Date | Analyst | Company | Last | Target | Call | Valuation |
01/08/16 | OCBC | Delfi | 2.06 | 1.97 | Sell | |
02/23/16 | CIMB | Delfi | 2.39 | 1.77 | Reduce | PER25x CY17 |
02/24/16 | DBS Vickers | Delfi | 2.46 | 2.21 | Hold | |
02/24/16 | DMG & Partners | Delfi | 2.46 | 2 | Sell | DCF, PER47x FY16 |
02/24/16 | OCBC | Delfi | 2.46 | 1.92 | Sell | PER30x FY16 |
03/21/16 | OCBC | Delfi | 2.8 | 1.92 | Sell | |
05/13/16 | CIMB | Delfi | 2.5 | 2.69 | Hold | |
05/13/16 | DBS Vickers | Delfi | 2.5 | 2.56 | Hold | |
05/13/16 | OCBC | Delfi | 2.5 | 2.15 | Sell | PER30x FY16 |
06/09/16 | OCBC | Delfi | 2.48 | 2.15 | Sell | PER30x FY16 |
08/11/16 | CIMB | Delfi | 2.5 | 2.69 | Hold | PER25x CY17 |
08/12/16 | DBS Vickers | Delfi | 2.61 | 2.42 | Hold | |
09/22/16 | OCBC | Delfi | 2.15 | 2.34 | Hold | |
11/11/16 | CIMB | Delfi | 2.2 | 2.31 | Hold | PER25x CY18 |
11/11/16 | OCBC | Delfi | 2.2 | 2.39 | Hold | |
12/09/16 | DBS Vickers | Delfi | 2.25 | 2.16 | Hold | |
01/03/17 | DMG & Partners | Delfi | 2.22 | 2.55 | Buy | |
01/16/17 | OCBC | Delfi | 2.25 | 2.39 | Hold | |
02/23/17 | CIMB | Delfi | 2.32 | 2.3 | Hold | PER25x CY18 |
02/23/17 | OCBC | Delfi | 2.32 | 2.39 | Hold | PER30x FY17 |
02/24/17 | DMG & Partners | Delfi | 2.35 | 2.55 | Neutral | DCF |
02/24/17 | OCBC | Delfi | 2.35 | 2.37 | Hold | PER30x FY17 |
02/27/17 | DBS Vickers | Delfi | 2.33 | 2.26 | Hold | PER26x FY17/18 |
03/17/17 | OCBC | Delfi | 2.24 | 2.37 | Hold | |
05/09/17 | OCBC | Delfi | 2.2 | 2.37 | Hold | |
05/11/17 | CIMB | Delfi | 2.2 | 2.3 | Hold | PER25x CY18 |
05/11/17 | OCBC | Delfi | 2.2 | 2.21 | Hold | PER30x FY17/18 |
06/16/17 | OCBC | Delfi | 2.05 | 2.21 | Hold | |
08/10/17 | OCBC | Delfi | 2.12 | 2.08 | Hold | PER30x FY18 |
08/10/17 | DMG & Partners | Delfi | 2.12 | 2 | Neutral | DCF |
10/02/17 | DMG & Partners | Delfi | 1.515 | 1.86 | Buy | DCF |
11/15/17 | DMG & Partners | Delfi | 1.45 | 1.65 | Buy | DCF |
Thursday, December 14, 2017
Delfi - Stock calls
Stock calls for 14 December 2017
Date | Analyst | Company | Last | Target | Call | Valuation |
12/14/17 | Kim Eng | Bukit Sembawang | 5.93 | 8.25 | Buy | RNAV (20% discount) |
12/14/17 | CIMB | Capitaland | 3.51 | 4.25 | Add | RNAV (20% discount) |
12/14/17 | OCBC | Capitaland | 3.51 | 4.13 | Buy | |
12/14/17 | OCBC | City Developments | 12.65 | 13.5 | Buy | |
12/14/17 | CIMB | Far East Hospitality | 0.71 | 0.69 | Hold | DDM |
12/14/17 | CIMB | Frasers Centrepoint Trust | 2.21 | 2.38 | Add | DDM |
12/14/17 | OCBC | Frasers Centrepoint Trust | 2.21 | 2.4 | Buy | |
12/14/17 | CIMB | Frasers Logistics | 1.12 | 1.2 | Add | DDM |
12/14/17 | OCBC | Frasers Logistics | 1.12 | 1.25 | Buy | |
12/14/17 | Kim Eng | Genting | 1.34 | 1.42 | Buy | |
12/14/17 | OCBC | Mapletree Greater China | 1.19 | 1.28 | Buy | |
12/14/17 | CIMB | UOL | 8.72 | 9.62 | Add | RNAV (20% discount) |
12/14/17 | OCBC | UOL | 8.72 | 9.7 | Buy | |
12/14/17 | OCBC | Wheelock Properties | 1.89 | 2.27 | Buy | |
12/14/17 | OCBC | Wing Tai | 2.3 | 2.77 | Buy |
Look at how Canadian parliament endorses Nanjing Massacre Memorial Day.
However, our PM Lee asked Japan not to apologize anymore for WW2 atrocities even when Japan tried to whitewash its atrocities.
http://sg-stock.blogspot.sg/2017/12/canada-to-proclaim-13-december-as.html
How practical and useful is bitcoin?
