Market View: Keppel Infrastructure Trust doubles distributable income; Manulife US Reit, AIMS APAC Reit; SIA Engineering Company’s 82% increase in profit; YZJ Shipbuilding’s order wins at over double of full-year target; Apple’s CEO Tim Cook reassures investors on China iPhone demand; FTX founder Sam Bankman-Fried convicted

Singapore stocks posted strong gains at the open today, after global markets rallied overnight on the latest Federal Reserve decision to hold rates steady.

In early trade, the Straits Times Index (STI) was up 1.1 per cent to 3,115.22 points after 82.2 million securities changed hands in the broader market. 

In terms of companies to watch today, we have Keppel Infrastructure Trust after it almost doubled its distributable income to S$266.1 million over the first nine months of 2023. The trust will also be paying a special distribution to unitholders. 

Elsewhere from FTX founder Sam Bankman-Fried convicted of stealing from customers to Apple’s Tim Cook on iPhone demand in China, more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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