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Wednesday, September 2, 2020

Sembcorp Marine - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/03/19CIMBSembcorp Marine1.541.75AddPB1.6x CY19
07/03/19OCBCSembcorp Marine1.541.6Hold
07/04/19MacquarieSembcorp Marine1.411.57Neutral
07/04/19DBS VickersSembcorp Marine1.412.4Buy
07/31/19DBS VickersSembcorp Marine1.361.9BuyPB1.8x FY19
07/31/19AmfrasersSembcorp Marine1.361.59NeutralPB1.6x FY19
07/31/19DMG & PartnersSembcorp Marine1.361.8BuyPB1.64x FY20
07/31/19CIMBSembcorp Marine1.361.16ReducePB1.1x
07/31/19UOB Kay HianSembcorp Marine1.361.32HoldDCF, Buy @ $1.25
08/06/19MacquarieSembcorp Marine1.281.4NeutralPB
09/03/19UOB Kay HianSembcorp Marine1.161.22HoldBuy @ $1.10
09/03/19DMG & PartnersSembcorp Marine1.161.63BuyPB1.48x FY20
09/09/19CIMBSembcorp Marine1.191.26HoldPB1.2x CY19
10/09/19CIMBSembcorp Marine1.21.26HoldPB1.2x CY19
10/09/19OCBCSembcorp Marine1.21.29Hold
10/09/19DBS VickersSembcorp Marine1.21.9Buy
10/25/19DBS VickersSembcorp Marine1.41.45Hold
11/12/19UOB Kay HianSembcorp Marine1.331.22Sell
11/13/19OCBCSembcorp Marine1.341.24Sell
11/14/19DMG & PartnersSembcorp Marine1.291.6BuyPB1.47x FY20
11/14/19UOB Kay HianSembcorp Marine1.291.17Sell
11/14/19CIMBSembcorp Marine1.291.26HoldPB1.2x CY21
11/15/19MacquarieSembcorp Marine1.281.4NeutralDCF
11/15/19DBS VickersSembcorp Marine1.281.4HoldPB1.3x FY20
12/26/19Lim & TanSembcorp Marine1.280Hold
01/21/20UOB Kay HianSembcorp Marine1.281.4Hold
02/20/20OCBCSembcorp Marine1.241.23Hold
02/21/20UOB Kay HianSembcorp Marine1.21.21HoldBuy @ $1.05
02/21/20DMG & PartnersSembcorp Marine1.21.45Buy
02/21/20DBS VickersSembcorp Marine1.21.35HoldPB1.3x FY20
02/21/20CIMBSembcorp Marine1.21.2Hold
03/10/20AmfrasersSembcorp Marine0.8951.19Neutral
04/29/20HSBCSembcorp Marine0.740.79HoldCut from $1.31
05/13/20DMG & PartnersSembcorp Marine0.7351.28BuyPB1.26x FY20
05/14/20UOB Kay HianSembcorp Marine0.710.81HoldBuy @ $0.65
05/14/20DBS VickersSembcorp Marine0.710.72HoldPB0.7x
05/14/20CIMBSembcorp Marine0.710.8HoldPB0.8x CY20
06/05/20Lim & TanSembcorp Marine0.850Hold
06/09/20DMG & PartnersSembcorp Marine0.851.13BuyPB1.1x
06/09/20Lim & TanSembcorp Marine0.850Sell
07/07/20DMG & PartnersSembcorp Marine0.471.13Buy
07/16/20DMG & PartnersSembcorp Marine0.4550.55BuyPB0.82x
07/16/20UOB Kay HianSembcorp Marine0.4550.49HoldBuy @ $0.40
07/16/20Lim & TanSembcorp Marine0.4550Avoid
08/20/20AmfrasersSembcorp Marine0.210.23NeutralPB0.8x

