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Tuesday, January 9, 2018

Korean Hyundai is attacking the Japanese car manufacturers!

Hyundai latest advertisement focuses on its steel quality instead of its car features.  Why?

The Japanese Kobe steel scandal has affected the automotive industry and Hyundai is taking advantage of the scandal to showcase its steel quality over the Japan-made cars.

In another Korean stunt, Hyundai managed to stack 7 cars vertically to prove its steel mettle.

Bomb cyclone is creating weather havoc now and polar vortex is coming too!

Just look at the weather havoc created by the bomb cyclone in the USA & China.

https://www.washingtonpost.com/news/capital-weather-gang/wp/2018/01/02/monster-storm-to-blast-east-coast-before-polar-vortex-uncorks-tremendous-cold-late-this-week/?utm_term=.5646aff059df

New York

China yellow river (Huanghe)

The polar vortex is no longer able to be contained in the Arctic and will flow to the USA and beyond.  Scientists have discovered that the Arctic is forming more ice but the Antarctic is melting its ice.  Some scientists are postulating that ice age will happen in 2030 because of the sun activity.

http://metro.co.uk/2018/01/02/mini-ice-age-hit-2030-save-us-global-warming-scientists-claim-7196604/

Monday, January 8, 2018

Hotung - Stock calls


Date Analyst Company Last Target Call Valuation
01/20/17 DMG & Partners Hotung 1.515 1.9 Buy PB0.6x, Yield 7%
04/17/17 DMG & Partners Hotung 1.75 2 Buy PB0.6x FY17
06/07/17 UOB Kay Hian Hotung 1.87 3.38 Buy
06/12/17 Lim & Tan Hotung 1.92 3.02 Buy
07/05/17 UOB Kay Hian Hotung 1.865 3.38 Buy PB0.94x
08/17/17 UOB Kay Hian Hotung 2.1 2.93 Buy

Hotel Properties - Stock calls


Date Analyst Company Last Target Call Valuation
02/29/16 OCBC Hotel Properties 3.5 5.32 Buy
03/07/16 OCBC Hotel Properties 3.55 4.83 Buy
05/17/16 OCBC Hotel Properties 3.47 4.83 Buy
08/12/16 OCBC Hotel Properties 3.5 4.83 Buy
02/28/17 OCBC Hotel Properties 3.76 4.83 Buy
08/16/17 OCBC Hotel Properties 3.87 4.83 Buy

HongKong Land - Stock calls


Date Analyst Company Last Target Call Valuation
01/26/16 Credit Suisse Hongkong Land 5.95 7.9 Outperform
01/26/16 Deutsche Hongkong Land 5.95 7.2 Hold
03/04/16 Lim & Tan Hongkong Land 6.02 0 Buy
03/07/16 Credit Suisse Hongkong Land 6.14 7.5 Outperform
03/07/16 DBS Vickers Hongkong Land 6.14 8.16 Buy
03/07/16 Deutsche Hongkong Land 6.14 4.86 Sell RNAV (38% discount), PER14x FY16
08/01/16 Credit Suisse Hongkong Land 6.4 7.2 Neutral
08/01/16 DBS Vickers Hongkong Land 6.4 7.87 Buy
08/01/16 Deutsche Hongkong Land 6.4 5.76 Sell
11/11/16 DBS Vickers Hongkong Land 6.63 7.76 Buy
12/07/16 Deutsche Hongkong Land 6.4 5.76 Sell
03/03/17 CIMB Hongkong Land 7.02 7.8 Add RNAV (40% discount)
03/03/17 DBS Vickers Hongkong Land 7.02 7.8 Buy RNAV (35% discount)
03/03/17 Lim & Tan Hongkong Land 7.02 0 Buy
03/06/17 Credit Suisse Hongkong Land 6.84 7.2 Neutral
03/06/17 DBS Vickers Hongkong Land 6.84 7.9 Buy
04/04/17 CIMB Hongkong Land 7.72 8.5 Add RNAV (35% discount)
05/04/17 DBS Vickers Hongkong Land 7.75 8.51 Buy RNAV (30% discount)
06/13/17 Lim & Tan Hongkong Land 7.76 0 Buy
08/03/17 DBS Vickers Hongkong Land 7.54 8.93 Buy RNAV (30% discount)
08/04/17 CIMB Hongkong Land 7.59 9.1 Add RNAV (35% discount)
08/07/17 DIR Hongkong Land 7.8 9.3 Buy RNAV (30% discount), Up from $8.70
11/10/17 DBS Vickers Hongkong Land 7.32 8.93 Buy RNAV (30% discount)
12/20/17 CIMB Hongkong Land 7.16 9.1 Add

