CSE Global - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/16	DBS Vickers	CSE Global	0.46	0.49	Hold
01/20/16	OCBC	CSE Global	0.45	0.54	Buy
01/26/16	UOB Kay Hian	CSE Global	0.46	0.41	Hold	PER7.65x FY16, Buy @ $0.36
02/26/16	CIMB	CSE Global	0.44	0.52	Add	PER9x CY17
02/26/16	DBS Vickers	CSE Global	0.44	0.46	Hold
05/11/16	CIMB	CSE Global	0.42	0.52	Add	PER9x CY17
05/12/16	DBS Vickers	CSE Global	0.435	0.4	Hold
05/12/16	OCBC	CSE Global	0.435	0.44	Hold	Buy @ $0.4
06/03/16	CIMB	CSE Global	0.42	0.52	Add
06/22/16	CIMB	CSE Global	0.435	0.57	Add	PER9.7x CY17
08/12/16	CIMB	CSE Global	0.46	0.52	Add	PER9.7x FY17
08/12/16	OCBC	CSE Global	0.46	0.43	Hold
08/15/16	DBS Vickers	CSE Global	0.465	0.41	Hold	PER9.6x FY16/17
09/30/16	CIMB	CSE Global	0.42	0.52	Add
10/12/16	OCBC	CSE Global	0.415	0.43	Hold
11/10/16	OCBC	CSE Global	0.41	0.4	Hold	PER9x FY17
11/14/16	CIMB	CSE Global	0.415	0.47	Add	PER9.7x FY18
12/05/16	CIMB	CSE Global	0.44	0.47	Add	PB0.4x CY17, PER9.7x CY18
02/27/17	CIMB	CSE Global	0.485	0.59	Add	PER12x FY18
02/27/17	DBS Vickers	CSE Global	0.485	0.46	Hold	PER9.6x, Ex-Cash
03/13/17	CIMB	CSE Global	0.495	0.59	Add	PER12x FY18
03/13/17	OCBC	CSE Global	0.495	0.44	Hold
05/15/17	CIMB	CSE Global	0.5	0.56	Add	PER12x FY18
06/15/17	OCBC	CSE Global	0.475	0.45	Hold
07/25/17	CIMB	CSE Global	0.43	0.39	Reduce	PER10x FY18
08/14/17	CIMB	CSE Global	0.395	0.32	Reduce	PER10x FY18
11/10/17	CIMB	CSE Global	0.345	0.31	Reduce	PER10x CY19

