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Friday, May 18, 2018

Fortune Centrepoint Trust - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners Frasers Centrepoint Trust 1.9 2.22 Buy DDM
01/09/17 DBS Vickers Frasers Centrepoint Trust 1.97 2.29 Buy DCF
01/12/17 HSBC Frasers Centrepoint Trust 1.995 2.3 Buy
01/18/17 DIR Frasers Centrepoint Trust 1.99 2.28 Outperform DDM
01/23/17 CIMB Frasers Centrepoint Trust 1.965 2.01 Add DDM
01/23/17 DBS Vickers Frasers Centrepoint Trust 1.965 2.2 Buy DCF
01/23/17 Lim & Tan Frasers Centrepoint Trust 1.965 0 Hold
01/23/17 OCBC Frasers Centrepoint Trust 1.965 2.28 Buy
01/23/17 Phillip Frasers Centrepoint Trust 1.965 2 Neutral DDM
01/31/17 Credit Suisse Frasers Centrepoint Trust 1.995 2.23 Outperform
03/06/17 OCBC Frasers Centrepoint Trust 2.01 2.28 Buy
03/07/17 UOB Kay Hian Frasers Centrepoint Trust 2.01 2.15 Hold
03/10/17 DMG & Partners Frasers Centrepoint Trust 1.965 2.22 Buy
03/27/17 DIR Frasers Centrepoint Trust 2.06 2.28 Outperform DDM
04/07/17 DMG & Partners Frasers Centrepoint Trust 2.06 2.22 Buy DDM
04/11/17 UOB Kay Hian Frasers Centrepoint Trust 2.07 2.15 Hold DDM, Buy @ $1.90
04/18/17 DIR Frasers Centrepoint Trust 2.09 2.28 Outperform
04/25/17 OCBC Frasers Centrepoint Trust 2.12 2.28 Buy
04/26/17 CIMB Frasers Centrepoint Trust 2.11 2.2 Add DDM
04/26/17 DBS Vickers Frasers Centrepoint Trust 2.11 2.2 Buy DCF
04/26/17 DIR Frasers Centrepoint Trust 2.11 2.31 Outperform DDM
04/27/17 Lim & Tan Frasers Centrepoint Trust 2.15 0 Hold
04/27/17 Phillip Frasers Centrepoint Trust 2.15 2.04 Neutral DDM
05/11/17 Amfrasers Frasers Centrepoint Trust 2.01 2.1 Buy DDM
05/25/17 UOB Kay Hian Frasers Centrepoint Trust 2.08 2.26 Buy
05/30/17 DBS Vickers Frasers Centrepoint Trust 2.08 2.2 Buy DCF
06/05/17 OCBC Frasers Centrepoint Trust 2.1 2.28 Buy
06/06/17 DIR Frasers Centrepoint Trust 2.09 2.31 Outperform
06/14/17 Amfrasers Frasers Centrepoint Trust 2.13 2.1 Hold
07/04/17 DMG & Partners Frasers Centrepoint Trust 2.14 2.22 Buy
07/25/17 Lim & Tan Frasers Centrepoint Trust 2.14 0 Buy
07/25/17 Phillip Frasers Centrepoint Trust 2.14 2.14 Neutral DDM, PB1.11x FY17
07/25/17 DIR Frasers Centrepoint Trust 2.14 2.36 Outperform DDM
07/25/17 Amfrasers Frasers Centrepoint Trust 2.14 2.11 Hold DDM
07/25/17 UOB Kay Hian Frasers Centrepoint Trust 2.14 2.26 Buy DDM
07/25/17 Credit Suisse Frasers Centrepoint Trust 2.14 2.24 Outperform
07/25/17 CIMB Frasers Centrepoint Trust 2.14 2.34 Add DDM
