Daily Morning Note – 20 April 2018
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Wall Street’s three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped financials rebound.
Over in Asia, stock index futures pointed to a slightly lower open on Friday: Nikkei futures traded in Chicago were off by 0.16 percent compared to the index’s Thursday close
CHINA will impose temporary anti-dumping measures on a certain type of synthetic rubber imported from the United States, the European Union and Singapore, effective from April 20.
Maybank is preparing to spin off andlist its Etiqa insurance arm on the local stock exchange.
SINGAPORE Airlines (SIA) announced on Thursday it will extend its title sponsorship of Singapore’s Formula 1 Grand Prix for two more years until 2019.
Starhub Ltd. has appointed Mr. Peter Kaliaropoulos as its CEO, effective 9 July 2018 onwards.
SP Group is tapping blockchain technology to link up residential and other small producers of solar energy with businesses that have a carbon footprint. The platform could speed up the use of solar panels and offer a variation of carbon emissions trading.
THE electronics arm of ST Engineering has secured a range of smart technologies contracts worth a total of S$635 million in the first quarter of 2018.
Singapore O&G has signed a one-year agreement to provide on-site medical services to SATA CommHealth (SATA) medical centres for an initial period of 12 months, the medical group said on Thursday evening.
IHH Healthcare is upping its offer for a stake in India’s Fortis Healthcare, to up to S$796 million).
Frasers Property Limited will be divesting 1 properties in Germany and four properties in the Netherlands via a S$503.0 million share purchase agreement.
Noble Group will drop a provision from its restructuring proposal that has drawn criticism for attempting to treat shareholders differently depending on how they vote. It also received a company from Goldilocks Investment Co. seekng to nominate five non-executive directors at its AGM.
THE public tranche of property developer SLB Development’s initial public offering (IPO) was about 20.6 times subscribed, with the key executives of Super Group, United Envirotech, Oxley Holdings and SC Global emerging among the major placees.
Source: SGX Masnet, Bloomberg, Reuters, CNBC, ChannelNewsAsia, The Business Times, Phillip Securities Research
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