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Tuesday, August 7, 2018

Starhub - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners Starhub 2.81 2.82 Neutral
01/03/17 UOB Kay Hian Starhub 2.81 2.4 Sell
01/12/17 Deutsche Starhub 2.93 3.9 Buy
01/13/17 Credit Suisse Starhub 2.92 2.65 Underperform
01/13/17 DBS Vickers Starhub 2.92 3.01 Hold DCF
01/17/17 DIR Starhub 3.01 2.56 Underperform DDM
01/18/17 UOB Kay Hian Starhub 3.08 3.55 Buy DCF
02/06/17 CIMB Starhub 3 2.6 Reduce DCF, Buy @ $2.30 or below
02/06/17 Credit Suisse Starhub 3 2.35 Underperform
02/06/17 DBS Vickers Starhub 3 2.85 Hold DCF
02/06/17 DIR Starhub 3 2.31 Sell DDM
02/06/17 DMG & Partners Starhub 3 2.7 Neutral DCF
02/06/17 Kim Eng Starhub 3 2.49 Sell DCF
02/06/17 OCBC Starhub 3 2.65 Sell DCF
02/06/17 UOB Kay Hian Starhub 3 3.22 Buy DCF
02/07/17 Lim & Tan Starhub 2.8 0 Sell
03/09/17 UOB Kay Hian Starhub 2.85 3.1 Hold DCF, Buy @ $2.80
03/17/17 OCBC Starhub 2.81 2.5 Sell
03/20/17 Credit Suisse Starhub 2.87 2.25 Underperform
03/24/17 Kim Eng Starhub 2.86 2.49 Sell DCF
03/27/17 UOB Kay Hian Starhub 2.88 2.5 Hold
04/05/17 CIMB Starhub 2.88 2.6 Reduce
04/05/17 Credit Suisse Starhub 2.88 2.25 Underperform
04/05/17 DMG & Partners Starhub 2.88 2.7 Neutral
04/05/17 Kim Eng Starhub 2.88 2.36 Sell DCF
04/05/17 OCBC Starhub 2.88 2.5 Sell
04/06/17 DBS Vickers Starhub 2.86 2.85 Hold
05/04/17 Credit Suisse Starhub 2.78 2.2 Underperform
05/04/17 DMG & Partners Starhub 2.78 2.7 Neutral DCF
05/04/17 Kim Eng Starhub 2.78 2.36 Sell DCF
05/04/17 OCBC Starhub 2.78 2.4 Sell DCF
05/04/17 UOB Kay Hian Starhub 2.78 2.98 Hold DCF, Buy @ $2.62
05/05/17 CIMB Starhub 2.78 2.45 Reduce DCF, Buy @ $2.15 or below
06/05/17 DBS Vickers Starhub 2.73 2.7 Fully Valued
06/09/17 OCBC Starhub 2.74 2.4 Sell
06/16/17 UOB Kay Hian Starhub 2.73 2.98 Hold DCF, Buy @ $2.62
06/23/17 DIR Starhub 2.7 2.31 Sell DDM
07/07/17 DMG & Partners Starhub 2.72 2.7 Neutral
07/20/17 Credit Suisse Starhub 2.74 2.2 Underperform
08/03/17 DMG & Partners Starhub 2.7 2.7 Hold DCF
08/03/17 DIR Starhub 2.7 2.31 Sell DDM
08/03/17 UOB Kay Hian Starhub 2.7 2.9 Hold DCF, Buy @ $2.60
08/03/17 OCBC Starhub 2.7 2.4 Sell DCF
08/03/17 CIMB Starhub 2.7 2.5 Reduce DCF, Buy @ $2.20 or below
08/03/17 Lim & Tan Starhub 2.7 0 Hold
08/03/17 DBS Vickers Starhub 2.7 2.33 Fully Valued DCF
