Date | Analyst | Company | Last | Target | Call | Valuation |
01/05/16 | UOB Kay Hian | Cache Logistics | 0.905 | 1.18 | Buy | |
01/08/16 | DBS Vickers | Cache Logistics | 0.895 | 1.05 | Buy | |
01/21/16 | phillip | Cache Logistics | 0.875 | 0.94 | Neutral | DDM, PB0.98x FY16 |
01/26/16 | DBS Vickers | Cache Logistics | 0.87 | 0.96 | Buy | |
01/26/16 | OCBC | Cache Logistics | 0.87 | 0.9 | Hold | |
01/27/16 | Kim Eng | Cache Logistics | 0.875 | 0.93 | Hold | |
01/27/16 | phillip | Cache Logistics | 0.875 | 0.82 | Reduce | |
02/02/16 | DMG & Partners | Cache Logistics | 0.865 | 0.86 | Neutral | |
03/07/16 | CIMB | Cache Logistics | 0.86 | 0.91 | Hold | |
03/09/16 | phillip | Cache Logistics | 0.845 | 0.78 | Reduce | DDM |
03/17/16 | DMG & Partners | Cache Logistics | 0.835 | 0.86 | Neutral | |
03/28/16 | Kim Eng | Cache Logistics | 0.84 | 0.93 | Hold | |
03/30/16 | OCBC | Cache Logistics | 0.83 | 0.88 | Buy | |
03/30/16 | UOB Kay Hian | Cache Logistics | 0.83 | 1.18 | Buy | DDM |
04/05/16 | Kim Eng | Cache Logistics | 0.855 | 0.94 | Buy | Yield 9% |
04/25/16 | CIMB | Cache Logistics | 0.89 | 0.94 | Hold | DDM |
04/25/16 | DBS Vickers | Cache Logistics | 0.89 | 0.93 | Buy | |
04/25/16 | OCBC | Cache Logistics | 0.89 | 0.95 | Buy | DDM |
04/25/16 | phillip | Cache Logistics | 0.89 | 0.78 | Reduce | DDM |
04/27/16 | UOB Kay Hian | Cache Logistics | 0.89 | 1.18 | Buy | |
05/17/16 | Kim Eng | Cache Logistics | 0.865 | 0.94 | Buy | |
06/01/16 | CIMB | Cache Logistics | 0.865 | 0.94 | Hold | |
06/01/16 | DMG & Partners | Cache Logistics | 0.865 | 0.86 | Neutral | |
06/01/16 | Kim Eng | Cache Logistics | 0.865 | 0.94 | Buy | Yield 9% |
07/04/16 | DMG & Partners | Cache Logistics | 0.865 | 0.86 | Neutral | |
07/18/16 | phillip | Cache Logistics | 0.875 | 0.78 | Reduce | |
07/18/16 | UOB Kay Hian | Cache Logistics | 0.875 | 1.21 | Buy | DDM |
07/21/16 | CIMB | Cache Logistics | 0.875 | 0.88 | Hold | DDM |
07/21/16 | Kim Eng | Cache Logistics | 0.875 | 0.94 | Buy | |
07/21/16 | OCBC | Cache Logistics | 0.875 | 0.95 | Buy | |
07/22/16 | DBS Vickers | Cache Logistics | 0.88 | 0.93 | Buy | |
07/25/16 | phillip | Cache Logistics | 0.895 | 0.85 | Neutral | DDM |
08/01/16 | UOB Kay Hian | Cache Logistics | 0.865 | 1.21 | Buy | |
08/16/16 | DBS Vickers | Cache Logistics | 0.885 | 0.93 | Buy | |
09/02/16 | OCBC | Cache Logistics | 0.91 | 0.95 | Buy | |
09/07/16 | UOB Kay Hian | Cache Logistics | 0.92 | 1.12 | Buy | DDM |
09/28/16 | DBS Vickers | Cache Logistics | 0.93 | 0.93 | Hold | |
09/29/16 | CIMB | Cache Logistics | 0.91 | 0.8 | Reduce | DDM |
09/29/16 | phillip | Cache Logistics | 0.91 | 0.81 | Reduce | DDM |
10/14/16 | phillip | Cache Logistics | 0.875 | 0.81 | Reduce | DDM |
10/24/16 | CIMB | Cache Logistics | 0.88 | 0.8 | Reduce | DDM |
10/25/16 | DBS Vickers | Cache Logistics | 0.865 | 0.93 | Hold | |
11/11/16 | phillip | Cache Logistics | 0.825 | 0.81 | Reduce | |
12/02/16 | phillip | Cache Logistics | 0.815 | 0.81 | Neutral | DDM |
12/05/16 | DMG & Partners | Cache Logistics | 0.815 | 0.86 | Neutral | |
12/06/16 | Kim Eng | Cache Logistics | 0.82 | 0.94 | Buy | |
12/09/16 | UOB Kay Hian | Cache Logistics | 0.81 | 0.99 | Buy | |
12/20/16 | phillip | Cache Logistics | 0.815 | 0.78 | Neutral | DDM |
01/09/17 | DBS Vickers | Cache Logistics | 0.82 | 0.93 | Hold | |
01/24/17 | CIMB | Cache Logistics | 0.81 | 0.71 | Reduce | DDM |
01/24/17 | DMG & Partners | Cache Logistics | 0.81 | 0.86 | Neutral | |
01/24/17 | OCBC | Cache Logistics | 0.81 | 0.78 | Hold | |
01/24/17 | UOB Kay Hian | Cache Logistics | 0.81 | 0.95 | Buy | DDM |
01/25/17 | DBS Vickers | Cache Logistics | 0.82 | 0.77 | Hold | DCF |
01/26/17 | phillip | Cache Logistics | 0.815 | 0.73 | Reduce | DDM |
02/20/17 | phillip | Cache Logistics | 0.81 | 0.73 | Reduce | |
