Singapore shares dipped today after global markets ended mixed overnight.

In terms of companies to watch for today, we have Sabana Industrial Real Estate Investment Trust.

That’s after its manager has criticised activist investor Quarz Capital’s proposal for the Reit to use an internal manager instead, warning unit holders that it may destroy the value of their investment. 

Meanwhile, we’re seeing a number of international news making headlines including Japan’s inflation numbers, leadership changes at TikTok, layoffs at Ford and not to mention – a cage fight between Twitter’s Elon Musk and Meta’s Mark Zuckerberg.

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