Date | Analyst | Company | Last | Target | Call | Valuation |
01/08/18 | CIMB | Raffles Medical | 1.12 | 1.24 | Add | Sum of parts |
02/13/18 | UOB Kay Hian | Raffles Medical | 1.08 | 1.34 | Buy | |
02/27/18 | Phillip | Raffles Medical | 1.1 | 1.32 | Accumulate | DCF |
02/27/18 | UOB Kay Hian | Raffles Medical | 1.1 | 1.32 | Buy | DCF |
02/27/18 | OCBC | Raffles Medical | 1.1 | 1.26 | Buy | Sum of parts |
02/27/18 | Kim Eng | Raffles Medical | 1.1 | 1.13 | Hold | DCF |
02/27/18 | DMG & Partners | Raffles Medical | 1.1 | 1.02 | Neutral | DCF |
02/28/18 | DBS Vickers | Raffles Medical | 1.16 | 1 | Fully Valued | Sum of parts, PER26x FY18 |
03/13/18 | UOB Kay Hian | Raffles Medical | 1.17 | 1.32 | Buy | DCF |
05/02/18 | Phillip | Raffles Medical | 1.15 | 1.32 | Accumulate | DCF |
05/02/18 | UOB Kay Hian | Raffles Medical | 1.15 | 1.32 | Buy | DCF |
05/02/18 | DMG & Partners | Raffles Medical | 1.15 | 1.02 | Sell | DCF |
05/02/18 | OCBC | Raffles Medical | 1.15 | 1.26 | Buy | |
05/02/18 | CIMB | Raffles Medical | 1.15 | 1.24 | Hold | Sum of parts |
05/02/18 | Kim Eng | Raffles Medical | 1.15 | 1.13 | Hold | |
06/29/18 | DMG & Partners | Raffles Medical | 1.01 | 1.02 | Neutral | DCF |
07/24/18 | UOB Kay Hian | Raffles Medical | 1.1 | 1.28 | Buy | DCF, PER34.8x FY18 |
08/07/18 | UOB Kay Hian | Raffles Medical | 1.09 | 1.28 | Buy | DCF, PER34.8x FY18 |
08/07/18 | DMG & Partners | Raffles Medical | 1.09 | 1.02 | Neutral | |
08/07/18 | CIMB | Raffles Medical | 1.09 | 1.19 | Hold | Sum of parts |
08/07/18 | OCBC | Raffles Medical | 1.09 | 1.26 | Buy | |
08/08/18 | Phillip | Raffles Medical | 1.11 | 1.32 | Accumulate | DCF |
09/24/18 | OCBC | Raffles Medical | 1.1 | 1.26 | Buy | |
10/30/18 | OCBC | Raffles Medical | 1.09 | 1.26 | Buy | Sum of parts |
10/30/18 | UOB Kay Hian | Raffles Medical | 1.09 | 1.27 | Buy | DCF |
10/30/18 | DMG & Partners | Raffles Medical | 1.09 | 1.02 | Neutral | DCF |
10/30/18 | CIMB | Raffles Medical | 1.09 | 1.19 | Hold | Sum of parts |
12/05/18 | UOB Kay Hian | Raffles Medical | 1.2 | 1.3 | Buy | DCF |
01/23/19 | phillip | Raffles Medical | 1.11 | 1.16 | Accumulate | |
02/20/19 | UOB Kay Hian | Raffles Medical | 1.12 | 1.3 | Buy | DCF |
02/26/19 | DMG & Partners | Raffles Medical | 1.12 | 1.02 | Neutral | DCF |
02/26/19 | OCBC | Raffles Medical | 1.12 | 1.25 | Buy | |
02/26/19 | DBS Vickers | Raffles Medical | 1.12 | 1.12 | Hold | Sum of parts, PER27x FY18/19 |
Friday, March 15, 2019
Raffles Medical - Stock calls
Q & M - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/08/18 | CIMB | Q & M | 0.65 | 0.61 | Reduce | PER28x CY19 |
03/02/18 | phillip | Q & M | 0.635 | 0.625 | Hold | PER27x FY18 |
05/16/18 | phillip | Q & M | 0.605 | 0.625 | Neutral | PER27x FY18 |
08/16/18 | phillip | Q & M | 0.51 | 0.649 | Buy | PER28x FY18 |
11/19/18 | phillip | Q & M | 0.51 | 0.513 | Neutral | PER25x FY18/19 |
11/23/18 | CIMB | Q & M | 0.505 | 0.47 | Reduce | PER20x FY20 |
01/23/19 | phillip | Q & M | 0.495 | 0.513 | Neutral |
Stock calls for 15 March 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
03/15/19 | DBS Vickers | Cromwell Reit (EUR) | 0.49 | 0.59 | Buy | DCF |
03/15/19 | Lim & Tan | Keppel Infrastructure | 0.485 | 0 | Hold | |
03/15/19 | OCBC | Netlink | 0.795 | 0.9 | Buy |
Thursday, March 14, 2019
Propnex - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
09/12/18 | UOB Kay Hian | Propnex | 0.535 | 0.65 | Buy | DCF, PER10x FY19 |
10/22/18 | UOB Kay Hian | Propnex | 0.535 | 0.65 | Buy | DCF, PER10x FY19 |
