China has been preparing to bypass the Strait of Malacca and Singapore for many years because Singapore has a US naval port. The purpose of establishing a US naval port in Singapore is to control the Strait of Malacca in times of conflict with China as this will stop any critical supplies shipping to China.
However, China has broken through this US-SG containment with some overseas ports near SG.
China's strategic ports that are used to bypass SG:
Myanmar port
http://sg-stock.blogspot.com/2018/11/china-and-myanmar-have-signed-port-deal.html
This port is primarily used to transport oil from the middle east to China as it has an oil pipeline that is connected to China. However, it can also be used to transport essential goods if the Strait of Malacca is blocked by the US navy.
Pakistan port
http://sg-stock.blogspot.com/2016/11/china-gave-singapore-stern-warning-again.html
This port is primarily used to transport oil from the middle east to China because it has an oil pipeline that is connected to China.
Melaka Gateway
http://sg-stock.blogspot.com/2018/07/malaysian-suspension-of-its-ecrl-will.html
This port is primarily used to replace SG port. However, Malaysia has cancelled the ECRL which will render the Melaka Gateway useless. Therefore, China will focus on Myanmar port now and this also explains the rationale behind the recent port agreement with Myanmar.
http://sg-stock.blogspot.com/2018/11/china-and-myanmar-have-signed-port-deal.html
Cambodia port
https://sg-stock.blogspot.com/2016/11/china-cambodia-port-is-going-to-start.html
This port can be easily turned into a China military port to provide logistic and supplies support to China navy in times of crisis.
Singapore must understand the predicament it is facing because we're being surrounded by China's strategic ports. This predicament arose because we allowed the US navy and spy plane to be stationed in SG. If we continue to be anti-China, China can skin us further by reducing our economic growth.
Saturday, November 10, 2018
China and Myanmar have signed a port deal after years of negotiation.
http://www.mizzima.com/article/china-myanmar-sign-port-deal-after-years-negotiations
This port is a very strategic port to China because China can bypass the strait of Malacca and Singapore.
China has managed to resolve the previous port conflict between Myanmar and China.
http://sg-stock.blogspot.com/2017/05/china-will-take-control-of-myanmar-port.html
This port is a very strategic port to China because China can bypass the strait of Malacca and Singapore.
China has managed to resolve the previous port conflict between Myanmar and China.
http://sg-stock.blogspot.com/2017/05/china-will-take-control-of-myanmar-port.html
Huawei is working on its Kirin 990 chip now.
https://sg.news.yahoo.com/huawei-testing-kirin-990-chip-may-debut-q1-080205772.html
After launching Huawei's kirin 980 chips, it has moved on to develop its kirin 990.
China firms are working hard to develop its own semiconductor industry to reduce its dependence on foreign chips makers.
As stated previously, the global semiconductor slowdown is permanent since the largest market is China.
http://sg-stock.blogspot.com/2018/10/the-global-semiconductor-slowdown-is.html
After launching Huawei's kirin 980 chips, it has moved on to develop its kirin 990.
China firms are working hard to develop its own semiconductor industry to reduce its dependence on foreign chips makers.
As stated previously, the global semiconductor slowdown is permanent since the largest market is China.
http://sg-stock.blogspot.com/2018/10/the-global-semiconductor-slowdown-is.html
Baltic dry index - 1147
Today, Friday, November 9 2018, the Baltic Dry Index decreased by 84 points, reaching 1147 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 - 1081
The US drilling rig count is up 14 units to 1,081 rigs working for the week ended Nov. 9, according to Baker Hughes data. The count is up 174 units from the 907 rigs working this time a year ago.
At 1,057 rigs working, 11 more units were drilling on land week-over-week. Offshore units were up 3 to 21 rigs working, while those drilling in inland waters remained unchanged at 3 rigs working for the week.
US oil-directed rigs were up 12 units from last week to 886 units working, and up from the 738 rigs drilling for oil this week a year ago. Gas-directed rigs were up 2 at 195 units, and up from the 169 units drilling for gas a year ago.
Among the major oil and gas-producing states, Oklahoma and New Mexico saw the largest increases in rigs for the week with 4-unit gains each to reach 148 and 106 rigs running, respectively.
