David Chow, Azure Capital
David Chow, Azure Capital
19 December 2024
Market View: US Fed cuts rates by 25 bps; Fed Chair Powell on Bitcoin; Bank of Japan kept rates unchanged; Chinese banks raise new mortgage costs for first time in 3 years; Layoffs at Yeo Hiap Seng amid Oatly’s closure and more
Singapore shares opened in the red today, tracking broader losses in Asia after the US Federal Reserve signalled fewer interest rate cuts next year.
In early trade, the Straits Times Index (STI) fell 0.9 per cent to 3,744.93 points after 74.4 million securities were transacted in the broader market.
In terms of companies to watch, we have Yeo Hiap Seng. The beverage manufacturer today said it would lay off 25 employees as a direct result of Oatly’s evaluation of its supply network.
Elsewhere, from US Federal Reserve Chair Jerome Powell’s remarks on Bitcoin and interest rates, to how Chinese banks raised new mortgage costs for the first time in three years amid narrowing margins, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
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Listen To His Previous Podcasts:
12 December 2024
Market View: US Yellen urges Trump administration to maintain dialogue with China; Lookahead before ECB rate decision, US Nov PPI; Apple reportedly working with Broadcom on first AI processing server chip; M&As targeting HK-listed firms at highest level since 2017; Gold higher for a fifth straight session and more
Singapore shares opened lower today, following declines in the key banking counters after mild inflation data fueled expectations of a US interest cut this month.
In early trade, the Straits Times Index (STI) was down 0.1 per cent at 3,787.81 points after 106.5 million securities changed hands in the broader market.
In terms of companies to watch, we have Del Monte Pacific, after the Philippine food-and-beverage manufacturer’s net loss deepened to US$22.2 million for the second quarter ended October.
Elsewhere, from how gold is hovering near an over two-week peak on the back of expectations for a Federal Reserve rate cut next week, to how Apple is reportedly working with Broadcom to come up with its first server chip for AI processing – more international and corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
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5 December 2024
Market View: Bitcoin above US$100,000 for the first time; STI rises to near record high; Fed Chair Powell on relationship with Bessent; South Korean policy makers urges calm in financial markets amid political upheaval; Robinhood Markets to set up regional HQ in Singapore and more
Singapore stocks jumped more than 1 per cent this morning, nearing a record high.
As at 11:52 am, the Straits Times Index (STI) rose 1.07 per cent to 3,840.43 points after 511.58 million securities changed hands in the broader market.
That put it on pace to break the last record high of 3,906.16 points reached in 2007.
In terms of companies to watch, we have CapitaLand Investment, because the real asset manager said today that its self-storage platform Extra Space Asia has entered into a partnership with Japan’s largest indoor self-storage manager Ambitious.
Elsewhere from more on equity movements in South Korea as investors continue to mull a martial law row that stunned the nation, to how Bitcoin topped US$100,000 for the first time on the back of optimism over US President-elect Donald Trump’s pro crypto plans – more international headlines remain in focus.
Also on deck – how Robinhood Markets is set to expand into Asia next year, with Singapore being its local base in the region.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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28 November 2024
Market View: US Oct PCE Price Index; Meta’s Zuckerberg joins Trump at Mar-a-Lago; Real incomes in Singapore rebounds in 2024; DBS’ MOU with Japan Finance Corporation; Shares of PEC up 11.4% on possible share deal and more
Singapore shares opened higher today as traders took to the sidelines ahead of the US Thanksgiving holiday.
As at 12 pm, the Straits Times Index (STI) was up 0.2 per cent at 3,714.78 points after 430.8 million securities changed hands in the broader market.
In terms of companies to watch, we have DBS, because DBS and Japan Finance Corporation (JFC) signed a memorandum of understanding to help Japanese small and medium-sized enterprises (SMEs) expand into six markets in Asia.
Elsewhere, from how real incomes in Singapore made a rebound in 2024, to outlook for Japanese automakers Nissan and Toyota as the firms mull possible tariffs when US President-elect Donald Trump takes office next year – more economic and corporate headlines remain in focus.
Plus – more news on how Meta’s Mark Zuckerberg joined Donald Trump for dinner at his Mar-a-Lago estate yesterday.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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21 November 2024
Market View: Adani Group's companies lose ~US$22B in market value on news of Gautam Adani’s alleged bribery scheme; Nvidia’s latest revenue beat; Bitcoin closes in on historic US$100,000 mark, Trump’s team reportedly mulling crypto-specific White House post and more
Singapore stocks began trading in positive territory today after global equities ended mixed overnight.
In early trade, the Straits Times Index (STI) inched up 0.1 per cent to 3,748.25 points, after 54.6 million securities changed hands in the broader market.
In terms of companies to watch, we have Singtel, after the telecom group today announced changes to its senior management, to support new business priorities of its growth plan.
Elsewhere, from more on how US prosecutors charged Indian tycoon Gautam Adani with helping to drive a US$250 million bribery scheme, to a breakdown of Nvidia’s latest earnings – more corporate headlines remain in focus.
Also on deck – how US President-elect Donald Trump’s team is reportedly holding discussions with the digital asset industry on whether to create a new crypto-specific White House post.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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14 November 2024
Market View: US Oct inflation; Foxconn earnings; Comments from Fed officials; Jardine C&C, StarHub earnings; Brokerages reported surge in trading activity among SG investors, Tesla, Coinbase, Trump Media, Nvidia, Amazon and AMD among those traded; Amazon.com launches ‘Haul’ to compete with Temu
Singapore stocks were pulled into negative territory today after global equities ended mixed overnight.
In early trade, the Straits Times Index (STI) slid 0.3 per cent to 3,707.72 points after 80.6 million securities changed hands in the broader market.
In terms of companies to watch, we have Jardine Cycle and Carriage, after the investment holding company announced yesterday that earnings for the first nine months of the year were down slightly year on year.
