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Wednesday, January 30, 2019

Frasers Centrepoint Trust - Stock calls


Date Analyst Company Last Target Call Valuation
01/02/18 Kim Eng Frasers Centrepoint Trust 2.24 2.45 Buy DDM
01/05/18 DMG & Partners Frasers Centrepoint Trust 2.29 2.24 Neutral
01/15/18 OCBC Frasers Centrepoint Trust 2.26 2.4 Buy
01/24/18 Phillip Frasers Centrepoint Trust 2.3 2.14 Neutral DDM, PB1.06x
01/24/18 UOB Kay Hian Frasers Centrepoint Trust 2.3 2.43 Buy DDM
01/24/18 Credit Suisse Frasers Centrepoint Trust 2.3 2.26 Neutral
01/24/18 OCBC Frasers Centrepoint Trust 2.3 2.49 Buy
01/24/18 CIMB Frasers Centrepoint Trust 2.3 2.41 Add DDM
01/24/18 Lim & Tan Frasers Centrepoint Trust 2.3 0 Buy
01/24/18 DBS Vickers Frasers Centrepoint Trust 2.3 2.48 Buy
02/20/18 DBS Vickers Frasers Centrepoint Trust 2.15 2.48 Buy
03/06/18 OCBC Frasers Centrepoint Trust 2.18 2.49 Buy
04/12/18 Kim Eng Frasers Centrepoint Trust 2.25 2.55 Buy
04/13/18 DBS Vickers Frasers Centrepoint Trust 2.24 2.48 Buy
04/25/18 OCBC Frasers Centrepoint Trust 2.22 2.49 Buy
04/26/18 Phillip Frasers Centrepoint Trust 2.21 2.14 Neutral DDM, PB1.06x
04/26/18 UOB Kay Hian Frasers Centrepoint Trust 2.21 2.43 Buy DDM
04/26/18 DBS Vickers Frasers Centrepoint Trust 2.21 2.45 Buy
04/26/18 CIMB Frasers Centrepoint Trust 2.21 2.41 Add DDM
05/08/18 DBS Vickers Frasers Centrepoint Trust 2.21 2.45 Buy
05/17/18 DMG & Partners Frasers Centrepoint Trust 2.16 2.24 Neutral
05/23/18 OCBC Frasers Centrepoint Trust 2.2 2.49 Buy
06/26/18 DBS Vickers Frasers Centrepoint Trust 2.17 2.45 Buy
07/06/18 DBS Vickers Frasers Centrepoint Trust 2.2 2.45 Buy
07/25/18 Kim Eng Frasers Centrepoint Trust 2.27 2.55 Buy DDM
07/25/18 UOB Kay Hian Frasers Centrepoint Trust 2.27 2.32 Buy DDM
07/25/18 OCBC Frasers Centrepoint Trust 2.27 2.49 Buy
07/25/18 CIMB Frasers Centrepoint Trust 2.27 2.41 Add DDM
07/25/18 Lim & Tan Frasers Centrepoint Trust 2.27 0 Hold
07/27/18 Phillip Frasers Centrepoint Trust 2.24 2.15 Neutral DDM, PB1.11x FY18
08/24/18 DBS Vickers Frasers Centrepoint Trust 2.28 2.45 Buy
09/04/18 OCBC Frasers Centrepoint Trust 2.27 2.49 Buy
09/05/18 CIMB Frasers Centrepoint Trust 2.29 2.49 Add DDM
10/10/18 CIMB Frasers Centrepoint Trust 2.23 2.49 Add
10/16/18 DMG & Partners Frasers Centrepoint Trust 2.23 2.24 Neutral DDM
10/17/18 Phillip Frasers Centrepoint Trust 2.23 2.15 Neutral
10/25/18 OCBC Frasers Centrepoint Trust 2.23 2.5 Buy
10/25/18 UOB Kay Hian Frasers Centrepoint Trust 2.23 2.32 Buy DDM
10/25/18 DBS Vickers Frasers Centrepoint Trust 2.23 2.35 Buy
10/25/18 CIMB Frasers Centrepoint Trust 2.23 2.4 Add DDM
10/25/18 Lim & Tan Frasers Centrepoint Trust 2.23 0 Hold
10/26/18 DMG & Partners Frasers Centrepoint Trust 2.22 2.19 Neutral
11/16/18 CIMB Frasers Centrepoint Trust 2.15 2.35 Add DDM
11/21/18 Phillip Frasers Centrepoint Trust 2.15 2.21 Neutral
11/29/18 Kim Eng Frasers Centrepoint Trust 2.17 2.55 Buy
12/03/18 OCBC Frasers Centrepoint Trust 2.16 2.5 Buy
12/11/18 DMG & Partners Frasers Centrepoint Trust 2.17 2.19 Neutral
01/17/19 Kim Eng Frasers Centrepoint Trust 2.27 2.55 Buy DDM
01/22/19 Lim & Tan Frasers Centrepoint Trust 2.26 0 Hold
01/22/19 OCBC Frasers Centrepoint Trust 2.26 2.5 Buy
01/23/19 Phillip Frasers Centrepoint Trust 2.27 2.21 Neutral DDM, PB1.09x FY19
01/23/19 DBS Vickers Frasers Centrepoint Trust 2.27 2.4 Buy
01/28/19 UOB Kay Hian Frasers Centrepoint Trust 2.29 2.32 Buy
01/28/19 CIMB Frasers Centrepoint Trust 2.29 2.35 Add DDM

