Daily Morning Note – 13 June 2018


Register HERE for MONDAY’s 11.15am webinar.

Archived webinars available.


shopper360 Limited – The key to win consumers’ dollars
Recommendation: Trading Buy, Last Close Price: S$0.18
Target Price: S$0.33, Analyst: Soh Lin Sin
– Contracts from new and existing clients, and expanded media portfolio would
drive FY19e earnings; Expect Core earnings to grow at 20% p.a. in FY18-19e
– First mover advantage in Southeast Asia’s final frontier via strategic
partnership with Myanmar’s leading modern retail chain
– Initiate with Trading BUY and TP of S$0.33; Undemanding valuations with
adjusted trailing-PE of 5.8x, vs global peers’ 13.0x


Global markets were subdued following Tuesday’s meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un. The Dow Jones industrial average finished 1.6 points lower at 25,320.73, weighed down by losses in Travelers Companies and Goldman Sachs. The S&P 500 closed 0.17 percent higher to 2,786.85 helped by utilities, which ended the day 1.3 percent higher. The Nasdaq composite closed 0.57 percent higher at 7,703.79 thanks to upticks in Facebook, Apple, Amazon, Netflix and Google-parent Alphabet.

The Federal Reserve will end its two-day meeting on Wednesday U.S. hours and is widely expected to announce a rate hike.

U.S. President Donald Trump made a stunning concession to North Korean leader Kim Jong Un on Tuesday about halting military exercises, pulling a surprise at a summit that baffled allies, military officials and lawmakers.

AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion.

Tesla Inc is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan.

British American Tobacco plc (BAT) said the rapid growth of tobacco-heating products in Japan has slowed.

AstreaIV’s S$121 million retail offering of Class A-1 private equity bonds closed 7.4 times subscribed at noon on Tuesday, with nearly S$890 million in valid applications received.

Frasers Property said that its Frasers Hospitality business has opened Fraser Place Binhai Tianjin – its second property in Tianjin.

Deliveroo will allow restaurants to use their own riders for orders placed through its takeaway food app, in a move which will boost the number of available outlets by 50 percent.

Sembcorp Marine has secured its first polar expedition cruise ship design contract. The contract signed between SembMarine’s subsidiary, LMG Marin and Croatia’s Brodosplit Shipyard, is for the design of a ship to be built for Quark Expeditions.

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

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

Important Information

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.


Contact us to Open an Account

Need Assistance? Share your Details and we’ll get back to you