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Monday, November 27, 2017

Capitacommercial - Stock calls


Date Analyst Company Last Target Call Valuation
01/05/16 UOB Kay Hian CapitaCommercial 1.34 1.79 Buy DDM
01/08/16 DBS Vickers CapitaCommercial 1.325 1.48 Buy DCF
01/14/16 Kim Eng CapitaCommercial 1.31 1.25 Hold Yield 7%
01/20/16 Lim & Tan CapitaCommercial 1.365 0 Hold
01/21/16 CIMB CapitaCommercial 1.33 1.48 Add DDM
01/21/16 DIR CapitaCommercial 1.33 1.31 Hold DDM
01/21/16 DMG & Partners CapitaCommercial 1.33 1.15 Sell DDM
01/21/16 OCBC CapitaCommercial 1.33 1.39 Hold
01/26/16 Deutsche CapitaCommercial 1.315 1.5 Buy
02/02/16 DMG & Partners CapitaCommercial 1.32 1.15 Sell
02/25/16 Deutsche CapitaCommercial 1.38 1.5 Buy
02/25/16 JP Morgan CapitaCommercial 1.38 1.35 Neutral
03/04/16 DMG & Partners CapitaCommercial 1.415 1.15 Sell
03/04/16 Lim & Tan CapitaCommercial 1.415 0 Buy
03/07/16 CIMB CapitaCommercial 1.475 1.48 Hold
03/14/16 DIR CapitaCommercial 1.445 1.31 Underperform DDM
03/17/16 DMG & Partners CapitaCommercial 1.435 1.3 Neutral DDM
03/24/16 Deutsche CapitaCommercial 1.475 1.5 Buy
03/30/16 UOB Kay Hian CapitaCommercial 1.485 1.79 Buy DDM
04/05/16 Deutsche CapitaCommercial 1.45 1.5 Buy
04/13/16 Kim Eng CapitaCommercial 1.42 1.4 Hold Yield 6.25%
04/15/16 DBS Vickers CapitaCommercial 1.42 1.53 Buy DCF
04/15/16 Lim & Tan CapitaCommercial 1.42 0 Buy
04/18/16 CIMB CapitaCommercial 1.43 1.48 Hold DDM
04/18/16 Credit Suisse CapitaCommercial 1.43 1.43 Underperform
04/18/16 DIR CapitaCommercial 1.43 1.3 Underperform DDM
04/18/16 OCBC CapitaCommercial 1.43 1.39 Hold
04/27/16 UOB Kay Hian CapitaCommercial 1.45 1.79 Buy DDM
05/16/16 Phillip CapitaCommercial 1.385 1.29 Reduce DDM
05/17/16 Deutsche CapitaCommercial 1.385 1.5 Buy
05/17/16 Kim Eng CapitaCommercial 1.385 1.4 Hold
05/24/16 CIMB CapitaCommercial 1.375 1.58 Add DDM
05/24/16 Credit Suisse CapitaCommercial 1.375 1.4 Underperform
05/24/16 DBS Vickers CapitaCommercial 1.375 1.61 Buy
05/24/16 DIR CapitaCommercial 1.375 1.35 Hold DDM
05/24/16 DMG & Partners CapitaCommercial 1.375 1.33 Neutral DDM
05/24/16 Lim & Tan CapitaCommercial 1.375 0 Buy
05/25/16 OCBC CapitaCommercial 1.385 1.39 Hold
06/08/16 Lim & Tan CapitaCommercial 1.415 0 Buy
06/23/16 JP Morgan CapitaCommercial 1.42 1.4 Neutral
06/23/16 Kim Eng CapitaCommercial 1.42 1.4 Hold
07/04/16 DMG & Partners CapitaCommercial 1.5 1.33 Neutral
07/18/16 Phillip CapitaCommercial 1.57 1.29 Reduce DDM
07/18/16 UOB Kay Hian CapitaCommercial 1.57 1.93 Buy
07/19/16 Credit Suisse CapitaCommercial 1.58 1.47 Underperform
07/20/16 JP Morgan CapitaCommercial 1.57 1.45 Neutral
07/20/16 OCBC CapitaCommercial 1.57 1.39 Hold
07/21/16 CIMB CapitaCommercial 1.56 1.69 Add DDM
07/21/16 DBS Vickers CapitaCommercial 1.56 1.7 Buy
07/21/16 DIR CapitaCommercial 1.56 1.36 Underperform DDM
07/21/16 Kim Eng CapitaCommercial 1.56 1.52 Hold Yield 5.75%
07/21/16 Religare CapitaCommercial 1.56 1.46 Hold
07/26/16 Deutsche CapitaCommercial 1.52 1.5 Buy
08/01/16 UOB Kay Hian CapitaCommercial 1.505 1.93 Buy
