Singapore stocks opened stronger today after global markets rallied overnight.

In early trade, the Straits Times Index added 0.6 per cent after 46 million securities changed hands in the broader market. 

In terms of companies to watch, we have Sakae. The mainboard-listed restaurant operator today said its executive chairman Douglas Foo entered into a sale and purchase agreement with Makara Capital to sell a 20 per cent stake in the company for S$26.5 million. 

Meanwhile, from China possibly becoming the luxury industry’s next sore spot to Hong Kong’s talent war and the latest US earnings from the likes of Morgan Stanley, Bank of America and Charles Schwab, more international news continue to make the headlines today.

On Market View, the Drive Time team dived into the details with Thomas Rupf, CIO Asia & Head of Trading Execution, VP Bank Ltd Singapore Branch. 

Singapore stocks opened stronger today after global markets rallied overnight.
In early trade, the Straits Times Index added 0.6 per cent after 46 million securities changed hands in the broader market. 
In terms of companies to watch, we have Sakae. The mainboard-listed restaurant operator today said its executive chairman Douglas Foo entered into a sale and purchase agreement with Makara Capital to sell a 20 per cent stake in the company for S$26.5 million. 
Meanwhile, from China possibly becoming the luxury industry’s next sore spot to Hong Kong’s talent war and the latest US earnings from the likes of Morgan Stanley, Bank of America and Charles Schwab, more international news continue to make the headlines today.
On Market View, the Drive Time team dived into the details with Thomas Rupf, CIO Asia &amp; Head of Trading Execution, VP Bank Ltd Singapore Branch.

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: Sakae’s executive chairman Douglas Foo to sell 20% stake for S$26.5m; GXS Bank raises deposit cap; ADB downgrading 2023 growth projection for the Southeast Asia to 4.6%; Talent war among banks, insurers in Hong Kong; US earnings season and sectors to watch.

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