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Monday, March 12, 2018

Singtel - Stock calls


Date Analyst Company Last Target Call Valuation
02/15/16 DMG & Partners SingHaiyi 0.104 0.14 Buy RNAV
01/04/16 UOB Kay Hian Singtel 3.67 4.56 Buy
01/07/16 UOB Kay Hian Singtel 3.53 4.42 Buy DCF
01/18/16 Citigroup Singtel 3.56 4.18 Buy
01/18/16 Credit Suisse Singtel 3.56 4.2 Outperform
01/18/16 DMG & Partners Singtel 3.56 3.9 Neutral
01/18/16 OCBC Singtel 3.56 4.17 Buy
01/26/16 Deutsche Singtel 3.47 4.6 Buy
02/12/16 CIMB Singtel 3.54 4.5 Add Sum of parts
02/12/16 Citigroup Singtel 3.54 4 Buy
02/12/16 Lim & Tan Singtel 3.54 0 Hold
02/12/16 UBS Singtel 3.54 4.25 Buy
02/15/16 Deutsche Singtel 3.58 4.6 Buy
02/15/16 DMG & Partners Singtel 3.58 3.7 Neutral Sum of parts
02/15/16 Kim Eng Singtel 3.58 4.4 Buy Sum of parts
02/15/16 OCBC Singtel 3.58 3.96 Buy Sum of parts
02/15/16 UOB Kay Hian Singtel 3.58 4.42 Buy DCF
02/19/16 Credit Suisse Singtel 3.76 4.2 Outperform
03/01/16 UOB Kay Hian Singtel 3.73 4.42 Buy
03/04/16 Deutsche Singtel 3.8 4.6 Buy
03/15/16 CIMB Singtel 3.8 4.5 Add
03/16/16 OCBC Singtel 3.82 3.96 Buy
03/21/16 Credit Suisse Singtel 3.89 4.2 Outperform
03/28/16 UOB Kay Hian Singtel 3.82 4.41 Buy Probability weighted
03/29/16 Nomura Singtel 3.82 4.25 Buy
04/06/16 OCBC Singtel 3.74 3.96 Buy
04/07/16 Credit Suisse Singtel 3.77 4.2 Outperform Sum of parts
04/13/16 Credit Suisse Singtel 3.69 4.35 Outperform
04/22/16 UOB Kay Hian Singtel 3.97 4.41 Buy
05/10/16 UOB Kay Hian Singtel 3.89 4.41 Buy Probability weighted
05/12/16 Citigroup Singtel 3.84 4.25 Buy
05/12/16 UOB Kay Hian Singtel 3.84 4.35 Buy
05/13/16 BNP Paribas Singtel 3.89 4.36 Buy
05/13/16 CIMB Singtel 3.89 4.5 Add Sum of parts
05/13/16 DIR Singtel 3.89 3.9 Hold Sum of parts
05/13/16 UBS Singtel 3.89 4.5 Buy
05/13/16 UOB Kay Hian Singtel 3.89 4.38 Buy DCF
05/26/16 OCBC Singtel 3.82 4.09 Buy Sum of parts
06/01/16 Credit Suisse Singtel 3.87 4.4 Outperform
06/01/16 DIR Singtel 3.87 3.9 Hold Sum of parts
06/03/16 Nomura Singtel 3.89 4.25 Buy
06/10/16 Deutsche Singtel 3.95 4.6 Buy
06/13/16 Kim Eng Singtel 3.9 4.5 Buy
06/15/16 UOB Kay Hian Singtel 3.8 4.38 Buy
06/20/16 Credit Suisse Singtel 3.79 4.45 Outperform
06/20/16 UOB Kay Hian Singtel 3.79 4.35 Buy
06/21/16 CIMB Singtel 3.85 4.5 Add Sum of parts
07/04/16 BNP Paribas Singtel 4.14 4.55 Buy
07/07/16 Credit Suisse Singtel 4.15 4.45 Outperform
07/12/16 OCBC Singtel 4.23 4.29 Hold Sum of parts
07/13/16 Macquarie Singtel 4.31 4.42 Outperform
07/14/16 UOB Kay Hian Singtel 4.26 4.38 Buy
07/18/16 Kim Eng Singtel 4.28 4.5 Buy
08/12/16 CIMB Singtel 4.27 4.5 Add Sum of parts
08/12/16 Citigroup Singtel 4.27 4.75 Buy
08/12/16 Credit Suisse Singtel 4.27 4.75 Outperform