Elsewhere, from how trading activity in Singapore surged on the back of a Trump-win at last week’s US presidential elections, to how Amazon.com yesterday launched an online storefront designed to compete with Temu, more local and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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24 October 2024
Market View: Tesla shares jump on profit beat - Will there be more upside from the rest of the Magnificent 7?
Singapore shares began this morning trading in positive territory as overseas markets saw losses overnight. The STI continued the rally to end the day up 0.1%. Meanwhile, in corporate news, Keppel reports lower net profit in 3QFY2024; South Korea’s SK Hynix Inc.’s shares gained after the firm posted record quarterly profit and revenue; and Tesla’s stock shot up nearly 12% in pre-market trade, a day after its forecast-surging car sales growth. On Market View, Hongbin Jeong speaks to David Chow, Director of Azure Capital to find out more on the latest market movements.
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17 October 2024
Market View: TSMC’s forecast beating 54% jump in Q3 profit; Nestle revamping operating structure, Layoffs reported at Meta; Airbus, McKinsey said to cut jobs; China’s housing policy briefing; Sembcorp Green Infra bags wind-solar project in India; Yeo Hiap Seng further buys shares in Vitasoy; SG Sep NODX up 2.7% yoy; Malaysian Budget 2025
Singapore shares were trading higher this morning, following news that the country’s key exports in September grew 2.7 per cent year on year, extending the 10.7 per cent jump in the previous month.
In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,615.62 points after 39.7 million securities changed hands in the broader market.
In terms of companies to watch, we have Sembcorp. The group’s renewables subsidiary Sembcorp Green Infra bagged a contract for a 150 megawatt wind-solar hybrid power project in India from Solar Energy Corporation of India.
Elsewhere, from more details on a housing policy briefing in China, to TSMC’s earnings, we’ve got more local and international headlines in focus.
Plus – news of layoffs at industry heavyweights Meta, McKinsey and Airbus and what that means for the global economy.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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5 September 2024
Market View: How should investors react to Intel’s chip-making process?
Singapore equities began the day firmly in positive territory after global equities largely fell overnight. To end the day, STI closed up 0.5%. So how did the STI fare today ahead of the important non farm payroll tomorrow?
Meanwhile, as scepticism over the artificial intelligence hype grows momentum, Broadcom's recent tests of Intel's 18A chipmaking process have revealed that it has not produced satisfactory results. So how should investors react? On top of this, Broadcom is due to report its latest results soon. What should investors look out for?
On Market View, David Chow, Director of Azure Capital joins Hongbin Jeong for the latest market moves and views.
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18 July 2024
Market View: Nasdaq’s worst day in more than 2 years. Rug pull sell off or buy the dip opportunity?
Tech stocks extended their decline, casting uncertainty on whether the AI rally has truly stalled or if this was just a hiccup.
While the three main indexes kicked off the day lower, the tech-heavy Nasdaq fell the most at 2.8%. It was its biggest one-day percentage loss since December 2022.
Rug pull sell off or buy the dip opportunity?
On Market View, Sean Cheong speaks with David Chow, Director, Azure Capital to find out.
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11 July 2024
Market View: Testimony by Fed Chair Jerome Powell, US CPI and Sep rate cut projections; Vietnam Airlines as world’s best-performing airline stock; Movements in V2Y, Second Chance Properties, Keppel, Keppel DC Reit and more
Singapore equities gained steadily at the opening bell today, mirroring strong overnight gains in global markets.
In early trade, the Straits Times Index (STI) rose 0.6 per cent after 49.3 million securities changed hands in the broader market.
In terms of companies to watch, we have Keppel and Keppel DC Reit. That’s as the data centre Reit and its sponsor are jointly acquiring a 100 per cent interest in a shell and core data centre based in Tokyo, Japan.
We’ll also have more on SGX companies V2Y Corporation and Second Chance Properties.
Elsewhere from more on expectations on the latest US inflation data out tonight, to Fed Chair Jerome Powell’s testimony to lawmakers, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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27 June 2024
Market View: Nervousness ahead of US PCE index; ValueMax and Well Chip’s IPO on Bursa Malaysia; Serial Achieva begins SGX trading, shares down ~86%; Asian currencies slump to weakest in over 19 months; Duty free shopping in Hong Kong; US Presidential debate
Singapore shares were trading lower at the opening bell today after global equities ended mixed overnight.
In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,327.95 points after 42.9 million securities changed hands in the broader market.
In terms of companies to watch, we have ValueMax, after associates of the Singapore-listed pawnbroker launched an initial public offering for Well Chip to raise RM172.5 million (S$49.6 million) on Bursa Malaysia.
Elsewhere, from more on how Asian currencies slumped to its lowest since 2022 on the strength of the US dollar, to expectations on US GDP numbers and the US Presidential debate – more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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6 June 2024
Market View: Nvidia crosses US$3 trillion market cap; Antitrust investigations into Microsoft, OpenAI, Nvidia; ADP private payrolls May report; OUE Reit, UG Healthcare, Jasper Investments, Oxley; China’s national chip fund reportedly should raise over US$47.5b
Singapore equities started the morning on a strong footing, tracking global gains overnight.
In early trade, the Straits Times Index (STI) moved 0.3 per cent higher at 3,341.31 points after 45.8 million securities changed hands in the broader market.
In terms of companies to watch, we have OUE Real Estate Investment Trust, after its wholly owned subsidiary, OUE Reit Treasury, priced its offering of S$250 million of green notes.
Elsewhere, from more on UG Healthcare and Oxley seeking up to US$120 million in a private credit loan, more local headlines in focus.
Also on deck – how the US Justice Department and the Federal Trade Commission have reportedly reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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23 May 2024
Market View: US FOMC Minutes, Nvidia’s blowout earnings, Singtel sinks into the red, SIA’s shares down on deadly turbulence-hit flight, Singapore’s April inflation and more
Singapore shares were barely changed as they entered the morning session today. That’s amid a sleepy trading session following the Vesak Day public holiday break yesterday.
