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Wednesday, February 13, 2019

HRnetGroup - Stock calls


Date Analyst Code Company Last Target Call Percent Valuation
01/03/18 DBS Vickers CHZ HRnetGroup 0.79 0.96 Buy 21.52 DCF & PER15x FY18 (ex-cash)
01/09/18 DMG & Partners CHZ HRnetGroup 0.82 1.14 Buy 39.02 DCF
02/15/18 DMG & Partners CHZ HRnetGroup 0.81 1.14 Buy 40.74 DCF
02/27/18 Credit Suisse CHZ HRnetGroup 0.805 1.06 Outperform 31.68
02/27/18 DBS Vickers CHZ HRnetGroup 0.805 0.97 Buy 20.50 PER15x FY18, Ex-cash
05/11/18 DBS Vickers CHZ HRnetGroup 0.83 0.98 Buy 18.07 DCF & PER15x (ex-cash)
05/11/18 DMG & Partners CHZ HRnetGroup 0.83 1.14 Buy 37.35 DCF
06/11/18 DBS Vickers CHZ HRnetGroup 0.84 0.98 Buy 16.67
06/27/18 DMG & Partners CHZ HRnetGroup 0.865 1.18 Buy 36.42 DCF
08/13/18 DMG & Partners CHZ HRnetGroup 0.9 1.18 Buy 31.11 DCF
08/14/18 DBS Vickers CHZ HRnetGroup 0.885 1.01 Buy 14.12 PER15x FY19, ex-cash
09/26/18 CIMB CHZ HRnetGroup 0.87 1.1 Add 26.44 PER18x CY20
11/12/18 DMG & Partners CHZ HRnetGroup 0.815 1.18 Buy 44.79 DCF
11/12/18 DBS Vickers CHZ HRnetGroup 0.815 1.1 Buy 34.97 PER15x FY19, ex-cash
11/12/18 CIMB CHZ HRnetGroup 0.815 1.1 Add 34.97 PER18x CY20
12/14/18 DMG & Partners CHZ HRnetGroup 0.79 1.18 Buy 49.37
01/02/19 DMG & Partners CHZ HRnetGroup 0.8 1.18 Buy 47.50 DCF

Stock calls for 13 February 2019


Date Analyst Company Last Target Call Valuation
02/13/19 Phillip 800Super 0.685 0 Cease Coverage DCF
02/13/19 Lim & Tan Far East Hospitality 0.64 0 Buy
02/13/19 phillip Geo Energy 0.198 0.245 Buy
02/13/19 phillip Golden Energy 0.245 0.36 Buy
02/13/19 UOB Kay Hian HMI 0.535 0.73 Buy DCF
02/13/19 OCBC Hutchison Port 0.26 0.22 Sell
02/13/19 DBS Vickers Hutchison Port 0.26 0.26 Hold DCF
02/13/19 DMG & Partners Moya Asia 0.082 0.11 Buy DCF
02/13/19 Kim Eng OCBC 11.41 10.95 Hold
02/13/19 CIMB Thai Beverage 0.72 0.83 Add Sum of parts

Tuesday, February 12, 2019

Singapore retail sales down 6% in December!

https://www.channelnewsasia.com/news/business/singapore-retail-sales-down-6-per-cent-december-11232574

The decline in the retail sales figure is not surprising because the retailers cannot capitalize on the festive seasons.

http://sg-stock.blogspot.com/2018/11/the-national-council-of-churches-of.html

SMRT safety is in doubt again!

https://www.reuters.com/article/us-bombardier-swiss/swiss-say-bombardier-trains-still-not-meeting-expectations-idUSKCN1Q01HQ

New Bombardier trains have safety issues and the Swiss refuse to take the deliveries.

