Market View: UOL Group’s 44% drop in net profits; Ho Bee Land and Sinarmas Land’s performance; Sembmarine narrows net loss; Golden Agri Resources’s 21.5% yoy earnings increase; Elon Musk the richest man on Earth again

Singapore stocks rose today following gains in US and Europe markets.   The Straits Times Index rose 0.2 per cent in early trade to 3,268.88 points after 34.1 million securities changed hands.  Investors continue to sift through a number of earnings reports out earlier in the week, including earnings from property and hospitality company UOL Group. But how does that performance compare with industry players such as Ho Bee Land and Sinarmas Land? Another company to watch would be Golden Agri-Resources, after the palm oil company reported today earnings of US$392.4 million for the half-year ended December 2022. But what does this say about the commodity sector right now? In other news, Elon Musk is yet again the richest man on Earth, but could his moment in the sun be short lived?   On Market View, the Drive Time team unpacked the key market developments of the day with Oriano Lizza, Sales Trader at CMC Markets.See omnystudio.com/listener for privacy information.