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Phillip Capital Morning Note - 11 Sept 2019

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Publish date: Wed, 11 Sep 2019, 09:21 AM
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China on Tuesday removed limits on foreign institutions wanting to invest in its stocks and bond markets, as it seeks to attract overseas investment amid a slowing economy and a trade spat with the United States.

Singapore - From Wednesday (Sept 11), more first-time buyers will get higher grants and more flexibility to choose the size of their flat and where it is located. The income ceiling for eligible buyers has also been raised for the first time since 2015.

Apple unveiled its iPhone 11 models Tuesday with a price cut for the most basic models while also laying out plans for streaming and gaming services as it bids to weather the slump in the global smartphone market.

South-east Asian online realtor PropertyGuru Group, which counts buyout firms TPG Capital and KKR among its backers, is targeting an Australian IPO which could raise up to A$400 million (S$378.5 million) this year, sources with knowledge of the deal told Reuters on Tuesday.

Isetan Singapore and YTL Starhill Global Reit (SGReit) issued statements to the Singapore Exchange after trading hours on Tuesday, clarifying that no deal has been inked yet.

Upstream oil and gas firm KrisEnergy will receive three months of court protection from creditors’ legal action, until Nov 14, while it restructures its debt totalling US$476.8 million, the mainboard-listed company said on Tuesday morning.

Source: The Business Times, The Straits Times

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