Wheelock Properties - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/17	Lim & Tan	Wheelock Properties	1.82	0	Hold
03/13/17	OCBC	Wheelock Properties	1.88	2.27	Buy
06/02/17	Phillip	Wheelock Properties	1.74	2.28	Trading Buy	RNAV (15% discount)
06/05/17	OCBC	Wheelock Properties	1.82	2.27	Buy
06/14/17	DBS Vickers	Wheelock Properties	1.895	2.27	Buy
08/15/17	OCBC	Wheelock Properties	1.805	2.27	Buy
09/06/17	UOB Kay Hian	Wheelock Properties	1.84	2.33	Buy	RNAV (15% discount)
09/28/17	OCBC	Wheelock Properties	1.865	2.27	Buy
10/06/17	Lim & Tan	Wheelock Properties	1.905	0	Buy
11/15/17	UOB Kay Hian	Wheelock Properties	1.95	2.33	Buy	RNAV (15% discount)
11/24/17	OCBC	Wheelock Properties	1.91	2.27	Buy
12/01/17	UOB Kay Hian	Wheelock Properties	1.9	2.33	Buy
12/14/17	OCBC	Wheelock Properties	1.89	2.27	Buy
03/01/18	OCBC	Wheelock Properties	1.87	2.34	Buy
05/22/18	Lim & Tan	Wheelock Properties	1.81	0	Buy
06/05/18	UOB Kay Hian	Wheelock Properties	1.74	2.33	Buy
07/16/18	Lim & Tan	Wheelock Properties	1.74	0	Buy
07/19/18	Lim & Tan	Wheelock Properties	1.74	2.1	Reject offer	Offer $2.1
07/19/18	OCBC	Wheelock Properties	1.74	2.34	Reject offer	Offer $2.1
08/14/18	OCBC	Wheelock Properties	2.19	2.34	Reject offer	Offer $2.1
08/28/18	Lim & Tan	Wheelock Properties	2.2	2.1	Reject offer	Offer $2.1
09/03/18	UOB Kay Hian	Wheelock Properties	2.17	2.33	Buy
09/24/18	Lim & Tan	Wheelock Properties	2.17	2.1	Accept Offer	For Short-Term Investors
09/25/18	OCBC	Wheelock Properties	2.1	2.1	Accept Offer	Accept offer if bought under $2.10
10/03/18	OCBC	Wheelock Properties	2.1	2.1	Accept Offer

