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Phillip Capital Morning Note

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Publish date: Tue, 23 Oct 2018, 12:07 PM
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Trader news and research articles

Keppel-KBS US Reit announced late on Monday night the launch of an underwritten and renounceable rights issue to raise gross proceeds of around US$93.1 million.

Shopper360 has secured an agreement with NTUC FairPrice to exclusively provide in store advertising services to consumer brands at 68 hypermarkets and supermarkets in Singapore.

Malaysian car dealership and automotive parts maker MeGroup prices IPO at S$0.23 per share to raise S$2.4m and will be listed on the catalist board in SGX.

Mapletree Logistics Trust's DPU rises to 1.958 Singapore cents. That came as Q2 income available for distribution jumped 32.5 per cent to S$63.9 million from the year-ago period. For the three months ended Sept 30, gross revenue grew 13.8 per cent to S$106.6 million from the year-ago period. This was thanks to higher revenue from existing properties and acquisitions in Hong Kong.

China announced fresh measures to ease the funding strains of private companies, as top officials seek to restore confidence in the world's second-largest economy. The State Council announced it would support bond financing by private firms on Monday, and said the central bank will provide funding to facilitate this. The central bank also announced a 150 billion-yuan (S$29.8 billion) increase in its re-lending and re discounting quota.

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

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