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Sunday, March 31, 2019

1997 Asian financial crisis is replaying in the Middle East now. Here's why!

https://www.businessinsider.sg/turkey-probes-jpmorgan-for-lira-advice-before-currency-plunged-2019-3/?r=US&IR=T

JP Morgan is trying to start the spark of a financial crisis in the Middle East which has the same modus operandi as the 1997 Asian financial crisis.

The first step will be to devalue the currency and JPM has selected Lira because Turkey is a big economic with bad fundamentals.  Turkey is in a technical recession now.

https://www.nytimes.com/2019/03/11/business/turkey-recession.html

JPM had issued a shorting report on Lira just before the Turkey election and it was successful in creating a Lira panic.  The Turkey swap rates soared past 1200% at one point.

https://www.theguardian.com/world/2019/mar/31/turkey-votes-local-elections-seen-key-test-of-erdogan-rule

https://www.dailysabah.com/economy/2019/03/29/turkey-aware-of-currency-market-manipulation-ahead-of-local-elections

https://www.bloomberg.com/news/articles/2019-03-27/foreign-investors-are-trapped-in-turkey-days-before-elections

The intention of JPM is not to earn a huge windfall from the currency market but to force the Turkish central bank to hike interest rates or keep its high interest rates long enough to impact interest rate sensitive industries such as banking and finance, property, etc.  Consequently, the high interest rates will cause the Turkish stock market to crash and the US financial firms will earn the huge windfalls from shorting the index futures in Turkey and other affected countries as the contagion spreads.

Let's reminisce the 1997 Asian financial crisis in steps.

1. Steep currency devaluation.
2. Central bank hikes interest rates or keeps high interest rates long enough to prevent the steep currency depreciation.
3. Stock market crashes
4. Another big but weak economy is targeted (HK)
5. Contagion spreads like fire in Asia.

The Thai baht was first targeted by George Soros (GS) because Thailand had high non-performing loans in the banking and financial industries and the Thai baht was pegged to the USD back then.  The steep devaluation of the Thai baht forced the Thailand central bank to raise interest rates to prevent the steep Thai baht depreciation.  Subsequently, the high interest rates caused the Thai stock market to collapse and exacerbate its economy.  Thereafter, the contagion started to spread and Hong Kong became the next target for GS.  In 1997, HK was returned to China with limited coffer because the UK had siphoned the HK government funds.  Therefore, the new HK became the perfect target for GS.

Turkey is just like Thailand in 1997 now.  Currently, step 1 (Steep currency devaluation) has happened.  Turkey looks set to hike or keep its high interest rates long enough to protect its lira.

Let's see how this will pan out.

When step 2 and 3 have taken place, the next target will be one of the pigs (Portugal, Italy, Greece, Spain) in Europe.  My guess will be Italy because it is a big economy with high debts.


Saturday, March 30, 2019

Baltic dry index - 689

Today, Friday, March 29 2019, the Baltic Dry Index decreased by 3 points, reaching 689 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 - 1006

The weekly Baker Hughes rig count 

  • Total rig count 1006 vs 1016 last week
  • Oil rig count 816 vs 824 last week
  • Gas rig count 190 vs 192 last week.
The price of crude is trading at $60.10 up $0.79 or 1.32%. The high reached $60.73. The low extended to $59.41

It is the 4th down week in a row for oil rigs.  The high water mark for oil rigs reached 888 in November 2018. Today's number is the lowest since April 2018.

