SATS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/05/19	Kim Eng	SATS	5.36	6.1	Buy	DCF
07/15/19	UOB Kay Hian	SATS	5.37	5.05	Sell
07/19/19	UOB Kay Hian	SATS	5.32	4.8	Sell
07/19/19	DBS Vickers	SATS	5.32	5	Hold	DCF
07/19/19	CIMB	SATS	5.32	5.4	Hold	PER21.9x CY20
07/22/19	OCBC	SATS	5	5.28	Hold	FCFF
07/22/19	phillip	SATS	5	5.47	Accumulate
07/22/19	Lim & Tan	SATS	5	0	Hold
09/20/19	Kim Eng	SATS	4.78	6.1	Buy
10/15/19	UOB Kay Hian	SATS	4.82	5.3	Buy	DCF
11/13/19	UOB Kay Hian	SATS	5.09	5.3	Buy
11/14/19	DBS Vickers	SATS	4.99	5.06	Hold	DCF & PER22x FY21
11/19/19	phillip	SATS	5.07	5.36	Accumulate	DCF, PER23.3x FY19
11/19/19	OCBC	SATS	5.07	5.28	Hold
11/25/19	Kim Eng	SATS	5.06	6.1	Buy
02/04/20	UOB Kay Hian	SATS	4.49	4.8	Hold	Buy @ $4.30
02/06/20	CIMB	SATS	4.46	4.07	Reduce
02/14/20	DBS Vickers	SATS	4.54	4.46	Hold	DCF & PER22x FY21
02/17/20	phillip	SATS	4.43	4.45	Neutral	DCF, PER19x FY21
03/19/20	DBS Vickers	SATS	3.12	2.66	Fully Valued	DCF, PER15.8x FY21
03/27/20	UOB Kay Hian	SATS	3.32	3.96	Buy	PER19.4x FY22
05/04/20	UOB Kay Hian	SATS	3.28	3.3	Hold	Buy @ $2.80-2.90
05/06/20	DBS Vickers	SATS	2.98	2.64	Fully Valued	DCF & PER25x FY22
06/01/20	DBS Vickers	SATS	2.66	2.64	Hold	DCF & PER25x
07/13/20	phillip	SATS	2.88	1.95	Sell	PB1.35x
07/13/20	UOB Kay Hian	SATS	2.88	2.93	Hold	EV/Invested capital basis
07/13/20	Lim & Tan	SATS	2.88	0	Avoid
07/14/20	DBS Vickers	SATS	2.78	2.83	Hold	DCF & PER25x FY22
07/14/20	OCBC	SATS	2.78	2.76	Hold
07/14/20	CIMB	SATS	2.78	2.8	Reduce
08/25/20	CIMB	SATS	3.08	3	Hold	PB2.1x FY21
08/25/20	phillip	SATS	3.08	1.95	Sell	PB1.35x
08/25/20	UOB Kay Hian	SATS	3.08	2.67	Sell
08/25/20	Lim & Tan	SATS	3.08	0	Avoid

Sasseur - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
08/08/19	DBS Vickers	Sasseur	0.8	0.97	Buy	DCF
08/13/19	CIMB	Sasseur	0.805	0.94	Add	DDM
10/30/19	UOB Kay Hian	Sasseur	0.8	0.97	Buy	DDM
11/18/19	Kim Eng	Sasseur	0.845	1	Buy	DDM
11/18/19	UOB Kay Hian	Sasseur	0.845	0.97	Buy
11/18/19	DBS Vickers	Sasseur	0.845	0.97	Buy
11/20/19	CIMB	Sasseur	0.85	0.94	Add
02/21/20	CIMB	Sasseur	0.82	0.85	Add
02/24/20	DBS Vickers	Sasseur	0.815	0.93	Buy	DCF
02/24/20	Kim Eng	Sasseur	0.815	0.95	Buy
03/10/20	UOB Kay Hian	Sasseur	0.73	0.92	Buy	DDM
04/14/20	DBS Vickers	Sasseur	0.62	0.8	Buy	DCF, PB0.9x
05/15/20	UOB Kay Hian	Sasseur	0.72	0.96	Buy	DDM
06/03/20	DBS Vickers	Sasseur	0.8	0.8	Buy
06/11/20	Amfrasers	Sasseur	0.795	0.89	Outperform	DDM
08/17/20	UOB Kay Hian	Sasseur	0.775	0.99	Buy	DDM
08/18/20	CIMB	Sasseur	0.78	0.84	Add

