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Friday, December 20, 2019

Sunpower - Stock calls

Date Analyst Company Last Target Call Valuation
01/10/19 UOB Kay Hian Sunpower 0.385 0.76 Buy Sum of parts
03/01/19 UOB Kay Hian Sunpower 0.585 0.88 Buy Sum of parts
08/16/19 UOB Kay Hian Sunpower 0.44 0.83 Buy
12/06/19 Amfrasers Sunpower 0.55 0.91 outperform Sum of parts
12/16/19 DBS Vickers Sunpower 0.59 0.81 Buy DCF

Cathy Pacific is reaping what it had sowed in the past.

https://www.scmp.com/news/hong-kong/transport/article/3042540/cathay-pacific-staff-leaving-new-round-employee-exits

Cathy Pacific has no choice but to streamline its human resources to cut costs now.  Cathy Pacific encouraged its employees to protest against the HK government without thinking of its consequences.  In the end, it is reaping what it has sowed as its employees are facing job securities now.

http://sg-stock.blogspot.com/2019/09/cathy-pacific-is-high-risk-airliner-fly.html

http://sg-stock.blogspot.com/2019/09/cathy-pacific-to-cut-capacity-because.html

I hope that Cathy Pacific will use this job cutting exercise to eradicate the 3,000 terrorists in its company for the sake of passengers' safety.

The wall street analysts are starting to share my viewpoints now.

https://www.marketwatch.com/story/why-wall-street-sees-the-stock-market-on-the-verge-of-a-melt-up-2019-12-16?siteid=yhoof2&yptr=yahoo

I've stated in September 2019 that the US economy would be in a precarious situation after March 2020 (after Q1 2020).  The wall street analysts are starting to share my viewpoints now.

http://sg-stock.blogspot.com/2019/09/ecb-cut-rates-and-restart-qe.html

Thus, the end of Q1 2020 will also be the end of the stock market euphoria and I've stated this much earlier than other analysts.

Thursday, December 19, 2019

Sunningdale - Stock calls

Date Analyst Company Last Target Call Valuation
03/01/19 UOB Kay Hian Sunningdale 1.56 1.3 Hold PER11x FY19, Buy @ $1.20
03/01/19 Lim & Tan Sunningdale 1.56 0 Hold
03/05/19 CIMB Sunningdale 1.4 1.38 Reduce PB0.69x FY19
04/11/19 Lim & Tan Sunningdale 1.39 0 Hold
05/07/19 Lim & Tan Sunningdale 1.35 0 Hold
05/09/19 UOB Kay Hian Sunningdale 1.32 1.22 Hold PER11x FY20, Buy @ $1.10
05/09/19 CIMB Sunningdale 1.32 1.38 Hold PB0.69x FY19
08/07/19 UOB Kay Hian Sunningdale 1.28 1.01 Sell
11/08/19 UOB Kay Hian Sunningdale 1.27 1.13 Hold PER12.3x FY20, Buy @ $1.05
12/13/19 Lim & Tan Sunningdale 1.28 0 Buy