Bitcoin is not a practical and useful payment mode because it is expensive and slow to process transactions compared to what it proclaims to be.
It costs about US$19 to process a transaction in 10 minutes because the blockchain frequency is set at 10 minutes. The best blockchain network system can only process 3.3 transactions per second whilst VISA can process 3,674 transactions per second.
https://www.wired.com/story/bitcoin-is-soaring-heres-why-its-not-ready-for-the-big-time/
Some merchants are starting to dump Bitcoin payment mode because of its processing fee and speed.
http://www.bbc.com/news/technology-42264622
Therefore, there won't be a widespread adoption of Bitcoin payment mode in the world because of its limitations. The current bitcoin prices have factored in the expectation of worldwide adoption which is not happening.
It costs about US$19 to process a transaction in 10 minutes because the blockchain frequency is set at 10 minutes. The best blockchain network system can only process 3.3 transactions per second whilst VISA can process 3,674 transactions per second.
https://www.wired.com/story/bitcoin-is-soaring-heres-why-its-not-ready-for-the-big-time/
Some merchants are starting to dump Bitcoin payment mode because of its processing fee and speed.
http://www.bbc.com/news/technology-42264622
Therefore, there won't be a widespread adoption of Bitcoin payment mode in the world because of its limitations. The current bitcoin prices have factored in the expectation of worldwide adoption which is not happening.
KGI Fraser is officially wrong in its US interest rate movement.
https://finance.yahoo.com/news/federal-reserve-december-2017-fomc-decision-143436424.html
The FED has raised its interest rate in December!
KGI Fraser has been proven wrong and its arguments for the no rate hike are totally invalid because it does not take into other factors in its analysis.
https://sg-stock.blogspot.sg/2017/09/kgi-fraser-is-dead-wrong-about-fed.html
We projected a December rate hike in our previous post and we got it.
The FED has raised its interest rate in December!
KGI Fraser has been proven wrong and its arguments for the no rate hike are totally invalid because it does not take into other factors in its analysis.
https://sg-stock.blogspot.sg/2017/09/kgi-fraser-is-dead-wrong-about-fed.html
We projected a December rate hike in our previous post and we got it.
HSR poll result
Look like KL-SG HSR will become a white elephant as it is simply too expensive to operate. Driving into Malaysia is still cheaper albeit time-consuming. Our viewers have indicated that the time saved is not worth the money spent.
Wednesday, December 13, 2017
US softens its stance against North Korea after China and Russia conduct joint anti-missile exercises.
https://sg.news.yahoo.com/tillerson-softens-us-stance-possible-talks-nkorea-222702752.html
http://www.chinaeconomicreview.com/china-russia-conduct-joint-anti-missile-exercises
China and Russia have sent a strong message to the USA not to act unilaterally through the joint anti-missile exercises which can also be used to shoot down fighter planes flying in NK's sky.
The USA knows that it cannot defeat China & Russia in the Peninsular war. Therefore, the USA softens its stance and is willing to resolve the issue through diplomatic talk now.
http://www.chinaeconomicreview.com/china-russia-conduct-joint-anti-missile-exercises
China and Russia have sent a strong message to the USA not to act unilaterally through the joint anti-missile exercises which can also be used to shoot down fighter planes flying in NK's sky.
