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Tuesday, September 25, 2018

US risk-free rate is set to go much higher.

The US 10-year treasury yield has been consistently above 3% recently and is poised to go much higher because the US Fed will increase interest rates in the next Fed meeting.

A higher interest rate is bad for stocks because the future cash flow has to be discounted with a higher risk-free rate and this will make the stock valuation overly high.

Monday, September 24, 2018

China has started the new tariffs against US goods today.

https://sg.finance.yahoo.com/news/china-hikes-tariffs-us-imports-060526902.html

The US will also start its new tariffs against China goods tonight after China starts to impose the new tariffs.

Dairy Farm - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners Dairy Farm 7.19 8.6 Buy DCF, PER21x FY17
01/12/17 DMG & Partners Dairy Farm 7.26 8.5 Buy DCF
01/20/17 CIMB Dairy Farm 7.37 8.7 Add
03/03/17 CIMB Dairy Farm 8.44 9.18 Add PER23.7x CY18
03/06/17 DBS Vickers Dairy Farm 8.51 9.96 Buy Sum of parts
03/06/17 DMG & Partners Dairy Farm 8.51 10 Buy DCF
03/06/17 Lim & Tan Dairy Farm 8.51 0 Hold PER23x
03/16/17 DIR Dairy Farm 8.95 10.3 Outperform PER26.5x FY17
05/02/17 DMG & Partners Dairy Farm 8.9 10 Buy
05/05/17 CIMB Dairy Farm 8.89 9.18 Add PER23.7x CY18
06/16/17 DMG & Partners Dairy Farm 8.04 10 Buy DCF, PER26x FY17
06/30/17 DIR Dairy Farm 7.92 10.5 Buy PER26.5x FY17
07/04/17 DMG & Partners Dairy Farm 7.95 10 Buy
07/10/17 DBS Vickers Dairy Farm 8.14 9.96 Buy
08/02/17 DMG & Partners Dairy Farm 8.02 10 Buy
08/04/17 CIMB Dairy Farm 8.06 9.18 Add PER23.7x CY18
08/07/17 DIR Dairy Farm 7.72 10 Buy PER26.5x FY18
08/07/17 DMG & Partners Dairy Farm 7.72 9.53 Buy DCF
08/10/17 DBS Vickers Dairy Farm 7.81 9.89 Buy Sum of parts
09/14/17 DIR Dairy Farm 8.06 10 Buy PER26.5x FY18
09/27/17 phillip Dairy Farm 7.48 9.89 Buy Sum of parts
11/29/17 DMG & Partners Dairy Farm 8.31 9.53 Buy
12/04/17 phillip Dairy Farm 8.08 9.89 Buy
12/19/17 DMG & Partners Dairy Farm 7.94 9.53 Buy
01/04/18 DMG & Partners Dairy Farm 7.9 9.53 Buy DCF
02/19/18 DMG & Partners Dairy Farm 8.38 9.53 Buy DCF
03/09/18 CIMB Dairy Farm 8.21 8.4 Hold PER21x CY19
03/12/18 phillip Dairy Farm 8.03 9.83 Buy Sum of parts
03/12/18 Lim & Tan Dairy Farm 8.03 0 Hold PER20x & 2.62% yield
03/13/18 DBS Vickers Dairy Farm 8.09 9.54 Buy Sum of parts
03/27/18 DMG & Partners Dairy Farm 9.1 9.16 Buy DCF
03/28/18 DBS Vickers Dairy Farm 8 9.77 Buy Sum of parts
04/16/18 phillip Dairy Farm 8.27 9.83 Buy
04/16/18 DMG & Partners Dairy Farm 8.27 9.16 Buy
05/21/18 DMG & Partners Dairy Farm 8.6 9.66 Buy DCF
05/31/18 CIMB Dairy Farm 8.95 9.55 Add
06/05/18 DBS Vickers Dairy Farm 8.9 9.77 Buy
06/22/18 DMG & Partners Dairy Farm 8.83 9.66 Buy
07/16/18 phillip Dairy Farm 9.29 9.83 Buy
07/27/18 DBS Vickers Dairy Farm 9.23 9.35 Hold Sum of parts
07/30/18 DMG & Partners Dairy Farm 9.15 9.6 Neutral DCF
07/30/18 CIMB Dairy Farm 9.15 9.55 Hold PER23.5x CY19
08/30/18 DMG & Partners Dairy Farm 9.2 9.6 Neutral
09/14/18 CIMB Dairy Farm 9.1 9.55 Hold

