To The Moon

DBS Group bought back and canceled 700,000 shares worth SG$26.7 million in the open market on Friday, according to a same-day filing with the Singapore Exchange.The bank has been authorized to buy back about 85.3 million shares under its current mandate. To date, it has bought back roughly 4.4 million shares.

UOB Kay Hian analyst Roy Chen has downgraded his call on Sats Group to “hold” from “buy”, while slashing his target price to $2.89 from $4.00 previously in the process.Chen’s call comes from the global impact of US president Donald Trump’s ‘Liberation Day’ tariffs on international trade.Presently, he notes that it is still too early and difficult to quantitatively assess the full impact of the tariff war at this juncture.SATS tumbles 8.3% at 3:16 pm, Apr 9th.

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Past Month Performance. Over the past 4 weeks, US stock market indexes have experienced significant volatility and overall declines: (see below) US composite indexes - past 6 months performances The Dow has seen a decrease of about -3.592% for the month. The S&P 500 has fallen nearly -3.40% in February, with its most recent drop of -1.59% on 26 Feb 2025, contributing to the downward trend. The Nasdaq Composite has suffered the most, declining approx. -6.02% during this period. These market declines are closely tied to the performance of the Magnificent Seven stocks, particularly $NVIDIA(NVDA)$ , that saw an -2.5% drop on 26 Feb 2025, dragging down the tech-heavy Nasdaq and highlighting the outsized influence these stocks have on overall market