Daily Morning Note – 9 March 2018
WEEKLY MARKET OUTLOOK WEBINAR
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RESEARCH REPORT
ETF Model Portfolio – February 2018
Analyst: Pei Sai Teng
– 10-year U.S. Treasuries yield look set to break above the crucial 3 percent
level.
– Yield curve continue to flatten
– Credit spread and TED spread showing sign of risk-averse sentiment
TECHNICAL PULSE
KrisEnergy Ltd – Daily timeframe – Bullish
– The strong bullish rejection off the 0.085 support area on 08/03/18 succeeded
in breaking price above the immediate downtrend line with increasing volume
suggests a reversal higher next.
– Watch for the bullish follow to happen as price completes the formation of
the double bottom off the 0.085 support area.
For more information and additional disclosures, refer to the link here.
BREAKING NEWS
City Developments Limited wishes to announce that CDL Constellation Pte. Ltd., a wholly-owned subsidiary of the Company, and TID Residential Pte. Ltd., an interested person of the Company within the meaning of Rule 904(4) of the Listing Manual of Singapore Exchange Securities Trading Limited , have entered into a memorandum of general agreement in connection with a joint tender submitted on 27 February 2018 to The Housing & Development Board (“HDB”) to acquire and develop a piece of land situated at Sumang Walk, Republic of Singapore (the “Sumang Walk Property”) for a proposed Executive Condominium housing development at a tender price of $509,370,000.00. On 7 March 2018, HDB officially awarded the Sumang Walk Property to the Parties.
8Telecom International Holdings Co. Ltd. announce that it has today entered into a Conditional Sale and Purchase Agreement with Letu Investment Pte. Ltd. and New Pacific Trading Pte. Ltd. pursuant to which the Vendors propose to sell, and the Purchaser acquires, 51% of the entire issued and paid-up share capital of the Target Companies.
Yuuzoo Corporation Ltd reveals strong pipeline, new divisional structure and strong earnings potential in SIAS dialogue session. During the dialogue session, the Company informed investors about a new organizational structure with a focus on 5 geographical regions run from 5 geographical regional head offices, and revealed a strong pipeline of new projects with a strong earnings potential. In China, where country operations are run from Shanghai, the company in December announced the signing of a framework agreement for the development and management of a huge Smart City real estate project called “Nordic Sport Town” in Harbin. YuuZoo is, subject to a final detailed agreement to be signed latest by June 2018, together with its Chinese joint venture partner to plan and develop a 85 hectares large river-fronting area of land located in Harbin’s new prime upmarket development area earmarked by the local government for highend residential, commercial, tourism, education and sports real estate development. The project integrates with YuuZoo’s Smart City capabilities in areas such as eCommerce, ePayments, Social Networking and eReal estate management.
Source: SGX Masnet, Phillip Securities Research
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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