02/23/17 | DBS Vickers | Cache Logistics | 0.82 | 0.77 | Hold | |
02/23/17 | DMG & Partners | Cache Logistics | 0.82 | 0.86 | Neutral | |
02/23/17 | OCBC | Cache Logistics | 0.82 | 0.78 | Hold | |
02/27/17 | phillip | Cache Logistics | 0.82 | 0.74 | Reduce | DDM |
02/28/17 | OCBC | Cache Logistics | 0.815 | 0.79 | Hold | Buy @ $0.75 or below |
03/07/17 | UOB Kay Hian | Cache Logistics | 0.815 | 0.95 | Buy | |
04/10/17 | CIMB | Cache Logistics | 0.88 | 0.71 | Reduce | |
04/11/17 | UOB Kay Hian | Cache Logistics | 0.88 | 0.95 | Buy | |
04/18/17 | Kim Eng | Cache Logistics | 0.86 | 0.95 | Hold | DDM |
04/21/17 | CIMB | Cache Logistics | 0.87 | 0.82 | Hold | |
04/21/17 | OCBC | Cache Logistics | 0.87 | 0.79 | Hold | |
04/21/17 | phillip | Cache Logistics | 0.87 | 0.75 | Reduce | DDM, PB0.98x FY17 |
04/24/17 | DBS Vickers | Cache Logistics | 0.885 | 0.77 | Hold | |
04/24/17 | DMG & Partners | Cache Logistics | 0.885 | 0.86 | Neutral | DDM |
05/08/17 | phillip | Cache Logistics | 0.88 | 0.75 | Reduce | |
05/25/17 | UOB Kay Hian | Cache Logistics | 0.89 | 0.96 | Hold | |
06/22/17 | Kim Eng | Cache Logistics | 0.905 | 0.95 | Hold | |
07/03/17 | Kim Eng | Cache Logistics | 0.92 | 0.95 | Hold | DDM |
07/12/17 | DMG & Partners | Cache Logistics | 0.935 | 0.86 | Neutral | |
07/24/17 | CIMB | Cache Logistics | 0.94 | 0.84 | Reduce | DDM |
07/24/17 | phillip | Cache Logistics | 0.94 | 0.86 | Neutral | DDM, PB1.12x FY17 |
07/24/17 | OCBC | Cache Logistics | 0.94 | 0.82 | Sell | |
07/24/17 | Religare | Cache Logistics | 0.94 | 0.95 | Buy | |
07/27/17 | DBS Vickers | Cache Logistics | 0.91 | 0.82 | Hold | |
09/06/17 | CIMB | Cache Logistics | 0.855 | 0.76 | Reduce | DDM |
09/06/17 | OCBC | Cache Logistics | 0.855 | 0.81 | Hold | Ex-right $0.78 (18 for 100 @ $0.632) |
09/12/17 | phillip | Cache Logistics | 0.825 | 0.82 | Neutral | DDM, PB1.09x FY17 |
09/21/17 | DMG & Partners | Cache Logistics | 0.815 | 0.86 | Neutral | DDM |
10/25/17 | Kim Eng | Cache Logistics | 0.84 | 0.85 | Hold | |
10/25/17 | phillip | Cache Logistics | 0.84 | 0.82 | Neutral | DDM, PB1.1x FY17 |
10/25/17 | DMG & Partners | Cache Logistics | 0.84 | 0.84 | Neutral | DDM |
10/25/17 | CIMB | Cache Logistics | 0.84 | 0.77 | Hold | DDM |
10/26/17 | OCBC | Cache Logistics | 0.845 | 0.78 | Hold | |
10/26/17 | DBS Vickers | Cache Logistics | 0.845 | 0.83 | Hold | |
11/01/17 | phillip | Cache Logistics | 0.82 | 0.82 | Neutral | DDM |
11/01/17 | DBS Vickers | Cache Logistics | 0.82 | 0.83 | Hold | |
11/02/17 | OCBC | Cache Logistics | 0.84 | 0.81 | Hold |
Monday, November 27, 2017
Cache Logistics - Stock calls
Stock calls for 27 November 2017
Date | Analyst | Company | Last | Target | Call | Valuation |
11/27/17 | DBS Vickers | Ascendas India Trust | 1.13 | 1.25 | Buy | DDM |
11/27/17 | Macquarie | Capitaland | 3.57 | 4.5 | Outperform | |
11/27/17 | DBS Vickers | City Developments | 12.24 | 14.03 | Buy | RNAV, PB1.2x |
11/27/17 | Macquarie | City Developments | 12.24 | 14.05 | Outperform | |
11/27/17 | DBS Vickers | Cityneon | 1.04 | 1.45 | Buy | |
11/27/17 | phillip | DBS | 25.1 | 29.3 | Buy | GGM, PB1.51x FY18 |
11/27/17 | DBS Vickers | Jumbo | 0.58 | 0.61 | Hold | PER23x FY18 |
11/27/17 | Lim & Tan | Jumbo | 0.58 | 0 | Neutral | |
11/27/17 | CIMB | Thai Beverage | 0.97 | 1.15 | Add | Sum of parts, PER24.8x FY18 |
11/27/17 | Phillip | Thai Beverage | 0.97 | 1.18 | Buy | Sum of parts, PER24.2x FY18 |
11/27/17 | UOB Kay Hian | Thai Beverage | 0.97 | 1.11 | Buy | Sum of parts |
11/27/17 | OCBC | Thai Beverage | 0.97 | 1.07 | Buy | Sum of parts |
11/27/17 | CIMB | Thai Beverage | 0.97 | 1.15 | Add | |
11/27/17 | NRA | Trendlines | 0.143 | 0.225 | Overweight | RNAV (20% discount) |
Singapore is starting to lose its financial hub status.
