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Monday, November 12, 2018

OCBC Bank - Stock calls


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

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.

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


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

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.

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!

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.

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