Starhub - Stock calls

Date Analyst Company Last Target Call Valuation
01/02/19 UOB Kay Hian Starhub 1.75 1.6 Sell
01/02/19 Kim Eng Starhub 1.75 2.21 Buy
01/04/19 Phillip Starhub 1.71 1.88 Accumlate EV/Ebitda6x FY19
01/14/19 DMG & Partners Starhub 1.77 1.9 Neutral
01/15/19 DBS Vickers Starhub 1.77 2.45 Buy DCF
02/07/19 Kim Eng Starhub 1.82 2.21 Buy
02/08/19 DBS Vickers Starhub 1.89 2.45 Buy
02/15/19 OCBC Starhub 1.9 1.64 Sell
02/15/19 DMG & Partners Starhub 1.9 2.02 Neutral DCF
02/15/19 DBS Vickers Starhub 1.9 1.92 Hold DCF
02/15/19 Lim & Tan Starhub 1.9 0 Sell
02/18/19 Phillip Starhub 1.67 1.58 Neutral EV/Ebitda
02/18/19 Kim Eng Starhub 1.67 2.18 Buy DCF
02/18/19 UOB Kay Hian Starhub 1.67 1.45 Sell DCF
02/19/19 CIMB Starhub 1.61 2 Hold DCF
03/26/19 CIMB Starhub 1.51 1.65 Hold DCF (10% discount)
04/01/19 Kim Eng Starhub 1.49 2.18 Buy
05/06/19 Phillip Starhub 1.58 1.62 Neutral
05/06/19 UOB Kay Hian Starhub 1.58 1.45 Sell DCF
05/06/19 CIMB Starhub 1.58 1.65 Hold DCF (10% discount)
05/06/19 DMG & Partners Starhub 1.58 1.72 Neutral DCF
05/06/19 OCBC Starhub 1.58 1.64 Hold
05/06/19 Kim Eng Starhub 1.58 2 buy DCF
06/03/19 Phillip Starhub 1.49 1.62 Accumlate EV/Ebitda6x FY19
06/06/19 DMG & Partners Starhub 1.49 1.72 Neutral
07/17/19 UOB Kay Hian Starhub 1.54 1.45 Sell DCF
08/07/19 Phillip Starhub 1.48 1.58 Accumlate EV/Ebitda6x
08/07/19 DMG & Partners Starhub 1.48 1.52 Neutral DCF
08/07/19 OCBC Starhub 1.48 1.52 Hold
08/07/19 UOB Kay Hian Starhub 1.48 1.45 Sell
08/07/19 DBS Vickers Starhub 1.48 1.55 Hold EV/Ebitda 6.6x FY19
08/13/19 CIMB Starhub 1.45 1.65 Hold DCF
10/18/19 DBS Vickers Starhub 1.28 1.55 Hold
10/24/19 DBS Vickers Starhub 1.32 1.3 Hold EV/Ebitda6x FY20
10/24/19 CIMB Starhub 1.32 1.65 Hold
10/24/19 Kim Eng Starhub 1.32 2 Buy
11/06/19 CIMB Starhub 1.32 1.65 Add DCF
11/06/19 Kim Eng Starhub 1.32 2 Buy DCF
11/06/19 DMG & Partners Starhub 1.32 1.44 Neutral DCF
11/06/19 UOB Kay Hian Starhub 1.32 1.45 Hold EV/Ebitda5.4x, Buy @ $1.25
11/07/19 Phillip Starhub 1.43 1.58 Accumlate EV/Ebitda6x
11/07/19 OCBC Starhub 1.43 1.32 Hold
11/07/19 DBS Vickers Starhub 1.43 1.43 Buy EV/Ebitda6x

Starhill - Stock calls

Date Analyst Company Last Target Call Valuation
01/02/19 DMG & Partners Starhill 0.68 0.8 Buy DDM
01/31/19 CIMB Starhill 0.72 0.75 Add DDM
01/31/19 DBS Vickers Starhill 0.72 0.75 Buy
02/01/19 OCBC Starhill 0.715 0.75 Buy
03/13/19 DMG & Partners Starhill 0.7 0.8 Buy
03/19/19 OCBC Starhill 0.7 0.75 Buy
03/20/19 DBS Vickers Starhill 0.695 0.75 Buy
03/21/19 DMG & Partners Starhill 0.705 0.78 Buy DDM
03/22/19 CIMB Starhill 0.7 0.74 Add DDM
04/29/19 OCBC Starhill 0.75 0.8 Buy
04/29/19 DMG & Partners Starhill 0.75 0.78 Buy DDM
04/29/19 DBS Vickers Starhill 0.75 0.8 Buy
04/29/19 CIMB Starhill 0.75 0.77 Add
04/29/19 Kim Eng Starhill 0.75 0.7 Hold
04/30/19 UOB Kay Hian Starhill 0.755 0.9 Buy DDM
05/07/19 DMG & Partners Starhill 0.74 0.78 Buy DDM
06/06/19 DMG & Partners Starhill 0.735 0.78 Buy
06/17/19 OCBC Starhill 0.755 0.8 Buy
07/04/19 DMG & Partners Starhill 0.78 0.78 Buy
07/31/19 CIMB Starhill 0.8 0.79 Hold
08/02/19 DMG & Partners Starhill 0.78 0.78 Neutral DDM
08/06/19 OCBC Starhill 0.775 0.81 Buy
10/07/19 CIMB Starhill 0.74 0.75 Hold DDM
12/10/19 DMG & Partners Starhill 0.725 0.8 Neutral

