Date | Analyst | Company | Last | Target | Call | Valuation |
01/18/18 | OCBC | Soilbuild Reit | 0.695 | 0.68 | Hold | |
01/19/18 | DBS Vickers | Soilbuild Reit | 0.7 | 0.62 | Hold | DCF |
01/19/18 | Lim & Tan | Soilbuild Reit | 0.7 | 0 | Hold | |
01/19/18 | Jefferies | Soilbuild Reit | 0.7 | 0.7 | Buy | |
03/29/18 | OCBC | Soilbuild Reit | 0.645 | 0.7 | Buy | |
04/17/18 | OCBC | Soilbuild Reit | 0.66 | 0.7 | Buy | |
04/18/18 | DBS Vickers | Soilbuild Reit | 0.66 | 0.62 | Hold | |
04/18/18 | OCBC | Soilbuild Reit | 0.66 | 0.71 | Buy | |
04/18/18 | Jefferies | Soilbuild Reit | 0.66 | 0.7 | Hold | |
05/24/18 | OCBC | Soilbuild Reit | 0.665 | 0.71 | Buy | |
07/18/18 | OCBC | Soilbuild Reit | 0.65 | 0.69 | Buy | |
07/18/18 | DBS Vickers | Soilbuild Reit | 0.65 | 0.62 | Hold | DCF |
09/10/18 | DBS Vickers | Soilbuild Reit | 0.625 | 0.62 | Hold | |
09/10/18 | OCBC | Soilbuild Reit | 0.625 | 0.69 | Buy | |
10/19/18 | DBS Vickers | Soilbuild Reit | 0.585 | 0.65 | Buy | DCF |
10/19/18 | OCBC | Soilbuild Reit | 0.585 | 0.665 | Buy | |
10/19/18 | Jefferies | Soilbuild Reit | 0.585 | 0.62 | Hold | |
01/23/19 | DBS Vickers | Soilbuild Reit | 0.62 | 0.65 | Buy | DCF |
01/23/19 | OCBC | Soilbuild Reit | 0.62 | 0.62 | Hold | |
01/23/19 | Jefferies | Soilbuild Reit | 0.62 | 0.62 | Hold |
Thursday, March 28, 2019
Soilbuild Reit - Stock calls
SLB Dev - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
06/01/18 | SAC Advisors | SLB Dev | 0.215 | 0.28 | Buy |
Stock calls for 28 March 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
03/28/19 | UOB Kay Hian | Ho Bee | 2.5 | 2.79 | Buy | RNAV (30% discount) |
03/28/19 | UOB Kay Hian | ST Engineering | 3.75 | 4.06 | Buy | |
03/28/19 | Lim & Tan | ST Engineering | 3.75 | 0 | Hold | |
03/28/19 | CIMB | UOL | 6.78 | 8.45 | Add |
Wednesday, March 27, 2019
Singtel - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/18 | UOB Kay Hian | Singtel | 3.59 | 4.53 | Buy | DCF |
01/10/18 | DMG & Partners | Singtel | 3.63 | 4.1 | Neutral | |
01/26/18 | DBS Vickers | Singtel | 3.62 | 4.3 | Buy | Sum of parts |
02/07/18 | OCBC | Singtel | 3.42 | 4.19 | Buy | |
02/08/18 | DMG & Partners | Singtel | 3.44 | 4.1 | Buy | Sum of parts |
02/08/18 | DBS Vickers | Singtel | 3.44 | 4.3 | Buy | |
02/08/18 | Lim & Tan | Singtel | 3.44 | 0 | Buy on weakness | |
02/09/18 | OCBC | Singtel | 3.4 | 4.15 | Buy | |
02/09/18 | UOB Kay Hian | Singtel | 3.4 | 4.4 | Buy | DCF |
02/09/18 | CIMB | Singtel | 3.4 | 4 | Add | |
03/02/18 | UOB Kay Hian | Singtel | 3.36 | 4.4 | Buy | |
03/14/18 | Kim Eng | Singtel | 3.41 | 3.69 | Hold | Sum of parts |
03/15/18 | CIMB | Singtel | 3.4 | 4 | Add | Sum of parts |
