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Thursday, December 13, 2018

Thai Beverage - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/17 CIMB Thai Beverage 0.855 1.07 Add Sum of parts, PER19.6x CY17
01/10/17 OCBC Thai Beverage 0.845 1.01 Buy
01/10/17 JP Morgan Thai Beverage 0.845 1.06 Overweight
02/02/17 OCBC Thai Beverage 0.87 1.01 Buy
02/15/17 CIMB Thai Beverage 0.88 1.07 Add Sum of parts
02/16/17 DBS Vickers Thai Beverage 0.94 1.01 Buy
03/06/17 OCBC Thai Beverage 0.935 1.01 Buy
03/23/17 CIMB Thai Beverage 0.925 1.07 Add Sum of parts
03/31/17 UOB Kay Hian Thai Beverage 0.935 1.09 Buy Sum of parts
03/31/17 JP Morgan Thai Beverage 0.935 1.1 Overweight
04/10/17 DBS Vickers Thai Beverage 0.94 1.09 Buy Sum of parts
04/10/17 DMG & Partners Thai Beverage 0.94 1.1 Buy Sum of parts
05/08/17 CIMB Thai Beverage 0.91 1.07 Add Sum of parts
05/12/17 DBS Vickers Thai Beverage 0.915 1.09 Buy Sum of parts
05/12/17 OCBC Thai Beverage 0.915 1.01 Buy
05/15/17 DMG & Partners Thai Beverage 0.885 1.1 Buy Sum of parts
05/15/17 UOB Kay Hian Thai Beverage 0.885 1.09 Buy Sum of parts
05/15/17 JP Morgan Thai Beverage 0.885 1 Overweight
06/13/17 OCBC Thai Beverage 0.88 1.01 Buy
06/14/17 UOB Kay Hian Thai Beverage 0.885 1.09 Buy
06/16/17 DBS Vickers Thai Beverage 0.895 1.09 Buy
06/29/17 DBS Vickers Thai Beverage 0.89 1.07 Buy Sum of parts
07/03/17 DMG & Partners Thai Beverage 0.9 1.1 Buy Sum of parts, PER26x FY17
07/07/17 CIMB Thai Beverage 0.91 1.07 Add Sum of parts
07/10/17 Phillip Thai Beverage 0.91 1.05 Accumulate Sum of parts
07/11/17 UOB Kay Hian Thai Beverage 0.915 1.09 Buy Sum of parts
07/25/17 DBS Vickers Thai Beverage 0.93 1.07 Buy Sum of parts
08/08/17 UOB Kay Hian Thai Beverage 0.96 1.09 Buy Sum of parts
08/08/17 JP Morgan Thai Beverage 0.96 1.1 Overweight
08/10/17 CIMB Thai Beverage 0.955 1.07 Add Sum of parts
08/10/17 DMG & Partners Thai Beverage 0.955 1.1 Buy Sum of parts
08/10/17 OCBC Thai Beverage 0.955 1.01 Buy
08/11/17 DBS Vickers Thai Beverage 0.945 1.07 Buy
08/14/17 Phillip Thai Beverage 0.93 1.05 Accumulate Sum of parts
08/14/17 UOB Kay Hian Thai Beverage 0.93 1.09 Buy Sum of parts
09/05/17 UOB Kay Hian Thai Beverage 0.925 1.09 Buy Sum of parts
09/18/17 OCBC Thai Beverage 0.92 1.01 Buy
09/18/17 Credit Suisse Thai Beverage 0.92 1.04 Outperform
09/19/17 DBS Vickers Thai Beverage 0.915 1.07 Buy
09/20/17 DMG & Partners Thai Beverage 0.91 1.1 Buy Sum of parts
10/04/17 UOB Kay Hian Thai Beverage 0.9 1.09 Buy Sum of parts
10/13/17 DBS Vickers Thai Beverage 0.945 1.07 Buy
10/16/17 DMG & Partners Thai Beverage 0.94 1.12 Buy Sum of parts
11/02/17 UOB Kay Hian Thai Beverage 0.98 1.09 Buy Sum of parts
11/24/17 DBS Vickers Thai Beverage 0.94 1.07 Buy
11/27/17 CIMB Thai Beverage 0.97 1.15 Add Sum of parts, PER24.8x FY18
11/27/17 Phillip Thai Beverage 0.97 1.18 Buy Sum of parts, PER24.2x FY18
11/27/17 UOB Kay Hian Thai Beverage 0.97 1.11 Buy Sum of parts
11/27/17 OCBC Thai Beverage 0.97 1.07 Buy Sum of parts
11/27/17 CIMB Thai Beverage 0.97 1.15 Add
12/04/17 Phillip Thai Beverage 0.96 1.18 Buy
12/06/17 UOB Kay Hian Thai Beverage 0.955 1.11 Buy Sum of parts