07/25/17 OCBC Frasers Centrepoint Trust 2.14 2.28 Buy
07/26/17 DBS Vickers Frasers Centrepoint Trust 2.14 2.26 Buy
08/22/17 OCBC Frasers Centrepoint Trust 2.11 2.28 Buy
09/13/17 Credit Suisse Frasers Centrepoint Trust 2.15 2.27 Outperform
09/21/17 DMG & Partners Frasers Centrepoint Trust 2.13 2.22 Buy
10/23/17 UOB Kay Hian Frasers Centrepoint Trust 2.19 2.26 buy
10/25/17 Lim & Tan Frasers Centrepoint Trust 2.24 0 Buy
10/26/17 OCBC Frasers Centrepoint Trust 2.21 2.4 Buy DDM
10/26/17 Phillip Frasers Centrepoint Trust 2.21 2.14 Neutral DDM
10/26/17 DMG & Partners Frasers Centrepoint Trust 2.21 2.24 Neutral DDM
10/26/17 UOB Kay Hian Frasers Centrepoint Trust 2.21 2.43 Buy DDM
10/26/17 CIMB Frasers Centrepoint Trust 2.21 2.38 Add DDM
10/26/17 DBS Vickers Frasers Centrepoint Trust 2.21 2.37 Buy
10/26/17 Credit Suisse Frasers Centrepoint Trust 2.21 2.26 Buy
11/30/17 OCBC Frasers Centrepoint Trust 2.21 2.4 Buy
12/01/17 UOB Kay Hian Frasers Centrepoint Trust 2.22 2.43 Buy
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
12/18/17 DBS Vickers Frasers Centrepoint Trust 2.2 2.37 Buy
12/19/17 DMG & Partners Frasers Centrepoint Trust 2.2 2.24 Neutral
01/02/18 Kim Eng Frasers Centrepoint Trust 2.24 2.45 Buy DDM
01/05/18 DMG & Partners Frasers Centrepoint Trust 2.29 2.24 Neutral
01/15/18 OCBC Frasers Centrepoint Trust 2.26 2.4 Buy
01/24/18 Phillip Frasers Centrepoint Trust 2.3 2.14 Neutral DDM, PB1.06x
01/24/18 UOB Kay Hian Frasers Centrepoint Trust 2.3 2.43 Buy DDM
01/24/18 Credit Suisse Frasers Centrepoint Trust 2.3 2.26 Neutral
01/24/18 OCBC Frasers Centrepoint Trust 2.3 2.49 Buy
01/24/18 CIMB Frasers Centrepoint Trust 2.3 2.41 Add DDM
01/24/18 Lim & Tan Frasers Centrepoint Trust 2.3 0 Buy
01/24/18 DBS Vickers Frasers Centrepoint Trust 2.3 2.48 Buy
02/20/18 DBS Vickers Frasers Centrepoint Trust 2.15 2.48 Buy
03/06/18 OCBC Frasers Centrepoint Trust 2.18 2.49 Buy
04/12/18 Kim Eng Frasers Centrepoint Trust 2.25 2.55 Buy
04/13/18 DBS Vickers Frasers Centrepoint Trust 2.24 2.48 Buy
04/25/18 OCBC Frasers Centrepoint Trust 2.22 2.49 Buy
04/26/18 Phillip Frasers Centrepoint Trust 2.21 2.14 Neutral DDM, PB1.06x
04/26/18 UOB Kay Hian Frasers Centrepoint Trust 2.21 2.43 Buy DDM
04/26/18 DBS Vickers Frasers Centrepoint Trust 2.21 2.45 Buy
04/26/18 CIMB Frasers Centrepoint Trust 2.21 2.41 Add DDM
05/08/18 DBS Vickers Frasers Centrepoint Trust 2.21 2.45 Buy
05/17/18 DMG & Partners Frasers Centrepoint Trust 2.16 2.24 Neutral

