MARKET OVERVIEW- Sentiment remain cautious amid the tense stand-off between US and China over trade tariffs as traders await a keynote address by China President Xi at the Boao Forum today and the release of advance 1Q18 GDP growth as well as MAS policy statement later this week.- Technically, the STI is likely to trade within its downward channel between 3,370 and 3,480 in the near term.POSITIVE NEWS*CapitaLand- Serviced residence unit, The Ascott, tied up with developers in China, Japan and Thailand to manage apartments under development and future projects.- It added 1,607 units to its portfolio in Jan and Feb and will sign management and lease agreements for a further 3,400 apartments across 14 properties in 10 cities this quarter.- The group is on track to achieve its global target of

MARKET OVERVIEW- Worries over intensifying trade war could return to the forefront as China rolls out new tariffs on meat, fruit and other US imports totalling 128 products, on retaliation against US taxes on steel and aluminium.- Technically, the STI sees topside resistance at 3,440 and downside support at 3,370 (200MA).POSITIVE NEWS*United Global- Pheim Asset Management is acquiring 15m shares from Chairman and controlling shareholder, Wiranto, for $0.41/share.- This represents a 4.7% stake in the company and Wiranto will retain 39.8% ownership.- Separately, the group is setting up a 35:55:10 JV in Australia with PFR Management and DP United to import and distribute lubricant products.- Trades at 10.6x trailing P/E.NEUTRAL NEWS*SGX- Japan Exchange Group (JPX), a shareholder of SGX, will