Fortune Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/29/19 DBS Vickers Fortune Reit 9.7 10.68 Buy

Stock calls for 30 January 2019


Date Analyst Company Last Target Call Valuation
01/30/19 Kim Eng AEM 0.905 1.21 Buy PB2.9x FY19/20, EV/Ebitda5.2x FY20
01/30/19 OCBC ART 1.19 1.25 Buy
01/30/19 DBS Vickers ART 1.19 1.35 buy DCF
01/30/19 DBS Vickers Ascendas Hospitality Trust 0.835 0.98 Buy DCF
01/30/19 Kim Eng Japfa 0.81 0.99 Buy
01/30/19 Phillip Micro-Mechanics 1.67 1.7 Accumulate PER15x FY19
01/30/19 DBS Vickers OUE Hospitality 0.695 0.85 Buy DCF
01/30/19 DBS Vickers Parkway Life 2.8 3.1 Buy

Tuesday, January 29, 2019

Food Empire - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/18 DMG & Partners Food Empire 0.705 1 Buy PER12x FY18
02/20/18 DMG & Partners Food Empire 0.67 1 Buy
03/02/18 DMG & Partners Food Empire 0.7 1.07 Buy PER18x FY18
05/14/18 DMG & Partners Food Empire 0.67 1.07 Buy PER18x FY18
06/22/18 DMG & Partners Food Empire 0.65 1.07 Buy
08/15/18 DMG & Partners Food Empire 0.56 0.6 Neutral PER14x FY18
11/19/18 DMG & Partners Food Empire 0.54 0.66 Buy PER13x FY19

First Sponsor - Stock calls


Date Analyst Company Last Target Call Valuation
02/09/18 Lim & Tan First Sponsor 1.41 0 Buy
07/24/18 DBS Vickers First Sponsor 1.25 1.62 Buy
11/01/18 DBS Vickers First Sponsor 1.27 1.62 Buy RNAV (35% discount)

First Ship Lease Trust (FSLT) - Stock calls


Date Analyst Code Company Last Target Call Percent Valuation
01/17/18 Amfrasers D8DU First Ship Lease Trust 0.093 0.15 Buy 61.29

Stock calls for 29 January 2019


Date Analyst Company Last Target Call Valuation
01/29/19 CIMB DBS 24.22 29 Add GGM, PB1.4x CY19
01/29/19 DBS Vickers Fortune Reit 9.7 10.68 Buy
01/29/19 CIMB Japfa 0.82 0.9 Add Sum of parts
01/29/19 Amfrasers Keppel Corp 6.14 7.5 Hold
01/29/19 Macquarie Keppel Corp 6.14 8.2 Outperform Sum of parts
01/29/19 CIMB M1 2.06 2.06 Hold Offer $2.06
01/29/19 OCBC Mapletree North Asia 1.25 1.35 Buy
01/29/19 DBS Vickers Mapletree North Asia 1.25 1.45 Buy
01/29/19 phillip SHS 0.197 0.24 Accumulate PER10x FY19
01/29/19 Amfrasers Tuan Sing 0.395 0.46 Not Rated RNAV (50% discount)
01/29/19 DMG & Partners UOB 25.83 29.8 Buy
01/29/19 CIMB UOB 25.83 32 Add GGM, PB1.4x CY19

