Market View: US April inflation and monthly budget statement; Seatrium’s S$500m wind farm contracts; DBS’ additional capital requirement by MAS; Sea’s Forrest Li to hike pay by 5%; Alibaba’s Cainiao Network Technology’s US$2b HK IPO

Your Way Home with Hongbin Jeong · May 8, 2023 · 14m

Singapore shares opened the week higher today after global markets ended the previous week markedly higher. The Straits Times Index (STI) rose 0.2 per cent in early trade to 3274.07 points after 81.2 million securities changed hands. In terms of companies to watch for today, we have Seatrium, after the group announced on Friday that it has secured a contract worth more than S$500 million. That’s to develop platforms for two offshore wind farms located off the coast of Long Island in the US. Meanwhile, global investors continue to brace themselves for a data heavy week. April’s US inflation…