Stock calls for 19 December 2019

Date Analyst Company Last Target Call Valuation
12/19/19 DBS Vickers A-Reit 2.92 3.4 Buy
12/19/19 Kim Eng ART 1.35 1.4 Hold DDM
12/19/19 DBS Vickers Ascendas India Trust 1.53 1.65 Buy
12/19/19 DBS Vickers Far East Hospitality 0.72 0.8 Buy
12/19/19 DBS Vickers Frasers Centrepoint Trust 2.7 2.95 Buy
12/19/19 DMG & Partners Keppel Corp 6.75 7.8 Buy
12/19/19 DBS Vickers Mapletree Industrial 2.52 2.75 Buy
12/19/19 DBS Vickers Mapletree Logistics 1.67 1.9 Buy
12/19/19 Lim & Tan Overseas Edu 0.32 0 Buy
12/19/19 DMG & Partners ST Engineering 3.9 4.55 Buy
12/19/19 DMG & Partners Wilmar 4.08 4.75 Buy

Wednesday, December 18, 2019

Stamford Land - Stock calls

Date Analyst Company Last Target Call Valuation
05/23/19 Lim & Tan Stamford Land 0.49 0 Hold

ST Engineering - Stock calls

Date Analyst Company Last Target Call Valuation
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
04/15/19 Kim Eng ST Engineering 3.82 4.25 Buy
04/25/19 UOB Kay Hian ST Engineering 3.9 4.7 Buy EV/Invested capital basis
04/25/19 DMG & Partners ST Engineering 3.9 4.1 Buy
04/25/19 Kim Eng ST Engineering 3.9 4.3 Buy DCF
04/26/19 DBS Vickers ST Engineering 3.89 4.15 Buy
05/13/19 UOB Kay Hian ST Engineering 4.02 4.7 Buy
05/16/19 OCBC ST Engineering 3.9 4.22 Buy
05/16/19 DBS Vickers ST Engineering 3.9 4.5 Buy Sum of parts
05/16/19 CIMB ST Engineering 3.9 4.43 Add PER22x FY20
05/22/19 DMG & Partners ST Engineering 3.96 4.45 Buy DCF & PER20.5x FY20 & PB5.5x FY20 & EV/Ebitda11x FY20
06/06/19 DMG & Partners ST Engineering 4 4.45 Buy
06/06/19 DBS Vickers ST Engineering 4 4.5 Buy
06/13/19 OCBC ST Engineering 4.09 4.38 Buy
06/13/19 UOB Kay Hian ST Engineering 4.09 4.7 Buy
07/05/19 DMG & Partners ST Engineering 4.24 4.45 Buy PER20.5x FY20 & PB5.5x FY20 & EV/Ebitda11x FY20 & DCF
07/15/19 UOB Kay Hian ST Engineering 4.29 4.7 Buy
08/15/19 UOB Kay Hian ST Engineering 4.22 4.36 Hold
08/15/19 DMG & Partners ST Engineering 4.22 4.7 Buy Sum of parts
08/15/19 OCBC ST Engineering 4.22 4.64 Buy DCF
08/16/19 CIMB ST Engineering 4.07 4.36 Add Sum of parts
08/16/19 DBS Vickers ST Engineering 4.07 4.64 Buy Sum of parts
08/16/19 Lim & Tan ST Engineering 4.07 0 Hold
09/11/19 DMG & Partners ST Engineering 3.9 4.7 Buy
09/18/19 UOB Kay Hian ST Engineering 3.9 4.34 Buy
09/20/19 Kim Eng ST Engineering 3.92 4.3 Hold
10/01/19 DBS Vickers ST Engineering 3.84 4.64 Buy
10/02/19 DMG & Partners ST Engineering 3.85 4.7 Buy Sum of parts
10/08/19 Kim Eng ST Engineering 3.91 4.5 Buy DCF
10/09/19 UOB Kay Hian ST Engineering 3.92 4.34 Buy
10/14/19 CIMB ST Engineering 4.02 4.36 Add
11/11/19 DMG & Partners ST Engineering 4.12 4.7 Buy Sum of parts
11/12/19 DBS Vickers ST Engineering 4 4.64 Buy
11/12/19 CIMB ST Engineering 4 4.47 Add
11/12/19 Kim Eng ST Engineering 4 4.5 Buy
11/12/19 OCBC ST Engineering 4 4.64 Buy
11/12/19 DMG & Partners ST Engineering 4 4.55 Buy Sum of parts
11/12/19 UOB Kay Hian ST Engineering 4 4.32 Buy