08/12/16 OCBC Singtel 4.27 4.26 Hold Buy @ $4
08/12/16 UOB Kay Hian Singtel 4.27 4.7 Buy Probability weighted
08/15/16 DMG & Partners Singtel 4.25 4 Neutral
08/17/16 CIMB Singtel 4.27 4.5 Add Sum of parts
08/18/16 BNP Paribas Singtel 4.21 4.55 Buy
08/18/16 Lim & Tan Singtel 4.21 0 Hold
08/19/16 Deutsche Singtel 4.2 4.45 Buy
08/19/16 Kim Eng Singtel 4.2 4.41 Hold DCF
08/19/16 Macquarie Singtel 4.2 4.42 Outperform
09/01/16 Citigroup Singtel 4.02 4.66 Buy
09/01/16 Credit Suisse Singtel 4.02 4.75 Outperform
09/02/16 CIMB Singtel 3.97 4.5 Add Sum of parts
09/02/16 Macquarie Singtel 3.97 4.42 Outperform
09/02/16 OCBC Singtel 3.97 4.26 Hold
09/02/16 UOB Kay Hian Singtel 3.97 4.61 Buy
09/05/16 Credit Suisse Singtel 3.87 4.65 Outperform
09/05/16 Kim Eng Singtel 3.87 3.7 Hold DCF
09/05/16 UOB Kay Hian Singtel 3.87 4.53 Buy DCF
09/06/16 Citigroup Singtel 3.95 4.55 Buy
10/04/16 Credit Suisse Singtel 3.86 4.55 Outperform
10/04/16 DIR Singtel 4.01 3.8 Hold Sum of parts
10/04/16 Macquarie Singtel 4.01 4.42 Outperform
10/27/16 OCBC Singtel 3.9 4.26 Hold
11/11/16 CIMB Singtel 3.84 4.5 Add Sum of parts
11/11/16 Credit Suisse Singtel 3.84 4.5 Outperform
11/11/16 DMG & Partners Singtel 3.84 4 Neutral
11/11/16 Kim Eng Singtel 3.84 3.68 Hold DCF
11/11/16 OCBC Singtel 3.84 4.4 Buy Sum of parts
11/11/16 UOB Kay Hian Singtel 3.84 4.53 Buy DCF
11/17/16 OCBC Singtel 3.66 4.51 Buy
11/25/16 OCBC Singtel 3.73 4.27 Buy Sum of parts
11/29/16 UBS Singtel 3.76 4.7 Buy
12/06/16 CIMB Singtel 3.77 4.5 Add
12/07/16 Deutsche Singtel 3.74 4.45 Buy
12/09/16 OCBC Singtel 3.79 4.27 Buy
12/15/16 Credit Suisse Singtel 3.76 4.5 Outperform
12/15/16 Lim & Tan Singtel 3.76 0 Buy
12/15/16 UOB Kay Hian Singtel 3.76 4.53 Buy
01/03/17 DMG & Partners Singtel 3.65 4 Neutral Sum of parts, EV/Ebita13x
01/03/17 UOB Kay Hian Singtel 3.65 4.53 Buy
01/05/17 Credit Suisse Singtel 3.67 4.5 Outperform
01/12/17 Deutsche Singtel 3.79 4.45 Buy
01/17/17 DIR Singtel 3.81 3.8 Hold Sum of parts
01/23/17 DBS Vickers Singtel 3.81 4.46 Buy Sum of parts
02/01/17 UOB Kay Hian Singtel 3.87 4.53 Buy DCF
02/09/17 Deutsche Singtel 3.84 4.6 Buy
02/09/17 Lim & Tan Singtel 3.84 0 Buy
02/09/17 OCBC Singtel 3.84 4.27 Buy
02/10/17 CIMB Singtel 3.88 4.1 Add Sum of parts
02/10/17 Credit Suisse Singtel 3.88 4.6 Outperform
02/10/17 DIR Singtel 3.88 3.8 Hold Sum of parts
02/10/17 DMG & Partners Singtel 3.88 4 Neutral Sum of parts, EV/Ebitda12.4x FY18
02/10/17 Kim Eng Singtel 3.88 3.7 Hold DCF
03/02/17 UOB Kay Hian Singtel 3.95 4.53 Buy
03/13/17 Credit Suisse Singtel 3.94 4.6 Outperform
03/17/17 OCBC Singtel 3.95 4.25 Buy
03/20/17 DMG & Partners Singtel 3.99 4 Buy
04/05/17 CIMB Singtel 3.92 4.1 Add
04/05/17 Credit Suisse Singtel 3.92 4.6 Outperform
04/05/17 DMG & Partners Singtel 3.92 4 Neutral