Stock calls for 8 January 2018


Date Analyst Company Last Target Call Valuation
01/08/18 DBS Vickers Capitaland 3.65 4.35 Buy RNAV (10% discount)
01/08/18 CIMB Capitaland 3.65 4.25 Add RNAV (20% discount)
01/08/18 UOB Kay Hian Capitaland 3.65 4.3 Buy RNAV (15% discount)
01/08/18 DMG & Partners Capitaland 3.65 4.2 Buy RNAV (15% discount)
01/08/18 DMG & Partners DBS 26.32 23.33 Neutral
01/08/18 CIMB HMI 0.665 0.83 Add DCF
01/08/18 CIMB Q & M 0.65 0.61 Reduce PER28x CY19
01/08/18 CIMB Raffles Medical 1.12 1.24 Add Sum of parts
01/08/18 CIMB SPH Reit 1.07 1.06 Hold DDM
01/08/18 Lim & Tan SPH Reit 1.07 0 Hold
01/08/18 OCBC SPH Reit 1.07 1.08 Hold
01/08/18 CIMB Talkmed 0.69 0.68 Hold DCF
01/08/18 DMG & Partners UOB 26.91 28.88 Buy

Saturday, January 6, 2018

OMG! My friend's car was shot in Manila today!

I didn't take this picture from the internet.  This is my friend's car with a bullet hole.

My friend's car was shot while she was driving out for lunch in Manila.  Fortunately, nobody was killed or hit by the bullet.  Manila is really a dangerous place.  Therefore, please be careful when you want to go to Manila for business or leisure.

Let this picture be a warning to all.

Many US retailers are closing down due to good economic growth! Does this make sense?

http://clark.com/shopping-retail/major-retailers-closing-2017/

More than 5,000 USA retail stores closed down in 2017 and more than 1,000 reported that they would close down in 2018.  The retail store closures will definitely be in thousands in 2018.

If the USA economy is growing well and yet the retail stores are closing down in droves, this can only mean 2 things. Either the government is fudging the numbers or there is a structural change in the consumer shopping habit.

Could this be the so-called Amazon effect that revolutionized the shopping trend in the USA?

We'll let you ponder over this.  Good economic growth but more retail store closures is definitely an uncanny phenomenon.

China is cracking down on cryptocurrencies and bitcoin miners are fleeing.

https://finance.yahoo.com/news/bitcoin-miners-reportedly-fleeing-china-190445805.html

This is not surprising if you understand how China works.

The bitcoin fanatics are just in denial that the bitcoin ban in China is just temporary and bitcoin trading will resume in China soon.  However, we've stated in our previous post that this is impossible.

https://sg-stock.blogspot.sg/2017/10/bitcoin-soars-to-all-time-high.html

If the bitcoin trading ban is just temporary in China, the bitcoin miners won't flee and forsake their set up costs.

Baltic dry index - 1371

Today, Friday, January 05 2017, the Baltic Dry Index climbed by 30 points, reaching 1371 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.
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Related Stocks: Sembcorp Marine, Cosco & Pan Ocean

US rig count - 924

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by five this week to 924.
That exceeds the 665 rigs that were active this time a year ago.
Houston oilfield services company Baker Hughes reported on Friday that 742 rigs were drilling for oil and 182 for natural gas this week.
Among oil- and gas-producing states, Wyoming gained two rigs and New Mexico and Texas each gained one.
Louisiana lost six rigs, Oklahoma declined by two and North Dakota lost one.
Alaska, Arkansas, California, Colorado, Ohio, Pennsylvania, Utah and West Virginia 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, Sembcorp Marine & Cosco

Friday, January 5, 2018

Hong Leong Finance - Stock calls


Date Analyst Company Last Target Call Valuation
04/05/17 DBS Vickers Hong Leong Finance 2.7 3.2 Buy GGM, PB0.8x FY17
08/10/17 DBS Vickers Hong Leong Finance 2.63 3.2 Buy GGM, PB0.8x FY17
11/13/17 DBS Vickers Hong Leong Finance 2.72 3.2 Buy GGM, PB0.8x FY17
01/05/18 DBS Vickers Hong Leong Finance 2.77 3.2 Buy