The US earnings season has started but it will be bleak.

https://finance.yahoo.com/news/us-stocks-caterpillar-nvidia-warnings-194256045.html

The US chips sector is not doing well because of the chips slowdown.  We warned about the western chips slowdown in October 2018. 

http://sg-stock.blogspot.com/2018/10/the-global-semiconductor-slowdown-is.html

The US stock markets were at lofty valuations in 2018 because of their burgeoning China exposures.  However, the recent US's assaults against China brought these companies' stock prices down.  Without China's sales, these companies stock prices will crash fast and furious.

Micron, Qualcomm, Intel, Apple, Nvidia, Caterpillar, etc are all blaming the China slowdown for their poor business performances. 

http://sg-stock.blogspot.com/2018/11/the-more-us-tries-to-hurt-china-more-it.html

China's economic growth is important to the world GDP because it constitutes 39% and any China slowdown will impact many companies.

http://sg-stock.blogspot.com/2018/10/china-gdp-was-growing-at-65-in-q3-2018.html


US charges Huawei formally!

https://finance.yahoo.com/news/u-charges-chinas-huawei-bank-010518918.html

This is not surprising and unexpected because the US cannot compete with Huawei without transgressing on Huawei's patents.  Therefore, it can only continue on its assault against Huawei by banning it.

http://sg-stock.blogspot.com/2019/01/the-real-reason-behind-ban-of-huaweis-5g.html

Furthermore, the US commerce secretary had indicated that there would not be any US-China trade deal as the 2 countries were miles apart.

http://sg-stock.blogspot.com/2019/01/us-commerce-secretary-no-us-china-trade.html

Therefore, the US justice department went ahead to charge Huawei by imposing its own US laws internationally.  The charge is a violation of US sanction, not a UN sanction.


Monday, January 28, 2019

First Resources - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/18 CIMB First Resources 1.88 2.13 Add
01/15/18 DBS Vickers First Resources 1.87 2.18 Buy
02/08/18 UOB Kay Hian First Resources 1.84 1.95 Hold PER16x FY18x, Buy @ $1.75
02/13/18 Kim Eng First Resources 1.75 2.04 Hold
02/27/18 Kim Eng First Resources 1.76 2.2 Buy PER17x FY18
02/27/18 DMG & Partners First Resources 1.76 1.75 Neutral PER12x FY18
02/28/18 DBS Vickers First Resources 1.79 2.18 Buy DCF, PER15.8x FY18
02/28/18 CIMB First Resources 1.79 2.03 Add PER15x CY19
02/28/18 Credit Suisse First Resources 1.79 2.3 Neutral
03/05/18 Kim Eng First Resources 1.76 2.2 Buy
03/07/18 UOB Kay Hian First Resources 1.76 1.95 Hold PER16x FY18
03/14/18 DBS Vickers First Resources 1.75 2.18 Buy
04/03/18 DBS Vickers First Resources 1.68 2.18 Buy
05/07/18 UOB Kay Hian First Resources 1.69 1.6 Hold PER13x FY18, Buy @ $1.40
05/15/18 CIMB First Resources 1.61 2.03 Add PER15x CY19
05/15/18 DMG & Partners First Resources 1.61 1.75 Neutral PER12x FY18
05/16/18 DMG & Partners First Resources 1.56 1.6 Neutral PER12x FY18
05/16/18 DBS Vickers First Resources 1.56 2.18 Buy
06/21/18 UOB Kay Hian First Resources 1.55 1.6 Hold
07/03/18 DBS Vickers First Resources 1.55 2 Buy DCF
07/11/18 Kim Eng First Resources 1.55 2 Buy
08/02/18 UOB Kay Hian First Resources 1.62 1.6 Hold PER13x FY18, Buy @ $1.40
08/14/18 Kim Eng First Resources 1.56 2 Buy
08/14/18 DMG & Partners First Resources 1.56 1.6 Neutral PER11x FY19
08/14/18 CIMB First Resources 1.56 2.03 Add PER15x CY19
08/16/18 DBS Vickers First Resources 1.59 2 Buy DCF
09/13/18 Kim Eng First Resources 1.67 2 Buy
09/13/18 DBS Vickers First Resources 1.67 2 Buy
10/08/18 UOB Kay Hian First Resources 1.67 1.6 Hold
10/11/18 DBS Vickers First Resources 1.68 1.97 Buy DCF
10/11/18 Kim Eng First Resources 1.68 2 Buy
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
11/13/18 DBS Vickers First Resources 1.56 1.97 Buy DCF
11/13/18 CIMB First Resources 1.56 2.08 Add PER15x FY19
01/03/19 UOB Kay Hian First Resources 1.56 1.6 Hold

First Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/18/18 Lim & Tan First Reit 1.4 0 Hold
01/19/18 CIMB First Reit 1.41 1.44 Hold DDM
01/19/18 OCBC First Reit 1.41 1.48 Buy
01/23/18 phillip First Reit 1.42 1.32 Neutral DDM
04/18/18 CIMB First Reit 1.37 1.44 Hold DDM
04/19/18 phillip First Reit 1.37 1.31 Neutral PB1.19x FY18
04/19/18 OCBC First Reit 1.37 1.48 Buy
05/25/18 OCBC First Reit 1.35 1.48 Buy
07/19/18 phillip First Reit 1.32 1.31 Neutral DDM, PB1.21x
07/19/18 OCBC First Reit 1.32 1.34 Hold
07/19/18 CIMB First Reit 1.32 1.41 Hold DDM
09/19/18 phillip First Reit 1.24 1.31 Neutral DDM, PB1.2x FY18
10/17/18 phillip First Reit 1.18 1.3 Neutral DDM, PB1.2x FY18
10/17/18 CIMB First Reit 1.18 1.36 Add DDM
11/21/18 phillip First Reit 0.975 1.3 Neutral
12/13/18 OCBC First Reit 1.04 1.05 Buy
01/16/19 phillip First Reit 1.04 0.88 Neutral DDM
01/17/19 Lim & Tan First Reit 1.03 0 Neutral
01/18/19 OCBC First Reit 1.01 0.97 Hold
01/18/19 CIMB First Reit 1.01 1.2 Add DDM

Far East Hospitality - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/18 CIMB Far East Hospitality 0.725 0.84 Add
01/15/18 CIMB Far East Hospitality 0.72 0.82 Add DDM
02/19/18 OCBC Far East Hospitality 0.715 0.75 Buy
03/09/18 OCBC Far East Hospitality 0.72 0.75 Buy
04/10/18 CIMB Far East Hospitality 0.68 0.79 Add DDM
04/17/18 DBS Vickers Far East Hospitality 0.68 0.76 Buy DCF
04/27/18 OCBC Far East Hospitality 0.675 0.735 Buy
06/08/18 CIMB Far East Hospitality 0.66 0.79 Add
06/18/18 OCBC Far East Hospitality 0.67 0.735 Buy
07/06/18 DBS Vickers Far East Hospitality 0.625 0.76 Buy
07/10/18 OCBC Far East Hospitality 0.62 0.735 Buy
07/30/18 OCBC Far East Hospitality 0.68 0.675 Hold
08/01/18 CIMB Far East Hospitality 0.69 0.79 Add DDM
08/01/18 OCBC Far East Hospitality 0.69 0.69 Hold
08/01/18 Lim & Tan Far East Hospitality 0.69 0 Hold
08/01/18 DBS Vickers Far East Hospitality 0.69 0.74 Buy DCF
08/13/18 OCBC Far East Hospitality 0.62 0.69 Buy
09/17/18 Kim Eng Far East Hospitality 0.635 0.75 Buy DDM
10/04/18 CIMB Far East Hospitality 0.635 0.69 Add DDM
10/31/18 Kim Eng Far East Hospitality 0.59 0.75 Buy DDM
10/31/18 OCBC Far East Hospitality 0.59 0.675 Buy
10/31/18 Lim & Tan Far East Hospitality 0.59 0 Buy
10/31/18 DBS Vickers Far East Hospitality 0.59 0.7 Buy DCF
11/30/18 OCBC Far East Hospitality 0.61 0.675 Buy
01/02/18 CIMB Far East Hospitality 0.605 0.68 Add
01/16/19 OCBC Far East Hospitality 0.625 0.675 Buy

