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Phillip Capital Morning Note - 14 Nov 2019

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Publish date: Thu, 14 Nov 2019, 12:30 PM
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The Dow and S&P 500 floated higher on Wednesday, inching to fresh records despite multiplying reports that US and Chinese trade officials are still struggling to conclude a partial bargain.

EAGLE Hospitality Trust's (EHT) distributable income (DI) for the three months ended Sept 30 was US$14.4 million, down 1.2 per cent from the US$14.5 million projected at the point of listing, the real estate investment trust (Reit) announced on Wednesday.

YANGZIJIANG Shipbuilding's third-quarter net profit slid 10 per cent year-on-year to 702.3 million Chinese yuan (S$136.3 million) amid an overall weak market.

TUAN Sing Holdings' Q3 net profit plunged 95 per cent to about S$206,000 from S$3.8 million a year ago, the property developer announced on Wednesday.

Net profit for Hong Leong Finance's third quarter ended Sept 30 dived 35.7 per cent to S$23.6 million from S$36.7 million a year ago, it reported in a Singapore Exchange filing on Wednesday.

OUE Commercial Reit (OUE C-Reit) on Wednesday posted a third-quarter distribution per unit (DPU) of 0.79 Singapore cent, up 43.6 per cent from a DPU of 0.55 cent for the same period a year earlier, thanks to gains from its merger with OUE Hospitality Trust in September.

ACCORDIA Golf Trust's distribution per unit (DPU) for the half-year ended Sept 30 rose 54.5 per cent to 2.07 yen (2.61 Singapore cents), from 1.34 yen a year ago, the highest distribution since the trust was listed in August 2014.

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

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