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Market View: SIA’s S$1.4b net profit for first half and momentum for aviation industry; Singtel’s Optus outage; Seatrium’s 148.9% yoy increase in net order book; Possibility of Ping An taking over Country Garden; Robinhood Markets missed Q3 revenue estimates; WeWork seeks bankruptcy protection
Singapore shares started the day on a softer note, amid major counters’ Q3 updates. In early trade, the Straits Times Index (STI) headed down 0.6 per cent o to 3,154.34 points after 93.1 million securities changed hands in the broader market. In terms of companies to watch for today, we have Singapore Airlines. The national carrier posted a net profit of S$1.4 billion for the first six months of its financial year ended Sep 30, up 55.4 per cent from S$926.9 million a year earlier. Meanwhile from more on the latest earnings out of Singapore to a possible rescue of Country Garden by Ping An…
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