Singapore stocks advanced this morning, following better-than-expected gross domestic product growth in the second quarter of 2024.

The Straits Times Index (STI) opened 0.5 per cent higher at 3,492.95 points after 70.2 million securities changed hands in the broader market.

In terms of companies to watch today, we have Mapletree Logistics Trust after the trust’s manager said it expects negative rental reversions in China to persist over the next few quarters. 

Meanwhile, from a quick look at Singapore’s Q2 GDP numbers to Tesla’s frenetic rally losing steam, more local and corporate headlines remain in focus. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments moving markets for the day.

Singapore stocks advanced this morning, following better-than-expected gross domestic product growth in the second quarter of 2024.
The Straits Times Index (STI) opened 0.5 per cent higher at 3,492.95 points after 70.2 million securities changed hands in the broader market.
In terms of companies to watch today, we have Mapletree Logistics Trust after the trust’s manager said it expects negative rental reversions in China to persist over the next few quarters. 
Meanwhile, from a quick look at Singapore’s Q2 GDP numbers to Tesla’s frenetic rally losing steam, more local and corporate headlines remain in focus. 
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments moving markets for the day.

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: Singapore’s Q2 GDP beat; Mapletree Logistics Trusts on negative rental reversions in China; TSMC Q2 results could fuel rally; Softbank acquires Graphcore; Boeing vs Korean Air; Tesla’s frenetic rally

Singapore stocks wrapped up the day in positive territory, with the Straits Times Index (STI) closing 0.6% higher at 3,755 points amid strong market breadth. 

In terms of companies to watch, Oiltek International shone after reporting a near doubling of its third-quarter earnings, supported by strong demand for its refining business and a robust $400 million order book. 

On the telecom front, market talk of a potential merger between StarHub and M1 has resurfaced, sparking speculation about consolidation in the sector.

On Market View, Frankie Ho dives into the details with James Cheo, Chief Investment Officer for Southeast Asia and India, HSBC Global Private Banking and Wealth.

Singapore stocks wrapped up the day in positive territory, with the Straits Times Index (STI) closing 0.6% higher at 3,755 points amid strong market breadth. 
In terms of companies to watch, Oiltek International shone after reporting a near doubling of its third-quarter earnings, supported by strong demand for its refining business and a robust $400 million order book. 
On the telecom front, market talk of a potential merger between StarHub and M1 has resurfaced, sparking speculation about consolidation in the sector.
On Market View, Frankie Ho dives into the details with James Cheo, Chief Investment Officer for Southeast Asia and India, HSBC Global Private Banking and Wealth.

Market View: Is a StarHub-M1 consolidation finally on the Horizon?

We’ve seen growing conversation around work culture, especially with the global shift toward a shorter workweek. Countries like the US, UK, and New Zealand have already piloted programs to explore the viability of a four-day workweek.

But in Singapore, the idea has faced significant pushback. Should Singapore take the leap and adopt a four-day workweek? Will this be the new norm in the future? 

On The Hot Seat, Hongbin Jeong speaks with Kurt Wee, CEO, Celligenics and Sriram Iyer, Founder & CEO of hrtech to find out. 

We’ve seen growing conversation around work culture, especially with the global shift toward a shorter workweek. Countries like the US, UK, and New Zealand have already piloted programs to explore the viability of a four-day workweek.
But in Singapore, the idea has faced significant pushback. Should Singapore take the leap and adopt a four-day workweek? Will this be the new norm in the future? 
On The Hot Seat, Hongbin Jeong speaks with Kurt Wee, CEO, Celligenics and Sriram Iyer, Founder &amp; CEO of hrtech to find out.

The Hot Seat: Is a 4-day work week really feasible in Singapore? 

Singapore stocks began the day trading in negative territory as markets abroad mostly posted losses overnight.

In early trade, the Straits Times Index (STI) was down 0.3 per cent at 3,726.33 points after 42.3 million securities changed hands in the broader market.

In terms of companies to watch today, we have ComfortDelGro. The transport giant’s net profit grew 15.2 per cent to S$57.5 million for its third quarter ended September, as revenue rose by 18.4 per cent to S$1.2 billion.

Elsewhere, from more on China’s retail sales growing at its fastest clip since the start of the year, to how US automakers fell earlier on the back of a report that US President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric vehicle adoption – more international and corporate headlines remain in focus. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Assistant Dealing Manager from Moomoo Singapore.

Singapore stocks began the day trading in negative territory as markets abroad mostly posted losses overnight.
In early trade, the Straits Times Index (STI) was down 0.3 per cent at 3,726.33 points after 42.3 million securities changed hands in the broader market.   In terms of companies to watch today, we have ComfortDelGro. The transport giant’s net profit grew 15.2 per cent to S$57.5 million for its third quarter ended September, as revenue rose by 18.4 per cent to S$1.2 billion.
Elsewhere, from more on China’s retail sales growing at its fastest clip since the start of the year, to how US automakers fell earlier on the back of a report that US President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric vehicle adoption – more international and corporate headlines remain in focus. 
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Assistant Dealing Manager from Moomoo Singapore.

Market View: US auto stocks down after report of Trump wanting to end EV credit; Disney’s strong quarterly results; Fed’s Powell says no rush to cut rates; ComfortDelGro’s net profit up 15.2% for Q3 and more

Market View: Singapore’s Q2 GDP beat; Mapletree Logistics Trusts on negative rental reversions in China; TSMC Q2 results could fuel rally; Softbank acquires Graphcore; Boeing vs Korean Air; Tesla’s frenetic rally

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