| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/08/19 | UOB Kay Hian | DBS | 23.75 | 28.5 | Buy | |
| 01/08/19 | Kim Eng | Hi-P | 0.965 | 0.68 | Sell | |
| 01/08/19 | OCBC | M1 | 2.06 | 2.06 | Accept Offer | Offer $2.06 |
| 01/08/19 | UOB Kay Hian | OCBC | 11.37 | 13.82 | Buy | |
| 01/08/19 | Kim Eng | Valuetronics | 0.69 | 0.9 | Buy | PB1.9x FY19 |
| 01/08/19 | Kim Eng | Venture | 14.44 | 17.48 | Buy | PB2x FY19, PER14.4x FY19 |
Tuesday, January 8, 2019
Stock calls for 8 January 2019
The US is using WSJ to smear China now.
https://sg.finance.yahoo.com/news/china-offered-bail-malaysias-1mdb-fund-wsj-says-032724189.html
After the failure of Bloomberg to smear China on so-called China's spy microchip which was never found and presented to the public, the US is using WSJ to launch another smearing campaign against China.
http://sg-stock.blogspot.com/2018/10/the-us-is-embarking-on-anti-china.html
http://sg-stock.blogspot.com/2018/10/apple-urged-bloomberg-to-retract-fake.html
The US government is adept at using media channels to discredit other people or countries and the US is also good at fabricating intelligence such as the Iraq's WMD's which are still not found yet.
There is no need for China to bail out 1MDB in exchange for the stakes in railway and pipelines. Why? This is because China can just offer to berth all its ships in Malaysia in exchange for the stakes in the OBR initiative since more than 70% of the ships plying the Strait of Malacca are from China. This offer is more lucrative and attractive than the so-called 1MDB offer.
Alternatively, China can buy Malaysia's bonds to prop up its currency. There are so many avenues to help Malaysia which are better than bailing out 1MDB since 1MDB has a bad name already. Why would China want to associate itself with a corrupted entity?
After the failure of Bloomberg to smear China on so-called China's spy microchip which was never found and presented to the public, the US is using WSJ to launch another smearing campaign against China.
http://sg-stock.blogspot.com/2018/10/the-us-is-embarking-on-anti-china.html
http://sg-stock.blogspot.com/2018/10/apple-urged-bloomberg-to-retract-fake.html
The US government is adept at using media channels to discredit other people or countries and the US is also good at fabricating intelligence such as the Iraq's WMD's which are still not found yet.
There is no need for China to bail out 1MDB in exchange for the stakes in railway and pipelines. Why? This is because China can just offer to berth all its ships in Malaysia in exchange for the stakes in the OBR initiative since more than 70% of the ships plying the Strait of Malacca are from China. This offer is more lucrative and attractive than the so-called 1MDB offer.
Alternatively, China can buy Malaysia's bonds to prop up its currency. There are so many avenues to help Malaysia which are better than bailing out 1MDB since 1MDB has a bad name already. Why would China want to associate itself with a corrupted entity?
ECB: Cryptocurrencies are complete loads of nonsense!
https://finance.yahoo.com/news/virtual-currencies-down-load-nonsense-171051159.html
The strongest condemnation of Crypto by the ECB!
The crypto market will start to disintegrate if the crypto prices are below the mining costs for a considerable long period such as 1 year or more. This is because the crypto miners will collapse first due to the unprofitable mining, followed by the crypto exchanges because of the low liquidity and security risks and then the crypto investors for their unrealistic thinkings.
Please read our posting below for more information.
http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html
The strongest condemnation of Crypto by the ECB!
The crypto market will start to disintegrate if the crypto prices are below the mining costs for a considerable long period such as 1 year or more. This is because the crypto miners will collapse first due to the unprofitable mining, followed by the crypto exchanges because of the low liquidity and security risks and then the crypto investors for their unrealistic thinkings.
Please read our posting below for more information.
http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html
Monday, January 7, 2019
The US is stirring up South China Sea issue again!
https://sg.news.yahoo.com/u-navy-ship-sails-disputed-south-china-sea-062311985.html
What's the purpose of this freedom of navigation when only the US naval vessels will sail through this area? No other country will dare to sail through this region.
