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Author: traderhub8   |   Latest post: Thu, 27 Jun 2019, 11:14 AM

 

Phillip Capital Morning Note - 12 Jun 2019

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US producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains in a range of other services, pointing to a steady pickup in underlying inflation pressures.

Apple Inc has a backup plan if the US-China trade war gets out of hand. The Cupertino, California-based company's primary manufacturing partner has enough capacity to make all iPhones bound for the US outside of China if necessary, according to a senior executive at Hon Hai Precision Industry Co. The Taiwanese contract manufacturer now makes most of the smartphones in the Chinese mainland.

SEMBCORP Industries’ wholly owned subsidiary Sembcorp Development disposed its entire 10.27 per cent equity interest in Gallant Venture for a consideration of S$62 million.

ST Group Food Industries, the Australian-headquartered franchisee for various food brands, has lodged a draft prospectus for a listing on the Catalist board of the Singapore Exchange.The group owns exclusive franchise and licence rights to the PappaRich, NeNe Chicken, Hokkaido Baked Cheese Tart, Gong Cha, Ippudo and iDarts brands in various territories across Australia, New Zealand and Malaysia.

SATS has opened the Business Aviation Centre (BAC) at Seletar Airport, to provide personalised lounge and passenger services to private-jet customers for discretion, privacy and speed, SATS said in a media statement on Tuesday.

Source: Business Times

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