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Friday, March 1, 2019

Mermaid Maritime - Stock calls


Date Analyst Company Last Target Valuation
01/12/18 CIMB Mermaid Maritime 0.139 0.14 PB0.43x CY18
01/23/18 DBS Vickers Mermaid Maritime 0.155 0.14
03/01/18 CIMB Mermaid Maritime 0.152 0.16 PB0.48x CY18
03/13/18 DBS Vickers Mermaid Maritime 0.15 0.14 Sum of parts
05/18/18 DBS Vickers Mermaid Maritime 0.138 0.13 PB0.6x
08/17/18 DBS Vickers Mermaid Maritime 0.106 0.13 Sum of parts
08/20/18 CIMB Mermaid Maritime 0.106 0.13
11/15/18 DBS Vickers Mermaid Maritime 0.094 0.1 PB0.5x

Memtech - Stock calls


Date Analyst Company Last Target Valuation
01/10/18 CIMB Memtech 1.15 1.33 PER10x FY19
01/24/18 CLSA Memtech 1.28 2 PEG0.45x, PER15x CY18
02/09/18 UOB Kay Hian Memtech 1.29 1.43 PER11.6x FY18
03/05/18 Lim & Tan Memtech 1.52 0
03/07/18 CIMB Memtech 1.54 1.76 PER12x FY19
04/06/18 UOB Kay Hian Memtech 1.58 1.5 PER12x FY18, Buy @ $1.35
04/26/18 Lim & Tan Memtech 1.37 0
04/27/18 CIMB Memtech 1.29 1.47 PER10x FY19
04/27/18 UOB Kay Hian Memtech 1.29 1.32 PER10.6x FY18, Buy @ $1.18
06/26/18 CIMB Memtech 1.13 1.47
08/14/18 CIMB Memtech 1.12 1.43 PER10x FY19
08/14/18 UOB Kay Hian Memtech 1.12 1.08
10/12/18 UOB Kay Hian Memtech 0.85 0.95 PER9.8x FY18, Buy @ $0.75
11/09/18 CIMB Memtech 0.745 1.1 PER8x FY19
11/09/18 Lim & Tan Memtech 0.745 0
11/27/18 UOB Kay Hian Memtech 0.79 0.91 PER9.8x FY18
12/24/18 Lim & Tan Memtech 0.8 0
02/28/19 Lim & Tan Memtech 1.03 0
02/28/19 CIMB Memtech 1.03 1.08 PER8.5x FY20
03/01/19 UOB Kay Hian Memtech 0.985 1.33 PER11x FY19

Megachem - Stock calls


Date Analyst Company Last Target Percent Valuation
04/30/18 NRA Megachem 0.385 0.51 32.47 DCF, PER14.7x FY18
06/26/18 SAC Megachem 0.32 0.5 56.25 PER14.9x FY19
08/17/18 NRA Megachem 0.32 0.51 59.38

Stock calls for 1 March 2019


Date Analyst Company Last Target Call Valuation
03/01/19 DMG & Partners APAC Realty 0.57 0.72 Buy DCF
03/01/19 DBS Vickers APAC Realty 0.57 0.7 Buy PER12x
03/01/19 Phillip APTV 0.13 0.14 Accumulate
03/01/19 DMG & Partners China Aviation Oil 1.37 1.5 Neutral
03/01/19 DBS Vickers China Aviation Oil 1.37 1.85 Buy PER12x FY19
03/01/19 UOB Kay Hian China Aviation Oil 1.37 1.25 Hold PER8.4x FY19
03/01/19 phillip CNMC 0.225 0.31 Buy DCF
03/01/19 DMG & Partners Delfi 1.45 1.68 Buy DCF
03/01/19 Kim Eng First Resources 1.71 2.03 Buy PER17x
03/01/19 OCBC Frasers Centrepoint Trust 2.29 2.5 Buy
03/01/19 DBS Vickers Frasers Centrepoint Trust 2.29 2.4 Buy DCF
03/01/19 CIMB Golden Agri 0.275 0.23 Reduce Sum of parts (10% discount)
03/01/19 OCBC Golden Agri 0.275 0.27 Hold
03/01/19 DBS Vickers Hongkong Land 6.77 8.02 Buy
03/01/19 Kim Eng IHH Healthcare 1.85 2.29 Buy Sum of parts, Ringgit $6.90 target
03/01/19 DBS Vickers Indofood Agri 0.2 0.19 Hold
03/01/19 CIMB Japfa 0.765 0.9 Add Sum of parts
03/01/19 UOB Kay Hian Memtech 0.985 1.33 Buy PER11x FY19
03/01/19 CIMB Silverlake 0.57 0.62 Add Sum of parts, PER19x CY20
03/01/19 UOB Kay Hian Sunningdale 1.56 1.3 Hold PER11x FY19, Buy @ $1.20
03/01/19 Lim & Tan Sunningdale 1.56 0 Hold
03/01/19 UOB Kay Hian Sunpower 0.585 0.88 Buy Sum of parts
03/01/19 CIMB Yangzijiang 1.43 1.61 Add Sum of parts
03/01/19 OCBC Yanlord 1.39 1.75 Buy PER5x
03/01/19 CIMB Yongnam 0.173 0.33 Add PB0.7x FY19

