Courts Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/15/16	CIMB	CourtsAsia	0.315	0.42	Add	PER9.6x CY16
03/24/16	DBS Vickers	CourtsAsia	0.315	0.44	Buy
05/30/16	CIMB	CourtsAsia	0.325	0.49	Add	PER9.6x CY17
05/30/16	DBS Vickers	CourtsAsia	0.325	0.45	Buy
08/15/16	CIMB	CourtsAsia	0.42	0.5	Add	PER9.6x CY17
08/15/16	DBS Vickers	CourtsAsia	0.42	0.45	Buy	PER10x FY17
09/19/16	CIMB	CourtsAsia	0.41	0.53	Add	PER10.2x CY17
11/10/16	CIMB	CourtsAsia	0.44	0.6	Add	PER10.2x CY18
11/11/16	DBS Vickers	CourtsAsia	0.45	0.5	Buy	PER10x FY17/18
12/09/16	DBS Vickers	CourtsAsia	0.45	0.5	Buy
02/08/17	DBS Vickers	CourtsAsia	0.435	0.51	Buy	PER10x FY17/18
06/30/17	CIMB	CourtsAsia	0.43	0.6	Add	PER10.2x CY18
06/30/17	DBS Vickers	CourtsAsia	0.43	0.5	Buy
08/14/17	DBS Vickers	CourtsAsia	0.425	0.49	Buy	PER10x FY18
11/13/17	DBS Vickers	CourtsAsia	0.345	0.36	Hold	PER10x FY19

Cosco - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/16	Deutsche	Cosco	0.335	0.36	Hold
02/16/16	Credit Suisse	Cosco	0.32	0.25	Underperform	PB0.7x FY15
02/17/16	DBS Vickers	Cosco	0.305	0.24	Fully Valued
03/07/16	UOB Kay Hian	Cosco	0.36	0.36	Sell
03/17/16	DIR	Cosco	0.38	0.3	Sell
04/20/16	DBS Vickers	Cosco	0.35	0.24	Fully Valued
05/09/16	DBS Vickers	Cosco	0.33	0.3	Hold	PB1x FY16
05/20/16	UOB Kay Hian	Cosco	0.325	0.36	Sell
07/15/16	DIR	Cosco	0.31	0.26	Sell
08/08/16	Credit Suisse	Cosco	0.275	0.25	Underperform
08/10/16	DBS Vickers	Cosco	0.265	0.3	Hold
11/15/16	DBS Vickers	Cosco	0.26	0.27	Hold	PB1x FY16
02/27/17	DBS Vickers	Cosco	0.28	0.27	Hold	PB1.8x FY16
05/08/17	DBS Vickers	Cosco	0.285	0.27	Hold	PB1.2x
07/21/17	DBS Vickers	Cosco	0.31	0.27	Hold
08/08/17	DBS Vickers	Cosco	0.3	0.27	Hold	PB1.2x
11/07/17	DBS Vickers	Cosco	0.355	0.33	Hold	PB1.4x

Stock calls for 8 December 2017

Date	Analyst	Company	Last	Target	Call	Valuation
12/08/17	Lim & Tan	Capitaland	3.44	0	Buy
12/08/17	CIMB	Cogent	1.01	1.02	Accept Offer	Offer $1.02
12/08/17	phillip	DBS	24.24	29.3	Buy
12/08/17	UOB Kay Hian	Keppel Corp	7.49	8.98	Buy	Sum of parts
12/08/17	phillip	OCBC	12.12	13.48	Buy
12/08/17	phillip	UOB	25.63	25.22	Accumulate

Latest update on KL-SG HSR.

http://www.worldnews.easybranches.com/regions/asia/kl-singapore-high-speed-rail-to-run-4-trains-per-hour-513787

The interval time has been extended to 30 minutes per train now.

https://sg-stock.blogspot.sg/2017/10/kl-sg-hsr-ticket-price-will-be-around.html

Iphone X has bad review and its sales will be affected.

https://www.macrumors.com/2017/12/05/iphone-x-consumer-reports-ranking-below-iphone-8/

Apple cannot rely on its flagship iphone X to boost its share price anymore because iphone X has a bad review which puts it below iphone 8.  Iphone 8 sales figures are not great and we can infer this on iphone X sales too.

