Date | Analyst | Company | Last | Target | Call | Valuation |
09/11/19 | DMG & Partners | Oxley | 0.31 | 0.41 | Buy | |
09/24/19 | DMG & Partners | Oxley | 0.305 | 0.43 | Buy | RNAV (45% discount) |
09/25/19 | UOB Kay Hian | Oxley | 0.31 | 0.64 | Buy | RNAV (30% discount) |
10/02/19 | DMG & Partners | Oxley | 0.32 | 0.43 | Buy | |
10/15/19 | DMG & Partners | Oxley | 0.325 | 0.43 | Buy | RNAV (45% discount) |
10/29/19 | UOB Kay Hian | Oxley | 0.34 | 0.5 | Buy | RNAV (30% discount) |
11/14/19 | DMG & Partners | Oxley | 0.345 | 0.43 | Buy | RNAV (45% discount) |
12/16/19 | DMG & Partners | Oxley | 0.35 | 0.43 | Buy | RNAV (45% discount) |
01/08/20 | DMG & Partners | Oxley | 0.375 | 0.43 | Buy | |
02/11/20 | UOB Kay Hian | Oxley | 0.34 | 0.49 | Buy | |
02/12/20 | DMG & Partners | Oxley | 0.34 | 0.42 | Buy | RNAV (45% discount) |
03/27/20 | DMG & Partners | Oxley | 0.22 | 0.36 | Buy | RNAV (55% discount) |
04/07/20 | DMG & Partners | Oxley | 0.199 | 0.36 | Buy | |
04/13/20 | UOB Kay Hian | Oxley | 0.225 | 0.48 | Buy | RNAV (30% discount) |
04/13/20 | DMG & Partners | Oxley | 0.225 | 0.31 | Buy | RNAV (55% discount) |
05/27/20 | DMG & Partners | Oxley | 0.23 | 0.29 | Buy | RNAV (55% discount) |
07/14/20 | DMG & Partners | Oxley | 0.235 | 0.29 | Buy |
Wednesday, August 26, 2020
Oxley - Stock calls
Overseas Education - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/19/19 | UOB Kay Hian | Overseas Edu | 0.285 | 0.46 | Buy | |
09/11/19 | Lim & Tan | Overseas Edu | 0.29 | 0 | Buy | |
11/12/19 | UOB Kay Hian | Overseas Edu | 0.285 | 0.46 | Buy | |
12/19/19 | Lim & Tan | Overseas Edu | 0.32 | 0 | Buy | |
02/17/20 | Lim & Tan | Overseas Edu | 0.365 | 0 | Buy | |
02/18/20 | UOB Kay Hian | Overseas Edu | 0.365 | 0.49 | Buy | |
06/18/20 | Lim & Tan | Overseas Edu | 0.32 | 0 | Buy on weakness | |
08/17/20 | Lim & Tan | Overseas Edu | 0.29 | 0 | Buy |
Stock calls for 26 August 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
08/26/20 | Amfrasers | Avarga | 0.215 | 0.43 | Unrated | PER10x FY20 |
08/26/20 | UOB Kay Hian | Far East Hospitality | 0.52 | 0.58 | Buy | |
08/26/20 | UOB Kay Hian | Frasers Hospitality Trust | 0.44 | 0.54 | Buy | |
08/26/20 | DMG & Partners | SGX | 8.63 | 9.5 | Buy | PER24x FY21 |
08/26/20 | Amfrasers | Uni-Asia | 0.45 | 0.54 | Neutral | |
08/26/20 | DMG & Partners | Venture | 20.21 | 20.2 | Neutral | PER17x FY21 |
Tuesday, August 25, 2020
OUE Hospitality - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/04/19 | DMG & Partners | OUE Hospitality | 0.72 | 0.76 | Take Profit |
OUE Commercial - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
10/04/19 | DBS Vickers | OUE Commercial | 0.54 | 0.59 | Buy | |
10/04/19 | CIMB | OUE Commercial | 0.54 | 0.61 | Hold | |
11/15/19 | DBS Vickers | OUE Commercial | 0.54 | 0.6 | Buy | DCF |
11/19/19 | OCBC | OUE Commercial | 0.545 | 0.535 | Hold | |
11/19/19 | CIMB | OUE Commercial | 0.545 | 0.57 | Hold | DDM |
12/04/19 | DBS Vickers | OUE Commercial | 0.56 | 0.6 | Buy | |
