Market View: Country Garden plans to issue HK$270m new shares to pay off loans; Investability of China; HKD posed for biggest monthly retreat since 1985; Safe haven gold prices hovered near three-week highs; GuocoLand’s 54.5% drop in net profit

Your Way Home with Hongbin Jeong · Aug 30, 2023 · 10m

Singapore stocks started the day on a positive note following overnight gains in the US and Europe markets. In early trade, the Straits Times Index (STI) was up 0.4 per cent to 3,236.52 points after 60.3 million securities changed hands in the broader market. In terms of companies to watch today, we have GuocoLand after the real estate group posted yesterday a 54.5 per cent decline in net profit to S$148 million for the second half-year ended June. Elsewhere, from Country Garden issuing HK$270 million of shares to pay loans, to the investability of China as well as the outlook on the safe…