We ordered 66 new MRT trains from Bombardier too.

http://sg-stock.blogspot.com/2018/07/singapore-awards-new-66-mrt-trains-to.html

Hotel Properties (HPL) - Stock calls


Date Analyst Company Last Target Call Valuation
02/28/18 OCBC Hotel Properties 3.78 4.74 Buy RNAV
03/09/18 OCBC Hotel Properties 3.77 4.74 Buy
06/18/18 OCBC Hotel Properties 3.73 4.74 Buy
10/15/18 OCBC Hotel Properties 3.68 4.74 Buy

Hongkong Land - Stock calls


Date Analyst Company Last Target Call Valuation
03/09/18 CIMB Hongkong Land 6.76 9.1 Add RNAV (35% discount)
03/09/18 Lim & Tan Hongkong Land 6.76 0 Buy
03/12/18 DBS Vickers Hongkong Land 7.02 8.53 Buy RNAV (35% discount)
03/13/18 CIMB Hongkong Land 7 9.5 Add RNAV (30% discount)
05/11/18 DBS Vickers Hongkong Land 7.26 8.53 Buy
07/03/18 UOB Kay Hian Hongkong Land 7.13 8.55 Not Rated
07/24/18 DBS Vickers Hongkong Land 7.2 8.57 Buy
07/27/18 CIMB Hongkong Land 7.15 9.5 Add RNAV (30% discount)

Hong Leong Finance - Stock calls


Date Analyst Company Last Target Call Valuation
01/05/18 DBS Vickers Hong Leong Finance 2.77 3.2 Buy
02/28/18 DBS Vickers Hong Leong Finance 2.68 3.2 Buy GGM, PB0.8x FY17
05/03/18 DBS Vickers Hong Leong Finance 2.8 3.2 Buy GGM
08/14/18 DBS Vickers Hong Leong Finance 2.7 3.2 Buy GGM, PB0.7x FY19
11/15/18 DBS Vickers Hong Leong Finance 2.57 3.2 buy GGM, PB0.7x FY19

Stock calls for 12 February 2018


Date Analyst Company Last Target Call Valuation
02/12/19 DMG & Partners APAC Realty 0.5 0.72 Buy
02/12/19 DBS Vickers APAC Realty 0.5 0.56 Hold
02/12/19 UOB Kay Hian Bumitama 0.685 0.81 Buy
02/12/19 Kim Eng DBS 24.36 30.18 Buy
02/12/19 DMG & Partners ESR-Reit 0.515 0.61 Buy DDM
02/12/19 Amfrasers Japan Foods 0.415 0.57 Hold DCF
02/12/19 Kim Eng M1 2.04 1.77 Sell
02/12/19 Lim & Tan Manulife US Reit 0.855 0 Hold
02/12/19 DMG & Partners Manulife US Reit 0.855 0.94 Buy DDM
02/12/19 DBS Vickers Manulife US Reit 0.855 0.92 Buy DCF
02/12/19 OCBC Mapletree Industrial 2.03 2.04 Hold
02/12/19 CIMB SIA Engineering 2.39 3.11 Add DCF
02/12/19 DBS Vickers SIA Engineering 2.39 2.7 Hold DCF & PER16x FY20 & Div Yield 4.5% & EV/Ebitda11x
02/12/19 DBS Vickers Singtel 3.05 3.5 Buy Sum of parts
02/12/19 Kim Eng Singtel 3.05 3.39 Hld
02/12/19 Kim Eng UOB 25.34 30.5 Buy
02/12/19 Lim & Tan UOL 6.57 0 Buy
02/12/19 CIMB Venture 15.97 17.44 Add PER12.56x FY20
02/12/19 DBS Vickers Yoma 0.345 0.4 Buy

Apple sales in China continue to plunge!

https://finance.yahoo.com/news/apple-apos-iphone-shipments-plunge-053428475.html

A 20% plunge for Apple is no joke! However, Huawei's sales increased by 23% in China.

The Chinese will boycott Apple as Huawei gets banned in overseas. Good luck to apple!