12/13/17 Phillip Thai Beverage 0.955 1.18 Buy Sum of parts
12/13/17 CIMB Thai Beverage 0.955 1.15 Add Sum of parts
12/19/17 DBS Vickers Thai Beverage 0.97 1.07 Buy Sum of parts
12/20/17 CIMB Thai Beverage 0.95 1 Hold Sum of parts, PER22.6x CY18
12/20/17 JP Morgan Thai Beverage 0.95 0.84 Underweight
01/04/18 UOB Kay Hian Thai Beverage 0.915 1.11 Buy Sum of parts
01/11/18 OCBC Thai Beverage 0.93 1.07 Buy
01/23/18 Nomura Thai Beverage 0.92 1.13 Buy
01/23/18 DBS Vickers Thai Beverage 0.92 1.07 Buy
01/23/18 CIMB Thai Beverage 0.92 1 Hold
02/01/18 UOB Kay Hian Thai Beverage 0.92 1.06 Buy Sum of parts
02/15/18 UOB Kay Hian Thai Beverage 0.91 0.99 Hold Sum of parts, Buy @ $0.84
02/15/18 CIMB Thai Beverage 0.91 0.98 Hold Sum of parts, PER21.8x CY18
02/19/18 DBS Vickers Thai Beverage 0.85 1.02 Buy Sum of parts
02/22/18 Phillip Thai Beverage 0.835 1.05 Buy Sum of parts
03/05/18 OCBC Thai Beverage 0.825 0.95 Buy
03/19/18 Phillip Thai Beverage 0.815 1.05 Buy
03/26/18 DBS Vickers Thai Beverage 0.805 1.02 Buy
04/16/18 Phillip Thai Beverage 0.8 1.05 Buy
05/10/18 DMG & Partners Thai Beverage 0.83 1.06 Buy Sum of parts
05/16/18 DBS Vickers Thai Beverage 0.8 1.02 Buy
05/17/18 Phillip Thai Beverage 0.795 1.05 Buy Sum of parts
05/17/18 CIMB Thai Beverage 0.795 0.98 Add Sum of parts
05/17/18 OCBC Thai Beverage 0.795 0.95 Buy
06/11/18 CIMB Thai Beverage 0.77 0.98 Add
06/22/18 DMG & Partners Thai Beverage 0.77 1.06 Buy
06/22/18 JP Morgan Thai Beverage 0.77 0.73 Underweight
07/03/18 UOB Kay Hian Thai Beverage 0.7 0.99 Buy
07/12/18 DMG & Partners Thai Beverage 0.725 1.02 Buy Sum of parts
07/25/18 DBS Vickers Thai Beverage 0.74 0.94 Buy Sum of parts
08/15/18 DBS Vickers Thai Beverage 0.7 0.94 Buy Sum of parts
08/15/18 JP Morgan Thai Beverage 0.7 0.64 Underweight
08/16/18 CIMB Thai Beverage 0.68 0.88 Add Sum of parts
08/16/18 DMG & Partners Thai Beverage 0.68 0.88 Buy Sum of parts
08/16/18 OCBC Thai Beverage 0.68 0.89 Buy
08/20/18 Phillip Thai Beverage 0.645 0.62 Reduce Sum of parts
09/04/18 Goldman Sachs Thai Beverage 0.645 0.74 Buy Cut from $0.94
09/04/18 JP Morgan Thai Beverage 0.645 0.64 Underweight
09/14/18 CIMB Thai Beverage 0.62 0.88 Add
09/18/18 Amfrasers Thai Beverage 0.65 0.75 Buy Sum of parts
09/20/18 DBS Vickers Thai Beverage 0.65 0.94 Buy
09/21/18 DMG & Partners Thai Beverage 0.67 0.88 Buy
10/02/18 Amfrasers Thai Beverage 0.665 0.75 Buy Sum of parts
10/04/18 UOB Kay Hian Thai Beverage 0.71 0.84 Buy Sum of parts
10/26/18 Exotix Capital Thai Beverage 0.63 0.9 Buy
11/02/18 UOB Kay Hian Thai Beverage 0.635 0.84 Buy
11/05/18 DBS Vickers Thai Beverage 0.655 0.94 Buy
11/13/18 Amfrasers Thai Beverage 0.65 0.75 Buy Sum of parts
11/27/18 CIMB Thai Beverage 0.67 0.88 Add Sum of parts
11/27/18 DBS Vickers Thai Beverage 0.67 0.87 Buy Sum of parts
11/27/18 OCBC Thai Beverage 0.67 0.85 Buy
11/28/18 Phillip Thai Beverage 0.63 0.57 Reduce Sum of parts
11/28/18 UOB Kay Hian Thai Beverage 0.63 0.8 Buy Sum of parts
11/28/18 DMG & Partners Thai Beverage 0.63 0.75 Buy Sum of parts
11/28/18 CIMB Thai Beverage 0.63 0.73 Add Sum of parts, PER17x
12/05/18 Amfrasers Thai Beverage 0.625 0.75 Buy Sum of parts

