Market View: US PCE up 5.4% you and impact on STI; Olam Group’s net profits fall 24.5% yoy; Venture Corp’s net profits for 2H up 13.8%; Singapore Land Group’s 60% drop in net profit; Adani to raise US$400m in debt against Australian coal port assets; Pfizer in talks to buy Seagen

Your Way Home with Hongbin Jeong · Feb 27, 2023 · 11m

Singapore shares fell today following losses in US and Europe markets. The Straits Times Index was down 0.3 per cent to 3,272.89 points in early trade after 63.8 million securities changed hands. In terms of companies to watch, Olam Group posted a fall in net profit for the second half year ended December, to S$200 million. That’s down 24.5 per cent from levels seen in H2 2021. What does this mean for the company especially with the planned IPO of Olam Agri in Singapore and Saudi Arabia? Meanwhile, we’re also tracking electronics manufacturing services provider Venture Corporation, which had…