Singapore shares opened higher today after European markets ended mixed amid concerns over the US debt deal and rate hike possibility.

In early trade, the Straits Times Index (STI) was up 0.1 per cent to 3,197.69 points after 41.6 million securities changed hands in the broader market. 

In terms of companies to watch for today, we have Sats. The in-flight caterer and ground handler reported earnings of S$6 million for the second half-year ended March 2023. 

That’s a 16.7 per cent decrease year on year, and comes despite a 57.1 per cent increase in revenue. 

Elsewhere, all eyes are on Washington with the House set to vote on the US debt ceiling deal to prevent a painful default by the world’s largest economy. 

Aside from that, we have yet more corporate news for you ranging from BYD’s bid to supply EVs to Indonesia’s largest taxi operator to the trading of three new Thailand blue-chip names on the Singapore stock exchange. 

On Market View, the Drive Time team unpacked these developments with Shekhar Jaiswal, Head of Equity Research, RHB Bank Singapore.

Singapore shares opened higher today after European markets ended mixed amid concerns over the US debt deal and rate hike possibility.
In early trade, the Straits Times Index (STI) was up 0.1 per cent to 3,197.69 points after 41.6 million securities changed hands in the broader market. 
In terms of companies to watch for today, we have Sats. The in-flight caterer and ground handler reported earnings of S$6 million for the second half-year ended March 2023. 
That’s a 16.7 per cent decrease year on year, and comes despite a 57.1 per cent increase in revenue. 
Elsewhere, all eyes are on Washington with the House set to vote on the US debt ceiling deal to prevent a painful default by the world’s largest economy. 
Aside from that, we have yet more corporate news for you ranging from BYD’s bid to supply EVs to Indonesia’s largest taxi operator to the trading of three new Thailand blue-chip names on the Singapore stock exchange. 
On Market View, the Drive Time team unpacked these developments with Shekhar Jaiswal, Head of Equity Research, RHB Bank Singapore.

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: Sats’ 2H earnings down despite 57.1% rise in revenue; SIA’s appetisers on Sats’ top line; Delay in Olam Agri’s IPO; CP All, Airports of Thailand, PPT Exploration and Production; Eyes on Washington with Congress set to vote on debt ceiling deal

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