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Phillip Capital Morning Note - 9/4/2019

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Publish date: Tue, 09 Apr 2019, 09:25 AM
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US stocks opened lower on Monday, pausing after the S&P 500's seven-day winning streak, as investors braced for what could be the first decline in corporate earnings since 2016 and a drop in Boeing Co's shares hit the Dow industrials.

US officials are "not satisfied yet" about all the issues standing in the way of a deal to end the US-China trade war but made progress in talks with China last week, a top White House official said on Monday.

Brexit-supporting lawmaker calls for no confidence vote in PM May.

TUAN Sing Holdings has acquired the remaining 51 per cent stake in PT Titian Damai Mandiri (TDM) through its indirect wholly owned subsidiary, Lachenalia, from PT Graha Baru Khatulistiwa for 26.010 billion Indonesian rupiah (approximately S$2.48 million).

A MEMORANDUM of understanding (MOU) and loan agreement that Ace Achieve Infocom entered into have been terminated after its shares were suspended from trading.

The Singapore Exchange (SGX) is launching Asia’s first total return futures (TRF) on May 13 as it sharpens its focus on futurised derivatives.

Singapore's financial regulator said it hasn't uncovered any impropriety by DBS Group Holdings Ltd in arranging the sale of securities by troubled Singaporean water and power company Hyflux Ltd in 2016.

Source: SGX Masnet, Bloomberg, Channel NewsAsia, Reuters, The Business Times, PSR

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