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Monday, March 11, 2019

OUE Hospitality - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/18 DMG & Partners OUE Hospitality 0.855 0.91 Buy DDM
01/04/18 Deutsche OUE Hospitality 0.87 0.65 Sell
01/04/18 CIMB OUE Hospitality 0.87 0.89 Add DDM
01/05/18 OCBC OUE Hospitality 0.875 0.83 Hold
01/31/18 DBS Vickers OUE Hospitality 0.885 0.93 Buy DCF
01/31/18 Lim & Tan OUE Hospitality 0.885 0 Hold
02/20/18 DMG & Partners OUE Hospitality 0.845 0.95 Buy
04/04/18 DMG & Partners OUE Hospitality 0.795 0.95 Buy
04/10/18 CIMB OUE Hospitality 0.825 0.92 Add
04/17/18 DBS Vickers OUE Hospitality 0.815 0.93 Buy
05/03/18 CIMB OUE Hospitality 0.82 0.92 Add DDM
05/03/18 DMG & Partners OUE Hospitality 0.82 0.95 Buy DDM
05/03/18 OCBC OUE Hospitality 0.82 0.84 Hold Buy @ $0.78 or lower
07/06/18 DBS Vickers OUE Hospitality 0.765 0.93 Buy
07/30/18 CIMB OUE Hospitality 0.825 0.89 Add DDM
07/30/18 DBS Vickers OUE Hospitality 0.825 0.9 Buy DCF
07/31/18 OCBC OUE Hospitality 0.805 0.79 Hold
09/20/18 OCBC OUE Hospitality 0.69 0.79 Buy
09/25/18 Deutsche OUE Hospitality 0.715 0.65 Sell
10/04/18 CIMB OUE Hospitality 0.72 0.85 Add
10/10/18 OCBC OUE Hospitality 0.695 0.79 Buy
10/16/18 DMG & Partners OUE Hospitality 0.69 0.8 Buy DDM
11/08/18 CIMB OUE Hospitality 0.685 0.82 Add DDM
11/08/18 DMG & Partners OUE Hospitality 0.685 0.8 Buy
11/08/18 DBS Vickers OUE Hospitality 0.685 0.85 Buy DCF
11/09/18 OCBC OUE Hospitality 0.69 0.79 Buy
11/19/18 DMG & Partners OUE Hospitality 665 0.77 Buy
12/06/18 DMG & Partners OUE Hospitality 0.68 0.77 Buy
01/02/19 CIMB OUE Hospitality 0.67 0.85 Add DDM
01/16/19 OCBC OUE Hospitality 0.685 0.79 Buy
01/30/19 DBS Vickers OUE Hospitality 0.695 0.85 Buy DCF
01/31/19 OCBC OUE Hospitality 0.725 0.82 Buy

OUE Commercial - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/18 OCBC OUE Commercial 0.75 0.67 Hold
02/01/18 CIMB OUE Commercial 0.75 0.75 Hold DDM
02/01/18 OCBC OUE Commercial 0.75 0.69 Hold
02/05/18 DBS Vickers OUE Commercial 0.755 0.73 Hold DCF
03/19/18 DBS Vickers OUE Commercial 0.715 0.73 Hold
03/23/18 CIMB OUE Commercial 0.72 0.75 Hold DDM
05/11/18 OCBC OUE Commercial 0.72 0.68 Hold
08/02/18 DBS Vickers OUE Commercial 0.695 0.73 Hold
08/03/18 CIMB OUE Commercial 0.69 0.75 Hold DDM
08/03/18 DBS Vickers OUE Commercial 0.69 0.67 Hold DCF
09/12/18 CIMB OUE Commercial 0.66 0.6 Hold DDM
09/12/18 DBS Vickers OUE Commercial 0.66 0.67 Hold
11/09/18 OCBC OUE Commercial 0.475 0.48 Hold
11/12/18 DBS Vickers OUE Commercial 0.465 0.47 Hold DCF
11/12/18 CIMB OUE Commercial 0.465 0.57 Hold DDM
01/31/19 OCBC OUE Commercial 0.49 0.5 Hold
01/31/19 DBS Vickers OUE Commercial 0.49 0.6 Buy DCF
02/04/19 CIMB OUE Commercial 0.515 0.57 Hold
02/08/19 DBS Vickers OUE Commercial 0.51 0.6 Buy