Whenever the US naval vessel sailed through this region, they would get chased away by the Chinese navy. Look like the US navy likes to play a mouse and cat game because the US navy doesn't dare to stay put to confront the Chinese navy as it knows that the region belongs to the Chinese.
http://sg-stock.blogspot.com/2018/11/a-1947-map-showed-that-south-china-sea.html
What's the purpose of this freedom of navigation when only the US naval vessels will sail through this area? No other country will dare to sail through this region.
Whenever the US naval vessel sailed through this region, they would get chased away by the Chinese navy. Look like the US navy likes to play a mouse and cat game because the US navy doesn't dare to stay put to confront the Chinese navy as it knows that the region belongs to the Chinese.
http://sg-stock.blogspot.com/2018/11/a-1947-map-showed-that-south-china-sea.html
Avi-Tech - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/24/18 | DMG & Partners | Avi-Tech | 0.48 | 0.59 | Buy | DCF, PER12x FY18 |
| 02/20/18 | DMG & Partners | Avi-Tech | 0.49 | 0.59 | Buy | |
| 05/08/18 | DMG & Partners | Avi-Tech | 0.455 | 0.46 | Neutral | DCF, PER11.5x FY19 |
| 05/16/18 | DMG & Partners | Avi-Tech | 0.44 | 0.43 | Neutral | DCF, PER11.5x FY19 |
| 06/27/18 | DMG & Partners | Avi-Tech | 0.39 | 0.43 | Neutral | |
| 09/12/18 | DMG & Partners | Avi-Tech | 0.355 | 0.38 | Neutral | DCF |
| 11/13/18 | DMG & Partners | Avi-Tech | 0.32 | 0.34 | Neutral | DCF |
| 01/07/19 | DMG & Partners | Avi-Tech | 0.3 | 0.34 | Neutral |
Aspen - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 04/02/18 | CIMB | Aspen | 0.215 | 0.29 | Add | RNAV (45% discount) |
Asian Healthcare - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 06/18/18 | NRA | Asian Healthcare | 0.27 | 0.355 | Not Rated | PER24.2x FY19, EV/Ebitda16.18x FY19, Mid-point of target $0.33-$0.38 |
| 07/11/18 | UOB Kay Hian | Asian Healthcare | 0.24 | 0.33 | Buy | PER19.4x FY19 |
| 10/22/18 | UOB Kay Hian | Asian Healthcare | 0.265 | 0.33 | Buy |
Stock calls for 7 January 2019
-->
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/07/19 | DMG & Partners | Avi-Tech | 0.3 | 0.34 | Neutral | |
| 01/07/19 | CIMB | Capitaland | 3.06 | 3.55 | Add | RNAV (35% discount) |
| 01/07/19 | DMG & Partners | CSE Global | 0.395 | 0.59 | Buy | |
| 01/07/19 | DMG & Partners | GSS Energy | 0.097 | 0.19 | Buy | |
| 01/07/19 | DMG & Partners | Kimly | 0.24 | 0.27 | Neutral | |
| 01/07/19 | DMG & Partners | Moya Asia | 0.06 | 0.11 | Buy | |
| 01/07/19 | UOB Kay Hian | SIA Engineering | 2.39 | 2.7 | Buy | DCF |
| 01/07/19 | DBS Vickers | Silverlake | 0.425 | 0.62 | Buy | PER21x FY19 |
| 01/07/19 | OCBC | SPH Reit | 1.01 | 0.99 | Hold | |
| 01/07/19 | Kim Eng | SPH Reit | 1.01 | 1.02 | Hold | DDM |
| 01/07/19 | DBS Vickers | SPH Reit | 1.01 | 1.05 | Buy | DCF |
| 01/07/19 | Lim & Tan | SPH Reit | 1.01 | 0 | Hold | |
| 01/07/19 | CIMB | SPH Reit | 1.01 | 1.02 | Hold | DDM |
| 01/07/19 | DMG & Partners | Talkmed | 0.59 | 0.64 | Neutral | |
| 01/07/19 | DMG & Partners | Valuetronics | 0.675 | 0.82 | Buy | |
| 01/07/19 | UOB Kay Hian | Venture | 13.71 | 12.9 | Hold | |
| 01/07/19 | Lim & Tan | Venture | 13.71 | 0 | Buy | |
| 01/07/19 | CIMB | Yongnam | 0.183 | 0.41 | Add | PB0.8x FY19 |
Saturday, January 5, 2019
Taiwan president is making a ridiculous call for international support.
https://www.reuters.com/article/us-taiwan-china/taiwan-president-calls-for-international-support-to-defend-democracy-idUSKCN1OZ058
First of all, Taiwan is part of China as stated by the UN resolution 2758 under the one-China policy.
