News
Maybank Singapore’s profit before tax doubles to S$655.92m in 2022
This was reportedly thanks to higher income and lower loan loss allowances.
Sembcorp Industries’ long-term contracts show optimism: broker
This despite concerns on its earnings tapering off.
Stricter rules on lower-skilled foreign workers boost local employment: MOM
Manpower Minister Tan See Leng showed its key findings on workforce policies.
Almost half are likely to use ChatGPT for general searching
This includes searching for nutritional information on food.
Olam Group PATMI down 8.3% YoY to $629.1m in 2022
Its PATMI for H2 FY2022 declines by 24.5% YoY to $200m.
S-Reits posts 7.1% increase in returns in January: report
This is above STI’s 3.5% total returns.
Terra Hills sells 38% of units at launch
Units sold for an average price of more than $2,650 psf.
P-One (Tuas) Pte Ltd bags $2.6m tender for 25 Gul Drive site
The tender for the industrial site closed on 25 January.
No change in CPF interest rates for Q2 – HDB
Current interest rates will remain until 30 June.
Raffles Medical’s profit after tax soars 71.7% YoY to $143.7m in FY22
The company attributed the increase to the return of foreign patients.
Condo resale prices slip in January: report
This is the first time it declined in 28 months.
Wilmar CEO acquires additional 217,000 shares in the company
Kuok Khoon Hong acquired his additional stake at $3.93 per share.
Manufacturing output drops 2.7% YoY in January
Excluding biomedical manufacturing, output would have fallen by 6.3% YoY.
Central bank may further tighten monetary policy in April: analysts
This is expected if core inflation does not moderate.
Chart of the Day: Majority has reservations when chatting with ChatGPT
Non-consensual data collection and misinformation are some of their worries.
Daily Markets Briefing: STI climbs by 0.53%; Keppel is most active stock
Keppel was the top stock with a 2.41% increase.
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Commentary
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