Commercial Advertisement - Click on the banner to access the website.

Search This Blog

Tuesday, January 22, 2019

The charades of cryptocurrency.

When bitcoin was first developed using the rehashed blockchain technology of the late 1990s, it had to have an incredible theme to sell to lure investors into buying something that was worthless.

Thus, the crypto proponents used the limited supply concept of bitcoin to entice investors to buy into the "Too good to be true" theme. As the proponents and the ignorant investors didn't have a true understanding of the economic principles of demand and supply, the investors were taken in because they thought that the demand and supply had a direct inverse relationship.  They thought the declining mining supply would drive up the bitcoin prices to astronomical levels.  As the bitcoin prices started to rise dramatically, the proponents had to concoct another story to drive the bitcoin further into the stratosphere.  Therefore, they preyed on the psychological mindsets with the "Fear of missing out (FOMO)" theme.  They claimed that more merchants and other retail investors are entering the crypto markets because crypto was going to revolutionize the world.  It worked marvellously until bitcoin reached almost US$20,000.

Then, the harsh reality of market forces started to creep in and bitcoin prices started to fall tremendously.  Those proponents didn't give up and come up with another theme again.  This time, they proclaimed that the financial institutions and fund managers would enter the crypto market soon and this would cause bitcoin to spike.  However, the truth was that any serious financial institution would develop its own private blockchain instead because of privacy and security concerns and the private blockchain couldn't be mined or interconnected with the public blockchain.

http://sg-stock.blogspot.com/2018/09/the-private-blockchain-will-cannibalize.html

As you can see, the proponents keep shifting the goal poles to lure investors to invest in crypto and will continue to do so.  Subsequently, these proponents do not use the original rationale of limited supply concept to talk up the bitcoin prices anymore.  Conversely, they will continue to keep talking up the bitcoin prices and won't warn the investors about the downfalls.

Ask yourself the following questions now.

Did the proponents warn you about the potential price fall when bitcoin was near US$20k? NO!
Did the proponents warn you about future price fall when bitcoin was at US$10k? NO!
Did the proponents warn you about further price fall when bitcoin was at US$5k? NO!

For your information, the bitcoin price is around US$3,500 now.

When the prices fell by 50% each time, they only encouraged you to buy more instead.  Why would you still want to trust or believe in them then?  Blind faith is a dangerous thing and will cause you big financial losses.

Please read our posting below to have a proper understanding of cryptocurrency before you really want to invest in crypto.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html



Monday, January 21, 2019

CSE Global - Stock calls


Date Analyst Company Last Target Call Valuation
01/12/18 CIMB CSE Global 0.37 0.31 Reduce PER10x CY19
02/26/18 Lim & Tan CSE Global 0.345 0 Buy
02/27/18 CIMB CSE Global 0.37 0.39 Hold PER12x CY19
03/08/18 CIMB CSE Global 0.37 0.39 Hold PER12x CY19
04/17/18 CIMB CSE Global 0.42 0.44 Hold
04/30/18 Lim & Tan CSE Global 0.42 0.55 Buy DCF & DDM & RV
05/02/18 UOB Kay Hian CSE Global 0.415 0.58 Buy PER15x FY19
05/10/18 UOB Kay Hian CSE Global 0.44 0.61 Buy PER15x FY19
05/14/18 CIMB CSE Global 0.46 0.5 Add
06/04/18 UOB Kay Hian CSE Global 0.465 0.61 Buy
07/04/18 UOB Kay Hian CSE Global 0.425 0.61 Buy
07/18/18 CIMB CSE Global 0.44 0.5 Add PER13.5x CY19
08/15/18 CIMB CSE Global 0.45 0.5 Add PER13.5x CY19
08/15/18 UOB Kay Hian CSE Global 0.45 0.58 Buy PER15x FY19
09/03/18 UOB Kay Hian CSE Global 0.445 0.58 Buy
09/11/18 UOB Kay Hian CSE Global 0.435 0.59 Buy PER15x FY19
10/03/18 UOB Kay Hian CSE Global 0.49 0.59 Buy
10/08/18 Amfrasers CSE Global 0.48 0.57 Buy PER12.5x FY19 & PB2.1x FY19
10/11/18 DMG & Partners CSE Global 0.475 0.59 Buy DCF
11/02/18 UOB Kay Hian CSE Global 0.45 0.59 Buy PER15x FY19
11/08/18 CIMB CSE Global 0.455 0.5 Add PER13.5x FY19
11/08/18 Lim & Tan CSE Global 0.455 0 Buy
11/09/18 DMG & Partners CSE Global 0.455 0.59 Buy DCF
12/04/18 UOB Kay Hian CSE Global 0.44 0.59 Buy
01/04/19 UOB Kay Hian CSE Global 0.385 0.59 Buy
01/07/19 DMG & Partners CSE Global 0.395 0.59 Buy DCF
01/11/19 Lim & Tan CSE Global 0.395 0 Buy
01/15/19 CIMB CSE Global 0.405 0.56 Add PER13.5x FY20

