Latest / Your Way Home with Hongbin Jeong
Market View: Rising Middle East tensions on oil prices, airline counters and global markets; CapitaLand Integrated Commercial Trust’s net property income up 6.3% yoy; Keppel DC Reit reports 13.7% yoy drop in Q1 DPU; UOB Chief Executive on ROE target; Apple said it removes WhatsApp, Threads from App Store in China; SK Hynix, TSMC to collaborate on next generation high bandwidth memory chips
Singapore stocks inched up at the opening bell today, despite overnight losses on Wall Street amid analyst expectations of reduced Federal Reserve action. In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,192.3 points after 39.7 million securities changed hands in the broader market. In terms of companies to watch today, we have CapitaLand Integrated Commercial Trust. That’s after the REIT manager said in a business update today that it posted a net property income of S$293.7 million for its first quarter ended Mar 31, up 6.3 per cent year on year. Meanwhile, from movements…
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