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Monday, November 19, 2018

Who is militarising in Asia?

https://www.bbc.com/news/world-asia-46247446

Australia and USA will build in a naval base in Papua New Guinea.

As usual, the US would fabricate intelligence report against China by declaring that China would build a naval base in Indo-Pacific.  However, there is no such announcement by China insofar but this has given the US a valid reason to militarise in Asia by building a new naval base in PNG.

Look like having a naval base in SG is still not enough for the USA to contain China.

US, you cannot blame China for setting up naval bases in Asia now because you're doing it first.  This will give China an excuse to militarise in Asia too because China has to protect its own interest too.

Russia will never return the Kuril islands because Kuril islands belong to Russia.

https://www.straitstimes.com/world/europe/russia-says-no-automatic-return-of-disputed-islands-to-japan?xtor=CS11-86

Japan breached the peace treaty agreement during WW2 with Russia because Japan promised not to attack the Russian territory but it did.  Therefore, Russia won't return the Kuril Islands that were promised to be given to Japan.

We had already explained this in our previous post.

https://sg-stock.blogspot.com/2016/12/putin-is-making-fool-out-of-abe-but-abe.html

China has retaliated after Australia banned China 5G technology.

https://sg.finance.yahoo.com/news/china-launches-anti-dumping-probe-australian-barley-imports-041002435--business.html

Australia should expect a tit-for-tat action from China after banning China's 5G technology.

Therefore, Australia shouldn't complain or cry foul about it because it started the trouble first.

Sunday, November 18, 2018

India intelligence review had recently revived the Thailand Kra Canal issue.

https://www.firstpost.com/world/thailands-move-on-kra-canal-alarms-new-delhi-as-route-will-boost-chinese-naval-power-in-indian-ocean-5507121.html

https://larouchepub.com/pr/2018/181110_india_rpt_kra_canal.html

What's the possibility of the Kra Canal project?

We had analyzed the Kra Canal project previously below.  Therefore, we'll just add on to our previous analysis in this post.

http://sg-stock.blogspot.com/2017/11/thailand-has-just-lost-many-golden.html


The Thai generals are very interested in the Kra Canal project because of the employment and economic benefits that it can bring to Thailand. It is estimated that the Kra Canal project can bring in US$10b per year for Thailand and Thailand can recover the construction cost of US$30b in just 3 years.  As we had stated previously, Thailand had lost the golden opportunity to earn multi-billion of revenues by not having the Kra Canal project.

The times have changed because Thailand needs China to make this Kra Canal Project viable rather than China needs Thailand for its strategic purpose.  Why? This is because China can develop its Arctic sea lane now.

http://sg-stock.blogspot.com/2017/08/ship-can-sail-through-arctic-now.html

http://sg-stock.blogspot.com/2017/04/new-arctic-shipping-route.html

Thailand needs China for the following:
Financing
Engineering
Cargo volume

China can provide the aforesaid assistance to Thailand that no other country can provide.  First of all, China can use the AIIB to provide the financing to Thailand for the project.  Then, China has the engineering capabilities to construct such a project.  As we've seen in recent years, China had built South China Sea islands and the HK-Zhuhai-Macau bridge that marveled other countries.

http://sg-stock.blogspot.com/2018/08/hong-kong-zhuhai-macau-bridge-will-open.html

Lastly, close to 80% of the cargo ships plying the Strait of Malacca are from China.  Therefore, Thailand has to let China take a majority stake in the Kra Canal project if it wants to make the project viable.  Without China, this project has a low success rate because China can bypass the Kra Canal by using the Myanmar port.  Thailand has to learn from Panama's lesson.  Panama also involved China because China had become a major customer.

http://sg-stock.blogspot.com/2018/11/china-and-myanmar-have-signed-port-deal.html

http://www.ejinsight.com/20170615-why-panama-needs-to-befriend-china/

In conclusion, Thailand has to entice China by giving it a majority stake in exchange for the aforesaid assistance to make the project viable because China can divert its resources to develop the Arctic sea lane.  Once Thailand becomes a sea hub, it also will become a financial hub because of the gargantuan international trading activities that come with it.

Needless to say, this Kra Canal project will destroy Singapore sea hub status and affect our financial hub too.