Cromwell Reit (EUR) - Stock calls


Date Analyst Company Last Target Call Valuation
01/02/18 UBS Cromwell Reit (EUR) 0.555 0.62 Buy
01/02/18 Goldman Sachs Cromwell Reit (EUR) 0.555 0.58 Neutral DCF
03/19/18 DBS Vickers Cromwell Reit (EUR) 0.56 0.63 Buy
04/10/18 DBS Vickers Cromwell Reit (EUR) 0.59 0.63 Buy DCF
05/11/18 DBS Vickers Cromwell Reit (EUR) 0.61 0.66 Buy DCF
08/14/18 DBS Vickers Cromwell Reit (EUR) 0.595 0.66 Buy DCF

Creative Technology - Stock calls


Date Analyst Company Last Target Call Valuation
03/01/18 DBS Vickers Creative Tech 4.02 5.56 Not Rated
05/11/18 Lim & Tan Creative Tech 5.85 0 Sell

Stock calls for 21 January 2019


Date Analyst Company Last Target Call Valuation
01/21/19 DBS Vickers China Everbright 0.345 0.475 Buy PER15x FY19
01/21/19 CIMB ESR-Reit 0.53 0.62 Add DDM
01/21/19 OCBC ESR-Reit 0.53 0.575 Buy
01/21/19 OCBC Frasers Commercial Trust 1.45 1.56 Buy
01/21/19 CIMB Frasers Commercial Trust 1.45 1.5 Hold DDM
01/21/19 Lim & Tan Frasers Commercial Trust 1.45 0 Hold
01/21/19 DBS Vickers SIIC 0.29 0.32 Hold PER13x FY19

Sunday, January 20, 2019

The ICO downfall.

https://www.coindesk.com/how-blockex-went-from-a-24-million-ico-to-layoffs-in-less-than-a-year

Many such ICO predicaments will start to surface this year because the ICO issuers piggybacked their tokens onto other cryptos.  The ethereum price fall had caused this ICO fundraising to dwindle from £20m to £5.5m and many ICO investors had sustained massive losses for this ICO.

This financial risk had been highlighted and validated by the binomial theorem in our financial analysis posting below.  The ICO issuers will never highlight this financial risk to the ICO applicants.  Therefore, it is important that the neophyte investors read our posting first before making any crypto and ICO investments.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

ICO listings have continued to drop continuously.

https://cointelegraph.com/news/icos-raised-160-million-in-first-half-of-january-report-says

As expected and forewarned by us, the number of ICO listings has continued to drop as more people get educated about cryptos and ICOs.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

Many neophyte investors have lost a lot of money in ICOs because they are ignorant about the financial risks and the ICO structures.  Therefore, it is important for such investors to read our aforesaid posting to have a full grasp of cryptos and ICOs.

The year 2019 will be a dicey period for cryptos and ICOs because many ICO projects will fail and cause huge volatilities for the crypto markets.  Many ICO scams will be declared this year!

When a highly successful ICO like basis which was backed by prominent VCs could collapse, other ICOs won't stand a good chance to succeed either.

http://sg-stock.blogspot.com/2018/12/a-successful-ico-basis-has-collapsed.html



Saturday, January 19, 2019

Renminbi (RMB) is appreciating abnormally!