08/16/16 DBS Vickers CapitaCommercial 1.55 1.7 Buy
08/16/16 Deutsche CapitaCommercial 1.55 1.6 Buy
08/31/16 Credit Suisse CapitaCommercial 1.545 1.47 Underperform
09/05/16 DBS Vickers CapitaCommercial 1.565 1.7 Buy
09/09/16 Kim Eng CapitaCommercial 1.64 1.81 Buy
10/14/16 DIR CapitaCommercial 1.56 1.36 Underperform
10/14/16 Phillip CapitaCommercial 1.56 1.29 Reduce
10/19/16 Lim & Tan CapitaCommercial 1.555 0 Buy
10/20/16 CIMB CapitaCommercial 1.575 1.69 Add DDM
10/20/16 Credit Suisse CapitaCommercial 1.575 1.47 Underperform
10/20/16 DIR CapitaCommercial 1.575 1.37 Underperform DDM
10/20/16 DMG & Partners CapitaCommercial 1.575 1.68 Buy DDM
10/20/16 Kim Eng CapitaCommercial 1.575 1.81 Buy
10/20/16 UOB Kay Hian CapitaCommercial 1.575 1.88 Buy DDM
10/21/16 JP Morgan CapitaCommercial 1.6 1.7 Overweight
10/21/16 OCBC CapitaCommercial 1.6 1.39 Hold
11/04/16 CIMB CapitaCommercial 1.57 1.69 Add
11/09/16 DBS Vickers CapitaCommercial 1.555 1.7 Buy
11/14/16 JP Morgan CapitaCommercial 1.525 1.65 Overweight
11/14/16 UOB Kay Hian CapitaCommercial 1.525 1.88 Buy
11/16/16 Deutsche CapitaCommercial 1.47 1.6 Buy
11/18/16 Kim Eng CapitaCommercial 1.51 1.81 Buy
12/05/16 DMG & Partners CapitaCommercial 1.51 1.68 Buy
12/06/16 Kim Eng CapitaCommercial 1.545 1.81 Buy Yield 5%
12/07/16 Deutsche CapitaCommercial 1.53 1.6 Buy
12/09/16 UOB Kay Hian CapitaCommercial 1.55 1.78 Buy
12/12/16 JP Morgan CapitaCommercial 1.565 1.65 Overweight
01/03/17 DMG & Partners CapitaCommercial 1.48 1.68 Buy DDM
01/03/17 UOB Kay Hian CapitaCommercial 1.48 1.78 Buy
01/09/17 DBS Vickers CapitaCommercial 1.535 1.7 Buy DCF
01/11/17 Deutsche CapitaCommercial 1.56 1.6 Hold
01/11/17 Kim Eng CapitaCommercial 1.56 1.81 Buy
01/18/17 DIR CapitaCommercial 1.565 1.37 Underperform
01/18/17 Lim & Tan CapitaCommercial 1.565 0 Buy
01/18/17 OCBC CapitaCommercial 1.565 1.53 Hold
01/18/17 Religare CapitaCommercial 1.565 1.46 Hold
01/19/17 Credit Suisse CapitaCommercial 1.565 1.51 Underperform
01/19/17 DBS Vickers CapitaCommercial 1.565 1.69 Buy DCF
01/19/17 DIR CapitaCommercial 1.565 1.35 Underperform DDM
01/19/17 UOB Kay Hian CapitaCommercial 1.565 1.75 Buy DDM
01/24/17 Phillip CapitaCommercial 1.565 1.63 Neutral DDM
02/09/17 Credit Suisse CapitaCommercial 1.54 1.51 Neutral
02/17/17 JP Morgan CapitaCommercial 1.535 1.65 Overweight
02/28/17 Deutsche CapitaCommercial 1.545 1.6 Hold
03/02/17 UOB Kay Hian CapitaCommercial 1.55 1.75 Buy
03/08/17 DBS Vickers CapitaCommercial 1.525 1.69 Buy DCF
03/10/17 DMG & Partners CapitaCommercial 1.525 1.68 Buy
03/24/17 Kim Eng CapitaCommercial 1.53 1.81 Buy Target yield 5%
04/07/17 DMG & Partners CapitaCommercial 1.56 1.68 Buy
04/11/17 UOB Kay Hian CapitaCommercial 1.57 1.75 Buy
04/18/17 DIR CapitaCommercial 1.61 1.35 Underperform
04/18/17 Kim Eng CapitaCommercial 1.61 1.81 Buy
04/19/17 OCBC CapitaCommercial 1.62 1.53 Hold
04/19/17 Religare CapitaCommercial 1.62 1.5 Hold
04/20/17 CIMB CapitaCommercial 1.63 1.55 Hold DDM
04/20/17 Credit Suisse CapitaCommercial 1.63 1.51 Neutral
04/20/17 DIR CapitaCommercial 1.63 1.38 Underperform DDM
