Date | Analyst | Company | Last | Target | Call | Valuation |
05/07/19 | DMG & Partners | APAC Realty | 0.555 | 0.72 | Buy | |
05/07/19 | DBS Vickers | Breadtalk | 0.835 | 0.92 | Hold | |
05/07/19 | DMG & Partners | CSE Global | 0.475 | 0.61 | Buy | DCF, PER13.7x FY19 |
05/07/19 | Lim & Tan | CSE Global | 0.475 | 0 | Buy | |
05/07/19 | OCBC | DBS | 26.53 | 27.5 | Hold | |
05/07/19 | DMG & Partners | Delfi | 1.3 | 1.68 | Buy | DCF, PER28x FY19 |
05/07/19 | DMG & Partners | EC World Reit | 0.77 | 0.84 | Buy | |
05/07/19 | CIMB | Frasers Property | 1.85 | 2.08 | Add | |
05/07/19 | DMG & Partners | Fu Yu | 0.21 | 0.24 | Buy | DCF |
05/07/19 | DMG & Partners | HRnetGroup | 0.77 | 1.06 | Buy | DCF |
05/07/19 | DBS Vickers | Koufu | 0.77 | 0.8 | Hold | PER17x FY19 |
05/07/19 | UOB Kay Hian | Netlink | 0.825 | 0.92 | Buy | DCF |
05/07/19 | DMG & Partners | Silverlake | 0.61 | 0.65 | Buy | DCF |
05/07/19 | DMG & Partners | Starhill | 0.74 | 0.78 | Buy | DDM |
05/07/19 | Lim & Tan | Sunningdale | 1.35 | 0 | Hold | |
05/07/19 | DMG & Partners | UG Healthcare | 0.18 | 0.32 | Buy | PER10x FY20 |
05/07/19 | OCBC | UOB | 25.85 | 27.3 | Hold |
Tuesday, May 7, 2019
Stock calls for 7 May 2019
Do not subscribe to Luckin coffee ipo! Why?
https://www.businesstimes.com.sg/consumer/gic-backed-luckin-coffee-seeks-to-raise-up-to-us510m-in-us-ipo
I've heard too many news about this coffee startup.
Do you know where does this startup source its coffee beans?
It sources its coffee beans from Taiwan which is not a coffee producing country and the coffee beans are not of good quality. A real coffee company will source its coffee beans from coffee producing countries and not from Taiwan. Why is this company sourcing coffee beans from Taiwan? I leave it to your imagination.
This coffee startup is burning cash like hell, just like the bike sharing business. It has to offer discounts and deals just to sell its coffee. Without these discounts and deals, it cannot sell at all.
The short-sellers will target and publish SELL reports on this coffee startup in the future because it has weak fundamentals and a flawed business concept.
Hopefully, GIC is able to get out of this company soon before it suffers from a great burnout.
I've heard too many news about this coffee startup.
Do you know where does this startup source its coffee beans?
It sources its coffee beans from Taiwan which is not a coffee producing country and the coffee beans are not of good quality. A real coffee company will source its coffee beans from coffee producing countries and not from Taiwan. Why is this company sourcing coffee beans from Taiwan? I leave it to your imagination.
This coffee startup is burning cash like hell, just like the bike sharing business. It has to offer discounts and deals just to sell its coffee. Without these discounts and deals, it cannot sell at all.
The short-sellers will target and publish SELL reports on this coffee startup in the future because it has weak fundamentals and a flawed business concept.
Hopefully, GIC is able to get out of this company soon before it suffers from a great burnout.
How the China RRR cut will impact its economy?
https://finance.yahoo.com/news/china-steers-credit-small-firms-034303771.html
The China RRR cut will release RMB$280b into the economy.
Let me offer a simple explanation of RRR.
The RRR is imposed on banks by the central bank to prevent liquidity and bankruptcy issues such as bank run.
When a bank takes a deposit of $100, it is a debt owed to the bank customer and the bank will pay the bank customer a deposit interest. The bank will use the debt (deposit) for bank lending to earn a higher loan interest so that the bank can cover the deposit interest and earn a profit. However, the central bank will not allow the bank to make a full loan of the deposit ($100) because it will create a liquidity risk. Therefore, the central bank imposes a required reserve ratio (RRR) on the bank and limits the bank lending on its deposit.
For example:
If the RRR is 20%, the bank can only make a loan of $80 out of every $100 deposit.
If the bank pays a $2 interest on every $100 deposit, its cost of debt (deposit) is 2%.