08/22/17 UOB Kay Hian Starhub 2.59 2.62 Hold DCF, Buy @ $2.38
09/07/17 UOB Kay Hian Starhub 2.63 2.62 Hold DCF, Buy @ $2.38
09/08/17 Credit Suisse Starhub 2.64 2.2 Underperform
09/11/17 OCBC Starhub 2.63 2.3 Sell
09/14/17 Kim Eng Starhub 2.58 2.17 Sell DCF
09/20/17 Deutsche Starhub 2.59 3.5 Buy
09/25/17 CIMB Starhub 2.6 2.5 Hold
09/28/17 DIR Starhub 2.65 2.25 Sell DDM
10/12/17 UOB Kay Hian Starhub 2.64 2.62 Hold DCF, Buy @ $2.38
10/16/17 DBS Vickers Starhub 2.67 2.2 Fully Valued DCF
11/03/17 OCBC Starhub 2.64 2.3 Sell
11/03/17 Kim Eng Starhub 2.64 2.17 Sell DCF
11/03/17 UOB Kay Hian Starhub 2.64 2.62 Hold DCF, Buy @ $2.38
11/03/17 Credit Suisse Starhub 2.64 2.2 Underperform
11/03/17 DMG & Partners Starhub 2.64 2.7 Neutral DCF
11/03/17 CIMB Starhub 2.64 2.5 Hold DCF
11/06/17 DBS Vickers Starhub 2.72 2.2 Fully Valued DCF
12/20/17 CIMB Starhub 2.88 2.5 Hold
01/10/18 DMG & Partners Starhub 2.89 2.7 Neutral
01/12/18 UOB Kay Hian Starhub 2.93 2.62 Hold
01/17/18 CIMB Starhub 2.92 2.8 Hold DCF
01/26/18 DBS Vickers Starhub 2.97 2.2 Fully Valued DCF
02/15/18 OCBC Starhub 2.86 2.2 Sell
02/15/18 UOB Kay Hian Starhub 2.86 2.7 Hold DCF, Buy @ $2.50
02/15/18 Kim Eng Starhub 2.86 2.27 Sell DCF
02/15/18 Credit Suisse Starhub 2.86 2.15 Underperform
02/15/18 CIMB Starhub 2.86 2.7 Hold DCF
02/15/18 Lim & Tan Starhub 2.86 0 Sell
02/15/18 DMG & Partners Starhub 2.86 2.65 Neutral
02/20/18 DBS Vickers Starhub 2.6 2.2 Fully Valued DCF
03/12/18 UOB Kay Hian Starhub 2.47 2.7 Hold
03/14/18 Kim Eng Starhub 2.44 2.27 Sell DCF
03/15/18 CIMB Starhub 2.43 2.7 Hold DCF
03/15/18 DMG & Partners Starhub 2.43 2.65 Neutral
03/20/18 UOB Kay Hian Starhub 2.43 2.25 Sell
04/03/18 Kim Eng Starhub 2.33 2.27 Hold
04/10/18 OCBC Starhub 2.28 2.2 Hold
04/10/18 UOB Kay Hian Starhub 2.28 2.25 Sell
05/04/18 UOB Kay Hian Starhub 2.31 2.25 Sell DCF
05/04/18 Kim Eng Starhub 2.31 2.27 Hold DCF
05/04/18 DMG & Partners Starhub 2.31 2.5 Neutral DCF
05/04/18 OCBC Starhub 2.31 2.2 Hold
05/07/18 CIMB Starhub 2.29 2.4 Hold DCF
05/07/18 DBS Vickers Starhub 2.29 2.05 Fully Valued DCF
06/12/18 UOB Kay Hian Starhub 1.84 1.98 Hold DCF
06/27/18 DMG & Partners Starhub 1.73 1.9 Neutral DCF
06/27/18 DBS Vickers Starhub 1.73 1.42 Hold EV/Ebitda5.6x
07/03/18 UOB Kay Hian Starhub 1.64 1.98 Hold
07/09/18 Kim Eng Starhub 1.7 1.96 Buy DCF

