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Friday, July 17, 2020

Dasin Retail - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/22/19phillipDasin Retail0.8750.94Accumulate
08/16/19phillipDasin Retail0.870.94AccumulateDDM, PB0.65x
09/24/19phillipDasin Retail0.8450.94Accumulate
10/18/19phillipDasin Retail0.8450.94Accumulate
11/25/19phillipDasin Retail0.840.94Accumulate
11/27/19phillipDasin Retail0.840.88AccumulateDDM, PB0.62x FY19
03/10/20phillipDasin Retail0.8050.88AccumulateDDM
05/27/20phillipDasin Retail0.830.91AccumulateDDM
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Stock calls for 17 July 2020

DateAnalystCompanyLastTargetCallValuation
07/17/20DMG & PartnersCSE Global0.460.54BuyPER12x FY20
07/17/20CIMBESR-Reit0.390.492AddDDM
07/17/20Lim & TanESR-Reit0.390Accept Offer
07/17/20CLSAESR-Reit0.390.47Buy
07/17/20SoochowESR-Reit0.390.47Buy
07/17/20MorningstarESR-Reit0.390.42Stable
07/17/20DaiwaESR-Reit0.390.42Hold
07/17/20UOB Kay HianFrasers Hospitality Trust0.470.58BuyDDM
07/17/20DBS VickersSabana0.360.4BuyPB0.94x ESR-Reit
07/17/20AmfrasersYanlord1.341.45OutperformRNAV
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Singapore Nodx surged 16.1% in June 2020

https://sg.news.yahoo.com/singapore-exports-surge-16-1-003510797.html
Year on year changes (YOY):
June 2020: 16.1%
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%
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The US debt market is going to implode! - Part 3

https://finance.yahoo.com/news/father-z-score-predicts-surge-110210239.html

The NY professor has corroborated our May warning about the debt implosion in the US.  The debt implosion will cause a big financial explosion.  This is the financial tsunami we've just warned about recently.

http://sg-stock.blogspot.com/2020/07/another-constellation-is-aligning-and_15.html

http://sg-stock.blogspot.com/2020/05/the-us-debt-market-is-going-to-implode.html

Like I said many times before, when we tell you something, you better sit up and listen.
Posted by at 1 comment:

Thursday, July 16, 2020

Dairy Farm - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/02/19DMG & PartnersDairy Farm7.298.25Neutral
08/02/19DBS VickersDairy Farm7.387.99HoldSum of parts
08/05/19DMG & PartnersDairy Farm7.67.38NeutralDCF
08/13/19CIMBDairy Farm6.987.29HoldPER23x CY20
09/23/19DMG & PartnersDairy Farm6.656.63NeutralDCF
11/29/19CIMBDairy Farm5.935.4ReducePER22x CY20
12/11/19DMG & PartnersDairy Farm5.96.63Neutral
03/06/20DMG & PartnersDairy Farm4.755.05HoldDCF
03/06/20DBS VickersDairy Farm4.755.2BuySum of parts
03/06/20CIMBDairy Farm4.754.38ReducePER17x FY20
03/25/20DBS VickersDairy Farm3.964.7BuySum of parts
03/27/20HSBCDairy Farm4.315.05Hold
04/06/20DBS VickersDairy Farm4.314.7Buy
04/09/20DMG & PartnersDairy Farm4.894.95NeutralDCF
04/15/20DBS VickersDairy Farm4.835.59Buy
04/29/20DBS VickersDairy Farm4.755.1BuySum of parts
05/28/20MacquarieDairy Farm4.265.8Outperform
06/08/20DMG & PartnersDairy Farm4.754.95Neutral
06/10/20CIMBDairy Farm55.45HoldPER20x CY21
07/03/20DBS VickersDairy Farm4.665.1Buy
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CSE Global - Stock calls

