The Evening Runway with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: STI’s performance on Budget Day, Sats reports net profits after two straight quarters of losses, Netlink Trust’s profits after tax jumped 24.2%, Paragon Reit, Far East Hospitality Reit and First Reit reporting DPU figures, US January CPI expectations
Singapore shares slid in early trade today following gains in US and Europe markets.
The Straits Times Index fell 0.1 per cent to 3,376.24 points in early trade after 47.7 million securities changed hands.
Some notable names seeing developments today included inflight caterer and ground handler Sats (S58).
The company reported a net profit of S$500,000 for the third quarter to December, reversing two consecutive quarters of losses, as aviation recovery continues. How significant is it for the company to swing into the black after earlier losses?
Aside from that, Singaporeans are also keeping a close eye on the announcements made during Deputy Prime Minister and Finance Minister Lawrence Wong’s Budget 2023 speech., as well as their effect on households and businesses. But to what extent have these influenced the STI’s performance today?
On Market View, the Drive Time team posed these questions to Matthias Chan, Head of Research at SAC Capital.
