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Author: traderhub8   |   Latest post: Tue, 20 Oct 2020, 10:41 AM


Phillip Capital Morning Note

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US President Donald Trump said on Monday he expected to move ahead with raising tariffs on US$200 billion in Chinese imports to 25 per cent from the current 10 per cent and repeated his threat to slap tariffs on all remaining imports from China.

A controlling shareholder of contract manufacturer Hi-P International is considering a deal, which could lead to a play for the rest of the stock, the company announced early Tuesday in response to a trading query from the Singapore Exchange.

KEPPEL-KBS US Reit’s manager announced on Tuesday that it will be acquiring Maitland Promenade I, an office property located in the Maitland submarket of Orlando, Florida, for US$48.5 million from The Realty Associates Fund X.

FIrst Ship Lease Trust's (FSLT) manager on Tuesday proposed a non-renounceable preferential offering of 956 million new units in FSLT at an issue price of S$0.045 per new unit to raise up to S$43.03 million.

Asian Pay Television Trust (APTT) on Monday night announced that it has successfully refinanced its existing onshore borrowing facilities and extended its offshore borrowing facilities.

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

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