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Author: traderhub8   |   Latest post: Thu, 18 Apr 2019, 7:31 PM

 

Phillip Capital Morning Note

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CapitaLand is acquiring Temasek's subsidiary Ascendas-Singbridge (ASB) in a S$11 billion deal aimed at creating Asia’s largest diversified real estate group. After the transaction, CapitaLand's combined total assets under management (AUM) will exceed S$116 billion, and cover asset classes such as logistics/business parks, industrial, lodging, commercial, retail and residential. In addition, the group will surpass CapitaLand’s 2020 AUM target of S$100 billion, putting it among the top 10 real estate investment managers in the world.

Creative Technology said on Monday that it is ready to work with original equipment manufacturers to incorporate its Super X-Fi headphone technology into their products, after getting a good response from some large players at last week’s CES tech trade show in the US.

Energy solutions provider Keppel Infrastructure Holdings has secured a contract to design, build and operate pipe racks on Jurong Island worth about S$40 million. The contract was awarded by JTC Corporation to Pipenet, a wholly owned subsidiary of Keppel Infrastructure, for the construction of pipe racks along parts of Banyan Drive, Banyan Avenue and the Jurong Island Highway that will facilitate pipeline connection to the Jurong Rock Caverns.

Apple's latest iPhone models are facing huge discounts in China as retailers try to sell the struggling devices. That comes as the top-of-the-line Apple smartphones have posted poor China sales on what experts say are too-high prices for the world's largest smartphone market and a lack of innovative features compared to local competitors like Huawei.

Source: SGXnet, The Business Times

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