Date | Analyst | Company | Last | Target | Call | Valuation |
08/11/20 | Phillip | APTV | 0.129 | 0.15 | Buy | |
08/11/20 | DMG & Partners | Capitaland | 2.74 | 3.75 | Buy | RNAV (30% discount) |
08/11/20 | CIMB | Capitaland | 2.74 | 3.42 | Add | |
08/11/20 | CIMB | CSE Global | 0.525 | 0.6 | Add | |
08/11/20 | Amfrasers | CSE Global | 0.525 | 0.52 | Neutral | Cut from $0.61 |
08/11/20 | DBS Vickers | Dasin Retail | 0.785 | 0.86 | Buy | DCF |
08/11/20 | phillip | DBS | 20.6 | 21 | Accumlate | GGM, PB1.18x |
08/11/20 | CIMB | DBS | 20.6 | 20.46 | Hold | |
08/11/20 | Kim Eng | Frasers Hospitality Trust | 0.43 | 0.45 | Hold | |
08/11/20 | Kim Eng | Frencken | 1.15 | 1.2 | Buy | |
08/11/20 | CIMB | ISDN | 0.395 | 0.501 | Add | |
08/11/20 | Amfrasers | Keppel Corp | 5.4 | 6.34 | Outperform | Sum of parts |
08/11/20 | DBS Vickers | Keppel Corp | 5.4 | 5.5 | Hold | |
08/11/20 | Lim & Tan | Keppel Corp | 5.4 | 0 | Hold | |
08/11/20 | UOB Kay Hian | Keppel Corp | 5.4 | 6.7 | Buy | |
08/11/20 | phillip | Netlink | 0.965 | 1.03 | Accumlate | DCF |
08/11/20 | UOB Kay Hian | Netlink | 0.965 | 1.08 | Buy | DCF |
08/11/20 | DMG & Partners | OCBC | 8.72 | 8.7 | Neutral | GGM, PB0.81x FY20 |
08/11/20 | Kim Eng | OCBC | 8.72 | 9.06 | Hold | |
08/11/20 | CIMB | OCBC | 8.72 | 9.19 | Hold | |
08/11/20 | UOB Kay Hian | OCBC | 8.72 | 10.82 | Buy | |
08/11/20 | phillip | Prime US Reit | 0.815 | 0.94 | Buy | DDM |
08/11/20 | Amfrasers | Singapore Medical | 0.26 | 0.25 | Neutral | PER16x |
08/11/20 | Phillip | Starhub | 1.21 | 1.24 | Neutral | EV/Ebitda 6x |
08/11/20 | DMG & Partners | Starhub | 1.21 | 1.3 | Neutral | DCF |
08/11/20 | DBS Vickers | Starhub | 1.21 | 1.16 | Hold | DCF |
08/11/20 | CIMB | Starhub | 1.21 | 1.6 | Add | |
08/11/20 | Lim & Tan | Sunningdale | 1.18 | 0 | Buy | |
08/11/20 | DBS Vickers | Tuan Sing | 0.275 | 0.44 | Buy | Sum of parts |
08/11/20 | CIMB | UOB | 19.58 | 20.58 | Hold | |
08/11/20 | Phillip | Venture | 18.84 | 18.4 | Neutral | PER16x |
08/11/20 | Kim Eng | Venture | 18.84 | 18.46 | Hold | PB2x FY21 |
08/11/20 | DMG & Partners | Venture | 18.84 | 19 | Neutral | PER16x FY21 |
08/11/20 | Lim & Tan | Venture | 18.84 | 0 | Hold |
Tuesday, August 11, 2020
Stock calls for 11 August 2020
Monday, August 10, 2020
The US government is tracking mobile phones around the world as reported by the Wall Street Journal.
https://borncity.com/win/2020/08/10/hundreds-of-us-apps-with-government-tracking-capabilities/
The US government is showing the rest of the world that surveillance is legal by inputting tracking codes in mobile apps.
Well done, USA!
We can also do the same now!
