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Thursday, September 6, 2018

Asiaphos - Stock calls


Date Analyst Company Last Target Call Valuation
09/14/17 NRA Asiaphos 0.095 0.167 Overweight

Stock calls for 6 September 2018


Date Analyst Company Last Target Call Valuation
09/06/18 Kim Eng Bukit Sembawang 5.92 5.1 Hold
09/06/18 Kim Eng Capitaland 3.35 3.8 Buy
09/06/18 Kim Eng City Developments 8.96 10.4 Hold
09/06/18 Kim Eng Guocoland 1.88 1.9 Hold
09/06/18 Kim Eng Ho Bee 2.59 3.05 Buy
09/06/18 DBS Vickers Keppel Corp 6.44 9 Buy
09/06/18 OCBC OUE 1.57 2.25 Buy
09/06/18 Kim Eng Oxley 0.345 0.36 Hold
09/06/18 DBS Vickers Sembcorp Industries 2.75 3.9 Buy
09/06/18 DBS Vickers Sembcorp Marine 1.68 2.5 Buy
09/06/18 DMG & Partners ST Engineering 3.26 3.97 Buy
09/06/18 Kim Eng Starhub 1.61 1.96 Buy DCF
09/06/18 UOB Kay Hian Starhub 1.61 1.85 Hold DCF
09/06/18 CIMB Starhub 1.61 1.85 Add DCF
09/06/18 DBS Vickers Starhub 1.61 1.42 Hold EV/Ebitda5.6x
09/06/18 DMG & Partners Starhub 1.61 1.78 Neutral DCF
09/06/18 CIMB Synagie 0.215 0.34 Add Price-to-Sales 2.2x CY19
09/06/18 Kim Eng UOL 6.76 8.8 Buy

Turkey has chosen Russia over US.

https://sg.finance.yahoo.com/news/turkey-begins-constructing-russian-missile-040900524.html

With the purchase and installation of Russian S400 defence missile system, Turkey has blatantly defected from NATO and the USA.

Turkey, Russia, Syria and Iran will be the new coalition against Nato and the USA in the Middle East.  Furthermore, Iraq is also likely to join the new coalition if the USA continues its overbearing tactics against Iraq.

https://sg-stock.blogspot.com/2017/09/turkey-has-defected-from-nato.html

Trump had indicated that he would proceed with the $200b tariffs against china goods.

Trump had indicated that he would proceed with the $200b tariffs against China goods by refusing to strike any deal with China this time.

China has just announced that it will retaliate if the US proceeds with the proposed tariffs.

https://sg.finance.yahoo.com/news/china-says-retaliate-u-implements-tariffs-072843016--business.html

Wednesday, September 5, 2018

Japan typhoon - September 2018

Many flights have been cancelled and the Kansai airport is damaged.

https://www.theguardian.com/world/video/2018/sep/04/ship-crashes-into-airport-bridge-as-typhoon-jebi-reaches-japan-video

Asian Healthcare - Stock calls


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Date Analyst Company Last Target Call Valuation
06/18/18 NRA Asian Healthcare 0.27 0.355 Not Rated PER24.2x FY19, EV/Ebitda16.18x FY19, Mid-point of target $0.33-$0.38
07/11/18 UOB Kay Hian Asian Healthcare 0.24 0.33 Buy PER19.4x FY19

Ascendas India Trust - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/17 DBS Vickers Ascendas India Trust 1.025 1.13 Buy DDM
02/01/17 DBS Vickers Ascendas India Trust 1.05 1.12 Buy DDM
02/01/17 Lim & Tan Ascendas India Trust 1.05 0 Hold
04/27/17 DBS Vickers Ascendas India Trust 1.135 1.2 Buy DDM
07/25/17 DBS Vickers Ascendas India Trust 1.16 1.15 Hold DDM
10/26/17 DBS Vickers Ascendas India Trust 1.145 1.15 Hold DDM
11/27/17 DBS Vickers Ascendas India Trust 1.13 1.25 Buy DDM
01/30/18 DBS Vickers Ascendas India Trust 1.13 1.25 Buy
04/26/18 DBS Vickers Ascendas India Trust 1.01 1.22 Buy DDM
04/26/18 Jefferies Ascendas India Trust 1.01 1.2 Buy
05/15/18 DBS Vickers Ascendas India Trust 1.05 1.22 Buy
06/26/18 DBS Vickers Ascendas India Trust 1.02 1.25 Buy DDM
07/26/18 DBS Vickers Ascendas India Trust 1.09 1.25 Buy DDM