https://www.bloomberg.com/news/articles/2017-11-26/singapore-getting-snubbed-as-china-rules-asia-dollar-bond-market
More bond issuers are bypassing Singapore as they go to Hong Kong to issue their bonds. This is not a good news for Singapore as our financial pie will keep shrinking, leaving investors with fewer investment varieties. Consequently, this will force fixed income investors to seek better yield returns outside of Singapore and cause a shortage of liquidity in our local financial market. With the low liquidity, the cost of financing will have to rise to attract these investors to invest locally. Therefore, it will become a vicious cycle in the end.
More bond issuers are bypassing Singapore as they go to Hong Kong to issue their bonds. This is not a good news for Singapore as our financial pie will keep shrinking, leaving investors with fewer investment varieties. Consequently, this will force fixed income investors to seek better yield returns outside of Singapore and cause a shortage of liquidity in our local financial market. With the low liquidity, the cost of financing will have to rise to attract these investors to invest locally. Therefore, it will become a vicious cycle in the end.
The USA is begging for a war with North Korea.
https://sg.news.yahoo.com/russia-u-wants-provoke-north-042837267.html
We did report this in our 2 previous postings below in September.
https://sg-stock.blogspot.sg/2017/09/the-usa-is-just-setting-motion-for-war.html
https://sg-stock.blogspot.sg/2017/09/the-usa-is-begging-for-war-with-north.html
Therefore, it is not surprising that the Russian also reaches the same conclusion as it's pretty obvious to see through the USA's motive.
We did report this in our 2 previous postings below in September.
https://sg-stock.blogspot.sg/2017/09/the-usa-is-just-setting-motion-for-war.html
https://sg-stock.blogspot.sg/2017/09/the-usa-is-begging-for-war-with-north.html
Therefore, it is not surprising that the Russian also reaches the same conclusion as it's pretty obvious to see through the USA's motive.
Travel alert to Bali again!
https://sg.news.yahoo.com/thousands-tourists-stranded-bali-airport-011632420.html
This volcano is erupting again!
Bali airport is closed for now.
We posted this before in our previous posting.
https://sg-stock.blogspot.sg/2017/09/travel-alert-to-bali.html
This volcano is erupting again!
Bali airport is closed for now.
We posted this before in our previous posting.
https://sg-stock.blogspot.sg/2017/09/travel-alert-to-bali.html
Saturday, November 25, 2017
Baltic dry index - 1458
Today, Friday, November 24 2017, the Baltic Dry Index climbed by 13 points, reaching 1458 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.
=================
Related stocks: Sembcorp Marine, Cosco & Pan Ocean.
US rig count - 923
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 923.
That’s up from the 593 rigs that were active a year ago.
Houston oilfield services company Baker Hughes said Wednesday that 747 rigs sought oil and 176 explored for natural gas this week. The weekly tabulation, normally released on Friday, was distributed early this week because of the Thanksgiving holiday.
Among major oil- and gas-producing states, Wyoming gained four rigs while Colorado, Louisiana, New Mexico and Texas were up one apiece.
Utah declined by one.