Louisiana increased its rig count by 3 to 65. Pennsylvania and Colorado each gained 2 units to reach 45 and 34 working rigs, respectively. North Dakota, 55, and Alaska, 6, were both up a single rig for the week.
Three states were unchanged this week: Wyoming, 30; West Virginia, 13; and California, 15.
Three states saw a single-rig drop: Texas, 532; Ohio, 17; and Utah, 5.
Canada lost 2 rigs for the week. With 196 rigs running, the count is less than the 203 units drilling this week a year ago. Canada dropped 4 oil-directed rigs to reach 117 units for the week but gained a pair of gas-directed rig to reach 79 units.
=========================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, November 9, 2018
Noble - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/14/17 | Credit Suisse | Noble | 0.197 | 0.21 | Neutral | |
02/28/17 | DBS Vickers | Noble | 0.23 | 0.23 | Hold | PB1x |
05/12/17 | Credit Suisse | Noble | 0.87 | 0.8 | Neutral | |
05/12/17 | DBS Vickers | Noble | 0.87 | 0.94 | Hold | Stock consol 10-into-1 |
05/12/17 | Macquarie | Noble | 0.87 | 0.7 | Underperform | Cut from $1.40 |
08/03/17 | Iceberg Research | Noble | 0.395 | 0 | Sell | Bankruptcy alert |
08/17/17 | Lim & Tan | Noble | 0.435 | 0 | Sell/Avoid | Bankruptcy alert |
11/21/17 | Lim & Tan | Noble | 0.193 | 0 | Avoid | |
03/01/18 | Lim & Tan | Noble | 0.172 | 0 | Avoid | Suspension alert |
04/06/18 | Lim & Tan | Noble | 0.067 | 0 | Avoid |
Netlink - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/20/17 | DIR | Netlink | 0.81 | 0.97 | Buy | DCF |
08/01/17 | Deutsche | Netlink | 0.815 | 0.95 | Buy | DCF |
08/29/17 | DBS Vickers | Netlink | 0.81 | 0.95 | Buy | DCF |
08/29/17 | UOB Kay Hian | Netlink | 0.81 | 0.93 | Buy | DCF |
09/25/17 | UOB Kay Hian | Netlink | 0.825 | 0.93 | Buy | |
09/28/17 | DIR | Netlink | 0.825 | 0.97 | Buy | DCF |
11/10/17 | DBS Vickers | Netlink | 0.825 | 0.95 | Buy | DCF |
11/13/17 | UOB Kay Hian | Netlink | 0.825 | 0.93 | Buy | DCF |
01/12/18 | UOB Kay Hian | Netlink | 835 | 0.93 | Buy | |
01/26/18 | DBS Vickers | Netlink | 0.83 | 0.95 | Buy | DCF |
02/07/18 | UOB Kay Hian | Netlink | 0.82 | 0.93 | Buy | DCF |
02/07/18 | DBS Vickers | Netlink | 0.82 | 0.97 | Buy | DCF |
03/12/18 | UOB Kay Hian | Netlink | 0.82 | 0.93 | Buy | |
03/14/18 | OCBC | Netlink | 0.82 | 0.91 | Buy | DDM |
05/15/18 | OCBC | Netlink | 0.815 | 0.91 | Buy | |
05/16/18 | OCBC | Netlink | 0.82 | 0.9 | Buy | |
05/16/18 | DBS Vickers | Netlink | 0.82 | 0.97 | Buy | DCF |
07/02/18 | DBS Vickers | Netlink | 0.74 | 0.87 | Buy | DCF |
08/07/18 | OCBC | Netlink | 0.78 | 0.9 | Buy | |
08/07/18 | DBS Vickers | Netlink | 0.78 | 0.87 | Buy | |
09/10/18 | Kim Eng | Netlink | 0.785 | 0.93 | Buy | DDM |
09/17/18 | UOB Kay Hian | Netlink | 0.785 | 0.95 | Buy | DCF |
