Singapore shares opened stronger today after global markets finished mixed overnight.

In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,328.99 points after 76.3 million securities changed hands in the broader market.

In terms of companies to watch, we have UOB. The bank’s net profit for the second quarter rose 27 per cent to S$1.4 billion on higher net interest income, and trading and investment income.

Meanwhile, from a quick look at the latest distribution numbers from S-Reits including Mapletree Industrial Trust and CapitaLand China Trust, to the US Federal Reserve’s decision to take interest rates to the highest level since 2001, more corporate and international headlines are in focus.

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

Singapore shares opened stronger today after global markets finished mixed overnight.
In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,328.99 points after 76.3 million securities changed hands in the broader market.
In terms of companies to watch, we have UOB. The bank’s net profit for the second quarter rose 27 per cent to S$1.4 billion on higher net interest income, and trading and investment income.
Meanwhile, from a quick look at the latest distribution numbers from S-Reits including Mapletree Industrial Trust and CapitaLand China Trust, to the US Federal Reserve’s decision to take interest rates to the highest level since 2001, more corporate and international headlines are in focus.
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: Fed raises rates to highest level since 2001; S-Reits’ (Mapletree Industrial Trust, CapitaLand China Trust) distribution figures; UOB’s 2Q net profit up 27% yoy; Olam Group expects “materially lower” net profits

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