Market View: Singapore stock market wrap; Underlying net profits vs net profits for Jardine Matheson and HongKong Land; DFI Retail Group’s underlying earnings down 72% yoy; US Raphael Bostic on a 25bps hike in March and a possible pause in Fed’s hike cycle in summer

Your Way Home with Hongbin Jeong · Mar 3, 2023 · 12m

Singapore stocks rose today following gains in US and Europe markets. The Straits Times Index was up 0.3 per cent to 3,244.4 points in early trade after 216.1 million securities changed hands. Some notable names seeing new developments include Jardine Matheson, which announced a 5 per cent on-year increase in underlying net profit to US$1.6 billion for FY2022 yesterday. We’re also tracking property group Hongkong Land, which reported yesterday a fall in underlying earnings by 20 per cent on-year to US$766.1 million for FY2022. On Market View, the Drive Time team broke down key developments of…