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Sunday, January 28, 2018

The USA aircraft carrier will visit Vietnam in 2018 after losing the Vietnam war.

https://www.nytimes.com/2018/01/25/world/asia/vietnam-us-aircraft-carrier.html

Let's recall the shameful evacuation of the USA from Vietnam after losing the war.  The USA aircraft carrier had to push over more than 45 helicopters to accommodate its overwhelming evacuees.  A picture tells a thousand words and a video portrays a thousand pictures.





China & Russia helped Vietnam to defeat the USA in the past.  If the USA starts another war in Asia again, China & Russia will be able to defeat the USA because the military gaps amongst the three are much closer now than before.

Saturday, January 27, 2018

Many bitcoin investors are losing money!

https://www.thestreet.com/video/14464100/bitcoin-investors-will-eventually-get-wiped-out-peter-schiff.html

This phenomenon is similar to a pyramid scam whereby the late entrants will suffer the most while the early adopters will make the most money.

Japanese and South Korean investors will suffer the most from a bitcoin fallout.

Baltic dry index - 1219

Today, Friday, January 26 2018, the Baltic Dry Index climbed by 2 points, reaching 1219 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 - 947

The number of rigs exploring for oil and natural gas in the U.S. rose by 11 this week to 947.
That exceeds the 712 rigs that were active this time a year ago.
Houston oilfield services company Baker Hughes reported Friday that 759 rigs drilled for oil this week and 188 for gas.
Among major oil- and gas-producing states, Texas added 13 rigs, West Virginia increased by four, and New Mexico increased by three.
Oklahoma lost four rigs, Louisiana lost three rigs, and Ohio and Utah each lost a single rig.
Alaska, California, Colorado, North Dakota, Pennsylvania and Wyoming were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Japanese crypto exchange lost more than 500m to hackers!

https://www.cnbc.com/2018/01/26/japanese-cryptocurrency-exchange-loses-more-than-500-million-to-hackers.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104970707&yptr=yahoo

Coincheck customers who had their crypto stolen had no recourse.  This is the 2nd incident after Mt. Gox in Japan.

When you have no regulations, you have no recourse.  This is the rule of the game when you don't want to have any regulation for private crypto exchange.  This won't be the last incident for sure.

Friday, January 26, 2018

Noble Group falls after denial of a restructuring deal.

http://www.businesstimes.com.sg/stocks/singapore-shares-end-flat-noble-resumes-trading-lower

It is really not easy to restructure $3.5b debt.  Without a debt restructuring deal, Noble Group's on-going concern will always be in the minds of investors.

