Singapore stocks fell in early trade today following losses in US and Europe markets.  

The Straits Times Index fell 0.3 per cent in early trade to 3,246.54 points after 331.5 million securities changed hands. 

In terms of companies to watch, Chinese EV maker NIO announced that its net loss for the fourth quarter of 2022 had widened to just over 5.8 billion yuan (S$1.1 billion), despite a 62.2 per cent on-year increase in total revenue. 

Meanwhile, we have more news from property developers including OUE. Its net profits doubled year-on-year in the second half of 2022 to S$101.2 million, on higher revenue. 

On Market View, the Drive Time team unpacked these developments with David Chow, Director, Azure Capital.

Singapore stocks fell in early trade today following losses in US and Europe markets.  
The Straits Times Index fell 0.3 per cent in early trade to 3,246.54 points after 331.5 million securities changed hands. 
In terms of companies to watch, Chinese EV maker NIO announced that its net loss for the fourth quarter of 2022 had widened to just over 5.8 billion yuan (S$1.1 billion), despite a 62.2 per cent on-year increase in total revenue. 
Meanwhile, we have more news from property developers including OUE. Its net profits doubled year-on-year in the second half of 2022 to S$101.2 million, on higher revenue. 
On Market View, the Drive Time team unpacked these developments with David Chow, Director, Azure Capital.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: EV maker NIO’s 4Q net loss widens to over RMB$5.8b; OUE’s net profits doubled yoy to S$101.2m; South Korea’s semiconductor inventory rose at fastest pace in 27 years; details from Tesla’s investor day

Advertisement