Date | Analyst | Company | Last | Target | Call | Valuation |
01/03/17 | DMG & Partners | Delfi | 2.22 | 2.55 | Buy | |
01/16/17 | OCBC | Delfi | 2.25 | 2.39 | Hold | |
02/23/17 | CIMB | Delfi | 2.32 | 2.3 | Hold | PER25x CY18 |
02/23/17 | OCBC | Delfi | 2.32 | 2.39 | Hold | PER30x FY17 |
02/24/17 | DMG & Partners | Delfi | 2.35 | 2.55 | Neutral | DCF |
02/24/17 | OCBC | Delfi | 2.35 | 2.37 | Hold | PER30x FY17 |
02/27/17 | DBS Vickers | Delfi | 2.33 | 2.26 | Hold | PER26x FY17/18 |
03/17/17 | OCBC | Delfi | 2.24 | 2.37 | Hold | |
05/09/17 | OCBC | Delfi | 2.2 | 2.37 | Hold | |
05/11/17 | CIMB | Delfi | 2.2 | 2.3 | Hold | PER25x CY18 |
05/11/17 | OCBC | Delfi | 2.2 | 2.21 | Hold | PER30x FY17/18 |
06/16/17 | OCBC | Delfi | 2.05 | 2.21 | Hold | |
08/10/17 | OCBC | Delfi | 2.12 | 2.08 | Hold | PER30x FY18 |
08/10/17 | DMG & Partners | Delfi | 2.12 | 2 | Neutral | DCF |
10/02/17 | DMG & Partners | Delfi | 1.515 | 1.86 | Buy | DCF |
11/15/17 | DMG & Partners | Delfi | 1.45 | 1.65 | Buy | DCF |
12/19/17 | DBS Vickers | Delfi | 1.43 | 1.8 | Buy | PER26x FY18/19 |
02/28/18 | DMG & Partners | Delfi | 1.52 | 1.54 | Neutral | DCF |
05/09/18 | DBS Vickers | Delfi | 1.48 | 1.8 | Buy | PER26x FY18/19 |
05/09/18 | DMG & Partners | Delfi | 1.48 | 1.54 | Neutral | |
06/20/18 | DMG & Partners | Delfi | 1.32 | 1.47 | Buy | DCF |
08/06/18 | DMG & Partners | Delfi | 1.18 | 1.47 | Buy | DCF |
Wednesday, September 26, 2018
Delfi - Stock calls
Stock calls for 26 September 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
09/26/18 | OCBC | Golden Agri | 0.24 | 0.24 | Hold | PER16x FY19 |
09/26/18 | CIMB | HRnetGroup | 0.87 | 1.1 | Add | PER18x CY20 |
09/26/18 | DMG & Partners | Moya Asia | 0.083 | 0.13 | Buy | |
09/26/18 | DBS Vickers | OCBC | 11.45 | 12.4 | Hold | |
09/26/18 | phillip | UOB | 27.01 | 33.69 | Buy | GGM, PB1.6x FY18 |
ECB simulation showed that China would win and US would lose in a trade war.
https://sg.finance.yahoo.com/news/u-most-lose-trade-war-china-benefit-ecb-081057010--business.html
ECB simulation shared the same viewpoint as ours. We had stated previously that the US would lose in a US-China trade war and China would win if it prolonged the trade war.
http://sg-stock.blogspot.com/2018/04/who-will-win-in-trade-war-us-or-china.html
No wonder Jack Ma of Alibaba said that the US-China trade war might last 20 years. This statement showed that China had prepared itself for a long drawn trade war with the US.
ECB simulation shared the same viewpoint as ours. We had stated previously that the US would lose in a US-China trade war and China would win if it prolonged the trade war.
http://sg-stock.blogspot.com/2018/04/who-will-win-in-trade-war-us-or-china.html
No wonder Jack Ma of Alibaba said that the US-China trade war might last 20 years. This statement showed that China had prepared itself for a long drawn trade war with the US.
Tuesday, September 25, 2018
Relationship between US and China has gone south.
https://sg.finance.yahoo.com/news/china-denies-hong-kong-port-090300934.html
A military port call at HK is a good indicator of the relationship between the US and China and this is also one of the assessments the US uses.
When the US military port call at HK is rejected, the US knows that the relationship has gone south.