02/03/20 | OCBC | OUE Commercial | 0.545 | 0.55 | Hold | |
02/03/20 | DBS Vickers | OUE Commercial | 0.545 | 0.6 | Buy | DCF |
02/13/20 | CIMB | OUE Commercial | 0.525 | 0.53 | Hold | DDM |
03/30/20 | DBS Vickers | OUE Commercial | 0.335 | 0.6 | Buy | |
03/30/20 | OCBC | OUE Commercial | 0.335 | 0.4 | Hold | |
06/08/20 | DBS Vickers | OUE Commercial | 0.4 | 0.5 | Buy | DCF |
06/08/20 | CIMB | OUE Commercial | 0.4 | 0.482 | Hold | |
07/27/20 | Lim & Tan | OUE Commercial | 0.395 | 0 | Buy on weakness | |
07/28/20 | CIMB | OUE Commercial | 0.39 | 0.482 | Hold | |
08/04/20 | OCBC | OUE Commercial | 0.37 | 0.39 | Hold |
Stock calls for 25 August 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
08/25/20 | UOB Kay Hian | Bumitama | 0.515 | 0.52 | Hold | |
08/25/20 | DMG & Partners | CDL Hospitality | 1 | 1.25 | Buy | DDM |
08/25/20 | DBS Vickers | China Aviation Oil | 0.865 | 1.2 | Buy | PER11x FY20/21 |
08/25/20 | phillip | City Developments | 8 | 10.68 | Buy | RNAV (30% discount) |
08/25/20 | UOB Kay Hian | Golden Agri | 0.145 | 0.14 | Hold | |
08/25/20 | Lim & Tan | Guocoland | 1.4 | 0 | Accumulate | |
08/25/20 | Lim & Tan | Koufu | 0.675 | 0 | Accumulate | |
08/25/20 | CIMB | SATS | 3.08 | 3 | Hold | PB2.1x FY21 |
08/25/20 | phillip | SATS | 3.08 | 1.95 | Sell | PB1.35x |
08/25/20 | UOB Kay Hian | SATS | 3.08 | 2.67 | Sell | |
08/25/20 | Lim & Tan | SATS | 3.08 | 0 | Avoid |
Monday, August 24, 2020
OCBC Bank - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/01/19 | UOB Kay Hian | OCBC | 11.4 | 14.62 | Buy | |
07/02/19 | Kim Eng | OCBC | 11.59 | 11.07 | Hold | |
07/03/19 | phillip | OCBC | 11.54 | 12.7 | Accumulate | |
07/08/19 | DMG & Partners | OCBC | 11.39 | 12.2 | Neutral | GGM, PB1.12x FY20 |
07/23/19 | DBS Vickers | OCBC | 11.64 | 11.5 | Hold | |
08/02/19 | Lim & Tan | OCBC | 11.42 | 0 | Buy on weakness | |
08/02/19 | Citibank | OCBC | 11.42 | 12.3 | Hold | |
08/05/19 | phillip | OCBC | 11.21 | 12.5 | Accumulate | GGM, PB1.3x |
08/05/19 | DMG & Partners | OCBC | 11.21 | 11.8 | Neutral | GGM, PB1.1x FY20 |
08/05/19 | UOB Kay Hian | OCBC | 11.21 | 14.48 | Buy | GGM, PB1.4x FY19 |
08/05/19 | DBS Vickers | OCBC | 11.21 | 11.5 | Hold | GGM, PB1.1x FY20 |
08/06/19 | CIMB | OCBC | 11.08 | 12.59 | Hold | GGM, PB1.3x |
08/06/19 | Kim Eng | OCBC | 11.08 | 11.05 | Hold | DDM |
08/20/19 | DMG & Partners | OCBC | 10.71 | 11.5 | Neutral | GGM, PB1.07x FY20 |
08/21/19 | CIMB | OCBC | 10.69 | 12.53 | Hold | |
09/02/19 | phillip | OCBC | 10.65 | 12.32 | Accumulate | GGM |
09/05/19 | UOB Kay Hian | OCBC | 10.71 | 14.48 | Buy | GGM, PB1.4x FY19 |
09/26/19 | Kim Eng | OCBC | 10.77 | 11.05 | Neutral | |
09/26/19 | DMG & Partners | OCBC | 10.77 | 11.5 | Neutral | GGM, PB1.07x FY20 |
09/27/19 | CIMB | OCBC | 10.82 | 12.53 | Hold | |
10/04/19 | phillip | OCBC | 10.71 | 12.32 | Accumulate | |
10/17/19 | UOB Kay Hian | OCBC | 10.86 | 14.45 | Buy | GGM, PB1.4x FY19 |
10/23/19 | DBS Vickers | OCBC | 10.71 | 11.5 | Hold | |
11/05/19 | phillip | OCBC | 11.07 | 12.32 | Accumulate | |