In early trade, the Straits Times Index (STI) was muted at the open, inching down 0.02 per cent to 3,307.21 points after 64.3 million securities changed hands in the broader market.
In terms of companies to watch, we have Singapore Airlines, after shares fell more than 1 per cent in early trade today, following a deadly turbulence-hit flight.
Elsewhere, from Singtel sinking into the red with a net loss of S$1.3 billion for its second half ended March, to Singapore’s April inflation rate – more local headlines remain in focus.
Also on deck – how investors are reading into the latest US FOMC minutes and Nvidia’s earnings.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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16 May 2024
Market View: Cooler-than-expected US April’s CPI pushing Wall Street higher, close to 8 months bonus for eligible SIA employees, Tencent climbing by most in over three weeks and more.
Singapore shares started the day on a strong note tracking overnight gains in global markets.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,306.6 points after 75.2 million securities changed hands in the broader market.
In terms of companies to watch, we have Singapore Airlines. According to The Business Times, the national carrier is said to be rewarding eligible employees with a profit-sharing bonus of 7.94 months for FY2024, following the group’s record earnings.
Elsewhere from how after US core inflation hit its slowest in three years, to Tencent Holdings’ shares climbing on forecast-beating earnings, more international and corporate headlines remain in focus.
Plus – what does a contraction in the Japanese economy mean for the country’s central bank?
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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2 May 2024
Market View: DBS’s net profit up 15% yoy to S$2.95b to mark new high
Singapore shares advanced at the opening bell this morning, with local banks leading gains despite subdued performance in global markets.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,307.6 points after 68.7 million securities changed hands in the broader market.
In terms of companies to watch, we have DBS. The lender today announced a 15 per cent year-on-year rise in first quarter net profit to S$2.95 billion, marking a new high.
Elsewhere, from the US Federal Reserve holding interest rates steady overnight and putting a red flag on disappointing inflation readings, to the impact on the Yen – more international headlines in focus.
Also in focus – Elon Musk’s surprise China visit. Plus – how much did Alphabet pay Apple for Google to be the default search engine in the Safari browser?
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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11 April 2024
Market View: US March CPI comes in hot, Impact on JPY and Asian equities; CDL’s subsidiary selling 58 units of The Residences at W Singapore Sentosa Cove; Fraser Property expects significant fall in 1H profits; China’s CPI barely increased; Foxconn reportedly considering rotating chief executive system; Adobe reportedly begun procuring videos to build AI text-to-video generator
Singapore stocks were pulled into negative territory today, tracking a Wall Street retreat after US inflation data topped estimates, dashing hopes for near-term rate cuts by the US Federal Reserve.
In early trade, the Straits Times Index (STI) headed down 0.9 per cent to 3,209.41 points, after 92.8 million securities changed hands in the broader market.
In terms of companies to watch, we have City Developments Ltd. That’s as the property developer’s subsidiary Cityview Place Holdings said it will be selling 58 units of The Residences at W Singapore Sentosa Cove this month.
Elsewhere, from the impact of a hotter-than-expected US March inflation report on Asian markets, to Adobe purchasing videos to build its artificial intelligence text-to-video generator, more international and corporate headlines are in focus.
Also on deck – China’s March inflation numbers.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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4 April 2024
Market View: Gold surges to record high on Fed Chair Jerome Powell’s comments; Google reportedly considering charging for new AI-run, “premium” features; TikTok Shop and Tokopedia complete system integration; Cromwell E-REIT’s divests property in Poland; Best World Intl propose to cancel shares
Singapore stocks inched up at the opening bell today, following mixed overnight results in US and European markets.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,238.13 points after 35.6 million securities changed hands in the broader market.
In terms of companies to watch, we have Cromwell European REIT, after the Reit divested a non-core office property in Poland for 15.9 million euros (S$23.1 million).
Elsewhere, from Google considering charging for new “premium” features run by artificial intelligence to Tokopedia and TikTok Shop completing backend integrations as per merger requirements to operate in Indonesia, more corporate and international headlines are in focus today.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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28 March 2024
Market View: US PCE index expectations; Protracted property downturn in China eats into balance sheet of state banks; Impact of Baltimore’s Francis Scott Key Bridge collapse on insurance premiums and shares of shipping counters; Amazon investing an additional US$2.75b in Anthropic; ESR Logos Reit, Banyan Tree and sustainability-linked loans; Seatrium’s trading halt, former executive charged with paying bribes to further business interests in Brazil
Singapore shares entered the morning session barely moved, as gains from travel and hospitality-related index counters clashed with a weaker showing from banks.
In early trade, the Straits Times Index (STI) edged up 0.03 per cent to 3,252.69 points after 35 million securities changed hands in the broader market.
In terms of companies to watch, we have ESR-Logos Reit, after its manager said today that it obtained a S$200 million sustainability-linked unsecured revolving credit facility agreement.
Elsewhere from China’s protracted property downturn eroding the balance sheets of state banks to the monetary cost of the Baltimore bridge collapse to insurers and the impact on shipping lines – more international headlines are in focus.
Also on deck, Amazon is investing an additional US$2.75 billion in AI startup Anthropic.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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14 March 2024
Market View: US House of Representatives overwhelmingly approved bill for ByteDance to divest TikTok or face ban; SIA’s cooperation with Garuda, possible issuance of 10-yr dollar bond; Singtel clarifies on reports of Optus sale; Job vacancies in Singapore inched up in Q4 2023; Alibaba Group reportedly plans to invest US$1.1b in South Korea; Nestle faces formal demand from investors to improve amount of healthy food sold
Singapore equities climbed this morning, despite the global market closing mixed overnight.
In early trade, the Straits Times Index (STI) rose 0.3 per cent to 3,169.68 points after 44.3 million securities changed hands in the broader market.
In terms of companies to watch, we have Singtel after it clarified on reports which said that it was intending to sell Optus.
Other companies to watch include Singapore Airlines after the Competition and Consumer Commission of Singapore said SIA and Garuda Indonesia have jointly submitted an application on a proposed cooperation.