A military port call at HK is a good indicator of the relationship between the US and China and this is also one of the assessments the US uses.
When the US military port call at HK is rejected, the US knows that the relationship has gone south.
Del Monte - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/13/17 | DBS Vickers | Del Monte | 0.345 | 0.36 | Hold | PER12x FY18 |
03/14/17 | Lim & Tan | Del Monte | 0.345 | 0 | Neutral | |
03/15/17 | CIMB | Del Monte | 0.345 | 0.35 | Hold | PER11.3x FY17 |
06/29/17 | DBS Vickers | Del Monte | 0.34 | 0.36 | Hold | PER12x |
07/04/17 | DBS Vickers | Del Monte | 0.325 | 0.32 | Hold | PER15x FY18/19 |
09/08/17 | Lim & Tan | Del Monte | 0.31 | 0 | Hold | |
06/29/18 | Lim & Tan | Del Monte | 0.18 | 0 | Neutral |
DBS Bank - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/03/17 | DMG & Partners | DBS | 17.34 | 18.38 | Buy | |
01/04/17 | Kim Eng | DBS | 17.32 | 15.68 | Hold | |
01/05/17 | Credit Suisse | DBS | 17.52 | 18.93 | Outperform | |
01/06/17 | UOB Kay Hian | DBS | 17.8 | 21.2 | Buy | GGM, PB1.17x FY17 |
01/10/17 | OCBC | DBS | 17.85 | 17.83 | Hold | PB1x |
01/11/17 | DIR | DBS | 17.99 | 22.4 | Buy | |
01/16/17 | Jefferies | DBS | 18.31 | 14 | Underperform | |
01/16/17 | phillip | DBS | 18.31 | 16.85 | Neutral | PB0.95x FY17 |
01/16/17 | UBS | DBS | 18.31 | 17.9 | Neutral | |
02/02/17 | Lim & Tan | DBS | 18.88 | 0 | Hold | |
02/02/17 | UOB Kay Hian | DBS | 18.88 | 21.2 | Buy | GGM, PB1.17x FY17 |
02/03/17 | CIMB | DBS | 18.78 | 15.4 | Hold | |
02/06/17 | Macquarie | DBS | 18.66 | 21.5 | Outperform | |
02/16/17 | Lim & Tan | DBS | 18.23 | 0 | Take profit/Sell | Buy @ $16.87 |
02/17/17 | CIMB | DBS | 18.54 | 17.66 | Hold | GGM, PB0.99x CY17 |
02/17/17 | Credit Suisse | DBS | 18.54 | 19.8 | Neutral | |
02/17/17 | DIR | DBS | 18.54 | 22.5 | Buy | Warranted Equity Method, PB1.24x |
02/17/17 | DMG & Partners | DBS | 18.54 | 19.8 | Neutral | GGM, PB1.1x FY17 |
02/17/17 | Kim Eng | DBS | 18.54 | 18.13 | Hold | PB1x FY17 |
02/17/17 | phillip | DBS | 18.54 | 16.73 | Reduce | PB0.95x FY17 |
02/17/17 | UOB Kay Hian | DBS | 18.54 | 21.5 | Buy | GGM, PB1.19x FY17 |
03/03/17 | CIMB | DBS | 19.03 | 17.66 | Hold | |
03/03/17 | Jefferies | DBS | 19.03 | 16.2 | Underperform | |
03/06/17 | Macquarie | DBS | 18.97 | 21 | Outperform | |
03/14/17 | UOB Kay Hian | DBS | 19.11 | 21.5 | Buy | GGM, PB1.19x FY17 |
03/21/17 | Kim Eng | DBS | 19.01 | 18.13 | Hold | PB1x |
04/03/17 | Kim Eng | DBS | 19.4 | 18.13 | Hold | |
04/18/17 | DIR | DBS | 18.9 | 22.5 | Buy | |
04/20/17 | UOB Kay Hian | DBS | 18.79 | 21.5 | Buy | GGM, PB1.19x FY17 |
04/25/17 | CIMB | DBS | 19 | 17.66 | Hold | |
05/02/17 | Bernstein | DBS | 19.35 | 22 | Outperform | |
05/02/17 | UBS | DBS | 19.35 | 19.2 | Neutral | |
