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Monday, December 30, 2019

Venture - Stock calls

Date Analyst Company Last Target Call Valuation
01/02/19 DMG & Partners Venture 13.85 19 Buy PER14x FY19
01/07/19 UOB Kay Hian Venture 13.71 12.9 Hold
01/07/19 Lim & Tan Venture 13.71 0 Buy
01/08/19 Kim Eng Venture 14.44 17.48 Buy PB2x FY19, PER14.4x FY19
02/11/19 UOB Kay Hian Venture 15.72 12.9 Hold PER11x FY19, Buy @ $12.40
02/12/19 CIMB Venture 15.97 17.44 Add PER12.56x FY20
02/25/19 CIMB Venture 16.12 17.88 Add PER12.56x FY20
02/25/19 Kim Eng Venture 16.12 19.23 Buy Roe-g/Coe-g, PB2.2x FY19
02/25/19 DMG & Partners Venture 16.12 19 Buy
02/25/19 DBS Vickers Venture 16.12 21.7 Buy PER15.8x FY19
02/25/19 Lim & Tan Venture 16.12 0 Buy
02/25/19 OCBC Venture 16.12 20.89 Buy PER15x
03/19/19 DMG & Partners Venture 18 19 Buy
03/29/19 DBS Vickers Venture 17.8 21.7 Buy
04/03/19 Lim & Tan Venture 18.6 0 Hold
04/26/19 OCBC Venture 19.29 20.89 Buy PER15x FY19/20
04/26/19 DMG & Partners Venture 19.29 19 Neutral
04/26/19 DBS Vickers Venture 19.29 21.7 Buy PER15.8x FY19
04/29/19 CIMB Venture 17.52 17.88 Hold PER12.5x
04/29/19 Kim Eng Venture 17.52 19.74 Hold Roe-g/Coe-g, PB2.2x FY19
05/02/19 Lim & Tan Venture 16.97 0 Buy on weakness
05/03/19 UOB Kay Hian Venture 17.4 19.01 Hold Buy @ $17
06/11/19 Kim Eng Venture 15.7 19.74 Buy Roe-g/Coe-g, PB2.2x FY19
06/25/19 Lim & Tan Venture 17.3 0 Hold
06/26/19 DMG & Partners Venture 16.46 16.3 Neutral PER13x FY19
06/26/19 UOB Kay Hian Venture 16.46 17.91 Hold PER14x FY19, Buy at $15
06/26/19 CLSA Venture 16.46 17.3 Underperform
07/05/19 Lim & Tan Venture 16.35 0 Hold
07/15/19 DBS Vickers Venture 14.9 18.6 Buy PER13.7x FY20
07/15/19 UOB Kay Hian Venture 14.9 17.91 Hold
07/16/19 CIMB Venture 15 15.73 Hold PER12.5x CY20
07/22/19 Kim Eng Venture 15.54 19.74 Buy Roe-g/Coe-g
08/13/19 Kim Eng Venture 14.76 18.88 Buy Roe-g/Coe-g, PB2.2x FY19
08/13/19 DMG & Partners Venture 14.76 16.3 Buy PER13x FY19
08/13/19 CIMB Venture 14.76 16.28 Add PER12,5x
08/13/19 UOB Kay Hian Venture 14.76 17.7 Buy PER14x
08/13/19 DBS Vickers Venture 14.76 18.6 Buy PER13.7x FY20
08/13/19 Lim & Tan Venture 14.76 0 Hold
08/14/19 DIR Venture 15.28 17.9 Outperform
08/14/19 OCBC Venture 15.28 18.42 Buy PER14x
09/09/19 Kim Eng Venture 15.48 18.88 Buy Roe-g/Coe-g, PB2.2x FY19
09/11/19 Macquarie Venture 15.33 17.7 Outperform Roe-g/Coe-g,PER14x FY19
09/27/19 CIMB Venture 15.26 16.28 Add
09/30/19 Phillip Venture 15.27 17.68 Buy PER14x
10/01/19 UOB Kay Hian Venture 15.31 17.7 Buy
10/01/19 DBS Vickers Venture 15.31 18.6 Buy
10/08/19 DMG & Partners Venture 15.42 16.3 Buy
10/11/19 Phillip Venture 15.17 17.68 Buy
10/21/19 CIMB Venture 15.35 16.28 Add PER12.5x
10/23/19 Macquarie Venture 15.38 17 Outperform
10/29/19 Kim Eng Venture 15.29 18.85 Buy PB2.1x FY20
11/11/19 Phillip Venture 16.6 17.18 Accumulate PER14x FY19
11/11/19 Kim Eng Venture 16.6 16.91 Hold PB1.8x FY20
11/11/19 DMG & Partners Venture 16.6 16.3 Neutral PER13x FY19
11/11/19 CIMB Venture 16.6 16.88 Hold PER12.5x
11/11/19 UOB Kay Hian Venture 16.6 16.67 Hold PER14x FY20
11/11/19 DBS Vickers Venture 16.6 17.2 Hold PER13.7x FY20
11/11/19 Lim & Tan Venture 16.6 0 Sell
12/10/19 DMG & Partners Venture 15.76 16.3 Neutral