Stock calls for 13 December 2018


Date Analyst Company Last Target Call Valuation
12/13/18 OCBC First Reit 1.04 1.05 Buy
12/13/18 UOB Kay Hian Sembcorp Industries 2.61 3.41 Buy

Wednesday, December 12, 2018

Telechoice - Stock calls


Date Analyst Company Last Target Call Valuation
04/10/17 NRA Telechoice 0.27 0.34 Overweight PER15.56x FY17
08/15/17 NRA Telechoice 0.25 0.34 Overweight PER16.5x FY20

Tee Land - Stock calls


Date Analyst Company Last Target Call Valuation
01/20/17 NRA Tee Land 0.195 0.29 Overweight
03/09/18 NRA Tee Land 0.21 0.28 Overweight Sum of parts

Talkmed - Stock calls


Date Analyst Company Last Target Call Valuation
02/23/17 CIMB Talkmed 1.385 1.82 Add DCF
02/28/17 DMG & Partners Talkmed 1.43 2.07 Buy DCF, PER32x FY17
03/06/17 CIMB Talkmed 1.49 1.83 Add
04/26/17 DMG & Partners Talkmed 1.775 2.07 Buy DCF, PER30x FY18
04/27/17 CIMB Talkmed 1.73 1.83 Hold DCF
06/29/17 DMG & Partners Talkmed 0.645 0.73 Buy Ex-bonus 1 for 1
10/02/17 DMG & Partners Talkmed 0.585 0.69 Buy
11/08/17 DMG & Partners Talkmed 0.705 0.72 Neutral PER29x FY18
01/08/18 CIMB Talkmed 0.69 0.68 Hold DCF
02/21/18 DMG & Partners Talkmed 0.675 0.72 Neutral DCF
04/27/18 DMG & Partners Talkmed 0.69 0.7 Neutral DCF, PER29x FY18
11/09/18 DMG & Partners Talkmed 0.62 0.64 Neutral

Stock calls for 12 December 2018


Date Analyst Company Last Target Call Valuation
12/12/18 Kim Eng Japfa 0.735 0.99 Buy Sum of parts
12/12/18 UOB Kay Hian Sunningdale 1.37 1.5 Hold PER10.6x FY19, Buy @ $1.25
12/12/18 Lim & Tan Sunningdale 1.37 0 Buy

A public listed company has dumped blockchain investment.

https://www.straitstimes.com/business/companies-markets/accrelist-calls-off-1m-deal-to-acquire-stake-in-blockchain-firm

This is a wise move for Accrelist because blockchain is an overhyped technology.

The more you know and learn about public blockchain, the more you will avoid it.

Crypto prices have fallen further after we have posted our crypto & ICO analyses.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

http://sg-stock.blogspot.com/2018/09/the-private-blockchain-will-cannibalize.html

No need to squabble over the new flight path at Seletar.

https://sg.news.yahoo.com/johor-singapore-airspace-conflict-why-020011262.html

We just need to refer this to ICAO for the safety assessment.  If ICAO says it's safe, it is safe and Malaysia cannot refute the safety concerns over the new flight path at Seletar.

