Latest / Your Way Home with Hongbin Jeong
Market View: US economy stalled in recent weeks; Mixed earnings from IBM, Morgan Stanley and Tesla; Alibaba’s Freshippo and a possible Hong Kong IPO; Keppel Reit’s distributable income down 6.7% yoy
Singapore shares fell this morning after global markets closed mostly flat or lower overnight. In early trade, the Straits Times Index (STI) fell 0.2 per cent to 3,318.56 points, after 19.2 million securities changed hands in the broader market. In terms of companies to watch, Nanofilm Technologies fell 9.1 per cent after the company announced a 40 per cent fall in revenue for the first fiscal quarter yesterday. Keppel Reit is also in focus after posting a 6.7 per cent on-year drop in distributable income from operations for the first quarter ended March. Elsewhere, investors continue to fret…
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