10/02/18 | DBS Vickers | Netlink | 0.785 | 0.87 | Buy | |
10/11/18 | OCBC | Netlink | 0.785 | 0.9 | Buy | |
10/26/18 | Kim Eng | Netlink | 0.78 | 0.93 | Buy | |
11/05/18 | DBS Vickers | Netlink | 0.775 | 0.87 | Buy | |
11/07/18 | Kim Eng | Netlink | 0.78 | 0.93 | Buy | DDM |
11/07/18 | OCBC | Netlink | 0.78 | 0.9 | Buy |
Nera Telecom - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/22/17 | Lim & Tan | Nera Telecom | 0.435 | 0 | Sell | |
05/05/17 | Lim & Tan | Nera Telecom | 0.39 | 0 | Hold | |
08/07/17 | Lim & Tan | Nera Telecom | 0.39 | 0 | Hold |
Stock calls for 9 November 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
11/09/18 | phillip | China Sunsine | 1.08 | 1.68 | Buy | FCFE |
11/09/18 | UOB Kay Hian | City Developments | 8.42 | 12.12 | Buy | RNAV (15% discount) |
11/09/18 | CIMB | City Developments | 8.42 | 10.65 | Add | RNAV (35% discount) |
11/09/18 | Lim & Tan | City Developments | 8.42 | 0 | Buy | |
11/09/18 | DMG & Partners | City Developments | 8.42 | 9.2 | Neutral | |
11/09/18 | UOB Kay Hian | Comfortdelgro | 2.2 | 2.59 | Buy | PER16.9x FY19 |
11/09/18 | DMG & Partners | CSE Global | 0.455 | 0.59 | Buy | DCF |
11/09/18 | Kim Eng | Genting | 0.89 | 1.29 | Buy | EV/Ebitda10x FY18 |
11/09/18 | DMG & Partners | Genting | 0.89 | 1.42 | Buy | |
11/09/18 | CIMB | Genting | 0.89 | 1.28 | Add | EV/Ebitda10x FY19 |
11/09/18 | OCBC | Genting | 0.89 | 1.39 | Buy | FCFE |
11/09/18 | DBS Vickers | Hi-P | 0.85 | 0.8 | Hold | PER10x FY19 |
11/09/18 | UOB Kay Hian | Ho Bee | 2.5 | 2.79 | Buy | RNAV (30% discount) |
11/09/18 | DMG & Partners | Japan Foods | 0.455 | 0.48 | Neutral | |
11/09/18 | CIMB | Memtech | 0.745 | 1.1 | Add | PER8x FY19 |
11/09/18 | Lim & Tan | Memtech | 0.745 | 0 | Buy | |
11/09/18 | OCBC | OUE Commercial | 0.475 | 0.48 | Hold | |
11/09/18 | OCBC | OUE Hospitality | 0.69 | 0.79 | Buy | |
11/09/18 | DBS Vickers | Perennial Reit | 0.685 | 0.83 | Buy | RNAV (55% discount) |
11/09/18 | phillip | SATS | 5.11 | 5.47 | Accumulate | DCF, PER24.3x FY19 |
11/09/18 | OCBC | SATS | 5.11 | 5.39 | Hold | |
11/09/18 | CIMB | SATS | 5.11 | 5.06 | Hold | PER20x CY19 |
11/09/18 | Kim Eng | SIA | 9.65 | 9.8 | Hold | PB0.82x FY20 |
11/09/18 | DBS Vickers | Singtel | 3.08 | 3.59 | Buy | Sum of parts |
11/09/18 | UOB Kay Hian | Singtel | 3.08 | 3.9 | Buy | DCF |
11/09/18 | Kim Eng | Singtel | 3.08 | 3.39 | Hold | DCF |
11/09/18 | OCBC | Singtel | 3.08 | 3.95 | Buy | |
11/09/18 | CIMB | Singtel | 3.08 | 3.4 | Add | Sum of parts |
11/09/18 | DMG & Partners | Singtel | 3.08 | 3.22 | Neutral | |
11/09/18 | DMG & Partners | Talkmed | 0.62 | 0.64 | Neutral | |
11/09/18 | Lim & Tan | UOB Kay Hian | 1.23 | 0 | Buy | |
11/09/18 | UOB Kay Hian | Yangzijiang | 1.32 | 1.36 | Hold | PB0.9x FY19 |
Solar panel energy is an overhyped technology.
