| Date | Analyst | Company | Last | Target | Call | Valuation |
| 03/18/20 | CIMB | Centurion | 0.39 | 0.58 | Add | |
| 03/18/20 | CIMB | Genting | 0.62 | 0.76 | Add | EV/Ebitda7x FY21 |
| 03/18/20 | Kim Eng | Genting | 0.62 | 0.84 | Buy | |
| 03/18/20 | Citibank | Great Eastern | 18.2 | 19.5 | Hold | |
| 03/18/20 | DBS Vickers | Keppel Reit | 0.96 | 1.45 | Buy | |
| 03/18/20 | DBS Vickers | Lendlease Reit | 0.48 | 0.94 | Buy | |
| 03/18/20 | DBS Vickers | Mapletree Commercial | 1.77 | 2.6 | Buy | |
| 03/18/20 | UOB Kay Hian | Mapletree Industrial | 2.14 | 2.9 | Buy | |
| 03/18/20 | DMG & Partners | Sheng Siong | 1.05 | 1.42 | Buy | DCF |
| 03/18/20 | DBS Vickers | Suntec Reit | 1.31 | 2.15 | Buy |
Wednesday, March 18, 2020
Stock calls for 18 March 2020
Red alert: US companies are asking for government bailouts.
The US hotel and travel industry are asking for bailouts!
https://sg.finance.yahoo.com/news/u-hotel-travel-industry-ask-234837213.html
The US airliners are asking for bailouts!
https://sg.finance.yahoo.com/news/u-airlines-face-push-back-203204316.html
The US airplane manufacturer is asking for a bailout!
https://www.washingtonpost.com/business/2020/03/17/boeing-asks-at-least-60-billion-trump-expresses-support-bailout/
Can you imagine that this virus outbreak is just in its inception in the US and so many US companies are asking for government bailouts?
What will happen to the US when the infections hit 50m people and cause 1.7m deaths?
Will the stock markets recover from now or there are further downsides to come? You decide for yourself.
Just look at the GDP growth forecast for the US in Q2.
https://sg.finance.yahoo.com/news/second-quarter-gdp-could-plunge-10-economist-warns-133619896.html
https://sg.finance.yahoo.com/news/u-hotel-travel-industry-ask-234837213.html
The US airliners are asking for bailouts!
https://sg.finance.yahoo.com/news/u-airlines-face-push-back-203204316.html
The US airplane manufacturer is asking for a bailout!
https://www.washingtonpost.com/business/2020/03/17/boeing-asks-at-least-60-billion-trump-expresses-support-bailout/
Can you imagine that this virus outbreak is just in its inception in the US and so many US companies are asking for government bailouts?
What will happen to the US when the infections hit 50m people and cause 1.7m deaths?
Will the stock markets recover from now or there are further downsides to come? You decide for yourself.
Just look at the GDP growth forecast for the US in Q2.
https://sg.finance.yahoo.com/news/second-quarter-gdp-could-plunge-10-economist-warns-133619896.html
Red alert: US medical workers are getting infected with covid-19.
https://sg.finance.yahoo.com/news/one-mask-day-doctors-virus-225407143.html
This is really bad news for the US.
When more medical workers are getting infected, the US will collapse because there won't be enough medical workers to take care of the infected patients.
Don't be surprised that the US will overtake China and become the sick man of the world.
Just take a look at the projection for the US below.
http://sg-stock.blogspot.com/2020/03/50m-americans-could-be-infected-by.html
This is really bad news for the US.
When more medical workers are getting infected, the US will collapse because there won't be enough medical workers to take care of the infected patients.
Don't be surprised that the US will overtake China and become the sick man of the world.
Just take a look at the projection for the US below.
http://sg-stock.blogspot.com/2020/03/50m-americans-could-be-infected-by.html
Tuesday, March 17, 2020
The Japanese stock markets have more room to fall. Why?
The Japanese stock markets have not factored in the cancellation of the 2020 Olympics.
2020 Olympics won't be postponed to the end of the year in Japan because the weather won't be suitable to hold it anymore. This event also cannot be postponed to next year (2021) because this will affect the next Olympics which is to be held in 2024. Therefore, the event is likely to be cancelled since covid-19 outbreak cannot be contained worldwide. Japan will lose billions from this cancellation since $12 billions have been invested to prepare the sports facilities and infrastructures.
After the 2020 Olympics is cancelled, the Japanese government will start to report the true covid-19 statistics which won't be good.
2020 Olympics won't be postponed to the end of the year in Japan because the weather won't be suitable to hold it anymore. This event also cannot be postponed to next year (2021) because this will affect the next Olympics which is to be held in 2024. Therefore, the event is likely to be cancelled since covid-19 outbreak cannot be contained worldwide. Japan will lose billions from this cancellation since $12 billions have been invested to prepare the sports facilities and infrastructures.