Mahathir is bashing Singapore again!

https://sg.news.yahoo.com/speak-against-singapore-water-agreement-102137041.html

How many times must we say this?

The water agreement is not a simple commercial agreement.  It was part of the separation agreement for MY-SG and was lodged with the UN.  Therefore, nobody can just change the water pact.

Under the water pact, Johor (JB) doesn't need to buy back the processed water but it is buying the full maximum quantity allowed by the water pact? Why? Why? Why?

This is because JB knows that SG is selling the processed water at a huge loss to JB.

Hot news! NTUC, Sheng Siong and Prime have signed 3-year contracts with Kaohsiung Mayor.

Kaohsiung mayor Han has just visited Singapore to promote Kaohsiung farm and fishery products.

He has just signed a 3-year contract with 3 supermarkets such as NTUC, Sheng Siong and Prime.  This guy is a potential Taiwan presidential candidate in 2020.  If he becomes the Taiwan president in 2020, Taiwan and Singapore relationship will get much closer.


http://sg-stock.blogspot.com/2019/01/hot-news-ntuc-fairprice-will-sign-3.html

Thursday, February 28, 2019

MDR - Stock calls


Date Analyst Company Last Target Call Valuation
04/24/18 NRA MDR 0.003 0.474 Unrated Mid-point of $0.366-0.582

Mapletree North Asia - Stock calls


Date Analyst Company Last Target Call Valuation
01/29/18 OCBC Mapletree North Asia 1.27 1.39 Buy
01/29/18 CIMB Mapletree North Asia 1.27 1.26 Hold DDM
01/29/18 DBS Vickers Mapletree North Asia 1.27 1.4 Buy
03/28/18 Lim & Tan Mapletree North Asia 1.18 0 Buy on weakness
03/29/18 CIMB Mapletree North Asia 1.15 1.3 Add DDM
04/26/18 OCBC Mapletree North Asia 1.13 1.39 Buy
04/27/18 OCBC Mapletree North Asia 1.15 1.42 Buy DDM
04/27/18 CIMB Mapletree North Asia 1.15 1.3 Add DDM
05/23/18 OCBC Mapletree North Asia 1.16 1.42 Buy
06/26/18 DBS Vickers Mapletree North Asia 1.13 1.45 Buy DCF
07/31/18 OCBC Mapletree North Asia 1.15 1.42 Buy
08/01/18 CIMB Mapletree North Asia 1.15 1.3 Add DDM
08/01/18 DBS Vickers Mapletree North Asia 1.15 1.45 Buy
09/04/18 OCBC Mapletree North Asia 1.15 1.42 Buy
10/01/18 DBS Vickers Mapletree North Asia 1.14 1.45 Buy DCF
10/29/18 OCBC Mapletree North Asia 1.13 1.34 Buy
10/30/18 CIMB Mapletree North Asia 1.13 1.28 Add DDM
12/03/18 OCBC Mapletree North Asia 1.13 1.34 Buy
01/29/19 OCBC Mapletree North Asia 1.25 1.35 Buy
01/29/19 DBS Vickers Mapletree North Asia 1.25 1.45 Buy
02/09/19 DBS Vickers Mapletree North Asia 1.25 1.45 Buy

