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Phillip Capital Morning Note - 24/4/2019
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Publish date: Wed, 24 Apr 2019, 08:55 AM
SoftBank Group Corp is considering an investment in Wirecard AG that could give the Japanese conglomerate a 5 per cent stake in the beleaguered German internet payment firm, according to people familiar with the matter. Wirecard's American depositary receipts jumped on the news.
CAPITALAND has sold a group of companies that own and manage its self-storage business, StorHub, for an aggregate S$179.5 million to an unrelated and undisclosed buyer.
Nissan Motor Co will announce on Wednesday a large-scale cut to its earnings outlook for the fiscal year that ended in March, TV Tokyo reported, adding to the company's woes as it grapples with the arrest of former chairman Carlos Ghosn.
Tesla Inc's calling used to be bringing affordable electric cars to the masses. Elon Musk is now ripping up the script, vowing to pair self-driving technology with a sharing service that will make it crazy for consumers to buy other cars.
Harley-Davidson Inc surged past expectations for first-quarter profit on Tuesday and drew a change of tack from US President Donald Trump, who vowed to protect the motorcycle maker from European tariffs, driving its shares up 3 per cent.
Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR
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