Ascendas Hospitality Trust - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/17 DBS Vickers Ascendas Hospitality Trust 0.715 0.84 Buy DCF
06/19/17 DBS Vickers Ascendas Hospitality Trust 0.81 0.88 Buy DCF
01/30/18 DBS Vickers Ascendas Hospitality Trust 0.875 0.91 Buy
02/02/18 Lim & Tan Ascendas Hospitality Trust 0.895 0 Hold
02/05/18 DBS Vickers Ascendas Hospitality Trust 0.885 0.97 Buy DCF
04/17/18 DBS Vickers Ascendas Hospitality Trust 0.8 0.97 Buy
06/26/18 DBS Vickers Ascendas Hospitality Trust 0.775 0.98 Buy DCF
07/06/18 DBS Vickers Ascendas Hospitality Trust 0.785 0.98 Buy

Stock calls for 5 September 2018


Date Analyst Company Last Target Call Valuation
09/05/18 CIMB Frasers Centrepoint Trust 2.29 2.49 Add DDM

Singapore stock market fell 1.69% today.

STI fell 1.69% at the close today because of anticipation of the US tariffs against China tonight.

Trump is expected to proceed with the proposed tariffs against China tonight and China will retaliate with the same might.

Let's see how Trump will react after China's retaliation.

Tuesday, September 4, 2018

Ascott Reit (ART) - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/17 OCBC ART 1.14 1.24 Buy
01/04/17 UOB Kay Hian ART 1.14 1.3 Buy DDM
01/09/17 DBS Vickers ART 1.16 1.32 Buy DCF
01/18/17 DIR ART 1.17 1.24 Outperform DDM
01/24/17 Lim & Tan ART 1.17 0 Buy
01/25/17 CIMB ART 1.185 1.14 Hold DDM
01/25/17 DBS Vickers ART 1.185 1.28 Buy DCF
01/25/17 OCBC ART 1.185 1.22 Hold
01/31/17 Credit Suisse ART 1.185 1.23 Neutral
02/08/17 DIR ART 1.14 1.24 Outperform DDM
03/07/17 Lim & Tan ART 1.17 0 Hold CR = 29 for 100 @ $0.919
03/07/17 UOB Kay Hian ART 1.17 1.3 Buy
03/08/17 CIMB ART 1.13 1 Reduce DDM
03/08/17 Credit Suisse ART 1.13 1.11 Neutral
03/08/17 DIR ART 1.13 1.12 Hold DDM
03/08/17 OCBC ART 1.13 1.16 Hold Target $1.105 ex-rights 29-for-100 @ $0.919
03/08/17 UOB Kay Hian ART 1.13 1.2 Hold DDM, Ex rights 29 for 100 $0.919
03/23/17 OCBC ART 1.065 1.105 Hold
04/06/17 OCBC ART 1.1 1.05 Hold
04/11/17 UOB Kay Hian ART 1.09 1.2 Hold
04/17/17 OCBC ART 1.09 1.105 Hold
04/18/17 DIR ART 1.095 1.12 Hold
04/24/17 DBS Vickers ART 1.09 1.16 Buy DCF, Ex-Rights
04/24/17 DIR ART 1.09 1.08 Hold DDM
04/24/17 OCBC ART 1.09 1.09 Hold
04/24/17 UOB Kay Hian ART 1.09 1.15 Hold DDM, Buy @ $1 or below
05/25/17 UOB Kay Hian ART 1.12 1.17 Hold DDM, Buy @ $1
05/31/17 Lim & Tan ART 1.125 0 Buy
06/01/17 CIMB ART 1.125 1.05 Hold DDM
06/01/17 DBS Vickers ART 1.125 1.16 Buy
06/01/17 OCBC ART 1.125 1.095 Hold
07/04/17 DBS Vickers ART 1.16 1.16 Buy
07/04/17 OCBC ART 1.16 1.095 Hold
07/20/17 Lim & Tan ART 1.175 0 Sell
07/21/17 CIMB ART 1.195 1.14 Hold DDM
07/21/17 DIR ART 1.195 1.12 Hold DDM
07/21/17 UOB Kay Hian ART 1.195 1.18 Hold DDM, Buy @ $1
07/24/17 DBS Vickers ART 1.21 1.28 Buy DCF
08/17/17 DBS Vickers ART 1.18 1.28 Buy DCF
09/29/17 OCBC ART 1.18 1.1 Hold
10/23/17 UOB Kay Hian ART 1.215 1.18 Hold
10/25/17 OCBC ART 1.22 1.11 Hold
10/25/17 CIMB ART 1.22 1.16 Hold DDM
10/25/17 DBS Vickers ART 1.22 1.28 Buy DCF
12/01/17 UOB Kay Hian ART 1.19 1.23 Hold
01/29/18 UOB Kay Hian ART 1.26 1.23 Hold
01/29/18 OCBC ART 1.26 1.16 Hold
01/29/18 DBS Vickers ART 1.26 1.34 Buy DCF
03/15/18 UOB Kay Hian ART 1.16 1.23 Hold
04/17/18 DBS Vickers ART 1.14 1.34 Buy
04/18/18 Lim & Tan ART 1.13 0 Neutral
04/19/18 UOB Kay Hian ART 1.14 1.23 Hold DDM
04/19/18 DBS Vickers ART 1.14 1.3 Buy DCF
07/06/18 DBS Vickers ART 1.09 1.3 Buy
07/25/18 OCBC ART 1.13 1 Sell
07/25/18 UOB Kay Hian ART 1.13 1.18 Hold DDM
07/25/18 CIMB ART 1.13 1.16 Hold DDM
07/25/18 DBS Vickers ART 1.13 1.25 Buy DCF
08/30/18 DBS Vickers ART 1.08 1.25 Buy DCF