Death knell is bellowing for SGX as a securities market.

https://finance.yahoo.com/news/incredible-shrinking-singapore-stock-market-180030820.html

The Bloomberg article has corroborated our previous analyses about SGX below.

http://sg-stock.blogspot.com/2018/12/sgx-has-lost-its-ipo-crown-jewel-status.html

http://sg-stock.blogspot.com/2018/06/sgx-is-snubbed-by-another-local-ipo.html

http://sg-stock.blogspot.com/2017/10/sgx-doesnt-understand-capital-market.html

http://sg-stock.blogspot.com/2017/04/sgx-is-finding-increasingly-hard-to.html

Monday, February 11, 2019

Hong Lai Huat - Stock calls


Date Analyst Company Last Target Call Valuation
10/19/18 SAC Advisors Hong Lai Huat 0.2 0.51 Buy RNAV (40% discount), PB0.8x FY18
12/20/18 SAC Advisors Hong Lai Huat 0.22 0.51 Buy

Hock Lian Seng - Stock calls


Date Analyst Company Last Target Call Valuation
02/20/18 UOB Kay Hian Hock Lian Seng 0.495 0.63 Buy
02/27/18 UOB Kay Hian Hock Lian Seng 0.51 0.65 Buy

Ho Bee - Stock calls


Date Analyst Company Last Target Call Valuation
03/01/18 Kim Eng Ho Bee 2.48 3.15 Buy RNAV (30% discount)
03/02/18 phillip Ho Bee 2.51 2.98 Accumulate RNAV (30% discount)
04/11/18 Kim Eng Ho Bee 2.54 3.15 Buy
04/27/18 Kim Eng Ho Bee 2.54 3.3 Buy RNAV (30% discount)
04/27/18 Lim & Tan Ho Bee 2.54 0 Buy
04/30/18 phillip Ho Bee 2.56 2.98 Accumulate RNAV (30% discount)
06/05/18 UOB Kay Hian Ho Bee 2.49 3.02 Buy
06/18/18 Lim & Tan Ho Bee 2.37 0 Buy
06/20/18 Kim Eng Ho Bee 2.36 3.3 Buy RNAV (30% discount)
07/09/18 phillip Ho Bee 2.3 2.98 Accumulate
07/09/18 Kim Eng Ho Bee 2.3 3.05 Buy
08/14/18 phillip Ho Bee 2.52 2.98 Accumulate RNAV (30% discount)
08/16/18 CIMB Ho Bee 2.57 2.9 Add
08/24/18 CIMB Ho Bee 2.65 3 Add RNAV (40% discount)
09/06/18 Kim Eng Ho Bee 2.59 3.05 Buy
09/18/18 CIMB Ho Bee 2.49 3 Add
10/02/18 CIMB Ho Bee 2.59 3 Add
11/09/18 UOB Kay Hian Ho Bee 2.5 2.79 Buy RNAV (30% discount)
12/07/18 UOB Kay Hian Ho Bee 2.41 2.79 Buy RNAV (30% discount)

Stock calls for 11 February 2019


Date Analyst Company Last Target Call Valuation
02/11/19 CIMB CDL Hospitality 1.62 1.8 Add
02/11/19 Jefferies City Developments 9.16 12 Buy
02/11/19 OCBC First Reit 1.14 0.97 Sell
02/11/19 Kim Eng SIA Engineering 2.52 2.85 Buy DCF
02/11/19 OCBC SIA Engineering 2.52 2.47 Hold
02/11/19 phillip SIA Engineering 2.52 2.66 Neutral DCF
02/11/19 UOB Kay Hian SIA Engineering 2.52 2.55 Hold
02/11/19 UOB Kay Hian Venture 15.72 12.9 Hold

Renminbi (RMB) has depreciated after we warned of an anomaly.

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The RMB has depreciated after our warning about the abnormal appreciation.

http://sg-stock.blogspot.com/2019/01/renminbi-rmb-is-appreciating-abnormally.html

The Chinese Central Bank has successfully addressed the anomaly as its recent monetary policies are mostly liquidity driven.