After the 2020 Olympics is cancelled, the Japanese government will start to report the true covid-19 statistics which won't be good.
The 2 achilles' heels of the US economy.
Any rebound in the US stock markets is just temporary because the short-sellers are squaring their positions.
The US stock markets have not priced in the full impacts of the covid-19 outbreak yet. S&P has projected 50m infections in the US. We can infer the death toll at 1.7m since the average mortality rate is 3.4%.
http://sg-stock.blogspot.com/2020/03/50m-americans-could-be-infected-by.html
I've seen other projections and the highest was 170m infections. Therefore, S&P's projection is considered optimistic since the US flu has infected more than 30m people insofar.
This covid-19 outbreak will hit the 2 Achilles' heels of the US economy which are the corporate debts (include high yield bonds - junk bonds) and the mortgage debts (property). This is the rationale behind the US FED's action to inject money into the financial market to buy the US treasurys and mortgage-backed securities.
The S&P has started to downgrade the corporate's credit rating now.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/s-p-cuts-boeing-to-bbb-keeps-ratings-on-negative-watch-57609123
The S&P has also warned about the shale oil&gas companies and Australia banks ratings.
When the corporate and mortgage debts blow up, the world will face a great recession and this time will be much serious than the past recessions. This is because people will be losing monies and also their lives.
The US stock markets have not priced in the full impacts of the covid-19 outbreak yet. S&P has projected 50m infections in the US. We can infer the death toll at 1.7m since the average mortality rate is 3.4%.
http://sg-stock.blogspot.com/2020/03/50m-americans-could-be-infected-by.html
I've seen other projections and the highest was 170m infections. Therefore, S&P's projection is considered optimistic since the US flu has infected more than 30m people insofar.
This covid-19 outbreak will hit the 2 Achilles' heels of the US economy which are the corporate debts (include high yield bonds - junk bonds) and the mortgage debts (property). This is the rationale behind the US FED's action to inject money into the financial market to buy the US treasurys and mortgage-backed securities.
The S&P has started to downgrade the corporate's credit rating now.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/s-p-cuts-boeing-to-bbb-keeps-ratings-on-negative-watch-57609123
The S&P has also warned about the shale oil&gas companies and Australia banks ratings.
When the corporate and mortgage debts blow up, the world will face a great recession and this time will be much serious than the past recessions. This is because people will be losing monies and also their lives.
Singapore Medical - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/02/19 | DMG & Partners | Singapore Medical | 0.4 | 0.56 | Buy | |
| 02/21/19 | UOB Kay Hian | Singapore Medical | 0.47 | 0.65 | Buy | PER23x FY19 |
| 02/21/19 | DMG & Partners | Singapore Medical | 0.47 | 0.54 | Buy | DCF |
| 05/10/19 | UOB Kay Hian | Singapore Medical | 0.445 | 0.62 | Buy | PER23x FY19 |
| 05/10/19 | DMG & Partners | Singapore Medical | 0.445 | 0.48 | Neutral | DCF |
| 06/06/19 | DMG & Partners | Singapore Medical | 0.385 | 0.48 | Neutral | DCF |
| 06/07/19 | DMG & Partners | Singapore Medical | 0.38 | 0.48 | Buy | DCF |
| 08/08/19 | DMG & Partners | Singapore Medical | 0.37 | 0.48 | Buy | DCF |
| 10/15/19 | DMG & Partners | Singapore Medical | 0.305 | 0.48 | Buy | |
| 11/13/19 | DMG & Partners | Singapore Medical | 0.325 | 0.36 | Neutral | DCF, PER13.4x |
| 02/25/20 | DMG & Partners | Singapore Medical | 0.32 | 0.35 | Neutral | PER11.3x FY20 |
Silverlake - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/02/19 | DMG & Partners | Silverlake | 0.415 | 0.65 | Buy | DCF |
| 01/03/19 | DBS Vickers | Silverlake | 0.405 | 0.6 | Buy | PER21x FY19 |
| 01/07/19 | DBS Vickers | Silverlake | 0.425 | 0.62 | Buy | PER21x FY19 |
| 02/01/19 | DMG & Partners | Silverlake | 0.485 | 0.65 | Buy | DCF |
| 02/15/19 | DBS Vickers | Silverlake | 0.515 | 0.62 | Buy | PER21x FY19 |
| 03/01/19 | CIMB | Silverlake | 0.57 | 0.62 | Add | Sum of parts, PER19x CY20 |
