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Phillip Capital Morning Note - 15 Oct 2019

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Publish date: Tue, 15 Oct 2019, 08:57 AM
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KEPPEL Infrastructure Trust (KIT) on Monday reported a distribution per unit (DPU) of 0.93 Singapore cents for the third quarter of 2019 on improvements year-on-year in its distributable cash flow (DCF), revenue and net profits.

LIAN Beng Group saw its first-quarter net profit rise 21.3 per cent from the same period a year earlier despite a drop in gross profit, as associates' losses swung into profits for the three months ended Aug 31.

Singapore real estate investment sales in the third quarter more than doubled to S$16.74 billion from S$6.7 billion in the previous quarter, on the back of a commercial sector surge from big ticket office transactions

China wants further talks as soon as the end of October to hammer out the details of the “phase one” trade deal touted by Donald Trump before Xi Jinping agrees to sign it, according to people familiar with the matter, Bloomberg News reports.

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

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