I was probably not the only one trying to find some relief from the heat this week.
Singapore definitely felt like it was baking, with temperatures feeling like they reached 36 degrees, or even higher.
And it was not just the weather that was running hot.
The Singapore market had a pretty strong week too, with DBS and OCBC reaching record highs and helping to lift the STI. This week, we look at the three best-performing blue chip stocks in May, after our feature last week on how Singapore banks’ earnings are increasingly being supported by wealth management income.
Beyond Singapore, AI remained one of the hottest themes in the market. In our latest podcast, we speak to Singtel’s Group CFO to find out whether its next growth drivers could come from AI, data centres or even a potential REIT. We also break down the AI value chain, from chips and data centres to cloud and software, and look at the stocks powering each stage....