Hutchison Port - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/17	OCBC	Hutchison Port	0.435	0.46	Buy	DDM
02/03/17	OCBC	Hutchison Port	0.425	0.46	Buy
02/13/17	OCBC	Hutchison Port	0.44	0.45	Hold	Buy @ $0.41 or below
02/14/17	DBS Vickers	Hutchison Port	0.415	0.42	Hold	DCF
04/25/17	OCBC	Hutchison Port	0.41	0.42	Hold
04/26/17	DBS Vickers	Hutchison Port	0.395	0.42	Hold	DCF
06/19/17	OCBC	Hutchison Port	0.445	0.42	Hold	Buy below $0.40
07/20/17	OCBC	Hutchison Port	0.48	0.42	Sell
07/21/17	DBS Vickers	Hutchison Port	0.445	0.42	Hold	DCF
10/31/17	OCBC	Hutchison Port	0.435	0.42	Hold
10/31/17	DBS Vickers	Hutchison Port	0.435	0.39	Hold	DCF
11/22/17	OCBC	Hutchison Port	0.42	0.42	Hold	Buy @ $0.39
02/06/18	OCBC	Hutchison Port	0.375	0.43	Buy
02/06/18	DBS Vickers	Hutchison Port	0.375	0.39	Hold	DCF, Buy @ $0.35
04/16/18	OCBC	Hutchison Port	0.33	0.43	Buy
04/16/18	DBS Vickers	Hutchison Port	0.33	0.38	Buy	DCF
06/01/18	OCBC	Hutchison Port	0.275	0.43	Buy
06/05/18	DBS Vickers	Hutchison Port	0.28	0.38	Buy
06/07/18	OCBC	Hutchison Port	0.305	0.375	Buy
07/03/18	UOB Kay Hian	Hutchison Port	0.28	0.34	Not Rated
07/17/18	OCBC	Hutchison Port	0.28	0.37	Buy
07/24/18	OCBC	Hutchison Port	0.275	0.36	Buy
07/25/18	DBS Vickers	Hutchison Port	0.27	0.28	Hold	DCF

HRnet Group - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/20/17	Credit Suisse	HRnetGroup	0.855	1.1	Outperform	DCF, PER21.9x FY17
08/17/17	Credit Suisse	HRnetGroup	0.75	1.04	Outperform
11/02/17	DMG & Partners	HRnetGroup	0.865	1.14	Buy	DCF, PER16x FY18 Ex-Cash
01/03/18	DBS Vickers	HRnetGroup	0.79	0.96	Buy	DCF & PER15x FY18 (ex-cash)
01/09/18	DMG & Partners	HRnetGroup	0.82	1.14	Buy	DCF
02/15/18	DMG & Partners	HRnetGroup	0.81	1.14	Buy	DCF
02/27/18	Credit Suisse	HRnetGroup	0.805	1.06	Outperform
02/27/18	DBS Vickers	HRnetGroup	0.805	0.97	Buy	PER15x FY18, Ex-cash
05/11/18	DBS Vickers	HRnetGroup	0.83	0.98	Buy	DCF & PER15x (ex-cash)
05/11/18	DMG & Partners	HRnetGroup	0.83	1.14	Buy	DCF
06/11/18	DBS Vickers	HRnetGroup	0.84	0.98	Buy
06/27/18	DMG & Partners	HRnetGroup	0.865	1.18	Buy	DCF
08/13/18	DMG & Partners	HRnetGroup	0.9	1.18	Buy	DCF
08/14/18	DBS Vickers	HRnetGroup	0.885	1.01	Buy	PER15x FY19, ex-cash
09/26/18	CIMB	HRnetGroup	0.87	1.1	Add	PER18x CY20