Saturday, August 8, 2020
Which country has an open market? A democratic or communist country?
The real answer will surprise many people.
Trump has decided to ban Tiktok and Wechat for national security reason but he cannot provide a single shred of evidence to support his accusation. Everything is just in his mind! This is the doing of a democratic country.
On the other hand, Microsoft and Apple have proven backdoors that can compromise the national security of a country.
http://sg-stock.blogspot.com/2019/05/the-us-is-going-to-impose-blanket-ban.html
China knew that Microsoft and Apple had backdoors that could pose dangers to its national security but it didn't ban these 2 companies in China. This is the doing of a communist country.
Which country has an open market? I believe the answer is crystal clear.
Baltic dry index - 1501
Today, Friday, August 07 2020, the Baltic Dry Index climbed by 1 point, reaching 1501 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 stock: Sembcorp Marine, Cosco & Pan ocean.
Friday, August 7, 2020
Many analysts still don't understand China's economic structure.
https://sg.finance.yahoo.com/news/china-july-exports-rise-fastest-043154974.html
If one has checked the latest economic statistics, one will realize that the local consumption constitutes 68% of China's GDP. Therefore, imports matter more than exports and analysts are foolish to be jolly about the rising exports. Why? (Please read my previous post below.)
http://sg-stock.blogspot.com/2019/12/how-is-chinas-economy-doing.html
It worries me when China's imports are slowing even though its exports are rising because the rising exports are unsustainable when there are re-surging outbreaks going on.
ISDN - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/01/19 | CIMB | ISDN | 0.235 | 0.32 | Add | |
08/19/19 | CIMB | ISDN | 0.192 | 0.27 | Add | |
06/01/20 | CIMB | ISDN | 0.235 | 0.279 | Add | Up from $0.22 |
08/07/20 | Amfrasers | ISDN | 0.365 | 0.42 | Outperform |
Ireit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/22/20 | Phillip | Ireit | 0.815 | 0.885 | Accumulate | DDM |
02/14/20 | Phillip | Ireit | 0.865 | 0.885 | Accumulate | DDM |
03/03/20 | DMG & Partners | Ireit | 0.785 | 0.92 | Buy | DDM |
03/13/20 | Phillip | Ireit | 0.715 | 0.89 | Accumulate | |
04/13/20 | DMG & Partners | Ireit | 0.64 | 0.83 | Buy | DDM |
05/15/20 | Phillip | Ireit | 0.66 | 0.77 | Buy | DDM |
05/21/20 | DMG & Partners | Ireit | 0.68 | 0.83 | Buy | DDM |
06/23/20 | DMG & Partners | Ireit | 0.735 | 0.83 | Buy |
Interra Resources - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
10/10/19 | SAC Advisors | Interra Resources | 0.026 | 0.089 | Buy | EV/IP reserves 6.4x |
12/17/19 | SAC Advisors | Interra Resources | 0.065 | 0.089 | Buy |
Stock calls for 7 August 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
08/07/20 | DBS Vickers | A-Reit | 3.48 | 4 | Buy | |
