Latest / Your Way Home with Hongbin Jeong
Market View: HSBC’s US$3B share buyback after Q1 profit falls 25%; Shein hikes US prices by as much as 377%; Expectations ahead of US March PCE Price Index release; Amara surges 27% to reach all-time high on privatisation offer and more
Singapore shares were little changed today even as markets in the region rose. The Straits Times Index was up a marginal 0.04% at 3,813.20 points at about 2.51pm Singapore time with a value turnover of S$660.61M seen across the broader market. In terms of counters to watch, we have Amara. Shares surged 27% shortly after the market opened to hit an all-time high after Hwa Hong, Wing Tai, Teo family consortium yesterday launched a bid to take Amara private at S$0.895 a share. Elsewhere, from HSBC Bank launching a US$3 billion share buyback after reporting a 25 per cent fall in first-quarter…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.