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Wednesday, July 18, 2018

Riverstone - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners Riverstone 0.88 0.93 Neutral
02/24/17 CIMB Riverstone 0.91 0.91 Hold PER16.4x CY18
02/24/17 Kim Eng Riverstone 0.91 0.83 Hold PER16x FY17
05/05/17 Kim Eng Riverstone 0.885 1.05 Buy
05/05/17 Lim & Tan Riverstone 0.885 1.06 Buy PER16x
05/08/17 CIMB Riverstone 0.96 1.11 Add PER18.3x FY18
05/08/17 DBS Vickers Riverstone 0.96 1.07 Buy PER16x FY18
08/04/17 Lim & Tan Riverstone 1.065 0 Hold
08/04/17 DBS Vickers Riverstone 1.065 1.07 Buy PER16x FY18
08/07/17 CIMB Riverstone 1.05 1.2 Add PER16.3x FY18
08/07/17 Kim Eng Riverstone 1.05 1.05 Hold
08/08/17 DBS Vickers Riverstone 1.055 1.09 Hold PER16x FY18
11/09/17 Kim Eng Riverstone 1.065 1.05 Hold PER16x FY18
11/09/17 DBS Vickers Riverstone 1.065 1.09 Hold
02/26/18 CIMB Riverstone 1.04 1.28 Add PER18.6x FY19
02/26/18 DBS Vickers Riverstone 1.04 1.27 Buy PER16x FY19
02/26/18 Kim Eng Riverstone 1.04 1.22 Buy PER18x FY18
05/09/18 DBS Vickers Riverstone 0.985 1.27 Buy
05/09/18 Lim & Tan Riverstone 0.985 0 Hold
05/14/18 CIMB Riverstone 1 1.28 Add

Religare Health Trust - Stock calls


Date Analyst Company Last Target Call Valuation
02/07/17 DBS Vickers Religare Health Trust 0.925 0.85 Hold DDM
02/08/17 CIMB Religare Health Trust 0.89 0.89 Hold DDM
05/24/17 DBS Vickers Religare Health Trust 0.92 0.85 Hold DDM, PB1x
08/07/17 CIMB Religare Health Trust 0.88 0.92 Hold DDM
11/16/17 DBS Vickers Religare Health Trust 0.895 0.85 Hold DDM, Offer $0.90
11/16/17 CIMB Religare Health Trust 0.895 0.92 Hold DDM, PB1.08x
02/14/18 CIMB Religare Health Trust 0.83 0.92 Hold DDM
03/20/18 DBS Vickers Religare Health Trust 0.775 0.85 Hold
06/14/18 CIMB Religare Health Trust 0.765 0.81 Hold DDM

Regal - Stock calls


Date Analyst Company Last Target Call Valuation
01/18/17 NRA Regal 0.145 0.315 Overweight
03/20/17 NRA Regal 0.149 0.3 Overweight RNAV (15% discount)
06/19/17 NRA Regal 0.143 0.3 Overweight
12/11/17 NRA Regal 0.135 0.3 Overweight
04/10/18 NRA Regal 0.13 0.3 Overweight

Stock calls for 18 July 2018


Date Analyst Company Last Target Call Valuation
07/18/18 CIMB CSE Global 0.44 0.5 Add PER13.5x CY19
07/18/18 UOB Kay Hian DBS 26.01 28.95 Buy GGM, PB1.58x FY18
07/18/18 Phillip Keppel DC Reit 1.35 1.45 Accumulate DDM
07/18/18 OCBC Keppel DC Reit 1.35 1.54 Buy
07/18/18 CIMB Keppel DC Reit 1.35 1.49 Add DDM
07/18/18 DBS Vickers Keppel DC Reit 1.35 1.52 Buy
07/18/18 Macquarie SGX 7.45 7.7 Neutral
07/18/18 OCBC Soilbuild Reit 0.65 0.69 Buy
07/18/18 DBS Vickers Soilbuild Reit 0.65 0.62 Hold DCF

Another Indian rape again!

https://www.independent.co.uk/news/world/asia/india-police-arrest-18-men-repeated-rape-girl-sexual-violence-women-a8451626.html

Here we go again! This is never ending in India because of the rape culture.

