The STI index is one of the best-performing market indexes globally on a YTD basis (pretty surprising, but more on that later), currently up more than 11% since the start of 2021, based on data from Factset. This compares favorably vs. regional peers such as Malaysia (down 3% YTD), Indonesia (down 1%), Philippines (down 8%), … Read more
Oatly, the plant-based milk company, recently went IPO, and demand for its stock can be considered as red-hot. Just before its listing, the company did a fund-raising program with several popular celebrities such as Jay-Z and Oprah Winfrey, valuing the company at US$2bn. That valuation shot up 6x based on the current price. Oatly is … Read more