The USA knows that it cannot defeat China & Russia in the Peninsular war. Therefore, the USA softens its stance and is willing to resolve the issue through diplomatic talk now.
Del Monte - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/14/16 | DBS Vickers | Del Monte | 0.395 | 0.39 | Hold | |
03/15/16 | UOB Kay Hian | Del Monte | 0.325 | 0.46 | Buy | PER12x FY17 |
03/18/16 | CIMB | Del Monte | 0.32 | 0.4 | Add | PER11.3x FY17 |
05/18/16 | CIMB | Del Monte | 0.305 | 0.4 | Add | |
06/30/16 | DBS Vickers | Del Monte | 0.355 | 0.37 | Hold | |
06/30/16 | Lim & Tan | Del Monte | 0.355 | 0 | Hold | |
06/30/16 | UOB Kay Hian | Del Monte | 0.355 | 0.47 | Buy | PER11.6x FY18 |
07/04/16 | CIMB | Del Monte | 0.34 | 0.38 | Add | PER11.3x CY17 |
09/13/16 | CIMB | Del Monte | 0.355 | 0.38 | Hold | |
09/13/16 | DBS Vickers | Del Monte | 0.355 | 0.37 | Hold | |
09/14/16 | UOB Kay Hian | Del Monte | 0.345 | 0.41 | Buy | PER11.5x |
12/07/16 | DBS Vickers | Del Monte | 0.355 | 0.37 | Hold | PER12x FY17/18 |
12/07/16 | UOB Kay Hian | Del Monte | 0.355 | 0.4 | Hold | PER11.3x FY17, Buy @ $0.34 |
12/09/16 | CIMB | Del Monte | 0.335 | 0.36 | Hold | PER11.3x |
03/13/17 | DBS Vickers | Del Monte | 0.345 | 0.36 | Hold | PER12x FY18 |
03/14/17 | Lim & Tan | Del Monte | 0.345 | 0 | Neutral | |
03/15/17 | CIMB | Del Monte | 0.345 | 0.35 | Hold | PER11.3x FY17 |
06/29/17 | DBS Vickers | Del Monte | 0.34 | 0.36 | Hold | PER12x |
07/04/17 | DBS Vickers | Del Monte | 0.325 | 0.32 | Hold | PER15x FY18/19 |
09/08/17 | Lim & Tan | Del Monte | 0.31 | 0 | Hold |
DBS Bank - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/16 | UOB Kay Hian | DBS | 16.69 | 22.34 | Buy | |
01/05/16 | CIMB | DBS | 16.28 | 19.58 | Add | GGM, PB1.16x CY16 |
01/08/16 | DIR | DBS | 15.7 | 22.1 | Buy | |
01/14/16 | Macquarie | DBS | 14.93 | 16 | Neutral | PB, Buy @ $13.30 PB0.8x FY16 |
01/18/16 | Deutsche | DBS | 14.46 | 19.8 | Buy | GGM, PB1.2x |
01/18/16 | DMG & Partners | DBS | 14.46 | 21.1 | Buy | GGM, PB1.26x FY16 |
01/18/16 | Goldman Sachs | DBS | 14.46 | 18 | Buy | |
01/29/16 | Credit Suisse | DBS | 13.54 | 22 | Outperform | |
01/29/16 | JP Morgan | DBS | 13.54 | 18 | Overweight | |
02/04/16 | Nomura | DBS | 13.27 | 22.6 | Buy | |
02/04/16 | UOB Kay Hian | DBS | 13.27 | 17.8 | Buy | GGM, PB1.1x |
02/11/16 | UBS | DBS | 13.38 | 15.6 | Buy | PER8.4x FY16 |
02/22/16 | Citigroup | DBS | 13.68 | 16.55 | Buy | |
02/22/16 | Deutsche | DBS | 13.68 | 19.8 | Buy | |
02/22/16 | Lim & Tan | DBS | 13.68 | 0 | Buy | |
02/22/16 | OCBC | DBS | 13.68 | 17.5 | Buy | PB0.9x |
02/23/16 | Amfrasers | DBS | 13.62 | 16.17 | Buy | |
02/23/16 | CIMB | DBS | 13.62 | 18.26 | Add | GGM, PB1.08x CY16 |
02/23/16 | Credit Suisse | DBS | 13.62 | 17 | Outperform | |
02/23/16 | DIR | DBS | 13.62 | 19.7 | Buy | Warranted Equity Method |
02/23/16 | DMG & Partners | DBS | 13.62 | 16.7 | Buy | GGM, PB1x FY16 |
02/23/16 | Jefferies | DBS | 13.62 | 11 | Underperform | |
02/23/16 | Kim Eng | DBS | 13.62 | 12.68 | Sell | PB0.75x FY16 |
02/23/16 | UOB Kay Hian | DBS | 13.62 | 17.48 | Buy | GGM, PB1.06x |
02/24/16 | Macquarie | DBS | 13.69 | 16 | Neutral | |
02/25/16 | Goldman Sachs | DBS | 13.4 | 17.5 | Buy | |
02/25/16 | phillip | DBS | 13.4 | 15.35 | Accumulate | PB0.95x FY16 |
03/04/16 | JP Morgan | DBS | 14.71 | 16 | Overweight | |
03/07/16 | DMG & Partners | DBS | 15.36 | 16.7 | Buy | |
03/24/16 | DIR | DBS | 15.57 | 20.3 | Buy | |
03/24/16 | Kim Eng | DBS | 15.57 | 12.68 | Sell | |
03/24/16 | UOB Kay Hian | DBS | 15.57 | 17.48 | Buy | GGM, PB1.06x FY16 |
04/07/16 | UBS | DBS | 15.03 | 16.4 | Neutral | |