If you want to have democracy, you need to change the UN resolution 2758 first but it cannot be changed without 2/3 approvals from the UN members.
Please also look at the western map in 1947 which showed the true ownership of Taiwan.
http://sg-stock.blogspot.com/2018/11/a-1947-map-showed-that-south-china-sea.html
First of all, Taiwan is part of China as stated by the UN resolution 2758 under the one-China policy.
If you want to have democracy, you need to change the UN resolution 2758 first but it cannot be changed without 2/3 approvals from the UN members.
Please also look at the western map in 1947 which showed the true ownership of Taiwan.
http://sg-stock.blogspot.com/2018/11/a-1947-map-showed-that-south-china-sea.html
Baltic dry index - 1260
Today, Friday, January 04 2019, the Baltic Dry Index decreased by 7 points, reaching 1260 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 - 1075
The US rig count fell 8 units during the week ended Jan. 4 to reach 1,075 units working, according to Baker Hughes data (OGJ Online, Dec. 28, 2018). This count was up 151 units from the 924 units working in the US this week a year ago.
US rigs drilling on land fell 6 units to 1,050 vs. last week. Offshore rigs dropped 2 units to 22, and there also were 22 rigs drilling in the Gulf of Mexico, also down 2 units.
US rigs targeting oil reached 877 this week, 8 fewer than a week ago. Gas-focused rigs remained unchanged at 198 units.
In Canada, there were 76 rigs working, 6 more than a week ago. This count is down 98 units from the 174 rigs working this week a year ago.
The number of oil-directed rigs in Canada rose 5 units, bringing the count to 20 rigs for the week. Gas-targeted rigs in Canada were up 1 unit to 56.
Among the major oil and gas-producing states, California, at 10 rigs, was down 5 units this week. Louisiana, down 2 rigs, reached 65 units working. New Mexico and Wyoming, with respective counts of 105 and 33 this week, were down 1 unit each.
Colorado gained 1 rig to reach 35 units working. Texas, at 534 units, and Alaska, at 9 units, each gained 2 rigs this week.
All other states were unchanged this week. These counts were Oklahoma, 140; North Dakota, 53; Pennsylvania, 47; Ohio, 15; West Virginia, 12; Utah, 6; and Kansas, 2.
In the Permian basin, a total of 487 rigs were drilling, up 1 unit from a week ago and 87 more than this week a year ago. The Eagle Ford had 80 rigs drilling this week, unchanged from last week but up 10 from this week a year ago.
=====================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
Friday, January 4, 2019
The stock markets are in a precarious situation now.
The US-China trade talk will convene on 7-8 Jan 2019 in China.
If the trade talk breaks down, the stock markets will pummel again!
If the trade talk breaks down, the stock markets will pummel again!
Ascendas India Trust (AIT) - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/30/18 | DBS Vickers | Ascendas India Trust | 1.13 | 1.25 | Buy | |
| 04/26/18 | DBS Vickers | Ascendas India Trust | 1.01 | 1.22 | Buy | DDM |
| 04/26/18 | Jefferies | Ascendas India Trust | 1.01 | 1.2 | Buy | |
| 05/15/18 | DBS Vickers | Ascendas India Trust | 1.05 | 1.22 | Buy | |
| 06/26/18 | DBS Vickers | Ascendas India Trust | 1.02 | 1.25 | Buy | DDM |
| 07/26/18 | DBS Vickers | Ascendas India Trust | 1.09 | 1.25 | Buy | DDM |
| 10/25/18 | DBS Vickers | Ascendas India Trust | 1.06 | 1.25 | Buy | DDM |
