 3,145.29 points after 48.2 million securities changed hands in the broader market. In terms of companies to watch, we have semiconductor equipment maker AEM. The firm reported a net loss of S$20.9 million for the six months ended December, reversing from a net profit of S$44 million in the corresponding period a year earlier. Meanwhile from Alibaba Group Holdings slashing prices for cloud services by as much as 55 per cent to…
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