Singapore stocks started the day on an optimistic note. That’s following news by the Ministry of Trade and Industry that gross domestic product was estimated to grow 0.7 per cent year on year in the second quarter of 2023. 

In terms of companies to watch today, we have Hotels Properties Limited. That’s after its co-founder and managing director Ong Beng Seng has been asked by the Corrupt Practices Investigation Bureau (CPIB) to provide information on his interactions with Transport Minister S Iswaran, who is currently on a leave of absence. 

Meanwhile, from the latest Singapore GDP numbers to Tesla selling Chinese-made Model Y in South Korea and PepsiCo’s earnings estimates, more economic and corporate headlines continue to be in focus.

On Market View, the Drive Time team unpacked the developments of the day.