Date | Analyst | Company | Last | Target | Call | Valuation |
05/30/19 | UOB Kay Hian | CapitaCommercial | 1.95 | 2.16 | Buy | |
05/30/19 | phillip | Clearbridge | 0.149 | 0.28 | Buy | DCF |
05/30/19 | DMG & Partners | Dairy Farm | 7.83 | 8.25 | Neutral | DCF |
05/30/19 | UOB Kay Hian | Keppel Reit | 1.21 | 1.37 | Buy | |
05/30/19 | OCBC | Sembcorp Marine | 1.45 | 1.6 | Hold | PB1.45x |
05/30/19 | OCBC | Suntec Reit | 1.82 | 1.99 | Hold | Buy @ $1.81 |
Thursday, May 30, 2019
Stock calls for 30 May 2019
The US broke promise on South China Sea.
https://www.channelnewsasia.com/news/asia/president-xi-jinping-broke-promise-on-south-china-sea-us-general-11578314
It was the US who broke the promise on the South China Sea. We reported this in our previous post below.
http://sg-stock.blogspot.com/2018/11/a-1947-map-showed-that-south-china-sea.html
Furthermore, it was the US Navy that accompanied China to reclaim the South China Sea islands after WW2. China has the documentation and pictures to prove this reclamation in the South China Sea. Who wouldn't take pictures of this historical event back then?
It was the US who broke the promise on the South China Sea. We reported this in our previous post below.
http://sg-stock.blogspot.com/2018/11/a-1947-map-showed-that-south-china-sea.html
Furthermore, it was the US Navy that accompanied China to reclaim the South China Sea islands after WW2. China has the documentation and pictures to prove this reclamation in the South China Sea. Who wouldn't take pictures of this historical event back then?
A pro-China Malaysia is a threat to Singapore economically. Why?
https://www.asiaone.com/malaysia/mahathir-says-malaysia-will-use-huawei-much-possible
A pro-China Malaysia is a threat to SG because it will render SG a less strategic partner to China.
Currently, China trusts Malaysia more than SG despite having some hiccups with Malaysia. The ECRL, BKK-KL HSR and Melaka Gateway projects display the strategic alliance and trust between China and Malaysia. Furthermore, Malaysia has bought China military armaments while SG has not because the US doesn't allow it.
Although SG is a Chinese majority country and Chinese-speaking nation, China trusts a Malay-speaking Malaysia more than SG now. Speaking the same language used to be an advantage but China had become smarter. China only believes in what you do, not what you say anymore. This puts SG in a much lower priority than Malaysia since actions speak louder than words. Thus, a pro-China Malaysia will start to erode SG economically over time.
A pro-China Malaysia is a threat to SG because it will render SG a less strategic partner to China.
Currently, China trusts Malaysia more than SG despite having some hiccups with Malaysia. The ECRL, BKK-KL HSR and Melaka Gateway projects display the strategic alliance and trust between China and Malaysia. Furthermore, Malaysia has bought China military armaments while SG has not because the US doesn't allow it.
Although SG is a Chinese majority country and Chinese-speaking nation, China trusts a Malay-speaking Malaysia more than SG now. Speaking the same language used to be an advantage but China had become smarter. China only believes in what you do, not what you say anymore. This puts SG in a much lower priority than Malaysia since actions speak louder than words. Thus, a pro-China Malaysia will start to erode SG economically over time.
How did the US fudge the US-China trade data?
The US claimed that it exported US$120B goods to China in 2018 but excluded the US$37.5B HK exports. HK is part of China but the US doesn't include the HK trade data in the US-China trade data. Furthermore, the US also didn't include the exported US services to China (US$72B including HK) because it wanted to exaggerate the US-China trade deficit.
For your information, I culled and calculated the aforesaid figures from the US census bureau website.
Thus, in total, the US exported US$229.5B worth of goods and services to China in 2018 which was almost double the trade figure that was stated by the US.
