Genting - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	Genting	0.905	0.82	Neutral
01/03/17	OCBC	Genting	0.905	0.88	Hold
01/05/17	Credit Suisse	Genting	0.91	1.18	Outperform
01/12/17	CIMB	Genting	0.935	0.93	Hold	DCF
01/31/17	UOB Kay Hian	Genting	0.96	0.91	Hold	Buy @ $0.85
02/23/17	DBS Vickers	Genting	0.98	1.2	Buy	DCF
02/23/17	Deutsche	Genting	0.98	1.35	Buy
02/23/17	DMG & Partners	Genting	0.98	0.93	Neutral	DCF
02/23/17	Kim Eng	Genting	0.98	1.1	Buy
02/23/17	OCBC	Genting	0.98	1.17	Buy
02/23/17	UOB Kay Hian	Genting	0.98	1.01	Hold	EV/Ebitda11.6x FY17, Buy @ $0.95 or below
02/23/17	Nomura	Genting	0.98	1.16	Buy
02/24/17	CIMB	Genting	1.03	1.11	Add	EV/Ebitda 9x FY18
03/13/17	Credit Suisse	Genting	1	1.2	Outperform
03/17/17	DBS Vickers	Genting	1	1.2	Buy
04/07/17	Credit Suisse	Genting	1.025	1.2	Outperform
05/04/17	Kim Eng	Genting	1.11	1.25	Buy	EV/Ebitda12x FY17
05/15/17	CIMB	Genting	1.08	1.24	Add	EV/Ebitda12x FY18
05/15/17	Credit Suisse	Genting	1.08	1.35	Outperform	Ev/Ebitda13.1x FY18
05/15/17	DMG & Partners	Genting	1.08	1.04	Neutral	DCF
05/15/17	OCBC	Genting	1.08	1.17	Buy
05/15/17	UOB Kay Hian	Genting	1.08	1.15	Hold	EV/Ebitda11.8x FY17, Buy @ $1.05
05/15/17	Nomura	Genting	1.08	1.38	Buy
05/16/17	DBS Vickers	Genting	1.15	1.35	Buy	DCF
06/16/17	DBS Vickers	Genting	1.155	1.35	Buy
06/22/17	Deutsche	Genting	1.145	1.2	Hold	EV/Ebitda12x FY17
07/13/17	UOB Kay Hian	Genting	1.055	1.12	Hold
07/28/17	Credit Suisse	Genting	1.15	1.35	Outperform
08/03/17	CIMB	Genting	1.18	1.35	Add	EV/Ebitda 12x FY18
08/03/17	UOB Kay Hian	Genting	1.18	1.15	Hold	EV/Ebitda10.5x FY18, Buy @ $1.05
08/03/17	DMG & Partners	Genting	1.18	1.19	Neutral	DCF
08/03/17	Kim Eng	Genting	1.18	1.35	Buy	EV/Ebitda 12x
08/03/17	OCBC	Genting	1.18	1.32	Buy	FCFE
08/03/17	DBS Vickers	Genting	1.18	1.45	Buy	EV/Ebitda13x
08/03/17	Credit Suisse	Genting	1.18	1.48	Outperform
08/03/17	Nomura	Genting	1.18	1.42	Buy
09/26/17	Kim Eng	Genting	1.15	1.35	Buy
10/11/17	Deutsche	Genting	1.21	1.2	Hold	EV/Ebitda12x FY17
10/26/17	CIMB	Genting	1.2	1.35	Add	EV/Ebitda12x FY18
10/27/17	UOB Kay Hian	Genting	1.25	1.15	Hold
11/07/17	CIMB	Genting	1.235	1.45	Add
11/07/17	UOB Kay Hian	Genting	1.235	1.3	Hold	EV/Ebitda11.2x FY18, Buy @ $1.15
11/07/17	Credit Suisse	Genting	1.235	1.6	Outperform
11/07/17	DMG & Partners	Genting	1.235	1.21	Neutral	DCF
11/07/17	OCBC	Genting	1.235	1.35	Buy	FCFE
11/07/17	Kim Eng	Genting	1.235	1.42	Buy	EV/Ebitda12x FY18
11/07/17	DBS Vickers	Genting	1.235	1.51	Buy	DCF
11/07/17	Nomura	Genting	1.235	1.53	Buy
12/06/17	DBS Vickers	Genting	1.35	1.51	Buy
12/14/17	Kim Eng	Genting	1.34	1.42	Buy
12/20/17	CIMB	Genting	1.34	1.45	Add
01/05/18	DBS Vickers	Genting	1.34	1.51	Buy
02/07/18	CIMB	Genting	1.27	1.45	Add
02/26/18	Kim Eng	Genting	1.3	1.46	Buy	EV/Ebitda 12x FY18
02/26/18	UOB Kay Hian	Genting	1.3	1.3	Hold	EV/Ebitda10.4x FY18, Buy @ $1.15
02/26/18	DBS Vickers	Genting	1.3	1.49	Buy	DCF
02/26/18	DMG & Partners	Genting	1.3	1.34	Neutral	DCF
02/26/18	OCBC	Genting	1.3	1.45	Buy	FCFE
02/26/18	CIMB	Genting	1.3	1.49	Add	EV/Ebitda12x FY19
02/26/18	Nomura	Genting	1.3	1.52	Buy
03/05/18	CIMB	Genting	1.15	1.49	Add	EV/Ebitda12x FY19
04/05/18	UOB Kay Hian	Genting	1.03	1.3	Buy	EV/Ebitda10.4x FY18
04/06/18	CIMB	Genting	1.08	1.4	Add	EV/Ebitda11.5x FY19
04/10/18	Kim Eng	Genting	1.14	1.46	Buy	EV/Ebitda 12x FY18
05/11/18	CIMB	Genting	1.16	1.4	Add	EV/Ebitda11.5x FY19
05/11/18	UOB Kay Hian	Genting	1.16	1.38	Buy	Sum of parts, EV/Ebitda10.3x FY18
05/11/18	DBS Vickers	Genting	1.16	1.49	Buy	DCF
05/11/18	OCBC	Genting	1.16	1.45	Buy	FCFE
05/11/18	Nomura	Genting	1.16	1.52	Buy
05/14/18	DMG & Partners	Genting	1.28	1.42	Buy	DCF

