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Friday, February 21, 2020

Stock calls for 21 February 2020

DateAnalystCompanyLastTargetCallValuation
02/21/20TayronaAsian Healthcare0.1920.305OverweightDDM, PER14.5x FY22
02/21/20DBS VickersIfast Corp1.021.1HoldDDM
02/21/20CIMBLippo Malls0.2350.24HoldDDM
02/21/20DBS VickersPerennial Reit0.520.83BuyRNAV (55% discount)
02/21/20Lim & TanPropnex0.530.68Buy
02/21/20CIMBSasseur0.820.85Add
02/21/20UOB Kay HianSembcorp Marine1.21.21HoldBuy @ $1.05
02/21/20DMG & PartnersSembcorp Marine1.21.45Buy
02/21/20DBS VickersSembcorp Marine1.21.35HoldPB1.3x FY20
02/21/20CIMBSembcorp Marine1.21.2Hold
02/21/20UOB Kay HianStarhub1.51.45HoldBuy @ $1.25
02/21/20DMG & PartnersStarhub1.51.63NeutralDCF
02/21/20DBS VickersStarhub1.51.72Buy
02/21/20CIMBStarhub1.51.8AddDCF
02/21/20DMG & PartnersUG Healthcare0.2350.33BuyPER9.2x FY21
02/21/20UOB Kay HianValuetronics0.710.85Buy
02/21/20CIMBWilmar4.044.58AddSum of parts
02/21/20DMG & PartnersWilmar4.044.77BuySum of parts
02/21/20UOB Kay HianWilmar4.044.75Buy

China can stabilize its stock markets but not the real economy. - Part 3

The economic fissures are starting to show up in China now.

Peking University's founder group is defaulting on its bonds but the government will save this company because it is a university-linked enterprise.

https://www.reuters.com/article/china-markets-default/update-1-chinas-peking-founder-seeks-bond-repayment-delay-to-feb-2020-sources-idUSL4N28U2DQ

Many Chinese firms cannot pay their employees now because of their shutdowns.  Even if the government helps them with cheap loans, it doesn't solve the fundamental problem (no customer) and their debts will only pile up.

https://www.thejakartapost.com/news/2020/02/19/chinese-companies-say-they-cant-afford-to-pay-workers-now.html

No monetary policy can help in this situation unless the virus outbreak is contained.  Monetary policies cannot override job insecurities.  When people are suffering from pay cuts and job losses, they will cut back on their spendings.  Nobody will buy a car when he doesn't have job security.  This is a fact of life.

https://sg.news.yahoo.com/chinas-passenger-car-sales-tumble-041809740.html

We had stated in our previous post that China's consumption would fall into the abyss and monetary policies would not resolve this.

http://sg-stock.blogspot.com/2020/02/china-can-stabilize-its-stock-markets.html

The US CDC has put Singapore on its community spread list.

https://www.taiwannews.com.tw/en/news/3878832

The US CDC has put SG on its community spread list.

The list consists of the following countries:
Japan
Singapore
South Korea
Taiwan
Thailand
Vietnam

HK is on Watch Level 1 notice while China is on Warning Level 3 travel notice.

What does the community spread list imply?
This list is implying that these countries must detox their surroundings to curb the community spread.


We had accurately projected Japan's virus outbreak.  Since Japan is the 3rd largest economy, its failure to contain the virus outbreak will affect the global economy.  Furthermore, Japan is the host country for Olympic 2020.  If this major event is cancelled, it will hurt Japanese firms heavily as they have spent billions to prepare and build the infrastructures for the upcoming Olympics.

http://sg-stock.blogspot.com/2020/02/red-alert-major-covid-19-virus-outbreak_19.html