Saturday, November 17, 2018

Baltic dry index - 1031

Today, Friday, November 16 2018, the Baltic Dry Index climbed by 11 points, reaching 1031 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: Sembcorp Marine, Cosco & Pan Ocean.

US rig count - 1082

The US drilling rig count is up 1 unit to 1,082 rigs working for the week ended Nov. 16, according to Baker Hughes data. The count is up 167 units from the 915 rigs working this time a year ago.
At 1,058 rigs working, an additional unit was drilling on land week-over-week. Offshore units also were up by 1 to reach 22 rigs working, while those drilling in inland waters dropped a single unit to 2 rigs working for the week.
US oil-directed rigs were up 2 units from last week to 888 units working, and up from the 738 rigs drilling for oil this week a year ago. Gas-directed rigs were down a single unit at 194, and up from the 177 units drilling for gas a year ago.
Among the major oil and gas-producing states, Texas and Pennsylvania were the only two states to see a week-over-week increase. The rig count in Texas was up 3 units to reach 535 rigs running, while Pennsylvania saw a single-unit gain to reach 46.
Eight states were unchanged this week: Louisiana, 65; North Dakota, 55; Colorado, 34; Wyoming, 30; California, 15; West Virginia, 13; Alaska, 6; and Utah, 5.
Oklahoma dropped 2 units to 146, and Ohio dropped a single unit to 16.
Canada gained a single rig for the week. With 197 rigs running, the count is less than the 208 units drilling this week a year ago. The additional rig is oil-directed, bringing the count to 118 rigs for the week. Gas-directed rigs in Canada remained unchanged at 79 units.

===========================

Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

Friday, November 16, 2018

Malaysia and Thailand economies are slowing down.

https://www.marketscreener.com/news/Malaysia-s-Economic-Growth-Slows-More-Than-Expected-as-GDP-Expands-4-4-on-Year--27617096/

https://sg.finance.yahoo.com/news/thailand-third-quarter-growth-seen-slowing-tourism-exports-074439765--finance.html

The Malaysia and Thailand economies are having diminishing growth.

Let's take a snapshot of Asian economies.

Japan - Slowdown
Hong Kong - Slowdown
Malaysia - Slowdown
Thailand - Slowdown
China - Slowdown

Europe is also having a slowdown.  Sigh!

Powermatic - Stock calls


Date Analyst Company Last Target Call Valuation
03/06/18 CIMB Powermatic 1.39 2.58 Add Sum of parts, PER12.8x FY19

Perennial Reit - Stock calls


Date Analyst Company Last Target Call Valuation
02/09/17 CIMB Perennial Reit 0.81 1.08 Add RNAV (40% discount)
02/09/17 DBS Vickers Perennial Reit 0.81 1.05 Buy RNAV (50% discount)
05/09/17 DBS Vickers Perennial Reit 0.855 1.05 Buy RNAV (50% discount)
07/14/17 DBS Vickers Perennial Reit 0.885 1.05 Buy RNAV (50% discount)
08/01/17 DBS Vickers Perennial Reit 0.88 1.05 Buy RNAV (50% discount)
11/09/17 DBS Vickers Perennial Reit 0.88 1.05 Buy RNAV (50% discount)
01/04/18 DBS Vickers Perennial Reit 0.88 1.05 Buy
02/09/18 CIMB Perennial Reit 0.835 1.12 Add
02/12/18 DBS Vickers Perennial Reit 0.835 1.05 Buy RNAV (50% discount)
03/13/18 CIMB Perennial Reit 0.855 1.18 Add RNAV (40% discount)
03/14/18 DBS Vickers Perennial Reit 0.875 1.05 Buy
04/06/18 DBS Vickers Perennial Reit 0.855 1.05 Buy
05/10/18 CIMB Perennial Reit 0.86 1.18 Add RNAV (40% discount)
08/06/18 DBS Vickers Perennial Reit 0.805 1.05 Buy RNAV (50% discount)
08/07/18 CIMB Perennial Reit 0.805 0.99 Add RNAV (50% discount)
11/09/18 DBS Vickers Perennial Reit 0.685 0.83 Buy RNAV (55% discount)

PEC - Stock calls


Date Analyst Company Last Target Call Valuation
02/21/17 Amfraserss PEC 0.595 0.73 Buy
03/06/17 DBS Vickers PEC 0.64 0.73 Not Rated

