Latest / Your Way Home with Hongbin Jeong
Market View: Samsung Electronics expects Q1 operating profit to jump over 10 fold yoy; Yellen visits China, concerns over China’s overproduction; Elon Musk gives away free blue checkmarks on ‘X’; Singapore’s Feb retail sales; GuocoLand and CDL on land bids, developer’s appetite to replenish land bank; Construction of MBS project targeted to complete by Jul 2029
Singapore shares fell at the opening bell this morning despite broader regional gains, tracking overnight losses in the US market. In early trade, the Straits Times Index (STI) shed 0.8 per cent to 3,209.11 points after 62.9 million securities changed hands in the broader market. In terms of companies to watch today, we have GuocoLand. Its joint venture with Hong Leong Holdings is the sole bidder for an Upper Thomson Road plot in the latest state tender that closed yesterday. Elsewhere, from Samsung Electronics expecting a 10-fold rise in Q1 profit to Elon Musk now giving out the coveted blue…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.