03/15/18 | DMG & Partners | Singtel | 3.4 | 4.1 | Buy | Sum of parts |
04/03/18 | UOB Kay Hian | Singtel | 3.39 | 4.4 | Buy | |
04/03/18 | Kim Eng | Singtel | 3.39 | 3.69 | Hold | |
04/16/18 | UOB Kay Hian | Singtel | 3.37 | 4.35 | Buy | |
05/03/18 | UOB Kay Hian | Singtel | 3.5 | 4.35 | Buy | DCF |
05/04/18 | Kim Eng | Singtel | 3.52 | 3.69 | Hold | |
05/07/18 | DBS Vickers | Singtel | 3.5 | 3.85 | Buy | Sum of parts |
05/17/18 | Lim & Tan | Singtel | 3.42 | 0 | Buy | |
05/18/18 | UOB Kay Hian | Singtel | 3.44 | 4.22 | Buy | DCF |
05/18/18 | DMG & Partners | Singtel | 3.44 | 3.9 | Buy | Sum of parts |
05/18/18 | CIMB | Singtel | 3.44 | 3.9 | Add | Sum of parts |
05/18/18 | OCBC | Singtel | 3.44 | 4.1 | Buy | |
05/18/18 | Kim Eng | Singtel | 3.44 | 3.57 | Hold | Sum of parts |
06/04/18 | UOB Kay Hian | Singtel | 3.25 | 4.22 | Buy | DCF |
06/05/18 | DBS Vickers | Singtel | 3.27 | 3.85 | Buy | |
06/18/18 | CIMB | Singtel | 3.19 | 3.9 | Add | |
06/19/18 | DBS Vickers | Singtel | 3.19 | 3.7 | Buy | Sum of parts |
06/19/18 | Kim Eng | Singtel | 3.19 | 3.57 | Hold | |
06/20/18 | OCBC | Singtel | 3.18 | 4.1 | Buy | PER18.3x FY19 |
06/27/18 | DMG & Partners | Singtel | 3.12 | 4.05 | Buy | |
07/03/18 | UOB Kay Hian | Singtel | 3.05 | 4.22 | Buy | |
08/10/18 | OCBC | Singtel | 3.2 | 4.08 | Buy | |
08/10/18 | UOB Kay Hian | Singtel | 3.2 | 4.05 | Buy | DCF |
08/10/18 | CIMB | Singtel | 3.2 | 3.7 | Add | Sum of parts |
08/10/18 | DBS Vickers | Singtel | 3.2 | 3.7 | Buy | Sum of parts |
08/10/18 | DMG & Partners | Singtel | 3.2 | 3.7 | Buy | Sum of parts |
08/13/18 | Lim & Tan | Singtel | 3.14 | 0 | Hold | |
08/20/18 | UOB Kay Hian | Singtel | 3.11 | 3.98 | Buy | DCF |
08/24/18 | Kim Eng | Singtel | 3.28 | 3.46 | Hold | Sum of parts |
09/03/18 | DIR | Singtel | 3.23 | 3.47 | Outperform | Sum of parts |
09/03/18 | UOB Kay Hian | Singtel | 3.23 | 3.98 | Buy | |
09/25/18 | UOB Kay Hian | Singtel | 3.15 | 3.94 | Buy | DCF |
10/03/18 | UOB Kay Hian | Singtel | 3.23 | 3.94 | Buy | DCF |
10/11/18 | DMG & Partners | Singtel | 3.14 | 3.7 | Buy | |
10/24/18 | DBS Vickers | Singtel | 3.13 | 3.64 | Buy | Sum of parts |
11/02/18 | UOB Kay Hian | Singtel | 3.18 | 3.94 | Buy | |
11/02/18 | DBS Vickers | Singtel | 3.18 | 3.64 | Buy | Sum of parts |
11/07/18 | CIMB | Singtel | 3.17 | 3.7 | Add | Sum of parts |
11/09/18 | DBS Vickers | Singtel | 3.08 | 3.59 | Buy | Sum of parts |
11/09/18 | UOB Kay Hian | Singtel | 3.08 | 3.9 | Buy | DCF |
11/09/18 | Kim Eng | Singtel | 3.08 | 3.39 | Hold | DCF |
11/09/18 | OCBC | Singtel | 3.08 | 3.95 | Buy | |
11/09/18 | CIMB | Singtel | 3.08 | 3.4 | Add | Sum of parts |
