Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
05/12/10 DBS Vickers Sim Lian 0.52 0.56 Hold RNAV (40% discount)
Friday, July 9, 2010
Sino Grandess Food - New kid on the block
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
06/29/10 DMG & Partners Sino Grandness Food 0.285 0.4 Buy
06/29/10 DMG & Partners Sino Grandness Food 0.285 0.4 Buy
Thursday, July 8, 2010
United Envirotech - The next big thing?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
06/30/10 OCBC United Envirotech 0.38 0.52 Buy FCFE Model
06/30/10 OCBC United Envirotech 0.38 0.52 Buy FCFE Model
OKP - A good main contractor?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/01/10 CIMB OKP 0.525 0.85 Outperform PER10x
04/01/10 CIMB OKP 0.525 0.85 Outperform PER10x
Wednesday, July 7, 2010
Sing Holdings - only Phillip covers this company
Date
02/22/10 phillip Sing Holdings 0.38 0.43 Hold RNAV (10% discount)
05/14/10 phillip Sing Holdings 0.35 0.46 Buy RNAV (10% discount)
02/22/10 phillip Sing Holdings 0.38 0.43 Hold RNAV (10% discount)
05/14/10 phillip Sing Holdings 0.35 0.46 Buy RNAV (10% discount)
Roxy-Pacific - A boutique property developer
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
03/26/10 DBS Vickers Roxy-Pacific 0.34 0.44 Trading Buy RNAV (30% discount)
03/26/10 DBS Vickers Roxy-Pacific 0.34 0.44 Trading Buy RNAV (30% discount)
Tuesday, July 6, 2010
Hyflux Water Trust - No trust in this TRUST?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/26/10 DBS Vickers Hyflux Water Trust 0.705 0.7 Hold
05/14/10 DBS Vickers Hyflux Water Trust 0.665 0.68 Hold
02/26/10 DBS Vickers Hyflux Water Trust 0.705 0.7 Hold
05/14/10 DBS Vickers Hyflux Water Trust 0.665 0.68 Hold
Jardine C&C - Neutral call from DMG
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/30/10 DMG & Partners Jardine C&C 29.52 28.09 Neutral
04/30/10 DMG & Partners Jardine C&C 29.52 28.09 Neutral
Monday, July 5, 2010
Kingsmen Creative - Buy calls from all analysts!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
05/21/10 DMG & Partners Kingsmen Creative 0.545 0.77 Buy PER9x
05/24/10 DMG & Partners Kingsmen Creative 0.53 0.77 Buy PER9x
02/26/10 Kim Eng Kingsmen Creative 0.595 0.85 Buy
05/14/10 Kim Eng Kingsmen Creative 0.58 0.85 Buy
06/24/10 Kim Eng Kingsmen Creative 0.545 0.85 Buy Sum of parts
06/25/10 Kim Eng Kingsmen Creative 0.545 0.85 Buy Sum of parts
06/29/10 OCBC Kingsmen Creative 0.59 0.84 Buy PER9x
05/21/10 DMG & Partners Kingsmen Creative 0.545 0.77 Buy PER9x
05/24/10 DMG & Partners Kingsmen Creative 0.53 0.77 Buy PER9x
02/26/10 Kim Eng Kingsmen Creative 0.595 0.85 Buy
05/14/10 Kim Eng Kingsmen Creative 0.58 0.85 Buy
06/24/10 Kim Eng Kingsmen Creative 0.545 0.85 Buy Sum of parts
06/25/10 Kim Eng Kingsmen Creative 0.545 0.85 Buy Sum of parts
06/29/10 OCBC Kingsmen Creative 0.59 0.84 Buy PER9x
K-Reit - Not a good Reit?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
05/20/10 CIMB K-Reit 1.06 1.01 Underperform DDM
06/15/10 CIMB K-Reit 1.09 1.01 Underperform
01/21/10 DBS Vickers K-Reit 1.12 1.11 Hold
02/02/10 DBS Vickers K-Reit 1.08 1.13 Fully Valued
04/20/10 DBS Vickers K-Reit 1.13 1.17 Hold DCF
05/20/10 CIMB K-Reit 1.06 1.01 Underperform DDM
06/15/10 CIMB K-Reit 1.09 1.01 Underperform
01/21/10 DBS Vickers K-Reit 1.12 1.11 Hold
02/02/10 DBS Vickers K-Reit 1.08 1.13 Fully Valued
04/20/10 DBS Vickers K-Reit 1.13 1.17 Hold DCF
Saturday, July 3, 2010
Mapletree Logistics - A good REIT?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/22/10 CIMB Mapletree Logistics 0.8 0.74 Underperform DDM
03/25/10 CIMB Mapletree Logistics 0.84 0.74 Underperform
04/23/10 CIMB Mapletree Logistics 0.875 0.86 Neutral DDM
05/18/10 CIMB Mapletree Logistics 0.82 0.86 Neutral
03/17/10 Credit Suisse Mapletree Logistics 0.83 0.98 Outperform DDM
01/25/10 DBS Vickers Mapletree Logistics 0.8 0.86 Buy
04/23/10 DBS Vickers Mapletree Logistics 0.875 0.93 Buy
06/01/10 DBS Vickers Mapletree Logistics 0.82 0.93 Buy 7.6% Yield
06/04/10 DBS Vickers Mapletree Logistics 0.83 0.93 Buy
01/04/10 OCBC Mapletree Logistics 0.785 0.78 Buy
03/04/10 OCBC Mapletree Logistics 0.79 0.91 Buy
04/14/10 OCBC Mapletree Logistics 0.845 0.91 Buy
04/23/10 OCBC Mapletree Logistics 0.875 0.93 Buy PB1.07x
05/12/10 OCBC Mapletree Logistics 0.83 0.93 Buy
05/24/10 OCBC Mapletree Logistics 0.81 0.93 Buy
06/02/10 OCBC Mapletree Logistics 0.81 0.84 Buy
01/22/10 CIMB Mapletree Logistics 0.8 0.74 Underperform DDM
03/25/10 CIMB Mapletree Logistics 0.84 0.74 Underperform
04/23/10 CIMB Mapletree Logistics 0.875 0.86 Neutral DDM
05/18/10 CIMB Mapletree Logistics 0.82 0.86 Neutral
03/17/10 Credit Suisse Mapletree Logistics 0.83 0.98 Outperform DDM
01/25/10 DBS Vickers Mapletree Logistics 0.8 0.86 Buy
04/23/10 DBS Vickers Mapletree Logistics 0.875 0.93 Buy
06/01/10 DBS Vickers Mapletree Logistics 0.82 0.93 Buy 7.6% Yield
06/04/10 DBS Vickers Mapletree Logistics 0.83 0.93 Buy
01/04/10 OCBC Mapletree Logistics 0.785 0.78 Buy
03/04/10 OCBC Mapletree Logistics 0.79 0.91 Buy
04/14/10 OCBC Mapletree Logistics 0.845 0.91 Buy
04/23/10 OCBC Mapletree Logistics 0.875 0.93 Buy PB1.07x
05/12/10 OCBC Mapletree Logistics 0.83 0.93 Buy
05/24/10 OCBC Mapletree Logistics 0.81 0.93 Buy
06/02/10 OCBC Mapletree Logistics 0.81 0.84 Buy
Mercator - Hold only!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/22/10 phillip Mercator 0.305 0.36 Hold BV0.9x
07/01/10 phillip Mercator 0.27 0.32 Hold BV0.7x
01/22/10 phillip Mercator 0.305 0.36 Hold BV0.9x
07/01/10 phillip Mercator 0.27 0.32 Hold BV0.7x
Friday, July 2, 2010
New Lakeside will go bankrupt anytime!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/27/10 Lim & Tan New Lakeside 0.03 0 Sell -100 Bankrupt
01/27/10 Lim & Tan New Lakeside 0.03 0 Sell -100 Bankrupt
SATS - All analysts love this except CIMB.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/05/10 CIMB SATS 2.57 2.19 Underperform PER12.4x
05/06/10 CIMB SATS 2.78 2.19 Underperform PER12.4x
05/18/10 CIMB SATS 2.75 2.19 Underperform
01/05/10 DBS Vickers SATS 2.74 3 Buy
03/08/10 DBS Vickers SATS 2.61 3.09 Buy
03/25/10 DBS Vickers SATS 2.61 3.2 Buy DCF & PER14x
04/15/10 DBS Vickers SATS 2.87 3.2 Buy
05/06/10 DBS Vickers SATS 2.78 3.13 Buy DCF
02/05/10 DMG & Partners SATS 2.57 3.07 Buy DCF, PER16x
03/29/10 DMG & Partners SATS 2.65 3.07 Buy DCF, PER16x
04/01/10 DMG & Partners SATS 2.64 3.07 Buy
01/05/10 Kim Eng SATS 2.69 3.16 Buy PER18x
02/05/10 Kim Eng SATS 2.57 3.26 Buy PER18x
05/14/10 Kim Eng SATS 2.76 3.3 Buy
02/05/10 OCBC SATS 2.57 3.27 Buy DCF
03/15/10 OCBC SATS 2.65 3.27 Buy DCF
05/06/10 OCBC SATS 2.78 3.27 Buy DCF
06/10/10 OCBC SATS 2.54 3.27 Buy
06/30/10 phillip SATS 2.65 3.28 Buy
02/05/10 CIMB SATS 2.57 2.19 Underperform PER12.4x
05/06/10 CIMB SATS 2.78 2.19 Underperform PER12.4x
05/18/10 CIMB SATS 2.75 2.19 Underperform
01/05/10 DBS Vickers SATS 2.74 3 Buy
03/08/10 DBS Vickers SATS 2.61 3.09 Buy
03/25/10 DBS Vickers SATS 2.61 3.2 Buy DCF & PER14x
04/15/10 DBS Vickers SATS 2.87 3.2 Buy
05/06/10 DBS Vickers SATS 2.78 3.13 Buy DCF
02/05/10 DMG & Partners SATS 2.57 3.07 Buy DCF, PER16x
03/29/10 DMG & Partners SATS 2.65 3.07 Buy DCF, PER16x
04/01/10 DMG & Partners SATS 2.64 3.07 Buy
01/05/10 Kim Eng SATS 2.69 3.16 Buy PER18x
02/05/10 Kim Eng SATS 2.57 3.26 Buy PER18x
05/14/10 Kim Eng SATS 2.76 3.3 Buy
02/05/10 OCBC SATS 2.57 3.27 Buy DCF
03/15/10 OCBC SATS 2.65 3.27 Buy DCF
05/06/10 OCBC SATS 2.78 3.27 Buy DCF
06/10/10 OCBC SATS 2.54 3.27 Buy
06/30/10 phillip SATS 2.65 3.28 Buy
Thursday, July 1, 2010
Singapore market has more downside - See Straits Times Index Chart!
The chart dated 01/07/2010 indicates that STI has more room to fall as there's a discernible fall in the average trading volumes which also means that there's an outflow of funds.
KSH - Only DMG covers this stock.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/17/10 DMG & Partners KSH 0.27 0.38 Buy Sum of parts
04/07/10 DMG & Partners KSH 0.27 0.38 Buy
05/25/10 DMG & Partners KSH 0.25 0.38 Buy
05/26/10 DMG & Partners KSH 0.25 0.35 Buy Sum of parts
06/04/10 DMG & Partners KSH 0.26 0.35 Buy Sum of parts
06/17/10 DMG & Partners KSH 0.27 0.35 Buy
07/01/10 DMG & Partners KSH 0.26 0.35 Buy
02/17/10 DMG & Partners KSH 0.27 0.38 Buy Sum of parts
04/07/10 DMG & Partners KSH 0.27 0.38 Buy
05/25/10 DMG & Partners KSH 0.25 0.38 Buy
05/26/10 DMG & Partners KSH 0.25 0.35 Buy Sum of parts
06/04/10 DMG & Partners KSH 0.26 0.35 Buy Sum of parts
06/17/10 DMG & Partners KSH 0.27 0.35 Buy
07/01/10 DMG & Partners KSH 0.26 0.35 Buy
Meiban - Worth buying?
Date/Research House/Stock/Last Done/Target Price/Stock/Valuation Method
02/24/10 CIMB Meiban 0.29 0.41 Outperform PB0.9x
03/11/10 CIMB Meiban 0.3 0.41 Outperform
05/12/10 DBS Vickers Meiban 0.29 0.3 Hold
02/24/10 CIMB Meiban 0.29 0.41 Outperform PB0.9x
03/11/10 CIMB Meiban 0.3 0.41 Outperform
05/12/10 DBS Vickers Meiban 0.29 0.3 Hold
Wednesday, June 30, 2010
Rotary - Analysts love this stock.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/19/10 CIMB Rotary 1.15 1.66 Outperform
05/07/10 CIMB Rotary 0.99 1.63 Outperform PER11x
05/18/10 CIMB Rotary 1.03 1.63 Outperform
03/24/10 OCBC Rotary 1.02 1.44 Buy
05/10/10 OCBC Rotary 1.01 1.53 Buy
05/31/10 OCBC Rotary 0.895 1.53 Buy
04/19/10 CIMB Rotary 1.15 1.66 Outperform
05/07/10 CIMB Rotary 0.99 1.63 Outperform PER11x
05/18/10 CIMB Rotary 1.03 1.63 Outperform
03/24/10 OCBC Rotary 1.02 1.44 Buy
05/10/10 OCBC Rotary 1.01 1.53 Buy
05/31/10 OCBC Rotary 0.895 1.53 Buy
PEC - Buy calls!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
06/29/10 CIMB PEC 0.74 1.22 Outperform PER8.5x
01/07/10 DBS Vickers PEC 0.785 1 Buy Sum of parts
02/09/10 DBS Vickers PEC 0.71 1.06 Buy Sum of parts
05/12/10 DBS Vickers PEC 0.745 1.28 Buy PER12x
06/29/10 CIMB PEC 0.74 1.22 Outperform PER8.5x
01/07/10 DBS Vickers PEC 0.785 1 Buy Sum of parts
02/09/10 DBS Vickers PEC 0.71 1.06 Buy Sum of parts
05/12/10 DBS Vickers PEC 0.745 1.28 Buy PER12x
Tuesday, June 29, 2010
Koda - OCBC loves this furniture company
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/11/10 OCBC Koda 0.22 0.295 Buy NTA1x
03/15/10 OCBC Koda 0.215 0.295 Buy
05/13/10 OCBC Koda 0.23 0.3 Buy
02/11/10 OCBC Koda 0.22 0.295 Buy NTA1x
03/15/10 OCBC Koda 0.215 0.295 Buy
05/13/10 OCBC Koda 0.23 0.3 Buy
Longcheer - Buy calls from analysts!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/10/10 DMG & Partners Longcheer 0.54 0.66 Buy PER7.9x
05/11/10 DMG & Partners Longcheer 0.64 0.66 Buy Under Review
05/12/10 DMG & Partners Longcheer 0.65 0.85 Buy PER8.4x
02/09/10 Lim & Tan Longcheer 0.5 0 Buy
02/17/10 Lim & Tan Longcheer 0.55 0 Buy
03/09/10 Lim & Tan Longcheer 0.575 0 Buy
03/17/10 Lim & Tan Longcheer 0.63 0 Buy
03/24/10 Lim & Tan Longcheer 0.635 0 Buy
04/06/10 Lim & Tan Longcheer 0.685 0 Buy
04/27/10 Lim & Tan Longcheer 0.765 0 Buy
05/11/10 Lim & Tan Longcheer 0.64 0 Buy
05/21/10 Lim & Tan Longcheer 0.68 0 Buy
02/10/10 DMG & Partners Longcheer 0.54 0.66 Buy PER7.9x
05/11/10 DMG & Partners Longcheer 0.64 0.66 Buy Under Review
05/12/10 DMG & Partners Longcheer 0.65 0.85 Buy PER8.4x
02/09/10 Lim & Tan Longcheer 0.5 0 Buy
02/17/10 Lim & Tan Longcheer 0.55 0 Buy
03/09/10 Lim & Tan Longcheer 0.575 0 Buy
03/17/10 Lim & Tan Longcheer 0.63 0 Buy
03/24/10 Lim & Tan Longcheer 0.635 0 Buy
04/06/10 Lim & Tan Longcheer 0.685 0 Buy
04/27/10 Lim & Tan Longcheer 0.765 0 Buy
05/11/10 Lim & Tan Longcheer 0.64 0 Buy
05/21/10 Lim & Tan Longcheer 0.68 0 Buy
Monday, June 28, 2010
China Animal - Analysts like animals
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/10/10 AmFraser China Animal 0.24 0.32 Buy
05/10/10 AmFraser China Animal 0.28 0.39 Buy
01/08/10 DBS Vickers China Animal 0.26 0.29 Buy
01/21/10 DBS Vickers China Animal 0.28 0.4 Buy PER12x
02/09/10 DBS Vickers China Animal 0.24 0.33 Buy PER12x
04/16/10 DBS Vickers China Animal 0.33 0.4 Buy PER15x
05/07/10 DBS Vickers China Animal 0.3 0.4 Buy PER10x
02/10/10 AmFraser China Animal 0.24 0.32 Buy
05/10/10 AmFraser China Animal 0.28 0.39 Buy
01/08/10 DBS Vickers China Animal 0.26 0.29 Buy
01/21/10 DBS Vickers China Animal 0.28 0.4 Buy PER12x
02/09/10 DBS Vickers China Animal 0.24 0.33 Buy PER12x
04/16/10 DBS Vickers China Animal 0.33 0.4 Buy PER15x
05/07/10 DBS Vickers China Animal 0.3 0.4 Buy PER10x
Capitamalls Asia - Is this a good asia reit?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/14/10 CIMB Capitamalls Asia 2.29 2.34 Underperform RNAV
04/16/10 CIMB Capitamalls Asia 2.27 2.34 Underperform
05/10/10 CIMB Capitamalls Asia 1.97 2.34 Underperform
05/18/10 CIMB Capitamalls Asia 2.14 2.34 Underperform
04/14/10 DBS Vickers Capitamalls Asia 2.29 2.51 Buy RNAV (10% premium)
06/14/10 DBS Vickers Capitamalls Asia 2.1 2.51 Buy RNAV (10% premium)
06/21/10 OCBC Capitamalls Asia 2.16 2.4 Buy RNAV
04/14/10 CIMB Capitamalls Asia 2.29 2.34 Underperform RNAV
04/16/10 CIMB Capitamalls Asia 2.27 2.34 Underperform
05/10/10 CIMB Capitamalls Asia 1.97 2.34 Underperform
05/18/10 CIMB Capitamalls Asia 2.14 2.34 Underperform
04/14/10 DBS Vickers Capitamalls Asia 2.29 2.51 Buy RNAV (10% premium)
06/14/10 DBS Vickers Capitamalls Asia 2.1 2.51 Buy RNAV (10% premium)
06/21/10 OCBC Capitamalls Asia 2.16 2.4 Buy RNAV
Sunday, June 27, 2010
Pacific Shipping - Loved by DBS Vickers but disliked by OCBC
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/04/10 DBS Vickers Pacific Shipping 0.27 0.22 Fully Valued
01/22/10 DBS Vickers Pacific Shipping 0.28 0.3 Hold 10% Yield
04/26/10 DBS Vickers Pacific Shipping 0.305 0.37 Buy 9% Yield
01/21/10 OCBC Pacific Shipping 0.275 0.23 Hold FCFE Model (30% discount)
03/19/10 OCBC Pacific Shipping 0.28 0.23 Hold
04/16/10 OCBC Pacific Shipping 0.3 0.23 Hold
04/23/10 OCBC Pacific Shipping 0.3 0.29 Hold FCFE Model (20% discount)
05/19/10 OCBC Pacific Shipping 0.28 0.29 Hold
01/04/10 DBS Vickers Pacific Shipping 0.27 0.22 Fully Valued
01/22/10 DBS Vickers Pacific Shipping 0.28 0.3 Hold 10% Yield
04/26/10 DBS Vickers Pacific Shipping 0.305 0.37 Buy 9% Yield
01/21/10 OCBC Pacific Shipping 0.275 0.23 Hold FCFE Model (30% discount)
03/19/10 OCBC Pacific Shipping 0.28 0.23 Hold
04/16/10 OCBC Pacific Shipping 0.3 0.23 Hold
04/23/10 OCBC Pacific Shipping 0.3 0.29 Hold FCFE Model (20% discount)
05/19/10 OCBC Pacific Shipping 0.28 0.29 Hold
Saturday, June 26, 2010
Cerebos - A great chicken essence stock!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/09/10 CIMB Cerebos 3.72 5.16 Outperform Sum of parts
05/11/10 CIMB Cerebos 3.72 5.34 Outperform Sum of parts
05/18/10 CIMB Cerebos 3.94 5.34 Outperform
05/18/10 CIMB Cerebos 4.02 5.34 Outperform
06/01/10 CIMB Cerebos 3.91 5.34 Outperform Sum of parts
02/09/10 CIMB Cerebos 3.72 5.16 Outperform Sum of parts
05/11/10 CIMB Cerebos 3.72 5.34 Outperform Sum of parts
05/18/10 CIMB Cerebos 3.94 5.34 Outperform
05/18/10 CIMB Cerebos 4.02 5.34 Outperform
06/01/10 CIMB Cerebos 3.91 5.34 Outperform Sum of parts
Friday, June 25, 2010
Genting vs Marina Bay Sands
Extracted news:
"Our estimate is that Marina Bay Sands, because of the customer profile, its position geographically in Singapore and its size and breadth of the facility, they are going to capture 60 per cent of the market," said Jonathan Galaviz, managing partner of Galaviz & Co.