Valuetronics - Stock calls

Date Analyst Company Last Target Call Valuation
01/04/19 UOB Kay Hian Valuetronics 0.66 0.87 Buy
01/07/19 DMG & Partners Valuetronics 0.675 0.82 Buy
01/08/19 Kim Eng Valuetronics 0.69 0.9 Buy PB1.9x FY19
02/14/19 Kim Eng Valuetronics 0.74 1.05 Buy ROE-g/COE-g, PB2.1x FY20
02/14/19 DMG & Partners Valuetronics 0.74 0.78 Neutral DCF
02/14/19 CIMB Valuetronics 0.74 0.73 Hold PER8.5x CY19
02/15/19 UOB Kay Hian Valuetronics 0.71 0.87 Buy
03/19/19 DMG & Partners Valuetronics 0.69 0.78 Neutral
03/21/19 Kim Eng Valuetronics 0.685 1.05 Buy PB2.1x FY20
04/09/19 Kim Eng Valuetronics 0.7 1.05 Buy
05/27/19 DMG & Partners Valuetronics 0.61 0.67 Neutral DCF
05/31/19 DMG & Partners Valuetronics 0.625 0.61 Neutral DCF
05/31/19 UOB Kay Hian Valuetronics 0.625 0.8 Buy
06/03/19 CIMB Valuetronics 0.605 0.63 Hold PER8x CY20
06/11/19 Kim Eng Valuetronics 0.64 0.99 Buy PB2x FY20
08/16/19 Kim Eng Valuetronics 0.62 0.94 Buy ROE-g/COE-g, PB1.9x FY20
08/16/19 DMG & Partners Valuetronics 0.62 0.61 Neutral DCF
08/16/19 UOB Kay Hian Valuetronics 0.62 0.8 Buy
10/08/19 DMG & Partners Valuetronics 0.615 0.61 Neutral
10/11/19 UOB Kay Hian Valuetronics 0.615 0.8 Buy PER11x FY20
11/14/19 DMG & Partners Valuetronics 0.725 0.81 Buy DCF
11/14/19 Kim Eng Valuetronics 0.725 0.98 Buy PB2x FY20
11/14/19 UOB Kay Hian Valuetronics 0.725 0.91 Buy PER12x
12/10/19 DMG & Partners Valuetronics 0.785 0.81 Buy

Saturday, December 28, 2019

The recession constellation is aligning in the US!

https://www.reuters.com/article/us-oil-opec-russia-novak-2020/russias-novak-says-opec-may-consider-ending-oil-output-cuts-in-2020-idUSKBN1YV0HY

I've stated this a few times on my blog below.

http://sg-stock.blogspot.com/2019/12/the-wall-street-analysts-are-starting.html?showComment=1576822097373#c7821513851698794977

Let me surmise again.

