The Afternoon Update with Lynlee Foo
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Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.
FEB 27, 2024
27/02/24 - ECO MONEY: Budget Sustainability HighlightsSecurity and sustainability go hand in hand for business and the nation.
This was highlighted in two key sustainability areas of this year’s Singapore National Budget which rolls out the first instalment of the Forward Singapore programmes.
Deputy Prime Minister Lawrence Wong delivered his third annual Budget speech in Parliament on February 16th - he highlighted that for firms to be competitive, they also need to embrace sustainability.
Rachel Kelly takes a closer look at the sustainability elements of Budget 2024.
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08:23
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FEB 27, 2024
27/02/24 - What's Trending: "Cereal for Dinner?" Why Kellogg's CEO is under fireOn What's Trending, China's Luckin Coffee is feeling lucky as it surpasses rival Starbucks in sales. On the other hand, Kellogg's CEO suggests eating cereal for dinner as a cost-cutting alternative, but faces backlash from netizens.
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05:21
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FEB 26, 2024
26/02/24 - Money in the Market: Will Amazon help boost the Dow Jones Industrial Average to outperform the S&P 500 and Nasdaq?Later tonight, the Dow Jones Industrial will have a new look. Instead of Walgreens Boots Alliance, Amazon.com will be part of the index. This comes as Walmart conducts a 3-to-1 stock split, cutting its stock weighting in the index. So what does that mean for the Dow Jones index and Amazon.com? Why was Amazon selected? On Money in the Market, Hongbin Jeong speaks to Abhishek Vishnoi, Senior Reporter for Equities at Bloomberg, to find out more.
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12:07
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FEB 26, 2024
26/02/24 - What’s Trending: Ke Mu San - is everyone really grooving to it?On What’s Trending, find out why the viral ke mu san dance is getting boycotted in Taiwan. And adding onto the viral list is the chocolate-covered strawberry video and understanding its sudden boom.
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06:17
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FEB 23, 2024
23/02/24 - Money in the Market: Should you put Singapore Airlines on your market watch list?Earnings results are still underway. This week, we saw Singapore Airlines post their results. And while it achieved a record operating and net profit for the first nine months, the carrier saw a mixed financial result for Q3. Investors were not pleased. Shares of SIA tumbled as much as 9.4 per cent during early trading after the announcement, despite hitting a six-month high the day prior. On Money in the Market, Hongbin Jeong speaks to Isaac Lim, Market Strategist of Moomoo Financial Singapore, to find out more about the results and whether SIA is a good stock to buy.
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16:50
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FEB 23, 2024
23/02/24 - Market Wrap: Why investors weren’t impressed with UOB, SIA and Genting Singapore’s latest earningsEarnings season is well underway here in Singapore. UOB delivered robust profits in 2023 and increased its final dividend payout for the year, but investors weren’t pleased. Shares of UOB tumbled after the announcement. Singapore Airlines and Genting Singapore also missed earnings estimates. But iFast Corp was a brightspot with its Q4 net profit surging more than 900%. On The Afternoon Update, Hongbin Jeong speaks to Dan Chang C S, Trading Rep, Phillip Securities, to find out more about the latest earnings results as well as how the STI fared in the past week on Market View’s Market Wrap of the Week.
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20:02
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FEB 23, 2024
23/02/24 - Financial Hit: Is X upending live sports television?On The Afternoon Update, Hongbin Jeong is joined by Sean Cheong on the Financial Hit to discuss the recent deal Elon Musk’s X has recently announced with World Wrestling Entertainment that could change how fans watch sports. Like other recent sports media deals, X and WWE’s tie-up will be streamed. What will this mean for X? What about for Live television? On a separate note, a ticket to a sports game saw a 40,700 percent profit due to this one particular person and his shocking annoucement...
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23:31
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FEB 22, 2024
22/02/24 - Money in the Market: Bitcoin is back with a bang. Is the rally here to stay?The crypto space ended 2023 on a high, and the stellar rally has continued into this year, with Bitcoin more than tripling to $52,000 since November 2022. Investors have returned to the market in recent weeks, pushing the asset market capitalization above $1 trillion for the first time since 2021. So it’s all high and boom for Bitcoin and the crypto market in the year ahead? On Money in the Market, Hongbin Jeong speaks to Lasanka Perera, CEO, Independent Reserve Singapore, to find out more.
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11:59
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FEB 22, 2024
22/02/24 - What's Trending: "Pig” reaction for this new Starbucks drinkOn What’s Trending, an auction is being held for Elton John’s personal items at Christie’s New York. Another artist up our radar, Beyoncé, who has become the first Black woman to top Billboard's country music chart. And lastly, Starbucks China released their Lunar New Year menu, giving people ‘pig’ reactions.
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06:30
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FEB 21, 2024
21/02/24 - Money in the Market: Will the Malaysian ringgit breach its lowest level, hit back in 1998?The Malaysian ringgit has continued its slide, with most recently hitting its lowest level since 1998. The recent weakness in the ringgit was partly due to the soft economic expansion reported last week, whereby annual gross domestic product growth for 2023 missed the official forecast, also driven by China’s sluggish economy hurting exports in the country. But some say it is doubtful that it will breach its record low, hit back in 1998. On Money in the Market, Hongbin Jeong speaks to Lim Jun Kit, Strategist, Phillip Nova, to find out more about the outlook of the ringgit.
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11:48
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