Venture - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	UOB Kay Hian	Venture	9.88	11	Buy
01/19/17	DBS Vickers	Venture	9.84	10.9	Buy
01/20/17	CIMB	Venture	9.8	10.94	Add
01/23/17	Credit Suisse	Venture	9.74	11.6	Outperform
02/08/17	UOB Kay Hian	Venture	10.28	11	Buy
02/10/17	CIMB	Venture	10.37	10.94	Add	PER14.4x FY18
02/10/17	Credit Suisse	Venture	10.37	11.6	Outperform
02/27/17	CIMB	Venture	10.32	11.5	Add	PER14.4x CY18
02/27/17	Credit Suisse	Venture	10.32	11.9	Outperform
02/27/17	DBS Vickers	Venture	10.32	11.37	Buy	PER16x FY17
02/27/17	DMG & Partners	Venture	10.32	11.2	Buy	DCF, PER16x FY17
02/27/17	Kim Eng	Venture	10.32	11.5	Buy	PER15x FY17
02/27/17	OCBC	Venture	10.32	11	Buy
02/27/17	UOB Kay Hian	Venture	10.32	12.4	Buy	PER16x FY17
02/27/17	Citibank	Venture	10.32	11.43	Buy
03/02/17	UOB Kay Hian	Venture	10.71	12.4	Buy
05/02/17	CIMB	Venture	12.2	12.01	Hold	PER14.4x FY18
05/02/17	DMG & Partners	Venture	12.2	14.1	Buy	DCF, PER17x FY17
05/02/17	Kim Eng	Venture	12.2	13.35	Buy	PER16x FY17
05/02/17	Lim & Tan	Venture	12.2	0	Buy
05/02/17	OCBC	Venture	12.2	13	Buy	DCF
05/02/17	UOB Kay Hian	Venture	12.2	13.6	Buy	PER16x FY17
05/02/17	Citibank	Venture	12.2	13.58	Buy
05/03/17	DBS Vickers	Venture	12.9	14.3	Buy	PER18.6x FY17/18
06/02/17	UOB Kay Hian	Venture	13	13.3	Hold	PER16.2x FY17, Buy @ $12
07/05/17	CIMB	Venture	11.89	12.01	Hold	PER14.4x FY18
07/05/17	UOB Kay Hian	Venture	11.89	13.3	Hold
07/10/17	OCBC	Venture	11.8	13	Buy
08/07/17	UOB Kay Hian	Venture	13.85	15.15	Buy	PER16x FY18
08/07/17	DMG & Partners	Venture	13.85	14.7	Buy	DCF, PER17x FY17
08/07/17	OCBC	Venture	13.85	14.8	Buy	DCF
08/07/17	CIMB	Venture	13.85	15.8	Add	PER15.2x FY18
08/07/17	Lim & Tan	Venture	13.85	0	Buy
08/07/17	Citibank	Venture	13.85	17.3	Buy
08/08/17	DBS Vickers	Venture	14.89	16.6	Buy	PER18.2x FY18
08/10/17	Credit Suisse	Venture	15.7	16.4	Outperform
09/13/17	Lim & Tan	Venture	15.25	0	Buy
09/15/17	Credit Suisse	Venture	16.2	20	Outperform
09/26/17	DMG & Partners	Venture	17.29	19.7	Buy	DCF, PER19x FY18
10/03/17	CIMB	Venture	18.06	20.87	Add	PER17.3x FY18
10/06/17	DBS Vickers	Venture	18.6	21	Buy	PER20x FY18/19
10/12/17	OCBC	Venture	18.55	20.33	Buy
11/06/17	UOB Kay Hian	Venture	19.29	23.5	Buy	PER18x FY18
11/06/17	DMG & Partners	Venture	19.29	24.1	Buy	DCF, PER18x FY18
11/06/17	OCBC	Venture	19.29	23	Buy
11/06/17	CIMB	Venture	19.29	24.74	Add	PER17.3x FY19
11/06/17	Lim & Tan	Venture	19.29	0	Buy
11/06/17	DBS Vickers	Venture	19.29	26	Buy	PER19.5x FY18/19
11/06/17	Credit Suisse	Venture	19.29	22.1	Outperform
11/06/17	Citibank	Venture	19.29	21.75	Buy
12/06/17	DBS Vickers	Venture	20.54	26	Buy
12/20/17	CIMB	Venture	20.2	24.74	Add
01/05/18	DBS Vickers	Venture	21.97	26	Buy
01/10/18	Kim Eng	Venture	21.57	27.5	Buy	PER18.8x FY18
01/15/18	UOB Kay Hian	Venture	22.65	23.5	Buy
01/19/18	Lim & Tan	Venture	23.15	0	Buy
