Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: US adds six subsidiaries of Inspur Group to export restriction list; GameStop’s board approves the addition of bitcoin as what it calls “treasury reserve asset”; CATL receives China’s approval to proceed with Hong Kong share sale; Frasers Centrepoint Trust, Digital Core REIT to watch
Singapore shares were in the green today, tracking broader gains in Asian markets.
The Straits Times Index was up 0.31% at 3,966.79 points at about 12.10pm (12.12pm), with a value turnover of S$537.66M in the broader market.
In terms of companies to watch for today, we have Frasers Centrepoint Trust, after its manager said today that the trust’s upsized private placement, at S$2.09 per new unit, was around four times covered.
Elsewhere, from the US adding six subsidiaries of China’s leading cloud computing and big data service provider Inspur Group to its export restriction list, to how the world’s top electric vehicle battery maker CATL received China’s approval to proceed with a potentially blockbuster share sale in Hong Kong – more international and corporate headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Jeremy Tan, CEO, Tiger Fund Management.
