The Evening Runway with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Singtel’s 27.6% yoy decline in net profits for 3Q ended December, SIA and Scoot’s 4-fold increase in passengers in January, Chip Eng Seng to be delisted, Marco Polo Marine’s profits jumps 153.8% for 1Q ended December, US forecast busting retail sales report
Singapore stocks rose today following gains in the US and Europe markets.
The Straits Times Index gained 0.4 per cent in early trade to 3,295.17 points after 36.9 million securities changed hands.
Some notable names seeing developments today include Singtel, which reported a 27.6 per cent on-year decline in net profit to S$532 million for the third quarter ended December 2022.
Singapore's national carrier Singapore Airlines also continued to make the headlines today, after being crowned as the ‘Airline of the Year’ for 2023. The airline, along with its budget arm Scoot, saw a four-fold increase in passengers in January compared to the previous year, despite a drop in passenger capacity.
On Market View, the Drive Time team deep dived into the key developments for the day with Terence Wong, CEO of Azure Capital.
