Daily Morning Note – 06 June 2018
WEEKLY MARKET OUTLOOK WEBINAR
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TECHNICAL PULSE
DBS Ltd – Daily timeframe – Bullish
– After the false bearish breakout, price rebounded higher and had succeeded
in breaking above the downtrend line and 20 day moving average on
05/06/18 suggesting for the resumption of the uptrend.
– Expect price to head higher next to test the 29.71 resistance area followed by
31.00.
For more information and additional disclosures, refer to the link here.
BREAKING NEWS
ISM non-manufacturing index grows in May, expanding for the 100th month
China offers to buy nearly $70 Billion of U.S. Products to fend off trade tariffs
Tesla reveals plans for a new factory in Shanghai at shareholder meeting
Trump contemplating separate trade deals with Canada and Mexico instead of NAFTA fix
YZJ Shipbuilding has secured nine new shipbuilding orders in May worth US$578 million
Asian Healthcare Specialists posted a half-year net profit of S$1.43 million, up from S$151,000 in the year-ago period as it changed the way it paid its doctors.
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
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