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Phillip Capital Morning Note - 11/4/2019

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Publish date: Thu, 11 Apr 2019, 09:11 AM
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US core inflation cools amid shift in data methodology. A key measure of US inflation rose less than forecast in March on a drop in apparel prices following a methodology change for data collection, offering some reinforcement for the Federal Reserve's message of patience on interest rates.

MAPLETREE Logistics Trust (MLT) has sold five warehouses in Japan to Godo Kaisha for a total of 17.52 billion yen (S$213.2 million) in cash.

FIRST Real Estate Investment Trust (First Reit) on Wednesday reported a flattish distribution per unit (DPU) of 2.15 Singapore cents for the first quarter ended March 31, on the back of a 114.8 per cent increase in property expenses, mainly incurred for Sarang Hospital and Indonesia properties.

SGX FX futures hit record high in Q1. Trading activity in Singapore Exchange (SGX) currency futures spiked to hit record high in the first quarter, the bourse operator said on Wednesday.

DBS Group Holdings has priced US$750 million of three-year senior unsecured notes at a coupon of 2.85 per cent under its US$30 billion global medium term note programme, the bank announced on Wednesday.

MALAYSIA developer Aspen (Group) Holdings is in a joint venture (JV) to redevelop a piece of leasehold commercial land in Selangor, Malaysia into residential service apartments with full facilities. The total gross development value of the project is estimated at RM300 million (S$99.1 million).

OCBC Investment Research has downgraded its recommendation of ESR-Reit to "hold" due to a rally in the industrial Reit's (real estate investment trust) unit price since the brokerage initiated coverage in December 2018.

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

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