Tuesday, July 17, 2018

Raffles Medical - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners Raffles Medical 1.43 1.76 Buy DCF
01/03/17 UOB Kay Hian Raffles Medical 1.43 1.7 Buy DCF
01/19/17 DIR Raffles Medical 1.475 1.49 Hold DCF
02/08/17 UOB Kay Hian Raffles Medical 1.455 1.7 Buy
02/20/17 CIMB Raffles Medical 1.48 1.46 Reduce Sum of parts
02/20/17 OCBC Raffles Medical 1.48 1.61 Buy
02/21/17 CIMB Raffles Medical 1.46 1.36 Reduce Sum of parts, EV/Ebitda23x CY17
02/21/17 Credit Suisse Raffles Medical 1.46 1.6 Neutral
02/21/17 DBS Vickers Raffles Medical 1.46 1.4 Hold PER29x FY17/18
02/21/17 DIR Raffles Medical 1.46 1.43 Hold DCF
02/21/17 DMG & Partners Raffles Medical 1.46 1.72 Buy DCF
02/21/17 Kim Eng Raffles Medical 1.46 1.7 Buy DCF
02/21/17 Lim & Tan Raffles Medical 1.46 0 Hold
02/21/17 OCBC Raffles Medical 1.46 1.6 Buy
02/21/17 UOB Kay Hian Raffles Medical 1.46 1.67 Buy
02/22/17 Phillip Raffles Medical 1.445 1.6 Accumulate DCF
03/21/17 UOB Kay Hian Raffles Medical 1.42 1.66 Buy
03/24/17 Kim Eng Raffles Medical 1.405 1.7 Buy DCF
04/03/17 OCBC Raffles Medical 1.415 1.6 Buy Sum of parts
04/04/17 CIMB Raffles Medical 1.43 1.36 Reduce Sum of parts
04/04/17 Credit Suisse Raffles Medical 1.43 1.6 Neutral
04/04/17 DIR Raffles Medical 1.43 1.63 Outperform DCF
04/04/17 DMG & Partners Raffles Medical 1.43 1.72 Buy Sum of parts
04/05/17 DBS Vickers Raffles Medical 1.445 1.4 Hold PER29x FY17/18
04/10/17 UOB Kay Hian Raffles Medical 1.47 1.66 Buy DCF
04/25/17 CIMB Raffles Medical 1.415 1.37 Reduce Sum of parts
04/25/17 DIR Raffles Medical 1.415 1.56 Outperform DCF
04/25/17 DMG & Partners Raffles Medical 1.415 1.49 Neutral DCF
04/25/17 Kim Eng Raffles Medical 1.415 1.67 Buy DCF
04/25/17 Phillip Raffles Medical 1.415 1.49 Accumulate DCF
04/25/17 UOB Kay Hian Raffles Medical 1.415 1.52 Hold DCF, Buy @ $1.35
06/05/17 Kim Eng Raffles Medical 1.365 1.54 Buy DCF
06/08/17 OCBC Raffles Medical 1.375 1.6 Buy
06/19/17 UOB Kay Hian Raffles Medical 1.355 1.52 Hold DCF
06/20/17 CIMB Raffles Medical 1.36 1.25 Reduce Sum of parts
08/01/17 Phillip Raffles Medical 1.285 1.27 Neutral DCF
08/01/17 DIR Raffles Medical 1.285 1.46 Outperform DCF
08/01/17 DMG & Partners Raffles Medical 1.285 1.1 Sell DCF
08/01/17 UOB Kay Hian Raffles Medical 1.285 1.3 Hold DCF, Buy @ $1.17
08/01/17 Kim Eng Raffles Medical 1.285 1.12 Sell DCF
08/01/17 OCBC Raffles Medical 1.285 1.47 Buy
08/01/17 Credit Suisse Raffles Medical 1.285 1.45 Neutral
08/01/17 CIMB Raffles Medical 1.285 1.25 Reduce Sum of parts
08/01/17 Lim & Tan Raffles Medical 1.285 0 Sell
08/02/17 DBS Vickers Raffles Medical 1.11 1.2 Hold PER25x FY17/18
09/18/17 CIMB Raffles Medical 1.1 1.21 Add Sum of parts
09/21/17 UOB Kay Hian Raffles Medical 1.105 1.28 Buy DCF
10/11/17 DIR Raffles Medical 1.17 1.29 Outperform DCF
10/16/17 UOB Kay Hian Raffles Medical 1.155 1.28 Buy DCF
10/31/17 CIMB Raffles Medical 1.125 1.24 Add Sum of parts
10/31/17 Phillip Raffles Medical 1.125 1.32 Accumulate DCF
10/31/17 UOB Kay Hian Raffles Medical 1.125 1.34 Buy DCF
10/31/17 DMG & Partners Raffles Medical 1.125 1.1 Neutral DCF
10/31/17 OCBC Raffles Medical 1.125 1.26 Buy
10/31/17 DBS Vickers Raffles Medical 1.125 1 Fully Valued PER26x FY18, PER30x FY19
10/31/17 Lim & Tan Raffles Medical 1.125 0 Hold
11/29/17 DMG & Partners Raffles Medical 1.06 1.1 Neutral
01/08/18 CIMB Raffles Medical 1.12 1.24 Add Sum of parts
02/13/18 UOB Kay Hian Raffles Medical 1.08 1.34 Buy
02/27/18 Phillip Raffles Medical 1.1 1.32 Accumulate DCF
02/27/18 UOB Kay Hian Raffles Medical 1.1 1.32 Buy DCF
02/27/18 OCBC Raffles Medical 1.1 1.26 Buy Sum of parts
02/27/18 Kim Eng Raffles Medical 1.1 1.13 Hold DCF
02/27/18 DMG & Partners Raffles Medical 1.1 1.02 Neutral DCF
02/28/18 DBS Vickers Raffles Medical 1.16 1 Fully Valued Sum of parts, PER26x FY18
03/13/18 UOB Kay Hian Raffles Medical 1.17 1.32 Buy DCF
05/02/18 Phillip Raffles Medical 1.15 1.32 Accumulate DCF
05/02/18 UOB Kay Hian Raffles Medical 1.15 1.32 Buy DCF
05/02/18 DMG & Partners Raffles Medical 1.15 1.02 Sell DCF
05/02/18 OCBC Raffles Medical 1.15 1.26 Buy
05/02/18 CIMB Raffles Medical 1.15 1.24 Hold Sum of parts
05/02/18 Kim Eng Raffles Medical 1.15 1.13 Hold
06/29/18 DMG & Partners Raffles Medical 1.01 1.02 Neutral DCF

