23 August 2023
Market View: Singapore’s yearly inflation at 4.1% in July; Expectations of MAS’ next policy move; Global investors shed Chinese blue chip stocks; Japan and South Korea’s manufacturing activity; Nikkei expected to rise nearly 8% by year end; EV market VinFast’s shares skyrocketed 109 per cent; Meta’s new AI model
Singapore stocks declined today after global markets ended Tuesday mixed.
In early trade, the Straits Times Index (STI) headed down 0.4 per cent to 3,148.96 points after 22.6 million securities changed hands in the broader market.
In terms of economic data points to watch, Singapore’s inflation both continued to fall in July, with the headline figure down to 4.1 per cent year-on-year.
Elsewhere from Meta Platforms releasing an artificial intelligence model capable of translating and transcribing speech to Japan’s Nikkei expected to rise nearly 8 per cent by year-end, more international headlines are in store.
On Market View, the Drive Time team unpacked these developments with Robert St Clair, Managing Director and Strategist, Fullerton Fund Management.

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28 June 2023
Market View: UBS to cut over half of Credit Suisse’s 45,000-strong workforce; SIA’s CEO’s remuneration up 86%; Russia-based Don Agro International shares up as much as 89.5 per cent after proposing to sell crop and milk production businesses for 6.2b roubles; US reportedly mulling new AI chip export restrictions: Joe Biden says US will avoid recession
Singapore shares started trading in positive territory today, tracking gains in the US and Europe.
In early trade, the Straits Times Index was up 0.5 per cent at 3,220.76 points after 51.3 million securities changed hands across the broader market.
In terms of companies to watch, we have Catalist-listed Don Agro International. The Russia-based agricultural company has proposed to sell its crop and milk production business –for 6.2 billion roubles or around S$113 million.
Meanwhile, from UBS preparing to cut over half of Credit Suisse’s 45,000-strong workforce to SIA’s remuneration for its chief executive and its dividends for shareholders, corporate headlines continue to be in focus.
On Market View, the Drive Time team unpacked these developments with Robert St Clair, Managing Director and Strategist, Fullerton Fund Management.

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25 April 2023
Market View: Netflix’s US$2.5b investment in South Korea; Deepening selloff in Chinese equities; Developments from CapitaLand China Trust and Dasin Retail Trust; South Korea’s better-than-expected economic growth in Q1
Singapore shares fell this morning after global markets closed mixed or flat overnight.
In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,322.83 points after 41.1 million securities changed hands in the broader market.
Some notable names seeing new developments include CapitaLand China Trust, after the trust posted a 1.6 per cent dip in net property income to 339.1 million yuan (S$65.5 million) for the first quarter of FY2023.
Meanwhile, a busy day for Asia which saw a deepening selloff in Chinese equities, and Netflix announcing plans to invest up to US$2.5 billion in South Korea over four years to produce Korean TV series, double the firm has invested in the market since 2016.
On Market View, the Drive Time team unpacked these developments with Robert St Clair, Managing Director and Strategist, Fullerton Fund Management.

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14 March 2023
Market View: Sembcorp Industries’ JV to build solar power plant in Oman; Yoma Strategic to restructure debt facilities for Yoma Central; Containing the fallout from the collapse of SVB and Signature Bank; US President Joe Biden vows tougher bank regulations; First Republic shares slumped on contagion fears; US CPI expectations for February
Singapore shares slipped in the first few minutes of trade today, extending the previous day’s losses.
The Straits Times Index headed down 0.6 per cent to 3,112.54 points in early trade after 176.7 million securities changed hands.
Some notable names seeing new developments include Sembcorp Industries, with its 80 per cent-owned joint venture clinching a contract to build, own and operate a 500 megawatt solar power plant in Oman.
Meanwhile, global bank stocks continued to take a beating around the world amid the collapse of Silicon Valley Bank and Signature Bank even as US President Joe Biden declared that the US banking system was safe and vowed stiffer bank regulations.
On Market View, the Drive Time team unpacked these developments with Robert St Clair, Managing Director and Strategist at Fullerton Fund Management.
Download this podcast.