The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Market View: US PCE Price Index up 2.4 yoy in Jan; ComfortDelGro’s earnings; IHH Healthcare’s quest for organic growth; New home prices in China rose slightly in Feb; BoJ’s Ueda on inflation vs 2 per cent target; EV Battle - Tesla’s incentives in China, BYD to deepen presence in Japan
Singapore shares opened flat this morning, despite overnight gains in global markets.
In early trade, the Straits Times Index (STI) was flat, falling just 0.09 point to 3,141.76 points after 77.7 million securities changed hands in the broader market.
In terms of companies to watch today, we have ComfortDelGro. The transport operator announced a net profit of S$102 million for the second half of 2023, up 76.5 per cent from S$57.8 million in the year-earlier period.
Elsewhere from a breakdown of the latest personal consumption expenditures or PCE Index out of the US to the Bank of Japan governor Kazuo Ueda stopping short of declaring the 2 percent price inflation target met, more international headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.
