Date | Analyst | Company | Last | Target | Call | Valuation |
08/15/19 | Lim & Tan | CSE Global | 0.435 | 0 | Buy | |
08/16/19 | DMG & Partners | CSE Global | 0.44 | 0.61 | Buy | DCF |
08/16/19 | UOB Kay Hian | CSE Global | 0.44 | 0.62 | Buy | |
08/29/19 | CIMB | CSE Global | 0.425 | 0.6 | Add | PER13.5x FY20 |
09/03/19 | Lim & Tan | CSE Global | 0.44 | 0 | Buy | |
09/04/19 | UOB Kay Hian | CSE Global | 0.455 | 0.65 | Buy | PER15x FY19 |
09/04/19 | DMG & Partners | CSE Global | 0.455 | 0.69 | Buy | DCF, PER11.9x FY20 |
09/06/19 | DBS Vickers | CSE Global | 0.47 | 0.65 | Buy | PER12x FY20 |
09/09/19 | CIMB | CSE Global | 0.465 | 0.68 | Add | |
09/10/19 | Amfrasers | CSE Global | 0.46 | 0.64 | Outperform | Sum of parts, PER12x, PB2x |
10/02/19 | DMG & Partners | CSE Global | 0.46 | 0.69 | Buy | |
10/11/19 | UOB Kay Hian | CSE Global | 0.465 | 0.65 | Buy | |
10/31/19 | CIMB | CSE Global | 0.525 | 0.68 | Buy | |
11/01/19 | DMG & Partners | CSE Global | 0.525 | 0.69 | Buy | DCF |
11/07/19 | Lim & Tan | CSE Global | 0.54 | 0 | Buy | |
11/08/19 | UOB Kay Hian | CSE Global | 0.53 | 0.7 | Buy | |
11/08/19 | Amfrasers | CSE Global | 0.53 | 0.61 | Outperform | Sum of parts |
11/08/19 | DBS Vickers | CSE Global | 0.53 | 0.69 | Buy | PER12x FY20 |
11/25/19 | CIMB | CSE Global | 0.54 | 0.73 | Add | |
12/02/19 | Amfrasers | CSE Global | 0.525 | 0.61 | Outperform | Sum of parts |
12/09/19 | Lim & Tan | CSE Global | 0.525 | 0 | Buy | |
12/10/19 | DMG & Partners | CSE Global | 0.535 | 0.69 | buy | |
12/27/19 | CIMB | CSE Global | 0.545 | 0.73 | Add | |
01/08/20 | UOB Kay Hian | CSE Global | 0.56 | 0.7 | Buy | |
01/08/20 | DMG & Partners | CSE Global | 0.56 | 0.69 | Buy | |
02/05/20 | Lim & Tan | CSE Global | 0.51 | 0.68 | Buy | |
02/11/20 | DMG & Partners | CSE Global | 0.53 | 0.69 | Buy | DCF |
02/28/20 | DMG & Partners | CSE Global | 0.545 | 0.73 | Buy | DCF |
02/28/20 | UOB Kay Hian | CSE Global | 0.545 | 0.72 | Buy | |
02/28/20 | CIMB | CSE Global | 0.545 | 0.77 | Add | PER13.5x FY21 |
03/02/20 | DBS Vickers | CSE Global | 0.52 | 0.7 | Buy | PER12x FY20 |
03/12/20 | DBS Vickers | CSE Global | 0.465 | 0.65 | Buy | PER12x FY20 |
03/26/20 | CIMB | CSE Global | 0.35 | 0.45 | Add | |
03/30/20 | DMG & Partners | CSE Global | 0.36 | 0.73 | Buy | |
04/07/20 | DMG & Partners | CSE Global | 0.35 | 0.73 | Buy | |
04/08/20 | DMG & Partners | CSE Global | 0.38 | 0.54 | Buy | PER12x FY20 |
05/06/20 | DBS Vickers | CSE Global | 0.395 | 0.54 | Buy | PER10.6x |
06/03/20 | UOB Kay Hian | CSE Global | 0.475 | 0.65 | Buy | PER12.1x FY21 |
06/04/20 | DMG & Partners | CSE Global | 0.49 | 0.54 | Buy | PER12x FY20 |
06/04/20 | Lim & Tan | CSE Global | 0.49 | 0 | Buy | |
06/04/20 | CIMB | CSE Global | 0.49 | 0.55 | Add |
Thursday, July 16, 2020
CSE Global - Stock calls
Cromwell Reit (EUR) - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
04/09/20 | DBS Vickers | Cromwell Reit (EUR) | 0.36 | 0.59 | Buy |
Stock calls for 16 July 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
07/16/20 | Kim Eng | A-Reit | 3.34 | 3.35 | Buy | |
07/16/20 | Kim Eng | Mapletree Commercial | 1.94 | 2.15 | Buy | |
07/16/20 | DMG & Partners | Sembcorp Marine | 0.455 | 0.55 | Buy | PB0.82x |
07/16/20 | UOB Kay Hian | Sembcorp Marine | 0.455 | 0.49 | Hold | Buy @ $0.40 |
07/16/20 | Lim & Tan | Sembcorp Marine | 0.455 | 0 | Avoid | |
07/16/20 | Lim & Tan | SIA | 3.77 | 0 | Sell | |
07/16/20 | DBS Vickers | SPH | 1.25 | 1.26 | Hold | Sum of parts |
China Q2 GDP growth was 3.2%! How real was it?