https://www.straitstimes.com/business/singapores-largest-offshore-floating-solar-panel-system-to-be-built-along-straits-of-johor
The proponents are completely avoiding the disclosure of the chemical toxins in the production and disposal of the solar panels because of their singularity mindset of reducing carbon emission. However, it is wrong to replace carbon emission with other environmental pollution.
https://sciencing.com/toxic-chemicals-solar-panels-18393.html
The solar panels have to be replaced every 15-20 years and they can only get an average of about 2-4hr of good solar energy everyday. The safe disposal of the solar panels is a big problem when we use solar energy because those panels will pollute our land since the chemical materials are very toxic.
If we burn the disposed solar panels, we're creating air pollution. If we bury them, we're creating land pollution and underground water pollution.
The proponents are completely avoiding the disclosure of the chemical toxins in the production and disposal of the solar panels because of their singularity mindset of reducing carbon emission. However, it is wrong to replace carbon emission with other environmental pollution.
https://sciencing.com/toxic-chemicals-solar-panels-18393.html
The solar panels have to be replaced every 15-20 years and they can only get an average of about 2-4hr of good solar energy everyday. The safe disposal of the solar panels is a big problem when we use solar energy because those panels will pollute our land since the chemical materials are very toxic.
If we burn the disposed solar panels, we're creating air pollution. If we bury them, we're creating land pollution and underground water pollution.
Thursday, November 8, 2018
China's exports soared in October in spite of the trade war.
https://www.caixinglobal.com/2018-11-08/who-to-watch-among-the-younger-generation-of-central-bank-officials-101344415.html
This good China economic growth will definitely piss Trump.
Hahaha!
This good China economic growth will definitely piss Trump.
Hahaha!
Neo Group - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/03/17 | DMG & Partners | Neo Group | 0.62 | 0.8 | Buy | |
02/10/17 | DMG & Partners | Neo Group | 0.575 | 0.61 | Neutral | DCF |
03/29/17 | DMG & Partners | Neo Group | 0.585 | 0.61 | Neutral | DCF |
05/26/17 | DMG & Partners | Neo Group | 0.57 | 0.62 | Neutral | |
08/10/17 | DMG & Partners | Neo Group | 0.68 | 0.64 | Neutral | PER21x FY18 |
11/14/17 | DMG & Partners | Neo Group | 0.66 | 0.64 | Neutral | PER21x FY18 |
02/09/18 | DMG & Partners | Neo Group | 0.67 | 0.67 | Neutral |
Nam Lee - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/06/17 | Phillip | Nam Lee | 0.37 | 0.52 | Buy | DCF |
05/17/17 | Phillip | Nam Lee | 0.355 | 0.52 | Buy | DCF, PER12.4x FY17 |
08/16/17 | Phillip | Nam Lee | 0.37 | 0.51 | Buy | DCF, PER11.5x FY17 |
11/29/17 | Phillip | Nam Lee | 0.395 | 0.56 | Buy | DCF, PER11.1x FY18, PB0.96x FY18 |
02/12/18 | Phillip | Nam Lee | 0.38 | 0.56 | Buy | DCF, PER11.1x FY18, PB0.96x FY18 |
05/07/18 | Phillip | Nam Lee | 0.37 | 0.56 | Buy | DCF, PER11.9x FY18, PB0.97x FY18 |
