Market View: China’s Lan Fo’An briefs on stimulus; Dow, S&P saw record on Friday; SG GDP up 4.1% yoy in Q3, no change to monetary policy; TSMC expected to report 40% jump in Q3 profits; CapitaLand Asc

Singapore stocks rose at the opening bell today after advance estimates showed that the city-state’s economy grew 4.1 per cent year on year during the third quarter of 2024. It was also announced on the same morning that monetary policy settings were maintained for the sixth straight meeting, in line with market expectations. In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,579.55 points after 53.3 million securities changed hands in the broader market. In terms of companies to watch, we have CapitaLand Ascendas Reit. The Reit is divesting an industrial property for S$112.8 million at a S$45.3 million premium or nearly double of the property’s original purchase price of S$58.4 million.  Elsewhere, from details on China’s stimulus briefing out on Saturday, to TSMC’s third quarter profit expected to jump 40 per cent, more international and corporate headlines are in focus. On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.See omnystudio.com/listener for privacy information.