Stock calls for 16 November 2018


Date Analyst Company Last Target Call Valuation
11/16/18 CIMB Capitamall Trust 2.13 2.28 Add DDM
11/16/18 phillip CNMC 0.22 0.29 Buy DCF
11/16/18 CIMB Frasers Centrepoint Trust 2.15 2.35 Add DDM
11/16/18 phillip HMI 0.545 0.77 Buy DCF
11/16/18 DBS Vickers Keppel Infrastructure 0.46 0.58 Buy DDM
11/16/18 Lim & Tan Keppel Infrastructure 0.46 0 Hold
11/16/18 CIMB Mapletree Commercial 1.62 1.67 Add DDM
11/16/18 CIMB SPH Reit 1 1.01 Hold DDM
11/16/18 OCBC Wilmar 3.22 3.42 Hold PER12.5x
11/16/18 DBS Vickers Wilmar 3.22 3.59 Buy DCF
11/16/18 DMG & Partners Wilmar 3.22 3.69 Buy

Singapore NODX grew 8.3% in October 2018.

https://www.straitstimes.com/business/economy/singapore-non-oil-exports-jump-83-in-october?xtor=CS11-86
Year on year changes (YOY):
October 2018: 8.3%
September 2018: 8.3%
August 2018: 5%
July 2018: 11.8% (Corrected)
June 2018: 1.1%
May 2018: 15.5%
April 2018: 11.8%
March 2018: -2.7%
February 2018: -5.9%
January 2018: 13%
December 2017: 3.1%
November 2017: 9.1%
October 2017: 20.9%
September 2017: -1.1%
August 2017: 16.7%
July 2017: 8.5%
June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%

China fund managers don't pin hope on the US-China trade talk during G20.

https://finance.yahoo.com/news/china-fund-managers-don-apos-040240334.html

China fund managers don't have much hope for any detente for the trade war.

What say you?

Please vote in our post below.

http://sg-stock.blogspot.com/2018/11/poll-do-you-think-that-trump-and-xi.html

Thursday, November 15, 2018

Poll - Do you think that Trump and Xi will reach a trade deal this November 2018?

https://www.channelnewsasia.com/news/asia/china-sends-written-response-to-us-trade-reform-demands-us-govt-10934110

China has responded to US demands and will engage in a trade talk in November 2018.

Do you think that the US and China will be able to reach a trade deal in the November G20 meeting?

Please vote on the Like or Dislike box below.

Like = Yes!
Dislike = No!

China CM-401 anti-ship missile.

This new anti-ship missile CM-401 has a speed of mach 6 and a range of 290km.  Currently, no missile defence system can intercept a mach 6 missile.

Although CM-401 cannot destroy an aircraft carrier with a single missile, it can easily destroy a destroyer.  Presently, China has only deployed CM-401 on the land but is still developing the CM-401 to be airborne (fighter jet) and seaborne (destroyer).

