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Author: traderhub8   |   Latest post: Thu, 27 Feb 2020, 2:57 PM

 

Phillip Capital Morning Note - 8 Jan 2020

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China’s foreign exchange (forex) reserves rose more than expected in December as the yuan rebounded after Washington and Beijing reached a partial trade deal.

The proposed sale of shares in TEE International by controlling shareholder Phua Chian Kin "is still pending completion amidst ongoing discussions between Mr Phua and the buyer", said the mainboard-listed firm on Tuesday night.

Ongoing bushfires in Australia have not affected the properties of QAF's pork production business Rivalea Australia, nor materially affected its operations to date, the mainboard-listed food company said on Tuesday after market close.

Astaka Holdings is the latest among Singapore-listed property developers with projects in Johor to get flagged by its auditors regarding going concern matters.

Catalist-listed ISEC Healthcare is looking to buy Indah Specialist Eye Centre in Johor Bahru, Malaysia for some RM37.4 million (S$12.3 million).

The Singapore Exchange's regulatory arm, SGX RegCo, is urging investors and potential investors to exercise caution when dealing in shares of mainboard-listed China Haida, and is reviewing recent trades in the watchlisted firm's shares, it said in an announcement on Tuesday evening.

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

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