CSE Global - Stock calls


Date Analyst Company Last Target Call Valuation
02/27/17 CIMB CSE Global 0.485 0.59 Add PER12x FY18
02/27/17 DBS Vickers CSE Global 0.485 0.46 Hold PER9.6x, Ex-Cash
03/13/17 CIMB CSE Global 0.495 0.59 Add PER12x FY18
03/13/17 OCBC CSE Global 0.495 0.44 Hold
05/15/17 CIMB CSE Global 0.5 0.56 Add PER12x FY18
06/15/17 OCBC CSE Global 0.475 0.45 Hold
07/25/17 CIMB CSE Global 0.43 0.39 Reduce PER10x FY18
08/14/17 CIMB CSE Global 0.395 0.32 Reduce PER10x FY18
11/10/17 CIMB CSE Global 0.345 0.31 Reduce PER10x CY19
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

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

Stock calls for 24 September 2018


Date Analyst Company Last Target Call Valuation
09/24/18 OCBC M1 1.63 1.65 Hold
09/24/18 Kim Eng M1 1.63 1.63 Hold DCF
09/24/18 OCBC Raffles Medical 1.1 1.26 Buy
09/24/18 phillip Sembcorp Industries 3.03 3.7 Buy
09/24/18 CIMB Valuetronics 0.68 0.95 Add PER10x CY19
09/24/18 Kim Eng Valuetronics 0.68 1.05 Buy ROE-g/COE-g, PB2.3x FY19
09/24/18 Lim & Tan Wheelock Properties 2.17 2.1 Accept Offer For Short-Term Investors

Sunday, September 23, 2018

China central bank had reduced offshore CNY supply recently.


The overnight rate for offshore CNY on 20 Sep 2018 was 2.953% but it jumped to 4.562% after China intervened in the money market using its SLF & MLF.


China central bank had created a shortage of CNY offshore and caused the overnight rate to spike tremendously.  This is to prevent the renminbi from depreciating further because investors will find it more expensive to short the CNY.

Saturday, September 22, 2018

China has called off the trade talk with the USA.

https://sg.finance.yahoo.com/news/china-said-call-off-high-021200854.html

As predicted, China has called off the trade talk with the USA and we're back to square one.

https://sg-stock.blogspot.com/2018/09/look-like-upcoming-us-china-trade-talk.html

Baltic dry index - 1413

Today, Friday, September 21 2018, the Baltic Dry Index climbed by 17 points, reaching 1413 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.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

US rig count - 1053

HOUSTON, Sept. 21 (Xinhua) -- The number of active drilling rigs in the United States decreased by two to 1,053 this week, or 118 more than that this time last year, showed weekly data released by Baker Hughes on Friday.
The Houston-based oilfield services company reported that the U.S. state of Texas led the gain with increasing by six rigs, while Oklahoma decreased the most by three.
The number of rigs operating in U.S. oil fields declined by one to a total of 866 rigs this week, and more than half of the oil rigs were located in the Permian Basin region of western Texas and southeastern New Mexico. The number of rigs drilling for gas remained level at 186 this week. The count of miscellaneous rigs decreased by one.
U.S. oil prices gained 0.65 percent Friday ahead of meeting of Joint Ministerial Monitoring Committee (JMMC) with Organization of the Petroleum Exporting Countries (OPEC) and its partners in Algiers scheduled on the coming Sunday.
The West Texas Intermediate (WTI) for November delivery grew 0.46 U.S. dollar to settle at 70.78 dollars a barrel on the New York Mercantile Exchange on Friday. Meanwhile, Brent oil for November delivery inched up 0.13 percent to 78.8 dollars per barrel.
=======================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