Fortune Reit - Stock calls


Date Analyst Company Last Target Call Valuation
02/01/17 DIR Fortune Reit 9.02 10.9 Buy DDM
08/01/17 DIR Fortune Reit 9.72 10.9 Outperform

Stock calls for 18 May 2018


Date Analyst Company Last Target Call Valuation
05/18/18 DMG & Partners CapitaCommercial 1.72 1.65 Neutral DDM
05/18/18 CIMB CapitaCommercial 1.72 1.94 Add DDM
05/18/18 Amfrasers Cityneon 1 154 Buy PER14x FY18
05/18/18 phillip Golden Energy 0.365 0.48 Buy PER10x FY18
05/18/18 DMG & Partners GSS Energy 0.151 0.25 Buy Sum of parts
05/18/18 DMG & Partners Jadason 0.05 0.05 Neutral DCF
05/18/18 DBS Vickers Mermaid Maritime 0.138 0.13 Hold PB0.6x
05/18/18 Lim & Tan SIA 11.14 0 Hold
05/18/18 CIMB SIA 11.14 11.75 Add
05/18/18 UOB Kay Hian Singtel 3.44 4.22 Buy DCF
05/18/18 DMG & Partners Singtel 3.44 3.9 Buy Sum of parts
05/18/18 CIMB Singtel 3.44 3.9 Add Sum of parts
05/18/18 OCBC Singtel 3.44 4.1 Buy
05/18/18 Kim Eng Singtel 3.44 3.57 Hold Sum of parts

Thursday, May 17, 2018

Food Empire - Stock calls


Date Analyst Company Last Target Call Valuation
01/23/17 UOB Kay Hian Food Empire 0.565 0.78 Buy PER19x FY17
03/02/17 UOB Kay Hian Food Empire 0.57 0.78 Buy PER19x FY17
04/03/17 UOB Kay Hian Food Empire 0.58 0.78 Buy
04/11/17 DMG & Partners Food Empire 0.575 0.76 Buy PER18x FY17
05/03/17 UOB Kay Hian Food Empire 0.54 0.78 Buy
05/12/17 DMG & Partners Food Empire 0.58 0.85 Buy
05/16/17 DMG & Partners Food Empire 0.655 0.95 Buy PER18x FY17
05/16/17 UOB Kay Hian Food Empire 0.655 0.9 Buy PER19x FY17
08/14/17 UOB Kay Hian Food Empire 0.67 0.87 Buy PER19x FY17
08/14/17 DMG & Partners Food Empire 0.67 0.95 Buy PER18x FY17
11/10/17 DMG & Partners Food Empire 0.66 1 Buy PER18x FY18
12/19/17 DMG & Partners Food Empire 0.655 1 Buy
01/04/18 DMG & Partners Food Empire 0.705 1 Buy PER12x FY18
02/20/18 DMG & Partners Food Empire 0.67 1 Buy
03/02/18 DMG & Partners Food Empire 0.7 1.07 Buy PER18x FY18
05/14/18 DMG & Partners Food Empire 0.67 1.07 Buy PER18x FY18

First Sponsor - Stock calls


Date Analyst Company Last Target Call Valuation
08/31/17 Amfrasers First Sponsor 1.37 1.62 Not Rated RNAV (25% discount)
02/09/18 Lim & Tan First Sponsor 1.41 0 Buy

First Ship Lease Trust - Stock calls


Date Analyst Company Last Target Call Valuation
08/14/17 Amfrasers First Ship Lease Trust 0.08 0.13 Buy DCF
12/13/17 Amfrasers First Ship Lease Trust 0.082 0.15 Buy DCF
01/17/18 Amfrasers First Ship Lease Trust 0.093 0.15 Buy

