Market View: - SIA’s redemption of MCBs; The Place Holdings to sell 11% of New Vision Holding; SingPost’s 25% drop in 2H net profits; Banks’ net interest marginscould be past their peak

Your Way Home with Hongbin Jeong · May 11, 2023 · 15m

Singapore shares opened slightly higher today after international markets ended mixed on news of US inflation cooling. In early trade, the Straits Times Index increased by 0.03 per cent to 3,423.11 points, after 71.6 million shares were traded. In terms of companies to watch, we have Singapore Airlines. The national flag carrier announced that it intends to redeem half of the mandatory convertible bonds (MCBs) it issued in June 2021. Meanwhile, shares of The Place Holdings were heavily traded after the group said it is in talks to sell up to 11 per cent of New Vision Holding. Investors are…