Alaska, Arkansas, California, North Dakota, Ohio, Oklahoma, Pennsylvania and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
=====================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, November 24, 2017
Bund Centre - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
05/19/16 | DMG & Partners | Bund Centre | 0.803 | 1.11 | Buy | RNAV (60% discount) |
04/11/17 | DMG & Partners | Bund Centre | 0.78 | 1.04 | Buy | RNAV (60% discount) |
Bumitama - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/26/16 | Deutsche | Bumitama | 0.69 | 1.33 | Buy | |
02/23/16 | DBS Vickers | Bumitama | 0.765 | 0.95 | Buy | |
02/24/16 | DBS Vickers | Bumitama | 0.765 | 0.96 | Buy | |
02/24/16 | DMG & Partners | Bumitama | 0.765 | 1.1 | Buy | |
02/24/16 | Kim Eng | Bumitama | 0.765 | 0.85 | Buy | PER13x FY16 |
02/24/16 | UOB Kay Hian | Bumitama | 0.765 | 1.1 | Buy | PER15x FY16 |
03/23/16 | UOB Kay Hian | Bumitama | 0.925 | 1.1 | Buy | PER15x FY16 |
03/31/16 | UOB Kay Hian | Bumitama | 0.92 | 1.3 | Buy | |
04/11/16 | DBS Vickers | Bumitama | 0.855 | 0.96 | Buy | |
04/22/16 | UOB Kay Hian | Bumitama | 0.86 | 1.3 | Buy | |
04/25/16 | Deutsche | Bumitama | 0.84 | 1.2 | Buy | |
04/25/16 | Kim Eng | Bumitama | 0.84 | 0.85 | Hold | PER13x FY16 |
05/06/16 | UOB Kay Hian | Bumitama | 0.765 | 1.3 | Buy | PER15x FY17 |
05/16/16 | DBS Vickers | Bumitama | 0.785 | 0.96 | Buy | |
05/16/16 | DMG & Partners | Bumitama | 0.785 | 1 | Buy | PER15x FY16 |
05/16/16 | Kim Eng | Bumitama | 0.785 | 0.8 | Hold | PER13x FY16 |
06/15/16 | UOB Kay Hian | Bumitama | 0.81 | 1.3 | Buy | |
07/14/16 | DBS Vickers | Bumitama | 0.74 | 0.91 | Hold | |
07/14/16 | UOB Kay Hian | Bumitama | 0.74 | 1.3 | Buy | |
07/22/16 | Kim Eng | Bumitama | 0.75 | 0.77 | Hold | PER13x FY16 |
07/22/16 | UOB Kay Hian | Bumitama | 0.75 | 1.25 | Buy | PER15x FY17 |
07/27/16 | DMG & Partners | Bumitama | 0.74 | 0.81 | Neutral | Cut from $0.95 |
08/08/16 | DBS Vickers | Bumitama | 0.685 | 0.81 | Buy | DCF |
08/08/16 | DMG & Partners | Bumitama | 0.685 | 0.75 | Neutral | |
08/08/16 | UOB Kay Hian | Bumitama | 0.685 | 1.25 | Buy | PER15x FY17 |
09/05/16 | UOB Kay Hian | Bumitama | 0.72 | 1.25 | Buy | PER15x FY17 |
09/15/16 | DBS Vickers | Bumitama | 0.72 | 0.81 | Buy | |
10/03/16 | UOB Kay Hian | Bumitama | 0.725 | 1.25 | Buy | PER15x FY17 |
10/06/16 | Kim Eng | Bumitama | 0.735 | 0.97 | Buy | |
10/25/16 | DBS Vickers | Bumitama | 0.715 | 0.99 | Buy | DCF |
11/15/16 | Kim Eng | Bumitama | 0.765 | 0.97 | Buy | PER14x FY17 |
11/16/16 | DBS Vickers | Bumitama | 0.765 | 0.95 | Buy | DCF |
11/16/16 | UOB Kay Hian | Bumitama | 0.765 | 1.25 | Buy | PER15x FY17 |
12/05/16 | UOB Kay Hian | Bumitama | 0.785 | 1.25 | Buy | |
12/07/16 | Deutsche | Bumitama | 0.8 | 1.2 | Buy | |
12/13/16 | Kim Eng | Bumitama | 0.81 | 0.97 | Buy | PER14x FY17 |
01/10/17 | UOB Kay Hian | Bumitama | 0.8 | 1.25 | Buy | PER15x FY17 |
01/11/17 | DBS Vickers | Bumitama | 0.81 | 0.95 | Buy | |
01/11/17 | DMG & Partners | Bumitama | 0.81 | 0.75 | Neutral | |
01/11/17 | Kim Eng | Bumitama | 0.81 | 0.97 | Buy | PER14x FY17 |
02/06/17 | DMG & Partners | Bumitama | 0.795 | 0.85 | Neutral | PER13x FY17 |
02/08/17 | UOB Kay Hian | Bumitama | 0.795 | 1.25 | Buy | PER15x FY17 |
02/13/17 | DBS Vickers | Bumitama | 0.815 | 0.95 | Buy | |
02/27/17 | DBS Vickers | Bumitama | 0.785 | 0.99 | Buy | DCF |
02/27/17 | Kim Eng | Bumitama | 0.785 | 0.96 | Buy | PER14x FY17 |
03/03/17 | UOB Kay Hian | Bumitama | 0.785 | 1.25 | Buy | |
03/09/17 | DMG & Partners | Bumitama | 0.83 | 0.88 | Neutral | |
03/31/17 | DMG & Partners | Bumitama | 0.795 | 0.89 | Buy | PER13x FY17 |
04/10/17 | DBS Vickers | Bumitama | 0.795 | 0.99 | Buy | |
04/11/17 | DMG & Partners | Bumitama | 0.785 | 0.89 | Buy | |
05/08/17 | UOB Kay Hian | Bumitama | 0.73 | 1.25 | Buy | PER15x FY17 |
05/16/17 | DMG & Partners | Bumitama | 0.75 | 0.89 | Buy | PER13x FY17 |
05/16/17 | Kim Eng | Bumitama | 0.75 | 0.96 | Buy | PER14x FY17 |
05/17/17 | DBS Vickers | Bumitama | 0.785 | 0.99 | Buy | DCF |