https://www.scmp.com/economy/china-economy/article/3093371/china-gdp-economy-avoids-recession-second-quarter-growth-32
China expanded 3.2% in Q2 2020 which showed great economic resiliency.
We had earlier projected in Feb 2020 that China Q2 would be worse than Q1 and we were wrong because we belittled the communist's power in boosting its economic growth and containing the virus outbreak. Therefore, we are providing an update now since there was no update after Feb 2020.
http://sg-stock.blogspot.com/2020/02/china-can-stabilize-its-stock-markets_21.html
http://sg-stock.blogspot.com/2020/02/china-can-stabilize-its-stock-markets_17.html
After our postings in Feb 2020, China had managed to contain the COVID outbreak and boost its economic growth with stimulative policies. This is the advantage of a communist country because it can channel and divert all the resources to develop its country without any reservation.
How real is China GDP growth? Is the GDP growth of 3.2% a fudged number?
Well, the GDP number doesn't necessarily reflect economic reality as shown below.
http://sg-stock.blogspot.com/2019/11/the-latest-us-gdp-growth-is-not.html
Therefore, we will analyze other economic variables to ascertain the veracity of the GDP growth.
China PMI
China PMIs had been in an expansionary mode from April to June 2020. How is PMI related to GDP? Please see our posting below.
http://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html
China retail sales
China retail sales had been rebounding from its doldrum of -20.5 in Jan to -1.8 in June 2020.
China Import
China Export
In conclusion, the other economic variables (PMI, retail sales, import & export) had improved in Q2 which indicated that the Q2 GDP growth in China was real.
China expanded 3.2% in Q2 2020 which showed great economic resiliency.
We had earlier projected in Feb 2020 that China Q2 would be worse than Q1 and we were wrong because we belittled the communist's power in boosting its economic growth and containing the virus outbreak. Therefore, we are providing an update now since there was no update after Feb 2020.
http://sg-stock.blogspot.com/2020/02/china-can-stabilize-its-stock-markets_21.html
http://sg-stock.blogspot.com/2020/02/china-can-stabilize-its-stock-markets_17.html
After our postings in Feb 2020, China had managed to contain the COVID outbreak and boost its economic growth with stimulative policies. This is the advantage of a communist country because it can channel and divert all the resources to develop its country without any reservation.
How real is China GDP growth? Is the GDP growth of 3.2% a fudged number?
Well, the GDP number doesn't necessarily reflect economic reality as shown below.
http://sg-stock.blogspot.com/2019/11/the-latest-us-gdp-growth-is-not.html
Therefore, we will analyze other economic variables to ascertain the veracity of the GDP growth.
China PMI
China PMIs had been in an expansionary mode from April to June 2020. How is PMI related to GDP? Please see our posting below.
http://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html
China retail sales
China retail sales had been rebounding from its doldrum of -20.5 in Jan to -1.8 in June 2020.
China Import
China Export
In conclusion, the other economic variables (PMI, retail sales, import & export) had improved in Q2 which indicated that the Q2 GDP growth in China was real.
