Daily Morning Note – 3 January 2018
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TECHNICAL PULSE
Straits Times Index Ltd – Daily timeframe – Bullish
– The bullish follow through on 02/01/18 succeeded in closing price back above
the 20 day moving average suggests the start of the next leg higher for this
uptrend.
– Expect the uptrend to resume next for price to break above the 3457
resistance area this time to ultimately test the 2015 high of 3549 resistance
area.
For more information and additional disclosures, refer to the link here.
BREAKING NEWS
Sunpower Group Ltd – Mainboard-listed Sunpower Group Ltd., an environmental protection solutions specialist in proprietary energy saving and clean power technologies, expanding into anti-pollution investment projects (“Green Investments”) for recurring income, is pleased to announce that its wholly-owned subsidiary, Jiangsu Sunpower Technology Co., Ltd. (“Sunpower Technology”) (“江苏中圣高科技产业有限公司”) has signed an EPC contract worth RMB41.5 million with Xinjiang GCL New Energy Material Technology Co., Ltd. (“Xinjiang GCL”) (“新疆协 鑫新能源材料科技有限公司”). Upon the delivery of the contract, the Group expects a positive impact on its FY2018 results.
HC Surgical Specialists Limited – The Board of Directors of HC Surgical Specialists Limited is pleased to inform shareholders that it has entered into a sale and purchase agreement with Dr. Chee Hsing Gary Andrew, Dr. Lee Peng Khow, Foo Wai Lin Catherine, Goh Hin Hwa Grace and Wong Yuen Lan (collectively the “Vendors”) to acquire 51.0% of the total issued and paid-up share capital of HMC Medical Pte. Ltd. (“HMC”) (the “Sale Shares”) for a total purchase consideration of S$673,000 payable in cash.
Addvalue Technologies Ltd – Addvalue Technologies Ltd, a leading player in the mobile satellite communications industry, announced that it has in collaboration with JSC GTNT (“GTNT”) obtained type approval for the sales of the Thuraya Atlas IP terminal in Russia.
Manufacturing Integration Technology Ltd – The Board of Directors of Manufacturing Integration Technology Ltd is pleased to announce that the Group has recently secured new orders totaling S$14.2m for its semiconductor equipment and contract equipment manufacturing services.
IPS Securex Holdings Limited – IPS Securex Holdings Limited, a leading provider of security products and integrated security solutions with an established regional presence in the Asia-Pacific, is pleased to announce that its wholly-owned subsidiary, Yatai Security & Communications Pte. Ltd. (“Yatai”), has received a letter of award for the provision of CCTV upgrading work in Singapore. The LOA is effective up to 30 Jun 2018 and has a contract value of S$550,000.
Source: SGX Masnet, PSR
Clients of Phillip Securities can keep updated with Country Strategy and Singapore Sector Reports by logging into: www.poems.com.sg > STOCKS > Research
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