Market View: Amazon vs Walmart, Genting’s Bet & The STI at 5,000

·24 min·2 clips

Amazon overtakes Walmart as the world's largest company by sales, driven by its cloud computing division AWS.

The episode begins with a market overview, noting Asia-Pacific markets are mostly down except for the Kospi. Host Michelle Martin and guest Ryan Huang discuss Amazon and Walmart's latest financials, revealing Amazon has surpassed Walmart in annual sales due to strong performance in e-commerce and cloud computing via AWS. They analyze Walmart's challenges, including wage increases and tech investments. The conversation shifts to Singapore, where DBS issues a buy call on Genting Singapore, highlighting its cash reserves and potential for shareholder returns amid softer room profitability at Resorts World Sentosa. In the 'Up or Down' segment, New Balance's 'dad shoes' drive a 19% sales surge, outperforming Nike, while Nestle plans to sell its ice cream business and cut jobs. Sea Limited partners with Google to develop AI-powered tools for e-commerce and gaming. The episode covers commercial real estate, with One Raffles Place up for sale, and updates on the Straits Times Index, which breaks 5,000 points. It concludes with a lighthearted discussion about the upcoming Star Wars movie 'The Mandalorian and Grogu' and a preview of the next segment on real estate tokenization.

As heard by us

Amazon-Walmart comparisons and DBS's gaming-stock case give this brisk market episode a concrete center.

Amazon and Walmart provide a clean way into this market conversation, with the retail giants weighed through sales, market value, and the different engines behind those figures.

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Why you'd press play

You want Amazon edging Walmart on revenue, Genting Singapore at a DBS $0.90 target, and room for a $14 loaf.

Read the full recommendation in PlayNext →

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Play clips from this episode More from Your Money with Michelle Martin