Saturday, February 9, 2019

The US is interfering in Venezuela political affairs again!

https://news.yahoo.com/exclusive-u-direct-contact-venezuelan-military-urging-defections-043606414.html

The current Venezuelan President is after all an elected president who won in an open election, not the same as SG president.

Therefore, the only way to oust him is to defeat him in an open election, not supporting and recognising the opposition man as the legitimate president.

However, the USA is afraid that the current President may win again in another open election.  Therefore, the USA is trying to oust him by interfering in Venezuela's political and domestic affairs.

The USA doesn't like other countries to meddle in its political affairs but the USA likes to meddle in another country's affairs.  Shame on you, USA!

http://sg-stock.blogspot.com/2018/07/trump-wants-to-invade-venezuela.html

http://sg-stock.blogspot.com/2018/03/httpssg_1.html

http://sg-stock.blogspot.com/2018/02/the-usa-is-adamant-to-destroy-venezuela.html

http://sg-stock.blogspot.com/2017/09/venezuela-president-is-urging-its.html

http://sg-stock.blogspot.com/2017/09/usa-is-trying-to-topple-venezuela.html

Baltic dry index - 601

Today, Friday, February 08 2019, the Baltic Dry Index decreased by 9 points, reaching 601 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 - 1049

The US drilling rig count is up 4 units to 1,049 rigs working for the week ended Feb. 8, according to Baker Hughes data. The count is also up 74 units from the 975 rigs working this time a year ago.
With a 4-unit gain week-over-week, 1,029 rigs are drilling on land. The number of rigs drilling offshore remained unchanged at 19 units as did those units drilling in inland waters where a single unit remains for the week.
US oil-directed rigs are up 7 from last week to 854 units working, and up from the 791 rigs drilling for oil this week a year ago. Gas-directed rigs are down 3 units at 195 yet up from the 184 units drilling for gas a year ago.
Among the major oil and gas-producing states, only three saw a week-over-week increase. Alaska and California each gained 4 units to reach 11 and 10 rigs, respectively. Wyoming saw a single-unit gain increase to 34.
Eight states are unchanged this week: Louisiana, 62; North Dakota, 58; Pennsylvania, 47; Colorado, 35; Ohio, 18; West Virginia, 17; Utah, 8; and Kansas, 0.
The largest decrease comes from Texas where a 3-unit drop brought the total number of rigs to 511. Oklahoma dropped 2 units to reach 120 rigs. With a one-rig decrease, New Mexico stands at 111 rigs working for the week.
Canada’s rig count is down 3 units for the week. At 240 rigs, the count is less than the 325 units drilling this week a year ago. Two of the dropped rigs are gas-directed, bringing the count to 82 for the week. Oil-directed rigs in Canada are down a single rig to 158.
=================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Friday, February 8, 2019

HMI - Stock calls


Date Analyst Company Last Target Call Valuation
01/08/18 CIMB HMI 0.665 0.83 Add DCF
02/14/18 phillip HMI 0.63 0.83 Buy DCF
02/14/18 UOB Kay Hian HMI 0.63 0.83 Buy DCF
02/14/18 Kim Eng HMI 0.63 0.8 Buy DCF
05/11/18 phillip HMI 0.645 0.83 Buy DCF
05/11/18 UOB Kay Hian HMI 0.645 0.83 Buy DCF
05/16/18 Kim Eng HMI 0.665 0.8 Buy
07/09/18 UOB Kay Hian HMI 0.595 0.82 Buy DCF
07/16/18 CIMB HMI 0.58 0.8 Add
08/21/18 CIMB HMI 0.575 0.8 Add
08/28/18 UOB Kay Hian HMI 0.62 0.82 Buy DCF
08/29/18 CIMB HMI 0.61 0.79 Add DCF
08/29/18 UOB Kay Hian HMI 0.61 0.84 Buy DCF
08/30/18 phillip HMI 0.615 0.83 Buy DCF
11/15/18 UOB Kay Hian HMI 0.550 0.77 Buy DCF
11/15/18 CIMB HMI 0.550 0.73 Add DCF, EV/Ebitda15.2x FY20
11/16/18 phillip HMI 0.545 0.77 Buy DCF
01/23/19 phillip HMI 0.540 0.77 Buy