OUE - Stock calls


Date Analyst Company Last Target Call Valuation
02/26/18 OCBC OUE 1.93 2.28 Buy
05/14/18 OCBC OUE 1.81 2.25 Buy
09/06/18 OCBC OUE 1.57 2.25 Buy
09/25/18 Deutsche OUE 1.54 3 Buy
11/13/18 OCBC OUE 1.37 2.25 Buy
11/19/18 Deutsche OUE 1.41 3 Buy
02/28/19 OCBC OUE 1.66 2.32 Buy

Stock calls for 11 March 2019


Date Analyst Company Last Target Call Valuation
03/11/19 phillip Banyan Tree 0.57 0.76 Accumulate Sum of parts, PB0.72x FY19
03/11/19 CIMB DBS 25.06 29 Add
03/11/19 DBS Vickers Ezion 0.043 0.05 Hold PER10x F20
03/11/19 CIMB OCBC 11.05 12 Hold
03/11/19 Soochow SSD OUE Lippo HC 0.066 0.088 Buy Sum of parts
03/11/19 OCBC Singtel 2.94 3.79 Buy
03/11/19 DMG & Partners Singtel 2.94 3.09 Neutral Sum of parts
03/11/19 Lim & Tan Singtel 2.94 0 Hold
03/11/19 Kim Eng Top Glove 1.5 1.53 Hold Ringgit target $4.60, PER24x CY20
03/11/19 DMG & Partners UG Healthcare 0.205 0.32 Buy PER10x FY20
03/11/19 CIMB UOB 24.91 29 Add

Sunday, March 10, 2019

What is Targeted longer-term refinancing operations (TLTROs)?

https://www.ecb.europa.eu/mopo/implement/omo/tltro/html/index.en.html

TLTRO is basically a quantitative easing policy.

The 1st TLTRO started in June 2014 and ended in June 2018.  After the 1st TLTRO ended, the stock markets fared badly at the end of 2018.  Therefore, we could see that TLTRO had a great impact on the stock markets.

The 2nd TLTRO started in March 2016 and would end in March 2020.  After seeing the repercussion for the end of the 1st TLTRO, the ECB has decided to launch a 3rd TLTRO to prevent a repeat of the previous outcome for the end of the 2nd TLTRO.

Why? This is because the 2nd TLTRO is much bigger than the first one.

https://www.reuters.com/article/us-ecb-policy-explainer/explainer-what-is-the-fuss-about-european-central-bank-tltro-loans-idUSKCN1QL1HP


The total outstanding credit amount stood at EUR$761b as at end March 2017.


George Soros has just ditched crypto (bitcoin).

https://www.newsbtc.com/2019/03/09/precious-metals-firm-drops-crypto-is-the-bitcoin-digital-gold-narrative-in-trouble/

When George Soros won't accept crypto like bitcoin, he is signaling to others that bitcoin has no future.

Even the Japanese giant, Mizuho, has developed a digital token based on the QR code system and not blockchain.

https://www.coinspeaker.com/japan-mizuho-j-coin-cryptocurrency/

We had stated previously that reputable financial firms won't use any public blockchain because of security, private and confidential issues.

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

Saturday, March 9, 2019

HKMA has intervened in HKD.

https://finance.yahoo.com/news/hong-kong-steps-defend-peg-224736691.html

The HKMA has to either intervened in the currency market or up the interest rates.  As the interest rate hikes will disrupt the property market, it is safer to intervene in the currency market.

If you want to know more about the HKD depreciation, please read our previous post below.

https://sg-stock.blogspot.com/2019/03/hong-kong-dollar-has-been-depreciating.html

Baltic dry index - 657

Today, Thursday, March 07 2019, the Baltic Dry Index decreased by 7 points, reaching 657 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 stock: Sembcorp Marine, Cosco & Pan ocean