06/29/17 | UOB Kay Hian | Bumitama | 0.76 | 1.03 | Buy | |
07/11/17 | DBS Vickers | Bumitama | 0.75 | 0.99 | Buy | |
08/11/17 | Kim Eng | Bumitama | 0.705 | 0.96 | Buy | PER14x FY17 |
08/15/17 | DMG & Partners | Bumitama | 0.7 | 0.89 | Buy | PER13x FY17 |
08/16/17 | UOB Kay Hian | Bumitama | 0.735 | 1.03 | Buy | PER13x FY18 |
08/16/17 | DMG & Partners | Bumitama | 0.735 | 0.85 | Buy | PER11x FY18 |
08/16/17 | DBS Vickers | Bumitama | 0.735 | 0.94 | Buy | DCF, PER13.7x FY18 |
09/11/17 | Kim Eng | Bumitama | 0.72 | 0.96 | Buy | |
09/13/17 | DBS Vickers | Bumitama | 0.715 | 0.94 | Buy | |
09/20/17 | UOB Kay Hian | Bumitama | 0.74 | 1.03 | Buy | PER13x FY18 |
09/27/17 | DMG & Partners | Bumitama | 0.74 | 0.85 | Buy | PER11x FY18 |
10/11/17 | Kim Eng | Bumitama | 0.73 | 0.95 | Buy | PER14x FY17 |
10/24/17 | UOB Kay Hian | Bumitama | 0.74 | 1.03 | Buy | PER13x FY18 |
11/13/17 | Kim Eng | Bumitama | 0.805 | 0.95 | Buy | |
11/13/17 | DBS Vickers | Bumitama | 0.805 | 0.94 | Buy | DCF, PER13.7x FY18 |
11/15/17 | Kim Eng | Bumitama | 0.835 | 0.95 | Buy | PER14x FY17 |
11/15/17 | DMG & Partners | Bumitama | 0.835 | 0.95 | Buy | PER12x FY18 |
11/15/17 | UOB Kay Hian | Bumitama | 0.835 | 1.03 | Buy | PER13x FY18 |
11/15/17 | Credit Suisse | Bumitama | 0.835 | 1 | Outperform |
Stock calls for 24 November 2017
Date | Analyst | Company | Last | Target | Call | Valuation |
11/24/17 | Lim & Tan | Keppel Corp | 7.59 | 0 | Buy | |
11/24/17 | DBS Vickers | Thai Beverage | 0.94 | 1.07 | Buy | |
11/24/17 | OCBC | Wheelock Properties | 1.91 | 2.27 | Buy |
OMG! Noble Group bankruptcy is getting real as its shares slump to its lowest price.
https://www.bloomberg.com/news/articles/2017-11-24/noble-group-shares-slump-as-company-transfers-stock-to-ex-staff
The share price slump will definitely make it extremely difficult for Noble to raise funds or secure more credit facilities from the banks. There is no way Noble can survive without a financial restructure.
It's pretty obvious that the prognosis is very bleak. Let's recap from our previous postings.
Noble has a high debt in which it has difficulty in servicing.
Noble is producing negative cash flows.
Noble top honchos have left.
Noble is selling its golden gooses and this will saddle Noble with income losing assets.
Noble has its credit standings downgraded by all the credit rating firms.
Noble has lost a big credit facility supporter (DBS).
Noble is losing billions in 2017.
The share price slump will definitely make it extremely difficult for Noble to raise funds or secure more credit facilities from the banks. There is no way Noble can survive without a financial restructure.
It's pretty obvious that the prognosis is very bleak. Let's recap from our previous postings.
Noble has a high debt in which it has difficulty in servicing.
Noble is producing negative cash flows.
Noble top honchos have left.
Noble is selling its golden gooses and this will saddle Noble with income losing assets.
Noble has its credit standings downgraded by all the credit rating firms.
Noble has lost a big credit facility supporter (DBS).
Noble is losing billions in 2017.
Goldman Sachs vs Societe Generale
https://finance.yahoo.com/news/goldman-sachs-forecasts-sp-500-will-rise-11-2018-135706308.html
Goldman Sachs states that S&P 500 will rise to 2850 in 2018.
However, SocGen has a different view and states that S&P 500 will end at 2500 in 2018.
https://www.marketwatch.com/story/think-us-stocks-will-keep-rallying-into-2018-not-so-fast-says-socgen-2017-11-23?siteid=yhoof2&yptr=yahoo
Only time will tell who is right. Let's see how this will pan out.
Goldman Sachs states that S&P 500 will rise to 2850 in 2018.
However, SocGen has a different view and states that S&P 500 will end at 2500 in 2018.
https://www.marketwatch.com/story/think-us-stocks-will-keep-rallying-into-2018-not-so-fast-says-socgen-2017-11-23?siteid=yhoof2&yptr=yahoo
Only time will tell who is right. Let's see how this will pan out.
