Singapore stocks started the day on a softer note, after markets in the US and Europe fell overnight. Local banks and index counters also started the morning mixed.

The Straits Times Index headed down 0.1 per cent in early trade to 3,296.24 points after 91 million securities changed hands.

In terms of companies to watch for today, we have UOB, which reported a 24 per cent climb in profits in the second half of the year ended December. But what is the outlook for the banking sector after the latest Fed minutes indicated that rates will likely be higher for longer?

We’re also tracking the property sector today, after CapitaLand Investment reported a 33.8 per cent on-year drop in net profit to S$428 million for the six months ended December. But what’s next for the property sector?

On Market View, the Drive Time team spoke with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management for more. 

Singapore stocks started the day on a softer note, after markets in the US and Europe fell overnight. Local banks and index counters also started the morning mixed.
The Straits Times Index headed down 0.1 per cent in early trade to 3,296.24 points after 91 million securities changed hands.
In terms of companies to watch for today, we have UOB, which reported a 24 per cent climb in profits in the second half of the year ended December. But what is the outlook for the banking sector after the latest Fed minutes indicated that rates will likely be higher for longer?
We’re also tracking the property sector today, after CapitaLand Investment reported a 33.8 per cent on-year drop in net profit to S$428 million for the six months ended December. But what’s next for the property sector?
On Market View, the Drive Time team spoke with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management for more.

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