Stock calls for 16 October 2018

Date	Analyst	Company	Last	Target	Call	Valuation
10/16/18	DMG & Partners	A-Reit	2.5	2.9	Buy	DDM
10/16/18	DMG & Partners	Cache Logistics	0.71	0.84	Buy	DDM
10/16/18	DMG & Partners	CapitaCommercial	1.69	1.8	Neutral	DDM
10/16/18	DMG & Partners	Capitamall Trust	2.09	2.14	Neutral	DDM
10/16/18	DMG & Partners	CDL Hospitality	1.53	1.8	Buy	DDM
10/16/18	Amfrasers	Comfortdelgro	2.12	2.72	Buy	PER19x FY18
10/16/18	DMG & Partners	Frasers Centrepoint Trust	2.23	2.24	Neutral	DDM
10/16/18	DMG & Partners	Frasers Commercial Trust	1.4	1.5	Neutral	DDM
10/16/18	UOB Kay Hian	Keppel Reit	1.14	1.35	Buy	DDM
10/16/18	DMG & Partners	Keppel Reit	1.14	1.07	Neutral	DDM
10/16/18	DBS Vickers	Keppel Reit	1.14	1.41	Buy
10/16/18	CIMB	Keppel Reit	1.14	1.34	Add	DDM
10/16/18	DMG & Partners	Manulife US Reit	0.78	0.92	Buy	DDM
10/16/18	DMG & Partners	OUE Hospitality	0.69	0.8	Buy	DDM
10/16/18	Macquarie	SIA	9.2	11.7	Outperform	EV/Ebitda7x FY19, Cut from $12.50
10/16/18	OCBC	SPH	2.62	2.55	Hold
10/16/18	UOB Kay Hian	SPH	2.62	2.75	Hold	Buy @ $2.50
10/16/18	CIMB	SPH	2.62	2.74	Hold	Sum of parts
10/16/18	Lim & Tan	SPH	2.62	0	Hold
10/16/18	DMG & Partners	Starhill	0.67	0.8	Buy	DDM
10/16/18	DMG & Partners	Suntec Reit	1.78	1.9	Neutral	DDM

Another 2 companies will delist from SGX this year.

https://www.businesstimes.com.sg/companies-markets/wheelock-properties-to-be-delisted-on-oct-18

https://www.businesstimes.com.sg/companies-markets/vard-to-delist-on-nov-2-requests-trading-halt

Sigh! SGX is finding it hard to retain listed companies because of its low liquidity.  Low liquidity usually will cause low valuation and this is a major problem for SGX.

New railway service between Iran and China was launched in September 2018.

https://www.railfreight.com/beltandroad/2018/09/05/new-railway-service-iran-china-launched-connecting-inner-mongolia-bam/

This railway service between Iran & China will definitely take more cargoes off the strait of Malacca and Singapore.  Look like the railway business between Iran and China has briskened to prompt the 2 countries to launch another new railway service.

https://www.lowyinstitute.org/publications/understanding-belt-and-road-initiative

Sigh! Malaysia and Singapore will suffer in the future because of the declining cargo volumes in the future.

Hotung - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/17	DMG & Partners	Hotung	1.515	1.9	Buy	PB0.6x, Yield 7%
04/17/17	DMG & Partners	Hotung	1.75	2	Buy	PB0.6x FY17
06/07/17	UOB Kay Hian	Hotung	1.87	3.38	Buy
06/12/17	Lim & Tan	Hotung	1.92	3.02	Buy
07/05/17	UOB Kay Hian	Hotung	1.865	3.38	Buy	PB0.94x
08/17/17	UOB Kay Hian	Hotung	2.1	2.93	Buy

Hotel Properties - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/28/17	OCBC	Hotel Properties	3.76	4.83	Buy
08/16/17	OCBC	Hotel Properties	3.87	4.83	Buy
02/28/18	OCBC	Hotel Properties	3.78	4.74	Buy	RNAV
03/09/18	OCBC	Hotel Properties	3.77	4.74	Buy
06/18/18	OCBC	Hotel Properties	3.73	4.74	Buy
10/15/18	OCBC	Hotel Properties	3.68	4.74	Buy

