Latest / Your Way Home with Hongbin Jeong
Market View: Singapore’s full-year growth forecast narrowed to between 0.5 and 1.5%; UBS to not need 9b Swiss franc backstop from Swiss government; Cooler-than-expected US CPI in July; Jobless claims data in the US; Tapestry to buy Capri Holdings in US$8.5b deal
Singapore shares slipped at the open today, after the Ministry of Trade and Industry narrowed its official full-year growth forecast for 2023, citing a weak external demand outlook for the rest of the year. In early trade, the Straits Times Index (STI) inched down 0.2 per cent to 3,316 points after 34.1 million securities changed hands in the broader market. In terms of companies to watch today, we have Genting Singapore, after the integrated resorts operator posted a net profit of S$276.7 million for the six months ended June. That’s more than three times the S$84.4 million in earnings in…
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