Croesus RT - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/16	DBS Vickers	Croesus RT	0.795	0.86	Hold
02/11/16	Amfrasers	Croesus RT	0.805	0.89	Buy	DDM
02/12/16	CIMB	Croesus RT	0.795	0.95	Add	DDM
02/12/16	DMG & Partners	Croesus RT	0.795	0.93	Buy
03/24/16	Lim & Tan	Croesus RT	0.815	0	Hold
03/28/16	CIMB	Croesus RT	0.78	0.88	Add	DDM
04/08/16	CIMB	Croesus RT	0.825	0.91	Add	DDM
04/08/16	Lim & Tan	Croesus RT	0.825	0	Hold
04/08/16	phillip	Croesus RT	0.825	0.93	Neutral	DDM
05/13/16	Amfrasers	Croesus RT	0.83	0.79	Hold
05/16/16	CIMB	Croesus RT	0.83	0.98	Add	DDM
05/17/16	DBS Vickers	Croesus RT	0.825	0.9	Buy	DCF
06/14/16	DBS Vickers	Croesus RT	0.81	0.9	Buy
07/18/16	phillip	Croesus RT	0.845	0.93	Neutral
08/16/16	DBS Vickers	Croesus RT	0.845	0.9	Buy
08/26/16	Lim & Tan	Croesus RT	0.865	0	Buy
08/29/16	CIMB	Croesus RT	0.86	0.98	Add	DDM
08/29/16	DBS Vickers	Croesus RT	0.86	0.99	Buy
08/29/16	DMG & Partners	Croesus RT	0.86	0.93	Buy
08/30/16	phillip	Croesus RT	0.855	0.93	Accumulate	DDM
10/14/16	phillip	Croesus RT	0.845	0.93	Accumulate
11/08/16	DBS Vickers	Croesus RT	0.86	0.99	Buy	DCF
11/14/16	CIMB	Croesus RT	0.845	0.98	Add	DDM
11/14/16	phillip	Croesus RT	0.845	0.93	Accumulate	DDM
01/03/17	DMG & Partners	Croesus RT	0.835	0.96	Buy
01/09/17	DBS Vickers	Croesus RT	0.845	0.99	Buy	DCF
02/15/17	CIMB	Croesus RT	0.875	0.98	Add	DDM
02/15/17	DBS Vickers	Croesus RT	0.875	0.99	Buy	DCF
02/15/17	DMG & Partners	Croesus RT	0.875	0.96	Buy	DDM
02/15/17	phillip	Croesus RT	0.875	0.93	Accumulate	DDM
03/17/17	DBS Vickers	Croesus RT	0.885	0.99	Buy
04/10/17	DBS Vickers	Croesus RT	0.915	0.99	Buy
05/16/17	DMG & Partners	Croesus RT	1	1	Neutral	DDM, Up from $0.97
05/17/17	DBS Vickers	Croesus RT	0.995	1.15	Buy	DCF
05/17/17	phillip	Croesus RT	0.995	1.08	Accumulate	DDM
06/16/17	DBS Vickers	Croesus RT	1.015	1.15	Buy
06/29/17	CIMB	Croesus RT	1.175	1.17	Add	Offer price $1.17
06/29/17	DMG & Partners	Croesus RT	1.175	1.17	Take Profit	Offer price $1.17
06/29/17	phillip	Croesus RT	1.175	1.17	Accept Offer	Offer price $1.17
06/30/17	Amfrasers	Croesus RT	1.185	1.18	Trading Buy

Stock calls for 11 December 2017

Date	Analyst	Company	Last	Target	Call	Valuation
12/11/17	CIMB	City Developments	12.31	13.15	Add	RNAV (20% discount)
12/11/17	CIMB	Comfortdelgro	1.91	2.15	Hold
12/11/17	Kim Eng	Comfortdelgro	1.91	2.4	Buy	DCF
12/11/17	phillip	Comfortdelgro	1.91	2.69	Buy	DCF
12/11/17	UOB Kay Hian	Comfortdelgro	1.91	2.25	Buy	PER16.6x
12/11/17	Lim & Tan	Comfortdelgro	1.91	0	Hold
12/11/17	DBS Vickers	ESR-Reit	0.565	0.62	Buy
12/11/17	OCBC	First Reit	1.39	1.44	Buy
12/11/17	DBS Vickers	Mapletree Commercial	1.58	1.75	Buy
12/11/17	NRA	Regal	0.135	0.3	Overweight

China is preparing refugee camps at the Jilin-NK border.

https://www.ft.com/content/3afb2902-dbd9-11e7-a039-c64b1c09b482

China is preparing for the Korean Peninsula war.  First, it prepares its border citizens for a nuclear war and then prepares refugee camps at the border.  China's troops are already amassing the border for any war outbreak.

Malaysia's joke of the day!

https://sg.news.yahoo.com/malaysian-military-ready-roll-jerusalem-hishammuddin-says-082900736.html

This is what I called TOMBSTONE courage!

The Israelis are better trained and better armed than the Malaysian soldiers.  This will be a carnage for Malaysia if it wants to fight the Israelis.  Just leave the war to the big boys.  Only the Russians can exterminate the Israelis.

Medical robot passed China medical examination with flying colours.

http://www.chinadaily.com.cn/bizchina/tech/2017-11/10/content_34362656.htm

A medical robot passed China medical exam and got a medical licence.  It will be put into medical practice in 2018.

This is really a great news as the medical standard will be improved and medical cost can be contained because medical doctors cannot keep on asking for raises now.  Yeah!

Bloodshed is happening in Middle East because of USA.

https://sg.news.yahoo.com/trump-recognize-jerusalem-israels-capital-020407198.html

The USA is eager to create conflicts in the Middle East to reap the benefits of the chaos.  This will allow the USA the opportunity to be the mediator and also sell more military weapons to the Middle East.