Hock Lian Seng - Stock calls


Date Analyst Company Last Target Call Valuation
07/04/16 phillip Hock Lian Seng 0.345 0.31 Reduce Sum of parts
08/12/16 phillip Hock Lian Seng 0.345 0.31 Reduce Sum of parts
08/18/16 phillip Hock Lian Seng 0.375 0.34 Reduce Sum of parts
11/03/16 CIMB Hock Lian Seng 0.365 0.34 Not Rated Bloomberg consensus target
11/08/16 phillip Hock Lian Seng 0.37 0.38 Neutral Sum of parts
02/16/17 UOB Kay Hian Hock Lian Seng 0.515 0.69 Buy PER7.6x FY17, Ex-Cash
03/02/17 phillip Hock Lian Seng 0.585 0.57 Neutral Sum of parts
03/02/17 UOB Kay Hian Hock Lian Seng 0.585 0.69 Buy
05/11/17 phillip Hock Lian Seng 0.475 0.57 Accumulate Sum of parts
05/11/17 UOB Kay Hian Hock Lian Seng 0.475 0.585 Buy PER7.6x FY17, Ex-Cash
12/06/17 DBS Vickers Hock Lian Seng 0.455 0.58 Not Rated PER11x FY18

Ho Bee - Stock calls


Date Analyst Company Last Target Call Valuation
01/14/16 Kim Eng Ho Bee 1.96 2.84 Buy RNAV (34% discount), PB0.7x
02/26/16 Kim Eng Ho Bee 1.91 2.33 Buy RNAV (38% discount)
03/10/16 Kim Eng Ho Bee 1.955 2.33 Buy RNAV (38% discount)
03/10/16 Lim & Tan Ho Bee 1.955 0 Buy
03/14/16 phillip Ho Bee 2 2.27 Accumulate RNAV (40% discount)
03/28/16 DMG & Partners Ho Bee 2.13 2.6 Buy
04/04/16 Kim Eng Ho Bee 2.19 2.33 Buy
04/20/16 Kim Eng Ho Bee 2.19 2.47 Buy RNAV (40% discount)
04/29/16 phillip Ho Bee 2.17 2.27 Accumulate RNAV (40% discount)
05/04/16 CIMB Ho Bee 2.19 2.8 Add RNAV (30% discount)
05/24/16 UOB Kay Hian Ho Bee 2.23 2.86 Buy
06/08/16 UOB Kay Hian Ho Bee 2.27 2.82 Buy
06/09/16 Kim Eng Ho Bee 2.24 2.47 Buy
06/27/16 DMG & Partners Ho Bee 2.17 2.75 Buy
06/27/16 phillip Ho Bee 2.17 2.2 Accumulate RNAV (40% discount)
06/30/16 Kim Eng Ho Bee 2.13 2.28 Hold RNAV (39% discount)
07/07/16 UOB Kay Hian Ho Bee 2.11 2.82 Buy
08/16/16 CIMB Ho Bee 2.23 2.78 Add RNAV (30% discount)
08/17/16 phillip Ho Bee 2.2 2.2 Accumulate RNAV (40% discount)
09/09/16 Kim Eng Ho Bee 2.16 2.28 Hold
10/05/16 Kim Eng Ho Bee 2.16 2.28 Hold
10/06/16 DMG & Partners Ho Bee 2.16 2.68 Buy
11/09/16 UOB Kay Hian Ho Bee 2.12 2.82 Buy
11/11/16 Lim & Tan Ho Bee 2.11 0 Buy
11/11/16 phillip Ho Bee 2.11 2.2 Accumulate RNAV (40% discount)
12/06/16 Kim Eng Ho Bee 2.09 2.13 Hold
12/13/16 UOB Kay Hian Ho Bee 2.08 2.82 Buy
01/11/17 Kim Eng Ho Bee 2.06 2.13 Hold
02/06/17 phillip Ho Bee 2.29 2 Accumulate
02/09/17 Lim & Tan Ho Bee 2.3 0 Buy
02/28/17 Kim Eng Ho Bee 2.3 2.47 Hold
03/02/17 phillip Ho Bee 2.26 2.64 Accumulate RNAV (30% discount)
03/08/17 UOB Kay Hian Ho Bee 2.32 2.82 Buy
03/13/17 Kim Eng Ho Bee 2.35 2.47 Hold
03/13/17 UOB Kay Hian Ho Bee 2.35 3.02 Buy
03/16/17 Kim Eng Ho Bee 2.3 2.6 Hold
04/26/17 Kim Eng Ho Bee 2.31 2.6 Hold RNAV (36% discount)
04/27/17 phillip Ho Bee 2.37 2.64 Accumulate RNAV (30% discount)
05/29/17 Kim Eng Ho Bee 2.36 3 Buy RNAV (29% discount)
06/16/17 Kim Eng Ho Bee 2.37 3 Buy
07/11/17 Kim Eng Ho Bee 2.35 3 Buy
08/14/17 phillip Ho Bee 2.32 2.98 Accumulate RNAV (30% discount)
08/22/17 CIMB Ho Bee 2.35 3.39 Add RNAV (35% discount)
08/28/17 Kim Eng Ho Bee 2.39 3 Buy
09/18/17 UOB Kay Hian Ho Bee 2.32 3.02 Buy
09/25/17 Kim Eng Ho Bee 2.36 3 Buy
11/10/17 phillip Ho Bee 2.57 2.98 Accumulate RNAV (30% discount)
11/17/17 Kim Eng Ho Bee 2.53 3 Buy
12/01/17 UOB Kay Hian Ho Bee 2.48 3.02 Buy
12/18/17 Kim Eng Ho Bee 2.41 3 Buy