Parkway Life - Stock calls


Date Analyst Company Last Target Call Valuation
01/25/17 Lim & Tan Parkway Life 2.39 0 Accumulate
01/26/17 CIMB Parkway Life 2.4 2.58 Add DDM
01/26/17 DBS Vickers Parkway Life 2.4 2.75 Buy
01/26/17 UOB Kay Hian Parkway Life 2.4 2.5 Hold DDM
02/14/17 CIMB Parkway Life 2.45 2.58 Add
03/06/17 CIMB Parkway Life 2.44 2.58 Add
03/07/17 UOB Kay Hian Parkway Life 2.44 2.5 Hold
04/11/17 UOB Kay Hian Parkway Life 2.53 2.5 Hold
04/26/17 CIMB Parkway Life 2.6 2.71 Add DDM
04/26/17 DBS Vickers Parkway Life 2.6 2.82 Buy
05/25/17 UOB Kay Hian Parkway Life 2.58 2.82 Buy
07/26/17 CIMB Parkway Life 2.76 2.83 Add DDM
07/26/17 UOB Kay Hian Parkway Life 2.76 2.82 Buy DDM
07/26/17 Lim & Tan Parkway Life 2.76 0 Accumulate on weakness
10/23/17 UOB Kay Hian Parkway Life 2.79 2.82 Buy
11/10/17 CIMB Parkway Life 2.86 2.93 Hold DDM
11/10/17 DBS Vickers Parkway Life 2.86 3.1 Buy
11/10/17 UOB Kay Hian Parkway Life 2.86 3 Buy
12/01/17 UOB Kay Hian Parkway Life 2.9 3 Buy
01/29/18 CIMB Parkway Life 2.97 3.07 Hold DDM
01/29/18 Lim & Tan Parkway Life 2.97 0 Hold
01/29/18 DBS Vickers Parkway Life 2.97 3.15 Buy
05/02/18 CIMB Parkway Life 2.79 3.07 Hold DDM
05/02/18 UOB Kay Hian Parkway Life 2.79 3.32 Buy DDM
05/04/18 Lim & Tan Parkway Life 2.78 0 Buy
06/20/18 DBS Vickers Parkway Life 2.58 3.15 Buy
07/26/18 Lim & Tan Parkway Life 2.78 0 Buy
07/27/18 CIMB Parkway Life 2.75 3.05 Hold DDM
07/27/18 DBS Vickers Parkway Life 2.75 3.15 Buy DCF
10/25/18 UOB Kay Hian Parkway Life 2.67 3.15 Buy DDM
10/26/18 DBS Vickers Parkway Life 2.63 3.1 Buy DCF
10/26/18 CIMB Parkway Life 2.63 3.05 Hold

Pan-United - Stock calls


Date Analyst Company Last Target Call Valuation
02/14/17 DBS Vickers Pan-United 0.665 0.63 Hold Sum of parts
05/15/17 DBS Vickers Pan-United 0.69 0.63 Hold Sum of parts
08/14/17 DBS Vickers Pan-United 0.565 0.51 Fully Valued
11/14/17 DBS Vickers Pan-United 0.575 0.51 Fully Valued
12/06/17 DBS Vickers Pan-United 0.545 0.51 Fully Valued Sum of parts

Pacific Radiance - Stock calls


Date Analyst Company Last Target Call Valuation
02/28/17 Amfrasers Pacific Radiance 0.153 0.17 Hold
03/01/17 DBS Vickers Pacific Radiance 0.153 0.16 Hold PB0.35x FY17
05/18/17 DBS Vickers Pacific Radiance 0.12 0.1 Fully Valued PB0.2x FY17
05/19/17 CIMB Pacific Radiance 0.115 0.11 Reduce PB0.22x FY17
08/15/17 CIMB Pacific Radiance 0.085 0.073 Reduce PB0.15x
08/15/17 DBS Vickers Pacific Radiance 0.085 0.07 Fully Valued PB0.15x FY17
01/12/18 CIMB Pacific Radiance 0.108 0.07 Reduce

Stock calls for 15 November 2018


Date Analyst Company Last Target Call Valuation
11/15/18 Amfrasers Accordia Golf Trust 0.49 0.61 Hold
11/15/18 OCBC Capitaland 3.08 3.96 Buy RNAV (20% discount)
11/15/18 DBS Vickers Capitaland 3.08 3.62 Buy RNAV (25% discount)
11/15/18 DMG & Partners Capitaland 3.08 4 Buy RNAV (20% discount)
11/15/18 CIMB Capitaland 3.08 3.55 Add RNAV (35% discount)
11/15/18 CIMB Fu Yu 0.17 0.17 Hold PB0.8x
11/15/18 DMG & Partners Genting 0.925 1.23 Buy DCF, EV/Ebitda9x
11/15/18 UOB Kay Hian HMI 0.550 0.77 Buy DCF
11/15/18 CIMB HMI 0.550 0.73 Add DCF, EV/Ebitda15.2x FY20
11/15/18 DBS Vickers Hong Leong Finance 2.57 3.2 buy GGM, PB0.7x FY19
11/15/18 CIMB Jadason 0.03 0.073 Add PB1x FY18
11/15/18 DBS Vickers Mermaid Maritime 0.094 0.1 Hold PB0.5x
11/15/18 DBS Vickers MM2 Asia 0.37 0.5 Buy Sum of parts, PER16x FY19
11/15/18 UOB Kay Hian Propnex 0.56 0.65 Buy DCF, PER10x FY19
11/15/18 OCBC SIA 9.41 10.71 Buy PB0.85x FY19
11/15/18 Lim & Tan SIA 9.41 0 Hold
11/15/18 DBS Vickers SIIC 0.28 0.32 Hold
11/15/18 DBS Vickers ST Engineering 3.5 4.15 Buy Sum of parts
11/15/18 Kim Eng ST Engineering 3.5 4.35 Buy DCF
11/15/18 CIMB ST Engineering 3.5 3.94 Add Sum of parts
11/15/18 DMG & Partners Wilmar 3.19 3.59 Buy

