Daily Morning Note – 10 July 2019

WEEKLY MARKET OUTLOOK WEBINAR

Register HERE for MONDAY’s 11.15am webinar.

Archived webinars available.

PHILLIP SUMMARY

Stocks in Asia were mixed in Wednesday morning trade as investors await comments from U.S. Federal Reserve Chairman Jerome Powell for possible clues on the central bank’s next move on interest rates.

The Dow Jones Industrial Average fell slightly on Tuesday as investors awaited more clues on the Federal Reserve’s next monetary policy move.

Source: CNBC


TECHNICAL PULSE

Kellogg Co

Recommended Action: Technical Long

Kellogg’s Falling wedge formation suggests that the stock may be coming to an end of its bearish decline. We expect the stock to enter into a new phase of recovery soon.

Read more technical pulse


BREAKING NEWS

Hong Kong‘s chief executive Carrie Lam announced on Tuesday that a proposal to allow extraditions to the Chinese mainland “is dead”, but she again stopped short of protester demands to immediately withdraw the Bill.

Monaco on Tuesday became the first country in Europe to inaugurate a next-generation 5G mobile phone network based on technology from Huawei.

Temasek Holdings on Tuesday reported a one-year total shareholder return (TSR) of 1.49 per cent for the 12 months ended March 31, 2019, reflecting market volatility as it warned of lower returns expectations for the longer term amid weak global growth.

800 Super Holdings has requested a trade suspension starting from 9am on Tuesday, following the loss of its free float after a privatisation offer by its controlling shareholder – the Lee family, closed on Monday.

The SGX has entered into a strategic investment in Smartkarma, which runs a digital global investment research network.

Wee Hur Holdings, through its wholly-owned subsidiary Wee Hur Construction, has secured a S$39 million construction project from Tanglin Trust School.

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

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


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

Important Information.



Disclaimer



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.