04/07/16 | UOB Kay Hian | DBS | 15.03 | 19.25 | Buy | GGM, PB1.14x |
04/26/16 | HSBC | DBS | 15.7 | 20 | Buy | GGM, PB1.2x FY16, PER11x FY16 |
04/27/16 | DIR | DBS | 15.68 | 20.3 | Buy | |
05/03/16 | Goldman Sachs | DBS | 15.28 | 16.9 | Buy | |
05/03/16 | Lim & Tan | DBS | 15.28 | 0 | Buy | Bloomberg consensus target $17.12 |
05/04/16 | Amfrasers | DBS | 15.35 | 16.3 | Buy | |
05/04/16 | CIMB | DBS | 15.35 | 17.96 | Add | GGM, PB1.05x CY16 |
05/04/16 | Credit Suisse | DBS | 15.35 | 17 | Outperform | |
05/04/16 | DIR | DBS | 15.35 | 20.5 | Buy | Warranted Equity Method, PB1.19x |
05/04/16 | DMG & Partners | DBS | 15.35 | 17.3 | Buy | GGM, PB1x FY16 |
05/04/16 | Jefferies | DBS | 15.35 | 12 | Underperform | |
05/04/16 | Kim Eng | DBS | 15.35 | 13.4 | Sell | |
05/04/16 | OCBC | DBS | 15.35 | 17.5 | Buy | |
05/04/16 | UOB Kay Hian | DBS | 15.35 | 19.22 | Buy | GGM, PB1.13x |
05/05/16 | phillip | DBS | 15.35 | 16.09 | Accumulate | PB0.95x FY16 |
05/19/16 | Jefferies | DBS | 15.07 | 12 | Underperform | |
05/19/16 | UOB Kay Hian | DBS | 15.07 | 19.3 | Buy | GGM, PB1.14x |
06/01/16 | Amfrasers | DBS | 15.5 | 16.3 | Buy | |
06/01/16 | Goldman Sachs | DBS | 15.5 | 18 | Buy | |
06/09/16 | DIR | DBS | 15.93 | 20.5 | Buy | |
06/10/16 | Deutsche | DBS | 15.9 | 19.8 | Buy | |
06/15/16 | UOB Kay Hian | DBS | 15.64 | 19.3 | Buy | |
06/30/16 | Goldman Sachs | DBS | 15.53 | 17.7 | Buy | |
06/30/16 | Kim Eng | DBS | 15.53 | 13.4 | Sell | |
07/14/16 | UOB Kay Hian | DBS | 15.99 | 19.3 | Buy | GGM, PB1.14x FY16 |
07/19/16 | CIMB | DBS | 16.19 | 17.96 | Add | |
07/19/16 | DIR | DBS | 16.19 | 20.5 | Buy | |
07/29/16 | Goldman Sachs | DBS | 15.88 | 17.5 | Buy | |
07/29/16 | Lim & Tan | DBS | 15.88 | 0 | Hold | |
08/01/16 | DIR | DBS | 15.41 | 20.5 | Buy | |
08/01/16 | Macquarie | DBS | 15.41 | 15 | Neutral | |
08/01/16 | UOB Kay Hian | DBS | 15.41 | 18.9 | Buy | GGM, PB1.12x |
08/04/16 | JP Morgan | DBS | 15.09 | 15 | Neutral | |
08/08/16 | Citigroup | DBS | 14.83 | 13.68 | Sell | |
08/08/16 | Lim & Tan | DBS | 14.83 | 0 | Hold | |
08/10/16 | CIMB | DBS | 15.04 | 15.31 | Hold | GGM |
08/10/16 | Deutsche | DBS | 15.04 | 18.5 | Buy | |
08/10/16 | DMG & Partners | DBS | 15.04 | 17.3 | Buy | GGM, PB1x FY16, PER10.5x |
08/10/16 | Kim Eng | DBS | 15.04 | 14.3 | Sell | PB0.8x FY17 |
08/10/16 | phillip | DBS | 15.04 | 16.09 | Accumulate | PB0.95x FY16 |
08/10/16 | UOB Kay Hian | DBS | 15.04 | 19.15 | Buy | GGM, PB1.13x FY16 |
08/12/16 | Credit Suisse | DBS | 14.95 | 15.8 | Neutral | |
08/17/16 | OCBC | DBS | 14.81 | 16.68 | Buy | |
08/30/16 | UOB Kay Hian | DBS | 15.03 | 17.8 | Buy | GGM, PB1.05x |
09/02/16 | DIR | DBS | 15.03 | 22 | Buy | Warranted Equity Method |
09/07/16 | Macquarie | DBS | 15.43 | 17 | Outperform | |
09/09/16 | Credit Suisse | DBS | 15.55 | 14.8 | Underperform | |
10/03/16 | Kim Eng | DBS | 15.39 | 14.3 | Sell | |
10/05/16 | DMG & Partners | DBS | 15.36 | 17.3 | Buy | |
10/07/16 | OCBC | DBS | 15.39 | 16.68 | Buy | |
10/11/16 | UOB Kay Hian | DBS | 15.38 | 17.8 | Buy | |
10/12/16 | Goldman Sachs | DBS | 15.37 | 17.6 | Buy | |
10/17/16 | DIR | DBS | 15.03 | 22 | Buy | |
10/19/16 | CIMB | DBS | 15.06 | 15.31 | Hold | |
10/26/16 | Deutsche | DBS | 15.06 | 18.5 | Buy | |
10/31/16 | Citigroup | DBS | 14.9 | 15.25 | Hold | |
10/31/16 | Lim & Tan | DBS | 14.9 | 0 | Hold | |
11/01/16 | CIMB | DBS | 15 | 15.4 | Hold | GGM, PB0.86x CY17 |
11/01/16 | DIR | DBS | 15 | 22.4 | Buy | Warranted Equity Method |
11/01/16 | DMG & Partners | DBS | 15 | 17.3 | Buy | GGM |
11/01/16 | Jefferies | DBS | 15 | 14 | Hold | |
11/01/16 | Kim Eng | DBS | 15 | 14.55 | Hold | GGM, PB0.8x FY17 |