South Korea to ban Bitcoin derivatives.

https://sg.finance.yahoo.com/news/report-bitcoin-derivatives-banned-south-030158584.html

South Korea will ban Bitcoin derivatives such as bitcoin futures, options, etc.

This is not surprising as we've stated in our previous post that SK will take further action against bitcoins.

https://sg-stock.blogspot.sg/2017/11/south-korea-will-take-further-action.html

Comfortdelgro - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	DIR	Comfortdelgro	3.05	3.55	Buy	DCF
01/05/16	OCBC	Comfortdelgro	3	3.4	Buy	DDM
01/06/16	UOB Kay Hian	Comfortdelgro	3.04	3.3	Buy	DCF
01/26/16	Deutsche	Comfortdelgro	2.84	3.88	Buy
02/10/16	CIMB	Comfortdelgro	2.86	3.27	Add	DCF
02/11/16	UOB Kay Hian	Comfortdelgro	2.83	3.3	Buy	DCF, PB2.3x FY16
02/15/16	Deutsche	Comfortdelgro	2.79	3.88	Buy
02/15/16	DIR	Comfortdelgro	2.79	3.38	Buy	DCF
02/15/16	DMG & Partners	Comfortdelgro	2.79	3.6	Buy	DCF
02/15/16	Kim Eng	Comfortdelgro	2.79	2.8	Hold	PER17x FY16
02/15/16	Lim & Tan	Comfortdelgro	2.79	0	Buy
02/15/16	OCBC	Comfortdelgro	2.79	3.4	Buy	DDM
02/15/16	phillip	Comfortdelgro	2.79	3.21	Accumulate	DCF
02/15/16	UBS	Comfortdelgro	2.79	3.57	Buy
02/15/16	UOB Kay Hian	Comfortdelgro	2.79	3.16	Buy	DCF
02/16/16	DBS Vickers	Comfortdelgro	2.87	3.24	Buy
03/03/16	Credit Suisse	Comfortdelgro	3.01	3.7	Outperform
03/03/16	Deutsche	Comfortdelgro	3.01	3.51	Buy
03/09/16	OCBC	Comfortdelgro	2.95	3.4	Buy
03/21/16	DIR	Comfortdelgro	2.97	3.59	Buy	DCF
03/28/16	Kim Eng	Comfortdelgro	2.96	2.8	Hold	PER17x FY16
04/07/16	DIR	Comfortdelgro	2.85	3.59	Buy	DCF
04/11/16	UOB Kay Hian	Comfortdelgro	2.87	3.16	Buy	DCF
04/13/16	CIMB	Comfortdelgro	2.81	3.27	Add
04/13/16	Credit Suisse	Comfortdelgro	2.81	3.7	Outperform
04/13/16	DMG & Partners	Comfortdelgro	2.81	3.6	Buy	DCF
04/13/16	OCBC	Comfortdelgro	2.81	3.4	Buy
04/13/16	phillip	Comfortdelgro	2.81	3.21	Accumulate
04/29/16	Deutsche	Comfortdelgro	2.85	3.51	Buy	DCF
05/13/16	CIMB	Comfortdelgro	2.77	3.27	Add	DCF CY16
05/13/16	DBS Vickers	Comfortdelgro	2.77	3.23	Buy
05/13/16	DIR	Comfortdelgro	2.77	3.59	Buy	DCF
05/13/16	DMG & Partners	Comfortdelgro	2.77	3.4	Buy	DCF
05/13/16	OCBC	Comfortdelgro	2.77	3.4	Buy
05/13/16	phillip	Comfortdelgro	2.77	3.21	Accumulate	DCF
05/13/16	UOB Kay Hian	Comfortdelgro	2.77	3.16	Buy	DCF
06/02/16	DIR	Comfortdelgro	2.7	3.59	Buy	DCF
06/08/16	DMG & Partners	Comfortdelgro	2.74	3.4	Buy
06/08/16	OCBC	Comfortdelgro	2.74	3.4	Buy	DDM
06/10/16	Deutsche	Comfortdelgro	2.73	3.51	Buy
06/21/16	UOB Kay Hian	Comfortdelgro	2.73	3.16	Buy	DCF
06/27/16	DMG & Partners	Comfortdelgro	2.67	3.25	Buy	DCF
06/27/16	phillip	Comfortdelgro	2.67	3.21	Buy	DCF
07/01/16	UOB Kay Hian	Comfortdelgro	2.75	3.16	Buy	DCF
07/19/16	Credit Suisse	Comfortdelgro	2.9	3.53	Outperform	DCF
07/21/16	CIMB	Comfortdelgro	2.94	2.91	Hold	DCF
07/21/16	DIR	Comfortdelgro	2.94	3.59	Buy	DCF
07/21/16	Kim Eng	Comfortdelgro	2.94	2.8	Hold
07/27/16	OCBC	Comfortdelgro	2.82	3.21	Hold	DCF