The US also will exclude military sales from the trade data and this exclusion will benefit the US since it is a large military weapons exporter. The US-SG goods trade deficit in 2018 was US$5.9B but the US-SG services trade surplus was US$12.4B. Therefore, the US had a trade surplus of US$6.5B (nett figure) with SG in 2018. However, this US trade surplus of US$6.5B was an understatement because SG bought a lot of US military weapons which were excluded from the trade data.
https://ustr.gov/countries-regions/southeast-asia-pacific/singapore
The ungrateful US keeps talking about the US-SG goods trade deficit and puts SG on its currency watchlist without any valid reason. Who is the real victim here when SG has a total trade deficit of US$6.5B with the US (excludes military sales)?
http://sg-stock.blogspot.com/2019/05/the-us-is-targeting-singapore-malaysia.html
For your information, I culled and calculated the aforesaid figures from the US census bureau website.
Thus, in total, the US exported US$229.5B worth of goods and services to China in 2018 which was almost double the trade figure that was stated by the US.
The US also will exclude military sales from the trade data and this exclusion will benefit the US since it is a large military weapons exporter. The US-SG goods trade deficit in 2018 was US$5.9B but the US-SG services trade surplus was US$12.4B. Therefore, the US had a trade surplus of US$6.5B (nett figure) with SG in 2018. However, this US trade surplus of US$6.5B was an understatement because SG bought a lot of US military weapons which were excluded from the trade data.
https://ustr.gov/countries-regions/southeast-asia-pacific/singapore
The ungrateful US keeps talking about the US-SG goods trade deficit and puts SG on its currency watchlist without any valid reason. Who is the real victim here when SG has a total trade deficit of US$6.5B with the US (excludes military sales)?
http://sg-stock.blogspot.com/2019/05/the-us-is-targeting-singapore-malaysia.html
Rare earth processing is not so easy.
https://sg.finance.yahoo.com/news/china-set-control-rare-earth-011355016.html
Rare earth processing is an esoteric industry because it is highly toxic and will pollute the environment. Furthermore, there are very few talented people who possess such knowledge.
It is estimated that there are about 100 PHD holders in this specialized field in China. However, there is no such talent outside of China. This is the reason that China is able to dominate this field with its rare earth processing knowledge. Thus, the US must be stealing information and knowledge from China if it is able to develop any advanced processing capability.
Rare earth processing is an esoteric industry because it is highly toxic and will pollute the environment. Furthermore, there are very few talented people who possess such knowledge.
It is estimated that there are about 100 PHD holders in this specialized field in China. However, there is no such talent outside of China. This is the reason that China is able to dominate this field with its rare earth processing knowledge. Thus, the US must be stealing information and knowledge from China if it is able to develop any advanced processing capability.
Wednesday, May 29, 2019
MAS's response to US watchlist report will not get SG off the list.
https://sg.finance.yahoo.com/news/mas-responds-to-us-report-says-it-does-not-engage-in-currency-manipulation-070614263.html
It is a common knowledge in the world that SG uses currency and not interest rates policy to manage its economy. Therefore, it is pointless to respond to the US watchlist report because the US won't listen due to its unilateralism culture. SG is partly to blame for grooming the unilateralism mindset in the US because we've been supporting and pursuing US political interests. The day of reckoning is here and we've only ourselves to blame.
http://sg-stock.blogspot.com/2019/05/the-us-is-targeting-singapore-malaysia.html
It is a common knowledge in the world that SG uses currency and not interest rates policy to manage its economy. Therefore, it is pointless to respond to the US watchlist report because the US won't listen due to its unilateralism culture. SG is partly to blame for grooming the unilateralism mindset in the US because we've been supporting and pursuing US political interests. The day of reckoning is here and we've only ourselves to blame.
