Daily Morning Note – 05 June 2018


Register HERE for MONDAY’s 11.15am webinar.

Archived webinars available.


Geo Energy Resources Ltd – Looking forward to a good deal
Recommendation: BUY, Last Done Price: S$0.225
Target Price: S$0.41, Analyst: Chen Guangzhi
– 11mn tonnes of production target is on track
– Cash cost will jump this year
– Remain upbeat on any near-term acquisition
– Maintain BUY call with a lower target price of S$0.41 (previously S$0.47)


Japfa Ltd – Daily timeframe – Bullish
– There was a bullish breakout above the 0.555 immediate range high with
increasing volume on 04/06/18 suggests the resumption of the uptrend.
– Expect price to head higher next to test the 0.615 resistance area followed by

For more information and additional disclosures, refer to the link here.


US trade talks appear to be at ‘a low’ with China and allies. Trade negotiations appear to have gotten even more complicated, as Commerce Secretary Wilbur Ross left China empty handed and Trump gets set to meet an unhappy group of world leaders.

Tech Powers Nasdaq to Record High. U.S. stocks reached the highest since mid-March.

Microsoft Corp. agreed to buy coding site GitHub for $7.5 billion.

OPEC is holding oil production steady even as it debates an increase.

China Revives Its Push to Make the Yuan Go Global.

Starbucks Chairman Howard Schultz will leave the coffee chain later this month, fueling speculation that the billionaire may be mulling a presidential run in the age of celebrity leaders.

Alliance Mineral former CEO and executive director dispose of 37m shares for S$12.6m.

MPA awards $6m of co-funding grants for 2 LNG bunker vessels.

Source: SGX Masnet, Bloomberg, Channel NewsAsia, Reuters, The Business Times, PSR

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

Important Information

The information contained in this email and/or its attachment(s) is provided to you for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. The information or opinions provided in this email do not constitute an investment advice, an offer or solicitation to subscribe for, purchase or sell the e investment product(s) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of this information. Investments are subject to investment risks including possible loss of the principal amount invested. The value of the product and the income from them may fall as well as rise. You may wish to seek advice from an independent financial adviser before making a commitment to purchase or investing in the investment product(s) mentioned herein. In the event that you choose not to do so, you should consider whether the investment product(s) mentioned herein is suitable for you. PhillipCapital and any of its members will not, in any event, be liable to you for any direct/indirect or any other damages of any kind arising from or in connection with your reliance on any information in and/or materials attached to this email. The information and/or materials provided “as is” without warranty of any kind, either express or implied. In particular, no warranty regarding accuracy or fitness for a purpose is given in connection with such information and materials.
Confidentiality Note
This e-mail and its attachment(s) may contain privileged or confidential information, which is intended only for the use of the recipient(s) named above. If you have received this message in error, please notify the sender immediately and delete all copies of it. If you are not the intended recipient, you must not read, use, copy, store, disseminate and/or disclose to any person this email and any of its attachment(s). PhillipCapital and its members will not accept legal responsibility for the contents of this message. Thank you for your cooperation.


Contact us to Open an Account

Need Assistance? Share your Details and we’ll get back to you