Latest / Your Way Home with Hongbin Jeong
Market View: Hawkish than expected tone from Fed chair Jerome Powell; TikTok, Meta, Snap, Discord – Big tech CEOs testifies on child safety; Keppel’s 2.5% rise in net profit for 2H23; SGX’s net profit for 1H23 down 1%; Qualcomm’s forecasts better-than-expected 2Q profits, concerns over Android sales,
Singapore stocks began trading in negative territory this morning, following overnight losses on Wall Street amid earnings releases. In early trade, the Straits Times Index (STI) headed down 0.8 per cent to 3,127.06 points, after 97.8 million securities changed hands in the broader market. In terms of companies to watch, we have Keppel, after the asset manager posted a 2.5 per cent rise in net profit to S$439.9 million for the second half ended Dec 31, 2023. Elsewhere, from the language used in the Federal Reserve’s latest post meeting comments, to big tech CEOs grilled by US officials, more…
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