Stock calls for 7 March 2019

Date	Analyst	Company	Last	Target	Call	Valuation
03/07/19	DMG & Partners	A-Reit	2.83	2.9	Neutral	DDM
03/07/19	CIMB	A-Reit	2.83	2.83	Add
03/07/19	Kim Eng	DBS	25.36	29.56	Buy
03/07/19	CIMB	ESR-Reit	0.53	0.62	Add
03/07/19	phillip	Golden Energy	0.235	0.3	Buy	PER10x
03/07/19	UOB Kay Hian	Keppel Reit	1.28	1.35	Buy	DDM
03/07/19	OCBC	M1	2.05	2.06	Accept Offer	Offer $2.06
03/07/19	OCBC	Mapletree Logistics	1.42	1.5	Buy
03/07/19	Kim Eng	OCBC	11.22	10.73	Hold
03/07/19	Kim Eng	UOB	25.1	29.71	Buy

The Indian government likes to fabricate news.

https://sg.news.yahoo.com/satellite-images-show-madrasa-buildings-still-standing-scene-005341234.html

The Indian government didn't bomb the Pakistan structure as declared.  The latest satellite images contradict the Indian government's proclamation.

Ouch! The indian government must have felt a tight slap on its face now.

Nera Telecom - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/17/18	Lim & Tan	Nera Telecom	0.265	0	Buy
03/04/19	Lim & Tan	Nera Telecom	0.285	0	Buy

Neo Group - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/09/18	DMG & Partners	Neo Group	0.67	0.67	Neutral

Nam Lee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/12/18	Phillip	Nam Lee	0.38	0.56	Buy	DCF, PER11.1x FY18, PB0.96x FY18
05/07/18	Phillip	Nam Lee	0.37	0.56	Buy	DCF, PER11.9x FY18, PB0.97x FY18
08/08/18	Phillip	Nam Lee	0.365	0.51	Buy	DCF, PER10.5x FY18, PB0.88x FY18

Stock calls for 6 March 2019

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/19	DMG & Partners	Centurion	0.425	0.41	Neutral	DCF
03/06/19	CIMB	Dairy Farm	8.33	8.54	Hold	PER23.5x FY20

Canada is feeling the heat now.

https://www.channelnewsasia.com/news/business/canada-fm-decries-china-halting-canola-shipments-11315294

Canada should approach the USA to buy all the canola shipments since it is helping the USA to detain Huawei Cfo.

What's there to decry when Canada is standing with the USA to go against China?  Canada should know the consequences beforehand.

Asian deflation is happening!

https://finance.yahoo.com/news/malaysia-decision-guide-deflation-sets-210000368.html

We warned about deflation in Asia in our previous post below.

https://sg-stock.blogspot.com/2019/01/deflation-will-start-in-asia-soon.html

Therefore, it is not surprising to see Asian central banks to adopt anti-deflation policies because deflation is not good for economies.

Hyflux is finished now.

https://www.channelnewsasia.com/news/singapore/pub-default-notice-hyflux-tuaspring-right-take-over-plant-11313888

Hyflux will be game over once it loses tuaspring desalination plant.

It has a defective plant not only in SG but also in overseas.  In fact, every plant is defective.

Goodbye Hyflux! RIP!

Moya Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/18	DMG & Partners	Moya Asia	0.098	0.17	Buy
02/09/18	DMG & Partners	Moya Asia	0.091	0.17	Buy	DCF
03/02/18	DMG & Partners	Moya Asia	0.091	0.15	Buy	DCF, PER15x FY18
04/09/18	DMG & Partners	Moya Asia	0.099	0.15	Buy	DCF
05/02/18	DMG & Partners	Moya Asia	0.1	0.15	Buy	DCF
06/05/18	DMG & Partners	Moya Asia	0.087	0.14	Buy	DCF
08/07/18	DMG & Partners	Moya Asia	0.092	0.13	Buy	DCF
09/26/18	DMG & Partners	Moya Asia	0.083	0.13	Buy
11/05/18	DMG & Partners	Moya Asia	0.07	0.11	Buy	DCF
01/07/19	DMG & Partners	Moya Asia	0.06	0.11	Buy
02/13/19	DMG & Partners	Moya Asia	0.082	0.11	Buy	DCF
03/05/19	DMG & Partners	Moya Asia	0.077	0.11	Buy	DCF

MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/18	DBS Vickers	MM2 Asia	0.545	0.73	Buy
02/07/18	CIMB	MM2 Asia	0.49	0.76	Add
02/08/18	DBS Vickers	MM2 Asia	0.495	0.75	Buy	Sum of parts
03/05/18	CIMB	MM2 Asia	0.47	0.76	Add
03/15/18	CIMB	MM2 Asia	0.505	0.74	Add	Sum of parts
04/06/18	CIMB	MM2 Asia	0.49	0.74	Add
04/23/18	Kim Eng	MM2 Asia	0.495	0.56	Buy
05/30/18	DBS Vickers	MM2 Asia	0.495	0.7	Buy	Sum of parts
06/05/18	CIMB	MM2 Asia	0.485	0.72	Add	Sum of parts
08/15/18	DBS Vickers	MM2 Asia	0.42	0.62	Buy	Sum of parts
08/16/18	CIMB	MM2 Asia	0.42	0.72	Add	Sum of parts
08/20/18	Kim Eng	MM2 Asia	0.42	0.57	Buy	PEG
09/14/18	CIMB	MM2 Asia	0.365	0.72	Add
11/15/18	DBS Vickers	MM2 Asia	0.37	0.5	Buy	Sum of parts, PER16x FY19
11/19/18	Kim Eng	MM2 Asia	0.35	0.57	Buy	PEG1x
11/20/18	CIMB	MM2 Asia	0.345	0.5	Add	Sum of parts
02/14/19	DBS Vickers	MM2 Asia	0.3	0.33	Hold	Sum of parts
02/21/19	CIMB	MM2 Asia	0.3	0.37	Add	Sum of parts
02/21/19	Kim Eng	MM2 Asia	0.3	0.34	Buy	PEG0.93x

MIT - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/18	Lim & Tan	MIT	0.26	0	Buy
07/19/18	Lim & Tan	MIT	0.33	0.456	Buy

Stock calls for 5 March 2019

Date	Analyst	Company	Last	Target	Call	Valuation
03/05/19	DMG & Partners	Amara	0.46	0.88	Buy	RNAV (35% discount)
03/05/19	OCBC	ART	1.14	1.25	Buy
03/05/19	phillip	China Aviation Oil	1.3	1.67	Buy	PER11.5x FY19
03/05/19	Amfrasers	CSE Global	0.505	0.58	Buy
03/05/19	CIMB	First Resources	1.7	2.12	Add
03/05/19	UOB Kay Hian	Japfa	0.705	0.98	Buy	Sum of parts, PER10.7x FY19
03/05/19	DBS Vickers	Japfa	0.705	0.8	Buy
03/05/19	DMG & Partners	Moya Asia	0.077	0.11	Buy	DCF
03/05/19	Amfrasers	Sheng Siong	1.09	1.24	Buy
03/05/19	CIMB	Sunningdale	1.4	1.38	Reduce	PB0.69x FY19

India pays a high price to get cozy with the USA.

https://sg.finance.yahoo.com/news/trump-says-plans-end-indias-preferential-trade-treatment-000258315--finance.html

This is not the first time that the USA backstabbed India and it won't be the last.

http://sg-stock.blogspot.com/2018/03/india-has-to-pay-much-higher-price-to.html

Let's see how much the India will tolerate before it realizes the USA is a non-trustworthy partner.

China ups its ante against Canada.

https://sg.finance.yahoo.com/news/china-blocks-canola-shipments-canadas-richardson-customs-document-071841479--finance.html

Let's get the record straight in the first place.

Huawei Cfo was arrested in Canada during transit to Mexico.  She was accused of infringing USA's sanction against Iran via banking fraud.  However, the USA sanction is not a UN sanction.

