Latest / Your Way Home with Hongbin Jeong
Market View: Nvidia-backed CoreWeave looking to spend US$20-23B this year on AI infrastructure, data centre capacity; SingPost shares plunges nearly 12%; Genting Singapore, ComfortDelGro to watch; Starbucks reportedly kickstarting process to sell stake in China business; Walmart, Applied Materials’ earnings in focus
Singapore shares rose today as all eyes remained on the global trade situation. The Straits Times Index was up 0.34% at 3,884.08 points at 11.46am Singapore time, with a value turnover of S$639.05M in the broader market. In terms of companies to watch, we have Genting Singapore, after the company said its chief executive officer Tan Hee Teck will step down. The firm also announced its financial results for the first quarter ended March. Meanwhile, from SingPost’s shares plunging nearly 12 per cent this morning on the back of its result release, to Starbucks reportedly kicking off its…
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