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Wednesday, February 14, 2018

Stock calls for 14 February 2018


Date Analyst Company Last Target Call Valuation
02/14/18 Deutsche CapitaCommercial 1.74 1.9 Buy
02/14/18 OCBC Capitaland 3.52 4.26 Buy
02/14/18 UOB Kay Hian Capitaland 3.52 4.3 Buy RNAV (15% discount)
02/14/18 Kim Eng Capitaland 3.52 4.1 Buy RNAV (25% discount)
02/14/18 CIMB Capitaland 3.52 4.34 Add RNAV (20% discount)
02/14/18 DMG & Partners Capitaland 3.52 4.2 Buy RNAV (15% discount)
02/14/18 DBS Vickers Comfortdelgro 2.01 2.12 Hold DCF & PER
02/14/18 Kim Eng Comfortdelgro 2.01 2.35 Buy DCF
02/14/18 OCBC Comfortdelgro 2.01 2.25 Buy
02/14/18 CIMB Comfortdelgro 2.01 2.16 Hold DCF
02/14/18 Lim & Tan Comfortdelgro 2.01 0 Buy on weakness
02/14/18 DMG & Partners Comfortdelgro 2.01 2.01 Neutral
02/14/18 phillip Comfortdelgro 2.01 2.5 Buy DCF, PER17.4x FY18
02/14/18 phillip HMI 0.63 0.83 Buy DCF
02/14/18 UOB Kay Hian HMI 0.63 0.83 Buy DCF
02/14/18 Kim Eng HMI 0.63 0.8 Buy DCF
02/14/18 Amfrasers Japan Foods 0.46 0.54 Buy DCF
02/14/18 Deutsche Keppel Reit 1.18 1.3 Buy
02/14/18 Deutsche Mapletree Logistics 1.23 1.35 Buy
02/14/18 CIMB Religare Health Trust 0.83 0.92 Hold DDM
02/14/18 Kim Eng SATS 5.25 6.1 Buy PER21x FY20
02/14/18 UOB Kay Hian SATS 5.25 5.9 Buy DCF, PER25.2x FY18
02/14/18 OCBC SATS 5.25 5.5 Hold Buy @ $5.05 or lower
02/14/18 CIMB SATS 5.25 5.17 Hold PER20x FY19
02/14/18 phillip SATS 5.25 5.33 Neutral
02/14/18 DBS Vickers SATS 5.25 5.67 Buy
02/14/18 phillip SGX 7.3 8.89 Buy DCF
02/14/18 CIMB SIA 10.62 12.05 Add PB1x CY18
02/14/18 UOB Kay Hian SIA 10.62 11.9 Buy PB0.9x
02/14/18 DBS Vickers SIA 10.62 12 Buy PB1x FY19

US drone destroys Russian tank.

https://www.reuters.com/article/us-mideast-crisis-usa-syria-tank/u-s-drone-destroys-russian-made-tank-in-syria-idUSKCN1FX2SJ

Putin won't take this lying down and will definitely retaliate.

Russia will battle it out with the USA on Syria land but it will be some minor battle that won't escalate into a full-blown war.

Wow! Goldman Sachs reaffirmed our prediction for 10-year bond yield.

https://realmoney.thestreet.com/articles/02/13/2018/economic-growth-too-strong-market?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

We predicted that Fed's target for 10-year bond yield would be at 3.5% on 9 Feb 2018.

Goldman Sachs is predicting the same 10-year bond yield too.

https://sg-stock.blogspot.sg/2018/02/stock-markets-are-falling-like-crazy_9.html

Maldives' political situation update.

https://www.reuters.com/article/us-maldives-politics/maldives-embattled-president-sends-envoys-to-china-saudi-for-support-idUSKBN1FS1B7

The Maldives sent envoys to China, Pakistan and Saudi for its support of the government's stance on the court ruling.  However, India was excluded from the list of the friendly nations.

The current Maldives president has had enough of India's intervention in its national policies and wanted to foster a better Maldives-China relationship.  Furthermore, the Maldives wants to get involved in the OBR initiatives for its own economic benefits.  The current Maldives president has realized that India only wants to control the Maldives without the intention to develop its economy whereas China is sincere in helping the Maldives to develop infrastructures and economy.

http://abcnews.go.com/International/wireStory/india-china-vie-influence-crisis-unfolds-maldives-52993084

Thus, India and China are vying for political influences in the Maldives now.


