Market View: Walmart reportedly looking to sell stake in JD.com; Circle K and 7-Eleven; Netflix saw 150% surge in upfront ad commitments; Sats hot stock of the day after returning to the black and more

Singapore shares started trading in negative territory today.

In early trade, the Straits Times Index (STI) inched down 0.1 per cent to 3,368.54 points after 58.4 million securities changed hands in the broader market.

In terms of companies to watch, we have Sats being the hot stock of the day. That’s after the in-flight caterer and ground handler reversed earlier losses and posted a net profit of S$65 million for the first quarter ended June 2024 last evening. 

Elsewhere from how Walmart is reportedly seeking to sell its stake in JD.com to Netflix turning to advertising to broaden its revenue streams – more corporate headlines remain in focus. 

Also on deck – convenience store chains 7-Eleven and Circle K!

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Thilan Wickramasinghe, Head of Equity Research, Maybank Securities.

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