11/09/18 | DMG & Partners | Singtel | 3.08 | 3.22 | Neutral | |
11/14/18 | Macquarie | Singtel | 3.03 | 3.14 | Outperform | |
12/04/18 | UOB Kay Hian | Singtel | 3.09 | 3.9 | Buy | DCF |
12/06/18 | DMG & Partners | Singtel | 3.08 | 3.22 | Neutral | |
12/10/18 | OCBC | Singtel | 3.08 | 3.95 | Buy | |
12/20/18 | DBS Vickers | Singtel | 2.96 | 3.59 | 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 | |
01/04/19 | Phillip | Singtel | 2.86 | 3.4 | Buy | Sum of parts |
01/14/19 | DMG & Partners | Singtel | 3.05 | 3.22 | Neutral | |
01/15/19 | DBS Vickers | Singtel | 3.05 | 3.59 | Buy | Sum of parts |
02/08/19 | UOB Kay Hian | Singtel | 3.05 | 3.58 | Buy | |
02/12/19 | DBS Vickers | Singtel | 3.05 | 3.5 | Buy | Sum of parts |
02/12/19 | Kim Eng | Singtel | 3.05 | 3.39 | Hold | Sum of parts |
02/15/19 | OCBC | Singtel | 3.03 | 3.79 | Buy | |
02/15/19 | DMG & Partners | Singtel | 3.03 | 3.22 | Neutral | Sum of parts |
02/18/19 | Phillip | Singtel | 2.99 | 3.27 | Accumulate | Sum of parts |
02/18/19 | CIMB | Singtel | 2.99 | 3.4 | Add | 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 | |
03/12/19 | CIMB | Singtel | 2.93 | 3.4 | Add | Sum of parts |
03/21/19 | UOB Kay Hian | Singtel | 2.99 | 3.58 | Buy | DCF |
03/22/19 | DMG & Partners | Singtel | 2.97 | 3.06 | Neutral | |
03/26/19 | CIMB | Singtel | 2.97 | 3.3 | Add | Sum of parts |
Singapore Post - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/10/18 | OCBC | Singapore Post | 1.23 | 1.26 | Hold | |
02/02/18 | OCBC | Singapore Post | 1.3 | 1.26 | Hold | |
02/05/18 | CIMB | Singapore Post | 1.38 | 1.58 | Add | DCF |
02/05/18 | UOB Kay Hian | Singapore Post | 1.38 | 1.62 | Buy | Sum of parts |
02/05/18 | Kim Eng | Singapore Post | 1.38 | 1.5 | Buy | DCF |
02/05/18 | DBS Vickers | Singapore Post | 1.38 | 1.61 | Buy | DCF |
03/06/18 | DBS Vickers | Singapore Post | 1.33 | 1.61 | Buy | |
03/16/18 | UOB Kay Hian | Singapore Post | 1.37 | 1.6 | Buy | Sum of parts |
04/02/18 | Kim Eng | Singapore Post | 1.37 | 1.5 | Buy | DCF |
04/24/18 | UOB Kay Hian | Singapore Post | 1.31 | 1.6 | Buy | Sum of parts |
05/14/18 | UOB Kay Hian | Singapore Post | 1.36 | 1.59 | Buy | Sum of parts |
05/14/18 | Kim Eng | Singapore Post | 1.36 | 1.5 | Buy | DCF |
05/14/18 | CIMB | Singapore Post | 1.36 | 1.59 | Add | DCF |
05/14/18 | OCBC | Singapore Post | 1.36 | 1.5 | Buy | |
05/15/18 | DBS Vickers | Singapore Post | 1.37 | 1.55 | Buy | DCF |
06/04/18 | UOB Kay Hian | Singapore Post | 1.32 | 1.59 | Buy | |
06/11/18 | CIMB | Singapore Post | 1.36 | 1.59 | Add | |
07/02/18 | Kim Eng | Singapore Post | 1.26 | 1.5 | Buy | DCF |