11/01/16 | Macquarie | DBS | 15 | 17 | Outperform | |
11/01/16 | phillip | DBS | 15 | 15.71 | Accumulate | PB0.95x FY16 |
11/01/16 | UOB Kay Hian | DBS | 15 | 18.98 | Buy | GGM, PB1.05x FY16 |
11/07/16 | Credit Suisse | DBS | 14.93 | 14.8 | Underperform | |
11/24/16 | Citigroup | DBS | 16.76 | 19.5 | Buy | |
11/24/16 | DMG & Partners | DBS | 16.76 | 18.38 | Buy | GGM |
11/25/16 | Credit Suisse | DBS | 16.8 | 18.93 | Outperform | |
11/28/16 | UOB Kay Hian | DBS | 17.05 | 20.15 | Buy | GGM, PB1.12x FY17 |
12/05/16 | Kim Eng | DBS | 17.89 | 15.68 | Hold | GGM, PB0.9x FY17 |
12/06/16 | CIMB | DBS | 17.97 | 15.4 | Hold | GGM, PB0.86x CY17 |
12/07/16 | Deutsche | DBS | 18.16 | 18.5 | Buy | |
12/08/16 | Citigroup | DBS | 18.32 | 19.5 | Buy | |
01/03/17 | DMG & Partners | DBS | 17.34 | 18.38 | Buy | |
01/04/17 | Kim Eng | DBS | 17.32 | 15.68 | Hold | |
01/05/17 | Credit Suisse | DBS | 17.52 | 18.93 | Outperform | |
01/06/17 | UOB Kay Hian | DBS | 17.8 | 21.2 | Buy | GGM, PB1.17x FY17 |
01/10/17 | OCBC | DBS | 17.85 | 17.83 | Hold | PB1x |
01/11/17 | DIR | DBS | 17.99 | 22.4 | Buy | |
01/16/17 | Jefferies | DBS | 18.31 | 14 | Underperform | |
01/16/17 | phillip | DBS | 18.31 | 16.85 | Neutral | PB0.95x FY17 |
02/02/17 | Lim & Tan | DBS | 18.88 | 0 | Hold | |
02/02/17 | UOB Kay Hian | DBS | 18.88 | 21.2 | Buy | GGM, PB1.17x FY17 |
02/03/17 | CIMB | DBS | 18.78 | 15.4 | Hold | |
02/06/17 | Macquarie | DBS | 18.66 | 21.5 | Outperform | |
02/16/17 | Lim & Tan | DBS | 18.23 | 0 | Take profit/Sell | Buy @ $16.87 |
02/17/17 | CIMB | DBS | 18.54 | 17.66 | Hold | GGM, PB0.99x CY17 |
02/17/17 | Credit Suisse | DBS | 18.54 | 19.8 | Neutral | |
02/17/17 | DIR | DBS | 18.54 | 22.5 | Buy | Warranted Equity Method, PB1.24x |
02/17/17 | DMG & Partners | DBS | 18.54 | 19.8 | Neutral | GGM, PB1.1x FY17 |
02/17/17 | Kim Eng | DBS | 18.54 | 18.13 | Hold | PB1x FY17 |
02/17/17 | phillip | DBS | 18.54 | 16.73 | Reduce | PB0.95x FY17 |
02/17/17 | UOB Kay Hian | DBS | 18.54 | 21.5 | Buy | GGM, PB1.19x FY17 |
03/03/17 | CIMB | DBS | 19.03 | 17.66 | Hold | |
03/03/17 | Jefferies | DBS | 19.03 | 16.2 | Underperform | |
03/06/17 | Macquarie | DBS | 18.97 | 21 | Outperform | |
03/14/17 | UOB Kay Hian | DBS | 19.11 | 21.5 | Buy | GGM, PB1.19x FY17 |
03/21/17 | Kim Eng | DBS | 19.01 | 18.13 | Hold | PB1x |
04/03/17 | Kim Eng | DBS | 19.4 | 18.13 | Hold | |
04/18/17 | DIR | DBS | 18.9 | 22.5 | Buy | |
04/20/17 | UOB Kay Hian | DBS | 18.79 | 21.5 | Buy | GGM, PB1.19x FY17 |
04/25/17 | CIMB | DBS | 19 | 17.66 | Hold | |
05/02/17 | Bernstein | DBS | 19.35 | 22 | Outperform | |
05/03/17 | CIMB | DBS | 19.86 | 18.75 | Hold | GGM, PB1.04x CY17 |
05/03/17 | Credit Suisse | DBS | 19.86 | 22.6 | Outperform | |
05/03/17 | DMG & Partners | DBS | 19.86 | 20.5 | Neutral | |
05/03/17 | Kim Eng | DBS | 19.86 | 19.18 | Hold | PB1.1x FY18 |
05/03/17 | Lim & Tan | DBS | 19.86 | 0 | Hold | |
05/03/17 | phillip | DBS | 19.86 | 17.24 | Reduce | PB0.95x FY17 |
05/03/17 | UOB Kay Hian | DBS | 19.86 | 23.3 | Buy | GGM, PB1.25x FY17 |
05/08/17 | Macquarie | DBS | 20.42 | 21 | Outperform | |
05/18/17 | DIR | DBS | 20.8 | 23 | Outperform | |
05/23/17 | Jefferies | DBS | 20.86 | 22.5 | Buy | DDM |
05/31/17 | Macquarie | DBS | 20.6 | 22 | Outperform | |
06/08/17 | UOB Kay Hian | DBS | 20.43 | 23.3 | Buy | |
06/09/17 | Credit Suisse | DBS | 20.47 | 22.6 | Outperform | |
06/09/17 | Deutsche | DBS | 20.47 | 21 | Buy | GGM, PB1.3x |
06/14/17 | Kim Eng | DBS | 20.78 | 19.18 | Hold | PB1.1x FY18 |
06/22/17 | Macquarie | DBS | 20.4 | 22.2 | Outperform | PB1.22x |
