Market View: “Roaring Kitty's" return and impact on meme stocks; US April CPI expectations; Chinese tech earnings: Alibaba, Tencent and more.

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

Singapore stocks began trading in muted tones this morning, mirroring the cautious sentiment on global markets where investors await key inflation data.

In early trade, the Straits Times Index (STI) rose 0.01 per cent to 3,303.85 points, after 52.5 million securities changed hands in the broader market.

In terms of companies to watch for today, we have Thai Beverage, after the beverage manufacturer yesterday reported a 4.9 per cent drop in net profit to seven billion baht (S$257 million) for its second quarter ended 31 March 2024.

Elsewhere from Haidilao’s restaurant operator Super Hi’s billion dollar valuation target for its US IPO to a deep dive into comments by US Federal Reserve officials and April’s US CPI expectations, more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.

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