Stock calls for 23 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/23/18	DMG & Partners	Breadtalk	0.925	0.93	Neutral	Sum of parts, Stock split 1-into-2
05/23/18	UOB Kay Hian	Cityneon	0.99	1.55	Buy
05/23/18	OCBC	Frasers Centrepoint Trust	2.2	2.49	Buy
05/23/18	UOB Kay Hian	M1	1.76	1.6	Sell
05/23/18	OCBC	Mapletree Greater China	1.16	1.42	Buy
05/23/18	Lim & Tan	SGX	7.48	0	Buy on weakness
05/23/18	UOB Kay Hian	ST Engineering	3.47	4.1	Buy
05/23/18	UOB Kay Hian	Sunningdale	1.27	2	Buy

Australia is regretting its anti-China stance now.

https://sg.finance.yahoo.com/news/chinese-newspaper-suggests-cut-imports-downgrade-ties-australia-053518130--finance.html

The white trash of the east is eager to mend the soured relationship with China because of declining economic benefits from China.

It looks like they've not heard of this saying, "Never bite the hand that feeds you".

We did warn about making the Rohingya issue an international issue.

https://sg.news.yahoo.com/armed-rohingya-group-massacred-hindus-000746360.html

It will be harder to integrate Rohingya into Myanmar when Rohingya becomes an international issue because Myanmar and Rohingya have a historical feud which is difficult to resolve.

The dark side of Rohingya will come to the forefront when it becomes an international issue.  This Rohingya group that massacred the Hindus is just the tip of the iceberg.

http://sg-stock.blogspot.sg/2018/01/whats-wrong-with-singapores-mindset.html

http://sg-stock.blogspot.sg/2017/12/the-truth-of-rohingya-and-main-culprit.html

http://sg-stock.blogspot.sg/2018/01/the-world-is-silent-on-rohingya-because.html

KL-SG HSR will be delayed!

https://sg.news.yahoo.com/full-review-mega-projects-including-031735593.html

Malaysia has been notorious for the low productivity and the HSR review will take a super long time.  Furthermore, Malaysia has just declared that it is having a MYR$1T debt.

