Mapletree Industrial - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
07/11/19	CIMB	Mapletree Industrial	2.29	2.32	Add	DDM
07/11/19	Kim Eng	Mapletree Industrial	2.29	2.4	Buy	DDM
07/11/19	DBS Vickers	Mapletree Industrial	2.29	2.5	Buy	DCF
07/22/19	Phillip	Mapletree Industrial	2.31	2.03	Neutral	DDM, PB1.36x FY19
07/24/19	OCBC	Mapletree Industrial	2.3	2.06	Hold
07/24/19	CIMB	Mapletree Industrial	2.3	2.37	Hold
07/25/19	OCBC	Mapletree Industrial	2.25	2.29	Hold
07/25/19	UOB Kay Hian	Mapletree Industrial	2.25	1.94	Hold
08/26/19	Phillip	Mapletree Industrial	2.28	2.03	Neutral
09/13/19	UOB Kay Hian	Mapletree Industrial	2.3	2.58	Buy	DDM
09/17/19	OCBC	Mapletree Industrial	2.33	2.29	Hold
09/19/19	Kim Eng	Mapletree Industrial	2.4	2.5	Buy
09/19/19	OCBC	Mapletree Industrial	2.4	2.55	Buy
09/24/19	Phillip	Mapletree Industrial	2.47	2.03	Neutral
09/25/19	DBS Vickers	Mapletree Industrial	2.49	2.75	Buy
09/26/19	CIMB	Mapletree Industrial	2.49	2.44	Add	DDM
10/10/19	UOB Kay Hian	Mapletree Industrial	2.5	2.69	Buy
10/18/19	Phillip	Mapletree Industrial	2.57	2.06	Neutral
10/24/19	OCBC	Mapletree Industrial	2.52	2.55	Hold
10/24/19	UOB Kay Hian	Mapletree Industrial	2.52	2.9	Buy
10/24/19	DBS Vickers	Mapletree Industrial	2.52	2.75	Buy
11/21/19	Kim Eng	Mapletree Industrial	2.5	2.7	Buy
11/25/19	Phillip	Mapletree Industrial	2.51	2.03	Neutral
12/19/19	DBS Vickers	Mapletree Industrial	2.52	2.75	Buy
01/22/20	OCBC	Mapletree Industrial	2.78	2.87	Hold
01/22/20	DBS Vickers	Mapletree Industrial	2.78	3	Buy
01/23/20	UOB Kay Hian	Mapletree Industrial	2.77	2.9	Buy
02/04/20	DBS Vickers	Mapletree Industrial	2.78	3	Buy
03/02/20	DBS Vickers	Mapletree Industrial	2.68	3	Buy
03/13/20	Phillip	Mapletree Industrial	2.77	2.03	Neutral
03/18/20	UOB Kay Hian	Mapletree Industrial	2.14	2.9	Buy
04/17/20	DBS Vickers	Mapletree Industrial	2.41	2.7	Buy	DCF
04/28/20	Lim & Tan	Mapletree Industrial	2.44	0	Hold
04/29/20	Kim Eng	Mapletree Industrial	2.53	2.95	Buy	DDM
04/29/20	UOB Kay Hian	Mapletree Industrial	2.53	2.85	Buy
04/29/20	CIMB	Mapletree Industrial	2.53	2.66	Add	DDM
06/09/20	OCBC	Mapletree Industrial	2.82	2.84	Buy
06/24/20	Kim Eng	Mapletree Industrial	2.84	2.95	Buy	DDM
06/24/20	UOB Kay Hian	Mapletree Industrial	2.84	3.08	Buy
06/24/20	CIMB	Mapletree Industrial	2.84	2.81	Hold	DDM
07/02/20	DBS Vickers	Mapletree Industrial	2.9	3.25	Buy	DCF
07/22/20	Lim & Tan	Mapletree Industrial	2.97	0	Hold
07/22/20	OCBC	Mapletree Industrial	2.97	3.25	Buy
07/23/20	UOB Kay Hian	Mapletree Industrial	2.97	3.1	Buy
07/27/20	Kim Eng	Mapletree Industrial	3.16	3.3	Buy
08/18/20	DBS Vickers	Mapletree Industrial	3.14	3.25	Buy

