1 November 2023
Market View: Great Eastern’s new sales for Q3; Paragon Reit, Parkway Life Reit, First Reit earnings; India’s manufacturing growth; China Evergrande reportedly proposes new debt restructuring plan for offshore bondholders; Demand for Toyota vs Tesla; WeWork reportedly filing for Chapter 11 bankruptcy; Expectations on Fed’s latest policy move
Singapore shares advanced in early trade today, tracking overall gains in global markets.
The Straits Times Index (STI) rose 0.1 per cent to 3,072.09 points then, after 26 million securities changed hands in the broader market.
In terms of companies to watch today, we have Great Eastern, after the insurance arm of OCBC posted a 5 per cent increase in total weighted new sales to S$419.4 million for the third quarter ended September.
Elsewhere from WeWork reportedly filing for a Chapter 11 petition in New Jersey to more on media reports of China Evergrande’s plans for offshore bondholders, more corporate headlines are in focus.
Also on the table today – more news on two automakers that both have their names start with the letter ’T’ – Tesla and Toyota.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian sat down with Matthias Chan, Head of Research at SAC Capital for more.

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12 September 2023
Market View: Olam Group denies allegations on Nigerian unit; Alibaba to prioritise AI and user experience, former CEO Daniel Zhang quits; US FDA authorises updated Covid-19 vaccines for Pfizer/BioNTech, Moderna
Singapore shares inched lower today even as global markets rallied the day before.
In early trade, the Straits Times Index dropped 0.2 per cent to 3,213.10 points after 19.2 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Olam Group. That’s after the group denied allegations made in recent media reports about its Nigerian unit and its subsidiaries being involved in a multibillion-dollar fraud.
Elsewhere, Alibaba Group’s focus on AI and user experience and the surprise move by former CEO Daniel Zhang to leave the company over the weekend remain in focus.
Not to mention, Pfizer-BioNTech and Moderna receiving the US FDA’s authorisation for their updated Covid-19 vaccines.
On Market View, Drive Time’s finance presenter Chua Tian Tian unpacked these developments with Matthias Chan, Head of Research at SAC Capital.

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22 August 2023
Market View: SGX RegCo on Dasin Retail Trust; Oxley’s profit guidance; Spikes in tomato, onion prices in India amid El Nino induced poor weather conditions; Softbank’s Arm files for NASDAQ IPO; S&P Global Ratings dimming outlook on US banks
Singapore stocks opened stronger today following overnight gains on the global market.
In early trade, the Straits Times Index (STI) rose 0.3 per cent to 3,162.71 points after 32.3 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Dasin Retail Trust after the Singapore Exchange Regulation issued a “trade with caution” alert for the trust yesterday.
Meanwhile, from India’s soaring food prices amid harsh weather conditions to computer chip company Arm filing for a NASDAQ listing, and S&P joining Moody’s in dimming its outlook on US banks – more international headlines remain in focus.
On Market View, the Drive Time team unpacked these developments with Matthias Chan, Head of Research at SAC Capital.

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5 July 2023
Market View: MAS posts record S$30.8b loss; UOL’s deal to sell Parkroyal on Kitchener Road; Eneco Energy’s new contract with Asia Pacific Breweries; China’s game provider NetEase’s 85% rally; Fed minutes to come
Singapore stocks opened weaker today, following cautious sentiments in the European market amid global economic uncertainties.
In early trade, the Straits Times Index (STI) headed down 0.1 per cent to 3,199.39 points, after 79.5 million securities worth S$35.9 million changed hands.
In terms of companies to watch for today, we have UOL Group, after the real estate group entered into an agreement with an entity of Worldwide Hotels, to sell Parkroyal on Kitchener Road for S$525 million.
From the Monetary Authority of Singapore posting a record S$30.8 billion loss following the tightening of the Sing dollar to China’s internet and game provider NetEase’s 85% stock comeback to expectations of the Fed’s latest minutes out later in the trading day, we’ve got more news weighing on markets.
On Market View, the Drive Time team unpacked these developments with Matthias Chan, Head of Research at SAC Capital.

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2 May 2023
Market View: JP Morgan Chase’s takeover of First Republic Bank; US Fed’s interest rate decision; Bumper profits from HSBC; DBS posting 43% yoy gain in Q1 net profits; PropNex shares fall some 15% from previous week’s highs; Wilmar International, Sheng Siong and Micro Mechanics’ earnings
Singapore shares rose this morning after the Labour Day holiday, mirroring gains in Europe.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,287.75 points after 56.2 million securities changed hands in the broader market.
In terms of companies to watch today, DBS, after the lender posted a 43 per cent gain in net profit to S$2.6 billion for the quarter ended March, on higher interest rates, sustained business momentum and resilient asset quality.
Elsewhere, investors continue to digest the takeover of First Republic Bank by JP Morgan Chase as they remain laser focused on the Federal Reserve’s interest rate decision due mid-week.
On Market View, the Drive Time team sat down with Matthias Chan, Head of Research at SAC Capital for more.

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8 February 2023
Market View: StarHub’s net profit dropped 98.4% for 2H2022, F&N net profits down 28.8%, Japan’s PM Fumio Kishida reviving talks to raise wages, US Fed Chair Jerome Powell’s speech before The Economic Club of Washington DC
Singapore shares slid in early trade today following gains in US and Europe markets.
The Straits Times Index fell 0.1 per cent to 3,376.24 points in early trade after 47.7 million securities changed hands.
Some notable names seeing developments today included telco operator StarHub, which posted a 98.4 per cent decline in net profit to S$1.3 million for the second half of the year ended Dec 31, 2022, but how far of a concern is this?
Meanwhile, mainboard-listed drinks maker Fraser and Neave posted a 28.8 per cent year-on-year drop in net profit to S$28.6 million for its first quarter, despite higher revenue. Question is - how are the company’s financials looking with the firm noting that it has ”generous debt headroom for acquisitions”?
On Market View, the Drive Time team posed these questions to Matthias Chan, Head of Research at SAC Capital.

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