Market View: More on ongoing saga at CDL; Olam shares down 11% on steep profit decline; ComfortDelGro among stocks to watch; China opposes Trump’s latest tariff threats; US PCE Price Index preview; ByteDance, Meta and more

Singapore stocks were lower at about 2.20pm today as investors digested more earnings from notable names including Olam, ComfortDelGro and Sheng Siong.  The Straits Times Index fell 0.7 per cent to 3,893.81 points then, with a value of S$1.10 billion in the broader market. In terms of counters to watch today, we have Olam, after the agribusiness giant today reported a net profit of S$38.4 million for the second half ended Dec 31, down 83.4 per cent from the previous corresponding period.  Elsewhere, from Beijing opposing US President Donald Trump’s latest threat to slap an extra 10% duty on Chinese imports, to ByteDance’s TikTok investing US$8.8 billion in data centres in Thailand over five years – more international and corporate headlines remain in focus.  Also on deck – more on the ongoing saga surrounding CDL - and what to note from a statement by its Group CEO Sherman Kwek out last night.  But first, here’s a quick snippet of our conversation on CDL. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.See omnystudio.com/listener for privacy information.