08/08/18 | Phillip | Nam Lee | 0.365 | 0.51 | Buy | DCF, PER10.5x FY18, PB0.88x FY18 |
Nam Cheong - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/01/17 | DBS Vickers | Nam Cheong | 0.055 | 0.04 | Fully Valued | PB0.2x |
07/20/17 | Lim & Tan | Nam Cheong | 0.021 | 0 | Avoid |
Stock calls for 8 November 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
11/08/18 | UOB Kay Hian | A-Reit | 2.54 | 3.01 | Buy | |
11/08/18 | UOB Kay Hian | CapitaCommercial | 1.69 | 2 | Buy | |
11/08/18 | UOB Kay Hian | Capitaland | 3.14 | 3.78 | Buy | |
11/08/18 | CIMB | China Sunsine | 1.04 | 1.41 | Add | PER7.7x FY19 |
11/08/18 | DBS Vickers | Chip Eng Seng | 0.725 | 0.75 | Hold | Sum of parts |
11/08/18 | Deutsche | Comfortdelgro | 2.36 | 1.7 | Sell | PER12x FY19 |
11/08/18 | CIMB | CSE Global | 0.455 | 0.5 | Add | PER13.5x FY19 |
11/08/18 | Lim & Tan | CSE Global | 0.455 | 0 | Buy | |
11/08/18 | Macquarie | DBS | 23.77 | 27 | Neutral | |
11/08/18 | phillip | DBS | 23.77 | 29.02 | Buy | GGM, PB1.5x FY19 |
11/08/18 | CIMB | Frasers Logistics | 1.05 | 1.19 | Add | DDM |
11/08/18 | OCBC | Frasers Logistics | 1.05 | 1.19 | Buy | |
11/08/18 | UOB Kay Hian | Genting | 0.915 | 1.38 | Buy | |
11/08/18 | UOB Kay Hian | Golden Agri | 0.26 | 0.16 | Sell | |
11/08/18 | UOB Kay Hian | Japfa | 0.715 | 0.98 | Buy | |
11/08/18 | CIMB | OUE Hospitality | 0.685 | 0.82 | Add | DDM |
11/08/18 | DMG & Partners | OUE Hospitality | 0.685 | 0.8 | Buy | |
11/08/18 | DBS Vickers | OUE Hospitality | 0.685 | 0.85 | Buy | |
11/08/18 | UOB Kay Hian | SATS | 4.99 | 6.1 | Buy | |
11/08/18 | phillip | Sembcorp Industries | 2.67 | 3.6 | Buy | Sum of parts |
11/08/18 | Lim & Tan | Sembcorp Industries | 2.67 | 0 | Hold | |
11/08/18 | DMG & Partners | Singapore Medical | 0.41 | 0.56 | Buy | DCF |
11/08/18 | OCBC | Yangzijiang | 1.29 | 1.41 | Buy | |
11/08/18 | CIMB | Yangzijiang | 1.29 | 1.37 | Add | Sum of parts |
Look like Trump and Xi won't reach a truce in the upcoming G20 summit.
https://sg.finance.yahoo.com/news/u-impose-duties-chinese-aluminum-sheet-products-052248114--finance.html
Trump is still trying to antagonize China prior to the G20 summit and this won't bode well for the trade talk between these 2 nations.
There is a high chance that there is no trade deal between US & China in November and the trade war will continue.
Trump is still trying to antagonize China prior to the G20 summit and this won't bode well for the trade talk between these 2 nations.
There is a high chance that there is no trade deal between US & China in November and the trade war will continue.
Wednesday, November 7, 2018
Moya - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
09/04/17 | DMG & Partners | Moya Asia | 0.118 | 0.17 | Buy | DCF, PER13.8x FY18 |
11/14/17 | DMG & Partners | Moya Asia | 0.101 | 0.17 | Buy | DCF |
01/24/18 | DMG & Partners | Moya Asia | 0.098 | 0.17 | Buy | |
02/09/18 | DMG & Partners | Moya Asia | 0.091 | 0.17 | Buy | DCF |
03/02/18 | DMG & Partners | Moya Asia | 0.091 | 0.15 | Buy | DCF, PER15x FY18 |
04/09/18 | DMG & Partners | Moya Asia | 0.099 | 0.15 | Buy | DCF |
05/02/18 | DMG & Partners | Moya Asia | 0.1 | 0.15 | Buy | DCF |