RMB has been appreciating but this is an abnormal behaviour because China economic growth is weakening and the central bank has been increasing the monetary supply.

The central bank has lowered the bank reserve requirement ratio to encourage lending and also pumped US$83b into the financial system.


Therefore, the RMB shouldn't be appreciated at all under normal circumstances.

What is/are causing RMB to appreciate then?

The proximate cause is the US Fed.  The US Fed had become dovish recently by stating that it would be patient in hiking rates.  The Fed's patience might be due to Trump and/or the economic data.  This caused the USD to depreciate against other major currencies.  Consequently, hungry investors are going after higher investment returns by snatching up assets and investments in China since US interest rates are not going to spike much in 2019.

Baltic dry index - 1112

Today, Friday, January 18 2019, the Baltic Dry Index climbed by 35 points, reaching 1112 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
====================
Related stocks: Sesmbcorp Marine, Cosco & Pan Oeean

US rig count - 1050

The US drilling rig count dropped 25 units to reach 1,050 rigs working for the week ended Jan. 18. The count is up 114 units from the 936 rigs working this time a year ago, according to Baker Hughes data.
Twenty-three fewer rigs were drilling on land week-over-week, bringing the number to 1,029. Two fewer rigs were counted offshore, bringing to 19 the total number of units drilling. Inland waters were unchanged at 2 rigs working for the week.
US oil-directed rigs dropped 21 units from last week to 852 units working but remained up from the 747 rigs drilling for oil this week a year ago. Gas-directed rigs were down 4 units at 198, and up from the 189 units drilling for gas a year ago.
Among the major oil and gas-producing states, Texas was down 11 rigs to 521 units working. Oklahoma was down 10 units to 126. California, down 3 units this week, reached 7 rigs working. Louisiana and Kansas, with respective counts of 61 and 1, were down 2 units each. Pennsylvania, at 48 this week, and Colorado, at 34, were down 1 rig each.
Utah was unchanged this week at 6 units working.
Six states were up 1 unit. These were New Mexico, 108; North Dakota, 54; Wyoming, 34; Ohio, 17; West Virginia, 15; and Alaska, 10.
Canada has added 25 rigs for the week. While the jump puts the total number of rigs running at 209, the count is less than the 325 units drilling this week a year ago.
The number of oil-directed rigs in Canada increased by 25, bringing the count to 128 rigs for the week. Gas-directed rigs were unchanged at 81 units.
===================
Related stocks:  Keppel Corp, Sembcorp Marine & Cosco

Friday, January 18, 2019

Courts Asia - Stock calls


Date Analyst Company Last Target Call Valuation
06/04/18 Lim & Tan CourtsAsia 0.215 0 Hold

