Latest / Your Way Home with Hongbin Jeong
Market View: Digital Core Reit issues new units; Yoma Strategic Holdings’ revenue up 36.4% for three months to Dec; China’s consumer prices fell at fastest pace since Global Financial Crisis; Gautam Adani’s fortune back above the US$100b mark; Chip maker Arm Holdings’ climbs 26% in late trading; PayPal forecasts flat 2024 earnings; OpenAI works on new software; Disney’s acquisitions
Singapore stocks opened lower today, bucking the global trend on a day which saw gains for stock markets worldwide. In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,260.09 points after 104.4 million securities changed hands in the broader market. In terms of companies to watch, we have Digital Core Real Estate Investment Trust. The Reit issued 192 million new units at an issue price of US$0.625 per unit to raise gross proceeds of US$120 million today, following the private placement proposal the day before. Elsewhere, from more earnings out of the US to China’s consumer…
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