End news
Genting will only garner about 40% of the market share in Singapore compared to MBS of 60%. The suprising stronghold of genting share price will not hold as it is artificially being held up. It is speculated that the share price is being propped up for fund raising. Let's see if genting will issue more rights or warrants by end of this year.
"Our estimate is that Marina Bay Sands, because of the customer profile, its position geographically in Singapore and its size and breadth of the facility, they are going to capture 60 per cent of the market," said Jonathan Galaviz, managing partner of Galaviz & Co.
End news
Genting will only garner about 40% of the market share in Singapore compared to MBS of 60%. The suprising stronghold of genting share price will not hold as it is artificially being held up. It is speculated that the share price is being propped up for fund raising. Let's see if genting will issue more rights or warrants by end of this year.
C&O Pharm - Analysts love this stock!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/12/10 DMG & Partners C&O Pharm 0.29 0.36 Buy PER11x
04/06/10 DMG & Partners C&O Pharm 0.42 0.5 Buy PER12x
04/07/10 DMG & Partners C&O Pharm 0.41 0.5 Buy PER12x
04/12/10 DMG & Partners C&O Pharm 0.43 0.5 Buy PER12x
05/12/10 Lim & Tan C&O Pharm 0.41 0 Buy
05/05/10 phillip C&O Pharm 0.39 0.53 Outperform DCF
05/12/10 phillip C&O Pharm 0.41 0.53 Buy
02/12/10 DMG & Partners C&O Pharm 0.29 0.36 Buy PER11x
04/06/10 DMG & Partners C&O Pharm 0.42 0.5 Buy PER12x
04/07/10 DMG & Partners C&O Pharm 0.41 0.5 Buy PER12x
04/12/10 DMG & Partners C&O Pharm 0.43 0.5 Buy PER12x
05/12/10 Lim & Tan C&O Pharm 0.41 0 Buy
05/05/10 phillip C&O Pharm 0.39 0.53 Outperform DCF
05/12/10 phillip C&O Pharm 0.41 0.53 Buy
Bukit Sembawang - Buy for CIMB, Hold for DBS Vickers
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/17/10 CIMB Bukit Sembawang 4.6 5.64 Outperform RNAV (25% discount)
04/16/10 CIMB Bukit Sembawang 4.93 5.64 Outperform
05/10/10 CIMB Bukit Sembawang 4.57 5.64 Outperform
05/18/10 CIMB Bukit Sembawang 4.73 5.64 Outperform
06/14/10 CIMB Bukit Sembawang 4.55 5.59 Outperform
01/04/10 DBS Vickers Bukit Sembawang 4.9 5.94 Buy
02/17/10 DBS Vickers Bukit Sembawang 4.6 6.07 Buy RNAV (30% discount)
03/08/10 DBS Vickers Bukit Sembawang 4.6 5.2 Hold
05/24/10 DBS Vickers Bukit Sembawang 4.6 5.25 Buy RNAV (40% discount)
06/16/10 DBS Vickers Bukit Sembawang 4.56 5.25 Hold
02/17/10 CIMB Bukit Sembawang 4.6 5.64 Outperform RNAV (25% discount)
04/16/10 CIMB Bukit Sembawang 4.93 5.64 Outperform
05/10/10 CIMB Bukit Sembawang 4.57 5.64 Outperform
05/18/10 CIMB Bukit Sembawang 4.73 5.64 Outperform
06/14/10 CIMB Bukit Sembawang 4.55 5.59 Outperform
01/04/10 DBS Vickers Bukit Sembawang 4.9 5.94 Buy
02/17/10 DBS Vickers Bukit Sembawang 4.6 6.07 Buy RNAV (30% discount)
03/08/10 DBS Vickers Bukit Sembawang 4.6 5.2 Hold
05/24/10 DBS Vickers Bukit Sembawang 4.6 5.25 Buy RNAV (40% discount)
06/16/10 DBS Vickers Bukit Sembawang 4.56 5.25 Hold
Thursday, June 24, 2010
Cambridge Industrial - A good reit?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/28/10 DBS Vickers Cambridge Industrial 0.45 0.54 Buy DCF
04/22/10 DBS Vickers Cambridge Industrial 0.51 0.54 Buy
01/28/10 DMG & Partners Cambridge Industrial 0.45 0.64 Buy DDM, Div Yield 8.5%
04/23/10 DMG & Partners Cambridge Industrial 0.505 0.64 Buy
01/29/10 phillip Cambridge Industrial 0.465 0.48 Hold Div Yield 9%
04/23/10 phillip Cambridge Industrial 0.505 0.51 Hold
01/28/10 DBS Vickers Cambridge Industrial 0.45 0.54 Buy DCF
04/22/10 DBS Vickers Cambridge Industrial 0.51 0.54 Buy
01/28/10 DMG & Partners Cambridge Industrial 0.45 0.64 Buy DDM, Div Yield 8.5%
04/23/10 DMG & Partners Cambridge Industrial 0.505 0.64 Buy
01/29/10 phillip Cambridge Industrial 0.465 0.48 Hold Div Yield 9%
04/23/10 phillip Cambridge Industrial 0.505 0.51 Hold
CNA - DMG loves this stock, not the channelnewsasia.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
03/18/10 DMG & Partners C N A 0.375 0.57 Buy PER8.2x
04/01/10 DMG & Partners C N A 0.295 0.46 Buy PER6.6x
05/17/10 DMG & Partners C N A 0.275 0.46 Buy PER6.6x
03/18/10 DMG & Partners C N A 0.375 0.57 Buy PER8.2x
04/01/10 DMG & Partners C N A 0.295 0.46 Buy PER6.6x
05/17/10 DMG & Partners C N A 0.275 0.46 Buy PER6.6x
Wednesday, June 23, 2010
Broadway - All analysts called for a BUY!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
03/11/10 CIMB Broadway 0.88 1.67 Outperform
04/28/10 CIMB Broadway 1.06 1.67 Outperform PER8x
02/24/10 DBS Vickers Broadway 0.855 1.28 Buy PER7x
04/15/10 DBS Vickers Broadway 1.05 1.28 Buy
01/08/10 DMG & Partners Broadway 0.64 1.01 Buy PER6.5x
02/24/10 DMG & Partners Broadway 0.855 1.16 Buy PER6.1x
04/28/10 DMG & Partners Broadway 1.06 1.46 Buy PER6.9x
06/15/10 DMG & Partners Broadway 1.1 1.46 Buy
02/24/10 Lim & Tan Broadway 0.855 0 Buy
04/28/10 Lim & Tan Broadway 1.06 0 Buy
03/11/10 CIMB Broadway 0.88 1.67 Outperform
04/28/10 CIMB Broadway 1.06 1.67 Outperform PER8x
02/24/10 DBS Vickers Broadway 0.855 1.28 Buy PER7x
04/15/10 DBS Vickers Broadway 1.05 1.28 Buy
01/08/10 DMG & Partners Broadway 0.64 1.01 Buy PER6.5x
02/24/10 DMG & Partners Broadway 0.855 1.16 Buy PER6.1x
04/28/10 DMG & Partners Broadway 1.06 1.46 Buy PER6.9x
06/15/10 DMG & Partners Broadway 1.1 1.46 Buy
02/24/10 Lim & Tan Broadway 0.855 0 Buy
04/28/10 Lim & Tan Broadway 1.06 0 Buy
Ausgroup - Nobody likes this stock!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/08/10 CIMB Ausgroup 0.62 0.96 Outperform PER13x
05/13/10 CIMB Ausgroup 0.54 0.61 Neutral PER11x
05/14/10 CIMB Ausgroup 0.54 0.61 Neutral
05/18/10 CIMB Ausgroup 0.54 0.61 Neutral
05/31/10 CIMB Ausgroup 0.46 0.61 Neutral
01/14/10 OCBC Ausgroup 0.685 0.78 Buy PER12x
02/12/10 OCBC Ausgroup 0.56 0.6 Hold PER11x
03/31/10 OCBC Ausgroup 0.6 0.6 Hold
05/05/10 OCBC Ausgroup 0.58 0.43 Sell PER11x
06/04/10 OCBC Ausgroup 0.465 0.43 Hold PER11x
04/08/10 CIMB Ausgroup 0.62 0.96 Outperform PER13x
05/13/10 CIMB Ausgroup 0.54 0.61 Neutral PER11x
05/14/10 CIMB Ausgroup 0.54 0.61 Neutral
05/18/10 CIMB Ausgroup 0.54 0.61 Neutral
05/31/10 CIMB Ausgroup 0.46 0.61 Neutral
01/14/10 OCBC Ausgroup 0.685 0.78 Buy PER12x
02/12/10 OCBC Ausgroup 0.56 0.6 Hold PER11x
03/31/10 OCBC Ausgroup 0.6 0.6 Hold
05/05/10 OCBC Ausgroup 0.58 0.43 Sell PER11x
06/04/10 OCBC Ausgroup 0.465 0.43 Hold PER11x
Tuesday, June 22, 2010
Asia Environment - A lousy stock?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/04/10 DBS Vickers Asia Environment 0.31 0.47 Buy
02/04/10 DBS Vickers Asia Environment 0.29 0.23 Fully Valued PER8x
03/02/10 DBS Vickers Asia Environment 0.225 0.2 Fully Valued PER8x
05/10/10 DBS Vickers Asia Environment 0.16 0.15 Fully Valued PER8x
01/04/10 DBS Vickers Asia Environment 0.31 0.47 Buy
02/04/10 DBS Vickers Asia Environment 0.29 0.23 Fully Valued PER8x
03/02/10 DBS Vickers Asia Environment 0.225 0.2 Fully Valued PER8x
05/10/10 DBS Vickers Asia Environment 0.16 0.15 Fully Valued PER8x
ART - An "ART" that is loved by all analysts
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
03/25/10 CIMB ART 1.25 1.35 Neutral
05/03/10 CIMB ART 1.2 1.35 Outperform DDM
05/03/10 CIMB ART 1.2 1.35 Outperform DDM
05/18/10 CIMB ART 1.16 1.35 Outperform
01/04/10 DBS Vickers ART 1.13 1.32 Buy
01/25/10 DBS Vickers ART 1.29 1.46 Buy
02/22/10 DBS Vickers ART 1.13 1.46 Buy
03/08/10 DBS Vickers ART 1.23 1.46 Buy
04/30/10 DBS Vickers ART 1.17 1.46 Buy
06/16/10 Kim Eng ART 1.12 1.35 Buy DDM, Div Yield 7%
01/21/10 Lim & Tan ART 1.33 0 Buy
01/04/10 OCBC ART 1.2 1.25 Buy
02/02/10 OCBC ART 1.14 1.38 Buy
03/04/10 OCBC ART 1.17 1.38 Buy
04/14/10 OCBC ART 1.25 1.38 Buy
04/30/10 OCBC ART 1.17 1.32 Buy
05/12/10 OCBC ART 1.15 1.32 Buy
03/25/10 CIMB ART 1.25 1.35 Neutral
05/03/10 CIMB ART 1.2 1.35 Outperform DDM
05/03/10 CIMB ART 1.2 1.35 Outperform DDM
05/18/10 CIMB ART 1.16 1.35 Outperform
01/04/10 DBS Vickers ART 1.13 1.32 Buy
01/25/10 DBS Vickers ART 1.29 1.46 Buy
02/22/10 DBS Vickers ART 1.13 1.46 Buy
03/08/10 DBS Vickers ART 1.23 1.46 Buy
04/30/10 DBS Vickers ART 1.17 1.46 Buy
06/16/10 Kim Eng ART 1.12 1.35 Buy DDM, Div Yield 7%
01/21/10 Lim & Tan ART 1.33 0 Buy
01/04/10 OCBC ART 1.2 1.25 Buy
02/02/10 OCBC ART 1.14 1.38 Buy
03/04/10 OCBC ART 1.17 1.38 Buy
04/14/10 OCBC ART 1.25 1.38 Buy
04/30/10 OCBC ART 1.17 1.32 Buy
05/12/10 OCBC ART 1.15 1.32 Buy
Monday, June 21, 2010
ARA Asset Management - A good choice?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
03/16/10 CIMB ARA Asset Management 1.14 1.36 Trading Buy Sum of parts
05/06/10 CIMB ARA Asset Management 0.92 1.36 Outperform Sum of parts
06/02/10 DBS Vickers ARA Asset Management 0.935 1.11 Buy Sum of parts
03/16/10 CIMB ARA Asset Management 1.14 1.36 Trading Buy Sum of parts
05/06/10 CIMB ARA Asset Management 0.92 1.36 Outperform Sum of parts
06/02/10 DBS Vickers ARA Asset Management 0.935 1.11 Buy Sum of parts
Mermaid Maritime - Is this stock really a mermaid?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/21/10 CIMB Mermaid 0.73 1 Outperform PER12x
05/14/10 CIMB Mermaid 0.67 1 Outperform
05/17/10 CIMB Mermaid 0.67 0.73 Trading Sell PER12x
05/31/10 CIMB Mermaid 0.48 0.73 Trading Buy
06/08/10 CIMB Mermaid 0.53 0.73 Trading Sell
01/04/10 DBS Vickers Mermaid 0.83 1.11 Buy
02/17/10 DBS Vickers Mermaid 0.64 1.03 Buy
05/07/10 DBS Vickers Mermaid 0.68 0.64 Fully Valued Blended PER 9X & PER12x
05/17/10 DBS Vickers Mermaid 0.67 0.53 Fully Valued PER9x & 12x
04/21/10 CIMB Mermaid 0.73 1 Outperform PER12x
05/14/10 CIMB Mermaid 0.67 1 Outperform
05/17/10 CIMB Mermaid 0.67 0.73 Trading Sell PER12x
05/31/10 CIMB Mermaid 0.48 0.73 Trading Buy
06/08/10 CIMB Mermaid 0.53 0.73 Trading Sell
01/04/10 DBS Vickers Mermaid 0.83 1.11 Buy
02/17/10 DBS Vickers Mermaid 0.64 1.03 Buy
05/07/10 DBS Vickers Mermaid 0.68 0.64 Fully Valued Blended PER 9X & PER12x
05/17/10 DBS Vickers Mermaid 0.67 0.53 Fully Valued PER9x & 12x
Saturday, June 19, 2010
Is US benefitting from the EU crisis? US Dow Jones chart reveals it all.
The charted above dated 19/06/10 clearly shows that US stock market benefitted from the EU crisis whereby there's a huge capital inflow of funds into the stock market based on the average trading volume. This usually is a precusor of future trend which can be seen that Dow Jones had rebounded from the doldrum 2 weeks ago.
However, if the reversal happens, that is, a declining trading volume or an outflow of funds, then it is better to sell before this mini rally ends.
However, if the reversal happens, that is, a declining trading volume or an outflow of funds, then it is better to sell before this mini rally ends.
Kingboard Copper Foil - CIMB supports this strongly.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
03/11/10 CIMB Kingboard Copper foil 0.31 0.48 Outperform
04/29/10 CIMB Kingboard Copper foil 0.3 0.49 Outperform PB0.7x
03/11/10 CIMB Kingboard Copper foil 0.31 0.48 Outperform
04/29/10 CIMB Kingboard Copper foil 0.3 0.49 Outperform PB0.7x
Nera Telecommunication
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/12/10 DMG & Partners Nera Tel 0.34 0.36 Neutral PER10.9x
04/21/10 DMG & Partners Nera Tel 0.385 0.36 Neutral PER11.5x
02/11/10 Lim & Tan Nera Tel 0.335 0 Buy
02/12/10 DMG & Partners Nera Tel 0.34 0.36 Neutral PER10.9x
04/21/10 DMG & Partners Nera Tel 0.385 0.36 Neutral PER11.5x
02/11/10 Lim & Tan Nera Tel 0.335 0 Buy
Friday, June 18, 2010
Stats Chippac - Lim & Tan strongly supports this stock.
