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Author: traderhub8   |   Latest post: Thu, 16 Jan 2020, 8:53 AM

 

Phillip Capital Morning Note - 10 Dec 2019

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Stocks fell for the first time in four sessions on Monday as investors took a pause after a sharp rally in the previous session.

The Dow Jones Industrial Average closed 105.46 points lower, or 0.4% at 27,909.60. The S&P 500 pulled back 0.3% to 3,135.96 and the Nasdaq Composite slid 0.4% 8,621.83. Apple fell 1.4% to lead the Dow lower.

STAMFORD Tyres on Monday evening warned of a net loss for the second quarter and half year ended Oct 31, 2019, based on a preliminary review of its draft unaudited financial results.

KOON Holdings on Monday said the joint venture (JV) between its unit Koon Construction & Transport (KCT) and Japanese firm Penta-Ocean Construction has been terminated.

MAPLETREE Logistics Trust Management, the manager of Mapletree Logistics Trust, said its chief financial officer Ivan Lim Ming Rean has resigned and will step down on Dec 31, 2019.

DORMITORY developer Centurion Corp has agreed to buy a 177-bed student accommodation asset in the British city of Nottingham for £15.1 million (about S$26.98 million).

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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