Birkenstock’s US IPO and first day performance (Resize)

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Birkenstock’s US IPO and first day performance; Olitek bags new contracts; Centurion on retrofitting 5 purpose-built dorms (Money FM)

Oct 12, 2023

Singapore stocks opened stronger today following overnight gains in global markets, ahead of the release of US key consumer inflation data.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,207.51 points after 44.2 million securities changed hands in the broader market.
In terms of companies to watch, we have Centurion, after the dormitory operator said yesterday that it will retrofit its five purpose-built dorms so that they meet the requirements under the Ministry of Manpower’s Dormitory Transition Scheme.
Elsewhere, from shoemaker Birkenstock’s trading debut on the New York Stock Exchange to OpenAI’s major update to lower costs for developers, more corporate headlines are in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.