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

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

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