When the RRR is 20% and the bank still pays a $2 interest, its cost of debt is 2.5% (2/80). Therefore, the cost of debt for the bank increases with higher RRR.
When the RRR is lowered, the cost of debt is lowered too and the bank can earn a profit more easily with lower loan interest.
In conclusion, a lower RRR is meant to boost monetary supply and local consumption in the economy. In other words, this is a QE policy.
The China RRR cut will release RMB$280b into the economy.
Let me offer a simple explanation of RRR.
The RRR is imposed on banks by the central bank to prevent liquidity and bankruptcy issues such as bank run.
When a bank takes a deposit of $100, it is a debt owed to the bank customer and the bank will pay the bank customer a deposit interest. The bank will use the debt (deposit) for bank lending to earn a higher loan interest so that the bank can cover the deposit interest and earn a profit. However, the central bank will not allow the bank to make a full loan of the deposit ($100) because it will create a liquidity risk. Therefore, the central bank imposes a required reserve ratio (RRR) on the bank and limits the bank lending on its deposit.
For example:
If the RRR is 20%, the bank can only make a loan of $80 out of every $100 deposit.
If the bank pays a $2 interest on every $100 deposit, its cost of debt (deposit) is 2%.
When the RRR is 20% and the bank still pays a $2 interest, its cost of debt is 2.5% (2/80). Therefore, the cost of debt for the bank increases with higher RRR.
When the RRR is lowered, the cost of debt is lowered too and the bank can earn a profit more easily with lower loan interest.
In conclusion, a lower RRR is meant to boost monetary supply and local consumption in the economy. In other words, this is a QE policy.
Monday, May 6, 2019
France has done the right thing for its pedestrians.
https://sg.finance.yahoo.com/news/france-ban-e-scooters-pavements-september-090821006.html
Well done! France is doing the right thing.
E-scooters put pedestrians in danger on the pavements.
They ride recklessly at high speeds and don't give way to pedestrians on the pavements. They are a nuisance as they expect pedestrians to give way to them by honking.
Well done! France is doing the right thing.
E-scooters put pedestrians in danger on the pavements.
They ride recklessly at high speeds and don't give way to pedestrians on the pavements. They are a nuisance as they expect pedestrians to give way to them by honking.
DISA - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/19/19 | Amfrasers | DISA | 0.003 | 0 | Cease Coverage |
Delfi - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/19 | DMG & Partners | Delfi | 1.32 | 1.59 | Buy | |
03/01/19 | DMG & Partners | Delfi | 1.45 | 1.68 | Buy | DCF, PER28x FY19 |
04/05/19 | DMG & Partners | Delfi | 1.3 | 1.68 | Buy |
DBS - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/19 | DMG & Partners | DBS | 23.69 | 29.8 | Buy | GGM, PB1.54x FY19 |
01/03/19 | CIMB | DBS | 23.49 | 27 | Hold | PER10.7x FY20 |
01/03/19 | JP Morgan | DBS | 23.49 | 29 | Overweight | |
01/08/19 | UOB Kay Hian | DBS | 23.75 | 28.5 | Buy | |
01/08/19 | Jefferies | DBS | 23.75 | 28.5 | Buy | |
01/29/19 | CIMB | DBS | 24.22 | 29 | Add | GGM, PB1.4x CY19 |
01/31/19 | Kim Eng | DBS | 23.94 | 30.18 | Buy | DDM |
02/01/19 | phillip | DBS | 23.92 | 29.02 | Buy | |
02/08/19 | UOB Kay Hian | DBS | 24.33 | 28.5 | Buy | |
02/12/19 | Kim Eng | DBS | 24.36 | 30.18 | Buy | |
02/18/19 | DMG & Partners | DBS | 24.74 | 29.8 | Buy | |
02/18/19 | Lim & Tan | DBS | 24.74 | 0 | Buy | |