SPH Reit - Stock calls

Date Analyst Company Last Target Call Valuation
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
04/08/19 Kim Eng SPH Reit 1.06 1.05 Hold DDM
04/08/19 CIMB SPH Reit 1.06 1.08 Hold DDM
04/08/19 OCBC SPH Reit 1.06 1 Hold
04/08/19 DBS Vickers SPH Reit 1.06 1.15 Buy DCF
07/12/19 CIMB SPH Reit 1.12 1.11 Hold DDM
07/12/19 Lim & Tan SPH Reit 1.12 0 Hold
07/15/19 OCBC SPH Reit 1.1 1.05 Hold
07/16/19 Kim Eng SPH Reit 1.1 1.05 Hold DDM
07/17/19 DBS Vickers SPH Reit 1.11 1.2 Buy DCF
10/11/19 CIMB SPH Reit 1.11 1.09 Hold DDM
10/11/19 DBS Vickers SPH Reit 1.11 1.25 Buy DCF
10/11/19 Kim Eng SPH Reit 1.11 1.1 Hold DDM
10/14/19 OCBC SPH Reit 1.13 1.05 Hold
10/15/19 OCBC SPH Reit 1.15 1.1 Hold
11/08/19 DBS Vickers SPH Reit 1.14 1.25 Buy
11/08/19 CIMB SPH Reit 1.14 1.16 Hold DDM

Stock calls for 18 December 2019

Date Analyst Company Last Target Call Valuation
12/18/19 Lim & Tan Capitaland 3.67 0 Hold
12/18/19 DBS Vickers Keppel DC Reit 1.97 2.23 Buy DCF

Tuesday, December 17, 2019

Economic fissures are starting to show up in Hong Kong now.

https://www.channelnewsasia.com/news/business/seven-hong-kong-airlines-planes-impounded-by-authority-12190534

HK airlines are struggling now.

https://www.chinadaily.com.cn/a/201911/18/WS5dd2a0efa310cf3e355782e4.html

HK unemployment rate is rising and looks set to increase further.

More bad economic statistics will show up soon.

SPH - Stock calls

Date Analyst Company Last Target Call Valuation
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
04/03/19 UOB Kay Hian SPH 2.43 2.82 Buy
04/10/19 Lim & Tan SPH 2.53 0 Hold
04/10/19 CIMB SPH 2.53 2.64 Hold Sum of parts
04/18/19 UOB Kay Hian SPH 2.46 2.86 Buy Sum of parts
04/18/19 OCBC SPH 2.46 2.55 Hold
05/13/19 UOB Kay Hian SPH 2.39 2.86 Buy
06/06/19 UOB Kay Hian SPH 2.31 2.86 Buy Sum of parts
07/15/19 UOB Kay Hian SPH 2.49 2.33 Hold Sum of parts, Buy @ $2.10
07/16/19 CIMB SPH 2.32 2.22 Hold Sum of parts
07/16/19 DBS Vickers SPH 2.32 2.22 Hold Sum of parts
09/10/19 Lim & Tan SPH 1.99 0 Hold
10/21/19 UOB Kay Hian SPH 2.15 2.25 Hold Sum of parts, Buy @ $2
10/21/19 DBS Vickers SPH 2.15 2.19 Hold Sum of parts

Soilbuild Reit - Stock calls

Date Analyst Company Last Target Call Valuation
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
04/22/19 OCBC Soilbuild Reit 0.63 0.62 Hold
04/22/19 DBS Vickers Soilbuild Reit 0.63 0.63 Hold DCF
05/31/19 OCBC Soilbuild Reit 0.6 0.62 Hold
07/17/19 Amfrasers Soilbuild Reit 0.615 0.609 Neutral DDM
07/18/19 Lim & Tan Soilbuild Reit 0.61 0 Hold
07/19/19 UOB Kay Hian Soilbuild Reit 0.615 0.6 Hold
07/19/19 DBS Vickers Soilbuild Reit 0.615 0.63 Hold DCF
09/03/19 OCBC Soilbuild Reit 0.55 0.58 Accept offer
10/18/19 DBS Vickers Soilbuild Reit 0.525 0.55 Hold DCF
10/18/19 OCBC Soilbuild Reit 0.525 0.52 Hold
10/18/19 Amfrasers Soilbuild Reit 0.525 0.58 Neutral

