Daily Morning Note – 18 April 2018

WEEKLY MARKET OUTLOOK WEBINAR

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TECHNICAL PULSE

Geo Energy Res Ltd – Daily timeframe – Bullish
– There was a strong bullish breakout above the 0.230 range high on 17/04/18 with
increasing volume suggests a possible bottoming process here.
– Expect price to reverse higher next to test the 0.280 resistance area followed by
0.300.

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


BREAKING NEWS

U.S. stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season.

President Donald Trump said the U.S. and North Korea have already started direct talks at “extremely high levels” in advance of a planned meeting between the two nations’ leaders this summer. He didn’t identify which U.S. officials have been involved.

Starbucks will close 8,000 of the company’s U.S.-based locations on May 29 to train 175,000 employees and address implicit bias, promote inclusion and help prevent discrimination.

SMRT chief executive Desmond Kuek is stepping down after 5½ years at the helm, and it has been reported that, according to reliable sources, his successor is expected to be former chief of defence force Neo Kian Hong.

BRUNEI‘S Prince Abdul Qawi and Singapore’s Ron Sim have teamed up to buy a substantial stake in SGX-listed UnUsUaL for S$25.8 million.

BANYAN Tree Holdings said on Tuesday that it has increased its stake in subsidiary Laguna Resorts & Hotels to 86.3 per cent following a voluntary tender offer for all shares it does not own in the Thai-listed unit.

Temasek Holdings has reportedly expressed interest in buying into Chinese conglomerate HNA‘s Hong Kong-based carriers, Hong Kong Airlines and Hong Kong Express Airways.

Source: SGX Masnet, The Business Times, ChannelNewsAsia, Bloomberg, 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

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

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