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Thursday, August 13, 2020

Keppel Corp - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/03/19DBS VickersKeppel Corp6.779.2Buy
07/03/19OCBCKeppel Corp6.777.83Buy
07/19/19DMG & PartnersKeppel Corp6.597.3BuySum of parts
07/19/19CIMBKeppel Corp6.598.41AddSum of parts
07/19/19UOB Kay HianKeppel Corp6.597.61BuySum of parts
07/19/19Lim & TanKeppel Corp6.590Hold
07/22/19AmfrasersKeppel Corp6.577.43NeutralSum of parts
07/22/19DBS VickersKeppel Corp6.578.5BuySum of parts
08/22/19Lim & TanKeppel Corp5.90Buy
08/26/19UOB Kay HianKeppel Corp5.887.61BuySum of parts
09/24/19Lim & TanKeppel Corp6.040Buy
09/30/19CIMBKeppel Corp5.988.41AddSum of parts
10/01/19UOB Kay HianKeppel Corp5.937.61BuySum of parts
10/08/19CIMBKeppel Corp5.918.41Add
10/08/19DMG & PartnersKeppel Corp5.917.3Buy
10/09/19OCBCKeppel Corp5.937.58Buy
10/09/19DBS VickersKeppel Corp5.938.5Buy
10/17/19MacquarieKeppel Corp5.987.5OutperformSum of parts
10/18/19CIMBKeppel Corp5.968.36AddSum of parts
10/18/19DMG & PartnersKeppel Corp5.967.18BuySum of parts (20% disc)
10/18/19Lim & TanKeppel Corp5.960Hold
10/18/19DBS VickersKeppel Corp5.967.5BuySum of parts, PB1.2x FY19
10/21/19AmfrasersKeppel Corp5.847.44OverweightSum of parts
10/21/19OCBCKeppel Corp5.847.58Buy
10/22/19DMG & PartnersKeppel Corp5.847.8BuySum of parts (13% disc)
11/12/19UOB Kay HianKeppel Corp6.867.61Buy
12/17/19Lim & TanKeppel Corp6.720Buy
12/19/19DMG & PartnersKeppel Corp6.757.8Buy
01/08/20CIMBKeppel Corp6.847.76Add
01/08/20DMG & PartnersKeppel Corp6.847.8BuySum of parts
01/20/20UOB Kay HianKeppel Corp6.847.61Buy
01/24/20UOB Kay HianKeppel Corp6.747.75BuySum of parts
01/28/20DBS VickersKeppel Corp6.757.5BuySum of parts
03/11/20DMG & PartnersKeppel Corp5.77.6BuySum of parts
03/11/20OCBCKeppel Corp5.77.16Buy
03/26/20MacquarieKeppel Corp5.47OutperformSum of parts
04/07/20DMG & PartnersKeppel Corp5.517.6Buy
04/23/20CIMBKeppel Corp5.77.48AddSum of parts
04/29/20HSBCKeppel Corp6.036.74BuyCut from $7.80
04/30/20DMG & PartnersKeppel Corp5.977.4BuySum of parts
04/30/20UOB Kay HianKeppel Corp5.977.15BuySum of parts
04/30/20Lim & TanKeppel Corp5.970Hold
04/30/20DBS VickersKeppel Corp5.976.8BuySum of parts
05/28/20MacquarieKeppel Corp6.037Outperform
05/29/20DBS VickersKeppel Corp5.976.8Buy
05/29/20CIMBKeppel Corp5.977.48AddSum of parts
05/29/20DMG & PartnersKeppel Corp5.977.3Buy
06/02/20UOB Kay HianKeppel Corp5.967.15Buy
06/09/20Lim & TanKeppel Corp6.230Buy
07/07/20DMG & PartnersKeppel Corp6.167.3Buy
07/14/20MacquarieKeppel Corp6.017OutperformSum of parts
07/27/20Lim & TanKeppel Corp5.710Buy on weakness
08/03/20UOB Kay HianKeppel Corp5.47.1BuySum of parts
08/03/20DMG & PartnersKeppel Corp5.47.3BuySum of parts
08/03/20DBS VickersKeppel Corp5.46.4Buysum of parts, PB1x
08/03/20CIMBKeppel Corp5.46.46AddSum of parts
08/03/20OCBCKeppel Corp5.46.4Buy
08/11/20AmfrasersKeppel Corp5.46.34OutperformSum of parts
08/11/20DBS VickersKeppel Corp5.45.5HoldSum of parts, PB1x
08/11/20Lim & TanKeppel Corp5.40Hold
08/11/20UOB Kay HianKeppel Corp5.46.7Buy

