Covid-19 outbreak

Shares in Hongkong Land closed 1 US cent lower or 0.2% down at US$4.84 on May 5.

Barclays economist Brian Tan is keeping his 2021 GDP forecast of 7.5%.

Moody’s says it believes Yanlord will see total contracted sales to grow to RMB80 billion to RMB85 billion in FY2021 and FY2022.

Quarter-on-quarter, 3QFY2020 net profit fell 15.4% due to unrealised foreign exchange losses.

Singtel is back in the black with 1H earnings of $466.1 mil

The jump marks an increase of 1,115-fold, or 111,466% y-o-y.

“We expect heightened rhetoric and fresh non-tariff action, but we think the situation is more likely than not to stop there, at least until the US election,” says Morgan Stanley.

In light of the uncertainty, StarHub is withdrawing “all guidance” for FY2020, including its intention to maintain an unchanged full-year dividend of nine cents.

Hold on to this simmering stock

As the Covid-19 pandemic continues to bring about lockdowns and destroy demand for transportation fuel, analysts believe that oil prices are likely to remain under pressure for the rest of 1HFY2020.