07/06/18 | DBS Vickers | Singapore Post | 1.27 | 1.55 | Buy | DCF |
07/13/18 | UOB Kay Hian | Singapore Post | 1.3 | 1.59 | Buy | |
08/03/18 | OCBC | Singapore Post | 1.23 | 1.53 | Buy | |
08/06/18 | DBS Vickers | Singapore Post | 1.25 | 1.28 | Hold | DCF |
08/06/18 | UOB Kay Hian | Singapore Post | 1.25 | 1.45 | Hold | Sum of parts, Buy @ $1.23 |
08/06/18 | OCBC | Singapore Post | 1.25 | 1.5 | Buy | |
08/07/18 | CIMB | Singapore Post | 1.23 | 1.27 | Hold | DCF |
11/05/18 | UOB Kay Hian | Singapore Post | 1.03 | 1.04 | Hold | Sum of parts, PER24x FY19, Buy @ $0.90 |
11/05/18 | CIMB | Singapore Post | 1.03 | 1.12 | Hold | DCF, PER20.3x FY20 |
11/05/18 | DBS Vickers | Singapore Post | 1.03 | 1.04 | Hold | DCF |
02/04/19 | UOB Kay Hian | Singapore Post | 0.965 | 1.04 | Hold | Sum of parts |
02/04/19 | CIMB | Singapore Post | 0.965 | 1.03 | Hold | DCF |
02/04/19 | DBS Vickers | Singapore Post | 0.965 | 0.92 | Hold | DCF |
02/04/19 | Lim & Tan | Singapore Post | 0.965 | 0 | Hold | |
02/04/19 | OCBC | Singapore Post | 0.965 | 1.23 | Buy | |
02/08/19 | OCBC | Singapore Post | 0.955 | 1 | Hold | |
02/08/19 | CLSA | Singapore Post | 0.955 | 1.17 | Buy |
Singapore O&G - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/20/18 | phillip | Singapore O&G | 0.385 | 0.42 | Accumulate | PER23.2x |
05/15/18 | phillip | Singapore O&G | 0.38 | 0.42 | Accumulate | PER23.2x |
08/14/18 | phillip | Singapore O&G | 0.36 | 0.42 | Accumulate | PER23.2x |
01/23/19 | phillip | Singapore O&G | 0.34 | 0.42 | Buy | |
02/21/19 | phillip | Singapore O&G | 0.355 | 0 | Cease Coverage |
Stock calls for 27 March 2017
Date | Analyst | Company | Last | Target | Call | Valuation |
03/27/19 | CIMB | Biolidics | 0.27 | 0.32 | Add | EV/Sales 12x |
03/27/19 | DMG & Partners | China Aviation Oil | 1.27 | 1.6 | Buy | DCF, PER10x, PB1.2x, Ev/Ebitda6.5x |
03/27/19 | Lim & Tan | MIT | 0.36 | 0.405 | Buy | Mid-point of $0.4-0.41 |
03/27/19 | Phillip | Netlink | 0.825 | 0.89 | Accumulate | DCF |
Boeing 737-Max may not be able to fly to china for at least 1 year.
https://www.channelnewsasia.com/news/asia/china-not-taking-boeing-737-max-8-airworthiness-certificate-11382038
China won't give certification to Boeing 737-Max now and it may take up to 15 months to get the certification in China.
Therefore, no Boeing 737-Max will be able to fly in and out of China since it doesn't have the airworthiness certification.
China won't give certification to Boeing 737-Max now and it may take up to 15 months to get the certification in China.
Therefore, no Boeing 737-Max will be able to fly in and out of China since it doesn't have the airworthiness certification.