02/19/19 | Jefferies | DBS | 25.2 | 28.5 | Buy | |
02/19/19 | OCBC | DBS | 25.2 | 29.31 | Buy | |
02/19/19 | DMG & Partners | DBS | 25.2 | 28.8 | Buy | GGM, PB1.5x FY19 |
02/19/19 | phillip | DBS | 25.2 | 29 | Buy | GGM, PB1.5x FY19 |
02/19/19 | Kim Eng | DBS | 25.2 | 29.56 | Buy | DDM |
02/19/19 | CIMB | DBS | 25.2 | 29 | Add | GGM |
02/19/19 | UOB Kay Hian | DBS | 25.2 | 28.4 | Buy | |
02/20/19 | Macquarie | DBS | 25.1 | 27 | Neutral | PB |
02/26/19 | Amfrasers | DBS | 25.18 | 27.7 | Buy | RIM |
03/04/19 | phillip | DBS | 25.08 | 29 | Buy | |
03/07/19 | Kim Eng | DBS | 25.36 | 29.56 | Buy | |
03/11/19 | CIMB | DBS | 25.06 | 29 | Add | |
03/13/19 | DMG & Partners | DBS | 25.3 | 28.8 | Buy | GGM, PB1.5x FY19 |
03/26/19 | OCBC | DBS | 25.12 | 29.31 | Buy | |
04/01/19 | UOB Kay Hian | DBS | 25.23 | 28.4 | Buy | |
04/02/19 | phillip | DBS | 25.59 | 29 | Buy | |
04/10/19 | DMG & Partners | DBS | 27 | 29.6 | Buy | PB1.43x FY20 |
04/11/19 | CIMB | DBS | 26.97 | 29 | Add | |
04/22/19 | UOB Kay Hian | DBS | 27.4 | 30.3 | Buy | GGM, PB1.57x FY19 |
04/22/19 | Kim Eng | DBS | 27.4 | 29.56 | Buy | |
04/29/19 | Lim & Tan | DBS | 27.41 | 0 | Buy | |
04/30/19 | Macquarie | DBS | 28.4 | 27 | Neutral | |
04/30/19 | phillip | DBS | 28.4 | 29 | Accumulate | GGM, PB1.5x FY19 |
04/30/19 | OCBC | DBS | 28.4 | 29.18 | Hold | Buy @ $27.50 or lower |
04/30/19 | CIMB | DBS | 28.4 | 30 | Add | GGM, PB1.54x |
04/30/19 | DMG & Partners | DBS | 28.4 | 30.8 | Buy | PB1.5x FY20 |
04/30/19 | Lim & Tan | DBS | 28.4 | 30 | Hold | |
05/02/19 | Amfrasers | DBS | 28.25 | 27.7 | Hold | |
05/02/19 | Jefferies | DBS | 28.25 | 31.5 | Buy | PER13.1x FY20 |
Stock calls for 6 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/06/19 | Phillip | ART | 1.21 | 1.36 | Buy | DDM |
05/06/19 | Kim Eng | First Resources | 1.82 | 2.03 | Buy | PER17x FY19 |
05/06/19 | DBS Vickers | Frasers Property | 1.89 | 2.3 | Buy | |
05/06/19 | DBS Vickers | Hi-P | 1.44 | 1.41 | Hold | PER12x FY19 |
05/06/19 | Kim Eng | Hi-P | 1.44 | 1.22 | Sell | PB1.5x FY19 |
05/06/19 | Tayrona | Sanli Env | 0.18 | 0.234 | Overweight | |
05/06/19 | phillip | Sembcorp Marine | 1.67 | 1.76 | Neutral | PB1.6x |
05/06/19 | OCBC | Sembcorp Marine | 1.67 | 1.77 | Hold | |
05/06/19 | Amfrasers | Sembcorp Marine | 1.67 | 2.48 | Buy | |
05/06/19 | DBS Vickers | Sembcorp Marine | 1.67 | 2.4 | Buy | PB2.1x FY19 |
05/06/19 | Phillip | Starhub | 1.58 | 1.62 | Neutral | |
05/06/19 | UOB Kay Hian | Starhub | 1.58 | 1.45 | Sell | DCF |
05/06/19 | CIMB | Starhub | 1.58 | 1.65 | Hold | DCF (10% discount) |
05/06/19 | DMG & Partners | Starhub | 1.58 | 1.72 | Neutral | DCF |
05/06/19 | OCBC | Starhub | 1.58 | 1.64 | Hold | |
05/06/19 | Kim Eng | Starhub | 1.58 | 2 | buy | DCF |
05/06/19 | Jefferies | UOB | 27.77 | 31 | Buy | PER12.4x FY19 |
05/06/19 | OCBC | UOB | 27.77 | 28.9 | Hold | GGM, PB1.2x |
05/06/19 | phillip | UOB | 27.77 | 30.87 | Accumulate | GGM, PB1.4x FY19 |
05/06/19 | CIMB | UOB | 27.77 | 29.58 | Add | GGM, PB1.3x |
05/06/19 | Lim & Tan | UOB | 27.77 | 0 | Buy on weakness |
China VP Liu has changed his US travel plan.
https://www.businesstimes.com.sg/government-economy/china-vice-premier-liu-will-still-travel-to-us-this-week-but-will-shorten-trip
As Trump threatened to impose additional China tariffs on Friday (10 May), China VP Liu had decided to defer his US travel plan to Thursday (9 May) and would reach the US on Friday (10 May). He wanted to see if the US would impose the threat against China. Then, he would leave the US on Saturday.
