Latest / Your Way Home with Hongbin Jeong
Market View: Netflix’s best quarter of customer growth; Ebay cuts 1,000 roles, SAP restructures business, 8,000 jobs affected; Alibaba shares jump on Jack Ma, Joe Tsai’s share buyback; ComfortDelGro’s JV with UK’s GoAhead Group; Suntec Reit’s DPU
Singapore stocks dipped at the opening bell today after global equities turned out a mixed showing overnight. In early trade, the Straits Times Index (STI) fell 0.2 per cent to 3,128.55 points as 36.9 million securities worth S$58.8 million changed hands in the broader market. In terms of companies to watch, we have Suntec Real Estate Investment Trust. The Reit’s manager reported that its distribution per unit (DPU) for the second half of 2023 fell by 10.2 per cent from a year earlier. Meanwhile from a rally in Alibaba shares to more on Comfort Delgro - more corporate headlines are in focus…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.