07/27/16	UBS	Comfortdelgro	2.82	3.37	Buy
08/15/16	CIMB	Comfortdelgro	2.86	2.91	Hold	DCF
08/15/16	Citigroup	Comfortdelgro	2.86	3.22	Buy
08/15/16	DBS Vickers	Comfortdelgro	2.86	3.17	Buy	DCF & PER19x FY17
08/15/16	Deutsche	Comfortdelgro	2.86	3.3	Buy
08/15/16	DIR	Comfortdelgro	2.86	3.54	Buy	DCF
08/15/16	DMG & Partners	Comfortdelgro	2.86	3.25	Buy
08/15/16	OCBC	Comfortdelgro	2.86	3.21	Buy
08/15/16	phillip	Comfortdelgro	2.86	3.21	Accumulate	DCF, PER22.9x FY16
08/15/16	UBS	Comfortdelgro	2.86	3.27	Buy
08/15/16	UOB Kay Hian	Comfortdelgro	2.86	3.22	Buy	DCF
09/01/16	Credit Suisse	Comfortdelgro	2.83	3.6	Outperform
09/01/16	DIR	Comfortdelgro	2.83	3.54	Buy
09/20/16	UOB Kay Hian	Comfortdelgro	2.79	3.11	Buy	PER17.9x FY17
09/20/16	Nomura	Comfortdelgro	2.79	3.03	Neutral	Cut from $3.47
10/04/16	OCBC	Comfortdelgro	2.85	3.1	Buy	DCF
10/07/16	DIR	Comfortdelgro	2.82	3.54	Buy	DCF
10/14/16	Credit Suisse	Comfortdelgro	2.74	3.6	Outperform
10/28/16	Deutsche	Comfortdelgro	2.67	3	Buy
10/28/16	OCBC	Comfortdelgro	2.67	3.09	Buy	DCF
10/28/16	phillip	Comfortdelgro	2.67	3.19	Accumulate	DCF, PER22.8x FY16
11/01/16	DBS Vickers	Comfortdelgro	2.54	3.17	Buy
11/10/16	Credit Suisse	Comfortdelgro	2.45	3.6	Outperform
11/14/16	CIMB	Comfortdelgro	2.46	2.86	Add	DCF CY17
11/14/16	DIR	Comfortdelgro	2.46	3.64	Buy	DCF
11/14/16	Kim Eng	Comfortdelgro	2.46	2.63	Hold	PER17x FY17
11/14/16	Lim & Tan	Comfortdelgro	2.46	0	Buy
11/14/16	OCBC	Comfortdelgro	2.46	3.08	Buy	DCF
11/14/16	phillip	Comfortdelgro	2.46	2.92	Buy	DCF, PER19.7x FY16
11/14/16	UBS	Comfortdelgro	2.46	3.28	Buy
11/14/16	UOB Kay Hian	Comfortdelgro	2.46	2.9	Buy	PER17.9x FY17
11/15/16	DBS Vickers	Comfortdelgro	2.41	3.09	Buy	DCF
11/17/16	DMG & Partners	Comfortdelgro	2.44	3.19	Buy
12/06/16	CIMB	Comfortdelgro	2.58	2.86	Add	DCF
12/07/16	Deutsche	Comfortdelgro	2.61	3	Buy
12/08/16	Citigroup	Comfortdelgro	2.59	3.22	Buy
12/15/16	DBS Vickers	Comfortdelgro	2.58	3.09	Buy	DCF
12/22/16	CIMB	Comfortdelgro	2.55	3.24	Buy
12/22/16	Deutsche	Comfortdelgro	2.55	3.1	Buy
12/22/16	DIR	Comfortdelgro	2.55	3.67	Buy	DCF
12/22/16	DMG & Partners	Comfortdelgro	2.55	2.91	Buy
01/03/17	CIMB	Comfortdelgro	2.47	2.91	Add	DCF CY17
01/03/17	DMG & Partners	Comfortdelgro	2.47	3.24	Buy	DCF
01/04/17	OCBC	Comfortdelgro	2.5	2.95	Buy	DCF
01/05/17	Credit Suisse	Comfortdelgro	2.51	3.6	Outperform
01/06/17	UBS	Comfortdelgro	2.53	3.43	Buy
01/12/17	DIR	Comfortdelgro	2.53	3.67	Buy	DCF
02/06/17	Credit Suisse	Comfortdelgro	2.37	3.6	Outperform
02/13/17	CIMB	Comfortdelgro	2.51	2.91	Add	DCF
02/13/17	Credit Suisse	Comfortdelgro	2.51	3.35	Outperform
02/13/17	DBS Vickers	Comfortdelgro	2.51	2.94	Buy	DCF & PER
02/13/17	DIR	Comfortdelgro	2.51	3.51	Buy	DCF
02/13/17	DMG & Partners	Comfortdelgro	2.51	3	Buy	DCF
02/13/17	OCBC	Comfortdelgro	2.51	2.95	Buy
02/13/17	phillip	Comfortdelgro	2.51	2.94	Accumulate	DCF, PER19.8x FY17
02/13/17	UOB Kay Hian	Comfortdelgro	2.51	2.47	Hold	PER16.5x, Buy @ $2.20
