The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Market View: Apple’s Tim Cook in Singapore; LG Electronics to raise up to US$1b in US dollar bond deal; Elon Musk asks shareholders to make him richer; CDL and Delfi Orchard’s S$438m collective sale; Cordlife’s police report against former employees, private placement; DFI retail group puts last two SG properties on market
Singapore stocks advanced this morning, despite losses in the US market and mixed results in regional markets.
In early trade, the Straits Times Index (STI) rose 0.3 per cent to 3,164.75 points after 73.8 million securities changed hands in the broader market.
In terms of companies to watch, we have DFI Retail Group. The group has put its last two Singapore properties on the market. BT reported that the total guide price for these two assets is S$48.5 million, though potential buyers can make offers for one or both properties.
Elsewhere, from LG Electronics aiming to raise up to US$1 billion with dollar bonds to Apple CEO Tim Cook’s meeting with Singapore leaders, more corporate and international headlines remain in focus.
Also in focus – the latest earnings season underway in the US.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.
