MARKETS & INVESTING | Staff Reporter, Singapore

Daily Briefing: Uber president quits; Is Raffles Medical a cheap stock now?

And here’s what to expect in HDB resale.

From Reuters: Ride services company Uber Technologies Inc has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image. Jones quit less than seven months after joining the San Francisco company, an Uber spokesman said on Sunday. The reason for his departure was not immediately clear, but Jones' role was put into question after Uber earlier this month launched a search for a chief operating officer to help run the company alongside Chief Executive Travis Kalanick.

From The Motley Fool: Raffles Medical Group Ltd is a healthcare services provider. It runs a hospital in Singapore, is currently developing a hospital in China (with an expected completion date of 2018), and has a network of medical facilities in 13 cities across five countries (Singapore, China, Japan, Vietnam, and Cambodia). At Raffles Medical’s current stock price of $1.42, it is near a 52-week low price of $1.38. Given this, investors may be interested to know if the company’s cheap right now.

From PropertyGuru: Greater stability is expected in the public housing market in 2017, according to PropertyGuru’s HDB resale outlook report. Around 17,000 new flats will be launched this year, putting downward pressure on resale prices. HDB resale volumes are predicted to reach 23,000 units in 2017.

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