Sembcorp Industries - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/03/19OCBCSembcorp Industries2.473.03Buy
07/04/19MacquarieSembcorp Industries2.412.84Outperform
08/15/19CIMBSembcorp Industries2.262.83AddSum of parts
08/15/19UOB Kay HianSembcorp Industries2.262.34Hold
08/15/19Citi ResearchSembcorp Industries2.263.05Buy
08/16/19DBS VickersSembcorp Industries2.263.2BuySum of parts (10% discount), PER16x FY19, PB0.8x FY19
09/12/19DBS VickersSembcorp Industries2.213.2BuySum of parts (10% discount), PER16x FY19, PB0.8x FY19
09/12/19Lim & TanSembcorp Industries2.210Buy
09/18/19DMG & PartnersSembcorp Industries2.222.68BuySum of parts, PER9.9x FY20
09/18/19OCBCSembcorp Industries2.222.79Buy
10/07/19UOB Kay HianSembcorp Industries2.062.22HoldBuy @ $2
10/08/19CIMBSembcorp Industries2.082.83AddSum of parts
10/09/19DBS VickersSembcorp Industries2.113.2Buy
10/25/19DBS VickersSembcorp Industries2.282.9Buy
11/15/19OCBCSembcorp Industries2.292.51HoldSum of parts
11/15/19DMG & PartnersSembcorp Industries2.292.68BuySum of parts (20% discount), PER10x FY20
11/18/19UOB Kay HianSembcorp Industries2.262.19HoldBuy @ $2
11/18/19DBS VickersSembcorp Industries2.262.9BuyRNAV (10% discount), PB0.7x
11/18/19Citi ResearchSembcorp Industries2.262.8Buy
12/27/19CIMBSembcorp Industries2.282.78Add
01/21/20CIMBSembcorp Industries2.282.78Add
02/07/20DBS VickersSembcorp Industries2.162.21HoldSum of parts (10% discount), PER10.1x FY20, PB0.5x FY20
02/07/20Citi ResearchSembcorp Industries2.162.8Buy
02/07/20OCBCSembcorp Industries2.162.13Hold
02/07/20UOB Kay HianSembcorp Industries2.162.17HoldBuy @ $2.05
02/07/20Lim & TanSembcorp Industries2.160Hold
02/07/20DMG & PartnersSembcorp Industries2.162.68BuySum of parts, PER10x FY20
02/24/20DMG & PartnersSembcorp Industries2.012.33BuySum of parts, PER10x FY20
04/29/20HSBCSembcorp Industries1.572.21BuyCut from $2.68
05/19/20DBS VickersSembcorp Industries1.551.7HoldSum of parts, PB0.5x
05/19/20Lim & TanSembcorp Industries1.550Hold
05/19/20UOB Kay HianSembcorp Industries1.551.7HoldBuy @ $1.50
05/19/20CIMBSembcorp Industries1.551.76Hold
05/20/20DMG & PartnersSembcorp Industries1.552BuySum of parts
06/01/20DBS VickersSembcorp Industries1.361.7BuySum of parts (10% discount)
06/09/20DMG & PartnersSembcorp Industries1.532.11BuySum of parts
06/09/20CIMBSembcorp Industries1.532.49AddSum of parts
06/09/20Lim & TanSembcorp Industries1.530Buy
07/07/20DMG & PartnersSembcorp Industries1.872.11BuySum of parts
07/20/20UOB Kay HianSembcorp Industries1.782.2BuySum of parts
07/20/20Lim & TanSembcorp Industries1.780Accumulate
07/20/20CIMBSembcorp Industries1.782.27Add
09/02/20Lim & TanSembcorp Industries1.860Accumulate