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

Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Friday, March 29, 2019

ST Engineering - Stock calls


Date Analyst Company Last Target Call Valuation
01/05/18 DBS Vickers ST Engineering 3.3 3.7 Hold
01/18/18 CIMB ST Engineering 3.31 3.85 Add DCF & PER22x CY19
01/22/18 Lim & Tan ST Engineering 3.32 0 Buy
02/07/18 OCBC ST Engineering 3.23 4 Buy
02/07/18 CIMB ST Engineering 3.23 3.85 Add
02/20/18 DMG & Partners ST Engineering 3.35 4.2 Buy
02/26/18 CIMB ST Engineering 3.39 3.8 Add DCF, PER & Div yield
02/26/18 UOB Kay Hian ST Engineering 3.39 3.6 Hold DCF, Buy @ $3.20
02/26/18 DBS Vickers ST Engineering 3.39 3.9 Buy
02/26/18 Lim & Tan ST Engineering 3.39 0 Buy
02/27/18 DMG & Partners ST Engineering 3.44 4.04 Buy PER23x & PB5.5x & EV/Ebitda16x & DCF
03/02/18 Lim & Tan ST Engineering 3.38 0 Buy
03/05/18 CIMB ST Engineering 3.36 3.8 Add DCF & PER & Div Yield
03/09/18 UOB Kay Hian ST Engineering 3.38 3.6 Hold
03/12/18 Kim Eng ST Engineering 3.38 4.15 Buy DCF
03/13/18 Amfrasers ST Engineering 3.43 3.88 Buy
03/13/18 Credit Suisse ST Engineering 3.43 4 Outperform DCF
03/23/18 UOB Kay Hian ST Engineering 3.47 4.1 Buy EV/Invested capital basis, PER23x FY19
03/23/18 DBS Vickers ST Engineering 3.47 4.1 Buy DCF & PER22x
04/12/18 Lim & Tan ST Engineering 3.65 0 Buy
04/16/18 DMG & Partners ST Engineering 3.67 4.04 Buy
04/23/18 Macquarie ST Engineering 3.65 3.9 Outperform
05/11/18 Lim & Tan ST Engineering 3.46 0 Buy
05/14/18 CIMB ST Engineering 3.39 3.8 Add DCF & PER20x CY19
05/14/18 DBS Vickers ST Engineering 3.39 4.1 Buy
05/14/18 DMG & Partners ST Engineering 3.39 4.04 Buy PER23x & PB5.5x & EV/Ebitda16x & DCF
05/23/18 UOB Kay Hian ST Engineering 3.47 4.1 Buy
06/04/18 UOB Kay Hian ST Engineering 3.45 4.1 Buy
06/28/18 DBS Vickers ST Engineering 3.29 4.1 Buy
07/03/18 UOB Kay Hian ST Engineering 3.27 4.1 Buy
07/05/18 OCBC ST Engineering 3.25 3.9 Buy
08/03/18 UOB Kay Hian ST Engineering 3.36 4.1 Buy EV/Invested capital basis, PER22x FY18
08/10/18 Kim Eng ST Engineering 3.45 4.15 Buy DCF
08/10/18 CIMB ST Engineering 3.45 3.8 Add Sum of parts
08/10/18 OCBC ST Engineering 3.45 3.9 Buy FCFE
08/10/18 DBS Vickers ST Engineering 3.45 4.1 Buy
08/10/18 DMG & Partners ST Engineering 3.45 3.97 Buy
09/03/18 CIMB ST Engineering 3.34 3.8 Add PER20x CY19 & DCF & 4% Div Yield
09/06/18 DMG & Partners ST Engineering 3.26 3.97 Buy
09/10/18 UOB Kay Hian ST Engineering 3.32 3.8 Buy EV/Invested capital basis
09/14/18 DBS Vickers ST Engineering 3.29 4.3 Buy
09/14/18 OCBC ST Engineering 3.29 3.95 Buy
09/17/18 Kim Eng ST Engineering 3.53 4.35 Buy DCF
10/01/18 UOB Kay Hian ST Engineering 3.56 4.06 Buy EV/Invested capital & PER20.9x FY18
10/08/18 CIMB ST Engineering 3.53 3.8 Add
11/02/18 UOB Kay Hian ST Engineering 3.54 4.06 Buy EV/Invested capital & PER20.9x FY19
11/05/18 DBS Vickers ST Engineering 3.52 4.3 Buy
11/13/18 DMG & Partners ST Engineering 3.5 3.97 Buy
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
11/29/18 OCBC ST Engineering 3.5 3.95 Buy
12/10/18 UOB Kay Hian ST Engineering 3.47 4.06 Buy
12/14/18 DMG & Partners ST Engineering 3.47 3.97 Buy
01/02/19 DMG & Partners ST Engineering 3.51 3.97 Buy
01/23/19 CIMB ST Engineering 3.66 3.94 Add
01/31/19 UOB Kay Hian ST Engineering 3.66 4.06 Buy
02/08/19 DBS Vickers ST Engineering 3.75 4.15 Buy Sum of parts
02/21/19 Lim & Tan ST Engineering 3.77 0 Hold
02/22/19 OCBC ST Engineering 3.71 4.01 Buy FCFE
02/22/19 DMG & Partners ST Engineering 3.71 4.1 Buy
02/22/19 UOB Kay Hian ST Engineering 3.71 4.06 Buy
02/22/19 Kim Eng ST Engineering 3.71 4.25 Buy DCF
03/13/19 DMG & Partners ST Engineering 3.74 4.1 Buy
03/26/19 CIMB ST Engineering 3.75 4.08 Add
03/28/19 UOB Kay Hian ST Engineering 3.75 4.06 Buy
03/28/19 Lim & Tan ST Engineering 3.75 0 Hold
03/29/19 UOB Kay Hian ST Engineering 3.73 4.4 Buy EV/Invested capital basis
03/29/19 OCBC ST Engineering 3.73 4.07 Buy
03/29/19 DBS Vickers ST Engineering 3.73 4.15 Buy