http://sg-stock.blogspot.com/2019/05/the-us-is-targeting-singapore-malaysia.html
Keppel KBS - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/19 | DBS Vickers | Keppel KBS | 0.61 | 0.78 | Buy | DCF |
01/28/19 | DBS Vickers | Keppel KBS | 0.68 | 0.8 | Buy | DCF |
04/03/19 | DBS Vickers | Keppel KBS | 0.705 | 0.8 | Buy |
Keppel Infrastructure - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/23/19 | DBS Vickers | Keppel Infrastructure | 0.515 | 0.58 | Buy | DDM |
03/15/19 | Lim & Tan | Keppel Infrastructure | 0.485 | 0 | Hold | |
04/16/19 | DBS Vickers | Keppel Infrastructure | 0.48 | 0.58 | Buy | DDM |
Keppel DC Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/19 | Phillip | Keppel DC Reit | 1.36 | 1.45 | Accumulate | |
01/23/19 | Phillip | Keppel DC Reit | 1.44 | 1.52 | Accumulate | DDM |
01/23/19 | CIMB | Keppel DC Reit | 1.44 | 1.51 | Add | DDM |
01/23/19 | OCBC | Keppel DC Reit | 1.44 | 1.6 | Buy | |
01/23/19 | DBS Vickers | Keppel DC Reit | 1.44 | 1.6 | Buy | DCF |
02/15/19 | Phillip | Keppel DC Reit | 1.45 | 1.52 | Accumulate | |
03/12/19 | OCBC | Keppel DC Reit | 1.44 | 1.6 | Buy | |
04/08/19 | Amfrasers | Keppel DC Reit | 1.47 | 1.62 | Buy | DDM |
04/09/19 | CIMB | Keppel DC Reit | 1.48 | 1.54 | Add | DDM |
04/16/19 | OCBC | Keppel DC Reit | 1.49 | 1.64 | Buy | |
04/16/19 | Lim & Tan | Keppel DC Reit | 1.49 | 0 | Hold | |
04/18/19 | Phillip | Keppel DC Reit | 1.49 | 1.59 | Accumulate | DDM, PB1.37x FY19 |
05/02/19 | Amfrasers | Keppel DC Reit | 1.51 | 1.62 | Buy |
Stock calls for 29 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/29/19 | phillip | Geo Energy | 0.148 | 0.15 | Neutral | PER10x |
05/29/19 | Kim Eng | Manulife US Reit | 0.86 | 1 | Buy | DDM |
The US is targeting Singapore, Malaysia and Vietnam for the trade war now.
https://finance.yahoo.com/news/singapore-malaysia-vietnam-added-u-030842267.html
Vietnam will definitely be slaughtered by the US in the future because of its burgeoning trade surpluses with the US. The trade surplus will keep increasing because many foreign companies are using Vietnam as a manufacturing base.
Singapore is the most aggrieved party because SG uses its currency as a monetary tool since the small population and international trading render the interest rate policy as ineffective in managing its economy. SG will suffer greatly if the US sanctions us because we cannot use interest rate policy to manage our economy.
Malaysia is being punished because it is getting pro-China and is an Islamic country. The western superpower doesn't like Muslims at all.
Vietnam will definitely be slaughtered by the US in the future because of its burgeoning trade surpluses with the US. The trade surplus will keep increasing because many foreign companies are using Vietnam as a manufacturing base.
Singapore is the most aggrieved party because SG uses its currency as a monetary tool since the small population and international trading render the interest rate policy as ineffective in managing its economy. SG will suffer greatly if the US sanctions us because we cannot use interest rate policy to manage our economy.
Malaysia is being punished because it is getting pro-China and is an Islamic country. The western superpower doesn't like Muslims at all.
Tuesday, May 28, 2019
Malaysia was glad that the US didn't sign the TPP agreement.
https://sg.news.yahoo.com/malaysia-send-3-000-tonnes-plastic-waste-back-074356147.html
If Malaysia were part of the original TPP, it couldn't send back or sue the US and Japan for dumping waste in its homeland.
http://sg-stock.blogspot.com/2017/05/fearmongering-by-western-media.html
Malaysia would need to compensate the US and Japan for their losses under the original TPP.
What a relief for Malaysia!
If Malaysia were part of the original TPP, it couldn't send back or sue the US and Japan for dumping waste in its homeland.
http://sg-stock.blogspot.com/2017/05/fearmongering-by-western-media.html
Malaysia would need to compensate the US and Japan for their losses under the original TPP.
What a relief for Malaysia!
Federal express (FedEx) is also a US state agent!
https://sg.finance.yahoo.com/news/exclusive-huawei-reviewing-fedex-relationship-says-packages-diverted-185215043--finance.html
FedEx is also a US state agent and is working discreetly with the US government to channel China posts and packages to the US.
The lame excuse of rerouting error is really ridiculous because it is an expensive error to make to reroute to the US.
FedEx is also a US state agent and is working discreetly with the US government to channel China posts and packages to the US.
The lame excuse of rerouting error is really ridiculous because it is an expensive error to make to reroute to the US.
