Market View: SGX’s net profit up 30.1% Keppel Corp divests Willowville, Frasers Property’s pre-sold revenue at S$2.7 billion; Manulife US Reit’s DPU down 10.3%, potential BOK rate cuts

Your Way Home with Hongbin Jeong · Feb 9, 2023 · 9m

Singapore shares slipped when trading began today, tracking a sell-off on Wall Street amid fears that the US Federal Reserve would keep interest rates high longer than needed. The Straits Times Index headed down 0.4 per cent to 3,373.51 points in early trade after 56.9 million securities changed hands. Some notable names seeing developments today include the Singapore Exchange, which reported a 30.1 per cent increase in net profit for the first half of FY2023 today. But what does the performance mean for the exchange? Another company to watch is Keppel Corp, which said yesterday that a unit…