05/03/17 | CIMB | DBS | 19.86 | 18.75 | Hold | GGM, PB1.04x CY17 |
05/03/17 | Credit Suisse | DBS | 19.86 | 22.6 | Outperform | |
05/03/17 | DMG & Partners | DBS | 19.86 | 20.5 | Neutral | |
05/03/17 | Kim Eng | DBS | 19.86 | 19.18 | Hold | PB1.1x FY18 |
05/03/17 | Lim & Tan | DBS | 19.86 | 0 | Hold | |
05/03/17 | phillip | DBS | 19.86 | 17.24 | Reduce | PB0.95x FY17 |
05/03/17 | UOB Kay Hian | DBS | 19.86 | 23.3 | Buy | GGM, PB1.25x FY17 |
05/08/17 | Macquarie | DBS | 20.42 | 21 | Outperform | |
05/18/17 | DIR | DBS | 20.8 | 23 | Outperform | |
05/23/17 | Jefferies | DBS | 20.86 | 22.5 | Buy | DDM |
05/31/17 | Macquarie | DBS | 20.6 | 22 | Outperform | |
06/08/17 | UOB Kay Hian | DBS | 20.43 | 23.3 | Buy | |
06/09/17 | Credit Suisse | DBS | 20.47 | 22.6 | Outperform | |
06/09/17 | Deutsche | DBS | 20.47 | 21 | Buy | GGM, PB1.3x |
06/14/17 | Kim Eng | DBS | 20.78 | 19.18 | Hold | PB1.1x FY18 |
06/22/17 | Macquarie | DBS | 20.4 | 22.2 | Outperform | PB1.22x |
06/28/17 | DMG & Partners | DBS | 20.26 | 20.5 | Neutral | |
07/03/17 | Kim Eng | DBS | 20.74 | 19.18 | Hold | |
07/04/17 | UOB Kay Hian | DBS | 20.65 | 25.25 | Buy | GGM, PB1.3x FY18 |
07/12/17 | Credit Suisse | DBS | 20.77 | 22.7 | Outperform | |
08/02/17 | Macquarie | DBS | 21.95 | 22.2 | Outperform | PB1.22x |
08/04/17 | Lim & Tan | DBS | 22.08 | 0 | Hold | |
08/04/17 | DMG & Partners | DBS | 22.08 | 20.65 | Neutral | GGM, PB1.1x FY17 |
08/04/17 | OCBC | DBS | 22.08 | 22.5 | Hold | Buy @ $21 or lower |
08/07/17 | CIMB | DBS | 21.49 | 21.5 | Hold | GGM |
08/07/17 | DIR | DBS | 21.49 | 23 | Outperform | Warranted Equity Method, PB1.24x |
08/07/17 | UOB Kay Hian | DBS | 21.49 | 24.85 | Buy | GGM, PB1.29x FY18 |
08/07/17 | Kim Eng | DBS | 21.49 | 19.18 | Hold | |
08/07/17 | phillip | DBS | 21.49 | 17.92 | Reduce | GGM, PB0.98x FY18 |
08/07/17 | UBS | DBS | 21.49 | 21.2 | Neutral | |
08/22/17 | Kim Eng | DBS | 20.49 | 21.5 | Hold | GGM, PB1x FY18 |
08/23/17 | Deutsche | DBS | 20.54 | 22 | Hold | |
09/05/17 | OCBC | DBS | 20.35 | 22.4 | Hold | |
09/12/17 | DMG & Partners | DBS | 20.43 | 20.65 | Neutral | PB1x FY18 |
09/14/17 | OCBC | DBS | 20.38 | 22.5 | Buy | |
09/18/17 | phillip | DBS | 20.06 | 21.45 | Accumulate | GGM, PB1.2x FY17 |
09/18/17 | Kim Eng | DBS | 20.06 | 21.5 | Hold | |
09/21/17 | DIR | DBS | 20.48 | 23.3 | Outperform | GGM, PB1.24x |
10/09/17 | DIR | DBS | 21.5 | 23.3 | Outperform | |
10/20/17 | UOB Kay Hian | DBS | 21.7 | 24.48 | Buy | GGM, PB1.27x FY17 |
10/20/17 | phillip | DBS | 21.7 | 25.7 | Buy | |
11/01/17 | UOB Kay Hian | DBS | 22.78 | 24.48 | Buy | GGM, PB1.27x FY18 |
11/06/17 | DMG & Partners | DBS | 22.97 | 20.65 | Neutral | |
11/06/17 | Lim & Tan | DBS | 22.97 | 0 | Neutral | |
11/07/17 | Kim Eng | DBS | 22.79 | 22.75 | Hold | GGM, PB1.2x FY18 |