04/05/17 Kim Eng Singtel 3.92 3.72 Hold DCF
04/05/17 OCBC Singtel 3.92 4.25 Buy
04/13/17 Credit Suisse Singtel 3.82 4.5 Outperform
04/13/17 Macquarie Singtel 3.82 4.37 Outperform
05/19/17 CIMB Singtel 3.76 4.1 Add Sum of parts
05/19/17 Credit Suisse Singtel 3.76 4.5 Outperform
05/19/17 DIR Singtel 3.76 3.8 Hold Sum of parts
05/19/17 DMG & Partners Singtel 3.76 3.9 Neutral Sum of parts
05/19/17 Kim Eng Singtel 3.76 3.7 Hold DCF
05/19/17 Macquarie Singtel 3.76 4.32 Outperform
05/22/17 Lim & Tan Singtel 3.73 0 Buy
06/05/17 Lim & Tan Singtel 3.81 0 Buy
06/09/17 Credit Suisse Singtel 3.76 4.5 Outperform
06/09/17 Deutsche Singtel 3.76 4.6 Buy Sum of parts
06/22/17 Macquarie Singtel 3.77 4.3 Outperform
06/30/17 DMG & Partners Singtel 3.88 3.9 Neutral
07/11/17 Lim & Tan Singtel 3.9 0 Buy
07/14/17 Macquarie Singtel 3.86 4.32 Outperform
07/28/17 Credit Suisse Singtel 3.97 4.6 Outperform
08/02/17 DIR Singtel 3.86 3.94 Hold Sum of parts
08/11/17 CIMB Singtel 3.76 4.1 Add Sum of parts
08/11/17 Lim & Tan Singtel 3.76 0 Buy
08/14/17 Credit Suisse Singtel 3.75 4.6 Outperform
08/14/17 DMG & Partners Singtel 3.75 3.9 Neutral Sum of parts, EV/Ebita13.6x FY18
08/15/17 Macquarie Singtel 3.77 4.32 Outperform
09/11/17 OCBC Singtel 3.68 4.19 Buy
09/14/17 UOB Kay Hian Singtel 3.67 4.53 Buy DCF
09/14/17 Kim Eng Singtel 3.67 3.83 Hold Sum of parts
09/18/17 Credit Suisse Singtel 3.67 4.6 Outperform
09/20/17 Deutsche Singtel 3.68 4.4 Buy
09/25/17 CIMB Singtel 3.68 4.1 Add
09/28/17 DIR Singtel 3.71 3.94 Hold Sum of parts
10/02/17 DBS Vickers Singtel 3.68 4.3 Buy Sum of parts
10/04/17 UOB Kay Hian Singtel 3.68 4.53 Buy DCF
10/26/17 Credit Suisse Singtel 3.73 4.7 Outperform Sum of parts
11/02/17 UOB Kay Hian Singtel 3.75 4.53 Buy DCF
11/09/17 Kim Eng Singtel 3.78 3.87 Hold Sum of parts
11/10/17 CIMB Singtel 3.76 4.1 Add Sum of parts
11/10/17 Credit Suisse Singtel 3.76 4.7 Outperform
11/10/17 DMG & Partners Singtel 3.76 4.1 Neutral Sum of parts, PER16.6x FY18, EV/Ebitda15.1x FY18
11/10/17 OCBC Singtel 3.76 4.19 Buy
11/10/17 DBS Vickers Singtel 3.76 4.3 Buy Sum of parts
11/16/17 Lim & Tan Singtel 3.69 0 Buy
11/22/17 Macquarie Singtel 3.69 4.32 Outperform
12/06/17 UOB Kay Hian Singtel 3.75 4.53 Buy
12/20/17 CIMB Singtel 3.61 4.1 Add
01/04/18 UOB Kay Hian Singtel 3.59 4.53 Buy DCF
01/10/18 DMG & Partners Singtel 3.63 4.1 Neutral
01/26/18 DBS Vickers Singtel 3.62 4.3 Buy Sum of parts
02/07/18 OCBC Singtel 3.42 4.19 Buy
02/08/18 DMG & Partners Singtel 3.44 4.1 Buy Sum of parts
02/08/18 DBS Vickers Singtel 3.44 4.3 Buy
02/08/18 Lim & Tan Singtel 3.44 0 Buy on weakness
02/09/18 OCBC Singtel 3.4 4.15 Buy
02/09/18 UOB Kay Hian Singtel 3.4 4.4 Buy DCF
02/09/18 CIMB Singtel 3.4 4 Add
03/02/18 UOB Kay Hian Singtel 3.36 4.4 Buy

