Market View: Singapore’s inflation eases in Jan; Singtel net profit down 12.5%; Genting Singapore shares down 10% on disappointing Q4 results; SG earnings season; Grab slid most in over 9 months on poorer outlook; Reddit files for IPO on NYSE; Nvidia shares surges 16% besting Meta’s historic gains

Your Way Home with Hongbin Jeong · Feb 23, 2024 · 15m

Singapore shares fell at the open this morning, led by declines from local banks. In early trade, the Straits Times Index (STI) fell 0.5 per cent to 3,208.35 points after 53.6 million securities changed hands in the broader market. In terms of companies to watch today, we have Singtel. The company reported that its net profit was down 12.5 per cent to S$465 million for the third quarter ended December due to a higher net exceptional loss mainly from Optus and Airtel. Elsewhere, from more on Singapore’s inflation numbers to earnings out of SGX-listed firms and to Grabs poor outlook – more…