Singapore shares struggled to advance at the open, following a retreat on Wall Street amid worries over the financial sector.

The Straits Times Index headed down 0.6 per cent in early trade to 3,194.73 points, after 54.3 million securities changed hands.

Some notable names seeing new developments include City Developments Limited, after the property developer completed its acquisition of the St Katharine Docks development in London for £395 million (S$636 million). But how significant is the acquisition for CDL?

Another company to watch would be Del Monte Pacific, after the canned food brand posted a net profit of US$9.8 million for the third quarter ended Jan 31. That’s down 62 per cent year on year despite higher turnover. Is this a cause for concern?

On Market View, the Drive Time team got down to the details with Benjamin Goh, Head of Research and Investor Education, SIAS.