Friday, September 21, 2018

Creative Tech - 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

Courts Asia - Stock calls


Date Analyst Company Last Target Call Valuation
02/08/17 DBS Vickers CourtsAsia 0.435 0.51 Buy PER10x FY17/18
06/30/17 CIMB CourtsAsia 0.43 0.6 Add PER10.2x CY18
06/30/17 DBS Vickers CourtsAsia 0.43 0.5 Buy
08/14/17 DBS Vickers CourtsAsia 0.425 0.49 Buy PER10x FY18
11/13/17 DBS Vickers CourtsAsia 0.345 0.36 Hold PER10x FY19
06/04/18 Lim & Tan CourtsAsia 0.215 0 Hold

Cosco - Stock calls


Date Analyst Company Last Target Call Valuation
02/27/17 DBS Vickers Cosco 0.28 0.27 Hold PB1.8x FY16
05/08/17 DBS Vickers Cosco 0.285 0.27 Hold PB1.2x
07/21/17 DBS Vickers Cosco 0.31 0.27 Hold
08/08/17 DBS Vickers Cosco 0.3 0.27 Hold DCF
11/07/17 DBS Vickers Cosco 0.355 0.33 Hold PB1.4x

Stock calls for 21 September 2018


Date Analyst Company Last Target Call Valuation
09/21/18 CIMB ART 1.09 1.12 Hold
09/21/18 DBS Vickers ART 1.09 1.25 Buy
09/21/18 UOB Kay Hian Keppel Corp 6.8 7.37 Hold Buy @ $6.60
09/21/18 DMG & Partners Thai Beverage 0.67 0.88 Buy

Hong Kong is going to raise interest rate soon.

https://www.bloombergquint.com/global-economics/2018/09/21/hong-kong-s-dollar-suddenly-strengthens-by-the-most-in-a-year#gs.J3fp_KQ

This is bad news for interest-rate sensitive industries especially for the property industry because HSI is heavily weighted towards the property stocks.

Noble group is sued for fraud!

https://splash247.com/noble-group-sued-for-fraud/

Poor thing! Noble had just successfully restructured its debt and would have to face a lawsuit.

Fraud is a criminal offence and if Noble is found to be guilty, CAD will also take action in Singapore because Noble is listed here.

Thursday, September 20, 2018

The USA has shut down a few solar observatory stations!

https://edition.cnn.com/2018/09/15/us/national-solar-observatory-closed-evacuated-trnd/index.html

There is a rumour that some solar observatory stations have captured alien spaceships around the sun.  Therefore, FBI has given the order to shut down those solar observatory stations around the world.

