Latest / Your Way Home with Hongbin Jeong
Market View: DBS to merge treasury markets, equity capital markets, brokerage, digital exchange; DPUs from CapitaLand Ascendas Reit, Parkway Life Reit; PBOC provides 150b yuan of low-cost funds to housing, infrastructure projects; Amazon and Meta soars; Meta’s first dividend; TikTok vs Universal dispute
Singapore shares climbed at the market open today, tracking overnight gains on Wall Street. In early trade, the Straits Times Index (STI) rose 0.5 per cent to reach 3,158.38 points after 48.1 million securities changed hands in the broader market. In terms of companies to watch today, we have DBS. The bank said it will merge its equity capital markets, brokerage DBS Vickers and DBS Digital Exchange with its treasury markets business from March. Elsewhere from Meta announcing its first dividend to China’s central bank adding 150 billion yuan in cheap housing funds, more international headlines…
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