Latest / Your Way Home with Hongbin Jeong
Market View: OCBC’s Q1 profits jumped 39% to record S$1.88b; Olam Agri plans dual listing in June; Impact of possible Olam Agri IPO on Singapore’s listing activity; US consumer inflation and possible surprise on the upside; US Biden and McCarthy on US debt ceiling
Singapore stocks rose this morning, despite overnight losses on Wall Street and in Europe. In early trade, the Straits Times Index climbed 0.2 per cent to 3,249.78 points after some 53.2 million securities changed hands in the broader market. In terms of companies to watch, we have for you OCBC, after the bank announced that net profit for its first quarter rose 39 per cent to a record S$1.88 billion, bolstered by strong net interest income growth. Meanwhile, investors zoom in on Olam Group after reports said the agri food giant is planning to launch in June a dual IPO of its agricultural…
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