Tuesday, February 13, 2018

China Sky Chemical has dubious financial statement.

http://www.businesstimes.com.sg/companies-markets/china-sky-800m-yuan-loan-to-entity-represented-by-ex-director-not-recorded-in

Another mid-cap China firm listed on SGX is in trouble after Midas.  800m yuan loan was not recorded on its financial statement.

OMG!

http://sg-stock.blogspot.sg/2018/02/midas-assets-are-frozen-in-china.html


The petrol-yuan era is coming! - Part 2

https://www.reuters.com/article/us-china-oil-futures/china-plans-to-launch-crude-oil-futures-on-march-26-securities-regulator-idUSKBN1FT0P2

This posting is an update from our previous post below.

https://sg-stock.blogspot.sg/2018/01/the-petrol-yuan-era-is-coming.html

The oil price had been on a downward trajectory after China indicated the interest to start its own oil trading futures in RMB in Shanghai in January 2018.

The official date has been set for 26 March 2018 and this will definitely affect the international oil market as China is the largest oil importer now.

OUE Hospitality - Stock calls


Date Analyst Company Last Target Call Valuation
01/08/16 DBS Vickers OUE Hospitality 0.755 0.91 Buy DCF
01/26/16 Deutsche OUE Hospitality 0.745 0.8 Hold
01/26/16 OCBC OUE Hospitality 0.745 0.8 Hold
01/27/16 DMG & Partners OUE Hospitality 0.75 0.67 Sell DDM, PB0.74x
02/01/16 Amfrasers OUE Hospitality 0.73 0.815 Buy
02/25/16 Deutsche OUE Hospitality 0.74 0.8 Hold
03/07/16 CIMB OUE Hospitality 0.77 0.77 Hold DDM
03/08/16 Lim & Tan OUE Hospitality 0.765 0 Hold Buy @ $0.7092
03/09/16 CIMB OUE Hospitality 0.755 0.67 Hold DDM
03/10/16 OCBC OUE Hospitality 0.75 0.7 Hold Ex-Bonus 33 for 100 @ $0.54
03/11/16 Amfrasers OUE Hospitality 0.75 0.75 Buy Ex-Bonus 33 for 100 @ $0.54
03/17/16 DMG & Partners OUE Hospitality 0.685 0.86 Buy DDM
03/24/16 Deutsche OUE Hospitality 0.67 0.7 Hold
04/13/16 Credit Suisse OUE Hospitality 0.67 0.86 Neutral
05/09/16 CIMB OUE Hospitality 0.675 0.71 Hold DDM
05/09/16 DBS Vickers OUE Hospitality 0.675 0.75 Buy
05/09/16 Lim & Tan OUE Hospitality 0.675 0 Hold
05/09/16 OCBC OUE Hospitality 0.675 0.67 Hold
05/10/16 Amfrasers OUE Hospitality 0.67 0.72 Buy
05/10/16 DMG & Partners OUE Hospitality 0.67 0.75 Buy DDM
05/17/16 Deutsche OUE Hospitality 0.66 0.65 Hold
06/22/16 DMG & Partners OUE Hospitality 0.67 0.86 Buy
07/04/16 DMG & Partners OUE Hospitality 0.69 0.75 Buy
07/04/16 OCBC OUE Hospitality 0.69 0.67 Hold
07/26/16 Deutsche OUE Hospitality 0.72 0.65 Hold
08/02/16 Credit Suisse OUE Hospitality 0.71 0.78 Neutral
08/02/16 DBS Vickers OUE Hospitality 0.71 0.75 Buy
08/02/16 Lim & Tan OUE Hospitality 0.71 0 Hold
08/02/16 OCBC OUE Hospitality 0.71 0.73 Hold
08/02/16 Religare OUE Hospitality 0.71 0.74 Hold
08/03/16 CIMB OUE Hospitality 0.69 0.79 Add DDM
