8 October 2024
Market View: China’s spending plans fell short of expectations, investors return from Golden Week Holiday; Foxconn building world’s largest Nvidia superchip facility; Short sentiment weighs on SGX-listed semiconductor plays and more
Singapore shares began the day in the positive territory after US equities fell overnight.
In early trade, the Straits Times Index (STI) was up 0.1 per cent at 3,603.41 points after 88.5 million securities changed hands in the broader market.
In terms of companies to watch, we have enterprise technology company Silverlake Axis. Silverlake Axis said last evening that it lost its free float as less than 10 per cent of its shares are publicly held and that it no longer meets the Singapore Exchange free-float requirement.
Elsewhere on how semiconductor plays in Singapore are stumbling amid rising short interest, to Foxconn building the world’s largest Nvidia superchip factory – more chip-related headlines are in focus.
Also on deck, China’s latest spending plans announced as markets returned from the Golden Week Holiday.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.

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9 September 2024
Bigger Picture: Fed rates - how big a cut can we expect?
Willie Keng speaks to Kelvin Wong, Senior Market Analyst, OANDA,who provides an overview of how big a rate cut we can expect from the Fed next week. He also analyses economic data indicators that the Fed is watching to justify its approach; how markets and other central banks may react; and investor risks in the current market environment.
Presented & Produced by Willie Keng
Edited by Emaad Akhtar

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3 September 2024
Market View: Cathay Pacific cancels flights after discovering faulty component on A350s, CapitaLand Investment sells 50% interest in Ion Orchard to CICT; South Korea’s consumer inflation weakest in 3.5 years in August; UK consumers versus “double dip shrinkflation”
Singapore shares started trading in positive territory today despite the European market ending little changed the previous day.
In early trade, the Straits Times Index (STI) opened 0.2 per cent higher at 3,468.84 points after 32.7 million securities changed hands in the broader market.
In terms of companies to watch, we have CapitaLand Investment. CapitaLand Investment has agreed to sell a 50 per cent interest in Ion Orchard and its connecting underpass, Ion Orchard Link, to CapitaLand Integrated Commercial Trust for an estimated purchase consideration of S$1.1 billion.
Elsewhere, from Cathay Pacific Airways cancelling flights after discovering a faculty component on some of its Airbus A350s, to British shoppers wising up to what’s said to be “double dip shrinkflation”, more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.

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7 August 2024
Market View: DBS Q2 net profit up 6% yoy; Venture Corp’s net profit down 11.7% yoy; Outlook for Europe-focused S-REITS; Chinese exports climb 7% yoy in July; BoJ on market volatility, implications on Yen; US earnings – lookahead to Walt Disney’s report; Breakdown of Airbnb, Novo Nordisk’s earnings
Singapore shares started trading in the positive territory today, tracking overnight gains in global markets.
The Straits Times Index (STI) opened 1 per cent higher at 3,229.73 points after 21 million securities changed hands in the broader market.
In terms of companies to watch, we have DBS, after the firm said today that its net profit for its second quarter rose amid a broad-based growth in total income.
Elsewhere, from a deep dive into the S-REIT sector, to China’s latest export growth and the Bank of Japan softening its interest rate stance amid a global market rout – more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.

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24 July 2024
Market View: Mixed earnings from Visa, Tesla, Google’s Alphabet; US political uncertainties on mega caps like Tesla, on USD; OpenAI’s safety leader works on new research project; South Korea’s appetite for luxury goods; Sabana REIT’s DPU down 16.8% yoy; Hutchison Port Holdings’ earnings
Singapore stocks opened weaker today following a mixed performance in the US and in Europe.
In early trade, the Straits Times Index (STI) was down 0.4 per cent to 3,448.59 points after 38.8 million securities changed hands in the broader market.
In terms of companies to watch, we have Hutchison Port Holdings Trust after the port operator today reported a 66.6 per cent on-year increase in earnings for the first half of 2024 to HK$158.1 million (S$27.2 million).
Meanwhile, from the mixed batch of US earnings overnight, to the outlook for US policy post-election and impact on mega caps like Tesla, as well as implications on the king dollar, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.