Stock calls for 13 August 2020

DateAnalystCompanyLastTargetCallValuation
08/13/20DBS VickersCenturion0.3550.39HoldDCF
08/13/20DMG & PartnersChina Aviation Oil0.930.95NeutralSum of parts
08/13/20Lim & TanCity Developments8.340Buy on weakness
08/13/20DMG & PartnersDelfi0.740.8NeutralDCF
08/13/20UOB Kay HianFood Empire0.560.85BuyPER12.3x FY21
08/13/20DBS VickersHRnetGroup0.480.5HoldPER7.5x FY20, Ex-cash
08/13/20DMG & PartnersHRnetGroup0.480.52NeutralDCF
08/13/20PhillipIreit0.720.68Neutral
08/13/20UOB Kay HianKoufu0.6750.78Buy
08/13/20Lim & TanKoufu0.6750Buy on weakness
08/13/20CIMBNetlink0.9651.1Add
08/13/20phillipOCBC8.868.92AccumulateGGM, PB0.84x
08/13/20UOB Kay HianSingapore Post0.710.76HoldBuy @ $0.66
08/13/20PhillipUG Healthcare2.984.15BuyPER15x FY21
08/13/20Kim EngWilmar4.795.24BuyDCF & PER20.1x
08/13/20DBS VickersWilmar4.795.28BuySum of parts, PER20.2x FY20

Wednesday, August 12, 2020

Jumbo - Stock calls

 

DateAnalystCompanyLastTargetCallValuation
08/07/19DBS VickersJumbo0.380.47BuyPER23x FY20
08/08/19DMG & PartnersJumbo0.3750.47BuyDCF
08/08/19UOB Kay HianJumbo0.3750.37Hold
08/27/19CIMBJumbo0.370.47Add
09/26/19UOB Kay HianJumbo0.380.37HoldBuy @ $0.33
10/01/19DBS VickersJumbo0.3750.47Buy
11/27/19DBS VickersJumbo0.370.47BuyPER23x FY20
11/27/19CIMBJumbo0.370.47Add
11/28/19UOB Kay HianJumbo0.3750.44BuyPER20.3x FY20
12/03/19DMG & PartnersJumbo0.370.44BuyDCF
01/14/20DBS VickersJumbo0.3850.47Buy
02/07/20DBS VickersJumbo0.3350.38BuyPER23x FY20
02/13/20UOB Kay HianJumbo0.3350.32HoldPER21x FY20, Buy @ $0.29
03/25/20DBS VickersJumbo0.1980.18HoldPER18x FY20/21
03/26/20DMG & PartnersJumbo0.210.2NeutralDCF
03/26/20CIMBJumbo0.210.218Hold
04/22/20DBS VickersJumbo0.2450.18Hold
04/23/20UOB Kay HianJumbo0.2450.23HoldBuy @ $0.20
05/18/20DMG & PartnersJumbo0.250.19SellDCF
05/18/20DBS VickersJumbo0.250.21Fully ValuedPER18x FY21
05/18/20CIMBJumbo0.250.2Reduce
06/16/20DMG & PartnersJumbo0.290.19Sell

JEP - Stock calls

DateAnalystCompanyLastTargetCallValuation
10/21/19PhillipJEP0.1620.2BuyPER10x FY19
03/04/20PhillipJEP0.2050.25BuyPER14x FY20

Jardine Matheson - Stock calls

DateAnalystCompanyLastTargetCallValuation
03/10/20CIMBJardine Matheson50.1252.53HoldCut from $61.66
08/03/20CIMBJardine Matheson40.9248.61AddPB0.78x FY20

Stock calls for 12 August 2020

DateAnalystCompanyLastTargetCallValuation
08/12/20DBS VickersAIMS AMP Cap Ind Reit1.171.4BuyDCF
08/12/20PhillipCapitaland2.753.82BuyRNAV (20% discount)
08/12/20MacquarieDBS20.8524.1outperform
08/12/20AmfrasersEC World Reit0.6550.73outperform
08/12/20DMG & PartnersEC World Reit0.6550.76BuyDDM
08/12/20CIMBFrasers Property1.191.7Add
08/12/20CIMBGrand Venture0.260.36Add
08/12/20DBS VickersKoufu0.680.77BuyPER17x FY21
08/12/20MacquarieOCBC8.768.85Neutral
08/12/20UOB Kay HianPenguin0.430.42HoldBuy @ $0.34
08/12/20DBS VickersSingapore Post0.70.64Fully ValuedDCF, PER17x FY21
08/12/20CIMBSingtel2.363.4Add
08/12/20MacquarieUOB19.6520.85Neutral
08/12/20phillipUOB19.6520.4AccumulateGGM, PB0.87x
08/12/20CIMBVenture2020.14Add