Philippines sets up its first "Comfort Woman" statue.

More and more countries are setting up "Comfort Woman" statues in their own countries to remind Japan of its atrocities.  Great effort by the Philippines!

China will not allow a Korean Peninsula war.

https://news.cgtn.com/news/7a49544f30637a6333566d54/share_p.html

This comes as a great news for South Korea because SK is worried about a Korean Peninsula war as its citizens will suffer the most, most notably, massive deaths if NK nukes Seoul.  It is the USA that is eager to have a Korean Peninsula war.  SK is regretting its decision to get the USA's involvement now and is relying on China to defuse the situation.

http://sg-stock.blogspot.sg/2017/12/south-korea-has-awakened-to-harsh.html

Baltic dry index - 1702

Today, Friday, December 08 2017, the Baltic Dry Index climbed by 23 points, reaching 1702 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 stock: Sembcorp Marine, Cosco & Pan Ocean

US rig count - 931

8 December 2017

Baker Hughes reports U.S. rig count up 2 to 931 rigs Baker Hughes reports that the U.S. rig count is up 2 rigs from last week to 931, with oil rigs up 2 to 751, gas rigs unchanged at 180, and miscellaneous rigs unchanged. The U.S. Rig Count is up 307 rigs from last year's count of 624, with oil rigs up 253, gas rigs up 55, and miscellaneous rigs down 1 to 1. The U.S. Offshore Rig Count is unchanged from last week at 20 and down 2 rigs year-over-year. The Canada Rig Count is down 3 rigs from last week to 219, with oil rigs up 1 to 112 and gas rigs down 4 to 107. The Canada Rig Count is down 11 rigs from last year's count of 230, with oil rigs down 5, gas rigs down 5, and miscellaneous rigs down 1 to 1.

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

Related stocks: Keppel Corp, Sembcorp Marine & Cosco

South Korea has awakened to the harsh reality.

https://qz.com/1151129/south-koreans-are-not-cool-with-how-americans-and-chinese-are-being-reassured-over-north-korea/

The South Korea has awakened to the harsh reality now that it is the only country that will die millions of people in the event of a Korean Peninsula war.

Well, this is the repercussion for getting the USA involved in dealing with NK and installing THAAD.

http://sg-stock.blogspot.sg/2017/11/us-warns-north-korean-that-it-would-be.html

Courts Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/15/16	CIMB	CourtsAsia	0.315	0.42	Add	PER9.6x CY16
03/24/16	DBS Vickers	CourtsAsia	0.315	0.44	Buy
05/30/16	CIMB	CourtsAsia	0.325	0.49	Add	PER9.6x CY17
05/30/16	DBS Vickers	CourtsAsia	0.325	0.45	Buy
08/15/16	CIMB	CourtsAsia	0.42	0.5	Add	PER9.6x CY17
08/15/16	DBS Vickers	CourtsAsia	0.42	0.45	Buy	PER10x FY17
09/19/16	CIMB	CourtsAsia	0.41	0.53	Add	PER10.2x CY17
11/10/16	CIMB	CourtsAsia	0.44	0.6	Add	PER10.2x CY18
11/11/16	DBS Vickers	CourtsAsia	0.45	0.5	Buy	PER10x FY17/18
12/09/16	DBS Vickers	CourtsAsia	0.45	0.5	Buy
02/08/17	DBS Vickers	CourtsAsia	0.435	0.51	Buy	PER10x FY17/18
06/30/17	CIMB	CourtsAsia	0.43	0.6	Add	PER10.2x CY18
06/30/17	DBS Vickers	CourtsAsia	0.43	0.5	Buy
08/14/17	DBS Vickers	CourtsAsia	0.425	0.49	Buy	PER10x FY18
11/13/17	DBS Vickers	CourtsAsia	0.345	0.36	Hold	PER10x FY19