Comfortdelgro - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/18 Amfrasers Comfortdelgro 2.01 2.24 Buy PER16x FY18
01/04/18 phillip Comfortdelgro 2.02 2.63 Buy DCF
01/04/18 OCBC Comfortdelgro 2.02 2.05 Hold
01/11/18 Kim Eng Comfortdelgro 1.99 2.4 Buy DCF
01/18/18 UOB Kay Hian Comfortdelgro 2.03 2.25 Buy PER16.6x
01/19/18 CIMB Comfortdelgro 2.01 2.15 Hold
02/02/18 OCBC Comfortdelgro 2.15 2.12 Hold
02/13/18 UOB Kay Hian Comfortdelgro 2.01 2.25 Buy PER16.6x
02/14/18 DBS Vickers Comfortdelgro 2.01 2.12 Hold DCF & PER
02/14/18 Kim Eng Comfortdelgro 2.01 2.35 Buy DCF
02/14/18 OCBC Comfortdelgro 2.01 2.25 Buy
02/14/18 CIMB Comfortdelgro 2.01 2.16 Hold DCF
02/14/18 Lim & Tan Comfortdelgro 2.01 0 Buy on weakness
02/14/18 DMG & Partners Comfortdelgro 2.01 2.05 Neutral DCF
02/14/18 phillip Comfortdelgro 2.01 2.5 Buy DCF, PER17.4x FY18
02/15/18 DMG & Partners Comfortdelgro 2.02 1.98 Neutral DCF
03/09/18 Kim Eng Comfortdelgro 2.06 2.35 Buy DCF
03/21/18 OCBC Comfortdelgro 2.02 2.25 Buy
03/22/18 phillip Comfortdelgro 2 2.5 Buy
03/26/18 DBS Vickers Comfortdelgro 1.99 2.12 Hold
03/27/18 CIMB Comfortdelgro 2.04 2.16 Hold DCF
03/29/18 UOB Kay Hian Comfortdelgro 2 2.25 Buy PER16.6x
04/06/18 OCBC Comfortdelgro 2.07 2.25 Buy
04/06/18 Deutsche Comfortdelgro 2.07 2.4 Hold
05/02/18 Amfrasers Comfortdelgro 2.25 2.72 Buy PER19x FY18
05/10/18 phillip Comfortdelgro 2.34 2.5 Buy
05/14/18 phillip Comfortdelgro 2.33 2.48 Accumulate DCF, PER17.8x FY18
05/14/18 UOB Kay Hian Comfortdelgro 2.33 2.43 Buy PER16.6x FY19
05/14/18 DBS Vickers Comfortdelgro 2.33 2.12 Hold
05/14/18 OCBC Comfortdelgro 2.33 2.5 Buy
05/14/18 CIMB Comfortdelgro 2.33 2.37 Hold DCF
05/14/18 DMG & Partners Comfortdelgro 2.33 2.2 Neutral DCF
05/15/18 Kim Eng Comfortdelgro 2.34 2.65 Buy
05/15/18 Deutsche Comfortdelgro 2.34 3 Buy
06/07/18 DBS Vickers Comfortdelgro 2.47 2.12 Hold
06/08/18 phillip Comfortdelgro 2.46 2.69 Accumulate
06/08/18 OCBC Comfortdelgro 2.46 2.5 Hold
07/03/18 UOB Kay Hian Comfortdelgro 2.26 2.43 Buy
07/04/18 DBS Vickers Comfortdelgro 2.3 2.59 Buy DCF & PER18x FY18/19
07/10/18 phillip Comfortdelgro 2.32 2.69 Accumulate
07/10/18 Deutsche Comfortdelgro 2.32 2.7 Buy
08/10/18 DBS Vickers Comfortdelgro 2.37 2.59 Buy
08/13/18 phillip Comfortdelgro 2.38 2.78 Accumulate DCF, PER19.7x FY18
08/13/18 UOB Kay Hian Comfortdelgro 2.38 2.59 Buy PER16.8x FY19
08/13/18 DMG & Partners Comfortdelgro 2.38 2.35 Neutral DCF
08/13/18 OCBC Comfortdelgro 2.38 2.5 Hold
08/13/18 CIMB Comfortdelgro 2.38 2.75 Add DCF, PER18.1x FY19
08/14/18 Amfrasers Comfortdelgro 2.35 2.72 Buy PER19x FY18
09/04/18 OCBC Comfortdelgro 2.3 2.5 Hold
09/04/18 DBS Vickers Comfortdelgro 2.3 2.59 Buy
09/11/18 phillip Comfortdelgro 2.23 2.78 Accumulate
10/09/18 DMG & Partners Comfortdelgro 2.36 2.35 Neutral
10/11/18 UOB Kay Hian Comfortdelgro 2.25 2.59 Buy PER16.8x FY19
10/11/18 CIMB Comfortdelgro 2.25 2.75 Add DCF
10/16/18 Amfrasers Comfortdelgro 2.12 2.72 Buy PER19x FY18
10/31/18 DBS Vickers Comfortdelgro 2.22 2.59 Buy
11/05/18 DBS Vickers Comfortdelgro 2.32 2.59 Buy
11/08/18 Deutsche Comfortdelgro 2.36 1.7 Sell PER12x FY19
11/09/18 UOB Kay Hian Comfortdelgro 2.2 2.59 Buy PER16.8x FY19
11/12/18 phillip Comfortdelgro 2.18 2.69 Buy DCF, PER19.2x FY18
11/12/18 DBS Vickers Comfortdelgro 2.18 2.56 Buy PER16x FY19
11/12/18 DMG & Partners Comfortdelgro 2.18 2.35 Neutral PER15x FY19
11/12/18 OCBC Comfortdelgro 2.18 2.29 Hold
11/12/18 CIMB Comfortdelgro 2.18 2.74 Add DCF, PER17.7x FY19
11/13/18 Amfrasers Comfortdelgro 2.21 2.72 Buy PER19x FY18
12/05/18 DMG & Partners Comfortdelgro 2.12 2.35 Neutral