01/24/18	DMG & Partners	Venture	23.9	24.1	Buy
01/24/18	Credit Suisse	Venture	23.9	27.2	Outperform
02/07/18	CIMB	Venture	22.48	24.74	Add
02/08/18	CIMB	Venture	22.29	29.13	Add
02/13/18	UOB Kay Hian	Venture	21.92	23.5	Buy
02/20/18	DMG & Partners	Venture	23.53	24.1	Buy
02/23/18	UOB Kay Hian	Venture	25.03	31.88	Buy	PER19x FY18
02/23/18	Citibank	Venture	25.03	31.74	Buy
03/01/18	OCBC	Venture	27.56	34	Buy
03/01/18	UOB Kay Hian	Venture	27.56	31.88	Buy	PER19x FY18
03/01/18	DMG & Partners	Venture	27.56	30.5	Buy	DCF, PER19x FY18
03/01/18	Kim Eng	Venture	27.56	31.2	Buy	PB3.7x FY18
03/01/18	CIMB	Venture	27.56	30.81	Add	PER17.7x FY19
03/01/18	Lim & Tan	Venture	27.56	0	Buy
03/01/18	DBS Vickers	Venture	27.56	32.2	Buy	PER19.5x FY18/19
03/05/18	Credit Suisse	Venture	26.84	32	Outperform
04/03/18	DBS Vickers	Venture	28.14	32.2	Buy
04/06/18	CIMB	Venture	27.73	30.81	Add	PER17.7x FY19
04/20/18	Lim & Tan	Venture	28.82	0	Hold
04/23/18	UOB Kay Hian	Venture	25.29	30.6	Buy	PER19x FY18
04/26/18	UOB Kay Hian	Venture	22.57	25	Buy	PER16.1x FY18
04/26/18	Credit Suisse	Venture	22.57	24	Neutral
04/26/18	OCBC	Venture	22.57	30	Buy	DCF
04/26/18	CIMB	Venture	22.57	25.64	Add	PER15.4x
04/26/18	Lim & Tan	Venture	22.57	23.4	Hold	PER16x FY18
04/26/18	DMG & Partners	Venture	22.57	26	Buy	DCF, PER17.2x FY18
04/26/18	Kim Eng	Venture	22.57	28.83	Buy
04/26/18	DBS Vickers	Venture	22.57	27.2	Buy	PER17.5x FY18/19
05/08/18	Lim & Tan	Venture	20.65	0	Buy on weakness
05/08/18	Citibank	Venture	20.65	31.74	Buy
05/25/18	CIMB	Venture	20.55	25.64	Add
06/06/18	Kim Eng	Venture	21.63	28.83	Buy	PB3.4x
06/11/18	CIMB	Venture	21.13	25.64	Add	PER15.4x
06/13/18	Lim & Tan	Venture	20.65	0	Accumulate
07/03/18	UOB Kay Hian	Venture	17.66	25	Buy
07/05/18	UOB Kay Hian	Venture	17.5	18.2	Hold	PER14x FY18, Buy @ $14
07/12/18	CIMB	Venture	16.67	17.83	Hold	PER12.3x
07/19/18	Credit Suisse	Venture	16.89	14.5	Underperform	PER11x
08/06/18	UOB Kay Hian	Venture	16.85	18.2	Hold	PER14x FY18, Buy @ $16
08/06/18	DMG & Partners	Venture	16.85	22.2	Buy	PER15.5x FY18
08/06/18	OCBC	Venture	16.85	23.23	Buy	PER15x
08/06/18	CIMB	Venture	16.85	17.83	Hold	PER12.3x
08/06/18	Lim & Tan	Venture	16.85	0	Buy
08/07/18	DBS Vickers	Venture	18.6	22.9	Buy	PER15.8x FY18/19
09/14/18	Lim & Tan	Venture	15.9	0	Buy on weakness
10/02/18	UOB Kay Hian	Venture	18.52	18.2	Hold	PER14x FY18, Buy @ $15.50
11/05/18	DMG & Partners	Venture	16.26	19	Buy	PER14x FY19
11/05/18	UOB Kay Hian	Venture	16.26	12.9	Sell	PER11x FY19
11/05/18	OCBC	Venture	16.26	20.13	Buy	PER15x FY19
11/05/18	DBS Vickers	Venture	16.26	21.3	Buy	PER15.8x FY18/19
11/05/18	CIMB	Venture	16.26	17.44	Hold	PER12.3x FY20
11/05/18	Lim & Tan	Venture	16.26	0	Hold
11/26/18	CIMB	Venture	14.72	17.44	Add	PER12.3x FY20
12/06/18	UOB Kay Hian	Venture	15.33	12.9	Sell
12/14/18	DMG & Partners	Venture	14.89	19	Buy