06/05/18 | DMG & Partners | Moya Asia | 0.087 | 0.14 | Buy | DCF |
08/07/18 | DMG & Partners | Moya Asia | 0.092 | 0.13 | Buy | DCF |
09/26/18 | DMG & Partners | Moya Asia | 0.083 | 0.13 | Buy | |
11/05/18 | DMG & Partners | Moya Asia | 0.07 | 0.11 | Buy | DCF |
MM2 Asia - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/11/17 | DBS Vickers | MM2 Asia | 0.49 | 0.56 | Buy | |
04/07/17 | CIMB | MM2 Asia | 0.5 | 0.6 | Add | Sum of parts, PER22.6x FY18 |
04/13/17 | DBS Vickers | MM2 Asia | 0.5 | 0.63 | Buy | Sum of parts |
05/23/17 | DBS Vickers | MM2 Asia | 0.575 | 0.63 | Buy | Sum of parts |
05/24/17 | DBS Vickers | MM2 Asia | 0.585 | 0.7 | Buy | Sum of parts |
05/25/17 | CIMB | MM2 Asia | 0.585 | 0.65 | Add | Sum of parts |
06/14/17 | CIMB | MM2 Asia | 0.62 | 0.72 | Add | Sum of parts |
06/14/17 | DBS Vickers | MM2 Asia | 0.62 | 0.7 | Buy | |
07/20/17 | DBS Vickers | MM2 Asia | 0.59 | 0.75 | Buy | Sum of parts |
07/25/17 | CIMB | MM2 Asia | 0.525 | 0.58 | Hold | Sum of parts |
08/14/17 | DBS Vickers | MM2 Asia | 0.465 | 0.6 | Buy | Sum of parts |
08/17/17 | CIMB | MM2 Asia | 0.475 | 0.58 | Add | Sum of parts |
11/02/17 | DBS Vickers | MM2 Asia | 0.58 | 0.73 | Buy | Sum of parts |
11/06/17 | CIMB | MM2 Asia | 0.55 | 0.76 | Add | Sum of parts |
12/20/17 | CIMB | MM2 Asia | 0.52 | 0.76 | Add | |
01/05/18 | DBS Vickers | MM2 Asia | 0.545 | 0.73 | Buy | |
02/07/18 | CIMB | MM2 Asia | 0.49 | 0.76 | Add | |
02/08/18 | DBS Vickers | MM2 Asia | 0.495 | 0.75 | Buy | Sum of parts |
03/05/18 | CIMB | MM2 Asia | 0.47 | 0.76 | Add | |
03/15/18 | CIMB | MM2 Asia | 0.505 | 0.74 | Add | Sum of parts |
04/06/18 | CIMB | MM2 Asia | 0.49 | 0.74 | Add | |
04/23/18 | Kim Eng | MM2 Asia | 0.495 | 0.56 | Buy | |
05/30/18 | DBS Vickers | MM2 Asia | 0.495 | 0.7 | Buy | Sum of parts |
06/05/18 | CIMB | MM2 Asia | 0.485 | 0.72 | Add | Sum of parts |
08/15/18 | DBS Vickers | MM2 Asia | 0.42 | 0.62 | Buy | Sum of parts |
08/16/18 | CIMB | MM2 Asia | 0.42 | 0.72 | Add | Sum of parts |
08/20/18 | Kim Eng | MM2 Asia | 0.42 | 0.57 | Buy | PEG |
09/14/18 | CIMB | MM2 Asia | 0.365 | 0.72 | Add |
MIT - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/03/17 | Kim Eng | MIT | 0.245 | 0.32 | Not Rated | PB1.6x |
11/22/17 | Lim & Tan | MIT | 0.245 | 0.32 | Buy | PER8x FY18 |
01/03/18 | Lim & Tan | MIT | 0.26 | 0 | Buy | |
07/19/18 | Lim & Tan | MIT | 0.33 | 0.456 | Buy |
Mindchamps - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
04/05/18 | Amfrasers | Mindchamps | 0.74 | 0.86 | Buy | DCF, PER23.2x FY18 |
04/23/18 | DMG & Partners | Mindchamps | 0.815 | 0.95 | Buy | EV/Ebitda19x & DCF |
04/27/18 | DMG & Partners | Mindchamps | 0.815 | 1 | Buy | EV/Ebitda19x & DCF |
05/09/18 | DMG & Partners | Mindchamps | 0.795 | 1 | Buy | EV/Ebitda19x & DCF |
05/15/18 | Amfrasers | Mindchamps | 0.78 | 0.86 | Buy | PER23.2x FY18 |
08/07/18 | DMG & Partners | Mindchamps | 0.67 | 1 | Buy | |
08/14/18 | Amfrasers | Mindchamps | 0.705 | 0.86 | Buy | DCF, PER22.6x FY18 |
08/21/18 | DMG & Partners | Mindchamps | 0.7 | 0.94 | Buy | |
10/11/18 | DMG & Partners | Mindchamps | 0.62 | 0.94 | Buy |