1. Tltro II will expire in March 2020.
2. ISM PMI reported its first contraction for August (Below 50) in September. The US recession may happen at the earliest 6 months later which is in March 2020.
3. The Republicans want to remove its President by March 2020. Nancy Pelosi just needs to get some Republicans to deflect to impeach Trump.
4. The opec+ will end the oil production cut in March 2020.  This will affect the US shale oil industry because the US has been gaining the oil market share at the expense of opec+.

All these events are pointing out that March 2020 will be a turning point for the US.

Baltic dry index - 1090

Today, Tuesday, December 24 2019, the Baltic Dry Index decreased by 13 points, reaching 1090 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
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Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 805


Related stock: Keppel Corp, Sembcorp Marine & Cosco.

Friday, December 27, 2019

UOL - Stock calls

Date Analyst Company Last Target Call Valuation
01/03/19 OCBC UOL 6.07 8.41 Buy
01/04/19 Lim & Tan UOL 6 0 Buy
01/17/19 DBS Vickers UOL 6.65 7.15 Hold
02/12/19 Lim & Tan UOL 6.57 0 Buy
02/27/19 CIMB UOL 6.77 8.45 Add RNAV
02/27/19 OCBC UOL 6.77 8.45 Buy RNAV
02/27/19 Lim & Tan UOL 6.77 0 Buy
02/28/19 DBS Vickers UOL 6.75 7.15 Hold RNAV (40% discount)
03/18/19 OCBC UOL 6.45 8.45 Buy RNAV
03/28/19 CIMB UOL 6.78 8.45 Add
04/02/19 OCBC UOL 7.11 8.45 Buy RNAV
04/16/19 DBS Vickers UOL 7.36 8.53 Buy RNAV (35% discount)
05/13/19 Lim & Tan UOL 7.26 0 Buy
05/13/19 CIMB UOL 7.26 8.45 Add RNAV (30% discount)
05/13/19 OCBC UOL 7.26 8.5 Buy
05/14/19 DBS Vickers UOL 7.08 8.53 Buy RNAV (35% discount)
06/07/19 CIMB UOL 6.8 8.45 Add
07/15/19 OCBC UOL 7.61 8.5 Buy
08/13/19 OCBC UOL 7.2 8.5 Buy
08/13/19 DBS Vickers UOL 7.2 8.53 Buy PB0.8x
08/13/19 Lim & Tan UOL 7.2 0 Buy on weakness
09/10/19 DBS Vickers UOL 7.47 8.53 Buy RNAV (35% discount)
11/13/19 OCBC UOL 7.91 9.25 Buy
11/13/19 Lim & Tan UOL 7.91 0 Buy on weakness
12/03/19 Lim & Tan UOL 7.79 0 Buy

