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Author: traderhub8   |   Latest post: Thu, 19 Sep 2019, 9:30 AM

 

Phillip Capital Morning Note - 20 Aug 2019

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A former Walt Disney accountant has accused the company of overstating revenue for years and has filed a series of whistleblower tips with the US Securities and Exchange Commission.

European shares ended higher for a second straight session on Monday on signs that measures would be adopted to prop up growth in major economies, while bond yields rebounded amid improved global sentiment plagued by recession worries.

Wall Street stocks rose for a third straight session on Monday, joining a global rally amid talk of economic stimulus in Germany and China and expectation of further Federal Reserve interest rate cuts.

HONG Leong Asia's takeover offer for its Malaysian subsidiary Tasek closed at 5pm on Aug 19, with Hong Leong Asia holding an 88.16 per cent stake.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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