HLH - Stock calls


Date Analyst Company Last Target Call Valuation
06/29/18 SAC HLH 0.163 0.51 Buy RNAV (40% discount), PB0.8x FY18

Hi-P - Stock calls


Date Analyst Company Last Target Call Valuation
02/15/18 Kim Eng Hi-P 1.92 2.43 Buy PB3.2x FY18
02/15/18 DBS Vickers Hi-P 1.92 2.48 Buy PER14.4x FY18
04/03/18 DBS Vickers Hi-P 2.17 2.48 Buy
04/27/18 DBS Vickers Hi-P 1.8 1.88 Hold PER13.3x FY18
05/03/18 DBS Vickers Hi-P 1.69 1.8 Hold PER13.3x FY18
05/03/18 Lim & Tan Hi-P 1.69 0 Sell
05/04/18 Kim Eng Hi-P 1.57 1.45 Hold PB2x
08/02/18 DBS Vickers Hi-P 1.27 1.21 Hold PER11.2x FY18/19
08/03/18 Kim Eng Hi-P 1.15 1.27 Hold PB
10/03/18 DBS Vickers Hi-P 1 1.3 Buy PER12x FY19
10/15/18 Kim Eng Hi-P 0.915 0.84 Hold
11/09/18 DBS Vickers Hi-P 0.85 0.8 Hold PER10x FY19
11/12/18 Kim Eng Hi-P 0.845 0.84 Hold PB1x FY19
01/08/19 Kim Eng Hi-P 0.965 0.68 Sell

Stock calls for 8 February 2019


Date Analyst Company Last Target Call Valuation
02/08/19 DBS Vickers Mapletree North Asia 1.25 1.45 Buy
02/08/19 DBS Vickers Ascendas India Trust 1.13 1.25 Buy
02/08/19 UOB Kay Hian Comfortdelgro 2.36 2.59 Buy
02/08/19 DBS Vickers Comfortdelgro 2.36 2.56 Buy
02/08/19 UOB Kay Hian CSE Global 0.455 0.59 Buy
02/08/19 UOB Kay Hian DBS 24.33 28.5 Buy
02/08/19 DBS Vickers Frasers Logistics 1.09 1.2 Buy
02/08/19 UOB Kay Hian Fu Yu 0.205 0.27 Buy
02/08/19 DBS Vickers Mapletree Commercial 1.81 2 Buy
02/08/19 DBS Vickers Mapletree Logistics 1.39 1.5 Buy
02/08/19 DBS Vickers Netlink 0.79 0.87 Buy
02/08/19 UOB Kay Hian Netlink 0.79 0.99 Buy
02/08/19 UOB Kay Hian OCBC 11.49 13.82 Buy
02/08/19 DBS Vickers OUE Commercial 0.51 0.6 Buy
02/08/19 UOB Kay Hian SATS 4.8 5.6 Buy
02/08/19 OCBC Singapore Post 0.955 1 Hold
02/08/19 UOB Kay Hian Singtel 3.05 3.58 Buy
02/08/19 DBS Vickers ST Engineering 3.75 4.15 Buy
02/08/19 DBS Vickers Starhub 1.89 2.45 Buy

Trump won't meet Xi before March 2.

https://finance.yahoo.com/news/us-stock-indexes-drop-economic-earnings-worries-rise-151232264--finance.html

Trump has indicated that he won't meet Xi before March 2.  This means the US will impose tariffs against China.

Trump has upped his ante now after seeing how subservient Liu He was.

http://sg-stock.blogspot.com/2019/02/chinese-vice-premier-liu-he-performed.html

Thursday, February 7, 2019

OMG! DIHK cuts Germany's economic growth by almost 50% in 2019.

https://sg.finance.yahoo.com/news/german-economy-grow-0-9-percent-2019-outlook-083353758--business.html

Look like things really look bad in Germany.