11/07/17 | UOB Kay Hian | DBS | 22.79 | 24.4 | Buy | GGM, PB1.3x FY18 |
11/07/17 | Credit Suisse | DBS | 22.79 | 25.3 | Outperform | |
11/07/17 | DMG & Partners | DBS | 22.79 | 21.45 | Neutral | GGM, PB1.08x FY18 |
11/07/17 | UBS | DBS | 22.79 | 26 | Buy | |
11/08/17 | phillip | DBS | 23.49 | 26.83 | Buy | GGM, PB1.39x FY18 |
11/20/17 | CIMB | DBS | 24.13 | 25 | Add | |
11/20/17 | UOB Kay Hian | DBS | 24.13 | 26.1 | Buy | GGM, PB1.38x FY17 |
11/20/17 | Credit Suisse | DBS | 24.13 | 27.4 | Outperform | |
11/21/17 | DMG & Partners | DBS | 23.86 | 23.33 | Neutral | GGM |
11/27/17 | phillip | DBS | 25.1 | 29.3 | Buy | GGM, PB1.51x FY18 |
12/01/17 | UOB Kay Hian | DBS | 24.43 | 26.1 | Buy | GGM, PB1.38x FY18 |
12/08/17 | phillip | DBS | 24.24 | 29.3 | Buy | |
12/13/17 | OCBC | DBS | 25.2 | 27.4 | Buy | GGM, PB1.4x |
12/20/17 | CIMB | DBS | 24.71 | 25 | Add | |
01/02/18 | UOB Kay Hian | DBS | 24.85 | 26.1 | Buy | GGM, PB1.38x FY18 |
01/05/18 | UOB Kay Hian | DBS | 26.5 | 29.5 | Buy | GGM, PB1.56x FY18 |
01/08/18 | DMG & Partners | DBS | 26.32 | 23.33 | Neutral | |
01/09/18 | Deutsche | DBS | 26.45 | 27.1 | Hold | |
01/10/18 | phillip | DBS | 26.51 | 29.3 | Buy | |
02/01/18 | OCBC | DBS | 26.4 | 29.5 | Buy | PB1.45x FY18 |
02/02/18 | UOB Kay Hian | DBS | 26.61 | 28.38 | Buy | |
02/08/18 | Macquarie | DBS | 25.36 | 27.5 | Outperform | |
02/08/18 | Lim & Tan | DBS | 25.36 | 0 | Buy | |
02/08/18 | DMG & Partners | DBS | 25.36 | 25 | Neutral | PB1.3x FY18 |
02/09/18 | Kim Eng | DBS | 26.71 | 29.66 | Hold | |
02/09/18 | UOB Kay Hian | DBS | 26.71 | 30.4 | Buy | GGM, PB1.62x FY18 |
02/09/18 | CIMB | DBS | 26.71 | 29 | Add | GGM, PB1.5x FY18, PER11.6x FY19 |
02/12/18 | phillip | DBS | 26.71 | 29.3 | Buy | GGM, PB1.58x |
02/22/18 | UBS | DBS | 29.45 | 35 | Buy | |
03/02/18 | UOB Kay Hian | DBS | 28.8 | 30.4 | Buy | |
03/05/18 | OCBC | DBS | 28.41 | 32.53 | Buy | PB1.7x |
03/05/18 | Credit Suisse | DBS | 28.41 | 31.1 | Outperform | |
03/15/18 | DMG & Partners | DBS | 29.12 | 27 | Neutral | GGM, PB1.39x FY18 |
03/20/18 | Kim Eng | DBS | 28.07 | 29.66 | Hold | |
03/22/18 | Lim & Tan | DBS | 28.4 | 0 | Buy | |
04/03/18 | UOB Kay Hian | DBS | 27.32 | 30.4 | Buy | |
04/16/18 | Credit Suisse | DBS | 28.42 | 35.5 | Buy | |
04/19/18 | UOB Kay Hian | DBS | 29.36 | 31.08 | Buy | GGM, PB1.7x FY18 |
04/20/18 | CIMB | DBS | 29.92 | 33 | Add | GGM, PB1.7x FY18 |
04/30/18 | DMG & Partners | DBS | 30 | 27 | Neutral | |
04/30/18 | OCBC | DBS | 30 | 34.6 | Buy | |
05/02/18 | phillip | DBS | 30.84 | 32.7 | Accumulate | GGM, PB1.8x FY18 |
05/02/18 | UOB Kay Hian | DBS | 30.84 | 35.5 | Buy | GGM, PB1.82x FY19 |
05/02/18 | DMG & Partners | DBS | 30.84 | 29.6 | Neutral | GGM, PB1.51x (ex-div) |
05/02/18 | CIMB | DBS | 30.84 | 34 | Add | GGM, PB1.8x FY18 |
