1. Net profit improved 13% to S$322 million compared to 1Q09.
2. Earnings per share of 20.2 cents, up 13% from 1Q09’s 17.9 cents.
3. Annualised ROE remained above 20%.
4. Economic Value Added increased from S$211 million to S$240 million.
5. Cash outflow of S$501 million.
6. Net cash decreased from 0.14x to 0.07x.
Portfolio Performance – Jan 2025
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Market Performance Amid Trade Tensions Despite ongoing trade concerns, the
S&P 500 rose by 2.7%, the Nasdaq by 1.7%, and the Dow by 4.7%, showing
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