The economic situation in Germany won't improve unless Germany gets cozy with China and welcome China's businesses.  However, doing this will piss off the USA.  Therefore, Germany has to choose between pleasing the USA or starving its own people.

Our prediction for EU is coming to fruition.

https://sg.finance.yahoo.com/news/eu-cuts-euro-zone-growth-forecast-inflation-slow-100840991--business.html

We posted previously that EU and North America will enter recessions faster than Asia.

http://sg-stock.blogspot.com/2019/01/north-america-and-europe-will-slip-into.html

It looks like our prediction is coming to fruition because EU economic growth is declining rapidly.  If the US-China trade war continues further and EU continues to reject China FDI, EU will slip into a recession soon.

Guocoland - Stock calls


Date Analyst Company Last Target Call Valuation
01/16/18 Kim Eng Guocoland 2.26 2.95 Buy RNAV (38% discount), PB0.68x
02/02/18 CIMB Guocoland 2.25 2.88 Add RNAV (25% discount)
02/05/18 Kim Eng Guocoland 2.22 2.95 Buy RNAV (20% discount)
03/20/18 CIMB Guocoland 2.11 2.88 Add RNAV (25% discount)
03/20/18 Kim Eng Guocoland 2.11 3 Buy RNAV (20% discount)
04/02/18 Kim Eng Guocoland 2.08 3 Buy RNAV (20% discount)
06/19/18 Kim Eng Guocoland 2.07 3 Buy
07/09/18 Kim Eng Guocoland 1.83 2 Hold
08/28/18 Kim Eng Guocoland 1.93 1.9 Hold RNAV (45% discount)
09/06/18 Kim Eng Guocoland 1.88 1.9 Hold
12/07/18 UOB Kay Hian Guocoland 1.75 2.8 Buy

GSS Energy - Stock calls


Date Analyst Company Last Target Call Valuation
03/06/18 DMG & Partners GSS Energy 0.16 0.25 Buy Sum of parts
05/18/18 DMG & Partners GSS Energy 0.151 0.25 Buy Sum of parts
06/27/18 DMG & Partners GSS Energy 0.139 0.25 Buy Sum of parts
08/16/18 DMG & Partners GSS Energy 0.133 0.22 Buy Sum of parts
09/18/18 DMG & Partners GSS Energy 0.13 0.22 Buy Sum of parts
11/14/18 DMG & Partners GSS Energy 0.097 0.19 Buy Sum of parts
01/07/19 DMG & Partners GSS Energy 0.097 0.19 Buy

Golden Energy - Stock calls


Date Analyst Company Last Target Call Valuation
01/26/18 DMG & Partners Golden Energy 0.475 0.68 Buy DCF & PER13.1x FY18
03/16/18 phillip Golden Energy 0.37 0.48 Buy PER10x
05/18/18 phillip Golden Energy 0.365 0.48 Buy PER10x FY18
06/07/18 phillip Golden Energy 0.375 0.48 Buy
07/06/18 phillip Golden Energy 0.335 0.48 Buy
08/20/18 phillip Golden Energy 0.305 0.42 Buy PER10x
09/07/18 phillip Golden Energy 0.255 0.41 Buy
11/26/18 phillip Golden Energy 0.23 0.36 Buy PER10x FY19

Stock calls for 7 February 2019


Date Analyst Company Last Target Call Valuation
02/07/19 DBS Vickers Ezion 0.05 0.06 Hold PB0.3x FY19
02/07/19 OCBC Far East Hospitality 0.66 0.675 Buy
02/07/19 Lim & Tan GL Ltd 0.735 1.76 Buy Sum of parts
02/07/19 Kim Eng Netlink 0.785 0.93 Buy
02/07/19 Kim Eng Starhub 1.82 2.21 Buy