Daily Morning Note – 20 February 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar if you have not already done so.
Archived webinars available.
RESEARCH REPORT
ETF Model Portfolio – January 2018
Analyst: Pei Sai Teng
– Quantitative Tightening is affecting the markets
– Inflation worries puts upward pressure on US Treasuries Yields
– Short Vol Trade blown-out brings a paradigm shift in volatility
TECHNICAL PULSE
Micro-Mechanics Ltd – Daily timeframe – Bullish
The subsequent bullish follow through on 20/02/18 finally broke price above
the 2.12 immediate range high and 20 day moving average signals a possible
move back into the uptrend.
Watch for further bullish follow through for the bullish momentum to sustain
where buyers target the 2.24 resistance area followed by 2.45.
For more information and additional disclosures, refer to the link here.
BREAKING NEWS
Delong Holdings Limited – The Board of Directors of Delong Holdings Limited (the “Company” or “Delong”) wishes to announce that following a preliminary review of the unaudited results for the three months period ended 31 December 2017 (“4Q2017”) and for the twelve months ended 31 December 2017 (“FY2017”), the Company is expected to report a significant increase in net profit for 4Q2017 and FY2017, compared to the corresponding year.
Fuji Offset Plates Manufacturing Limited – The Group is expected to report a loss for FY2017 financial results due mainly to the provision for impairment loss on its investment in Star City Property Development Co., Ltd and share of results of IPark Development Sdn Bhd.
Source: SGX Masnet, 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. |