That's it! No need to debate anymore. If anybody wants to debate, please debate at the ICAO hearing. I believe ICAO will stand by Singapore's assessment.  Why? This is because Malaysia doesn't even know where its MH370 is now.

Canada has backed off a bit after its former diplomat is detained in China.

https://finance.yahoo.com/news/chinas-huawei-executive-bail-hearing-001907585.html

Canada has granted bail to Huawei CFO after China detains its former Canadian diplomat Michael Kovrig.

Hahaha!

Canada, why do you want to get involved in this stupid ante put up by the US?  This will hurt your trades and also your reputation.

Noble is going bankrupt soon!

https://finance.yahoo.com/news/noble-group-appoint-provisional-liquidator-101735089.html

Noble's fate is sealed after SGX blocked the new noble from relisting.

http://sg-stock.blogspot.com/2018/12/omg-noble-cannot-relist-on-sgx.html

The so-called PLAN B is detrimental to existing shareholders because the PLAN B SHARES cannot be traded publicly.  Holding a share that cannot be cashed out is definitely not good.

The PLAN B is unlikely to be accepted by the existing shareholders and bankruptcy is the only way to go for Noble.

Tuesday, December 11, 2018

TA Corp - Stock calls


Date Analyst Company Last Target Call Valuation
10/02/18 NRA TA Corp 0.24 0.35 Overweight RNAV (33% discount)
10/03/18 Tayrona Financial TA Corp 0.24 0.35 Overweight

Synagie - Stock calls


Date Analyst Company Last Target Call Valuation
08/27/18 UOB Kay Hian Synagie 0.27 0.45 Buy Price-to-Sales 4.2x FY19
09/06/18 CIMB Synagie 0.215 0.34 Add Price-to-Sales 2.2x CY19

SUTL - Stock calls


Date Analyst Company Last Target Call Valuation
03/02/17 UOB Kay Hian SUTL 0.665 0 Buy
03/09/17 Amfrasers SUTL 0.77 1.09 Buy DCF, EV/Ebitda8.8x
05/12/17 Amfrasers SUTL 0.9 1.09 Buy
08/25/17 Amfrasers SUTL 0.735 1.04 Buy
10/11/17 Amfrasers SUTL 0.69 1.04 Buy

Stock calls for 11 December 2018


Date Analyst Company Last Target Call Valuation
12/11/18 DMG & Partners A-Reit 2.56 2.9 Buy
12/11/18 DMG & Partners Cache Logistics 0.7 0.84 Buy
12/11/18 DMG & Partners CapitaCommercial 1.76 1.8 Neutral
12/11/18 DMG & Partners Capitamall Trust 2.24 2.14 Neutral
12/11/18 DMG & Partners CDL Hospitality 1.52 1.8 Buy
12/11/18 DBS Vickers City Developments 8.42 9.5 Hold
12/11/18 DMG & Partners Frasers Centrepoint Trust 2.17 2.19 Neutral
12/11/18 DMG & Partners Frasers Commercial Trust 1.39 1.43 Neutral
12/11/18 DMG & Partners Manulife US Reit 0.755 0.92 Buy
12/11/18 DBS Vickers Starhill 0.67 0.75 Buy DCF
12/11/18 DMG & Partners Starhill 0.67 0.8 Buy
12/11/18 DMG & Partners Suntec Reit 1.78 1.9 Neutral
12/11/18 DBS Vickers UOL 6.15 7.15 Hold RNAV (40% discount)

Apple Iphones are banned in China now!

https://edition.cnn.com/2018/12/10/tech/china-iphone-ban/index.html

China is brilliant to pit a US firm against another US firm (Qualcomm vs Apple).

This will give China a legitimate excuse to ban Apple iPhones after the arrest of Huawei CFO.  Apple is an iconic US firm and China has no qualm to punish any iconic US firm.

It is also easy for China to attack Microsoft for cybersecurity reason because Microsft has a backdoor access for US NSA.