03/06/17	Credit Suisse	Comfortdelgro	2.51	3.35	Outperform
03/06/17	Nomura	Comfortdelgro	2.51	2.56	Neutral
03/17/17	DBS Vickers	Comfortdelgro	2.53	2.94	Buy
03/27/17	OCBC	Comfortdelgro	2.52	2.95	Buy
03/30/17	UOB Kay Hian	Comfortdelgro	2.6	2.47	Hold	PER16.5x, Buy @ $2.35
04/04/17	OCBC	Comfortdelgro	2.58	2.95	Buy
04/07/17	Credit Suisse	Comfortdelgro	2.63	3.35	Outperform
04/12/17	DIR	Comfortdelgro	2.63	3.51	Buy	DCF
04/19/17	Deutsche	Comfortdelgro	2.66	2.9	Buy
04/20/17	DBS Vickers	Comfortdelgro	2.61	2.94	Buy
04/20/17	OCBC	Comfortdelgro	2.61	2.95	Buy
04/21/17	DIR	Comfortdelgro	2.66	3.54	Buy	DCF
05/12/17	DMG & Partners	Comfortdelgro	2.72	3	Buy	DCF
05/15/17	CIMB	Comfortdelgro	2.69	2.78	Hold	DCF FY17
05/15/17	Credit Suisse	Comfortdelgro	2.69	3.35	Outperform
05/15/17	DBS Vickers	Comfortdelgro	2.69	2.78	Hold	DCF & PER15x FY17/18
05/15/17	DIR	Comfortdelgro	2.69	3.49	Buy	DCF
05/15/17	OCBC	Comfortdelgro	2.69	2.88	Buy
05/15/17	phillip	Comfortdelgro	2.69	3.02	Accumulate	DCF, PER23.4x FY17
06/09/17	Deutsche	Comfortdelgro	2.4	2.9	Buy	DCF
06/09/17	Kim Eng	Comfortdelgro	2.4	2.64	Hold	PER17x FY17
06/27/17	UOB Kay Hian	Comfortdelgro	2.37	2.37	Hold	PER16.7x, Buy @ $2.20
07/04/17	DMG & Partners	Comfortdelgro	2.3	3	Buy
07/04/17	Nomura	Comfortdelgro	2.3	1.98	Reduce
07/13/17	DIR	Comfortdelgro	2.28	3.49	Buy	DCF
08/14/17	phillip	Comfortdelgro	2.31	2.78	Buy	DCF, PER20.6x FY17
08/14/17	DIR	Comfortdelgro	2.31	3.36	Buy	DCF
08/14/17	UOB Kay Hian	Comfortdelgro	2.31	2.37	Hold	PER16.6x, Buy @ $2.20
08/14/17	Credit Suisse	Comfortdelgro	2.31	3.2	Outperform
08/14/17	DMG & Partners	Comfortdelgro	2.31	2.6	Buy	DCF
08/14/17	OCBC	Comfortdelgro	2.31	2.7	Buy
08/14/17	CIMB	Comfortdelgro	2.31	2.46	Hold	DCF
08/14/17	Kim Eng	Comfortdelgro	2.31	2.25	Hold	PER16x FY17
08/15/17	DBS Vickers	Comfortdelgro	2.3	2.33	Hold	DCF, PER13x FY18
08/24/17	UOB Kay Hian	Comfortdelgro	2.36	2.37	Hold	PER16.6x, Buy @ $2.25
09/06/17	DIR	Comfortdelgro	2.21	3.19	Buy	DCF
09/15/17	Nomura	Comfortdelgro	2.18	1.98	Reduce	PER13x FY18
09/19/17	DBS Vickers	Comfortdelgro	2.07	2.33	Hold	DCF, PER13x FY18
09/20/17	DIR	Comfortdelgro	2.01	2.09	Hold	DCF
09/28/17	CIMB	Comfortdelgro	1.985	2.15	Hold	DCF
09/29/17	UOB Kay Hian	Comfortdelgro	2.04	2.34	Buy	PER16.6x
09/29/17	Kim Eng	Comfortdelgro	2.04	2.4	Buy	DCF, PER16.3x FY18
10/04/17	OCBC	Comfortdelgro	2.04	2.12	Hold	Buy @ $1.90
10/25/17	CIMB	Comfortdelgro	2.03	2.15	Hold	DCF
11/13/17	phillip	Comfortdelgro	2	2.69	Buy	DCF
11/13/17	UOB Kay Hian	Comfortdelgro	2	2.25	Buy	PER16.6x FY18
11/13/17	DBS Vickers	Comfortdelgro	2	2.18	Hold	DCF & PER15.3x FY17/18
11/13/17	Kim Eng	Comfortdelgro	2	2.4	Buy	DCF, PER16x FY18
11/13/17	OCBC	Comfortdelgro	2	2.05	Hold	Buy @ $1.90 or below
11/13/17	CIMB	Comfortdelgro	2	2.15	Hold	DCF
11/13/17	Lim & Tan	Comfortdelgro	2	0	Hold
11/13/17	Credit Suisse	Comfortdelgro	2	3.1	Outperform
11/14/17	DMG & Partners	Comfortdelgro	2.1	2	Neutral	DCF, PER14.5x FY18