US rig count - 1038

The US drilling rig count is down 9 units to 1,038 rigs working for the week ended Mar. 1, according to Baker Hughes data. The count is up 57 units from the 981 rigs working this time a year ago.
Week-over-week, 11 fewer rigs were drilling on land, bringing that count 1,015. Three additional rigs were counted offshore, bringing the total number of units drilling to 22. Inland waters dropped a single unit, leaving 1 rig working for the week.
US oil-directed rigs dropped 10 units from last week to 843 units working but remained up from the 800 rigs drilling for oil this week a year ago. Gas-directed rigs were up a single unit at 195, and up from the 181 units drilling for gas a year ago.
Among the major oil and gas-producing states, California, with 15 rigs working for the week, saw the largest increase. The only other addition was a single-unit gain in Louisiana, bringing the state’s total to 65 rigs drilling.
Five states were unchanged this week: Pennsylvania, 44; Colorado, 34; West Virginia, 19; Ohio, 18; and Utah, 8.
Texas, at 503 rigs, dropped 5 units from last week. Oklahoma, 115, and Alaska, 11, each dropped 2 units.
Three states dropped a single unit this week: New Mexico, 107; North Dakota, 56; and Wyoming, 36.
Canada dropped a single unit for the week ended Mar. 1. With 211 rigs working, the count is less than the 302 units drilling this week a year ago.
The number of oil-directed rigs in Canada fell by 4, bringing the count to 140 rigs for the week. Gas-directed rigs were up 3 to 71 units.
=====================
Related stock: Keppel Corp, Sembcorp Marine & Cosco

Friday, March 8, 2019

Old Chang Kee - Stock calls


Date Analyst Company Last Target Call Valuation
02/15/18 phillip Old Chang Kee 0.745 0.98 Buy DCF
03/19/18 phillip Old Chang Kee 0.76 0.98 Buy
04/16/18 phillip Old Chang Kee 0.775 0.98 Buy
05/31/18 phillip Old Chang Kee 0.755 0.98 Buy DCF, PER22.6x FY19

Olam - Stock calls


Date Analyst Company Last Target Call Valuation
03/01/18 DBS Vickers Olam 2.25 2.31 Hold DCF & PER16.1x
04/03/18 DBS Vickers Olam 2.32 2.31 Hold

OKP - Stock calls


Date
Analyst
Company
Last
Target
Call
Valuation
02/20/18
Amfrasers
OKP
0.35
0.39
Hold

Stock calls for 8 March 2019


Date Analyst Company Last Target Call Valuation
03/08/19 CIMB Comfortdelgro 2.41 2.74 Add DCF
03/08/19 DMG & Partners Japan Foods 0.43 0.45 Neutral
03/08/19 UOB Kay Hian Koufu 0.67 0.95 Buy
03/08/19 Lim & Tan Koufu 0.67 0.85 Buy PER18x FY19
03/08/19 phillip SHS 0.191 0.194 Neutral PB0.7x
03/08/19 Phillip Y Venture 0.078 0.16 Buy PER30x

EU economic situation is getting dire.

https://finance.yahoo.com/news/draghi-slashes-ecb-outlook-officials-135649913.html

The ECB has revived the TLTRO policy to stimulate the EU economies because the situation is getting dire.

We did warn about this in our previous post below.

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

Furthermore, Italy has decided to join China's OBR initiatives despite some resistance from other EU members because of its poor economy.  Italy wants to make use of China to revive its economy.

https://www.cnbc.com/2019/03/06/italy-set-to-support-chinas-belt-and-road-program-ft-report-says.html

As we can see, many EU members want to take advantage of China's economic growth but still want to contain China's developments simultaneously.  How despicable is that?

Thursday, March 7, 2019

Inverse relationship between China A50 and RMB.

China A50

CNY (RMB)
From the 2 charts above, we can see that there is an inverse relationship between RMB and China A50.  Therefore, investors who are interested in China A50 have to monitor RMB movements as it will affect the trajectory of China A50 on SGX.  If you can predict the future RMB trajectory, you can determine the China A50 trajectory too.