05/02/18 | Lim & Tan | DBS | 30.84 | 0 | Buy on weakness | |
05/02/18 | Kim Eng | DBS | 30.84 | 30.8 | Hold | GGM, PB1.6 FY18 |
05/04/18 | Macquarie | DBS | 29.28 | 29.5 | Neutral | |
05/08/18 | Goldman Sachs | DBS | 28.97 | 36 | Buy | DDM |
06/04/18 | phillip | DBS | 28.3 | 32.7 | Accumulate | |
06/04/18 | UOB Kay Hian | DBS | 28.3 | 35.5 | Buy | |
06/11/18 | CIMB | DBS | 28.5 | 34 | Add | GGM, PB1.5x CY18 |
06/13/18 | OCBC | DBS | 28.48 | 34.6 | Buy | |
06/26/18 | UOB Kay Hian | DBS | 26.66 | 30.15 | Buy | GGM, PB1.65x FY18 |
06/29/18 | DMG & Partners | DBS | 26.49 | 30.3 | Buy | GGM, PB1.47x FY19 |
07/02/18 | phillip | DBS | 26.61 | 32.7 | Accumulate | |
07/03/18 | UOB Kay Hian | DBS | 26.38 | 30.15 | Buy | |
07/12/18 | OCBC | DBS | 26.01 | 32.67 | Buy | PB1.7x |
07/16/18 | DMG & Partners | DBS | 26.25 | 30.3 | Buy | GGM, PB1.47x FY19 |
07/18/18 | UOB Kay Hian | DBS | 26.01 | 28.95 | Buy | GGM, PB1.58x FY18 |
08/01/18 | phillip | DBS | 26.75 | 32.7 | Accumulate | |
08/02/18 | Macquarie | DBS | 26.94 | 29.5 | Neutral | |
08/02/18 | DMG & Partners | DBS | 26.94 | 30.3 | Buy | |
08/02/18 | Lim & Tan | DBS | 26.94 | 0 | Buy | |
08/03/18 | UOB Kay Hian | DBS | 26.5 | 28.2 | Hold | GGM, PB1.55x FY18, Buy @ $25.50 |
08/03/18 | CIMB | DBS | 26.5 | 28 | Hold | GGM, PB1.4x |
08/06/18 | phillip | DBS | 26.15 | 33.32 | Buy | GGM, PB1.7x |
09/17/18 | DMG & Partners | DBS | 24.85 | 30.3 | Buy | GGM, PB1.51x FY19 |
Dasin Retail - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/16/18 | phillip | Dasin Retail | 0.85 | 0.98 | Buy | DDM |
03/02/18 | phillip | Dasin Retail | 0.87 | 0.98 | Buy | DDM |
05/25/18 | phillip | Dasin Retail | 0.86 | 0.97 | Buy | DDM |
08/14/18 | phillip | Dasin Retail | 0.9 | 0.97 | Accumulate | DDM |
Stock calls for 25 September 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
09/25/18 | Deutsche | A-Reit | 2.59 | 2.75 | Hold | |
09/25/18 | Deutsche | CapitaCommercial | 1.76 | 1.9 | Buy | |
09/25/18 | Deutsche | Capitaland | 3.36 | 4.3 | Buy | |
09/25/18 | Deutsche | Capitamall Trust | 2.13 | 2.3 | Buy | |
09/25/18 | Deutsche | City Developments | 8.88 | 12.6 | Hold | |
09/25/18 | DBS Vickers | Frasers Commercial Trust | 1.43 | 1.65 | Buy | |
09/25/18 | CIMB | Keppel Corp | 7 | 8.82 | Add | |
09/25/18 | Deutsche | Keppel Corp | 7 | 8.4 | Hold | |
09/25/18 | Deutsche | Keppel DC Reit | 1.36 | 1.55 | Buy | |
09/25/18 | DBS Vickers | Keppel KBS | 0.78 | 0.95 | Buy | |
09/25/18 | Deutsche | Keppel Reit | 1.19 | 1.3 | Buy | |
09/25/18 | UOB Kay Hian | M1 | 1.63 | 1.88 | Buy | DCF |
09/25/18 | CIMB | M1 | 1.63 | 1.5 | Hold | |
09/25/18 | Deutsche | Manulife US Reit | 0.795 | 1 | Buy | |
09/25/18 | Deutsche | Mapletree Commercial | 1.64 | 1.7 | Buy | |
09/25/18 | Deutsche | Mapletree Industrial | 1.96 | 1.75 | Sell | |