Cosco - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/16	Deutsche	Cosco	0.335	0.36	Hold
02/16/16	Credit Suisse	Cosco	0.32	0.25	Underperform	PB0.7x FY15
02/17/16	DBS Vickers	Cosco	0.305	0.24	Fully Valued
03/07/16	UOB Kay Hian	Cosco	0.36	0.36	Sell
03/17/16	DIR	Cosco	0.38	0.3	Sell
04/20/16	DBS Vickers	Cosco	0.35	0.24	Fully Valued
05/09/16	DBS Vickers	Cosco	0.33	0.3	Hold	PB1x FY16
05/20/16	UOB Kay Hian	Cosco	0.325	0.36	Sell
07/15/16	DIR	Cosco	0.31	0.26	Sell
08/08/16	Credit Suisse	Cosco	0.275	0.25	Underperform
08/10/16	DBS Vickers	Cosco	0.265	0.3	Hold
11/15/16	DBS Vickers	Cosco	0.26	0.27	Hold	PB1x FY16
02/27/17	DBS Vickers	Cosco	0.28	0.27	Hold	PB1.8x FY16
05/08/17	DBS Vickers	Cosco	0.285	0.27	Hold	PB1.2x
07/21/17	DBS Vickers	Cosco	0.31	0.27	Hold
08/08/17	DBS Vickers	Cosco	0.3	0.27	Hold	PB1.2x
11/07/17	DBS Vickers	Cosco	0.355	0.33	Hold	PB1.4x

Stock calls for 8 December 2017

Date	Analyst	Company	Last	Target	Call	Valuation
12/08/17	Lim & Tan	Capitaland	3.44	0	Buy
12/08/17	CIMB	Cogent	1.01	1.02	Accept Offer	Offer $1.02
12/08/17	phillip	DBS	24.24	29.3	Buy
12/08/17	UOB Kay Hian	Keppel Corp	7.49	8.98	Buy	Sum of parts
12/08/17	phillip	OCBC	12.12	13.48	Buy
12/08/17	phillip	UOB	25.63	25.22	Accumulate

Latest update on KL-SG HSR.

http://www.worldnews.easybranches.com/regions/asia/kl-singapore-high-speed-rail-to-run-4-trains-per-hour-513787

The interval time has been extended to 30 minutes per train now.

https://sg-stock.blogspot.sg/2017/10/kl-sg-hsr-ticket-price-will-be-around.html

Iphone X has bad review and its sales will be affected.

https://www.macrumors.com/2017/12/05/iphone-x-consumer-reports-ranking-below-iphone-8/

Apple cannot rely on its flagship iphone X to boost its share price anymore because iphone X has a bad review which puts it below iphone 8.  Iphone 8 sales figures are not great and we can infer this on iphone X sales too.

South Korea to ban Bitcoin derivatives.

https://sg.finance.yahoo.com/news/report-bitcoin-derivatives-banned-south-030158584.html

South Korea will ban Bitcoin derivatives such as bitcoin futures, options, etc.

This is not surprising as we've stated in our previous post that SK will take further action against bitcoins.