Monday, December 10, 2018

Suntec Reit - Stock Calls


Date Analyst Company Last Target Call Valuation
01/09/17 DBS Vickers Suntec Reit 1.68 1.71 Hold DCF
01/11/17 Kim Eng Suntec Reit 1.72 1.77 Hold
01/25/17 OCBC Suntec Reit 1.685 1.53 Sell
01/26/17 CIMB Suntec Reit 1.695 1.55 Reduce DDM
01/26/17 Credit Suisse Suntec Reit 1.695 1.46 Underperform
01/26/17 DBS Vickers Suntec Reit 1.695 1.75 Hold DCF
01/26/17 DIR Suntec Reit 1.695 1.46 Underperform DDM
01/26/17 DMG & Partners Suntec Reit 1.695 1.53 Neutral DDM
01/26/17 OCBC Suntec Reit 1.695 1.54 Hold DDM
01/26/17 UOB Kay Hian Suntec Reit 1.695 1.8 Hold DDM
02/09/17 Credit Suisse Suntec Reit 1.73 1.43 Underperform
02/17/17 JP Morgan Suntec Reit 1.725 1.85 Neutral
02/28/17 Deutsche Suntec Reit 1.71 1.6 Sell
03/07/17 UOB Kay Hian Suntec Reit 1.74 1.8 Hold
03/10/17 DMG & Partners Suntec Reit 1.73 1.53 Neutral
04/07/17 DMG & Partners Suntec Reit 1.79 1.53 Neutral
04/11/17 UOB Kay Hian Suntec Reit 1.79 1.8 Hold DDM
04/18/17 DIR Suntec Reit 1.75 1.46 Underperform
04/18/17 Kim Eng Suntec Reit 1.75 1.76 Hold
04/27/17 DIR Suntec Reit 1.755 1.5 Underperform DDM
04/27/17 OCBC Suntec Reit 1.755 1.68 Hold
05/25/17 Deutsche Suntec Reit 1.8 1.7 Hold
05/25/17 UOB Kay Hian Suntec Reit 1.8 1.9 Hold
06/22/17 Deutsche Suntec Reit 1.84 1.7 Hold
07/11/17 Kim Eng Suntec Reit 1.87 1.76 Hold
07/12/17 DMG & Partners Suntec Reit 1.86 1.53 Neutral
07/26/17 UOB Kay Hian Suntec Reit 1.93 1.9 Hold DDM
07/27/17 CIMB Suntec Reit 1.92 1.77 Reduce DDM
07/27/17 DIR Suntec Reit 1.92 1.63 Underperform DDM
07/27/17 UOB Kay Hian Suntec Reit 1.92 1.95 Hold DDM
07/27/17 DMG & Partners Suntec Reit 1.92 1.75 Neutral DDM
07/27/17 OCBC Suntec Reit 1.92 1.8 Hold
07/27/17 Kim Eng Suntec Reit 1.92 1.8 Hold Yield 5.5%
07/27/17 Religare Suntec Reit 1.92 1.66 Hold
08/17/17 DBS Vickers Suntec Reit 1.895 1.95 Hold DCF
09/21/17 DMG & Partners Suntec Reit 1.875 1.75 Neutral
09/25/17 Kim Eng Suntec Reit 1.855 1.8 Hold
10/23/17 UOB Kay Hian Suntec Reit 1.91 1.95 Hold
