Market View: OUE Healthcare shares up 46%; SIA and Scoot fly high; Morgan Stanley mulls 7% cut in APAC investment banking workforce; Alibaba’s “huge” investments in Taobao; Buffet exits TSMC; US debt ceiling talks continue

Your Way Home with Hongbin Jeong · May 16, 2023 · 13m

Singapore shares started the day higher. The Straits Times Index (STI) gained 0.2 per cent to 3,219.81 points in early trade after 44.8 million shares worth S$48.9 million changed hands in the broader market. In terms of companies to watch for today, we have Singapore Airlines, after the flag carrier and its budget arm Scoot flew close to 2.7 million passengers in April 2023. That’s an 85.5 per cent increase from the same month the year before when borders in Singapore were first fully reopened since the Covid-19 pandemic hit. Elsewhere, investors continue to monitor a slew of corporate…