Jul 29, 2024

This week, the yields on 12-month T-Bills dropped to 3.38%, leading investors to consider whether they should still buy the 6-month T-Bills despite falling interest rates. The next 6-month T-Bills auction is scheduled for 1 August 2024. Additionally, Temasek returned to black in FY 2024 with a one-year total shareholder return of 1.6%, reversing the previous year’s negative showing. However, the recovery was hampered by the weak China market.

In the stock market, Singtel shares jumped 30% in 2 months, prompting the question of whether it is a good time to buy this stock at a 5% dividend yield. Meanwhile, a survey of 500 Singaporeans with minimum investable assets of USD 100,000 revealed that an increasing number of wealthy Singaporeans are choosing a more active management strategy, preferring to manage their money themselves with the support of advisors.

These are some of the top financial news highlights from this week. As a financial expert, it’s important to stay informed about these developments in order to make informed investment decisions.

Stay Well!