08/07/20 | Amfrasers | ARA Hospitality | 0.35 | 0.4 | Neutral | |
08/07/20 | CIMB | BRC Asia | 1.13 | 1.35 | Add | |
08/07/20 | Lim & Tan | Capitaland | 2.75 | 0 | Buy | |
08/07/20 | DBS Vickers | Capitamall Trust | 1.9 | 2.4 | Buy | |
08/07/20 | DBS Vickers | Comfortdelgro | 1.39 | 1.68 | Buy | |
08/07/20 | DMG & Partners | CSE Global | 0.535 | 0.6 | Buy | PER10.8x FY21 |
08/07/20 | UOB Kay Hian | CSE Global | 0.535 | 0.59 | Buy | PER12x FY21 |
08/07/20 | Kim Eng | DBS | 20.4 | 22.9 | Buy | DDM |
08/07/20 | DMG & Partners | DBS | 20.4 | 18.5 | Neutral | GGM, PB0.94x FY20 |
08/07/20 | UOB Kay Hian | DBS | 20.4 | 22.9 | Buy | GGM, PB01.07x FY21 |
08/07/20 | CIMB | DBS | 20.4 | 18.8 | Hold | |
08/07/20 | DBS Vickers | Frasers Centrepoint Trust | 2.39 | 2.95 | Buy | |
08/07/20 | CIMB | Genting | 0.71 | 0.73 | Add | Ev/Ebitda8.5x CY21 |
08/07/20 | HL Investment | Genting | 0.71 | 0.75 | Hold | EV/Ebitda7x FY21, Cut from $0.79 |
08/07/20 | DMG & Partners | Genting | 0.71 | 0.62 | Sell | PB1x FY21 |
08/07/20 | DBS Vickers | Genting | 0.71 | 0.7 | Hold | Ev/Ebitda7x FY21 & DCF |
08/07/20 | Kim Eng | Genting | 0.71 | 0.76 | Hold | DCF |
08/07/20 | Amfrasers | ISDN | 0.365 | 0.42 | Outperform | |
08/07/20 | DBS Vickers | Netlink | 0.97 | 1.02 | Hold | DCF |
08/07/20 | Kim Eng | Netlink | 0.97 | 1.07 | Buy | |
08/07/20 | OCBC | Netlink | 0.97 | 1.1 | Buy | |
08/07/20 | DBS Vickers | OCBC | 8.8 | 9.3 | Hold | |
08/07/20 | Lim & Tan | OCBC | 8.8 | 0 | Buy on weakness | |
08/07/20 | CIMB | OCBC | 8.8 | 8.37 | Hold | |
08/07/20 | UOB Kay Hian | Riverstone | 4.53 | 6 | Buy | PER23.2x FY21 |
08/07/20 | CIMB | Riverstone | 4.53 | 5.55 | Add | |
08/07/20 | CIMB | ST Engineering | 3.23 | 3.46 | Add | DCF |
08/07/20 | DBS Vickers | Thai Beverage | 0.63 | 0.9 | Buy | |
08/07/20 | Kim Eng | UOB | 19.76 | 20.79 | Hold | DDM |
08/07/20 | DMG & Partners | UOB | 19.76 | 18.8 | Neutral | GGM, PB0.8x FY20 |
08/07/20 | DBS Vickers | UOB | 19.76 | 22.2 | Buy | GGM, PB0.9x FY21 |
08/07/20 | CIMB | UOB | 19.76 | 19.04 | Hold | |
08/07/20 | DMG & Partners | Wilmar | 4.79 | 5.45 | Buy | Sum of parts |
08/07/20 | CIMB | Wilmar | 4.79 | 5.53 | Add | Sum of parts |
08/07/20 | UOB Kay Hian | Yangzijiang | 0.97 | 1.17 | Buy | PB0.68x |
08/07/20 | DBS Vickers | Yangzijiang | 0.97 | 1.4 | Buy | Sum of parts |
Thursday, August 6, 2020
Innotek - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/14/19 | Lim & Tan | Innotek | 0.5 | 0 | Buy on weakness | |
06/11/20 | CIMB | Innotek | 0.39 | 0.579 | Add |
Indofood Agri - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/16/19 | DBS Vickers | Indofood Agri | 0.325 | 0.33 | Hold | |
08/05/19 | DBS Vickers | Indofood Agri | 0.32 | 0.29 | Hold | DCF |
12/10/19 | DBS Vickers | Indofood Agri | 0.33 | 0.29 | Hold |
IHH Healthcare - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/31/19 | Kim Eng | IHH Healthcare | 1.88 | 2.16 | Buy | Sum of parts, Ringgit $6.50 target price |