Date/Research House/Stocks/Last Done/Target Price/Call/Valuation Method
01/05/10 Lim & Tan Stats Chippac 1.09 0 Buy
04/28/10 Lim & Tan Stats Chippac 1.15 0 Buy
05/24/10 Lim & Tan Stats Chippac 0.97 0 Buy
06/09/10 Lim & Tan Stats Chippac 1.07 0 Buy
06/14/10 Lim & Tan Stats Chippac 1.08 0 Buy
06/16/10 Lim & Tan Stats Chippac 1.07 0 Buy
06/18/10 Lim & Tan Stats Chippac 1.08 0 Buy
01/05/10 Lim & Tan Stats Chippac 1.09 0 Buy
04/28/10 Lim & Tan Stats Chippac 1.15 0 Buy
05/24/10 Lim & Tan Stats Chippac 0.97 0 Buy
06/09/10 Lim & Tan Stats Chippac 1.07 0 Buy
06/14/10 Lim & Tan Stats Chippac 1.08 0 Buy
06/16/10 Lim & Tan Stats Chippac 1.07 0 Buy
06/18/10 Lim & Tan Stats Chippac 1.08 0 Buy
Swing Media - DMG strongly supports this!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/14/10 DMG & Partners Swing Media 0.065 0.105 Buy PB0.7x
03/11/10 DMG & Partners Swing Media 0.06 0.105 Buy PB0.7x
03/17/10 DMG & Partners Swing Media 0.065 0.105 Buy
04/07/10 DMG & Partners Swing Media 0.065 0.105 Buy PB1.1x
04/12/10 DMG & Partners Swing Media 0.07 0.105 Buy PB1.1x
01/14/10 DMG & Partners Swing Media 0.065 0.105 Buy PB0.7x
03/11/10 DMG & Partners Swing Media 0.06 0.105 Buy PB0.7x
03/17/10 DMG & Partners Swing Media 0.065 0.105 Buy
04/07/10 DMG & Partners Swing Media 0.065 0.105 Buy PB1.1x
04/12/10 DMG & Partners Swing Media 0.07 0.105 Buy PB1.1x
Thursday, June 17, 2010
Karin - OCBC supports this stock.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/12/10 OCBC Karin 0.215 0.28 Buy PER8x
02/11/10 OCBC Karin 0.225 0.28 Buy PER8x
06/17/10 OCBC Karin 0.22 0.28 Buy
01/12/10 OCBC Karin 0.215 0.28 Buy PER8x
02/11/10 OCBC Karin 0.225 0.28 Buy PER8x
06/17/10 OCBC Karin 0.22 0.28 Buy
Allgreen - Is it greener?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/26/10 AmFraser Allgreen 1.12 1.4 Buy RNAV
04/30/10 AmFraser Allgreen 1.23 1.45 Buy RNAV
01/11/10 CIMB Allgreen 1.29 1.57 Outperform RNAV
02/02/10 CIMB Allgreen 1.15 1.57 Outperform
03/30/10 CIMB Allgreen 1.2 1.67 Outperform RNAV
04/16/10 CIMB Allgreen 1.28 1.67 Outperform
04/29/10 CIMB Allgreen 1.23 1.67 Outperform RNAV
05/10/10 CIMB Allgreen 1.12 1.67 Outperform
05/18/10 CIMB Allgreen 1.14 1.67 Outperform
06/14/10 CIMB Allgreen 1.05 1.16 Neutral RNAV (25% discount)
02/26/10 DBS Vickers Allgreen 1.12 1.27 Hold RNAV (25% discount)
03/08/10 DBS Vickers Allgreen 1.15 1.27 Hold
04/23/10 DBS Vickers Allgreen 1.24 1.3 Hold
06/16/10 DBS Vickers Allgreen 1.06 1.32 Hold
02/26/10 AmFraser Allgreen 1.12 1.4 Buy RNAV
04/30/10 AmFraser Allgreen 1.23 1.45 Buy RNAV
01/11/10 CIMB Allgreen 1.29 1.57 Outperform RNAV
02/02/10 CIMB Allgreen 1.15 1.57 Outperform
03/30/10 CIMB Allgreen 1.2 1.67 Outperform RNAV
04/16/10 CIMB Allgreen 1.28 1.67 Outperform
04/29/10 CIMB Allgreen 1.23 1.67 Outperform RNAV
05/10/10 CIMB Allgreen 1.12 1.67 Outperform
05/18/10 CIMB Allgreen 1.14 1.67 Outperform
06/14/10 CIMB Allgreen 1.05 1.16 Neutral RNAV (25% discount)
02/26/10 DBS Vickers Allgreen 1.12 1.27 Hold RNAV (25% discount)
03/08/10 DBS Vickers Allgreen 1.15 1.27 Hold
04/23/10 DBS Vickers Allgreen 1.24 1.3 Hold
06/16/10 DBS Vickers Allgreen 1.06 1.32 Hold
Wednesday, June 16, 2010
Thomson Medical - The time that we like to see doctor!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/12/10 AmFraser Thomson Medical 0.7 0.77 Accumulate
01/12/10 DMG & Partners Thomson Medical 0.7 0.78 Buy PER16x
04/09/10 DMG & Partners Thomson Medical 0.695 0.78 Buy
04/13/10 DMG & Partners Thomson Medical 0.705 0.78 Buy PER16x
04/12/10 AmFraser Thomson Medical 0.7 0.77 Accumulate
01/12/10 DMG & Partners Thomson Medical 0.7 0.78 Buy PER16x
04/09/10 DMG & Partners Thomson Medical 0.695 0.78 Buy
04/13/10 DMG & Partners Thomson Medical 0.705 0.78 Buy PER16x
Wee Hur - Phillip is a strong supporter of this stock
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
03/12/10 phillip Wee Hur 0.485 0.66 Buy PER11x
03/24/10 phillip Wee Hur 0.545 0.68 Buy PER11x
05/14/10 phillip Wee Hur 0.505 0.62 Buy PER11x
03/12/10 phillip Wee Hur 0.485 0.66 Buy PER11x
03/24/10 phillip Wee Hur 0.545 0.68 Buy PER11x
05/14/10 phillip Wee Hur 0.505 0.62 Buy PER11x
Tuesday, June 15, 2010
Petra foods - Food for thought?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/25/10 CIMB Petra Foods 1.05 1.27 Outperform PER12x
05/13/10 CIMB Petra Foods 1.08 1.27 Outperform PER12x
05/18/10 CIMB Petra Foods 1.16 1.27 Outperform
06/10/10 CIMB Petra Foods 1.2 1.27 Neutral PER13x
01/04/10 DBS Vickers Petra Foods 1.1 0.94 Hold
05/14/10 DBS Vickers Petra Foods 1.15 1.41 Buy PER13x
02/25/10 CIMB Petra Foods 1.05 1.27 Outperform PER12x
05/13/10 CIMB Petra Foods 1.08 1.27 Outperform PER12x
05/18/10 CIMB Petra Foods 1.16 1.27 Outperform
06/10/10 CIMB Petra Foods 1.2 1.27 Neutral PER13x
01/04/10 DBS Vickers Petra Foods 1.1 0.94 Hold
05/14/10 DBS Vickers Petra Foods 1.15 1.41 Buy PER13x
Synear - Only Lim & Tan supports this stock.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
11/05/09 CIMB Synear 0.3 0.22 Underperform PER7.8x
11/05/09 Lim & Tan Synear 0.295 0 Buy
05/06/10 Lim & Tan Synear 0.285 0 Buy
11/05/09 CIMB Synear 0.3 0.22 Underperform PER7.8x
11/05/09 Lim & Tan Synear 0.295 0 Buy
05/06/10 Lim & Tan Synear 0.285 0 Buy
Monday, June 14, 2010
Stamford Land - Lim & Tan is a strong supporter for this property counter.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/22/10 Lim & Tan Stamford Land 0.43 0 Buy
02/10/10 Lim & Tan Stamford Land 0.405 0 Buy
03/22/10 Lim & Tan Stamford Land 0.43 0 Buy
03/30/10 Lim & Tan Stamford Land 0.475 0 Buy
04/29/10 Lim & Tan Stamford Land 0.52 0 Buy
01/22/10 Lim & Tan Stamford Land 0.43 0 Buy
02/10/10 Lim & Tan Stamford Land 0.405 0 Buy
03/22/10 Lim & Tan Stamford Land 0.43 0 Buy
03/30/10 Lim & Tan Stamford Land 0.475 0 Buy
04/29/10 Lim & Tan Stamford Land 0.52 0 Buy
Marco Polo Marine - DMG is a strong supporter of this stock.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/13/10 DMG & Partners Marco Polo 0.57 0.745 Buy PER11x
02/10/10 DMG & Partners Marco Polo 0.475 0.69 Buy PEG0.72x
04/06/10 DMG & Partners Marco Polo 0.465 0.69 Buy
04/08/10 DMG & Partners Marco Polo 0.47 0.69 Buy PER12x
04/12/10 DMG & Partners Marco Polo 0.47 0.69 Buy PER12x
04/23/10 DMG & Partners Marco Polo 0.45 0.69 Buy
05/03/10 DMG & Partners Marco Polo 0.45 0.69 Buy
05/13/10 DMG & Partners Marco Polo 0.445 0.515 Buy PEG0.46x
01/13/10 DMG & Partners Marco Polo 0.57 0.745 Buy PER11x
02/10/10 DMG & Partners Marco Polo 0.475 0.69 Buy PEG0.72x
04/06/10 DMG & Partners Marco Polo 0.465 0.69 Buy
04/08/10 DMG & Partners Marco Polo 0.47 0.69 Buy PER12x
04/12/10 DMG & Partners Marco Polo 0.47 0.69 Buy PER12x
04/23/10 DMG & Partners Marco Polo 0.45 0.69 Buy
05/03/10 DMG & Partners Marco Polo 0.45 0.69 Buy
05/13/10 DMG & Partners Marco Polo 0.445 0.515 Buy PEG0.46x
Saturday, June 12, 2010
Yongnam - CIMB loves this stock very much!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation method
03/01/10 CIMB Yongnam 0.26 0.46 Outperform PER10x
03/15/10 CIMB Yongnam 0.27 0.46 Outperform PER10x
03/24/10 CIMB Yongnam 0.26 0.46 Outperform PER10x
04/01/10 CIMB Yongnam 0.27 0.46 Outperform PER10x
05/17/10 CIMB Yongnam 0.25 0.46 Outperform PER10x
03/01/10 CIMB Yongnam 0.26 0.46 Outperform PER10x
03/15/10 CIMB Yongnam 0.27 0.46 Outperform PER10x
03/24/10 CIMB Yongnam 0.26 0.46 Outperform PER10x
04/01/10 CIMB Yongnam 0.27 0.46 Outperform PER10x
05/17/10 CIMB Yongnam 0.25 0.46 Outperform PER10x
Friday, June 11, 2010
STI - Straits Time Index
The chart above dated 11/06/10 is showing that the average trading volumes have been declining for the past 1 month. This is most likely caused by the declining euro which instills fears into investors. The declining volumes are most likely to continue further due to World Cup. Therefore, STI's recent rise is not sustainable.
Singapore Post - How to survive in a world of declining post mails?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/01/10 CIMB Singapore Post 1.01 1.11 Neutral DDM
05/18/10 CIMB Singapore Post 1.14 1.13 Neutral
01/05/10 DBS Vickers Singapore Post 1.02 1.05 Hold Div Yield 6% PER13.5x
02/01/10 DBS Vickers Singapore Post 1.01 1.05 Hold
03/25/10 DBS Vickers Singapore Post 1.08 1.05 Hold 6% yield
05/03/10 DBS Vickers Singapore Post 1.09 1.05 Hold 6% Yield
02/01/10 Kim Eng Singapore Post 1.01 1.12 Hold PER14x
01/05/10 Lim & Tan Singapore Post 1.02 0 Buy
02/01/10 Lim & Tan Singapore Post 1.01 0 Buy
03/24/10 Lim & Tan Singapore Post 1.07 0 Buy
03/24/10 OCBC Singapore Post 1.08 1.16 Buy
04/09/10 OCBC Singapore Post 1.06 1.16 Buy
05/03/10 OCBC Singapore Post 1.09 1.16 Buy DCF
05/03/10 OCBC Singapore Post 1.09 1.16 Buy DCF
02/01/10 CIMB Singapore Post 1.01 1.11 Neutral DDM
05/18/10 CIMB Singapore Post 1.14 1.13 Neutral
01/05/10 DBS Vickers Singapore Post 1.02 1.05 Hold Div Yield 6% PER13.5x
02/01/10 DBS Vickers Singapore Post 1.01 1.05 Hold
03/25/10 DBS Vickers Singapore Post 1.08 1.05 Hold 6% yield
05/03/10 DBS Vickers Singapore Post 1.09 1.05 Hold 6% Yield
02/01/10 Kim Eng Singapore Post 1.01 1.12 Hold PER14x
01/05/10 Lim & Tan Singapore Post 1.02 0 Buy
02/01/10 Lim & Tan Singapore Post 1.01 0 Buy
03/24/10 Lim & Tan Singapore Post 1.07 0 Buy
03/24/10 OCBC Singapore Post 1.08 1.16 Buy
04/09/10 OCBC Singapore Post 1.06 1.16 Buy
05/03/10 OCBC Singapore Post 1.09 1.16 Buy DCF
05/03/10 OCBC Singapore Post 1.09 1.16 Buy DCF
Trek2000 - Only DMG supports this stock
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/22/10 DMG & Partners Trek2000 0.285 0.39 Buy PER5.6x
04/23/10 DMG & Partners Trek2000 0.345 0.49 Buy PER5.6x
05/11/10 DMG & Partners Trek2000 0.325 0.385 Buy
05/13/10 DMG & Partners Trek2000 0.3 0.39 Buy PER5.6x
04/22/10 DMG & Partners Trek2000 0.285 0.39 Buy PER5.6x
04/23/10 DMG & Partners Trek2000 0.345 0.49 Buy PER5.6x
05/11/10 DMG & Partners Trek2000 0.325 0.385 Buy
05/13/10 DMG & Partners Trek2000 0.3 0.39 Buy PER5.6x
Thursday, June 10, 2010
UIC - UOL is trying to gain more shares!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/17/10 DBS Vickers UIC 1.9 2.04 Hold RNAV (5% discount)
03/08/10 DBS Vickers UIC 2.01 2.04 Hold
02/17/10 DBS Vickers UIC 1.9 2.04 Hold RNAV (5% discount)
03/08/10 DBS Vickers UIC 2.01 2.04 Hold
Singapore Land - A big property landlord
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/17/10 AmFraser Singapore Land 6.3 8.98 Buy RNAV
04/30/10 AmFraser Singapore Land 6.69 8.78 Buy RNAV
01/11/10 CIMB Singapore Land 6.66 6.51 Underperform RNAV (20% discount)
02/17/10 CIMB Singapore Land 6.3 6.73 Underperform RNAV (20% discount)
04/16/10 CIMB Singapore Land 6.89 6.73 Underperform
05/10/10 CIMB Singapore Land 6.7 6.73 Neutral
05/18/10 CIMB Singapore Land 6.73 6.73 Underperform
05/20/10 CIMB Singapore Land 6.75 7.68 Neutral RNAV (15% discount)
02/17/10 DBS Vickers Singapore Land 6.3 6.94 Hold RNAV (10% discount)
03/08/10 DBS Vickers Singapore Land 6.63 6.94 Hold
02/17/10 Kim Eng Singapore Land 6.3 6.69 Hold RNAV (20% discount)
04/26/10 Kim Eng Singapore Land 6.8 6.69 Hold
02/17/10 AmFraser Singapore Land 6.3 8.98 Buy RNAV
04/30/10 AmFraser Singapore Land 6.69 8.78 Buy RNAV
01/11/10 CIMB Singapore Land 6.66 6.51 Underperform RNAV (20% discount)
02/17/10 CIMB Singapore Land 6.3 6.73 Underperform RNAV (20% discount)
04/16/10 CIMB Singapore Land 6.89 6.73 Underperform
05/10/10 CIMB Singapore Land 6.7 6.73 Neutral
05/18/10 CIMB Singapore Land 6.73 6.73 Underperform
05/20/10 CIMB Singapore Land 6.75 7.68 Neutral RNAV (15% discount)
02/17/10 DBS Vickers Singapore Land 6.3 6.94 Hold RNAV (10% discount)
03/08/10 DBS Vickers Singapore Land 6.63 6.94 Hold
02/17/10 Kim Eng Singapore Land 6.3 6.69 Hold RNAV (20% discount)
04/26/10 Kim Eng Singapore Land 6.8 6.69 Hold
Wednesday, June 9, 2010
Viking Offshore Marine - OCBC is a strong supporter for this stock
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/29/10 OCBC Viking 0.215 0.31 Buy Sum of parts
05/06/10 OCBC Viking 0.2 0.31 Buy
05/20/10 OCBC Viking 0.205 0.31 Buy
06/09/10 OCBC Viking 0.18 0.31 Buy
04/29/10 OCBC Viking 0.215 0.31 Buy Sum of parts
05/06/10 OCBC Viking 0.2 0.31 Buy
05/20/10 OCBC Viking 0.205 0.31 Buy
06/09/10 OCBC Viking 0.18 0.31 Buy
SC Global - A niche property developer!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
05/13/10 AmFraser SC Global 1.63 2.65 Buy RNAV
01/04/10 DBS Vickers SC Global 1.71 1.92 Buy
02/26/10 DBS Vickers SC Global 1.73 2.1 Buy RNAV (25% discount)
03/08/10 DBS Vickers SC Global 1.82 2.1 Buy
03/30/10 DBS Vickers SC Global 1.85 2.1 Buy
05/13/10 DBS Vickers SC Global 1.63 2.1 Buy RNAV (25% discount)
05/18/10 DBS Vickers SC Global 1.67 2.1 Buy
02/26/10 DMG & Partners SC Global 1.73 2.26 Buy RNAV (20% discount)
03/15/10 DMG & Partners SC Global 1.9 2.26 Buy
04/01/10 DMG & Partners SC Global 1.9 2.26 Buy
04/16/10 DMG & Partners SC Global 1.87 2.26 Buy
05/14/10 DMG & Partners SC Global 1.63 2.62 Buy RNAV (20% discount)
01/18/10 phillip SC Global 2 2.03 Hold RNAV (20% discount)
02/22/10 phillip SC Global 1.8 2.03 Hold
02/26/10 phillip SC Global 1.75 1.92 Hold RNAV (20% discount)
05/13/10 phillip SC Global 1.63 1.93 Buy RNAV (20% discount)
05/13/10 AmFraser SC Global 1.63 2.65 Buy RNAV
01/04/10 DBS Vickers SC Global 1.71 1.92 Buy
02/26/10 DBS Vickers SC Global 1.73 2.1 Buy RNAV (25% discount)
03/08/10 DBS Vickers SC Global 1.82 2.1 Buy
03/30/10 DBS Vickers SC Global 1.85 2.1 Buy
05/13/10 DBS Vickers SC Global 1.63 2.1 Buy RNAV (25% discount)