SPH Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/02/18 Kim Eng SPH Reit 1.05 1 Hold DDM
01/08/18 CIMB SPH Reit 1.07 1.06 Hold DDM
01/08/18 Lim & Tan SPH Reit 1.07 0 Hold
01/08/18 OCBC SPH Reit 1.07 1.08 Hold
01/09/18 DBS Vickers SPH Reit 1.07 1.07 Hold DCF
04/09/18 CIMB SPH Reit 1 1.06 Hold DDM
04/09/18 OCBC SPH Reit 1 1.02 Hold DDM
04/09/18 DBS Vickers SPH Reit 1 1.07 Buy DCF
04/09/18 Lim & Tan SPH Reit 1 1.06 Hold
04/09/18 Kim Eng SPH Reit 1 1 Hold DDM
05/02/18 DBS Vickers SPH Reit 0.99 1.07 Buy
05/02/18 CIMB SPH Reit 0.99 1.07 Hold DDM
05/02/18 OCBC SPH Reit 0.99 1.02 Hold
06/29/18 DBS Vickers SPH Reit 0.99 1.07 Buy DCF
07/06/18 DBS Vickers SPH Reit 0.99 1.07 Buy
07/11/18 CIMB SPH Reit 1 1.07 Hold DDM
07/11/18 OCBC SPH Reit 1 1.02 Hold
07/11/18 Lim & Tan SPH Reit 1 0 Hold
07/13/18 Kim Eng SPH Reit 1 1 Hold DDM
10/12/18 CIMB SPH Reit 0.985 1.03 Hold DDM
10/12/18 DBS Vickers SPH Reit 0.985 1.04 Buy DCF
10/12/18 OCBC SPH Reit 0.985 0.99 Hold
10/12/18 Lim & Tan SPH Reit 0.985 0 Hold
11/16/18 CIMB SPH Reit 1 1.01 Hold DDM
12/19/18 CIMB SPH Reit 1.01 1.02 Hold DDM
12/19/18 Lim & Tan SPH Reit 1.01 0 Hold
12/19/18 Kim Eng SPH Reit 1.01 1.02 Hold DDM
01/07/19 OCBC SPH Reit 1.01 0.99 Hold
01/07/19 Kim Eng SPH Reit 1.01 1.02 Hold DDM
01/07/19 DBS Vickers SPH Reit 1.01 1.05 Buy DCF
01/07/19 Lim & Tan SPH Reit 1.01 0 Hold
01/07/19 CIMB SPH Reit 1.01 1.02 Hold DDM