Tuesday, August 11, 2020

Japfa - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/31/19UOB Kay HianJapfa0.5150.48HoldSum of parts, Buy @ $0.42
08/01/19Kim EngJapfa0.510.73BuySum of parts
08/05/19DBS VickersJapfa0.50.53HoldSum of parts (10% discount), PER12.5x FY19
09/13/19Kim EngJapfa0.4850.73BuySum of parts
11/01/19UOB Kay HianJapfa0.490.5HoldSum of parts, Buy @ $0.44
11/01/19DBS VickersJapfa0.490.53Hold
11/01/19CIMBJapfa0.490.56Add
11/20/19CIMBJapfa0.610.7AddPER12x FY21
01/20/20UOB Kay HianJapfa0.640.8Buy
01/31/20CIMBJapfa0.560.69Add
01/31/20Kim EngJapfa0.560.72Buy
03/03/20UOB Kay HianJapfa0.590.88BuySum of parts
03/04/20DBS VickersJapfa0.5750.84BuySum of parts, PER11x
04/16/20CIMBJapfa0.510.95AddPER12x CY21
04/16/20UOB Kay HianJapfa0.510.9BuySum of parts
04/16/20DBS VickersJapfa0.510.84Buy
05/18/20UOB Kay HianJapfa0.6350.98BuySum of parts
05/18/20DBS VickersJapfa0.6350.86BuySum of parts, PER10x FY21
06/30/20DBS VickersJapfa0.670.82BuySum of parts, PER10.5x FY21
08/03/20UOB Kay HianJapfa0.660.98BuySum of parts
08/03/20DBS VickersJapfa0.660.82BuySum of parts
08/03/20CIMBJapfa0.660.96Add

Japan Foods - Stock calls

DateAnalystCompanyLastTargetCallValuation
08/22/19DMG & PartnersJapan Foods0.4350.4NeutralSum of parts
11/08/19DMG & PartnersJapan Foods0.4350.4NeutralSum of parts
11/11/19AmfrasersJapan Foods0.4250.46Neutral
12/02/19AmfrasersJapan Foods0.430.46Neutral
12/11/19DMG & PartnersJapan Foods0.4250.4Neutral
05/06/20DMG & PartnersJapan Foods0.350.35NeutralSum of parts
06/16/20DMG & PartnersJapan Foods0.330.35Neutral
07/22/20DMG & PartnersJapan Foods0.3250.33NeutralSum of parts

ISOTeam - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/11/19UOB Kay HianISOTeam0.2450.3BuyPER12.4x FY20
07/25/19DMG & PartnersISOTeam0.2450.31BuyDCF
07/25/19UOB Kay HianISOTeam0.2450.34BuyPER12.4x FY20
08/29/19UOB Kay HianISOTeam0.230.34Buy
08/29/19DMG & PartnersISOTeam0.230.31BuyDCF
09/23/19UOB Kay HianISOTeam0.2250.34Buy
09/25/19DMG & PartnersISOTeam0.2350.31BuyDCF
10/15/19DMG & PartnersISOTeam0.2250.31Buy
11/18/19DMG & PartnersISOTeam0.240.31BuyDCF
11/18/19UOB Kay HianISOTeam0.240.34Buy
01/28/20DMG & PartnersISOTeam0.230.31BuyDCF
02/18/20DMG & PartnersISOTeam0.220.31BuyDCF
03/23/20DMG & PartnersISOTeam0.1220.24BuyDCF, PER8.7x FY20

