Latest / Your Way Home with Hongbin Jeong
Market View: DBS’ earnings, CEO Piyush Gupta’s pay cut; CapitaLand Investment acquires more assets in SEA; China’s SMIC on semiconductor industry; TeamViewer earnings; Ryde guarantees weekly earnings for drivers.
Singapore stocks climbed this morning, after global equities rallied overnight. In early trade, the Straits Times Index (STI) rose 0.9 per cent to 3,153.46 points after 73.5 million securities changed hands in the broader market. In terms of companies to watch, DBS reported net profit of S$2.27 billion for the fourth quarter ended December, 3 per cent lower than the S$2.34 billion recorded in the year-ago period. Elsewhere, from CapitaLand Investment acquiring assets in Singapore and Bangkok, to China’s largest chipmaker Semiconductor Manufacturing International Corporation or SMIC’s…
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