Therefore, it is a confirmation that the KL-SG HSR will be delayed because it doesn't want to pay billions in a penalty to SG for cancellation.

Fu Yu - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/17	DMG & Partners	Fu Yu	0.194	0.29	Buy
02/24/17	DMG & Partners	Fu Yu	0.21	0.27	Buy	DCF
03/03/17	DBS Vickers	Fu Yu	0.205	0.25	Not Rated	PER6x FY7, Ex-Cash
05/11/17	DMG & Partners	Fu Yu	0.225	0.23	Neutral
05/16/18	DMG & Partners	Fu Yu	0.186	0.2	Neutral	DCF

Frencken - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/22/17	UOB Kay Hian	Frencken	0.59	0.79	Buy	PER12.3x FY18
05/16/17	Amfrasers	Frencken	0.445	0.63	Buy	PER10x FY17
08/11/17	Lim & Tan	Frencken	0.52	0.63	Buy	PER8.1x
08/16/17	Amfrasers	Frencken	0.51	0.73	Buy	PER10x FY18, PB1.2x
11/15/17	Amfrasers	Frencken	0.54	0.66	Buy	PER10x FY18
02/26/18	Amfrasers	Frencken	0.67	0.72	Hold	PER12x FY18
03/07/18	Amfrasers	Frencken	0.63	0.72	Buy	PER12x FY18
05/11/18	UOB Kay Hian	Frencken	0.54	0.79	Buy

Stock calls for 22 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/22/18	Amfrasers	Japan Foods	0.485	0.64	Buy	DCF
05/22/18	CIMB	Keppel Corp	8.19	10	Add	Sum of parts
05/22/18	CIMB	Sembcorp Marine	2.27	2.52	Add	PB2.2x CY18
05/22/18	NRA	Serial System	0.1666	0.24	Overweight	DCF
05/22/18	Amfrasers	Uni-Asia	1.4	1.81	Buy	Sum of parts, PB0.5x FY18, PER10x FY18
05/22/18	DMG & Partners	Valuetronics	0.845	0.96	Buy
05/22/18	Lim & Tan	Wheelock Properties	1.81	0	Buy

Hyflux is going bankrupt soon.

https://www.bloombergquint.com/business/2018/05/22/hyflux-said-to-mull-seeking-court-protection-for-creditor-talks#gs.9OVbY8o

The once touted Singapore female CEO is going down the abyss now.

Hyflux's share price will tank when it resumes trading.

This is what Vietnam gets after granting approval for USA aircraft carrier visitation.

https://sg.finance.yahoo.com/news/us-hikes-tariffs-chinese-steel-064531281.html

The USA tramples over Vietnam after Vietnam war by imposing steel tariffs against Vietnam. 

Vietnam must be regretting now for granting the approval for the USA aircraft carrier visitation.

http://sg-stock.blogspot.sg/2018/01/the-usa-aircraft-carrier-will-visit.html

https://www.nytimes.com/2018/03/04/world/asia/carl-vinson-vietnam.html

USA is pushing EU to forge closer relationship with China.

https://www.yahoo.com/news/germanys-merkel-visit-china-may-24-25-spokeswoman-095040740--sector.html

The USA is helping China to forge closer relationships with EU by coercing the EU with tariffs.

Many countries are going to China for political and economic benefits nowadays.

Another economist portends that bitcoin is worthless.

https://www.marketwatch.com/Story/theres-a-decent-probability-bitcoin-goes-to-zero-says-vanguard-economist-2018-05-21?&siteid=yhoof2&yptr=yahoo

More and more economists are warning about bitcoin nowadays.