Basically, there is nothing much VP Liu can discuss with the US as the time is too short to produce any productive outcome. This is a wasted trip unless Trump is willing to change his unreasonable threat.
As Trump threatened to impose additional China tariffs on Friday (10 May), China VP Liu had decided to defer his US travel plan to Thursday (9 May) and would reach the US on Friday (10 May). He wanted to see if the US would impose the threat against China. Then, he would leave the US on Saturday.
Basically, there is nothing much VP Liu can discuss with the US as the time is too short to produce any productive outcome. This is a wasted trip unless Trump is willing to change his unreasonable threat.
China is preparing a trade war with the US now.
https://sg.finance.yahoo.com/news/china-central-bank-cut-requirements-banks-trade-tensions-034114168--sector.html
The China RRR cut deserves some attention because it is imposed after Trump's threat on Sunday.
The Chinese are preparing for a trade war with the US because China is trying to stimulate its local consumption with the RRR cut since it is a consuming nation now.
What's worrying to the global world is that the Chinese are consuming more local made products and reducing their imports in this trade war. This will cause a global recession and many export-oriented countries like SK, Japan, SG, etc will suffer tremendously.
The China RRR cut deserves some attention because it is imposed after Trump's threat on Sunday.
The Chinese are preparing for a trade war with the US because China is trying to stimulate its local consumption with the RRR cut since it is a consuming nation now.
What's worrying to the global world is that the Chinese are consuming more local made products and reducing their imports in this trade war. This will cause a global recession and many export-oriented countries like SK, Japan, SG, etc will suffer tremendously.
The US has issued a warning to anti-Israel countries such as Malaysia.
https://sg.news.yahoo.com/u-may-review-ties-countries-deemed-anti-israel-142945853.html
The US has issued a warning in public to anti-Israel countries like Malaysia.
Malaysia is one of the anti-Israel countries.
https://www.channelnewsasia.com/news/sport/paralympics-malaysia-stripped-of-right-to-host-world-11172762
This will force Malaysia to kowtow to China because Malaysia is helpless against the US. Malaysia has to find a big country to join forces to fight off the US.
The US has issued a warning in public to anti-Israel countries like Malaysia.
Malaysia is one of the anti-Israel countries.
https://www.channelnewsasia.com/news/sport/paralympics-malaysia-stripped-of-right-to-host-world-11172762
This will force Malaysia to kowtow to China because Malaysia is helpless against the US. Malaysia has to find a big country to join forces to fight off the US.
The US is playing a stupid political game with Iran.
https://sg.news.yahoo.com/u-deploying-carrier-bombers-middle-east-warning-iran-010502968.html
The US can send a carrier strike group to Iran but the Russian also can send its naval warships to Iran too. The US dares not attack the Russian warships as this will escalate into a WW3 since both countries have large arsenals of nuclear weapons. China also may get involved as it is a major customer of Iran.
The US can send a carrier strike group to Iran but the Russian also can send its naval warships to Iran too. The US dares not attack the Russian warships as this will escalate into a WW3 since both countries have large arsenals of nuclear weapons. China also may get involved as it is a major customer of Iran.
Trump threatens China with more tariffs again.
https://sg.news.yahoo.com/trump-vows-tariff-hike-chinese-goods-escalating-tension-004818460.html
China should just walk away from the trade talk because the US economy would just collapse if Trump imposed more tariffs. The trade war devastation is starting to creep up in the US economic data and the US government is trying to fudge the economic numbers now.
http://sg-stock.blogspot.com/2019/05/discrepancies-in-us-employment-data.html
We've found discrepancies in the US manufacturing employment datum because it is not in sync with the PMI employment sub-index. The PMI employment sub-index fell but the manufacturing employment datum rose.