Stock calls for 28 January 2019


Date Analyst Company Last Target Call Valuation
01/28/19 OCBC CapitaCommercial 1.9 1.83 Hold
01/28/19 CIMB CapitaCommercial 1.9 1.94 Add
01/28/19 DBS Vickers Ascendas India Trust 1.08 1.25 Buy DDM
01/28/19 phillip Cache Logistics 0.75 0.75 Neutral DDM, PB1.14x FY19
01/28/19 DBS Vickers Cache Logistics 0.75 0.75 Hold DCF
01/28/19 OCBC Cache Logistics 0.75 0.76 Hold
01/28/19 DMG & Partners Cache Logistics 0.75 0.81 Buy DDM
01/28/19 CIMB Cache Logistics 0.75 0.74 Hold
01/28/19 Kim Eng Cache Logistics 0.75 0.85 Buy
01/28/19 UOB Kay Hian Capitamall Trust 2.36 2.02 Hold Buy @ $1.84
01/28/19 UOB Kay Hian Frasers Centrepoint Trust 2.29 2.32 Buy
01/28/19 CIMB Frasers Centrepoint Trust 2.29 2.35 Add DDM
01/28/19 DBS Vickers Frasers Logistics 1.06 1.2 Buy DCF
01/28/19 OCBC Frasers Logistics 1.06 1.19 Buy
01/28/19 CIMB Frasers Logistics 1.06 1.19 Add
01/28/19 UOB Kay Hian Genting 1.06 1.38 Buy EV/Ebitda10x FY19
01/28/19 DMG & Partners Golden Agri 0.27 0.23 Sell Sum of parts, cut from $0.39
01/28/19 Lim & Tan Keppel Corp 6.2 0 Hold
01/28/19 DBS Vickers Keppel KBS 0.68 0.8 Buy DCF
01/28/19 UOB Kay Hian Keppel Reit 1.18 1.35 Buy
01/28/19 UOB Kay Hian Mapletree Industrial 2.03 1.94 Hold Buy @ $1.78
01/28/19 phillip SGX 7.57 8.36 Buy PER23.2x FY19
01/28/19 OCBC SGX 7.57 7.98 Buy PER22x F19/20
01/28/19 UOB Kay Hian Suntec Reit 1.93 2.01 Hold Buy @ $1.83
01/28/19 CIMB Suntec Reit 1.93 2.06 Add
01/28/19 DBS Vickers Y Venture 0.13 0.11 Cease Coverage EV/Ebitda14x FY19
01/28/19 CIMB Y Venture 0.13 0.1 Reduce PB1.7x FY20

Sunday, January 27, 2019

JP Morgan: Bitcoin could fall by 50% to $1260!

https://www.newsbtc.com/2019/01/26/jp-morgan-crypto-value-unproven-bitcoin-btc-could-fall-as-low-as-1260-in-near-future/

This is not a surprising prediction as bitcoin had fallen by 50% a few times.  Please read our post for more details.

http://sg-stock.blogspot.com/2019/01/the-charades-of-cryptocurrency.html

When a product is built with a flawed structural design and also with bad economics, it is expected to be worthless as more people get educated about it.

Please read our post below for your own understanding.