Sabana - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/12/19	DBS Vickers	Sabana	0.455	0.48	Hold	DCF
10/25/19	DBS Vickers	Sabana	0.455	0.48	Hold	DCF
01/30/20	DBS Vickers	Sabana	0.46	0.48	Hold	DCF
07/17/20	DBS Vickers	Sabana	0.36	0.4	Buy	PB0.94x ESR-Reit

Stock calls for 1 September 2020

Date	Analyst	Company	Last	Target	Call	Valuation
09/01/20	Kim Eng	Comfortdelgro	1.48	1.76	Buy	DCF
09/01/20	UOB Kay Hian	Food Empire	0.625	0.85	Buy
09/01/20	UOB Kay Hian	Frencken	0.94	1.37	Buy
09/01/20	UOB Kay Hian	Oxley	0.225	0.37	Buy	RNAV (30% discount)
09/01/20	UOB Kay Hian	Riverstone	4.02	6	Buy
09/01/20	Lim & Tan	UG Healthcare	2.28	0	Accumulate
09/01/20	CIMB	Wing Tai	1.72	1.98	Add	RNAV
09/01/20	DBS Vickers	Yangzijiang	0.915	1.4	Buy	Sum of parts

The devious US is trying to poison all Asians now!

 https://www.porkbusiness.com/article/taiwan-lifts-ban-ractopamine-us-pork-imports

The US has managed to force Taiwan to accept a poisonous chemical, Ractopamine, in the US meat products in exchange for BTA or FTA.  Taiwan has reversed its previous stance already.

http://sg-stock.blogspot.com/2020/01/the-us-is-demanding-taiwan-to-import-us.html

This is not just happening to Taiwan.

Japan, acting in US interest, is pushing the CPTPP to ASEAN which also contains the condition to accept Ractopamine.  Fortunately, some countries still object to this and refuse to be signatories to the CPTPP.  For example, Thailand has been objecting to this harmful chemical but may succumb to the trade threats especially during the COVID outbreak period.  It is very sad that Singapore is willing to accept Ractopamine and shove it down our throats.

https://www.nationthailand.com/business/30346283

This Ractopamine affects Asians more because we eat visceral organs which will contain a much higher dosage of the chemical.

https://en.wikipedia.org/wiki/Ractopamine

Currently, there is a US petition to ban Ractopamine in animal feeds because of animal, human, and environmental safety concerns.  The US knows how harmful this chemical is to animals, humans, and our environment but the US still wants to export these chemical-laced products to Asia.

https://www.biologicaldiversity.org/programs/environmental_health/pdfs/2020-06-03-Ractopamine-Suspension-Petition--ALDF-FACT-Center.pdf

In a nutshell, Ractopamine is harmful to people with hypertension and heart diseases.  Furthermore, prolonged use will cause infertility.  Therefore, I've not been eating US pork and beef for many years already.

Roxy-Pacific - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
07/15/19	OCBC	Roxy-Pacific	0.385	0.41	Hold
08/05/19	DBS Vickers	Roxy-Pacific	0.39	0.39	Hold	RNAV (55% discount)

