Latest / Your Way Home with Hongbin Jeong
Market View: More on ongoing saga at CDL; Olam shares down 11% on steep profit decline; ComfortDelGro among stocks to watch; China opposes Trump’s latest tariff threats; US PCE Price Index preview; ByteDance, Meta and more
Singapore stocks were lower at about 2.20pm today as investors digested more earnings from notable names including Olam, ComfortDelGro and Sheng Siong. The Straits Times Index fell 0.7 per cent to 3,893.81 points then, with a value of S$1.10 billion in the broader market. In terms of counters to watch today, we have Olam, after the agribusiness giant today reported a net profit of S$38.4 million for the second half ended Dec 31, down 83.4 per cent from the previous corresponding period. Elsewhere, from Beijing opposing US President Donald Trump’s latest threat to slap an extra 10% duty…
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