Starhill - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/17 DBS Vickers Starhill 0.77 0.87 Buy DCF
01/18/17 DIR Starhill 0.75 0.88 Outperform DDM
01/31/17 DBS Vickers Starhill 0.76 0.85 Buy DCF
02/02/17 CIMB Starhill 0.77 0.72 Hold DDM
02/02/17 DIR Starhill 0.77 0.86 Outperform DDM
02/02/17 DMG & Partners Starhill 0.77 0.81 Buy DDM
02/02/17 OCBC Starhill 0.77 0.82 Buy
03/07/17 UOB Kay Hian Starhill 0.745 0.9 Buy
03/10/17 DMG & Partners Starhill 0.735 0.81 Buy
04/04/17 DBS Vickers Starhill 0.76 0.85 Buy
04/07/17 DMG & Partners Starhill 0.765 0.81 Buy DDM
04/11/17 UOB Kay Hian Starhill 0.77 0.9 Buy DDM
04/18/17 DIR Starhill 0.765 0.86 Outperform
04/28/17 DBS Vickers Starhill 0.775 0.83 Buy PB0.86x
04/28/17 OCBC Starhill 0.775 0.82 Buy
05/05/17 DIR Starhill 0.76 0.85 Outperform DDM
05/17/17 OCBC Starhill 0.75 0.82 Buy
05/26/17 OCBC Starhill 0.76 0.81 Hold
06/06/17 DIR Starhill 0.755 0.85 Outperform
07/04/17 DMG & Partners Starhill 0.78 0.81 Buy
07/31/17 DIR Starhill 0.775 0.85 Outperform DDM
07/31/17 Religare Starhill 0.775 0.88 Buy
08/01/17 OCBC Starhill 0.78 0.82 Buy DDM
08/01/17 DMG & Partners Starhill 0.78 0.81 Neutral DDM
08/01/17 CIMB Starhill 0.78 0.83 Hold DDM
08/02/17 DBS Vickers Starhill 0.78 0.82 Buy
09/15/17 DIR Starhill 0.75 0.8 Outperform DDM
09/21/17 DMG & Partners Starhill 0.75 0.81 Neutral
10/23/17 UOB Kay Hian Starhill 0.775 0.9 Buy
10/31/17 CIMB Starhill 0.775 0.83 Hold DDM
11/01/17 OCBC Starhill 0.77 0.77 Hold
11/01/17 DBS Vickers Starhill 0.77 0.82 Buy DCF
01/02/18 Kim Eng Starhill 0.78 0.7 Sell DDM
01/05/18 DMG & Partners Starhill 0.775 0.81 Neutral DDM
01/30/18 OCBC Starhill 0.78 0.77 Hold
01/30/18 Lim & Tan Starhill 0.78 0 Hold
03/19/18 DBS Vickers Starhill 0.725 0.82 Buy
04/27/18 OCBC Starhill 0.72 0.77 Hold
04/27/18 Kim Eng Starhill 0.72 0.7 Sell
05/17/18 DMG & Partners Starhill 0.685 0.81 Neutral
06/19/18 OCBC Starhill 0.66 0.65 Hold
07/30/18 Kim Eng Starhill 0.685 0.65 Hold DDM
07/30/18 OCBC Starhill 0.685 0.65 Hold
07/31/18 CIMB Starhill 0.685 0.69 Hold DDM

