Daily Morning Note – 6 February 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar if you have not already done so.
In this week’s webinar, we update on our US Recession Tracker and Singapore
Strategy. We also discuss the results for Micro-Mechanics, CapitaLand Retail China
Trust and SIA Engineering Company.
Archived webinars available.
Micro-Mechanics Ltd – Daily timeframe – Bullish
– The bullish rejection on 05/02/18 succeeded in forming a hammer bullish
reversal bar with increasing volume signals a possible rebound.
– Watch for the bullish follow through for the uptrend to resume next where
price should retest the 2.24 resistance area followed by 2.45.
For more information and additional disclosures, refer to the link here.
Dow plunges 1,500-point at lows, set for worst daily point drop in history, on computer-driven selling.
Oxley Holdings Limited announced that the Company’s wholly-owned subsidiary, Oxley Pearl Pte. Ltd., has entered into a sale and purchase agreement pursuant to which Oxley Pearl shall acquire from Huang Shi Zong Hui (Singapore) a 99-year leasehold estate in the land at Lot 98849K of Mukim 24 at 16 Lorong 35 Geylang, Singapore 387946.
ComfortDelGro Corporation Limited announced that it is acquiring 217 taxi licences and vehicles from Shenyang Tian Wen Taxi Co., Ltd, in a move which will grow its fleet in the capital of Liaoning Province by close to a-fifth to 1,503 taxis. Costing RMB71.6 million (approximately S$14.98 million), the acquisition will further reinforce the Group’s position as the largest taxi operator in Shenyang.
Keppel Telecommunications and Transportation Ltd announced that its wholly‐owned subsidiary, Keppel Logistics Pte. Ltd. has increased its shareholding in its subsidiary, Courex Pte. Ltd through the acquisition of 143,664 ordinary shares of Courex at an aggregate consideration of S$7.5 million.
Ascendas Property Fund Trustee Pte. Ltd., announced the proposed private placement of at least 73,029,000 new units in aiTrust at an issue price of between S$1.027 and S$1.083 per New Unit to raise gross proceeds of no less than S$75.0 million.
Singapore Exchange Limited announced a request for trading halt today.
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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