Daily Morning Note – 14 June 2018


Register HERE for MONDAY’s 11.15am webinar.

Archived webinars available.


Olam Intl Ltd – Daily timeframe – Bullish
– A hammer rejection off the 2.25 support area was formed on 13/06/18 signals
a reversal back into the long-term uptrend.
– Expect price to rebound back up to test the 2.33 resistance area followed by

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


Stocks fell after the Federal Reserve hiked interest rates and indicated that two more increases are likely this year. The Dow Jones industrial average fell 119.53 points to finish at 25,201.20 as losses in Boeing and Caterpiller shares offset gains in shares of Walt Disney Company. The S&P 500 lost 0.4 percent to close at 2,775.63 with consumer discretionary the only positive sector. The Nasdaq composite rose to a new intraday high early in the session as media stocks rallied following a federal judge’s decision to permit AT&T’s bid for Time Warner.

Shares of Dutchfintech firm and PayPal rival Adyen surged nearly 90 percent on their first day of trade Wednesday in Amsterdam, in what is one of Europe’s biggest technology initial public offerings (IPO) in recent times.

Comcast Corp offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co.

Apple Inc said on Wednesday it will change its iPhone settings to undercut the most popular means for law enforcement to break into the devices. It said it will change default settings in the iPhone operating system to cut off communication through the USB port when the phone has not been unlocked in the past hour.

Toyota is pumping $1 billion into Grab. The new funding values Grab at just over $10 billion, according to a person familiar with the company.

Imperium Crown on Wednesday signed an agreement with Singapore Press Holdings’s (SPH) subsidiary Sphere Exhibits to organise the first Beerfest Asia event in China – Beerfest Shandong.

UOL Group has gained statutory control of United Industrial Corporation (UIC), after its stake in UIC crossed 50 per cent on Wednesday.

Tritech Group subsidiary Tritech Engineering & Testing (Singapore) has been awarded a S$4.6 million contract by Changi Airport Group for the provision of soil investigation services at Changi Airport Terminal 5

China Everbright Water has signed an agreement to acquire engineering design firm Xuzhou Municipal Engineering Design Institute in China’s Jiangsu province, for a cash consideration of 82 million yuan (S$17.10 million)

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