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.
TECHNICAL PULSE
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.
BREAKING NEWS
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
| 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. |
