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Phillip Capital Morning Note

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Publish date: Tue, 08 Jan 2019, 11:12 AM
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SoftBank Group Corp. has decided against taking a controlling stake in real estate company WeWork Cos., and is instead planning to make a smaller $2 billion investment, according to a person familiar with the matter.

Samsung Electronics Co Ltd on Tuesday estimated a decline in quarterly operating profit for the first time in two years, as a slowing Chinese economy erodes demand for its chips and handsets.

Nvidia Corp on Monday announced its Drive AutoPilot platform, with artificial intelligence technologies, that can enable the next level of self-driving cars by 2020, further strengthening its position in the industry.

The closing date for LTC Corp's exit offer has been extended to Jan 31.

A wholly owned subsidiary of Tokyo-listed Kyowa Exeo Corporation has made a voluntary conditional cash offer to acquire Catalist-listed DeClout at S$0.13 per share in cash.

Realty Centre, an office building located at 15 Enggor Street within the Central Business District, has been put up for collective sale with a reserve price of S$165 million - the first commercial en bloc this year.

Source: SGXnet, The Business Times

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