Ascendas Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/04/19	Kim Eng	A-Reit	2.93	3.1	Buy
04/30/19	Kim Eng	A-Reit	3.01	3.2	Buy	DDM
04/30/19	OCBC	A-Reit	3.01	2.74	Hold
04/30/19	DMG & Partners	A-Reit	3.01	2.9	Neutral	DDM
05/02/19	Phillip	A-Reit	3	2.88	Neutral	DDM
05/02/19	CIMB	A-Reit	3	2.87	Hold	DDM
05/02/19	DBS Vickers	A-Reit	3	3.2	Buy	DCF
06/19/19	Phillip	A-Reit	2.98	2.88	Neutral
06/25/19	Kim Eng	A-Reit	3.01	3.2	Buy
06/27/19	DBS Vickers	A-Reit	3.05	3.21	Buy
07/03/19	Kim Eng	A-Reit	3.13	3.3	Buy	DDM
07/04/19	DMG & Partners	A-Reit	3.15	2.9	Neutral
07/22/19	Phillip	A-Reit	3.03	2.88	Neutral
07/30/19	DBS Vickers	A-Reit	3.05	3.4	Buy	DCF
07/30/19	OCBC	A-Reit	3.05	2.98	Hold
07/31/19	UOB Kay Hian	A-Reit	3.03	3.01	Hold	Buy @ $2.78
08/02/19	Phillip	A-Reit	3.04	3.31	Accumulate	DDM
09/11/19	UOB Kay Hian	A-Reit	3.14	3.25	Hold	DDM, Buy @ $2.98
09/19/19	Kim Eng	A-Reit	3.11	3.3	Buy
09/24/19	Phillip	A-Reit	3.12	3.31	Accumulate
10/04/19	Lim & Tan	A-Reit	3.08	0	Hold
10/07/19	DBS Vickers	A-Reit	3.08	3.4	Buy
10/10/19	DMG & Partners	A-Reit	3.12	3	Neutral	DDM
10/11/19	CIMB	A-Reit	3.15	3.12	Hold	DDM
10/18/19	Phillip	A-Reit	3.13	3.31	Accumulate
11/04/19	DMG & Partners	A-Reit	3.17	3	Neutral	DDM
11/04/19	OCBC	A-Reit	3.17	3.25	Hold
11/05/19	UOB Kay Hian	A-Reit	3.12	3.28	Hold	Buy @ $2.99
11/11/19	UOB Kay Hian	A-Reit	2.89	3.25	Buy
11/21/19	Kim Eng	A-Reit	2.91	3.35	Buy
11/25/19	Phillip	A-Reit	2.94	3.31	Accumulate
12/03/19	Kim Eng	A-Reit	2.97	3.35	Buy	DDM
12/06/19	Phillip	A-Reit	3.01	3.25	Accumulate
12/06/19	Morgan Stanley	A-Reit	3.01	3.04	Overweight
12/06/19	Macquarie	A-Reit	3.01	2.7	Neutral
12/10/19	DMG & Partners	A-Reit	3.03	3	Neutral
12/19/19	DBS Vickers	A-Reit	2.92	3.4	Buy
01/10/20	DBS Vickers	A-Reit	3.06	3.45	Buy	DCF
02/03/20	UOB Kay Hian	A-Reit	3.15	3.35	Buy	DDM
02/03/20	DMG & Partners	A-Reit	3.15	3.1	Neutral	DDM
02/03/20	CIMB	A-Reit	3.15	3.14	Hold
02/04/20	DBS Vickers	A-Reit	3.13	3.45	Buy
02/07/20	OCBC	A-Reit	3.3	3.59	Buy
03/02/20	DBS Vickers	A-Reit	3.06	3.45	Buy	DCF
03/13/20	Phillip	A-Reit	3.15	3.31	Accumulate

Stock calls for 2 April 2020

Date	Analyst	Company	Last	Target	Call	Valuation
04/02/20	DBS Vickers	AEM	1.64	2.29	Buy
04/02/20	DBS Vickers	Capitamall Trust	1.73	1.75	Hold
04/02/20	Kim Eng	Capitamall Trust	1.73	2.7	Buy
04/02/20	DMG & Partners	Comfortdelgro	1.47	1.54	Neutral	DCF
04/02/20	DBS Vickers	Frasers Centrepoint Trust	2.1	2.05	Hold
04/02/20	DBS Vickers	Frencken	0.565	0.74	Buy
04/02/20	DBS Vickers	Hi-P	0.835	0.85	Hold
04/02/20	DBS Vickers	Lendlease Reit	0.52	0.94	Buy
04/02/20	DBS Vickers	Mapletree Commercial	1.75	1.9	Buy
04/02/20	UOB Kay Hian	SPH	1.78	1.61	Hold	Sum of parts, Buy @ $1.40
04/02/20	DBS Vickers	SPH Reit	0.75	0.7	Fully Valued
04/02/20	Kim Eng	SPH Reit	0.75	0.8	Hold	DDM
04/02/20	CIMB	SPH Reit	0.75	1.12	Add
04/02/20	DBS Vickers	Starhill	0.41	0.45	Hold
04/02/20	DBS Vickers	UMS	0.62	0.77	Buy

The Japanese stock markets have more room to fall. Why? - Part 2

https://sg-stock.blogspot.com/2020/03/the-japanese-stock-markets-have-more.html

We've nailed it again!