Singapore Post - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/16 UOB Kay Hian Singapore Post 1.64 2.18 Buy
01/11/16 CIMB Singapore Post 1.525 2.04 Add DCF
01/20/16 UOB Kay Hian Singapore Post 1.52 2.23 Buy DCF
02/05/16 CIMB Singapore Post 1.345 1.89 Add DCF
02/05/16 OCBC Singapore Post 1.345 1.37 Hold
02/05/16 UOB Kay Hian Singapore Post 1.345 2.22 Buy DCF
02/25/16 Lim & Tan Singapore Post 1.445 0 Hold
03/11/16 CIMB Singapore Post 1.6 1.89 Add DCF
03/11/16 UBS Singapore Post 1.6 1.7 Neutral
03/28/16 UOB Kay Hian Singapore Post 1.65 2.22 Buy
04/04/16 OCBC Singapore Post 1.61 1.37 Hold
04/05/16 Macquarie Singapore Post 1.63 2.15 Outperform
04/05/16 UOB Kay Hian Singapore Post 1.63 2.23 Buy DCF
05/11/16 CIMB Singapore Post 1.585 1.76 Add DCF
05/11/16 OCBC Singapore Post 1.585 1.56 Hold DCF
05/11/16 UOB Kay Hian Singapore Post 1.585 2.25 Buy DCF
05/17/16 Macquarie Singapore Post 1.57 2.15 Outperform
06/14/16 Kim Eng Singapore Post 1.57 1.29 Sell DCF, PER18x FY17
07/04/16 Deutsche Singapore Post 1.495 1.85 Buy Sum of parts (10% discount)
07/05/16 Lim & Tan Singapore Post 1.53 0 Hold
07/07/16 CIMB Singapore Post 1.53 1.49 Hold DCF
07/15/16 Kim Eng Singapore Post 1.57 1.29 Sell DCF
07/25/16 UOB Kay Hian Singapore Post 1.49 1.64 Hold DCF, Buy @ $1.40
08/05/16 CIMB Singapore Post 1.43 1.49 Hold DCF
08/05/16 Kim Eng Singapore Post 1.43 1.29 Sell DCF
08/05/16 Lim & Tan Singapore Post 1.43 0 Sell
08/05/16 UBS Singapore Post 1.43 1.53 Neutral
08/05/16 UOB Kay Hian Singapore Post 1.43 1.53 Hold DCF, Buy @ $1.38
08/08/16 OCBC Singapore Post 1.43 1.42 Hold
08/25/16 Macquarie Singapore Post 1.375 1.75 Outperform Sum of parts
09/16/16 UOB Kay Hian Singapore Post 1.4 1.53 Hold
09/20/16 Kim Eng Singapore Post 1.43 1.77 Buy
10/04/16 UOB Kay Hian Singapore Post 1.47 1.77 Buy Sum of parts
10/07/16 Nomura Singapore Post 1.52 2.11 Buy
10/11/16 Kim Eng Singapore Post 1.52 1.77 Buy DCF
10/12/16 CIMB Singapore Post 1.54 1.49 Hold DCF
10/28/16 CIMB Singapore Post 1.52 1.76 Add DCF
10/28/16 Lim & Tan Singapore Post 1.52 0 Buy
10/28/16 OCBC Singapore Post 1.52 1.42 Hold
11/02/16 Kim Eng Singapore Post 1.615 1.77 Buy DCF
11/07/16 CIMB Singapore Post 1.65 1.76 Add DCF
11/07/16 Kim Eng Singapore Post 1.65 1.75 Hold DCF
11/07/16 OCBC Singapore Post 1.65 1.47 Hold
11/07/16 UOB Kay Hian Singapore Post 1.65 1.76 Hold Sum of parts, Buy @ $1.55
12/06/16 CIMB Singapore Post 1.47 1.76 Add DCF
12/07/16 Deutsche Singapore Post 1.465 1.85 Buy