DateAnalystCompanyLastTargetCallValuation
08/15/19Lim & TanCSE Global0.4350Buy
08/16/19DMG & PartnersCSE Global0.440.61BuyDCF
08/16/19UOB Kay HianCSE Global0.440.62Buy
08/29/19CIMBCSE Global0.4250.6AddPER13.5x FY20
09/03/19Lim & TanCSE Global0.440Buy
09/04/19UOB Kay HianCSE Global0.4550.65BuyPER15x FY19
09/04/19DMG & PartnersCSE Global0.4550.69BuyDCF, PER11.9x FY20
09/06/19DBS VickersCSE Global0.470.65BuyPER12x FY20
09/09/19CIMBCSE Global0.4650.68Add
09/10/19AmfrasersCSE Global0.460.64OutperformSum of parts, PER12x, PB2x
10/02/19DMG & PartnersCSE Global0.460.69Buy
10/11/19UOB Kay HianCSE Global0.4650.65Buy
10/31/19CIMBCSE Global0.5250.68Buy
11/01/19DMG & PartnersCSE Global0.5250.69BuyDCF
11/07/19Lim & TanCSE Global0.540Buy
11/08/19UOB Kay HianCSE Global0.530.7Buy
11/08/19AmfrasersCSE Global0.530.61OutperformSum of parts
11/08/19DBS VickersCSE Global0.530.69BuyPER12x FY20
11/25/19CIMBCSE Global0.540.73Add
12/02/19AmfrasersCSE Global0.5250.61OutperformSum of parts
12/09/19Lim & TanCSE Global0.5250Buy
12/10/19DMG & PartnersCSE Global0.5350.69buy
12/27/19CIMBCSE Global0.5450.73Add
01/08/20UOB Kay HianCSE Global0.560.7Buy
01/08/20DMG & PartnersCSE Global0.560.69Buy
02/05/20Lim & TanCSE Global0.510.68Buy
02/11/20DMG & PartnersCSE Global0.530.69BuyDCF
02/28/20DMG & PartnersCSE Global0.5450.73BuyDCF
02/28/20UOB Kay HianCSE Global0.5450.72Buy
02/28/20CIMBCSE Global0.5450.77AddPER13.5x FY21
03/02/20DBS VickersCSE Global0.520.7BuyPER12x FY20
03/12/20DBS VickersCSE Global0.4650.65BuyPER12x FY20
03/26/20CIMBCSE Global0.350.45Add
03/30/20DMG & PartnersCSE Global0.360.73Buy
04/07/20DMG & PartnersCSE Global0.350.73Buy
04/08/20DMG & PartnersCSE Global0.380.54BuyPER12x FY20
05/06/20DBS VickersCSE Global0.3950.54BuyPER10.6x
06/03/20UOB Kay HianCSE Global0.4750.65BuyPER12.1x FY21
06/04/20DMG & PartnersCSE Global0.490.54BuyPER12x FY20
06/04/20Lim & TanCSE Global0.490Buy
06/04/20CIMBCSE Global0.490.55Add
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Cromwell Reit (EUR) - Stock calls

DateAnalystCompanyLastTargetCallValuation
04/09/20DBS VickersCromwell Reit (EUR)0.360.59Buy
Posted by at No comments:

Stock calls for 16 July 2020

DateAnalystCompanyLastTargetCallValuation
07/16/20Kim EngA-Reit3.343.35Buy
07/16/20Kim EngMapletree Commercial1.942.15Buy
07/16/20DMG & PartnersSembcorp Marine0.4550.55BuyPB0.82x
07/16/20UOB Kay HianSembcorp Marine0.4550.49HoldBuy @ $0.40
07/16/20Lim & TanSembcorp Marine0.4550Avoid
07/16/20Lim & TanSIA3.770Sell
07/16/20DBS VickersSPH1.251.26HoldSum of parts
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China Q2 GDP growth was 3.2%! How real was it?

https://www.scmp.com/economy/china-economy/article/3093371/china-gdp-economy-avoids-recession-second-quarter-growth-32

China expanded 3.2% in Q2 2020 which showed great economic resiliency.


We had earlier projected in Feb 2020 that China Q2 would be worse than Q1 and we were wrong because we belittled the communist's power in boosting its economic growth and containing the virus outbreak.  Therefore, we are providing an update now since there was no update after Feb 2020.

http://sg-stock.blogspot.com/2020/02/china-can-stabilize-its-stock-markets_21.html

http://sg-stock.blogspot.com/2020/02/china-can-stabilize-its-stock-markets_17.html

After our postings in Feb 2020, China had managed to contain the COVID outbreak and boost its economic growth with stimulative policies.  This is the advantage of a communist country because it can channel and divert all the resources to develop its country without any reservation.

How real is China GDP growth?  Is the GDP growth of 3.2% a fudged number?

Well, the GDP number doesn't necessarily reflect economic reality as shown below.

http://sg-stock.blogspot.com/2019/11/the-latest-us-gdp-growth-is-not.html

Therefore, we will analyze other economic variables to ascertain the veracity of the GDP growth.

China PMI

China PMIs had been in an expansionary mode from April to June 2020.  How is PMI related to GDP?  Please see our posting below.

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

China retail sales
China retail sales had been rebounding from its doldrum of -20.5 in Jan to -1.8 in June 2020.