Singtel - Stock calls

Date Analyst Company Last Target Call Valuation
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
01/04/19 Citibank Singtel 2.86 3.46 Buy
01/14/19 DMG & Partners Singtel 3.05 3.22 Neutral
01/14/19 Citibank Singtel 3.05 3.55 Buy
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
02/15/19 Citibank Singtel 3.03 3.5 Buy
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
04/01/19 Kim Eng Singtel 3.02 3.39 Hold
04/09/19 DBS Vickers Singtel 3.06 3.55 Buy Sum of parts
04/09/19 Citibank Singtel 3.06 3.48 Buy
05/09/19 DBS Vickers Singtel 3.11 3.55 Buy Sum of parts
05/16/19 DMG & Partners Singtel 3.13 3.35 Neutral Sum of parts
05/16/19 OCBC Singtel 3.13 3.59 Buy
05/16/19 CIMB Singtel 3.13 3.4 Add Sum of parts
05/16/19 UOB Kay Hian Singtel 3.13 3.58 Buy
05/16/19 Kim Eng Singtel 3.13 3.37 Hold Sum of parts
05/16/19 Citibank Singtel 3.13 3.62 Buy
05/17/19 Phillip Singtel 3.14 3.31 Accumulate Sum of parts, EV/Ebitda7x FY20
06/03/19 Phillip Singtel 3.2 3.66 Buy EV/Ebitda7x FY20
06/06/19 DMG & Partners Singtel 3.21 3.35 Neutral
06/06/19 DBS Vickers Singtel 3.21 3.55 Buy
06/13/19 UOB Kay Hian Singtel 3.32 3.58 Buy DCF
06/13/19 Kim Eng Singtel 3.32 3.48 Hold Sum of parts
06/14/19 CIMB Singtel 3.35 3.5 Add Sum of parts
06/14/19 Citibank Singtel 3.35 3.95 Buy
07/08/19 DBS Vickers Singtel 3.56 3.6 Hold Sum of parts
07/15/19 Phillip Singtel 3.54 3.66 Accumulate Sum of parts
07/23/19 DMG & Partners Singtel 3.52 3.4 Neutral Sum of parts
07/23/19 Citibank Singtel 3.52 3.97 Buy
08/07/19 DBS Vickers Singtel 3.52 3.4 Hold Sum of parts
08/08/19 Kim Eng Singtel 3.29 3.44 Hold Sum of parts
08/13/19 Phillip Singtel 3.26 3.45 Accumulate Sum of parts
08/13/19 DMG & Partners Singtel 3.26 3.4 Neutral Sum of parts
08/13/19 CIMB Singtel 3.26 3.6 Add Sum of parts
08/13/19 UOB Kay Hian Singtel 3.26 3.32 Hold DCF, Buy @ $3
08/13/19 DBS Vickers Singtel 3.26 3.25 Hold EV/Ebitda6.3x
08/14/19 OCBC Singtel 3.18 3.61 Buy
09/27/19 UOB Kay Hian Singtel 3.13 3.32 Hold DCF, Buy @ $3
10/10/19 Kim Eng Singtel 3.14 3.44 Hold Sum of parts
10/10/19 DBS Vickers Singtel 3.14 3.12 Hold EV/Ebitda6x
10/11/19 Phillip Singtel 3.15 3.45 Accumulate
10/18/19 CIMB Singtel 3.16 3.6 Add
11/11/19 UOB Kay Hian Singtel 3.35 3.32 Hold DCF, Buy @ $3
11/15/19 Lim & Tan Singtel 3.3 0 Hold
11/18/19 Phillip Singtel 3.18 3.31 Accumulate Sum of parts
11/18/19 DMG & Partners Singtel 3.18 3.5 Neutral Sum of parts
11/18/19 CIMB Singtel 3.18 3.6 Add Sum of parts
11/18/19 DBS Vickers Singtel 3.18 3.12 Hold
11/18/19 OCBC Singtel 3.18 3.53 Buy
11/22/19 DBS Vickers Singtel 3.26 3.6 Buy Sum of parts
12/03/19 Kim Eng Singtel 3.46 3.72 Hold Sum of parts
12/05/19 CIMB Singtel 3.4 3.7 Add Sum of parts
12/09/19 UOB Kay Hian Singtel 3.43 3.32 Hold DCF, Buy @ $3
12/16/19 Phillip Singtel 3.39 3.53 Accumulate Sum of parts