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Phillip Capital Morning Note - 6 Nov 2019

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Publish date: Wed, 06 Nov 2019, 09:11 AM
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Wall Street stocks paused on Tuesday in record range on rising hopes over US-China trade talks as US services sector data topped expectations. The Dow mustered a narrow record for a second day in a row, while the S&P 500 fell slightly and the Nasdaq was flat.

DOOR-MAKER KLW Holdings warned on Tuesday that it expects to post a net loss for the second quarter ended Sept 30, its second warning in as many quarters.

KBS Prime US Reit on Tuesday posted a distribution per unit (DPU) of 1.38 US cents for its third quarter, higher than its forecast of 1.31 US cents for the period, on the back of stronger rental income.

DEBAO Property Development could end up on the Singapore Exchange's watch-list, after certain restatements meant it has now recorded pre-tax losses for the three most recently completed consecutive financial years.

HIGHER finance costs and the absence of a one-off gain dampened results for real estate developer Perennial Real Estate Holdings for its third quarter ended Sept 30.

SINGAPORE Airlines (SIA) on Tuesday posted a 68 per cent jump in net profit for the second quarter to S$94 million from S$56 million a year ago, owing to improvement in share of results from associates and joint ventures (JVs) which was partially offset by higher net finance charges.

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

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