12/30/16 UOB Kay Hian Singapore Post 1.47 1.76 Hold Sum of parts
01/11/17 Deutsche Singapore Post 1.525 1.7 Buy Sum of parts
02/10/17 CIMB Singapore Post 1.475 1.76 Add DCF
02/13/17 CIMB Singapore Post 1.47 1.62 Add DCF, PER21x
02/13/17 Kim Eng Singapore Post 1.47 1.34 Hold
02/13/17 Lim & Tan Singapore Post 1.47 0 Neutral
02/13/17 OCBC Singapore Post 1.47 1.42 Hold
02/13/17 UOB Kay Hian Singapore Post 1.47 1.46 Hold Sum of parts, Buy @ $1.30
02/15/17 DBS Vickers Singapore Post 1.375 1.31 Hold DCF
03/07/17 OCBC Singapore Post 1.38 1.39 Hold
03/16/17 UOB Kay Hian Singapore Post 1.335 1.46 Hold Sum of parts, Buy @ $1.30
03/24/17 Kim Eng Singapore Post 1.325 1.34 Hold DCF
04/20/17 OCBC Singapore Post 1.365 1.39 Hold
05/09/17 UOB Kay Hian Singapore Post 1.4 1.46 Hold Sum of parts, Buy @ $1.30
05/15/17 CIMB Singapore Post 1.39 1.42 Hold DCF
05/15/17 OCBC Singapore Post 1.39 1.2 Sell
05/15/17 UOB Kay Hian Singapore Post 1.39 1.37 Hold Sum of parts, Buy @ $1.25
05/16/17 DBS Vickers Singapore Post 1.34 1.26 Hold DCF
05/18/17 Lim & Tan Singapore Post 1.31 0 Hold
06/15/17 OCBC Singapore Post 1.28 1.2 Hold
07/18/17 UOB Kay Hian Singapore Post 1.37 1.37 Hold Buy @ $1.25
07/26/17 DBS Vickers Singapore Post 1.335 1.26 Hold DCF
08/07/17 OCBC Singapore Post 1.32 1.22 Hold DCF
08/07/17 UOB Kay Hian Singapore Post 1.32 1.37 Hold Sum of parts, Buy @ $1.25
08/07/17 CIMB Singapore Post 1.32 1.35 Hold DCF
08/07/17 Kim Eng Singapore Post 1.32 1.22 Hold DCF
08/07/17 DBS Vickers Singapore Post 1.32 1.26 Hold DCF
09/14/17 OCBC Singapore Post 1.25 1.22 Hold
10/11/17 Kim Eng Singapore Post 1.275 1.22 Hold DCF
10/11/17 DBS Vickers Singapore Post 1.275 1.26 Hold DCF
11/15/17 Lim & Tan Singapore Post 1.3 0 Hold
11/16/17 DBS Vickers Singapore Post 1.28 1.23 Hold DCF
11/16/17 Kim Eng Singapore Post 1.28 1.5 Buy DCF
11/16/17 UOB Kay Hian Singapore Post 1.28 1.34 Hold Sum of parts, Buy @ $1.20
11/16/17 CIMB Singapore Post 1.28 1.28 Hold DCF
11/16/17 OCBC Singapore Post 1.28 1.26 Hold
11/20/17 Macquarie Singapore Post 1.29 0 Underperform
12/04/17 DBS Vickers Singapore Post 1.28 1.23 Hold
01/10/18 OCBC Singapore Post 1.23 1.26 Hold
02/02/18 OCBC Singapore Post 1.3 1.26 Hold
02/05/18 CIMB Singapore Post 1.38 1.58 Add DCF
02/05/18 UOB Kay Hian Singapore Post 1.38 1.62 Buy Sum of parts
02/05/18 Kim Eng Singapore Post 1.38 1.5 Buy DCF
02/05/18 DBS Vickers Singapore Post 1.38 1.61 Buy DCF
03/06/18 DBS Vickers Singapore Post 1.33 1.61 Buy

