Latest / Your Way Home with Hongbin Jeong
Market View: OCBC’s Q4 net profit up 12% yoy; Earnings from City Developments Limited, CapitaLand Investment, PropNex; Olam’s shares up 10% on earnings; China’s thrifty shoppers and impact on stock counters; US Q4 GDP, PCE Price Index expectations, Fed officials to speak; Apple gives up plans for self-driving car
Singapore shares fell at the opening bell this morning, after a mixed performance in global markets. In early trade, the Straits Times Index (STI) fell 0.3 per cent to 3,148.09 points after 56.6 million securities changed hands in the broader market. In terms of companies to watch for today, we have OCBC, after the lender’s net profit for the fourth quarter ended Dec 31, 2023, rose 12 per cent to S$1.62 billion from S$1.44 billion a year prior. Elsewhere from China’s thrifty shoppers creating new stock winners and losers to a lookahead to Fed officials comments and key economic indicators out…
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