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

Saturday, January 26, 2019

Baltic dry index - 905

Today, Friday, January 25 2019, the Baltic Dry Index decreased by 34 points, reaching 905 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 - 1059

The US drilling rig count is up 9 units to 1,059 rigs working for the week ended Jan. 25, according to Baker Hughes data. The count is up 112 units from the 947 rigs working this time a year ago.
With a 9-rig gain, a total of 1,038 units were drilling on land for the week. Twenty rigs were drilling offshore as the segment gained a single unit. With one fewer rig working, a single unit remained drilling in inland waters.
US oil-directed rigs gained 10 units unit from last week to 862 units working, and up from the 759 rigs drilling for oil this week a year ago. With 197 units, one fewer unit was drilling for gas for the week. The count is up from the 188 units drilling for gas this time a year ago.
New Mexico saw the largest increase in units among the major oil and gas-producing states. With a 4-unit gain, the state’s rig count stood at 112 for the week. Three additional rigs were drilling in North Dakota to reach 57 units. Three states increased rig counts by 2 units: Louisiana, 63; West Virginia, 17; and Utah, 8. Increasing rig counts by a single unit each were Colorado, 35; Ohio, 18; and Alaska, 11.
Oklahoma, 126, and Kansas, 1, were unchanged this week.
Texas saw the largest drop, cutting 4 rigs to reach 517. Three states dropped a single unit each: Pennsylvania, 47; Wyoming, 33; and California, 6.
Canada continued to increase its rig count with a 23-unit gain over last week. With 232 rigs running, the count is still short of the 338 units drilling this week a year ago. Canada increased its oil-directed rigs by 18 to reach 146 units for the week and gained 5 gas-directed rigs to reach 86.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Singapore Ah Beng's ranting about Mahathir. (Funny video)

This is indeed funny but all very factual.

Friday, January 25, 2019

US Commerce Secretary: No US-China trade deal.

https://www.channelnewsasia.com/news/business/us-china-miles-and-miles-from-resolving-trade-conflict-ross-11163084

The US Commerce Secretary has stated it very subtly but clearly that there won't be any US-China trade deal by March 2019 since the differences are miles apart.

Therefore, the stock markets must not get too optimistic and get ahead of this tamed expectation.

F&N - Stock calls


Date Analyst Company Last Target Call Valuation
02/13/18 phillip F & N 2.39 2.83 Accumulate Sum of parts, PER27.1x FY18
03/19/18 phillip F & N 2.25 2.83 Buy
04/16/18 phillip F & N 2.12 2.83 Buy
05/10/18 phillip F & N 2.08 2.75 Buy Sum of parts

Ezion - Stock calls


Date Analyst Company Last Target Call Valuation
01/12/18 CIMB Ezion 0.197 0.13 Reduce PB0.15x CY17
04/04/18 DBS Vickers Ezion 0.197 0.13 Fully Valued
04/10/18 DBS Vickers Ezion 0.197 0.29 Buy PB1.4x FY18
04/17/18 UOB Kay Hian Ezion 0.197 0.18 Hold PB1x FY19, Buy @ $0.151
04/25/18 Amfrasers Ezion 0.158 0.1 Sell RNAV
05/15/18 DBS Vickers Ezion 0.115 0.29 Buy PB1.4x FY18
06/07/18 DBS Vickers Ezion 0.105 0.29 Buy
06/25/18 UOB Kay Hian Ezion 0.09 0.12 Hold
08/10/18 DBS Vickers Ezion 0.08 0.21 Buy
11/13/18 DBS Vickers Ezion 0.047 0.14 Buy PB0.8x FY18

ESR-Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/17/18 Lim & Tan ESR-Reit 0.575 0 Hold
01/18/18 CIMB ESR-Reit 0.575 0.64 Add DDM
01/18/18 DBS Vickers ESR-Reit 0.575 0.63 Buy
04/23/18 DBS Vickers ESR-Reit 0.54 0.63 Buy
04/23/18 CIMB ESR-Reit 0.54 0.6 Add DDM
05/21/18 CIMB ESR-Reit 0.525 0.6 Add DDM
05/21/18 DBS Vickers ESR-Reit 0.525 0.63 Buy
06/04/18 CIMB ESR-Reit 0.505 0.62 Add
08/14/18 DBS Vickers ESR-Reit 0.51 0.63 Buy
09/17/18 DBS Vickers ESR-Reit 0.5 0.59 Buy DCF
12/14/18 OCBC ESR-Reit 0.5 0.59 Buy DDM
01/18/19 Lim & Tan ESR-Reit 0.53 0 Hold
01/21/19 CIMB ESR-Reit 0.53 0.62 Add DDM
01/21/19 OCBC ESR-Reit 0.53 0.575 Buy
01/22/19 DBS Vickers ESR-Reit 0.53 0.59 Buy