Mapletree Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/10/19	CIMB	Mapletree Commercial	2.05	2.03	Add
07/19/19	DBS Vickers	Mapletree Commercial	2.07	2.25	Buy	DCF
07/26/19	OCBC	Mapletree Commercial	2.1	1.89	Sell
07/26/19	UOB Kay Hian	Mapletree Commercial	2.1	2.22	Buy
07/26/19	Lim & Tan	Mapletree Commercial	2.1	0	Hold
07/29/19	Kim Eng	Mapletree Commercial	2.07	2.1	Hold	DDM
08/22/19	CIMB	Mapletree Commercial	2.08	2.24	Add
08/28/19	UOB Kay Hian	Mapletree Commercial	2.12	2.22	Buy
09/09/19	DBS Vickers	Mapletree Commercial	2.24	2.39	Buy	DCF
09/27/19	Lim & Tan	Mapletree Commercial	2.36	0	Hold
09/30/19	UOB Kay Hian	Mapletree Commercial	2.34	2.38	Hold	DDM
09/30/19	Kim Eng	Mapletree Commercial	2.34	2.1	Hold
09/30/19	CIMB	Mapletree Commercial	2.34	2.38	Hold	DDM
10/16/19	UOB Kay Hian	Mapletree Commercial	2.34	2.38	Hold	DDM, Buy @ $2.16
10/16/19	CIMB	Mapletree Commercial	2.34	2.39	Hold	DDM
10/16/19	OCBC	Mapletree Commercial	2.34	2.28	Hold
10/16/19	Kim Eng	Mapletree Commercial	2.34	2.35	Hold	DDM
11/08/19	DBS Vickers	Mapletree Commercial	2.39	2.6	Buy	DCF
01/23/20	Kim Eng	Mapletree Commercial	2.44	2.45	Hold	DDM
01/24/20	DBS Vickers	Mapletree Commercial	2.43	2.6	Buy
01/24/20	Lim & Tan	Mapletree Commercial	2.43	0	Hold
02/03/20	OCBC	Mapletree Commercial	2.35	2.44	Hold
03/06/20	UOB Kay Hian	Mapletree Commercial	2.3	2.62	Buy	DDM
03/18/20	DBS Vickers	Mapletree Commercial	1.77	2.6	Buy
04/02/20	DBS Vickers	Mapletree Commercial	1.75	1.9	Buy
04/23/20	Lim & Tan	Mapletree Commercial	1.77	0	Take Profit
04/24/20	UOB Kay Hian	Mapletree Commercial	1.76	2.02	Buy	DDM
04/27/20	Kim Eng	Mapletree Commercial	1.76	2.15	Buy	DDM
05/27/20	UOB Kay Hian	Mapletree Commercial	1.95	2.38	Buy
05/29/20	DBS Vickers	Mapletree Commercial	1.66	2.25	Buy
06/03/20	DBS Vickers	Mapletree Commercial	2.07	2.25	Buy	DCF
06/08/20	Macquarie	Mapletree Commercial	2.12	2.05	Neutral
07/09/20	DBS Vickers	Mapletree Commercial	1.99	2.25	Buy
07/16/20	Kim Eng	Mapletree Commercial	1.94	2.15	Buy	DDM
07/27/20	UOB Kay Hian	Mapletree Commercial	1.88	2.35	Buy

Stock calls for 19 August 2020

Date	Analyst	Company	Last	Target	Call	Valuation
08/19/20	Macquarie	AIMS AMP Cap Ind Reit	1.18	1.45	Outperform
08/19/20	Macquarie	Capitamall Trust	1.88	2.45	Outperform	Sum of parts
08/19/20	Amfrasers	China Sunsine	0.345	0.47	Outperform
08/19/20	Lim & Tan	Comfortdelgro	1.41	0	Accumulate
08/19/20	Macquarie	Dairy Farm	4.21	5.7	Outperform	DCF
08/19/20	Macquarie	Frasers Logistics	1.39	1.6	outperform
08/19/20	DMG & Partners	Keppel Pacific	0.72	0.8	Buy
08/19/20	CIMB	Propnex	0.6	0.708	Add
08/19/20	Amfrasers	Singapore o&g	0.245	0.25	Neutral	PER16x
08/19/20	Phillip	Singtel	2.35	2.44	Neutral	Sum of parts
08/19/20	CIMB	Singtel	2.35	3.1	Add	Sum of parts
08/19/20	OCBC	Singtel	2.35	3.08	Buy
08/19/20	Lim & Tan	SPH	1.11	0	Hold
08/19/20	Macquarie	ST Engineering	3.48	3.45	outperform	Sum of parts
08/19/20	UOB Kay Hian	Tianjin Zhongxin	0.87	1.25	Buy	PER9.9x FY20
08/19/20	Macquarie	UOL	6.53	8.85	Outperform

