Latest / Your Way Home with Hongbin Jeong
Market View: US GDP grew faster than expected in Q4; Frasers Centrepoint Trust closes private placement; ProsperCap’s debut, LHN Group’s contract with MOH Holdings; Cordlife’s substantial shareholders sells off 4.6m shares; Singapore’s factory output contracted 2.5% yoy in Dec; Chinese regulators grant over 100 video game licences
Singapore stocks began trading stronger today, following overnight gains on global markets. In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,150.09 points after 34.2 million securities changed hands in the broader market. In terms of companies to watch today, we have Frasers Centrepoint Trust, after the trust’s private placement to raise S$200 million closed at the issue price of S$2.18 (2 Singapore dollars and 18 cents) per new unit. Elsewhere, from China granting video game licences to the latest US GDP numbers out last night – more local and international headlines…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.