Date | Analyst | Company | Last | Target | Call | Valuation |
01/03/17 | DMG & Partners | OCBC | 8.92 | 8.81 | Neutral | |
01/03/17 | UOB Kay Hian | OCBC | 8.92 | 10.45 | Buy | |
01/04/17 | Kim Eng | OCBC | 8.98 | 7.4 | Sell | |
01/06/17 | UOB Kay Hian | OCBC | 9.18 | 10.65 | Buy | GGM, PB1.2x FY17 |
01/11/17 | DIR | OCBC | 9.35 | 11 | Buy | |
01/11/17 | UBS | OCBC | 9.35 | 10.3 | Buy | |
02/02/17 | Lim & Tan | OCBC | 9.48 | 0 | Hold | |
02/03/17 | CIMB | OCBC | 9.45 | 8.18 | Reduce | |
02/06/17 | Macquarie | OCBC | 9.42 | 10 | Outperform | |
02/08/17 | UOB Kay Hian | OCBC | 9.66 | 10.65 | Buy | |
02/14/17 | Lim & Tan | OCBC | 9.75 | 0 | Take profit/Sell | Buy @ $8.49 |
02/15/17 | CIMB | OCBC | 9.43 | 8.83 | Reduce | GGM, PB0.98x CY17 |
02/15/17 | Credit Suisse | OCBC | 9.43 | 10.5 | Outperform | |
02/15/17 | DBS Vickers | OCBC | 9.43 | 10.3 | Hold | GGM, PB1.1x FY17 |
02/15/17 | DIR | OCBC | 9.43 | 11 | Buy | GGM, PB1.23x |
02/15/17 | DMG & Partners | OCBC | 9.43 | 8.9 | Neutral | GGM, PB1x FY17 |
02/15/17 | Kim Eng | OCBC | 9.43 | 8.05 | Sell | PB0.9x FY17 |
02/15/17 | UOB Kay Hian | OCBC | 9.43 | 10.75 | Buy | GGM, PB1.19x FY17 |
02/16/17 | phillip | OCBC | 9.45 | 8.48 | Reduce | PB0.95x FY17 |
03/02/17 | UOB Kay Hian | OCBC | 9.53 | 10.75 | Buy | GGM, PB1.19x FY17 |
03/03/17 | CIMB | OCBC | 9.51 | 8.83 | Reduce | |
03/03/17 | Jefferies | OCBC | 9.51 | 8 | Underperform | |
03/06/17 | Macquarie | OCBC | 9.49 | 10 | Outperform | |
03/21/17 | DMG & Partners | OCBC | 9.63 | 8.9 | Neutral | GGM, PB1x FY17 |
03/21/17 | Kim Eng | OCBC | 9.63 | 8.05 | Sell | |
04/03/17 | Kim Eng | OCBC | 9.72 | 8.05 | Sell | |
04/12/17 | UOB Kay Hian | OCBC | 9.59 | 10.75 | Buy | GGM, PB1.19x FY17 |
04/18/17 | DIR | OCBC | 9.59 | 11 | Buy | |
04/25/17 | CIMB | OCBC | 9.64 | 8.83 | Reduce | |
04/25/17 | Sanford C Bernstein | OCBC | 9.64 | 10.95 | Outperform | |
05/09/17 | DMG & Partners | OCBC | 10.3 | 8.9 | Neutral | |
05/09/17 | Lim & Tan | OCBC | 10.3 | 0 | Hold | |
05/09/17 | UBS | OCBC | 10.3 | 10.4 | Neutral | |
05/11/17 | CIMB | OCBC | 10.46 | 9.94 | Hold | GGM, PB1.1x CY17 |
05/11/17 | Credit Suisse | OCBC | 10.46 | 11.1 | Outperform | |
05/11/17 | DBS Vickers | OCBC | 10.46 | 10.3 | Hold | GGM, PB1.1x FY17 |
05/11/17 | DIR | OCBC | 10.46 | 11 | Hold | GGM, PB1.22x FY17 |
05/11/17 | DMG & Partners | OCBC | 10.46 | 10.22 | Neutral | |
05/11/17 | Kim Eng | OCBC | 10.46 | 9.85 | Hold | PB1.1x FY17 |
05/11/17 | Macquarie | OCBC | 10.46 | 10 | Outperform | PB1.19x |
