Latest / Your Way Home with Hongbin Jeong
Market View: Isetan Singapore soars as much as 150% on privatisation offer; UOB lowers rates on savings account; Australian shares hit all time high, investors mull RBA minutes; China’s Xiaomi surged on EV launch; FDI to China down to 23-year low; McKinsey offers some staff 9 months pay to leave company; Microsoft-backed Rubrik reveals US$354m net loss in IPO filing
Singapore stocks traded muted this morning, tracking the US market’s subdued performance. In early trade, the Straits Times Index (STI) was flat, rising just 0.02 point to 3,234.91 points after 80.6 million securities changed hands in the broader market. In terms of companies to watch, we have Isetan Singapore. It’s the hot stock of the day after news of Japan’s Isetan Mitsukoshi proposing to privatise mainboard-listed firm. Elsewhere from shares of China’s Xiaomi surging as much as 16 per cent on the back of its electric vehicle launch last week, to Australian shares hitting an all-time…
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