Mapletree Logistics - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/18 DBS Vickers Mapletree Logistics 1.36 1.38 Buy
01/10/18 Lim & Tan Mapletree Logistics 1.35 0 Hold
01/23/18 UOB Kay Hian Mapletree Logistics 1.35 1.41 Hold DDM
01/23/18 OCBC Mapletree Logistics 1.35 1.35 Buy
01/23/18 Deutsche Mapletree Logistics 1.35 1.4 Buy
01/24/18 CIMB Mapletree Logistics 1.38 1.43 Add DDM
01/24/18 Credit Suisse Mapletree Logistics 1.38 1.18 Neutral
01/24/18 OCBC Mapletree Logistics 1.38 1.48 Buy
01/24/18 DBS Vickers Mapletree Logistics 1.38 1.45 Buy
02/14/18 Deutsche Mapletree Logistics 1.23 1.35 Buy
02/20/18 DBS Vickers Mapletree Logistics 1.25 1.45 Buy
03/06/18 OCBC Mapletree Logistics 1.2 1.48 Buy
04/16/18 Kim Eng Mapletree Logistics 1.27 1.25 Hold
04/27/18 UOB Kay Hian Mapletree Logistics 1.26 1.41 Hold
04/27/18 OCBC Mapletree Logistics 1.26 1.48 Buy
04/30/18 OCBC Mapletree Logistics 1.27 1.44 Buy
04/30/18 Kim Eng Mapletree Logistics 1.27 1.25 Hold DDM
05/02/18 CIMB Mapletree Logistics 1.27 1.39 Add DDM
06/21/18 OCBC Mapletree Logistics 1.22 1.34 Buy
06/26/18 DBS Vickers Mapletree Logistics 1.22 1.48 Buy
07/06/18 Kim Eng Mapletree Logistics 1.23 1.25 Hold
07/06/18 DBS Vickers Mapletree Logistics 1.23 1.48 Buy
07/24/18 OCBC Mapletree Logistics 1.28 1.34 Buy
07/25/18 CIMB Mapletree Logistics 1.29 1.39 Add DDM
07/25/18 UOB Kay Hian Mapletree Logistics 1.29 1.36 Hold
07/25/18 DBS Vickers Mapletree Logistics 1.29 1.53 Buy
08/24/18 DBS Vickers Mapletree Logistics 1.25 1.53 Buy
09/20/18 OCBC Mapletree Logistics 1.26 1.34 Buy
09/25/18 Deutsche Mapletree Logistics 1.26 1.4 Buy
10/01/18 DBS Vickers Mapletree Logistics 1.23 1.5 Buy
10/09/18 OCBC Mapletree Logistics 1.22 1.37 Buy
10/23/18 Lim & Tan Mapletree Logistics 1.23 0 Hold
10/24/18 CIMB Mapletree Logistics 1.23 1.39 Add DDM
10/24/18 Kim Eng Mapletree Logistics 1.23 1.3 Hold DDM
10/24/18 UOB Kay Hian Mapletree Logistics 1.23 1.36 Hold DDM, Buy @ $1.15
11/05/18 DBS Vickers Mapletree Logistics 1.21 1.5 Buy
12/07/18 DBS Vickers Mapletree Logistics 1.28 1.5 Buy
01/02/19 CIMB Mapletree Logistics 1.26 1.42 Add DDM
01/11/19 UOB Kay Hian Mapletree Logistics 1.33 1.39 Hold DDM, Buy @ $1.26
01/22/19 OCBC Mapletree Logistics 1.34 1.4 Buy
01/23/19 DBS Vickers Mapletree Logistics 1.34 1.5 Buy
01/23/19 Kim Eng Mapletree Logistics 1.34 1.3 Hold DDM
02/08/19 DBS Vickers Mapletree Logistics 1.39 1.5 Buy
01/23/19 CIMB Mapletree Logistics 1.34 1.44 Add DDM
02/28/19 Kim Eng Mapletree Logistics 1.39 1.3 Hold