Also on deck – the US House of Representatives overwhelmingly approved a bill that would force ByteDance to divest TikTok or see the platform be banned in the US.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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7 March 2024
Market View: Fed Chair Jerome Powell’s testimony; Over 75% of S-Reits saw DPU fall on-year; Great Eastern on minority shareholder’s proposed resolution; Wing Tai’s US$1b debt issue; China’s exports grew much faster than expected; Google’s changes to meet EU tech rules; Bitcoin prices briefly crosses US$69,000 mark
Singapore shares rose at the opening bell this morning, tracking overnight gains in global markets.
In early trade, the Straits Times Index (STI) gained 0.1 per cent to 3,139.17 points after 25.7 million securities changed hands in the broader market.
In terms of companies to watch, we have Great Eastern. The insurer said a recent request by a minority shareholder to table resolutions at its upcoming annual general meeting (AGM) “does not satisfy all of the requirements” for a requisition to be moved.
Meanwhile, from comments by Fed Chair Jerome Powell at his testimony before lawmakers to the implications of Google’s changes to its search results to be compliant with landmark EU tech rules, more international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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29 February 2024
Market View: AEM’s net loss of S$20.9m; ST Engineering’s, Sats net profit; Malaysia’s Ringgit outlook; Alibaba Group Holding slashes prices by as much as 55%; Seven & i Holdings bets on bigger stores, doubles variety
Singapore shares rose at the opening bell this morning, despite overnight losses in global markets.
In early trade, the Straits Times Index (STI) gained 0.2 per cent to 3,145.29 points after 48.2 million securities changed hands in the broader market.
In terms of companies to watch, we have semiconductor equipment maker AEM. The firm reported a net loss of S$20.9 million for the six months ended December, reversing from a net profit of S$44 million in the corresponding period a year earlier.
Meanwhile from Alibaba Group Holdings slashing prices for cloud services by as much as 55 per cent to movements on the Malaysian Ringgit, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
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15 February 2024
Market View: SG NODX and GDP numbers; Keppel Pacific Oak US Reit down over 30%; SG Budget expectations; Taiex jumped to record high on TSMC surge; Airbus earnings and delivery plans; Well-known funds jumped into Nvidia at end of 2023
Singapore stocks rose this morning following news that gross domestic product growth in 2023 was 1.1 per cent, marginally down from advance estimates.
In early trade, the Straits Times Index (STI) gained 0.3 per cent to 3,147.35 points after 48.7 million securities changed hands across the broader market.
In terms of companies to watch, we have Keppel Pacific Oak US Reit, which declared no distribution for the second half year ended December, as part of its recapitalisation plan that suspends distribution for two years.
Meanwhile from more on Singapore’s GDP growth to its NODX numbers – local headlines are in focus today.
Also on deck – Airbus earnings and also how a surge in TSMC shares pushed Taiwan’s Taiex to a record high.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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8 February 2024
Market View: Digital Core Reit issues new units; Yoma Strategic Holdings’ revenue up 36.4% for three months to Dec; China’s consumer prices fell at fastest pace since Global Financial Crisis; Gautam Adani’s fortune back above the US$100b mark; Chip maker Arm Holdings’ climbs 26% in late trading; PayPal forecasts flat 2024 earnings; OpenAI works on new software; Disney’s acquisitions
Singapore stocks opened lower today, bucking the global trend on a day which saw gains for stock markets worldwide.
In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,260.09 points after 104.4 million securities changed hands in the broader market.
In terms of companies to watch, we have Digital Core Real Estate Investment Trust.
The Reit issued 192 million new units at an issue price of US$0.625 per unit to raise gross proceeds of US$120 million today, following the private placement proposal the day before.
Elsewhere, from more earnings out of the US to China’s consumer prices falling at the fastest pace since the global financial crisis last month – more corporate and international headlines are in focus.
Also in store – how billionaire Gautam Adani took a year to return to the US$100 billion club of people.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
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25 January 2024
Market View: US Fed raised rate on emergency loan programme; Elon Musk on Chinese EV makers; China cuts reserve requirement ratio for banks; S-Reits - Mapletree Logistics Trust, Suntec Reit, ESR-Logos Reit, OUE Commercial Reit, Frasers Centrepoint Trust
Singapore stocks slipped in the first few minutes of trade today, led by declines by real estate investment trusts and other index counters. That’s as investors await a slew of earnings in the coming weeks.
In early trade, Straits Times Index headed down 0.2 per cent to 3,148.54 points, after 33.9 million securities changed hands in the broader market.
In terms of companies to watch, we have Mapletree Logistics Trust. The trust manager announced a 1.2 per cent year-on-year rise in distribution per unit on the back of a resilient portfolio, contributions from acquisitions and divestment gains.
Elsewhere, from Elon Musk’s comments on Chinese EV firms to the US Federal Reserve raising the rate on its emergency loan programme, more international headlines remain in focus.
On Market View, The Evening Runway’s Timothy Go dived into the details with Terence Wong, CEO, Azure Capital. (Produced by: Chua Tian Tian)
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18 January 2024
Market View: Donald Trump a wild card for US financial markets? Charles Schwab’s CEO flags his most challenging time since Internet bubble in 2000; India, Asean+3 GDP outlook; Thomson Medical Group’s public float, Hotel Properties; YouTube cuts 100 workers, Meta’s second -in-command steps down from board
Singapore stocks opened weaker today following overnight losses on global markets as investors’ hope for rate cuts dwindles.
In early trade, Straits Times Index (STI) headed down 0.3 per cent to 3,133.02 points, after 35.2 million securities changed hands in the broader market.
In terms of companies to watch, we have Thomson Medical Group. The healthcare services provider was granted three months, until 10 April, to restore its public float, which dropped below 10 per cent in September.
Meanwhile, from more on economic growth projections for major economies within Asia to Charles Schwab’s CEO flagging his most challenging time at the bank since the bursting of the Internet bubble in year 2000, more international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
Download this podcast.
