Importantly, this is a notable set of results considering the continued gloomy outlook of the global economy, especially given China’s softening performance after a promising first quarter
Singapore’s GDP grew slightly for the second quarter, helping the country narrowly avoid a technical recession.
Having the largest economy in the world not tip into recession is always a good thing for the global economy, especially given that China and Japan – the second and third-largest economies – continue to grapple with economic distress, economic weakening in the former, and record-high inflation in the latter.
Nonetheless, analysts took the opportunity to comment that HLP – whose stock closed at USD3.69 per share on Friday, 20 July – remains a viable company with strong fundamentals. Bear in mind there is a lot of uncertainty right now, and we could be in for a period of volatility as the case unfolds. Be sure to do your due diligence if you decide to jump in.Grab announced an acquisition of Trans-cab, Singapore’s third largest taxi operator, with a fleet of over 2,500 cabs.
Singapore Latest News, Singapore Headlines
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