Thursday, February 20, 2020

Koufu - Stock calls

DateAnalystCompanyLastTargetCallValuation
02/27/19DBS VickersKoufu0.630.8BuyPER17x FY19
03/08/19UOB Kay HianKoufu0.670.95BuyPER18.1x FY19
03/08/19Lim & TanKoufu0.670.85BuyPER18x FY19
04/08/19UOB Kay HianKoufu0.8050.95Buy
05/07/19DBS VickersKoufu0.770.8HoldPER17x FY19
05/09/19UOB Kay HianKoufu0.750.95Buy
06/13/19UOB Kay HianKoufu0.6750.95Buy
06/28/19DBS VickersKoufu0.6750.85BuyPER17x FY19
07/03/19UOB Kay HianKoufu0.720.95Buy
08/08/19UOB Kay HianKoufu0.710.95Buy
08/08/19DBS VickersKoufu0.710.88BuyPER17x FY20
10/01/19UOB Kay HianKoufu0.720.95Buy
10/01/19DBS VickersKoufu0.720.88Buy
11/05/19DBS VickersKoufu0.7550.88BuyPER17x FY20
11/06/19UOB Kay HianKoufu0.770.95Buy
12/11/19SAC CapitalKoufu0.7650.87Buy
01/06/20DBS VickersKoufu0.7750.88Buy
02/12/20UOB Kay HianKoufu0.7250.83Buy
02/13/20DBS VickersKoufu0.7350.84BuyPER17x FY20

Kimly - Stock calls

DateAnalystCompanyLastTargetCallValuation
01/07/19DMG & PartnersKimly0.240.27Neutral
02/14/19DMG & PartnersKimly0.2450.24NeutralDCF
04/05/19DMG & PartnersKimly0.240.24Neutral
05/09/19DMG & PartnersKimly0.2450.23NeutralDCF
06/06/19DMG & PartnersKimly0.230.23Neutral
08/13/19DMG & PartnersKimly0.2350.23NeutralDCF
10/15/19DMG & PartnersKimly0.2250.23Neutral
11/28/19DMG & PartnersKimly0.240.24NeutralDCF
12/11/19DMG & PartnersKimly0.2450.24Neutral

Keppel Reit - Stock calls

DateAnalystCompanyLastTargetCallValuation
01/22/19DBS VickersKeppel Reit1.181.31BuyDCF
01/22/19CIMBKeppel Reit1.181.34AddDDM
01/22/19DMG & PartnersKeppel Reit1.181.06NeutralDDM
01/28/19UOB Kay HianKeppel Reit1.181.35Buy
03/07/19UOB Kay HianKeppel Reit1.281.35BuyDDM
03/18/19DMG & PartnersKeppel Reit1.231.06Neutral
04/01/19UOB Kay HianKeppel Reit1.291.35BuyDDM
04/18/19DMG & PartnersKeppel Reit1.241.12NeutralDDM
04/18/19DBS VickersKeppel Reit1.241.38BuyDCF
04/18/19Lim & TanKeppel Reit1.240Hold
04/24/19UOB Kay HianKeppel Reit1.211.37BuyDDM
04/24/19DBS VickersKeppel Reit1.211.4BuyDCF
04/25/19CIMBKeppel Reit1.231.34AddDDM
05/30/19UOB Kay HianKeppel Reit1.211.37Buy
07/04/19DMG & PartnersKeppel Reit1.281.12Neutral
07/16/19CIMBKeppel Reit1.261.41AddDDM
07/16/19DMG & PartnersKeppel Reit1.261.2NeutralDDM
07/16/19UOB Kay HianKeppel Reit1.261.37Buy
07/16/19DBS VickersKeppel Reit1.261.45BuyDCF
07/16/19Lim & TanKeppel Reit1.260Hold
08/06/19DBS VickersKeppel Reit1.21.45Buy
08/27/19UOB Kay HianKeppel Reit1.241.21HoldBuy @ $1.1
10/02/19DBS VickersKeppel Reit1.261.45BuyDCF
10/02/19DMG & PartnersKeppel Reit1.261.23NeutralDDM
10/17/19CIMBKeppel Reit1.241.35AddDDM
10/17/19UOB Kay HianKeppel Reit1.241.2HoldDDM, Buy @ $1.1
10/17/19Lim & TanKeppel Reit1.240Hold
12/04/19DBS VickersKeppel Reit1.231.45Buy
12/10/19DMG & PartnersKeppel Reit1.251.23Neutral
01/24/20DBS VickersKeppel Reit1.271.45BuyDCF
02/04/20DBS VickersKeppel Reit1.211.45Buy