What happened to Hibor after HKMA intervention?

HKD Hibor

CNY Hibor

The current one-month HKD Hibor is at 1.58% and the CNY Hibor is at 2.79%.

http://sg-stock.blogspot.com/2019/03/hong-kong-dollar-has-been-depreciating.html

The previous 1-month HKD Hibor was at 1.33% and the CNY Hibor was at 2.72% as shown in the link above.

The HKMA sold USD and bought HKD to stabilize the HKD which caused the 1-month hibor to rise across the board.

Regal - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/10/18	Tayona	Regal	0.13	0.3	Overweight
08/23/18	Tayona	Regal	0.11	0.3	Overweight

Raffles Medical - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/18	CIMB	Raffles Medical	1.12	1.24	Add	Sum of parts
02/13/18	UOB Kay Hian	Raffles Medical	1.08	1.34	Buy
02/27/18	Phillip	Raffles Medical	1.1	1.32	Accumulate	DCF
02/27/18	UOB Kay Hian	Raffles Medical	1.1	1.32	Buy	DCF
02/27/18	OCBC	Raffles Medical	1.1	1.26	Buy	Sum of parts
02/27/18	Kim Eng	Raffles Medical	1.1	1.13	Hold	DCF
02/27/18	DMG & Partners	Raffles Medical	1.1	1.02	Neutral	DCF
02/28/18	DBS Vickers	Raffles Medical	1.16	1	Fully Valued	Sum of parts, PER26x FY18
03/13/18	UOB Kay Hian	Raffles Medical	1.17	1.32	Buy	DCF
05/02/18	Phillip	Raffles Medical	1.15	1.32	Accumulate	DCF
05/02/18	UOB Kay Hian	Raffles Medical	1.15	1.32	Buy	DCF
05/02/18	DMG & Partners	Raffles Medical	1.15	1.02	Sell	DCF
05/02/18	OCBC	Raffles Medical	1.15	1.26	Buy
05/02/18	CIMB	Raffles Medical	1.15	1.24	Hold	Sum of parts
05/02/18	Kim Eng	Raffles Medical	1.15	1.13	Hold
06/29/18	DMG & Partners	Raffles Medical	1.01	1.02	Neutral	DCF
07/24/18	UOB Kay Hian	Raffles Medical	1.1	1.28	Buy	DCF, PER34.8x FY18
08/07/18	UOB Kay Hian	Raffles Medical	1.09	1.28	Buy	DCF, PER34.8x FY18
08/07/18	DMG & Partners	Raffles Medical	1.09	1.02	Neutral
08/07/18	CIMB	Raffles Medical	1.09	1.19	Hold	Sum of parts
08/07/18	OCBC	Raffles Medical	1.09	1.26	Buy
08/08/18	Phillip	Raffles Medical	1.11	1.32	Accumulate	DCF
09/24/18	OCBC	Raffles Medical	1.1	1.26	Buy
10/30/18	OCBC	Raffles Medical	1.09	1.26	Buy	Sum of parts
10/30/18	UOB Kay Hian	Raffles Medical	1.09	1.27	Buy	DCF
10/30/18	DMG & Partners	Raffles Medical	1.09	1.02	Neutral	DCF
10/30/18	CIMB	Raffles Medical	1.09	1.19	Hold	Sum of parts
12/05/18	UOB Kay Hian	Raffles Medical	1.2	1.3	Buy	DCF
01/23/19	phillip	Raffles Medical	1.11	1.16	Accumulate
02/20/19	UOB Kay Hian	Raffles Medical	1.12	1.3	Buy	DCF
02/26/19	DMG & Partners	Raffles Medical	1.12	1.02	Neutral	DCF
02/26/19	OCBC	Raffles Medical	1.12	1.25	Buy
02/26/19	DBS Vickers	Raffles Medical	1.12	1.12	Hold	Sum of parts, PER27x FY18/19

Q & M - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/18	CIMB	Q & M	0.65	0.61	Reduce	PER28x CY19
03/02/18	phillip	Q & M	0.635	0.625	Hold	PER27x FY18
05/16/18	phillip	Q & M	0.605	0.625	Neutral	PER27x FY18
08/16/18	phillip	Q & M	0.51	0.649	Buy	PER28x FY18
11/19/18	phillip	Q & M	0.51	0.513	Neutral	PER25x FY18/19
11/23/18	CIMB	Q & M	0.505	0.47	Reduce	PER20x FY20
01/23/19	phillip	Q & M	0.495	0.513	Neutral

Stock calls for 15 March 2019

Date	Analyst	Company	Last	Target	Call	Valuation
03/15/19	DBS Vickers	Cromwell Reit (EUR)	0.49	0.59	Buy	DCF
03/15/19	Lim & Tan	Keppel Infrastructure	0.485	0	Hold
03/15/19	OCBC	Netlink	0.795	0.9	Buy

