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Market View: Is a StarHub-M1 consolidation finally on the Horizon?
Singapore stocks wrapped up the day in positive territory, with the Straits Times Index (STI) closing 0.6% higher at 3,755 points amid strong market breadth. In terms of companies to watch, Oiltek International shone after reporting a near doubling of its third-quarter earnings, supported by strong demand for its refining business and a robust $400 million order book. On the telecom front, market talk of a potential merger between StarHub and M1 has resurfaced, sparking speculation about consolidation in the sector. On Market View, Frankie Ho dives into the details with James Cheo, Chief…
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