China should just walk away from the trade talk because the US economy would just collapse if Trump imposed more tariffs. The trade war devastation is starting to creep up in the US economic data and the US government is trying to fudge the economic numbers now.
http://sg-stock.blogspot.com/2019/05/discrepancies-in-us-employment-data.html
We've found discrepancies in the US manufacturing employment datum because it is not in sync with the PMI employment sub-index. The PMI employment sub-index fell but the manufacturing employment datum rose.
Saturday, May 4, 2019
Discrepancies in the US employment data.
https://www.channelnewsasia.com/news/business/us-job-growth-surges--unemployment-rate-drops-to-3-6-percent-11499716
US job growth surged in April and the unemployment rate dropped.
However, the ISM Manufacturing PMI data in April showed otherwise.
http://sg-stock.blogspot.com/2019/05/us-ism-manufacturing-pmi-fell-in-april.html
The employment sub-index under the April PMI showed it dropped from 57.5% to 52.4%, an almost 10% drop. A drop of such magnitude is serious!
This could only mean that the manufacturing industry was shedding workers but workers were increasing in other sectors. Right? No!
The US employment data showed that the manufacturing sector increased by 4,000 jobs in April and contradicted the April PMI data. A 4,000 job increase couldn't cause the employment sub-index under PMI to drop by 10%.
Something fishy is going here. Like I said before, the demon was hiding in the details.
US job growth surged in April and the unemployment rate dropped.
However, the ISM Manufacturing PMI data in April showed otherwise.
http://sg-stock.blogspot.com/2019/05/us-ism-manufacturing-pmi-fell-in-april.html
The employment sub-index under the April PMI showed it dropped from 57.5% to 52.4%, an almost 10% drop. A drop of such magnitude is serious!
This could only mean that the manufacturing industry was shedding workers but workers were increasing in other sectors. Right? No!
The US employment data showed that the manufacturing sector increased by 4,000 jobs in April and contradicted the April PMI data. A 4,000 job increase couldn't cause the employment sub-index under PMI to drop by 10%.
Something fishy is going here. Like I said before, the demon was hiding in the details.
Baltic dry index - 1032
Today, Thursday, May 02 2019, the Baltic Dry Index climbed by 1 point, reaching 1032 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.
Friday, May 3, 2019
Dasin Retail - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/15/19 | phillip | Dasin Retail | 0.885 | 0.95 | Accumulate | DDM |
02/28/19 | phillip | Dasin Retail | 0.885 | 0.94 | Accumulate | DDM, PB0.64x |
Dairy Farm - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/04/19 | DMG & Partners | Dairy Farm | 8.57 | 8.64 | Neutral | DCF |
03/04/19 | DBS Vickers | Dairy Farm | 8.57 | 8.44 | Hold | Sum of parts |
03/06/19 | CIMB | Dairy Farm | 8.33 | 8.54 | Hold | PER23.5x FY20 |
03/20/19 | DMG & Partners | Dairy Farm | 7.41 | 8.25 | Buy | DCF |
04/05/19 | DMG & Partners | Dairy Farm | 8.14 | 8.25 | Buy |
CSE Global - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/19 | UOB Kay Hian | CSE Global | 0.385 | 0.59 | Buy | |
01/07/19 | DMG & Partners | CSE Global | 0.395 | 0.59 | Buy | DCF |
01/11/19 | Lim & Tan | CSE Global | 0.395 | 0 | Buy | |
01/15/19 | CIMB | CSE Global | 0.405 | 0.56 | Add | PER13.5x FY20 |
01/22/19 | Amfrasers | CSE Global | 0.43 | 0.57 | Buy | |
02/08/19 | UOB Kay Hian | CSE Global | 0.455 | 0.59 | Buy | |
02/22/19 | DMG & Partners | CSE Global | 0.465 | 0.6 | Buy | DCF |
02/22/19 | CIMB | CSE Global | 0.465 | 0.6 | Add | PER13.5x FY19 |
02/22/19 | UOB Kay Hian | CSE Global | 0.465 | 0.62 | Buy | |