https://sg-stock.blogspot.sg/2017/11/south-korea-will-take-further-action.html

Comfortdelgro - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	DIR	Comfortdelgro	3.05	3.55	Buy	DCF
01/05/16	OCBC	Comfortdelgro	3	3.4	Buy	DDM
01/06/16	UOB Kay Hian	Comfortdelgro	3.04	3.3	Buy	DCF
01/26/16	Deutsche	Comfortdelgro	2.84	3.88	Buy
02/10/16	CIMB	Comfortdelgro	2.86	3.27	Add	DCF
02/11/16	UOB Kay Hian	Comfortdelgro	2.83	3.3	Buy	DCF, PB2.3x FY16
02/15/16	Deutsche	Comfortdelgro	2.79	3.88	Buy
02/15/16	DIR	Comfortdelgro	2.79	3.38	Buy	DCF
02/15/16	DMG & Partners	Comfortdelgro	2.79	3.6	Buy	DCF
02/15/16	Kim Eng	Comfortdelgro	2.79	2.8	Hold	PER17x FY16
02/15/16	Lim & Tan	Comfortdelgro	2.79	0	Buy
02/15/16	OCBC	Comfortdelgro	2.79	3.4	Buy	DDM
02/15/16	phillip	Comfortdelgro	2.79	3.21	Accumulate	DCF
02/15/16	UBS	Comfortdelgro	2.79	3.57	Buy
02/15/16	UOB Kay Hian	Comfortdelgro	2.79	3.16	Buy	DCF
02/16/16	DBS Vickers	Comfortdelgro	2.87	3.24	Buy
03/03/16	Credit Suisse	Comfortdelgro	3.01	3.7	Outperform
03/03/16	Deutsche	Comfortdelgro	3.01	3.51	Buy
03/09/16	OCBC	Comfortdelgro	2.95	3.4	Buy
03/21/16	DIR	Comfortdelgro	2.97	3.59	Buy	DCF
03/28/16	Kim Eng	Comfortdelgro	2.96	2.8	Hold	PER17x FY16
04/07/16	DIR	Comfortdelgro	2.85	3.59	Buy	DCF
04/11/16	UOB Kay Hian	Comfortdelgro	2.87	3.16	Buy	DCF
04/13/16	CIMB	Comfortdelgro	2.81	3.27	Add
04/13/16	Credit Suisse	Comfortdelgro	2.81	3.7	Outperform
04/13/16	DMG & Partners	Comfortdelgro	2.81	3.6	Buy	DCF
04/13/16	OCBC	Comfortdelgro	2.81	3.4	Buy
04/13/16	phillip	Comfortdelgro	2.81	3.21	Accumulate
04/29/16	Deutsche	Comfortdelgro	2.85	3.51	Buy	DCF
05/13/16	CIMB	Comfortdelgro	2.77	3.27	Add	DCF CY16
05/13/16	DBS Vickers	Comfortdelgro	2.77	3.23	Buy
05/13/16	DIR	Comfortdelgro	2.77	3.59	Buy	DCF
05/13/16	DMG & Partners	Comfortdelgro	2.77	3.4	Buy	DCF
05/13/16	OCBC	Comfortdelgro	2.77	3.4	Buy
05/13/16	phillip	Comfortdelgro	2.77	3.21	Accumulate	DCF
05/13/16	UOB Kay Hian	Comfortdelgro	2.77	3.16	Buy	DCF
06/02/16	DIR	Comfortdelgro	2.7	3.59	Buy	DCF
06/08/16	DMG & Partners	Comfortdelgro	2.74	3.4	Buy
06/08/16	OCBC	Comfortdelgro	2.74	3.4	Buy	DDM
06/10/16	Deutsche	Comfortdelgro	2.73	3.51	Buy
06/21/16	UOB Kay Hian	Comfortdelgro	2.73	3.16	Buy	DCF
06/27/16	DMG & Partners	Comfortdelgro	2.67	3.25	Buy	DCF
06/27/16	phillip	Comfortdelgro	2.67	3.21	Buy	DCF
07/01/16	UOB Kay Hian	Comfortdelgro	2.75	3.16	Buy	DCF
07/19/16	Credit Suisse	Comfortdelgro	2.9	3.53	Outperform	DCF
07/21/16	CIMB	Comfortdelgro	2.94	2.91	Hold	DCF
07/21/16	DIR	Comfortdelgro	2.94	3.59	Buy	DCF
07/21/16	Kim Eng	Comfortdelgro	2.94	2.8	Hold
07/27/16	OCBC	Comfortdelgro	2.82	3.21	Hold	DCF
07/27/16	UBS	Comfortdelgro	2.82	3.37	Buy
08/15/16	CIMB	Comfortdelgro	2.86	2.91	Hold	DCF
08/15/16	Citigroup	Comfortdelgro	2.86	3.22	Buy
08/15/16	DBS Vickers	Comfortdelgro	2.86	3.17	Buy	DCF & PER19x FY17
08/15/16	Deutsche	Comfortdelgro	2.86	3.3	Buy
08/15/16	DIR	Comfortdelgro	2.86	3.54	Buy	DCF
08/15/16	DMG & Partners	Comfortdelgro	2.86	3.25	Buy
08/15/16	OCBC	Comfortdelgro	2.86	3.21	Buy
08/15/16	phillip	Comfortdelgro	2.86	3.21	Accumulate	DCF, PER22.9x FY16
08/15/16	UBS	Comfortdelgro	2.86	3.27	Buy
08/15/16	UOB Kay Hian	Comfortdelgro	2.86	3.22	Buy	DCF
09/01/16	Credit Suisse	Comfortdelgro	2.83	3.6	Outperform
09/01/16	DIR	Comfortdelgro	2.83	3.54	Buy
09/20/16	UOB Kay Hian	Comfortdelgro	2.79	3.11	Buy	PER17.9x FY17
09/20/16	Nomura	Comfortdelgro	2.79	3.03	Neutral	Cut from $3.47
10/04/16	OCBC	Comfortdelgro	2.85	3.1	Buy	DCF
10/07/16	DIR	Comfortdelgro	2.82	3.54	Buy	DCF
10/14/16	Credit Suisse	Comfortdelgro	2.74	3.6	Outperform
10/28/16	Deutsche	Comfortdelgro	2.67	3	Buy
10/28/16	OCBC	Comfortdelgro	2.67	3.09	Buy	DCF
10/28/16	phillip	Comfortdelgro	2.67	3.19	Accumulate	DCF, PER22.8x FY16
11/01/16	DBS Vickers	Comfortdelgro	2.54	3.17	Buy
11/10/16	Credit Suisse	Comfortdelgro	2.45	3.6	Outperform
11/14/16	CIMB	Comfortdelgro	2.46	2.86	Add	DCF CY17
11/14/16	DIR	Comfortdelgro	2.46	3.64	Buy	DCF
11/14/16	Kim Eng	Comfortdelgro	2.46	2.63	Hold	PER17x FY17
11/14/16	Lim & Tan	Comfortdelgro	2.46	0	Buy
11/14/16	OCBC	Comfortdelgro	2.46	3.08	Buy	DCF
11/14/16	phillip	Comfortdelgro	2.46	2.92	Buy	DCF, PER19.7x FY16
11/14/16	UBS	Comfortdelgro	2.46	3.28	Buy
11/14/16	UOB Kay Hian	Comfortdelgro	2.46	2.9	Buy	PER17.9x FY17
