Market View today: DBS’ earnings jumped 69% yoy, Thomson Medical’s profit boost, Outlook for the medical tourism sector in Singapore, Sats joint venture with Air India to design and operate cargo hub at India’s Noida International Airport

Your Way Home with Hongbin Jeong · Feb 13, 2023 · 8m

Singapore shares open in the green today reversing last week’s loss streak. The benchmark Straits Times Index gained 0.4 per cent to 3,375.41 points in early trade after 55.8 million securities changed hands. Some companies to watch today include Singapore’s largest lender DBS, which saw a 69 per cent year-on-year rise in net profit to a record S$2.3 billion for its fourth quarter ended Dec 31, 2022. But to what extent have higher interest rates boosted results and what’s the outlook ahead as interest rates around the world begin to level? Another company we’re tracking is Thomson Medical…