UOB - Stock calls

Date Analyst Company Last Target Call Valuation
01/02/19 DMG & Partners UOB 24.57 30.8 Buy GGM, PB1.41x FY19
01/03/19 CIMB UOB 24.31 31 Add PER11.4x FY20
01/03/19 JP Morgan UOB 24.31 30 Overweight
01/04/19 phillip UOB 23.99 32.52 Buy
01/04/19 Jefferies UOB 23.99 31 Buy
01/29/19 DMG & Partners UOB 25.83 29.8 Buy GGM, PB1.37x FY19
01/29/19 CIMB UOB 25.83 32 Add GGM, PB1.4x CY19
01/31/19 Kim Eng UOB 25.3 30.5 Buy DDM
02/01/19 phillip UOB 25.19 32.52 Buy
02/12/19 Kim Eng UOB 25.34 30.5 Buy
02/22/19 DMG & Partners UOB 25.98 29.8 Buy PB1.35x FY19
02/25/19 Jefferies UOB 25.58 30 Buy PER12.3x FY19
02/25/19 OCBC UOB 25.58 28.3 Buy PB1.2x FY19
02/25/19 DBS Vickers UOB 25.58 29.2 Buy GGM, PB1.2x
02/25/19 phillip UOB 25.58 32.51 Buy GGM, PB1.4x FY19
02/25/19 Kim Eng UOB 25.58 29.71 Buy DDM
02/25/19 CIMB UOB 25.58 29 Add GGM, PB1.3x FY19
02/26/19 Macquarie UOB 25.39 30.5 Outperform PB
03/04/19 phillip UOB 25 32.5 Buy
03/07/19 Kim Eng UOB 25.1 29.71 Buy
03/11/19 CIMB UOB 24.91 29 Add
03/13/19 DMG & Partners UOB 25.04 29.8 Buy PB1.35x FY19
03/26/19 OCBC UOB 24.95 28.3 Buy
04/02/19 phillip UOB 25.42 32.5 Buy
04/02/19 DBS Vickers UOB 25.42 29.2 Buy
04/11/19 CIMB UOB 26.56 29 Add
04/12/19 Kim Eng UOB 26.53 29.71 Buy
04/18/19 phillip UOB 26.87 32.02 Buy GGM, PB1.4x FY19
04/22/19 DMG & Partners UOB 26.8 29.8 Buy
04/24/19 DMG & Partners UOB 26.99 30.8 Buy PB1.29x FY20
05/03/19 phillip UOB 27.75 32.5 Buy
05/03/19 DMG & Partners UOB 27.75 30.8 Buy GGM, PB1.29x FY20
05/03/19 DBS Vickers UOB 27.75 29.2 Buy GGM, PB1.2x FY19
05/03/19 CIMB UOB 27.75 29 Add GGM
05/06/19 Jefferies UOB 27.77 31 Buy PER12.4x FY19
05/06/19 OCBC UOB 27.77 28.9 Hold GGM, PB1.2x
05/06/19 phillip UOB 27.77 30.87 Accumulate GGM, PB1.4x FY19
05/06/19 CIMB UOB 27.77 29.58 Add GGM, PB1.3x
05/06/19 Lim & Tan UOB 27.77 0 Buy on weakness
05/07/19 OCBC UOB 25.85 27.3 Hold
05/16/19 CIMB UOB 25.1 29.58 Add GGM
05/22/19 Kim Eng UOB 24.83 28.97 Buy
06/03/19 CIMB UOB 23.5 29.58 Add
06/06/19 phillip UOB 24 30.9 Accumulate
06/06/19 DMG & Partners UOB 24 30.8 Buy
06/17/19 Kim Eng UOB 24.99 28.97 Buy
06/20/19 OCBC UOB 26.14 28.9 Buy
06/25/19 DBS Vickers UOB 25.86 29.2 Buy
07/01/19 Kim Eng UOB 26.13 28.97 Buy
07/02/19 OCBC UOB 26.61 29.4 Buy GGM, PB1.3x, PER11.3x
07/03/19 phillip UOB 26.55 30.9 Accumulate
07/08/19 DMG & Partners UOB 26.26 30.8 Buy PB1.29x FY20
07/22/19 CIMB UOB 26.94 29.58 Add
07/23/19 DBS Vickers UOB 26.8 29.2 Buy
08/02/19 DMG & Partners UOB 26.28 29.5 Buy GGM, PB1.24x FY20
08/02/19 Lim & Tan UOB 26.28 0 Buy on weakness
08/05/19 phillip UOB 26 28.6 Accumulate GGM, PB1.3x
08/05/19 DBS Vickers UOB 26 29.2 Buy GGM, PB1.2x FY19
08/05/19 Kim Eng UOB 26 29.13 Buy DDM
08/06/19 CIMB UOB 25.91 29.58 Add GGM, PB1.3x
08/20/19 CIMB UOB 25.15 29.54 Add
08/29/19 Macquarie UOB 24.41 27.2 Neutral PB
09/02/19 CIMB UOB 24.96 29.54 Add
09/05/19 phillip UOB 25.1 28.6 Accumulate
09/11/19 DMG & Partners UOB 25.77 29.5 Buy
09/26/19 Kim Eng UOB 25.38 29.13 Buy
10/01/19 DBS Vickers UOB 25.66 29.2 Buy
10/02/19 DMG & Partners UOB 25.9 29.5 Buy
10/04/19 phillip UOB 25.33 28.6 Accumulate
11/01/19 CIMB UOB 26.83 29.54 Add GGM, PB1.3x
11/01/19 DMG & Partners UOB 26.83 29.5 Buy GGM, PB1.24x FY20
11/01/19 Lim & Tan UOB 26.83 0 Buy on weakness
11/04/19 phillip UOB 26.57 27.8 Accumulate GGM, PB1.3x
11/04/19 Kim Eng UOB 26.57 30.5 Buy DDM
11/04/19 OCBC UOB 26.57 29.4 Buy
11/04/19 DBS Vickers UOB 26.57 29.2 Buy GGM, PB1.1x FY20
12/02/19 CIMB UOB 25.82 29.1 Add
12/02/19 Kim Eng UOB 25.82 30.5 Buy
12/03/19 DBS Vickers UOB 25.77 29.2 Buy
12/03/19 DMG & Partners UOB 25.77 29.5 Buy
12/04/19 phillip UOB 25.54 27.8 Accumulate