Stock calls for 21 December 2018

Date	Analyst	Company	Last	Target	Call	Valuation
12/21/18	CIMB	CDL Hospitality	1.51	1.63	Add
12/21/18	DBS Vickers	Sembcorp Industries	2.54	3.7	Buy
12/21/18	DBS Vickers	Yangzijiang	1.21	1.82	Buy

The truth behind the US's pullout from Syria.

The US has struck a secret deal with Turkey for the pullout from Syria.

Turkey has promised to purchase the patriot missiles in exchange for the US pullout from Syria.

https://www.channelnewsasia.com/news/world/us-approves-us-3-5b-patriot-missile-sale-to-turkey-11047632

Why?

This is because Turkey wants to invade Syria to exterminate the Syrian Kurds.  Therefore, the US has to pull out to prevent any collateral damage.  Please read about the Syrian Kurds below.

http://sg-stock.blogspot.com/2018/02/the-usa-has-abandoned-syrian-kurds.html

https://www.theguardian.com/world/2018/dec/20/syria-kurds-trump-troop-withdrawal-isis-turkey

The Syrian Kurds are in deep troubles this time as they do not have the US protection anymore.

We've stated numerous times that the US is not trustworthy in our postings. 

http://sg-stock.blogspot.com/2017/10/usa-has-forsaken-turds.html

Valuetronics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/17	CIMB	Valuetronics	0.65	0.72	Add	PER9.8x CY18
02/14/17	DMG & Partners	Valuetronics	0.65	0.65	Buy	DCF
02/14/17	UOB Kay Hian	Valuetronics	0.65	0.72	Buy	PER10.1x FY18
05/23/17	DBS Vickers	Valuetronics	0.85	0.95	Not Rated	PER8x CY17 ex-cash
05/30/17	CIMB	Valuetronics	0.815	0.89	Add	PER11x CY18
05/30/17	UOB	Valuetronics	0.815	0.8	Hold
05/31/17	DMG & Partners	Valuetronics	0.8	0.81	Neutral	DCF
06/22/17	DMG & Partners	Valuetronics	0.795	0.85	Neutral	DCF, PER10x FY18
06/30/17	Amfrasers	Valuetronics	0.795	0.86	Buy	DCF
07/05/17	CIMB	Valuetronics	0.785	0.89	Add	PER11x CY18
08/07/17	DMG & Partners	Valuetronics	0.825	0.85	Neutral
08/15/17	UOB Kay Hian	Valuetronics	0.975	0.94	Hold	PER11.7x FY18, Buy @ $0.85
08/15/17	Amfrasers	Valuetronics	0.975	0.91	Hold	DCF, PER13.6x FY18
08/15/17	CIMB	Valuetronics	0.975	1.02	Add	PER11.9x CY18