First of all, if the banking fraud did occur, it happened in HK HSBC bank.  Therefore, Huawei Cfo contravened HK banking rules but not US banking rules.  Furthermore, Huawei Cfo is not an American citizen and does not possess a US green card. Thus, she cannot and shouldn't be subjected to US laws in another country.

Huawei Cfo's arrest is no doubt a political issue and never a legal issue.  The US is just abusing its might against a weaker country.

Therefore, I support China this time!

Mindchamps - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/05/18	Amfrasers	Mindchamps	0.74	0.86	Buy	DCF, PER23.2x FY18
04/23/18	DMG & Partners	Mindchamps	0.815	0.95	Buy	EV/Ebitda19x & DCF
04/27/18	DMG & Partners	Mindchamps	0.815	1	Buy	EV/Ebitda19x & DCF
05/09/18	DMG & Partners	Mindchamps	0.795	1	Buy	EV/Ebitda19x & DCF
05/15/18	Amfrasers	Mindchamps	0.78	0.86	Buy	PER23.2x FY18
08/07/18	DMG & Partners	Mindchamps	0.67	1	Buy
08/14/18	Amfrasers	Mindchamps	0.705	0.86	Buy	DCF, PER22.6x FY18
08/21/18	DMG & Partners	Mindchamps	0.7	0.94	Buy
10/11/18	DMG & Partners	Mindchamps	0.62	0.94	Buy
11/12/18	DMG & Partners	Mindchamps	0.625	0.87	Buy	DCF & EV/Ebitda17x FY19

Micro-Mechanics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/31/18	Phillip	Micro-Mechanics	2.35	2.5	Accumulate
05/02/18	Phillip	Micro-Mechanics	1.82	2.3	Buy	PER17x FY18
07/16/18	Phillip	Micro-Mechanics	1.82	2.3	Buy
08/29/18	Phillip	Micro-Mechanics	1.83	2.3	Buy	PER17x
11/01/18	Phillip	Micro-Mechanics	1.8	2.05	Buy	PER16x FY19
01/30/19	Phillip	Micro-Mechanics	1.67	1.7	Accumulate	PER15x FY19

Metro - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/25/18	Lim & Tan	Metro	1.17	0	Hold

Stock calls for 4 March 2019

Date	Analyst	Company	Last	Target	Call	Valuation
03/04/19	phillip	China Sunsine	1.26	1.55	Buy	FCFE
03/04/19	Kim Eng	Comfortdelgro	2.43	2.45	Hold	DCF
03/04/19	DMG & Partners	Dairy Farm	8.57	8.64	Neutral	DCF
03/04/19	DBS Vickers	Dairy Farm	8.57	8.44	Hold	Sum of parts
03/04/19	phillip	DBS	25.08	29	Buy
03/04/19	phillip	EC World Reit	0.76	0.85	Buy	DDM, PB0.84x FY19
03/04/19	DMG & Partners	First Resources	1.72	1.6	Neutral	PER13x FY19
03/04/19	DBS Vickers	First Resources	1.72	1.97	Buy
03/04/19	DMG & Partners	Food Empire	0.58	0.69	Buy
03/04/19	DMG & Partners	GSS Energy	0.112	0.17	Buy	DCF
03/04/19	Lim & Tan	Nera Telecom	0.285	0	Buy
03/04/19	phillip	OCBC	11.1	13.7	Buy
03/04/19	Lim & Tan	Pacific Century	0.385	0	Buy
03/04/19	phillip	Sheng Siong	1.09	1.3	Accumulate	PER25x
03/04/19	phillip	UOB	25	32.5	Buy
03/04/19	OCBC	Yangzijiang	1.44	1.44	Hold
03/04/19	UOB Kay Hian	Yangzijiang	1.44	1.39	Hold	Buy @ $1.25
03/04/19	DBS Vickers	Yangzijiang	1.44	1.82	buy	Sum of parts, PB1.1x

Newscasters will face retrenchments soon!

https://www.channelnewsasia.com/news/technology/china-xinhua-ai-robot-lifelike-female-news-anchor-11307696

The news broadcasting industry is being disrupted by AI robots now and China is the first to use AI robot for news broadcasts.