Market View: IHH Healthcare’s performance; Performance of palm oil producers; Clues from Jardine Cycle & Carriage and Straits Trading’s results; China’s factory activity expanded at the fastest pace since 2012 in February

Singapore stocks rose in early trade today following losses in US and Europe markets. The Straits Times Index rose 0.1 per cent to 3,265.63 points in early trade after 204.5 million securities changed hands.  In terms of companies to watch, we have for you Malaysian hospital group IHH Healthcare. The group announced yesterday a 58 per cent year-on-year fall in net profit for the fourth quarter ended Dec 31, 2022, despite a higher revenue.  Another company we’re tracking is investment holding company Jardine Cycle & Carriage, which reported yesterday a 42 per cent on-year fall in net profit for the second half of the year ended December. On Market View, the Drive Time team took a closer look at these developments with Jeff Ng, Senior Currency Analyst, MUFG.See omnystudio.com/listener for privacy information.