Stock calls for 17 April 2020

Date	Analyst	Company	Last	Target	Call	Valuation
04/17/20	UOB Kay Hian	DBS	19.38	22.1	Buy
04/17/20	DBS Vickers	Mapletree Industrial	2.41	2.7	Buy
04/17/20	DMG & Partners	ST Engineering	3.44	4.65	Buy	Sum of parts

Singapore's Nodx surged to 17.6% in March 2020.

https://sg.finance.yahoo.com/news/singapore-march-exports-jump-due-003003141.html

Year on year changes (YOY):

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%

http://sg-stock.blogspot.com/2020/03/singapore-nodx-climbed-3-yoy-in-february.html

It is time to sue the US in the United Nations for economic losses and unnecessary deaths caused by covid-19.

I urge all the nations' universities to conduct scientific researches on the origin of the covid-19 so that all the countries can use the worldwide scientific evidence to sue the US in the United Nations for economic losses and unnecessary deaths caused by covid-19.

China had presented the scientific evidence a long time ago on the origin of covid-19.  Covid-19 H38 was the ancestral haplotype which was traced back to the US.

http://sg-stock.blogspot.com/2020/02/japan-and-russia-alleged-that-covid-19.html

The Cambridge university also traced the A-type virus back to the US in the latest scientific research.

http://sg-stock.blogspot.com/2020/04/cambrigde-university-got-caught-for.html

We must make the US pay this time and stop it from fabricating the origin of the Wuhan virus.

Cambridge university got caught for editing its research about the origin of covid-19.

https://www.cam.ac.uk/research/news/covid-19-genetic-network-analysis-provides-snapshot-of-pandemic-origins

Original:

"mutated versions of 'A' were seen in Americans reported to have lived in Wuhan, and a large number of A-type viruses were found in patients from the US and Australia."

Edition:

 "Versions of ‘A’ were seen in Chinese individuals, and Americans reported to have lived in Wuhan, and mutated versions of ‘A’ were found in patients from the USA and Australia."

Cambridge scientists had provided the proof through genetic sequencing that covid-19 originated in the US but later changed its sentence.  This must be due to the US exerting tremendous pressure on the UK government to alter the Cambridge University research paper.

The original version stated that a large number of original A-type viruses were found in the US and Australia.  This sentence meant that the virus first started in the US and Australia before the virus went to China.

China Sunsine - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/03/19	phillip	China Sunsine	1.17	1.43	Buy	FCFE
08/08/19	phillip	China Sunsine	1.08	1.43	Buy	FCFE
10/04/19	CIMB	China Sunsine	1.1	1.1	Hold
10/10/19	Amfrasers	China Sunsine	1.12	1.4	Outperform	DCF
11/12/19	Amfrasers	China Sunsine	1.03	1.2	Outperform	DCF
12/02/19	Amfrasers	China Sunsine	1.03	1.2	Outperform	DCF
04/06/20	CIMB	China Sunsine	0.28	0.38	Add	After stock split (1 into 2)

China Everbright - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/21/19	phillip	China Everbright	0.385	0.5	Buy	PER9x
08/16/19	phillip	China Everbright	0.315	0.5	Buy	PER9x

