Singapore shares started the week lower after US equities ended down on Friday.

In early trade, the Straits Times Index (STI) was down 0.1 per cent to 3,204.36 points after 63 million securities changed hands in the broader market.

In terms of companies to watch for today, we have Genting Singapore. The company announced on Friday that its net profit more than tripled year-on-year to S$129.2 million for the first quarter ended March, though this is no reason for optimism if we dive deeper into the numbers. 

Elsewhere, investors continue to monitor more developments out of the US including plans to resume debt ceiling talks tomorrow, and the meet-up between Tesla’s CEO Elon Musk and Samsung Electronics’ executive chairman JY Lee and the odds of a possible alliance.

On Market View, the Drive Time team unpacked these developments with David Kuo, Co-founder, The Smart Investor.

Singapore shares started the week lower after US equities ended down on Friday.
In early trade, the Straits Times Index (STI) was down 0.1 per cent to 3,204.36 points after 63 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Genting Singapore. The company announced on Friday that its net profit more than tripled year-on-year to S$129.2 million for the first quarter ended March, though this is no reason for optimism if we dive deeper into the numbers. 
Elsewhere, investors continue to monitor more developments out of the US including plans to resume debt ceiling talks tomorrow, and the meet-up between Tesla’s CEO Elon Musk and Samsung Electronics’ executive chairman JY Lee and the odds of a possible alliance.
On Market View, the Drive Time team unpacked these developments with David Kuo, Co-founder, The Smart Investor.

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: Genting Singapore’s Q1 EBITDA down 25% qoq; ST Engineering’s Q1 revenue up 13% yoy; Thailand’s election vs the Thai Baht; US Congressional Budget Office on US default; Samsung and Tesla’s possible alliance to develop chips for autonomous vehicles

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