Comfortable - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 CIMB Comfortdelgro 2.47 2.91 Add DCF CY17
01/03/17 DMG & Partners Comfortdelgro 2.47 3.24 Buy DCF
01/04/17 OCBC Comfortdelgro 2.5 2.95 Buy DCF
01/05/17 Credit Suisse Comfortdelgro 2.51 3.6 Outperform
01/06/17 UBS Comfortdelgro 2.53 3.43 Buy
01/12/17 DIR Comfortdelgro 2.53 3.67 Buy DCF
02/06/17 Credit Suisse Comfortdelgro 2.37 3.6 Outperform
02/13/17 CIMB Comfortdelgro 2.51 2.91 Add DCF
02/13/17 Credit Suisse Comfortdelgro 2.51 3.35 Outperform
02/13/17 DBS Vickers Comfortdelgro 2.51 2.94 Buy DCF & PER
02/13/17 DIR Comfortdelgro 2.51 3.51 Buy DCF
02/13/17 DMG & Partners Comfortdelgro 2.51 3 Buy DCF
02/13/17 OCBC Comfortdelgro 2.51 2.95 Buy
02/13/17 phillip Comfortdelgro 2.51 2.94 Accumulate DCF, PER19.8x FY17
02/13/17 UOB Kay Hian Comfortdelgro 2.51 2.47 Hold PER16.5x, Buy @ $2.20
03/06/17 Credit Suisse Comfortdelgro 2.51 3.35 Outperform
03/06/17 Nomura Comfortdelgro 2.51 2.56 Neutral
03/17/17 DBS Vickers Comfortdelgro 2.53 2.94 Buy
03/27/17 OCBC Comfortdelgro 2.52 2.95 Buy
03/30/17 UOB Kay Hian Comfortdelgro 2.6 2.47 Hold PER16.5x, Buy @ $2.35
04/04/17 OCBC Comfortdelgro 2.58 2.95 Buy
04/07/17 Credit Suisse Comfortdelgro 2.63 3.35 Outperform
04/12/17 DIR Comfortdelgro 2.63 3.51 Buy DCF
04/19/17 Deutsche Comfortdelgro 2.66 2.9 Buy
04/20/17 DBS Vickers Comfortdelgro 2.61 2.94 Buy
04/20/17 OCBC Comfortdelgro 2.61 2.95 Buy
04/21/17 DIR Comfortdelgro 2.66 3.54 Buy DCF
05/12/17 DMG & Partners Comfortdelgro 2.72 3 Buy DCF
05/15/17 CIMB Comfortdelgro 2.69 2.78 Hold DCF FY17
05/15/17 Credit Suisse Comfortdelgro 2.69 3.35 Outperform
05/15/17 DBS Vickers Comfortdelgro 2.69 2.78 Hold DCF & PER15x FY17/18
05/15/17 DIR Comfortdelgro 2.69 3.49 Buy DCF
05/15/17 OCBC Comfortdelgro 2.69 2.88 Buy
05/15/17 phillip Comfortdelgro 2.69 3.02 Accumulate DCF, PER23.4x FY17
06/09/17 Deutsche Comfortdelgro 2.4 2.9 Buy DCF
06/09/17 Kim Eng Comfortdelgro 2.4 2.64 Hold PER17x FY17
06/27/17 UOB Kay Hian Comfortdelgro 2.37 2.37 Hold PER16.7x, Buy @ $2.20
07/04/17 DMG & Partners Comfortdelgro 2.3 3 Buy
07/04/17 Nomura Comfortdelgro 2.3 1.98 Reduce
07/13/17 DIR Comfortdelgro 2.28 3.49 Buy DCF
08/14/17 phillip Comfortdelgro 2.31 2.78 Buy DCF, PER20.6x FY17
08/14/17 DIR Comfortdelgro 2.31 3.36 Buy DCF
08/14/17 UOB Kay Hian Comfortdelgro 2.31 2.37 Hold PER16.6x, Buy @ $2.20
08/14/17 Credit Suisse Comfortdelgro 2.31 3.2 Outperform
08/14/17 DMG & Partners Comfortdelgro 2.31 2.6 Buy DCF
08/14/17 OCBC Comfortdelgro 2.31 2.7 Buy
08/14/17 CIMB Comfortdelgro 2.31 2.46 Hold DCF
08/14/17 Kim Eng Comfortdelgro 2.31 2.25 Hold PER16x FY17
08/15/17 DBS Vickers Comfortdelgro 2.3 2.33 Hold DCF, PER13x FY18
08/24/17 UOB Kay Hian Comfortdelgro 2.36 2.37 Hold PER16.6x, Buy @ $2.25
09/06/17 DIR Comfortdelgro 2.21 3.19 Buy DCF
09/15/17 Nomura Comfortdelgro 2.18 1.98 Reduce PER13x FY18
09/19/17 DBS Vickers Comfortdelgro 2.07 2.33 Hold DCF, PER13x FY18
09/20/17 DIR Comfortdelgro 2.01 2.09 Hold DCF
09/28/17 CIMB Comfortdelgro 1.985 2.15 Hold DCF
09/29/17 UOB Kay Hian Comfortdelgro 2.04 2.34 Buy PER16.6x
09/29/17 Kim Eng Comfortdelgro 2.04 2.4 Buy DCF, PER16.3x FY18
10/04/17 OCBC Comfortdelgro 2.04 2.12 Hold Buy @ $1.90
10/25/17 CIMB Comfortdelgro 2.03 2.15 Hold DCF
11/13/17 phillip Comfortdelgro 2 2.69 Buy DCF
11/13/17 UOB Kay Hian Comfortdelgro 2 2.25 Buy PER16.6x FY18
11/13/17 DBS Vickers Comfortdelgro 2 2.18 Hold DCF & PER15.3x FY17/18
11/13/17 Kim Eng Comfortdelgro 2 2.4 Buy DCF, PER16x FY18
11/13/17 OCBC Comfortdelgro 2 2.05 Hold Buy @ $1.90 or below
11/13/17 CIMB Comfortdelgro 2 2.15 Hold DCF
11/13/17 Lim & Tan Comfortdelgro 2 0 Hold
11/13/17 Credit Suisse Comfortdelgro 2 3.1 Outperform
11/14/17 DMG & Partners Comfortdelgro 2.1 2 Neutral DCF, PER14.5x FY18
12/11/17 CIMB Comfortdelgro 1.91 2.15 Hold
12/11/17 Kim Eng Comfortdelgro 1.91 2.4 Buy DCF
12/11/17 phillip Comfortdelgro 1.91 2.69 Buy DCF
12/11/17 UOB Kay Hian Comfortdelgro 1.91 2.25 Buy PER16.6x
12/11/17 Lim & Tan Comfortdelgro 1.91 0 Hold
12/12/17 DBS Vickers Comfortdelgro 2.03 2.18 Hold
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
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
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
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