05/18/10 DBS Vickers SC Global 1.67 2.1 Buy
02/26/10 DMG & Partners SC Global 1.73 2.26 Buy RNAV (20% discount)
03/15/10 DMG & Partners SC Global 1.9 2.26 Buy
04/01/10 DMG & Partners SC Global 1.9 2.26 Buy
04/16/10 DMG & Partners SC Global 1.87 2.26 Buy
05/14/10 DMG & Partners SC Global 1.63 2.62 Buy RNAV (20% discount)
01/18/10 phillip SC Global 2 2.03 Hold RNAV (20% discount)
02/22/10 phillip SC Global 1.8 2.03 Hold
02/26/10 phillip SC Global 1.75 1.92 Hold RNAV (20% discount)
05/13/10 phillip SC Global 1.63 1.93 Buy RNAV (20% discount)
Tuesday, June 8, 2010
Soilbuild - A great property developer that is well-liked by OCBC
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/01/10 OCBC Soilbuild 0.97 1.33 Buy
02/11/10 OCBC Soilbuild 1.05 1.75 Buy RNAV
03/03/10 OCBC Soilbuild 1.16 1.75 Buy
04/05/10 OCBC Soilbuild 1.47 1.75 Buy
04/15/10 OCBC Soilbuild 1.49 1.81 Buy RNAV
05/14/10 OCBC Soilbuild 1.3 1.76 Buy RNAV
06/03/10 OCBC Soilbuild 0.62 0.88 Buy RNAV
06/07/10 OCBC Soilbuild 0.65 0.88 Buy RNAV
02/01/10 OCBC Soilbuild 0.97 1.33 Buy
02/11/10 OCBC Soilbuild 1.05 1.75 Buy RNAV
03/03/10 OCBC Soilbuild 1.16 1.75 Buy
04/05/10 OCBC Soilbuild 1.47 1.75 Buy
04/15/10 OCBC Soilbuild 1.49 1.81 Buy RNAV
05/14/10 OCBC Soilbuild 1.3 1.76 Buy RNAV
06/03/10 OCBC Soilbuild 0.62 0.88 Buy RNAV
06/07/10 OCBC Soilbuild 0.65 0.88 Buy RNAV
STX Pan Ocean - The great shipper!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/22/10 CIMB STX Pan Ocean 13.8 17.3 Outperform Sum of parts
05/14/10 CIMB STX Pan Ocean 15 17.3 Outperform Sum of parts
05/18/10 CIMB STX Pan Ocean 15 17.3 Outperform
02/22/10 DBS Vickers STX Pan Ocean 13.8 10.5 Fully Valued PB0.7x
02/22/10 CIMB STX Pan Ocean 13.8 17.3 Outperform Sum of parts
05/14/10 CIMB STX Pan Ocean 15 17.3 Outperform Sum of parts
05/18/10 CIMB STX Pan Ocean 15 17.3 Outperform
02/22/10 DBS Vickers STX Pan Ocean 13.8 10.5 Fully Valued PB0.7x
Monday, June 7, 2010
Swiber - CIMB loves this stock.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
03/02/10 AmFraser Swiber 1.08 1.3 Buy PER16x
01/21/10 CIMB Swiber 1.15 1.72 Outperform PER12x
02/05/10 CIMB Swiber 1.04 1.72 Outperform PER12x
03/02/10 CIMB Swiber 1.07 1.65 Outperform PER12x
04/06/10 CIMB Swiber 1.13 1.65 Outperform PER12x
05/03/10 CIMB Swiber 1.15 1.65 Outperform PER12x
05/14/10 CIMB Swiber 1.09 1.65 Outperform PER12x
05/18/10 CIMB Swiber 1.09 1.65 Outperform
05/21/10 CIMB Swiber 1 1.65 Outperform PER12x
05/31/10 CIMB Swiber 0.96 1.65 Outperform
01/04/10 DBS Vickers Swiber 1.02 1.24 Buy PER5.9x
05/17/10 DBS Vickers Swiber 1.09 1.42 Buy PER10x
01/04/10 OCBC Swiber 1.02 1.1 Hold PER9x
02/19/10 OCBC Swiber 1.05 1.1 Hold
03/03/10 OCBC Swiber 1.03 1.1 Hold
03/05/10 OCBC Swiber 1.03 1.1 Hold
03/26/10 OCBC Swiber 1.05 1.1 Hold
05/06/10 OCBC Swiber 1.12 1.1 Hold
05/17/10 OCBC Swiber 1.09 1.38 Buy PER11x
05/20/10 OCBC Swiber 0.985 1.38 Buy
03/02/10 AmFraser Swiber 1.08 1.3 Buy PER16x
01/21/10 CIMB Swiber 1.15 1.72 Outperform PER12x
02/05/10 CIMB Swiber 1.04 1.72 Outperform PER12x
03/02/10 CIMB Swiber 1.07 1.65 Outperform PER12x
04/06/10 CIMB Swiber 1.13 1.65 Outperform PER12x
05/03/10 CIMB Swiber 1.15 1.65 Outperform PER12x
05/14/10 CIMB Swiber 1.09 1.65 Outperform PER12x
05/18/10 CIMB Swiber 1.09 1.65 Outperform
05/21/10 CIMB Swiber 1 1.65 Outperform PER12x
05/31/10 CIMB Swiber 0.96 1.65 Outperform
01/04/10 DBS Vickers Swiber 1.02 1.24 Buy PER5.9x
05/17/10 DBS Vickers Swiber 1.09 1.42 Buy PER10x
01/04/10 OCBC Swiber 1.02 1.1 Hold PER9x
02/19/10 OCBC Swiber 1.05 1.1 Hold
03/03/10 OCBC Swiber 1.03 1.1 Hold
03/05/10 OCBC Swiber 1.03 1.1 Hold
03/26/10 OCBC Swiber 1.05 1.1 Hold
05/06/10 OCBC Swiber 1.12 1.1 Hold
05/17/10 OCBC Swiber 1.09 1.38 Buy PER11x
05/20/10 OCBC Swiber 0.985 1.38 Buy
Starhub - Not as good as Singtel?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
05/07/10 AmFraser Starhub 2.27 1.88 Sell
05/10/10 AmFraser Starhub 2.19 1.88 Sell
02/05/10 CIMB Starhub 2.17 2.14 Underperform DCF
03/05/10 CIMB Starhub 2.17 2.14 Underperform
04/15/10 CIMB Starhub 2.38 2.14 Underperform
05/12/10 CIMB Starhub 2.18 2.14 Underperform
05/18/10 CIMB Starhub 2.23 2.14 Underperform
05/19/10 CIMB Starhub 2.27 2.14 Underperform
01/05/10 DBS Vickers Starhub 2.17 2.06 Fully Valued PER12x
02/05/10 DBS Vickers Starhub 2.17 2.06 Fully Valued PER12x
03/15/10 DBS Vickers Starhub 2.15 2.06 Fully Valued
05/07/10 DBS Vickers Starhub 2.27 2.06 Fully Valued
02/05/10 DMG & Partners Starhub 2.17 2.2 Neutral DCF
04/09/10 DMG & Partners Starhub 2.35 2.2 Neutral
04/28/10 DMG & Partners Starhub 2.38 2.2 Neutral
05/07/10 DMG & Partners Starhub 2.27 2.15 Neutral DCF
05/10/10 DMG & Partners Starhub 2.19 2.15 Neutral
02/05/10 Kim Eng Starhub 2.17 1.8 Sell PER10x
03/18/10 Kim Eng Starhub 2.23 1.8 Sell
01/29/10 OCBC Starhub 2.1 2.29 Buy
02/05/10 OCBC Starhub 2.17 2.29 Buy
03/30/10 OCBC Starhub 2.3 2.44 Buy DCF
05/19/10 OCBC Starhub 2.27 2.32 Buy 8.8% Div Yield
02/05/10 phillip Starhub 2.17 2.05 Hold DCF
05/07/10 phillip Starhub 2.27 1.92 Sell
05/07/10 AmFraser Starhub 2.27 1.88 Sell
05/10/10 AmFraser Starhub 2.19 1.88 Sell
02/05/10 CIMB Starhub 2.17 2.14 Underperform DCF
03/05/10 CIMB Starhub 2.17 2.14 Underperform
04/15/10 CIMB Starhub 2.38 2.14 Underperform
05/12/10 CIMB Starhub 2.18 2.14 Underperform
05/18/10 CIMB Starhub 2.23 2.14 Underperform
05/19/10 CIMB Starhub 2.27 2.14 Underperform
01/05/10 DBS Vickers Starhub 2.17 2.06 Fully Valued PER12x
02/05/10 DBS Vickers Starhub 2.17 2.06 Fully Valued PER12x
03/15/10 DBS Vickers Starhub 2.15 2.06 Fully Valued
05/07/10 DBS Vickers Starhub 2.27 2.06 Fully Valued
02/05/10 DMG & Partners Starhub 2.17 2.2 Neutral DCF
04/09/10 DMG & Partners Starhub 2.35 2.2 Neutral
04/28/10 DMG & Partners Starhub 2.38 2.2 Neutral
05/07/10 DMG & Partners Starhub 2.27 2.15 Neutral DCF
05/10/10 DMG & Partners Starhub 2.19 2.15 Neutral
02/05/10 Kim Eng Starhub 2.17 1.8 Sell PER10x
03/18/10 Kim Eng Starhub 2.23 1.8 Sell
01/29/10 OCBC Starhub 2.1 2.29 Buy
02/05/10 OCBC Starhub 2.17 2.29 Buy
03/30/10 OCBC Starhub 2.3 2.44 Buy DCF
05/19/10 OCBC Starhub 2.27 2.32 Buy 8.8% Div Yield
02/05/10 phillip Starhub 2.17 2.05 Hold DCF
05/07/10 phillip Starhub 2.27 1.92 Sell
Sunday, June 6, 2010
Big fall for Singapore stock market on monday?
There is no doubt that Singapore stock market will fall on monday but will the magnitude be as great as US market?
I predict STI will fall around 2% on monday when the market opens in the morning and close within the 2% fall at the end of the day unless the US futures continue to deteriorate further.
Let's wait and see.
I predict STI will fall around 2% on monday when the market opens in the morning and close within the 2% fall at the end of the day unless the US futures continue to deteriorate further.
Let's wait and see.
Saturday, June 5, 2010
EU in deeper trouble now?
Greece was the first country to get into trouble, followed by Spain & Portugal. Now, we've Hungary who is going to default and this causes Euro to fall below $1.20. If Hungary can falsify its deficit, I think Greece, Spain & Portugal also have more skeletons in their closets which they've not revealed.
Looks like Euro is highly likely to reach parity with USD in the foreseenable future. Another issue is there is a significant drop in corporate bonds demand as governments are also trying to sell government bonds to the same group of fixed-income buyers/investors. When corporations can't raise monies for their businesses, they can't expand and won't hire more employees.
How on earth can the world economies recover when employments don't go up and people have lesser to spend?
Looks like Euro is highly likely to reach parity with USD in the foreseenable future. Another issue is there is a significant drop in corporate bonds demand as governments are also trying to sell government bonds to the same group of fixed-income buyers/investors. When corporations can't raise monies for their businesses, they can't expand and won't hire more employees.
How on earth can the world economies recover when employments don't go up and people have lesser to spend?
Ascendas Reit (A-reit) - Hold for now!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/19/10 CIMB A-Reit 2.02 2.02 Underperform DDM
03/25/10 CIMB A-Reit 1.92 2.02 Underperform
04/20/10 CIMB A-Reit 1.98 2.02 Neutral DDM
05/18/10 CIMB A-reit 1.87 2.02 Neutral
02/18/10 DBS Vickers A-Reit 1.92 2.07 Hold PB1.2x
04/09/10 DBS Vickers A-Reit 1.26 1.46 Buy
04/20/10 DBS Vickers A-Reit 1.98 2.11 Hold PB1.2x
04/21/10 DMG & Partners A-Reit 2.01 2.11 Neutral DDM
01/19/10 Kim Eng A-Reit 2.02 2.02 Hold
02/18/10 Kim Eng A-Reit 1.92 2.03 Hold
03/29/10 Kim Eng A-Reit 1.95 2.29 Buy Div Yield 6.7%
04/20/10 Kim Eng A-Reit 1.98 2.32 Buy Yield 6.8%
01/22/10 OCBC A-Reit 1.28 1.38 Buy DCF
02/18/10 OCBC A-Reit 1.92 1.76 Hold RNAV
03/04/10 OCBC A-Reit 1.95 1.76 Hold
04/14/10 OCBC A-Reit 1.96 1.76 Hold
04/20/10 OCBC A-Reit 1.98 1.85 Hold RNAV
05/12/10 OCBC A-reit 1.88 1.85 Hold
05/24/10 OCBC A-reit 1.92 1.85 Hold
01/19/10 CIMB A-Reit 2.02 2.02 Underperform DDM
03/25/10 CIMB A-Reit 1.92 2.02 Underperform
04/20/10 CIMB A-Reit 1.98 2.02 Neutral DDM
05/18/10 CIMB A-reit 1.87 2.02 Neutral
02/18/10 DBS Vickers A-Reit 1.92 2.07 Hold PB1.2x
04/09/10 DBS Vickers A-Reit 1.26 1.46 Buy
04/20/10 DBS Vickers A-Reit 1.98 2.11 Hold PB1.2x
04/21/10 DMG & Partners A-Reit 2.01 2.11 Neutral DDM
01/19/10 Kim Eng A-Reit 2.02 2.02 Hold
02/18/10 Kim Eng A-Reit 1.92 2.03 Hold
03/29/10 Kim Eng A-Reit 1.95 2.29 Buy Div Yield 6.7%
04/20/10 Kim Eng A-Reit 1.98 2.32 Buy Yield 6.8%
01/22/10 OCBC A-Reit 1.28 1.38 Buy DCF
02/18/10 OCBC A-Reit 1.92 1.76 Hold RNAV
03/04/10 OCBC A-Reit 1.95 1.76 Hold
04/14/10 OCBC A-Reit 1.96 1.76 Hold
04/20/10 OCBC A-Reit 1.98 1.85 Hold RNAV
05/12/10 OCBC A-reit 1.88 1.85 Hold
05/24/10 OCBC A-reit 1.92 1.85 Hold
Friday, June 4, 2010
TPV - CIMB likes to monitor this monitors manufacturer.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/01/10 CIMB TPV 0.83 1.22 Outperform PB1.2x
03/10/10 CIMB TPV 0.93 1.29 Outperform PER11x
03/11/10 CIMB TPV 0.93 1.29 Outperform
05/18/10 CIMB TPV 0.92 1.25 Outperform
05/31/10 CIMB TPV 0.87 1.25 Outperform PER11x
06/04/10 CIMB TPV 0.9 1.25 Outperform PER11x
06/04/10 Lim & Tan TPV 0.9 0 Buy
02/01/10 CIMB TPV 0.83 1.22 Outperform PB1.2x
03/10/10 CIMB TPV 0.93 1.29 Outperform PER11x
03/11/10 CIMB TPV 0.93 1.29 Outperform
05/18/10 CIMB TPV 0.92 1.25 Outperform
05/31/10 CIMB TPV 0.87 1.25 Outperform PER11x
06/04/10 CIMB TPV 0.9 1.25 Outperform PER11x
06/04/10 Lim & Tan TPV 0.9 0 Buy
Consumer demand in europe has started to drop
The latest retail sales figure in Europe has started to fall and continue to fall due to austerity measures by many countries in Europe. This will impact the world and stocks will fall.
Is global inflation coming?
I think temporary global inflation is coming soon as the oil spill in mexico is causing government to impose oil moratorium which will give the impetus for oil to move higher. Furthermore, the hurricanes season is approaching in US and this will also cause a dramatic drop in oil supply. Therefore, there will be a temporary upward spurts in the oil price in the near future.
As we all know, oil affects everything from transportations to finished products and any kind of inflation is not welcome in a time like this as the global economic growth is still languishing in the midst of a crisis.
As we all know, oil affects everything from transportations to finished products and any kind of inflation is not welcome in a time like this as the global economic growth is still languishing in the midst of a crisis.
Tat Hong - The crane machine!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/01/10 CIMB Tat Hong 0.87 0.87 Underperform PER7x
04/16/10 CIMB Tat Hong 0.95 1.24 Outperform PER10x
05/25/10 CIMB Tat Hong 0.89 1.24 Outperform PER10x
02/17/10 DBS Vickers Tat Hong 0.96 0.89 Fully Valued NTA0.9x, PER9x
05/25/10 DBS Vickers Tat Hong 0.885 1.11 Buy PER10x, PB1.2x
02/17/10 OCBC Tat Hong 0.96 1.02 Hold NTA1.2x
03/24/10 OCBC Tat Hong 0.88 1.02 Hold
05/25/10 OCBC Tat Hong 0.85 0.975 Buy PER10x
05/31/10 OCBC Tat Hong 0.895 0.975 Buy
04/01/10 CIMB Tat Hong 0.87 0.87 Underperform PER7x
04/16/10 CIMB Tat Hong 0.95 1.24 Outperform PER10x
05/25/10 CIMB Tat Hong 0.89 1.24 Outperform PER10x
02/17/10 DBS Vickers Tat Hong 0.96 0.89 Fully Valued NTA0.9x, PER9x
05/25/10 DBS Vickers Tat Hong 0.885 1.11 Buy PER10x, PB1.2x
02/17/10 OCBC Tat Hong 0.96 1.02 Hold NTA1.2x
03/24/10 OCBC Tat Hong 0.88 1.02 Hold
05/25/10 OCBC Tat Hong 0.85 0.975 Buy PER10x
05/31/10 OCBC Tat Hong 0.895 0.975 Buy
Thursday, June 3, 2010
Tiger Airways - The high flyer!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/14/10 Citigroup Tiger Airways 1.89 2.4 Buy
03/10/10 DBS Vickers Tiger Airways 1.62 2.1 Buy PER12x
04/14/10 DBS Vickers Tiger Airways 1.88 2.1 Buy PER15x
04/15/10 DBS Vickers Tiger Airways 1.89 2.1 Buy PER15x
05/11/10 DBS Vickers Tiger Airways 1.62 2.1 Buy PER15x
05/17/10 DBS Vickers Tiger Airways 1.8 2.25 Buy PER15x
04/14/10 Citigroup Tiger Airways 1.89 2.4 Buy
03/10/10 DBS Vickers Tiger Airways 1.62 2.1 Buy PER12x
04/14/10 DBS Vickers Tiger Airways 1.88 2.1 Buy PER15x
04/15/10 DBS Vickers Tiger Airways 1.89 2.1 Buy PER15x
05/11/10 DBS Vickers Tiger Airways 1.62 2.1 Buy PER15x
05/17/10 DBS Vickers Tiger Airways 1.8 2.25 Buy PER15x
Valuetronics - OCBC finds great value in this stock.
