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.

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.

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 stock market wrap; Ascent Bridge’s chief executive faces bankruptcy charges; CDL’s acquisition of St Katharine Docks in London; Del Monte’s net profits down 62% yoy; SVB Financial Group’s move to raise cash; US President Joe Biden’s budget proposal; Non-farm payroll figures

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