SBS Transit - Stock calls

DateAnalystCompanyLastTargetCallValuation
08/20/20Lim & TanSBS Transit2.840Hold

Stock calls for 2 September 2020

DateAnalystCompanyLastTargetCallValuation
09/02/20DBS VickersA-Reit3.344BuyDCF
09/02/20DBS VickersARA Logistics0.6350.7BuyDCF
09/02/20DBS VickersART0.8951.1BuyDCF
09/02/20OCBCART0.8951.03Buy
09/02/20DBS VickersCapitamall Trust1.992.4BuyDCF
09/02/20UOB Kay HianCapitamall Trust1.992.55Buy
09/02/20OCBCCDL Hospitality1.050.92Sell
09/02/20MacquarieDBS20.8724.1outperform
09/02/20DBS VickersFar East Hospitality0.540.6Buy
09/02/20OCBCFar East Hospitality0.540.51Hold
09/02/20UOB Kay HianFar East Hospitality0.540.58Buy
09/02/20Lim & TanFood Empire0.620.72AccumulatePER11x
09/02/20DBS VickersFrasers Centrepoint Trust2.552.95BuyPB1.45x FY21
09/02/20UOB Kay HianFrasers Centrepoint Trust2.552.9Buy
09/02/20DBS VickersFrasers Logistics1.361.6BuyDCF
09/02/20Lim & TanKeppel Corp4.550Accumulate
09/02/20DBS VickersKeppel Reit1.051.35BuyDCF
09/02/20UOB Kay HianKeppel Reit1.051.3Buy
09/02/20MacquarieOCBC8.688.85Neutral
09/02/20CIMBOverseas Edu0.280.26Hold
09/02/20Lim & TanSembcorp Industries1.860Accumulate
09/02/20DBS VickersSoilbuild Reit0.4550.5BuyDCF
09/02/20MacquarieUOB19.6220.85Neutral
09/02/20UOB Kay HianWing Tai1.72.04BuyRNAV (30% discount)

The US property market is becoming distorted now! - Part 2

https://finance.yahoo.com/news/fed-mortgage-buying-spree-1-155915510.html

The US FED has already bought US$1T of MBS insofar and will continue to do so.  Subsequently, this will cause the US property market to be severely distorted in the future. Big bubble!

http://sg-stock.blogspot.com/2020/08/the-us-property-market-is-becoming.html

We had explained the true picture of the US property market and it was not because of the US economic resiliency.

Tuesday, September 1, 2020

The USD is depreciating just as we've predicted. - Part 2


 http://sg-stock.blogspot.com/2020/08/how-to-interpret-latest-us-feds-speech.html

The latest FED's speech has pushed the USD down further and looks set to create the kind of inflation in the future that the FED needs to reduce the debt pressure.

We had already predicted the USD depreciation below.

http://sg-stock.blogspot.com/2020/07/the-usd-is-depreciating-just-as-weve.html

SATS - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/05/19Kim EngSATS5.366.1BuyDCF
07/15/19UOB Kay HianSATS5.375.05Sell
07/19/19UOB Kay HianSATS5.324.8Sell
07/19/19DBS VickersSATS5.325HoldDCF
07/19/19CIMBSATS5.325.4HoldPER21.9x CY20
07/22/19OCBCSATS55.28HoldFCFF
07/22/19phillipSATS55.47Accumulate
07/22/19Lim & TanSATS50Hold
09/20/19Kim EngSATS4.786.1Buy
10/15/19UOB Kay HianSATS4.825.3BuyDCF
11/13/19UOB Kay HianSATS5.095.3Buy
11/14/19DBS VickersSATS4.995.06HoldDCF & PER22x FY21
11/19/19phillipSATS5.075.36AccumulateDCF, PER23.3x FY19
11/19/19OCBCSATS5.075.28Hold
11/25/19Kim EngSATS5.066.1Buy
02/04/20UOB Kay HianSATS4.494.8HoldBuy @ $4.30
02/06/20CIMBSATS4.464.07Reduce
02/14/20DBS VickersSATS4.544.46HoldDCF & PER22x FY21
02/17/20phillipSATS4.434.45NeutralDCF, PER19x FY21
03/19/20DBS VickersSATS3.122.66Fully ValuedDCF, PER15.8x FY21
03/27/20UOB Kay HianSATS3.323.96BuyPER19.4x FY22
05/04/20UOB Kay HianSATS3.283.3HoldBuy @ $2.80-2.90
05/06/20DBS VickersSATS2.982.64Fully ValuedDCF & PER25x FY22
06/01/20DBS VickersSATS2.662.64HoldDCF & PER25x
07/13/20phillipSATS2.881.95SellPB1.35x
07/13/20UOB Kay HianSATS2.882.93HoldEV/Invested capital basis
07/13/20Lim & TanSATS2.880Avoid
07/14/20DBS VickersSATS2.782.83HoldDCF & PER25x FY22
07/14/20OCBCSATS2.782.76Hold
07/14/20CIMBSATS2.782.8Reduce
08/25/20CIMBSATS3.083HoldPB2.1x FY21
08/25/20phillipSATS3.081.95SellPB1.35x
08/25/20UOB Kay HianSATS3.082.67Sell
08/25/20Lim & TanSATS3.080Avoid