08/16/17	DMG & Partners	Valuetronics	0.96	0.93	Neutral	DCF
09/26/17	CIMB	Valuetronics	0.865	1.02	Add
11/10/17	DMG & Partners	Valuetronics	0.995	1.05	Neutral	DCF
11/14/17	CIMB	Valuetronics	1.01	1.1	Add	PER11x CY19
02/13/18	CIMB	Valuetronics	0.92	1.1	Add	PER11x CY19
02/13/18	UOB Kay Hian	Valuetronics	0.92	0.95	Buy	PER11.3x FY19, Buy @ $0.86
02/15/18	DMG & Partners	Valuetronics	0.915	1.05	Buy	DCF, PER11x FY19
03/23/18	Kim Eng	Valuetronics	0.955	1.25	Buy	ROE-g/COE-g, PB2.8x FY19
04/27/18	Kim Eng	Valuetronics	0.74	1.25	Buy	ROE-g/COE-g, PB2.8x FY19
04/27/18	CIMB	Valuetronics	0.74	1.1	Add	PER11x CY19
04/30/18	DMG & Partners	Valuetronics	0.68	0.96	Buy	PER10x FY19
05/22/18	DMG & Partners	Valuetronics	0.845	0.96	Buy
05/28/18	Lim & Tan	Valuetronics	0.825	0	Hold
05/30/18	CIMB	Valuetronics	0.795	0.95	Add	PER10x CY19
05/30/18	UOB Kay Hian	Valuetronics	0.795	0.96	Buy	PER11.3x FY19
05/30/18	DMG & Partners	Valuetronics	0.795	0.92	Buy	PER9.5x FY19
05/30/18	Kim Eng	Valuetronics	0.795	1.15	Buy
06/27/18	DMG & Partners	Valuetronics	0.665	0.92	Buy
08/15/18	Kim Eng	Valuetronics	0.735	1.05	Buy
08/15/18	UOB Kay Hian	Valuetronics	0.735	0.96	Buy	PER11.3x FY19
08/15/18	DMG & Partners	Valuetronics	0.735	0.92	Buy	PER10x FY19
08/15/18	CIMB	Valuetronics	0.735	0.95	Add	PER10x CY19
09/03/18	UOB Kay Hian	Valuetronics	0.75	0.96	Buy	PER11.3x FY19
09/24/18	CIMB	Valuetronics	0.68	0.95	Add	PER10x CY19
09/24/18	Kim Eng	Valuetronics	0.68	1.05	Buy	ROE-g/COE-g, PB2.3x FY19
09/25/18	DMG & Partners	Valuetronics	0.685	0.92	Buy	DCF
10/03/18	UOB Kay Hian	Valuetronics	0.7	0.96	Buy
11/02/18	UOB Kay Hian	Valuetronics	0.635	0.96	Buy
11/13/18	Kim Eng	Valuetronics	0.68	0.96	Buy	ROE-g/COE-g
11/13/18	UOB Kay Hian	Valuetronics	0.68	0.87	Buy	PER10.9x FY19
11/13/18	DMG & Partners	Valuetronics	0.68	0.82	Buy	DCF, PER10x FY19
11/13/18	CIMB	Valuetronics	0.68	0.93	Add	PER10x CY19
12/04/18	UOB Kay Hian	Valuetronics	0.695	0.87	Buy

Valuemax - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/07/17	Amfrasers	Valuemax	0.28	0.39	Buy	PB1.15x FY17
01/10/18	Amfrasers	Valuemax	0.295	0.39	Buy