Canada has given Trump a tight slap in the face.

https://sg.finance.yahoo.com/news/trudeau-says-canada-china-eventual-free-trade-deal-050049932--business.html

The "poison" clause in the new NAFTA amongst the 3 countries (US, Mexico & Canada) doesn't allow any party to sign a FTA with a non-market economy defined under WTO and China has a non-market economy status.

Any party who signs a FTA with a non-market economy will render the new NAFTA void in 6 months time.  Look like Canada is going to void the new NAFTA and piss Trump off.

Yeah! SG PM Lee has been invited to attend OBR 2019 summit by China.

https://sg.finance.yahoo.com/news/pm-lee-attend-china-apos-035508247.html

As PM Lee changes his anti-China mentality, SG-China relationship has reverted back to the good old days.  PM Lee has been invited by China to attend the OBR 2019 summit.

Hopefully, SG can retake its ASEAN facilitator role back from the Philippines when SG-China relationship gets cozy again.

The chairman for ASEAN 2019 will be Thailand and Thailand is a pro-China country.  Thus, I believe China-ASEAN relationship will get better in 2019.

US-China trade war will hurt the Hong Kong economy badly.

https://sg.finance.yahoo.com/news/hong-kong-housing-prices-could-055600239.html

If HK property prices were to crash 25% as predicted in the article above, the Hang Seng Index (HSI) would crash heavily too because of the heavy property composition in the HSI.

http://sg-stock.blogspot.com/2018/10/danger-is-lurking-in-hong-kong-property.html

Wednesday, November 14, 2018

The Germany economy shrinks for the 1st time since 2015.

https://sg.finance.yahoo.com/news/german-industry-association-bdi-cuts-2018-export-forecast-094538270--sector.html

These are telltale signs that the Germany economy is slowing down.

https://sg.finance.yahoo.com/news/german-economy-shrinks-first-time-085505460.html

The Germany economy shrinks for the 1st time since 2015.

Just this week alone, Japan, HK, and Germany economies have reported a slowdown.

PACC Offshore - Stock calls


Date Analyst Company Last Target Call Valuation
01/13/17 DBS Vickers PACC Offshore 0.335 0.41 Buy
02/22/17 DBS Vickers PACC Offshore 0.365 0.42 Buy PB0.8x
02/22/17 OCBC PACC Offshore 0.365 0.33 Sell PB0.7x
04/10/17 DBS Vickers PACC Offshore 0.34 0.42 Buy
04/12/17 OCBC PACC Offshore 0.35 0.335 Hold PB0.7x
05/08/17 DBS Vickers PACC Offshore 0.32 0.41 Buy PB0.8x
05/09/17 OCBC PACC Offshore 0.325 0.335 Hold PB0.7x FY17/18
05/31/17 OCBC PACC Offshore 0.305 0.325 Hold
08/02/17 DBS Vickers PACC Offshore 0.285 0.41 Buy PB0.8x
11/14/17 DBS Vickers PACC Offshore 0.345 0.41 Buy PB0.8x
01/23/18 DBS Vickers PACC Offshore 0.43 0.51 Buy PB1x
02/13/18 DBS Vickers PACC Offshore 0.37 0.51 Buy
02/22/18 DBS Vickers PACC Offshore 0.39 0.48 Buy PB1.4x
04/04/18 DBS Vickers PACC Offshore 0.35 0.32 Hold PB1x
05/10/18 DBS Vickers PACC Offshore 0.345 0.32 Hold PB1x FY18
08/10/18 DBS Vickers PACC Offshore 0.305 0.32 Hold PB1x FY18
11/05/18 DBS Vickers PACC Offshore 0.24 0.25 Hold PB0.8x FY19