Stock calls for 5 January 2018


Date Analyst Company Last Target Call Percent Valuation
01/05/18 DMG & Partners A-Reit 2.79 2.9 Buy 3.94
01/05/18 DMG & Partners Cache Logistics 0.875 0.84 Neutral -4.00
01/05/18 DMG & Partners CapitaCommercial 2.03 1.6 Take Profit -21.18
01/05/18 OCBC Capitaland 3.66 4.13 Buy 12.84
01/05/18 Lim & Tan Capitaland 3.66 0 Buy -100.00
01/05/18 DMG & Partners Capitamall Trust 2.11 2.08 Neutral -1.42
01/05/18 DMG & Partners CDL Hospitality 1.72 1.7 Buy -1.16
01/05/18 Jefferies City Developments 12.86 14.8 Buy 15.09
01/05/18 DBS Vickers Cityneon 0.97 1.45 Buy 49.48
01/05/18 UOB Kay Hian DBS 26.5 29.5 Buy 11.32
01/05/18 DMG & Partners Frasers Centrepoint Trust 2.29 2.24 Neutral -2.18
01/05/18 DMG & Partners Frasers Commercial Trust 1.53 1.39 Neutral -9.15
01/05/18 DBS Vickers Genting 1.34 1.51 Buy 12.69
01/05/18 DBS Vickers Hong Leong Finance 2.77 3.2 Buy 15.52
01/05/18 DMG & Partners Keppel Reit 1.27 1.05 Neutral -17.32
01/05/18 DMG & Partners Manulife US Reit 0.935 0.98 Buy 4.81
01/05/18 DBS Vickers MM2 Asia 0.545 0.73 Buy 33.94
01/05/18 DBS Vickers OCBC 12.95 14 Buy 8.11 GGM, PB1.4x FY18
01/05/18 UOB Kay Hian OCBC 12.95 14.88 Buy 14.90
01/05/18 OCBC OUE Hospitality 0.875 0.83 Hold -5.14
01/05/18 Amfrasers Sembcorp Marine 1.83 2.05 Hold 12.02
01/05/18 DBS Vickers ST Engineering 3.3 3.7 Hold 12.12
01/05/18 DMG & Partners Starhill 0.775 0.81 Neutral 4.52
01/05/18 DMG & Partners Suntec Reit 2.17 1.75 Neutral -19.35
01/05/18 DBS Vickers UOB 27.02 29.5 Buy 9.18 GGM, PB1.4x FY18
01/05/18 DBS Vickers Venture 21.97 26 Buy 18.34
01/05/18 CIMB Yongnam 0.335 0.53 Add 58.21 PB0.8x FY18

Thursday, January 4, 2018

Paris security is getting from bad to worse.

A Paris policewoman got attacked by mob recently.