Manulife US Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/04/19	DMG & Partners	Manulife US Reit	0.88	0.96	Buy
07/12/19	DMG & Partners	Manulife US Reit	0.875	0.98	Buy	DDM
08/15/19	Amfrasers	Manulife US Reit	0.89	0.98	outperform
08/15/19	DMG & Partners	Manulife US Reit	0.89	0.98	Buy	DDM
08/19/19	Kim Eng	Manulife US Reit	0.89	1	Buy	DDM
08/23/19	DBS Vickers	Manulife US Reit	0.895	1.1	Buy	DCF
09/11/19	DMG & Partners	Manulife US Reit	0.915	0.98	Buy
09/20/19	Kim Eng	Manulife US Reit	0.91	1.05	Buy	DDM
09/20/19	DMG & Partners	Manulife US Reit	0.91	1	Buy	DDM
09/20/19	Amfrasers	Manulife US Reit	0.91	1.01	outperform
10/02/19	DMG & Partners	Manulife US Reit	0.895	1	Buy
10/11/19	DBS Vickers	Manulife US Reit	0.905	1.1	Buy	DCF
11/01/19	CIMB	Manulife US Reit	0.915	1.12	Add	DDM
11/05/19	DMG & Partners	Manulife US Reit	0.92	1	Buy	DDM
11/05/19	DBS Vickers	Manulife US Reit	0.92	1.1	Buy
11/05/19	Kim Eng	Manulife US Reit	0.92	1.05	Buy
12/02/19	Amfrasers	Manulife US Reit	0.965	1.03	outperform
12/10/19	DMG & Partners	Manulife US Reit	1.02	1	Buy
12/13/19	DMG & Partners	Manulife US Reit	1	1.1	Buy	DDM
01/08/20	DMG & Partners	Manulife US Reit	0.99	1.1	Buy
02/06/20	DMG & Partners	Manulife US Reit	1.04	1.12	Buy	DDM
02/06/20	DBS Vickers	Manulife US Reit	1.04	1.15	Buy	DCF
02/06/20	Lim & Tan	Manulife US Reit	1.04	0	Hold
02/07/20	CIMB	Manulife US Reit	1.07	1.13	Add	DDM
02/07/20	Kim Eng	Manulife US Reit	1.07	1.15	Buy	DDM
02/11/20	Amfrasers	Manulife US Reit	1.05	1.11	Neutral
03/10/20	Amfrasers	Manulife US Reit	0.98	1.11	Neutral
03/20/20	DBS Vickers	Manulife US Reit	0.565	1.15	Buy
03/20/20	CIMB	Manulife US Reit	0.565	1.15	Add
03/25/20	DMG & Partners	Manulife US Reit	0.7	0.88	Buy	DDM
04/07/20	DMG & Partners	Manulife US Reit	0.665	0.88	Buy
05/11/20	DMG & Partners	Manulife US Reit	0.705	0.9	Buy	DDM
05/11/20	CIMB	Manulife US Reit	0.705	1.05	Add
06/23/20	DMG & Partners	Manulife US Reit	0.76	0.9	Buy
07/20/20	Phillip	Manulife US Reit	0.705	0.8	Buy	DDM
07/21/20	UOB Kay Hian	Manulife US Reit	0.7	0.85	Buy	DDM
08/04/20	Kim Eng	Manulife US Reit	0.775	1.15	Buy	DDM
08/04/20	DMG & Partners	Manulife US Reit	0.775	0.9	Buy	DDM
08/04/20	UOB Kay Hian	Manulife US Reit	0.775	0.85	Buy
08/04/20	Lim & Tan	Manulife US Reit	0.775	0	Buy at weakness
08/04/20	CIMB	Manulife US Reit	0.775	1.05	Add	DDM
08/06/20	Phillip	Manulife US Reit	0.795	0.9	Buy	DDM

Lippo Malls - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/21/20	CIMB	Lippo Malls	0.235	0.24	Hold	DDM

Lian Beng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/20	Lim & Tan	Lian Beng	0.525	0	Buy