Cogent - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/02/16	phillip	Cogent	0.435	0.54	Buy	DDM
03/02/16	phillip	Cogent	0.46	0.64	Buy	DDM, PER10.8x FY16
05/16/16	phillip	Cogent	0.495	0.7	Buy	DDM, PER10.4x FY16
07/27/16	phillip	Cogent	0.67	0.7	Accumulate	DDM
08/16/16	phillip	Cogent	0.69	0.74	Accumulate	DDM, PER10.5x
09/13/16	phillip	Cogent	0.825	1.11	Buy	DDM, PER15.3x
10/21/16	phillip	Cogent	0.76	1.11	Buy	DDM, PER15.6x
11/14/16	phillip	Cogent	0.695	1.11	Buy	DDM
02/28/17	phillip	Cogent	0.79	1.08	Buy	DCF, PER17x FY17
05/02/17	phillip	Cogent	0.81	1.08	Buy	DCF, PER17x FY17
05/15/17	phillip	Cogent	0.79	1.18	Buy	DCF, PER18.6x FY17
08/14/17	phillip	Cogent	0.805	1.12	Buy	DCF, PER16.5x FY17
09/14/17	phillip	Cogent	0.815	1.12	Buy	DCF, PER16.5x FY17
11/06/17	phillip	Cogent	0.99	1.12	Reject Offer	DCF, Offer $1.02