SPH - Stock calls


Date Analyst Company Last Target Call Valuation
01/15/18 CIMB SPH 2.63 2.49 Hold Sum of parts, PER18.6x FY19
01/15/18 UOB Kay Hian SPH 2.63 2.42 Sell Sum of parts
01/15/18 Lim & Tan SPH 2.63 0 Hold
01/16/18 DBS Vickers SPH 2.71 2.78 Hold Sum of parts
01/17/18 OCBC SPH 2.71 2.51 Hold Sum of parts (10% discount)
03/05/18 UOB Kay Hian SPH 2.55 2.42 Sell
03/14/18 UOB Kay Hian SPH 2.56 2.39 Sell Sum of parts
04/11/18 UOB Kay Hian SPH 2.49 2.41 Hold Sum of parts, Buy @ $2.30
04/11/18 Lim & Tan SPH 2.49 0 Hold
04/12/18 OCBC SPH 2.49 2.52 Hold
04/12/18 DBS Vickers SPH 2.49 2.6 Hold Sum of parts
06/13/18 UOB Kay Hian SPH 2.69 2.46 Hold Buy @ $2.40
07/03/18 UOB Kay Hian SPH 2.59 2.46 Hold
07/05/18 CIMB SPH 2.59 2.85 Add Sum of parts
07/06/18 DBS Vickers SPH 2.67 2.6 Hold
07/12/18 DBS Vickers SPH 2.75 2.58 Hold Sum of parts
07/12/18 UOB Kay Hian SPH 2.75 2.58 Hold Sum of parts, Buy @ $2.40
07/12/18 Lim & Tan SPH 2.75 0 Hold
07/13/18 OCBC SPH 2.76 2.52 Hold
07/13/18 CIMB SPH 2.76 2.88 Add Sum of parts
09/04/18 UOB Kay Hian SPH 2.81 2.58 Hold DCF, Buy @ $2.45
09/10/18 DBS Vickers SPH 2.73 2.58 Hold
09/11/18 OCBC SPH 2.79 2.52 Hold
09/11/18 Lim & Tan SPH 2.79 0 Hold
09/13/18 CIMB SPH 2.74 2.88 Add Sum of parts
10/16/18 OCBC SPH 2.62 2.55 Hold
10/16/18 UOB Kay Hian SPH 2.62 2.75 Hold Buy @ $2.50
10/16/18 CIMB SPH 2.62 2.74 Hold Sum of parts
10/16/18 Lim & Tan SPH 2.62 0 Hold
01/14/19 CIMB SPH 2.49 2.64 Hold Sum of parts
01/14/19 Lim & Tan SPH 2.49 0 Hold
01/15/19 OCBC SPH 2.47 2.55 Hold

Stock calls for 29 March 2019


Date Analyst Company Last Target Call Valuation
03/29/19 Lim & Tan ART 1.18 0 Hold BV
03/29/19 DBS Vickers Jumbo 0.395 0.5 Buy PER23x FY19/20
03/29/19 UOB Kay Hian ST Engineering 3.73 4.4 Buy EV/Invested capital basis
03/29/19 OCBC ST Engineering 3.73 4.07 Buy
03/29/19 DBS Vickers ST Engineering 3.73 4.15 Buy
03/29/19 DBS Vickers Venture 17.8 21.7 Buy

Hyflux's white knight is trying to wiggle itself out of the deal.

https://sg.finance.yahoo.com/news/white-knight-investor-throws-singapores-083341266.html

Hahaha! The white knight is regretting its own decision to invest in Hyflux and wants a way out after realizing that Hyflux is beyond hope.

Thursday, March 28, 2019

A big blow to Boeing!

https://www.news.com.au/travel/travel-advice/flights/inside-the-aircraft-boneyard-thats-now-housing-boeings-max-8s/news-story/00fd9b3a093893d2454e2a7fadd1d504

The US Southwest airlines will be sending its Boeing 737-Max planes to the remote desert graveyard for parking.  This means that Boeing 737-Max won't be returned to flying in the short run.

Furthermore, this move also shows that Boeing 737-Max is really an unsafe plane as it is expensive to park the planes in a desert graveyard.  The planes need to be sand-proof and the airline will also suffer from loss of incomes for not using the planes.

