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Phillip Capital Morning Note

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Publish date: Tue, 07 Aug 2018, 10:31 AM
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Trader news and research articles

Profit Guidance: Hiap Seng Engineering Ltd expects to record a net loss for the period 1QFY2019 ended 30 June 2018.

CSC Holdings Limited has entered into a joint venture to acquire 50% stake in a residential development project in Cambridge, UK.

Profit Guidance: CDW Holding Limited expects to report an operating loss for the first six months period ended 30 June 2018. The expected consolidated operating loss was primarily caused by fewer orders attributable to inventory adjustment in the gameset division of the Group’s LCD Backlight Units segment and the delay in mass production orders in the Group’s OEM business.

Frasers Property Limited has completed the acquisition of a Business Park located in Bracknell, UK.

Thomson Medical Group Limited has acquired a 30% interest in Squire Mech Consultants Sdn. Bhd. for RM 200,000; and a 30% interest in RSP Architects Sdn Bhd for RM 1.

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

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