11/15/16	DBS Vickers	Comfortdelgro	2.41	3.09	Buy	DCF
11/17/16	DMG & Partners	Comfortdelgro	2.44	3.19	Buy
12/06/16	CIMB	Comfortdelgro	2.58	2.86	Add	DCF
12/07/16	Deutsche	Comfortdelgro	2.61	3	Buy
12/08/16	Citigroup	Comfortdelgro	2.59	3.22	Buy
12/15/16	DBS Vickers	Comfortdelgro	2.58	3.09	Buy	DCF
12/22/16	CIMB	Comfortdelgro	2.55	3.24	Buy
12/22/16	Deutsche	Comfortdelgro	2.55	3.1	Buy
12/22/16	DIR	Comfortdelgro	2.55	3.67	Buy	DCF
12/22/16	DMG & Partners	Comfortdelgro	2.55	2.91	Buy
01/03/17	CIMB	Comfortdelgro	2.47	2.91	Add	DCF CY17
01/03/17	DMG & Partners	Comfortdelgro	2.47	3.24	Buy	DCF
01/04/17	OCBC	Comfortdelgro	2.5	2.95	Buy	DCF
01/05/17	Credit Suisse	Comfortdelgro	2.51	3.6	Outperform
01/06/17	UBS	Comfortdelgro	2.53	3.43	Buy
01/12/17	DIR	Comfortdelgro	2.53	3.67	Buy	DCF
02/06/17	Credit Suisse	Comfortdelgro	2.37	3.6	Outperform
02/13/17	CIMB	Comfortdelgro	2.51	2.91	Add	DCF
02/13/17	Credit Suisse	Comfortdelgro	2.51	3.35	Outperform
02/13/17	DBS Vickers	Comfortdelgro	2.51	2.94	Buy	DCF & PER
02/13/17	DIR	Comfortdelgro	2.51	3.51	Buy	DCF
02/13/17	DMG & Partners	Comfortdelgro	2.51	3	Buy	DCF
02/13/17	OCBC	Comfortdelgro	2.51	2.95	Buy
02/13/17	phillip	Comfortdelgro	2.51	2.94	Accumulate	DCF, PER19.8x FY17
02/13/17	UOB Kay Hian	Comfortdelgro	2.51	2.47	Hold	PER16.5x, Buy @ $2.20
03/06/17	Credit Suisse	Comfortdelgro	2.51	3.35	Outperform
03/06/17	Nomura	Comfortdelgro	2.51	2.56	Neutral
03/17/17	DBS Vickers	Comfortdelgro	2.53	2.94	Buy
03/27/17	OCBC	Comfortdelgro	2.52	2.95	Buy
03/30/17	UOB Kay Hian	Comfortdelgro	2.6	2.47	Hold	PER16.5x, Buy @ $2.35
04/04/17	OCBC	Comfortdelgro	2.58	2.95	Buy
04/07/17	Credit Suisse	Comfortdelgro	2.63	3.35	Outperform
04/12/17	DIR	Comfortdelgro	2.63	3.51	Buy	DCF
04/19/17	Deutsche	Comfortdelgro	2.66	2.9	Buy
04/20/17	DBS Vickers	Comfortdelgro	2.61	2.94	Buy
04/20/17	OCBC	Comfortdelgro	2.61	2.95	Buy
04/21/17	DIR	Comfortdelgro	2.66	3.54	Buy	DCF
05/12/17	DMG & Partners	Comfortdelgro	2.72	3	Buy	DCF
05/15/17	CIMB	Comfortdelgro	2.69	2.78	Hold	DCF FY17
05/15/17	Credit Suisse	Comfortdelgro	2.69	3.35	Outperform
05/15/17	DBS Vickers	Comfortdelgro	2.69	2.78	Hold	DCF & PER15x FY17/18
05/15/17	DIR	Comfortdelgro	2.69	3.49	Buy	DCF
05/15/17	OCBC	Comfortdelgro	2.69	2.88	Buy
05/15/17	phillip	Comfortdelgro	2.69	3.02	Accumulate	DCF, PER23.4x FY17
06/09/17	Deutsche	Comfortdelgro	2.4	2.9	Buy	DCF
06/09/17	Kim Eng	Comfortdelgro	2.4	2.64	Hold	PER17x FY17
06/27/17	UOB Kay Hian	Comfortdelgro	2.37	2.37	Hold	PER16.7x, Buy @ $2.20
07/04/17	DMG & Partners	Comfortdelgro	2.3	3	Buy
07/04/17	Nomura	Comfortdelgro	2.3	1.98	Reduce
07/13/17	DIR	Comfortdelgro	2.28	3.49	Buy	DCF
08/14/17	phillip	Comfortdelgro	2.31	2.78	Buy	DCF, PER20.6x FY17
08/14/17	DIR	Comfortdelgro	2.31	3.36	Buy	DCF
08/14/17	UOB Kay Hian	Comfortdelgro	2.31	2.37	Hold	PER16.6x, Buy @ $2.20
08/14/17	Credit Suisse	Comfortdelgro	2.31	3.2	Outperform
08/14/17	DMG & Partners	Comfortdelgro	2.31	2.6	Buy	DCF
08/14/17	OCBC	Comfortdelgro	2.31	2.7	Buy
08/14/17	CIMB	Comfortdelgro	2.31	2.46	Hold	DCF
08/14/17	Kim Eng	Comfortdelgro	2.31	2.25	Hold	PER16x FY17
08/15/17	DBS Vickers	Comfortdelgro	2.3	2.33	Hold	DCF, PER13x FY18
08/24/17	UOB Kay Hian	Comfortdelgro	2.36	2.37	Hold	PER16.6x, Buy @ $2.25
09/06/17	DIR	Comfortdelgro	2.21	3.19	Buy	DCF
09/15/17	Nomura	Comfortdelgro	2.18	1.98	Reduce	PER13x FY18
09/19/17	DBS Vickers	Comfortdelgro	2.07	2.33	Hold	DCF, PER13x FY18
09/20/17	DIR	Comfortdelgro	2.01	2.09	Hold	DCF
09/28/17	CIMB	Comfortdelgro	1.985	2.15	Hold	DCF
09/29/17	UOB Kay Hian	Comfortdelgro	2.04	2.34	Buy	PER16.6x
09/29/17	Kim Eng	Comfortdelgro	2.04	2.4	Buy	DCF, PER16.3x FY18
10/04/17	OCBC	Comfortdelgro	2.04	2.12	Hold	Buy @ $1.90
10/25/17	CIMB	Comfortdelgro	2.03	2.15	Hold	DCF
11/13/17	phillip	Comfortdelgro	2	2.69	Buy	DCF
11/13/17	UOB Kay Hian	Comfortdelgro	2	2.25	Buy	PER16.6x FY18
11/13/17	DBS Vickers	Comfortdelgro	2	2.18	Hold	DCF & PER15.3x FY17/18
11/13/17	Kim Eng	Comfortdelgro	2	2.4	Buy	DCF, PER16x FY18
11/13/17	OCBC	Comfortdelgro	2	2.05	Hold	Buy @ $1.90 or below
11/13/17	CIMB	Comfortdelgro	2	2.15	Hold	DCF
11/13/17	Lim & Tan	Comfortdelgro	2	0	Hold
11/13/17	Credit Suisse	Comfortdelgro	2	3.1	Outperform
11/14/17	DMG & Partners	Comfortdelgro	2.1	2	Neutral	DCF, PER14.5x FY18