Stock calls for 28 February 2019


Date Analyst Company Last Target Call Valuation
02/28/19 Kim Eng A-Reit 2.81 2.95 Buy
02/28/19 DMG & Partners Best World 2.56 2.95 Buy DCF & PER18x
02/28/19 CIMB Best World 2.56 2.43 Reduce
02/28/19 DBS Vickers Bumitama 0.665 0.85 Buy DCF, PER13.9x FY19
02/28/19 Kim Eng Capitamall Trust 2.42 2.25 Hold
02/28/19 Kim Eng CDL Hospitality 1.6 1.8 Buy
02/28/19 phillip Dasin Retail 0.885 0.94 Accumulate DDM, PB0.64x
02/28/19 Kim Eng Frasers Centrepoint Trust 2.3 2.55 Buy
02/28/19 DMG & Partners Fu Yu 0.215 0.24 Buy DCF
02/28/19 CIMB Fu Yu 0.215 0.2 Hold
02/28/19 UOB Kay Hian Golden Agri 0.28 0.21 Sell
02/28/19 Lim & Tan Haw Par 12.39 0 Buy
02/28/19 Lim & Tan Hong Leong Finance 2.71 0 Buy
02/28/19 Kim Eng Mapletree Logistics 1.39 1.3 Hold
02/28/19 Lim & Tan Memtech 1.03 0 Buy on weakness
02/28/19 CIMB Memtech 1.03 1.08 Hold
02/28/19 OCBC OUE 1.66 2.32 Buy
02/28/19 CIMB UMS 0.74 0.62 Reduce
02/28/19 DBS Vickers UOL 6.75 7.15 Hold RNAV (40% discount)

Wednesday, February 27, 2019

Mapletree Industrial - Stock calls


Date Analyst Company Last Target Call Valuation
01/19/18 Kim Eng Mapletree Industrial 2.11 2.1 Buy
01/24/18 OCBC Mapletree Industrial 2.07 2.06 Hold
01/24/18 UOB Kay Hian Mapletree Industrial 2.07 1.88 Hold DDM
01/24/18 DBS Vickers Mapletree Industrial 2.07 2.15 Buy
01/24/18 Deutsche Mapletree Industrial 2.07 1.85 Hold
01/25/18 Phillip Mapletree Industrial 2.12 2.15 Neutral DDM, PB1.48x FY18
01/25/18 CIMB Mapletree Industrial 2.12 2.16 Add DDM
02/12/18 Phillip Mapletree Industrial 1.93 2.15 Neutral
04/16/18 Kim Eng Mapletree Industrial 2.03 2.2 Buy
04/24/18 UOB Kay Hian Mapletree Industrial 2.02 2 Hold DDM
04/25/18 CIMB Mapletree Industrial 2 2.12 Add DDM
04/25/18 Phillip Mapletree Industrial 2 2.09 Neutral PB1.48x FY19
04/25/18 OCBC Mapletree Industrial 2 2.06 Hold
04/25/18 Kim Eng Mapletree Industrial 2 2.25 Buy DDM
04/30/18 DBS Vickers Mapletree Industrial 2.02 2.22 Buy
05/02/18 CIMB Mapletree Industrial 2.03 2.12 Add
05/21/18 Phillip Mapletree Industrial 1.95 2.09 Neutral
07/05/18 Kim Eng Mapletree Industrial 1.96 2.25 Buy DDM
07/06/18 DBS Vickers Mapletree Industrial 1.96 2.22 Buy
07/25/18 OCBC Mapletree Industrial 2.02 2.06 Hold
07/25/18 Phillip Mapletree Industrial 2.02 2.09 Neutral DDM, PB1.42x FY19
07/26/18 UOB Kay Hian Mapletree Industrial 2.02 1.94 Hold DDM, Buy @ $1.76
07/26/18 OCBC Mapletree Industrial 2.02 2.08 Hold
07/26/18 CIMB Mapletree Industrial 2.02 2.13 Add DDM
09/25/18 Deutsche Mapletree Industrial 1.96 1.75 Sell
10/01/18 DBS Vickers Mapletree Industrial 1.98 2.22 Buy DCF
10/17/18 Phillip Mapletree Industrial 1.94 2.09 Neutral
10/24/18 OCBC Mapletree Industrial 1.95 2.01 Hold DDM
10/24/18 Lim & Tan Mapletree Industrial 1.95 0 Hold
10/25/18 Phillip Mapletree Industrial 1.95 1.99 Neutral DDM, PB1.34x FY19
10/25/18 UOB Kay Hian Mapletree Industrial 1.95 1.94 Hold DDM
10/25/18 CIMB Mapletree Industrial 1.95 2.08 Add DDM
10/26/18 Kim Eng Mapletree Industrial 1.96 2.25 Buy
11/21/18 Phillip Mapletree Industrial 1.84 1.99 Neutral
12/17/18 DBS Vickers Mapletree Industrial 1.91 2.22 Buy
01/17/19 OCBC Mapletree Industrial 1.97 2.04 Hold
01/18/19 CIMB Mapletree Industrial 1.99 2.1 Add DDM
01/23/19 DBS Vickers Mapletree Industrial 1.98 2.22 Buy PER16.8x FY19
01/23/19 DIR Mapletree Industrial 1.98 1.78 Underperform
01/24/19 Phillip Mapletree Industrial 1.96 2.03 Neutral DDM, PB1.36x FY19
01/24/19 Kim Eng Mapletree Industrial 1.96 2.2 Buy DDM
01/28/19 UOB Kay Hian Mapletree Industrial 2.03 1.94 Hold Buy @ $1.78
02/12/19 OCBC Mapletree Industrial 2.03 2.04 Hold
02/15/19 Phillip Mapletree Industrial 1.99 2.03 Neutral
02/19/19 OCBC Mapletree Industrial 1.99 1.98 Hold
02/20/19 DBS Vickers Mapletree Industrial 1.99 2.3 Buy

