Daily Morning Note – 30 January 2020
WEEKLY MARKET OUTLOOK WEBINAR
PHILLIP SUMMARY
Stocks closed little changed on Wednesday even after the Federal Reserve kept interest rates steady and struck an upbeat tone on the health of the U.S. economy.
The Dow Jones Industrial Average ended the day up 11.60 points at 28,734.45, a move of less than 0.1%. The 30-stock average had climbed as much as 221 points earlier in the session before reversing course. The S&P 500 fell less than 0.1% to 3,273.40 while the Nasdaq Composite advanced less than 0.1% to 9,275.16.
BREAKING NEWS
SINGTEL’S Thai associate, Advanced Info Service (AIS), has been ordered by an Arbitral Tribunal to pay 31.07 billion baht (S$1.37 billion), plus interest, to Thai telco, TOT Public Company.
STARHILL Global Real Estate Investment Trust’s (SGREIT) distribution per unit for the second quarter ended Dec 31, 2019 was flat at 1.13 Singapore cents.
First Reit’s distribution per unit for Q4 2019 was flat year on year at 2.15 Singapore cents.
WHILE EC World Reit (real estate investment trust) has a portfolio of eight assets in China, of which one is in Wuhan, there has been no significant impact on tenants’ businesses, said EC World Reit’s manager in a bourse filing on Wednesday.
Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR
TECHNICAL PULSE
NagaCorp Ltd
Recommended Action: Technical BUY
NagaCorp (HK: 3918) bearish move is expected to halt based on the technicals
Webinar Of The Week
Market Outlook: (PSR) Singapore Weekly & Technicals
Date: 20 January 2020
Phillip Research in 3 minutes: #16- JEP Holdings Ltd
Updates summarised in 3 minutes
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