Propnex - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/12/18	UOB Kay Hian	Propnex	0.535	0.65	Buy	DCF, PER10x FY19
10/22/18	UOB Kay Hian	Propnex	0.535	0.65	Buy	DCF, PER10x FY19
11/15/18	UOB Kay Hian	Propnex	0.56	0.65	Buy	DCF, PER10x FY19
12/10/18	UOB Kay Hian	Propnex	0.525	0.65	Buy
02/27/19	UOB Kay Hian	Propnex	0.565	0.66	Buy

Powermatic - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/06/18	CIMB	Powermatic	1.39	2.58	Add	Sum of parts, PER12.8x FY19

Perennial Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/18	DBS Vickers	Perennial Reit	0.88	1.05	Buy
02/09/18	CIMB	Perennial Reit	0.835	1.12	Add
02/12/18	DBS Vickers	Perennial Reit	0.835	1.05	Buy	RNAV (50% discount)
03/13/18	CIMB	Perennial Reit	0.855	1.18	Add	RNAV (40% discount)
03/14/18	DBS Vickers	Perennial Reit	0.875	1.05	Buy
04/06/18	DBS Vickers	Perennial Reit	0.855	1.05	Buy
05/10/18	CIMB	Perennial Reit	0.86	1.18	Add	RNAV (40% discount)
08/06/18	DBS Vickers	Perennial Reit	0.805	1.05	Buy	RNAV (50% discount)
08/07/18	CIMB	Perennial Reit	0.805	0.99	Add	RNAV (50% discount)
11/09/18	DBS Vickers	Perennial Reit	0.685	0.83	Buy	RNAV (55% discount)
02/14/19	DBS Vickers	Perennial Reit	0.645	0.83	Buy	RNAV (55% discount)

Stock calls for 14 March 2019

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/19	DMG & Partners	Capitamall Trust	2.39	2.2	Neutral	DDM
03/14/19	DBS Vickers	Frasers Centrepoint Trust	2.26	2.6	Buy
03/14/19	CIMB	Japfa	0.715	0.63	Reduce	Sum of parts
03/14/19	UOB Kay Hian	Jumbo	0.405	0.41	Hold	Buy @ $0.37
03/14/19	DBS Vickers	SGX	7.26	7.05	Hold	DDM, PER20x CY20
03/14/19	UOB Kay Hian	Thai Beverage	0.805	0.86	Hold	Sum of parts, Buy @ $0.78
03/14/19	Amfrasers	Uni-Asia	1.2	2.07	Buy

Parkway Life - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/29/18	CIMB	Parkway Life	2.97	3.07	Hold	DDM
01/29/18	Lim & Tan	Parkway Life	2.97	0	Hold
01/29/18	DBS Vickers	Parkway Life	2.97	3.15	Buy
05/02/18	CIMB	Parkway Life	2.79	3.07	Hold	DDM
05/02/18	UOB Kay Hian	Parkway Life	2.79	3.32	Buy	DDM
05/04/18	Lim & Tan	Parkway Life	2.78	0	Buy
06/20/18	DBS Vickers	Parkway Life	2.58	3.15	Buy
07/26/18	Lim & Tan	Parkway Life	2.78	0	Buy
07/27/18	CIMB	Parkway Life	2.75	3.05	Hold	DDM
07/27/18	DBS Vickers	Parkway Life	2.75	3.15	Buy	DCF
10/25/18	UOB Kay Hian	Parkway Life	2.67	3.15	Buy	DDM
10/26/18	DBS Vickers	Parkway Life	2.63	3.1	Buy	DCF
10/26/18	CIMB	Parkway Life	2.63	3.05	Hold
01/30/19	DBS Vickers	Parkway Life	2.8	3.1	Buy

Pacific Radiance - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/12/18	CIMB	Pacific Radiance	0.108	0.07	Reduce

Pacific Century - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/04/19	Lim & Tan	Pacific Century	0.385	0	Buy

