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Tuesday, November 20, 2018

OMG! Noble Group is under CAD investigation now!

https://sg.finance.yahoo.com/news/singapore-probing-noble-group-false-statements-disclosure-breaches-080400483--sector.html

Commercial Affairs Dept (CAD) is investigating Noble Group for false statements, disclosure breaches and non-compliance of accounting standards.  If a fraud is detected by CAD, Noble will be in a serious trouble.

RE&S - Stock calls


Date Analyst Company Last Target Call Valuation
11/17/17 Phillip RE & S 0.22 0 Subscribe IPO

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
07/24/18 UOB Kay Hian Raffles Medical 1.1 1.28 Buy DCF, PER34.8x FY18
08/07/18 UOB Kay Hian Raffles Medical 1.09 1.28 Buy DCF, PER34.8x FY18
08/07/18 DMG & Partners Raffles Medical 1.09 1.02 Neutral
08/07/18 CIMB Raffles Medical 1.09 1.19 Hold Sum of parts
08/07/18 OCBC Raffles Medical 1.09 1.26 Buy
08/08/18 Phillip Raffles Medical 1.11 1.32 Accumulate DCF
09/24/18 OCBC Raffles Medical 1.1 1.26 Buy
10/30/18 OCBC Raffles Medical 1.09 1.26 Buy Sum of parts
10/30/18 UOB Kay Hian Raffles Medical 1.09 1.27 Buy DCF
10/30/18 DMG & Partners Raffles Medical 1.09 1.02 Neutral DCF
10/30/18 CIMB Raffles Medical 1.09 1.19 Hold Sum of parts

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

Stock calls for 20 November 2018


Date Analyst Company Last Target Call Valuation
11/20/18 Lim & Tan Capitaland 3.14 0 Buy
11/20/18 DMG & Partners Fu Yu 0.182 0.23 Buy
11/20/18 CIMB Jubilee 0.034 0.051 Add
11/20/18 CIMB MM2 Asia 0.345 0.5 Add Sum of parts
11/20/18 DMG & Partners Starhill 0.665 0.8 Buy
11/20/18 DMG & Partners UOB 24.25 30.8 Buy

MAS new payment services bill will hit the ICO and Cryptocurrency industries.

https://sg.news.yahoo.com/mas-finalises-framework-payment-services-singapore-094922413.html

This new payment services bill will definitely douse the flames of the ICO and crypto developments in Singapore because they will be subjected to more costs, rules, and regulations.

Goodbye ICO & Crypto!

Monday, November 19, 2018

Apple has cut production orders by 1/3 officially!

https://sg.finance.yahoo.com/news/apple-cuts-production-orders-three-iphone-models-wsj-094545386--finance.html

No wonder Apple refuses to disclose its unit sales figures anymore. A 1/3 cut is very significant and it will impact its earnings.  There is no way to continue to sell iPhones at higher prices because iPhones do not have an inelastic demand.  Apple will definitely be impacted by the 1/3 cut.

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
08/16/18 phillip Q & M 0.51 0.649 Buy PER28x FY18
11/19/18 phillip Q & M 0.21 0.513 Neutral PER25x FY18/19

Propnex - Stock calls


Date Analyst Company Last Target Call Valuation
09/12/18 UOB Kay Hian Propnex 0.535 0.65 Buy DCF, PER10x FY19
10/22/18 UOB Kay Hian Propnex 0.535 0.65 Buy DCF, PER10x FY19
11/15/18 UOB Kay Hian Propnex 0.56 0.65 Buy DCF, PER10x FY19

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)

Stock calls for 19 November 2018


Date Analyst Company Last Target Call Valuation
11/19/18 Phillip APTV 0.167 0.17 Accumulate DCF
11/19/18 Phillip Capitaland 3.13 4 Accumulate RNAV (20% discount)
11/19/18 DMG & Partners Food Empire 0.54 0.66 Buy PER13x FY19
11/19/18 OCBC KSH 0.525 0.81 Buy
11/19/18 Lim & Tan KSH 0.525 0 Buy
11/19/18 Kim Eng MM2 Asia 0.35 0.57 Buy PEG
11/19/18 Deutsche OUE 1.41 3 Buy
11/19/18 DMG & Partners OUE Hospitality 665 0.77 Buy
11/19/18 phillip Q & M 0.21 0.513 Neutral PER25x FY18/19
11/19/18 phillip SHS 0.215 0.24 Accumulate PER10x FY19

Who is militarising in Asia?

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

Australia and USA will build 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 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.
=======================
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