Market View: Singapore stock market wrap, Meyer Park’s S$392 million en bloc deal, Wing Tai’s net profit up 18% y-o-y, Yoma Strategic’s revenue rose 76%, China’s consumer inflation accelerates

Your Way Home with Hongbin Jeong · Feb 10, 2023 · 9m

Singapore stocks opened lower today. The Straits Times Index dropped 0.2 per cent in early trade to 3,351.85 points after 71.5 million securities changed hands. Some notable names seeing new developments today include UOL Group and Singapore Land Group, which purchased Meyer Park for S$392.18 million via a collective sale. But what would this mean for both companies? Elsewhere, China’s consumer inflation accelerated last month. CPI was up 2.1% on a yearly basis, higher than the 1.8% increase in December. What’s the country’s recovery story looking like? On Market View, the Drive Time team…