Mapletree Commercial - Stock calls


Date Analyst Company Last Target Call Valuation
01/08/16 DBS Vickers Mapletree Commercial 1.295 1.4 Buy DCF
01/26/16 Deutsche Mapletree Commercial 1.3 1.45 Buy
01/28/16 DBS Vickers Mapletree Commercial 1.315 1.38 Buy
01/28/16 Lim & Tan Mapletree Commercial 1.315 0 Hold
01/29/16 Kim Eng Mapletree Commercial 1.3 1.18 Sell Yield 7%
02/04/16 DBS Vickers Mapletree Commercial 1.33 1.38 Buy
02/25/16 Deutsche Mapletree Commercial 1.41 1.45 Hold
03/24/16 Deutsche Mapletree Commercial 1.425 1.45 Hold
04/05/16 Deutsche Mapletree Commercial 1.395 1.45 Hold
04/13/16 Kim Eng Mapletree Commercial 1.44 1.37 Hold Yield 6.1%
04/25/16 Credit Suisse Mapletree Commercial 1.5 1.62 Outperform
04/27/16 CIMB Mapletree Commercial 1.465 1.48 Hold DDM
04/27/16 Lim & Tan Mapletree Commercial 1.465 0 Hold
04/28/16 DBS Vickers Mapletree Commercial 1.485 1.58 Buy
04/28/16 Kim Eng Mapletree Commercial 1.485 1.35 Sell Yield 6.1%
05/17/16 Deutsche Mapletree Commercial 1.45 1.5 Hold
05/17/16 Kim Eng Mapletree Commercial 1.45 1.35 Sell
07/07/16 CIMB Mapletree Commercial 1.46 1.62 Add DDM
07/07/16 Credit Suisse Mapletree Commercial 1.46 1.64 Outperform
07/07/16 Kim Eng Mapletree Commercial 1.46 1.56 Hold Yield 5.5%
07/07/16 Lim & Tan Mapletree Commercial 1.46 0 Hold
07/19/16 Credit Suisse Mapletree Commercial 1.515 1.73 Outperform
07/26/16 Deutsche Mapletree Commercial 1.49 1.55 Hold
08/16/16 CIMB Mapletree Commercial 1.52 1.62 Add
08/16/16 Deutsche Mapletree Commercial 1.52 1.6 Hold
08/31/16 Credit Suisse Mapletree Commercial 1.54 1.73 Outperform
09/06/16 CIMB Mapletree Commercial 1.6 1.62 Add
10/04/16 Credit Suisse Mapletree Commercial 1.605 1.73 Outperform
10/27/16 CIMB Mapletree Commercial 1.545 1.62 Add DDM
10/27/16 Religare Mapletree Commercial 1.545 1.7 Buy
10/28/16 DBS Vickers Mapletree Commercial 1.56 1.62 Buy DCF
11/01/16 Credit Suisse Mapletree Commercial 1.53 1.73 Outperform
11/04/16 CIMB Mapletree Commercial 1.5 1.62 Add
11/08/16 DBS Vickers Mapletree Commercial 1.48 1.62 Buy
11/16/16 Deutsche Mapletree Commercial 1.415 1.65 Buy
12/06/16 Kim Eng Mapletree Commercial 1.425 1.54 Hold
12/07/16 Deutsche Mapletree Commercial 1.43 1.65 Buy
01/09/17 DBS Vickers Mapletree Commercial 1.45 1.62 Buy DCF
01/12/17 HSBC Mapletree Commercial 1.47 1.75 Buy
01/24/17 Deutsche Mapletree Commercial 1.47 1.6 Buy
01/26/17 CIMB Mapletree Commercial 1.48 1.45 Hold DDM
01/26/17 Credit Suisse Mapletree Commercial 1.48 1.73 Outperform
01/26/17 Lim & Tan Mapletree Commercial 1.48 0 Hold
02/09/17 Credit Suisse Mapletree Commercial 1.52 1.73 Outperform
02/28/17 Deutsche Mapletree Commercial 1.495 1.6 Buy
03/17/17 DBS Vickers Mapletree Commercial 1.49 1.62 Buy DCF
04/26/17 DBS Vickers Mapletree Commercial 1.57 1.62 Buy
04/27/17 CIMB Mapletree Commercial 1.585 1.7 Add DDM
06/22/17 Deutsche Mapletree Commercial 1.555 1.6 Buy
06/23/17 CIMB Mapletree Commercial 1.56 1.7 Add
07/28/17 DBS Vickers Mapletree Commercial 1.63 1.62 Hold
07/28/17 Credit Suisse Mapletree Commercial 1.63 1.73 Outperform
07/28/17 CIMB Mapletree Commercial 1.63 1.79 Add DDM
09/13/17 Credit Suisse Mapletree Commercial 1.55 1.73 Outperform
10/27/17 DBS Vickers Mapletree Commercial 1.58 1.62 Hold
10/27/17 CIMB Mapletree Commercial 1.58 1.75 Add DDM
12/11/17 DBS Vickers Mapletree Commercial 1.58 1.75 Buy
01/02/18 Kim Eng Mapletree Commercial 1.62 1.45 Sell DDM
01/04/18 Deutsche Mapletree Commercial 1.67 1.7 Buy
01/25/18 Lim & Tan Mapletree Commercial 1.67 0 Hold
01/26/18 CIMB Mapletree Commercial 1.68 1.75 Buy DDM