Unusual - Stock calls

Date Analyst Company Last Target Call Valuation
09/17/19 DMG & Partners Unusual 0.28 0.42 Buy DCF
10/15/19 DMG & Partners Unusual 0.27 0.42 Buy DCF
11/19/19 DMG & Partners Unusual 0.295 0.42 Buy DCF
11/20/19 UOB Kay Hian Unusual 0.305 0.44 Buy
12/05/19 DMG & Partners Unusual 0.27 0.42 Buy DCF
12/13/19 UOB Kay Hian Unusual 0.28 0.44 Buy

Stock calls for 27 December 2019

Date Analyst Company Last Target Call Valuation
12/27/19 CIMB CSE Global 0.545 0.73 Add
12/27/19 CIMB Sembcorp Industries 2.28 2.78 Add
12/27/19 CIMB SIA Engineering 2.82 3.3 Add
12/27/19 Lim & Tan United Engineers 2.69 0 Accept offer Cash offer @ $2.70
12/27/19 CIMB Yangzijiang 1.13 1.45 Add

Thursday, December 26, 2019

United Engineers - Stock calls

Date Analyst Company Last Target Call Valuation
10/25/19 Lim & Tan United Engineers 2.66 0 Sell

Uni-Asia - Stock calls

Date Analyst Company Last Target Call Valuation
03/14/19 Amfrasers Uni-Asia 1.2 2.07 Buy Sum of parts, PB0.6x FY19, PER9.5x FY19
04/09/19 Amfrasers Uni-Asia 1.16 1.86 Buy Sum of parts, PB0.6x FY19, PER9.5x FY19
05/17/19 Amfrasers Uni-Asia 1.13 1.86 Buy Sum of parts, PB0.6x FY19, PER9.5x FY19
08/28/19 Amfrasers Uni-Asia 0.73 1.24 Buy Sum of parts, PB0.6x FY20, PER8.5x FY20
09/26/19 Amfrasers Uni-Asia 0.71 1.24 Buy Sum of parts, PB0.6x FY20, PER8.5x FY20
12/03/19 Amfrasers Uni-Asia 0.73 1.24 Outperform Sum of parts, PB0.6x FY20, PER8.5x FY20