Stock calls for 17 May 2018


Date Analyst Company Last Target Call Valuation
05/17/18 DMG & Partners A-Reit 2.64 2.95 Buy
05/17/18 Phillip APTV 0.465 0.52 Buy
05/17/18 phillip Banyan Tree 0.575 0.73 Accumulate Sum of parts, PB0.94x FY18
05/17/18 DMG & Partners Cache Logistics 0.795 0.98 Buy
05/17/18 DMG & Partners CapitaCommercial 1.72 1.63 Sell
05/17/18 OCBC CapitaCommercial 1.72 1.84 Hold
05/17/18 DMG & Partners Capitamall Trust 2.08 2.1 Neutral
05/17/18 DBS Vickers Chip Eng Seng 0.945 1.18 Buy
05/17/18 DBS Vickers City Developments 11.97 15.4 Buy
05/17/18 phillip CNMC 0.275 0.42 Buy DCF
05/17/18 DMG & Partners Frasers Centrepoint Trust 2.16 2.24 Neutral
05/17/18 DMG & Partners Frasers Commercial Trust 1.36 1.49 Neutral
05/17/18 DMG & Partners ISOTeam 0.35 0.42 Buy
05/17/18 DMG & Partners Keppel Reit 1.18 1.06 Sell
05/17/18 phillip SIA Engineering 3.31 3.57 Accumulate DCF
05/17/18 DBS Vickers SIA Engineering 3.31 3.92 Buy Sum of parts
05/17/18 UOB Kay Hian SIA Engineering 3.31 3.8 Buy PER19.6x ex-cash
05/17/18 OCBC SIA Engineering 3.31 3.7 Buy
05/17/18 Lim & Tan Singtel 3.42 0 Buy
05/17/18 DMG & Partners Starhill 0.685 0.81 Neutral
05/17/18 DMG & Partners Suntec Reit 1.83 1.75 Neutral
05/17/18 Phillip Thai Beverage 0.795 1.05 Buy Sum of parts
05/17/18 CIMB Thai Beverage 0.795 0.98 Add Sum of parts
05/17/18 OCBC Thai Beverage 0.795 0.95 Buy
05/17/18 OCBC Viva Industrial 0.89 0.9 Hold

Singapore NODX increased 11.8% in April 2018

https://sg.finance.yahoo.com/news/singapore-april-exports-blow-past-expectations-stronger-pharma-040119407--business.html

Year on year changes (YOY):
April 2018: 11.8%
March 2018: -2.7%
February 2018: -5.9%
January 2018: 13%
December 2017: 3.1%
November 2017: 9.1%
October 2017: 20.9%
September 2017: -1.1%
August 2017: 16.7%
July 2017: 8.5%
June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%

Wednesday, May 16, 2018

Microsoft bans Crypto ads now!

https://sg.finance.yahoo.com/news/crypto-prices-plunge-microsoft-bing-070100228.html

This is not unexpected as Bill Gates announced recently that he would short crypto if he were a crypto investor.

Trump partners with China to develop a theme park in Indonesia.

https://sg.finance.yahoo.com/news/trump-indonesia-project-gets-chinese-041659051.html

LOL! Trump is truly a businessman and not a president.  No wonder he is trying to save China ZTE now.

Trump-Kim summit in Singapore is in jeopardy now.

https://sg.news.yahoo.com/skorea-news-agency-nkorea-threatens-192035374.html

http://sg-stock.blogspot.sg/2018/05/hot-news-trump-and-kim-will-meet-in.html

Continual military exercises with South Korea are definitely unfriendly gestures against North Korea especially prior to the Trump-Kim summit in Singapore.  This is a common sense thing but Trump doesn't get it.  No wonder Kim visited China before the summit to get some support and hoped that President Xi would be present during the summit.

Let's see how this will pan out.