Wednesday, July 15, 2020
Comfortdelgro - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/10/19 | Kim Eng | Comfortdelgro | 2.84 | 2.76 | Hold | DCF |
07/10/19 | UOB Kay Hian | Comfortdelgro | 2.84 | 3.08 | Buy | PER19.5x FY20 |
07/11/19 | Amfrasers | Comfortdelgro | 2.82 | 2.77 | Neutral | PER19x FY19 |
07/15/19 | phillip | Comfortdelgro | 2.81 | 2.99 | Accumulate | DCF |
07/22/19 | DMG & Partners | Comfortdelgro | 2.8 | 2.65 | Neutral | DCF |
08/14/19 | CIMB | Comfortdelgro | 2.62 | 2.78 | Add | DCF |
08/14/19 | DMG & Partners | Comfortdelgro | 2.62 | 2.55 | Neutral | DCF |
08/14/19 | OCBC | Comfortdelgro | 2.62 | 2.91 | Hold | |
08/14/19 | phillip | Comfortdelgro | 2.62 | 2.99 | Accumulate | DCF, PER18.6x FY19 |
08/14/19 | UOB Kay Hian | Comfortdelgro | 2.62 | 2.95 | Buy | |
08/14/19 | DBS Vickers | Comfortdelgro | 2.62 | 2.59 | Hold | |
08/15/19 | Amfrasers | Comfortdelgro | 2.51 | 2.77 | Neutral | PER19x FY19 |
08/15/19 | CIMB | Comfortdelgro | 2.51 | 2.78 | Add | |
09/04/19 | DBS Vickers | Comfortdelgro | 2.46 | 2.59 | Hold | |
09/19/19 | DMG & Partners | Comfortdelgro | 2.45 | 2.55 | Neutral | DCF |
10/02/19 | Kim Eng | Comfortdelgro | 2.41 | 2.76 | Buy | DCF |
10/09/19 | UOB Kay Hian | Comfortdelgro | 2.42 | 2.95 | Buy | |
10/09/19 | DBS Vickers | Comfortdelgro | 2.42 | 2.59 | Hold | |
11/14/19 | Kim Eng | Comfortdelgro | 2.38 | 2.7 | Buy | DCF |
11/14/19 | DMG & Partners | Comfortdelgro | 2.38 | 2.38 | Neutral | DCF |
11/14/19 | UOB Kay Hian | Comfortdelgro | 2.38 | 2.27 | Hold | Buy @ $2 |
11/14/19 | DBS Vickers | Comfortdelgro | 2.38 | 2.48 | Hold | Sum of parts, PER17.8x FY20 |
11/14/19 | CIMB | Comfortdelgro | 2.38 | 2.28 | Hold | DCF |
11/20/19 | Amfrasers | Comfortdelgro | 2.36 | 2.61 | Outperform | PER19x FY20 |
11/21/19 | phillip | Comfortdelgro | 2.35 | 2.56 | Accumulate | DCF, PER18.6x FY19 |
12/02/19 | Amfrasers | Comfortdelgro | 2.35 | 2.61 | Outperform | PER19x FY20 |
12/06/19 | DMG & Partners | Comfortdelgro | 2.4 | 2.38 | Neutral | DCF |
02/04/20 | DMG & Partners | Comfortdelgro | 2.13 | 2.38 | Neutral | DCF |
02/06/20 | DBS Vickers | Comfortdelgro | 2.14 | 2.45 | Buy | DCF, PER18.1x FY20 |
02/06/20 | CIMB | Comfortdelgro | 2.14 | 2.09 | Hold | |
02/17/20 | DMG & Partners | Comfortdelgro | 2.18 | 2.25 | Neutral | DCF, PER18x FY20 |
02/17/20 | UOB Kay Hian | Comfortdelgro | 2.18 | 2.15 | Hold | Buy @ $1.95 |
02/17/20 | DBS Vickers | Comfortdelgro | 2.18 | 2.26 | Hold | DCF & PER17.7x FY20 |
02/17/20 | CIMB | Comfortdelgro | 2.18 | 2.08 | Hold | Buy @ $1.88 |
02/19/20 | phillip | Comfortdelgro | 2.09 | 2.2 | Accumulate | DCF |
02/24/20 | Amfrasers | Comfortdelgro | 2.02 | 2.28 | Outperform | PER17.5x FY20 |
03/10/20 | Amfrasers | Comfortdelgro | 1.81 | 2.28 | Outperform | PER17.5x FY20 |
03/31/20 | DBS Vickers | Comfortdelgro | 1.48 | 1.55 | Hold | PER15x FY20 |
03/31/20 | CIMB | Comfortdelgro | 1.48 | 1.55 | Hold | |
04/02/20 | DMG & Partners | Comfortdelgro | 1.47 | 1.54 | Neutral | DCF |
04/27/20 | OCBC | Comfortdelgro | 1.43 | 1.75 | Buy | |
05/18/20 | Kim Eng | Comfortdelgro | 1.46 | 1.99 | Buy | DCF |
05/20/20 | UOB Kay Hian | Comfortdelgro | 1.56 | 1.82 | Buy | PER16.7x FY21 |