Manulife US Reit - Stock calls


Date Analyst Company Last Target Call Valuation
06/22/16 Deutsche Manulife US Reit 0.81 0.9 Buy
07/05/16 DBS Vickers Manulife US Reit 0.825 0.91 Buy DCF
07/18/16 DBS Vickers Manulife US Reit 0.86 0.93 Buy
07/26/16 Deutsche Manulife US Reit 0.86 0.9 Buy
08/16/16 DBS Vickers Manulife US Reit 0.845 0.93 Buy
10/10/16 DBS Vickers Manulife US Reit 0.82 0.93 Buy DCF
11/04/16 Lim & Tan Manulife US Reit 0.845 0.93 Buy
11/08/16 DBS Vickers Manulife US Reit 0.84 0.93 Buy DCF
11/08/16 Religare Manulife US Reit 0.84 0.95 Buy
11/16/16 Deutsche Manulife US Reit 0.815 0.95 Buy
11/23/16 DMG & Partners Manulife US Reit 0.8 0.96 Buy DDM
12/07/16 Deutsche Manulife US Reit 0.83 0.95 Buy
01/03/17 DMG & Partners Manulife US Reit 0.83 0.96 Buy DDM
01/05/17 Lim & Tan Manulife US Reit 0.835 0 Buy
01/09/17 DBS Vickers Manulife US Reit 0.84 0.93 Buy DCF
02/14/17 DBS Vickers Manulife US Reit 0.86 0.95 Buy DCF
02/14/17 DMG & Partners Manulife US Reit 0.86 0.96 Buy DDM
02/28/17 Deutsche Manulife US Reit 0.84 0.95 Buy
03/10/17 DMG & Partners Manulife US Reit 0.84 0.96 Buy
04/07/17 DMG & Partners Manulife US Reit 0.835 0.96 Buy
05/03/17 DBS Vickers Manulife US Reit 0.84 1.01 Buy DCF
05/04/17 DMG & Partners Manulife US Reit 0.85 0.96 Buy
05/08/17 Lim & Tan Manulife US Reit 0.865 0 Buy
06/21/17 DMG & Partners Manulife US Reit 0.885 0.99 Buy DDM
06/21/17 Lim & Tan Manulife US Reit 0.885 0 Buy on weakness
06/22/17 Deutsche Manulife US Reit 0.89 0.95 Buy
07/12/17 DMG & Partners Manulife US Reit 0.915 0.99 Buy
08/10/17 DMG & Partners Manulife US Reit 0.925 1 Buy DDM
08/10/17 DBS Vickers Manulife US Reit 0.925 1.07 Buy DCF
08/10/17 Lim & Tan Manulife US Reit 0.925 1 Buy
08/10/17 Deutsche Manulife US Reit 0.925 1 Buy
09/04/17 Lim & Tan Manulife US Reit 0.965 0 Buy
09/05/17 DMG & Partners Manulife US Reit 0.94 0.98 Buy DDM, Ex-Rights 41-for-100 @ $0.695
11/06/17 DMG & Partners Manulife US Reit 0.905 0.98 Buy DDM
11/29/17 DBS Vickers Manulife US Reit 0.865 0.99 Buy DCF
12/19/17 DMG & Partners Manulife US Reit 0.93 0.98 Buy
01/03/18 Lim & Tan Manulife US Reit 0.93 1 Buy
01/04/18 Deutsche Manulife US Reit 0.94 1 Buy
01/05/18 DMG & Partners Manulife US Reit 0.935 0.98 Buy

Mandarin Oriental - Stock calls


Date Analyst Code Company Last Target Call Percent Valuation
03/03/17 Nomura M04 Mandarin Oriental 1.275 1.06 Reduce -16.86
06/06/17 Nomura M04 Mandarin Oriental 1.71 1.73 Neutral 1.17

Stock calls for 26 January 2018


Date Analyst Company Last Target Call Valuation
01/26/18 Phillip A-Reit 2.75 2.89 Accumulate DDM, PB1.36x FY18
01/26/18 OCBC A-Reit 2.75 2.69 Hold
01/26/18 DBS Vickers A-Reit 2.75 2.85 Buy
01/26/18 CIMB A-Reit 2.75 2.88 Add
01/26/18 DMG & Partners Breadtalk 1.72 2.09 Buy Sum of parts
01/26/18 Kim Eng CapitaCommercial 1.9 1.8 Hold
01/26/18 DMG & Partners CapitaCommercial 1.9 1.63 Sell DDM
01/26/18 OCBC CapitaCommercial 1.9 1.84 Hold
01/26/18 DBS Vickers CapitaCommercial 1.9 2.1 Buy DCF
01/26/18 CIMB CapitaCommercial 1.9 1.84 Hold
01/26/18 Phillip Capitamall Trust 2.1 2.03 Neutral DDM, PB1.02x
01/26/18 UOB Kay Hian Capitamall Trust 2.1 2.04 Hold DDM
01/26/18 DBS Vickers Capitamall Trust 2.1 2.19 Buy
01/26/18 UOB Kay Hian Frasers Hospitality Trust 0.81 0.9 Buy DDM
01/26/18 DMG & Partners Golden Energy 0.475 0.68 Buy DCF & PER13.1x FY18
01/26/18 OCBC Keppel Corp 8.58 9.45 Buy
01/26/18 UOB Kay Hian Keppel Corp 8.58 9.3 Buy Sum of parts
01/26/18 DBS Vickers Keppel Corp 8.58 10.2 Buy
01/26/18 Lim & Tan Keppel Corp 8.58 0 Buy on weakness
01/26/18 CIMB Keppel Corp 8.58 10 Add Sum of parts
01/26/18 CIMB Mapletree Commercial 1.68 1.75 Buy DDM
01/26/18 DBS Vickers Netlink 0.83 0.95 Buy DCF
01/26/18 UOB Kay Hian Singapore Medical 0.63 0.83 Buy PER26.8x FY18, PEG0.3x
01/26/18 DBS Vickers Singtel 3.62 4.3 Buy Sum of parts
01/26/18 DBS Vickers Starhub 2.97 2.2 Fully Valued DCF
01/26/18 UOB Kay Hian Suntec Reit 2.14 2.13 Hold DDM
01/26/18 OCBC UOB 27.98 30.1 Buy PB1.3x FY18