Thursday, November 23, 2017
Most Singaporeans do not believe in the Transportation Minister Khaw.
https://sg.news.yahoo.com/singaporeans-doubt-told-truth-mrt-issues-survey-060033782.html
The survey shows that most Singaporeans do not trust or believe in Minister Khaw. Khaw was labelled as the S$8 dollar man in the past because he said medical cost was cheap in SG as he only paid S$8 for his heart surgery. However, there was never any S$8 medical plan for ordinary Singaporeans. A simple x-ray would cost at least S$15 in SG.
I think the Singapore government has lost touch with the people on the ground again. Attributing the SMRT failures to ground employees and French Thales computer system is akin to disavow the political responsibility and governance because SMRT has been nationalized. The government made a grave mistake to list public transportation by claiming that doing so would improve the transportation services and facilities. However, the SMRT CEO focused on P&L because the pay & bonus were based on financial performances instead of safety and better services. In the end, the government had no choice but to nationalize SMRT due to frequent breakdowns, delays and accidents.
The survey shows that most Singaporeans do not trust or believe in Minister Khaw. Khaw was labelled as the S$8 dollar man in the past because he said medical cost was cheap in SG as he only paid S$8 for his heart surgery. However, there was never any S$8 medical plan for ordinary Singaporeans. A simple x-ray would cost at least S$15 in SG.
I think the Singapore government has lost touch with the people on the ground again. Attributing the SMRT failures to ground employees and French Thales computer system is akin to disavow the political responsibility and governance because SMRT has been nationalized. The government made a grave mistake to list public transportation by claiming that doing so would improve the transportation services and facilities. However, the SMRT CEO focused on P&L because the pay & bonus were based on financial performances instead of safety and better services. In the end, the government had no choice but to nationalize SMRT due to frequent breakdowns, delays and accidents.
Bukit Sembawang - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/02/17 | DBS Vickers | Bukit Sembawang | 4.85 | 7.55 | Buy | Takeover target |
Breadtalk - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/08/16 | OCBC | Breadtalk | 1.1 | 1.09 | Sell | |
02/26/16 | DIR | Breadtalk | 1.04 | 1.18 | Outperform | PER19.6x FY16 |
02/26/16 | OCBC | Breadtalk | 1.04 | 0.96 | Sell | PER23x FY16 |
03/22/16 | OCBC | Breadtalk | 1.05 | 0.96 | Sell | |
05/04/16 | OCBC | Breadtalk | 1.135 | 0.96 | Sell | |
05/10/16 | DIR | Breadtalk | 1.17 | 1.28 | Outperform | |
05/11/16 | DMG & Partners | Breadtalk | 1.15 | 1.42 | Buy | EV/Ebitda6x FY16 |
06/13/16 | OCBC | Breadtalk | 1.15 | 0.96 | Sell | |
07/08/16 | DMG & Partners | Breadtalk | 1.135 | 1.45 | Buy | EV/Ebitda6x FY16 |
07/15/16 | DIR | Breadtalk | 1.14 | 1.28 | Outperform | PER19.6x FY16 |
08/04/16 | OCBC | Breadtalk | 1.12 | 0.96 | Sell | |
08/05/16 | DIR | Breadtalk | 1.1 | 1.17 | Outperform | PER19.6x FY16 |
08/05/16 | DMG & Partners | Breadtalk | 1.1 | 1.45 | Buy | |
08/08/16 | OCBC | Breadtalk | 1.065 | 0.99 | Sell | PER23x FY16/17 |
10/03/16 | OCBC | Breadtalk | 1.005 | 0.99 | Sell | |
11/04/16 | DIR | Breadtalk | 1 | 1.13 | Outperform | PER16.7x FY17 |
11/04/16 | OCBC | Breadtalk | 1 | 1.07 | Hold | PER23x FY16/17 |
11/17/16 | DMG & Partners | Breadtalk | 1.09 | 1.45 | Buy | |
01/02/17 | DIR | Breadtalk | 1.285 | 1.42 | Outperform | PER20.9x FY17 |
01/03/17 | DMG & Partners | Breadtalk | 1.16 | 1.45 | Buy | EV/Ebitda5x FY17, PER16.5x FY17 |
01/26/17 | OCBC | Breadtalk | 1.225 | 1.07 | Hold | PER23x FY17 |
02/24/17 | DMG & Partners | Breadtalk | 1.31 | 1.5 | Buy | EV/Ebitda 6x FY17 |
02/24/17 | OCBC | Breadtalk | 1.31 | 1.21 | Hold | PER24x FY17 |
04/04/17 | DBS Vickers | Breadtalk | 1.355 | 1.69 | Buy | |
05/04/17 | DIR | Breadtalk | 1.395 | 1.53 | Outperform | PER20.9x FY17 |
05/04/17 | DMG & Partners | Breadtalk | 1.395 | 1.6 | Buy | EV/Ebitda 6x FY17 |
05/04/17 | OCBC | Breadtalk | 1.395 | 1.21 | Hold | |
06/09/17 | DBS Vickers | Breadtalk | 1.65 | 1.92 | Buy | Sum of parts |
07/04/17 | DMG & Partners | Breadtalk | 1.515 | 1.6 | Buy | |
08/01/17 | DBS Vickers | Breadtalk | 1.75 | 1.92 | Buy | |
08/03/17 | DMG & Partners | Breadtalk | 1.795 | 1.83 | Neutral | EV/Ebitda 6x FY18 |
08/03/17 | DBS Vickers | Breadtalk | 1.795 | 2.04 | Buy | PER18x FY18 |
10/31/17 | DBS Vickers | Breadtalk | 1.555 | 2.04 | Buy | |
11/06/17 | DMG & Partners | Breadtalk | 1.615 | 1.83 | Buy | EV/Ebitda 6x FY18 |
11/07/17 | DBS Vickers | Breadtalk | 1.605 | 2.01 | Buy | Sum of parts |
Stock calls for 23 November 2017
11/23/17 | OCBC | M1 | 1.77 | 1.65 | Hold | |
11/23/17 | DBS Vickers | OCBC | 12.01 | 13.5 | Buy | GGM, PB1.3x FY18 |
Huat ah! Singapore economic growth for Q3 2017 is 5.2%.