Ascendas Hospitality Trust (AHT) - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/30/18 | DBS Vickers | Ascendas Hospitality Trust | 0.875 | 0.91 | Buy | |
| 02/02/18 | Lim & Tan | Ascendas Hospitality Trust | 0.895 | 0 | Hold | |
| 02/05/18 | DBS Vickers | Ascendas Hospitality Trust | 0.885 | 0.97 | Buy | DCF |
| 04/17/18 | DBS Vickers | Ascendas Hospitality Trust | 0.8 | 0.97 | Buy | |
| 06/26/18 | DBS Vickers | Ascendas Hospitality Trust | 0.775 | 0.98 | Buy | DCF |
| 07/06/18 | DBS Vickers | Ascendas Hospitality Trust | 0.785 | 0.98 | Buy | |
| 11/02/18 | DBS Vickers | Ascendas Hospitality Trust | 0.805 | 0.98 | Buy | DCF |
ART - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/29/18 | UOB Kay Hian | ART | 1.26 | 1.23 | Hold | |
| 01/29/18 | OCBC | ART | 1.26 | 1.16 | Hold | |
| 01/29/18 | DBS Vickers | ART | 1.26 | 1.34 | Buy | DCF |
| 03/15/18 | UOB Kay Hian | ART | 1.16 | 1.23 | Hold | |
| 04/17/18 | DBS Vickers | ART | 1.14 | 1.34 | Buy | |
| 04/18/18 | Lim & Tan | ART | 1.13 | 0 | Neutral | |
| 04/19/18 | UOB Kay Hian | ART | 1.14 | 1.23 | Hold | DDM |
| 04/19/18 | DBS Vickers | ART | 1.14 | 1.3 | Buy | DCF |
| 07/06/18 | DBS Vickers | ART | 1.09 | 1.3 | Buy | |
| 07/25/18 | OCBC | ART | 1.13 | 1 | Sell | |
| 07/25/18 | UOB Kay Hian | ART | 1.13 | 1.18 | Hold | DDM |
| 07/25/18 | CIMB | ART | 1.13 | 1.16 | Hold | DDM |
| 07/25/18 | DBS Vickers | ART | 1.13 | 1.25 | Buy | DCF |
| 08/30/18 | DBS Vickers | ART | 1.08 | 1.25 | Buy | DCF |
| 09/17/18 | Kim Eng | ART | 1.07 | 1.15 | Hold | DDM |
| 09/20/18 | Lim & Tan | ART | 1.09 | 0 | Hold | |
| 09/21/18 | CIMB | ART | 1.09 | 1.12 | Hold | |
| 09/21/18 | DBS Vickers | ART | 1.09 | 1.25 | Buy | |
| 10/25/18 | UOB Kay Hian | ART | 1.07 | 1.18 | Hold | |
| 11/02/18 | Kim Eng | ART | 1.05 | 1.15 | Hold | DDM |
| 11/02/18 | OCBC | ART | 1.05 | 1.03 | Hold | |
| 11/02/18 | UOB Kay Hian | ART | 1.05 | 1.15 | Hold | DDM, Buy @ $1.05 |
| 11/02/18 | CIMB | ART | 1.05 | 1.12 | Hold | |
| 11/02/18 | Lim & Tan | ART | 1.05 | 0 | Buy |
Stock calls for 4 January 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 11/04/19 | phillip | China Sunsine | 1.2 | 1.68 | Buy | |
| 01/04/19 | Phillip | A-Reit | 2.57 | 2.78 | Accumulate | |
| 01/04/19 | Phillip | CapitaCommercial | 1.75 | 1.9 | Accumulate | |
| 01/04/19 | Lim & Tan | City Developments | 7.94 | 0 | Buy | |
| 01/04/19 | UOB Kay Hian | CSE Global | 0.385 | 0.59 | Buy | |
| 01/04/19 | UOB Kay Hian | Fu Yu | 0.186 | 0.27 | Buy | |
| 01/04/19 | phillip | Geo Energy | 0.176 | 0.245 | Buy | |
| 01/04/19 | DBS Vickers | Jardine C&C | 35.28 | 43.1 | Buy | |
| 01/04/19 | OCBC | Keppel Corp | 5.81 | 7.25 | Buy | Sum of parts |
| 01/04/19 | Phillip | Keppel DC Reit | 1.36 | 1.45 | Accumulate | |
| 01/04/19 | Phillip | M1 | 2.08 | 2.06 | Accept Offer | Offer $2.06 |
| 01/04/19 | UOB Kay Hian | OCBC | 11.03 | 14.05 | Buy | |
| 01/04/19 | UOB Kay Hian | SATS | 4.59 | 5.6 | Buy | |
| 01/04/19 | phillip | SGX | 7.15 | 9.01 | Buy | |
| 01/04/19 | phillip | Sheng Siong | 1.07 | 1.13 | Accumulate | |
| 01/04/19 | Phillip | Singtel | 2.86 | 3.4 | Buy | Sum of parts |
| 01/04/19 | Phillip | Starhub | 1.71 | 1.88 | Accumlate | EV/Ebitda6x FY19 |
| 01/04/19 | phillip | UOB | 23.99 | 32.52 | Buy | |
| 01/04/19 | Lim & Tan | UOL | 6 | 0 | Buy | |
| 01/04/19 | UOB Kay Hian | Valuetronics | 0.66 | 0.87 | Buy | |
| 01/04/19 | CIMB | Yongnam | 0.183 | 0.4 | Add | PB0.8x FY19 |
Iphone sales in China won't be good in these 2 years. Why?