ST Engineering - Stock calls


Date Analyst Company Last Target Call Valuation
01/02/17 OCBC ST Engineering 3.3 3.2 Hold
01/03/17 UOB Kay Hian ST Engineering 3.23 3.42 Buy
01/05/17 Credit Suisse ST Engineering 3.3 4 Outperform
01/13/17 DBS Vickers ST Engineering 3.34 3.5 Buy
01/19/17 Lim & Tan ST Engineering 3.41 0 Buy
02/08/17 UOB Kay Hian ST Engineering 3.37 3.42 Buy
02/10/17 CIMB ST Engineering 3.36 3.75 Add DCF & PER22x CY18
02/10/17 Credit Suisse ST Engineering 3.36 4 Outperform
02/17/17 CIMB ST Engineering 3.4 3.82 Add DCF & PER22x
02/17/17 Lim & Tan ST Engineering 3.4 0 Buy
02/17/17 OCBC ST Engineering 3.4 3.2 Hold
02/17/17 UOB Kay Hian ST Engineering 3.4 3.7 Buy DDM, PER21x
03/13/17 Credit Suisse ST Engineering 3.66 4 Outperform
03/21/17 UOB Kay Hian ST Engineering 3.68 3.7 Buy
03/24/17 Kim Eng ST Engineering 3.64 3.17 Hold PER18x FY17
04/04/17 DBS Vickers ST Engineering 3.65 3.8 Buy
04/05/17 UOB Kay Hian ST Engineering 3.64 3.7 Buy
04/10/17 CIMB ST Engineering 3.65 3.82 Add
04/19/17 Credit Suisse ST Engineering 3.75 4 Outperform
04/19/17 Lim & Tan ST Engineering 3.75 0 Buy
05/15/17 CIMB ST Engineering 3.75 3.82 Add PER22x & DCF
05/15/17 Credit Suisse ST Engineering 3.75 4 Outperform
05/15/17 DBS Vickers ST Engineering 3.75 4.12 Buy DCF & PER23x
05/15/17 OCBC ST Engineering 3.75 3.7 Hold DCF
05/15/17 UOB Kay Hian ST Engineering 3.75 3.9 Hold DCF, PER22.7x FY17, Buy @ $3.60 or lower
05/16/17 Lim & Tan ST Engineering 3.71 0 Buy
06/06/17 UOB Kay Hian ST Engineering 3.73 3.9 Hold
06/16/17 DBS Vickers ST Engineering 3.72 4.12 Buy
07/24/17 CIMB ST Engineering 3.77 3.82 Add DCF & PER22x
07/27/17 DBS Vickers ST Engineering 3.79 4.12 Buy PER23x
08/02/17 DIR ST Engineering 3.8 4.46 Buy DCF
08/14/17 OCBC ST Engineering 3.7 3.61 Hold DCF
08/14/17 DIR ST Engineering 3.7 4.39 Buy DCF
08/14/17 UOB Kay Hian ST Engineering 3.7 3.8 Hold Buy @ $3.50
08/14/17 CIMB ST Engineering 3.7 3.82 Add DCF & PER22x CY18
08/14/17 DBS Vickers ST Engineering 3.7 3.8 Hold
08/14/17 Lim & Tan ST Engineering 3.7 0 Buy
08/15/17 Credit Suisse ST Engineering 3.68 4 Outperform
09/06/17 DMG & Partners ST Engineering 3.59 4.07 Buy DCF & PER23.3x FY18 & PB5.5x & EV/Ebitda16x
09/28/17 Lim & Tan ST Engineering 3.49 0 Buy
10/04/17 DIR ST Engineering 3.43 4.39 Buy DCF
10/12/17 Crucial Perspective ST Engineering 3.35 4.3 Outperform
10/25/17 Lim & Tan ST Engineering 3.38 0 Buy
10/27/17 UOB Kay Hian ST Engineering 3.46 3.8 Buy
11/08/17 Lim & Tan ST Engineering 3.47 0 Buy
11/09/17 DMG & Partners ST Engineering 3.41 4.04 Buy PER23x & PB5.5x & EV/Ebitda16x & DCF
11/09/17 UOB Kay Hian ST Engineering 3.41 3.8 Buy DCF
11/09/17 Credit Suisse ST Engineering 3.41 4 Outperform
11/09/17 OCBC ST Engineering 3.41 3.61 Hold
11/09/17 CIMB ST Engineering 3.41 3.85 Add PER22x CY19
11/09/17 DBS Vickers ST Engineering 3.41 3.7 Hold
12/20/17 CIMB ST Engineering 3.17 3.85 Add
01/05/18 DBS Vickers ST Engineering 3.3 3.7 Hold
01/18/18 CIMB ST Engineering 3.31 3.85 Add DCF & PER22x CY19
01/22/18 Lim & Tan ST Engineering 3.32 0 Buy
02/07/18 OCBC ST Engineering 3.23 4 Buy
02/07/18 CIMB ST Engineering 3.23 3.85 Add
02/20/18 DMG & Partners ST Engineering 3.35 4.2 Buy
02/26/18 CIMB ST Engineering 3.39 3.8 Add DCF, PER & Div yield
02/26/18 UOB Kay Hian ST Engineering 3.39 3.6 Hold DCF, Buy @ $3.20
02/26/18 DBS Vickers ST Engineering 3.39 3.9 Buy
02/26/18 Lim & Tan ST Engineering 3.39 0 Buy
02/27/18 DMG & Partners ST Engineering 3.44 4.04 Buy PER23x & PB5.5x & EV/Ebitda16x & DCF
03/02/18 Lim & Tan ST Engineering 3.38 0 Buy
03/05/18 CIMB ST Engineering 3.36 3.8 Add DCF & PER & Div Yield
03/09/18 UOB Kay Hian ST Engineering 3.38 3.6 Hold
03/12/18 Kim Eng ST Engineering 3.38 4.15 Buy DCF
03/13/18 Amfrasers ST Engineering 3.43 3.88 Buy
03/13/18 Credit Suisse ST Engineering 3.43 4 Outperform DCF
03/23/18 UOB Kay Hian ST Engineering 3.47 4.1 Buy EV/Invested capital basis, PER23x FY19
03/23/18 DBS Vickers ST Engineering 3.47 4.1 Buy DCF & PER22x
04/12/18 Lim & Tan ST Engineering 3.65 0 Buy
04/16/18 DMG & Partners ST Engineering 3.67 4.04 Buy
04/23/18 Macquarie ST Engineering 3.65 3.9 Outperform
05/11/18 Lim & Tan ST Engineering 3.46 0 Buy
05/14/18 CIMB ST Engineering 3.39 3.8 Add DCF & PER20x CY19
05/14/18 DBS Vickers ST Engineering 3.39 4.1 Buy
05/14/18 DMG & Partners ST Engineering 3.39 4.04 Buy PER23x & PB5.5x & EV/Ebitda16x & DCF
05/23/18 UOB Kay Hian ST Engineering 3.47 4.1 Buy
06/04/18 UOB Kay Hian ST Engineering 3.45 4.1 Buy
06/28/18 DBS Vickers ST Engineering 3.29 4.1 Buy
07/03/18 UOB Kay Hian ST Engineering 3.27 4.1 Buy
07/05/18 OCBC ST Engineering 3.25 3.9 Buy
08/03/18 UOB Kay Hian ST Engineering 3.36 4.1 Buy EV/Invested capital basis, PER22x FY18