Spackman - Stock calls


Date Analyst Company Last Target Call Valuation
05/16/18 DMG & Partners Spackman 0.073 0.1 Buy DCF, PER14x FY18

Soilbuild Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/18/18 OCBC Soilbuild Reit 0.695 0.68 Hold
01/19/18 DBS Vickers Soilbuild Reit 0.7 0.62 Hold DCF
01/19/18 Lim & Tan Soilbuild Reit 0.7 0 Hold
01/19/18 Jefferies Soilbuild Reit 0.7 0.7 Buy
03/29/18 OCBC Soilbuild Reit 0.645 0.7 Buy
04/17/18 OCBC Soilbuild Reit 0.66 0.7 Buy
04/18/18 DBS Vickers Soilbuild Reit 0.66 0.62 Hold
04/18/18 OCBC Soilbuild Reit 0.66 0.71 Buy
04/18/18 Jefferies Soilbuild Reit 0.66 0.7 Hold
05/24/18 OCBC Soilbuild Reit 0.665 0.71 Buy
07/18/18 OCBC Soilbuild Reit 0.65 0.69 Buy
07/18/18 DBS Vickers Soilbuild Reit 0.65 0.62 Hold DCF
09/10/18 DBS Vickers Soilbuild Reit 0.625 0.62 Hold
09/10/18 OCBC Soilbuild Reit 0.625 0.69 Buy
10/19/18 DBS Vickers Soilbuild Reit 0.585 0.65 Buy DCF
10/19/18 OCBC Soilbuild Reit 0.585 0.665 Buy
10/19/18 Jefferies Soilbuild Reit 0.585 0.62 Hold
01/23/19 DBS Vickers Soilbuild Reit 0.62 0.65 Buy DCF
01/23/19 OCBC Soilbuild Reit 0.62 0.62 Hold
01/23/19 Jefferies Soilbuild Reit 0.62 0.62 Hold

SLB Dev - Stock calls


Date Analyst Company Last Target Call Valuation
06/01/18 SAC Advisors SLB Dev 0.215 0.28 Buy

Stock calls for 28 March 2019


Date Analyst Company Last Target Call Valuation
03/28/19 UOB Kay Hian Ho Bee 2.5 2.79 Buy RNAV (30% discount)
03/28/19 UOB Kay Hian ST Engineering 3.75 4.06 Buy
03/28/19 Lim & Tan ST Engineering 3.75 0 Hold
03/28/19 CIMB UOL 6.78 8.45 Add

