Market View: Thomson Medical Group’s 66.7% yoy drop in net profit; Oxley Holdings sank further into the red; China slashing stamp duty on stock trades; BYD’s profits; VinFast’s stellar NASDAQ debut – Could VinFast pave the way for more US IPOs by Vietnam tech unicorns?

Your Way Home with Hongbin Jeong · Aug 29, 2023 · 10m

Singapore stocks were pulled into positive territory today after global markets finished higher overnight. In early trade, the Straits Times Index (STI) rose 0.4 per cent to 3,226.29 points after 27.6 million securities changed hands in the broader market. In terms of companies to watch, we do have Thomson Medical Group after it posted a 66.7 per cent drop in net profit to S$13.8 million for its second half ended June. Meanwhile, from China slashing stamp duty paid on stock trades for the first time in 15 years, to Vietnamese electric vehicle maker VinFast becoming the third most valuable…