05/11/17 | phillip | OCBC | 10.46 | 8.48 | Reduce | PB0.95x FY17 |
05/11/17 | UOB Kay Hian | OCBC | 10.46 | 11.7 | Buy | GGM, PB1.3x FY17 |
05/23/17 | Jefferies | OCBC | 10.3 | 10.5 | Hold | |
06/08/17 | UOB Kay Hian | OCBC | 10.58 | 11.7 | Buy | |
06/14/17 | Kim Eng | OCBC | 10.74 | 9.85 | Hold | PB1.1x FY18 |
06/28/17 | DMG & Partners | OCBC | 10.73 | 10.15 | Neutral | |
06/28/17 | UOB Kay Hian | OCBC | 10.73 | 11.7 | Buy | GGM, PB1.3x FY17 |
07/03/17 | Kim Eng | OCBC | 10.79 | 9.85 | Hold | |
07/04/17 | UOB Kay Hian | OCBC | 10.72 | 13 | Buy | GGM, PB1.36x FY18 |
07/12/17 | Credit Suisse | OCBC | 10.79 | 10.9 | Neutral | |
07/27/17 | Lim & Tan | OCBC | 11.25 | 0 | Hold | |
07/27/17 | UBS | OCBC | 11.25 | 11.3 | Neutral | |
07/28/17 | Macquarie | OCBC | 11.49 | 10.4 | Neutral | GGM, PB1.27x FY18 |
07/28/17 | phillip | OCBC | 11.49 | 10.81 | Neutral | GGM, PB1.2x |
07/28/17 | DIR | OCBC | 11.49 | 11.5 | Hold | GGM, PB1.24x |
07/28/17 | UOB Kay Hian | OCBC | 11.49 | 13.38 | Buy | GGM, PB1.39x FY18 |
07/28/17 | DMG & Partners | OCBC | 11.49 | 10.96 | Neutral | GGM, PB1.16x FY17 |
07/28/17 | CIMB | OCBC | 11.49 | 11.98 | Hold | GGM, PB1.3x CY17 |
07/28/17 | DBS Vickers | OCBC | 11.49 | 12.8 | Buy | GGM, PB1.3x FY18 |
08/07/17 | UOB Kay Hian | OCBC | 11.21 | 13.38 | Buy | |
08/18/17 | Macquarie | OCBC | 11.14 | 10.4 | Neutral | |
08/22/17 | Kim Eng | OCBC | 11.02 | 11.05 | Hold | GGM, PB1.1x FY18 |
08/23/17 | Macquarie | OCBC | 11.07 | 12.2 | Outperform | |
08/23/17 | DBS Vickers | OCBC | 11.07 | 12.8 | Buy | |
08/23/17 | Deutsche | OCBC | 11.07 | 11.5 | Hold | |
09/12/17 | DMG & Partners | OCBC | 10.92 | 10.96 | Neutral | PB1.1x FY18 |
09/18/17 | phillip | OCBC | 10.95 | 10.81 | Neutral | |
09/18/17 | Kim Eng | OCBC | 10.95 | 11.05 | Hold | |
09/20/17 | DBS Vickers | OCBC | 11 | 12.8 | Buy | GGM, PB1.3x FY18 |
09/20/17 | Credit Suisse | OCBC | 11 | 10.9 | Neutral | |
09/20/17 | Macquarie | OCBC | 11 | 12.2 | Outperform | |
10/06/17 | UOB Kay Hian | OCBC | 11.25 | 13.38 | Buy | GGM, PB1.39x FY18 |
10/09/17 | DIR | OCBC | 11.37 | 11.5 | Hold | |
10/09/17 | DBS Vickers | OCBC | 11.37 | 12.8 | Buy | GGM, PB1.3x FY18 |
10/09/17 | Credit Suisse | OCBC | 11.37 | 11.6 | Neutral | |
10/20/17 | phillip | OCBC | 11.44 | 11.95 | Accumulate | |
10/23/17 | Macquarie | OCBC | 11.49 | 12.2 | Outperform | |
10/25/17 | DBS Vickers | OCBC | 11.46 | 12.8 | Buy | |
10/27/17 | UOB Kay Hian | OCBC | 11.57 | 13.56 | Buy | GGM, PB1.44x FY18 |
10/27/17 | phillip | OCBC | 11.57 | 13.48 | Buy | GGM, PB1.44x FY18 |
