Market Wrap: Are shares of Singtel on a winning streak?

from The Afternoon Update with Lynlee Foo · host MONEY FM 89.3

Last week, everyone was buzzing about Singtel. And this week, it announced the launch of GPU-as-a-Service in Singapore and South-east Asia in the third quarter of 2024. Most importantly, Singtel will be among the world’s first to deploy Nvidia’s GB200 Grace Blackwell Superchips upon receiving them in early 2025. So are shares of Singtel riding the AI-frenzy? And can we see further upside of the stock? On The Afternoon Update, Hongbin Jeong is joined by Dan Chang C S, Trading Rep, Phillip Securities for a market wrap of the week, where they dive in deeper on Singtel. They also discuss other biggest movers on the STI, the latest slew of interest rate decisions from major global central banks, and whether there are any SGX-listed stock picks that stand to benefit from the latest interest rate decisions.See omnystudio.com/listener for privacy information.