Daily Morning Note – 1 February 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar if you have not already done so.
Archived webinars available.
Aspen (Group) Holdings Ltd – Entering into an opportune time
Recommendation: Not Rated (Site Visit Note), Last Close Price: S$0.22
Analyst: Phillip Research Team
– Aspen Vision City (AVC) to create new communities and opportunities.
– Benefiter of enlarged focus on affordable housing.
– Strategic partnership with Ikea in Batu Kawan, Penang.
Chip Eng Seng Corporation Ltd. has been awarded a S$168mn design and build contract by HDB. Construction period is 32 months from the date of obtaining approval from HDB.
Keppel Corporation Ltd’s subsidiary Keppel Urban Solutions has signed an MOU with Envision, that will see both companies leverage each other’s expertise and resources to further the global push for new and clean energy, and smart cities.
Singapore Exchange Ltd. has proposed updates to rules on mineral, oil and gas companies for greater relevance and alignment.
Thakral Corporation Ltd. has invested in another office building in Osaka, in the heart of Osaka’s Central Business District, with a gross building area of 5,618sqm and NLA of 3,869sqm.
Singapore eDevelopment Ltd. expects to report a net loss in its unaudited financial statements for FY17 due to higher operating, marketing, research and development expenses, amongst other reasons.
Global Invacom Group Ltd. launched an office in Japan, which will provide market support, customer service and other consulting services related to corporate brand development for the Group’s Malaysian operation to support revenue from new territories. The Group expects the launch to strengthen sales of Sat Comm products in the important developing Asian and Australasian markets.
Artivision Technologies Ltd. announced the extension of exclusivity period to enter into definitive agreements for the proposed acquisition of Mobile Credit Payment Pte Ltd. The Exclusivity Period will expire on 30 April 2018.
Singapore Medical Group announced the entry into the Australian market with a majority stake acquisition of leading IVF specialist group City Fertility Centre.
Cache Logistics Trust announced the acquisition of a portfolio of nine warehouses in Australia, for A$177.6mn
MM2 Asia Ltd.’s Board of Directors has approved the spin-off of Vividthree as an initial step for Vividthree to seek listing on the Catalist.
Source: SGX Masnet, PSR
Clients of Phillip Securities can keep updated with Country Strategy and Singapore Sector Reports by logging into: www.poems.com.sg > STOCKS > Research
|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.|
|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.|