APTV - Stock calls


Date Analyst Company Last Target Call Valuation
04/21/17 Phillip APTV 0.49 0.64 Buy DCF, EV/Ebitda10.7x
05/16/17 Phillip APTV 0.55 0.64 Buy DCF, EV/Ebitda10.7x
05/17/17 Amfrasers APTV 0.55 0.65 Buy DDM
08/15/17 Phillip APTV 0.58 0.64 Buy
08/16/17 Amfrasers APTV 0.58 0.6 Buy DDM
11/14/17 Phillip APTV 0.605 0.64 Accumulate
02/28/18 Phillip APTV 0.575 0.62 Accumulate
05/17/18 Phillip APTV 0.465 0.52 Buy
07/16/18 Phillip APTV 0.425 0.52 Buy
08/07/18 Phillip APTV 0.405 0.35 Reduce

APAC Realty - Stock calls


Date Analyst Company Last Target Call Valuation
09/25/17 Lim & Tan APAC Realty 0.66 0 Subscribe IPO
11/09/17 DBS Vickers APAC Realty 0.89 1.03 Buy DCF & PER15x FY18
11/13/17 DBS Vickers APAC Realty 0.905 1.12 Buy DCF & PER15x FY18
11/30/17 DMG & Partners APAC Realty 0.885 1.2 Buy DCF & PER15x FY18
12/06/17 DBS Vickers APAC Realty 0.865 1.12 Buy PER15x FY18
01/12/18 DMG & Partners APAC Realty 0.94 1.2 Buy
02/19/18 DBS Vickers APAC Realty 1.02 1.12 Buy
02/20/18 DMG & Partners APAC Realty 1.06 1.2 Buy
02/26/18 DMG & Partners APAC Realty 1.1 1.35 Buy DCF
02/26/18 DBS Vickers APAC Realty 1.1 1.25 Buy DCF & PER15x FY18
03/20/18 DBS Vickers APAC Realty 1.19 1.42 Buy DCF & PER15x FY18
04/10/18 DMG & Partners APAC Realty 1.17 1.35 Buy
05/10/18 DBS Vickers APAC Realty 1.03 1.32 Buy DCF & PER15x FY18
05/30/18 DMG & Partners APAC Realty 0.905 1.35 Buy DCF
06/06/18 DBS Vickers APAC Realty 0.925 1.32 Buy
06/18/18 DBS Vickers APAC Realty 0.815 1.22 Buy DCF
07/03/18 DMG & Partners APAC Realty 0.785 1.35 Buy
07/09/18 DBS Vickers APAC Realty 0.58 0.66 Fully Valued PER10x FY18
07/13/18 DMG & Partners APAC Realty 0.605 0.77 Buy DCF
08/08/18 DMG & Partners APAC Realty 0.63 0.77 Buy DCF
08/08/18 DBS Vickers APAC Realty 0.63 0.62 Hold PER10x FY19
09/03/18 DMG & Partners APAC Realty 0.57 0.77 Buy DCF

