Daily Morning Note – 18 April 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar if you have not already done so.
Archived webinars available.
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
| 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. |