06/28/17 | DMG & Partners | DBS | 20.26 | 20.5 | Neutral | |
07/03/17 | Kim Eng | DBS | 20.74 | 19.18 | Hold | |
07/04/17 | UOB Kay Hian | DBS | 20.65 | 25.25 | Buy | GGM, PB1.3x FY18 |
07/12/17 | Credit Suisse | DBS | 20.77 | 22.7 | Outperform | |
08/02/17 | Macquarie | DBS | 21.95 | 22.2 | Outperform | PB1.22x |
08/04/17 | Lim & Tan | DBS | 22.08 | 0 | Hold | |
08/04/17 | DMG & Partners | DBS | 22.08 | 20.65 | Neutral | GGM, PB1.1x FY17 |
08/04/17 | OCBC | DBS | 22.08 | 22.5 | Hold | Buy @ $21 or lower |
08/07/17 | CIMB | DBS | 21.49 | 21.5 | Hold | GGM |
08/07/17 | DIR | DBS | 21.49 | 23 | Outperform | Warranted Equity Method, PB1.24x |
08/07/17 | UOB Kay Hian | DBS | 21.49 | 24.85 | Buy | GGM, PB1.29x FY18 |
08/07/17 | Kim Eng | DBS | 21.49 | 19.18 | Hold | |
08/07/17 | phillip | DBS | 21.49 | 17.92 | Reduce | GGM, PB0.98x FY18 |
08/22/17 | Kim Eng | DBS | 20.49 | 21.5 | Hold | GGM, PB1x FY18 |
08/23/17 | Deutsche | DBS | 20.54 | 22 | Hold | |
09/05/17 | OCBC | DBS | 20.35 | 22.4 | Hold | |
09/12/17 | DMG & Partners | DBS | 20.43 | 20.65 | Neutral | PB1x FY18 |
09/14/17 | OCBC | DBS | 20.38 | 22.5 | Buy | |
09/18/17 | phillip | DBS | 20.06 | 21.45 | Accumulate | GGM, PB1.2x FY17 |
09/18/17 | Kim Eng | DBS | 20.06 | 21.5 | Hold | |
09/21/17 | DIR | DBS | 20.48 | 23.3 | Outperform | GGM, PB1.24x |
10/09/17 | DIR | DBS | 21.5 | 23.3 | Outperform | |
10/20/17 | UOB Kay Hian | DBS | 21.7 | 24.48 | Buy | GGM, PB1.27x FY17 |
10/20/17 | phillip | DBS | 21.7 | 25.7 | Buy | |
11/01/17 | UOB Kay Hian | DBS | 22.78 | 24.48 | Buy | GGM, PB1.27x FY18 |
11/06/17 | DMG & Partners | DBS | 22.97 | 20.65 | Neutral | |
11/06/17 | Lim & Tan | DBS | 22.97 | 0 | Neutral | |
11/07/17 | Kim Eng | DBS | 22.79 | 22.75 | Hold | GGM, PB1.2x FY18 |
11/07/17 | UOB Kay Hian | DBS | 22.79 | 24.4 | Buy | GGM, PB1.3x FY18 |
11/07/17 | Credit Suisse | DBS | 22.79 | 25.3 | Outperform | |
11/07/17 | DMG & Partners | DBS | 22.79 | 21.45 | Neutral | GGM, PB1.08x FY18 |
11/08/17 | phillip | DBS | 23.49 | 26.83 | Buy | GGM, PB1.39x FY18 |
11/20/17 | CIMB | DBS | 24.13 | 25 | Add | |
11/20/17 | UOB Kay Hian | DBS | 24.13 | 26.1 | Buy | GGM, PB1.38x FY17 |
11/20/17 | Credit Suisse | DBS | 24.13 | 27.4 | Outperform | |
11/21/17 | DMG & Partners | DBS | 23.86 | 23.33 | Neutral | GGM |
11/27/17 | phillip | DBS | 25.1 | 29.3 | Buy | GGM, PB1.51x FY18 |
12/01/17 | UOB Kay Hian | DBS | 24.43 | 26.1 | Buy | GGM, PB1.38x FY18 |
12/08/17 | phillip | DBS | 24.24 | 29.3 | Buy | |
12/13/17 | OCBC | DBS | 25.2 | 27.4 | Buy | GGM, PB1.4x |
Stock calls for 13 December 2017
Date | Analyst | Company | Last | Target | Call | Valuation |
12/13/17 | Kim Eng | Bumitama | 0.76 | 0.95 | Buy | PER11x FY18 |
12/13/17 | DMG & Partners | Bumitama | 0.76 | 0.95 | Buy | |
12/13/17 | DBS Vickers | CapitaRetail China | 1.6 | 1.75 | Buy | DCF |
12/13/17 | OCBC | DBS | 25.2 | 27.4 | Buy | GGM, PB1.4x |
12/13/17 | Kim Eng | First Resources | 1.88 | 2.04 | Hold | |
12/13/17 | DMG & Partners | First Resources | 1.88 | 2.03 | Neutral | PER12x FY18 |
12/13/17 | Amfrasers | First Ship Lease Trust | 0.082 | 0.15 | Buy | DCF |
12/13/17 | DBS Vickers | Jumbo | 0.585 | 0.7 | Buy | DCF |
12/13/17 | Kim Eng | Jumbo | 0.585 | 0.7 | Buy | DCF |
12/13/17 | OCBC | Lippo-Malls Indo | 0.415 | 0.46 | Buy | |
12/13/17 | DBS Vickers | SPH Reit | 1.04 | 1.07 | Hold | DCF |
12/13/17 | Phillip | Thai Beverage | 0.955 | 1.18 | Buy | Sum of parts |
12/13/17 | CIMB | Thai Beverage | 0.955 | 1.15 | Add | Sum of parts |
12/13/17 | DMG & Partners | Wilmar | 3.11 | 3.31 | Neutral | Sum of parts |
The truth of the Rohingya and the main culprit was UK.