Stock calls for 25 January 2019


Date Analyst Company Last Target Call Valuation
01/25/19 Jefferies Ascendas India Trust 1.08 1.2 Buy
01/25/19 UOB Kay Hian CapitaCommercial 1.85 2.16 Buy DDM
01/25/19 DMG & Partners CapitaCommercial 1.85 1.86 Neutral DDM
01/25/19 DBS Vickers CapitaCommercial 1.85 2 Buy DCF
01/25/19 Lim & Tan CapitaCommercial 1.85 0 Hold
01/25/19 DBS Vickers Comfortdelgro 2.24 2.56 Buy
01/25/19 OCBC Keppel Corp 6.13 7.55 Buy
01/25/19 CIMB Keppel Corp 6.13 8.41 Add Sum of parts
01/25/19 CIMB SGX 7.5 7.9 Add PER22.1x FY20
01/25/19 DMG & Partners SGX 7.5 8.2 Buy PER22x FY20

ICO downfall - Part 2

https://bitcoinexchangeguide.com/decentralized-home-sharing-platform-bee-token-to-charge-fees-to-customers-to-boost-revenue/

Bee token has crashed from a value of $11m to less than $500k now.  This means that the ICO investors have suffered massive losses for this ICO.

This company is faltering and will likely fail as it will encounter cash flow problems due to insufficient revenues to cover its operational and marketing expenses.

Bee token is just one of the ICOs that will falter and/or fail in 2019-2020 and this is just the tip of the iceberg.  Many ICO companies will follow suit and such news announcements will become a common theme in these 2 years.

https://sg-stock.blogspot.com/2019/01/the-ico-downfall.html

Thursday, January 24, 2019

Qualcomm has lost Huawei as a customer.

https://sg.finance.yahoo.com/news/huawei-announces-5g-smartphone-based-062312583.html

Huawei will be using its self-developed chips instead of using Qualcomm's.  Huawei is also slowly replacing Intel chips with its own.

The slowdown in the western semiconductor industry will be real and permanent.

Singapore is facing a political upheaval now!

https://sg.news.yahoo.com/singapore-pms-brother-backs-rival-polls-loom-025338346.html

Lee Hsien Yang, son of LKY, has come out to support TCB openly to be the future leader of Singapore. In other words, LHY wants TCB to be the next PM of Singapore.

The acrimonious relationship in the Lee family, whereby the 2 siblings are against the current PM Lee Hsien Loong, will cause political upheaval in Singapore.

LHL will definitely become more offensive against LHY and his immediate family.  Presently, AGC is going after LHY's wife and son under the blessing of LHL.

The next election will be a vote for change for Singapore.  This is the only chance for true Singaporeans to change Singapore.

EC World Reit - Stock calls


Date Analyst Company Last Target Call Valuation
04/16/18 Soochow EC World Reit 0.735 0.88 Buy
08/08/18 Soochow EC World Reit 0.71 0.88 Buy
11/07/18 phillip EC World Reit 0.685 0.82 Buy DDM
12/04/18 CIMB EC World Reit 0.69 0.85 Not Rated Consensus target price
01/09/19 DMG & Partners EC World Reit 0.7 0.81 Buy

Dyna-Mac - Stock calls


Date Analyst Company Last Target Call Valuation
03/22/18 CIMB Dyna-Mac 0.13 0.18 Add PB1.8x CY18
09/03/18 CIMB Dyna-Mac 0.107 0.13 Add PB1.3x CY18

Duty-Free - Stock calls


Date Analyst Company Last Target Call Valuation
01/10/19 Lim & Tan Duty Free 0.192 0 Accumulate