Latest / Your Way Home with Hongbin Jeong
Market View: MAS posts record S$30.8b loss; UOL’s deal to sell Parkroyal on Kitchener Road; Eneco Energy’s new contract with Asia Pacific Breweries; China’s game provider NetEase’s 85% rally; Fed minutes to come
Singapore stocks opened weaker today, following cautious sentiments in the European market amid global economic uncertainties. In early trade, the Straits Times Index (STI) headed down 0.1 per cent to 3,199.39 points, after 79.5 million securities worth S$35.9 million changed hands. In terms of companies to watch for today, we have UOL Group, after the real estate group entered into an agreement with an entity of Worldwide Hotels, to sell Parkroyal on Kitchener Road for S$525 million. From the Monetary Authority of Singapore posting a record S$30.8 billion loss following the tightening of the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.