Daily Morning Note – 12 Dec 2019
WEEKLY MARKET OUTLOOK WEBINAR
PHILLIP SUMMARY
Stocks dipped on Tuesday as a looming U.S.-China trade deadline dampened investor sentiment.
The Dow Jones Industrial Average closed 27.88 points lower, or 0.1% at 27,881.72. The S&P 500 also lost 0.1% to close at 3,132.52. The Nasdaq Composite dipped 0.1% as well to 8,616.18, dragged down by Netflix.
China and the U.S. have until Sunday to come strike a so-called phase one trade deal. If an agreement wasn’t reached by then, new U.S. tariffs will take effect.
BREAKING NEWS
MAINBOARD-LISTED XMH Holdings disposed of a subsidiary at a S$2.2 million loss, and it resulted in red ink for its bottom line, which almost doubled to S$3.1 million for the second quarter.
KEPPEL DC Reit will pay up to S$56.6 million to fund installation costs of additional core mechanical and electrical systems (M&E) for levels two and three of its DC1 data centre located at 18 Riverside Road.
THE Straits Trading Company said its unit has entered into conditional deals to divest four freehold residential properties in Osaka for 8.25 billion yen (S$100 million), realising an 890-million yen gain.
THE cash offer for mainboard-listed PACC Offshore Services Holdings (POSH) has turned unconditional, following the offeror having received valid acceptances which will result in the offeror holding not less than 90 per cent of the outstanding shares.
THE managers of Mapletree Commercial Trust (MCT), Mapletree North Asia Commercial Trust (MNACT) and Mapletree Industrial Trust (MIT) have separately announced on Tuesday night changes to their boards of directors with new appointments and resignations to take effect from Dec 15.
Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR
Webinar Of The Week
Market Outlook: : Market Outlook: (PSR) FLT & FCOT Merger, SG Banking & Technical Analysis
Date: 9 December 2019
Phillip Research in 3 minutes: #16- JEP Holdings Ltd
Updates summarised in 3 minutes
For more videos on Phillip in 3 Mins
| Disclaimer |
| The information contained in this email and/or its attachment(s) is provided to you for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. The information or opinions provided in this email do not constitute an investment advice, an offer or solicitation to subscribe for, purchase or sell the e investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise. You may wish to seek advice from an independent financial adviser before making a commitment to purchase or investing in the investment product(s) mentioned herein. In the event that you choose not to do so, you should consider whether the investment product(s) mentioned herein is suitable for you. PhillipCapital and any of its members will not, in any event, be liable to you for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on any information in and/or materials attached to this email. The information and/or materials provided “as is” without warranty of any kind, either express or implied. In particular, no warranty regarding accuracy or fitness for a purpose is given in connection with such information and materials. |
| Confidentiality Note |
| This e-mail and its attachment(s) may contain privileged or confidential information, which is intended only for the use of the recipient(s) named above. If you have received this message in error, please notify the sender immediately and delete all copies of it. If you are not the intended recipient, you must not read, use, copy, store, disseminate and/or disclose to any person this email and any of its attachment(s). PhillipCapital and its members will not accept legal responsibility for the contents of this message. Thank you for your cooperation. |