CNMC - Stock calls


Date Analyst Company Last Target Call Valuation
02/27/18 phillip CNMC 0.26 0.3 Accumulate DCF
03/07/18 NRA CNMC 0.27 0.375 Overweight FCFE
05/17/18 phillip CNMC 0.275 0.42 Buy DCF
07/03/18 Amfrasers CNMC 0.27 0.38 Buy PER10x FY19
08/20/18 phillip CNMC 0.23 0.29 Buy DCF
08/20/18 Amfrasers CNMC 0.23 0.33 Buy
11/16/18 phillip CNMC 0.22 0.29 Buy DCF
11/16/18 Amfrasers CNMC 0.22 0.33 Buy

Stock calls for 18 January 2019


Date Analyst Company Last Target Call Valuation
01/18/19 Lim & Tan ESR-Reit 0.53 0 Hold
01/18/19 OCBC First Reit 1.01 0.97 Hold
01/18/19 CIMB First Reit 1.01 1.2 Add DDM
01/18/19 DBS Vickers Frasers Commercial Trust 1.47 1.7 Buy
01/18/19 CIMB Mapletree Industrial 1.99 2.1 Add DDM
01/18/19 DMG & Partners Thai Beverage 0.715 0.85 Buy Sum of parts

Thursday, January 17, 2019

Cityneon - Stock calls


Date Analyst Company Last Target Call Valuation
01/05/18 DBS Vickers Cityneon 0.97 1.45 Buy
01/09/18 UOB Kay Hian Cityneon 0.97 1.55 Buy PER15.4x FY18
02/20/18 UOB Kay Hian Cityneon 1.02 1.55 Buy
02/28/18 Kim Eng Cityneon 1.1 1.55 Buy
03/01/18 UOB Kay Hian Cityneon 1.04 1.55 Buy PER15.4x FY18
03/01/18 DBS Vickers Cityneon 1.04 1.45 Buy PER14.4x FY18
03/05/18 Amfrasers Cityneon 1.06 1.54 Buy PER14x FY18
03/15/18 CIMB Cityneon 1.11 1.58 Add PER14x FY19
05/03/18 DBS Vickers Cityneon 1.05 1.6 Buy PER14.4x FY18
05/03/18 CIMB Cityneon 1.05 1.58 Add PER14x CY19
05/15/18 UOB Kay Hian Cityneon 1.06 1.55 Buy PER15.4x FY18
05/15/18 CIMB Cityneon 1.06 1.16 Hold PER11x FY19
05/18/18 Amfrasers Cityneon 1 1.54 Buy PER14x FY18
05/23/18 UOB Kay Hian Cityneon 0.99 1.55 Buy
06/04/18 UOB Kay Hian Cityneon 0.98 1.55 Buy
08/06/18 DBS Vickers Cityneon 1.02 1.57 Buy PER14.4x
08/21/18 Amfrasers Cityneon 1.13 1.51 Buy PER14x FY18
10/30/18 CIMB Cityneon 1.26 1.16 Accept Offer PER11x FY19, Offer $1.30
10/31/18 DBS Vickers Cityneon 1.29 1.57 Accept Offer Offer $1.30