CNMC - Stock calls


Date Analyst Company Last Target Call Valuation
01/13/17 DBS Vickers CNMC 0.45 0.65 Buy DCF & PER14x FY17
02/24/17 phillip CNMC 0.41 0.68 Buy FCFE (DDM)
02/27/17 DBS Vickers CNMC 0.415 0.6 Buy DCF & PER14x FY17
05/17/17 phillip CNMC 0.295 0.44 Buy DCF
05/18/17 DBS Vickers CNMC 0.32 0.31 Hold DCF & PER14x FY17
06/28/17 NRA CNMC 0.26 0.38 Overweight FCFE
07/26/17 NRA CNMC 0.295 0.38 Overweight
08/17/17 phillip CNMC 0.27 0.29 Neutral DCF
11/14/17 phillip CNMC 0.28 0.3 Neutral DCF
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

Cityneon - Stock calls


Date Analyst Company Last Target Call Valuation
01/13/17 DBS Vickers Cityneon 0.88 1.26 Buy
02/24/17 CIMB Cityneon 0.825 1.27 Add PER15x FY18
02/24/17 DBS Vickers Cityneon 0.825 1.26 Buy PER17x FY17
04/10/17 DBS Vickers Cityneon 0.905 1.26 Buy
05/15/17 DBS Vickers Cityneon 0.955 1.26 Buy
05/16/17 CIMB Cityneon 0.9 1.27 Add PER15x FY18
05/26/17 UOB Kay Hian Cityneon 0.935 1.28 Buy Sum of parts, PER14.7x FY18
05/30/17 DBS Vickers Cityneon 0.935 1.23 Buy
06/01/17 CIMB Cityneon 0.98 1.27 Add PER15x FY18
08/11/17 UOB Kay Hian Cityneon 0.935 1.28 Reject Offer Sum of parts, offer price $0.90
08/16/17 UOB Kay Hian Cityneon 0.935 1.28 Buy Sum of parts
08/16/17 CIMB Cityneon 0.935 1.27 Add PER15x FY18
09/04/17 UOB Kay Hian Cityneon 0.99 1.5 Buy PER15.4x FY18
09/21/17 DBS Vickers Cityneon 1.08 1.45 Buy PER14.4x FY18
11/09/17 UOB Kay Hian Cityneon 1.14 1.5 Buy
11/13/17 Amfrasers Cityneon 1.095 1.38 Buy PER15.1x FY18
11/27/17 DBS Vickers Cityneon 1.04 1.45 Buy
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