Latest / Your Way Home with Hongbin Jeong
Market View: DFI Retail Group’s earnings up 437%; Hongkong Land reports full year loss of US$582.3m; Mandarin Oriental International’s underlying profit up 966%; ECB holds rates, Christine Lagarde hints at June rate cut; US President Joe Biden vows to raise taxes on wealthy Americans, large companies, Boeing to make safety a bigger metric for employee bonuses
Singapore stocks opened stronger today, following overnight gains on global markets amid rate cut hopes. In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,148.31 points after 61.4 million securities changed hands in the broader market. In terms of companies to watch today, we have DFI Retail Group. The group posted underlying earnings of US$154.7 million for the fiscal year ended Dec 31, 2023, up 437 per cent from earnings of US$28.8 million in FY2022. Meanwhile, from more on the European Central Bank’s latest decision to keep interest rates at current levels to Boeing set…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.