Stock calls for 7 December 2017

Date	Analyst	Company	Last	Target	Call	Valuation
12/07/17	Lim & Tan	City Developments	11.78	0	Buy
12/07/17	Kim Eng	Guocoland	2.09	2.95	Buy	RNAV (20% discount)
12/07/17	UOB Kay Hian	Kimly	0.355	0.45	Buy	DCF, PER22.8x FY18
12/07/17	OCBC	Roxy-Pacific	0.54	0.6	Buy

Noble Group's bankruptcy alert.

https://www.bloomberg.com/news/articles/2017-12-07/noble-group-faces-key-deadlines-as-threat-of-default-lingers?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo

Noble Group's default threat looms.  If Noble cannot extend its USD$1.1b credit facility in December, it will go into default mode as it has USD$3.5b debt to pay.

Noble has just lost DBS support.  If the next bank refuses to grant the credit facility extension, the game is over for Noble.

China is prepping its border citizens for nuclear war.

https://sg.news.yahoo.com/chinese-state-media-tells-readers-survive-nuclear-attack-053608705.html

China is educating its border citizens on nuclear attack survival skills.  This means that China sees a possibility of a nuclear war when US launches an attack against NK and NK will retaliate with nuclear missiles at Seoul & Tokyo.

If the USA cannot exterminate NK completely in the first strike, SK and Japan will suffer.

CNMC - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/16	NRA	CNMC	0.22	0.445	Overweight
04/11/16	NRA	CNMC	0.215	0.425	Overweight	FCFE
05/16/16	NRA	CNMC	0.265	0.43	Overweight
06/21/16	Amfraserss	CNMC	0.335	0.48	Strong Buy	PER9.3x
06/29/16	Amfraserss	CNMC	0.38	0.51	Buy	PER9.3x
06/30/16	NRA	CNMC	0.405	0.43	Overweight
07/26/16	NRA	CNMC	0.44	0.43	Overweight
07/27/16	Amfraserss	CNMC	0.495	0.51	Buy
08/12/16	Amfraserss	CNMC	0.545	0.64	Buy	PER9.3x FY16/17
08/25/16	Amfraserss	CNMC	0.6	0.82	Buy
09/15/16	phillip	CNMC	0.515	1.03	Buy	DCF
11/09/16	Amfraserss	CNMC	0.515	0.73	Buy	PER13x FY16/17
11/09/16	phillip	CNMC	0.515	1.01	Buy	DCF
11/17/16	DBS Vickers	CNMC	0.45	0.65	Buy	DCF & PER14x FY17
01/13/17	DBS Vickers	CNMC	0.45	0.65	Buy	DCF & PER14x FY17
02/24/17	phillip	CNMC	0.41	0.68	Buy	FCFE (DDM)
02/27/17	DBS Vickers	CNMC	0.415	0.6	Buy	DCF & PER14x FY17
05/17/17	phillip	CNMC	0.295	0.44	Buy	DCF
05/18/17	DBS Vickers	CNMC	0.32	0.31	Hold	DCF & PER14x FY17
06/28/17	NRA	CNMC	0.26	0.38	Overweight	FCFE
07/26/17	NRA	CNMC	0.295	0.38	Overweight
08/17/17	phillip	CNMC	0.27	0.29	Neutral	DCF
11/14/17	phillip	CNMC	0.28	0.3	Neutral	DCF

