12 July 2023
Market View: Fast Retailing’s earnings as a bellwether of China’s retail recovery; Sumitomo Mitsui Financial Group launches digital bank in US; Japan’s wholesale inflation slowed for sixth straight month; New Zealand’s central bank pauses interest rate hikes; US inflation expectations
Singapore shares started the day on a softer note despite overnight gains on the global market.
In early trade, the Straits Times Index (STI) headed down 0.1 per cent to 3,159.74 points after 63.7 million securities changed hands in the broader market.
In terms of companies to watch for today, we have UOL Group and Singapore Land Group.
This comes as the Housing and Development Board announced the award of a mixed-use land parcel in Tampines to a joint venture between a UOL-Singapore Land consortium and CapitaLand Development.
Elsewhere, from Fast Retailing’s earnings being a bellwether of China’s retail industry to Huawei plotting a return to the 5G smartphone industry and to Japan’s wholesale inflation slowing for the 6th straight month, more international headlines continue to be in focus.
On Market View, the Drive Time team unpacked these developments with Sarah Lien, Senior Product Specialist,  Allianz Global Investors.

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Listen to her previous podcasts:

26 November 2020
Market View: Low Volatility Strategies Amidst the Changing Market Landscape
Low volatility stocks underperformed broader markets amidst the turbulence brought by the COVID-19 pandemic. Sarah Lien, Director at Eastpring Investments, joined us on Prime Time to discuss why this was the case, and why a low volatility strategy is still an effective strategy to employ amidst the changing market conditions.

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3 September 2020
Better Days Ahead for Singapore's Resilient REITs
Eastspring Investments thinks that the worst may be behind Singapore's resilient REITs. Sarah Lien, Director and Client Portfolio Manager for Eastspring Investments, spoke to us about why the outlook's more encouraging, and how they evaluate opportunities in the REIT space.

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