Tuesday, March 26, 2019
Singapore Medical - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/24/18 | DMG & Partners | Singapore Medical | 0.605 | 0.79 | Buy | |
01/26/18 | UOB Kay Hian | Singapore Medical | 0.63 | 0.83 | Buy | PER26.8x FY18, PEG0.3x |
02/06/18 | DMG & Partners | Singapore Medical | 0.58 | 0.79 | Buy | DCF, PER27x FY18 |
03/01/18 | UOB Kay Hian | Singapore Medical | 0.56 | 0.83 | Buy | PER26.8x FY18 |
03/02/18 | DBS Vickers | Singapore Medical | 0.56 | 0.73 | Buy | |
03/02/18 | Kim Eng | Singapore Medical | 0.56 | 0.7 | Buy | PER27x FY18 |
03/02/18 | DMG & Partners | Singapore Medical | 0.56 | 0.68 | Buy | DCF, PER26x FY18 |
03/19/18 | UOB Kay Hian | Singapore Medical | 0.51 | 0.74 | Buy | PER25.8x FY18 |
05/16/18 | UOB Kay Hian | Singapore Medical | 0.505 | 0.74 | Buy | PER26.8x FY18 |
05/16/18 | DMG & Partners | Singapore Medical | 0.505 | 0.68 | Buy | DCF |
05/16/18 | DBS Vickers | Singapore Medical | 0.505 | 0.73 | Buy | PER25x FY19 |
06/06/18 | UOB Kay Hian | Singapore Medical | 0.495 | 0.74 | Buy | |
06/27/18 | DMG & Partners | Singapore Medical | 0.46 | 0.68 | Buy | |
07/31/18 | DMG & Partners | Singapore Medical | 0.425 | 0.56 | Buy | DCF, PER21.5x |
08/15/18 | DMG & Partners | Singapore Medical | 0.43 | 0.56 | Buy | DCF |
08/16/18 | UOB Kay Hian | Singapore Medical | 0.425 | 0.74 | Buy | |
11/07/18 | UOB Kay Hian | Singapore Medical | 0.4 | 0.74 | Buy | PER22.2x FY19 |
11/08/18 | DMG & Partners | Singapore Medical | 0.41 | 0.56 | Buy | DCF |
12/14/18 | DMG & Partners | Singapore Medical | 0.405 | 0.56 | Buy | |
01/02/19 | DMG & Partners | Singapore Medical | 0.4 | 0.56 | Buy | |
02/21/19 | UOB Kay Hian | Singapore Medical | 0.47 | 0.65 | Buy | PER23x FY19 |
02/21/19 | DMG & Partners | Singapore Medical | 0.47 | 0.54 | Buy | DCF |
Sing Holdings - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
04/05/18 | Amfrasers | Sing Holdings | 0.42 | 0.68 | Buy | RNAV (30% discount), PB1x FY17 |
Silverlake - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
04/25/18 | CIMB | Silverlake | 0.53 | 0.58 | Add | DCF |
05/16/18 | DMG & Partners | Silverlake | 0.55 | 0.65 | Buy | DCF, PER21x FY19 |
05/16/18 | CIMB | Silverlake | 0.55 | 0.56 | Add | DCF |
05/24/18 | DBS Vickers | Silverlake | 0.545 | 0.65 | Not Rated | PER22x FY19 |
06/20/18 | DMG & Partners | Silverlake | 0.52 | 0.65 | Buy | DCF, PERf21x FY19 |
07/27/18 | DMG & Partners | Silverlake | 0.515 | 0.65 | Buy | DCF, PER23x FY19 |
08/27/18 | CIMB | Silverlake | 0.455 | 0.56 | Add | DCF |
08/28/18 | DMG & Partners | Silverlake | 0.46 | 0.57 | Buy | DCF |
09/07/18 | DMG & Partners | Silverlake | 0.445 | 0.57 | Buy | |
09/14/18 | CIMB | Silverlake | 0.42 | 0.56 | Add | DCF |
11/14/18 | DMG & Partners | Silverlake | 0.41 | 0.65 | Buy | DCF |
11/14/18 | CIMB | Silverlake | 0.41 | 0.56 | Add | Sum of parts, PER17.6x FY20 |
12/14/18 | DMG & Partners | Silverlake | 0.415 | 0.65 | Buy | |
01/02/19 | DMG & Partners | Silverlake | 0.415 | 0.65 | Buy | DCF |
01/03/19 | DBS Vickers | Silverlake | 0.405 | 0.6 | Buy | PER21x FY19 |
01/07/19 | DBS Vickers | Silverlake | 0.425 | 0.62 | Buy | PER21x FY19 |
02/01/19 | DMG & Partners | Silverlake | 0.485 | 0.65 | Buy | DCF |
02/15/19 | DBS Vickers | Silverlake | 0.515 | 0.62 | Buy | PER21x FY19 |
03/01/19 | CIMB | Silverlake | 0.57 | 0.62 | Add | Sum of parts, PER19x CY20 |
03/13/19 | DMG & Partners | Silverlake | 0.555 | 0.65 | Buy |
Stock calls for 26 March 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
03/26/19 | UOB Kay Hian | CapitaCommercial | 1.92 | 2.16 | Buy | |
03/26/19 | CIMB | Capitaland | 3.44 | 3.56 | Add | |
03/26/19 | CIMB | CDL Hospitality | 1.64 | 1.8 | Add | |
03/26/19 | CIMB | City Developments | 8.87 | 10.66 | Add | |