Riverstone - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/13/19	DBS Vickers	Riverstone	0.9	1.16	Buy	PER14.5x FY20
11/11/19	CIMB	Riverstone	0.985	1.25	Add
11/11/19	DBS Vickers	Riverstone	0.985	1.16	Buy	PER14.5x FY20
02/27/20	CIMB	Riverstone	1.05	1.3	Add
02/27/20	DBS Vickers	Riverstone	1.05	1.34	Buy	PER20x FY20
05/08/20	UOB Kay Hian	Riverstone	1.21	1.46	Buy	PER22x FY20
05/13/20	UOB Kay Hian	Riverstone	1.62	2.15	Buy	PER23.7x FY20
05/13/20	DBS Vickers	Riverstone	1.62	2.2	Buy	PER26x FY20
05/14/20	CIMB	Riverstone	1.84	1.86	Add	PER19.3x CY21
05/22/20	CIMB	Riverstone	1.94	2.5	Add	PER22.7x CY21
05/26/20	UOB Kay Hian	Riverstone	1.87	2.53	Buy	PER23.1x FY20
06/03/20	DBS Vickers	Riverstone	2.24	3.09	Buy	PER28x FY20
06/12/20	CIMB	Riverstone	2.25	3.12	Add	PER22.7x CY21
06/17/20	UOB Kay Hian	Riverstone	2.37	3.15	Buy	PER23.1x FY20
07/07/20	UOB Kay Hian	Riverstone	2.93	3.6	Buy	PER23.1x FY20
07/09/20	CIMB	Riverstone	3.3	3.9	Add
07/15/20	DBS Vickers	Riverstone	3.1	3.9	Buy	PER24x FY20
08/06/20	DBS Vickers	Riverstone	4.21	5.51	Buy	PER28.4x FY21
08/07/20	UOB Kay Hian	Riverstone	4.53	6	Buy	PER23.2x FY21
08/07/20	CIMB	Riverstone	4.53	5.55	Add

Rex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
12/12/19	UOB Kay Hian	Rex	0.167	0.218	Buy	Sum of parts, PB1.1x FY20
03/05/20	UOB Kay Hian	Rex	0.184	0.27	Buy	Sum of parts
07/22/20	UOB Kay Hian	Rex	0.188	0.3	Buy	Sum of parts

Stock calls for 31 August 2020

Date	Analyst	Company	Last	Target	Call	Valuation
08/31/20	Kim Eng	A-Reit	3.31	4	Buy
08/31/20	CIMB	Avi-Tech	0.43	0.492	Add
08/31/20	UOB Kay Hian	Avi-Tech	0.43	0.495	Buy
08/31/20	phillip	Clearbridge	0.171	0.26	Buy	DCF
08/31/20	CIMB	Frencken	0.94	1.06	Add	PER10x FY21
08/31/20	CIMB	Ifast Corp	2.37	2.44	Hold	Sum of parts
08/31/20	DBS Vickers	Lendlease Reit	0.64	0.85	Buy	PB1x FY21
08/31/20	DBS Vickers	Mapletree Commercial	1.93	2.25	Buy
08/31/20	Kim Eng	Mapletree Industrial	3.04	3.4	Buy
08/31/20	Kim Eng	Mapletree Logistics	2.06	2.4	Buy
08/31/20	Lim & Tan	Micro-Mechanics	2.07	0	Buy on weakness
08/31/20	CIMB	Penguin	0.435	0.55	Add	PB0.7x FY20
08/31/20	DBS Vickers	SPH	1.09	1.26	Hold
08/31/20	Lim & Tan	Wing Tai	1.71	0	Buy

How to interpret the latest US FED's speech?

 The US FED had dropped its target inflation rate of 2%.  What does this signify?

This signifies that the US FED is facing a conundrum.  The US FED is feeling the colossal debt stress that it has to create inflation but cannot allow the rising inflation to affect its stimulative monetary policies.  Therefore, the US FED is changing its stance so that its stimulative monetary policies can continue to boost the US sagging economic growth.

Please read below to understand more about inflation.

http://sg-stock.blogspot.com/2019/06/china-has-started-to-sell-us-treasuries.html

Huge US layoffs are coming!

 https://sg.finance.yahoo.com/news/this-week-in-trumponomics-here-come-the-big-layoffs-175303663.html

American airlines - 19,000 layoffs

Delta airline - 1,900 layoffs

MGM - 18,000 layoffs

Coca Cola - 4,000 layoffs

Salesforce - 1,000 layoffs

If the economic downturn is only temporary, the US companies won't lay off so many employees.

Another racial killing by the US police.

 

The US police have committed another racial killing after George Floyd.

Where are the international human rights groups? Why are they so quiet now?

The human rights groups accused HK police of human rights violation but they kept quiet about the brutal racial killing by the US police. Sigh!

Shame on those international human rights groups!