Midas - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/01/17 | OCBC | Midas | 0.26 | 0.255 | Hold | PB0.6x FY17 |
03/02/17 | DBS Vickers | Midas | 0.245 | 0.36 | Buy | |
04/10/17 | DBS Vickers | Midas | 0.225 | 0.36 | Buy | |
04/11/17 | OCBC | Midas | 0.23 | 0.255 | Hold | |
05/18/17 | OCBC | Midas | 0.225 | 0.245 | Hold | PB0.6x FY17 |
05/23/17 | DBS Vickers | Midas | 0.225 | 0.36 | Buy | |
08/16/17 | OCBC | Midas | 0.215 | 0.225 | Hold | PB0.5x FY17 |
08/16/17 | DBS Vickers | Midas | 0.215 | 0.36 | Buy | PB0.8x |
11/14/17 | OCBC | Midas | 0.215 | 0.225 | Hold |
Stock calls for 7 November 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
11/07/18 | DBS Vickers | Breadtalk | 0.925 | 0.98 | Hold | Sum of parts |
11/07/18 | DMG & Partners | Breadtalk | 0.925 | 0.75 | Sell | Sum of parts |
11/07/18 | phillip | Dasin Retail | 0.86 | 0.95 | Accumulate | DDM |
11/07/18 | CIMB | DBS | 24 | 27 | Hold | GGM, PB1.44x FY19 |
11/07/18 | OCBC | DBS | 24 | 30.83 | Buy | GGM, PB1.5x |
11/07/18 | DMG & Partners | DBS | 24 | 29.8 | Buy | |
11/07/18 | Jefferies | DBS | 24 | 29.5 | Buy | PER12.5x FY19 |
11/07/18 | phillip | EC World Reit | 0.685 | 0.82 | Buy | DDM |
11/07/18 | UOB Kay Hian | Manulife US Reit | 0.76 | 1.07 | Buy | DDM |
11/07/18 | DBS Vickers | Manulife US Reit | 0.76 | 0.88 | Buy | DCF |
11/07/18 | Kim Eng | Netlink | 0.78 | 0.93 | Buy | DDM |
11/07/18 | OCBC | Netlink | 0.78 | 0.9 | Buy | |
11/07/18 | UOB Kay Hian | Singapore Medical | 0.4 | 0.74 | Buy | |
11/07/18 | CIMB | Singtel | 3.17 | 3.7 | Add | Sum of parts |
11/07/18 | CIMB | Starhub | 1.96 | 2 | Hold | DCF |
11/07/18 | Kim Eng | Starhub | 1.96 | 2.21 | Buy |
Tuesday, November 6, 2018
The more the US tries to hurt China, the more it will hurt itself. Why?
The US doesn't realize that its economy and China's economy are deeply intertwined in this globalization era.
The US imports a lot of China goods and causes China to accumulate a lot of USD in which China uses to purchase the US treasuries as there is no other financial market to absorb the huge quantity of USD investments. This is the rationale behind China being the largest foreign owner of US treasuries. However, the largest owner of the US treasuries is actually the US FED. This financial connection between the US and China has been working well because the US government can continue to finance its huge deficit to boost the US economy as China will always be a substantial buyer. Alas, all good things must come to an end and Trump is the president who will try to end this with his warped economic concepts.
Trump is trying to punish China by destroying China's economy with punitive tariffs. If China economic growth starts to slow down steeply, there will be capital flights and this will cause the Chinese yuan to depreciate faster. In order to stabilize China's economy, the Chinese government will need to buy the Chinese yuan by selling the USD. As there is a shortage of USD in the global market now including China, China will be forced to sell its US treasuries to get USD to buy the Chinese yuan. Subsequently, this will cause US interest rates to go up tremendously and saddle the US with higher interests.