Cogent - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/02/16	phillip	Cogent	0.435	0.54	Buy	DDM
03/02/16	phillip	Cogent	0.46	0.64	Buy	DDM, PER10.8x FY16
05/16/16	phillip	Cogent	0.495	0.7	Buy	DDM, PER10.4x FY16
07/27/16	phillip	Cogent	0.67	0.7	Accumulate	DDM
08/16/16	phillip	Cogent	0.69	0.74	Accumulate	DDM, PER10.5x
09/13/16	phillip	Cogent	0.825	1.11	Buy	DDM, PER15.3x
10/21/16	phillip	Cogent	0.76	1.11	Buy	DDM, PER15.6x
11/14/16	phillip	Cogent	0.695	1.11	Buy	DDM
02/28/17	phillip	Cogent	0.79	1.08	Buy	DCF, PER17x FY17
05/02/17	phillip	Cogent	0.81	1.08	Buy	DCF, PER17x FY17
05/15/17	phillip	Cogent	0.79	1.18	Buy	DCF, PER18.6x FY17
08/14/17	phillip	Cogent	0.805	1.12	Buy	DCF, PER16.5x FY17
09/14/17	phillip	Cogent	0.815	1.12	Buy	DCF, PER16.5x FY17
11/06/17	phillip	Cogent	0.99	1.12	Reject Offer	DCF, Offer $1.02