4 January 2024
Market View: Minutes from Fed’s December meeting and JOLTS – when will the first rate cut come; S$250m Seatrium contract cancelled; China’s fiscal spending to rise; Japanese markets kicks off 2024 sharply lower; Amazon’s video ad push to generate extra US$5b revenue; Mark Zuckerberg sold nearly half a billion US dollars of Meta shares
Singapore stocks opened muted today after global markets continued to retreat in the second trading day of the year.
In early trade, the Straits Times Index edged up 0.03 per cent to 3,200.24 points after 55.7 million securities changed hands in the broader market.
In terms of companies to watch, we have Seatrium, after its contract for a 1,260 megawatt offshore substation platform, valued at over S$250 million was cancelled.
Elsewhere, from minutes of the Federal Reserve’s December meeting to China’s fiscal spending and the Japanese market’s performance on its first day of trade this year, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
Download this podcast.
14 December 2023
Market View: US Fed holds rates, signals three cuts in 2024; Country Garden to sell small sake in Dalian Wanda unit; Manulife US Reit on approvals relating to recapitalisation plans; Sembcorp Industries awarded 300-megawatt solar project from India’s NHPC
Singapore shares opened on a strong footing today after US equities rallied overnight, with the Dow Jones posting a record high on signals of lower borrowing costs in 2024.
In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,124.90 points after 73.1 million securities changed hands in the broader market.
In terms of companies to watch, we have Sembcorp Industries, after the group said it was awarded a 300-megawatt solar project from NHPC, an enterprise of India’s government.
Meanwhile, from the US Federal Reserve signalling three rate cuts in 2024, to news of Country Garden selling a small stake in a Dalian Wanda Unit, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
Download this podcast.
7 December 2023
Market View: ADP payroll numbers; ComfortDelGro raises flag-down fares for taxis; Keppel’s tie-up with Abu Dhabi Future Energy Company; SIAS questions Manulife US Reit’s fundraising proposal; BoE voices concerns about US$1.6t private credit market
Singapore stocks started the day on a softer note, mirroring overnight losses on Wall Street.
In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,070.31 points after 36.8 million securities changed hands in the broader market.
In terms of companies to watch, we have Manulife US Reit, after investor watchdog Securities Investors Association (Singapore), or Sias, questioned Manulife US Reit’s fundraising proposal of a mix of asset dispositions and a sponsor-lender loan.
Elsewhere, from ComfortDelgro raising taxi fares to more on concerns over the US$1.6 trillion private credit market, more corporate and international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
Download this podcast.
30 November 2023
Market View: Microsoft to take non-voting, observer position on OpenAI’s board; Manulife US Reit down as much as 27.5%; Japan’s Nikkei rallies to best month in 2 years; Real median income in Singapore down 2.3% in 2023; Impact of Fed officials’ comments on interest rates, Chinese factory activity on STI movements
Singapore stocks opened weaker today, following heavy losses of the top-traded counter.
In early trade, the Straits Times Index (STI) headed down 0.2 per cent to 3,078.74 points after 45.7 million securities changed hands in the broader market.
In terms of companies to watch, we have Manulife US Reit. Units fell as much as 27.5% after the counter resumed trading today.
Its manager had earlier revealed plans to raise funds through a mix of asset dispositions and a sponsor-lender loan to remedy its financial covenant breach.
Elsewhere from Japan’s Nikkei rallying to log its best month in two years to Microsoft taking a non-voting, observer position on OpenAI’s board, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
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16 November 2023
Market View: SIA’s passenger traffic in October up 24.5% yoy; Biden, Xi on fentanyl, dialogue about AI; Barclays attracts strong investor orders for AT1 sale; SpaceX receives approval for second launch of Starship rocket
Singapore stocks opened weaker today amid heavy trading on real estate investment trusts and declines among index counters.
In early trade, the Straits Times Index (STI) headed down 0.5 per cent to 3,115.97 points after 52.6 million securities changed hands in the broader market.
In terms of companies to watch, we have Singapore Airlines. The national carrier yesterday posted a 24.5 per cent year-on-year increase in passenger traffic in October, amid robust passenger traffic across all its route regions.
Elsewhere from SpaceX receiving approval for the second launch of its groundbreaking Starship rocket to Barclays attracting strong investor orders for an additional tier 1 (AT1) sale, more corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
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2 November 2023
Market View: Market View today: Fed holds rates steady; higher Treasury yields working; MAS imposes “six month pause” on DBS essential IT changes, no acquisition of new business ventures; SingPost back in the black for 1H; Softbank pioneering new bond-type stock; Zalando and Estee Lauder’s earnings outlook
Singapore shares were pulled into positive territory today, following overnight gains on Wall Street.
That’s after the Federal Reserve’s decision to keep interest rates steady. In early trade, the Straits Times Index (STI) rose 0.4 per cent to 3,088.32 points, after 69.8 million securities changed hands in the broader market.
In terms of companies to watch, we have DBS, after the Monetary Authority of Singapore yesterday imposed a “six-month pause” on DBS’ non-essential IT changes following repeated and prolonged disruptions of its banking services this year.
Meanwhile, from more on SingPost’s earnings to SoftBank’s pioneering a new bond-type stock, more local and regional headlines are in focus today.
Also on deck – a deep dive into European and US headlines from Zalando and Estee Lauder’s earnings outlook to the Federal Reserve’s signal on interest rates.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
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19 October 2023
Market View: Malaysian Ringgit down to lowest level since Asian Financial Crisis; Announcements from Parkway Life Reit, Sabana Reit, Keppel Pacific Oak US Reit; Tesla, Netflix, KeyCorp, American Airlines - what to watch this earnings season; Country Garden’s bondholders seek talks; Nokia cuts up to 14,000 jobs
Singapore shares slipped when trading began today following overnight losses on Wall Street and Europe.