Stock calls for 18 August 2020

Date	Analyst	Company	Last	Target	Call	Valuation
08/18/20	CIMB	APAC Realty	0.375	0.538	Add
08/18/20	DBS Vickers	Bumitama	0.515	0.66	Buy	DCF
08/18/20	UOB Kay Hian	Fu Yu	0.245	0.29	Buy
08/18/20	CIMB	Innotek	0.39	0.478	Add
08/18/20	DBS Vickers	Mapletree Industrial	3.14	3.25	Buy
08/18/20	CIMB	Sasseur	0.78	0.84	Add
08/18/20	DBS Vickers	SIA Engineering	1.86	2.4	Buy
08/18/20	DMG & Partners	Singtel	2.4	3.2	Buy	Sum of parts
08/18/20	DBS Vickers	Singtel	2.4	2.85	Buy	Sum of parts
08/18/20	DBS Vickers	ST Engineering	3.39	3.8	Buy
08/18/20	DMG & Partners	ST Engineering	3.39	3.9	Buy	Sum of parts
08/18/20	Phillip	Thai Beverage	0.635	0.82	Buy	PER18x FY21
08/18/20	UOB Kay Hian	Thai Beverage	0.635	0.78	Buy	Sum of parts
08/18/20	CIMB	UMS	1.06	1.1	Hold
08/18/20	Kim Eng	UMS	1.06	1.36	Buy
08/18/20	OCBC	Yanlord	1.3	1.41	Buy

Another constellation is aligning and a big financial crisis is brewing this time. - Part 7

Is Warren Buffett preparing for a financial crisis?

https://www.investopedia.com/berkshire-cuts-bank-holdings-takes-position-in-gold-5074946

Warren Buffett (WB) has been cutting back on financial shares and increasing the gold position.  Why?

It is a well-known fact that WB doesn't like gold because it doesn't pay any dividends at all.  Why is he buying gold now when its price is at an all-time high?

I think he is projecting the exact same outcome that I've been anticipating below.

http://sg-stock.blogspot.com/2020/07/another-constellation-is-aligning-and_75.html

The financial tsunami that I'm projecting is based on the following highlights.

Rising US-China tension (trade, economic, financial, sanction, etc)

Excessive monetary policies

Imploding debts

Covid virus

Natural disasters (floodings in China & Japan now, and the US typhoon season)

Unsustainable financial firms' earnings (bond trading income)

Lendlease Reit - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
10/15/19	DIR	Lendlease Reit	0.94	1.01	outperform
12/06/19	DBS Vickers	Lendlease Reit	0.92	1.05	Buy	DCF
02/12/20	DBS Vickers	Lendlease Reit	0.91	1.05	Buy
03/18/20	DBS Vickers	Lendlease Reit	0.48	0.94	Buy
04/02/20	DBS Vickers	Lendlease Reit	0.52	0.94	Buy
05/08/20	DBS Vickers	Lendlease Reit	0.575	0.85	Buy
06/01/20	DBS Vickers	Lendlease Reit	0.67	0.85	Buy
07/03/20	DBS Vickers	Lendlease Reit	0.68	0.85	Buy

KSH - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
11/12/19	Lim & Tan	KSH	0.465	0	Buy
01/28/20	Lim & Tan	KSH	0.415	0	Buy on weakness
04/06/20	Lim & Tan	KSH	0.29	0	Hold
08/03/20	Lim & Tan	KSH	0.345	0	Neutral

Koufu - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/03/19	UOB Kay Hian	Koufu	0.72	0.95	Buy
08/08/19	UOB Kay Hian	Koufu	0.71	0.95	Buy
08/08/19	DBS Vickers	Koufu	0.71	0.88	Buy	PER17x FY20
10/01/19	UOB Kay Hian	Koufu	0.72	0.95	Buy
10/01/19	DBS Vickers	Koufu	0.72	0.88	Buy
11/05/19	DBS Vickers	Koufu	0.755	0.88	Buy	PER17x FY20
11/06/19	UOB Kay Hian	Koufu	0.77	0.95	Buy
12/11/19	SAC Capital	Koufu	0.765	0.87	Buy
01/06/20	DBS Vickers	Koufu	0.775	0.88	Buy
02/12/20	UOB Kay Hian	Koufu	0.725	0.83	Buy
02/13/20	DBS Vickers	Koufu	0.735	0.84	Buy	PER17x FY20
03/02/20	DBS Vickers	Koufu	0.705	0.84	Buy	PER17x FY20
03/03/20	UOB Kay Hian	Koufu	0.71	0.81	Buy
03/03/20	Lim & Tan	Koufu	0.71	0	Hold
04/22/20	DBS Vickers	Koufu	0.615	0.68	Hold
04/24/20	UOB Kay Hian	Koufu	0.6	0.69	Buy
06/01/20	DBS Vickers	Koufu	0.65	0.68	Hold
06/15/20	DBS Vickers	Koufu	0.655	0.75	Buy	PER17x FY20/21
06/15/20	CIMB	Koufu	0.655	0.86	Add	PER19x FY21
07/02/20	CIMB	Koufu	0.695	0.86	Add	PER19x FY21
07/03/20	DBS Vickers	Koufu	0.715	0.75	Buy
07/03/20	UOB Kay Hian	Koufu	0.715	0.78	Buy
07/03/20	Lim & Tan	Koufu	0.715	0	Hold
08/05/20	Phillip	Koufu	0.67	0.8	Buy	PER18.5x FY21
08/12/20	DBS Vickers	Koufu	0.68	0.77	Buy	PER17x FY21
08/13/20	UOB Kay Hian	Koufu	0.675	0.78	Buy
08/13/20	Lim & Tan	Koufu	0.675	0	Buy on weakness
08/17/20	CIMB	Koufu	0.685	0.86	Add

