Daily Morning Note – 7 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.
Straits Times Index – Daily timeframe – Bullish
A hammer reversal bar was formed on 06/02/18 suggests a rebound back into
the long-term uptrend.
Expect the uptrend to resume next for price to test the 3470 resistance area
followed by 3550.
For more information and additional disclosures, refer to the link here.
Singapore Technologies Engineering Ltd announced that its electronics arms, Singapore Technologies Electronics Limited (ST Electronics), has signed an agreement with SatixFy UK Limited through its subsidiary ST Electronics (Satcom & Sensor Systems) Pte. Ltd. to jointly invest in a joint venture company. The JVCo is part of ST Electronics’ strategy to enhance its global access to the emerging high growth commercial aviation connectivity market. It will develop a state-of-the-art satellite antenna system that delivers enhanced in-flight connectivity (IFC) for commercial aviation.
SIA Engineering Company Limited announced the signing of a Memorandum of Understanding with Safran to collaborate in the field of data analytics. Under the MOU, both SIAEC and Safran will explore collaborating in the areas of research and development of software for predictive maintenance, to be used in the aviation industry. The deployment of advanced predictive software during aircraft operations will improve aircraft maintenance planning, and reduce unscheduled disruptions to aircraft revenue service.
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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