In early trade, the Straits Times Index (STI) headed down 0.8 per cent to 3,111.50 points after 84.8 million securities changed hands in the broader market.
More S-Reits are also in focus today with announcements from Parkway Life Reit and Sabana Industrial Reit.
Meanwhile, from the Ringgit movements to a slew of earnings reports from US market heavyweights Tesla and Netflix, more international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
Download this podcast.
5 October 2023
Market View: Mermaid Maritime’s new projects; US ADP Payrolls vs JOLTs report; Anthropic reportedly in talks to raise US$2b; FT report on Belgium’s intelligence service vs Alibaba hub in Europe
Singapore shares were little changed at the open following a mixed performance on global equity markets.
In early trade, the Straits Times Index (STI) inched up 0.03 per cent to 3,148.46 points after 42.1 million securities changed hands in the broader market.
In terms of companies to watch, we have Mermaid Maritime, after the subsea services provider’s subsidiaries in Thailand, the Middle East, western sub-Sahara and the United Kingdom were awarded multiple projects valued at US$485 million in total.
Elsewhere from the latest US ADP private payrolls report to Anthropic reportedly raising US$2 billion amid the AI boom, more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
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14 September 2023
Market View: Prudential shelves plan for separate wealth management unit in Singapore; Possibility of Grab, GoTo facing new rules in Singapore; European Commission launches investigation on subsidies for Chinese EV makers; Mixed US CPI report - Will PPI numbers change the narrative?
Singapore stocks rose at the open, even as global markets were mixed overnight.
In early trade, the Straits Times Index (STI) climbed 0.3 per cent to 3,227.4 points after 30.8 million securities changed hands.
In terms of companies to watch, we have Prudential, after the insurer told The Business Times yesterday that it has shelved plans for a separate wealth management unit in Singapore.
Meanwhile, from Grab and GoTo possibly facing new rules in Singapore to the European Commission launching an investigation on subsidies for Chinese electric vehicle makers, more corporate headlines are in focus.
On Market View, the Drive Time’s finance presenter Chua Tian Tian unpacked the developments with David Chow, Director Azure Capital.
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7 September 2023
Market View: mm2 Asia to subscribe for HK$19m worth of bonds by Unipact Entertainment and Productions; Potential for ASEAN digital economy to grow to US$2t by 2030; China’s export slump; Possible investment by TSMC’s into Arm’s IPO; US ISM non-manufacturing PMI - resilient or cause for more interest rate hikes?
Singapore stocks dipped at the open after global markets finished lower overnight.
In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,220.65 points with 22 million securities changing hands then.
In terms of companies to watch, we have mm2 Asia, after mainboard-listed media company said it agreed to subscribe for HK$19 million (S$3.3 million) worth of bonds issued by concert organiser Unipact Entertainment and Productions.
Elsewhere from TSMC’s mulling an investment in chip designer Arm Holdings to China’s export slump easing in August and the US service sector, more international news remains in focus.
On Market View, the Drive Time’s finance presenter Chua Tian Tian unpacked the developments with David Chow, Director Azure Capital.
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31 August 2023
Market View: UBS to fully absorb Credit Suisse’s domestic bank, looking at cost savings of over US$10b; Million of dollars reportedly invested in publicly traded stocks of Adani Group via “opaque” Mauritius funds; US PCE Expectations
Singapore stocks began trading stronger today after global markets ended mixed overnight.
In early trade, the Straits Times Index (STI) was up 0.2 per cent to 3,225.89 points after 45.5 million securities changed hands in the broader market.
In terms of companies to watch, we have Olam Group, after it secured a US$1.75 billion multi-tranche sustainability-linked facility through its wholly-owned food ingredients unit OFI.
Meanwhile, from UBS set to absorb Credit Suisse’s domestic bank to news that millions of dollars were reportedly invested in some publicly traded stocks of India’s Adani Group via “opaque” Mauritius funds, and the expectations for the latest US PCE index, more international headlines remain in focus.
On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.
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10 August 2023
Market View: CapitaLand Investment’s new business park development fund; CDL’s earnings; China ‘s consumer prices fell into deflation in July; Japan, South Korea’s tourism stocks on the rise on prospects of China allowing group tours to the countries; Expectations for US inflation; WeWork’s ability to stay in business, impact on markets such as New York City
Singapore shares dipped this morning, following a mixed showing in global markets overnight.
In early trade, the Straits Times Index (STI) inched down 0.1 per cent to 3,312.16 points after 42.3 million securities changed hands in the broader market.
In terms of companies to watch, we have CapitaLand Investment. The company today announced the launch of a business park development fund to invest in Grade A business parks in prime locations across gateway cities in India, but how significant is this move?
Meanwhile, from China’s slip into deflation and Japan and South Korea’s tourism stocks on the rise, to WeWork’s struggle and the potential impact on markets such as New York City – more international headlines are in focus.
On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.
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27 July 2023
Market View: Fed raises rates to highest level since 2001; S-Reits’ (Mapletree Industrial Trust, CapitaLand China Trust) distribution figures; UOB’s 2Q net profit up 27% yoy; Olam Group expects “materially lower” net profits
Singapore shares opened stronger today after global markets finished mixed overnight.
In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,328.99 points after 76.3 million securities changed hands in the broader market.
In terms of companies to watch, we have UOB. The bank’s net profit for the second quarter rose 27 per cent to S$1.4 billion on higher net interest income, and trading and investment income.
Meanwhile, from a quick look at the latest distribution numbers from S-Reits including Mapletree Industrial Trust and CapitaLand China Trust, to the US Federal Reserve’s decision to take interest rates to the highest level since 2001, more corporate and international headlines are in focus.
On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.
Download this podcast.
27 July 2023
Market View: Fed raises rates to highest level since 2001; S-Reits’ (Mapletree Industrial Trust, CapitaLand China Trust) distribution figures; UOB’s 2Q net profit up 27% yoy; Olam Group expects “materially lower” net profits
Singapore shares opened stronger today after global markets finished mixed overnight.
