Market View: Why is semiconductor equipment maker AEM Holdings down to a four-year low today, plus more on Frasers Hospitality Trust, China exports, BoE rate decision, Disney+, Warner Bros Discovery, Arm, Uber and Airbnb

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

Singapore stocks opened weaker today following disappointing earnings reported between market days.

In early trade, the Straits Times Index (STI) headed down 0.3 per cent to 3,255.85 points after 23 million securities changed hands in the broader market.

In terms of companies to watch, we have AEM Holdings, after the semiconductor equipment maker yesterday posted an 85 per cent fall in net profit to S$2.4 million for the first quarter of FY2024 ended Mar 30, from S$15.6 million in the same period a year ago.

Elsewhere from China’s export numbers to Airbnb’s weaker Q2 revenue forecast, to expectations on the Bank of England’s next interest rate move – more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.

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