http://sg-stock.blogspot.sg/2018/03/bitcoin-is-only-worth-100-not-100000-in.html

http://sg-stock.blogspot.sg/2018/03/bitcoin-is-worthless.html

http://sg-stock.blogspot.sg/2018/02/world-bank-says-bitcoin-is-scam.html

Frasers Property - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/17	DBS Vickers	Frasers Property	1.62	2	Buy	RNAV (30% discount)
02/10/17	DBS Vickers	Frasers Property	1.6	2	Buy	RNAV (30% discount)
02/10/17	DIR	Frasers Property	1.6	1.89	Buy	RNAV (30% discount)
02/13/17	CIMB	Frasers Property	1.67	2.02	Add	RNAV (30% discount)
03/15/17	DIR	Frasers Property	1.705	1.89	Buy	RNAV (30% discount)
03/17/17	DBS Vickers	Frasers Property	1.74	2	Buy
04/04/17	DBS Vickers	Frasers Property	1.745	2	Buy	RNAV (30% discount)
04/04/17	DIR	Frasers Property	1.745	1.91	Outperform	RNAV (30% discount)
04/10/17	CIMB	Frasers Property	1.785	2.02	Add	RNAV (20% discount)
04/17/17	Lim & Tan	Frasers Property	1.79	0	Buy
04/18/17	DIR	Frasers Property	1.755	2.03	Outperform	Sum of parts (30% discount)
05/11/17	Lim & Tan	Frasers Property	1.865	0	Buy
05/12/17	CIMB	Frasers Property	1.865	2.05	Add	RNAV (30% discount)
05/12/17	DBS Vickers	Frasers Property	1.865	2.3	Buy	RNAV (20% discount)
05/12/17	DIR	Frasers Property	1.865	2.04	Outperform	Sum of parts (30% discount)
06/09/17	UOB Kay Hian	Frasers Property	1.885	2.26	Buy
06/14/17	Lim & Tan	Frasers Property	1.89	0	Buy
08/01/17	DBS Vickers	Frasers Property	1.925	2.3	Buy	RNAV (20% discount), PB1x
08/10/17	CIMB	Frasers Property	1.915	2.09	Add	RNAV (30% discount)
08/11/17	DBS Vickers	Frasers Property	1.91	2.35	Buy	RNAV (20% discount), PB1x
09/12/17	DBS Vickers	Frasers Property	2.12	2.35	Buy
09/12/17	Lim & Tan	Frasers Property	2.12	0	Hold
11/10/17	Lim & Tan	Frasers Property	2.04	0	Buy
11/14/17	DBS Vickers	Frasers Property	2.05	2.35	Buy	RNAV (20% discount), PB1x
11/14/17	CIMB	Frasers Property	2.05	2.37	Add	RNAV (30% discount)
12/15/17	Lim & Tan	Frasers Property	2.08	0	Buy
12/18/17	DBS Vickers	Frasers Property	2.12	2.35	Buy
01/02/18	Lim & Tan	Frasers Property	2.08	0	Buy
02/12/18	CIMB	Frasers Property	1.96	2.4	Add	RNAV (30% discount)
02/12/18	DBS Vickers	Frasers Property	1.96	2.35	Buy	RNAV (20% discount), PB1x
04/13/18	DBS Vickers	Frasers Property	1.96	2.35	Buy
05/11/18	CIMB	Frasers Property	1.95	2.4	Add