Thursday, January 25, 2018

Noble reacted to the restructuring news after our posting.

http://sg-stock.blogspot.sg/2018/01/great-news-noble-group-has-struck-35b.html

We posted the restructuring news at 1:04pm and nobody knew about the news since the price was falling based on the hourly price charts (Yahoo Finance).  Thereafter, people caught hold of the news and bought Noble Group resulting in the price moving higher before the halt.

M1 - Stock calls


Date Analyst Company Last Target Call Valuation
01/14/16 DIR M1 2.68 2.87 Outperform DDM, PER13.4x FY16
01/18/16 Citigroup M1 2.6 2.56 Hold
01/18/16 DMG & Partners M1 2.6 3.2 Buy DCF
01/18/16 OCBC M1 2.6 2.95 Buy DCF
01/19/16 CIMB M1 2.61 3.1 Hold DCF
01/19/16 Credit Suisse M1 2.61 2.15 Underperform
01/19/16 DBS Vickers M1 2.61 2.6 Hold DCF
01/19/16 DIR M1 2.61 2.94 Outperform DDM
01/19/16 Kim Eng M1 2.61 3.09 Hold DCF
01/19/16 Lim & Tan M1 2.61 0 Buy
01/19/16 Nomura M1 2.61 2.95 Neutral
01/19/16 UOB Kay Hian M1 2.61 3.34 Buy DCF
01/26/16 Deutsche M1 2.24 3.9 Buy
01/26/16 DIR M1 2.24 2.94 Buy DDM
02/19/16 Credit Suisse M1 2.52 2.15 Underperform
02/19/16 DBS Vickers M1 2.52 2.6 Hold
02/19/16 DMG & Partners M1 2.52 3.2 Buy
02/19/16 UOB Kay Hian M1 2.52 3.34 Buy
02/22/16 CIMB M1 2.54 3.1 Hold
02/22/16 Nomura M1 2.54 3.3 Buy
03/04/16 Citigroup M1 2.54 2.82 Buy
03/04/16 Deutsche M1 2.54 3.9 Buy
03/15/16 CIMB M1 2.57 3.1 Hold
03/16/16 OCBC M1 2.59 2.95 Buy
03/17/16 UOB Kay Hian M1 2.58 3.34 Buy
03/21/16 Credit Suisse M1 2.59 2.15 Underperform
03/28/16 UOB Kay Hian M1 2.7 3.02 Buy Probability weighted target
03/29/16 Nomura M1 2.6 3.3 Buy
04/13/16 CIMB M1 2.47 2.4 Hold DCF
04/13/16 Credit Suisse M1 2.47 2.15 Underperform
04/14/16 Credit Suisse M1 2.48 2.05 Underperform
04/14/16 DBS Vickers M1 2.48 2.56 Hold DCF
04/14/16 DMG & Partners M1 2.48 3.2 Buy
04/14/16 Lim & Tan M1 2.48 0 Hold
04/14/16 OCBC M1 2.48 2.9 Buy DCF
04/14/16 UOB Kay Hian M1 2.48 3.02 Buy Probability weighted target
05/10/16 UOB Kay Hian M1 2.41 3.02 Buy Probability weighted target
05/12/16 UOB Kay Hian M1 2.37 2.14 Sell
05/26/16 DIR M1 2.35 2.94 Buy DDM
06/06/16 DBS Vickers M1 2.42 2.6 Buy
06/13/16 Kim Eng M1 2.55 3.09 Hold
06/15/16 UOB Kay Hian M1 2.52 2.14 Sell
06/21/16 DIR M1 2.43 2.94 Buy DDM
07/07/16 Credit Suisse M1 2.74 2.05 Underperform