Stock calls for 7 August 2018


Date Analyst Company Last Target Call Valuation
08/07/18 Phillip APTV 0.405 0.35 Reduce
08/07/18 DBS Vickers Breadtalk 1.05 1.07 Hold Sum of parts
08/07/18 DBS Vickers China Aviation Oil 1.58 1.98 Buy PER13x FY18
08/07/18 DBS Vickers Genting 1.13 1.55 Buy DCF
08/07/18 UOB Kay Hian Manulife US Reit 0.86 1.06 Buy DDM
08/07/18 DBS Vickers Manulife US Reit 0.86 0.97 Buy DCF
08/07/18 DMG & Partners Mindchamps 0.67 1 Buy
08/07/18 DMG & Partners Moya Asia 0.092 0.13 Buy DCF
08/07/18 OCBC Netlink 0.78 0.9 Buy
08/07/18 DBS Vickers Netlink 0.78 0.87 Buy
08/07/18 UOB Kay Hian OCBC 11.58 13.68 Buy GGM, PB1.42x FY18
08/07/18 Credit Suisse OCBC 11.58 14.65 Outperform
08/07/18 DBS Vickers OCBC 11.58 12.4 Hold GGM, PB1.2x FY19
08/07/18 CIMB OCBC 11.58 14 Add
08/07/18 CIMB Perennial Reit 0.805 0.99 Add RNAV (50% discount)
08/07/18 UOB Kay Hian Raffles Medical 1.09 1.28 Buy DCF
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
08/07/18 Kim Eng Sasseur 0.75 0.9 Buy DDM
08/07/18 phillip Sembcorp Industries 2.7 3.7 Buy Sum of parts
08/07/18 Lim & Tan Sembcorp Industries 2.7 0 Buy
08/07/18 CIMB Singapore Post 1.23 1.27 Hold DCF
08/07/18 phillip UOB 27.13 34.5 Buy GGM, PB1.6x FY18
08/07/18 DBS Vickers UOL 7.03 7.82 Hold RNAV (35% discount)
08/07/18 DBS Vickers Venture 18.6 22.9 Buy PER15.8x FY18/19

Monday, August 6, 2018

Spindex - Stock calls


Date Analyst Company Last Target Call Valuation
07/28/17 Lim & Tan Spindex 0.985 0 Buy
08/22/17 Lim & Tan Spindex 1.165 0 Buy
09/22/17 SI Research Spindex 1.11 1.46 Buy PER12x