Frasers Logistics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	UOB Kay Hian	Frasers Logistics	0.925	1.11	Buy
01/09/17	DBS Vickers	Frasers Logistics	0.945	1.1	Buy	DCF
02/06/17	Lim & Tan	Frasers Logistics	0.95	0	Buy
02/07/17	DBS Vickers	Frasers Logistics	0.96	1.1	Buy	DCF
02/07/17	OCBC	Frasers Logistics	0.96	1.08	Buy	DDM
02/07/17	UOB Kay Hian	Frasers Logistics	0.96	1.11	Buy	DDM
03/02/17	UOB Kay Hian	Frasers Logistics	0.96	1.11	Buy
03/06/17	OCBC	Frasers Logistics	0.935	1.08	Buy
03/17/17	DBS Vickers	Frasers Logistics	0.95	1.1	Buy
04/10/17	DBS Vickers	Frasers Logistics	0.975	1.1	Buy	DCF
04/11/17	UOB Kay Hian	Frasers Logistics	0.975	1.11	Buy
04/24/17	CIMB	Frasers Logistics	1.02	1.1	Add	DDM
05/08/17	OCBC	Frasers Logistics	1.01	1.12	Buy
05/08/17	UOB Kay Hian	Frasers Logistics	1.01	1.11	Buy	DDM
05/09/17	CIMB	Frasers Logistics	1.025	1.1	Add	DDM
05/09/17	DBS Vickers	Frasers Logistics	1.025	1.1	Buy	DCF
06/05/17	OCBC	Frasers Logistics	1.02	1.12	Buy
06/07/17	CIMB	Frasers Logistics	1.035	1.1	Add
06/07/17	DBS Vickers	Frasers Logistics	1.035	1.1	Buy
06/07/17	DMG & Partners	Frasers Logistics	1.035	1.1	Add
06/07/17	Lim & Tan	Frasers Logistics	1.035	0	Buy
06/29/17	OCBC	Frasers Logistics	1.055	1.14	Buy
07/12/17	Lim & Tan	Frasers Logistics	1.06	1.1	Buy
07/18/17	CIMB	Frasers Logistics	1.055	1.1	Add
07/26/17	DBS Vickers	Frasers Logistics	1.1	1.15	Buy	DCF
07/28/17	UOB Kay Hian	Frasers Logistics	1.095	1.11	Buy
07/31/17	UOB Kay Hian	Frasers Logistics	1.11	1.2	Buy	DDM
07/31/17	OCBC	Frasers Logistics	1.11	1.22	Buy
07/31/17	Lim & Tan	Frasers Logistics	1.11	1.11	Hold
08/01/17	CIMB	Frasers Logistics	1.095	1.1	Add	DDM
08/01/17	DBS Vickers	Frasers Logistics	1.095	1.15	Buy
08/17/17	UOB Kay Hian	Frasers Logistics	1.07	1.2	Buy
08/22/17	OCBC	Frasers Logistics	1.07	1.22	Buy
10/05/17	OCBC	Frasers Logistics	1.08	1.22	Buy
10/10/17	CIMB	Frasers Logistics	1.085	1.2	Add	DDM
10/23/17	UOB Kay Hian	Frasers Logistics	1.115	1.2	Buy
11/02/17	Lim & Tan	Frasers Logistics	1.11	0	Buy
11/03/17	OCBC	Frasers Logistics	1.115	1.25	Buy
11/03/17	UOB Kay Hian	Frasers Logistics	1.115	1.2	Buy	DDM
11/03/17	CIMB	Frasers Logistics	1.115	1.2	Add	DDM
11/03/17	DBS Vickers	Frasers Logistics	1.115	1.18	Buy	DCF
12/01/17	UOB Kay Hian	Frasers Logistics	1.08	1.2	Buy
12/14/17	CIMB	Frasers Logistics	1.12	1.2	Add	DDM
12/14/17	OCBC	Frasers Logistics	1.12	1.25	Buy
01/10/18	OCBC	Frasers Logistics	1.19	1.25	Buy
01/29/18	CIMB	Frasers Logistics	1.15	1.24	Add	DDM
01/29/18	DBS Vickers	Frasers Logistics	1.15	1.24	Buy
03/06/18	OCBC	Frasers Logistics	1.07	1.25	Buy
04/13/18	DBS Vickers	Frasers Logistics	1.07	1.24	Buy
04/23/18	CIMB	Frasers Logistics	1.08	1.24	Add	DDM
04/23/18	OCBC	Frasers Logistics	1.08	1.25	Buy
05/08/18	OCBC	Frasers Logistics	1.02	1.25	Buy
05/09/18	CIMB	Frasers Logistics	1.03	1.24	Add	DDM
05/09/18	OCBC	Frasers Logistics	1.03	1.21	Buy