11/15/18 | UOB Kay Hian | Propnex | 0.56 | 0.65 | Buy | DCF, PER10x FY19 |
12/10/18 | UOB Kay Hian | Propnex | 0.525 | 0.65 | Buy | |
02/27/19 | UOB Kay Hian | Propnex | 0.565 | 0.66 | Buy |
Powermatic - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/06/18 | CIMB | Powermatic | 1.39 | 2.58 | Add | Sum of parts, PER12.8x FY19 |
Perennial Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/18 | DBS Vickers | Perennial Reit | 0.88 | 1.05 | Buy | |
02/09/18 | CIMB | Perennial Reit | 0.835 | 1.12 | Add | |
02/12/18 | DBS Vickers | Perennial Reit | 0.835 | 1.05 | Buy | RNAV (50% discount) |
03/13/18 | CIMB | Perennial Reit | 0.855 | 1.18 | Add | RNAV (40% discount) |
03/14/18 | DBS Vickers | Perennial Reit | 0.875 | 1.05 | Buy | |
04/06/18 | DBS Vickers | Perennial Reit | 0.855 | 1.05 | Buy | |
05/10/18 | CIMB | Perennial Reit | 0.86 | 1.18 | Add | RNAV (40% discount) |
08/06/18 | DBS Vickers | Perennial Reit | 0.805 | 1.05 | Buy | RNAV (50% discount) |
08/07/18 | CIMB | Perennial Reit | 0.805 | 0.99 | Add | RNAV (50% discount) |
11/09/18 | DBS Vickers | Perennial Reit | 0.685 | 0.83 | Buy | RNAV (55% discount) |
02/14/19 | DBS Vickers | Perennial Reit | 0.645 | 0.83 | Buy | RNAV (55% discount) |
Stock calls for 14 March 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
03/14/19 | DMG & Partners | Capitamall Trust | 2.39 | 2.2 | Neutral | DDM |
03/14/19 | DBS Vickers | Frasers Centrepoint Trust | 2.26 | 2.6 | Buy | |
03/14/19 | CIMB | Japfa | 0.715 | 0.63 | Reduce | Sum of parts |
03/14/19 | UOB Kay Hian | Jumbo | 0.405 | 0.41 | Hold | Buy @ $0.37 |
03/14/19 | DBS Vickers | SGX | 7.26 | 7.05 | Hold | DDM, PER20x CY20 |
03/14/19 | UOB Kay Hian | Thai Beverage | 0.805 | 0.86 | Hold | Sum of parts, Buy @ $0.78 |
03/14/19 | Amfrasers | Uni-Asia | 1.2 | 2.07 | Buy |
Wednesday, March 13, 2019
Parkway Life - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/29/18 | CIMB | Parkway Life | 2.97 | 3.07 | Hold | DDM |
01/29/18 | Lim & Tan | Parkway Life | 2.97 | 0 | Hold | |
01/29/18 | DBS Vickers | Parkway Life | 2.97 | 3.15 | Buy | |
05/02/18 | CIMB | Parkway Life | 2.79 | 3.07 | Hold | DDM |
05/02/18 | UOB Kay Hian | Parkway Life | 2.79 | 3.32 | Buy | DDM |
05/04/18 | Lim & Tan | Parkway Life | 2.78 | 0 | Buy | |
06/20/18 | DBS Vickers | Parkway Life | 2.58 | 3.15 | Buy | |
07/26/18 | Lim & Tan | Parkway Life | 2.78 | 0 | Buy | |
07/27/18 | CIMB | Parkway Life | 2.75 | 3.05 | Hold | DDM |
07/27/18 | DBS Vickers | Parkway Life | 2.75 | 3.15 | Buy | DCF |
10/25/18 | UOB Kay Hian | Parkway Life | 2.67 | 3.15 | Buy | DDM |
10/26/18 | DBS Vickers | Parkway Life | 2.63 | 3.1 | Buy | DCF |
10/26/18 | CIMB | Parkway Life | 2.63 | 3.05 | Hold | |
01/30/19 | DBS Vickers | Parkway Life | 2.8 | 3.1 | Buy |
Pacific Radiance - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/12/18 | CIMB | Pacific Radiance | 0.108 | 0.07 | Reduce |
Pacific Century - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/04/19 | Lim & Tan | Pacific Century | 0.385 | 0 | Buy |
Stock calls for 13 March 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
03/13/19 | DMG & Partners | CDL Hospitality | 1.63 | 1.8 | Buy | |
03/13/19 | CIMB | CEI | 0.945 | 0.97 | Hold | PER10x FY20 |
03/13/19 | DMG & Partners | DBS | 25.3 | 28.8 | Buy | GGM, PB1.5x FY19 |
03/13/19 | DMG & Partners | ESR-Reit | 0.53 | 0.61 | Buy | |
03/13/19 | DMG & Partners | Fu Yu | 0.205 | 0.24 | Buy | |
03/13/19 | DMG & Partners | Genting | 1.02 | 1.22 | Buy | |