City Developments - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/18 UOB Kay Hian City Developments 12.84 14.03 Buy
01/05/18 Jefferies City Developments 12.86 14.8 Buy
01/15/18 OCBC City Developments 13.04 15.3 Buy RNAV (10% discount)
01/16/18 CIMB City Developments 13.46 13.15 Add
01/16/18 Kim Eng City Developments 13.46 13.8 Buy RNAV (6% discount), PB1.26x
01/16/18 Deutsche City Developments 13.46 16 Buy
02/07/18 OCBC City Developments 12.76 15.3 Buy
02/07/18 Credit Suisse City Developments 12.76 16.3 Outperform
02/13/18 UOB Kay Hian City Developments 12.31 14.03 Buy RNAV
02/19/18 DBS Vickers City Developments 12.72 14.03 Buy
03/01/18 Kim Eng City Developments 12.76 14.2 Buy RNAV
03/01/18 Jefferies City Developments 12.76 15.2 Buy
03/01/18 UOB Kay Hian City Developments 12.76 14.03 Buy RNAV
03/01/18 OCBC City Developments 12.76 15.91 Buy RNAV
03/01/18 CIMB City Developments 12.76 13.44 Add RNAV (20% discount)
03/05/18 phillip City Developments 12.69 13.4 Accumulate RNAV (15% discount), PB1.29x FY18
03/05/18 Credit Suisse City Developments 12.69 16.5 Outperform
03/09/18 DBS Vickers City Developments 12.94 15.4 Buy RNAV, PB1.2x
03/20/18 DMG & Partners City Developments 13.25 15 Buy RNAV (10% discount), Up froM $14.12 (RNAV 20% discount)
04/02/18 CIMB City Developments 13 13.44 Add RNAV (20% discount)
04/03/18 OCBC City Developments 13.2 15.91 Buy
04/03/18 UOB Kay Hian City Developments 13.2 14.03 Buy
04/03/18 DBS Vickers City Developments 13.2 15.4 Buy
04/10/18 DMG & Partners City Developments 12.87 15 Buy
04/11/18 Kim Eng City Developments 12.73 14.2 Buy
04/13/18 Deutsche City Developments 12.57 16 Buy
05/03/18 UOB Kay Hian City Developments 12.55 14.03 Buy RNAV
05/14/18 OCBC City Developments 12.53 15.78 Buy
05/14/18 DBS Vickers City Developments 12.53 15.4 Buy
05/14/18 CIMB City Developments 12.53 13.41 Add RNAV (20% discount)
05/14/18 DMG & Partners City Developments 12.53 15 Buy RNAV (10% discount)
05/14/18 Kim Eng City Developments 12.53 14.2 Buy
05/15/18 phillip City Developments 12.4 13.4 Accumulate RNAV (15% discount), PB1.29x FY18
05/15/18 Lim & Tan City Developments 12.4 15 Buy
05/17/18 DBS Vickers City Developments 11.97 15.4 Buy
06/04/18 UOB Kay Hian City Developments 11.25 14.03 Buy
06/06/18 Deutsche City Developments 11.48 16 Buy RNAV (12% discount) & PB1.8x FY18
06/13/18 DBS Vickers City Developments 11.52 15.4 Buy
06/19/18 Kim Eng City Developments 11.22 14.2 Buy
06/19/18 CIMB City Developments 11.22 13.41 Add
06/26/18 OCBC City Developments 11 15.78 Buy
07/03/18 UOB Kay Hian City Developments 10.88 14.03 Buy
07/03/18 DMG & Partners City Developments 10.88 15 Buy RNAV (10% discount)
07/06/18 CIMB City Developments 10.21 13.41 Add
07/06/18 Kim Eng City Developments 10.21 14.2 Buy
07/06/18 Deutsche City Developments 10.21 12.6 Hold
07/09/18 phillip City Developments 9.46 12.6 Accumulate RNAV (20% discount)
07/09/18 DBS Vickers City Developments 9.46 10 Fully Valued RNAV (35% discount)
07/09/18 OCBC City Developments 9.46 9.59 Hold
07/09/18 Kim Eng City Developments 9.46 10.4 Hold
07/23/18 DMG & Partners City Developments 10.06 10.4 Neutral RNAV (35% discount)
07/23/18 Jefferies City Developments 10.06 11 Hold RNAV (22% discount)
08/08/18 OCBC City Developments 9.88 9.59 Hold
08/10/18 UOB Kay Hian City Developments 9.89 12 Buy RNAV (15% discount)
08/10/18 CIMB City Developments 9.89 10.89 Add RNAV (35% discount)
08/10/18 OCBC City Developments 9.89 9.81 Hold
08/10/18 Lim & Tan City Developments 9.89 0 Hold
08/10/18 DBS Vickers City Developments 9.89 10 Hold RNAV (35% discount)
08/16/18 DMG & Partners City Developments 9.55 10.4 Neutral
08/21/18 Jefferies City Developments 9.49 11 Hold RNAV (22% discount)
09/06/18 Kim Eng City Developments 8.96 10.4 Hold
09/14/18 UOB Kay Hian City Developments 8.63 12 Buy RNAV (15% discount)
09/18/18 CIMB City Developments 8.8 10.89 Add
09/25/18 Deutsche City Developments 8.88 12.6 Hold
10/02/18 CIMB City Developments 9.05 10.89 Add
11/05/18 DBS Vickers City Developments 8.55 10 Hold
11/09/18 UOB Kay Hian City Developments 8.42 12.12 Buy RNAV (15% discount)
11/09/18 CIMB City Developments 8.42 10.65 Add RNAV (35% discount)
11/09/18 Lim & Tan City Developments 8.42 0 Buy
11/09/18 DMG & Partners City Developments 8.42 9.2 Neutral
11/12/18 OCBC City Developments 8.45 10.73 Buy
12/07/18 Lim & Tan City Developments 8.65 0 Buy
12/11/18 DBS Vickers City Developments 8.42 9.5 Hold RNAV (40% discount), PB0.9x FY18
01/04/19 Lim & Tan City Developments 7.94 0 Buy
01/17/19 CIMB City Developments 8.85 10.65 Add RNAV (35% discount)