Stock calls for 4 September 2018


Date Analyst Company Last Target Call Valuation
09/04/18 Lim & Tan Capitaland 3.42 0 Buy
09/04/18 OCBC Comfortdelgro 2.3 2.5 Hold
09/04/18 DBS Vickers Comfortdelgro 2.3 2.59 Buy
09/04/18 OCBC Frasers Centrepoint Trust 2.27 2.49 Buy
09/04/18 OCBC Keppel DC Reit 1.36 1.54 buy
09/04/18 OCBC Mapletree North Asia 1.15 1.42 Buy
09/04/18 DMG & Partners SGX 7.42 8.4 Buy PER23.4x FY19
09/04/18 UOB Kay Hian SPH 2.81 2.58 Hold DCF, Buy @ $2.45
09/04/18 Goldman Sachs Thai Beverage 0.645 0.74 Buy Cut from $0.94
09/04/18 JP Morgan Thai Beverage 0.645 0.64 Underweight

South China sea shoal is a treacherous region.

https://sg.news.yahoo.com/philippines-extricates-warship-south-china-sea-shoal-232756352.html

Philippines navy got grounded in the South China sea shoal which showed that its navy didn't have an in-depth knowledge of the shoal region.

We had stated previously that the South China sea shoal was a treacherous region and no commercial shippers would want to sail there.

http://sg-stock.blogspot.com/2017/01/lets-stop-harping-on-south-china-sea.html

Thus, it is pointless to promote freedom of navigation in such a treacherous region and doing so would cause harm to the commercial shippers.


Monday, September 3, 2018

Mark my words! Singapore price hikes are coming in the future! - Part 2

https://www.channelnewsasia.com/news/singapore/public-transport-operators-may-increase-fares-by-up-to-4-3-10680038

Hahaha! Why am I not surprised?

We have already predicted that price hikes are coming in Singapore.

http://sg-stock.blogspot.com/2018/08/mark-my-words-singapore-price-hikes-are.html

Aoxin Q&M - Stock calls


Date Analyst Company Last Target Call Valuation
06/01/18 Phillip Aoxin Q&M 0.22 0.29 Not Rated PER35x FY19

Amara - Stock calls


Date Analyst Company Last Target Call Valuation
04/12/17 DMG & Partners Amara 0.54 0.88 Buy PB0.65x
05/17/17 DMG & Partners Amara 0.56 0.88 Buy PB0.65x
10/09/17 DMG & Partners Amara 0.53 0.88 Buy
11/15/17 DMG & Partners Amara 0.54 0.88 Buy PB0.65x
02/26/18 DMG & Partners Amara 0.55 0.88 Buy PB0.65x
05/16/18 DMG & Partners Amara 0.515 0.88 Buy PB0.65x
08/21/18 DMG & Partners Amara 0.475 0.88 Buy RNAV (35% discount)

