Market Wrap: Why investors weren’t impressed with UOB, SIA and Genting Singapore’s latest earnings

Earnings season is well underway here in Singapore. UOB delivered robust profits in 2023 and increased its final dividend payout for the year, but investors weren’t pleased. Shares of UOB tumbled after the announcement. Singapore Airlines and Genting Singapore also missed earnings estimates. But iFast Corp was a brightspot with its Q4 net profit surging more than 900%. On The Afternoon Update, Hongbin Jeong speaks to Dan Chang C S, Trading Rep, Phillip Securities, to find out more about the latest earnings results as well as how the STI fared in the past week on Market View’s Market Wrap of the Week. See omnystudio.com/listener for privacy information.