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Author: traderhub8   |   Latest post: Fri, 22 Nov 2019, 9:33 AM


Phillip Capital Morning Note - 5/3/2019

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As at the close of Exeo Global's buyout offer for Catalist-listed technology firm DeClout on Monday, the offeror had shares and valid acceptances representing about 95.04 per cent of the total issued shares, and about 94.64 per cent of the maximum potential issued shares in the company.

DBS Bank, announcing the launch of its locally incorporated subsidiary, DBS Bank India on Monday, said that its wholly-owned Indian unit plans to establish more than 100 customer touchpoints – a mix of branches and kiosks – across 25 cities in the next 12 to 18 months.

Frasers Logistics & Industrial Trust on Monday said that the real estate investment trust will be included in the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index) from March 19, 2019. Robert Wallace, CEO of the manager, said the entry into the "leading benchmark index for institutional real-estate investors" is a "major milestone". He added that this will further raise FLT's trading liquidity and visibility to global investors.

Gold prices edged higher on Monday, after falling below the critical US$1,300 level to their lowest since Jan 25 in the previous session, as the US dollar softened on prospects of a trade deal between China and the United States.

Oil prices rose about 1 per cent on Monday as the United States and China appeared closer to ending a trade war that has slowed global economic growth while Opec ally Russia said it would ramp up its crude supply cuts.

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

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