Wednesday, March 27, 2019

Singtel - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/18 UOB Kay Hian Singtel 3.59 4.53 Buy DCF
01/10/18 DMG & Partners Singtel 3.63 4.1 Neutral
01/26/18 DBS Vickers Singtel 3.62 4.3 Buy Sum of parts
02/07/18 OCBC Singtel 3.42 4.19 Buy
02/08/18 DMG & Partners Singtel 3.44 4.1 Buy Sum of parts
02/08/18 DBS Vickers Singtel 3.44 4.3 Buy
02/08/18 Lim & Tan Singtel 3.44 0 Buy on weakness
02/09/18 OCBC Singtel 3.4 4.15 Buy
02/09/18 UOB Kay Hian Singtel 3.4 4.4 Buy DCF
02/09/18 CIMB Singtel 3.4 4 Add
03/02/18 UOB Kay Hian Singtel 3.36 4.4 Buy
03/14/18 Kim Eng Singtel 3.41 3.69 Hold Sum of parts
03/15/18 CIMB Singtel 3.4 4 Add Sum of parts
03/15/18 DMG & Partners Singtel 3.4 4.1 Buy Sum of parts
04/03/18 UOB Kay Hian Singtel 3.39 4.4 Buy
04/03/18 Kim Eng Singtel 3.39 3.69 Hold
04/16/18 UOB Kay Hian Singtel 3.37 4.35 Buy
05/03/18 UOB Kay Hian Singtel 3.5 4.35 Buy DCF
05/04/18 Kim Eng Singtel 3.52 3.69 Hold
05/07/18 DBS Vickers Singtel 3.5 3.85 Buy Sum of parts
05/17/18 Lim & Tan Singtel 3.42 0 Buy
05/18/18 UOB Kay Hian Singtel 3.44 4.22 Buy DCF
05/18/18 DMG & Partners Singtel 3.44 3.9 Buy Sum of parts
05/18/18 CIMB Singtel 3.44 3.9 Add Sum of parts
05/18/18 OCBC Singtel 3.44 4.1 Buy
05/18/18 Kim Eng Singtel 3.44 3.57 Hold Sum of parts
06/04/18 UOB Kay Hian Singtel 3.25 4.22 Buy DCF
06/05/18 DBS Vickers Singtel 3.27 3.85 Buy
06/18/18 CIMB Singtel 3.19 3.9 Add
06/19/18 DBS Vickers Singtel 3.19 3.7 Buy Sum of parts
06/19/18 Kim Eng Singtel 3.19 3.57 Hold
06/20/18 OCBC Singtel 3.18 4.1 Buy PER18.3x FY19
06/27/18 DMG & Partners Singtel 3.12 4.05 Buy
07/03/18 UOB Kay Hian Singtel 3.05 4.22 Buy
08/10/18 OCBC Singtel 3.2 4.08 Buy
08/10/18 UOB Kay Hian Singtel 3.2 4.05 Buy DCF
08/10/18 CIMB Singtel 3.2 3.7 Add Sum of parts
08/10/18 DBS Vickers Singtel 3.2 3.7 Buy Sum of parts
08/10/18 DMG & Partners Singtel 3.2 3.7 Buy Sum of parts
08/13/18 Lim & Tan Singtel 3.14 0 Hold
08/20/18 UOB Kay Hian Singtel 3.11 3.98 Buy DCF
08/24/18 Kim Eng Singtel 3.28 3.46 Hold Sum of parts
09/03/18 DIR Singtel 3.23 3.47 Outperform Sum of parts
09/03/18 UOB Kay Hian Singtel 3.23 3.98 Buy
09/25/18 UOB Kay Hian Singtel 3.15 3.94 Buy DCF
10/03/18 UOB Kay Hian Singtel 3.23 3.94 Buy DCF
10/11/18 DMG & Partners Singtel 3.14 3.7 Buy
10/24/18 DBS Vickers Singtel 3.13 3.64 Buy Sum of parts
11/02/18 UOB Kay Hian Singtel 3.18 3.94 Buy
11/02/18 DBS Vickers Singtel 3.18 3.64 Buy Sum of parts
11/07/18 CIMB Singtel 3.17 3.7 Add Sum of parts
11/09/18 DBS Vickers Singtel 3.08 3.59 Buy Sum of parts
11/09/18 UOB Kay Hian Singtel 3.08 3.9 Buy DCF
11/09/18 Kim Eng Singtel 3.08 3.39 Hold DCF
11/09/18 OCBC Singtel 3.08 3.95 Buy
11/09/18 CIMB Singtel 3.08 3.4 Add Sum of parts
11/09/18 DMG & Partners Singtel 3.08 3.22 Neutral
11/14/18 Macquarie Singtel 3.03 3.14 Outperform
12/04/18 UOB Kay Hian Singtel 3.09 3.9 Buy DCF
12/06/18 DMG & Partners Singtel 3.08 3.22 Neutral
12/10/18 OCBC Singtel 3.08 3.95 Buy
12/20/18 DBS Vickers Singtel 2.96 3.59 Buy
01/02/19 UOB Kay Hian Singtel 2.83 3.58 Buy DCF
01/02/19 Kim Eng Singtel 2.83 3.39 Hold
01/04/19 Phillip Singtel 2.86 3.4 Buy Sum of parts
01/14/19 DMG & Partners Singtel 3.05 3.22 Neutral
01/15/19 DBS Vickers Singtel 3.05 3.59 Buy Sum of parts
02/08/19 UOB Kay Hian Singtel 3.05 3.58 Buy
02/12/19 DBS Vickers Singtel 3.05 3.5 Buy Sum of parts
02/12/19 Kim Eng Singtel 3.05 3.39 Hold Sum of parts
02/15/19 OCBC Singtel 3.03 3.79 Buy
02/15/19 DMG & Partners Singtel 3.03 3.22 Neutral Sum of parts
02/18/19 Phillip Singtel 2.99 3.27 Accumulate Sum of parts
02/18/19 CIMB Singtel 2.99 3.4 Add Sum of parts
03/11/19 OCBC Singtel 2.94 3.79 Buy
03/11/19 DMG & Partners Singtel 2.94 3.09 Neutral Sum of parts
03/11/19 Lim & Tan Singtel 2.94 0 Hold
03/12/19 CIMB Singtel 2.93 3.4 Add Sum of parts
03/21/19 UOB Kay Hian Singtel 2.99 3.58 Buy DCF
03/22/19 DMG & Partners Singtel 2.97 3.06 Neutral
03/26/19 CIMB Singtel 2.97 3.3 Add Sum of parts

