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Phillip Capital Morning Note - 29 Oct 2019

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Publish date: Tue, 29 Oct 2019, 11:03 AM
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KIT's Basslink says will comply with 'unnecessary' pricing directive. The pricing directive from Hydro Tasmania was set out in a market statement on Oct 18.

URBAN Commons, the sponsor of Eagle Hospitality Trust (EHT), is responsible for all the repair work that EHT's Queen Mary floating hotel requires, and these expenses will not come out of EHT's own pocket, the trust clarified on Monday.

A JOINT-VENTURE company formed between Mermaid Maritime and a local offshore services operator has secured a contract extension with a reputable oil major in a Gulf Cooperation Council country in the Middle East, Mermaid said on Monday. Mermaid's portion of the total contract value for the three-year extension period is estimated to be around US$162 million. Work will commence in the fourth quarter of 2019.

President Donald Trump again Monday said a trade deal is imminent with Beijing which will help American farmers hurt by retaliation in the grinding conflict between the economic powers.

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

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