09/07/16 Credit Suisse OUE Hospitality 0.685 0.78 Neutral
09/22/16 CIMB OUE Hospitality 0.66 0.75 Add DDM
10/18/16 DBS Vickers OUE Hospitality 0.685 0.75 Buy
11/01/16 CIMB OUE Hospitality 0.68 0.77 Add DDM
11/01/16 DBS Vickers OUE Hospitality 0.68 0.72 Buy DCF
11/01/16 DMG & Partners OUE Hospitality 0.68 0.7 Neutral
11/01/16 Lim & Tan OUE Hospitality 0.68 0 Hold
11/01/16 OCBC OUE Hospitality 0.68 0.73 Buy
11/16/16 Deutsche OUE Hospitality 0.64 0.65 Hold
12/05/16 DMG & Partners OUE Hospitality 0.655 0.7 Neutral
12/07/16 Deutsche OUE Hospitality 0.65 0.65 Hold
12/16/16 OCBC OUE Hospitality 0.64 0.73 Buy
01/04/17 OCBC OUE Hospitality 0.685 0.73 Buy
01/09/17 DBS Vickers OUE Hospitality 0.68 0.72 Buy DCF
01/26/17 CIMB OUE Hospitality 0.685 0.71 Add DDM
01/26/17 DMG & Partners OUE Hospitality 0.685 0.7 Neutral DDM
01/26/17 OCBC OUE Hospitality 0.685 0.75 Buy
01/27/17 DBS Vickers OUE Hospitality 0.685 0.75 Buy DCF
01/31/17 Credit Suisse OUE Hospitality 0.69 0.78 Neutral
02/08/17 OCBC OUE Hospitality 0.675 0.75 Buy
02/28/17 Deutsche OUE Hospitality 0.69 0.65 Hold
03/10/17 DMG & Partners OUE Hospitality 0.675 0.7 Neutral
03/16/17 OCBC OUE Hospitality 0.68 0.75 Buy
04/03/17 DMG & Partners OUE Hospitality 0.69 0.76 Buy DDM
04/17/17 OCBC OUE Hospitality 0.71 0.75 Buy
05/05/17 DBS Vickers OUE Hospitality 0.715 0.76 Buy DCF
05/05/17 DMG & Partners OUE Hospitality 0.715 0.76 Buy DDM
05/05/17 OCBC OUE Hospitality 0.715 0.75 Buy
05/15/17 DMG & Partners OUE Hospitality 0.705 0.78 Buy DDM
06/09/17 OCBC OUE Hospitality 0.72 0.75 Buy
06/22/17 Deutsche OUE Hospitality 0.725 0.65 Hold
07/04/17 OCBC OUE Hospitality 0.755 0.75 Buy
07/12/17 DMG & Partners OUE Hospitality 0.76 0.78 Buy
08/02/17 CIMB OUE Hospitality 0.76 0.82 Add DDM
08/02/17 DMG & Partners OUE Hospitality 0.76 0.83 Buy DDM
08/02/17 OCBC OUE Hospitality 0.76 0.82 Buy
08/02/17 Lim & Tan OUE Hospitality 0.76 0 Hold
08/03/17 DBS Vickers OUE Hospitality 0.77 0.8 Buy DCF
09/21/17 DMG & Partners OUE Hospitality 0.79 0.83 Buy
09/21/17 OCBC OUE Hospitality 0.79 0.82 Buy
11/02/17 CIMB OUE Hospitality 0.81 0.84 Add DDM
11/02/17 Credit Suisse OUE Hospitality 0.81 0.78 Neutral
11/02/17 OCBC OUE Hospitality 0.81 0.82 Hold
11/02/17 DBS Vickers OUE Hospitality 0.81 0.85 Buy DCF
11/03/17 DMG & Partners OUE Hospitality 0.815 0.88 Buy DDM
12/01/17 OCBC OUE Hospitality 0.815 0.82 Hold
12/06/17 DBS Vickers OUE Hospitality 0.825 0.85 Buy
12/19/17 DMG & Partners OUE Hospitality 0.835 0.88 Buy
01/03/18 DMG & Partners OUE Hospitality 0.855 0.91 Buy DDM
01/04/18 Deutsche OUE Hospitality 0.87 0.65 Sell
01/04/18 CIMB OUE Hospitality 0.87 0.89 Add DDM
01/05/18 OCBC OUE Hospitality 0.875 0.83 Hold
01/31/18 DBS Vickers OUE Hospitality 0.885 0.93 Buy DCF
01/31/18 Lim & Tan OUE Hospitality 0.885 0 Hold

