Latest / Your Way Home with Hongbin Jeong
Market View: EV maker NIO’s 4Q net loss widens to over RMB$5.8b; OUE’s net profits doubled yoy to S$101.2m; South Korea’s semiconductor inventory rose at fastest pace in 27 years; details from Tesla’s investor day
Singapore stocks fell in early trade today following losses in US and Europe markets. The Straits Times Index fell 0.3 per cent in early trade to 3,246.54 points after 331.5 million securities changed hands. In terms of companies to watch, Chinese EV maker NIO announced that its net loss for the fourth quarter of 2022 had widened to just over 5.8 billion yuan (S$1.1 billion), despite a 62.2 per cent on-year increase in total revenue. Meanwhile, we have more news from property developers including OUE. Its net profits doubled year-on-year in the second half of 2022 to S$101.2 million, on…
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