SPH Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/17 DBS Vickers SPH Reit 0.965 1 Hold DCF
01/12/17 CIMB SPH Reit 0.97 0.95 Hold DDM
01/12/17 Lim & Tan SPH Reit 0.97 0 Hold
01/12/17 OCBC SPH Reit 0.97 1.04 Buy
01/13/17 Credit Suisse SPH Reit 0.975 1.04 Neutral
02/09/17 Credit Suisse SPH Reit 0.975 1.04 Neutral
03/16/17 DBS Vickers SPH Reit 0.965 1.03 Buy
04/04/17 DBS Vickers SPH Reit 0.98 1.03 Buy
04/11/17 CIMB SPH Reit 0.975 1.01 Hold DDM
04/11/17 Credit Suisse SPH Reit 0.975 1.04 Neutral
04/11/17 DBS Vickers SPH Reit 0.975 1.04 Buy DCF
04/11/17 Lim & Tan SPH Reit 0.975 0 Buy on weakness
04/11/17 OCBC SPH Reit 0.975 1.08 Buy DDM
06/14/17 DBS Vickers SPH Reit 0.995 1.04 Buy
07/13/17 OCBC SPH Reit 0.995 1.08 Buy
07/13/17 Credit Suisse SPH Reit 0.995 1.01 Neutral
07/13/17 CIMB SPH Reit 0.995 1.04 Hold DDM
07/13/17 Lim & Tan SPH Reit 0.995 0 Hold
07/14/17 DBS Vickers SPH Reit 0.995 1.04 Buy DCF
10/10/17 OCBC SPH Reit 1.005 1.08 Buy DDM
10/10/17 CIMB SPH Reit 1.005 1.06 Hold DDM
10/10/17 DBS Vickers SPH Reit 1.005 1.07 Buy DCF
12/01/17 Lim & Tan SPH Reit 1.05 0 Hold
12/13/17 DBS Vickers SPH Reit 1.04 1.07 Hold DCF
01/02/18 Kim Eng SPH Reit 1.05 1 Hold DDM
01/08/18 CIMB SPH Reit 1.07 1.06 Hold DDM
01/08/18 Lim & Tan SPH Reit 1.07 0 Hold
01/08/18 OCBC SPH Reit 1.07 1.08 Hold
01/09/18 DBS Vickers SPH Reit 1.07 1.07 Hold DCF
04/09/18 CIMB SPH Reit 1 1.06 Hold DDM
04/09/18 OCBC SPH Reit 1 1.02 Hold DDM
04/09/18 DBS Vickers SPH Reit 1 1.07 Buy DCF
04/09/18 Lim & Tan SPH Reit 1 1.06 Hold
04/09/18 Kim Eng SPH Reit 1 1 Hold DDM
05/02/18 DBS Vickers SPH Reit 0.99 1.07 Buy
05/02/18 CIMB SPH Reit 0.99 1.07 Hold DDM
05/02/18 OCBC SPH Reit 0.99 1.02 Hold
06/29/18 DBS Vickers SPH Reit 0.99 1.07 Buy DCF
07/06/18 DBS Vickers SPH Reit 0.99 1.07 Buy
07/11/18 CIMB SPH Reit 1 1.07 Hold DDM
07/11/18 OCBC SPH Reit 1 1.02 Hold
07/11/18 Lim & Tan SPH Reit 1 0 Hold
07/13/18 Kim Eng SPH Reit 1 1 Hold DDM