Frasers Hospitality Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/17	UOB Kay Hian	Frasers Hospitality Trust	0.65	0.74	Buy
02/09/17	DBS Vickers	Frasers Hospitality Trust	0.665	0.75	Buy	DCF
03/07/17	UOB Kay Hian	Frasers Hospitality Trust	0.68	0.74	Buy
04/11/17	UOB Kay Hian	Frasers Hospitality Trust	0.715	0.74	Buy
05/02/17	DBS Vickers	Frasers Hospitality Trust	0.73	0.85	Buy	DCF
05/25/17	UOB Kay Hian	Frasers Hospitality Trust	0.705	0.8	Buy
07/25/17	UOB Kay Hian	Frasers Hospitality Trust	0.735	0.8	Buy
07/31/17	DBS Vickers	Frasers Hospitality Trust	0.745	0.83	Buy	DCF
08/17/17	UOB Kay Hian	Frasers Hospitality Trust	0.735	0.8	Buy
10/23/17	UOB Kay Hian	Frasers Hospitality Trust	0.765	0.8	Buy
10/30/17	UOB Kay Hian	Frasers Hospitality Trust	0.775	0.85	Buy
10/30/17	Lim & Tan	Frasers Hospitality Trust	0.775	0	Hold
11/09/17	UOB Kay Hian	Frasers Hospitality Trust	0.77	0.85	Buy
12/01/17	UOB Kay Hian	Frasers Hospitality Trust	0.775	0.85	Buy
12/18/17	DBS Vickers	Frasers Hospitality Trust	0.785	0.89	Buy
01/26/18	UOB Kay Hian	Frasers Hospitality Trust	0.81	0.9	Buy	DDM
02/20/18	DBS Vickers	Frasers Hospitality Trust	0.79	0.89	Buy
03/15/18	UOB Kay Hian	Frasers Hospitality Trust	0.78	0.9	Buy
04/13/18	DBS Vickers	Frasers Hospitality Trust	0.75	0.89	Buy
04/27/18	UOB Kay Hian	Frasers Hospitality Trust	0.745	0.9	Buy
04/27/18	DBS Vickers	Frasers Hospitality Trust	0.745	0.83	Buy	DCF

Stock calls for 21 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/21/18	Phillip	A-Reit	2.65	2.91	Accumulate
05/21/18	Lim & Tan	Boustead Projects	0.81	0	Hold
05/21/18	phillip	Cache Logistics	0.805	0.91	Accumulate
05/21/18	DMG & Partners	Dairy Farm	8.6	9.66	Buy	DCF
05/21/18	CIMB	ESR-Reit	0.525	0.6	Add	DDM
05/21/18	DBS Vickers	ESR-Reit	0.525	0.63	Buy
05/21/18	Phillip	Keppel DC Reit	1.36	1.51	Accumulate
05/21/18	Phillip	Mapletree Industrial	1.95	2.09	Neutral
05/21/18	DMG & Partners	Sheng Siong	1	1.18	Buy	DCF & PER
05/21/18	UOB Kay Hian	SIA	11.56	12.6	Buy	Sum of parts, PB1x FY19
05/21/18	OCBC	SIA	11.56	11.3	Hold
05/21/18	DBS Vickers	SIA	11.56	13.7	Buy	PB1.2x FY19
05/21/18	UOB Kay Hian	Tianjin Zhongxin	1.2	1.72	Buy	PER14.1x FY18
05/21/18	Kim Eng	Viva Industrial	0.89	1.05	Hold
05/21/18	OCBC	Viva Industrial	0.89	0.942	Accept Offer	$0.096 cash & 1.6 ESR-Reit share (New value $0.53)
05/21/18	DBS Vickers	Yanlord	1.67	2.27	Buy	PER6x FY18

Baltic dry index - 1273

Today, Friday, May 18 2018, the Baltic Dry Index decreased by 32 points, reaching 1273 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 - 1046

HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. increased by one this week to 1,046. At this time a year ago there were 901 active rigs. Houston oilfield services company Baker Hughes reported Friday that 844 rigs drilled for oil this week and 200 for gas. Two were listed as miscellaneous. Among major oil- and gas-producing states, New Mexico added three rigs and Texas tacked on two. Kansas gained one. Alaska, Colorado, Louisiana, North Dakota and Ohio each shed one rig. Arkansas, California, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming saw their rig levels unchanged this week.  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