10/27/17 OCBC Suntec Reit 1.93 1.8 Hold
10/30/17 UOB Kay Hian Suntec Reit 1.93 2.05 Hold DDM
10/30/17 CIMB Suntec Reit 1.93 1.83 Reduce DDM
10/30/17 DBS Vickers Suntec Reit 1.93 1.95 Hold
11/20/17 DIR Suntec Reit 1.97 1.63 Underperform DDM
12/01/17 UOB Kay Hian Suntec Reit 2.04 2.13 Hold
12/15/17 DBS Vickers Suntec Reit 2.07 2.3 Buy DCF
12/18/17 Kim Eng Suntec Reit 2.12 1.89 Hold Target yield 5.25%, Up from $1.84
01/04/18 Deutsche Suntec Reit 2.14 2.05 Hold
01/05/18 DMG & Partners Suntec Reit 2.17 1.75 Neutral
01/25/18 CIMB Suntec Reit 2.15 2.17 Hold DDM
01/25/18 DBS Vickers Suntec Reit 2.15 2.3 Buy DCF
01/25/18 OCBC Suntec Reit 2.15 1.81 Sell
01/25/18 Kim Eng Suntec Reit 2.15 1.91 Hold
01/26/18 UOB Kay Hian Suntec Reit 2.14 2.13 Hold DDM
02/20/18 DBS Vickers Suntec Reit 1.97 2.3 Buy
04/25/18 DBS Vickers Suntec Reit 1.9 2.3 Buy
04/25/18 OCBC Suntec Reit 1.9 1.81 Sell
04/26/18 DMG & Partners Suntec Reit 1.9 1.75 Neutral DDM
04/26/18 UOB Kay Hian Suntec Reit 1.9 2.13 Hold DDM
04/26/18 OCBC Suntec Reit 1.9 1.84 Sell
04/26/18 CIMB Suntec Reit 1.9 2.12 Add DDM
04/26/18 Kim Eng Suntec Reit 1.9 1.94 Hold
05/08/18 DBS Vickers Suntec Reit 1.92 2.3 Buy
05/17/18 DMG & Partners Suntec Reit 1.83 1.75 Neutral
06/12/18 DBS Vickers Suntec Reit 1.74 2.3 Buy
07/25/18 OCBC Suntec Reit 1.89 1.84 Hold
07/26/18 CIMB Suntec Reit 1.87 2.08 Add DDM
07/26/18 UOB Kay Hian Suntec Reit 1.87 2.01 Hold DDM, Buy @ $1.83
07/26/18 DBS Vickers Suntec Reit 1.87 2.3 Buy DCF
08/02/18 DBS Vickers Suntec Reit 1.87 2.3 Buy
08/02/18 Deutsche Suntec Reit 1.87 2.1 Buy
09/14/18 DBS Vickers Suntec Reit 1.85 2.3 Buy
09/25/18 Deutsche Suntec Reit 1.85 2.1 Buy
10/10/18 CIMB Suntec Reit 1.84 2.08 Add
10/16/18 DMG & Partners Suntec Reit 1.78 1.9 Neutral DDM
10/24/18 OCBC Suntec Reit 1.81 1.84 Hold
10/25/18 CIMB Suntec Reit 1.81 2.06 Add DDM
10/25/18 UOB Kay Hian Suntec Reit 1.81 2.01 Hold
10/25/18 DBS Vickers Suntec Reit 1.81 2.3 Buy
10/25/18 OCBC Suntec Reit 1.81 1.83 Hold
11/02/18 UOB Kay Hian Suntec Reit 1.74 2.01 Hold

