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Phillip Capital Morning Note

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Publish date: Thu, 28 Jun 2018, 02:12 PM
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Trader news and research articles

Oil prices rose to their highest level since November 2014 after a bigger-than expected drop in U.S. crude stockpiles added to a rally fuelled by a major Canadian supply outage, concerns about Libya's exports and stepped-up efforts by the Trump administration to disrupt Iran's petroleum exports.

THE owners of Goodluck Garden condominium, sold en bloc to Qingjian Group, will soon head to court to settle the fate of its collective sale after the Strata Titles Board (STB) issued a stop order on Wednesday.

CapitaLand Limited has acquired a prime mixed-use site in Chongqing worth 5.7b yuan. The acquisition will add over 2,100 units to the Group’s residential pipeline and double its retail network in fast-growing Chongqing.

Oxley Holdings Limited achieves 100% sales at the Verandah Residences within three months since its official launch.

Chasen Holdings Limited has secured S$38.4 million worth of new contracts in Asia and the US.

Catalist-listed startup incubator Trendlines Group Limited urged investors to have patience and trust that the market will catch on to the company's business model. The company stock now trades at $0.12 vs IPO price of S$0.33 in 2015.

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

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