Apple won't be performing well in China in these 2 years. Why?
This is because China will be deploying Huawei 5G in 2020 and Huawei will be pushing out its 5G mobile phones with its own 5G chips to tap on the super fast 5G network. Many China mobile manufacturers like Xiaomi, Oppo, Vivo, etc will be producing their own 5G phones too.
Huawei 5G network is super fast and cheap. Please see below for more information.
http://sg-stock.blogspot.com/2019/01/the-real-reason-behind-ban-of-huaweis-5g.html
Therefore, consumers won't be upgrading their phones now and will be delaying their purchases because they will want the 5G phones for the fast network. As the current Iphones are not 5G ready since they don't have 5G chips, Iphones' sales will be bad in China for these 2 years.
This is because China will be deploying Huawei 5G in 2020 and Huawei will be pushing out its 5G mobile phones with its own 5G chips to tap on the super fast 5G network. Many China mobile manufacturers like Xiaomi, Oppo, Vivo, etc will be producing their own 5G phones too.
Huawei 5G network is super fast and cheap. Please see below for more information.
http://sg-stock.blogspot.com/2019/01/the-real-reason-behind-ban-of-huaweis-5g.html
Therefore, consumers won't be upgrading their phones now and will be delaying their purchases because they will want the 5G phones for the fast network. As the current Iphones are not 5G ready since they don't have 5G chips, Iphones' sales will be bad in China for these 2 years.
Hot news! NTUC Fairprice will sign a 3-year contract with Kaohsiung for its farm products.
I've just watched the online news announced by Kaohsiung Mayor Han. He announced that Kaohsiung would be signing a 3-year contract with NTUC Fairprice for its farm products.
NTUC Fairprice will be selling a lot of Taiwanese farm products soon.
NTUC Fairprice will be selling a lot of Taiwanese farm products soon.
Thursday, January 3, 2019
The real reason behind the ban of Huawei's 5G.
When the western countries cannot compete with Huawei's 5G, they will embark on smearing campaign to discredit Huawei.
Nokia and A1 5G speed are 1.4gbps.
https://www.telegeography.com/products/commsupdate/articles/2018/06/12/a1-and-nokia-5g-trial-achieves-speeds-of-1-4gbps/
AT&T 5G speed is 625mbps.
https://www.androidpolice.com/2018/12/31/atts-first-5g-speed-tests-are-here-and-theyre-not-great/
Huawei 5G speed is 2.7gbps.
https://defence.pk/pdf/threads/huawei-successfully-completed-5g-network-speed-test-in-italy-speed-up-to-2-7g-sec.594137/
The real reason that the western countries ban Huawei's 5G is that it is cheaper and faster. They simply cannot compete with Huawei because Huawei has the most 5G patents in the world.
Nokia and A1 5G speed are 1.4gbps.
https://www.telegeography.com/products/commsupdate/articles/2018/06/12/a1-and-nokia-5g-trial-achieves-speeds-of-1-4gbps/
AT&T 5G speed is 625mbps.
https://www.androidpolice.com/2018/12/31/atts-first-5g-speed-tests-are-here-and-theyre-not-great/
Huawei 5G speed is 2.7gbps.
https://defence.pk/pdf/threads/huawei-successfully-completed-5g-network-speed-test-in-italy-speed-up-to-2-7g-sec.594137/
The real reason that the western countries ban Huawei's 5G is that it is cheaper and faster. They simply cannot compete with Huawei because Huawei has the most 5G patents in the world.