Stock calls for 7 December 2017

Date	Analyst	Company	Last	Target	Call	Valuation
12/07/17	Lim & Tan	City Developments	11.78	0	Buy
12/07/17	Kim Eng	Guocoland	2.09	2.95	Buy	RNAV (20% discount)
12/07/17	UOB Kay Hian	Kimly	0.355	0.45	Buy	DCF, PER22.8x FY18
12/07/17	OCBC	Roxy-Pacific	0.54	0.6	Buy

Noble Group's bankruptcy alert.

https://www.bloomberg.com/news/articles/2017-12-07/noble-group-faces-key-deadlines-as-threat-of-default-lingers?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo

Noble Group's default threat looms.  If Noble cannot extend its USD$1.1b credit facility in December, it will go into default mode as it has USD$3.5b debt to pay.

Noble has just lost DBS support.  If the next bank refuses to grant the credit facility extension, the game is over for Noble.

China is prepping its border citizens for nuclear war.

https://sg.news.yahoo.com/chinese-state-media-tells-readers-survive-nuclear-attack-053608705.html

China is educating its border citizens on nuclear attack survival skills.  This means that China sees a possibility of a nuclear war when US launches an attack against NK and NK will retaliate with nuclear missiles at Seoul & Tokyo.

If the USA cannot exterminate NK completely in the first strike, SK and Japan will suffer.