04/20/17 DMG & Partners CapitaCommercial 1.63 1.68 Take Profit DDM
04/20/17 Lim & Tan CapitaCommercial 1.63 0 Hold
04/20/17 Phillip CapitaCommercial 1.63 1.63 Neutral DDM
05/02/17 DBS Vickers CapitaCommercial 1.625 1.69 Buy
05/03/17 CIMB CapitaCommercial 1.63 1.55 Hold DDM
05/03/17 Kim Eng CapitaCommercial 1.63 1.81 Buy Target yield 5%
05/03/17 Phillip CapitaCommercial 1.63 1.63 Neutral DDM
05/03/17 UOB Kay Hian CapitaCommercial 1.63 1.75 Buy
05/25/17 Deutsche CapitaCommercial 1.68 1.7 Hold
05/25/17 UOB Kay Hian CapitaCommercial 1.68 1.94 Buy
06/13/17 OCBC CapitaCommercial 1.645 1.69 Hold
06/22/17 Deutsche CapitaCommercial 1.64 1.7 Hold
06/23/17 UOB Kay Hian CapitaCommercial 1.65 1.9 Buy DDM
07/04/17 DBS Vickers CapitaCommercial 1.665 1.69 Buy
07/04/17 Lim & Tan CapitaCommercial 1.665 0 Hold
07/04/17 UOB Kay Hian CapitaCommercial 1.665 1.9 Buy DDM
07/05/17 DIR CapitaCommercial 1.675 1.36 Sell DDM
07/05/17 DMG & Partners CapitaCommercial 1.675 1.68 Take Profit DDM
07/11/17 Kim Eng CapitaCommercial 1.71 1.81 Buy
07/14/17 CIMB CapitaCommercial 1.67 1.68 Hold DDM
07/19/17 OCBC CapitaCommercial 1.69 1.69 Hold
07/20/17 DMG & Partners CapitaCommercial 1.725 1.69 Take Profit DDM
07/20/17 DIR CapitaCommercial 1.725 1.42 Sell DDM
07/20/17 Phillip CapitaCommercial 1.725 1.8 Accumulate DDM
07/20/17 Credit Suisse CapitaCommercial 1.725 1.54 Neutral
07/20/17 DBS Vickers CapitaCommercial 1.725 1.85 Buy DCF
07/25/17 UOB Kay Hian CapitaCommercial 1.755 1.9 Buy
07/31/17 UOB Kay Hian CapitaCommercial 1.73 1.75 Buy
08/01/17 DBS Vickers CapitaCommercial 1.72 1.85 Buy DCF
08/17/17 UOB Kay Hian CapitaCommercial 1.715 1.9 Buy
09/21/17 DMG & Partners CapitaCommercial 1.71 1.68 Take Profit
09/22/17 Kim Eng CapitaCommercial 1.695 1.81 Buy Target yield 5%
09/22/17 DIR CapitaCommercial 1.695 1.39 Sell DDM, Ex-rights 166-for-1000 at 1.363
09/22/17 UOB Kay Hian CapitaCommercial 1.695 1.9 Buy
09/22/17 Lim & Tan CapitaCommercial 1.695 0 Buy on weakness
09/22/17 Phillip CapitaCommercial 1.695 1.8 Accumulate DDM, PB1x
09/26/17 OCBC CapitaCommercial 1.7 1.65 Hold
10/09/17 Phillip CapitaCommercial 1.64 1.8 Accumulate DDM, PB1x
10/20/17 Kim Eng CapitaCommercial 1.66 1.77 Buy Target yield 5%
10/23/17 UOB Kay Hian CapitaCommercial 1.66 1.9 Buy DDM
10/23/17 Credit Suisse CapitaCommercial 1.66 1.49 Neutral
10/23/17 DMG & Partners CapitaCommercial 1.66 1.6 Take Profit DDM
10/23/17 OCBC CapitaCommercial 1.66 1.66 Hold DDM
10/23/17 CIMB CapitaCommercial 1.66 1.68 Hold DDM
10/23/17 DBS Vickers CapitaCommercial 1.66 1.8 Buy DCF
11/09/17 UOB Kay Hian CapitaCommercial 1.81 1.9 Buy

Cache Logistics - Stock calls


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

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.

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.

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

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.




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.

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.

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