Raffles Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/30/19	UOB Kay Hian	Raffles Medical	1.03	1.27	Buy	DCF
07/30/19	DMG & Partners	Raffles Medical	1.03	1.02	Neutral
07/30/19	DBS Vickers	Raffles Medical	1.03	1.12	Hold	Sum of parts
07/31/19	phillip	Raffles Medical	1.04	1.09	Neutral	DCF
07/31/19	Kim Eng	Raffles Medical	1.04	1.05	Hold	DCF
07/31/19	OCBC	Raffles Medical	1.04	1.06	Hold
10/30/19	DMG & Partners	Raffles Medical	1	1.02	Neutral	DCF
10/30/19	CIMB	Raffles Medical	1	1.16	Add	Sum of parts
10/30/19	UOB Kay Hian	Raffles Medical	1	1.27	Buy	DCF
10/30/19	DBS Vickers	Raffles Medical	1	1.12	Hold
11/05/19	phillip	Raffles Medical	1	1.05	Neutral	DCF
11/05/19	Kim Eng	Raffles Medical	1	1.07	Hold	DCF
11/05/19	OCBC	Raffles Medical	1	1.02	Hold
02/25/20	DMG & Partners	Raffles Medical	1.02	0.96	Neutral	DCF
02/25/20	UOB Kay Hian	Raffles Medical	1.02	1.21	Buy	DCF
02/25/20	DBS Vickers	Raffles Medical	1.02	1.1	Hold	Sum of parts
02/25/20	Kim Eng	Raffles Medical	1.02	1.06	Hold	DCF
02/25/20	CIMB	Raffles Medical	1.02	1.16	Add
02/26/20	phillip	Raffles Medical	1.01	0.99	Neutral	DCF
03/25/20	CIMB	Raffles Medical	0.745	0.98	Add	Sum of parts
04/28/20	DMG & Partners	Raffles Medical	0.87	0.93	Neutral	DCF
04/28/20	UOB Kay Hian	Raffles Medical	0.87	1.11	Buy	DCF
04/28/20	OCBC	Raffles Medical	0.87	1.02	Buy
04/29/20	Kim Eng	Raffles Medical	0.87	0.99	Buy	DCF
04/29/20	DBS Vickers	Raffles Medical	0.87	0.96	Hold	Sum of parts
07/28/20	DMG & Partners	Raffles Medical	0.92	0.91	Neutral	DCF
07/28/20	UOB Kay Hian	Raffles Medical	0.92	1.07	Buy	DCF
07/28/20	CIMB	Raffles Medical	0.92	0.96	Hold
07/28/20	Kim Eng	Raffles Medical	0.92	0.99	Hold	DCF
07/28/20	OCBC	Raffles Medical	0.92	0.96	Hold
07/28/20	DBS Vickers	Raffles Medical	0.92	0.95	Hold	Sum of parts
07/28/20	Lim & Tan	Raffles Medical	0.92	0	Hold
07/29/20	phillip	Raffles Medical	0.92	0.94	Neutral	DCF

Propnex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/16/19	UOB Kay Hian	Propnex	0.505	0.5	Hold
08/19/19	phillip	Propnex	0.5	0.59	Buy	DCF
10/11/19	phillip	Propnex	0.49	0.59	Buy
10/14/19	UOB Kay Hian	Propnex	0.49	0.56	Buy	PER12x FY20
11/15/19	UOB Kay Hian	Propnex	0.525	0.62	Buy	PER12x FY20
11/18/19	phillip	Propnex	0.515	0.59	Buy	DCF
11/25/19	CIMB	Propnex	0.515	0.68	Add
02/21/20	Lim & Tan	Propnex	0.53	0.68	Buy
02/28/20	CIMB	Propnex	0.555	0.7	Add	DCF
02/28/20	UOB Kay Hian	Propnex	0.555	0.68	Buy
03/02/20	phillip	Propnex	0.545	0.7	Buy	DCF
03/06/20	UOB Kay Hian	Propnex	0.555	0.68	Buy
03/10/20	Lim & Tan	Propnex	0.515	0.68	Buy
05/15/20	Lim & Tan	Propnex	0.485	0	Buy
05/19/20	UOB Kay Hian	Propnex	0.5	0.65	Buy
05/19/20	CIMB	Propnex	0.5	0.625	Add
05/20/20	phillip	Propnex	0.495	0.6	Buy	DCF
08/14/20	UOB Kay Hian	Propnex	0.585	0.69	Buy
08/17/20	phillip	Propnex	0.59	0.7	Buy	DCF
08/19/20	CIMB	Propnex	0.6	0.708	Add

