Daily Morning Note – 10 January 2018


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Singapore Banking Monthly – 2017 ended with a strong performance in December
Analyst: Jeremy Teong
– Singapore November domestic loans growth was up 7.1% YoY. Demand driven
by property related business loans.
– Hong Kong November domestic loans growth was 14.8% YoY.
– SIBOR and HIBOR spiked up at the end of December signalling a further
increase in mortgage rates in Hong Kong and Singapore in January 2018.
– Maintain Accumulate for the Singapore Banking Sector.


YZJ Shipbldg SGD – Daily timeframe – Bullish
– The bullish follow through on 09/01/18 has convincing broke price above the
1.54 range high, 20 and 60 day moving average with increasing volume signals
further sign of strength.
– Expect the uptrend to resume next for price to test the 1.64 resistance area
followed by 1.74.

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


Hiap Tong Corporation Ltd has been awarded a 5-year extension lifting services contract by ExxonMobil.

REX Technology Holding Limited’s wholly owned subsidiary, Rex Technology Management, has been awarded approximately USD1.95 million in arbitration with HiRex Petroleum Sdn Bhd.

Jason Holdings Limited has been given a final deadline of Feb 28, 2018 to hold its AGM.

Frasers Centrepoint Limited has announced a proposed issue of S$300 million fixed rate subordinated perpetual securities.

Source: SGX Masnet, PSR

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

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