Cityneon - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/15/16	UOB Kay Hian	Cityneon	0.495	0.72	Buy	PER11.5x FY17
05/25/16	CIMB	Cityneon	0.69	0.88	Add	PER13.1x FY17
05/25/16	UOB Kay Hian	Cityneon	0.69	0.85	Buy	Sum of parts, PER13.1x FY17
05/30/16	DBS Vickers	Cityneon	0.74	1.03	Buy	PER15.2x FY17
06/15/16	DBS Vickers	Cityneon	0.81	1.05	Buy	PER15.2x FY17
06/28/16	UOB Kay Hian	Cityneon	0.87	1.02	Buy	Sum of parts, PER14.7x FY17
06/29/16	DBS Vickers	Cityneon	0.895	1.2	Buy	PER15x FY17
07/14/16	CIMB	Cityneon	0.92	1.09	Add	PER15.5x FY17
08/15/16	CIMB	Cityneon	1.005	1.19	Add	PER15.5x FY17
08/15/16	DBS Vickers	Cityneon	1.005	1.37	Buy	PER17x FY17
08/15/16	UOB Kay Hian	Cityneon	1.005	1.15	Buy
10/14/16	UOB Kay Hian	Cityneon	0.9	1.15	Buy	Sum of parts, PER15.7x FY17
11/18/16	CIMB	Cityneon	1.105	1.19	Add
11/22/16	DBS Vickers	Cityneon	1.09	1.37	Buy	PER17x FY17
12/06/16	CIMB	Cityneon	1.005	1.41	Add	PER15x FY18
01/13/17	DBS Vickers	Cityneon	0.88	1.26	Buy
02/24/17	CIMB	Cityneon	0.825	1.27	Add	PER15x FY18
02/24/17	DBS Vickers	Cityneon	0.825	1.26	Buy	PER17x FY17
04/10/17	DBS Vickers	Cityneon	0.905	1.26	Buy
05/15/17	DBS Vickers	Cityneon	0.955	1.26	Buy
05/16/17	CIMB	Cityneon	0.9	1.27	Add	PER15x FY18
05/26/17	UOB Kay Hian	Cityneon	0.935	1.28	Buy	Sum of parts, PER14.7x FY18
05/30/17	DBS Vickers	Cityneon	0.935	1.23	Buy
06/01/17	CIMB	Cityneon	0.98	1.27	Add	PER15x FY18
08/11/17	UOB Kay Hian	Cityneon	0.935	1.28	Reject Offer	Sum of parts, offer price $0.90
08/16/17	UOB Kay Hian	Cityneon	0.935	1.28	Buy	Sum of parts
08/16/17	CIMB	Cityneon	0.935	1.27	Add	PER15x FY18
09/04/17	UOB Kay Hian	Cityneon	0.99	1.5	Buy	PER15.4x FY18
09/21/17	DBS Vickers	Cityneon	1.08	1.45	Buy	PER14.4x FY18
11/09/17	UOB Kay Hian	Cityneon	1.14	1.5	Buy
11/13/17	Amfrasers	Cityneon	1.095	1.38	Buy	PER15.1x FY18
11/27/17	DBS Vickers	Cityneon	1.04	1.45	Buy

Stock calls for 6 December 2017

Date	Analyst	Company	Last	Target	Call	Valuation
12/06/17	DBS Vickers	APAC Realty	0.865	1.12	Buy	PER15x FY18
12/06/17	phillip	Blackgold	0.086	0.16	Trading Buy	PER10x
12/06/17	DBS Vickers	Chip Eng Seng	0.885	1.18	Buy	Sum of parts, RNAV (45% discount)
12/06/17	UOB Kay Hian	Citic Envirotech	0.725	1.1	Buy	DCF
12/06/17	DBS Vickers	Genting	1.35	1.51	Buy
12/06/17	phillip	Geo Energy	0.26	0.44	Buy	PER10x
12/06/17	UOB Kay Hian	GL	0.87	1.185	Buy
12/06/17	DBS Vickers	Hi-P	1.61	2.3	Buy
12/06/17	DBS Vickers	Hock Lian Seng	0.455	0.58	Not Rated	PER11x FY18
12/06/17	DBS Vickers	Keong Hong	0.595	0.75	Not Rated	PER5.5x FY18
12/06/17	DBS Vickers	Lian Beng	0.715	0.85	Not Rated	RNAV (50% discount)
12/06/17	Lim & Tan	Mapletree Logistics	1.28	0	Hold
12/06/17	DBS Vickers	OUE Hospitality	0.825	0.85	Buy
12/06/17	DBS Vickers	Pan-United	0.545	0.51	Fully Valued	Sum of parts
12/06/17	UOB Kay Hian	Singtel	3.75	4.53	Buy
12/06/17	DBS Vickers	Sunningdale	1.89	2.7	Buy
12/06/17	UOB Kay Hian	Thai Beverage	0.955	1.11	Buy	Sum of parts
12/06/17	DBS Vickers	Tiong Seng	0.39	0.45	Not Rated	PER6.6x FY18 & PB0.6x
12/06/17	DBS Vickers	UOL	8.56	10.15	Buy
12/06/17	DBS Vickers	Venture	20.54	26	Buy

What is Japan thinking! It wants to deny China market economy status in WTO but wants to help finance BRI.

https://sg.finance.yahoo.com/news/japan-help-finance-chinas-belt-road-projects-nikkei-011709748--finance.html

Japan wants to contain China economic growth and yet wants to derive economic benefits from China.