OUE Commercial - Stock calls


Date Analyst Company Last Target Call Valuation
01/08/16 DBS Vickers OUE Commercial 0.65 0.67 Hold DCF
01/28/16 OCBC OUE Commercial 0.635 0.65 Hold
01/29/16 DBS Vickers OUE Commercial 0.625 0.65 Hold
03/07/16 CIMB OUE Commercial 0.675 0.8 Add DDM
04/13/16 Kim Eng OUE Commercial 0.64 0.64 Not Rated
05/11/16 CIMB OUE Commercial 0.655 0.64 Hold DDM
05/11/16 OCBC OUE Commercial 0.655 0.65 Hold
05/12/16 DBS Vickers OUE Commercial 0.665 0.7 Hold
08/03/16 DBS Vickers OUE Commercial 0.69 0.65 Hold
08/04/16 CIMB OUE Commercial 0.695 0.7 Hold DDM
08/16/16 DBS Vickers OUE Commercial 0.665 0.73 Hold
09/05/16 DBS Vickers OUE Commercial 0.68 0.73 Hold
11/02/16 CIMB OUE Commercial 0.69 0.7 Hold DDM
11/02/16 DBS Vickers OUE Commercial 0.69 0.74 Hold DCF
11/02/16 OCBC OUE Commercial 0.69 0.65 Hold
01/09/17 DBS Vickers OUE Commercial 0.695 0.74 Hold DCF
01/27/17 OCBC OUE Commercial 0.7 0.65 Hold
03/10/17 OCBC OUE Commercial 0.685 0.65 Hold
05/08/17 DBS Vickers OUE Commercial 0.7 0.67 Hold DCF
05/08/17 OCBC OUE Commercial 0.7 0.65 Hold
05/08/17 CIMB OUE Commercial 0.7 0.71 Hold
08/03/17 OCBC OUE Commercial 0.73 0.68 Hold DDM
08/04/17 CIMB OUE Commercial 0.725 0.68 Hold DDM
08/04/17 DBS Vickers OUE Commercial 0.725 0.69 Hold
10/04/17 OCBC OUE Commercial 0.715 0.67 Hold
11/03/17 OCBC OUE Commercial 0.72 0.67 Hold
11/03/17 CIMB OUE Commercial 0.72 0.68 Hold DDM
11/10/17 DBS Vickers OUE Commercial 0.71 0.73 Hold DCF
12/05/17 OCBC OUE Commercial 0.71 0.67 Hold
01/09/18 OCBC OUE Commercial 0.75 0.67 Hold
02/01/18 CIMB OUE Commercial 0.75 0.75 Hold DDM
02/01/18 OCBC OUE Commercial 0.75 0.69 Hold
02/05/18 DBS Vickers OUE Commercial 0.755 0.73 Hold DCF

Stock calls for 13 February 2018


Date Analyst Company Last Target Call Valuation
02/13/18 UOB Kay Hian A-Reit 2.58 3.05 Buy
02/13/18 Kim Eng Bumitama 0.695 0.95 Buy
02/13/18 UOB Kay Hian CapitaCommercial 1.72 2.09 Buy
02/13/18 Lim & Tan Capitaland 3.47 0 Buy
02/13/18 UOB Kay Hian CDL Hospitality 1.64 1.95 Buy
02/13/18 UOB Kay Hian City Developments 12.31 14.03 Buy
02/13/18 UOB Kay Hian Comfortdelgro 2.01 2.25 Buy
02/13/18 phillip F & N 2.39 2.83 Accumulate Sum of parts, PER27.1x FY18
02/13/18 Kim Eng First Resources 1.75 2.04 Hold
02/13/18 UOB Kay Hian ISOTeam 0.355 0.45 Buy PER10.4x FY18
02/13/18 UOB Kay Hian Keppel Corp 7.8 9.3 Buy
02/13/18 DBS Vickers Keppel Corp 7.8 10.2 Buy
02/13/18 OCBC KSH 0.695 0.79 Hold
02/13/18 DBS Vickers PACC Offshore 0.37 0.51 Buy
02/13/18 UOB Kay Hian Raffles Medical 1.08 1.34 Buy
02/13/18 DBS Vickers Sembcorp Industries 3.21 4.5 Buy
02/13/18 DBS Vickers Sembcorp Marine 2.37 3.1 Buy
02/13/18 JP Morgan SGX 7.31 9 Overweight
02/13/18 Jefferies SGX 7.31 8 Buy
02/13/18 UBS SGX 7.31 8.7 Buy
02/13/18 CIMB SGX 7.31 7.85 Hold PER24x FY19
02/13/18 Goldman Sachs SGX 7.31 6.6 Sell
02/13/18 CIMB Valuetronics 0.92 1.1 Add PER11x CY19
02/13/18 UOB Kay Hian Valuetronics 0.92 0.95 Buy PER11.3x FY19, Buy @ $0.86
02/13/18 UOB Kay Hian Venture 21.92 23.5 Buy
02/13/18 OCBC Wing Tai 2.13 2.64 Buy
02/13/18 UOB Kay Hian Wing Tai 2.13 2.78 Buy