UOL - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/17	DBS Vickers	UOL	6.2	7.2	Buy	RNAV (30% discount)
01/11/17	Kim Eng	UOL	6.34	7.39	Buy
01/12/17	CIMB	UOL	6.3	7.96	Add
01/16/17	phillip	UOL	6.29	7.05	Accumulate	RNAV
01/25/17	Kim Eng	UOL	6.45	7.39	Buy	RNAV (24% discount)
02/06/17	phillip	UOL	6.58	7.05	Accumulate
02/17/17	DBS Vickers	UOL	6.55	7.2	Buy
02/27/17	CIMB	UOL	6.65	7.96	Add	RNAV (20% discount)
02/27/17	Kim Eng	UOL	6.65	7.68	Buy	RNAV (22% discount)
02/27/17	OCBC	UOL	6.65	7.3	Buy
02/28/17	DBS Vickers	UOL	6.51	7.64	Buy	RNAV (30% discount)
02/28/17	Lim & Tan	UOL	6.51	0	Buy
02/28/17	phillip	UOL	6.51	7.4	Accumulate	RNAV (20% discount)
03/09/17	Deutsche	UOL	6.68	6.8	Hold
03/09/17	OCBC	UOL	6.68	7.3	Buy	PB0.66x
03/13/17	CIMB	UOL	6.92	7.96	Add	RNAV (20% discount)
03/13/17	Kim Eng	UOL	6.92	7.68	Buy
03/14/17	UBS	UOL	6.94	8.15	Buy
03/16/17	Kim Eng	UOL	6.93	7.93	Buy
03/17/17	DBS Vickers	UOL	6.98	7.64	Buy
03/17/17	JP Morgan	UOL	6.98	8.2	Overweight
04/10/17	DBS Vickers	UOL	7.02	7.64	Buy
04/18/17	CIMB	UOL	6.98	7.96	Add
04/27/17	phillip	UOL	7.2	7.19	Accumulate
05/12/17	Deutsche	UOL	7.1	7.5	Hold
05/12/17	Kim Eng	UOL	7.1	7.93	Buy
05/15/17	CIMB	UOL	7.07	7.96	Add	RNAV (20% discount)
05/15/17	Kim Eng	UOL	7.07	8.3	Buy
05/15/17	OCBC	UOL	7.07	7.3	Hold
05/16/17	DBS Vickers	UOL	7.09	8.73	Buy	RNAV (20% discount)
05/16/17	phillip	UOL	7.09	7.64	Accumulate	RNAV (15% discount)
05/17/17	Lim & Tan	UOL	7	0	Buy
05/29/17	Kim Eng	UOL	6.94	9.05	Buy	RNAV (15% discount)
06/05/17	Credit Suisse	UOL	7.08	9	Outperform	RNAV (25% discount)
06/14/17	DBS Vickers	UOL	7.79	8.73	Buy
06/16/17	CIMB	UOL	7.6	7.96	Add
06/16/17	Kim Eng	UOL	7.6	9.05	Buy	RNAV (15% discount)
06/22/17	Deutsche	UOL	7.68	7.5	Hold
06/23/17	Lim & Tan	UOL	7.68	0	Buy
06/23/17	OCBC	UOL	7.68	7.3	Hold	RNAV (25% discount)
06/27/17	OCBC	UOL	7.6	8.39	Buy	RNAV (20% discount)
07/11/17	Kim Eng	UOL	7.59	9.05	Buy
07/18/17	JP Morgan	UOL	7.78	8.2	Overweight
07/18/17	CIMB	UOL	7.78	7.96	Add
07/27/17	DBS Vickers	UOL	7.92	8.73	Buy	RNAV (20% discount)
08/07/17	CIMB	UOL	8.06	9.03	Add	RNAV (20% discount)
08/07/17	Kim Eng	UOL	8.06	9.05	Buy
08/07/17	phillip	UOL	8.06	8.93	Accumulate	RNAV (15% discount)
08/08/17	Lim & Tan	UOL	8.16	0	Buy
08/08/17	OCBC	UOL	8.16	9.01	Buy
08/25/17	Kim Eng	UOL	8.13	9.43	Buy	RNAV (15% discount)
08/28/17	DBS Vickers	UOL	8.03	8.73	Buy
09/04/17	OCBC	UOL	8.18	8.63	Buy
09/05/17	CIMB	UOL	8.04	9.03	Add
09/12/17	DBS Vickers	UOL	8.06	8.73	Buy
09/12/17	Lim & Tan	UOL	8.06	0	Buy
09/15/17	Credit Suisse	UOL	8.03	9.4	Outperform
09/25/17	Kim Eng	UOL	8.07	9.43	Buy	RNAV (15% discount)
10/03/17	CIMB	UOL	8.19	9.03	Add
10/06/17	Lim & Tan	UOL	8.2	0	Buy
