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Author: traderhub8   |   Latest post: Fri, 15 Feb 2019, 04:45 PM

 

Phillip Capital Morning Note

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Excelpoint Systems (Pte) Ltd, a subsidiary of SGX mainboard-listed Excelpoint Technology Ltd., announced that it is collaborating with SP Group to develop a low power and cost-effective Power Quality metering system that will optimise power distribution across the city.

Singapore Technologies Engineering Ltd has entered into an agreement to purchase MRA Systems, LLC (MRAS) from General Electric Company for US$630 million (S$868 million). MRAS is an established Original Equipment Manufacturer (OEM) of engine nacelle systems for both narrowbody and widebody aircraft.

Combine Will International Holdings Limited has officially inaugurated its new plant in Indonesia, signalling the Group’s successful strategic diversification of manufacturing facilities outside China.

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

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