Highlights

Trader Hub

Author: traderhub8   |   Latest post: Wed, 18 Sep 2019, 9:14 AM

 

Phillip Capital Morning Note

Author:   |    Publish date:


CapitaLand secures S$300m sustainability-linked loan from DBS. The multi-currency loan is linked to the developer's listing on the Dow Jones Sustainability World Index (DJSI World), which tracks established firms in areas such as environmental, social and governance (ESG) efforts. CapitaLand is able to use the loan for general corporate purposes.

Mapletree acquires Prologis logistics portfolio for US$1.1 billion. The assets are located in distribution centres within major logistics markets such as Chicago, Dallas and Seattle in the US, as well as France, Germany and Poland, Mapletree said on Wednesday.

Swiber seeks revival from US$200m equity deal with Seaspan. A binding term sheet signed on Wednesday between the two parties called upon Seaspan to inject an initial US$20 million in cash for new ordinary shares amounting to 80 per cent of Swiber’s enlarged shareholding. Seaspan will pump in another US$180 million of equity into Swiber’s subsidiary, Equatoriale Energy Pte Ltd.

Serial System announces S$0.01 special dividend after selling laundry business. Serial System said on Wednesday evening that it had received about A$40.2 million (S$39.6 million) for the sale of its entire 27.34 per cent stake in SPL Holdings (Australia), a commercial laundry business.

StarHub to let 300 full-time employees go, CEO cites 'industry pressures'. Other roles will also be axed in the "operational efficiency programme" announced on Wednesday evening, StarHub said in a statement, citing "ongoing natural attrition" and a tightening of contractor positions. It said that the cuts "will primarily affect non-customer-facing functions".

Ayondo, Huanying International to cooperate on trading opportunities in China. Under the tie-up, the duo will partner to provide a full suite of products including equities, indices, forex, commodities to Huanying’s client base through Ayondo’s contract-for difference (CFD) TradeHub platform. In addition, Ayondo will also provide Huanying with execution and risk management services.

Alliance Mineral secures A$20m debt facility, A$20m standby credit for ASX dual listing. Tawana has secured a A$20 million secured debt facility from Tribeca Investment Partners and other investors, which will be used to repay its existing facility, and for working capital purposes. Separately, Alliance's board has also consented for Tawana to secure a conditional A$20 million standby line of credit on behalf of the merged group.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research

Share this

Related Stocks

Chart Stock Name Last Change Volume 
Ayondo 0.048 0.00 (0.00%)
Alliance Mineral 0.078 0.00 (0.00%)

  Be the first to like this.
 


 

131  133  162  676 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Rex Intl 0.088-0.005 
 TEE Intl 0.046+0.004 
 YZJ Shipbldg SGD 1.05-0.03 
 Spackman 0.013+0.001 
 Mapletree Ind Tr 2.40+0.07 
 Keppel DC Reit 1.97+0.04 
 Kep Infra Tr 0.525+0.005 
 LionGold 0.0010.00 
 Medtecs Intl 0.039+0.007 
 Mapletree Com Tr 2.22+0.06 
Partners & Brokers