Daily Morning Note – 30 July 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar.
Archived webinars available.
RESEARCH REPORTS
Ascendas REIT – Maiden entry into UK
Recommendation: Accumulate (Maintained), Last Close Price: $2.73
Target Price: $2.96 (previously $2.91), Analyst: Richard Leow
– Maiden entry into UK through a portfolio of 12 logistics properties
– Acquisition cost of £207.27 mn (S$373.15 mn) expected to be fully funded by
GBP-denominated debt
– Maintain Accumulate; new target price of $2.96 (previously $2.91)
BREAKING NEWS
U.S. second-quarter GDP jumps 4.1% for best pace in nearly four years
US core capital goods orders and shipments surge in June, new orders for key U.S.-made capital goods increased more than expected in June and shipments surged.
U.S. consumer sentiment slipped last month, pressured by rising fears over the repercussions of escalating tariffs. Sentiment among consumers fell to 97.9 in July from 98.2 in June.
Treasury data shows Russian holdings of US debt plunged 84% since March falling to $14.9 billion from $96.1 billion in 2 months.
iFast Corp‘s Q2 net profit jumps 40% despite loss-making mainland China operations.
Daintree Residence sells 50 out of 80 units in weekend launch, in the private property market’s first new launch since the latest cooling measures kicked in earlier this month with an average selling price of $1,710 per sq ft.
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. |