Date/Researc House/Stock/Last Done/Target Price/Stock/Valuation Method
01/06/10 OCBC Valuetronics 0.145 0.19 Buy
02/11/10 OCBC Valuetronics 0.14 0.19 Buy PER8x
03/11/10 OCBC Valuetronics 0.145 0.19 Buy NTA1X
03/31/10 OCBC Valuetronics 0.16 0.29 Buy PER8x
05/20/10 OCBC Valuetronics 0.17 0.32 Buy
01/06/10 OCBC Valuetronics 0.145 0.19 Buy
02/11/10 OCBC Valuetronics 0.14 0.19 Buy PER8x
03/11/10 OCBC Valuetronics 0.145 0.19 Buy NTA1X
03/31/10 OCBC Valuetronics 0.16 0.29 Buy PER8x
05/20/10 OCBC Valuetronics 0.17 0.32 Buy
Wednesday, June 2, 2010
Pacific Andes - A great fishing stock!
Date/Research House/Stock/Last Done/Target Price/Stock/Valuation Method
01/25/10 CIMB Pacific Andes 0.34 0.42 Outperform Sum of parts
02/11/10 CIMB Pacific Andes 0.29 0.42 Outperform Sum of parts
04/30/10 CIMB Pacific Andes 0.38 0.42 Outperform
05/13/10 CIMB Pacific Andes 0.34 0.41 Outperform Sum of parts
01/04/10 DBS Vickers Pacific Andes 0.29 0.36 Buy
01/08/10 DBS Vickers Pacific Andes 0.29 0.36 Buy
02/11/10 DBS Vickers Pacific Andes 0.29 0.42 Buy PER6x
05/13/10 DBS Vickers Pacific Andes 0.335 0.42 Buy PER6x
01/22/10 OCBC Pacific Andes 0.335 0.4 Buy PER8x
01/25/10 CIMB Pacific Andes 0.34 0.42 Outperform Sum of parts
02/11/10 CIMB Pacific Andes 0.29 0.42 Outperform Sum of parts
04/30/10 CIMB Pacific Andes 0.38 0.42 Outperform
05/13/10 CIMB Pacific Andes 0.34 0.41 Outperform Sum of parts
01/04/10 DBS Vickers Pacific Andes 0.29 0.36 Buy
01/08/10 DBS Vickers Pacific Andes 0.29 0.36 Buy
02/11/10 DBS Vickers Pacific Andes 0.29 0.42 Buy PER6x
05/13/10 DBS Vickers Pacific Andes 0.335 0.42 Buy PER6x
01/22/10 OCBC Pacific Andes 0.335 0.4 Buy PER8x
Otto Marine - A good marine stock loved by analysts
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
05/26/10 CIMB Otto Marine 0.37 0.47 Outperform PER10x
05/31/10 CIMB Otto Marine 0.38 0.47 Outperform
03/02/10 DMG & Partners Otto Marine 0.49 0.64 Buy PEG0.79x, PER14x
04/23/10 DMG & Partners Otto Marine 0.52 0.64 Buy
04/29/10 DMG & Partners Otto Marine 0.48 0.64 Buy
05/03/10 DMG & Partners Otto Marine 0.48 0.64 Buy
05/13/10 DMG & Partners Otto Marine 0.435 0.64 Buy
05/17/10 DMG & Partners Otto Marine 0.455 0.64 Buy
05/19/10 DMG & Partners Otto Marine 0.435 0.64 Buy
05/20/10 DMG & Partners Otto Marine 0.415 0.64 Buy
05/24/10 DMG & Partners Otto Marine 0.395 0.64 Buy PER11.9x
02/12/10 Kim Eng Otto Marine 0.415 0.56 Buy Sum of parts
03/02/10 Kim Eng Otto Marine 0.49 0.66 Buy Sum of parts
05/17/10 Kim Eng Otto Marine 0.455 0.58 Buy Sum of parts
01/13/10 phillip Otto Marine 0.5 0.58 Buy BV2x
01/27/10 phillip Otto Marine 0.48 0.58 Buy PB1.67x
02/22/10 phillip Otto Marine 0.45 0.58 Buy PB1.95x
03/02/10 phillip Otto Marine 0.49 0.58 Buy PB1.95x
05/17/10 phillip Otto Marine 0.455 0.58 Buy PB1.95x
05/20/10 phillip Otto Marine 0.415 0.58 Buy PB1.95x
05/26/10 CIMB Otto Marine 0.37 0.47 Outperform PER10x
05/31/10 CIMB Otto Marine 0.38 0.47 Outperform
03/02/10 DMG & Partners Otto Marine 0.49 0.64 Buy PEG0.79x, PER14x
04/23/10 DMG & Partners Otto Marine 0.52 0.64 Buy
04/29/10 DMG & Partners Otto Marine 0.48 0.64 Buy
05/03/10 DMG & Partners Otto Marine 0.48 0.64 Buy
05/13/10 DMG & Partners Otto Marine 0.435 0.64 Buy
05/17/10 DMG & Partners Otto Marine 0.455 0.64 Buy
05/19/10 DMG & Partners Otto Marine 0.435 0.64 Buy
05/20/10 DMG & Partners Otto Marine 0.415 0.64 Buy
05/24/10 DMG & Partners Otto Marine 0.395 0.64 Buy PER11.9x
02/12/10 Kim Eng Otto Marine 0.415 0.56 Buy Sum of parts
03/02/10 Kim Eng Otto Marine 0.49 0.66 Buy Sum of parts
05/17/10 Kim Eng Otto Marine 0.455 0.58 Buy Sum of parts
01/13/10 phillip Otto Marine 0.5 0.58 Buy BV2x
01/27/10 phillip Otto Marine 0.48 0.58 Buy PB1.67x
02/22/10 phillip Otto Marine 0.45 0.58 Buy PB1.95x
03/02/10 phillip Otto Marine 0.49 0.58 Buy PB1.95x
05/17/10 phillip Otto Marine 0.455 0.58 Buy PB1.95x
05/20/10 phillip Otto Marine 0.415 0.58 Buy PB1.95x
Tuesday, June 1, 2010
Capitacommercial - Is this the reit to buy? Judge for yourself!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
03/25/10 CIMB CapitaCommercial 1.08 1.09 Underperform
04/19/10 CIMB CapitaCommercial 1.16 1.26 Outperform DDM
05/18/10 CIMB CapitaCommercial 1.2 1.26 Outperform
05/20/10 CIMB CapitaCommercial 1.18 1.37 Outperform DDM
05/31/10 CIMB CapitaCommercial 1.13 1.37 Outperform DDM
01/21/10 DBS Vickers CapitaCommercial 1.18 1.23 Hold DCF
03/19/10 DBS Vickers CapitaCommercial 1.09 1.23 Hold
04/16/10 DBS Vickers CapitaCommercial 1.14 1.23 Hold
05/27/10 DBS Vickers CapitaCommercial 1.13 1.24 Hold DCF
01/22/10 DMG & Partners CapitaCommercial 1.18 0.96 Sell DDM
04/19/10 DMG & Partners CapitaCommercial 1.14 1.24 Neutral DDM
05/27/10 DMG & Partners CapitaCommercial 1.1 1.24 Neutral 6% Yield
03/18/10 Goldman Sach CapitaCommercial 1.09 0 Buy
01/21/10 Kim Eng CapitaCommercial 1.18 0.99 Sell DDM
04/19/10 Kim Eng CapitaCommercial 1.14 1.1 Hold DDM
01/20/10 Lim & Tan CapitaCommercial 1.18 0 Buy
03/18/10 Lim & Tan CapitaCommercial 1.13 0 Buy
01/04/10 OCBC CapitaCommercial 1.17 1.13 Hold
02/01/10 OCBC CapitaCommercial 1.06 1.16 Hold
03/04/10 OCBC CapitaCommercial 1.11 1.16 Hold
03/09/10 OCBC CapitaCommercial 1.13 1.16 Hold RNAV
04/14/10 OCBC CapitaCommercial 1.11 1.19 Buy
04/16/10 OCBC CapitaCommercial 1.14 1.26 Buy RNAV
05/12/10 OCBC CapitaCommercial 1.16 1.26 Buy
06/01/10 OCBC CapitaCommercial 1.14 1.26 Buy RNAV
03/25/10 CIMB CapitaCommercial 1.08 1.09 Underperform
04/19/10 CIMB CapitaCommercial 1.16 1.26 Outperform DDM
05/18/10 CIMB CapitaCommercial 1.2 1.26 Outperform
05/20/10 CIMB CapitaCommercial 1.18 1.37 Outperform DDM
05/31/10 CIMB CapitaCommercial 1.13 1.37 Outperform DDM
01/21/10 DBS Vickers CapitaCommercial 1.18 1.23 Hold DCF
03/19/10 DBS Vickers CapitaCommercial 1.09 1.23 Hold
04/16/10 DBS Vickers CapitaCommercial 1.14 1.23 Hold
05/27/10 DBS Vickers CapitaCommercial 1.13 1.24 Hold DCF
01/22/10 DMG & Partners CapitaCommercial 1.18 0.96 Sell DDM
04/19/10 DMG & Partners CapitaCommercial 1.14 1.24 Neutral DDM
05/27/10 DMG & Partners CapitaCommercial 1.1 1.24 Neutral 6% Yield
03/18/10 Goldman Sach CapitaCommercial 1.09 0 Buy
01/21/10 Kim Eng CapitaCommercial 1.18 0.99 Sell DDM
04/19/10 Kim Eng CapitaCommercial 1.14 1.1 Hold DDM
01/20/10 Lim & Tan CapitaCommercial 1.18 0 Buy
03/18/10 Lim & Tan CapitaCommercial 1.13 0 Buy
01/04/10 OCBC CapitaCommercial 1.17 1.13 Hold
02/01/10 OCBC CapitaCommercial 1.06 1.16 Hold
03/04/10 OCBC CapitaCommercial 1.11 1.16 Hold
03/09/10 OCBC CapitaCommercial 1.13 1.16 Hold RNAV
04/14/10 OCBC CapitaCommercial 1.11 1.19 Buy
04/16/10 OCBC CapitaCommercial 1.14 1.26 Buy RNAV
05/12/10 OCBC CapitaCommercial 1.16 1.26 Buy
06/01/10 OCBC CapitaCommercial 1.14 1.26 Buy RNAV
Europe banks in trouble?
It seems that the situation is getting worse in europe as banks are expected to post about euro$300b in losses.
Spain is tightening its belt and portugal is also doing the same thing but protests are sprouting up in these troubled countries. Danger is lurking!
Spain is tightening its belt and portugal is also doing the same thing but protests are sprouting up in these troubled countries. Danger is lurking!
Monday, May 31, 2010
Sound Global (Epure) - The most well-liked stock by analysts. Buy and you won't regret!
Date/Research House/Last Done/Target Price/Call/Valuation Method
02/04/10 CIMB Sound Global 0.9 1.28 Outperform PER20x
03/01/10 CIMB Sound Global 0.81 1.33 Outperform PER20x
04/09/10 CIMB Sound Global 0.99 1.33 Outperform PER20x
04/30/10 CIMB Sound Global 0.91 1.33 Outperform
05/17/10 CIMB Sound Global 0.81 1.33 Outperform PER20x
01/04/10 DBS Vickers Sound Global 0.69 0.71 Buy
01/07/10 DBS Vickers Sound Global 0.825 1.1 Buy PER29x
01/08/10 DBS Vickers Sound Global 0.825 1.1 Buy
02/02/10 DBS Vickers Sound Global 0.905 1.2 Buy PER26x
05/18/10 DMG & Partners Sound Global 0.81 1.04 Buy PER16x
05/24/10 DMG & Partners Sound Global 0.83 1.04 Buy PER16x
05/31/10 DMG & Partners Sound Global 0.78 1.04 Buy
02/08/10 phillip Sound Global 0.83 1.08 Buy DCF
03/04/10 phillip Sound Global 0.86 1.1 Buy DCF
05/17/10 phillip Sound Global 0.81 1.1 Buy DCF
02/04/10 CIMB Sound Global 0.9 1.28 Outperform PER20x
03/01/10 CIMB Sound Global 0.81 1.33 Outperform PER20x
04/09/10 CIMB Sound Global 0.99 1.33 Outperform PER20x
04/30/10 CIMB Sound Global 0.91 1.33 Outperform
05/17/10 CIMB Sound Global 0.81 1.33 Outperform PER20x
01/04/10 DBS Vickers Sound Global 0.69 0.71 Buy
01/07/10 DBS Vickers Sound Global 0.825 1.1 Buy PER29x
01/08/10 DBS Vickers Sound Global 0.825 1.1 Buy
02/02/10 DBS Vickers Sound Global 0.905 1.2 Buy PER26x
05/18/10 DMG & Partners Sound Global 0.81 1.04 Buy PER16x
05/24/10 DMG & Partners Sound Global 0.83 1.04 Buy PER16x
05/31/10 DMG & Partners Sound Global 0.78 1.04 Buy
02/08/10 phillip Sound Global 0.83 1.08 Buy DCF
03/04/10 phillip Sound Global 0.86 1.1 Buy DCF
05/17/10 phillip Sound Global 0.81 1.1 Buy DCF
Yanlord - The fallen angel of china property stock
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
05/14/10 CIMB Yanlord 1.64 1.83 Neutral RNAV (35% discount)
02/18/10 DBS Vickers Yanlord 1.79 2.22 Buy RNAV (20% discount)
02/26/10 DBS Vickers Yanlord 1.77 2.3 Buy RNAV (20% discount)
04/23/10 DBS Vickers Yanlord 1.74 1.99 Hold RNAV (30% discount)
05/14/10 DBS Vickers Yanlord 1.62 1.71 Hold RNAV (40% discount)
05/14/10 CIMB Yanlord 1.64 1.83 Neutral RNAV (35% discount)
02/18/10 DBS Vickers Yanlord 1.79 2.22 Buy RNAV (20% discount)
02/26/10 DBS Vickers Yanlord 1.77 2.3 Buy RNAV (20% discount)
04/23/10 DBS Vickers Yanlord 1.74 1.99 Hold RNAV (30% discount)
05/14/10 DBS Vickers Yanlord 1.62 1.71 Hold RNAV (40% discount)
Saturday, May 29, 2010
ST Engineering - A defensive stock that is only loved by DBS vickers
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/19/10 CIMB ST Engineering 3.19 2.98 Underperform PER20.1x
04/01/10 CIMB ST Engineering 3.19 3.62 Outperform PER18.5x
05/05/10 CIMB ST Engineering 3.13 3.62 Outperform Blended (PER, DCF, Div Yield)
05/18/10 CIMB ST Engineering 3.22 3.62 Outperform
01/06/10 DBS Vickers ST Engineering 3.27 3.8 Buy PER23x
01/18/10 DBS Vickers ST Engineering 3.22 3.8 Buy
02/19/10 DBS Vickers ST Engineering 3.19 3.6 Buy
05/05/10 DBS Vickers ST Engineering 3.13 3.55 Buy
05/05/10 DMG & Partners ST Engineering 3.13 3.15 Hold PER19.9x
02/19/10 Kim Eng ST Engineering 3.19 3.15 Hold PER19x
04/01/10 Kim Eng ST Engineering 3.19 3.15 Hold PER19.3x
04/09/10 Kim Eng ST Engineering 3.28 3.15 Hold PER15x
02/19/10 CIMB ST Engineering 3.19 2.98 Underperform PER20.1x
04/01/10 CIMB ST Engineering 3.19 3.62 Outperform PER18.5x
05/05/10 CIMB ST Engineering 3.13 3.62 Outperform Blended (PER, DCF, Div Yield)
05/18/10 CIMB ST Engineering 3.22 3.62 Outperform
01/06/10 DBS Vickers ST Engineering 3.27 3.8 Buy PER23x
01/18/10 DBS Vickers ST Engineering 3.22 3.8 Buy
02/19/10 DBS Vickers ST Engineering 3.19 3.6 Buy
05/05/10 DBS Vickers ST Engineering 3.13 3.55 Buy
05/05/10 DMG & Partners ST Engineering 3.13 3.15 Hold PER19.9x
02/19/10 Kim Eng ST Engineering 3.19 3.15 Hold PER19x
04/01/10 Kim Eng ST Engineering 3.19 3.15 Hold PER19.3x
04/09/10 Kim Eng ST Engineering 3.28 3.15 Hold PER15x
Friday, May 28, 2010
Venture - conflicting signals from analysts
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
03/11/10 CIMB Venture 8.48 9.36 Outperform
04/30/10 CIMB Venture 9.86 10.54 Neutral PER14x
05/18/10 CIMB Venture 8.94 10.54 Outperform
03/01/10 DBS Vickers Venture 8.44 9.8 Buy PER15x
03/02/10 DMG & Partners Venture 8.44 8.61 Neutral PER14.8x
04/30/10 DMG & Partners Venture 9.86 9.31 Neutral PER13.6x
03/01/10 Kim Eng Venture 8.44 8.47 Hold PER12x
04/30/10 Kim Eng Venture 9.86 11.3 Buy PER17x
03/01/10 Lim & Tan Venture 8.44 0 Sell
04/30/10 Lim & Tan Venture 9.86 0 Sell
03/01/10 OCBC Venture 8.44 9.03 Buy PER13x
04/08/10 OCBC Venture 9.28 9.93 Buy PER14x
03/11/10 CIMB Venture 8.48 9.36 Outperform
04/30/10 CIMB Venture 9.86 10.54 Neutral PER14x
05/18/10 CIMB Venture 8.94 10.54 Outperform
03/01/10 DBS Vickers Venture 8.44 9.8 Buy PER15x
03/02/10 DMG & Partners Venture 8.44 8.61 Neutral PER14.8x
04/30/10 DMG & Partners Venture 9.86 9.31 Neutral PER13.6x
03/01/10 Kim Eng Venture 8.44 8.47 Hold PER12x
04/30/10 Kim Eng Venture 9.86 11.3 Buy PER17x
03/01/10 Lim & Tan Venture 8.44 0 Sell
04/30/10 Lim & Tan Venture 9.86 0 Sell
03/01/10 OCBC Venture 8.44 9.03 Buy PER13x
04/08/10 OCBC Venture 9.28 9.93 Buy PER14x
Dow Jones surged 284 points after China reiterated its support for Euro. Latest updates for EU.