First Resources - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners First Resources 1.9 1.8 Neutral
01/11/17 CIMB First Resources 1.915 2.32 Add
01/11/17 DBS Vickers First Resources 1.915 1.9 Hold
01/11/17 Kim Eng First Resources 1.915 1.97 Hold
01/31/17 UOB Kay Hian First Resources 1.955 1.98 Buy
02/01/17 Kim Eng First Resources 1.93 1.97 Hold
02/03/17 UOB Kay Hian First Resources 1.935 2.15 Buy PER17x FY17
02/06/17 DMG & Partners First Resources 1.965 2 Hold PER19x FY17
02/13/17 DBS Vickers First Resources 1.97 1.9 Hold
02/17/17 DBS Vickers First Resources 1.96 2.19 Buy
02/28/17 CIMB First Resources 1.87 2.32 Add PER13x FY18
03/01/17 DBS Vickers First Resources 1.885 2.15 Buy DCF
03/01/17 Kim Eng First Resources 1.885 1.97 Hold PER17x FY17
03/01/17 UOB Kay Hian First Resources 1.885 2.15 Buy PER17x FY17
03/09/17 DMG & Partners First Resources 1.94 1.9 Neutral
04/11/17 DMG & Partners First Resources 1.915 1.8 Neutral
05/02/17 UOB Kay Hian First Resources 1.875 2.15 Buy PER17x FY17
05/12/17 CIMB First Resources 1.96 2.32 Add PER13x FY18
05/12/17 Kim Eng First Resources 1.96 1.97 Hold PER17x FY17
05/15/17 DMG & Partners First Resources 1.955 2.05 Neutral PER17x FY17
05/16/17 DBS Vickers First Resources 2 2.15 Buy DCF
06/29/17 UOB Kay Hian First Resources 1.915 1.95 Hold
07/11/17 DBS Vickers First Resources 1.89 2.15 Buy
07/20/17 UOB Kay Hian First Resources 1.885 1.95 Hold PER16x FY18, Buy @ $1.75
08/14/17 Kim Eng First Resources 1.84 1.97 Hold PER17x FY17
08/14/17 DMG & Partners First Resources 1.84 2.05 Neutral PER17x FY17
08/15/17 CIMB First Resources 1.84 2.32 Add PER13x FY18
08/15/17 DBS Vickers First Resources 1.84 2.13 Buy DCF
08/21/17 UOB Kay Hian First Resources 1.8 1.95 Hold
08/28/17 DIR First Resources 1.905 2.11 Outperform PER13x FY17/18
09/11/17 Kim Eng First Resources 1.88 1.97 Hold
09/13/17 DBS Vickers First Resources 1.885 2.13 Buy
10/09/17 UOB Kay Hian First Resources 1.925 1.95 Hold PER16x FY18, Buy @ $1.75
10/11/17 Kim Eng First Resources 1.93 2.04 Hold PER17x FY17
10/11/17 CIMB First Resources 1.93 2.32 Add
11/02/17 Credit Suisse First Resources 1.98 2.3 Neutral PER16x FY18
11/03/17 CIMB First Resources 1.96 2.32 Add
11/13/17 Kim Eng First Resources 1.94 2.04 Hold PER17x FY17
11/13/17 DBS Vickers First Resources 1.94 2.13 Buy
11/14/17 Kim Eng First Resources 1.95 2.04 Hold PER17x FY17
11/14/17 DMG & Partners First Resources 1.95 2.13 Neutral PER13x FY18
11/14/17 CIMB First Resources 1.95 2.13 Add PER13x FY19
11/15/17 DBS Vickers First Resources 1.93 2.18 Buy DCF, PER14.5x FY18
11/15/17 UOB Kay Hian First Resources 1.93 1.95 Hold PER16x FY18, Buy @ $1.75
11/15/17 Credit Suisse First Resources 1.93 2.3 Neutral
12/04/17 CIMB First Resources 1.88 2.13 Add
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
01/04/18 CIMB First Resources 1.88 2.13 Add
01/15/18 DBS Vickers First Resources 1.87 2.18 Buy
02/08/18 UOB Kay Hian First Resources 1.84 1.95 Hold PER16x FY18x, Buy @ $1.75
02/13/18 Kim Eng First Resources 1.75 2.04 Hold
02/27/18 Kim Eng First Resources 1.76 2.2 Buy PER17x FY18
02/27/18 DMG & Partners First Resources 1.76 1.75 Neutral PER12x FY18
02/28/18 DBS Vickers First Resources 1.79 2.18 Buy DCF, PER15.8x FY18
02/28/18 CIMB First Resources 1.79 2.03 Add PER15x CY19
02/28/18 Credit Suisse First Resources 1.79 2.3 Neutral
03/05/18 Kim Eng First Resources 1.76 2.2 Buy
03/07/18 UOB Kay Hian First Resources 1.76 1.95 Hold PER16x FY18
03/14/18 DBS Vickers First Resources 1.75 2.18 Buy
04/03/18 DBS Vickers First Resources 1.68 2.18 Buy
05/07/18 UOB Kay Hian First Resources 1.69 1.6 Hold PER13x FY18, Buy @ $1.40
05/15/18 CIMB First Resources 1.61 2.03 Add PER15x CY19
05/15/18 DMG & Partners First Resources 1.61 1.75 Neutral PER12x FY18
05/16/18 DMG & Partners First Resources 1.56 1.6 Neutral PER12x FY18
05/16/18 DBS Vickers First Resources 1.56 2.18 Buy

First Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/19/17 CIMB First Reit 1.305 1.26 Hold
01/19/17 OCBC First Reit 1.305 1.32 Hold
01/19/17 phillip First Reit 1.305 1.32 Accumulate DDM
03/16/17 OCBC First Reit 1.285 1.32 Hold
04/18/17 CIMB First Reit 1.345 1.36 Hold DDM
04/18/17 OCBC First Reit 1.345 1.32 Hold Buy @ $1.25 or lower
04/18/17 phillip First Reit 1.345 1.32 Hold DDM
05/25/17 OCBC First Reit 1.31 1.32 Hold
07/18/17 OCBC First Reit 1.335 1.32 Hold
07/18/17 Lim & Tan First Reit 1.335 0 Hold
07/19/17 phillip First Reit 1.34 1.32 Neutral DDM, PB1.22x FY17
07/19/17 CIMB First Reit 1.34 1.36 Hold DDM
08/17/17 OCBC First Reit 1.33 1.38 Hold
10/03/17 OCBC First Reit 1.335 1.38 Hold
10/05/17 Amfrasers First Reit 1.36 1.38 Not Rated DCF
10/20/17 phillip First Reit 1.37 1.32 Neutral DDM
10/24/17 OCBC First Reit 1.38 1.44 Buy
10/25/17 CIMB First Reit 1.38 1.39 Hold DDM
12/11/17 OCBC First Reit 1.39 1.44 Buy
01/18/18 Lim & Tan First Reit 1.4 0 Hold
01/19/18 CIMB First Reit 1.41 1.44 Hold DDM
01/19/18 OCBC First Reit 1.41 1.48 Buy
01/23/18 phillip First Reit 1.42 1.32 Neutral DDM
04/18/18 CIMB First Reit 1.37 1.44 Hold DDM
04/19/18 phillip First Reit 1.37 1.31 Neutral PB1.19x FY18
04/19/18 OCBC First Reit 1.37 1.48 Buy

Far East Hospitality - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/17 DBS Vickers Far East Hospitality 0.6 0.62 Hold DCF
02/23/17 CIMB Far East Hospitality 0.595 0.57 Hold DDM
02/23/17 OCBC Far East Hospitality 0.595 0.6 Hold
02/24/17 DBS Vickers Far East Hospitality 0.6 0.63 Hold DCF
05/15/17 DBS Vickers Far East Hospitality 0.6 0.66 Buy DCF
05/15/17 OCBC Far East Hospitality 0.6 0.6 Hold
06/15/17 CIMB Far East Hospitality 0.65 0.63 Hold DDM
06/16/17 DBS Vickers Far East Hospitality 0.65 0.66 Buy
08/04/17 OCBC Far East Hospitality 0.67 0.6 Hold
08/07/17 OCBC Far East Hospitality 0.67 0.66 Hold
08/07/17 CIMB Far East Hospitality 0.67 0.66 Hold DDM
08/08/17 DBS Vickers Far East Hospitality 0.67 0.7 Buy DCF
09/04/17 CIMB Far East Hospitality 0.66 0.66 Hold
11/03/17 OCBC Far East Hospitality 0.715 0.65 Hold
11/03/17 CIMB Far East Hospitality 0.715 0.69 Hold DDM
11/03/17 DBS Vickers Far East Hospitality 0.715 0.76 Buy DCF
12/14/17 CIMB Far East Hospitality 0.71 0.69 Hold DDM
01/04/18 CIMB Far East Hospitality 0.725 0.84 Add
01/15/18 CIMB Far East Hospitality 0.72 0.82 Add DDM
02/19/18 OCBC Far East Hospitality 0.715 0.75 Buy
03/09/18 OCBC Far East Hospitality 0.72 0.75 Buy
04/10/18 CIMB Far East Hospitality 0.68 0.79 Add DDM
04/17/18 DBS Vickers Far East Hospitality 0.68 0.76 Buy DCF
04/27/18 OCBC Far East Hospitality 0.675 0.735 Buy