Does STI really generate 9.2% annualised total return from 2009-2018?
https://www.businesstimes.com.sg/companies-markets/sti-generates-92-annualised-total-return-in-2009-2018-period-sgx
This is a pseudo analysis generated by an inexperienced person with limited financial knowledge.
STI components had been changing over the last decade and the weaker stocks had been kicked out of the STI constituents. STI is downsized to 30 stocks now compared to the original 50 stocks. The STI was downsized to 45 and 30 respectively. Even the 30 stocks had been changed a few times as the weaker stocks were removed from the STI.
Therefore, it is irrelevant to do the annualised total return on STI because the current 30 stocks are not the original 30 stocks. We are not comparing apples to apples now.
Do not get deceived by this pseudo analysis!
This is a pseudo analysis generated by an inexperienced person with limited financial knowledge.
STI components had been changing over the last decade and the weaker stocks had been kicked out of the STI constituents. STI is downsized to 30 stocks now compared to the original 50 stocks. The STI was downsized to 45 and 30 respectively. Even the 30 stocks had been changed a few times as the weaker stocks were removed from the STI.
Therefore, it is irrelevant to do the annualised total return on STI because the current 30 stocks are not the original 30 stocks. We are not comparing apples to apples now.
Do not get deceived by this pseudo analysis!
APTV - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/28/18 | Phillip | APTV | 0.575 | 0.62 | Accumulate | |
| 05/17/18 | Phillip | APTV | 0.465 | 0.52 | Buy | |
| 07/16/18 | Phillip | APTV | 0.425 | 0.52 | Buy | |
| 08/07/18 | Phillip | APTV | 0.405 | 0.35 | Reduce | |
| 11/19/18 | Phillip | APTV | 0.167 | 0.17 | Accumulate | DCF |
APAC Realty - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/12/18 | DMG & Partners | APAC Realty | 0.94 | 1.2 | Buy | |
| 02/19/18 | DBS Vickers | APAC Realty | 1.02 | 1.12 | Buy | |
| 02/20/18 | DMG & Partners | APAC Realty | 1.06 | 1.2 | Buy | |
| 02/26/18 | DMG & Partners | APAC Realty | 1.1 | 1.35 | Buy | DCF |
| 02/26/18 | DBS Vickers | APAC Realty | 1.1 | 1.25 | Buy | DCF & PER15x FY18 |
| 03/20/18 | DBS Vickers | APAC Realty | 1.19 | 1.42 | Buy | DCF & PER15x FY18 |
| 04/10/18 | DMG & Partners | APAC Realty | 1.17 | 1.35 | Buy | |
| 05/10/18 | DBS Vickers | APAC Realty | 1.03 | 1.32 | Buy | DCF & PER15x FY18 |
| 05/30/18 | DMG & Partners | APAC Realty | 0.905 | 1.35 | Buy | DCF |
| 06/06/18 | DBS Vickers | APAC Realty | 0.925 | 1.32 | Buy | |
| 06/18/18 | DBS Vickers | APAC Realty | 0.815 | 1.22 | Buy | DCF |
| 07/03/18 | DMG & Partners | APAC Realty | 0.785 | 1.35 | Buy | |
| 07/09/18 | DBS Vickers | APAC Realty | 0.58 | 0.66 | Fully Valued | PER10x FY18 |
| 07/13/18 | DMG & Partners | APAC Realty | 0.605 | 0.77 | Buy | DCF |
| 08/08/18 | DMG & Partners | APAC Realty | 0.63 | 0.77 | Buy | DCF |
| 08/08/18 | DBS Vickers | APAC Realty | 0.63 | 0.62 | Hold | PER10x FY19 |
| 09/03/18 | DMG & Partners | APAC Realty | 0.57 | 0.77 | Buy | DCF |
| 09/07/18 | DBS Vickers | APAC Realty | 0.565 | 0.62 | Hold | PER10x FY19 |
| 11/13/18 | DMG & Partners | APAC Realty | 0.495 | 0.72 | Buy | DCF |
| 11/14/18 | DBS Vickers | APAC Realty | 0.5 | 0.56 | Hold | PER10x FY19 |
Aoxin Q&M - Stock calls
| Date | Analyst | Code | Company | Last | Target | Call | Percent | Valuation |
| 06/01/18 | Phillip | 1D4 | Aoxin Q&M | 0.22 | 0.29 | Not Rated | 31.82 | PER35x FY19 |
Stock calls for 3 January 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/03/19 | UOB Kay Hian | Bumitama | 0.67 | 0.81 | Buy | |
| 01/03/19 | OCBC | Capitaland | 3.07 | 3.96 | Buy | |
| 01/03/19 | CIMB | DBS | 23.49 | 27 | Hold | |
| 01/03/19 | UOB Kay Hian | First Resources | 1.56 | 1.6 | Hold | |
| 01/03/19 | UOB Kay Hian | Golden Agri | 0.245 | 0.2 | Sell | |
| 01/03/19 | CIMB | OCBC | 11.1 | 14 | Add | |
| 01/03/19 | OCBC | UOL | 6.07 | 8.41 | Buy | |
| 01/03/19 | UOB Kay Hian | Wilmar | 3.13 | 3.9 | Buy |
The US treasury's situation is getting chaotic.