03/13/19 | Lim & Tan | Hi-P | 1.75 | 0 | Avoid | overvalued |
03/13/19 | DMG & Partners | HRnetGroup | 0.79 | 1.06 | Buy | |
03/13/19 | DMG & Partners | Manulife US Reit | 0.85 | 0.94 | Buy | |
03/13/19 | UOB Kay Hian | Sembcorp Industries | 2.57 | 2.8 | Hold | Buy @ $2.35 |
03/13/19 | DMG & Partners | Sheng Siong | 1.08 | 1.25 | Buy | |
03/13/19 | DMG & Partners | Silverlake | 0.555 | 0.65 | Buy | |
03/13/19 | DMG & Partners | ST Engineering | 3.74 | 4.1 | Buy | |
03/13/19 | DMG & Partners | Starhill | 0.7 | 0.8 | Buy | |
03/13/19 | DMG & Partners | UOB | 25.04 | 29.8 | Buy | |
03/13/19 | DMG & Partners | Wilmar | 3.24 | 3.63 | Buy |
Tuesday, March 12, 2019
SGX's dream to be a derivatives exchange is being shattered by HKEX.
https://sg.finance.yahoo.com/news/singapore-exchange-faces-threat-hkex-china-share-move-063117446.html
SGX is no longer a securities exchange favoured by IPO aspirants. Therefore, it seeks to boost its derivatives business to replace its securities market. However, this strategy is being shattered by HKEX now.
https://sg-stock.blogspot.com/2019/02/death-knell-is-bellowing-for-sgx-as.html
SGX is no longer a securities exchange favoured by IPO aspirants. Therefore, it seeks to boost its derivatives business to replace its securities market. However, this strategy is being shattered by HKEX now.
https://sg-stock.blogspot.com/2019/02/death-knell-is-bellowing-for-sgx-as.html
PACC Offshore - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/23/18 | DBS Vickers | PACC Offshore | 0.43 | 0.51 | Buy | PB1x |
02/13/18 | DBS Vickers | PACC Offshore | 0.37 | 0.51 | Buy | |
02/22/18 | DBS Vickers | PACC Offshore | 0.39 | 0.48 | Buy | PB1.4x |
04/04/18 | DBS Vickers | PACC Offshore | 0.35 | 0.32 | Hold | PB1x |
05/10/18 | DBS Vickers | PACC Offshore | 0.345 | 0.32 | Hold | PB1x FY18 |
08/10/18 | DBS Vickers | PACC Offshore | 0.305 | 0.32 | Hold | PB1x FY18 |
11/05/18 | DBS Vickers | PACC Offshore | 0.24 | 0.25 | Hold | PB0.8x FY19 |
02/26/19 | DBS Vickers | PACC Offshore | 0.183 | 0.2 | Hold | PB0.8x FY19 |
Oxley - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/14/18 | UOB Kay Hian | Oxley | 0.56 | 0.74 | Buy | |
04/04/18 | Soochow SSD | Oxley | 0.495 | 0.63 | Buy | RNAV (20% discount) |
04/24/18 | DBS Vickers | Oxley | 0.485 | 0.68 | Not Rated | RNAV (35% discount) |
06/04/18 | Kim Eng | Oxley | 0.46 | 0.56 | Buy | RNAV (20% discount) |
07/09/18 | Kim Eng | Oxley | 0.345 | 0.34 | Hold | |
07/12/18 | Tayona | Oxley | 0.36 | 0.435 | Overweight | |
08/27/18 | Kim Eng | Oxley | 0.35 | 0.36 | Hold | |
09/06/18 | Kim Eng | Oxley | 0.345 | 0.36 | Hold | |
12/07/18 | UOB Kay Hian | Oxley | 0.295 | 0.64 | Buy |
OUE Lippo HC - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/11/19 | Soochow SSD | OUE Lippo HC | 0.066 | 0.088 | Buy | Sum of parts |
Stock calls for 12 March 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
03/12/19 | Tayona | CNMC | 0.21 | 0.31 | Overweight | |
03/12/19 | UOB Kay Hian | First Resources | 1.69 | 1.85 | Hold | Buy @ $1.65 |
03/12/19 | Amfrasers | Frencken | 0.51 | 0.67 | Buy | PER10x FY19 |
03/12/19 | Lim & Tan | Keppel Corp | 6.1 | 0 | Hold | |
03/12/19 | OCBC | Keppel DC Reit | 1.44 | 1.6 | Buy | |
03/12/19 | Citibank | SGX | 7.46 | 7 | Sell | |
03/12/19 | CIMB | Singtel | 2.93 | 3.4 | Add | Sum of parts |
03/12/19 | CIMB | Wilmar | 3.2 | 3.96 | Add | Sum of parts |
03/12/19 | DBS Vickers | Wilmar | 3.2 | 3.6 | Buy |
Failed bike sharing business again!