This surge of 284 points is simply a knee-jerk reaction to China's commitment of Euro but I believe investors will sell into the rally and cause the Dow to fall next week again unless EU is able to stabilize the euro which I think will be difficult.
Spain has just approved a cut of over euro $20b on top of the euro $50b cut earlier in its austerity programme. French is also starting to tackle its deficit and Italy has just cut $24b of spendings.
Therefore, austerity programme equates to anti-growth measure which will definitely slow down the growth in EU.
Spain has just approved a cut of over euro $20b on top of the euro $50b cut earlier in its austerity programme. French is also starting to tackle its deficit and Italy has just cut $24b of spendings.
Therefore, austerity programme equates to anti-growth measure which will definitely slow down the growth in EU.
Ying Li - S-chip that analysts love!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/08/10 DBS Vickers Ying Li 0.67 1.17 Buy
01/19/10 DBS Vickers Ying Li 0.62 1.08 Buy RNAV (10% discount)
01/26/10 DBS Vickers Ying Li 0.59 1.06 Buy RNAV (20% discount)
05/18/10 DBS Vickers Ying Li 0.42 0.67 Buy RNAV (40% discount)
01/25/10 DMG & Partners Ying Li 0.58 1.09 Buy RNAV
02/24/10 DMG & Partners Ying Li 0.45 0.8 Buy RNAV (20% discount)
05/05/10 DMG & Partners Ying Li 0.485 0.5 Neutral RNAV (50% discount)
05/19/10 DMG & Partners Ying Li 0.435 0.42 neutral RNAV (50% discount)
01/25/10 Kim Eng Ying Li 0.575 1.2 Buy
02/25/10 Kim Eng Ying Li 0.45 1.2 Buy
04/09/10 Kim Eng Ying Li 0.53 1.04 Buy RNAV
05/18/10 Kim Eng Ying Li 0.42 0.78 Buy RNAV
01/25/10 phillip Ying Li 0.58 1.15 Buy RNAV
02/25/10 phillip Ying Li 0.45 0.655 Buy RNAV (30% discount)
01/08/10 DBS Vickers Ying Li 0.67 1.17 Buy
01/19/10 DBS Vickers Ying Li 0.62 1.08 Buy RNAV (10% discount)
01/26/10 DBS Vickers Ying Li 0.59 1.06 Buy RNAV (20% discount)
05/18/10 DBS Vickers Ying Li 0.42 0.67 Buy RNAV (40% discount)
01/25/10 DMG & Partners Ying Li 0.58 1.09 Buy RNAV
02/24/10 DMG & Partners Ying Li 0.45 0.8 Buy RNAV (20% discount)
05/05/10 DMG & Partners Ying Li 0.485 0.5 Neutral RNAV (50% discount)
05/19/10 DMG & Partners Ying Li 0.435 0.42 neutral RNAV (50% discount)
01/25/10 Kim Eng Ying Li 0.575 1.2 Buy
02/25/10 Kim Eng Ying Li 0.45 1.2 Buy
04/09/10 Kim Eng Ying Li 0.53 1.04 Buy RNAV
05/18/10 Kim Eng Ying Li 0.42 0.78 Buy RNAV
01/25/10 phillip Ying Li 0.58 1.15 Buy RNAV
02/25/10 phillip Ying Li 0.45 0.655 Buy RNAV (30% discount)
Thursday, May 27, 2010
Wheelock Properties - A well-liked property stock by CIMB & DBS Vickers
Date/Research House/Last Done/Target Price/Call/Valuation Method
02/24/10 AmFraser Wheelock Properties 1.87 2.08 Hold RNAV (10% discount)
03/15/10 AmFraser Wheelock Properties 1.92 2.1 Hold RNAV
05/17/10 AmFraser Wheelock Properties 1.87 2.1 Hold RNAV
04/16/10 CIMB Wheelock Properties 1.96 2.19 Neutral
04/20/10 CIMB Wheelock Properties 1.99 2.39 Outperform RNAV
05/10/10 CIMB Wheelock Properties 1.79 2.39 Outperform
05/17/10 CIMB Wheelock Properties 1.87 2.39 Outperform RNAV
02/22/10 DBS Vickers Wheelock Properties 1.9 2.14 Buy
02/24/10 DBS Vickers Wheelock Properties 1.87 2.24 Buy RNAV (10% discount)
03/08/10 DBS Vickers Wheelock Properties 1.91 2.24 Buy
03/30/10 DBS Vickers Wheelock Properties 1.9 2.24 Buy
05/17/10 DBS Vickers Wheelock Properties 1.87 2.28 Buy RNAV (10% discount)
05/18/10 DBS Vickers Wheelock Properties 1.87 2.28 Buy
02/24/10 AmFraser Wheelock Properties 1.87 2.08 Hold RNAV (10% discount)
03/15/10 AmFraser Wheelock Properties 1.92 2.1 Hold RNAV
05/17/10 AmFraser Wheelock Properties 1.87 2.1 Hold RNAV
04/16/10 CIMB Wheelock Properties 1.96 2.19 Neutral
04/20/10 CIMB Wheelock Properties 1.99 2.39 Outperform RNAV
05/10/10 CIMB Wheelock Properties 1.79 2.39 Outperform
05/17/10 CIMB Wheelock Properties 1.87 2.39 Outperform RNAV
02/22/10 DBS Vickers Wheelock Properties 1.9 2.14 Buy
02/24/10 DBS Vickers Wheelock Properties 1.87 2.24 Buy RNAV (10% discount)
03/08/10 DBS Vickers Wheelock Properties 1.91 2.24 Buy
03/30/10 DBS Vickers Wheelock Properties 1.9 2.24 Buy
05/17/10 DBS Vickers Wheelock Properties 1.87 2.28 Buy RNAV (10% discount)
05/18/10 DBS Vickers Wheelock Properties 1.87 2.28 Buy
Wednesday, May 26, 2010
Is double dip recession coming?
The possibility of a double-dip recession is coming and real as the crisis in Europe is escalating. It is highly probable that Greece won't be able to service its debt and Spain is starting to show symptoms of struggling with its debts. Spain government has nationalized a bank and force 4 banks to consolidate to avoid getting into further trouble and god knows what will happen in portugal later. The austerity measures taken by EU are definitely anti-growth but this is being written off by overly optimistic economists and politicians.
US has disregarded Europe crisis as a major problem and will only cut back US growth by about1.2%. If Lehman Brothers could bring down the world, then Europe could be worse as it has more than 500m population and is a major trading partner in the world. By negating the impact of Europe, the world is making a major mistake and we'll pay a heavy price later.
US has disregarded Europe crisis as a major problem and will only cut back US growth by about1.2%. If Lehman Brothers could bring down the world, then Europe could be worse as it has more than 500m population and is a major trading partner in the world. By negating the impact of Europe, the world is making a major mistake and we'll pay a heavy price later.
Asia Travel - Not the time to travel? Nope, just not the time to buy yet.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/12/10 DBS Vickers Asiatravel 0.695 0.82 Buy DCF
05/26/10 DBS Vickers Asiatravel 0.38 0.42 Hold DCF, PER14x
01/25/10 DMG & Partners Asiatravel 0.775 0.78 Neutral PER21.7x
04/09/10 DMG & Partners Asiatravel 0.585 0.61 Neutral DCF
04/12/10 DMG & Partners Asiatravel 0.605 0.61 Neutral DCF, PER23x
02/11/10 Kim Eng Asiatravel 0.715 0.9 Buy
02/12/10 DBS Vickers Asiatravel 0.695 0.82 Buy DCF
05/26/10 DBS Vickers Asiatravel 0.38 0.42 Hold DCF, PER14x
01/25/10 DMG & Partners Asiatravel 0.775 0.78 Neutral PER21.7x
04/09/10 DMG & Partners Asiatravel 0.585 0.61 Neutral DCF
04/12/10 DMG & Partners Asiatravel 0.605 0.61 Neutral DCF, PER23x
02/11/10 Kim Eng Asiatravel 0.715 0.9 Buy
Parkway Holdings - A well-liked stock for many research houses
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/24/10 AmFraser Parkway Holdings 2.93 3.55 Buy Sum of parts
02/02/10 CIMB Parkway Holdings 2.64 3.16 Outperform
03/12/10 CIMB Parkway Holdings 3.12 3.69 Outperform Sum of parts
05/18/10 CIMB Parkway Holdings 3.23 3.69 Outperform
02/24/10 DBS Vickers Parkway Holdings 2.93 2.71 Hold Sum of parts
03/15/10 DBS Vickers Parkway Holdings 3.11 2.71 Fully Valued Sum of parts, PER20x
05/13/10 DBS Vickers Parkway Holdings 3.35 2.8 Fully Valued Sum of parts
02/25/10 DMG & Partners Parkway Holdings 2.93 3.36 Buy PER22x
02/10/10 Kim Eng Parkway Holdings 2.8 3.55 Buy
02/24/10 Kim Eng Parkway Holdings 2.93 3.58 Buy PER16x
03/26/10 Kim Eng Parkway Holdings 3.38 4.06 Buy Sum of parts
05/13/10 Kim Eng Parkway Holdings 3.35 4.03 Buy Sum of parts
05/19/10 Kim Eng Parkway Holdings 3.38 4.03 Buy
02/11/10 Lim & Tan Parkway Holdings 2.77 0 Buy
03/12/10 Lim & Tan Parkway Holdings 3.12 0 Buy
03/29/10 Lim & Tan Parkway Holdings 3.46 0 Buy
02/24/10 OCBC Parkway Holdings 2.93 3.31 Buy Sum of parts
03/22/10 OCBC Parkway Holdings 3.16 3.53 Buy Sum of parts
05/13/10 OCBC Parkway Holdings 3.35 3.71 Buy Sum of parts
02/24/10 AmFraser Parkway Holdings 2.93 3.55 Buy Sum of parts
02/02/10 CIMB Parkway Holdings 2.64 3.16 Outperform
03/12/10 CIMB Parkway Holdings 3.12 3.69 Outperform Sum of parts
05/18/10 CIMB Parkway Holdings 3.23 3.69 Outperform
02/24/10 DBS Vickers Parkway Holdings 2.93 2.71 Hold Sum of parts
03/15/10 DBS Vickers Parkway Holdings 3.11 2.71 Fully Valued Sum of parts, PER20x
05/13/10 DBS Vickers Parkway Holdings 3.35 2.8 Fully Valued Sum of parts
02/25/10 DMG & Partners Parkway Holdings 2.93 3.36 Buy PER22x
02/10/10 Kim Eng Parkway Holdings 2.8 3.55 Buy
02/24/10 Kim Eng Parkway Holdings 2.93 3.58 Buy PER16x
03/26/10 Kim Eng Parkway Holdings 3.38 4.06 Buy Sum of parts
05/13/10 Kim Eng Parkway Holdings 3.35 4.03 Buy Sum of parts
05/19/10 Kim Eng Parkway Holdings 3.38 4.03 Buy
02/11/10 Lim & Tan Parkway Holdings 2.77 0 Buy
03/12/10 Lim & Tan Parkway Holdings 3.12 0 Buy
03/29/10 Lim & Tan Parkway Holdings 3.46 0 Buy
02/24/10 OCBC Parkway Holdings 2.93 3.31 Buy Sum of parts
03/22/10 OCBC Parkway Holdings 3.16 3.53 Buy Sum of parts
05/13/10 OCBC Parkway Holdings 3.35 3.71 Buy Sum of parts
Tuesday, May 25, 2010
STI - Straits Times Index, where is it heading next?
The chart dated 25/05/10 indicates that funds are flowing into Singapore stock market as investors are buying on the dip. We've noticed that the 100-day SMA is a precursor of future stock trend as indicated by the blue line. There was a downtrend before this major correction and STI is at the lowest point now for the past 100 days.
Ezra - The darling of offshore marine industry
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/15/10 CIMB Ezra 2.49 3.08 Outperform
01/20/10 CIMB Ezra 2.52 3.08 Outperform Sum of parts
02/08/10 CIMB Ezra 2.15 3.12 Outperform Sum of parts
04/12/10 CIMB Ezra 2.55 3.13 Outperform Sum of parts
05/14/10 CIMB Ezra 1.97 3.13 Outperform
05/18/10 CIMB Ezra 1.96 3.13 Outperform
01/04/10 DBS Vickers Ezra 2.19 2.77 Buy
01/15/10 DBS Vickers Ezra 2.49 2.77 Hold
02/08/10 DBS Vickers Ezra 2.15 2.75 Buy Sum of parts, PER13x
03/08/10 DBS Vickers Ezra 2.32 2.75 Buy
04/12/10 DBS Vickers Ezra 2.55 2.62 Hold
01/29/10 DMG & Partners Ezra 2.19 2.91 Buy Sum of parts, PER12.2x
04/01/10 DMG & Partners Ezra 2.44 2.96 Buy
04/23/10 DMG & Partners Ezra 2.17 2.8 Buy
05/03/10 DMG & Partners Ezra 2.09 2.8 Buy
05/06/10 DMG & Partners Ezra 2.03 2.8 Buy
01/20/10 OCBC Ezra 2.52 2.54 Hold
02/03/10 OCBC Ezra 2.07 2.54 Buy
03/05/10 OCBC Ezra 2.21 2.54 Buy
03/18/10 OCBC Ezra 2.48 2.88 Buy Blended PE
05/06/10 OCBC Ezra 2.03 2.81 Buy
05/20/10 OCBC Ezra 1.82 2.81 Buy
01/15/10 CIMB Ezra 2.49 3.08 Outperform
01/20/10 CIMB Ezra 2.52 3.08 Outperform Sum of parts
02/08/10 CIMB Ezra 2.15 3.12 Outperform Sum of parts
04/12/10 CIMB Ezra 2.55 3.13 Outperform Sum of parts
05/14/10 CIMB Ezra 1.97 3.13 Outperform
05/18/10 CIMB Ezra 1.96 3.13 Outperform
01/04/10 DBS Vickers Ezra 2.19 2.77 Buy
01/15/10 DBS Vickers Ezra 2.49 2.77 Hold
02/08/10 DBS Vickers Ezra 2.15 2.75 Buy Sum of parts, PER13x
03/08/10 DBS Vickers Ezra 2.32 2.75 Buy
04/12/10 DBS Vickers Ezra 2.55 2.62 Hold
01/29/10 DMG & Partners Ezra 2.19 2.91 Buy Sum of parts, PER12.2x
04/01/10 DMG & Partners Ezra 2.44 2.96 Buy
04/23/10 DMG & Partners Ezra 2.17 2.8 Buy
05/03/10 DMG & Partners Ezra 2.09 2.8 Buy
05/06/10 DMG & Partners Ezra 2.03 2.8 Buy
01/20/10 OCBC Ezra 2.52 2.54 Hold
02/03/10 OCBC Ezra 2.07 2.54 Buy
03/05/10 OCBC Ezra 2.21 2.54 Buy
03/18/10 OCBC Ezra 2.48 2.88 Buy Blended PE
05/06/10 OCBC Ezra 2.03 2.81 Buy
05/20/10 OCBC Ezra 1.82 2.81 Buy
Monday, May 24, 2010
Capitaland - Strong supporters from various research houses
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/19/10 AmFraser Capitaland 4.28 5.02 Buy RNAV
04/19/10 AmFraser Capitaland 4.1 4.82 Buy RNAV
04/16/10 CIMB Capitaland 4.16 4.81 Outperform
05/10/10 CIMB Capitaland 3.63 4.83 Outperform
05/18/10 CIMB Capitaland 3.64 4.83 Outperform
01/20/10 Citigroup Capitaland 4.38 4.48 Hold RNAV
01/06/10 DBS Vickers Capitaland 4.28 4.62 Buy RNAV (10% discount)
02/12/10 DBS Vickers Capitaland 3.86 5.08 Buy RNAV (10% discount)
02/22/10 DBS Vickers Capitaland 3.9 5.08 Buy
03/08/10 DBS Vickers Capitaland 3.9 5.08 Buy
04/08/10 DBS Vickers Capitaland 4.06 5.08 Buy
04/19/10 DBS Vickers Capitaland 4.1 5.03 Buy RNAV (10% discount)
04/23/10 DBS Vickers Capitaland 3.93 5.03 Buy
02/12/10 DMG & Partners Capitaland 3.75 5.18 Buy RNAV (20% premium)
03/15/10 DMG & Partners Capitaland 3.93 5.18 Buy
04/06/10 DMG & Partners Capitaland 4.06 5.18 Buy RNAV (20% premium)
04/16/10 DMG & Partners Capitaland 4.04 5.18 Buy
04/19/10 DMG & Partners Capitaland 4.1 4.27 Neutral RNAV
01/19/10 Kim Eng Capitaland 4.28 5.33 Buy RNAV (15% premium)
02/12/10 Kim Eng Capitaland 3.86 5.25 Buy RNAV (15% premium)
03/03/10 Kim Eng Capitaland 3.84 5.29 Buy RNAV (15% premium)
04/19/10 Kim Eng Capitaland 4.1 5.31 Buy PB1.15x
01/19/10 Lim & Tan Capitaland 4.28 0 Hold
03/19/10 Lim & Tan Capitaland 4.28 0 Hold
03/22/10 Lim & Tan Capitaland 4.28 0 Hold
01/20/10 Macquarie Capitaland 4.28 4.79 Buy RNAV (10% discount)
01/15/10 OCBC Capitaland 4.28 4.95 Buy RNAV
01/18/10 OCBC Capitaland 4.28 5.3 Buy
02/01/10 OCBC Capitaland 3.86 5.3 Buy
03/03/10 OCBC Capitaland 3.84 5 Buy
04/05/10 OCBC Capitaland 4.04 5 Buy
05/04/10 OCBC Capitaland 3.69 5.09 Buy RNAV
05/11/10 OCBC Capitaland 3.7 4.97 Buy RNAV
01/19/10 AmFraser Capitaland 4.28 5.02 Buy RNAV
04/19/10 AmFraser Capitaland 4.1 4.82 Buy RNAV
04/16/10 CIMB Capitaland 4.16 4.81 Outperform
05/10/10 CIMB Capitaland 3.63 4.83 Outperform
05/18/10 CIMB Capitaland 3.64 4.83 Outperform
01/20/10 Citigroup Capitaland 4.38 4.48 Hold RNAV
01/06/10 DBS Vickers Capitaland 4.28 4.62 Buy RNAV (10% discount)
02/12/10 DBS Vickers Capitaland 3.86 5.08 Buy RNAV (10% discount)
02/22/10 DBS Vickers Capitaland 3.9 5.08 Buy
03/08/10 DBS Vickers Capitaland 3.9 5.08 Buy
04/08/10 DBS Vickers Capitaland 4.06 5.08 Buy
04/19/10 DBS Vickers Capitaland 4.1 5.03 Buy RNAV (10% discount)
04/23/10 DBS Vickers Capitaland 3.93 5.03 Buy
02/12/10 DMG & Partners Capitaland 3.75 5.18 Buy RNAV (20% premium)
03/15/10 DMG & Partners Capitaland 3.93 5.18 Buy
04/06/10 DMG & Partners Capitaland 4.06 5.18 Buy RNAV (20% premium)
04/16/10 DMG & Partners Capitaland 4.04 5.18 Buy
04/19/10 DMG & Partners Capitaland 4.1 4.27 Neutral RNAV
01/19/10 Kim Eng Capitaland 4.28 5.33 Buy RNAV (15% premium)
02/12/10 Kim Eng Capitaland 3.86 5.25 Buy RNAV (15% premium)
03/03/10 Kim Eng Capitaland 3.84 5.29 Buy RNAV (15% premium)
04/19/10 Kim Eng Capitaland 4.1 5.31 Buy PB1.15x
01/19/10 Lim & Tan Capitaland 4.28 0 Hold
03/19/10 Lim & Tan Capitaland 4.28 0 Hold
03/22/10 Lim & Tan Capitaland 4.28 0 Hold
01/20/10 Macquarie Capitaland 4.28 4.79 Buy RNAV (10% discount)
01/15/10 OCBC Capitaland 4.28 4.95 Buy RNAV
01/18/10 OCBC Capitaland 4.28 5.3 Buy
02/01/10 OCBC Capitaland 3.86 5.3 Buy
03/03/10 OCBC Capitaland 3.84 5 Buy
04/05/10 OCBC Capitaland 4.04 5 Buy
05/04/10 OCBC Capitaland 3.69 5.09 Buy RNAV
05/11/10 OCBC Capitaland 3.7 4.97 Buy RNAV
Saturday, May 22, 2010
ASL Marine - OCBC is a strong supporter!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
05/11/10 CIMB ASL Marine 0.9 1.1 Outperform PER7.5x
05/18/10 CIMB ASL Marine 0.89 1.1 Outperform
02/11/10 DBS Vickers ASL Marine 0.91 0.96 Hold Sum of parts
05/13/10 DBS Vickers ASL Marine 0.92 0.96 Hold Blended PER 7x & PER10x
02/11/10 Kim Eng ASL Marine 0.91 1.62 Buy PB1.6x
01/07/10 OCBC ASL Marine 1.01 1.19 Buy PER8x
02/11/10 OCBC ASL Marine 0.91 1.09 Buy
03/05/10 OCBC ASL Marine 0.89 1.18 Buy
04/05/10 OCBC ASL Marine 0.9 1.09 Buy
05/06/10 OCBC ASL Marine 0.905 1.09 Buy
05/13/10 OCBC ASL Marine 0.92 1.09 Buy
05/20/10 OCBC ASL Marine 0.845 1.09 Buy
05/11/10 CIMB ASL Marine 0.9 1.1 Outperform PER7.5x
05/18/10 CIMB ASL Marine 0.89 1.1 Outperform
02/11/10 DBS Vickers ASL Marine 0.91 0.96 Hold Sum of parts
05/13/10 DBS Vickers ASL Marine 0.92 0.96 Hold Blended PER 7x & PER10x
02/11/10 Kim Eng ASL Marine 0.91 1.62 Buy PB1.6x
01/07/10 OCBC ASL Marine 1.01 1.19 Buy PER8x
02/11/10 OCBC ASL Marine 0.91 1.09 Buy
03/05/10 OCBC ASL Marine 0.89 1.18 Buy
04/05/10 OCBC ASL Marine 0.9 1.09 Buy
05/06/10 OCBC ASL Marine 0.905 1.09 Buy
05/13/10 OCBC ASL Marine 0.92 1.09 Buy
05/20/10 OCBC ASL Marine 0.845 1.09 Buy
Friday, May 21, 2010
Raffles Education - Hold, not time to buy yet.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/08/10 DBS Vickers Raffles Education 0.44 0.42 Hold
02/04/10 DBS Vickers Raffles Education 0.41 0.32 Fully Valued PER18x
02/10/10 DBS Vickers Raffles Education 0.345 0.32 Fully Valued
05/05/10 DBS Vickers Raffles Education 0.38 0.33 Fully Valued PER18x
05/05/10 DMG & Partners Raffles Education 0.375 0.48 Buy
02/04/10 Kim Eng Raffles Education 0.41 0.42 Hold
02/04/10 OCBC Raffles Education 0.41 0.37 Hold PER20x
03/24/10 OCBC Raffles Education 0.38 0.37 Hold PER20x
05/05/10 OCBC Raffles Education 0.375 0.37 Hold PER20x
01/08/10 DBS Vickers Raffles Education 0.44 0.42 Hold
02/04/10 DBS Vickers Raffles Education 0.41 0.32 Fully Valued PER18x
02/10/10 DBS Vickers Raffles Education 0.345 0.32 Fully Valued
05/05/10 DBS Vickers Raffles Education 0.38 0.33 Fully Valued PER18x
05/05/10 DMG & Partners Raffles Education 0.375 0.48 Buy
02/04/10 Kim Eng Raffles Education 0.41 0.42 Hold
02/04/10 OCBC Raffles Education 0.41 0.37 Hold PER20x
03/24/10 OCBC Raffles Education 0.38 0.37 Hold PER20x
05/05/10 OCBC Raffles Education 0.375 0.37 Hold PER20x
Thursday, May 20, 2010
Misleading Singapore's Q1 GDP figure?