Singapore Post - Stock calls


Date Analyst Company Last Target Call Valuation
01/10/18 OCBC Singapore Post 1.23 1.26 Hold
02/02/18 OCBC Singapore Post 1.3 1.26 Hold
02/05/18 CIMB Singapore Post 1.38 1.58 Add DCF
02/05/18 UOB Kay Hian Singapore Post 1.38 1.62 Buy Sum of parts
02/05/18 Kim Eng Singapore Post 1.38 1.5 Buy DCF
02/05/18 DBS Vickers Singapore Post 1.38 1.61 Buy DCF
03/06/18 DBS Vickers Singapore Post 1.33 1.61 Buy
03/16/18 UOB Kay Hian Singapore Post 1.37 1.6 Buy Sum of parts
04/02/18 Kim Eng Singapore Post 1.37 1.5 Buy DCF
04/24/18 UOB Kay Hian Singapore Post 1.31 1.6 Buy Sum of parts
05/14/18 UOB Kay Hian Singapore Post 1.36 1.59 Buy Sum of parts
05/14/18 Kim Eng Singapore Post 1.36 1.5 Buy DCF
05/14/18 CIMB Singapore Post 1.36 1.59 Add DCF
05/14/18 OCBC Singapore Post 1.36 1.5 Buy
05/15/18 DBS Vickers Singapore Post 1.37 1.55 Buy DCF
06/04/18 UOB Kay Hian Singapore Post 1.32 1.59 Buy
06/11/18 CIMB Singapore Post 1.36 1.59 Add
07/02/18 Kim Eng Singapore Post 1.26 1.5 Buy DCF
07/06/18 DBS Vickers Singapore Post 1.27 1.55 Buy DCF
07/13/18 UOB Kay Hian Singapore Post 1.3 1.59 Buy
08/03/18 OCBC Singapore Post 1.23 1.53 Buy
08/06/18 DBS Vickers Singapore Post 1.25 1.28 Hold DCF
08/06/18 UOB Kay Hian Singapore Post 1.25 1.45 Hold Sum of parts, Buy @ $1.23
08/06/18 OCBC Singapore Post 1.25 1.5 Buy
08/07/18 CIMB Singapore Post 1.23 1.27 Hold DCF
11/05/18 UOB Kay Hian Singapore Post 1.03 1.04 Hold Sum of parts, PER24x FY19, Buy @ $0.90
11/05/18 CIMB Singapore Post 1.03 1.12 Hold DCF, PER20.3x FY20
11/05/18 DBS Vickers Singapore Post 1.03 1.04 Hold DCF
02/04/19 UOB Kay Hian Singapore Post 0.965 1.04 Hold Sum of parts
02/04/19 CIMB Singapore Post 0.965 1.03 Hold DCF
02/04/19 DBS Vickers Singapore Post 0.965 0.92 Hold DCF
02/04/19 Lim & Tan Singapore Post 0.965 0 Hold
02/04/19 OCBC Singapore Post 0.965 1.23 Buy
02/08/19 OCBC Singapore Post 0.955 1 Hold
02/08/19 CLSA Singapore Post 0.955 1.17 Buy