05/26/20 | phillip | Comfortdelgro | 1.54 | 1.5 | Neutral | DCF |
05/26/20 | DMG & Partners | Comfortdelgro | 1.54 | 1.45 | Neutral | DCF |
05/26/20 | DBS Vickers | Comfortdelgro | 1.54 | 1.5 | Hold | PER15x FY20/21 |
05/26/20 | Lim & Tan | Comfortdelgro | 1.54 | 0 | Hold | |
05/26/20 | Kim Eng | Comfortdelgro | 1.54 | 1.98 | Buy | DCF |
05/26/20 | CIMB | Comfortdelgro | 1.54 | 1.5 | Hold | |
06/01/20 | DBS Vickers | Comfortdelgro | 1.44 | 1.68 | Buy | PER16.8x FY20/21 |
06/02/20 | DMG & Partners | Comfortdelgro | 1.43 | 1.65 | Buy | DCF, PER15.5x FY21 |
06/29/20 | Kim Eng | Comfortdelgro | 1.52 | 1.98 | Buy | DCF |
06/29/20 | Lim & Tan | Comfortdelgro | 1.52 | 0 | Hold | |
07/01/20 | CIMB | Comfortdelgro | 1.45 | 1.46 | Hold | PER13.1x FY21 |
07/02/20 | DMG & Partners | Comfortdelgro | 1.48 | 1.65 | Buy | DCF, PER16x FY21 |
07/03/20 | DBS Vickers | Comfortdelgro | 1.47 | 1.68 | Buy |
CNMC - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/19/19 | phillip | CNMC | 0.3 | 0.33 | Accumulate | DCF |
Clearbridge - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
09/06/19 | phillip | Clearbridge | 0.142 | 0.26 | Buy | DCF |
02/06/20 | Tayrona | Clearbridge | 0.139 | 0.41 | Overweight | |
03/10/20 | phillip | Clearbridge | 0.116 | 0.26 | Buy | DCF |
Stock calls for 15 July 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
07/15/20 | CIMB | Boustead | 0.705 | 1 | Add | |
07/15/20 | CIMB | Boustead Projects | 0.79 | 0.88 | Add | |
07/15/20 | OCBC | City Developments | 8.27 | 10.74 | Buy | |
07/15/20 | DMG & Partners | Delfi | 0.74 | 0.74 | Neutral | DCF |
07/15/20 | DBS Vickers | Riverstone | 3.1 | 3.9 | Buy | PER24x FY20 |
07/15/20 | UOB Kay Hian | SPH | 1.25 | 1.41 | Hold | Sum of parts, Buy @ $1.20 |
07/15/20 | CIMB | SPH | 1.25 | 1.35 | Hold | |
07/15/20 | OCBC | SPH | 1.25 | 1.35 | Hold | PER15x |
Another constellation is aligning and a big financial crisis is brewing this time. - Part 2
http://sg-stock.blogspot.com/2020/07/another-constellation-is-aligning-and.html
The financial tsunami that I'm projecting is based on the following highlights.
Rising US-China tension (trade, economic, financial, sanction, etc)
Excessive monetary policies
Imploding debts
Covid virus
Natural disasters (floodings in China & Japan now, and the US typhoon season)
The financial tsunami that I'm projecting is based on the following highlights.
Another constellation is aligning and a big financial crisis is brewing this time.
We saw a recession constellation aligning last year and it happened exactly as we projected.
http://sg-stock.blogspot.com/2020/03/weve-correctly-predicted-end-of-good-us.html
We see another constellation aligning now but this time will be a big financial crisis due to excessive monetary policies by the central bankers worldwide. This deceptive market rally will burst ultimately and many retail investors will be burnt this time particularly in the US and China. The stock markets have completely decoupled from economic reality.
Are we going to be right again? I will let time be the judge and the truth will reveal itself. Don't worry, you don't need to wait for years for this to happen.