03/05/19 | Amfrasers | CSE Global | 0.505 | 0.58 | Buy | |
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 | |
04/02/19 | Lim & Tan | CSE Global | 0.545 | 0 | Buy |
Stock calls for 3 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/03/19 | DBS Vickers | ART | 1.2 | 1.35 | Buy | DCF |
05/03/19 | OCBC | Capitaland | 3.54 | 4.04 | Buy | |
05/03/19 | CIMB | Capitaland | 3.54 | 3.56 | Add | |
05/03/19 | CIMB | CDL Hospitality | 1.61 | 1.85 | Add | DDM |
05/03/19 | DMG & Partners | China Aviation Oil | 1.36 | 1.6 | Buy | |
05/03/19 | phillip | China Sunsine | 1.17 | 1.43 | Buy | FCFE |
05/03/19 | Jefferies | City Developments | 9 | 12 | Buy | PB0.84x |
05/03/19 | Kim Eng | Frasers Hospitality Trust | 0.745 | 0.85 | Buy | |
05/03/19 | DBS Vickers | Frasers Hospitality Trust | 0.745 | 0.77 | Hold | DCF |
05/03/19 | UOB Kay Hian | Japfa | 0.605 | 0.73 | Buy | Sum of parts |
05/03/19 | DBS Vickers | Japfa | 0.605 | 0.61 | Hold | Sum of parts (10% discount), PER14x FY19 |
05/03/19 | phillip | OCBC | 12.04 | 13.7 | Buy | |
05/03/19 | CIMB | OUE Hospitality | 0.72 | 0.85 | Add | |
05/03/19 | CIMB | Sembcorp Marine | 1.69 | 2.21 | Add | |
05/03/19 | phillip | UOB | 27.75 | 32.5 | Buy | |
05/03/19 | DMG & Partners | UOB | 27.75 | 30.8 | Buy | |
05/03/19 | DBS Vickers | UOB | 27.75 | 29.2 | Buy | |
05/03/19 | CIMB | UOB | 27.75 | 29 | Add | GGM |
05/03/19 | UOB Kay Hian | Venture | 17.4 | 19.01 | Hold | Buy @ $17 |
Thursday, May 2, 2019
New York Rhodium Group clears China for debt trap diplomacy.
https://www.smh.com.au/world/asia/data-doesn-t-support-belt-and-road-debt-trap-claims-20190502-p51jhx.html?ref=rss&utm_medium=rss&utm_source=rss_feed
The New York Rhodium group has vindicated China for using debt trap diplomacy because of the data that doesn't support the US proclamation.
This group has proven that the US is just doing fearmongering for its own political benefits.
The Australia National University senior lecturer also said that the debt trap diplomacy claim was never credible.
The US is a real trouble maker in this world!
The New York Rhodium group has vindicated China for using debt trap diplomacy because of the data that doesn't support the US proclamation.
This group has proven that the US is just doing fearmongering for its own political benefits.
The Australia National University senior lecturer also said that the debt trap diplomacy claim was never credible.
The US is a real trouble maker in this world!
Cromwell Reit (EUR) - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/15/19 | DBS Vickers | Cromwell Reit (EUR) | 0.49 | 0.59 | Buy | DCF |
Comfortdelgro - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/25/19 | DBS Vickers | Comfortdelgro | 2.24 | 2.56 | Buy | |
02/01/19 | CIMB | Comfortdelgro | 2.33 | 2.74 | Add | DCF |
02/08/19 | UOB Kay Hian | Comfortdelgro | 2.36 | 2.59 | Buy | PER16.8x FY19 |
02/08/19 | DBS Vickers | Comfortdelgro | 2.36 | 2.56 | Buy | |
02/14/19 | phillip | Comfortdelgro | 2.38 | 2.72 | Accumulate | DCF, PER18.5x FY19 |
02/14/19 | UOB Kay Hian | Comfortdelgro | 2.38 | 2.66 | Buy | PER16.8x FY19 |
02/14/19 | OCBC | Comfortdelgro | 2.38 | 2.38 | Hold | |
02/14/19 | DMG & Partners | Comfortdelgro | 2.38 | 2.65 | Buy | |
02/14/19 | DBS Vickers | Comfortdelgro | 2.38 | 2.57 | Buy | DCF & PER16x FY19 |
02/19/19 | Amfrasers | Comfortdelgro | 2.41 | 2.77 | Buy | PER19x FY19 |
03/04/19 | Kim Eng | Comfortdelgro | 2.43 | 2.45 | Hold | DCF |
03/08/19 | CIMB | Comfortdelgro | 2.41 | 2.74 | Add | DCF |
03/22/19 | UOB Kay Hian | Comfortdelgro | 2.54 | 2.77 | Buy | PER17.5x FY20 |
04/03/19 | DMG & Partners | Comfortdelgro | 2.59 | 2.65 | Take Profit | Buy below $2.50 |
04/16/19 | OCBC | Comfortdelgro | 2.63 | 2.63 | Hold | DCF |
