Daily Morning Note – 13 July 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar.
Archived webinars available.
Genting Sing Ltd – Daily timeframe – Bullish
– The subsequent bullish follow through on 12/07/18 have also broken above
the pullback line suggests the resumption of the uptrend.
– Expect price to head higher next to test the 1.32 resistance area by 1.39.
For more information and additional disclosures, refer to the link here.
The US Labor Department reported US consumer inflation at a six-year high in June, due to rising prices for food, gasoline, shelter and medical.
Singapore Advance GDP Estimates for 2Q 2018: The economy grew 3.8% on a year-on-year basis, moderating from the 4.3% growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded at a slower pace of 1.0% compared to the 1.5% growth in the preceding quarter.
Singapore Retail Sales for May 2018: Retail sales increased 0.1% on a year-on-year basis, due partly to lower motor vehicle sales. Excluding motor vehicles, retail sales rose 2.2% year-on-year.
Accordia Golf Trust (AGT) has closed three of its gold courses in western Japan due to public road closures against possible landslides and repair works resulting from flash flooding and landslides. Several of AGT’s golf courses also suffered damage, but there was no material impact.
Frasers Property Limited is acquiring 75% of the issued capital of Phu An Dien Real Estate Joint Stock Company for VND799 billion (S$47.3 million).
Alliance Mineral Assets Limited announced that Regal Funds Management Pty Ltd, being a substantial shareholder of the Company, intends to vote in favour of the Scheme Resolutions for the proposed merger with Tawana Resources NL.
Source: SGX Masnet, Bloomberg, Reuters, The Business Times, Channel NewsAsia, Phillip Securities Research
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.|