Keppel Corp - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/19 | OCBC | Keppel Corp | 5.81 | 7.25 | Buy | Sum of parts |
01/10/19 | DIR | Keppel Corp | 6.18 | 7.15 | Buy | Cut from $7.86, Sum of parts |
01/23/19 | CIMB | Keppel Corp | 6.17 | 8.28 | Add | |
01/25/19 | OCBC | Keppel Corp | 6.13 | 7.55 | Buy | |
01/25/19 | CIMB | Keppel Corp | 6.13 | 8.41 | Add | Sum of parts |
01/28/19 | Lim & Tan | Keppel Corp | 6.2 | 0 | Hold | |
01/29/19 | Amfrasers | Keppel Corp | 6.14 | 7.5 | Hold | |
01/29/19 | Macquarie | Keppel Corp | 6.14 | 8.2 | Outperform | Sum of parts |
02/21/19 | CIMB | Keppel Corp | 6.32 | 8.41 | Add | Sum of parts |
03/12/19 | Lim & Tan | Keppel Corp | 6.1 | 0 | Hold | |
03/26/19 | CIMB | Keppel Corp | 6.17 | 8.41 | Add | |
04/15/19 | CIMB | Keppel Corp | 6.62 | 8.41 | Add | Sum of parts |
04/22/19 | OCBC | Keppel Corp | 6.74 | 7.83 | Buy | |
04/22/19 | Lim & Tan | Keppel Corp | 6.74 | 0 | Hold | |
05/08/19 | CIMB | Keppel Corp | 6.72 | 8.41 | Add | Sum of parts |
Jumbo - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/15/19 | DBS Vickers | Jumbo | 0.415 | 0.44 | Hold | PER23x FY19 |
02/15/19 | CIMB | Jumbo | 0.415 | 0.52 | Add | PER21x FY20 |
02/18/19 | UOB Kay Hian | Jumbo | 0.415 | 0.41 | Hold | Buy @ $0.37 |
03/14/19 | UOB Kay Hian | Jumbo | 0.405 | 0.41 | Hold | PER20x FY19, Buy @ $0.37 |
03/29/19 | DBS Vickers | Jumbo | 0.395 | 0.5 | Buy | PER23x FY19/20 |
05/16/19 | DBS Vickers | Jumbo | 0.405 | 0.51 | Buy | PER23x FY19 |
05/16/19 | UOB Kay Hian | Jumbo | 0.405 | 0.41 | Hold | PER20x FY19, Buy @ $0.37 |
05/16/19 | CIMB | Jumbo | 0.405 | 0.52 | Add | PER21x FY20 |
Jardine C&C - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/19 | DBS Vickers | Jardine C&C | 35.28 | 43.1 | Buy | |
05/02/19 | DBS Vickers | Jardine C&C | 35.52 | 39.1 | Buy | Sum of parts (16% discount) |
Stock calls for 28 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/28/19 | CIMB | Comfortdelgro | 2.45 | 2.82 | Add | |
05/28/19 | CIMB | CSE Global | 0.475 | 0.6 | Add | |
05/28/19 | CIMB | Golden Agri | 0.26 | 0.23 | Reduce | Sum of parts (10% discount) |
05/28/19 | UOB Kay Hian | Golden Agri | 0.26 | 0.21 | Sell | |
05/28/19 | CIMB | Mapletree Commercial | 1.93 | 2.03 | Add | |
05/28/19 | CIMB | Suntec Reit | 1.82 | 2.06 | Add | |
05/28/19 | OCBC | Thai Beverage | 0.805 | 0.86 | Hold |
No trade deal between US and China in G20 summit in June 2019.
https://www.scmp.com/news/china/diplomacy/article/3011955/donald-trump-says-us-isnt-ready-china-trade-deal-and-they
Trump has just indicated that the US is not ready to make a deal with China and the US tariffs on China goods will increase substantially.
The US economy must suffer quite a lot first before the US will renegotiate with China again. It will take some time for the bad US economic numbers to surface. We just need to be patient.
Trump has just indicated that the US is not ready to make a deal with China and the US tariffs on China goods will increase substantially.
The US economy must suffer quite a lot first before the US will renegotiate with China again. It will take some time for the bad US economic numbers to surface. We just need to be patient.