https://sg.news.yahoo.com/21-rohingya-women-recount-rape-053951916.html
The UK planted this seed of hatred between Myanmar & Rohingya during the British colonial era by introducing Rohingya into Myanmar in huge numbers to counter the Japanese imperialism. During those dark days, the Rohingya killed many Myanmar people and the UK connived at such atrocity because of its political interest.
http://www.news.com.au/world/asia/who-are-the-rohingya-and-what-is-happening-in-myanmar/news-story/90d31fcdcef5c9bd7bc5f34e844eb2a5
https://sputniknews.com/analysis/201709191057521700-rohingya-crisis-british-empire/
Therefore, the Myanmar military is taking revenge now by doing the same act against the Rohingya. Many western media selectively omit to report the past atrocities committed by the Rohingya people.
This was the reason why Aung San Suu Kyi was silent about the killings because she understood the history very well. She was also powerless to go against the Myanmar military as the military was taking a tit-for-tat action due to the historical burden. If she were to go all out to protect the Rohingya people, the Myanmar military would go against her completely and branded her as a western puppet and traitor.
Who was to blame for this ethnic cleansing then? The main culprit was UK!
The UK planted this seed of hatred between Myanmar & Rohingya during the British colonial era by introducing Rohingya into Myanmar in huge numbers to counter the Japanese imperialism. During those dark days, the Rohingya killed many Myanmar people and the UK connived at such atrocity because of its political interest.
http://www.news.com.au/world/asia/who-are-the-rohingya-and-what-is-happening-in-myanmar/news-story/90d31fcdcef5c9bd7bc5f34e844eb2a5
https://sputniknews.com/analysis/201709191057521700-rohingya-crisis-british-empire/
Therefore, the Myanmar military is taking revenge now by doing the same act against the Rohingya. Many western media selectively omit to report the past atrocities committed by the Rohingya people.
This was the reason why Aung San Suu Kyi was silent about the killings because she understood the history very well. She was also powerless to go against the Myanmar military as the military was taking a tit-for-tat action due to the historical burden. If she were to go all out to protect the Rohingya people, the Myanmar military would go against her completely and branded her as a western puppet and traitor.
Who was to blame for this ethnic cleansing then? The main culprit was UK!
Noble share price will tank into the abyss after the debt-to-equity swap restructuring.
https://finance.yahoo.com/news/noble-group-moves-toward-debt-171154045.html
Noble's market capitalization is around $190m but its debt is $3.5B. A majority of that debt has to be converted into equity for Noble to survive. Therefore, Noble's share price will tank into the abyss and Noble will announce a stock consolidation after the debt-to-equity swap to avoid the "penny" stock status.
Noble's debt of $3.5b is about 18.4x of its market capitalization of $190m and it is selling its golden goose assets. In the end, it has no positive income-generating businesses left.
Will the creditors accept such a restructuring plan knowing that Noble has no more golden goose assets?
Noble's market capitalization is around $190m but its debt is $3.5B. A majority of that debt has to be converted into equity for Noble to survive. Therefore, Noble's share price will tank into the abyss and Noble will announce a stock consolidation after the debt-to-equity swap to avoid the "penny" stock status.
Noble's debt of $3.5b is about 18.4x of its market capitalization of $190m and it is selling its golden goose assets. In the end, it has no positive income-generating businesses left.
Will the creditors accept such a restructuring plan knowing that Noble has no more golden goose assets?