Stock calls for 17 August 2020

Date	Analyst	Company	Last	Target	Call	Valuation
08/17/20	Phillip	APAC Realty	0.375	0.365	Neutral	DCF
08/17/20	DMG & Partners	Bumitama	0.51	0.65	Buy	PER11x FY21
08/17/20	Kim Eng	Bumitama	0.51	0.74	Buy
08/17/20	phillip	Comfortdelgro	1.39	1.65	Accumulate	DCF
08/17/20	UOB Kay Hian	Comfortdelgro	1.39	1.78	Buy
08/17/20	DBS Vickers	Comfortdelgro	1.39	1.63	Buy	PER15x FY21
08/17/20	DMG & Partners	Comfortdelgro	1.39	1.55	Buy	DCF, PER17.6x FY21
08/17/20	CIMB	Comfortdelgro	1.39	1.4	Hold
08/17/20	Kim Eng	Comfortdelgro	1.39	1.76	Buy	DCF
08/17/20	CIMB	First Resources	1.38	1.8	Add
08/17/20	DBS Vickers	First Resources	1.38	1.7	Buy	DCF
08/17/20	DMG & Partners	First Resources	1.38	1.45	Neutral	PER14x FY21
08/17/20	UOB Kay Hian	First Resources	1.38	1.65	Buy
08/17/20	Kim Eng	First Resources	1.38	1.79	Buy	PER18x FY20
08/17/20	Amfrasers	Frencken	1.04	1.21	outperform	PER12x FY21
08/17/20	DMG & Partners	Fu Yu	0.24	0.3	Buy	DCF
08/17/20	DBS Vickers	Fu Yu	0.24	0.27	Hold	PER12.6x FY21
08/17/20	Lim & Tan	Fu Yu	0.24	0	Buy
08/17/20	DMG & Partners	Golden Agri	0.154	0.13	Sell	Sum of parts
08/17/20	CIMB	Golden Agri	0.154	0.12	Reduce
08/17/20	CIMB	Koufu	0.685	0.86	Add
08/17/20	Lim & Tan	Overseas Edu	0.29	0	Buy
08/17/20	phillip	Propnex	0.59	0.7	Buy	DCF
08/17/20	UOB Kay Hian	Sasseur	0.775	0.99	Buy	DDM
08/17/20	DBS Vickers	ST Engineering	3.39	3.4	Hold	Sum of parts, Buy @ below $3.10
08/17/20	UOB Kay Hian	ST Engineering	3.39	3.4	Hold	Buy @ $3.15
08/17/20	CIMB	ST Engineering	3.39	3.76	Add
08/17/20	OCBC	ST Engineering	3.39	3.9	Buy
08/17/20	Amfrasers	Sunpower	0.575	0.91	outperform
08/17/20	DMG & Partners	Thai Beverage	0.605	0.72	Buy	Sum of parts
08/17/20	CIMB	Thai Beverage	0.605	0.7	Hold
08/17/20	Amfrasers	Thai Beverage	0.605	0.93	Outperform
08/17/20	Amfrasers	UMS	1.08	1.17	Neutral	PER13x FY21
08/17/20	UOB Kay Hian	Venture	20.25	17.64	Hold	PER14.4x FY21, Buy @ $16

Singapore Nodx rose 6% in July 2020.

https://sg.finance.yahoo.com/news/singapore-july-exports-rise-6-003000134.html

Year on year changes (YOY):

July 2020: 6%

June 2020: 16.1% (Revised to 13.9%)

May 2020: -4.6%

April 2020: 9.7%

March 2020: 17.6%

February 2020: 3% (Revised to 3.1%)

January 2020: - 3.3%

December 2019: 2.4%

November 2019: - 5.9%

October 2019: - 12.3%

September 2019: -8.1%

August 2019: - 8.9%

July 2019: -11.2%

June 2019: -17.3%

May 2019: -15.9%

April 2019: -10%

March 2019: -11.7%

February 2019: 4.9%

January 2019: -10.1%

December 2018: -8.5%

November 2018: -2.6%

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%