Hongkong Land - Stock calls

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Date	Analyst	Company	Last	Target	Call	Valuation
03/03/17	CIMB	Hongkong Land	7.02	7.8	Add	RNAV (40% discount)
03/03/17	DBS Vickers	Hongkong Land	7.02	7.8	Buy	RNAV (35% discount)
03/03/17	Lim & Tan	Hongkong Land	7.02	0	Buy
03/06/17	Credit Suisse	Hongkong Land	6.84	7.2	Neutral
03/06/17	DBS Vickers	Hongkong Land	6.84	7.9	Buy
04/04/17	CIMB	Hongkong Land	7.72	8.5	Add	RNAV (35% discount)
05/04/17	DBS Vickers	Hongkong Land	7.75	8.51	Buy	RNAV (30% discount)
06/13/17	Lim & Tan	Hongkong Land	7.76	0	Buy
08/03/17	DBS Vickers	Hongkong Land	7.54	8.93	Buy	RNAV (30% discount)
08/04/17	CIMB	Hongkong Land	7.59	9.1	Add	RNAV (35% discount)
08/07/17	DIR	Hongkong Land	7.8	9.3	Buy	RNAV (30% discount), Up from $8.70
11/10/17	DBS Vickers	Hongkong Land	7.32	8.93	Buy	RNAV (30% discount)
12/20/17	CIMB	Hongkong Land	7.16	9.1	Add
03/09/18	CIMB	Hongkong Land	6.76	9.1	Add	RNAV (35% discount)
03/09/18	Lim & Tan	Hongkong Land	6.76	0	Buy
03/12/18	DBS Vickers	Hongkong Land	7.02	8.53	Buy	RNAV (35% discount)
03/13/18	CIMB	Hongkong Land	7	9.5	Add	RNAV (30% discount)
05/11/18	DBS Vickers	Hongkong Land	7.26	8.53	Buy
07/03/18	UOB Kay Hian	Hongkong Land	7.13	8.55	Not Rated
07/24/18	DBS Vickers	Hongkong Land	7.2	8.57	Buy
07/27/18	CIMB	Hongkong Land	7.15	9.5	Add	RNAV (30% discount)

Stock calls for 15 October 2018

Date	Analyst	Company	Last	Target	Call	Valuation
10/15/18	DMG & Partners	DBS	24.42	30.3	Buy
10/15/18	Kim Eng	Hi-P	0.915	0.84	Hold
10/15/18	OCBC	Hotel Properties	3.68	4.74	Buy
10/15/18	UOB Kay Hian	OCBC	10.75	14.05	Buy	GGM, PB1.37x FY19
10/15/18	DBS Vickers	Yangzijiang	1.27	1.82	Buy

AI robots will displace humans!

https://sg.finance.yahoo.com/news/don-apos-t-believe-world-113924974.html

This is sadly true and there is nothing we can do about it as long as economic growth is based on productivity.

All economies in this world focus on productivity for economic growth which is a singularity economic concept.  From the industrial revolution to AI development now, we can see that everything is about productivity which is about doing something faster and cheaper.  It is depressing to see that happening because we end up destroying our own economies with just being productive and ignoring other economic developments.

MIT also came up with the conclusion.

https://sg-stock.blogspot.com/2017/05/artificial-intelligence-will-destroy.html

We also gave a precursory on the new society in 2016.

https://sg-stock.blogspot.com/2016/12/the-new-economy-and-radical-social.html

Robotic soldiers are coming soon!

This robotic machine can have wide military applications.

The US used banned bombs in Syria!

https://www.presstv.com/Detail/2018/10/13/576883/USled-warplanes-drop-white-phosphorus-bombs-in-eastern-Syria-Report

The white phosphorus bombs are banned by the UN but the US still uses them.

It is really disgusting to listen to the US talks about human rights when the US uses banned bombs in a war.

Shame on you, USA!

