Market View: Singapore’s ABSD hike and property stocks; DPU of S-REITS; Singtel combining consumer and enterprise business in Singapore; Amazon’s shares surged amid earnings beat; Meta’s Mark Zuckerberg’s wealth soared over US$10b

Your Way Home with Hongbin Jeong · Apr 28, 2023 · 13m

Singapore shares fell this morning, despite gains in global markets overnight. In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,279.49 points after 89.3 million securities changed hands in the broader market. In terms of companies to watch today, we have Singtel, after the telco announced yesterday that it will be combining its consumer and enterprise business in Singapore into a singular operating company from June. Meanwhile, property stocks continue to be in focus as investors mull the impact of the latest hikes in Additional Buyers’ Stamp Duty on homebuyers. And not to…