Market View: OCBC’s Q4 net profit up 12% yoy; Earnings from City Developments Limited, CapitaLand Investment, PropNex; Olam’s shares up 10% on earnings; China’s thrifty shoppers and impact on stock co

Singapore shares fell at the opening bell this morning, after a mixed performance in global markets. In early trade, the Straits Times Index (STI) fell 0.3 per cent to 3,148.09 points after 56.6 million securities changed hands in the broader market. In terms of companies to watch for today, we have OCBC, after the lender’s net profit for the fourth quarter ended Dec 31, 2023, rose 12 per cent to S$1.62 billion from S$1.44 billion a year prior. Elsewhere from China’s thrifty shoppers creating new stock winners and losers to a lookahead to Fed officials comments and key economic indicators out of the US, more international headlines are in focus. Also on deck – Apple’s move to give up on billions in potential revenue in abandoning plans for a self driving car. On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.See omnystudio.com/listener for privacy information.