Baltic dry index - 1579

Today, Friday , October 12 2018, the Baltic Dry Index climbed by 64 points, reaching 1579 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 - 1063

Baker Hughes reports U.S. rig count up 11 to 1,063 rigs Baker Hughes reports that the U.S. rig count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. U.S. Rig Count is up 135 rigs from last year's count of 928, with oil rigs up 126, gas rigs up 8, and miscellaneous rigs up 1. The U.S. Offshore Rig Count is unchanged at 23 rigs and up 3 rigs year-over-year. The Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68. The Canada Rig Count is down 17 rigs from last year's count of 212, with oil rigs up 15 and gas rigs down 32.

========================

Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Hong Leong Finance - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/05/17	DBS Vickers	Hong Leong Finance	2.7	3.2	Buy	GGM, PB0.8x FY17
08/10/17	DBS Vickers	Hong Leong Finance	2.63	3.2	Buy	GGM, PB0.8x FY17
11/13/17	DBS Vickers	Hong Leong Finance	2.72	3.2	Buy	GGM, PB0.8x FY17
01/05/18	DBS Vickers	Hong Leong Finance	2.77	3.2	Buy
02/28/18	DBS Vickers	Hong Leong Finance	2.68	3.2	Buy	GGM, PB0.8x FY17
05/03/18	DBS Vickers	Hong Leong Finance	2.8	3.2	Buy	GGM
08/14/18	DBS Vickers	Hong Leong Finance	2.7	3.2	Buy	GGM, PB0l7x FY19

Hock Lian Seng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/16/17	UOB Kay Hian	Hock Lian Seng	0.515	0.69	Buy	PER7.6x FY17, Ex-Cash
03/02/17	phillip	Hock Lian Seng	0.585	0.57	Neutral	Sum of parts
03/02/17	UOB Kay Hian	Hock Lian Seng	0.585	0.69	Buy
05/11/17	phillip	Hock Lian Seng	0.475	0.57	Accumulate	Sum of parts
05/11/17	UOB Kay Hian	Hock Lian Seng	0.475	0.585	Buy	PER7.6x FY17, Ex-Cash
12/06/17	DBS Vickers	Hock Lian Seng	0.455	0.58	Not Rated	PER11x FY18
02/20/18	UOB Kay Hian	Hock Lian Seng	0.495	0.63	Buy
02/27/18	UOB Kay Hian	Hock Lian Seng	0.51	0.65	Buy