Stock calls for 16 May 2018


Date Analyst Company Last Target Call Valuation
05/16/18 DMG & Partners Amara 0.515 0.88 Buy PB0.65x
05/16/18 DMG & Partners Avi-Tech 0.44 0.43 Neutral DCF, PER11.5x FY19
05/16/18 UOB Kay Hian Banyan Tree 0.58 1 Buy Sum of parts
05/16/18 CIMB Best World 1.29 1.39 Hold PER12.5x CY19
05/16/18 DMG & Partners First Resources 1.56 1.6 Neutral PER12x FY18
05/16/18 DBS Vickers First Resources 1.56 2.18 Buy
05/16/18 DMG & Partners Fu Yu 0.186 0.2 Neutral DCF
05/16/18 UOB Kay Hian Golden Agri 0.35 0.26 Sell PER14x FY18
05/16/18 CIMB Golden Agri 0.35 0.31 Reduce Sum of parts (10% discount)
05/16/18 OCBC Golden Agri 0.35 0.34 Hold
05/16/18 Kim Eng HMI 0.665 0.8 Buy
05/16/18 CIMB Jadason 0.05 0.077 Add PB1x CY18
05/16/18 UOB Kay Hian Jumbo 0.54 0.53 Hold DCF, Buy @ $0.48
05/16/18 OCBC Netlink 0.82 0.9 Buy
05/16/18 DBS Vickers Netlink 0.82 0.97 Buy DCF
05/16/18 phillip Q & M 0.605 0.625 Neutral PER27x FY18
05/16/18 Lim & Tan SIA Engineering 3.33 0 Hold
05/16/18 DMG & Partners Silverlake 0.55 0.65 Buy DCF, PER21x FY19
05/16/18 CIMB Silverlake 0.55 0.56 Add DCF
05/16/18 UOB Kay Hian Singapore Medical 0.505 0.74 Buy PER26.8x FY18
05/16/18 DMG & Partners Singapore Medical 0.505 0.68 Buy DCF
05/16/18 DBS Vickers Singapore Medical 0.505 0.73 Buy PER25x FY19
05/16/18 DMG & Partners Spackman 0.073 0.1 Buy DCF, PER14x FY18
05/16/18 DBS Vickers Thai Beverage 0.8 1.02 Buy
05/16/18 Kim Eng Viva Industrial 0.89 1.05 Buy DDM
05/16/18 CIMB Yongnam 0.31 0.56 Add PB0.8x FY19

US bond yields are rising!

We had stated previously in our postings that US bond yields would be rising because investors would wake up from their denial as economic logic would prevail.