China Import

China Export

In conclusion, the other economic variables (PMI, retail sales, import & export) had improved in Q2 which indicated that the Q2 GDP growth in China was real.
Posted by at 2 comments:

Wednesday, July 15, 2020

Comfortdelgro - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/10/19Kim EngComfortdelgro2.842.76HoldDCF
07/10/19UOB Kay HianComfortdelgro2.843.08BuyPER19.5x FY20
07/11/19AmfrasersComfortdelgro2.822.77NeutralPER19x FY19
07/15/19phillipComfortdelgro2.812.99AccumulateDCF
07/22/19DMG & PartnersComfortdelgro2.82.65NeutralDCF
08/14/19CIMBComfortdelgro2.622.78AddDCF
08/14/19DMG & PartnersComfortdelgro2.622.55NeutralDCF
08/14/19OCBCComfortdelgro2.622.91Hold
08/14/19phillipComfortdelgro2.622.99AccumulateDCF, PER18.6x FY19
08/14/19UOB Kay HianComfortdelgro2.622.95Buy
08/14/19DBS VickersComfortdelgro2.622.59Hold
08/15/19AmfrasersComfortdelgro2.512.77NeutralPER19x FY19
08/15/19CIMBComfortdelgro2.512.78Add
09/04/19DBS VickersComfortdelgro2.462.59Hold
09/19/19DMG & PartnersComfortdelgro2.452.55NeutralDCF
10/02/19Kim EngComfortdelgro2.412.76BuyDCF
10/09/19UOB Kay HianComfortdelgro2.422.95Buy
10/09/19DBS VickersComfortdelgro2.422.59Hold
11/14/19Kim EngComfortdelgro2.382.7BuyDCF
11/14/19DMG & PartnersComfortdelgro2.382.38NeutralDCF
11/14/19UOB Kay HianComfortdelgro2.382.27HoldBuy @ $2
11/14/19DBS VickersComfortdelgro2.382.48HoldSum of parts, PER17.8x FY20
11/14/19CIMBComfortdelgro2.382.28HoldDCF
11/20/19AmfrasersComfortdelgro2.362.61OutperformPER19x FY20
11/21/19phillipComfortdelgro2.352.56AccumulateDCF, PER18.6x FY19
12/02/19AmfrasersComfortdelgro2.352.61OutperformPER19x FY20
12/06/19DMG & PartnersComfortdelgro2.42.38NeutralDCF
02/04/20DMG & PartnersComfortdelgro2.132.38NeutralDCF
02/06/20DBS VickersComfortdelgro2.142.45BuyDCF, PER18.1x FY20
02/06/20CIMBComfortdelgro2.142.09Hold
02/17/20DMG & PartnersComfortdelgro2.182.25NeutralDCF, PER18x FY20
02/17/20UOB Kay HianComfortdelgro2.182.15HoldBuy @ $1.95
02/17/20DBS VickersComfortdelgro2.182.26HoldDCF & PER17.7x FY20
02/17/20CIMBComfortdelgro2.182.08HoldBuy @ $1.88
02/19/20phillipComfortdelgro2.092.2AccumulateDCF
02/24/20AmfrasersComfortdelgro2.022.28OutperformPER17.5x FY20
03/10/20AmfrasersComfortdelgro1.812.28OutperformPER17.5x FY20
03/31/20DBS VickersComfortdelgro1.481.55HoldPER15x FY20
03/31/20CIMBComfortdelgro1.481.55Hold
04/02/20DMG & PartnersComfortdelgro1.471.54NeutralDCF
04/27/20OCBCComfortdelgro1.431.75Buy
05/18/20Kim EngComfortdelgro1.461.99BuyDCF
05/20/20UOB Kay HianComfortdelgro1.561.82BuyPER16.7x FY21
05/26/20phillipComfortdelgro1.541.5NeutralDCF
05/26/20DMG & PartnersComfortdelgro1.541.45NeutralDCF
05/26/20DBS VickersComfortdelgro1.541.5HoldPER15x FY20/21
05/26/20Lim & TanComfortdelgro1.540Hold
05/26/20Kim EngComfortdelgro1.541.98BuyDCF
05/26/20CIMBComfortdelgro1.541.5Hold
06/01/20DBS VickersComfortdelgro1.441.68BuyPER16.8x FY20/21
06/02/20DMG & PartnersComfortdelgro1.431.65BuyDCF, PER15.5x FY21
06/29/20Kim EngComfortdelgro1.521.98BuyDCF
06/29/20Lim & TanComfortdelgro1.520Hold
07/01/20CIMBComfortdelgro1.451.46HoldPER13.1x FY21
07/02/20DMG & PartnersComfortdelgro1.481.65BuyDCF, PER16x FY21
07/03/20DBS VickersComfortdelgro1.471.68Buy
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CNMC - Stock calls