Frasers Commercial Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/17	CIMB	Frasers Commercial Trust	1.28	1.26	Hold	DDM
01/24/17	DBS Vickers	Frasers Commercial Trust	1.28	1.46	Buy	DCF
01/24/17	DIR	Frasers Commercial Trust	1.28	1.36	Hold	DDM
01/24/17	DMG & Partners	Frasers Commercial Trust	1.28	1.4	Neutral	DDM
01/24/17	OCBC	Frasers Commercial Trust	1.28	1.48	Buy
02/28/17	DIR	Frasers Commercial Trust	1.27	1.42	Outperform	DDM
03/10/17	DMG & Partners	Frasers Commercial Trust	1.255	1.4	Neutral
03/14/17	OCBC	Frasers Commercial Trust	1.25	1.39	Buy
04/07/17	DMG & Partners	Frasers Commercial Trust	1.315	1.4	Neutral	DDM
04/18/17	DIR	Frasers Commercial Trust	1.325	1.42	Outperform
04/21/17	OCBC	Frasers Commercial Trust	1.325	1.39	Buy
04/24/17	CIMB	Frasers Commercial Trust	1.335	1.35	Hold	DDM
04/24/17	DIR	Frasers Commercial Trust	1.335	1.45	Outperform	DDM
04/25/17	DBS Vickers	Frasers Commercial Trust	1.35	1.52	Buy	DCF
05/30/17	DBS Vickers	Frasers Commercial Trust	1.38	1.52	Buy	DCF
07/12/17	DMG & Partners	Frasers Commercial Trust	1.41	1.4	Neutral
07/25/17	CIMB	Frasers Commercial Trust	1.425	1.45	Hold	DDM
07/25/17	DBS Vickers	Frasers Commercial Trust	1.425	1.61	Buy	DCF
07/26/17	OCBC	Frasers Commercial Trust	1.44	1.42	Hold
07/26/17	DIR	Frasers Commercial Trust	1.44	1.45	Hold	DDM
09/04/17	OCBC	Frasers Commercial Trust	1.395	1.42	Hold
09/21/17	DMG & Partners	Frasers Commercial Trust	1.41	1.4	Neutral
09/25/17	Lim & Tan	Frasers Commercial Trust	1.395	0	Hold
09/26/17	DIR	Frasers Commercial Trust	1.38	1.43	Hold	DDM
10/23/17	OCBC	Frasers Commercial Trust	1.41	1.42	Hold	DDM
10/23/17	DMG & Partners	Frasers Commercial Trust	1.41	1.39	Neutral	DDM
10/23/17	CIMB	Frasers Commercial Trust	1.41	1.46	Hold	DDM
10/23/17	DBS Vickers	Frasers Commercial Trust	1.41	1.55	Buy	DCF
11/06/17	OCBC	Frasers Commercial Trust	1.39	1.42	Hold
11/07/17	DBS Vickers	Frasers Commercial Trust	1.395	1.55	Buy	DCF
12/15/17	OCBC	Frasers Commercial Trust	1.44	1.42	Hold
12/18/17	OCBC	Frasers Commercial Trust	1.42	1.51	Buy	DDM
01/05/18	DMG & Partners	Frasers Commercial Trust	1.53	1.39	Neutral
01/19/18	DBS Vickers	Frasers Commercial Trust	1.51	1.71	Buy	DCF
01/23/18	OCBC	Frasers Commercial Trust	1.55	1.51	Hold
01/23/18	DMG & Partners	Frasers Commercial Trust	1.55	1.55	Neutral	DDM
01/24/18	CIMB	Frasers Commercial Trust	1.52	1.55	Hold	DDM
02/20/18	DBS Vickers	Frasers Commercial Trust	1.44	1.71	Buy
04/05/18	OCBC	Frasers Commercial Trust	1.41	1.51	Buy
04/13/18	DBS Vickers	Frasers Commercial Trust	1.46	1.71	Buy	DCF
04/23/18	CIMB	Frasers Commercial Trust	1.46	1.5	Hold	DDM
04/23/18	OCBC	Frasers Commercial Trust	1.46	1.54	Buy
04/23/18	DMG & Partners	Frasers Commercial Trust	1.46	1.49	Neutral	DDM
04/23/18	DBS Vickers	Frasers Commercial Trust	1.46	1.65	Buy	DCF
04/23/18	Kim Eng	Frasers Commercial Trust	1.46	2.55	Buy
05/17/18	DMG & Partners	Frasers Commercial Trust	1.36	1.49	Neutral