OCBC - Stock calls


Date Analyst Company Last Target Call Valuation
01/02/18 UOB Kay Hian OCBC 12.39 13.56 Buy GGM, PB1.44x FY18
01/05/18 DBS Vickers OCBC 12.95 14 Buy GGM, PB1.4x FY18
01/05/18 UOB Kay Hian OCBC 12.95 14.88 Buy GGM, PB1.58x FY18
01/09/18 Deutsche OCBC 12.99 13.6 Hold
01/09/18 JP Morgan OCBC 12.99 14.2 Neutral Up from $12.5
01/10/18 phillip OCBC 12.91 13.48 Buy
02/03/18 UOB Kay Hian OCBC 12.26 14.88 Buy
02/05/18 Macquarie OCBC 12.81 14 Outperform
02/05/18 JP Morgan OCBC 12.81 14.5 Overweight
02/12/18 phillip OCBC 12.19 13.48 Buy
02/15/18 UOB Kay Hian OCBC 12.26 14.9 Buy GGM, PB1.56x FY18
02/15/18 Kim Eng OCBC 12.26 13.5 Hold PB1.4x FY18
02/15/18 Credit Suisse OCBC 12.26 14.7 Outperform
02/15/18 CIMB OCBC 12.26 14 Add GGM, PB1.4x FY18, PER11.7x FY19
02/15/18 Jefferies OCBC 12.26 14 Buy
02/15/18 DBS Vickers OCBC 12.26 14 Buy GGM, PB1.4x FY18
02/22/18 UBS OCBC 13 14.5 Buy
02/22/18 phillip OCBC 13 13.94 Buy GGM, PB1.46x
02/22/18 Jefferies OCBC 13 15.2 Buy
03/02/18 UOB Kay Hian OCBC 13.21 14.9 Buy
03/08/18 UOB Kay Hian OCBC 13.21 14.95 Buy GGM, PB1.54x FY18
03/20/18 Kim Eng OCBC 13.18 14.83 Buy
03/22/18 Lim & Tan OCBC 13.42 0 Buy
04/03/18 UOB Kay Hian OCBC 12.77 14.95 Buy
04/16/18 Credit Suisse OCBC 13.08 15.75 Buy
04/20/18 UOB Kay Hian OCBC 13.74 16.02 Buy GGM, PB1.64x FY18
04/20/18 CIMB OCBC 13.74 15 Add GGM, PB1.5x FY18
04/27/18 DBS Vickers OCBC 13.76 15.3 Buy GGM, PB1.5x FY18
05/03/18 UOB Kay Hian OCBC 13.86 16.02 Buy
05/08/18 Macquarie OCBC 13.17 14.5 Outperform
05/08/18 CIMB OCBC 13.17 14 Hold GGM, PB1.5x FY18
05/08/18 UOB Kay Hian OCBC 13.17 16.5 Buy GGM, PB1.66x FY18
05/08/18 Credit Suisse OCBC 13.17 15.1 Outperform
05/08/18 DBS Vickers OCBC 13.17 15.3 Buy GGM, PB1.5x FY18
05/08/18 Deutsche OCBC 13.17 14 Hold
05/09/18 phillip OCBC 13.08 14.9 Accumulate GGM, PB1.6x FY18
05/09/18 Kim Eng OCBC 13.08 14.6 Buy GGM, PB1.5x FY18
06/01/18 UOB Kay Hian OCBC 12.54 16.5 Buy GGM, PB1.68 FY18
06/04/18 phillip OCBC 12.53 14.9 Accumulate
06/26/18 UOB Kay Hian OCBC 11.6 14.28 Buy GGM, PER1.46x FY18
07/02/18 phillip OCBC 11.64 14.9 Accumulate
07/03/18 UOB Kay Hian OCBC 11.51 14.28 Buy
07/06/18 DBS Vickers OCBC 11.5 12.2 Hold GGM, PB1.3x FY18
07/19/18 UOB Kay Hian OCBC 11.15 13.52 Buy GGM, PB1.41x FY18
08/01/18 phillip OCBC 11.57 14.9 Accumulate GGM, PB1.5x
08/06/18 Macquarie OCBC 11.35 14.5 Outperform
08/06/18 Jefferies OCBC 11.35 14 Buy
08/07/18 UOB Kay Hian OCBC 11.58 13.68 Buy GGM, PB1.42x FY18
08/07/18 Credit Suisse OCBC 11.58 14.65 Outperform
08/07/18 DBS Vickers OCBC 11.58 12.4 Hold GGM, PB1.2x FY19
08/07/18 CIMB OCBC 11.58 14 Add
09/03/18 UOB Kay Hian OCBC 11.3 13.68 Buy GGM, PB1.42x FY18
09/25/18 CIMB OCBC 11.36 14 Add GGM
09/26/18 DBS Vickers OCBC 11.45 12.4 Hold
10/02/18 phillip OCBC 11.45 14.9 Buy
10/03/18 UOB Kay Hian OCBC 11.31 13.68 Buy
10/11/18 Jefferies OCBC 10.95 14 Buy
10/15/18 UOB Kay Hian OCBC 10.75 14.05 Buy GGM, PB1.37x FY19
10/19/18 DBS Vickers OCBC 10.7 12.4 Hold
11/01/18 phillip OCBC 10.74 14.9 Buy
11/01/18 Lim & Tan OCBC 10.74 0 Buy
11/02/18 CIMB OCBC 11.15 14 Add GGM
11/02/18 DBS Vickers OCBC 11.15 13.2 Buy GGM, PB1.3x FY19
11/02/18 UOB Kay Hian OCBC 11.15 14.05 Buy GGM, PB1.37x FY19
11/12/18 Macquarie OCBC 11.46 13 Outperform
11/12/18 JP Morgan OCBC 11.46 13.5 Overweight
12/04/18 DBS Vickers OCBC 11.6 13.2 Buy GGM, PB1.3x FY19
12/04/18 UOB Kay Hian OCBC 11.6 14.05 Buy
01/03/19 CIMB OCBC 11.1 14 Add PER10.8x FY20
01/04/19 UOB Kay Hian OCBC 11.03 14.05 Buy
01/08/19 UOB Kay Hian OCBC 11.37 13.82 Buy
01/31/19 Kim Eng OCBC 11.39 10.95 Hold DDM
02/01/19 phillip OCBC 11.51 13.7 Buy GGM, PB1.4x FY19
02/08/19 UOB Kay Hian OCBC 11.49 13.82 Buy
02/13/19 Kim Eng OCBC 11.41 10.95 Hold
02/25/19 CIMB OCBC 11.39 12 Hold PB1.2x CY19
02/25/19 UOB Kay Hian OCBC 11.39 13.85 Buy
02/25/19 DBS Vickers OCBC 11.39 12.9 Buy GGM, PB1.2x FY19
02/25/19 Kim Eng OCBC 11.39 10.73 Hold DDM
02/27/19 Macquarie OCBC 11.2 13 Outperform PB
03/04/19 phillip OCBC 11.1 13.7 Buy
03/07/19 Kim Eng OCBC 11.22 10.73 Hold

