Daily Morning Note – 25 July 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar.
Archived webinars available.
TECHNICAL PULSE
China Sunsine Ltd – Daily timeframe – Bullish
– The subsequent bullish follow through on 24/07/18 has broken price above
the immediate downtrend line further validates the recovery and mean
reversion higher is happening
– Expect the long-term uptrend to resume next for price to test the 1.55
resistance area followed by 1.63
For more information and additional disclosures, refer to the link here.
BREAKING NEWS
The Dow Jones Industrial Average rose 197.65 points to 25,241.94 with United Technologies leading the blue-chip names. The S&P 500 added 0.5 percent to 2,820.40 thanks to gains in materials, telecommunications and energy stocks.
Twitter said on Tuesday it had removed more than 143,000 apps from the messaging service since April in a fresh crackdown on “malicious” activity from automated accounts.
Hundreds of people are missing and an unknown number feared dead after a partly built hydropower dam in southeast Laos collapsed after heavy rain. Death toll is also rising in Greece, after a series of fires, which broke out on Monday afternoon, devoured homes and forests.
The Monetary Authority of Singapore (MAS) has ordered financial institutions to tighten their customer-verification processes. With immediate effect, additional information such as a one-time password and last transaction amount must be used for verification before undertaking transactions for the customer.
DBS Bank has launched an online property marketplace that aggregates close to 100,000 property listings from EdgeProp and Averspace.
SINGAPORE Airlines has launched a blockchain-based digital wallet, which lets frequent flyer members use their miles to buy goods and services from selected merchants in Singapore.
SHOPMATIC, a Singapore-based startup that provides e-commerce solutions to small businesses, said on Tuesday it has expanded into the Middle East – having set up shop in Singapore, India and Hong Kong,
BANYAN Tree Holdings on Tuesday said it plans to sell its entire assets portfolio in Seychelles for US$70 million to a buyer from the Middle East, but will continue to manage Banyan Tree Resort Seychelles under a hotel management agreement.
SEMBCORP Industries on Tuesday said its unit, Singapore Wuxi Investment Holdings (SWIH), has agreed to sell its entire 49 per cent equity interest in the capital of Wuxi Singapore Property Investment Co (WSPI) to Golden Concord and Shanghai Sunac Real Estate Development Co for 323 million yuan (S$68 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. |