09/09/19 | Kim Eng | IHH Healthcare | 1.85 | 2.1 | Hold | Sum of parts, Ringgit $6.30 target price |
12/04/19 | UOB Kay Hian | IHH Healthcare | 1.74 | 1.94 | Buy | Sum of parts, Ringgit $5.93 target price |
03/02/20 | Kim Eng | IHH Healthcare | 1.87 | 2.09 | Buy | Sum of parts, Ringgit $6.30 target price |
03/02/20 | UOB Kay Hian | IHH Healthcare | 1.87 | 1.94 | Buy | Ringgit $5.86 target price |
03/02/20 | CIMB | IHH Healthcare | 1.87 | 2.07 | Add | Ringgit $6.26 target price |
06/30/20 | DBS Vickers | IHH Healthcare | 1.78 | 2.05 | Buy | Sum of parts |
06/30/20 | CIMB | IHH Healthcare | 1.78 | 2.03 | Add | Sum of parts, Ringgit $6.25 target price |
06/30/20 | Aminvestment | IHH Healthcare | 1.78 | 2.14 | Buy | DCF, Ringgit $6.58 target price |
06/30/20 | Kim Eng | IHH Healthcare | 1.78 | 1.97 | Buy | Ringgit $6.05 target price |
Stock calls for 6 August 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
08/06/20 | UOB Kay Hian | ARA Hospitality | 0.36 | 0.34 | Hold | DDM, Buy @ $0.31 |
08/06/20 | DBS Vickers | Capitaland | 2.76 | 3.7 | Buy | RNAV (35% discount) |
08/06/20 | DBS Vickers | City Developments | 8.3 | 10.5 | Buy | RNAV (25% discount), PB0.9x |
08/06/20 | DMG & Partners | Comfortdelgro | 1.39 | 1.65 | Buy | DCF |
08/06/20 | DBS Vickers | CSE Global | 0.53 | 0.61 | Buy | |
08/06/20 | Lim & Tan | DBS | 19.83 | 0 | Accumlate | |
08/06/20 | DBS Vickers | Frasers Property | 1.17 | 1.7 | Buy | RNAV (50% discount) |
08/06/20 | DBS Vickers | Hutchison Port | 0.102 | 0.14 | Buy | DCF |
08/06/20 | Phillip | Manulife US Reit | 0.795 | 0.9 | Buy | DDM |
08/06/20 | DBS Vickers | Riverstone | 4.21 | 5.51 | Buy | PER28.4x FY21 |
08/06/20 | Amfrasers | Sheng Siong | 1.84 | 1.58 | Neutral | |
08/06/20 | Lim & Tan | UOB | 19.42 | 0 | Accumlate | |
08/06/20 | DBS Vickers | UOL | 6.59 | 8.4 | Buy | RNAV (30% discount), PB0.7x |
08/06/20 | Citi Research | Yangzijiang | 0.935 | 1.35 | Buy | |
08/06/20 | CIMB | Yangzijiang | 0.935 | 1.37 | Add |
Wednesday, August 5, 2020
IFS Capital - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/26/19 | Amfrasers | IFS Capital | 0.22 | 0.3 | Outperform | PB0.6x FY20 |
11/14/19 | Amfrasers | IFS Capital | 0.225 | 0.3 | Outperform | PB0.6x FY20 |
12/02/19 | Amfrasers | IFS Capital | 0.23 | 0.3 | Outperform | PB0.6x FY20 |
03/11/20 | Amfrasers | IFS Capital | 0.2 | 0.3 | Outperform |
Ifast Corp - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/30/19 | DBS Vickers | Ifast Corp | 1.1 | 1.05 | Hold | DDM |
11/01/19 | DBS Vickers | Ifast Corp | 1.01 | 1.05 | Hold | DDM |
02/21/20 | DBS Vickers | Ifast Corp | 1.02 | 1.1 | Hold | DDM |
04/24/20 | DBS Vickers | Ifast Corp | 0.975 | 1.27 | Buy | DDM |
06/22/20 | CIMB | Ifast Corp | 1.31 | 1.65 | Add | Sum of parts |
07/03/20 | CIMB | Ifast Corp | 1.45 | 1.65 | Add | Sum of parts |
07/24/20 | DBS Vickers | Ifast Corp | 1.74 | 2.35 | Buy | DDM |