China Aviation Oil - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/02/19	CIMB	China Aviation Oil	1.38	1.7	Add	PER11x FY20
04/26/19	DMG & Partners	China Aviation Oil	1.43	1.6	Buy
04/29/19	UOB Kay Hian	China Aviation Oil	1.39	1.25	Hold	PER8.4x FY19, Buy @ $1.1
05/02/19	phillip	China Aviation Oil	1.37	1.67	Buy	PER11.5x FY20
05/03/19	DMG & Partners	China Aviation Oil	1.36	1.6	Buy	Sum of parts, PER5.8x FY19, ex-cash
06/11/19	DMG & Partners	China Aviation Oil	1.31	1.6	Buy
07/10/19	DMG & Partners	China Aviation Oil	1.3	1.6	Buy
08/08/19	DMG & Partners	China Aviation Oil	1.23	1.6	Buy
08/13/19	phillip	China Aviation Oil	1.18	1.52	Buy	PER10.5x FY20
08/13/19	DMG & Partners	China Aviation Oil	1.18	1.5	Buy	Sum of parts
08/13/19	DBS Vickers	China Aviation Oil	1.18	1.85	Buy
09/02/19	DMG & Partners	China Aviation Oil	1.15	1.5	Buy	Sum of parts
11/04/19	DMG & Partners	China Aviation Oil	1.23	1.55	Buy	Sum of parts
01/21/20	DMG & Partners	China Aviation Oil	1.28	1.55	Buy
02/27/20	CIMB	China Aviation Oil	1.16	1.25	Hold	PER8.5x FY21
02/28/20	DBS Vickers	China Aviation Oil	1.16	1.65	Buy	PER10x FY20
03/12/20	DMG & Partners	China Aviation Oil	0.965	1.3	Buy	Sum of parts

Stock calls for 16 April 2020

Date	Analyst	Company	Last	Target	Call	Valuation
04/16/20	UOB Kay Hian	ARA Hospitality	0.445	0.7	Buy	DDM
04/16/20	CIMB	Japfa	0.51	0.95	Add
04/16/20	UOB Kay Hian	Japfa	0.51	0.9	Buy	Sum of parts
04/16/20	DBS Vickers	Japfa	0.51	0.84	Buy
04/16/20	DMG & Partners	Thai Beverage	0.675	0.79	Buy	Sum of parts

US retail sales, NY Manufacturing and unemployment claims are deteriorating!

https://finance.yahoo.com/news/the-economy-is-literally-in-freefall-economist-march-2020-retail-sales-coronavirus-covid-161034344.html

US retail sales dropped by 8.7%.

US NY Manufacturing index dropped to -78.2 in April 2020.

US unemployment claims hit about 17m.

The gloomy US economic growth had been predicted by our analysis of the ISM PMI.

http://sg-stock.blogspot.com/2020/04/the-us-ism-pmi-for-march-2020-is.html

If you wanna know the relationship between PMI and GDP, please read our post below.

http://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html

IMF: The world GDP will contract by 3% in 2020.

https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020

The US GDP will contract by 5.9% in 2020, the Euro area will contract by 7.5% in 2020 and Japan will contract by 5.2%.

The stock markets have not fully factored in all these economic contractions as the investors have been too optimistic.

There is not much the US, EU, and Japan can do because they've used up their monetary ammunition as their interest rates are at zero or in negative territory already.  Negative interest rates will hurt the financial industry badly.

https://finance.yahoo.com/news/imf-warns-japan-against-deepening-000000940.html

http://sg-stock.blogspot.com/2019/08/a-new-world-unchartered-territory.html

Centurion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/15/19	DMG & Partners	Centurion	0.405	0.41	Neutral	DCF
08/15/19	DMG & Partners	Centurion	0.41	0.43	Neutral	DCF
10/07/19	DMG & Partners	Centurion	0.4	0.43	Neutral	DCF
10/25/19	DBS Vickers	Centurion	0.41	0.52	Buy	DCF
11/14/19	DMG & Partners	Centurion	0.42	0.43	Neutral	DCF
11/14/19	DBS Vickers	Centurion	0.42	0.52	Buy	DCF
12/17/19	DMG & Partners	Centurion	0.435	0.47	Neutral	DCF
01/08/20	CIMB	Centurion	0.44	0.61	Add	DCF
03/02/20	DMG & Partners	Centurion	0.445	0.49	Neutral	DCF
03/02/20	DBS Vickers	Centurion	0.445	0.53	Buy	DCF
03/18/20	CIMB	Centurion	0.39	0.58	Add	DCF
03/30/20	DBS Vickers	Centurion	0.395	0.41	Hold	DCF
04/13/20	CIMB	Centurion	0.385	0.58	Add

CEI - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/13/19	CIMB	CEI	0.985	0.9	Hold	PER10x FY20