Sunpower - Stock calls


Date Analyst Company Last Target Call Valuation
06/06/18 UOB Kay Hian Sunpower 0.48 0.77 Buy Sum of parts
06/06/18 Lim & Tan Sunpower 0.48 0.95 Buy Sum of parts
08/16/18 Lim & Tan Sunpower 0.595 0.95 Buy Sum of parts
11/12/18 Lim & Tan Sunpower 0.41 0 Buy

Sunningdale - Stock calls


Date Analyst Company Last Target Call Valuation
02/28/17 CIMB Sunningdale 1.285 1.56 Add
02/28/17 Lim & Tan Sunningdale 1.285 0 Buy
03/06/17 UOB Kay Hian Sunningdale 1.365 1.83 Buy
03/09/17 DBS Vickers Sunningdale 1.445 1.64 Not Rated PER10x FY17
04/07/17 UOB Kay Hian Sunningdale 1.76 1.83 Hold PER11x FY17, Buy @ $1.65
05/15/17 Lim & Tan Sunningdale 1.84 0 Buy
05/15/17 UOB Kay Hian Sunningdale 1.84 2.04 Buy
05/16/17 CIMB Sunningdale 1.835 2.19 Add PB1.11x FY17
05/25/17 DBS Vickers Sunningdale 1.95 2.62 Buy PER13x FY18
07/05/17 CIMB Sunningdale 1.765 2.19 Add PB1.11x FY17
07/28/17 Lim & Tan Sunningdale 1.995 0 Buy
08/03/17 UOB Kay Hian Sunningdale 2.05 2.51 Buy PER11.4x FY18, PB1.34x FY16
08/03/17 DBS Vickers Sunningdale 2.05 2.62 Buy PER13x FY18
08/03/17 Lim & Tan Sunningdale 2.05 0 Buy
08/04/17 CIMB Sunningdale 2.15 2.19 Add PB1.11x FY17
08/04/17 DBS Vickers Sunningdale 2.15 2.7 Buy PER13x FY18
10/02/17 DBS Vickers Sunningdale 1.97 2.7 Buy PER13x FY18
10/03/17 NRA Sunningdale 2.02 2.73 Not Rated PER13.46x
10/30/17 CIMB Sunningdale 2.14 2.86 Add PB1.36x FY18
11/09/17 CIMB Sunningdale 2.25 2.79 Add PB1.33x FY18
11/09/17 Lim & Tan Sunningdale 2.25 0 Buy
11/10/17 UOB Kay Hian Sunningdale 2.15 2.51 Buy PER11.4x FY18
11/10/17 DBS Vickers Sunningdale 2.15 2.7 Buy PER13x FY18
12/06/17 DBS Vickers Sunningdale 1.89 2.7 Buy
12/20/17 CIMB Sunningdale 1.84 2.79 Add
01/10/18 CIMB Sunningdale 1.92 2.79 Add
02/07/18 CIMB Sunningdale 1.86 2.79 Add
02/23/18 CIMB Sunningdale 1.93 2.82 Add PB1.374x FY18
02/23/18 UOB Kay Hian Sunningdale 1.93 2.51 Buy PER11.4x FY18
02/23/18 DBS Vickers Sunningdale 1.93 2.7 Buy PER13x FY18
02/23/18 Lim & Tan Sunningdale 1.93 0 Buy on weakness
04/03/18 DBS Vickers Sunningdale 1.89 2.7 Buy
04/24/18 Lim & Tan Sunningdale 1.73 0 Hold
04/25/18 UOB Kay Hian Sunningdale 1.47 2 Buy PER11.9x FY18
04/25/18 CIMB Sunningdale 1.47 2.5 Add PB1.23x FY18
04/25/18 DBS Vickers Sunningdale 1.47 1.53 Hold PER11x FY18
05/23/18 UOB Kay Hian Sunningdale 1.27 2 Buy PER11.9x FY18
05/25/18 CIMB Sunningdale 1.28 2.5 Add PB1.02x
06/04/18 UOB Kay Hian Sunningdale 1.38 2 Buy
07/04/18 UOB Kay Hian Sunningdale 1.29 2 Buy
08/08/18 Lim & Tan Sunningdale 1.31 0 Buy
08/10/18 CIMB Sunningdale 1.42 2.05 Add PB1.02x FY18
09/14/18 UOB Kay Hian Sunningdale 1.35 1.7 Buy
10/29/18 CIMB Sunningdale 1.42 1.84 Add PB0.92x
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

Stock calls for 10 December 2018


Date Analyst Company Last Target Call Valuation
12/10/18 DMG & Partners Bumitama 0.635 0.6 Neutral PER11x FY19
12/10/18 UOB Kay Hian CapitaCommercial 1.77 2 Buy
12/10/18 UOB Kay Hian Golden Agri 0.255 0.2 Sell
12/10/18 DMG & Partners Japan Foods 0.455 0.48 Neutral
12/10/18 UOB Kay Hian Japfa 0.755 0.98 Buy
12/10/18 OCBC Netlink 0.765 0.9 Buy
12/10/18 UOB Kay Hian Propnex 0.525 0.65 Buy
12/10/18 UOB Kay Hian SATS 4.65 5.6 Buy
12/10/18 DMG & Partners Sheng Siong 1.08 1.27 Buy
12/10/18 OCBC Singtel 3.08 3.95 Buy
12/10/18 UOB Kay Hian ST Engineering 3.47 4.06 Buy
12/10/18 DMG & Partners Wilmar 3.15 3.58 Buy Sum of parts

IMF: 2020 will be far worse than 2019 for US economic growth.

https://sg.finance.yahoo.com/news/top-imf-economist-predicts-sharper-224200472.html

Trump will have a major problem retaining his presidency in 2020.

The IMF has predicted that 2020 will be far worse than 2019 for the US economic growth.  If the US-China trade war is not settled by then, Trump will only be a one-term president and the Americans will suffer for these few years.

