Market View: US regional banks in focus; PacWest plunges 50.6%; Adidas’ Q1 sales down 1% yoy; Proposal by Ping An to split HSBC’s Asia business; Ant Group considers selling stake in HK virtual banking unit; Singapore stock market wrap; OUE C-REIT’s net property income up 18% in Q12023; AIMS APAC REIT’s DPU up 11.3% yoy

Your Way Home with Hongbin Jeong · May 5, 2023 · 12m

Singapore shares dipped slightly today as global markets continued reacting to the latest US Federal Reserve rate hike. In early trade, the Straits Times Index lost 0.1 per cent, to 3,267.32 points after 33.3 million securities were traded in the broader market. In terms of companies to watch today, we have OUE Commercial real estate investment trust, after its manager announced yesterday a net property income of S$56.6 million for the first quarter of 2023, an 18 per cent increase from the same period last year. Elsewhere, investors continue to be laser focused on the regional banking…