https://www.asiaone.com/singapore/end-life-cycle-mobike-calls-it-quits-singapore
This is a flawed business concept and we've stated this many times. I'm sick of explaining this again.
Please read our previous posts below.
https://sg-stock.blogspot.com/2018/07/ofo-bike-sharing-has-failed-in-usa.html
This is a flawed business concept and we've stated this many times. I'm sick of explaining this again.
Please read our previous posts below.
https://sg-stock.blogspot.com/2018/07/ofo-bike-sharing-has-failed-in-usa.html
SIA had no safety concern for its passengers.
https://www.channelnewsasia.com/news/singapore/singapore-grounds-boeing-737-max-aircraft-caas-silkair-11334980
It was sad to see that our national carrier (SIA-Silkair) had no safety concern for its passengers until our CAAS took action to ban Boeing 737-Max.
https://www.channelnewsasia.com/news/singapore/silkair-sia-boeing-737-max-aircraft-operation-ethiopia-airlines-11330734
Kudos to CAAS and Shame on SIA!
It was sad to see that our national carrier (SIA-Silkair) had no safety concern for its passengers until our CAAS took action to ban Boeing 737-Max.
https://www.channelnewsasia.com/news/singapore/silkair-sia-boeing-737-max-aircraft-operation-ethiopia-airlines-11330734
Kudos to CAAS and Shame on SIA!
SMRT has MRT door safety issue!
https://sg.news.yahoo.com/smrt-station-manager-suspended-train-moves-off-door-open-033702093.html
Look like the door issue is a common safety problem for MRT. Even the new MRT has this door safety issue.
We had highlighted this before.
http://sg-stock.blogspot.com/2019/02/smrt-safety-is-in-doubt-again.html
Look like the door issue is a common safety problem for MRT. Even the new MRT has this door safety issue.
We had highlighted this before.
http://sg-stock.blogspot.com/2019/02/smrt-safety-is-in-doubt-again.html
Monday, March 11, 2019
Singapore is heading towards a political collision course with Malaysia in the future.
https://www.cnbc.com/2019/03/11/malaysias-mahathir-says-he-will-side-with-china-over-us-scmp.html
Malaysia has chosen to side with China when the inevitable occurrence comes. What about Singapore? Whose side will we be on?
SG is very likely to side the USA in our view. Why?
This is because most of our military weapons are US-based including our fighter jets. Our F15, F16 and F35 won't have the spare parts to fly if we side with China. Our missiles defense systems also cannot work when we are not in the same camp as the US since we are using GPS and not Beidou.
Without our military defense, we will be very vulnerable and Malaysia can just walk over us. If our government doesn't diversify our military defense, we will be locked down forever by the USA.
However, we will be at war with Malaysia when we are not in the same camp as Malaysia.
It is time to purchase Russian and Chinese military defense systems.
Malaysia has chosen to side with China when the inevitable occurrence comes. What about Singapore? Whose side will we be on?
SG is very likely to side the USA in our view. Why?
This is because most of our military weapons are US-based including our fighter jets. Our F15, F16 and F35 won't have the spare parts to fly if we side with China. Our missiles defense systems also cannot work when we are not in the same camp as the US since we are using GPS and not Beidou.
Without our military defense, we will be very vulnerable and Malaysia can just walk over us. If our government doesn't diversify our military defense, we will be locked down forever by the USA.
However, we will be at war with Malaysia when we are not in the same camp as Malaysia.
It is time to purchase Russian and Chinese military defense systems.
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.
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
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
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.
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Related stock: Sembcorp Marine, Cosco & Pan ocean
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