03/26/19 | UOB Kay Hian | CSE Global | 0.54 | 0.62 | Buy | |
03/26/19 | DMG & Partners | CSE Global | 0.54 | 0.61 | Buy | DCF |
03/26/19 | CIMB | CSE Global | 0.54 | 0.6 | Add | |
03/26/19 | OCBC | DBS | 25.12 | 29.31 | Buy | |
03/26/19 | UOB Kay Hian | Fu Yu | 0.2 | 0.285 | Buy | |
03/26/19 | CIMB | Genting | 1.03 | 1.28 | Add | |
03/26/19 | Amfrasers | Geo Energy | 0.182 | 0.19 | Hold | DCF |
03/26/19 | CIMB | HRnetGroup | 0.765 | 1.03 | Add | |
03/26/19 | CIMB | Keppel Corp | 6.17 | 8.41 | Add | |
03/26/19 | Kim Eng | MM2 Asia | 0.315 | 0.34 | Buy | PEG0.93x |
03/26/19 | UOB Kay Hian | OCBC | 10.99 | 13.85 | Buy | |
03/26/19 | UOB Kay Hian | SATS | 5.06 | 5.6 | Buy | |
03/26/19 | CIMB | Singtel | 2.97 | 3.3 | Add | Sum of parts |
03/26/19 | CIMB | ST Engineering | 3.75 | 4.08 | Add | |
03/26/19 | CIMB | Starhub | 1.51 | 1.65 | Hold | DCF (10% discount) |
03/26/19 | OCBC | UOB | 24.95 | 28.3 | Buy |
Global inflation or deflation? - Part 2
https://sg-stock.blogspot.com/2019/03/global-inflation-or-deflation.html
Our latest analysis is that inflation will rear its head in the 2nd half of 2019.
What caused the sudden change from our previous analysis whereby Asia would face deflation?
https://sg-stock.blogspot.com/2019/03/asian-deflation-is-happening.html
https://sg-stock.blogspot.com/2019/01/deflation-will-start-in-asia-soon.html
Well, our change stemmed from the US political will to depreciate the USD to create inflation which ran counter to our previous deflation analysis.
https://sg-stock.blogspot.com/2019/03/usd-is-likely-to-depreciate-soon-why.html
Furthermore, the pork prices in China will appreciate in the 2nd half of 2019 because of swine disease. This forces China to import pigs in huge numbers which will boost the pork prices as pork is a staple food in China. It also forms part of the CPI calculation.
https://www.porkbusiness.com/article/chinas-pork-imports-double-2019-rabobank-analyst-predicts
As the USD is expected to depreciate and worldwide food prices (including China) are expected to increase, we have decided to change our stance from deflation to inflation in the 2nd half of 2019.
Our latest analysis is that inflation will rear its head in the 2nd half of 2019.
What caused the sudden change from our previous analysis whereby Asia would face deflation?
https://sg-stock.blogspot.com/2019/03/asian-deflation-is-happening.html
https://sg-stock.blogspot.com/2019/01/deflation-will-start-in-asia-soon.html
Well, our change stemmed from the US political will to depreciate the USD to create inflation which ran counter to our previous deflation analysis.
https://sg-stock.blogspot.com/2019/03/usd-is-likely-to-depreciate-soon-why.html
Furthermore, the pork prices in China will appreciate in the 2nd half of 2019 because of swine disease. This forces China to import pigs in huge numbers which will boost the pork prices as pork is a staple food in China. It also forms part of the CPI calculation.
https://www.porkbusiness.com/article/chinas-pork-imports-double-2019-rabobank-analyst-predicts
As the USD is expected to depreciate and worldwide food prices (including China) are expected to increase, we have decided to change our stance from deflation to inflation in the 2nd half of 2019.
China has cut back on Boeing planes after 737-Max saga.
https://finance.yahoo.com/news/airbus-seals-long-awaited-aircraft-163320433.html
China has just ordered a US$35b deal from Airbus which is a blow to Boeing.
It is ridiculous to solve a defective structural design with new anti-stall software. Buying more from Airbus means buying less from Boeing. Nobody will buy from both manufacturers at the same time!
China has just ordered a US$35b deal from Airbus which is a blow to Boeing.