Monday, May 27, 2019
Japfa - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/29/19 | CIMB | Japfa | 0.82 | 0.9 | Add | Sum of parts |
01/30/19 | Kim Eng | Japfa | 0.81 | 0.99 | Buy | |
03/01/19 | CIMB | Japfa | 0.765 | 0.9 | Add | Sum of parts |
03/05/19 | UOB Kay Hian | Japfa | 0.705 | 0.98 | Buy | Sum of parts, PER10.7x FY19 |
03/05/19 | DBS Vickers | Japfa | 0.705 | 0.8 | Buy | Sum of parts (15% discount), PER11.4x FY19 |
03/14/19 | CIMB | Japfa | 0.715 | 0.63 | Reduce | Sum of parts |
03/21/19 | Kim Eng | Japfa | 0.65 | 1.05 | Buy | Sum of parts |
04/02/19 | Kim Eng | Japfa | 0.665 | 1.05 | Buy | |
05/03/19 | UOB Kay Hian | Japfa | 0.605 | 0.73 | Buy | Sum of parts |
05/03/19 | DBS Vickers | Japfa | 0.605 | 0.61 | Hold | Sum of parts (10% discount), PER14x FY19 |
05/27/19 | Kim Eng | Japfa | 0.575 | 0.93 | Buy | Sum of parts |
Japan Foods - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/12/19 | Amfrasers | Japan Foods | 0.415 | 0.57 | Hold | DCF |
03/08/19 | DMG & Partners | Japan Foods | 0.43 | 0.45 | Neutral | |
04/05/19 | DMG & Partners | Japan Foods | 0.435 | 0.45 | Neutral | |
05/22/19 | Amfrasers | Japan Foods | 0.44 | 0.55 | Neutral | DCF |
05/23/19 | DMG & Partners | Japan Foods | 0.44 | 0.4 | Hold |
Jadason - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/19 | CIMB | Jadason | 0.02 | 0.066 | Add | |
05/13/19 | CIMB | Jadason | 0.038 | 0.059 | Add | PB1x CY19 |
Stock calls for 27 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/27/19 | DBS Vickers | Capitaland | 3.28 | 4 | Buy | RNAV (25% discount) |
05/27/19 | UOB Kay Hian | Capitamall Trust | 2.44 | 2.65 | Buy | DDM |
05/27/19 | OCBC | Golden Agri | 0.265 | 0.27 | Hold | |
05/27/19 | Kim Eng | Japfa | 0.575 | 0.93 | Buy | Sum of parts |
05/27/19 | CIMB | Penguin | 0.445 | 0.72 | Add | PB1x FY19 |
05/27/19 | DMG & Partners | Valuetronics | 0.61 | 0.67 | Neutral | DCF |
Saturday, May 25, 2019
Apple is resorting to selling customers' data to make up for revenue losses in China. Hahaha!
https://www.businesstimes.com.sg/technology/apple-accused-of-selling-itunes-customers-listening-data
Database selling is a lucrative business because the same set of data can be sold many times. Apple is caught selling its customers' data and many American firms are doing the same thing. Is Apple trying to make up for the revenue losses in China? Hahaha!
Database selling is a lucrative business because the same set of data can be sold many times. Apple is caught selling its customers' data and many American firms are doing the same thing. Is Apple trying to make up for the revenue losses in China? Hahaha!
Baltic dry index - 1068
Today, Friday, May 24 2019, the Baltic Dry Index decreased by 2 points, reaching 1068 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 stock: Sembcorp Marine, Cosco & Pan ocean.
Friday, May 24, 2019
Google has just killed its own future!
Why?
Google acted as a US state agent by terminating its Android services with Huawei. This has raised an alarming signal to other nations that they cannot depend on "free" services from Google because it will pursue US political interests. Therefore, China, India and the EU will develop their own mobile and PC platforms in the future to prevent the same occurrence from happening to them. Nobody wants to be held hostage by the US anymore.
These alternative platforms will marginalize Google services in the future and make Google weaker. This is exactly the same significant mistake made by Nokia in the past when Nokia didn't focus on smartphone developments.
Personally, I would like to see Linux ecosystem being developed worldwide so that we won't be held hostage by anybody.
