Trader Hub

Author: traderhub8   |   Latest post: Fri, 20 Sep 2019, 9:00 AM


Phillip Capital Morning Note - 21/3/2019

Author:   |    Publish date:

BEARINGS and seals supplier Raffles United Holdings has received in-principle approval from the Singapore bourse for the listing of up to 234 million new shares under a one-for-one rights issue, and obtained an undertaking from its major shareholder to fully subscribe for her entitlement.

The world's biggest planemaker Boeing faced growing obstacles on Wednesday to returning its grounded 737 Max fleet to the skies, while details emerged of an Indonesian crash with potential similarities to the Ethiopian disaster.

German high-end carmaker BMW warned Wednesday it expects pre-tax profits "well below" 2018 levels this year as it announced a massive cost-cutting scheme aimed at saving 12 billion euros (S$18.41 billion) in total by 2022.

ST ENGINEERING and China electric-vehicle maker BYD have signed a Memorandum of Understanding (MOU) to develop autonomous bus platforms, as part of the former's plans to form a consortium in response to the Call for Collaboration (CFC) by the Land Transport Authority and the Singapore Economic Development Board.

CHALLENGER Technologies announced Wednesday that it intends to delist, with Digileap Capital making a cash exit offer for all of the electronic retailer's shares at an exit offer price of S$0.56 per share. The offeror is a partnership between the Loo family and Dymon Asia Private Equity, via Dymon Asia Private Equity (S.E. Asia) Fund II.

Source: Phillip Capital Research - 21 Mar 2019

Share this

Related Stocks

Chart Stock Name Last Change Volume 
Raffles United 0.066 0.00 (0.00%)
ST Engineering 3.89 -0.03 (0.77%) 8,936 
Challenger 0.535 0.00 (0.00%)

  Be the first to like this.


108  138  158  698 

Top 10 Active Counters
 Keppel DC Reit 2.11+0.04 
 YZJ Shipbldg SGD 1.00-0.05 
 HPH Trust USD 0.168-0.006 
 ThaiBev 0.895-0.01 
 Frasers Cpt Tr 2.75+0.02 
 TEE Intl 0.043-0.004 
 Mapletree Com Tr 2.29+0.02 
 Rex Intl 0.084-0.001 
 Mapletree Log Tr 1.63+0.02 
 Golden Agri-Res 0.2450.00 
Partners & Brokers