The Japanese stock markets will continue to fall because Tokyo infections are rising and this will cause Tokyo to be in lockdown.  When Tokyo is in lockdown, Nikkei225 will fall further.

Let's wait and see!

PS: We are not always right but we are also seldom wrong.

Why you should sell into the market strength now? - Part 2.

Have you cashed out yet as we've predicted?  You would have avoided catching a falling knife if you had heeded our advice.

http://sg-stock.blogspot.com/2020/03/why-you-should-sell-into-market.html

The US infections have breached 200,000 with a death toll exceeding 5,000!

We had stated numerous times on our blog that this was not the time to invest in the stock markets.

The US infections have leaped by 10x in less than 2 weeks from 20K to 200K, just as we've estimated.

http://sg-stock.blogspot.com/2020/03/no-us-monetary-and-fiscal-policy-can_21.html

800Super - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/10/19	Novus	800Super	0.89	0.9	Accept offer	offer $0.90

Yongnam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/19	CIMB	Yongnam	0.183	0.4	Add	PB0.8x FY19
01/07/19	CIMB	Yongnam	0.183	0.41	Add	PB0.8x FY19
03/01/19	CIMB	Yongnam	0.173	0.33	Add	PB0.7x FY19
04/05/19	CIMB	Yongnam	0.186	0.33	Add	PB0.7x FY19
05/17/19	CIMB	Yongnam	0.169	0.33	Add	PB0.7x FY19
08/15/19	CIMB	Yongnam	0.171	0.28	Add

Yoma - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/12/19	DBS Vickers	Yoma	0.345	0.4	Buy
04/11/19	DMG & Partners	Yoma	0.32	0.57	Buy	Sum of parts (20% discount)
06/03/19	DBS Vickers	Yoma	0.33	0.4	Buy	RNAV (60% discount)
11/15/19	DBS Vickers	Yoma	0.375	0.5	Buy	RNAV (45% discount)
12/26/19	DMG & Partners	Yoma	0.335	0.57	Buy
02/17/20	DBS Vickers	Yoma	0.325	0.5	Buy

Stock calls for 1 April 2020

Date	Analyst	Company	Last	Target	Call	Valuation
04/01/20	Jefferies	DBS	18.57	20	Buy
04/01/20	Citibank	DBS	18.57	17.5	Sell
04/01/20	DBS Vickers	Fu Yu	0.198	0.21	Hold
04/01/20	DBS Vickers	OCBC	8.54	8.6	Hold
04/01/20	Jefferies	OCBC	8.54	10	Buy
04/01/20	Citibank	OCBC	8.54	8.85	Sell
04/01/20	CIMB	Singtel	2.54	3.4	Add	Sum of parts
04/01/20	DMG & Partners	Talkmed	0.43	0.53	Buy	DCF
04/01/20	DBS Vickers	UOB	19.45	19	Hold
04/01/20	Jefferies	UOB	19.45	19.5	Hold
04/01/20	Citibank	UOB	19.45	19.3	Sell
04/01/20	UOB Kay Hian	Venture	13.57	15.5	Buy

Red alert: The US economy is going to contract sharply in Q2.

https://sg.finance.yahoo.com/news/majority-of-americans-cut-back-on-spending-because-of-coronavirus-concerns-140044412.html

Since 70% of the US economy is supported by consumer spending, any cutback in local consumption is going to affect the US GDP greatly.

More than half (52%) have started the cutback and more will follow as the infections and death toll rise.

The US death toll has exceed China's.

The US is the real sick man of the west.  The top 3 most infected countries are all western countries.

What's next after covid-19 outbreak? - Part 2

https://www.bnnbloomberg.ca/trump-calls-for-2-trillion-infrastructure-bill-to-create-jobs-1.1415223

Trump has already pumped US$2.2T into the financial market to salvage the economic situation.  He is upping his ante with another US$2T infrastructure bill.  This brings the total stimulus package to US$4.2T.

Trump cannot keep throwing trillions at the covid-19 crisis, hoping to get rid of it with money.  There will be serious repercussions (Hyperinflation) in the US and the world when Trump uses excessive monetary and fiscal policies.

http://sg-stock.blogspot.com/2020/03/whats-next-after-covid-19-outbreak.html

I'm getting worried now!