11/05/19 | DMG & Partners | OCBC | 11.07 | 11.5 | Neutral | GGM, PB1.08x FY20 |
11/05/19 | Lim & Tan | OCBC | 11.07 | 0 | Buy | |
11/05/19 | Citibank | OCBC | 11.07 | 11 | Hold | |
11/05/19 | Jefferies | OCBC | 11.07 | 11.5 | Hold | |
11/06/19 | Macquarie | OCBC | 11.08 | 12.4 | Outperform | PB |
11/06/19 | Kim Eng | OCBC | 11.08 | 11.26 | Hold | DDM |
11/06/19 | UOB Kay Hian | OCBC | 11.08 | 14.45 | Buy | GGM, PB1.4x FY19 |
11/06/19 | DBS Vickers | OCBC | 11.08 | 11.5 | Hold | GGM, PB1.1x FY20 |
11/07/19 | phillip | OCBC | 11.1 | 11.7 | Accumulate | GGM, PB1.1x |
12/02/19 | CIMB | OCBC | 10.78 | 11.94 | Hold | |
12/02/19 | Kim Eng | OCBC | 10.78 | 11.26 | Hold | |
12/03/19 | DMG & Partners | OCBC | 10.75 | 11.5 | Neutral | |
12/03/19 | DBS Vickers | OCBC | 10.75 | 11.5 | Hold | |
12/04/19 | phillip | OCBC | 10.68 | 11.7 | Accumulate | |
01/03/20 | UOB Kay Hian | OCBC | 11.03 | 14.45 | Buy | |
01/08/20 | CIMB | OCBC | 11 | 11.94 | Hold | |
02/03/20 | DBS Vickers | OCBC | 10.83 | 11.5 | Hold | GGM, PB1x FY20 |
02/10/20 | UOB Kay Hian | OCBC | 10.86 | 12.8 | Buy | |
02/19/20 | Macquarie | OCBC | 10.97 | 12.4 | Outperform | |
02/24/20 | phillip | OCBC | 11.02 | 12.1 | Accumulate | GGM, PB1.11x FY20 |
02/24/20 | DMG & Partners | OCBC | 11.02 | 11.2 | Neutral | GGM, PB1.03x FY20 |
02/24/20 | UOB Kay Hian | OCBC | 11.02 | 12.68 | Buy | |
02/24/20 | Citibank | OCBC | 11.02 | 11.6 | Hold | |
02/24/20 | Jefferies | OCBC | 11.02 | 11 | Hold | |
02/25/20 | Kim Eng | OCBC | 10.92 | 11.57 | Hold | |
03/02/20 | DBS Vickers | OCBC | 10.6 | 11.5 | Hold | |
03/04/20 | Citibank | OCBC | 10.65 | 11 | Hold | |
03/05/20 | Macquarie | OCBC | 10.55 | 12.4 | Outperform | |
03/05/20 | DBS Vickers | OCBC | 10.55 | 11 | Hold | GGM, PB1x FY20 |
03/05/20 | CIMB | OCBC | 10.55 | 11.05 | Hold | |
03/09/20 | Citibank | OCBC | 10.21 | 8.85 | Sell | |
03/10/20 | phillip | OCBC | 9.52 | 12.1 | Accumulate | |
03/11/20 | Jefferies | OCBC | 9.72 | 11 | Buy | |
03/17/20 | DMG & Partners | OCBC | 8.7 | 9.6 | Buy | GGM, PB0.89x FY20 |
03/17/20 | DBS Vickers | OCBC | 8.7 | 8.6 | Hold | GGM, PB0.8x FY20 |
03/17/20 | Jefferies | OCBC | 8.7 | 10 | Buy | |
03/19/20 | Macquarie | OCBC | 8.49 | 10.5 | Outperform | |
03/20/20 | CIMB | OCBC | 8.08 | 9.04 | Add | |
03/31/20 | DMG & Partners | OCBC | 8.52 | 9.6 | Neutral | |
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 | |
04/08/20 | Kim Eng | OCBC | 8.93 | 10.32 | Buy | DDM |
04/13/20 | phillip | OCBC | 8.95 | 12.1 | Accumulate | |
04/22/20 | UOB Kay Hian | OCBC | 8.7 | 9.78 | Buy | |
04/22/20 | DMG & Partners | OCBC | 8.7 | 9 | Neutral | GGM, PB0.84x FY20 |
04/23/20 | DBS Vickers | OCBC | 8.62 | 7.9 | Hold | GGM, PB0.7x FY21 |
04/24/20 | Macquarie | OCBC | 8.65 | 10 | Outperform | |
05/11/20 | phillip | OCBC | 8.88 | 9.14 | Accumulate | GGM, PB0.85x |
05/11/20 | Citi Research | OCBC | 8.88 | 7.75 | Sell | |
05/11/20 | DMG & Partners | OCBC | 8.88 | 8.7 | Hold | GGM, PB0.81x FY20 |
05/11/20 | Kim Eng | OCBC | 8.88 | 9.46 | Hold | DDM |