Google acted as a US state agent by terminating its Android services with Huawei. This has raised an alarming signal to other nations that they cannot depend on "free" services from Google because it will pursue US political interests. Therefore, China, India and the EU will develop their own mobile and PC platforms in the future to prevent the same occurrence from happening to them. Nobody wants to be held hostage by the US anymore.
These alternative platforms will marginalize Google services in the future and make Google weaker. This is exactly the same significant mistake made by Nokia in the past when Nokia didn't focus on smartphone developments.
Personally, I would like to see Linux ecosystem being developed worldwide so that we won't be held hostage by anybody.
ISOTeam - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/18/19 | DMG & Partners | ISOTeam | 0.22 | 0.23 | Neutral | DCF |
05/15/19 | DMG & Partners | ISOTeam | 0.22 | 0.29 | Buy | DCF |
ISDN - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
05/23/19 | CIMB | ISDN | 0.215 | 0.32 | Add | PER10x CY20 |
Indofood Agri - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/01/19 | DBS Vickers | Indofood Agri | 0.2 | 0.19 | Hold | DCF |
04/12/19 | DBS Vickers | Indofood Agri | 0.28 | 0.19 | Accept offer | offer price $0.28 |
05/02/19 | DBS Vickers | Indofood Agri | 0.28 | 0.19 | Accept offer | offer price $0.28 |
Stock calls for 24 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/24/19 | UOB Kay Hian | Bumitama | 0.69 | 0.81 | Hold | |
05/24/19 | DMG & Partners | F & N | 1.73 | 3.53 | Not Rated | Sum of parts |
05/24/19 | Phillip | Frasers Centrepoint Trust | 2.44 | 2.36 | Neutral | |
05/24/19 | phillip | Golden Energy | 0.198 | 0.24 | Accumulate | PER10x |
Omg! The US risk-free rate is at 2.31% now.
The 10-year treasury yield is at 2.31% and is below the Ioer (2.35%). The US banks with excess cash won't invest in the 10y treasury now because the Ioer return is better.
https://sg-stock.blogspot.com/2019/05/will-us-fed-reduce-its-interest-rates.html
The US economic situation is getting dicey now.
https://sg-stock.blogspot.com/2019/05/will-us-fed-reduce-its-interest-rates.html
The US economic situation is getting dicey now.
Will the US Fed reduce its interest rates because of the trade war?
Let's check out the 4 interest rates (IR) in May vs April.
http://sg-stock.blogspot.com/2019/04/whats-happening-to-usd-now-why-is-it.html
Iorr: 2.35% (May) vs 2.4% (April)
Effr: 2.38% (May) vs 2.44% (April)
Ioer: 2.35% (May) vs 2.4% (April)
On RRP: 2.25% (April) vs 2.25% (May)
Effr: 2.38%
Ioer: 2.35%
The spread between Effr & Ioer is shrinking which denotes that the monetary tightening condition is starting to ease. The Iorr, Effr and Ioer have decreased in May, and the declines in IR show that the US Fed is willing to consider interest rate cuts if the economic situation deteriorates further.
http://sg-stock.blogspot.com/2019/04/whats-happening-to-usd-now-why-is-it.html
Iorr: 2.35% (May) vs 2.4% (April)
Effr: 2.38% (May) vs 2.44% (April)
Ioer: 2.35% (May) vs 2.4% (April)
On RRP: 2.25% (April) vs 2.25% (May)
Effr: 2.38%
Ioer: 2.35%
The spread between Effr & Ioer is shrinking which denotes that the monetary tightening condition is starting to ease. The Iorr, Effr and Ioer have decreased in May, and the declines in IR show that the US Fed is willing to consider interest rate cuts if the economic situation deteriorates further.
Thursday, May 23, 2019
The US is pressurising South Korea again after THAAD.
https://www.channelnewsasia.com/news/business/huawei-south-korea-lg-security-risks-11557438
South Korea is facing intense pressure from the US again after THAAD installation. If SK bans Huawei, it will antagonize China again. SK is in no economic condition to do this again because its exports are declining rapidly due to the US-China trade war.
https://www.bloomberg.com/news/articles/2019-05-21/south-korea-faces-greater-export-pain-as-trade-tensions-escalate
South Korea is facing intense pressure from the US again after THAAD installation. If SK bans Huawei, it will antagonize China again. SK is in no economic condition to do this again because its exports are declining rapidly due to the US-China trade war.