Mapletree Commercial - Stock calls


Date Analyst Company Last Target Call Valuation
01/02/18 Kim Eng Mapletree Commercial 1.62 1.45 Sell DDM
01/04/18 Deutsche Mapletree Commercial 1.67 1.7 Buy
01/25/18 Lim & Tan Mapletree Commercial 1.67 0 Hold
01/26/18 CIMB Mapletree Commercial 1.68 1.75 Add DDM
04/25/18 Kim Eng Mapletree Commercial 1.6 1.5 Hold DDM
04/25/18 CIMB Mapletree Commercial 1.6 1.75 Add DDM
04/25/18 DBS Vickers Mapletree Commercial 1.6 1.8 Buy DCF, PB1.2x
07/27/18 Kim Eng Mapletree Commercial 1.64 1.5 Hold DDM
07/27/18 CIMB Mapletree Commercial 1.64 1.75 Add DDM
07/27/18 DBS Vickers Mapletree Commercial 1.64 1.8 Buy
09/25/18 Deutsche Mapletree Commercial 1.64 1.7 Buy
10/01/18 DBS Vickers Mapletree Commercial 1.61 1.8 Buy DCF
10/26/18 Kim Eng Mapletree Commercial 1.63 1.6 Hold DDM
10/26/18 CIMB Mapletree Commercial 1.63 1.75 Add
10/29/18 DBS Vickers Mapletree Commercial 1.64 1.8 Buy DCF, PB1.2x
11/16/18 CIMB Mapletree Commercial 1.62 1.67 Add DDM
11/28/18 OCBC Mapletree Commercial 1.63 1.79 Buy DDM
01/24/19 OCBC Mapletree Commercial 1.72 1.79 Hold
01/24/19 CIMB Mapletree Commercial 1.72 1.79 Add DDM
01/24/19 DBS Vickers Mapletree Commercial 1.72 2 Buy DCF
01/24/19 Kim Eng Mapletree Commercial 1.72 1.6 Hold
02/08/19 DBS Vickers Mapletree Commercial 1.81 2 Buy