Stock calls for 12 March 2018


Date Analyst Company Last Target Call Valuation
03/12/18 OCBC Capitaland 3.6 4.26 Buy
03/12/18 phillip Dairy Farm 8.03 9.83 Buy Sum of parts
03/12/18 Lim & Tan Dairy Farm 8.03 0 Hold PER20x & 2.62% yield
03/12/18 DBS Vickers Hongkong Land 7.02 8.53 Buy RNAV (35% discount)
03/12/18 CIMB Jubilee 0.037 0.051 Add
03/12/18 Kim Eng Jumbo 0.55 0.7 Buy
03/12/18 Lim & Tan Keppel Corp 7.73 0 Buy
03/12/18 Amfrasers Keppel Corp 7.73 8.04 Buy
03/12/18 UOB Kay Hian M1 1.79 1.84 Hold
03/12/18 UOB Kay Hian Netlink 0.82 0.93 Buy
03/12/18 Kim Eng ST Engineering 3.38 4.15 Buy DCF
03/12/18 UOB Kay Hian Starhub 2.47 2.7 Hold
03/12/18 OCBC UOL 8.75 10.63 Buy

Saturday, March 10, 2018

Baltic dry index - 1201

Today, Friday, March 09 2018, the Baltic Dry Index climbed by 4 points, reaching 1201 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 - 984

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by three this week to 984.
That exceeds the 768 rigs that were active this time a year ago.Houston oilfield services company Baker Hughes reported Friday that 796 rigs drilled for oil this week and 188 for gas.
Among major oil- and gas-producing states, Texas increased by seven rigs, North Dakota gained three and Colorado and Pennsylvania each increased by one.
Oklahoma decreased by four rigs, Alaska lost two rigs and Louisiana, New Mexico and Utah each decreased by one.
Arkansas, California, Ohio, West Virginia and Wyoming 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, Semborp Marine, Cosco.

Noble Group's bankruptcy is real and coming!

https://www.bloombergquint.com/markets/2018/03/09/noble-group-management-payouts-under-fire-from-major-shareholder

https://sg-stock.blogspot.sg/2018/03/top-management-plundered-noble-group.html

The top management plundered Noble by paying themselves $35m when they caused noble to lose $5B.

