Daily Morning Note – 5 January 2018
WEEKLY MARKET OUTLOOK WEBINAR
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RESEARCH REPORT
ETF Model Portfolio – December 2017
Analyst: Pei Sai Teng
– Bond prices should begin to underperform as the synchronised global
recovery is leading Central Banks to normalise their monetary policies.
– We find valuation of U.S. equities rich and better value in other equity
markets. Intra-equity, we still favour China and Asia ex-japan region
– Conviction call will be in commodities as global trade improves and the
supply glut is being absorbed
BREAKING NEWS
CapitaLand Limited – CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has exceeded its target of 20,000 units for China in 2017, ahead of its planned schedule of 2020, as it sealed contracts to manage nine properties with over 2,000 units in China.
Tung Lok Restaurants (2000) Ltd – The Board of Directors of Tung Lok Restaurants (2000) Ltd wishes to announce that its joint venture, T&T Gourmet Cuisine Pte Ltd (“T&T”) has signed a tenancy agreement with TYJ. Pursuant to the Tenancy Agreement, T&T will lease part of the premise at the 1st and 5th floor of Tee Yih Jia Building at 1 Senoko Road Singapore 758134 from TYJ for a term of two (2) years.
Clearbridge Health Limited – Clearbridge Health Limited, a healthcare company with a focus on the delivery of precision medicine in Asia announced that it has entered into a conditional share purchase agreement with several parties (collectively, the “Vendors”) to acquire 65% of the common shares of Marzan Health Care Inc. (“Marzan Health Care”), for PHP69,615,000 (approximately S$1.86 million).
Nordic Group Limited – The Board of Directors of Nordic Group Limited (“Nordic”) is pleased to announce that its Petrochemical & Environmental Engineering, Scaffolding, Insulation, Precision Engineering and System Integration Services divisions have recently clinched several contracts with a total value of approximately S$20.6 million.
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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