09/25/18 | Deutsche | Mapletree Logistics | 1.26 | 1.4 | Buy | |
09/25/18 | CIMB | OCBC | 11.36 | 14 | Add | GGM |
09/25/18 | Deutsche | OUE | 1.54 | 3 | Buy | |
09/25/18 | Deutsche | OUE Hospitality | 0.715 | 0.65 | Sell | |
09/25/18 | UOB Kay Hian | Singtel | 3.15 | 3.94 | Buy | DCF |
09/25/18 | UOB Kay Hian | Starhub | 1.71 | 1.92 | Buy | DCF |
09/25/18 | Deutsche | Suntec Reit | 1.85 | 2.1 | Buy | |
09/25/18 | Deutsche | UOL | 6.95 | 8.3 | Hold | |
09/25/18 | DMG & Partners | Valuetronics | 0.685 | 0.92 | Buy | DCF |
09/25/18 | OCBC | Wheelock Properties | 2.1 | 2.1 | Accept Offer | Accept offer if bought under $2.10 |
US risk-free rate is set to go much higher.
The US 10-year treasury yield has been consistently above 3% recently and is poised to go much higher because the US Fed will increase interest rates in the next Fed meeting.
A higher interest rate is bad for stocks because the future cash flow has to be discounted with a higher risk-free rate and this will make the stock valuation overly high.
A higher interest rate is bad for stocks because the future cash flow has to be discounted with a higher risk-free rate and this will make the stock valuation overly high.
Monday, September 24, 2018
China has started the new tariffs against US goods today.
https://sg.finance.yahoo.com/news/china-hikes-tariffs-us-imports-060526902.html
The US will also start its new tariffs against China goods tonight after China starts to impose the new tariffs.
The US will also start its new tariffs against China goods tonight after China starts to impose the new tariffs.
Dairy Farm - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/03/17 | DMG & Partners | Dairy Farm | 7.19 | 8.6 | Buy | DCF, PER21x FY17 |
01/12/17 | DMG & Partners | Dairy Farm | 7.26 | 8.5 | Buy | DCF |
01/20/17 | CIMB | Dairy Farm | 7.37 | 8.7 | Add | |
03/03/17 | CIMB | Dairy Farm | 8.44 | 9.18 | Add | PER23.7x CY18 |
03/06/17 | DBS Vickers | Dairy Farm | 8.51 | 9.96 | Buy | Sum of parts |
03/06/17 | DMG & Partners | Dairy Farm | 8.51 | 10 | Buy | DCF |
03/06/17 | Lim & Tan | Dairy Farm | 8.51 | 0 | Hold | PER23x |
03/16/17 | DIR | Dairy Farm | 8.95 | 10.3 | Outperform | PER26.5x FY17 |
05/02/17 | DMG & Partners | Dairy Farm | 8.9 | 10 | Buy | |
05/05/17 | CIMB | Dairy Farm | 8.89 | 9.18 | Add | PER23.7x CY18 |
06/16/17 | DMG & Partners | Dairy Farm | 8.04 | 10 | Buy | DCF, PER26x FY17 |
06/30/17 | DIR | Dairy Farm | 7.92 | 10.5 | Buy | PER26.5x FY17 |
07/04/17 | DMG & Partners | Dairy Farm | 7.95 | 10 | Buy | |
07/10/17 | DBS Vickers | Dairy Farm | 8.14 | 9.96 | Buy | |
08/02/17 | DMG & Partners | Dairy Farm | 8.02 | 10 | Buy | |
08/04/17 | CIMB | Dairy Farm | 8.06 | 9.18 | Add | PER23.7x CY18 |
08/07/17 | DIR | Dairy Farm | 7.72 | 10 | Buy | PER26.5x FY18 |