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16 July 2024
Bigger Picture: Trump trades to watch
Kelvin Wong, Senior Market Analyst, OANDA explains the various links between Presidential candidate Donald Trump and select sectors, stocks, currencies which have gotten a boost following a failed assassination attempt.
Produced/Presented: Ryan Huang

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6 June 2024
US Markets Wrap: Nvidia drives indexes to new highs
Kelvin Wong, senior market analyst, OANDA discusses the new record highs on Wall Street by the S&P 500 and NASDAQ, as Nvidia led major tech stocks higher and slightly weak labor market data gave investors hope the Federal Reserve might move to lower interest rates later this year.
Produced/Presented: Ryan Huang

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4 June 2024
Market View: India’s General Election, impact on Nifty 50, conglomerates like Tata, Adani; US Manufacturing ISM and concerns on economy; South Korea’s inflation cools in May; Intel’s new chip launch and more
Singapore equities began trading in negative territory today, following mixed performances from US stocks as investors tried to shake off economic concerns.
In early trade, the Straits Times Index (STI) moved 0.1 per cent lower at 3,344.53 points after 27.5 million securities changed hands in the broader market.
In terms of companies to watch, we have CapitaLand Ascott Trust, after the stapled group acquired a remaining 10 per cent stake in a 678-bed freehold student accommodation property in South Carolina.
Meanwhile, from more on India’s general election results and impact on the country’s stock market, to inflation cooling in South Korea - more international headlines remain in focus.
Also on deck, the battle to capture the AI chip market heats up with Intel coming into the picture.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.

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25 April 2024
Money in the Market: Will the yen weaken past the 170 level against the US dollar?
Japanese authorities are keeping a close eye on currency markets as the yen has fallen to a fresh 34-year low against the dollar. Now this has further fueled speculation of an intervention to support the currency. So what would an intervention look like? And what can we expect in currency markets ahead of Japan's interest rate decision on Friday? On Money in the Market, Hongbin Jeong speaks to Kelvin Wong, Senior Market Analyst, Oanda, to find out more.

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23 April 2024
Market View: Singapore’s inflation numbers; CapitaLand Ascendas Reit’s higher average rental rate, Keppel Reit’s net property income up 7.2% yoy in Q1; Gojek, ComfortDelGro Taxi to dispatch untaken ries to each other’s platform; Bubble tea craze vs Chabaidao’s nearly 40% slump in HK debut; Reuters report on Chinese entities acquiring advanced Nvidia chips in server products made by Super Micro Computer, Dell, Gigabyte Technology
Singapore stocks opened stronger today following overnight gains on global markets as easing tensions in the Middle East boosted investor confidence.
In early trade, the Straits Times Index (STI) rose 1 per cent to 3,258.07 points after 76.6 million securities changed hands in the broader market.
In terms of companies to watch, we have CapitaLand Ascendas Reit. Its manager yesterday reported a higher average rental rate of 16.9 per cent for leases renewed in the first quarter of 2024, up from 15.2 per cent in the previous quarter.
Elsewhere, from a media report on how China acquired recently banned Nvidia chips in Super Micro and Dell servers, to bubble tea brand Chabaidao’s trading debut on the Hong Kong Stock Exchange, more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.

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12 April 2024
Bigger Picture: What to expect as bank earnings season kicks off
Just as the earnings season is about to kick off, higher interest rates for a longer period are back in vogue after an uptick in March's US CPI & firmer oil prices. What’s the implication of that data?
Kelvin Wong, Senior Analyst, OANDA, tells Sean Cheong what he is looking forward to ahead of the current US bank earnings season.
Presented and edited by Sean Cheong

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14 February 2024
Bigger Picture: Nikkei 225 breaks above 38,000, what's next?
Kelvin Wong, Senior Market Analyst at OANDA, discusses what's driving Japanese stocks higher, and how crucial a weak yen will be to sustain the momentum.
Presenter: Sean Cheong

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6 February 2024
Market View: China pledges to stabilise markets after rout; Freefall in Alibaba’s shares; McDonald’s said to open 1,000 more outlets in China; DPU of CapitaLand Integrated Commercial Trust, Paragon Reit; UBS Q4 earnings beat expectations amid acquisition of Credit Suisse; US, Europe banking sector outlook
Singapore stocks began trading in negative territory this morning, following overnight losses in global equity markets.
In early trade, the Straits Times Index (STI) declined 0.2 per cent to 3,128.97 points after 112 million securities changed hands in the broader market.
CapitaLand Integrated Commercial Trust is in focus today after it posted a distribution per unit (DPU) of S$0.0545 (5.45 Singapore cents) for the second half ended December 2023, up 1.7 per cent from the previous corresponding period.
Meanwhile from McDonald’s deepening its presence in China to more on e-commerce giant Alibaba, more international and corporate headlines are in store.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Market Analyst, OANDA.

