Daily Debrief: What Happened Today (May 18)
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Singapore's exports surged 24.5% in April, driven by strong AI demand. However, energy transition costs may rise due to the Iran war. UOB Kay Hian downgraded ComfortDelGro to 'hold' after disappointing Q1 earnings. FoodXervices faces challenges from a failed property bet and pandemic impacts. Grab and Sea focus on affordability to maintain growth amid economic uncertainty. ST Engineering reported an 11% revenue increase to S$3.3 billion in Q1.
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