Latest / Your Way Home with Hongbin Jeong
Market View: S&P500 closed just shy of 5,000 mark; StarHub’s net profit up by some S$71 million yoy; Investors bullish on Uniqlo’s parent Fast Retailing; Oil prices up on concerns of broadening conflict in the Middle East; Hershey’s on price increases
Singapore shares fell at the opening bell this morning, after global equities turned out mixed showings overnight. In early trade, the Straits Times Index (STI) fell 0.5 per cent to 3,128.75 points after 56.6 million securities changed hands in the broader market. In terms of companies to watch today, we have StarHub. The mainboard-listed telco posted a net profit of S$72.9 million for its second half ended Dec 31, 2023, up from S$1.3 million the previous year. Elsewhere from the S&P 500 ending the previous session slightly under 5,000 points to investors’ sentiments on Uniqlo owner Fast…
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