Noble - Stock calls


Date Analyst Company Last Target Call Valuation
03/01/18 Lim & Tan Noble 0.172 0 Avoid Suspension alert
04/06/18 Lim & Tan Noble 0.067 0 Avoid

Netlink - Stock calls


Date Analyst Company Last Target Call Valuation
01/12/18 UOB Kay Hian Netlink 835 0.93 Buy
01/26/18 DBS Vickers Netlink 0.83 0.95 Buy DCF
02/07/18 UOB Kay Hian Netlink 0.82 0.93 Buy DCF
02/07/18 DBS Vickers Netlink 0.82 0.97 Buy DCF
03/12/18 UOB Kay Hian Netlink 0.82 0.93 Buy
03/14/18 OCBC Netlink 0.82 0.91 Buy DDM
05/15/18 OCBC Netlink 0.815 0.91 Buy
05/16/18 OCBC Netlink 0.82 0.9 Buy
05/16/18 DBS Vickers Netlink 0.82 0.97 Buy DCF
07/02/18 DBS Vickers Netlink 0.74 0.87 Buy DCF
08/07/18 OCBC Netlink 0.78 0.9 Buy
08/07/18 DBS Vickers Netlink 0.78 0.87 Buy
09/10/18 Kim Eng Netlink 0.785 0.93 Buy DDM
09/17/18 UOB Kay Hian Netlink 0.785 0.95 Buy DCF
10/02/18 DBS Vickers Netlink 0.785 0.87 Buy
10/11/18 OCBC Netlink 0.785 0.9 Buy
10/26/18 Kim Eng Netlink 0.78 0.93 Buy
11/05/18 DBS Vickers Netlink 0.775 0.87 Buy
11/07/18 Kim Eng Netlink 0.78 0.93 Buy DDM
11/07/18 OCBC Netlink 0.78 0.9 Buy
11/21/18 UOB Kay Hian Netlink 0.77 0.99 Buy DCF
12/10/18 OCBC Netlink 0.765 0.9 Buy
12/17/18 Kim Eng Netlink 0.76 0.93 Buy DDM
12/20/18 DBS Vickers Netlink 0.77 0.87 Buy
01/02/19 UOB Kay Hian Netlink 0.765 0.99 Buy DCF
01/02/19 Kim Eng Netlink 0.765 0.93 Buy
01/15/19 DBS Vickers Netlink 0.77 0.87 Buy DCF
02/07/19 Kim Eng Netlink 0.785 0.93 Buy DDM, PER38.8x FY21
02/08/19 DBS Vickers Netlink 0.79 0.87 Buy DCF, PER32.6x FY21
02/08/19 UOB Kay Hian Netlink 0.79 0.99 Buy
02/15/19 UOB Kay Hian Netlink 0.805 0.92 Buy DCF, PER40x FY21
02/18/19 OCBC Netlink 0.805 0.9 Buy

