Singapore stocks opened slightly lower today following a muted performance on Wall Street overnight.

That’s as data released yesterday showed US consumer prices rose more than expected in December, signs that it was still premature for the Federal Reserve to be cutting interest rates.

In terms of companies to watch today, we have Ho Bee Land. The real estate group said yesterday that its net loss for the full year ended Dec 31, 2023 is expected to widen.

The projected net loss is driven mainly by a fair-value loss based on indicative valuations of its portfolio of investment properties in London. 

Elsewhere, from the hotter-than-expected December CPI numbers out of the US, to Chinese export data, more international headlines are in focus. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.