08/07/17 | DMG & Partners | Dairy Farm | 7.72 | 9.53 | Buy | DCF |
08/10/17 | DBS Vickers | Dairy Farm | 7.81 | 9.89 | Buy | Sum of parts |
09/14/17 | DIR | Dairy Farm | 8.06 | 10 | Buy | PER26.5x FY18 |
09/27/17 | phillip | Dairy Farm | 7.48 | 9.89 | Buy | Sum of parts |
11/29/17 | DMG & Partners | Dairy Farm | 8.31 | 9.53 | Buy | |
12/04/17 | phillip | Dairy Farm | 8.08 | 9.89 | Buy | |
12/19/17 | DMG & Partners | Dairy Farm | 7.94 | 9.53 | Buy | |
01/04/18 | DMG & Partners | Dairy Farm | 7.9 | 9.53 | Buy | DCF |
02/19/18 | DMG & Partners | Dairy Farm | 8.38 | 9.53 | Buy | DCF |
03/09/18 | CIMB | Dairy Farm | 8.21 | 8.4 | Hold | PER21x CY19 |
03/12/18 | phillip | Dairy Farm | 8.03 | 9.83 | Buy | Sum of parts |
03/12/18 | Lim & Tan | Dairy Farm | 8.03 | 0 | Hold | PER20x & 2.62% yield |
03/13/18 | DBS Vickers | Dairy Farm | 8.09 | 9.54 | Buy | Sum of parts |
03/27/18 | DMG & Partners | Dairy Farm | 9.1 | 9.16 | Buy | DCF |
03/28/18 | DBS Vickers | Dairy Farm | 8 | 9.77 | Buy | Sum of parts |
04/16/18 | phillip | Dairy Farm | 8.27 | 9.83 | Buy | |
04/16/18 | DMG & Partners | Dairy Farm | 8.27 | 9.16 | Buy | |
05/21/18 | DMG & Partners | Dairy Farm | 8.6 | 9.66 | Buy | DCF |
05/31/18 | CIMB | Dairy Farm | 8.95 | 9.55 | Add | |
06/05/18 | DBS Vickers | Dairy Farm | 8.9 | 9.77 | Buy | |
06/22/18 | DMG & Partners | Dairy Farm | 8.83 | 9.66 | Buy | |
07/16/18 | phillip | Dairy Farm | 9.29 | 9.83 | Buy | |
07/27/18 | DBS Vickers | Dairy Farm | 9.23 | 9.35 | Hold | Sum of parts |
07/30/18 | DMG & Partners | Dairy Farm | 9.15 | 9.6 | Neutral | DCF |
07/30/18 | CIMB | Dairy Farm | 9.15 | 9.55 | Hold | PER23.5x CY19 |
08/30/18 | DMG & Partners | Dairy Farm | 9.2 | 9.6 | Neutral | |
09/14/18 | CIMB | Dairy Farm | 9.1 | 9.55 | Hold |
CSE Global - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/27/17 | CIMB | CSE Global | 0.485 | 0.59 | Add | PER12x FY18 |
02/27/17 | DBS Vickers | CSE Global | 0.485 | 0.46 | Hold | PER9.6x, Ex-Cash |
03/13/17 | CIMB | CSE Global | 0.495 | 0.59 | Add | PER12x FY18 |
03/13/17 | OCBC | CSE Global | 0.495 | 0.44 | Hold | |
05/15/17 | CIMB | CSE Global | 0.5 | 0.56 | Add | PER12x FY18 |
06/15/17 | OCBC | CSE Global | 0.475 | 0.45 | Hold | |
07/25/17 | CIMB | CSE Global | 0.43 | 0.39 | Reduce | PER10x FY18 |
08/14/17 | CIMB | CSE Global | 0.395 | 0.32 | Reduce | PER10x FY18 |
11/10/17 | CIMB | CSE Global | 0.345 | 0.31 | Reduce | PER10x CY19 |
01/12/18 | CIMB | CSE Global | 0.37 | 0.31 | Reduce | PER10x CY19 |
02/26/18 | Lim & Tan | CSE Global | 0.345 | 0 | Buy | |
02/27/18 | CIMB | CSE Global | 0.37 | 0.39 | Hold | PER12x CY19 |
03/08/18 | CIMB | CSE Global | 0.37 | 0.39 | Hold | PER12x CY19 |
04/17/18 | CIMB | CSE Global | 0.42 | 0.44 | Hold | |
04/30/18 | Lim & Tan | CSE Global | 0.42 | 0.55 | Buy | DCF & DDM & RV |