Ho Bee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/17	Kim Eng	Ho Bee	2.06	2.13	Hold
02/06/17	phillip	Ho Bee	2.29	2	Accumulate
02/09/17	Lim & Tan	Ho Bee	2.3	0	Buy
02/28/17	Kim Eng	Ho Bee	2.3	2.47	Hold
03/02/17	phillip	Ho Bee	2.26	2.64	Accumulate	RNAV (30% discount)
03/08/17	UOB Kay Hian	Ho Bee	2.32	2.82	Buy
03/13/17	Kim Eng	Ho Bee	2.35	2.47	Hold
03/13/17	UOB Kay Hian	Ho Bee	2.35	3.02	Buy
03/16/17	Kim Eng	Ho Bee	2.3	2.6	Hold
04/26/17	Kim Eng	Ho Bee	2.31	2.6	Hold	RNAV (36% discount)
04/27/17	phillip	Ho Bee	2.37	2.64	Accumulate	RNAV (30% discount)
05/29/17	Kim Eng	Ho Bee	2.36	3	Buy	RNAV (29% discount)
06/16/17	Kim Eng	Ho Bee	2.37	3	Buy
07/11/17	Kim Eng	Ho Bee	2.35	3	Buy
08/14/17	phillip	Ho Bee	2.32	2.98	Accumulate	RNAV (30% discount)
08/22/17	CIMB	Ho Bee	2.35	3.39	Add	RNAV (35% discount)
08/28/17	Kim Eng	Ho Bee	2.39	3	Buy
09/18/17	UOB Kay Hian	Ho Bee	2.32	3.02	Buy
09/25/17	Kim Eng	Ho Bee	2.36	3	Buy
11/10/17	phillip	Ho Bee	2.57	2.98	Accumulate	RNAV (30% discount)
11/17/17	Kim Eng	Ho Bee	2.53	3	Buy
12/01/17	UOB Kay Hian	Ho Bee	2.48	3.02	Buy
12/18/17	Kim Eng	Ho Bee	2.41	3	Buy
03/01/18	Kim Eng	Ho Bee	2.48	3.15	Buy	RNAV (30% discount)
03/02/18	phillip	Ho Bee	2.51	2.98	Accumulate	RNAV (30% discount)
04/11/18	Kim Eng	Ho Bee	2.54	3.15	Buy
04/27/18	Kim Eng	Ho Bee	2.54	3.3	Buy	RNAV (30% discount)
04/27/18	Lim & Tan	Ho Bee	2.54	0	Buy
04/30/18	phillip	Ho Bee	2.56	2.98	Accumulate	RNAV (30% discount)
06/05/18	UOB Kay Hian	Ho Bee	2.49	3.02	Buy
06/18/18	Lim & Tan	Ho Bee	2.37	0	Buy
06/20/18	Kim Eng	Ho Bee	2.36	3.3	Buy	RNAV (30% discount)
07/09/18	phillip	Ho Bee	2.3	2.98	Accumulate
07/09/18	Kim Eng	Ho Bee	2.3	3.05	Buy
08/14/18	phillip	Ho Bee	2.52	2.98	Accumulate	RNAV (30% discount)
08/16/18	CIMB	Ho Bee	2.57	2.9	Add
08/24/18	CIMB	Ho Bee	2.65	3	Add	RNAV (40% discount)
09/06/18	Kim Eng	Ho Bee	2.59	3.05	Buy
09/18/18	CIMB	Ho Bee	2.49	3	Add
10/02/18	CIMB	Ho Bee	2.59	3	Add

Stock calls for 12 October 2018

Date	Analyst	Company	Last	Target	Call	Valuation
10/12/18	UOB Kay Hian	Memtech	0.85	0.95	Hold	PER9.8x FY18, Buy @ $0.75
10/12/18	CIMB	SPH Reit	0.985	1.03	Hold	DDM
10/12/18	DBS Vickers	SPH Reit	0.985	1.04	Buy	DCF
10/12/18	OCBC	SPH Reit	0.985	0.99	Hold
10/12/18	Lim & Tan	SPH Reit	0.985	0	Hold

China's export is still powering ahead despite the US tariffs.

https://www.reuters.com/article/us-china-economy-trade/china-september-exports-surge-creating-record-surplus-with-u-s-despite-tariffs-idUSKCN1MM080

China's export is still surging despite the US tariffs.  This shows that the impact from the US tariffs is still not felt by the Chinese as the consequence is being mitigated by the RMB depreciation.

With the upcoming stimulus packages from the central government, the Chinese will be able to withstand the US tariffs.

The US is still trying to smear China.

https://sg.finance.yahoo.com/news/china-trying-sway-u-vote-poses-threat-officials-082849122.html

Despite falsely accusing China of implanting a small microchip as small as a grain of rice in some US servers and devices, the US is trying to accuse China of interfering in the US election now.

The US had discovered that it's impossible to discredit China based on the fraudulent microchip writeup through Bloomberg because of the insurmountable engineering feat of producing a 3-in-1 microchip.

http://sg-stock.blogspot.com/2018/10/the-us-is-embarking-on-anti-china.html

Therefore, the US has abandoned the spying story and moved on to the election story.