Canadian government officials are afraid to visit China now. Hahaha!

https://sg.finance.yahoo.com/news/latest-canada-ex-adviser-says-033157135.html

The trades between China and Canada are affected by the Huawei CFO's arrest.  The Canadian government officials are afraid to visit China for trade discussions and agreements.

Hahaha!  Canada has to face the repercussions such as economic slowdown and soured diplomatic ties.

The Japan economic growth is worse than expected.

https://sg.finance.yahoo.com/news/japan-economy-shrank-2-5-percent-annualized-rate-031708265.html

The official economic figure is worse than expected.  Japan's economy shrank 2.5% instead of 1.2%.

http://sg-stock.blogspot.com/2018/11/japan-economic-growth-is-slowing-down.html

The US-China trade war will cause Japan to dip into a recession because Japan is banning Huawei's products and China will retaliate against Japan.

China summoned Canada and US envoys for Huawei CFO's arrest.

https://sg.news.yahoo.com/china-canadas-detention-huawei-exec-013849178.html

Huawei is not ZTE in which the US can bully.

The Canadian PM had shot himself in the foot by arresting Huawei CFO without a valid reason.  The diplomatic ties amongst the 3 countries (US, China & Canada) will be in the doldrums for the short period.

The Canadian PM was stupid to be dragged into this issue because he had put himself in a dire strait.  There are only bad options for him to choose now.

If he continues to pursue the US's interest, Canada's economic growth will suffer and he can forget about the China-Canada FTA that he wants to sign.  If he revokes the arrest, he will offend the US and the US will retaliate with more tax impositions on Canada.  Furthermore, the new FTA (Mexico-US-Canada) may be in jeopardy if Canada revokes the arrest.

Can Canada forgo China's market by pursuing US's interest? I don't think so!

The Canadian PM should stay out of this issue in the first place but he didn't.  He has to pay a big price now because he has only bad options to choose.

French President Macron may be forced to step down.

https://sg.finance.yahoo.com/news/paris-cleans-latest-riot-pressure-builds-macron-081403732--finance.html

The France economy is faltering, prices are rising and the people are out of jobs.  Macron will find it difficult to handle all these economic issues because of increasing protectionism.

The yellow vest protest is just a beginning as other protests, not pertaining to the fuel tax, are developing.  Macron has to develop a cordial relationship with China if he wants to address the economic issues he is facing.

If Macron continues to be influenced by Trump and goes against China, he will be dethroned by his own people in the end.  He will get a disgraceful downfall.

Saturday, December 8, 2018

US top business executives are afraid to travel to China now. Hahaha!

https://finance.yahoo.com/news/huawei-arrest-stokes-fears-china-112905042.html

The US top business executives are afraid to travel to China now after seeing Huawei CFO's arrest in Canada.

Why are those US top business executives so afraid if they're innocent?  This means that they think Huawei CFO is also innocent as she is arrested in Canada due to political reason.

Baltic dry index - 1372

Today, Friday, December 7 2018, the Baltic Dry Index climbed by 33 points, reaching 1372 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
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Related stocks: Sembcorp Marine, Cosco & Pan Ocean

US rig count - 1075

The U.S. dropped 10 oil rigs this week, according to weekly data compiled by Baker Hughes, a GE Company (BHGE).
This week’s drop marks the biggest weekly decline since May 2016.
The nation’s gas rig count, however, increased by nine this week.
The Permian Basin, which accounts for more than half of the U.S. oil rigs, lost four rigs this week. Several other basins had a decline in rigs as well: the Ardmore Woodford, DJ-Niobrara, Haynesville, Mississippian and Utica all lost one rig this week.
The Cana Woodford added two rigs this week, while the Eagle Ford and Marcellus added one rig apiece.
This week’s overall rig count in the United States is 1,075 – up one from last week.
BHGE reported Friday that the average U.S. rig count for November 2018 was 1,077 – which is 15 higher than what it was in October 2018 and 166 more than the 911 count one year ago (November 2017).
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Friday, December 7, 2018

Straits Trading - Stock calls


Date Analyst Company Last Target Call Valuation
04/10/17 OCBC Straits Trading 2.27 2.73 Buy
05/16/17 OCBC Straits Trading 2.31 2.73 Buy