Perennial Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/21/20	DBS Vickers	Perennial Reit	0.52	0.83	Buy	RNAV (55% discount)
05/08/20	DBS Vickers	Perennial Reit	0.5	0.83	Buy
06/16/20	CIMB	Perennial Reit	0.94	0.994	Accept offer	Offer $0.95
11/05/19	DBS Vickers	Prime US Reit	0.94	1.05	Buy	DCF
02/13/20	Kim Eng	Prime US Reit	1.02	1.1	Buy	DDM
03/06/20	DBS Vickers	Prime US Reit	0.995	1.05	Buy	DCF
06/24/20	DBS Vickers	Prime US Reit	0.805	1	Buy
07/20/20	phillip	Prime US Reit	0.765	0.88	Buy	DDM
08/11/20	phillip	Prime US Reit	0.815	0.94	Buy	DDM

Stock calls for 28 August 2020

Date	Analyst	Company	Last	Target	Call	Valuation
08/28/20	Macquarie	A-Reit	3.3	4	Outperform
08/28/20	Lim & Tan	BRC Asia	1.12	1.25	Hold	DCF
08/28/20	DMG & Partners	Dairy Farm	4.27	4.47	Neutral
08/28/20	Lim & Tan	Ellipsiz	0.33	0	Hold
08/28/20	DMG & Partners	Japan Foods	0.33	0.33	Neutral
08/28/20	DMG & Partners	Jumbo	0.345	0.19	Sell
08/28/20	DMG & Partners	Kimly	0.255	0.26	Buy
08/28/20	DBS Vickers	Silverlake	0.3	0.4	Buy	PER17.6x FY21

Penguin - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
08/07/19	phillip	Penguin	0.495	0.61	Buy	PER5x FY19 (ex-cash)
10/09/19	UOB Kay Hian	Penguin	0.62	0.85	Buy	PER7.6x FY2020
11/08/19	CIMB	Penguin	0.66	0.81	Add	PB1x FY20
11/08/19	UOB Kay Hian	Penguin	0.66	0.85	Buy
11/11/19	phillip	Penguin	0.7	0.93	Buy	PER5x FY20 (ex-cash)
12/06/19	UOB Kay Hian	Penguin	0.725	0.85	Buy
02/26/20	CIMB	Penguin	0.71	0.82	Add	PB1x FY20
02/26/20	UOB Kay Hian	Penguin	0.71	0.85	Buy
02/27/20	phillip	Penguin	0.675	0.88	Buy	PER5x FY20 (ex-cash)
04/15/20	Lim & Tan	Penguin	0.495	0.7	Buy	PB1x
06/01/20	Lim & Tan	Penguin	0.5	0	Buy
06/03/20	phillip	Penguin	0.525	0.55	Accumulate	PB0.7x FY20
06/10/20	UOB Kay Hian	Penguin	0.52	0.6	Buy
06/18/20	CIMB	Penguin	0.49	0.55	Add
08/12/20	UOB Kay Hian	Penguin	0.43	0.42	Hold	Buy @ $0.34

Parkway Life - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/31/19	Lim & Tan	Parkway Life	3.06	0	Hold
08/01/19	UOB Kay Hian	Parkway Life	3.06	3.25	Buy
08/01/19	DBS Vickers	Parkway Life	3.06	3.35	Buy
10/31/19	Lim & Tan	Parkway Life	3.24	0	Hold
11/01/19	UOB Kay Hian	Parkway Life	3.27	3.58	Buy	DDM
11/01/19	CIMB	Parkway Life	3.27	3.26	Hold
01/22/20	Lim & Tan	Parkway Life	3.4	0	Hold
01/29/20	UOB Kay Hian	Parkway Life	3.6	3.78	Buy	DDM
02/13/20	DBS Vickers	Parkway Life	3.56	4	Buy	DCF
04/23/20	UOB Kay Hian	Parkway Life	3.34	3.78	Buy	DDM
04/23/20	CIMB	Parkway Life	3.34	3.38	Hold	DDM
04/27/20	Lim & Tan	Parkway Life	3.31	0	Hold
07/29/20	UOB Kay Hian	Parkway Life	3.44	3.8	Buy	DDM
07/29/20	Lim & Tan	Parkway Life	3.44	0	Hold
07/30/20	CIMB	Parkway Life	3.44	3.43	Hold