Just remember our motto: We are not always right but we are also seldom wrong.
http://sg-stock.blogspot.com/2020/03/weve-correctly-predicted-end-of-good-us.html
We see another constellation aligning now but this time will be a big financial crisis due to excessive monetary policies by the central bankers worldwide. This deceptive market rally will burst ultimately and many retail investors will be burnt this time particularly in the US and China. The stock markets have completely decoupled from economic reality.
Are we going to be right again? I will let time be the judge and the truth will reveal itself. Don't worry, you don't need to wait for years for this to happen.
Just remember our motto: We are not always right but we are also seldom wrong.
Tuesday, July 14, 2020
City Developments - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/15/19 | OCBC | City Developments | 9.47 | 10.68 | Buy | |
08/13/19 | OCBC | City Developments | 9.04 | 10.68 | Buy | |
08/13/19 | DMG & Partners | City Developments | 9.04 | 9.2 | Neutral | RNAV (40% discount) |
08/13/19 | DBS Vickers | City Developments | 9.04 | 11 | Buy | RNAV (30% discount) |
08/19/19 | Lim & Tan | City Developments | 9.16 | 0 | Buy | |
09/12/19 | DMG & Partners | City Developments | 9.9 | 9.2 | Neutral | |
10/01/19 | DBS Vickers | City Developments | 9.82 | 11 | Buy | |
10/18/19 | Credit Suisse | City Developments | 10.39 | 11.6 | Outperform | |
10/23/19 | UOB Kay Hian | City Developments | 10.67 | 12 | Buy | |
11/13/19 | UOB Kay Hian | City Developments | 10.67 | 12 | Buy | |
11/14/19 | DMG & Partners | City Developments | 10.47 | 10.5 | Neutral | RNAV (40% discount) |
11/25/19 | DBS Vickers | City Developments | 10.78 | 11 | Hold | |
12/11/19 | Lim & Tan | City Developments | 10.54 | 0 | Buy | |
12/16/19 | DMG & Partners | City Developments | 10.7 | 10.5 | Neutral | RNAV (40% discount) |
12/17/19 | CIMB | City Developments | 10.8 | 12.09 | Add | |
01/02/20 | DBS Vickers | City Developments | 10.95 | 13 | Buy | RNAV (18% discount), PB1.08x FY2020 |
02/26/20 | OCBC | City Developments | 10.66 | 12.02 | Buy | |
02/27/20 | CIMB | City Developments | 10.37 | 12.09 | Add | |
02/27/20 | OCBC | City Developments | 10.37 | 12.01 | Buy | RNAV (35% discount) |
02/27/20 | DBS Vickers | City Developments | 10.37 | 13 | Buy | RNAV (18% discount), PB1.08x FY2020 |
02/28/20 | UOB Kay Hian | City Developments | 10.17 | 12.5 | Buy | |
03/03/20 | phillip | City Developments | 9.74 | 11.89 | Buy | RNAV (30% discount), PB0.98x FY20 |
05/13/20 | UOB Kay Hian | City Developments | 7.96 | 9.5 | Buy | |
05/14/20 | CIMB | City Developments | 7.65 | 10.13 | Add | |
05/28/20 | Lim & Tan | City Developments | 7.68 | 11.2 | Buy | |
05/29/20 | DMG & Partners | City Developments | 7.67 | 9.5 | Buy | RNAV (45% discount) |
06/26/20 | Morgan Stanley | City Developments | 8.32 | 10.5 | Overweight | |
07/13/20 | OCBC | City Developments | 8.73 | 12.01 | Buy | |
07/14/20 | DMG & Partners | City Developments | 8.37 | 9.5 | Buy |
Citic Envirotech - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/25/19 | DBS Vickers | Citic Envirotech | 0.305 | 0.34 | Hold | |
11/07/19 | Lim & Tan | Citic Envirotech | 0.37 | 0.55 | Accept Offer | offer price @ $0.55 |
China Sunsine - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/08/19 | phillip | China Sunsine | 1.08 | 1.43 | Buy | FCFE |
10/04/19 | CIMB | China Sunsine | 1.1 | 1.1 | Hold | |
10/10/19 | Amfrasers | China Sunsine | 1.12 | 1.4 | Outperform | DCF |
11/12/19 | Amfrasers | China Sunsine | 1.03 | 1.2 | Outperform | DCF |