10/09/17	Kim Eng	UOL	8.55	9.8	Buy	RNAV (10% discount)
10/20/17	Deutsche	UOL	8.98	9.2	Hold
11/10/17	Credit Suisse	UOL	8.8	9.4	Outperform
11/10/17	Kim Eng	UOL	8.8	9.85	Buy	RNAV (10% discount)
11/10/17	CIMB	UOL	8.8	9.62	Add	RNAV (20% discount)
11/10/17	DBS Vickers	UOL	8.8	10.15	Buy	RNAV (20% discount)
11/10/17	Lim & Tan	UOL	8.8	0	Buy
11/13/17	OCBC	UOL	8.75	9.7	Buy
12/06/17	DBS Vickers	UOL	8.56	10.15	Buy
12/14/17	CIMB	UOL	8.72	9.62	Add	RNAV (20% discount)
12/14/17	OCBC	UOL	8.72	9.7	Buy
12/18/17	Kim Eng	UOL	8.54	9.85	Buy
01/04/18	Deutsche	UOL	9.08	10	Buy
01/16/18	CIMB	UOL	9.34	9.62	Add
01/16/18	Kim Eng	UOL	9.34	9.85	Buy	RNAV (15% discount), PB0.85x
01/16/18	Credit Suisse	UOL	9.34	10.8	Outperform
02/07/18	OCBC	UOL	8.71	9.7	Buy
02/07/18	CIMB	UOL	8.71	9.62	Add
02/19/18	DBS Vickers	UOL	8.34	10.15	Buy
02/28/18	Kim Eng	UOL	8.52	10.4	Buy	RNAV (10% discount)
02/28/18	OCBC	UOL	8.52	10.63	Buy	RNAV
02/28/18	CIMB	UOL	8.52	9.67	Add	RNAV (20% discount)
02/28/18	Credit Suisse	UOL	8.52	10.8	Outperform
03/06/18	DBS Vickers	UOL	8.38	10.23	Buy	RNAV (15% discount)
03/12/18	OCBC	UOL	8.75	10.63	Buy
03/16/18	CIMB	UOL	8.79	9.67	Add
03/20/18	Kim Eng	UOL	8.69	10.4	Buy
04/02/18	CIMB	UOL	8.55	9.67	Add	RNAV (20% discount)
04/03/18	OCBC	UOL	8.64	10.63	Buy
04/03/18	DBS Vickers	UOL	8.64	10.23	Buy
04/11/18	Kim Eng	UOL	8.64	10.4	Buy	RNAV (10% discount)
04/13/18	Deutsche	UOL	8.64	10	Buy
05/14/18	OCBC	UOL	8.72	10.63	Buy
05/14/18	CIMB	UOL	8.72	9.65	Add	RNAV (20% discount)
05/14/18	Lim & Tan	UOL	8.72	0	Buy
05/15/18	DBS Vickers	UOL	8.61	10.23	Buy
06/13/18	DBS Vickers	UOL	8	10.23	Buy
06/13/18	CIMB	UOL	8	9.65	Add	RNAV (20% discount)
06/20/18	Kim Eng	UOL	7.5	10.85	Buy
06/26/18	OCBC	UOL	7.45	10.63	Buy
07/06/18	CIMB	UOL	7.75	9.65	Add
07/06/18	Kim Eng	UOL	7.75	10.85	Buy
07/06/18	Deutsche	UOL	7.75	8.3	Hold
07/09/18	OCBC	UOL	6.7	8.48	Buy	RNAV (35% discount)
07/09/18	DBS Vickers	UOL	6.7	7.82	Buy	RNAV (35% discount)
07/09/18	Kim Eng	UOL	6.7	8.95	Buy
07/17/18	Lim & Tan	UOL	6.79	0	Buy
08/06/18	Kim Eng	UOL	7	8.8	Buy	RNAV (35% discount)
08/06/18	OCBC	UOL	7	8.48	Buy
08/06/18	CIMB	UOL	7	8.45	Add	RNAV (30% discount)
08/07/18	DBS Vickers	UOL	7.03	7.82	Hold	RNAV (35% discount)
09/06/18	Kim Eng	UOL	6.76	8.8	Buy
09/14/18	OCBC	UOL	6.85	8.48	Buy
09/18/18	CIMB	UOL	6.88	8.45	Add
09/25/18	Deutsche	UOL	6.95	8.3	Hold
10/02/18	CIMB	UOL	6.88	8.45	Add
11/05/18	DBS Vickers	UOL	6.32	7.82	Hold
11/14/18	CIMB	UOL	6.18	8.45	Add	RNAV (30% discount)
11/14/18	OCBC	UOL	6.18	8.41	Buy	RNAV (35% discount)
11/14/18	Lim & Tan	UOL	6.18	0	Buy
12/05/18	OCBC	UOL	6.3	8.41	Buy
12/07/18	Lim & Tan	UOL	6.23	0	Buy
12/11/18	DBS Vickers	UOL	6.15	7.15	Hold	RNAV (40% discount)