The US bond yields are rising now and will continue to rise for 2018 and 2019.

http://sg-stock.blogspot.sg/2018/02/us-bond-yields-will-continue-to-rise-in.html

Tuesday, May 15, 2018

F & N - Stock calls


Date Analyst Company Last Target Call Valuation
02/09/17 DBS Vickers F & N 2.11 2.37 Hold Sum of parts
02/10/17 phillip F & N 2.12 1.8 Reduce EV/Ebitda15x
03/24/17 DMG & Partners F & N 2.22 2.76 Not Rated Sum of parts
04/17/17 phillip F & N 2.35 1.8 Reduce
05/09/17 DBS Vickers F & N 2.4 2.37 Hold Sum of parts
05/11/17 phillip F & N 2.38 2.31 Neutral Sum of parts
06/29/17 DBS Vickers F & N 2.34 2.57 Hold Sum of parts
08/10/17 DBS Vickers F & N 2.44 2.57 Hold Sum of parts, PER24.4x FY18
08/10/17 phillip F & N 2.44 2.52 Neutral Sum of parts
11/13/17 phillip F & N 2.6 2.83 Accumulate Sum of parts, PER27.1x FY18
12/04/17 phillip F & N 2.58 2.83 Accumulate
02/13/18 phillip F & N 2.39 2.83 Accumulate Sum of parts, PER27.1x FY18
03/19/18 phillip F & N 2.25 2.83 Buy
04/16/18 phillip F & N 2.12 2.83 Buy
05/10/18 phillip F & N 2.08 2.75 Buy Sum of parts

Ezion - Stock calls


Date Analyst Company Last Target Call Valuation
01/13/17 DBS Vickers Ezion 0.415 0.56 Buy
01/13/17 OCBC Ezion 0.415 0.54 Buy PB0.55x
02/20/17 CIMB Ezion 0.38 0.44 Add PB0.45x FY17
02/20/17 Lim & Tan Ezion 0.38 0 Reduce
02/20/17 OCBC Ezion 0.38 0.54 Buy PB0.55x FY17
02/20/17 UOB Kay Hian Ezion 0.38 0.39 Hold
02/24/17 CIMB Ezion 0.395 0.45 Add PB0.5x FY17
02/24/17 DBS Vickers Ezion 0.395 0.62 Buy PB0.7x FY17
02/24/17 UOB Kay Hian Ezion 0.395 0.45 Buy PB0.65x FY17
02/27/17 phillip Ezion 0.395 0.45 Accumulate DCF
03/08/17 Lim & Tan Ezion 0.37 0 Hold
03/17/17 CIMB Ezion 0.35 0.45 Add PB0.5x FY17
03/17/17 DIR Ezion 0.35 0.31 Underperform Sum of parts
04/10/17 DBS Vickers Ezion 0.365 0.62 Buy
05/12/17 OCBC Ezion 0.31 0.54 Buy
05/15/17 Amfrasers Ezion 0.31 0.25 Sell PB0.3x FY17
05/15/17 CIMB Ezion 0.31 0.26 Reduce PB0.3x FY17
05/15/17 DIR Ezion 0.31 0.29 Underperform Sum of parts
05/15/17 phillip Ezion 0.31 0.4 Buy DCF
05/15/17 UOB Kay Hian Ezion 0.31 0.33 Hold PB0.5x FY17, Buy @ $0.28
05/16/17 DBS Vickers Ezion 0.295 0.62 Buy PB0.7x FY17
05/23/17 OCBC Ezion 0.295 0.32 Hold
06/14/17 UOB Kay Hian Ezion 0.25 0.33 Hold
08/15/17 CIMB Ezion 0.2 0.13 Reduce PB0.15x
08/15/17 DBS Vickers Ezion 0.2 0.13 Fully Valued PB0.15x
08/16/17 phillip Ezion 0.197 0 Suspended
11/10/17 DBS Vickers Ezion 0.197 0.13 Fully Valued PB0.15x FY17
01/12/18 CIMB Ezion 0.197 0.13 Reduce PB0.15x CY17
04/04/18 DBS Vickers Ezion 0.197 0.13 Fully Valued
04/10/18 DBS Vickers Ezion 0.197 0.29 Buy PB1.4x FY18
04/17/18 UOB Kay Hian Ezion 0.197 0.18 Hold PB1x FY19, Buy @ $0.151
04/25/18 Amfrasers Ezion 0.158 0.1 Sell RNAV
05/15/18 DBS Vickers Ezion 0.115 0.29 Buy PB1.4x FY18