Stock calls for 7 March 2019


Date Analyst Company Last Target Call Valuation
03/07/19 DMG & Partners A-Reit 2.83 2.9 Neutral DDM
03/07/19 CIMB A-Reit 2.83 2.83 Add
03/07/19 Kim Eng DBS 25.36 29.56 Buy
03/07/19 CIMB ESR-Reit 0.53 0.62 Add
03/07/19 phillip Golden Energy 0.235 0.3 Buy PER10x
03/07/19 UOB Kay Hian Keppel Reit 1.28 1.35 Buy DDM
03/07/19 OCBC M1 2.05 2.06 Accept Offer Offer $2.06
03/07/19 OCBC Mapletree Logistics 1.42 1.5 Buy
03/07/19 Kim Eng OCBC 11.22 10.73 Hold
03/07/19 Kim Eng UOB 25.1 29.71 Buy

Wednesday, March 6, 2019

The Indian government likes to fabricate news.

https://sg.news.yahoo.com/satellite-images-show-madrasa-buildings-still-standing-scene-005341234.html

The Indian government didn't bomb the Pakistan structure as declared.  The latest satellite images contradict the Indian government's proclamation.

Ouch! The indian government must have felt a tight slap on its face now.

Nera Telecom - Stock calls


Date Analyst Company Last Target Call Valuation
12/17/18 Lim & Tan Nera Telecom 0.265 0 Buy
03/04/19 Lim & Tan Nera Telecom 0.285 0 Buy

Neo Group - Stock calls


Date Analyst Company Last Target Call Valuation
02/09/18 DMG & Partners Neo Group 0.67 0.67 Neutral

Nam Lee - Stock calls


Date Analyst Company Last Target Call Valuation
02/12/18 Phillip Nam Lee 0.38 0.56 Buy DCF, PER11.1x FY18, PB0.96x FY18
05/07/18 Phillip Nam Lee 0.37 0.56 Buy DCF, PER11.9x FY18, PB0.97x FY18
08/08/18 Phillip Nam Lee 0.365 0.51 Buy DCF, PER10.5x FY18, PB0.88x FY18

Stock calls for 6 March 2019


Date Analyst Company Last Target Call Valuation
03/06/19 DMG & Partners Centurion 0.425 0.41 Neutral DCF
03/06/19 CIMB Dairy Farm 8.33 8.54 Hold PER23.5x FY20

Canada is feeling the heat now.

https://www.channelnewsasia.com/news/business/canada-fm-decries-china-halting-canola-shipments-11315294

Canada should approach the USA to buy all the canola shipments since it is helping the USA to detain Huawei Cfo.

What's there to decry when Canada is standing with the USA to go against China?  Canada should know the consequences beforehand.

Asian deflation is happening!

https://finance.yahoo.com/news/malaysia-decision-guide-deflation-sets-210000368.html

We warned about deflation in Asia in our previous post below.

https://sg-stock.blogspot.com/2019/01/deflation-will-start-in-asia-soon.html

Therefore, it is not surprising to see Asian central banks to adopt anti-deflation policies because deflation is not good for economies.

Tuesday, March 5, 2019

Hyflux is finished now.

https://www.channelnewsasia.com/news/singapore/pub-default-notice-hyflux-tuaspring-right-take-over-plant-11313888

Hyflux will be game over once it loses tuaspring desalination plant.

It has a defective plant not only in SG but also in overseas.  In fact, every plant is defective.

Goodbye Hyflux! RIP!