05/02/18 | UOB Kay Hian | CSE Global | 0.415 | 0.58 | Buy | PER15x FY19 |
05/10/18 | UOB Kay Hian | CSE Global | 0.44 | 0.61 | Buy | PER15x FY19 |
05/14/18 | CIMB | CSE Global | 0.46 | 0.5 | Add | |
06/04/18 | UOB Kay Hian | CSE Global | 0.465 | 0.61 | Buy | |
07/04/18 | UOB Kay Hian | CSE Global | 0.425 | 0.61 | Buy | |
07/18/18 | CIMB | CSE Global | 0.44 | 0.5 | Add | PER13.5x CY19 |
08/15/18 | CIMB | CSE Global | 0.45 | 0.5 | Add | PER13.5x CY19 |
08/15/18 | UOB Kay Hian | CSE Global | 0.45 | 0.58 | Buy | PER15x FY19 |
09/03/18 | UOB Kay Hian | CSE Global | 0.445 | 0.58 | Buy | |
09/11/18 | UOB Kay Hian | CSE Global | 0.435 | 0.59 | Buy | PER15x FY19 |
Cromwell Reit (EUR) - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/18 | UBS | Cromwell Reit (EUR) | 0.555 | 0.62 | Buy | |
01/02/18 | Goldman Sachs | Cromwell Reit (EUR) | 0.555 | 0.58 | Neutral | DCF |
03/19/18 | DBS Vickers | Cromwell Reit (EUR) | 0.56 | 0.63 | Buy | |
04/10/18 | DBS Vickers | Cromwell Reit (EUR) | 0.59 | 0.63 | Buy | DCF |
05/11/18 | DBS Vickers | Cromwell Reit (EUR) | 0.61 | 0.66 | Buy | DCF |
08/14/18 | DBS Vickers | Cromwell Reit (EUR) | 0.595 | 0.66 | Buy | DCF |
Stock calls for 24 September 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
09/24/18 | OCBC | M1 | 1.63 | 1.65 | Hold | |
09/24/18 | Kim Eng | M1 | 1.63 | 1.63 | Hold | DCF |
09/24/18 | OCBC | Raffles Medical | 1.1 | 1.26 | Buy | |
09/24/18 | phillip | Sembcorp Industries | 3.03 | 3.7 | Buy | |
09/24/18 | CIMB | Valuetronics | 0.68 | 0.95 | Add | PER10x CY19 |
09/24/18 | Kim Eng | Valuetronics | 0.68 | 1.05 | Buy | ROE-g/COE-g, PB2.3x FY19 |
09/24/18 | Lim & Tan | Wheelock Properties | 2.17 | 2.1 | Accept Offer | For Short-Term Investors |
Sunday, September 23, 2018
China central bank had reduced offshore CNY supply recently.
The overnight rate for offshore CNY on 20 Sep 2018 was 2.953% but it jumped to 4.562% after China intervened in the money market using its SLF & MLF.
China central bank had created a shortage of CNY offshore and caused the overnight rate to spike tremendously. This is to prevent the renminbi from depreciating further because investors will find it more expensive to short the CNY.
Saturday, September 22, 2018
China has called off the trade talk with the USA.
https://sg.finance.yahoo.com/news/china-said-call-off-high-021200854.html
As predicted, China has called off the trade talk with the USA and we're back to square one.
https://sg-stock.blogspot.com/2018/09/look-like-upcoming-us-china-trade-talk.html
As predicted, China has called off the trade talk with the USA and we're back to square one.
https://sg-stock.blogspot.com/2018/09/look-like-upcoming-us-china-trade-talk.html
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