Oxley - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners Oxley 0.43 0.85 Buy
10/03/17 UOB Kay Hian Oxley 0.56 0.67 Buy RNAV (20% discount)
11/22/17 UOB Kay Hian Oxley 0.655 0.74 Buy RNAV (20% discount)
12/01/17 UOB Kay Hian Oxley 0.6 0.74 Buy
03/14/18 UOB Kay Hian Oxley 0.56 0.74 Buy
04/04/18 Soochow SSD Oxley 0.495 0.63 Buy RNAV (20% discount)
04/24/18 DBS Vickers Oxley 0.485 0.68 Not Rated RNAV (35% discount)
06/04/18 Kim Eng Oxley 0.46 0.56 Buy RNAV (20% discount)
07/09/18 Kim Eng Oxley 0.345 0.34 Hold
07/12/18 NRA Oxley 0.36 0.435 Overweight
08/27/18 Kim Eng Oxley 0.35 0.36 Hold
09/06/18 Kim Eng Oxley 0.345 0.36 Hold

OUE Hospitality - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/17 OCBC OUE Hospitality 0.685 0.73 Buy
01/09/17 DBS Vickers OUE Hospitality 0.68 0.72 Buy DCF
01/26/17 CIMB OUE Hospitality 0.685 0.71 Add DDM
01/26/17 DMG & Partners OUE Hospitality 0.685 0.7 Neutral DDM
01/26/17 OCBC OUE Hospitality 0.685 0.75 Buy
01/27/17 DBS Vickers OUE Hospitality 0.685 0.75 Buy DCF
01/31/17 Credit Suisse OUE Hospitality 0.69 0.78 Neutral
02/08/17 OCBC OUE Hospitality 0.675 0.75 Buy
02/28/17 Deutsche OUE Hospitality 0.69 0.65 Hold
03/10/17 DMG & Partners OUE Hospitality 0.675 0.7 Neutral
03/16/17 OCBC OUE Hospitality 0.68 0.75 Buy
04/03/17 DMG & Partners OUE Hospitality 0.69 0.76 Buy DDM
04/17/17 OCBC OUE Hospitality 0.71 0.75 Buy
05/05/17 DBS Vickers OUE Hospitality 0.715 0.76 Buy DCF
05/05/17 DMG & Partners OUE Hospitality 0.715 0.76 Buy DDM
05/05/17 OCBC OUE Hospitality 0.715 0.75 Buy
05/15/17 DMG & Partners OUE Hospitality 0.705 0.78 Buy DDM
06/09/17 OCBC OUE Hospitality 0.72 0.75 Buy
06/22/17 Deutsche OUE Hospitality 0.725 0.65 Hold
07/04/17 OCBC OUE Hospitality 0.755 0.75 Buy
07/12/17 DMG & Partners OUE Hospitality 0.76 0.78 Buy
08/02/17 CIMB OUE Hospitality 0.76 0.82 Add DDM
08/02/17 DMG & Partners OUE Hospitality 0.76 0.83 Buy DDM
08/02/17 OCBC OUE Hospitality 0.76 0.82 Buy
08/02/17 Lim & Tan OUE Hospitality 0.76 0 Hold
08/03/17 DBS Vickers OUE Hospitality 0.77 0.8 Buy DCF
09/21/17 DMG & Partners OUE Hospitality 0.79 0.83 Buy
09/21/17 OCBC OUE Hospitality 0.79 0.82 Buy
11/02/17 CIMB OUE Hospitality 0.81 0.84 Add DDM
11/02/17 Credit Suisse OUE Hospitality 0.81 0.78 Neutral
11/02/17 OCBC OUE Hospitality 0.81 0.82 Hold
11/02/17 DBS Vickers OUE Hospitality 0.81 0.85 Buy DCF
11/03/17 DMG & Partners OUE Hospitality 0.815 0.88 Buy DDM
12/01/17 OCBC OUE Hospitality 0.815 0.82 Hold
12/06/17 DBS Vickers OUE Hospitality 0.825 0.85 Buy
12/19/17 DMG & Partners OUE Hospitality 0.835 0.88 Buy
01/03/18 DMG & Partners OUE Hospitality 0.855 0.91 Buy DDM
01/04/18 Deutsche OUE Hospitality 0.87 0.65 Sell
01/04/18 CIMB OUE Hospitality 0.87 0.89 Add DDM
01/05/18 OCBC OUE Hospitality 0.875 0.83 Hold
01/31/18 DBS Vickers OUE Hospitality 0.885 0.93 Buy DCF
01/31/18 Lim & Tan OUE Hospitality 0.885 0 Hold
02/20/18 DMG & Partners OUE Hospitality 0.845 0.95 Buy
04/04/18 DMG & Partners OUE Hospitality 0.795 0.95 Buy
04/10/18 CIMB OUE Hospitality 0.825 0.92 Add
04/17/18 DBS Vickers OUE Hospitality 0.815 0.93 Buy
05/03/18 CIMB OUE Hospitality 0.82 0.92 Add DDM
05/03/18 DMG & Partners OUE Hospitality 0.82 0.95 Buy DDM
05/03/18 OCBC OUE Hospitality 0.82 0.84 Hold Buy @ $0.78 or lower
07/06/18 DBS Vickers OUE Hospitality 0.765 0.93 Buy
07/30/18 CIMB OUE Hospitality 0.825 0.89 Add DDM
07/30/18 DBS Vickers OUE Hospitality 0.825 0.9 Buy DCF
07/31/18 OCBC OUE Hospitality 0.805 0.79 Hold
09/20/18 OCBC OUE Hospitality 0.69 0.79 Buy
09/25/18 Deutsche OUE Hospitality 0.715 0.65 Sell
10/04/18 CIMB OUE Hospitality 0.72 0.85 Add
10/10/18 OCBC OUE Hospitality 0.695 0.79 Buy
10/16/18 DMG & Partners OUE Hospitality 0.69 0.8 Buy DDM
11/08/18 CIMB OUE Hospitality 0.685 0.82 Add DDM
11/08/18 DMG & Partners OUE Hospitality 0.685 0.8 Buy
11/08/18 DBS Vickers OUE Hospitality 0.685 0.85 Buy DCF
11/09/18 OCBC OUE Hospitality 0.69 0.79 Buy

