Daily Morning Note – 8 January 2018
WEEKLY MARKET OUTLOOK WEBINAR
Register HERE for MONDAY’s 11.15am webinar if you have not already done so.
Archived webinars available.
RESEARCH REPORT
Technical Pulse – The Phillip 20 Portfolio – December Monthly Review
– New Entries: Yoma Strategic, Wing Tai, Chip Eng Seng and China Aviation
– Take Profit: UMS
– Stop loss: Hanwell
– Total return since May to December is +5.24% with a realised gain of 0.45% in
December
– Uptrend in the STI re-established here as the 20 and 60 day moving average
propelled price higher
BREAKING NEWS
Tee Land Limited has issued a profit guidance for the Group’s FY2018 2Q and FY2018 1H financial results, on the back of impairment losses.
Mapletree Logistics Trust is acquiring the remaining 38% of a Hong Kong property for a purchase consideration of HKD610 million.
Vard Holdings Limited has secured a contract for the construction of one fully electrical battery-powered car- and passenger ferry for Boreal, a Norwegian public transport provider.
Memories Group (formerly known as SHC Capital Asia), a leading tourism company in Myanmar, started trading on the Singapore Exchange Catalist.
Global Logistics Properties’ (GLP) Chinese arm, GLP China, has received approval from the China Securities Regulatory Commission to issue up to RMB12 billion (US$1.8 billion) of RMB-denominated “Belt and Road” (“B&R”) bonds on the Shenzhen Stock Exchange.
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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