Latest / Your Way Home with Hongbin Jeong
Market View: Fed raises rates to highest level since 2001; S-Reits’ (Mapletree Industrial Trust, CapitaLand China Trust) distribution figures; UOB’s 2Q net profit up 27% yoy; Olam Group expects “materially lower” net profits
Singapore shares opened stronger today after global markets finished mixed overnight. In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,328.99 points after 76.3 million securities changed hands in the broader market. In terms of companies to watch, we have UOB. The bank’s net profit for the second quarter rose 27 per cent to S$1.4 billion on higher net interest income, and trading and investment income. Meanwhile, from a quick look at the latest distribution numbers from S-Reits including Mapletree Industrial Trust and CapitaLand China Trust, to the US Federal Reserve’s…
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