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Latest / Your Way Home with Hongbin Jeong

Market View: Asian stocks up on US-Iran deal hopes even as Hormuz blockade took effect; Singapore tightens monetary policy for first time since 2022, GDP up 4.6% in Q1, missing forecasts; Goldman Sachs’ results and expectations for latest corporate earnings season; CATL reportedly considering up to US$5 billion share sale in Hong Kong; Oiltek International, Koh Brothers Eco Engineering, Koh Brothers

Singapore shares registered gains today as investors mull a move by the country’s central bank to tighten monetary policy settings for the first time since 2022. The Straits Times Index inched 0.51% higher to 5,009.80 points at 1.52pm Singapore time, with a value turnover of S$1.12B seen in the broader market. In terms of companies to watch, we have Oiltek International, Koh Brothers Eco Engineering and Koh Brothers, after property player Koh Brothers rejected a new shareholders’ attempt to force the company to distribute its stake in Oiltek on the basis that it is not in the…

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