07/11/16 DBS Vickers M1 2.78 3.3 Buy
07/14/16 UOB Kay Hian M1 2.89 2.14 Sell
07/18/16 CIMB M1 2.78 2.8 Hold DCF
07/18/16 Citigroup M1 2.78 2.98 Hold
07/18/16 DBS Vickers M1 2.78 3.3 Buy
07/18/16 DIR M1 2.78 3.38 Buy DDM
07/18/16 DMG & Partners M1 2.78 3.02 Neutral DCF
07/18/16 Kim Eng M1 2.78 2.94 Hold DCF
07/18/16 Nomura M1 2.78 3.25 Buy
07/18/16 OCBC M1 2.78 2.79 Hold DCF
07/18/16 UOB Kay Hian M1 2.78 2 Sell
08/05/16 DIR M1 2.8 3.38 Buy DDM
08/22/16 DBS Vickers M1 2.72 2.85 Hold
08/22/16 UOB Kay Hian M1 2.72 2.39 Sell
08/26/16 Credit Suisse M1 2.73 2.05 Underperform
09/02/16 CIMB M1 2.66 2.8 Hold DCF
09/02/16 Credit Suisse M1 2.66 2 Underperform
09/02/16 OCBC M1 2.66 2.79 Hold
09/02/16 UOB Kay Hian M1 2.66 2 Sell
09/05/16 Kim Eng M1 2.61 2.04 Sell DCF
09/06/16 Citigroup M1 2.53 2.4 Sell
09/22/16 DBS Vickers M1 2.39 2.15 Fully Valued DCF
09/22/16 Deutsche M1 2.39 3.1 Buy
10/04/16 DIR M1 2.44 2.41 Hold DDM
10/19/16 CIMB M1 2.33 2.55 Hold DCF
10/19/16 DBS Vickers M1 2.33 1.97 Fully Valued DCF
10/19/16 Deutsche M1 2.33 2.9 Buy
10/19/16 DIR M1 2.33 2.23 Hold DDM
10/19/16 Kim Eng M1 2.33 1.9 Sell DCF
10/19/16 Lim & Tan M1 2.33 0 Sell
10/19/16 Nomura M1 2.33 2 Reduce
10/19/16 OCBC M1 2.33 2.25 Hold DCF
10/19/16 UOB Kay Hian M1 2.33 1.76 Sell DCF
11/14/16 DIR M1 2.06 2.23 Hold DDM
11/17/16 OCBC M1 2.04 2.25 Hold
11/18/16 DBS Vickers M1 1.995 1.97 Fully Valued
11/18/16 Nomura M1 1.995 1.75 Reduce
11/21/16 CIMB M1 1.935 2.1 Hold DCF
11/21/16 UOB Kay Hian M1 1.935 1.76 Sell
12/06/16 CIMB M1 2 2.1 Hold DCF
12/07/16 Deutsche M1 1.985 2.9 Buy
12/09/16 OCBC M1 2.02 2.08 Hold
12/13/16 Kim Eng M1 2.03 1.9 Sell DCF
12/15/16 Credit Suisse M1 2.02 1.65 Underperform
12/15/16 DBS Vickers M1 2.02 1.78 Fully Valued DCF
12/15/16 UOB Kay Hian M1 2.02 1.76 Sell
12/27/16 DMG & Partners M1 1.915 2.05 Neutral
01/03/17 UOB Kay Hian M1 1.96 1.76 Sell
01/12/17 CIMB M1 2.06 1.9 Hold DCF, Buy below $1.56
01/12/17 Deutsche M1 2.06 2.6 Buy
01/13/17 Credit Suisse M1 2.08 1.65 Underperform
01/13/17 DBS Vickers M1 2.08 2.09 Hold DCF
01/13/17 DMG & Partners M1 2.08 2.05 Neutral DCF
01/17/17 DIR M1 2.08 2.02 Hold DDM
01/18/17 UOB Kay Hian M1 2.09 2.5 Buy DCF
01/25/17 Credit Suisse M1 2.17 1.55 Underperform
01/25/17 DBS Vickers M1 2.17 1.97 Hold DCF
01/25/17 Kim Eng M1 2.17 1.85 Sell DCF