Stock calls for 14 November 2018


Date Analyst Company Last Target Call Valuation
11/14/18 DMG & Partners Amara 0.42 0.88 Buy
11/14/18 DBS Vickers APAC Realty 0.5 0.56 Hold PER10x FY19
11/14/18 OCBC Capitaland 3.08 4.09 Buy
11/14/18 phillip China Everbright 0.35 0.44 Buy PER8.8x
11/14/18 DBS Vickers China Everbright 0.35 0.475 Buy PER15z
11/14/18 DMG & Partners Delfi 1.19 1.59 Buy DCF
11/14/18 UOB Kay Hian Golden Agri 0.245 0.2 Sell PER11x FY19
11/14/18 CIMB Golden Agri 0.245 0.23 Reduce Sum of parts (20% discount)
11/14/18 DMG & Partners GSS Energy 0.097 0.19 Buy Sum of parts
11/14/18 DBS Vickers Sasseur 0.68 0.91 Buy DCF
11/14/18 UOB Kay Hian SIA 9.42 10.4 Hold PB0.75x FY19, Buy @ $9.20-9.30
11/14/18 DBS Vickers SIA 9.42 10.2 Hold PB0.85x FY19
11/14/18 DMG & Partners Silverlake 0.41 0.65 Buy DCF
11/14/18 CIMB Silverlake 0.41 0.56 Add DCF
11/14/18 Macquarie Singtel 3.03 3.14 Outperform
11/14/18 DMG & Partners UG Healthcare 0.215 0.32 Buy PER12x FY19
11/14/18 CIMB UMS 0.715 0.75 Hold PB1.72x
11/14/18 DBS Vickers UMS 0.715 0.55 Fully Valued PER8x FY19
11/14/18 CIMB UOL 6.18 8.45 Add RNAV (30% discount)
11/14/18 OCBC UOL 6.18 8.41 Buy RNAV (35% discount)
11/14/18 Lim & Tan UOL 6.18 0 Buy
11/14/18 OCBC Yanlord 1.28 2.13 Buy
11/14/18 DBS Vickers Yoma 0.35 0.4 Buy RNAV (60% discount)