Tuesday, December 12, 2017
Dairy Farm - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/04/16 | Lim & Tan | Dairy Farm | 6.14 | 0 | Buy | |
03/10/16 | DBS Vickers | Dairy Farm | 5.85 | 7.03 | Buy | Sum of parts |
03/21/16 | DMG & Partners | Dairy Farm | 5.94 | 8.5 | Buy | |
05/06/16 | DMG & Partners | Dairy Farm | 6.73 | 8.5 | Buy | |
05/19/16 | CIMB | Dairy Farm | 6.56 | 6.75 | Hold | PER20x CY17 |
07/29/16 | CIMB | Dairy Farm | 6.74 | 6.75 | Hold | PER20x CY17 |
08/02/16 | DBS Vickers | Dairy Farm | 6.6 | 7.18 | Buy | Sum of parts |
08/08/16 | DMG & Partners | Dairy Farm | 6.8 | 8.6 | Buy | |
11/11/16 | CIMB | Dairy Farm | 7.19 | 8.7 | Add | PER23.7x CY18 |
12/06/16 | CIMB | Dairy Farm | 7.21 | 8.7 | Add | PER23.7x CY18 |
12/08/16 | DBS Vickers | Dairy Farm | 7.3 | 7.18 | Buy | |
01/03/17 | DMG & Partners | Dairy Farm | 7.19 | 8.6 | Buy | DCF, PER21x FY17 |
01/12/17 | DMG & Partners | Dairy Farm | 7.26 | 8.5 | Buy | DCF |
01/20/17 | CIMB | Dairy Farm | 7.37 | 8.7 | Add | |
03/03/17 | CIMB | Dairy Farm | 8.44 | 9.18 | Add | PER23.7x CY18 |
03/06/17 | DBS Vickers | Dairy Farm | 8.51 | 9.96 | Buy | Sum of parts |
03/06/17 | DMG & Partners | Dairy Farm | 8.51 | 10 | Buy | DCF |
03/06/17 | Lim & Tan | Dairy Farm | 8.51 | 0 | Hold | PER23x |
03/16/17 | DIR | Dairy Farm | 8.95 | 10.3 | Outperform | PER26.5x FY17 |
05/02/17 | DMG & Partners | Dairy Farm | 8.9 | 10 | Buy | |
05/05/17 | CIMB | Dairy Farm | 8.89 | 9.18 | Add | PER23.7x CY18 |
06/16/17 | DMG & Partners | Dairy Farm | 8.04 | 10 | Buy | DCF, PER26x FY17 |
06/30/17 | DIR | Dairy Farm | 7.92 | 10.5 | Buy | PER26.5x FY17 |
07/04/17 | DMG & Partners | Dairy Farm | 7.95 | 10 | Buy | |
07/10/17 | DBS Vickers | Dairy Farm | 8.14 | 9.96 | Buy | |
08/02/17 | DMG & Partners | Dairy Farm | 8.02 | 10 | Buy | |
08/04/17 | CIMB | Dairy Farm | 8.06 | 9.18 | Add | PER23.7x CY18 |
08/07/17 | DIR | Dairy Farm | 7.72 | 10 | Buy | PER26.5x FY18 |
08/07/17 | DMG & Partners | Dairy Farm | 7.72 | 9.53 | Buy | DCF |
08/10/17 | DBS Vickers | Dairy Farm | 7.81 | 9.89 | Buy | Sum of parts |
09/14/17 | DIR | Dairy Farm | 8.06 | 10 | Buy | PER26.5x FY18 |
09/27/17 | phillip | Dairy Farm | 7.48 | 9.89 | Buy | Sum of parts |
11/29/17 | DMG & Partners | Dairy Farm | 8.31 | 9.53 | Buy | |
12/04/17 | phillip | Dairy Farm | 8.08 | 9.89 | Buy |
CWT - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/18/16 | CIMB | CWT | 1.8 | 1.92 | Hold | Sum of parts |
02/19/16 | OCBC | CWT | 1.82 | 1.95 | Hold | |
05/06/16 | CIMB | CWT | 2.02 | 1.92 | Hold | Sum of parts |
05/16/16 | OCBC | CWT | 2.12 | 1.95 | Hold | |
08/15/16 | OCBC | CWT | 2.02 | 1.93 | Hold | Sum of parts |
11/03/16 | OCBC | CWT | 1.96 | 1.9 | Hold | Sum of parts |
02/27/17 | OCBC | CWT | 2.08 | 1.95 | Hold | Sum of parts |
04/05/17 | OCBC | CWT | 2.02 | 1.95 | Hold | |
04/10/17 | OCBC | CWT | 2.07 | 1.95 | Accept Offer | Offer price $2.33 |
05/11/17 | OCBC | CWT | 2.25 | 1.95 | Accept Offer | Offer price $2.33 |
07/11/17 | OCBC | CWT | 2.22 | 1.95 | Accept Offer | Offer price $2.33 |
08/02/17 | OCBC | CWT | 2.12 | 1.91 | Accept Offer | Sum of parts, Offer price $2.33 |
09/08/17 | OCBC | CWT | 2.28 | 2.33 | Accept Offer | Offer price $2.33 |
10/04/17 | Lim & Tan | CWT | 2.34 | 2.33 | Accept Offer | Offer price $2.33 |
Stock calls for 12 December 2017
Date | Analyst | Company | Last | Target | Call | Valuation |
12/12/17 | phillip | City Developments | 12.57 | 12.1 | Accumulate | RNAV (15% discount) |
12/12/17 | DBS Vickers | Comfortdelgro | 2.03 | 2.18 | Hold | |
12/12/17 | DBS Vickers | Roxy-Pacific | 0.53 | 0.69 | Buy | RNAV (30% discount) |
12/12/17 | UOB Kay Hian | Sembcorp Industries | 3.04 | 3.87 | Buy | Sum of parts |
USA's subway suffered its 1st terrorist attack after Jerusalem capital recognition.
http://www.nydailynews.com/new-york/manhattan/explosion-reported-port-authority-bus-terminal-article-1.3690939
Is this a coincidence or a premeditated terrorist attack against Jerusalem capital recognition?
Almost the whole world is against the Jerusalem capital recognition except for Israel and USA.
Since the USA started this mess, I won't pity the USA when it is under terrorist attack. The USA just reaps what it sows.
Is this a coincidence or a premeditated terrorist attack against Jerusalem capital recognition?
Almost the whole world is against the Jerusalem capital recognition except for Israel and USA.
Since the USA started this mess, I won't pity the USA when it is under terrorist attack. The USA just reaps what it sows.
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