News & Research

Market Overview

*15mins delayed

Daily Morning Note – 22th June 2017

WEEKLY MARKET OUTLOOK WEBINAR

Register HERE for MONDAY’s 11.15am webinar if you have not already done so.

Our webinars are an opportunity for clients, remisiers, and sales staff, to ask questions on our coverage and the market’s direction. We hope to have as many of you as possible.

In this week’s webinar, we will explain why the US dollar will head in a secular downtrend based on cycles and how Gold and Emerging Markets will benefit under a weak dollar environment..

Archived webinars available.

TECHNICAL PULSE

Straits Times Index – Daily timeframe – Bearish
• The shooting star rejection off the 3268 resistance area since 12/06/17 is forming a double top formation here as the RSI renormalizes off the 75 overbought region.
• Watch the 3188 range low closely as the break below it would cause the next wave of selling to take place where sellers aim for the 3158 support area followed by 3112.

For more information and additional disclosures, click here for full report.

BREAKING NEWS

24-month angiographic data: QT Vascular Ltd. has received angiographic data from 24-month follow-up of patients with De Novo lesions treated with Chocolate Heart™ as a standalone therapy. The initial six-month results were announced on 5 January 2016.

Successful tender: Singapore Press Holdings Limited together with Kajima Development Pte. Ltd. won the tender for the 99-year lease of the Land for mixed commercial and residential use at the bid price of S$1,132,000,000.

Memorandum of Agreement: SIA Engineering Company Limited has signed Memorandum of Agreement with The Boeing Company to collaborate on the provision of aircraft maintenance training services on current and new generation aircraft types, including the Next-Generation 737, 777 and 787.

Source: SGX Masnet, Phillip Securities Research

Clients of Phillip Securities can keep updated with Country Strategy and Singapore Sector Reports by logging into: www.poems.com.sg > STOCKS > Research

Read the research report(s), available through the link(s) above, for complete information including important disclosures

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