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.
TECHNICAL PULSE
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.
BREAKING NEWS
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
| 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. |