Stock calls for 20 December 2018

Date	Analyst	Company	Last	Target	Call	Valuation
12/20/18	SAC Advisors	Advancer Global Ltd	0.23	0.36	Buy
12/20/18	SAC Advisors	Hong Lai Huat	0.22	0.51	Buy
12/20/18	SAC Advisors	Interra Resources	0.034	0.089	Buy
12/20/18	DBS Vickers	Netlink	0.77	0.87	Buy
12/20/18	SAC Advisors	Sanli Env	0.22	0.36	Buy
12/20/18	DBS Vickers	Singtel	2.96	3.59	Buy
12/20/18	DBS Vickers	Starhub	1.77	2.45	Buy

Ofo bikes sharing company is going to bankrupt soon!

http://www.asiaone.com/business/chinese-bike-sharing-startup-ofo-considering-bankruptcy

We had posted numerous articles on the bikes sharing business before.

https://sg-stock.blogspot.com/2018/07/ofo-bike-sharing-has-failed-in-usa.html

This kind of business is not viable at all even with a strong financial backer like Alibaba.

Hong Kong has raised its interest rate too!

https://sg.finance.yahoo.com/news/hong-kong-tracks-fed-hike-022145501.html

Due to the US-HK currency peg, HK has to increase its interest rate too.  However, this will increase the risk of its property sector and stock market because the HK stock market is heavily weighted towards property stocks.

Since the US Fed will continue to hike interest rates 2x in 2019, HK will have to follow suits too.  Therefore, it's pretty obvious what the continual interest rate hikes will do to the HK stock and property markets.

The new unlisted noble group is a useless company.

https://sg.finance.yahoo.com/news/noble-group-completes-3-5-billion-restructuring-emerge-035119431--finance.html

The existing shareholders will suffer an 80% share dilution in the new unlisted setup and these shareholders cannot cash out at all.  Therefore, the new setup is a private limited company and the existing shareholders become a minority in the new company without the same protection being listed.

Goodbye Noble!

US Fed raised interest rate for the last time in 2018.

https://finance.yahoo.com/news/federal-officials-forecast-two-rate-205719584.html

Although the US Fed raised the interest rate for the last time in 2018, it did reduce its interest rate projections in 2019.  Although the reduced projection is a mild positive, its monetary policy statement is not dovish enough to trigger any stock surge.  Instead, the stock markets plunge due to the disappointment in not pausing the interest rate hikes in 2019.

China has detained a 3rd Canadian!

https://www.channelnewsasia.com/news/asia/another-canadian-citizen-detained-in-china-huawei-11046152

Canada has no benefit in getting involved in this US and FBI's plot.

China won't let Canada off so easily because China must send a strong signal to the world not to follow Canada's footstep in helping the US to sabotage China's 5G developments.

Please read our post below to find out more.

http://sg-stock.blogspot.com/2018/12/another-perspective-of-huawei-cfos.html

UOB Kay Hian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/10/17	Lim & Tan	UOB Kay Hian	1.385	0	Buy
11/09/18	Lim & Tan	UOB Kay Hian	1.23	0	Buy