The Singapore government has just released the Q1 GDP figure which states that the economy grew sharply by an annualised 38.6% from the previous 3 months this year and a 15.5% growth in the 1st quarter from last year.
If we were to convert the annualised figure to an actual 3-month GDP growth, that would amount to only 9.65% for the 1st quarter or 3.217% per month for the 1st quarter.
After this conversion, we can clearly see the actual growth scenario which is 9.65% vs 15.5%.
If we were to convert the annualised figure to an actual 3-month GDP growth, that would amount to only 9.65% for the 1st quarter or 3.217% per month for the 1st quarter.
After this conversion, we can clearly see the actual growth scenario which is 9.65% vs 15.5%.
Armstrong - Buy calls from all research houses.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/25/10 CIMB Armstrong 0.26 0.48 Outperform PER9x
03/11/10 CIMB Armstrong 0.29 0.48 Outperform
04/06/10 CIMB Armstrong 0.34 0.48 Outperform PER9x
02/26/10 DMG & Partners Armstrong 0.27 0.37 Buy PER9.8x
04/13/10 DMG & Partners Armstrong 0.375 0.45 Buy PER9.8x
05/18/10 DMG & Partners Armstrong 0.39 0.49 Buy PER9.8x
05/19/10 DMG & Partners Armstrong 0.39 0.49 Buy PER9.8x
02/26/10 Kim Eng Armstrong 0.27 0.4 Buy PER10x
03/09/10 Kim Eng Armstrong 0.27 0.4 Buy
05/17/10 Kim Eng Armstrong 0.38 0.48 Buy PER11x
01/28/10 Lim & Tan Armstrong 0.245 0 Buy
02/25/10 Lim & Tan Armstrong 0.26 0 Buy
02/26/10 Lim & Tan Armstrong 0.27 0 Buy
03/10/10 Lim & Tan Armstrong 0.275 0 Buy
05/17/10 Lim & Tan Armstrong 0.38 0 Buy
02/25/10 CIMB Armstrong 0.26 0.48 Outperform PER9x
03/11/10 CIMB Armstrong 0.29 0.48 Outperform
04/06/10 CIMB Armstrong 0.34 0.48 Outperform PER9x
02/26/10 DMG & Partners Armstrong 0.27 0.37 Buy PER9.8x
04/13/10 DMG & Partners Armstrong 0.375 0.45 Buy PER9.8x
05/18/10 DMG & Partners Armstrong 0.39 0.49 Buy PER9.8x
05/19/10 DMG & Partners Armstrong 0.39 0.49 Buy PER9.8x
02/26/10 Kim Eng Armstrong 0.27 0.4 Buy PER10x
03/09/10 Kim Eng Armstrong 0.27 0.4 Buy
05/17/10 Kim Eng Armstrong 0.38 0.48 Buy PER11x
01/28/10 Lim & Tan Armstrong 0.245 0 Buy
02/25/10 Lim & Tan Armstrong 0.26 0 Buy
02/26/10 Lim & Tan Armstrong 0.27 0 Buy
03/10/10 Lim & Tan Armstrong 0.275 0 Buy
05/17/10 Lim & Tan Armstrong 0.38 0 Buy
City Developments - The darling of property sector as most analysts ascribed a premium to it
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
05/13/10 AmFraser City Developments 10.86 12.72 Buy RNAV
01/11/10 CIMB City Developments 11.78 12.04 Neutral RNAV (10% premium)
02/05/10 CIMB City Developments 10.64 12.16 Neutral RNAV (10% premium)
04/16/10 CIMB City Developments 11.46 12.16 Neutral
05/10/10 CIMB City Developments 10.46 12.16 Neutral
05/18/10 CIMB City Developments 10.48 12.09 neutral
02/26/10 DBS Vickers City Developments 10.34 11.38 Hold RNAV (15% premium)
03/08/10 DBS Vickers City Developments 10.36 11.38 Hold
03/16/10 DBS Vickers City Developments 10.66 11.85 Buy RNAV (15% premium)
03/30/10 DBS Vickers City Developments 10.98 11.85 Buy
04/08/10 DBS Vickers City Developments 11.4 11.85 Buy
05/13/10 DBS Vickers City Developments 10.86 12.04 Buy RNAV (15% premium)
02/05/10 DMG & Partners City Developments 10.64 12.44 Buy RNAV (20% premium)
02/26/10 DMG & Partners City Developments 10.34 12.44 Buy RNAV (20% premium)
03/15/10 DMG & Partners City Developments 10.46 12.44 Buy
04/06/10 DMG & Partners City Developments 10.98 12.44 Buy RNAV (20% premium)
04/16/10 DMG & Partners City Developments 11.46 12.44 Buy
04/23/10 DMG & Partners City Developments 11 12.45 Buy RNAV (20% premium)
04/28/10 DMG & Partners City Developments 10.86 12.48 Buy RNAV (20% premium)
05/13/10 DMG & Partners City Developments 10.86 12.48 Buy RNAV (20% premium)
01/06/10 Kim Eng City Developments 12.04 12.42 Hold RNAV (15% premium)
02/26/10 Kim Eng City Developments 10.34 12.65 Buy RNAV (15% premium)
04/14/10 Kim Eng City Developments 11.22 11.39 Buy RNAV (15% premium)
05/13/10 Kim Eng City Developments 10.86 13.2 Buy RNAV (15% premium)
01/18/10 Lim & Tan City Developments 11.66 0 Buy
02/25/10 Lim & Tan City Developments 10.32 0 Buy
05/13/10 Lim & Tan City Developments 10.86 0 Buy
02/01/10 OCBC City Developments 10.72 10.43 Hold
02/08/10 OCBC City Developments 10.38 10.46 Hold RNAV
03/03/10 OCBC City Developments 10.18 10.95 Hold
03/12/10 OCBC City Developments 10.32 10.95 Hold
04/05/10 OCBC City Developments 10.86 10.95 Hold
04/30/10 OCBC City Developments 10.7 11 Hold RNAV
05/13/10 AmFraser City Developments 10.86 12.72 Buy RNAV
01/11/10 CIMB City Developments 11.78 12.04 Neutral RNAV (10% premium)
02/05/10 CIMB City Developments 10.64 12.16 Neutral RNAV (10% premium)
04/16/10 CIMB City Developments 11.46 12.16 Neutral
05/10/10 CIMB City Developments 10.46 12.16 Neutral
05/18/10 CIMB City Developments 10.48 12.09 neutral
02/26/10 DBS Vickers City Developments 10.34 11.38 Hold RNAV (15% premium)
03/08/10 DBS Vickers City Developments 10.36 11.38 Hold
03/16/10 DBS Vickers City Developments 10.66 11.85 Buy RNAV (15% premium)
03/30/10 DBS Vickers City Developments 10.98 11.85 Buy
04/08/10 DBS Vickers City Developments 11.4 11.85 Buy
05/13/10 DBS Vickers City Developments 10.86 12.04 Buy RNAV (15% premium)
02/05/10 DMG & Partners City Developments 10.64 12.44 Buy RNAV (20% premium)
02/26/10 DMG & Partners City Developments 10.34 12.44 Buy RNAV (20% premium)
03/15/10 DMG & Partners City Developments 10.46 12.44 Buy
04/06/10 DMG & Partners City Developments 10.98 12.44 Buy RNAV (20% premium)
04/16/10 DMG & Partners City Developments 11.46 12.44 Buy
04/23/10 DMG & Partners City Developments 11 12.45 Buy RNAV (20% premium)
04/28/10 DMG & Partners City Developments 10.86 12.48 Buy RNAV (20% premium)
05/13/10 DMG & Partners City Developments 10.86 12.48 Buy RNAV (20% premium)
01/06/10 Kim Eng City Developments 12.04 12.42 Hold RNAV (15% premium)
02/26/10 Kim Eng City Developments 10.34 12.65 Buy RNAV (15% premium)
04/14/10 Kim Eng City Developments 11.22 11.39 Buy RNAV (15% premium)
05/13/10 Kim Eng City Developments 10.86 13.2 Buy RNAV (15% premium)
01/18/10 Lim & Tan City Developments 11.66 0 Buy
02/25/10 Lim & Tan City Developments 10.32 0 Buy
05/13/10 Lim & Tan City Developments 10.86 0 Buy
02/01/10 OCBC City Developments 10.72 10.43 Hold
02/08/10 OCBC City Developments 10.38 10.46 Hold RNAV
03/03/10 OCBC City Developments 10.18 10.95 Hold
03/12/10 OCBC City Developments 10.32 10.95 Hold
04/05/10 OCBC City Developments 10.86 10.95 Hold
04/30/10 OCBC City Developments 10.7 11 Hold RNAV
Wednesday, May 19, 2010
Sembcorp Marine - What did Sembmarine do to incur the dislikes of DMG?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/05/10 AmFraser Sembcorp Marine 3.42 4.65 Buy PER20x
02/23/10 CIMB Sembcorp Marine 3.41 4.54 Outperform
03/12/10 CIMB Sembcorp Marine 4.11 4.54 Outperform DCF, PER18x
03/19/10 CIMB Sembcorp Marine 4.02 5.44 Outperform DCF, PER18x
04/19/10 CIMB Sembcorp Marine 4.42 5.44 Outperform
05/10/10 CIMB Sembcorp Marine 4.09 5.44 Outperform DCF, PER18x
05/18/10 CIMB Sembcorp Marine 4.2 5.44 Outperform
01/05/10 DBS Vickers Sembcorp Marine 3.7 4.26 Buy
02/04/10 DBS Vickers Sembcorp Marine 3.46 4.26 Buy
02/23/10 DBS Vickers Sembcorp Marine 3.41 5.25 Buy Sum of parts
03/08/10 DBS Vickers Sembcorp Marine 3.89 5.25 Buy
04/15/10 DBS Vickers Sembcorp Marine 4.4 5.6 Buy
05/10/10 DBS Vickers Sembcorp Marine 4.09 5.4 Buy Sum of parts, PER16x
02/08/10 DMG & Partners Sembcorp Marine 3.32 3.31 Neutral Sum of parts, PER14.6x
02/23/10 DMG & Partners Sembcorp Marine 3.41 3.51 Neutral Sum of parts, PER15.5x
03/12/10 DMG & Partners Sembcorp Marine 4.11 3.51 Sell Sum of parts, PER15.4x
03/19/10 DMG & Partners Sembcorp Marine 4.02 3.51 Sell Sum of parts
04/15/10 DMG & Partners Sembcorp Marine 4.4 3.67 Sell Sum of parts, PER15.5x
04/23/10 DMG & Partners Sembcorp Marine 4.28 3.67 Sell
04/30/10 DMG & Partners Sembcorp Marine 4.31 3.67 Sell Sum of parts, PER15.7x, PB3.4x
05/06/10 DMG & Partners Sembcorp Marine 4.04 3.67 Sell
05/10/10 DMG & Partners Sembcorp Marine 4.09 3.67 Sell Sum of parts
05/17/10 DMG & Partners Sembcorp Marine 4.2 3.67 Sell
02/23/10 Kim Eng Sembcorp Marine 3.41 4.95 Buy PER14x
03/19/10 Kim Eng Sembcorp Marine 4.02 4.95 Buy PER14x
04/06/10 Kim Eng Sembcorp Marine 4.35 4.95 Buy PER14x
05/10/10 Kim Eng Sembcorp Marine 4.09 4.95 Buy PER14x
02/23/10 Lim & Tan Sembcorp Marine 3.41 0 Buy
04/15/10 Lim & Tan Sembcorp Marine 4.4 0 Buy
03/05/10 OCBC Sembcorp Marine 3.82 4.16 Buy
03/11/10 OCBC Sembcorp Marine 3.97 4.58 Buy
04/05/10 OCBC Sembcorp Marine 4.29 4.58 Buy
04/13/10 phillip Sembcorp Marine 4.26 4.72 Buy Sum of parts
05/10/10 phillip Sembcorp Marine 4.09 4.74 Buy Sum of 2 parts
02/05/10 AmFraser Sembcorp Marine 3.42 4.65 Buy PER20x
02/23/10 CIMB Sembcorp Marine 3.41 4.54 Outperform
03/12/10 CIMB Sembcorp Marine 4.11 4.54 Outperform DCF, PER18x
03/19/10 CIMB Sembcorp Marine 4.02 5.44 Outperform DCF, PER18x
04/19/10 CIMB Sembcorp Marine 4.42 5.44 Outperform
05/10/10 CIMB Sembcorp Marine 4.09 5.44 Outperform DCF, PER18x
05/18/10 CIMB Sembcorp Marine 4.2 5.44 Outperform
01/05/10 DBS Vickers Sembcorp Marine 3.7 4.26 Buy
02/04/10 DBS Vickers Sembcorp Marine 3.46 4.26 Buy
02/23/10 DBS Vickers Sembcorp Marine 3.41 5.25 Buy Sum of parts
03/08/10 DBS Vickers Sembcorp Marine 3.89 5.25 Buy
04/15/10 DBS Vickers Sembcorp Marine 4.4 5.6 Buy
05/10/10 DBS Vickers Sembcorp Marine 4.09 5.4 Buy Sum of parts, PER16x
02/08/10 DMG & Partners Sembcorp Marine 3.32 3.31 Neutral Sum of parts, PER14.6x
02/23/10 DMG & Partners Sembcorp Marine 3.41 3.51 Neutral Sum of parts, PER15.5x
03/12/10 DMG & Partners Sembcorp Marine 4.11 3.51 Sell Sum of parts, PER15.4x
03/19/10 DMG & Partners Sembcorp Marine 4.02 3.51 Sell Sum of parts
04/15/10 DMG & Partners Sembcorp Marine 4.4 3.67 Sell Sum of parts, PER15.5x
04/23/10 DMG & Partners Sembcorp Marine 4.28 3.67 Sell
04/30/10 DMG & Partners Sembcorp Marine 4.31 3.67 Sell Sum of parts, PER15.7x, PB3.4x
05/06/10 DMG & Partners Sembcorp Marine 4.04 3.67 Sell
05/10/10 DMG & Partners Sembcorp Marine 4.09 3.67 Sell Sum of parts
05/17/10 DMG & Partners Sembcorp Marine 4.2 3.67 Sell
02/23/10 Kim Eng Sembcorp Marine 3.41 4.95 Buy PER14x
03/19/10 Kim Eng Sembcorp Marine 4.02 4.95 Buy PER14x
04/06/10 Kim Eng Sembcorp Marine 4.35 4.95 Buy PER14x
05/10/10 Kim Eng Sembcorp Marine 4.09 4.95 Buy PER14x
02/23/10 Lim & Tan Sembcorp Marine 3.41 0 Buy
04/15/10 Lim & Tan Sembcorp Marine 4.4 0 Buy
03/05/10 OCBC Sembcorp Marine 3.82 4.16 Buy
03/11/10 OCBC Sembcorp Marine 3.97 4.58 Buy
04/05/10 OCBC Sembcorp Marine 4.29 4.58 Buy
04/13/10 phillip Sembcorp Marine 4.26 4.72 Buy Sum of parts
05/10/10 phillip Sembcorp Marine 4.09 4.74 Buy Sum of 2 parts
SIA - The airliner that is flying high!