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2 January 2024
Bigger Picture: Key drivers for US stock market performance in 2024
Kelvin Wong, Senior Analyst, OANDA, recaps the performance of the US stock market (equities, bonds, rates) for 2023; discusses key drivers of stock market performance in the new year; the chances of a potential recession; key events to watch out for this week; and what could drive a recovery in Chinese markets in 2024.
Presented by Willie Keng
Podcast edited by Emaad Akhtar (eakhtar@sph.com.sg)

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13 December 2023
Bigger Picture: Hong Kong's market hits new lows; how can investors navigate this?
Kelvin Wong, Senior Market Analyst, Oanda, weighs in on the state of the global economy in light of recent data and earnings reports; whether the market's alleged "greed" will continue to push stocks higher; Hong Kong's markets hitting new lows and how investors should position themselves against this backdrop.
Presented by: Sean Cheong
Podcast edited by: Emaad Akhtar (eakhtar@sph.com.sg)

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6 November 2023
Bigger Picture: Have DBS' rising net interest margins peaked?
Kelvin Wong, Senior Market Analyst, OANDA, dissects DBS' third quarter earnings results. He weighs in on whether the numbers outperformed expectations; whether rising net interest margins have peaked; how higher interest rates will impact the outlook for loans; the momentum in the wealth management and cards segment; and how investors should approach the digital disruptions that DBS has been facing.
Presented by Ryan Huang
Podcast edited by Emaad Akhtar (eakhtar@sph.com.sg)

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25 September 2023
Bigger Picture: What the sweet spots for investing in bonds?
Kelvin Wong, Senior Market Analyst, OANDA weighs in on bonds with the 10-year Treasury yields its highest level since 2007, the sweet spot for investing in bonds and whether it is a good idea to diversify your bond portfolio across different durations to manage risks.
Presented by Willie Keng
Podcast edited by Anthea Ng (nganthea@sph.com.sg)

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21 August 2023
Bigger Picture: Why investors are watching Jackson Hole Symposium
Kelvin Wong, Senior Market Analyst, OANDA discusses what to look out for when Fed Chair Jerome Powell makes his speech to wrap up the Jackson Hole Symposium on Friday, as well as how much rate cuts by Chinese policy makers will help the economy.

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4 August 2023
Bigger Picture: OCBC Q2 profit rises 34%; dividend of 40 cents declared
Kelvin Wong, Senior Market Analyst, OANDA discusses if net interest margins can continue to fuel growth for banks in the coming quarters, and how much we should be concerned about a loans growth slowdown.

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4 July 2023
Market View: Singapore’s PMI figures; Sats and SingPost explores strategic partnership on e-commerce transhipment hub in Singapore; China to control exports of metals used in semiconductor industry; Hong Kong’s aviation sector to recover sooner than expected; Meta Platforms to launch Threads
Singapore stocks opened little changed today, following overnight losses in Europe and a muted performance on Wall Street.
In early trade, the Straits Times Index (STI) edged down 0.01 per cent to 3,206.69 points after 42.4 million securities changed hands across the broader market.
In terms of companies to watch for today, we have Sats and SingPost, after news that both parties are exploring a strategic partnership in the potential establishment of an e-commerce transhipment hub in Singapore.
Elsewhere, from Singapore’s latest factory activity numbers to Hong Kong’s aviation recovery and China restricting chipmaking exports – more international news continue to make the headlines. Not to mention – Meta to launch Twitter-like app Threads.
On Market View, the Drive Time team unpacked these developments with Kelvin Wong, Senior Market Analyst, OANDA.

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26 June 2023
Bigger Picture: Wagner Group vs Russia - how markets are reacting
Kelvin Wong, Senior Market Analyst, OANDA explains how markets are reading into the internal strife in Russia, and the key events this week to watch out for including US inflation and jobs data.

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29 May 2023
Bigger Picture: Markets set to bounce on US debt ceiling deal
Kelvin Wong, Senior Market Analyst, OANDA discusses the market implications as US President Joe Biden reaches an agreement in principle with House Speaker Kevin McCarthy to suspend the debt ceiling till 2025.

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15 May 2023
Market View: Thai elections impact on currency and equity, SNP 500, Newcrest Mining, China equities, Alternative investments, STI, Tech stocks
Are International investors concerned at all about how elections in Thailand and Turkey play out? Is it time to think of alternative investments - what are your choices? Will China’s recovery continue to boost US and other Asian companies? How will the US debt crisis impact equity prices? Michelle Martin and Kelvin Wong dive into the issues that matter.

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4 May 2023
US Markets Wrap: May the Fed be with you, says OANDA's Kelvin Wong
Stocks fell after the Federal Reserve raised rates by 25 basis points, as widely expected. Rates were raised by another quarter-point to a target range of 5% to 5.25%, the highest level since 2007.
Kelvin Wong, Senior Market Analyst at OANDA shares his take on the notable movers overnight, the risk of a recession and whether he thinks the banking sector is healthy at this point.

