Markets
More central banks brace for slowdown with rate cuts; order book for Keppel offshore unit picks up momentum
SINGAPORE (July 22): More central banks brace for slowdown with rate cuts; order book for Keppel offshore unit picks up momentuThere are further signs that economies are slowing down as the trade w
Tong's Portfolio
Adobe is another example that the future favours the subscription model
(July 22): US stocks continue to outperform the rest of the world this year. The Dow Jones Industrial Average, Standard & Poor’s 500 and Nasdaq Composite all hit fresh record highs this month.
Capital markets
UOB upsizes Australian dollar FRN issuance on strong demand, tight pricing
SINGAPORE (July 18): United Overseas Bank has announced the issuance of A$500 million of three-year senior unsecured floating rate notes (FRN), priced at the Australian 3-month Bank Bill Swap Refer
Results
SATS posts 14.4% drop in 1Q earnings to $54.7 mil
SINGAPORE (July 18): Food solutions and gateway services provider SATS posted a 14.4% drop in earnings to $54.7 million for the 1Q19-20 ended June, falling from $63.9 million a year ago.
M&A
Goodland acquires George Town freehold properties
SINGAPORE (July 18): GLG Global, a subsidiary of the Goodland Group, has acquired freehold properties in George Town, Penang for RM6 million ($2 million).
Property
AA REIT secures 10-year master tenant for 3 Tuas Ave 2 property
SINGAPORE (July 18): A master tenant has been secured for its property at 3 Tuas Avenue 2, says the manager of AIMS APAC REIT (AA REIT), and it will be occupy the entire premises of about 268,000 s
Investing idea
Can Yangzijiang diversify itself out of a doldrum?
SINGAPORE (July 18): Yangzijiang Shipbuilding is diversify its business and venturing into new areas of expertise given an upturn in the offshore & marine industry is nowhere to be seen.
