01 July 2019

News for today 28/6/2019



News for today 28/6/2019:
 
- Five Things You Need to Know to Start Your Day 
https://www.bloomberg.com/news/articles/2019-06-27/five-things-you-need-to-know-to-start-your-day-jxf9pd7f?srnd=premium-asia 
- Bitcoin almost wipes out its mega gain as swiftly as it came 
https://www.straitstimes.com/business/banking/bitcoin-almost-wipes-out-its-mega-gain-as-swiftly-as-it-came 
- Slumbering forex markets confound traders, prompt fear of rude awakening 
https://www.straitstimes.com/business/companies-markets/slumbering-forex-markets-confound-traders-prompt-fear-of-rude-awakening 
- Pain for Chinese exporters caused by more than US tariffs 
https://www.straitstimes.com/business/economy/pain-for-chinese-exporters-caused-by-more-than-us-tariffs 
- Rising US-China trade tensions have slowed Singapore growth: MAS chief 
https://www.straitstimes.com/business/economy/rising-trade-tensions-have-slowed-spore-growth-mas-chief ; Singapore to review 2019 growth forecast as trade war bites; weaker Q2 expected: MAS  https://www.straitstimes.com/business/economy/singapore-economy-in-for-rougher-ride-but-is-well-placed-mas-chief 
- Government not relaxing property cooling measures for now: MAS 
https://www.straitstimes.com/business/property/government-not-relaxing-property-cooling-measures-for-now-mas 
- Logistics businesses need to be agile and adapt to new tech: Koh Poh Koon 
https://www.straitstimes.com/business/companies-markets/logistics-businesses-need-to-be-agile-and-adapt-to-new-tech-koh-poh-koon 
- Property and shipping players welcome drive for transactions to go digital 
https://www.straitstimes.com/tech/property-and-shipping-players-welcome-digital-drive 
- SMEs cautiously optimistic for H2, though gloomier than past years: Survey 
https://www.straitstimes.com/business/economy/smes-cautiously-optimistic-for-h2-though-gloomier-than-past-years-survey 
- URA launches one-north Gateway site for tender; Hillview Rise and Dunman Road sites up for application 
https://www.straitstimes.com/business/property/ura-launches-one-north-gateway-site-for-tender-hillview-rise-and-dunman-road-sites 
- 1 in 2 Singapore residents feels stressed out by the thought of doing nothing: Survey 
https://www.straitstimes.com/business/one-in-two-singapore-residents-feel-stressed-out-by-the-thought-of-doing-nothing-survey

Stock to watch today 28/6/2019:
 
- Singtel, M1 bag public 5G trial projects 
https://www.businesstimes.com.sg/companies-markets/singtel-m1-bag-public-5g-trial-projects 
M1
 
Singtel JV launches new telco brand 
https://www.businesstimes.com.sg/companies-markets/singtel-jv-launches-new-telco-brand

Ascendas REIT Upgraded To Neutral At Macquarie; Pt S$2.60
 
Attilan makes RTO deal to buy family entertainment content producer for $100m 
https://www.straitstimes.com/business/companies-markets/facing-delisting-attilan-in-rto-deal-to-buy-family-entertainment-content 
Ayondo interim CEO to quit after less than 6 months on the job 
https://www.straitstimes.com/business/companies-markets/ayondo-interim-ceo-to-quit-after-less-than-6-months-on-the-job 
Boardroom offer closing date extended to July 12 
https://www.businesstimes.com.sg/companies-markets/closing-date-of-offer-for-boardroom-extended-to-july-12 
CapitaLand Commercial Trust Cut To Neutral At Macquarie; Pt S$2.20
 
CapitaLand Mall Trust Upgraded To Outperform At Macquarie; Pt S$2.75
 
Challenger exit offer of S$183mm blocked by minority shareholders 
https://www.straitstimes.com/business/companies-markets/minority-shareholders-block-183m-exit-offer-for-challenger ; Challenger calls for 2nd trading halt, corrects EGM resolution notice  https://www.businesstimes.com.sg/companies-markets/challenger-calls-for-2nd-trading-halt-corrects-egm-resolution-notice 
Epicentre's ability to operate as going concern likely hit if forced to repay loan 
https://www.businesstimes.com.sg/companies-markets/epicentres-ability-to-operate-as-going-concern-likely-hit-if-forced-to-repay-loan 
Frasers Commercial Trust declines to co-invest in sponsor's Frasers Tower deal 
https://www.straitstimes.com/business/companies-markets/frasers-commercial-trust-declines-to-be-co-investor-in-sponsors-frasers 
Frasers Hospitality REIT takes out S$370m in loan facilities 
https://www.businesstimes.com.sg/companies-markets/frasers-hospitality-reit-takes-out-s370m-in-loan-facilities 
Geo Energy Appoints Trafigura As New Offtaker For Sdj Mine
 
Innopac's appeal for more time to exit financial criteria watch-list rejected 
https://www.businesstimes.com.sg/companies-markets/innopacs-appeal-for-more-time-to-exit-financial-criteria-watch-list-rejected 
Keppel Corp - CMA Seeks Views On Prosafe Plan To Buy Floatel
 
Koufu Upgraded To Buy At Dbs Bank; Pt S$0.85
 
Memtech extends close of cash offer to delist company to July 12 
https://www.straitstimes.com/business/companies-markets/memtech-extends-close-of-cash-offer-to-delist-company-to-july-12 
Nico Steel gets 1-year extension to exit SGX watch-list 
https://www.straitstimes.com/business/companies-markets/nico-steel-gets-1-year-extension-to-exit-sgx-watch-list 
Roxy-Pacific acquires retail building in Tokyo for 6b yen 
https://www.businesstimes.com.sg/companies-markets/roxy-pacific-acquires-retail-building-in-tokyo-for-6b-yen 
Second Chance Properties Q3 net profit up 12.5% to S$2.34m 
https://www.businesstimes.com.sg/companies-markets/second-chance-properties-q3-net-profit-up-125-to-s234m 
SGX in 10th spot globally by IPO proceeds for Q2: EY 
https://www.straitstimes.com/business/companies-markets/sgx-in-10th-spot-globally-by-ipo-proceeds-for-q2-ey 
SIA, Malaysia Airlines ink deal to expand code-sharing 
https://www.straitstimes.com/singapore/transport/singapore-airlines-signs-mou-with-malaysia-airlines-for-strategic-partnership 
Vibrant evaluating disposal of Blackgold unit, posts FY2019 net profit 
https://www.businesstimes.com.sg/companies-markets/vibrant-evaluating-disposal-of-blackgold-unit-posts-fy2019-net-profit





















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