http://www.channelnewsasia.com/news/business/singapore-revises-up-growth-forecast-for-2017-as-q3-gdp-grows-5-9431172
Singapore economic growth is 5.2% in Q3 2017 because of exceptionally good exports, especially to China. Therefore, MTI is forecasting a 3.5% economic growth for 2017.
SG is doing tremendously well because of external factors which are basically international trading. China has become the most important market for SG as it is our largest trading partner and the trading between China & SG is burgeoning.
Therefore, if there is a significant slowdown in China, SG will be badly impacted as there is no other country that can pick up the slack. The bottom line is SG is heavily dependent on China now.
Singapore economic growth is 5.2% in Q3 2017 because of exceptionally good exports, especially to China. Therefore, MTI is forecasting a 3.5% economic growth for 2017.
SG is doing tremendously well because of external factors which are basically international trading. China has become the most important market for SG as it is our largest trading partner and the trading between China & SG is burgeoning.
Therefore, if there is a significant slowdown in China, SG will be badly impacted as there is no other country that can pick up the slack. The bottom line is SG is heavily dependent on China now.
Wednesday, November 22, 2017
Singapore government is going to increase taxes in the future!
https://www.channelnewsasia.com/news/singapore/pm-lee-hsien-loong-tax-hike-dpm-tharman-mof-9427760
PM Lee is trying to prepare us to accept the impending tax increments in the future.
However, Tharman said in 2015 budgetary speech that SG had enough provision for this decade.
http://sg-stock.blogspot.sg/2017/02/dpm-tharman-said-that-government-had.html
Well, I guess we're on different time scales as the government's timescale is a lot faster.
PM Lee is trying to prepare us to accept the impending tax increments in the future.
However, Tharman said in 2015 budgetary speech that SG had enough provision for this decade.
http://sg-stock.blogspot.sg/2017/02/dpm-tharman-said-that-government-had.html
Well, I guess we're on different time scales as the government's timescale is a lot faster.
Boustead Projects - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/27/17 | CIMB | Boustead Projects | 0.805 | 1.04 | Add | RNAV (40% discount) |
05/24/17 | CIMB | Boustead Projects | 0.86 | 1.04 | Add | RNAV (40% discount) |
Boustead - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/17/16 | CIMB | Boustead | 0.76 | 0.85 | Add | Sum of parts (25% discount) |
05/18/16 | CIMB | Boustead | 0.755 | 0.85 | Add | |
08/17/16 | CIMB | Boustead | 0.77 | 0.85 | Add | Sum of parts (25% discount) |
05/24/17 | CIMB | Boustead | 0.88 | 0.96 | Add | Sum of parts (20% discount) |
Stock calls for 22 November 2017
Date | Analyst | Company | Last | Target | Call | Valuation |
11/22/17 | OCBC | Hutchison Port | 0.42 | 0.42 | Hold | Buy @ $0.39 |
11/22/17 | Lim & Tan | MIT | 0.245 | 0.32 | Buy | PER8x FY18 |
11/22/17 | UOB Kay Hian | Oxley | 0.655 | 0.74 | Buy | RNAV (20% discount) |
11/22/17 | OCBC | Roxy-Pacific | 0.52 | 0.52 | Hold | |
11/22/17 | Macquarie | Singtel | 3.69 | 4.32 | Outperform |
China financial regulations are hurting Alibaba's businesses.
https://finance.yahoo.com/news/china-suspends-approval-internet-micro-loan-firms-sources-150618137--sector.html
Alibaba's ANT Financial and Qudian took a hit after China clamped down on micro-loan market.
As we can see, Alipay and ANT Financial are impacted by China regulations.
Alibaba's ANT Financial and Qudian took a hit after China clamped down on micro-loan market.
As we can see, Alipay and ANT Financial are impacted by China regulations.
China government is targeting Jack Ma of Alibaba now.
http://sg-stock.blogspot.sg/2017/07/political-battles-are-playing-out-in.html
We stated this before in our previous post above. Therefore, we are providing the update now.
China actress Zhaowei made her first pot of investment gain from Alibaba pictures by manipulating the stock prices with some hype news and she was caught this time by performing the same trick again. She was trying to take control of a 10B RMB company with 3B RMB cash but the China regulator believed she didn't have so much money for the takeover and investigated her money sources. It turned out that she took a 1.5B RMB bank loan and also got a 1.5B RMB personal loan. There was a rumour that the personal loan might come from Jiang Zemin's financial controller who was residing in HK or Jack Ma who was also closely associated with Jiang Zemin. Therefore, China regulator fined and banned her from the stock market for 5 years.