Stock calls for 6 August 2018


Date Analyst Company Last Target Call Valuation
08/06/18 DMG & Partners China Aviation Oil 1.54 1.75 Buy Sum of parts, PER11.4x FY18
08/06/18 DBS Vickers Chip Eng Seng 0.795 0.75 Fully Valued
08/06/18 DBS Vickers Cityneon 1.02 1.57 Buy PER14.4x
08/06/18 phillip DBS 26.15 33.32 Buy GGM, PB1.7x
08/06/18 DMG & Partners Delfi 1.18 1.47 Buy DCF
08/06/18 UOB Kay Hian Genting 1.23 1.38 Buy EV/Ebitda10.5x FY18
08/06/18 OCBC Genting 1.23 1.39 Buy FCFE
08/06/18 CIMB Genting 1.23 1.44 Add EV/Ebitda15.5x FY19
08/06/18 CIMB Lippo-Malls Indo 0.315 0.33 Hold DDM
08/06/18 Macquarie OCBC 11.35 14.5 Outperform
08/06/18 DBS Vickers Perennial Reit 0.805 1.05 Buy RNAV (50% discount)
08/06/18 DBS Vickers Sembcorp Industries 2.63 3.9 Buy RNAV (10% discount), PB1x
08/06/18 UOB Kay Hian Sembcorp Industries 2.63 3.41 Buy
08/06/18 CIMB Sembcorp Industries 2.63 3.49 Add Sum of parts
08/06/18 DBS Vickers Singapore Post 1.25 1.28 Hold DCF
08/06/18 UOB Kay Hian Singapore Post 1.25 1.45 Hold Sum of parts, Buy @ $1.23
08/06/18 OCBC Singapore Post 1.25 1.5 Buy
08/06/18 OCBC UOB 26.59 32.09 Buy
08/06/18 CIMB UOB 26.59 31 Add GGM, PB1.4x FY18
08/06/18 DBS Vickers UOB 26.59 31.7 Buy
08/06/18 Kim Eng UOL 7 8.8 Buy RNAV (35% discount)
08/06/18 OCBC UOL 7 8.48 Buy
08/06/18 CIMB UOL 7 8.45 Add RNAV (30% discount)
08/06/18 UOB Kay Hian Venture 16.85 18.2 Hold PER14x FY18, Buy @ $16
08/06/18 DMG & Partners Venture 16.85 22.2 Buy PER15.5x FY18
08/06/18 OCBC Venture 16.85 23.23 Buy PER15x
08/06/18 CIMB Venture 16.85 17.83 Hold PER12.3x
08/06/18 Lim & Tan Venture 16.85 0 Buy

The Strait of Malacca and Singapore PSA will have diminishing cargo volumes in the future.


China has begun its cargo shipments through the Arctic to Europe without passing through Singapore port and the Strait of Malacca.

The PSA cargo volume will decline soon in the future.

The US-China trade war has affected Germany.

https://sg.finance.yahoo.com/news/german-factory-orders-down-4-062550340.html

Germany is affected by the US-China trade war.  The rest of Europe will be affected as well because Germany is the strongest economy in EU.

This shows that being part of NATO doesn't immunize EU from the USA unilateral trade tariffs.

Saturday, August 4, 2018

Crypto exchange is more risky than the stock exchange.

https://www.cnbc.com/2018/08/03/enormous-losing-bet-by-a-bitcoin-whale-leaves-its-counterparties-to-.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo

In a stock exchange, any stock trader won't impact other stock traders for the loss caused on the exchange.  However, this is not the same for Crypto exchange because Crypto exchange is not regulated with the same standards.

Why must a trader pay for the losses caused by other people on the same exchange?  I definitely do not agree with this policy.  What's your take on this?

Baltic dry index - 1773

Today, Friday, August 03 2018, the Baltic Dry Index climbed by 17 points, reaching 1773 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 - 1044

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by four this week to 1,044.
At this time a year ago there were 954 active rigs.
Houston oilfield services company Baker Hughes reported Friday that 859 rigs drilled for oil this week and 183 for gas. Two were listed as miscellaneous.
Among major oil- and gas-producing states, Wyoming gained two rigs and Louisiana and Pennsylvania each increased by one. West Virginia lost three rigs, Colorado and New Mexico each decreased by two and Alaska and North Dakota each lost one. Arkansas, California, Kansas, Ohio, Oklahoma, Texas and Utah were unchanged. The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.
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Related stocks: Keppel Corp, Sembcorp Marine, Cosco.

Friday, August 3, 2018

China will not cower in the face of higher tariffs.

https://sg.finance.yahoo.com/news/china-threatens-retaliate-tariffs-60-122400705.html

This is something the USA won't understand.  China won't cower in the face of higher tariffs because of historical shame and nationalistic characteristic.

The higher tariffs will only hurt the USA in the end and the US Senate has shown its displeasure.

This is a trade war that the USA cannot win because the USA will blink first, not China.