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18 August 2022
Breakfast Brief: 'OPEC not to blame for soaring inflation'
In today's Breakfast Brief, we discuss with Kelvin Wong, Analyst, CMC Markets on his view on the latest FOMC minutes, UK inflation hitting a new 40-year high and new OPEC Secretary-General Haitham Al Ghais latest inflation comment.

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4 August 2022
Market View: DBS earns big, Market impact of Pelosi's trip, REITS, Gold
Another bank earnings report is on Michelle's radar today as DBS reports a 7 per cent rise in net profit for the second quarter. Michelle Martin invites Kelvin Wong, Analyst, CMC Markets to share more on his views on the prospects for DBS and other Singaporean banks. They also discuss the global market impact from Nancy Pelosi's trip to Taiwan, give an overview of the performance of REITS and discuss the outlook on Gold as inflation mounts.

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3 August 2022
Bigger Picture: OCBC Earnings
Bigger Picture: OCBC Q2 profit jumps 28 percent on rising rates
Kelvin Wong, Analyst, CMC Markets discusses the bright spots and weaknesses for OCBC in its latest earnings, and whether rising rates could potentially slow down loans growth.

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23 June 2022
Bigger Picture: China EV plays looking fundamentally attractive
Kelvin Wong, Analyst, CMC Markets, discusses how the support from Chinese policymakers will help prop up the sector, which will also get a lift potentially from a rebound in broader Chinese markets.

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2 June 2022
Stocks To Watch: Bunge and Archer Daniels Midland
DBS Group, OCBC and United Overseas Bank recorded monthly losses for May. Global food and supply shortages make US agriculture commodities trading stocks such as Bunge and Archer Daniels Midland (ADM) attractive. We speak to Kelvin Wong, Analyst, CMC Markets more about this.

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29 April 2022
Bigger Picture: Singapore banks Q1 net profit fall 10%
Kelvin Wong, Analysts, CMC Markets discusses if the drags from high base effects and market volatility will persist, as well as whether bright spots like loans growth and rising NIMs can drive share prices.

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24 March 2022
Stocks to Watch: NIO & Wilmar
Joining us on our Stocks to Watch segment this week is Kelvin Wong, Market Analyst, CMC Markets, who gave an analysis of the sustainability of China's leading EV maker, NIO, current market rally, and the outlook of Wilmar on the backdrop of higher commodities prices.

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14 February 2022
Bigger Picture: DBS Q4 earnings results
Kelvin Wong, Analyst, CMC Markets joins us on the Bigger Picture to discuss the highlights of DBS Bank’s fourth quarter earnings report, its alignment with analysts expectations and potential headwinds for the year ahead.

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13 December 2021
Bigger Picture: Blockbuster week of central bank meetings
Kelvin Wong, Analyst, CMC Markets gives his preview of the FOMC, Bank of England, and Bank of Japan meetings.

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11 October 2021
The Bigger Picture: Winners and losers from rising bond yields, expanded VTL arrangements
Kelvin Wong, Analyst, CMC Markets discusses how rising bond yields will set up the outlook for the third quarter earnings season, as well as how much of a lift Singapore's expanded Vaccinated Travel Lane arrangements will be for local stocks.

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29 September 2021
Bigger Picture: Risk of failing to raise US debt ceiling
Kelvin Wong, Analyst, CMC Markets discusses what is the impact and potential risk of a failure to raise the US debt ceiling for markets.

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14 September 2021
Bigger Picture: China says it has too many EV companies
Kelvin Wong, Analyst, CMC Markets, talks about how the scrutiny on the electric vehicle industry will pan out for the leading companies, and if the Chinese market is still too risky to invest in.

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19 August 2021
Companies to Watch: Nvidia Earnings Report
Tech giant Nvidia has just released its second-quarter earnings results, beating Wall Street estimates because of strong graphics card sales. But the company’s cryptocurrency chip product, CMP, had lower sales, at $266 million, than the $400 million the company predicted in May. Kelvin Wong, Market Analyst, CMC Markets gives an analysis of the hits and misses of Nvidia's earnings report and their plans to tackle graphics cards supply disruptions and keep their earnings positive.

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7 May 2021
Bigger Picture: OCBC Q1 profit more than doubles to record S$1.5b
OCBC Bank's net profit for the first three months of 2021 stood at S$1.5 billion, compared with S$698 million in the same period last year. The earnings beat the S$1.08 billion estimates by Refinitiv. Kelvin Wong, Analyst, CMC Markets gives his analysis of the numbers.

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23 September 2020
Bigger Picture: Investors buy technology shares on the dip
Kelvin Wong, Market Analyst, CMC Markets discusses what's driving technology shares, the negative feedback loop weighing on financial stocks, and whether Tesla is overvalued at over 1,000 times P/E ratio, or there is more upside on the back of its Battery Day event.

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