Furthermore, China will also buy lesser US treasuries when its coffers are no longer as well stocked as before. This will definitely increase the difficulties for the US government to raise fund as there is no other substantial buyer like China.
http://sg-stock.blogspot.com/2018/10/usd-has-supply-shortage-now.html
The US government also tries to curb China's technological industry. However, this will only prompt China to develop and ramp up its own chips production faster, thereby, causing future chip sales losses in foreign chips manufacturers. In the end, the US chips industry will suffer.
http://sg-stock.blogspot.com/2018/10/the-global-semiconductor-slowdown-is.html
I've only stated some simplistic relationship between the US and China for our viewers to understand but the connection is more deeply ingrained.
The US imports a lot of China goods and causes China to accumulate a lot of USD in which China uses to purchase the US treasuries as there is no other financial market to absorb the huge quantity of USD investments. This is the rationale behind China being the largest foreign owner of US treasuries. However, the largest owner of the US treasuries is actually the US FED. This financial connection between the US and China has been working well because the US government can continue to finance its huge deficit to boost the US economy as China will always be a substantial buyer. Alas, all good things must come to an end and Trump is the president who will try to end this with his warped economic concepts.
Trump is trying to punish China by destroying China's economy with punitive tariffs. If China economic growth starts to slow down steeply, there will be capital flights and this will cause the Chinese yuan to depreciate faster. In order to stabilize China's economy, the Chinese government will need to buy the Chinese yuan by selling the USD. As there is a shortage of USD in the global market now including China, China will be forced to sell its US treasuries to get USD to buy the Chinese yuan. Subsequently, this will cause US interest rates to go up tremendously and saddle the US with higher interests.
Furthermore, China will also buy lesser US treasuries when its coffers are no longer as well stocked as before. This will definitely increase the difficulties for the US government to raise fund as there is no other substantial buyer like China.
http://sg-stock.blogspot.com/2018/10/usd-has-supply-shortage-now.html
The US government also tries to curb China's technological industry. However, this will only prompt China to develop and ramp up its own chips production faster, thereby, causing future chip sales losses in foreign chips manufacturers. In the end, the US chips industry will suffer.
http://sg-stock.blogspot.com/2018/10/the-global-semiconductor-slowdown-is.html
I've only stated some simplistic relationship between the US and China for our viewers to understand but the connection is more deeply ingrained.
What's at stakes for the US mid-term election in November?
The US politicians are struggling to gain control of the house and the Senate in the mid-term November election.
Currently, the analysts are expecting the Democrats to win the House while the Republicans will retain the Senate control. If this happens, the US will be in a gridlock and nothing bad will happen to the stock market as the US has been through a political gridlock numerous times.
However, the other negative scenario will be either party gains control of both the House and the Senate. If Trump gains control of the two, he will continue to pursue his "American First" policies more aggressively which include protectionism and unilateralism. If the Democrats gain control of the two, Trump will be encountering a political impasse and he will just become a useless President because the Senate and the House will reject and terminate his policies. Either way, this will cause a lot of stock market volatilities.
Monday, November 5, 2018
Micro-Mechanics - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
09/22/17 | Phillip | Micro-Mechanics | 1.545 | 2 | Buy | PER15x FY18 |
10/31/17 | Phillip | Micro-Mechanics | 2.03 | 2.5 | Buy | PER16x FY18 |
01/31/18 | Phillip | Micro-Mechanics | 2.35 | 2.5 | Accumulate | |
05/02/18 | Phillip | Micro-Mechanics | 1.82 | 2.3 | Buy | PER17x FY18 |
07/16/18 | Phillip | Micro-Mechanics | 1.82 | 2.3 | Buy | |
08/29/18 | Phillip | Micro-Mechanics | 1.83 | 2.3 | Buy | PER17x |
11/01/18 | Phillip | Micro-Mechanics | 1.8 | 2.05 | Buy | PER16x FY19 |
Metro - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
05/30/17 | Lim & Tan | Metro | 1.17 | 0 | Hold | |
05/25/18 | Lim & Tan | Metro | 1.17 | 0 | Hold |
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