Japan wants to finance BRI because it can earn interest incomes but wants to deny China the market economy status in WTO.

How will you treat a scumbag like Japan if you're China?

USA is out to create trouble in the Middle East again!

https://www.theguardian.com/world/2017/dec/06/trump-recognise-jerusalem-israel-capital-move-us-embassy-white-house

The USA wants to recognise Jerusalem as Israel capital and move the US embassy to the proclaimed capital.

This will definitely irk other islamic countries especially the Palestine.  Some Middle Eastern countries have warned of violent social retaliations if the USA goes ahead with the recognition.

Is the USA trying to mend the relationship with Israel after the fiasco in UN last year?

http://sg-stock.blogspot.sg/2016/12/israel-is-aggressor-against-palestine.html

The new India-Singapore naval pact is a big mistake for SG.

https://thediplomat.com/2017/11/why-the-new-india-singapore-naval-pact-matters/

Singapore is making a big mistake to bring in more foreign powers into ASEAN.  There is a saying, "Too many cooks will spoil the broth" which still holds some validity today.

India has been renowned to be anti-China and will definitely sow discords between ASEAN members and China.  When that happens, China will put the blame on SG.  India has an ulterior motive to contain China through the Strait of Malacca because SG will allow Indian navy to berth at the Changi Naval base.  Therefore, if there is a war against China, India can assist the USA to control the Strait of Malacca through SG.

However, this is just a wishful thinking by India because of the emergence of the new Arctic sea lane.

http://sg-stock.blogspot.sg/2017/11/thailand-has-just-lost-many-golden.html

When SG brought USA into ASEAN, the USA also brought along other foreign powers such as Australia, Japan and UK into South China Sea and stirred a lot of troubles in South China Sea.  It was the Philippines which stopped the USA from creating more troubles in South China Sea.

http://sg-stock.blogspot.sg/2016/10/philippines-has-finally-realized-who-is.html

http://sg-stock.blogspot.sg/2016/10/duterte-knows-only-china-is-sincere-in.html

http://sg-stock.blogspot.sg/2017/11/trump-offered-to-mediate-on-south-china.html

Do not be lured into thinking that Sino-SG relationship is good because SG and China have just reaffirmed strong bilateral economic ties.  China is watching what SG is doing rather than what SG is saying because actions speak louder than words.

http://www.channelnewsasia.com/news/business/singapore-china-reaffirm-strong-bilateral-economic-ties-9470164

Health alert for seafood consumption (Fish, Prawn, Seashell, etc)

http://www.independent.co.uk/environment/plastic-microparticles-fish-flesh-eaten-humans-food-chain-mackerel-anchovy-mullet-a7860726.html

The sea is heavily polluted now with toxins because humans dump a lot of rubbish and waste in the sea.

Plastic microparticles are consumed by planktons which are eaten by small fishes and then transferred to big fishes.  In the end, we're the ones shoving the plastic microparticles down our throats when we consume large amounts of seafood.

Scientists also found that plastic microparticles are present in fowls.  Therefore, do not think that land animals are safer than sea animals.  We are slowly killing ourselves by polluting the environment and the future generations will suffer the most.

Look like we have to become vegetarians if we want to live healthier. Sigh!

China stages drills after US & SK joint exercise.

https://sg.news.yahoo.com/china-stages-drills-warning-us-091301159.html

This is a crystal clear message to the US & SK that China will participate in the war if the Peninsular war breaks out especially when NK is under attack unless NK is the first to launch an attack.

Russia will also participate in the Peninsular war as it has a vested interest because it won't allow USA to take control of NK since Russia is sharing a border with NK.

Therefore, the frequent joint military exercises won't scare NK at all as NK knows that China & Russia will get involved in the war.  This war won't be as simple as the US thought.