It is ridiculous to solve a defective structural design with new anti-stall software. Buying more from Airbus means buying less from Boeing. Nobody will buy from both manufacturers at the same time!
The market rout is not over yet.
https://www.channelnewsasia.com/news/business/china-refuses-to-concede-on-us-demands-to-ease-curbs-on-tech-11374034
The investors have not factored in the breakdown of the US-China trade talk. Insofar, the investors have been optimistic about the outcome and are buying because of the fear of missing out of the market rally.
If the US demands get too outrageous, China will walk away from the trade deal.
The investors have not factored in the breakdown of the US-China trade talk. Insofar, the investors have been optimistic about the outcome and are buying because of the fear of missing out of the market rally.
If the US demands get too outrageous, China will walk away from the trade deal.
Monday, March 25, 2019
SIIC - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
11/15/18 | DBS Vickers | SIIC | 0.28 | 0.32 | Hold | PER13x |
01/21/19 | DBS Vickers | SIIC | 0.29 | 0.32 | Hold | PER13x FY19 |
SIA Engineering - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/30/18 | UOB Kay Hian | SIA Engineering | 3.26 | 4 | Buy | DCF, PER24.9x FY18 |
02/05/18 | UOB Kay Hian | SIA Engineering | 3.33 | 4 | Buy | DCF |
02/05/18 | phillip | SIA Engineering | 3.33 | 3.51 | Accumulate | DCF |
02/05/18 | Kim Eng | SIA Engineering | 3.33 | 3.5 | Hold | PER21x FY19 |
02/05/18 | CIMB | SIA Engineering | 3.33 | 3.13 | Reduce | DCF |
02/05/18 | Lim & Tan | SIA Engineering | 3.33 | 0 | Hold | |
02/05/18 | OCBC | SIA Engineering | 3.33 | 3.7 | Buy | DCF |
02/05/18 | DBS Vickers | SIA Engineering | 3.33 | 3.86 | Buy | |
03/09/18 | UOB Kay Hian | SIA Engineering | 3.25 | 4 | Buy | |
05/11/18 | UOB Kay Hian | SIA Engineering | 3.31 | 4 | Buy | DCF, PER20.8x FY18 |
05/16/18 | Lim & Tan | SIA Engineering | 3.33 | 0 | Hold | |
05/17/18 | phillip | SIA Engineering | 3.31 | 3.57 | Accumulate | DCF |
05/17/18 | DBS Vickers | SIA Engineering | 3.31 | 3.92 | Buy | Sum of parts |
05/17/18 | UOB Kay Hian | SIA Engineering | 3.31 | 3.8 | Buy | PER19.6x ex-cash |
05/17/18 | OCBC | SIA Engineering | 3.31 | 3.7 | Buy | |
06/11/18 | UOB Kay Hian | SIA Engineering | 3.17 | 3.8 | Buy | |
07/20/18 | phillip | SIA Engineering | 3.19 | 3.56 | Accumulate | DCF, PER22x FY19 |
07/20/18 | DBS Vickers | SIA Engineering | 3.19 | 3.92 | Buy | Sum of parts |
07/23/18 | UOB Kay Hian | SIA Engineering | 3.2 | 3.4 | Hold | DCF, PER21.8x FY19, Buy @ $3-3.1 |
08/01/18 | CIMB | SIA Engineering | 2.98 | 3.31 | Add | DCF |
09/10/18 | UOB Kay Hian | SIA Engineering | 2.93 | 3.4 | Hold | |
11/12/18 | phillip | SIA Engineering | 2.83 | 2.81 | Neutral | DCF, PER20.6x FY19 |
11/12/18 | UOB Kay Hian | SIA Engineering | 2.83 | 2.7 | Hold | DCF, Buy @ $2.40 or PER15x FY19 |
11/12/18 | DBS Vickers | SIA Engineering | 2.83 | 2.94 | Hold | Sum of parts |
11/12/18 | CIMB | SIA Engineering | 2.83 | 3.11 | Add | DCF, PER19.6x CY19 |
11/26/18 | OCBC | SIA Engineering | 2.51 | 2.64 | Hold | DCF |
12/06/18 | Kim Eng | SIA Engineering | 2.49 | 3 | Buy | DCF |
01/07/19 | UOB Kay Hian | SIA Engineering | 2.39 | 2.7 | Buy | DCF |
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 | |
02/12/19 | 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 |
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