12/02/19 | Amfrasers | China Sunsine | 1.03 | 1.2 | Outperform | DCF |
04/06/20 | CIMB | China Sunsine | 0.28 | 0.38 | Add | After stock split (1 into 2) |
Stock calls for 14 July 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
07/14/20 | DMG & Partners | APAC Realty | 0.385 | 0.5 | Buy | |
07/14/20 | Lim & Tan | ART | 0.995 | 0 | Neutral | |
07/14/20 | DMG & Partners | Capitaland | 2.87 | 4 | Buy | |
07/14/20 | DMG & Partners | City Developments | 8.37 | 9.5 | Buy | |
07/14/20 | Macquarie | DBS | 21.54 | 26 | outperform | PB |
07/14/20 | CIMB | Frasers Logistics | 1.23 | 1.43 | Add | DDM |
07/14/20 | Macquarie | Keppel Corp | 6.01 | 7 | Outperform | Sum of parts |
07/14/20 | DMG & Partners | Oxley | 0.235 | 0.29 | Buy | |
07/14/20 | DBS Vickers | SATS | 2.78 | 2.83 | Hold | DCF & PER25x FY22 |
07/14/20 | OCBC | SATS | 2.78 | 2.76 | Hold | |
07/14/20 | CIMB | SATS | 2.78 | 2.8 | Reduce |
China has imposed sanction against Lockheed Martin.
https://www.ft.com/content/b79821fb-eb99-4418-8cd3-e7df0c42b5fa
This is just a symbolic gesture with no real bite. It will be a different thing if China imposes sanctions against companies dealing with Lockheed Martin. China has to follow what the US is doing to Huawei to strike hard at US firms.
If China does that, then the suppliers have to decide to deal with Lockheed Martin or to give up the whole China market. The choice is very obvious as Lockheed Martine is just a small customer compared to the whole China market.
This is just a symbolic gesture with no real bite. It will be a different thing if China imposes sanctions against companies dealing with Lockheed Martin. China has to follow what the US is doing to Huawei to strike hard at US firms.
If China does that, then the suppliers have to decide to deal with Lockheed Martin or to give up the whole China market. The choice is very obvious as Lockheed Martine is just a small customer compared to the whole China market.
China has imposed sanctions against US officials in a tit-for-tat response.
https://sg.finance.yahoo.com/news/china-sanctions-u-officials-including-075456201.html
This is an expected response from China. If the US sanctions against any HK/China bank, China will also do the same.
The US is foolish to engage in such a silly ante just to score some political points at home.
This is an expected response from China. If the US sanctions against any HK/China bank, China will also do the same.
The US is foolish to engage in such a silly ante just to score some political points at home.
Singapore Q2 GDP growth is a lot worse than Q1.
https://sg.finance.yahoo.com/news/singapore-economy-shrinks-over-40-000345419.html
The QoQ growth of -41% and YoY growth of -12.6% show that we're right in our projection in March 2020 because Q2 is a lot worse than Q1.
http://sg-stock.blogspot.com/2020/03/singapore-gdp-contracts-22-yoy.html
We're not a brilliant clairvoyant but we're just a brilliant analyst. Therefore, when we tell you something, you better sit up straight and listen.
My motto: We're not always right but we're also seldom wrong.
The QoQ growth of -41% and YoY growth of -12.6% show that we're right in our projection in March 2020 because Q2 is a lot worse than Q1.
http://sg-stock.blogspot.com/2020/03/singapore-gdp-contracts-22-yoy.html
We're not a brilliant clairvoyant but we're just a brilliant analyst. Therefore, when we tell you something, you better sit up straight and listen.
My motto: We're not always right but we're also seldom wrong.
