Let the Money Talk

META Platforms unveiled its newest virtual-reality (VR) headset on Tuesday (Oct 11). The headset will cost US$1,500, three times the price of the Quest 2, which was launched in late 2020. — The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day. This programme is brought to you by PYTCH Media, a creative studio powered by PhillipC...

AMD shares dropped 4% in after-hours trading, dragging down Nvidia and Intel by over 2%. Chipmakers are under pressure from COVID curbs in key PC market China and the Ukraine war.  — The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day. This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCap...

OPEC+ agreed to cut its collective output limit by 2 million barrels day as the group seeks to halt a slide in oil prices caused by the weakening global economy. — The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day. This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made si...

In this episode, Phillip Securities Research's Senior Analyst, Jonathan Woo, initiate coverage on Spotify Technology S.A. with BUY rating, and target price of US$117. Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report. #PhillipCapital #YourPartnerinFinance #Servingyousince1975   #fintech #PYTCH #PYTCHMedia #Daily...

Elon Musk is proposing to go ahead with his original offer of US$44 billion to take Twitter Inc. A deal would put the world's richest person in charge of one of the most influential media platforms and end months of litigation. The news comes ahead of a highly anticipated face-off between Musk and Twitter in Delaware's Court of Chancery on Oct 17. — The Daily Morning Note is a round-up of local an...

Sushi tokens have lost more than 95% of their value since March 2021. SushiSwap is currently valued at US$17 million, with the majority in its Sushi token. Grey was among five candidates who made it to the final round, and they debated two weeks ago. According to him, past leadership had underserved the project a little bit. — The Daily Morning Note is a round-up of local and global business headl...

Tesla Inc. vehicle deliveries rebounded strongly in the most recent quarter, though the record performance still leaves the company requiring a further increase in the final three months of 2022 to meet annual growth objectives. — The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day. This programme is brought to you by PYTCH Med...

Volkswagen sells Porsche shares for 76.50-82.50 euros per share, giving it a market capitalization of 75 billion euros (S$105 billion). Porsche is making a bold move into public markets after a drop of 83% in IPOs this year. — The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day. This programme is brought to you by PYTCH Media,...

Welcome to the Let the Money Talk podcast. In this episode, Phillip Securities' Research Analyst, Darren Chan, will be covering his report on Prime US REIT. BUY remains his recommendation, as PhillipCapital lowers DDM-TP from US$1 to US$0.88 as they trim FY22-FY24 forecast DPUs by 1-2%. Based on higher risk-free rate assumptions and market risk, we increased our COE from 9.6% to 10.55%. Listen to...

Welcome to the Let the Money Talk podcast. In this episode, Phillip Securities' Research Analyst, Maximilian, will be covering the initiation report on PropertyGuru. He initiate coverage on PropertyGuru with BUY recommendation at a target price of US$5.73 based on DCF valuation using a weighted average cost of capital of 10.1% and terminal growth rate of 3%. Listen to this podcast to learn more ab...

In this episode, Phillip Securities' Research Analyst, Ambrish Shah, reports on Adobe Inc 3Q22 Results - Big Figma acquisition. 13% YoY revenue growth led by increasing paperless workflows and explosion in digital content creation. Adobe agreed to acquire collaborative design software firm Figma in a cash-and-stock deal worth US$20bn. The transaction was expensive and dilutive, and we believe the...

Since its launch last September, JPMorgan's UK mobile app bank had acquired one million customers and received more than £10 billion in deposits. Banks across the globe are putting this template into practice despite intensifying cost of living crises that have soured the outlook for retail banks. The Daily Morning Note is a round-up of local and global business headlines that you need to know to...

Tesla has emerged as an unlikely competitor to Apple. Tesla is down 22% this year; Apple has fallen 15%. The EV maker's revenue grows, but profits are weak, and several years ago it was on the verge of bankruptcy. The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day. The Daily Morning Note is brought to you by PYTCH Media, a cre...

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day. The Daily Morning Note is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational. Subscribe and follow PYTCH Media: LinkedIn:  https://tinyurl.com/YTLinkedIn   Podcast:  https://tinyurl.com/YTanchor &n...

Welcome to the Let the Money Talk podcast. In this episode, Phillip Securities Research's Senior Analyst, Terence Chua reports on Sembcorp Industries latest update. The company reported that the energy bill cap imposed in the UK is expected to have a subdued impact on SCI. Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full r...

Welcome to the Let the Money Talk podcast. In this episode, Phillip Securities' Head of research, Paul Chew, reports on Del Monte 1Q23 Results. The results was within expectations. Maintain BUY recommendation.  Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

Video game retailer GameStop announced a partnership with cryptocurrency exchange FTX US. The company's net loss nearly doubled to US$108.7 million, while the loss per share was 36 US cents. #PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #DailyMorningNote #DailyNews #FinanceNews Subscribe: https://www.youtube.com/user/PhillipCapital Follow PYTCH Media:...

Binance is introducing "BUSD Auto-Conversion". The conversion will convert any existing user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD) into its own stablecoin. #PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #DailyMorningNote #DailyNews #FinanceNews Subscribe: https://www.youtube.com/user/PhillipCapital Follow P...

Warren Buffett’s Berkshire Hathaway trimmed its stake in BYD even further, offloading another 1.72 million shares as of Sep 1, according to an exchange filing Friday, just days after the legendary US investor began reducing his holding in China’s biggest maker of electric vehicles. #PhillipCapital #YourPartnerinFinance #Servingyousince1975   #fintech #PYTCH #PYTCHMedia #DailyMorningNote #Dail...

Here are some financial tips you can use to make decisions for your financial well-being & legacy planning.  In this episode, one of our top Financial Planner, Irene Yee, deconstructs the concepts and ideas for managing your finances.   #PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #DailyMorningNote #DailyNews #FinanceNews  Sub...

Sea cuts some Garena jobs and shuts down projects, Celsius seeks return of US$50m in crypto-assets and Nvidia suffers after U.S. restricts China sales. #PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #DailyMorningNote #DailyNews #FinanceNews Help us make the news better. Survey form: https://tinyurl.com/SurveyformYT  Subscribe: https://www.youtube....

SoftBank Group-owned chip company, ARM has sued Qualcomm for breach of contract and trademark infringement. Conflict centres on Qualcomm's acquisition of chip startup Nuvia last year. Nuvia developed chip designs using Arm licences and they can't be transferred to Qualcomm without permission. #PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #DailyMorning...

Temasek is joining a US$100 million funding for Animoca Brands, betting on one of crypto's most prolific investment houses. It adds to a funding round first announced by Animoca in January from George Soros and the Winklevoss twins. #PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #DailyMorningNote #DailyNews #FinanceNews Help us make the news better. Su...

Singapore's manufacturing output increased 0.6% in July 2022 on a year-on-year basis. Excluding biomedical manufacturing, output grew 2.9%.  #PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #DailyMorningNote #DailyNews #FinanceNews Help us make the news better. Survey form: https://tinyurl.com/SurveyformYT  Subscribe: https://www.youtube.com/us...

GrabSingtel consortium is eyeing to open GXS bank in Singapore later this year. Analysts say Singtel's entry into the digital banking space is not getting much interest from investors due to the perception that digital banks will post losses in their early operations. #PhillipCapital #YourPartnerinFinance #Servingyousince1975  #fintech #PYTCH #PYTCHMedia #DailyMorningNote #DailyNews #FinanceN...