Market View: Genting Singapore’s Q1 EBITDA down 25% qoq; ST Engineering’s Q1 revenue up 13% yoy; Thailand’s election vs the Thai Baht; US Congressional Budget Office on US default; Samsung and Tesla’s possible alliance to develop chips for autonomous vehicles

Your Way Home with Hongbin Jeong · May 15, 2023 · 15m

Singapore shares started the week lower after US equities ended down on Friday. In early trade, the Straits Times Index (STI) was down 0.1 per cent to 3,204.36 points after 63 million securities changed hands in the broader market. In terms of companies to watch for today, we have Genting Singapore. The company announced on Friday that its net profit more than tripled year-on-year to S$129.2 million for the first quarter ended March, though this is no reason for optimism if we dive deeper into the numbers. Elsewhere, investors continue to monitor more developments out of the US including…