HMI - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/10/17	Amfraserss	HMI	0.645	0.84	Buy
02/13/17	Amfraserss	HMI	0.645	0.86	Buy	DCF, PER36x FY18
03/10/17	phillip	HMI	0.61	0.83	Buy	DCF
03/13/17	CIMB	HMI	0.635	0.81	Add	DCF
03/24/17	OCBC	HMI	0.64	0.8	Buy	DCF
04/20/17	OCBC	HMI	0.625	0.8	Buy
04/20/17	UOB Kay Hian	HMI	0.625	0.83	Buy	DCF
05/09/17	CIMB	HMI	0.615	0.81	Add	DCF
05/12/17	OCBC	HMI	0.605	0.8	Buy	DCF
05/15/17	Amfrasers	HMI	0.6	0.86	Buy	DCF, PER38x FY18
05/15/17	CIMB	HMI	0.6	0.83	Add	DCF
05/15/17	phillip	HMI	0.6	0.83	Buy	DCF, PER35x FY18
06/05/17	Kim Eng	HMI	0.63	0.84	Buy	DCF, PER35x FY18
06/08/17	OCBC	HMI	0.69	0.8	Buy
06/19/17	UOB Kay Hian	HMI	0.685	0.83	Buy	DCF
08/01/17	UOB Kay Hian	HMI	0.665	0.83	Buy	DCF
08/24/17	OCBC	HMI	0.65	0.8	Buy	DCF
08/25/17	Kim Eng	HMI	0.645	0.8	Buy	DCF
08/25/17	CIMB	HMI	0.645	0.83	Add	DCF
08/29/17	phillip	HMI	0.645	0.83	Buy	DCF
09/11/17	UOB Kay Hian	HMI	0.635	0.83	Buy	DCF
11/15/17	CIMB	HMI	0.715	0.83	Add	DCF
11/15/17	phillip	HMI	0.715	0.83	Buy	DCF
11/15/17	UOB Kay Hian	HMI	0.715	0.83	Buy	DCF
11/15/17	Kim Eng	HMI	0.715	0.8	Buy	DCF
01/08/18	CIMB	HMI	0.665	0.83	Add	DCF
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
05/11/18	phillip	HMI	0.645	0.83	Buy	DCF
05/11/18	UOB Kay Hian	HMI	0.645	0.83	Buy	DCF
05/16/18	Kim Eng	HMI	0.665	0.8	Buy
07/09/18	UOB Kay Hian	HMI	0.595	0.82	Buy	DCF
07/16/18	CIMB	HMI	0.58	0.8	Add
08/21/18	CIMB	HMI	0.575	0.8	Add
08/28/18	UOB Kay Hian	HMI	0.62	0.82	Buy	DCF
08/29/18	CIMB	HMI	0.61	0.79	Add	DCF
08/29/18	UOB Kay Hian	HMI	0.61	0.84	Buy	DCF
08/30/18	phillip	HMI	0.615	0.83	Buy	DCF

HLH - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/29/18	SAC	HLH	0.163	0.51	Buy	RNAV (40% discount), PB0.8x FY18

HL Global - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/21/17	Amfraserss	HL Global	0.395	0	Not Rated	Net-cash post divestment $0.65

Stock calls for 11 October 2018

Date	Analyst	Company	Last	Target	Call	Valuation
10/11/18	DBS Vickers	Bumitama	0.66	0.85	Buy	DCF
10/11/18	Kim Eng	Bumitama	0.66	0.98	Buy
10/11/18	UOB Kay Hian	Comfortdelgro	2.25	2.59	Buy	PER16.8x FY19
10/11/18	CIMB	Comfortdelgro	2.25	2.75	Add	DCF
10/11/18	DMG & Partners	CSE Global	0.475	0.59	Buy	DCF
10/11/18	Jefferies	DBS	24.95	31	Buy
10/11/18	DBS Vickers	First Resources	1.68	1.97	Buy	DCF
10/11/18	Kim Eng	First Resources	1.68	2	Buy
10/11/18	DBS Vickers	Golden Agri	0.255	0.33	Not Rated	DCF
10/11/18	DBS Vickers	Indofood Agri	0.215	0.21	Hold	DCF
10/11/18	DMG & Partners	Mindchamps	0.62	0.94	Buy
10/11/18	OCBC	Netlink	0.785	0.9	Buy
10/11/18	Jefferies	OCBC	10.95	14	Buy
10/11/18	Lim & Tan	Sembcorp Industries	2.95	0	Buy
10/11/18	DMG & Partners	Singtel	3.14	3.7	Buy
10/11/18	Jefferies	UOB	25.88	34	Buy
10/11/18	DBS Vickers	Wilmar	3.14	3.59	Buy	DCF

