Latest / Your Way Home with Hongbin Jeong
Market View: US House of Representatives overwhelmingly approved bill for ByteDance to divest TikTok or face ban; SIA’s cooperation with Garuda, possible issuance of 10-yr dollar bond; Singtel clarifies on reports of Optus sale; Job vacancies in Singapore inched up in Q4 2023; Alibaba Group reportedly plans to invest US$1.1b in South Korea; Nestle faces formal demand from investors to improve amount of healthy food sold
Singapore equities climbed this morning, despite the global market closing mixed overnight. In early trade, the Straits Times Index (STI) rose 0.3 per cent to 3,169.68 points after 44.3 million securities changed hands in the broader market. In terms of companies to watch, we have Singtel after it clarified on reports which said that it was intending to sell Optus. Other companies to watch include Singapore Airlines after the Competition and Consumer Commission of Singapore said SIA and Garuda Indonesia have jointly submitted an application on a proposed cooperation. Also on deck – the US…
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