The existing shareholders especially the major shareholder don't trust the top management anymore.  This will result in a deadlock impasse and any debt restructuring plan will die in germination.  Without the debt restructuring plan, Noble will be bankrupt.

https://sg-stock.blogspot.sg/2018/03/nobles-bankruptcy-is-coming.html

Ramification will increase in ASEAN when an anti-China outsider is involved.

https://www.rappler.com/nation/197436-philippines-duterte-not-attending-asean-australia-summit-march-2018

Too many cooks spoil the broth!  How true it is!

ASEAN shouldn't allow any outsider to organize ASEAN-(Australia) Special Summit in Australia and put other issues in the ASEAN Summit.

Singapore, as ASEAN chairman in 2018, should know that Australia is anti-China and will create troubles for other ASEAN members who are pro-China.  SG has the power to warn Australia not to antagonize another ASEAN member but SG won't do it.  SG has to remember that Australia is not part of ASEAN.

Even if SG doesn't like the Philippines for taking over SG's role as ASEAN facilitator, SG cannot embarrass or make the Philippines looks bad internationally.  Nevertheless, SG was the one who gave the opportunity to the Philippines to be the ASEAN facilitator.

Duterte will definitely remember this "gift" from SG and it will be difficult to maintain a friendly relationship between SG and Philippines in ASEAN.

http://sg-stock.blogspot.sg/2017/11/china-has-replaced-singapore-with.html

http://sg-stock.blogspot.sg/2018/02/philippines-wants-to-displace-singapore.html



Friday, March 9, 2018

CPTPP is nothing compared to RCEP.

https://www.channelnewsasia.com/news/business/tpp-cptpp-trade-deal-signed-singapore-10025856

CPTPP statistics:
500m people
11 economies
US$10t output (13.5% of world GDP )

RCEP statistics:
3.5b people
16 economies
US$25t output (33.33% of world GDP)

Which one is a better deal? I believe the statistics will speak for themselves.

Singapore O&G - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/16 UOB Kay Hian Singapore O&G 0.745 0.9 Buy
02/05/16 UOB Kay Hian Singapore O&G 0.74 0.96 Buy PER26.6x
03/28/16 UOB Kay Hian Singapore O&G 0.765 0.96 Buy
06/14/16 UOB Kay Hian Singapore O&G 0.8 1.01 Buy PER24.4x FY17
06/17/16 phillip Singapore O&G 0.82 1 Buy PER28.2x FY16
07/05/16 DBS Vickers Singapore O&G 0.915 1.05 Buy DCF & PER26x
07/21/16 Amfrasers Singapore O&G 0.975 0.89 Hold PER23x FY16/17
08/15/16 DBS Vickers Singapore O&G 1.23 1.5 Buy DCF & PER30x
08/15/16 phillip Singapore O&G 1.23 1.37 Accumulate PER30x FY16
09/05/16 UOB Kay Hian Singapore O&G 1.095 1.38 Buy PER26x
09/06/16 UOB Kay Hian Singapore O&G 1.15 1.43 Buy PER27.9x FY17
10/12/16 DBS Vickers Singapore O&G 1.24 1.5 Buy
11/22/16 DBS Vickers Singapore O&G 1.17 1.5 Buy
12/23/16 DBS Vickers Singapore O&G 1.15 1.5 Buy
01/13/17 DBS Vickers Singapore O&G 1.185 1.5 Buy
02/17/17 DBS Vickers Singapore O&G 1.305 1.6 Buy DCF & PER30x FY17
02/17/17 UOB Kay Hian Singapore O&G 1.305 1.48 Buy PER30.7x
02/20/17 phillip Singapore O&G 1.255 1.57 Buy PER36.5x FY17
03/17/17 DBS Vickers Singapore O&G 1.25 1.6 Buy
04/10/17 DBS Vickers Singapore O&G 1.345 1.6 Buy
04/17/17 UOB Kay Hian Singapore O&G 1.36 1.53 Buy PER31.8x FY17
05/16/17 DBS Vickers Singapore O&G 0.67 0.8 Buy DCF & PER30x
05/16/17 phillip Singapore O&G 0.67 0.79 Accumulate PER36.5x FY17, Split 1 into 2
06/16/17 DBS Vickers Singapore O&G 0.66 0.8 Buy
06/19/17 UOB Kay Hian Singapore O&G 0.65 0.74 Buy
08/11/17 UOB Kay Hian Singapore O&G 0.49 0.59 Buy PER26.5x FY18
08/11/17 DBS Vickers Singapore O&G 0.49 0.41 Fully Valued PER20x FY17/18
08/14/17 phillip Singapore O&G 0.475 0.65 Buy PER29x
10/04/17 UOB Kay Hian Singapore O&G 0.465 0.59 Buy PER26.5x FY18
10/05/17 phillip Singapore O&G 0.475 0.65 Buy PER29x
10/16/17 UOB Kay Hian Singapore O&G 0.52 0.62 Buy PER27.9x FY18
11/09/17 DBS Vickers Singapore O&G 0.535 0.52 Hold PER25x FY18
11/09/17 UOB Kay Hian Singapore O&G 0.535 0.59 Buy PER27.1x FY18
11/09/17 phillip Singapore O&G 0.535 0.62 Accumulate PER29x
02/20/18 phillip Singapore O&G 0.385 0.42 Accumulate PER23.2x