The stock market rout is caused by the technology sector.

https://sg.news.yahoo.com/huawei-unveils-chips-boost-cloud-computing-shanghai-conference-022643629--finance.html

The Dow fell 831 points last night.  The Asian indices are falling like hell now!

What's the trigger point for the onslaught?

The trigger point is the structural reform in the technology sector in China.  After Huawei announced its AI chips for its servers, the announcement dawned on investors and me that the technological structural reform in China would kick out the US chips in the future because China-made electronics products like laptops, servers, smart devices, etc will be using China chips.  Consequently, the US chips makers will suffer as they will lose the world's largest market.

The stock analysts will have to scale back their technology stock valuations as this is not factored in their analyses.  Many tech stocks will get downgraded soon.

Watch out for the tech stocks now!

Hot News! Indonesia earthquake will cause death toll to exceed 7,000.

https://www.news.com.au/world/asia/missing-toll-soars-to-5000-in-engulfed-indonesia-quake-neighbourhoods/news-story/1306f0094870dbe1f7457e4ba42bc361

Liquefaction landslide wiped out the entire village in Indonesia!

Huawei will stop using Intel chips.

https://sg.news.yahoo.com/huawei-unveils-chips-boost-cloud-computing-shanghai-conference-022643629--finance.html

The US has caused Intel to lose a major client, Huawei, because of security concerns.  This has caused Huawei to develop its own chipsets to power its devices.  Huawei will not sell these chips to 3rd parties because it wants to satisfy its own internal demand first.

The US technology companies will lose a lot of businesses in China because China technology firms will start using its own locally produced chips.

Hi-P - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/23/17	DBS Vickers	Hi-P	0.88	1.07	Buy	PER12x FY18
06/16/17	DBS Vickers	Hi-P	0.935	1.07	Buy
08/07/17	DBS Vickers	Hi-P	1.19	1.45	Buy	PER13x
10/03/17	DBS Vickers	Hi-P	1.405	1.67	Buy	PER13.2x FY18
11/08/17	DBS Vickers	Hi-P	1.93	2.3	Buy	PER15.4x FY18
12/06/17	DBS Vickers	Hi-P	1.61	2.3	Buy
12/21/17	Kim Eng	Hi-P	1.75	2.11	Buy	PB3.4x FY17, PER13.6x FY18, PEG0.7x
02/15/18	Kim Eng	Hi-P	1.92	2.43	Buy	PB3.2x FY18
02/15/18	DBS Vickers	Hi-P	1.92	2.48	Buy	PER14.4x FY18
04/03/18	DBS Vickers	Hi-P	2.17	2.48	Buy
04/27/18	DBS Vickers	Hi-P	1.8	1.88	Hold	PER13.3x FY18
05/03/18	DBS Vickers	Hi-P	1.69	1.8	Hold	PER13.3x FY18
05/03/18	Lim & Tan	Hi-P	1.69	0	Sell
05/04/18	Kim Eng	Hi-P	1.57	1.45	Hold	PB2x
08/02/18	DBS Vickers	Hi-P	1.27	1.21	Hold	PER11.2x FY18/19
08/03/18	Kim Eng	Hi-P	1.15	1.27	Hold	PB
10/03/18	DBS Vickers	Hi-P	1	1.3	Buy	PER12x FY19