Oil slips after US output hits record, crude stocks rise. Crude output hit 11.6 million bpd, a weekly record, though weekly figures can be volatile. Most recent monthly data for August showed overall production at more than 11.3 million bpd. US crude futures fell 54 cents to settle at US$61.67 a barrel, nearly 20 per cent below a peak close of US$76.41 a barrel in early October.

EC World Reit Q3 DPU up 9%. EC World Reit has posted a distribution per unit (DPU) of 1.57 Singapore cents in the third quarter. Gross revenue in the three months ended Sept 30 rose 0.1 per cent to S$23.9 million. Net property income rose 0.5 per cent to S$22.2 million, due mainly to contributions from the newly-acquired Wuhan Meiluote and partially offset by a weaker yuan.

Hi-P International Q3 net profit down 11.9% on hit from trade war. Net profit slid 11.9 per cent year-on-year to S$33.8 million for the quarter to Sept 30, according to unaudited results released on Wednesday, while revenue was down 8.3 per cent to S$377.1 million.

Jardine C&C Q3 earnings down 3%. JARDINE Cycle & Carriage (Jardine C&C) on Wednesday posted a 3 per cent dip in net profit to US$200.9 million for the third quarter ended Sept 30.

TalkMed Q3 net profit up 7%. TalkMed has posted a net profit of S$7.6 million in the third quarter. Earnings per share was 0.58 Singapore cent, up from 0.54 cent in the third quarter last year.

YZJ Shipbuilding Q3 net profit down 10%. It has posted a net profit of 778.6 million yuan (S$154 million) in the third quarter. The group also booked an impairment loss of 333 million yuan on financial assets, higher than the impairment loss of seven million yuan in the third quarter last year.

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