04/30/19 | CIMB | Comfortdelgro | 2.69 | 2.88 | Add | DCF, PER18.1x FY20 |
CNMC - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/01/19 | phillip | CNMC | 0.225 | 0.31 | Buy | DCF |
03/12/19 | Tayrona | CNMC | 0.21 | 0.31 | Overweight |
Stock calls for 2 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/02/19 | Phillip | A-Reit | 3 | 2.88 | Neutral | |
05/02/19 | CIMB | A-Reit | 3 | 2.87 | Hold | DDM |
05/02/19 | DBS Vickers | A-Reit | 3 | 3.2 | Buy | DCF |
05/02/19 | OCBC | ART | 1.2 | 1.25 | Hold | |
05/02/19 | UOB Kay Hian | ART | 1.2 | 1.46 | Buy | |
05/02/19 | Phillip | Capitaland | 3.53 | 4 | Accumulate | RNAV (20% discount) |
05/02/19 | Lim & Tan | Capitaland | 3.53 | 0 | Hold | |
05/02/19 | DMG & Partners | CDL Hospitality | 1.6 | 1.77 | Buy | DDM |
05/02/19 | Kim Eng | CDL Hospitality | 1.6 | 1.8 | Buy | |
05/02/19 | OCBC | CDL Hospitality | 1.6 | 1.54 | Hold | |
05/02/19 | DBS Vickers | CDL Hospitality | 1.6 | 1.85 | Buy | |
05/02/19 | phillip | China Aviation Oil | 1.37 | 1.67 | Buy | PER11.5x FY20 |
05/02/19 | Amfrasers | DBS | 28.25 | 27.7 | Hold | |
05/02/19 | Jefferies | DBS | 28.25 | 31.5 | Buy | PER13.1x FY20 |
05/02/19 | CIMB | Frasers Logistics | 1.18 | 1.21 | Hold | DDM |
05/02/19 | DBS Vickers | Indofood Agri | 0.28 | 0.19 | Accept offer | offer price $0.28 |
05/02/19 | DBS Vickers | Jardine C&C | 35.52 | 39.1 | Buy | Sum of parts (16% discount) |
05/02/19 | Amfrasers | Keppel DC Reit | 1.51 | 1.62 | Buy | |
05/02/19 | DMG & Partners | Manulife US Reit | 0.87 | 0.96 | Buy | DDM |
05/02/19 | UOB Kay Hian | Mapletree Logistics | 1.48 | 1.39 | Hold | Buy @ $1.26 |
05/02/19 | OCBC | Mapletree North Asia | 1.36 | 1.4 | Hold | |
05/02/19 | DBS Vickers | Mapletree North Asia | 1.36 | 1.6 | Buy | DCF |
05/02/19 | Phillip | Micro-Mechanics | 1.63 | 1.63 | Neutral | PER15x FY20 |
05/02/19 | DMG & Partners | Moya Asia | 0.081 | 0.095 | Buy | |
05/02/19 | DBS Vickers | Oxley | 0.325 | 0.68 | Buy | |
05/02/19 | UOB Kay Hian | Parkway Life | 2.89 | 3.25 | Buy | |
05/02/19 | phillip | Raffles Medical | 1.08 | 1.09 | Neutral | DCF |
05/02/19 | DBS Vickers | Raffles Medical | 1.08 | 1.12 | Hold | Sum of parts |
05/02/19 | phillip | Sheng Siong | 1.03 | 1.3 | Buy | PER25x |
05/02/19 | UOB Kay Hian | Tianjin Zhongxin | 0.985 | 1.7 | Buy | |
05/02/19 | Lim & Tan | Venture | 16.97 | 0 | Buy on weakness | |
05/02/19 | UOB Kay Hian | Wilmar | 3.64 | 3.9 | Buy | |
05/02/19 | CIMB | Yangzijiang | 1.57 | 1.61 | Hold | Sum of parts |
05/02/19 | OCBC | Yangzijiang | 1.57 | 1.45 | Hold | Sum of parts |
05/02/19 | DBS Vickers | Yangzijiang | 1.57 | 1.82 | Buy | Sum of parts |
China has blocked Canadian porks.
https://sg.finance.yahoo.com/news/exclusive-canada-farm-minister-informed-beijing-blocked-two-231058707--finance.html
This Canadian pork blockage is not surprising as China will be importing more US porks under the China-US trade deal.
http://sg-stock.blogspot.com/2019/04/canada-is-just-plain-stupid.html
This Canadian pork blockage is not surprising as China will be importing more US porks under the China-US trade deal.
http://sg-stock.blogspot.com/2019/04/canada-is-just-plain-stupid.html
The US FED has stayed put but something is amiss.
https://finance.yahoo.com/news/fed-leaves-interest-rates-unchanged-181509741.html
The US FED has left the interest rates unchanged but something is amiss because the ioer (2.35% now) is being lowered and the effr is still rising (2.45% now).
http://sg-stock.blogspot.com/2019/04/will-us-fed-cut-interest-rate-in-may.html
The premium difference between the effr and ioer is showing that the monetary tightening has worsened as the money supply is still shrinking. In other words, the US Fed is still continuing its quantitative tapering discreetly.
