International tourist arrivals to Singapore rose in January to a new post-pandemic high, with over 930,000 visitors. The Singapore Tourism Board expects the nation to receive up to 14 million international visitors this year, more than double the 6.3 million recorded in 2022. This may bode well for domestic consumer, leisure and hospitality-related sectors such as the seven S-Reits listed in Singapore that have significant exposure to Singapore-based retail properties.

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The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

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Phillip Securities' Research Analyst, Glenn Thum, will be covering UOB 4Q2022 Results which are slightly below estimate. Maintain BUY recommendations.

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Phillip Securities' Research Analyst, Glenn Thum, will be covering OCBC 4Q2022 Results which are below estimate. Maintain BUY recommendations.

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Dell shares gained nearly 3% after its fourth-quarter earnings and revenue topped Wall Street’s estimates. The tech company’s adjusted earnings were $1.80 per share, higher than the consensus estimate of $1.63 from analysts polled by Refinitiv. 

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The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

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Salesforce's shares soared 16% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates on profit and issued a better-than-expected forecast. Salesforce’s revenue grew 14% year over year in the fiscal fourth quarter, which ended on Jan. 31, consistent with the previous quarter, according to a statement.

—

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational.

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Skincare products firm Best World International reported early on Sunday a net profit of S$47.7 million for the fourth quarter ended Dec 31, 2022, down 7.1% from S$51.3 million in the previous corresponding period. No dividend was declared for the period under review. 

— 

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day. 

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Phillip Securities' Research Analyst, Ambrish Shah, will be covering Airbnb Inc's 4Q22 Results - Impressive earnings on strong travel demand.

The results beat Phillip Securities Research's expectations. They recommended a downgrade to ACCUMULATE from BUY after the recent jump in its stock price.

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OCBC’s 4Q2022 results were lower than expectations with net profit of S$1.31bn vs our estimate of S$2.03bn. This was mainly due to net interest income growth of 34% YoY (S$2.39bn), NIM growth of 79bps YoY to 2.31% and loans growth of 2% YoY (S$295bnn) offset by non-interest income dipping 42% YoY (S$615mn). 4Q22 dividend is up 43% YoY to 40 cents, total FY22 dividend at 68 cents (+28% YoY).

—

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational.

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Baidu announced a US$5 billion share buyback after reporting better-than-expected revenue, reflecting how its cloud computing service is offsetting an advertising lull during China’s economic downturn. Its shares gained 6 per cent in pre-market US trading.

— 

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day. 

This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational. 

Subscribe and follow PYTCH Media:

Also available on:

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