2-year yield > 5-year yield
2-year yield > 3-year yield
1-year yield > 7-year yield
1-year yield > 5-year yield
1-year yield > 3-year yield
1-year yield > 2-year yield
6-month yield > 5-year yield
6-month yield > 3-year yield
6-month yield > 2-year yield
6-month yield > 1-year yield
http://sg-stock.blogspot.com/2018/12/the-us-markets-fell-heavily-because-of.html
The investors are buying the longer maturities rather than the shorter maturities because they've lost faith in the short-term debts out of fear that the government has short-term cashflow problems. This is understandable from the investors' perspective because of the US government shutdown. Nobody will believe that the US government will shut down for a long period and this is the reason that the investors will still buy the longer dated treasuries.
Apple plunges after Iphone sales disappoint.
https://finance.yahoo.com/news/apple-cuts-first-quarter-revenue-214529525.html
This is not surprising as we've been warning about Apple.
http://sg-stock.blogspot.com/2018/11/more-bad-news-for-apple.html
http://sg-stock.blogspot.com/2018/12/apple-iphones-are-banned-in-china-now.html
Investors would have avoided catching the falling knife if they've read our postings.
Cheers!
This is not surprising as we've been warning about Apple.
http://sg-stock.blogspot.com/2018/11/more-bad-news-for-apple.html
http://sg-stock.blogspot.com/2018/12/apple-iphones-are-banned-in-china-now.html
Investors would have avoided catching the falling knife if they've read our postings.
Cheers!
Wednesday, January 2, 2019
Amara - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/26/18 | DMG & Partners | Amara | 0.55 | 0.88 | Buy | PB0.65x |
| 05/16/18 | DMG & Partners | Amara | 0.515 | 0.88 | Buy | PB0.65x |
| 08/21/18 | DMG & Partners | Amara | 0.475 | 0.88 | Buy | RNAV (35% discount) |
| 11/14/18 | DMG & Partners | Amara | 0.42 | 0.88 | Buy | PB0.65x |
AIMS AMP Cap Ind Reit - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/01/18 | Lim & Tan | AIMS AMP Cap Ind Reit | 1.37 | 0 | Hold | |
| 02/02/18 | Kim Eng | AIMS AMP Cap Ind Reit | 1.37 | 1.5 | Buy | |
| 03/19/18 | DBS Vickers | AIMS AMP Cap Ind Reit | 1.38 | 1.57 | Not Rated | |
| 04/16/18 | Kim Eng | AIMS AMP Cap Ind Reit | 1.38 | 1.5 | Buy | DDM |
| 06/19/18 | DBS Vickers | AIMS AMP Cap Ind Reit | 1.38 | 1.55 | Buy | DCF |
| 07/06/18 | DBS Vickers | AIMS AMP Cap Ind Reit | 1.38 | 1.55 | Buy | |
| 10/26/18 | DBS Vickers | AIMS AMP Cap Ind Reit | 1.35 | 1.55 | Buy | DCF |
| 12/07/18 | DBS Vickers | AIMS AMP Cap Ind Reit | 1.34 | 1.5 | Buy | DCF |
AEM - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/10/18 | CIMB | AEM | 3.31 | 4.55 | Add | |
| 01/24/18 | CIMB | AEM | 4.16 | 5.97 | Add | PER10x CY19 |
| 02/02/18 | CIMB | AEM | 4.97 | 6.62 | Add | PER10x CY19 |
