Latest / Your Way Home with Hongbin Jeong
Market View: SIA’s Q3 performance disappoints; Sasseur Reit’s Q4 DPU up 8.7% you, First Sponsor’s profits down 96.8%; Asian markets down, investors awaiting Nvidia earnings; FOMC minutes expectations; Banks overhaul, CitiGroup lifts CEO Jane Fraser’s pay by 6%
Singapore stocks fell this morning, tracking overnight losses in global markets. In early trade, the Straits Times Index (STI) fell 0.6 per cent to 3,225.84 points after 40 million securities changed hands in the broader market. In terms of companies to watch for today, we have Singapore Airlines. The national carrier recorded a net profit of S$659 million for the third quarter ended Dec 31, 2023, rising 4.9 per cent from S$628 million in the corresponding year-earlier period. Elsewhere, from expectations on the US Fed’s minutes to CitiGroup lifting CEO Jane Fraser’s pay by about 6 per cent…
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