Manulife US Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/18 Lim & Tan Manulife US Reit 0.93 1 Buy
01/04/18 Deutsche Manulife US Reit 0.94 1 Buy
01/05/18 DMG & Partners Manulife US Reit 0.935 0.98 Buy
02/06/18 UOB Kay Hian Manulife US Reit 0.92 1.12 Buy DDM
02/06/18 Lim & Tan Manulife US Reit 0.92 1 Hold
02/06/18 DMG & Partners Manulife US Reit 0.92 0.98 Buy DDM
02/07/18 DBS Vickers Manulife US Reit 0.91 1 Buy DCF
02/21/18 Amfrasers Manulife US Reit 0.91 1.008 Buy DDM
04/13/18 Lim & Tan Manulife US Reit 0.925 1 Hold
04/16/18 DMG & Partners Manulife US Reit 0.82 1 Buy DDM
04/16/18 DBS Vickers Manulife US Reit 0.82 1 Buy
04/17/18 Amfrasers Manulife US Reit 0.925 1.01 Buy
05/02/18 DMG & Partners Manulife US Reit 0.95 1 Buy DDM
05/02/18 UOB Kay Hian Manulife US Reit 0.95 1.12 Buy
05/08/18 Amfrasers Manulife US Reit 0.945 1.02 Buy
06/26/18 DBS Vickers Manulife US Reit 0.86 0.97 Buy DCF
08/07/18 UOB Kay Hian Manulife US Reit 0.86 1.06 Buy DDM
08/07/18 DBS Vickers Manulife US Reit 0.86 0.97 Buy DCF
08/14/18 Amfrasers Manulife US Reit 0.845 0.97 Buy
09/25/18 Deutsche Manulife US Reit 0.795 1 Buy
10/16/18 DMG & Partners Manulife US Reit 0.78 0.92 Buy DDM
10/25/18 UOB Kay Hian Manulife US Reit 0.775 1.06 Buy
11/01/18 Deutsche Manulife US Reit 0.71 1 Buy
11/02/18 DBS Vickers Manulife US Reit 0.73 0.97 Buy
11/05/18 DMG & Partners Manulife US Reit 0.75 0.92 Buy DDM
11/07/18 UOB Kay Hian Manulife US Reit 0.76 1.07 Buy DDM
11/07/18 DBS Vickers Manulife US Reit 0.76 0.88 Buy DCF
12/11/18 DMG & Partners Manulife US Reit 0.755 0.92 Buy
01/02/19 DMG & Partners Manulife US Reit 0.77 0.92 Buy
01/02/19 DBS Vickers Manulife US Reit 0.77 0.88 Buy DCF
02/12/19 Lim & Tan Manulife US Reit 0.855 0 Hold
02/12/19 DMG & Partners Manulife US Reit 0.855 0.94 Buy DDM
02/12/19 DBS Vickers Manulife US Reit 0.855 0.92 Buy DCF
02/26/19 Amfrasers Manulife US Reit 0.835 0.95 Buy

Stock calls for 27 February 2019


Date Analyst Company Last Target Call Valuation
02/27/19 Kim Eng Bumitama 0.675 0.97 Buy PER13x FY19
02/27/19 UOB Kay Hian Fu Yu 0.21 0.285 Buy
02/27/19 Lim & Tan Fu Yu 0.21 0 Buy
02/27/19 DMG & Partners Golden Agri 0.28 0.23 Sell Sum of parts
02/27/19 Lim & Tan Hotel Properties 3.76 0 Hold
02/27/19 DBS Vickers Koufu 0.63 0.8 Buy
02/27/19 Macquarie OCBC 11.2 13 Outperform PB
02/27/19 UOB Kay Hian Propnex 0.565 0.66 Buy
02/27/19 CIMB Riverstone 1.1 1.22 Add PER16.7x FY20
02/27/19 DBS Vickers Riverstone 1.1 1.19 Hold PER16x FY19
02/27/19 DMG & Partners Sheng Siong 1.09 1.25 Buy DCF
02/27/19 OCBC Sheng Siong 1.09 1.19 Buy
02/27/19 DBS Vickers Sheng Siong 1.09 1.25 Buy PER25x FY19
02/27/19 CIMB Sheng Siong 1.09 1.22 Add PER22.2x FY20
02/27/19 DBS Vickers Sheng Siong 1.09 1.24 Buy
02/27/19 UOB Kay Hian Sheng Siong 1.09 1.11 Hold
02/27/19 DBS Vickers Thai Beverage 0.81 0.94 Buy
02/27/19 CIMB UOL 6.77 8.45 Add RNAV
02/27/19 OCBC UOL 6.77 8.45 Buy RNAV
02/27/19 Lim & Tan UOL 6.77 0 Buy