Daily Morning Note – 18 May 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar today.
Archived webinars available.
RESEARCH REPORT
Golden Energy and Resources Ltd – Strong production on track
Recommendation: BUY, Last Done Price: S$0.37
Target Price: S$0.48, Analyst: Chen Guangzhi
– Benefited from the buoyant coal prices in 1Q18
– Upgrading the port loading capacity
– Cash cost was higher than expected in 1Q18
BREAKING NEWS
Metro Holdings is growing its presence in Shanghai by investing 35% equity to acquire 90% stake of a landmark mixed-use commercial building, Shanghai Plaza, for a total investment value of RMB 2,907 million (S$613 million).
Hyphens Pharma International announced that it had received “strong interest” from investors for its initial public offering (IPO) in conjunction with its Catalist listing. The public offer was 152 times subscribed.
Sembcorp Environment, a wholly-owned subsidiary of Sembcorp Industries, has signed an agreement to divest its assets and businesses under its medical waste division in Singapore to TEE Medical Services, for S$20 million.
Sembcorp’s medical waste division specialises in the treatment and disposal of biohazardous and pharmaceutical waste and its new owner TEE Medical Services is a 50-50 joint venture between TEE Infrastructure and Asia Enviro Services.
Asia Enviro Services is a wholly-owned subsidiary of Dymon Asia Private Equity (S.E. Asia) Fund II Pte. Ltd.
Amid calls for automatic lease extensions for older public flats, Minister for National Development Lawrence Wong has said that the issue involves serious trade-offs and ramifications.
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
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. |