10/27/17 | CIMB | OCBC | 11.57 | 12.6 | Add | GGM, PB1.29x FY18 |
10/27/17 | DBS Vickers | OCBC | 11.57 | 13.5 | Buy | GGM, PB1.3x Fy18 |
10/27/17 | Lim & Tan | OCBC | 11.57 | 0 | Buy | |
10/27/17 | Credit Suisse | OCBC | 11.57 | 11.7 | Neutral | |
10/27/17 | Kim Eng | OCBC | 11.57 | 12 | Hold | PB1.2x |
10/27/17 | UBS | OCBC | 11.57 | 12.2 | Neutral | |
11/01/17 | UOB Kay Hian | OCBC | 11.9 | 13.56 | Buy | GGM, PB1.44x FY18 |
11/01/17 | Deutsche | OCBC | 11.9 | 12.3 | Hold | |
11/20/17 | Credit Suisse | OCBC | 11.65 | 12.6 | Neutral | |
11/20/17 | CIMB | OCBC | 11.65 | 12.6 | Add | |
11/23/17 | DBS Vickers | OCBC | 12.01 | 13.5 | Buy | GGM, PB1.3x FY18 |
12/01/17 | UOB Kay Hian | OCBC | 12.45 | 13.56 | Buy | GGM, PB1.44x FY18 |
12/08/17 | phillip | OCBC | 12.12 | 13.48 | Buy | |
12/08/17 | Jefferies | OCBC | 12.12 | 14 | Buy | |
12/20/17 | CIMB | OCBC | 12.25 | 12.6 | Add | |
01/02/18 | UOB Kay Hian | OCBC | 12.39 | 13.56 | Buy | GGM, PB1.44x FY18 |
01/05/18 | DBS Vickers | OCBC | 12.95 | 14 | Buy | GGM, PB1.4x FY18 |
01/05/18 | UOB Kay Hian | OCBC | 12.95 | 14.88 | Buy | GGM, PB1.58x FY18 |
01/09/18 | Deutsche | OCBC | 12.99 | 13.6 | Hold | |
01/10/18 | phillip | OCBC | 12.91 | 13.48 | Buy | |
02/03/18 | UOB Kay Hian | OCBC | 12.26 | 14.88 | Buy | |
02/05/18 | Macquarie | OCBC | 12.81 | 14 | Outperform | |
02/12/18 | phillip | OCBC | 12.19 | 13.48 | Buy | |
02/15/18 | UOB Kay Hian | OCBC | 12.26 | 14.9 | Buy | GGM, PB1.56x FY18 |
02/15/18 | Kim Eng | OCBC | 12.26 | 13.5 | Hold | PB1.4x FY18 |
02/15/18 | Credit Suisse | OCBC | 12.26 | 14.7 | Outperform | |
02/15/18 | CIMB | OCBC | 12.26 | 14 | Add | GGM, PB1.4x FY18, PER11.7x FY19 |
02/15/18 | Jefferies | OCBC | 12.26 | 14 | Buy | |
02/15/18 | DBS Vickers | OCBC | 12.26 | 14 | Buy | GGM, PB1.4x FY18 |
02/22/18 | UBS | OCBC | 13 | 14.5 | Buy | |
02/22/18 | phillip | OCBC | 13 | 13.94 | Buy | GGM, PB1.46x |
02/22/18 | Jefferies | OCBC | 13 | 15.2 | Buy | |
03/02/18 | UOB Kay Hian | OCBC | 13.21 | 14.9 | Buy | |
03/08/18 | UOB Kay Hian | OCBC | 13.21 | 14.95 | Buy | GGM, PB1.54x FY18 |
03/20/18 | Kim Eng | OCBC | 13.18 | 14.83 | Buy | |
03/22/18 | Lim & Tan | OCBC | 13.42 | 0 | Buy | |
04/03/18 | UOB Kay Hian | OCBC | 12.77 | 14.95 | Buy | |
04/16/18 | Credit Suisse | OCBC | 13.08 | 15.75 | Buy | |
04/20/18 | UOB Kay Hian | OCBC | 13.74 | 16.02 | Buy | GGM, PB1.64x FY18 |
04/20/18 | CIMB | OCBC | 13.74 | 15 | Add | GGM, PB1.5x FY18 |
04/27/18 | DBS Vickers | OCBC | 13.76 | 15.3 | Buy | GGM, PB1.5x FY18 |
05/03/18 | UOB Kay Hian | OCBC | 13.86 | 16.02 | Buy | |