Monday, July 13, 2020
China Everbright - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/16/19 | phillip | China Everbright | 0.315 | 0.5 | Buy | PER9x |
05/29/20 | DBS Vickers | China Everbright | 0.199 | 0.49 | Buy | PER7x |
China Aviation Oil - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/10/19 | DMG & Partners | China Aviation Oil | 1.3 | 1.6 | Buy | |
08/08/19 | DMG & Partners | China Aviation Oil | 1.23 | 1.6 | Buy | |
08/13/19 | phillip | China Aviation Oil | 1.18 | 1.52 | Buy | PER10.5x FY20 |
08/13/19 | DMG & Partners | China Aviation Oil | 1.18 | 1.5 | Buy | Sum of parts |
08/13/19 | DBS Vickers | China Aviation Oil | 1.18 | 1.85 | Buy | |
09/02/19 | DMG & Partners | China Aviation Oil | 1.15 | 1.5 | Buy | Sum of parts |
11/04/19 | DMG & Partners | China Aviation Oil | 1.23 | 1.55 | Buy | Sum of parts |
01/21/20 | DMG & Partners | China Aviation Oil | 1.28 | 1.55 | Buy | |
02/27/20 | CIMB | China Aviation Oil | 1.16 | 1.25 | Hold | PER8.5x FY21 |
02/28/20 | DBS Vickers | China Aviation Oil | 1.16 | 1.65 | Buy | PER10x FY20 |
03/12/20 | DMG & Partners | China Aviation Oil | 0.965 | 1.3 | Buy | Sum of parts |
04/22/20 | DMG & Partners | China Aviation Oil | 1.02 | 1.3 | Buy | Sum of parts |
04/23/20 | DMG & Partners | China Aviation Oil | 1.02 | 1.25 | Buy | Sum of parts, PB0.9x |
05/12/20 | DMG & Partners | China Aviation Oil | 1.02 | 1.25 | Buy | Sum of parts, PER2.6x FY21 (ex-cash) |
06/12/20 | DMG & Partners | China Aviation Oil | 1.14 | 1.25 | Buy | PB0.9x, PER3.5x FY21 (ex-cash) |
07/06/20 | DMG & Partners | China Aviation Oil | 1.02 | 1.25 | Buy | Sum of parts |
Centurion - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/15/19 | DMG & Partners | Centurion | 0.41 | 0.43 | Neutral | DCF |
10/07/19 | DMG & Partners | Centurion | 0.4 | 0.43 | Neutral | DCF |
10/25/19 | DBS Vickers | Centurion | 0.41 | 0.52 | Buy | DCF |
11/14/19 | DMG & Partners | Centurion | 0.42 | 0.43 | Neutral | DCF |
11/14/19 | DBS Vickers | Centurion | 0.42 | 0.52 | Buy | DCF |
12/17/19 | DMG & Partners | Centurion | 0.435 | 0.47 | Neutral | DCF |
01/08/20 | CIMB | Centurion | 0.44 | 0.61 | Add | DCF |
03/02/20 | DMG & Partners | Centurion | 0.445 | 0.49 | Neutral | DCF |
03/02/20 | DBS Vickers | Centurion | 0.445 | 0.53 | Buy | DCF |
03/18/20 | CIMB | Centurion | 0.39 | 0.58 | Add | DCF |
03/30/20 | DBS Vickers | Centurion | 0.395 | 0.41 | Hold | DCF |
04/13/20 | CIMB | Centurion | 0.385 | 0.58 | Add | |
04/22/20 | DBS Vickers | Centurion | 0.38 | 0.41 | Hold | DCF |
04/29/20 | DMG & Partners | Centurion | 0.385 | 0.41 | Neutral | DCF |
05/18/20 | DBS Vickers | Centurion | 0.375 | 0.42 | Hold | DCF |
Stock calls for 13 July 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
07/13/20 | OCBC | A-Reit | 3.26 | 3.52 | Buy | |
07/13/20 | OCBC | Capitaland | 2.91 | 3.99 | Buy | |
07/13/20 | OCBC | City Developments | 8.73 | 12.01 | Buy | |
07/13/20 | Amfrasers | EC World Reit | 0.655 | 0.73 | outperform | DDM |
07/13/20 | Kim Eng | Frencken | 0.915 | 1.2 | Buy | Roe-g/Coe-g, PB1.6x FY20 |
07/13/20 | OCBC | Mapletree North Asia | 0.945 | 1.13 | Buy | |
07/13/20 | OCBC | Netlink | 0.98 | 1.1 | Buy | |
07/13/20 | phillip | SATS | 2.88 | 1.95 | Sell | PB1.35x |
07/13/20 | UOB Kay Hian | SATS | 2.88 | 2.93 | Hold | EV/Invested capital basis |
07/13/20 | Lim & Tan | SATS | 2.88 | 0 | Avoid | |
07/13/20 | OCBC | Singtel | 2.51 | 3.24 | Buy | |
07/13/20 | OCBC | ST Engineering | 3.35 | 3.9 | Buy |
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