22 February 2023
Market View: Wilmar International’s net profits up 8.6% you, SIA continues to fly high with Q3’s operating profits up 11.4 qoq, Great Eastern’s profits down 37%, US Fed minutes’ expectations
Singapore shares edged down today following losses in the US and Europe.
The Straits Times Index dropped 0.1 per cent to 3,303.11 points in early trade after 63.9 million securities changed hands.
In terms of companies to watch for today, we have Wilmar International, which posted an 8.6 per cent year-on-year rise in net profit to US$1.2 billion for its second half ended December.
And more good news from SIA as well. The carrier posted record operating profits for its third quarter ended December, rising 11.4 per cent on-quarter to S$755 million.
On Market View, the Drive Time team unpacked the key market movements for the day with Dr Robin Han, Portfolio Manager, Philip Securities.

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