05/08/18 | Macquarie | OCBC | 13.17 | 14.5 | Outperform | |
05/08/18 | CIMB | OCBC | 13.17 | 14 | Hold | GGM, PB1.5x FY18 |
05/08/18 | UOB Kay Hian | OCBC | 13.17 | 16.5 | Buy | GGM, PB1.66x FY18 |
05/08/18 | Credit Suisse | OCBC | 13.17 | 15.1 | Outperform | |
05/08/18 | DBS Vickers | OCBC | 13.17 | 15.3 | Buy | GGM, PB1.5x FY18 |
05/08/18 | Deutsche | OCBC | 13.17 | 14 | Hold | |
05/09/18 | phillip | OCBC | 13.08 | 14.9 | Accumulate | GGM, PB1.6x FY18 |
05/09/18 | Kim Eng | OCBC | 13.08 | 14.6 | Buy | GGM, PB1.5x FY18 |
06/01/18 | UOB Kay Hian | OCBC | 12.54 | 16.5 | Buy | GGM, PB1.68 FY18 |
06/04/18 | phillip | OCBC | 12.53 | 14.9 | Accumulate | |
06/26/18 | UOB Kay Hian | OCBC | 11.6 | 14.28 | Buy | GGM, PER1.46x FY18 |
07/02/18 | phillip | OCBC | 11.64 | 14.9 | Accumulate | |
07/03/18 | UOB Kay Hian | OCBC | 11.51 | 14.28 | Buy | |
07/06/18 | DBS Vickers | OCBC | 11.5 | 12.2 | Hold | GGM, PB1.3x FY18 |
07/19/18 | UOB Kay Hian | OCBC | 11.15 | 13.52 | Buy | GGM, PB1.41x FY18 |
08/01/18 | phillip | OCBC | 11.57 | 14.9 | Accumulate | GGM, PB1.5x |
08/06/18 | Macquarie | OCBC | 11.35 | 14.5 | Outperform | |
08/06/18 | Jefferies | OCBC | 11.35 | 14 | 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 | |
09/03/18 | UOB Kay Hian | OCBC | 11.3 | 13.68 | Buy | GGM, PB1.42x FY18 |
09/25/18 | CIMB | OCBC | 11.36 | 14 | Add | GGM |
09/26/18 | DBS Vickers | OCBC | 11.45 | 12.4 | Hold | |
10/02/18 | phillip | OCBC | 11.45 | 14.9 | Buy | |
10/03/18 | UOB Kay Hian | OCBC | 11.31 | 13.68 | Buy | |
10/11/18 | Jefferies | OCBC | 10.95 | 14 | Buy | |
10/15/18 | UOB Kay Hian | OCBC | 10.75 | 14.05 | Buy | GGM, PB1.37x FY19 |
10/19/18 | DBS Vickers | OCBC | 10.7 | 12.4 | Hold | |
11/01/18 | phillip | OCBC | 10.74 | 14.9 | Buy | |
11/01/18 | Lim & Tan | OCBC | 10.74 | 0 | Buy | |
11/02/18 | CIMB | OCBC | 11.15 | 14 | Add | GGM |
11/02/18 | DBS Vickers | OCBC | 11.15 | 13.2 | Buy | GGM, PB1.3x FY19 |
11/02/18 | UOB Kay Hian | OCBC | 11.15 | 14.05 | Buy | GGM, PB1.37x FY19 |
11/12/18 | Macquarie | OCBC | 11.46 | 13 | Outperform |
Monday, November 12, 2018
OCBC Bank - Stock calls
Stock calls for 12 November 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
11/12/18 | DMG & Partners | Best World | 1.85 | 2.13 | Buy | PER13x FY19 |
11/12/18 | CIMB | Best World | 1.85 | 1.9 | Hold | PER12.5x CY20 |
11/12/18 | DMG & Partners | Bumitama | 0.62 | 0.8 | Buy | |
11/12/18 | OCBC | City Developments | 8.45 | 10.73 | Buy | |
11/12/18 | phillip | Comfortdelgro | 2.18 | 2.69 | Buy | DCF, PER19.2x FY18 |