Hyphens Pharma - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/03/19 | DMG & Partners | Hyphens Pharma | 0.196 | 0.25 | Buy | DCF, PER12.2x FY19 |
08/20/19 | DMG & Partners | Hyphens Pharma | 0.2 | 0.25 | Buy | DCF |
10/15/19 | DMG & Partners | Hyphens Pharma | 0.199 | 0.25 | Buy | |
11/08/19 | SAC Advisors | Hyphens Pharma | 0.195 | 0.285 | Buy | |
11/20/19 | DMG & Partners | Hyphens Pharma | 0.21 | 0.25 | Buy | DCF |
03/04/20 | DMG & Partners | Hyphens Pharma | 0.23 | 0.27 | Buy | DCF |
05/15/20 | DMG & Partners | Hyphens Pharma | 0.24 | 0.27 | Buy | DCF |
07/20/20 | Phillip | Hyphens Pharma | 0.42 | 0.435 | Accumlate | DCF |
Stock calls for 5 August 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
08/05/20 | DBS Vickers | AEM | 4.17 | 4.96 | Buy | PER13.7x FY21 |
08/05/20 | Kim Eng | AEM | 4.17 | 4.26 | Buy | |
08/05/20 | Amfrasers | AEM | 4.17 | 4.6 | Outperform | |
08/05/20 | DBS Vickers | Frasers Logistics | 1.37 | 1.6 | Buy | DCF |
08/05/20 | CIMB | Frasers Logistics | 1.37 | 1.43 | Add | |
08/05/20 | Lim & Tan | Frasers Logistics | 1.37 | 0 | Hold | |
08/05/20 | DBS Vickers | Venture | 18.14 | 20.7 | Buy | PER16.3x FY21 |
Tuesday, August 4, 2020
Hutchison Port (HPH) - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/25/19 | OCBC | Hutchison Port | 0.225 | 0.22 | Hold | |
07/26/19 | DBS Vickers | Hutchison Port | 0.225 | 0.23 | Hold | DCF |
09/06/19 | OCBC | Hutchison Port | 0.22 | 0.17 | Hold | |
10/30/19 | OCBC | Hutchison Port | 0.158 | 0.155 | Hold | |
02/11/20 | DBS Vickers | Hutchison Port | 0.161 | 0.17 | Hold | |
06/02/20 | DBS Vickers | Hutchison Port | 0.112 | 0.12 | Hold | DCF |
HRnet Group - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/14/19 | DMG & Partners | HRnetGroup | 0.66 | 0.94 | Buy | DCF |
10/15/19 | DMG & Partners | HRnetGroup | 0.58 | 0.94 | Buy | |
11/11/19 | CIMB | HRnetGroup | 0.64 | 0.83 | Add | |
11/11/19 | DMG & Partners | HRnetGroup | 0.64 | 0.81 | Buy | DCF |
02/28/20 | CIMB | HRnetGroup | 0.58 | 0.58 | Hold | |
02/28/20 | DBS Vickers | HRnetGroup | 0.58 | 0.63 | Hold | PER10x FY20, Ex-cash |
03/02/20 | DMG & Partners | HRnetGroup | 0.56 | 0.61 | Neutral | PER12x FY20 |
06/25/20 | CIMB | HRnetGroup | 0.5 | 0.58 | Hold |
Hotel Properties - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/15/19 | OCBC | Hotel Properties | 3.69 | 4.74 | Buy |
Stock calls for 4 August 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
08/04/20 | CIMB | AEM | 3.66 | 4.63 | Add | GGM |
08/04/20 | OCBC | ARA Logistics | 0.665 | 0.64 | Hold | |
08/04/20 | OCBC | CapitaRetail China | 1.21 | 1.35 | Buy | |
08/04/20 | OCBC | CDL Hospitality | 0.945 | 0.92 | Hold | |
08/04/20 | Macquarie | DBS | 19.45 | 24.25 | outperform | PB |
08/04/20 | OCBC | Far East Hospitality | 0.49 | 0.51 | Hold | |
08/04/20 | OCBC | Frasers Centrepoint Trust | 2.36 | 2.44 | Hold | |
08/04/20 | Kim Eng | Manulife US Reit | 0.775 | 1.15 | Buy | DDM |
08/04/20 | DMG & Partners | Manulife US Reit | 0.775 | 0.9 | Buy | DDM |
