Latest / Your Way Home with Hongbin Jeong
Market View: Markets expect officials to hold rates at FOMC meeting; Investors fret over the possibility of more direct US military involvement in Israel-Iran air war, Asian market movements; JD’s founder vows to speed up overseas foray; China consumers’ rush for subsidies; Economists slash Singapore growth forecast to 1.7%; Thakral Corp to watch
Singapore shares were lower today as all eyes remained on the escalating conflict in the Middle East. The Straits Times Index was down 0.42% at 3,914.06 points at 2.27pm Singapore time, with a value turnover of S$508.89M seen in the broader market. In terms of counters to watch for today, we have Thakral Corp. The mainboard-listed company yesterday announced the launch of an initial public offering (IPO) of GemLife Communities, an Australian over-50s lifestyle resort operator, to raise up to A$750 million (S$628.2 million). Thakral holds a 31.7 per cent effective interest in GemLife…
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