China imposes anti-dumping measures on imported chemicals.

http://www.xinhuanet.com/english/2018-02/12/c_136970405.htm

As more anti-dumping measures are being undertaken by EU, USA & China, raw material prices will increase substantially and this phenomenon will cause a worldwide inflation.

The long-awaited recession is really coming this time and stock falls are inevitable.

Good luck to us all!

Monday, February 12, 2018

OMG! Mad deer disease is spreading in the USA.

https://www.forbes.com/sites/brucelee/2018/01/23/zombie-deer-disease-is-spreading-what-you-should-do/#48c1d4244291

Stay away from wildlife in the USA or you may get CWD which will lead to death.

Turkey-USA relationship is turning from friends to foes.

https://sg.news.yahoo.com/ties-us-risk-breaking-down-turkey-120203758.html

Who will be the biggest loser?

The Turds will be the biggest loser because the USA will abandon the Turds in the end.

http://sg-stock.blogspot.sg/2017/10/turkey-and-usa-are-at-loggerheads-now.html

SGX fell 7% just because of Nifty futures.

http://www.businesstimes.com.sg/companies-markets/hot-stock-sgx-down-7-on-nifty-futures-exit-brokers-maintain-ratings

A single futures can have such a huge impact on SGX.  This is the price that SGX has to pay for being a derivatives exchange instead of a securities exchange.

A single stock delistment won't cause a 7% fall for SGX unless the stock is a STI stock component.

http://sg-stock.blogspot.sg/2018/02/the-1st-delistment-cwg-in-2018.html

OUE - Stock calls


Date Analyst Company Last Target Call Valuation
01/14/16 Kim Eng OUE 1.72 2.04 Hold PB0.5x
01/26/16 Deutsche OUE 1.665 2.35 Buy
02/22/16 Kim Eng OUE 1.65 2.04 Hold RNAV (46% discount)
02/24/16 OCBC OUE 1.63 2.32 Buy
02/25/16 Deutsche OUE 1.64 2.35 Buy RNAV (43.3% discount)
02/25/16 DIR OUE 1.64 3 Buy Sum of parts
03/24/16 Deutsche OUE 1.685 2.35 Buy RNAV (51.3% discount)
05/13/16 DIR OUE 1.625 3 Buy Sum of parts
05/13/16 OCBC OUE 1.625 2.17 Buy
07/26/16 Deutsche OUE 1.52 2.1 Buy
08/10/16 OCBC OUE 1.58 2.17 Buy
09/16/16 OCBC OUE 1.585 2.17 Buy
10/10/16 Lim & Tan OUE 1.77 0 Buy on weakness
11/03/16 OCBC OUE 1.69 2.17 Buy
11/04/16 DIR OUE 1.715 3.1 Buy Sum of parts
12/07/16 Deutsche OUE 1.8 2.1 Buy
02/20/17 DIR OUE 1.95 3.05 Buy Sum of parts
02/20/17 OCBC OUE 1.95 2.17 Buy
04/12/17 Deutsche OUE 2.06 2.2 Buy
04/12/17 OCBC OUE 2.06 2.17 Buy
05/12/17 Deutsche OUE 2 3 Buy
05/12/17 DIR OUE 2 3 Buy Sum of parts
06/22/17 Deutsche OUE 1.985 3 Buy
10/20/17 Deutsche OUE 2.02 3 Buy
11/07/17 OCBC OUE 2.02 2.47 Buy