If a policewoman could get attacked, what about ordinary people?  When the bad guys are not afraid of the police anymore, the security situation is really bad in Paris.

SIA top management doesn't know how to run an airline anymore.

https://www.channelnewsasia.com/news/singapore/singapore-airlines-sia-cancels-credit-card-fees-9831474

Can you believe this?  The top management wanted to impose the credit card fee on 3 Jan 2018 and then retracted the imposition the next day.

The credit card fee imposition was a major decision that would affect all consumers and could irk the customers.  Therefore, this decision was not something to be taken lightly and must be done through thorough analysis and planning.  However, the top management just went ahead with this decision and retracted it the next day.

This farce shows that the top management doesn't know how to run an airline anymore by making a major decision lightly without much consideration.

Taiwanese boss knew that the oil shipment on the detained HK ship would be sold in international waters.

https://sg.finance.yahoo.com/news/taiwan-investigates-man-over-illegal-085215008.html

We've stated previously that Taiwan was responsible for the illegal oil shipment to NK.  Trump and the western media were just embarking on a smearing campaign against China.

We've been proven right now.  The Taiwan fishery boss admitted that he knew that the oil shipment would be sold in international waters.  He chartered the HK ship to sell oil in international waters.

http://sg-stock.blogspot.sg/2018/01/hot-news-latest-update-on-detained-hk.html

HMI - Stock calls


Date Analyst Company Last Target Call Valuation
09/14/16 Amfraserss HMI 0.53 0.6 Buy DCF, PER42x FY17
11/15/16 Amfraserss HMI 0.755 0.84 Buy DCF, PER33x FY18
02/10/17 Amfraserss HMI 0.645 0.84 Buy
02/13/17 Amfraserss HMI 0.645 0.86 Buy DCF, PER36x FY18
03/10/17 phillip HMI 0.61 0.83 Buy DCF
03/13/17 CIMB HMI 0.635 0.81 Add DCF
03/24/17 OCBC HMI 0.64 0.8 Buy DCF
04/20/17 OCBC HMI 0.625 0.8 Buy
04/20/17 UOB Kay Hian HMI 0.625 0.83 Buy DCF
05/09/17 CIMB HMI 0.615 0.81 Add DCF
05/12/17 OCBC HMI 0.605 0.8 Buy DCF
05/15/17 Amfrasers HMI 0.6 0.86 Buy DCF, PER38x FY18
05/15/17 CIMB HMI 0.6 0.83 Add DCF
05/15/17 phillip HMI 0.6 0.83 Buy DCF, PER35x FY18
06/05/17 Kim Eng HMI 0.63 0.84 Buy DCF, PER35x FY18
06/08/17 OCBC HMI 0.69 0.8 Buy
06/19/17 UOB Kay Hian HMI 0.685 0.83 Buy DCF
08/01/17 UOB Kay Hian HMI 0.665 0.83 Buy DCF
08/24/17 OCBC HMI 0.65 0.8 Buy DCF
08/25/17 Kim Eng HMI 0.645 0.8 Buy DCF
08/25/17 CIMB HMI 0.645 0.83 Add DCF
08/29/17 phillip HMI 0.645 0.83 Buy DCF
09/11/17 UOB Kay Hian HMI 0.635 0.83 Buy DCF
11/15/17 CIMB HMI 0.715 0.83 Add DCF
11/15/17 phillip HMI 0.715 0.83 Buy DCF
11/15/17 UOB Kay Hian HMI 0.715 0.83 Buy DCF
11/15/17 Kim Eng HMI 0.715 0.8 Buy DCF

Hi-P - Stock calls


Date Analyst Company Last Target Call Valuation
05/06/16 Lim & Tan Hi-P 0.425 0 Hold
05/23/17 DBS Vickers Hi-P 0.88 1.07 Buy PER12x FY18
06/16/17 DBS Vickers Hi-P 0.935 1.07 Buy
08/07/17 DBS Vickers Hi-P 1.19 1.45 Buy PER13x
10/03/17 DBS Vickers Hi-P 1.405 1.67 Buy PER13.2x FY18
11/08/17 DBS Vickers Hi-P 1.93 2.3 Buy PER15.4x FY18
12/06/17 DBS Vickers Hi-P 1.61 2.3 Buy
12/21/17 Kim Eng Hi-P 1.75 2.11 Buy PB3.4x FY17, PER13.6x FY18, PEG0.7x