In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,328.99 points after 76.3 million securities changed hands in the broader market.
In terms of companies to watch, we have UOB. The bank’s net profit for the second quarter rose 27 per cent to S$1.4 billion on higher net interest income, and trading and investment income.
Meanwhile, from a quick look at the latest distribution numbers from S-Reits including Mapletree Industrial Trust and CapitaLand China Trust, to the US Federal Reserve’s decision to take interest rates to the highest level since 2001, more corporate and international headlines are in focus.
On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.
Download this podcast.
13 July 2023
Market View: Seatrium’s green trade finance facility worth S$1.1b; China’s June exports down 12.4% yoy; McDonald’s China owners planning US$4b exit; US June inflation lowest since March 2021 US Q2 earnings; PepsiCo and Delta Air Lines; S&P closing at highest level since April 2022
Singapore shares opened stronger today following overnight gains in the global market. This comes as the easing of US inflation data stoked optimism of the Federal Reserve ending its interest rate hiking cycle soon.
In early trade, the Straits Times Index (STI) was up 1 per cent to 3,207.5 points after 114.5 million securities changed hands in the broader market.
In terms of companies to watch, we have Seatrium, after the offshore and marine engineering player obtained a green trade finance facility with a banker’s guarantee from OCBC worth 720 million euros (S$1.1 billion) to fund its sustainability efforts.
Meanwhile, from China’s trade figures to the latest US earnings expectations, more international and corporate headlines continue to be in focus.
On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.
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6 July 2023
Market View: SingPost hits 7-week high; Chinese investors rush to make dollar deposits, buy Hong Kong insurance; Top Asia IPO gainers in Japan; Fed minutes; US stock market performance for 1H2023
Singapore stocks opened weaker today following overnight losses on Wall Street.
In early trade, the Straits Times Index (STI) headed down 0.2 per cent to 3,179.3 points after 47.1 million securities changed hands.
In terms of companies to watch, we have Singapore Post. That’s after the Singapore government said it will consider allowing SingPost to introduce postage rate adjustments to “better reflect the cost of letter mail business”.
Elsewhere, from the latest Federal Reserve’s policy meeting minutes to Chinese investors rushing to make dollar deposits and buy Hong Kong insurance – we’ve got more international headlines in focus.
On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.
Download this podcast.
15 June 2023
Market View: Fed holds rates steady, signals 2 more hikes this year; Jerome Powell on balance sheet drawdown; Wall Street’s reaction; OCBC raises SIA’s fair value; PBOC lowers medium-term lending facility rates; TikTok to boost e-commerce business in Southeast Asia
Singapore shares opened higher today following the decision to pause the interest rate hike by the US Federal Reserve.
In early trade, the Straits Times Index was up 0.1 per cent to 3,222.24 points after 129.8 million securities changed hands in the broader market.
In terms of companies to watch, we have Keppel. That’s as the company obtained two contracts to provide what it dubs “energy-as-a-service” in Bangkok’s Sam Yan Smart City, through its joint venture with Decarb.
Meanwhile, a slew of central bank decisions continue to take the centre stage with the US Federal Reserve holding rates steady at the 5 to 5.25 per cent range, while China lowered its medium-term lending facility rate by 10 basis points to 2.65 per cent.
On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.
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11 May 2023
Market View: - SIA’s redemption of MCBs; The Place Holdings to sell 11% of New Vision Holding; SingPost’s 25% drop in 2H net profits; Banks’ net interest margins could be past their peak
Singapore shares opened slightly higher today after international markets ended mixed on news of US inflation cooling.
In early trade, the Straits Times Index increased by 0.03 per cent to 3,423.11 points, after 71.6 million shares were traded.
In terms of companies to watch, we have Singapore Airlines. The national flag carrier announced that it intends to redeem half of the mandatory convertible bonds (MCBs) it issued in June 2021.
Meanwhile, shares of The Place Holdings were heavily traded after the group said it is in talks to sell up to 11 per cent of New Vision Holding. Investors are also keeping tabs on a number of companies seeing developments today ranging from SingPost to CapitaLand Investment.
On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.
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27 April 2023
Market View: Singapore hikes ABSD for residential properties; UOB’s net profit up 67% yoy; CDL, UOL Group, GuocoLand and Oxley Holdings stocks tumble; NASDAQ gained on Meta’s earnings beat
Singapore shares fell this morning, following hikes in Additional Buyer Stamp Duty (ABSD) rates for residential properties.
In early trade, the Straits Times Index (STI) fell 0.5 per cent to 3,276.95 points after 101.5 million securities changed hands in the broader market.
In terms of companies to watch, we have UOB, after the bank reported net profit of S$1.5 billion for the first quarter ended March, up 67 per cent from Q1 2022.
Meanwhile, investors in Singapore are also tracking property counters, which were largely in the red after authorities raised the ABSD rate for foreigners buying any residential property from 30 per cent to 60 per cent – the highest increase.
The rate will be raised from 17 per cent to 20 per cent for Singapore citizens buying their second residential property, and from 25 per cent to 30 per cent for those buying their third and subsequent property.
On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.
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20 April 2023
Market View: US economy stalled in recent weeks; Mixed earnings from IBM, Morgan Stanley and Tesla; Alibaba’s Freshippo and a possible Hong Kong IPO; Keppel Reit’s distributable income down 6.7% yoy
Singapore shares fell this morning after global markets closed mostly flat or lower overnight.
In early trade, the Straits Times Index (STI) fell 0.2 per cent to 3,318.56 points, after 19.2 million securities changed hands in the broader market.
In terms of companies to watch, Nanofilm Technologies fell 9.1 per cent after the company announced a 40 per cent fall in revenue for the first fiscal quarter yesterday.
Keppel Reit is also in focus after posting a 6.7 per cent on-year drop in distributable income from operations for the first quarter ended March.
Elsewhere, investors continue to fret over the inflation outlook in the US, while mixed US corporate earnings also provided little cheer for market participants.