AIMS AMP Cap Ind Reit - Stock calls


Date Analyst Company Last Target Call Valuation
05/26/17 Kim Eng AIMS AMP Cap Ind Reit 1.415 1.6 Buy DDM
06/22/17 Kim Eng AIMS AMP Cap Ind Reit 1.44 1.6 Buy
07/03/17 Kim Eng AIMS AMP Cap Ind Reit 1.48 1.6 Buy
10/27/17 Kim Eng AIMS AMP Cap Ind Reit 1.435 1.6 Buy
02/01/18 Lim & Tan AIMS AMP Cap Ind Reit 1.37 0 Hold
02/02/18 Kim Eng AIMS AMP Cap Ind Reit 1.37 1.5 Buy
03/19/18 DBS Vickers AIMS AMP Cap Ind Reit 1.38 1.57 Not Rated
04/16/18 Kim Eng AIMS AMP Cap Ind Reit 1.38 1.5 Buy DDM
06/19/18 DBS Vickers AIMS AMP Cap Ind Reit 1.38 1.55 Buy DCF
07/06/18 DBS Vickers AIMS AMP Cap Ind Reit 1.38 1.55 Buy

Stock calls for 3 September 2018


Date Analyst Company Last Target Call Valuation
09/03/18 Phillip 800Super 0.635 1.03 Buy DCF, PER13x FY19
09/03/18 DMG & Partners APAC Realty 0.57 0.77 Buy DCF
09/03/18 UOB Kay Hian CDL Hospitality 1.56 1.86 Buy
09/03/18 UOB Kay Hian CSE Global 0.445 0.58 Buy
09/03/18 CIMB Dyna-Mac 0.107 0.13 Add PB1.3x CY18
09/03/18 OCBC Frasers Logistics 1.1 1.18 Buy
09/03/18 DBS Vickers Frasers Logistics 1.1 1.2 Buy
09/03/18 Lim & Tan Frasers Logistics 1.1 0 Hold
09/03/18 UOB Kay Hian OCBC 11.3 13.68 Buy
09/03/18 DIR Singtel 3.23 3.47 Outperform Sum of parts
09/03/18 UOB Kay Hian Singtel 3.23 3.98 Buy
09/03/18 CIMB ST Engineering 3.34 3.8 Add
09/03/18 UOB Kay Hian Valuetronics 0.75 0.96 Buy
09/03/18 OCBC Viva Industrial 0.91 0.942 Accept Offer $0.096 cash & 1.6 ESR-Reit share (New value $0.53)
09/03/18 UOB Kay Hian Wheelock Properties 2.17 2.33 Buy

Mahathir scored a win against Singapore.

http://www.asiaone.com/malaysia/hsr-deferred-2-years-malaysia-spared-penalty-payment-singapore-report

Malaysia is spared from any liquidation damage and cancellation fee from the deferment.

What if the HSR is deferred again after 2 years?  Is SG going to get any compensation from Malaysia then?

Saturday, September 1, 2018

Baltic dry index - 1614

Today, Thursday, August 30 2018, the Baltic Dry Index decreased by 47 points, reaching 1614 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 - 1048

The US drilling rig count gained 4 rigs to 1,048 units working for the week ended Aug. 31, according to Baker Hughes data. The count is up 105 units from this time a year ago when the count stood at 943.
Offshore units remained unchanged from last week with 18 units working. A total of 1,028 rigs were drilling on land, up 3 from a week ago. The number of rigs drilling in inland waters was up 1 to 2 units working.
US oil-directed rigs were up 2 from last week at 862 units working, and up from the 759 rigs drilling for oil this week a year ago. Gas-directed rigs also up 2 at 184. This time a year ago, 183 units were drilling for gas.
There was very little movement among the major oil and gas-producing states week-over-week. No state gained or lost more than 1 unit for the week ended Aug. 31.
The three states with a 1 rig gain were Louisiana, 55; Pennsylvania, 41; and Kansas, 1.
Ten states were unchanged this week, namely Texas, 528; North Dakota, 52; Colorado, 30; Wyoming, 29; Ohio, 21; California, 15; West Virginia, 13; Utah, 6; Alaska, 5; and Arkansas, 0.
Down 1 rig, Oklahoma has 139 rigs running. New Mexico also dropped 1 rig, putting its number of rigs working at 102.
Canada saw a 2-week streak of gains reversed for the week ended Aug. 31 with a single-rig loss. The 228 rigs working still surpass the 201 units drilling this week a year ago. Canada dropped 2 oil-directed rigs to reach 151 for the week and gained 1 gas-directed rig to reach 77.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

The private blockchain will cannibalize the public blockchain in the future.