Olam - Stock calls


Date Analyst Company Last Target Call Valuation
11/04/16 phillip Old Chang Kee 0.705 0.98 Buy DCF
12/05/16 phillip Old Chang Kee 0.765 0.98 Buy DCF
02/14/17 phillip Old Chang Kee 0.835 0.98 Buy DCF
04/17/17 phillip Old Chang Kee 0.85 0.98 Buy
06/05/17 phillip Old Chang Kee 0.83 0.98 Buy DCF
08/17/17 phillip Old Chang Kee 0.765 0.98 Buy DCF
11/14/17 phillip Old Chang Kee 0.75 0.98 Buy DCF
12/04/17 phillip Old Chang Kee 0.76 0.98 Buy DCF

Stock calls for 12 February 2018


Date Analyst Company Last Target Call Valuation
02/12/18 Phillip 800Super 1.14 1.35 Accumulate DCF, PER17.8x FY18
02/12/18 Phillip A-Reit 2.57 2.87 Accumulate
02/12/18 CIMB CEI 1 1.02 Hold PER10.48x
02/12/18 UOB Kay Hian Citic Envirotech 0.705 1.11 Buy DCF, PER11.1x FY19
02/12/18 phillip DBS 26.71 29.3 Buy GGM, PB1.58x
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
02/12/18 Phillip Keppel DC Reit 1.34 1.47 Neutral DDM
02/12/18 Lim & Tan KSH 0.705 0 Hold
02/12/18 Phillip Mapletree Industrial 1.93 2.15 Neutral
02/12/18 Phillip Nam Lee 0.38 0.56 Buy DCF, PER11.1x FY18, PB0.96x FY18
02/12/18 phillip OCBC 12.19 13.48 Buy
02/12/18 DBS Vickers Perennial Reit 0.835 1.05 Buy RNAV (50% discount)
02/12/18 phillip UOB 26.24 25.22 Accumulate

Was Sir Stamford Raffles a badass?

https://sg.style.yahoo.com/sir-stamford-raffles-monster-090425904.html

Are we studying the wrong history?

Historians, please come out to state the truth!  If Sir Stamford Raffles was truly a badass, then we should stop honouring him.

Sunday, February 11, 2018

Singapore didn't invite Taiwan defence minister to the Singapore Airshow 2018.

Singapore didn't invite Taiwan defence minister to the Singapore Airshow 2018 after taking cognizant of the simmering anti-Singapore sentiment in China.

SG is showing a goodwill gesture to China by downgrading the SG-Taiwan diplomatic relationship because SG doesn't want to be ostracized in ASEAN by offending China especially when Philippines is so proactive in boosting its political and economic powers in ASEAN.

http://sg-stock.blogspot.sg/2018/02/philippines-wants-to-displace-singapore.html

Saturday, February 10, 2018

Asia will see no peace soon!

https://sg.finance.yahoo.com/news/us-may-boost-marine-corps-000800611.html

Asia will soon become like the Middle East as the USA increases its military strength in Asia.  History has taught us that the USA will bring chaos into the region as it increases its military strength and the Middle East is a good example.

Good luck to Asia as long as the USA is around!

The conspiracy theory of Trump’s policies.

The conspiracy theorists said that the recent USD depreciation was orchestrated by Trump for US companies to repatriate their overseas monies back to the USA at lower exchange rates and special tax rates.


Thereafter, US bond yields started to move higher rapidly to cause the sudden market falls for these companies to use the repatriated monies to buy back their shares at much lower prices, resulting in huge financial profits for these companies.

The theorists alleged that Trump only wanted to benefit and enrich the corporations and his business associates, and this allegation seemed to have some validity that was in sync with the recent movements in USD, bond yields and stock markets.

World bank says bitcoin is a scam!

https://finance.yahoo.com/news/cryptocurrencies-apos-ponzi-schemes-apos-000400404.html

Mathematicians, Economists, Central bank, World bank, etc have been saying bitcoin is a bit scam but the millennials still invest in bitcoin.

https://sg-stock.blogspot.sg/2018/02/mathematicians-say-that-bitcoin-is-scam.html

When the bitcoin implodes, the millennials cannot blame somebody except themselves for investing in crypto.

China mid-course anti-missile test was successful.

https://www.reuters.com/article/us-china-defence/china-says-carries-out-another-anti-missile-test-idUSKBN1FQ08X

USA aegis system failed but China mid-course anti-missile test was successful.

https://sg-stock.blogspot.sg/2018/02/usa-aegis-missile-defence-system-failed.html

Mid-course interception is difficult because the incoming missile has not re-entered the atmosphere from outer space yet.