On Market View, the Drive Time team unpacked these developments with David Chow, Director Azure Capital.
Download this podcast.
6 April 2023
Market View: US non-farm payrolls; Asean+3 region to grow 4.6% in 2023; Vietnam government to probe TikTok’s operations; Singtel to integrate IndiHome into Telkomsel
Singapore stocks fell this morning, tracking the slowdown in global markets overnight.
In early trade, the Straits Times Index (STI) dropped 0.4 per cent to 3,305.04 points, after 34.9 million securities changed hands in the broader market.
In terms of companies to watch, we have Singtel, after the company announced that its Indonesian associate Telekomunikasi Selular (Telkomsel) has entered into a conditional spin-off agreement with the parent company of Indonesian telco IndiHome, to integrate IndiHome’s services into Telkomsel.
Meanwhile, global investors continue to set their sights on Friday’s US non-farm payroll figures for a snapshot of the world’s largest economy.
On Market View, the Drive Time team took a closer look at these developments with David Chow, Director Azure Capital.
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23 March 2023
Market View: Fed Chair Jerome Powell raises rates by 25bps; Contradicting messages by Powell and US Treasury Secretary Janet Yellen; UBS to shrink Credit Suisse’s US$10b shipping portfolio; Singapore’s headline inflation at 6.3%; Sembcorp Industries reportedly considering sale of its waste management unit; Boustead Projects to restore free float or be directed to delist
Singapore stocks opened lower today, following the US Federal Reserve’s move to hike interest rates by 0.25 per cent, the ninth increase in a year.
The Straits Times Index fell 0.6 per cent to 3,200.88 points after 74.4 million securities changed hands.
In terms of companies to watch, we have Sembcorp Industries, after a Bloomberg report suggested that the firm may be considering selling its waste management unit.
Meanwhile, investors continue to digest the latest quarter point rate increase by the US Federal Reserve overnight, as well as contradictory message
On Market View, the Drive Time team unpacked the key developments of the day with David Chow, Director Azure Capital.
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16 March 2023
Market View: Prudential’s profits down 54% yoy due to its Indonesia segment; CapitaLand Integrated Commercial Trust’s subsidiary issuing HK$755m fixed rate notes; First year ‘anniversary’ of US Fed hikes; Credit Suisse to borrow 50 billion francs from Swiss National Bank; Saudi National Bank will not up stake in Credit Suisse; Launch of Baidu’s Ernie Bot to rival OpenAI’s ChatGPT
Singapore shares started the day lower after US and European markets ended mostly in the red overnight, as a liquidity crisis faced by Credit Suisse sparked fears across trading floors.
The Straits Times Index shed 0.9 per cent in early trade to 3,143.43 points as 48.2 million securities changed hands.
In terms of companies to watch, we have Prudential. The insurer yesterday posted profit from continuing operations of US$998 million for FY2022. That’s down 54 per cent from the previous year due to a decline in profit from its Indonesia segment.
Meanwhile, the global financial sector continues to be in focus after signs of trouble at Swiss lender Credit Suisse sent traders running for the hills.
On Market View, the Drive Time team closer look at these developments with David Chow, Director Azure Capital. They also discussed Credit Suisse’s move to borrow from the Swiss National Bank and the launch of Baidu’s Ernie Bot shortly after OpenAI’s unveiling of GPT-4.
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2 March 2023
Market View: EV maker NIO’s 4Q net loss widens to over RMB$5.8b; OUE’s net profits doubled yoy to S$101.2m; South Korea’s semiconductor inventory rose at fastest pace in 27 years; details from Tesla’s investor day
Singapore stocks fell in early trade today following losses in US and Europe markets.
The Straits Times Index fell 0.3 per cent in early trade to 3,246.54 points after 331.5 million securities changed hands.
In terms of companies to watch, Chinese EV maker NIO announced that its net loss for the fourth quarter of 2022 had widened to just over 5.8 billion yuan (S$1.1 billion), despite a 62.2 per cent on-year increase in total revenue.
Meanwhile, we have more news from property developers including OUE. Its net profits doubled year-on-year in the second half of 2022 to S$101.2 million, on higher revenue.
On Market View, the Drive Time team unpacked these developments with David Chow, Director, Azure Capital.
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27 December 2021
Market View: Sectors to watch in 2022.
Coming up in the best of Prime Time, Finance Presenter, JP Ong, speaks to David Chow, Director, Azure Capital to review 2021 market highlights, from oil prices to SPACs, and which sectors he is watching out for in 2022.
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9 July 2021
Money and Me: OPEC+ stalemate, China's probe into Didi Global, Gold and old fashioned US stocks
Shehzad Haque sitting in for Michelle Martin and David Chow, Director at Azure Capital discuss the OPEC+ stalemate, China's regulation probe into Didi Global, gold and old fashioned US stocks.
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19 April 2021
Money and Me: Alibaba, Singtel, Geely, small cap S-REITS and FAVE
Michelle Martin and David Chow, Director at Azure Capital discuss what the fine for Alibaba means for the company and other Chinese tech stocks, Singtel as a dividend stock, Geely exploring a SPAC deal, 11 smaller cap REITS in the iEdge S-REIT index with market cap of under 1 billion SGD have generated positive returns and FAVE's sale to pine labs.
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15 March 2021
Aztech Global, Jardine Matheson and Jardine Strategic and the global semiconductor chip shortage
Michelle Martin and David Chow, Director of Azure Capital discuss what will define investor interest this week, Aztech Global as a stock to watch, Jardine Matheson's buyout of Jardine Strategic and the global semiconductor chip shortage.
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23 February 2021
Market View: Of Rising Yields and Opportunities In Singapore Equities
The continued steepening of the US yield curve seems to have equity markets questioning hefty gains. David Chow, Vice President at Azure Capital, joined us on Prime Time to discuss how they're viewing the recent rise in yields, and also shared with us why they're upbeat on the prospects of Singaporean manufacturers as a sector worth watching.
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