| 03/13/19 | DMG & Partners | Silverlake | 0.555 | 0.65 | Buy | DCF |
| 05/07/19 | DMG & Partners | Silverlake | 0.61 | 0.65 | Buy | DCF |
| 05/16/19 | DBS Vickers | Silverlake | 0.52 | 0.63 | Buy | PER21x FY19 |
| 05/16/19 | CIMB | Silverlake | 0.52 | 0.58 | Add | |
| 06/06/19 | DMG & Partners | Silverlake | 0.53 | 0.65 | Buy | DCF |
| 08/01/19 | DMG & Partners | Silverlake | 0.52 | 0.65 | Buy | DCF |
| 08/26/19 | CIMB | Silverlake | 0.51 | 0.53 | Hold | |
| 08/26/19 | DBS Vickers | Silverlake | 0.51 | 0.6 | Buy | PER21x FY20 |
| 09/05/19 | DMG & Partners | Silverlake | 0.455 | 0.56 | Buy | DCF |
| 10/08/19 | DMG & Partners | Silverlake | 0.44 | 0.56 | Buy | |
| 11/15/19 | DBS Vickers | Silverlake | 0.44 | 0.57 | Buy | PER21x FY20 |
| 11/18/19 | DMG & Partners | Silverlake | 0.43 | 0.46 | Neutral | DCF |
| 12/10/19 | DMG & Partners | Silverlake | 0.41 | 0.46 | Neutral | |
| 02/14/20 | DBS Vickers | Silverlake | 0.37 | 0.48 | Buy | PER21x FY20 |
| 02/14/20 | DMG & Partners | Silverlake | 0.37 | 0.41 | Neutral | DCF |
SIIC - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/21/19 | DBS Vickers | SIIC | 0.29 | 0.32 | Hold | PER13x FY19 |
| 08/13/19 | DBS Vickers | SIIC | 0.235 | 0.265 | Hold | FS |
Stock calls for 17 March 2020
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 03/17/20 | Kim Eng | Cache Logistics | 0.515 | 0.8 | Buy | |
| 03/17/20 | Kim Eng | Capitamall Trust | 2 | 2.7 | Buy | |
| 03/17/20 | DMG & Partners | OCBC | 8.7 | 9.6 | Buy | GGM, PB0.89x FY20 |
| 03/17/20 | DBS Vickers | OCBC | 8.7 | 8.6 | Hold | GGM, PB0.8x FY20 |
| 03/17/20 | Kim Eng | SPH Reit | 0.87 | 1.15 | Buy | |
| 03/17/20 | DMG & Partners | ST Engineering | 3.36 | 4.9 | Buy | Sum of parts |
| 03/17/20 | DBS Vickers | UOB | 19.45 | 19 | Hold | GGM, PB0.8x FY20 |
| 03/17/20 | UOB Kay Hian | Yangzijiang | 0.8 | 1.25 | Buy |
Singapore Nodx climbed 3% yoy in February.
Year on year changes (YOY):
February 2020: 3%
January 2020: - 3.3%
December 2019: 2.4%
November 2019: - 5.9%
October 2019: - 12.3%
September 2019: -8.1%
August 2019: - 8.9%
July 2019: -11.2%
June 2019: -17.3%
May 2019: -15.9%
April 2019: -10%
March 2019: -11.7%
February 2019: 4.9%
January 2019: -10.1%
December 2018: -8.5%
November 2018: -2.6%
October 2018: 8.3%
September 2018: 8.3%
August 2018: 5%
July 2018: 11.8% (Corrected)
June 2018: 1.1%
May 2018: 15.5%
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%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
50m Americans could be infected by covid-19.
https://www.asiainsurancereview.com/News/View-NewsLetter-Article/id/60687/Type/eDaily/COVID-19-Around-50m-Americans-could-be-infected-and-lead-to-90bn-medical-insurance-claims
S&P is projecting that 50m Americans will be infected by covid-19. This means there will be 1.7m deaths in the US at a 3.4% mortality rate.
The US still has a long way to go from the current statistics. The US cases are rising rapidly now.
S&P is projecting that 50m Americans will be infected by covid-19. This means there will be 1.7m deaths in the US at a 3.4% mortality rate.
The US still has a long way to go from the current statistics. The US cases are rising rapidly now.
omg! The UK has given up its fight against covid-19 outbreak.
https://www.bloomberg.com/news/articles/2020-03-13/u-k-says-virus-needs-to-infect-60-of-britons-to-save-lives
The UK has given up!
This is really an insane proposition.
The UK will be the virus outbreak epicentre soon because it is not trying to contain and mitigate the outbreak. It will let its people mingle around to achieve the herd immunity objective.
We must ban UK now!
The UK has given up!
This is really an insane proposition.
The UK will be the virus outbreak epicentre soon because it is not trying to contain and mitigate the outbreak. It will let its people mingle around to achieve the herd immunity objective.
We must ban UK now!
Monday, March 16, 2020
The US markets just had a dead-cat bounce. Why? - Part 2
http://sg-stock.blogspot.com/2020/03/the-us-markets-just-had-dead-cat-bounce.html
We told you that it was a dead-cat bounce last Friday. There is no way for the stock markets to recover when the infection rate and death toll are increasing.
Subscribe to:
Posts (Atom)