Congrats to China for the successful test!

Baltic dry index - 1125

Today, Friday, February 09 2018, the Baltic Dry Index climbed by 19 points, reaching 1125 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 - 975

HOUSTON (AP) - The number of rigs exploring for oil and natural gas in the U.S. increased by 29 this week to 975.
That exceeds the 741 rigs that were active this time a year ago.
Houston oilfield services company Baker Hughes reported Friday that 791 rigs drilled for oil this week and 184 for gas.
Among major oil- and gas-producing states, Texas increased by 14 rigs, North Dakota and Wyoming each gained four, Louisiana and New Mexico each increased by three and Kansas and Oklahoma each gained one.
Colorado decreased by one.
Alaska, Arkansas, California, 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, February 9, 2018

The USA has abandoned the Syrian Kurds.

https://www.reuters.com/article/us-mideast-crisis-syria-turkey-usa/u-s-to-end-weapons-support-for-syrian-kurdish-ypg-turkey-says-idUSKBN1FG08W

We've stated before that the USA would betray the Syrian Kurds.  The Syrian Kurds will perish if they still continue to harbour any false hope.

http://sg-stock.blogspot.sg/2017/12/the-kurds-are-living-in-land-of.html

Syrian Kurds, please wake up and face the reality.  The USA will only think of its own political interest and will betray the Syrian Kurds anytime.

Olam - Stock calls


Date Analyst Company Last Target Call Valuation
01/11/16 UOB Kay Hian Olam 1.695 2.3 Buy
01/12/16 DBS Vickers Olam 1.7 2.01 Hold
01/12/16 Lim & Tan Olam 1.7 0 Hold
01/12/16 OCBC Olam 1.7 1.86 Hold
03/01/16 DBS Vickers Olam 1.595 1.58 Hold DCF & PER10.3x
04/11/16 Lim & Tan Olam 1.655 0 Hold
04/11/16 OCBC Olam 1.655 1.67 Hold
06/10/16 Lim & Tan Olam 1.89 0 Hold
11/16/16 DBS Vickers Olam 2.03 1.94 Hold DCF & PER10.3x
03/01/17 DBS Vickers Olam 2.05 2.12 Hold DCF & PER16.4x
05/16/17 DBS Vickers Olam 1.99 2.15 Hold DCF & PER16.3x

OKP - Stock calls


Date Analyst Company Last Target Call Valuation
03/15/17 DBS Vickers OKP 0.395 0.45 Not Rated PER11x FY17
06/28/17 Amfrasers OKP 0.445 0.52 Buy PER11x FY17
07/17/17 Amfrasers OKP 0.395 0.39 Hold

Stock calls for 9 February 2018


Date Analyst Company Last Target Call Valuation
02/09/18 Kim Eng DBS 26.71 29.66 Hold
02/09/18 UOB Kay Hian DBS 26.71 30.4 Buy GGM, PB1.62x FY18
02/09/18 CIMB DBS 26.71 29 Add GGM, PB1.5x FY18, PER11.6x FY19
02/09/18 Lim & Tan First Sponsor 1.41 0 Buy
02/09/18 UOB Kay Hian Memtech 1.29 1.43 Buy PER11.6x FY18
02/09/18 DMG & Partners Moya Asia 0.091 0.17 Buy DCF
02/09/18 DMG & Partners Neo Group 0.67 0.67 Neutral
02/09/18 CIMB Perennial Reit 0.835 1.12 Add
02/09/18 Kim Eng SIA 10.86 10.95 Hold PB0.93x FY18
02/09/18 OCBC Singtel 3.4 4.15 Buy
02/09/18 UOB Kay Hian Singtel 3.4 4.4 Buy DCF
02/09/18 CIMB Singtel 3.4 4 Add

Here we go again! The USA government has to shut down again.

https://sg.news.yahoo.com/happens-u-government-shutdown-054756485--business.html

When a government has no money to pay its government employees, do you still think the USA can repay its national debt of more than USD$20T?

New crypto will cannibalize old crypto.

https://finance.yahoo.com/news/bitcoin-cash-leads-crypto-gainers-192707030.html

Bitcoin cash is cannibalizing bitcoin now.

We stated this before based on common economic principle.

https://sg-stock.blogspot.sg/2017/12/bitcoin-will-have-another-fork-after.html