Latest / Your Way Home with Hongbin Jeong
Market View: Asian equities track record day on Wall Street on Fed rate cut, higher than expected initial jobless claims reading; Oracle, Broadcom earnings, Disney-OpenAI deal in focus; Softbank Group reportedly studying potential acquisitions surrounding data centre operator Switch; Lululemon’s CEO Calvin McDonald to step down; CDL, UOL, GuocoLand, Hongkong Land to watch
Singapore shares rose today, tracking gains seen across Asian markets. The Straits Times Index was up 1.26% at 4,577.92 points at 1.15pm Singapore time, with a value turnover of S$816.74M seen in the broader market. In terms of counters to watch for today, we have CDL, UOL, and GuocoLand, after DBS Research took a bullish stance on Singapore property counters, initiating a sector-wide lift in its target prices for developers including CDL, UOL and GuocoLand. Elsewhere from how earnings from chip titan Broadcom failed to meet investors’ lofty expectations, to higher than expected initial…
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