Stock calls for 13 March 2019

Date	Analyst	Company	Last	Target	Call	Valuation
03/13/19	DMG & Partners	CDL Hospitality	1.63	1.8	Buy
03/13/19	CIMB	CEI	0.945	0.97	Hold	PER10x FY20
03/13/19	DMG & Partners	DBS	25.3	28.8	Buy	GGM, PB1.5x FY19
03/13/19	DMG & Partners	ESR-Reit	0.53	0.61	Buy
03/13/19	DMG & Partners	Fu Yu	0.205	0.24	Buy
03/13/19	DMG & Partners	Genting	1.02	1.22	Buy
03/13/19	Lim & Tan	Hi-P	1.75	0	Avoid	overvalued
03/13/19	DMG & Partners	HRnetGroup	0.79	1.06	Buy
03/13/19	DMG & Partners	Manulife US Reit	0.85	0.94	Buy
03/13/19	UOB Kay Hian	Sembcorp Industries	2.57	2.8	Hold	Buy @ $2.35
03/13/19	DMG & Partners	Sheng Siong	1.08	1.25	Buy
03/13/19	DMG & Partners	Silverlake	0.555	0.65	Buy
03/13/19	DMG & Partners	ST Engineering	3.74	4.1	Buy
03/13/19	DMG & Partners	Starhill	0.7	0.8	Buy
03/13/19	DMG & Partners	UOB	25.04	29.8	Buy
03/13/19	DMG & Partners	Wilmar	3.24	3.63	Buy

SGX's dream to be a derivatives exchange is being shattered by HKEX.

https://sg.finance.yahoo.com/news/singapore-exchange-faces-threat-hkex-china-share-move-063117446.html

SGX is no longer a securities exchange favoured by IPO aspirants. Therefore, it seeks to boost its derivatives business to replace its securities market.  However, this strategy is being shattered by HKEX now.

https://sg-stock.blogspot.com/2019/02/death-knell-is-bellowing-for-sgx-as.html

PACC Offshore - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/23/18	DBS Vickers	PACC Offshore	0.43	0.51	Buy	PB1x
02/13/18	DBS Vickers	PACC Offshore	0.37	0.51	Buy
02/22/18	DBS Vickers	PACC Offshore	0.39	0.48	Buy	PB1.4x
04/04/18	DBS Vickers	PACC Offshore	0.35	0.32	Hold	PB1x
05/10/18	DBS Vickers	PACC Offshore	0.345	0.32	Hold	PB1x FY18
08/10/18	DBS Vickers	PACC Offshore	0.305	0.32	Hold	PB1x FY18
11/05/18	DBS Vickers	PACC Offshore	0.24	0.25	Hold	PB0.8x FY19
02/26/19	DBS Vickers	PACC Offshore	0.183	0.2	Hold	PB0.8x FY19

Oxley - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/14/18	UOB Kay Hian	Oxley	0.56	0.74	Buy
04/04/18	Soochow SSD	Oxley	0.495	0.63	Buy	RNAV (20% discount)
04/24/18	DBS Vickers	Oxley	0.485	0.68	Not Rated	RNAV (35% discount)
06/04/18	Kim Eng	Oxley	0.46	0.56	Buy	RNAV (20% discount)
07/09/18	Kim Eng	Oxley	0.345	0.34	Hold
07/12/18	Tayona	Oxley	0.36	0.435	Overweight
08/27/18	Kim Eng	Oxley	0.35	0.36	Hold
09/06/18	Kim Eng	Oxley	0.345	0.36	Hold
12/07/18	UOB Kay Hian	Oxley	0.295	0.64	Buy

OUE Lippo HC - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/11/19	Soochow SSD	OUE Lippo HC	0.066	0.088	Buy	Sum of parts

Stock calls for 12 March 2019

Date	Analyst	Company	Last	Target	Call	Valuation
03/12/19	Tayona	CNMC	0.21	0.31	Overweight
03/12/19	UOB Kay Hian	First Resources	1.69	1.85	Hold	Buy @ $1.65
03/12/19	Amfrasers	Frencken	0.51	0.67	Buy	PER10x FY19
03/12/19	Lim & Tan	Keppel Corp	6.1	0	Hold
03/12/19	OCBC	Keppel DC Reit	1.44	1.6	Buy
03/12/19	Citibank	SGX	7.46	7	Sell
03/12/19	CIMB	Singtel	2.93	3.4	Add	Sum of parts
03/12/19	CIMB	Wilmar	3.2	3.96	Add	Sum of parts
03/12/19	DBS Vickers	Wilmar	3.2	3.6	Buy

Failed bike sharing business again!

https://www.asiaone.com/singapore/end-life-cycle-mobike-calls-it-quits-singapore

This is a flawed business concept and we've stated this many times. I'm sick of explaining this again.

Please read our previous posts below.

https://sg-stock.blogspot.com/2018/07/ofo-bike-sharing-has-failed-in-usa.html

SIA had no safety concern for its passengers.

https://www.channelnewsasia.com/news/singapore/singapore-grounds-boeing-737-max-aircraft-caas-silkair-11334980

It was sad to see that our national carrier (SIA-Silkair) had no safety concern for its passengers until our CAAS took action to ban Boeing 737-Max.

https://www.channelnewsasia.com/news/singapore/silkair-sia-boeing-737-max-aircraft-operation-ethiopia-airlines-11330734

Kudos to CAAS and Shame on SIA!