Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: IMF raises China’s growth forecast, Apple’s first store in M’sia, Vietnam’s inflation at 16-month high; Singtel and STT Telemedia Global Data Centre, Yoma Strategic’s earnings, CDL buys over Delfi Orchard
Singapore stocks started the day on a softer note, after US markets closed overnight mixed.
In early trade, the Straits Times Index (STI) dipped 0.1 per cent to 3,326.72 points after 51.2 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Singtel. That’s after two sources with knowledge of the matter told Reuters that the telco is part of a consortium poised as a frontrunner to buy a minority stake worth US$1 billion in STT Telemedia Global Data Centre (STT GDC), one of Asia’s biggest data centre providers.
Elsewhere from Vietnam’s inflation hitting an 11-month high to Apple opening its first retail location in Malaysia next month, more international and corporate headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Carl Ashton, Investment Counselor, Citi Private Bank.