DateAnalystCompanyLastTargetCallValuation
08/19/19phillipCNMC0.30.33AccumulateDCF
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Clearbridge - Stock calls

DateAnalystCompanyLastTargetCallValuation
09/06/19phillipClearbridge0.1420.26BuyDCF
02/06/20TayronaClearbridge0.1390.41Overweight
03/10/20phillipClearbridge0.1160.26BuyDCF
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Stock calls for 15 July 2020

DateAnalystCompanyLastTargetCallValuation
07/15/20CIMBBoustead0.7051Add
07/15/20CIMBBoustead Projects0.790.88Add
07/15/20OCBCCity Developments8.2710.74Buy
07/15/20DMG & PartnersDelfi0.740.74NeutralDCF
07/15/20DBS VickersRiverstone3.13.9BuyPER24x FY20
07/15/20UOB Kay HianSPH1.251.41HoldSum of parts, Buy @ $1.20
07/15/20CIMBSPH1.251.35Hold
07/15/20OCBCSPH1.251.35HoldPER15x
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Another constellation is aligning and a big financial crisis is brewing this time. - Part 2

http://sg-stock.blogspot.com/2020/07/another-constellation-is-aligning-and.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)
    • Posted by at 1 comment:

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

    We saw a recession constellation aligning last year and it happened exactly as we projected.

    http://sg-stock.blogspot.com/2020/03/weve-correctly-predicted-end-of-good-us.html

    We see another constellation aligning now but this time will be a big financial crisis due to excessive monetary policies by the central bankers worldwide.  This deceptive market rally will burst ultimately and many retail investors will be burnt this time particularly in the US and China.  The stock markets have completely decoupled from economic reality.

    Are we going to be right again? I will let time be the judge and the truth will reveal itself.  Don't worry, you don't need to wait for years for this to happen.

    Just remember our motto: We are not always right but we are also seldom wrong.
    Posted by at 2 comments:

    Tuesday, July 14, 2020

    City Developments - Stock calls

    DateAnalystCompanyLastTargetCallValuation
    07/15/19OCBCCity Developments9.4710.68Buy
    08/13/19OCBCCity Developments9.0410.68Buy
    08/13/19DMG & PartnersCity Developments9.049.2NeutralRNAV (40% discount)
    08/13/19DBS VickersCity Developments9.0411BuyRNAV (30% discount)
    08/19/19Lim & TanCity Developments9.160Buy
    09/12/19DMG & PartnersCity Developments9.99.2Neutral
    10/01/19DBS VickersCity Developments9.8211Buy
    10/18/19Credit SuisseCity Developments10.3911.6Outperform
    10/23/19UOB Kay HianCity Developments10.6712Buy
    11/13/19UOB Kay HianCity Developments10.6712Buy
    11/14/19DMG & PartnersCity Developments10.4710.5NeutralRNAV (40% discount)
    11/25/19DBS VickersCity Developments10.7811Hold
    12/11/19Lim & TanCity Developments10.540Buy
    12/16/19DMG & PartnersCity Developments10.710.5NeutralRNAV (40% discount)
    12/17/19CIMBCity Developments10.812.09Add
    01/02/20DBS VickersCity Developments10.9513BuyRNAV (18% discount), PB1.08x FY2020
    02/26/20OCBCCity Developments10.6612.02Buy
    02/27/20CIMBCity Developments10.3712.09Add
    02/27/20OCBCCity Developments10.3712.01BuyRNAV (35% discount)
    02/27/20DBS VickersCity Developments10.3713BuyRNAV (18% discount), PB1.08x FY2020
    02/28/20UOB Kay HianCity Developments10.1712.5Buy
    03/03/20phillipCity Developments9.7411.89BuyRNAV (30% discount), PB0.98x FY20
    05/13/20UOB Kay HianCity Developments7.969.5Buy
    05/14/20CIMBCity Developments7.6510.13Add
    05/28/20Lim & TanCity Developments7.6811.2Buy
    05/29/20DMG & PartnersCity Developments7.679.5BuyRNAV (45% discount)
    06/26/20Morgan StanleyCity Developments8.3210.5Overweight
    07/13/20OCBCCity Developments8.7312.01Buy
    07/14/20DMG & PartnersCity Developments8.379.5Buy
    Posted by at No comments:
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