Zhaowei's husband is also a person of interest to the China authority because he was a chauffeur to a corrupted China official prior to his marriage to Zhaowei. The chauffeur became rich overnight and married Zhaowei. The China authority believed he was laundering money for the corrupted China official. Therefore, the China authority is keeping a tab on this couple.
https://www.reuters.com/article/us-china-zhaowei-trading-ban/china-bars-billionaire-actress-zhao-wei-from-stock-trading-for-five-years-idUSKBN1DA0T1
China's central bank has already outlined that all mobile payment systems must go through a central clearinghouse because China wants to keep track and monitor all the monies that flow in and out of China. Therefore, Alipay is no longer an unbridled conduit to move money without the knowledge of the government. The government is also investigating Alipay for Jiang Zemin's funds.
https://www.ft.com/content/3bcb5150-7cce-11e7-9108-edda0bcbc928
Jiang Zemin had been trying to disrupt China's economy to dethrone Xi Jinping's and wished to take over the leadership with his own henchman. Therefore, he had been funding many "entrepreneurs" and making them super rich to increase his own influences in China. This is the reason for the falls of many billionaires in China recently.
Jiang Zemin tried to cause the stock market to collapse but to no avail so far. Then, he tried to destabilize the China financial system by getting his "entrepreneurs" to take huge local loans in billions to buy overseas assets (companies and assets) without any prudent financial consideration. Through this method, he could cash out the overseas assets at a later date and leave the colossal debts to China with no payback intention. This would definitely crash China financial system in the future.
Subsequently, President Xi got wind of Jiang's intention and action and started to control the outflows of money with many financial regulations.
If you look at the latest Jack Ma's movie, he was apologizing and asking for mercy from the POLICE at the end of the movie for the mistake he had made. Many people said that he was sending a subtle message to the China's authority through this movie.
http://sg-stock.blogspot.sg/2017/11/alibaba-jack-mas-movie.html
We stated this before in our previous post above. Therefore, we are providing the update now.
China actress Zhaowei made her first pot of investment gain from Alibaba pictures by manipulating the stock prices with some hype news and she was caught this time by performing the same trick again. She was trying to take control of a 10B RMB company with 3B RMB cash but the China regulator believed she didn't have so much money for the takeover and investigated her money sources. It turned out that she took a 1.5B RMB bank loan and also got a 1.5B RMB personal loan. There was a rumour that the personal loan might come from Jiang Zemin's financial controller who was residing in HK or Jack Ma who was also closely associated with Jiang Zemin. Therefore, China regulator fined and banned her from the stock market for 5 years.
Zhaowei's husband is also a person of interest to the China authority because he was a chauffeur to a corrupted China official prior to his marriage to Zhaowei. The chauffeur became rich overnight and married Zhaowei. The China authority believed he was laundering money for the corrupted China official. Therefore, the China authority is keeping a tab on this couple.
https://www.reuters.com/article/us-china-zhaowei-trading-ban/china-bars-billionaire-actress-zhao-wei-from-stock-trading-for-five-years-idUSKBN1DA0T1
China's central bank has already outlined that all mobile payment systems must go through a central clearinghouse because China wants to keep track and monitor all the monies that flow in and out of China. Therefore, Alipay is no longer an unbridled conduit to move money without the knowledge of the government. The government is also investigating Alipay for Jiang Zemin's funds.
https://www.ft.com/content/3bcb5150-7cce-11e7-9108-edda0bcbc928
Jiang Zemin had been trying to disrupt China's economy to dethrone Xi Jinping's and wished to take over the leadership with his own henchman. Therefore, he had been funding many "entrepreneurs" and making them super rich to increase his own influences in China. This is the reason for the falls of many billionaires in China recently.
Jiang Zemin tried to cause the stock market to collapse but to no avail so far. Then, he tried to destabilize the China financial system by getting his "entrepreneurs" to take huge local loans in billions to buy overseas assets (companies and assets) without any prudent financial consideration. Through this method, he could cash out the overseas assets at a later date and leave the colossal debts to China with no payback intention. This would definitely crash China financial system in the future.
Subsequently, President Xi got wind of Jiang's intention and action and started to control the outflows of money with many financial regulations.
If you look at the latest Jack Ma's movie, he was apologizing and asking for mercy from the POLICE at the end of the movie for the mistake he had made. Many people said that he was sending a subtle message to the China's authority through this movie.
http://sg-stock.blogspot.sg/2017/11/alibaba-jack-mas-movie.html
Tuesday, November 21, 2017
Malaysia has called for KL-SG HSR tender on 22 November.
https://asia.nikkei.com/Markets/Nikkei-Markets/Malaysia-To-Invite-Pitches-For-KL-Singapore-High-Speed-Rail-Project-Lead
China will definitely participate in this KL-SG HSR tender in Malaysia after completing the HSR presentation in SG.
China will definitely participate in this KL-SG HSR tender in Malaysia after completing the HSR presentation in SG.
Subscribe to:
Posts (Atom)