The public blockchain is not as secure as initially purported.  There is a proven method, 51% attack, to hack the public blockchain, commonly known as a decentralized blockchain.

https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/

The hacking of a decentralized blockchain is not technologically challenging but rather cost challenging.  To keep the cost down, hackers have turned to rent mining rigs to hack the public blockchains.

Therefore, as the crypto prices go up, the hacking occurrences will increase too.

The crypto proponents touted the worldwide adoption of cryptocurrencies based on public blockchains had not materialized insofar and looked unlikely to happen because of the demerits of crypto.

http://sg-stock.blogspot.com/2018/01/the-truth-about-bitcoin.html

http://sg-stock.blogspot.com/2018/03/cryptocurrency-is-very-environmental.html

Furthermore, governments and financial institutions are developing and using private blockchains instead of relying on public blockchains and this will render the public blockchains as useless.

http://www.mas.gov.sg/News-and-Publications/Media-Releases/2018/MAS-and-SGX-partner-Anquan-Deloitte-and-Nasdaq-to-harness-blockchain-technology.aspx

https://cointelegraph.com/news/world-banks-blockchain-based-bonds-a-step-toward-adoption

A private blockchain allows the developer to control and monitor the entire blockchain network and maintain the integrity of the system which is suitable for a government and/or financial institution whereas a developer has to cede control on a public blockchain.

In conclusion, we would like to give a prescient warning that the rise of the private blockchain will cannibalize the public blockchain and cryptocurrency.

Friday, August 31, 2018

AEM - Stock calls


Date Analyst Company Last Target Call Valuation
03/09/17 CIMB AEM 1.555 2.69 Add GGM, PB2.95x, PER8x FY18
04/26/17 CIMB AEM 2.22 3.39 Add PER10x FY18, Ex-CB
05/19/17 CIMB AEM 2.45 3.39 Add
05/23/17 DBS Vickers AEM 2.61 3.35 Not Rated PER10x FY18
07/05/17 CIMB AEM 2.2 3.39 Add PER10x FY18
08/04/17 CIMB AEM 2.8 3.39 Add
08/10/17 CIMB AEM 2.77 3.43 Add PER10x FY18
10/17/17 CIMB AEM 2.87 4.55 Add PER10x FY18
11/06/17 CIMB AEM 3.39 4.55 Add PER10x FY19
12/20/17 CIMB AEM 3.21 4.55 Add
01/10/18 CIMB AEM 3.31 4.55 Add
01/24/18 CIMB AEM 4.16 5.97 Add PER10x CY19
02/02/18 CIMB AEM 4.97 6.62 Add PER10x CY19
03/02/18 CIMB AEM 6.3 8.19 Add PER10x CY19
04/03/18 CIMB AEM 6.78 8.19 Add PER10x FY19
04/26/18 CIMB AEM 6.32 7.24 Add PER10x FY19
05/25/18 CIMB AEM 1.47 1.78 Add 3-for-1 bonus
08/01/18 CIMB AEM 0.995 0.69 Reduce PER10x FY19

Advancer Global - Stock calls


Date Analyst Company Last Target Call Valuation
08/04/17 SAC Advisors Advancer Global Ltd 0.285 0.36 Buy
03/02/18 SAC Advisors Advancer Global Ltd 0.285 0.36 Buy

Addvalue - Stock calls


Date Analyst Company Last Target Call Valuation
04/28/17 NRA Addvalue 0.051 0.079 Not Rated
06/08/17 NRA Addvalue 0.057 0.079 Not Rated
02/08/18 NRA Addvalue 0.042 0.079 Not Rated
04/25/18 NRA Addvalue 0.04 0.079 Not Rated
06/08/18 NRA Addvalue 0.041 0.052 Overweight Mid-point of target $0.0485-$0.0552