01/25/17 Lim & Tan M1 2.17 0 Sell
01/25/17 OCBC M1 2.17 2.03 Hold
01/25/17 UOB Kay Hian M1 2.17 2.48 Buy DCF
01/26/17 CIMB M1 2.05 1.8 Reduce DCF
02/24/17 UOB Kay Hian M1 2.03 2.52 Buy DCF
02/24/17 Deutsche M1 2.03 2.5 Buy
03/13/17 DIR M1 2.11 1.93 Hold DDM
03/17/17 OCBC M1 2.03 1.75 Sell
03/20/17 Credit Suisse M1 2.19 1.5 Underperform
03/20/17 DBS Vickers M1 2.19 1.97 Hold
03/20/17 DMG & Partners M1 2.19 2.05 Neutral DCF
03/21/17 OCBC M1 2.17 1.96 Hold EV/EBitda8.5x FY17/18
04/05/17 CIMB M1 2.16 1.8 Reduce
04/05/17 Credit Suisse M1 2.16 1.5 Underperform
04/05/17 DMG & Partners M1 2.16 2.05 Neutral
04/05/17 Kim Eng M1 2.16 1.75 Sell DCF
04/05/17 OCBC M1 2.16 1.96 Hold
04/06/17 DBS Vickers M1 2.12 1.97 Hold DCF
04/18/17 CIMB M1 2.14 1.7 Reduce DCF
04/18/17 Credit Suisse M1 2.14 1.45 Underperform
04/18/17 DIR M1 2.14 1.93 Hold DDM
04/18/17 Lim & Tan M1 2.14 0 Hold
04/18/17 Deutsche M1 2.14 2.3 Buy
05/02/17 DBS Vickers M1 2.17 2.54 Buy EV/Ebitda8.4x FY17
06/02/17 DMG & Partners M1 2.27 2.05 Neutral DCF
07/07/17 OCBC M1 2.11 1.96 Hold
07/14/17 DMG & Partners M1 2.07 2.05 Neutral
07/19/17 OCBC M1 2.1 1.75 Sell
07/19/17 DIR M1 2.1 1.93 Hold DDM
07/19/17 Credit Suisse M1 2.1 1.45 Underperform
07/19/17 DMG & Partners M1 2.1 1.9 Neutral DCF
07/19/17 CIMB M1 2.1 1.7 Reduce DCF
07/19/17 DBS Vickers M1 2.1 1.78 Fully Valued DCF
08/18/17 UOB Kay Hian M1 1.77 1.98 Buy DCF
08/23/17 DMG & Partners M1 1.785 1.9 Neutral
09/11/17 OCBC M1 1.78 1.65 Hold
09/14/17 Kim Eng M1 1.79 1.59 Sell DCF
09/18/17 Credit Suisse M1 1.795 1.45 Underperform
09/20/17 Deutsche M1 1.79 2.3 Buy
09/25/17 UOB Kay Hian M1 1.78 1.98 Buy
09/25/17 CIMB M1 1.78 1.8 Hold
09/28/17 DIR M1 1.785 1.74 Hold DDM
10/16/17 DBS Vickers M1 1.815 1.49 Fully Valued DCF
10/17/17 UOB Kay Hian M1 1.805 1.95 Buy DCF
10/17/17 OCBC M1 1.805 1.65 Hold
10/17/17 DMG & Partners M1 1.805 1.9 Neutral
10/17/17 Kim Eng M1 1.805 1.59 Sell
10/17/17 CIMB M1 1.805 1.8 Hold
11/23/17 OCBC M1 1.77 1.65 Hold
11/28/17 Kim Eng M1 1.77 1.59 Sell
01/10/18 DMG & Partners M1 1.79 1.9 Neutral
01/12/18 UOB Kay Hian M1 1.79 1.95 Hold
01/24/18 UOB Kay Hian M1 1.87 1.84 Hold DCF, Buy @ $1.7
01/24/18 DMG & Partners M1 1.87 1.95 Neutral DCF
01/24/18 OCBC M1 1.87 1.7 Hold
01/24/18 DBS Vickers M1 1.87 1.49 Fully Valued DCF
01/25/18 CIMB M1 1.87 1.85 Hold DCF