https://www.bloomberg.com/news/articles/2019-05-21/south-korea-faces-greater-export-pain-as-trade-tensions-escalate
IHH Healthcare - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/17/19 | Kim Eng | IHH Healthcare | 1.86 | 2.13 | Buy | Sum of parts, Ringgit $6.45 target price |
03/01/19 | Kim Eng | IHH Healthcare | 1.85 | 2.29 | Buy | Sum of parts, Ringgit $6.90 target |
IFS Capital - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/15/19 | Amfrasers | IFS Capital | 0.225 | 0.29 | Buy | PB0.7x FY18 |
Ifast Corp - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/21/19 | DBS Vickers | Ifast Corp | 1.11 | 1.19 | Hold | DDM |
04/30/19 | DBS Vickers | Ifast Corp | 1.12 | 1.05 | Hold | DDM |
Stock calls for 23 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/23/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.41 | 2.71 | Buy | |
05/23/19 | CIMB | ISDN | 0.215 | 0.32 | Add | PER10x CY20 |
05/23/19 | DMG & Partners | Japan Foods | 0.44 | 0.4 | Hold | |
05/23/19 | Lim & Tan | Stamford Land | 0.49 | 0 | Hold |
Wednesday, May 22, 2019
President Xi has hardened his stance in the US-China trade war.
https://www.scmp.com/economy/china-economy/article/3011186/xi-jinping-calls-new-long-march-dramatic-sign-china-preparing
President Xi has hardened his stance by rallying his nation for the new long march. This is a dramatic sign that China won't relent in the US-China trade war and won't sign any humiliating trade deal. This is significantly different from the previous meek stance put up by the Chinese.
Thus, the US can forget about bulldozing its way into China now. The US-China trade talk has broken down officially now.
President Xi has hardened his stance by rallying his nation for the new long march. This is a dramatic sign that China won't relent in the US-China trade war and won't sign any humiliating trade deal. This is significantly different from the previous meek stance put up by the Chinese.
Thus, the US can forget about bulldozing its way into China now. The US-China trade talk has broken down officially now.
Will SIA seek compensation from Boeing?
https://sg.finance.yahoo.com/news/air-china-asks-boeing-compensation-041331381.html
Does SIA dare to seek compensation from Boeing for its business losses?
It will reflect badly on SIA as a public listed company when other airliners can seek compensations from Boeing.
Does SIA dare to seek compensation from Boeing for its business losses?
It will reflect badly on SIA as a public listed company when other airliners can seek compensations from Boeing.
Hutchison Port - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/13/19 | OCBC | Hutchison Port | 0.26 | 0.22 | Sell | |
02/13/19 | DBS Vickers | Hutchison Port | 0.26 | 0.26 | Hold | DCF |
02/25/19 | OCBC | Hutchison Port | 0.235 | 0.22 | Hold | |
04/30/19 | OCBC | Hutchison Port | 0.24 | 0.22 | Hold | |
04/30/19 | DBS Vickers | Hutchison Port | 0.24 | 0.26 | Hold |
HRnetGroup - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/19 | DMG & Partners | HRnetGroup | 0.8 | 1.18 | Buy | DCF |
02/25/19 | DMG & Partners | HRnetGroup | 0.795 | 1.06 | Buy | DCF |
02/26/19 | DBS Vickers | HRnetGroup | 0.8 | 1.05 | Buy | PER15x FY19, ex-cash |
03/13/19 | DMG & Partners | HRnetGroup | 0.79 | 1.06 | Buy | |
03/26/19 | CIMB | HRnetGroup | 0.765 | 1.03 | Add | |
05/07/19 | DMG & Partners | HRnetGroup | 0.77 | 1.06 | Buy | DCF |
05/13/19 | DMG & Partners | HRnetGroup | 0.77 | 0.94 | Buy | DCF |
05/14/19 | DBS Vickers | HRnetGroup | 0.76 | 0.85 | Hold | PER16x FY19, ex-cash |
Hotel Properties (HPL) - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/27/19 | Lim & Tan | Hotel Properties | 3.76 | 0 | Hold | |
04/17/19 | OCBC | Hotel Properties | 3.88 | 4.74 | Buy |
Subscribe to:
Posts (Atom)