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Phillip Capital Morning Note - 1 Oct 2019

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Publish date: Tue, 01 Oct 2019, 09:05 AM
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Wall Street stocks finished a volatile quarter on a positive note on Monday, while oil prices slid amid reports that Saudi Arabia restored oil production more quickly than expected following attacks on infrastructure.

European shares rose on Monday, with a higher open on Wall Street bolstering gains later in the session, while exporters were helped by a decline in the value of the euro.

SYNAGIE Corporation's group financial controller Jenny Tay Lee Wee, 36, has resigned with effect from Sept 30 "due to personal commitments and to spend time with her family", the e-commerce solutions provider announced on Monday night.

STAR Pharmaceutical's public float has fallen below the minimum 10 per cent threshold, in its executive chairman's bid to take it private, the Mainboard-listed prescription drugmaker announced on Monday night.

PRUDENTIAL'S Asian asset management business Eastspring Investments has signed an agreement to acquire 50.1 per cent of Thanachart Fund Management Co (TFUND) for 4,208 million baht (S$190.3 million), Prudential announced on Monday night.

BREADTALK Group on Monday announced the promotions of three C-suite executives, who will all gain new roles while retaining their current ones, with effect from Oct 1.

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

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