| 03/02/18 | CIMB | AEM | 6.3 | 8.19 | Add | PER10x CY19 |
| 04/03/18 | CIMB | AEM | 6.78 | 8.19 | Add | PER10x FY19 |
| 04/26/18 | CIMB | AEM | 6.32 | 7.24 | Add | PER10x FY19 |
| 05/25/18 | CIMB | AEM | 1.47 | 1.78 | Add | 3-for-1 bonus |
| 08/01/18 | CIMB | AEM | 0.995 | 0.69 | Reduce | PER10x FY19 |
| 11/01/18 | CIMB | AEM | 0.8 | 0.75 | Hold | PER10x FY19 |
Stock calls for 2 January 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/02/19 | DMG & Partners | A-Reit | 2.57 | 2.9 | Buy | |
| 01/02/19 | DMG & Partners | Capitaland | 3.11 | 4 | Buy | |
| 01/02/19 | DMG & Partners | CDL Hospitality | 1.46 | 1.8 | Buy | |
| 01/02/19 | CIMB | CDL Hospitality | 1.46 | 1.63 | Add | |
| 01/02/19 | DMG & Partners | DBS | 23.69 | 29.8 | Buy | GGM, PB1.54x FY19 |
| 01/02/19 | DMG & Partners | Delfi | 1.32 | 1.59 | Buy | |
| 01/02/19 | DMG & Partners | Fu Yu | 0.19 | 0.23 | Buy | |
| 01/02/19 | DMG & Partners | Genting | 0.975 | 1.23 | Buy | |
| 01/02/19 | DMG & Partners | HRnetGroup | 0.8 | 1.18 | Buy | |
| 01/02/19 | DBS Vickers | Keppel KBS | 0.61 | 0.78 | Buy | DCF |
| 01/02/19 | Kim Eng | M1 | 2.09 | 1.63 | Sell | |
| 01/02/19 | DMG & Partners | Manulife US Reit | 0.77 | 0.92 | Buy | |
| 01/02/19 | DBS Vickers | Manulife US Reit | 0.77 | 0.88 | Buy | DCF |
| 01/02/19 | CIMB | Mapletree Logistics | 1.26 | 1.42 | Add | DDM |
| 01/02/19 | UOB Kay Hian | Netlink | 0.765 | 0.99 | Buy | DCF |
| 01/02/19 | Kim Eng | Netlink | 0.765 | 0.93 | Buy | |
| 01/02/19 | CIMB | OUE Hospitality | 0.67 | 0.85 | Add | |
| 01/02/19 | DMG & Partners | Sheng Siong | 1.06 | 1.27 | Buy | |
| 01/02/19 | DMG & Partners | Silverlake | 0.415 | 0.65 | Buy | |
| 01/02/19 | DMG & Partners | Singapore Medical | 0.4 | 0.56 | Buy | |
| 01/02/19 | UOB Kay Hian | Singtel | 2.83 | 3.58 | Buy | DCF |
| 01/02/19 | Kim Eng | Singtel | 2.83 | 3.39 | Hold | |
| 01/02/19 | DMG & Partners | ST Engineering | 3.51 | 3.97 | Buy | |
| 01/02/19 | DMG & Partners | Starhill | 0.68 | 0.8 | Buy | |
| 01/02/19 | UOB Kay Hian | Starhub | 1.75 | 1.6 | Sell | |
| 01/02/19 | Kim Eng | Starhub | 1.75 | 2.21 | Buy | |
| 01/02/19 | DMG & Partners | UOB | 24.57 | 30.8 | Buy | GGM, PB1.41x FY19 |
| 01/02/19 | DMG & Partners | Venture | 13.85 | 19 | Buy | |
| 01/02/19 | DMG & Partners | Wilmar | 3.16 | 3.58 | Buy |
Singapore Q4 GDP growth has slowed down!
https://sg.finance.yahoo.com/news/singapore-q4-gdp-growth-cools-trade-woes-darken-031521709--business.html
Singapore Q4 GDP growth has slowed to 1.6% compared to the expected 3.2% quarter on quarter forecast. The year on year growth has also slowed to 2.2% than the 2.3% forecast.
Singapore Q4 GDP growth has slowed to 1.6% compared to the expected 3.2% quarter on quarter forecast. The year on year growth has also slowed to 2.2% than the 2.3% forecast.
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