Market View: Fraser Property’s partnership with SP Group; Taka Jewellery reports 32% drop in net profit; BOJ to downscale massive monetary easing only in a year’s time; Zhongrong’s missed payments; Central bankers talk at Jackson Hole Symposium

Your Way Home with Hongbin Jeong · Aug 25, 2023 · 9m

Singapore stocks opened weaker today following overnight losses on the global market. In early trade, the Straits Times Index (STI) headed down 0.4 per cent to 3,169.14 points after 65.1 million securities changed hands in the broader market. In terms of companies to watch today, we have Frasers Property, after the group announced yesterday that it will start a partnership with SP Group to develop and implement smart-energy solutions at Binh Duong Industrial Park in Vietnam. Meanwhile, from the impact of missed payments by Chinese financial conglomerate Zhongzhi to listed firms in the…