Latest / Your Way Home with Hongbin Jeong
Market View: UOB’s Q3 net profits; Singapore retrenchments hit 4,100 in Q3; CapitaLand Integrated Commercial Trust, Mapletree Logistics Trust, Mapletree Industrial Trust, China approves 1t yuan sovereign bond issuance; Meta warns about outlook, Alphabet, Texas Instruments earnings
Singapore stocks opened softer today following overnight losses on Wall Street as traders reacted to mixed earnings. In early trade, the Straits Times Index (STI) headed down 0.3 per cent to 3,070.14 points after 55 million securities changed hands in the broader market. In terms of companies to watch, we have UOB. The bank reported net profit of S$1.38 billion for the third quarter ended September. That’s down 1 per cent from S$1.4 billion in Q3 FY2022, after accounting for one-off expenses related to the acquisition of Citigroup’s Malaysia, Thailand and Vietnam consumer banking business…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.