11/12/18 | DBS Vickers | Comfortdelgro | 2.18 | 2.56 | Buy | PER16x FY19 |
11/12/18 | DMG & Partners | Comfortdelgro | 2.18 | 2.35 | Neutral | PER15x FY19 |
11/12/18 | OCBC | Comfortdelgro | 2.18 | 2.29 | Hold | |
11/12/18 | CIMB | Comfortdelgro | 2.18 | 2.74 | Add | DCF, PER17.7x FY19 |
11/12/18 | UOB Kay Hian | First Resources | 1.6 | 1.6 | Hold | PER13x FY18, Buy @ $1.40 |
11/12/18 | DMG & Partners | First Resources | 1.6 | 1.6 | Neutral | PER11x FY19 |
11/12/18 | Kim Eng | First Resources | 1.6 | 2 | Buy | PER17x FY18 |
11/12/18 | CIMB | Frasers Property | 1.62 | 2.08 | Add | RNAV (35% discount) |
11/12/18 | Kim Eng | Hi-P | 0.845 | 0.84 | Hold | PB1x FY19 |
11/12/18 | DMG & Partners | HRnetGroup | 0.815 | 1.18 | Buy | DCF |
11/12/18 | DBS Vickers | HRnetGroup | 0.815 | 1.1 | Buy | PER15x FY19, ex-cash |
11/12/18 | CIMB | HRnetGroup | 0.815 | 1.1 | Add | PER18x CY20 |
11/12/18 | DMG & Partners | Mindchamps | 0.625 | 0.87 | Buy | DCF & EV/Ebitda17x FY19 |
11/12/18 | Macquarie | OCBC | 11.46 | 13 | Outperform | |
11/12/18 | DBS Vickers | OUE Commercial | 0.465 | 0.47 | Hold | |
11/12/18 | CIMB | OUE Commercial | 0.465 | 0.57 | Hold | DDM |
11/12/18 | DBS Vickers | SATS | 4.88 | 5.6 | Buy | DCF, PER22x FY20 |
11/12/18 | CIMB | SIA | 9.52 | 10.1 | Hold | PB0.9x CY19 |
11/12/18 | phillip | SIA Engineering | 2.83 | 2.81 | Neutral | DCF, PER20.6x FY19 |
11/12/18 | UOB Kay Hian | SIA Engineering | 2.83 | 2.7 | Hold | DCF, Buy @ $2.40 or PER15x FY19 |
11/12/18 | DBS Vickers | SIA Engineering | 2.83 | 2.94 | Hold | Sum of parts |
11/12/18 | CIMB | SIA Engineering | 2.83 | 3.11 | Add | DCF, PER19.6x CY19 |
11/12/18 | UOB Kay Hian | Starhub | 1.94 | 2.3 | Buy | DCF |
11/12/18 | DMG & Partners | Starhub | 1.94 | 1.9 | Neutral | DCF |
11/12/18 | OCBC | Starhub | 1.94 | 1.92 | Hold | |
11/12/18 | CIMB | Sunningdale | 1.41 | 1.84 | Add | PB0.92x |
11/12/18 | UOB Kay Hian | Sunningdale | 1.41 | 1.5 | Hold | PER10.6x FY19, Buy @ $1.25 |
11/12/18 | Lim & Tan | Sunningdale | 1.41 | 0 | Buy | |
11/12/18 | Lim & Tan | Sunpower | 0.41 | 0 | Buy | |
11/12/18 | DMG & Partners | Wilmar | 3.15 | 3.69 | Buy | |
11/12/18 | DBS Vickers | Yangzijiang | 1.3 | 1.82 | Buy | Sum of parts |
Saturday, November 10, 2018
China's overseas ports that will render Singapore port useless.
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.
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.
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 |
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