08/04/20 | UOB Kay Hian | Manulife US Reit | 0.775 | 0.85 | Buy | |
08/04/20 | Lim & Tan | Manulife US Reit | 0.775 | 0 | Buy at weakness | |
08/04/20 | CIMB | Manulife US Reit | 0.775 | 1.05 | Add | DDM |
08/04/20 | Macquarie | OCBC | 8.52 | 10.65 | Outperform | PB |
08/04/20 | OCBC | OUE Commercial | 0.37 | 0.39 | Hold | |
08/04/20 | Lim & Tan | PanUnited | 0.29 | 0.31 | Hold | PB1x FY20 |
08/04/20 | OCBC | Sheng Siong | 1.69 | 1.85 | Hold | |
08/04/20 | OCBC | SIA | 3.31 | 3.5 | Hold | |
08/04/20 | DBS Vickers | Singtel | 2.45 | 3.04 | Buy | Sum of parts |
08/04/20 | Macquarie | UOB | 19.07 | 21 | Neutral | PB |
Australia is really the white trash of the East.
Monday, August 3, 2020
The ugly side of Facebook - A thug in disguise!
US ISM PMI had shown great improvement in July.
The July PMI (54.2, +1.6) had continued to improve because of pandemic relief packages implemented worldwide including the US ($600 per week). This had resulted in the new order including the new export and local orders rising altogether and pushed up the prices to 53.2 (+1.9). Thus, the producers ramped up their production (62.1, +4.8) to meet the rising new orders while the customers’ inventories were reduced by fulfilling the rising orders.
All in all, the improvement in the July PMI showed that the worldwide pandemic relief packages were helping to boost some consumer spendings. However, the real test will be whether the consumer spendings will be sustainable without the pandemic relief packages and also the re-surging COVID outbreak situation.
If the US can continue the pandemic relief money and contain the deteriorating outbreak, the US GDP will rebound in Q3.
Hongkong Land - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/02/19 | DBS Vickers | Hongkong Land | 6.09 | 7.93 | Buy | |
08/05/19 | DBS Vickers | Hongkong Land | 6.02 | 7.7 | Buy | RNAV (40% discount) |
08/06/19 | CIMB | Hongkong Land | 5.74 | 7.4 | Add | |
08/06/19 | Citibank | Hongkong Land | 5.74 | 5.85 | Sell | |
12/12/19 | DBS Vickers | Hongkong Land | 5.47 | 6.64 | Buy | RNAV (45% discount) |
12/12/19 | CIMB | Hongkong Land | 5.47 | 6.9 | Add | |
03/06/20 | DBS Vickers | Hongkong Land | 5.05 | 5.81 | Buy | RNAV (50% discount) |
03/10/20 | CIMB | Hongkong Land | 4.55 | 6.05 | Add | |
05/05/20 | DBS Vickers | Hongkong Land | 4.13 | 5.22 | Buy | RNAV (55% discount) |
07/30/20 | Lim & Tan | Hongkong Land | 3.72 | 0 | Buy | |
07/30/20 | DBS Vickers | Hongkong Land | 3.72 | 4.94 | Buy | RNAV (55% discount) |
08/03/20 | DBS Vickers | Hongkong Land | 3.79 | 4.8 | Buy | RNAV (55% discount) |
08/03/20 | CIMB | Hongkong Land | 3.79 | 5.1 | Add |
Hong Leong Asia - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/28/20 | Lim & Tan | Hong Leong Asia | 0.625 | 0 | Buy on weakness |
Hock Lian Seng - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/02/19 | Lim & Tan | Hock Lian Seng | 0.33 | 0 | Buy on weakness |