Daily Morning Note – 18 July 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar.
Archived webinars available.
RESEARCH REPORTS
Keppel DC REIT – Strengthened balance sheet to fuel inorganic growth
Recommendation: Accumulate (Maintained), Last Close Price: $1.35
Target Price: $1.45 (previously $1.51), Analyst: Richard Leow
– 3.62 cents DPU declared for 1H18, comprising 2.77 cents advance distribution
(1 January to 15 May) and 0.85 cents post private placement (16 May to 30
June)
– 1H18 revenue and DPU met 50% and 47% respectively, of consensus FY18
expectation
– Maintain Accumulate; new target price of $1.45 (previously $1.51)
TECHNICAL PULSE
Venture Ltd – Daily timeframe – Bullish
– The subsequent bullish follow through on 17/07/18 succeeded in breaking
above the downtrend line with increasing volume signals a reversal higher
next.
– Expect price to rebound higher next to test the 17.99 resistance area followed
by 18.50.
For more information and additional disclosures, refer to the link here.
BREAKING NEWS
The Federal Reserve will continue to raise rates gradually as the US economic outlook remains strong despite uncertainty over trade policy, Fed Chairman Jerome Powell said Tuesday.
The US dollar rose on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the US Federal Reserve, while world stocks climbed as a heavy week of corporate earnings also kicked into gear.
E-waste management company Metech International on Tuesday said that its solicitors have served a writ of summons on DBS Trustee, being the trustee of Mapletree Industrial Trust, for the recovery of rental at its premises at 65 Tech Park Crescent for the period Jan 26, 2015 to July 15, 2015. The claim on the rental sum amounts to about S$540,338.
Singtel on Tuesday said its subsidiary Amobee, a digital marketing technology company serving brands and agencies, has emerged the winner in the court-supervised auction to acquire certain assets from Videology for about US$101 million.
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
| 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. |
