Latest / Your Way Home with Hongbin Jeong
Market View: SG NODX and GDP numbers; Keppel Pacific Oak US Reit down over 30%; SG Budget expectations; Taiex jumped to record high on TSMC surge; Airbus earnings and delivery plans; Well-known funds jumped into Nvidia at end of 2023
Singapore stocks rose this morning following news that gross domestic product growth in 2023 was 1.1 per cent, marginally down from advance estimates. In early trade, the Straits Times Index (STI) gained 0.3 per cent to 3,147.35 points after 48.7 million securities changed hands across the broader market. In terms of companies to watch, we have Keppel Pacific Oak US Reit, which declared no distribution for the second half year ended December, as part of its recapitalisation plan that suspends distribution for two years. Meanwhile from more on Singapore’s GDP growth to its NODX numbers – local…
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