QAF - Stock calls


Date Analyst Company Last Target Call Valuation
03/02/17 OCBC QAF 1.41 1.46 Hold Buy @ $1.36 or lower
05/08/17 OCBC QAF 1.34 1.46 Hold

Q & M - Stock calls


Date Analyst Company Last Target Call Valuation
03/03/17 CIMB Q & M 0.71 0.6 Reduce PER28x
03/06/17 Kim Eng Q & M 0.705 0.77 Hold PER36x FY18
03/06/17 phillip Q & M 0.705 0.65 Reduce PER38.2x FY17
05/12/17 CIMB Q & M 0.705 0.6 Reduce PER28x CY18
05/15/17 phillip Q & M 0.7 0.65 Reduce PER38.2x FY17
06/05/17 Kim Eng Q & M 0.685 0.6 Hold PER28x FY18
08/21/17 phillip Q & M 0.63 0.61 Neutral PER32x
01/08/18 CIMB Q & M 0.65 0.61 Reduce PER28x CY19
03/02/18 phillip Q & M 0.635 0.625 Hold PER27x FY18
05/16/18 phillip Q & M 0.605 0.625 Neutral PER27x FY18

Stock calls for 17 July 2018


Date Analyst Company Last Target Call Valuation
07/17/18 OCBC Hutchison Port 0.28 0.37 Buy
07/17/18 CIMB Keppel Reit 1.14 1.34 Add DDM
07/17/18 UOB Kay Hian Keppel Reit 1.14 1.35 Buy DDM
07/17/18 DBS Vickers Keppel Reit 1.14 1.41 Buy DCF
07/17/18 Lim & Tan UOL 6.79 0 Buy

Singapore NODX increased only 1.1% in June 2018.

https://www.todayonline.com/singapore/singapores-non-oil-exports-notch-modest-increase-june

Year on year changes (YOY):
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%