Singapore Myanmar - Stock calls


Date
Analyst
Company
Last
Target
Call
Valuation
12/07/16
DBS Vickers
Singapore Myanmar
0.58
0.76
Not Rated
PER18x FY19 & PEG0.3x
01/03/17
OCBC
Singapore Myanmar
0.58
0.97
Buy
PER16x FY19
02/09/17
OCBC
Singapore Myanmar
0.605
0.97
Buy

04/07/17
OCBC
Singapore Myanmar
0.525
0.97
Buy
PER16x FY19
05/31/17
OCBC
Singapore Myanmar
0.525
0.97
Buy
PER16x FY19
07/03/17
OCBC
Singapore Myanmar
0.555
0.97
Buy

11/16/17
OCBC
Singapore Myanmar
0.45
0.665
Buy
PER16x FY19

Stock calls for 9 March 2018


Date Analyst Company Last Target Call Valuation
03/09/18 DBS Vickers City Developments 12.94 15.4 Buy RNAV, PB1.2x
03/09/18 Kim Eng Comfortdelgro 2.06 2.35 Buy DCF
03/09/18 CIMB Dairy Farm 8.21 8.4 Hold PER21x CY19
03/09/18 OCBC Far East Hospitality 0.72 0.75 Buy
03/09/18 CIMB Hongkong Land 6.76 9.1 Add RNAV (35% discount)
03/09/18 Lim & Tan Hongkong Land 6.76 0 Buy
03/09/18 OCBC Hotel Properties 3.77 4.74 Buy
03/09/18 UOB Kay Hian SATS 5.03 5.9 Buy
03/09/18 UOB Kay Hian SIA 11.01 11.9 Buy
03/09/18 UOB Kay Hian SIA Engineering 3.25 4 Buy
03/09/18 UOB Kay Hian ST Engineering 3.38 3.6 Hold
03/09/18 NRA Tee Land 0.21 0.28 Overweight Sum of parts

SGX shuts down its gold futures contract trading due to inactivity.

https://www.businesstimes.com.sg/companies-markets/sgx-axes-gold-futures-contract-as-trading-grinds-to-a-halt

SGX gold futures trading cannot compete with Shanghai Gold futures.

Shanghai Gold futures contract is gaining in popularity over time and Dubai has started to trade Shanghai Gold futures.

http://investmentwatchblog.com/dubai-gold-and-commodities-exchange-launches-dgcx-shanghai-gold-futures/