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Market View: Microsoft’s disappoints on cloud revenue front; HSBC’s US$3b share buyback; Airbus unveils sharply lower Q2 profits; Great Eastern’s net profit up 45% yoy; SG earnings to watch; Last look expectations ahead of US FOMC meeting
Singapore stocks started trading in positive territory today, after Wall Street’s mixed performance overnight. The Straits Times Index (STI) opened 0.3 per cent higher at 3,452.23 points after 21.9 million securities changed hands in the broader market. In terms of companies to watch today, we have Great Eastern after the insurer today posted a 45 per cent year-on-year increase in net profit to S$280.4 million for the second quarter ended Jun 30, from S$193.2 million. Elsewhere, from Microsoft’s earnings out overnight, to Airbus’s profits falling sharply in Q2 – more corporate headlines are…
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