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/09/10 AmFraser SIA 14.3 18.6 Buy EV/Ebita 6x
01/18/10 CIMB SIA 14.38 15 Underperform PB1.4x
02/03/10 CIMB SIA 13.66 15.9 Outperform PB1.4x, PER12.5x
02/08/10 CIMB SIA 14.1 15.9 Trading Buy PB1.4x
02/18/10 CIMB SIA 14.8 15.9 Trading Buy PB1.4x
03/16/10 CIMB SIA 15.78 17.9 Outperform PER14x
04/16/10 CIMB SIA 15.44 17.9 Outperform PER14x
05/18/10 CIMB SIA 14.8 17.9 Outperform
03/09/10 Citigroup SIA 15.62 16 Sell
05/10/10 Citigroup SIA 14.62 16 Buy
03/09/10 DBS Vickers SIA 15.62 18 Buy PB1.5x
04/15/10 DBS Vickers SIA 15.54 18 Buy PB1.5x
02/03/10 DMG & Partners SIA 13.66 16.71 Buy PER15x
02/18/10 DMG & Partners SIA 14.8 16.71 Buy PER15x
03/16/10 DMG & Partners SIA 15.78 16.71 Neutral PER15x
04/16/10 DMG & Partners SIA 15.48 17.82 Buy PER16x
05/18/10 DMG & Partners SIA 14.56 17.82 Buy PER16x
02/03/10 Kim Eng SIA 13.66 16.2 Buy PB1.5x
02/18/10 Kim Eng SIA 14.8 16.2 Buy PB1.5x
03/16/10 Kim Eng SIA 15.78 16.2 Buy
03/31/10 Kim Eng SIA 15.66 18.9 Buy PB1.7x
04/16/10 Kim Eng SIA 15.44 18.9 Buy PB1.7x
05/18/10 Kim Eng SIA 14.56 18.9 Buy PB1.7x
02/09/10 AmFraser SIA 14.3 18.6 Buy EV/Ebita 6x
01/18/10 CIMB SIA 14.38 15 Underperform PB1.4x
02/03/10 CIMB SIA 13.66 15.9 Outperform PB1.4x, PER12.5x
02/08/10 CIMB SIA 14.1 15.9 Trading Buy PB1.4x
02/18/10 CIMB SIA 14.8 15.9 Trading Buy PB1.4x
03/16/10 CIMB SIA 15.78 17.9 Outperform PER14x
04/16/10 CIMB SIA 15.44 17.9 Outperform PER14x
05/18/10 CIMB SIA 14.8 17.9 Outperform
03/09/10 Citigroup SIA 15.62 16 Sell
05/10/10 Citigroup SIA 14.62 16 Buy
03/09/10 DBS Vickers SIA 15.62 18 Buy PB1.5x
04/15/10 DBS Vickers SIA 15.54 18 Buy PB1.5x
02/03/10 DMG & Partners SIA 13.66 16.71 Buy PER15x
02/18/10 DMG & Partners SIA 14.8 16.71 Buy PER15x
03/16/10 DMG & Partners SIA 15.78 16.71 Neutral PER15x
04/16/10 DMG & Partners SIA 15.48 17.82 Buy PER16x
05/18/10 DMG & Partners SIA 14.56 17.82 Buy PER16x
02/03/10 Kim Eng SIA 13.66 16.2 Buy PB1.5x
02/18/10 Kim Eng SIA 14.8 16.2 Buy PB1.5x
03/16/10 Kim Eng SIA 15.78 16.2 Buy
03/31/10 Kim Eng SIA 15.66 18.9 Buy PB1.7x
04/16/10 Kim Eng SIA 15.44 18.9 Buy PB1.7x
05/18/10 Kim Eng SIA 14.56 18.9 Buy PB1.7x
Tuesday, May 18, 2010
Sembcorp Industries - CIMB is a strong supporter for this stock
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
02/26/10 CIMB Sembcorp Industries 3.77 4.72 Outperform Sum of parts
04/27/10 CIMB Sembcorp Industries 4.39 5.58 Outperform Sum of parts
05/10/10 CIMB Sembcorp Industries 3.91 5.58 Outperform Sum of parts
05/18/10 CIMB Sembcorp Industries 4.18 5.58 Outperform Sum of parts
02/26/10 DBS Vickers Sembcorp Industries 3.7 4.91 Buy Sum of parts
05/12/10 DMG & Partners Sembcorp Industries 4.15 4.63 Buy Sum of parts
05/13/10 DMG & Partners Sembcorp Industries 4.15 4.63 Buy Sum of parts
02/26/10 Kim Eng Sembcorp Industries 3.7 4.14 Buy Sum of parts, PER10.6x
04/27/10 Kim Eng Sembcorp Industries 4.39 4.38 Hold PER11.5x
04/28/10 Kim Eng Sembcorp Industries 4.36 4.38 Hold
05/11/10 Kim Eng Sembcorp Industries 4.04 4.38 Hold Sum of parts
02/26/10 Lim & Tan Sembcorp Industries 3.7 0 Buy
04/27/10 Lim & Tan Sembcorp Industries 4.39 0 Buy
02/26/10 CIMB Sembcorp Industries 3.77 4.72 Outperform Sum of parts
04/27/10 CIMB Sembcorp Industries 4.39 5.58 Outperform Sum of parts
05/10/10 CIMB Sembcorp Industries 3.91 5.58 Outperform Sum of parts
05/18/10 CIMB Sembcorp Industries 4.18 5.58 Outperform Sum of parts
02/26/10 DBS Vickers Sembcorp Industries 3.7 4.91 Buy Sum of parts
05/12/10 DMG & Partners Sembcorp Industries 4.15 4.63 Buy Sum of parts
05/13/10 DMG & Partners Sembcorp Industries 4.15 4.63 Buy Sum of parts
02/26/10 Kim Eng Sembcorp Industries 3.7 4.14 Buy Sum of parts, PER10.6x
04/27/10 Kim Eng Sembcorp Industries 4.39 4.38 Hold PER11.5x
04/28/10 Kim Eng Sembcorp Industries 4.36 4.38 Hold
05/11/10 Kim Eng Sembcorp Industries 4.04 4.38 Hold Sum of parts
02/26/10 Lim & Tan Sembcorp Industries 3.7 0 Buy
04/27/10 Lim & Tan Sembcorp Industries 4.39 0 Buy
Capital flight from EU to US?
From the chart dated 18/05/2010, it seems to show that funds are flowing into the US stock market as the average trading volume has reversed trend and is on an upward trend. This EU crisis will only benefit US temporarily but the trend will reverse and there will be capital outflows out of US later.
Monday, May 17, 2010
A new crisis in the offing?
If Euro were to continue to fall, there'll be chaos in Europe as there'll be capital flights and inflations will also start popping up everywhere in Europe. Thereafter, exports to Europe will falter and the world will spiral down into the abyss again. Watch how the story will unfold by closely monitoring the euro. It will be impossible for US to escape unscathed if EU becomes disintegrated.
NOL - A shipping liner in trouble?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/12/10 CIMB NOL 1.9 2.6 Outperform PB1.8x
01/26/10 CIMB NOL 1.74 2.6 Outperform PB1.8x
02/02/10 CIMB NOL 1.7 2.6 Outperform
03/02/10 CIMB NOL 1.81 2.6 Outperform PB1.8x
03/30/10 CIMB NOL 1.93 2.6 Outperform PB1.8x
04/27/10 CIMB NOL 2.18 2.6 Outperform PB1.8x
05/17/10 CIMB NOL 2.14 2.5 Outperform PB1.8x
03/31/10 DBS Vickers NOL 1.98 2.4 Buy EV/Ebita 7x, PB1.6x
04/15/10 DBS Vickers NOL 2.3 2.4 Buy EV/Ebita 7x
05/13/10 DBS Vickers NOL 2.1 2.4 Buy
05/17/10 DBS Vickers NOL 2.14 2.5 Buy EV/Ebitda 7x
02/03/10 OCBC NOL 1.73 1.63 Hold NTA1.1x
03/03/10 phillip NOL 1.86 1.95 Hold BV1.3x
04/01/10 phillip NOL 2.01 2.32 Buy PB1.6x
05/17/10 phillip NOL 2.14 2.48 Outperform PB1.6x
CIMB & DBS Vickers have been strong supporters of NOL and both research houses coincidentally called for a BUY today but NOL tumbles today. What a joke!
01/12/10 CIMB NOL 1.9 2.6 Outperform PB1.8x
01/26/10 CIMB NOL 1.74 2.6 Outperform PB1.8x
02/02/10 CIMB NOL 1.7 2.6 Outperform
03/02/10 CIMB NOL 1.81 2.6 Outperform PB1.8x
03/30/10 CIMB NOL 1.93 2.6 Outperform PB1.8x
04/27/10 CIMB NOL 2.18 2.6 Outperform PB1.8x
05/17/10 CIMB NOL 2.14 2.5 Outperform PB1.8x
03/31/10 DBS Vickers NOL 1.98 2.4 Buy EV/Ebita 7x, PB1.6x
04/15/10 DBS Vickers NOL 2.3 2.4 Buy EV/Ebita 7x
05/13/10 DBS Vickers NOL 2.1 2.4 Buy
05/17/10 DBS Vickers NOL 2.14 2.5 Buy EV/Ebitda 7x
02/03/10 OCBC NOL 1.73 1.63 Hold NTA1.1x
03/03/10 phillip NOL 1.86 1.95 Hold BV1.3x
04/01/10 phillip NOL 2.01 2.32 Buy PB1.6x
05/17/10 phillip NOL 2.14 2.48 Outperform PB1.6x
CIMB & DBS Vickers have been strong supporters of NOL and both research houses coincidentally called for a BUY today but NOL tumbles today. What a joke!
Comfortdelgro - Another public transport stock.
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
04/21/10 AmFraser Comfortdelgro 1.59 1.9 Buy
02/11/10 CIMB Comfortdelgro 1.57 1.73 Underperform DCF (10% discount)
04/21/10 CIMB Comfortdelgro 1.59 1.73 Underperform DCF
05/17/10 CIMB Comfortdelgro 1.49 1.73 Underperform DCF (10% discount)
05/17/10 DBS Vickers Comfortdelgro 1.49 1.64 Hold DCF, PER15x
02/10/10 DMG & Partners Comfortdelgro 1.57 1.78 Buy DCF, PER16.5x
02/11/10 DMG & Partners Comfortdelgro 1.57 1.78 Neutral DCF, PER16.5x
04/01/10 DMG & Partners Comfortdelgro 1.57 1.78 Buy
05/03/10 DMG & Partners Comfortdelgro 1.57 1.78 Buy PER13x
05/14/10 DMG & Partners Comfortdelgro 1.49 1.78 Buy DCF
05/17/10 DMG & Partners Comfortdelgro 1.49 1.78 Buy DCF
02/11/10 Kim Eng Comfortdelgro 1.57 1.72 Hold
04/21/10 Kim Eng Comfortdelgro 1.59 1.72 Hold
05/17/10 Kim Eng Comfortdelgro 1.49 1.87 Buy PER17x
03/18/10 phillip Comfortdelgro 1.58 1.68 Hold
05/17/10 phillip Comfortdelgro 1.49 1.73 Buy DCF
04/21/10 AmFraser Comfortdelgro 1.59 1.9 Buy
02/11/10 CIMB Comfortdelgro 1.57 1.73 Underperform DCF (10% discount)
04/21/10 CIMB Comfortdelgro 1.59 1.73 Underperform DCF
05/17/10 CIMB Comfortdelgro 1.49 1.73 Underperform DCF (10% discount)
05/17/10 DBS Vickers Comfortdelgro 1.49 1.64 Hold DCF, PER15x
02/10/10 DMG & Partners Comfortdelgro 1.57 1.78 Buy DCF, PER16.5x
02/11/10 DMG & Partners Comfortdelgro 1.57 1.78 Neutral DCF, PER16.5x
04/01/10 DMG & Partners Comfortdelgro 1.57 1.78 Buy
05/03/10 DMG & Partners Comfortdelgro 1.57 1.78 Buy PER13x
05/14/10 DMG & Partners Comfortdelgro 1.49 1.78 Buy DCF
05/17/10 DMG & Partners Comfortdelgro 1.49 1.78 Buy DCF
02/11/10 Kim Eng Comfortdelgro 1.57 1.72 Hold
04/21/10 Kim Eng Comfortdelgro 1.59 1.72 Hold
05/17/10 Kim Eng Comfortdelgro 1.49 1.87 Buy PER17x
03/18/10 phillip Comfortdelgro 1.58 1.68 Hold
05/17/10 phillip Comfortdelgro 1.49 1.73 Buy DCF
Saturday, May 15, 2010
SMRT - Is public transport a defensive play?
Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method
01/27/10 AmFraser SMRT 1.86 2.03 Buy
01/28/10 AmFraser SMRT 1.89 2.19 Buy
04/08/10 AmFraser SMRT 2.13 2.19 Hold
04/21/10 AmFraser SMRT 2.19 2.19 Hold
05/03/10 AmFraser SMRT 2.16 1.99 Hold
01/28/10 CIMB SMRT 1.89 2.26 Outperform DCF
04/21/10 CIMB SMRT 2.19 2.41 Outperform DCF
05/03/10 CIMB SMRT 2.28 2.35 Neutral DCF
04/30/10 Citigroup SMRT 2.15 1.9 Sell PER16.4x, PB3.5x
01/05/10 DBS Vickers SMRT 1.91 2.08 Buy
01/28/10 DBS Vickers SMRT 1.89 2.08 Buy DCF, PER15x
02/23/10 DBS Vickers SMRT 1.94 2.08 Buy
05/03/10 DBS Vickers SMRT 2.28 2 Fully Valued DCF, PER15x
01/28/10 DMG & Partners SMRT 1.89 2 Buy DCF, PER16.5x
04/05/10 DMG & Partners SMRT 2.05 2 Buy DCF
04/30/10 DMG & Partners SMRT 2.28 2 Neutral
05/03/10 DMG & Partners SMRT 2.28 2 Neutral PER21x
03/16/10 Kim Eng SMRT 1.99 0 Buy
04/13/10 Kim Eng SMRT 2.13 2.22 Buy PER20x
04/21/10 Kim Eng SMRT 2.19 2.47 Buy
01/28/10 Lim & Tan SMRT 1.89 0 Buy
04/21/10 Lim & Tan SMRT 2.19 0 Buy
03/08/10 OCBC SMRT 1.96 2.05 Buy DDM
04/07/10 OCBC SMRT 2.09 2.22 Buy DDM, PER19x
03/18/10 phillip SMRT 2.01 2.19 Buy
04/28/10 phillip SMRT 2.24 2.42 Hold DCF
05/03/10 phillip SMRT 2.28 2.36 Hold
05/03/10 phillip SMRT 2.28 2.36 Hold DCF
01/27/10 AmFraser SMRT 1.86 2.03 Buy
01/28/10 AmFraser SMRT 1.89 2.19 Buy
04/08/10 AmFraser SMRT 2.13 2.19 Hold
04/21/10 AmFraser SMRT 2.19 2.19 Hold
05/03/10 AmFraser SMRT 2.16 1.99 Hold
01/28/10 CIMB SMRT 1.89 2.26 Outperform DCF
04/21/10 CIMB SMRT 2.19 2.41 Outperform DCF
05/03/10 CIMB SMRT 2.28 2.35 Neutral DCF
04/30/10 Citigroup SMRT 2.15 1.9 Sell PER16.4x, PB3.5x
01/05/10 DBS Vickers SMRT 1.91 2.08 Buy
01/28/10 DBS Vickers SMRT 1.89 2.08 Buy DCF, PER15x
02/23/10 DBS Vickers SMRT 1.94 2.08 Buy
05/03/10 DBS Vickers SMRT 2.28 2 Fully Valued DCF, PER15x
01/28/10 DMG & Partners SMRT 1.89 2 Buy DCF, PER16.5x
04/05/10 DMG & Partners SMRT 2.05 2 Buy DCF
04/30/10 DMG & Partners SMRT 2.28 2 Neutral
05/03/10 DMG & Partners SMRT 2.28 2 Neutral PER21x
03/16/10 Kim Eng SMRT 1.99 0 Buy
04/13/10 Kim Eng SMRT 2.13 2.22 Buy PER20x
04/21/10 Kim Eng SMRT 2.19 2.47 Buy
01/28/10 Lim & Tan SMRT 1.89 0 Buy
04/21/10 Lim & Tan SMRT 2.19 0 Buy
03/08/10 OCBC SMRT 1.96 2.05 Buy DDM
04/07/10 OCBC SMRT 2.09 2.22 Buy DDM, PER19x
03/18/10 phillip SMRT 2.01 2.19 Buy
04/28/10 phillip SMRT 2.24 2.42 Hold DCF
05/03/10 phillip SMRT 2.28 2.36 Hold
05/03/10 phillip SMRT 2.28 2.36 Hold DCF
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