05/11/20 | DBS Vickers | OCBC | 8.88 | 7.9 | Hold | GGM, PB0.7x FY21 |
05/11/20 | Lim & Tan | OCBC | 8.88 | 0 | Accumulate | |
05/11/20 | CIMB | OCBC | 8.88 | 8.37 | Hold | |
05/11/20 | UOB Kay Hian | OCBC | 8.88 | 9.78 | Buy | PB0.8x FY20 |
05/13/20 | Macquarie | OCBC | 8.89 | 9.67 | Outperform | PB |
05/13/20 | Jefferies | OCBC | 8.89 | 8.4 | Hold | |
06/01/20 | DBS Vickers | OCBC | 8.55 | 7.9 | Hold | GGM, PB0.7x FY21 |
06/05/20 | UOB Kay Hian | OCBC | 9.3 | 12.18 | Buy | |
06/08/20 | phillip | OCBC | 9.44 | 9.14 | Neutral | |
06/08/20 | Citi Research | OCBC | 9.44 | 10.85 | Buy | |
06/11/20 | Macquarie | OCBC | 9.73 | 11.2 | Outperform | |
06/18/20 | DMG & Partners | OCBC | 9.16 | 8.7 | Neutral | |
07/01/20 | CIMB | OCBC | 9 | 8.37 | Hold | |
07/03/20 | phillip | OCBC | 9.18 | 9.14 | Neutral | |
07/06/20 | UOB Kay Hian | OCBC | 9.2 | 12.18 | Buy | |
07/07/20 | Macquarie | OCBC | 9.33 | 11.2 | Outperform | PB |
07/08/20 | UOB Kay Hian | OCBC | 9.24 | 11.58 | Buy | |
07/21/20 | Jefferies | OCBC | 9.18 | 8.88 | Hold | |
07/21/20 | Kim Eng | OCBC | 9.18 | 9.15 | Hold | |
07/22/20 | DBS Vickers | OCBC | 9.21 | 9.3 | Hold | GGM, PB0.8x FY21 |
07/30/20 | Macquarie | OCBC | 8.9 | 11 | Outperform | PB |
07/30/20 | UOB Kay Hian | OCBC | 8.9 | 11.22 | Buy | |
08/04/20 | Macquarie | OCBC | 8.52 | 10.65 | Outperform | PB |
08/07/20 | DBS Vickers | OCBC | 8.8 | 9.3 | Hold | GGM, PB0.8x FY21 |
08/07/20 | Lim & Tan | OCBC | 8.8 | 0 | Buy on weakness | |
08/07/20 | CIMB | OCBC | 8.8 | 8.37 | Hold | |
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 | |
08/12/20 | Macquarie | OCBC | 8.76 | 8.85 | Neutral | |
08/13/20 | phillip | OCBC | 8.86 | 8.92 | Accumulate | GGM, PB0.84x |
Netlink - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/15/19 | Phillip | Netlink | 0.88 | 0.93 | Accumulate | DCF |
07/17/19 | Kim Eng | Netlink | 0.885 | 0.94 | Buy | |
08/06/19 | UOB Kay Hian | Netlink | 0.88 | 0.92 | Buy | DCF |
08/06/19 | Phillip | Netlink | 0.88 | 0.93 | Accumulate | DCF |
08/07/19 | Kim Eng | Netlink | 0.865 | 0.94 | Buy | DDM |
08/07/19 | DBS Vickers | Netlink | 0.865 | 0.95 | Buy | DCF |
10/07/19 | UOB Kay Hian | Netlink | 0.9 | 1.01 | Buy | DCF |
10/11/19 | Phillip | Netlink | 0.91 | 0.93 | Accumulate | |
10/17/19 | Kim Eng | Netlink | 0.9 | 1.03 | Buy | DDM |
10/18/19 | DBS Vickers | Netlink | 0.91 | 0.95 | Buy | |
11/04/19 | UOB Kay Hian | Netlink | 0.935 | 1.01 | Buy | DCF |
11/04/19 | Phillip | Netlink | 0.935 | 0.99 | Accumulate | DCF |
11/05/19 | OCBC | Netlink | 0.955 | 1.03 | Buy | |
11/05/19 | DBS Vickers | Netlink | 0.955 | 1.04 | Buy | DCF |
11/05/19 | Kim Eng | Netlink | 0.955 | 1.06 | Buy | |
01/03/20 | DBS Vickers | Netlink | 0.94 | 1.04 | Buy | DCF |
01/30/20 | UOB Kay Hian | Netlink | 1 | 1.05 | Buy | DCF |
02/10/20 | DBS Vickers | Netlink | 1.01 | 1.04 | Buy | DCF |
02/11/20 | UOB Kay Hian | Netlink | 1 | 1.05 | Buy | DCF |
02/12/20 | DBS Vickers | Netlink | 1 | 1.05 | Buy | DCF |
02/14/20 | Phillip | Netlink | 1.01 | 0.99 | Neutral | DCF |