UMS - Stock calls

Date Analyst Company Last Target Call Valuation
02/26/19 DBS Vickers UMS 0.71 0.55 Fully Valued PER8x FY19
02/28/19 CIMB UMS 0.74 0.62 Reduce PB1.37x CY19
05/14/19 DBS Vickers UMS 0.615 0.55 Fully Valued PER8x FY19
05/16/19 DBS Vickers UMS 0.64 0.45 Fully Valued PER8x FY19/20
05/21/19 CIMB UMS 0.62 0.55 Reduce
08/16/19 DBS Vickers UMS 0.585 0.49 Fully Valued PER9x FY20
08/16/19 CIMB UMS 0.585 0.55 Hold PB1.24x FY19
10/24/19 DBS Vickers UMS 0.705 0.87 Buy PER12x FY20
10/25/19 CIMB UMS 0.74 0.67 Hold PB1.4x FY20
11/13/19 DBS Vickers UMS 0.81 1 Buy PER13x FY20
11/29/19 DBS Vickers UMS 0.89 1.08 Buy PER14x FY20
12/05/19 Kim Eng UMS 0.95 1.13 Buy PB2.2x FY20

Stock calls for 26 December 2019

Date Analyst Company Last Target Call Valuation
12/26/19 Lim & Tan Sembcorp Marine 1.28 0 Hold
12/26/19 DMG & Partners Yoma 0.335 0.57 Buy

Monday, December 23, 2019

UG Healthcare - Stock calls

Date Analyst Company Last Target Call Valuation
03/11/19 DMG & Partners UG Healthcare 0.205 0.32 Buy PER10x FY20
05/07/19 DMG & Partners UG Healthcare 0.18 0.32 Buy PER10x FY20
08/28/19 DMG & Partners UG Healthcare 0.18 0.3 Buy PER11x FY20

Top Glove - Stock calls

Date Analyst Company Last Target Call Valuation
03/11/19 Kim Eng Top Glove 1.5 1.53 Hold Ringgit target $4.60, PER24x CY20
04/17/19 UOB Kay Hian Top Glove 1.48 1.34 Hold Ringgit target $4.10, Buy @ $3.70
06/27/19 Kim Eng Top Glove 1.62 1.59 Hold Ringgit target $4.85

Tianjin Zhongxin - Stock calls

Date Analyst Company Last Target Call Valuation
04/01/19 UOB Kay Hian Tianjin Zhongxin 0.915 1.7 Buy PER13.6x FY19
05/02/19 UOB Kay Hian Tianjin Zhongxin 0.985 1.7 Buy
06/14/19 UOB Kay Hian Tianjin Zhongxin 0.885 1.7 Buy
08/15/19 UOB Kay Hian Tianjin Zhongxin 0.795 1.4 Buy

Stock calls for 23 December 2019

Date Analyst Company Last Target Call Valuation
12/23/19 Lim & Tan SPH 2.16 0 Hold
12/23/19 DBS Vickers Yangzijiang 1.07 1.68 Buy

Hong Kong protestors are just paid anti-China lackeys.

https://www.channelnewsasia.com/news/asia/hong-kong-protesters-rally-in-support-of-china-s-ethnic-uighurs-12204238

These HK protestors are just paid anti-China lackeys!  Why did I say so?

If they're so concerned about Muslims' welfare and rights, they would have protested for the same noble cause for the Muslims anywhere.

https://sg.news.yahoo.com/fresh-clashes-india-death-toll-hits-nine-062143467.html

However, these HK protestors turned a blind eye to the Muslims' plight in India and chose to focus only on China's Muslims.  Why?  This is because they're not being paid to protest for the Indian Muslims.

Let's look at the US hypocrisy below.

The US Pompeo avoided the Indian Muslims' issue but chose to focus on China's Muslims.

https://www.bloomberg.com/news/articles/2019-12-18/pompeo-avoids-comment-on-india-citizenship-law-in-minister-visit

Saturday, December 21, 2019

Baltic dry index - 1123

Today, Friday, December 20 2019, the Baltic Dry Index decreased by 28 points, reaching 1123 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
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Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 813


Related stock: Keppel Corp, Sembcorp Marine & Cosco.