Monday, July 16, 2018

Procurri - Stock calls


Date Analyst Company Last Target Call Valuation
02/23/17 DBS Vickers Procurri 0.405 0.4 Hold
05/15/17 DBS Vickers Procurri 0.28 0.32 Hold PER9.3x FY17/18
08/16/17 DBS Vickers Procurri 0.21 0.18 Fully Valued RNAV (5% discount)
11/16/17 DBS Vickers Procurri 0.235 0.18 Fully Valued RNAV (6% discount)

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

Poh Tiong Choon - Stock calls


Date Analyst Company Last Target Call Valuation
09/21/17 Lim & Tan Poh Tiong Choon 1.32 1.3 Accept Offer Offer price $1.30

Stock calls for 16 July 2018


Date Analyst Company Last Target Call Valuation
07/16/18 Phillip A-Reit 2.71 2.91 Accumulate
07/16/18 Phillip APTV 0.425 0.52 Buy
07/16/18 phillip Banyan Tree 0.525 0.73 Accumulate Sum of parts, PB0.94x FY18
07/16/18 UOB Kay Hian Bumitama 0.65 0.93 Buy PER11x FY18
07/16/18 phillip Dairy Farm 9.29 9.83 Buy
07/16/18 DMG & Partners DBS 26.25 30.3 Buy GGM, PB1.47x FY19
07/16/18 CIMB HMI 0.58 0.8 Add
07/16/18 OCBC KSH 0.615 0.94 Buy
07/16/18 Phillip Micro-Mechanics 1.82 2.3 Buy
07/16/18 DMG & Partners UOB 26.55 33.3 Buy GGM, PB1.43x FY19
07/16/18 Lim & Tan Wheelock Properties 1.74 0 Buy

Saturday, July 14, 2018

Singapore's soft political power is declining rapidly in Asia.

As Singapore becomes unfriendly to China, its soft political power is also declining in Asia rapidly.

In 2016, Thailand, a China-friendly country, rejected SG's request to deport the Holland's bank robber.  Thereafter, HK also rejected SG's request to arrest and deport Jho Low recently.

https://sg.news.yahoo.com/holland-village-bank-heist-thailand-rejects-020658215.html

https://www.channelnewsasia.com/news/asia/jho-low-1mdb-singapore-arrest-warrant-request-hong-kong-declined-10520116

Baltic dry index - 1666

Today, Friday, July 13 2018, the Baltic Dry Index climbed by 34 points, reaching 1666 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 - 1054

HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 1,054At this time a year ago there were 952 active rigs.Houston oilfield services company Baker Hughes reported Friday that 863 rigs drilled for oil this week and 189 for gas. Two were listed as miscellaneous.Among major oil- and gas-producing states, Texas gained two rigs and Colorado and Louisiana each increased by one.Alaska and California each lost one rig.Arkansas, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.

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Related stocks: Keppel Corp, Sembcorp Marine, Cosco

Friday, July 13, 2018

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)

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 13 July 2018


Date Analyst Company Last Target Call Valuation
07/13/18 DMG & Partners APAC Realty 0.605 0.77 Buy DCF
07/13/18 Lim & Tan CapitaCommercial 1.75 0 Buy
07/13/18 DBS Vickers Sembcorp Marine 1.95 2.9 Buy
07/13/18 DMG & Partners Sheng Siong 1.08 1.27 Buy DCF
07/13/18 UOB Kay Hian Singapore Post 1.3 1.59 Buy
07/13/18 OCBC SPH 2.76 2.52 Hold
07/13/18 CIMB SPH 2.76 2.88 Add Sum of parts
07/13/18 Kim Eng SPH Reit 1 1 Hold DDM
07/13/18 UOB Kay Hian Tianjin Zhongxin 1.12 1.72 Buy

Singapore economic growth has slowed to 1% for Q2 2018.

https://sg.finance.yahoo.com/news/singapore-q2-gdp-growth-slows-003925540.html

Singapore economic growth has slowed to 1% for Q2 2018 which means that the world economies are slowing down too as SG is an international trading hub.

Conversely, the on-going US-China trade war will aggravate the worldwide slowdown further.  Thus, a worldwide recession is a real possibility in 2019.

Thursday, July 12, 2018

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

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