03/02/20 | DBS Vickers | Netlink | 0.98 | 1.05 | Buy | |
03/23/20 | DBS Vickers | Netlink | 0.9 | 0.95 | Buy | DCF |
05/08/20 | DBS Vickers | Netlink | 1 | 1.02 | Hold | DCF |
05/11/20 | phillip | Netlink | 0.985 | 1.03 | Accumulate | DCF |
05/11/20 | UOB Kay Hian | Netlink | 0.985 | 1.08 | Buy | |
06/26/20 | Morgan Stanley | Netlink | 0.975 | 1 | Overweight | |
07/13/20 | OCBC | Netlink | 0.98 | 1.1 | Buy | |
07/28/20 | Kim Eng | Netlink | 0.965 | 1.08 | Buy | DDM |
08/07/20 | DBS Vickers | Netlink | 0.97 | 1.02 | Hold | DCF |
08/07/20 | Kim Eng | Netlink | 0.97 | 1.07 | Buy | DDM |
08/07/20 | OCBC | Netlink | 0.97 | 1.1 | Buy | |
08/11/20 | phillip | Netlink | 0.965 | 1.03 | Accumulate | DCF |
08/11/20 | UOB Kay Hian | Netlink | 0.965 | 1.08 | Buy | DCF |
08/13/20 | CIMB | Netlink | 0.965 | 1.1 | Add |
Stock calls for 24 August 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
08/24/20 | OCBC | Capitamall Trust | 1.85 | 2.29 | Buy | |
08/24/20 | phillip | Dasin Retail | 0.815 | 0.91 | Accumulate | DDM |
08/24/20 | OCBC | ESR-Reit | 0.385 | 0.45 | Buy | |
08/24/20 | OCBC | Frasers Logistics | 1.38 | 1.59 | Buy | |
08/24/20 | Lim & Tan | Frencken | 0.96 | 1.26 | Accumulate | |
08/24/20 | Lim & Tan | Genting | 0.695 | 0 | Sell | |
08/24/20 | Amfrasers | Jiutian | 0.046 | 0.068 | Outperform | |
08/24/20 | OCBC | Manulife US Reit | 0.745 | 0.84 | Buy | |
08/24/20 | OCBC | Mapletree North Asia | 0.905 | 1.09 | Buy | |
08/24/20 | UOB Kay Hian | SPH | 1.08 | 1.22 | Hold | Sum of parts |
08/24/20 | Amfrasers | Yanlord | 1.25 | 1.52 | Outperform |
Sunday, August 23, 2020
Market distortions are precursors of an impending financial crisis.
Many analysts touted the mantra "Don't fight the FED" to induce people to invest. However, these analysts do not understand true economics. When the monetary pumping by the FED exceeds a certain threshold, the excessive money supplies will become useless and cannot save the economy. Instead, excessive monetary policies will create market distortions (bubbles) and cause a financial crisis.
There are precursory signs in of distortions in different markets already.
http://sg-stock.blogspot.com/2020/08/the-us-property-market-is-becoming.html
The property transaction volume and average selling price are trending higher in an economic downturn and this is an aberration because the general public cannot be upgrading in a bad time. In a normal situation, people will upgrade in good times and downgrade in bad times. This upward trend in a downturn shows that massive hot money (professional fund) has entered the US property market. We are also seeing this phenomenon in the stock market.
http://sg-stock.blogspot.com/2020/08/the-us-resale-car-market-is-being.html
Saturday, August 22, 2020
Baltic dry index- 1481
Today, Friday, August 21 2020, the Baltic Dry Index decreased by 37 points, reaching 1,481 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.
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Related stock: Sembcorp Marine, Cosco & Pan ocean.