Stock calls for 11 August 2020

DateAnalystCompanyLastTargetCallValuation
08/11/20PhillipAPTV0.1290.15Buy
08/11/20DMG & PartnersCapitaland2.743.75BuyRNAV (30% discount)
08/11/20CIMBCapitaland2.743.42Add
08/11/20CIMBCSE Global0.5250.6Add
08/11/20AmfrasersCSE Global0.5250.52NeutralCut from $0.61
08/11/20DBS VickersDasin Retail0.7850.86BuyDCF
08/11/20phillipDBS20.621AccumlateGGM, PB1.18x
08/11/20CIMBDBS20.620.46Hold
08/11/20Kim EngFrasers Hospitality Trust0.430.45Hold
08/11/20Kim EngFrencken1.151.2Buy
08/11/20CIMBISDN0.3950.501Add
08/11/20AmfrasersKeppel Corp5.46.34OutperformSum of parts
08/11/20DBS VickersKeppel Corp5.45.5Hold
08/11/20Lim & TanKeppel Corp5.40Hold
08/11/20UOB Kay HianKeppel Corp5.46.7Buy
08/11/20phillipNetlink0.9651.03AccumlateDCF
08/11/20UOB Kay HianNetlink0.9651.08BuyDCF
08/11/20DMG & PartnersOCBC8.728.7NeutralGGM, PB0.81x FY20
08/11/20Kim EngOCBC8.729.06Hold
08/11/20CIMBOCBC8.729.19Hold
08/11/20UOB Kay HianOCBC8.7210.82Buy
08/11/20phillipPrime US Reit0.8150.94BuyDDM
08/11/20AmfrasersSingapore Medical0.260.25NeutralPER16x
08/11/20PhillipStarhub1.211.24NeutralEV/Ebitda 6x
08/11/20DMG & PartnersStarhub1.211.3NeutralDCF
08/11/20DBS VickersStarhub1.211.16HoldDCF
08/11/20CIMBStarhub1.211.6Add
08/11/20Lim & TanSunningdale1.180Buy
08/11/20DBS VickersTuan Sing0.2750.44BuySum of parts
08/11/20CIMBUOB19.5820.58Hold
08/11/20PhillipVenture18.8418.4NeutralPER16x
08/11/20Kim EngVenture18.8418.46HoldPB2x FY21
08/11/20DMG & PartnersVenture18.8419NeutralPER16x FY21
08/11/20Lim & TanVenture18.840Hold

Monday, August 10, 2020

Saturday, August 8, 2020

Which country has an open market? A democratic or communist country?

The real answer will surprise many people.

https://www.channelnewsasia.com/news/business/trump-us-ban-tiktok-bytedance-wechat-executive-order-12998592

Trump has decided to ban Tiktok and Wechat for national security reason but he cannot provide a single shred of evidence to support his accusation.  Everything is just in his mind!  This is the doing of a democratic country.

On the other hand, Microsoft and Apple have proven backdoors that can compromise the national security of a country.

https://www.forbes.com/sites/gordonkelly/2014/07/22/every-iphone-has-a-security-backdoor/#6122dd504335

http://sg-stock.blogspot.com/2019/05/the-us-is-going-to-impose-blanket-ban.html

China knew that Microsoft and Apple had backdoors that could pose dangers to its national security but it didn't ban these 2 companies in China.  This is the doing of a communist country.

Which country has an open market?  I believe the answer is crystal clear.

Baltic dry index - 1501

 Today, Friday, August 07 2020, the Baltic Dry Index climbed by 1 point, reaching 1501 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

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Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 934

 Related stock: Keppel Corp, Sembcorp Marine & Cosco.

Friday, August 7, 2020

Many analysts still don't understand China's economic structure.

 https://sg.finance.yahoo.com/news/china-july-exports-rise-fastest-043154974.html

If one has checked the latest economic statistics, one will realize that the local consumption constitutes 68% of China's GDP.  Therefore, imports matter more than exports and analysts are foolish to be jolly about the rising exports.  Why? (Please read my previous post below.)

http://sg-stock.blogspot.com/2019/12/how-is-chinas-economy-doing.html

It worries me when China's imports are slowing even though its exports are rising because the rising exports are unsustainable when there are re-surging outbreaks going on.

ISDN - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/01/19CIMBISDN0.2350.32Add
08/19/19CIMBISDN0.1920.27Add
06/01/20CIMBISDN0.2350.279AddUp from $0.22
08/07/20AmfrasersISDN0.3650.42Outperform

Ireit - Stock calls

 

DateAnalystCompanyLastTargetCallValuation
01/22/20PhillipIreit0.8150.885AccumulateDDM
02/14/20PhillipIreit0.8650.885AccumulateDDM
03/03/20DMG & PartnersIreit0.7850.92BuyDDM
03/13/20PhillipIreit0.7150.89Accumulate
04/13/20DMG & PartnersIreit0.640.83BuyDDM
05/15/20PhillipIreit0.660.77BuyDDM
05/21/20DMG & PartnersIreit0.680.83BuyDDM
06/23/20DMG & PartnersIreit0.7350.83Buy