The US FED has left the interest rates unchanged but something is amiss because the ioer (2.35% now) is being lowered and the effr is still rising (2.45% now).
http://sg-stock.blogspot.com/2019/04/will-us-fed-cut-interest-rate-in-may.html
The premium difference between the effr and ioer is showing that the monetary tightening has worsened as the money supply is still shrinking. In other words, the US Fed is still continuing its quantitative tapering discreetly.
US ISM Manufacturing PMI fell in April.
The ISM Manufacturing PMI in the US fell to 52.8 in April 2019 from 55.3 in March, below market expectations of 55. The latest reading pointed to the weakest growth in factory activity since October 2016, amid slower increases in new orders, production and employment.
A slowdown was seen in new orders (51.7 from 57.4 in March), production (52.3 from 55.8) and employment (52.4 from 57.5). Also, new export orders fell into contraction territory (49.5 from 51.7) and prices eased (50 from 54.3). Meanwhile, inventories (52.9 from 51.8), backlogs of orders (53.9 from 50.4), and supplier deliveries (54.6 from 54.2) rose at a faster pace.
The weak US April PMI will cause the next GDP number to weaken since the PMI is a leading indicator.
In our previous analysis above, we had expected the employment sub-index to fall and the April PMI vindicated our view.
The weak PMI will force the US to strike a China-US trade deal as soon as possible or else the US economy will deteriorate quickly.
Wednesday, May 1, 2019
Omg! Trump wants the Fed to cut the rate by 1%.
https://finance.yahoo.com/news/trump-quantitative-tightening-fed-fomc-balance-sheet-tweet-222837013.html
This is ridiculous unless the US economy is in the danger of collapsing. Is Trump privy to some economic information that is unavailable to the public and it is telling him that the US economy is collapsing? or the US has been fudging its economic data?
We still believe that the US Fed will not cut the rate on 1 May 2019.
http://sg-stock.blogspot.com/2019/04/will-us-fed-cut-interest-rate-in-may.html
This is ridiculous unless the US economy is in the danger of collapsing. Is Trump privy to some economic information that is unavailable to the public and it is telling him that the US economy is collapsing? or the US has been fudging its economic data?
We still believe that the US Fed will not cut the rate on 1 May 2019.
http://sg-stock.blogspot.com/2019/04/will-us-fed-cut-interest-rate-in-may.html
Tuesday, April 30, 2019
Clearbridge - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
04/01/19 | phillip | Clearbridge | 0.142 | 0.28 | Buy | DCF |
City Developments - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/19 | Lim & Tan | City Developments | 7.94 | 0 | Buy | |
01/17/19 | CIMB | City Developments | 8.85 | 10.65 | Add | RNAV (35% discount) |
02/11/19 | Jefferies | City Developments | 9.16 | 12 | Buy | |
02/22/19 | phillip | City Developments | 9.54 | 11.82 | Accumulate | RNAV (30% discount) |
02/22/19 | OCBC | City Developments | 9.54 | 10.68 | Buy | |
02/22/19 | DMG & Partners | City Developments | 9.54 | 9.2 | Neutral | RNAV (40% discount) |
02/22/19 | DBS Vickers | City Developments | 9.54 | 9.5 | Hold | RNAV (40% discount) |
02/22/19 | CIMB | City Developments | 9.54 | 10.66 | Add | |
03/21/19 | Lim & Tan | City Developments | 9.02 | 0 | Buy | |
03/26/19 | CIMB | City Developments | 8.87 | 10.66 | Add | |
04/04/19 | DMG & Partners | City Developments | 9.31 | 9.2 | Neutral | |
04/17/19 | OCBC | City Developments | 9.32 | 10.68 | Buy |
Chip Eng Seng - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/17/19 | DBS Vickers | Chip Eng Seng | 0.705 | 0.75 | Hold |
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