Citic Envirotech - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/18 UOB Kay Hian Citic Envirotech 0.75 1.1 Buy
01/09/18 UOB Kay Hian Citic Envirotech 0.74 1.09 Buy DCF
02/12/18 UOB Kay Hian Citic Envirotech 0.705 1.11 Buy DCF, PER11.1x FY19
02/28/18 UOB Kay Hian Citic Envirotech 0.755 1.06 Buy DCF, PER11.6x FY19
03/02/18 UOB Kay Hian Citic Envirotech 0.735 1.06 Buy
04/03/18 UOB Kay Hian Citic Envirotech 0.715 1.06 Buy DCF, PER11.6x FY19
05/03/18 UOB Kay Hian Citic Envirotech 0.705 1.06 Buy DCF, PER11.6x FY19
06/20/18 UOB Kay Hian Citic Envirotech 0.56 1.06 Buy DCF, PER11.6x FY19
07/27/18 DBS Vickers Citic Envirotech 0.59 0.95 Buy PER20x FY19

Stock calls for 17 January 2019


Date Analyst Company Last Target Call Valuation
01/17/19 Kim Eng A-Reit 2.74 2.95 Buy
01/17/19 Kim Eng CDL Hospitality 1.56 1.75 Buy
01/17/19 DBS Vickers Chip Eng Seng 0.705 0.75 Hold
01/17/19 CIMB City Developments 8.85 10.65 Add RNAV (35% discount)
01/17/19 Lim & Tan First Reit 1.03 0 Neutral
01/17/19 Kim Eng Frasers Centrepoint Trust 2.27 2.55 Buy
01/17/19 DBS Vickers Frasers Property 1.74 1.98 Buy RNAV (35% discount)
01/17/19 Kim Eng IHH Healthcare 1.86 2.13 Buy Sum of parts, Ringgit $6.45 target price
01/17/19 OCBC Mapletree Industrial 1.97 2.04 Hold
01/17/19 DBS Vickers Roxy-Pacific 0.405 0.39 Hold
01/17/19 UOB Kay Hian SIA 9.76 10.2 Hold Sum of parts, Buy @ $9
01/17/19 DBS Vickers UOL 6.65 7.15 Hold