Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: HSBC’s US$3B share buyback after Q1 profit falls 25%; Shein hikes US prices by as much as 377%; Expectations ahead of US March PCE Price Index release; Amara surges 27% to reach all-time high on privatisation offer and more
Singapore shares were little changed today even as markets in the region rose.
The Straits Times Index was up a marginal 0.04% at 3,813.20 points at about 2.51pm Singapore time with a value turnover of S$660.61M seen across the broader market.
In terms of counters to watch, we have Amara. Shares surged 27% shortly after the market opened to hit an all-time high after Hwa Hong, Wing Tai, Teo family consortium yesterday launched a bid to take Amara private at S$0.895 a share.
Elsewhere, from HSBC Bank launching a US$3 billion share buyback after reporting a 25 per cent fall in first-quarter profit to fast-fashion giant Shein Group hiking US prices by as much as 377% ahead of imminent tariffs on small parcels – more corporate and international headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Assistant Dealing Manager from Moomoo Singapore.
