Market View: Olam Agri’s IPO delayed; Proposed privatisation of Challenger Technologies; Aims Apac Reit’s equity fundraising exercise; China, South Korea and Japan’s factory output data; Tesla’s Elon Musk in Beijing; Nvidia surpasses US$1t market cap

Your Way Home with Hongbin Jeong · May 31, 2023 · 14m

Singapore shares started the day in the negative territory, after global markets ended mixed overnight. In early trade, the Straits Times Index (STI) shed 0.5 per cent to 3,170.68 points after 42.1 million securities were transacted in the broader market. In terms of companies to watch for today, we have Olam Group, after the company’s proposed initial public offering of its agribusiness unit is no longer expected to be completed by H1 2023 or ahead of the summer holiday period as originally planned. Meanwhile, from a slew of factory output data out of Asia, to Tesla Chief Elon Musk’s visit…