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Phillip Capital Morning Note - 1 Jul 2019

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Publish date: Mon, 01 Jul 2019, 11:19 AM
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North Korea on Monday described the weekend meeting between its leader Kim Jong Un and US President Donald Trump in the Demilitarized Zone as "historic" and "amazing".

Opec and its allies look set to extend oil supply cuts next week at least until the end of 2019 as Iraq joined top producers Saudi Arabia and Russia on Sunday in endorsing a policy aimed at propping up the price of crude amid a weakening global economy.

SIZEABLE mainboard listings are expected on the Singapore Exchange (SGX) in the second half of the year, with the companies coming from the service sectors,said Deloitte. But this is subject to market performance and geo-political factors that will impact the economy.

Ayondo's business development officer and product officer leave, ID retires

CapitaLand will mark a new milestone on July 1 as it has completed the acquisition of Ascendas-Singbridge and will start operating as a unified entity.

SUSPENDED Ezion Holdings has reorganised its senior management team to strengthen the overall management structure, as the ailing mainboard-listed offshore and marine group struggles to stay afloat in an oil price slump that has paralysed the industry.

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

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