Sasseur - Stock calls

 

DateAnalystCompanyLastTargetCallValuation
08/08/19DBS VickersSasseur0.80.97BuyDCF
08/13/19CIMBSasseur0.8050.94AddDDM
10/30/19UOB Kay HianSasseur0.80.97BuyDDM
11/18/19Kim EngSasseur0.8451BuyDDM
11/18/19UOB Kay HianSasseur0.8450.97Buy
11/18/19DBS VickersSasseur0.8450.97Buy
11/20/19CIMBSasseur0.850.94Add
02/21/20CIMBSasseur0.820.85Add
02/24/20DBS VickersSasseur0.8150.93BuyDCF
02/24/20Kim EngSasseur0.8150.95Buy
03/10/20UOB Kay HianSasseur0.730.92BuyDDM
04/14/20DBS VickersSasseur0.620.8BuyDCF, PB0.9x
05/15/20UOB Kay HianSasseur0.720.96BuyDDM
06/03/20DBS VickersSasseur0.80.8Buy
06/11/20AmfrasersSasseur0.7950.89OutperformDDM
08/17/20UOB Kay HianSasseur0.7750.99BuyDDM
08/18/20CIMBSasseur0.780.84Add

Sabana - Stock calls

DateAnalystCompanyLastTargetCallValuation
09/12/19DBS VickersSabana0.4550.48HoldDCF
10/25/19DBS VickersSabana0.4550.48HoldDCF
01/30/20DBS VickersSabana0.460.48HoldDCF
07/17/20DBS VickersSabana0.360.4BuyPB0.94x ESR-Reit

Stock calls for 1 September 2020

DateAnalystCompanyLastTargetCallValuation
09/01/20Kim EngComfortdelgro1.481.76BuyDCF
09/01/20UOB Kay HianFood Empire0.6250.85Buy
09/01/20UOB Kay HianFrencken0.941.37Buy
09/01/20UOB Kay HianOxley0.2250.37BuyRNAV (30% discount)
09/01/20UOB Kay HianRiverstone4.026Buy
09/01/20Lim & TanUG Healthcare2.280Accumulate
09/01/20CIMBWing Tai1.721.98AddRNAV
09/01/20DBS VickersYangzijiang0.9151.4BuySum of parts

The devious US is trying to poison all Asians now!

 https://www.porkbusiness.com/article/taiwan-lifts-ban-ractopamine-us-pork-imports

The US has managed to force Taiwan to accept a poisonous chemical, Ractopamine, in the US meat products in exchange for BTA or FTA.  Taiwan has reversed its previous stance already.

http://sg-stock.blogspot.com/2020/01/the-us-is-demanding-taiwan-to-import-us.html

This is not just happening to Taiwan.

Japan, acting in US interest, is pushing the CPTPP to ASEAN which also contains the condition to accept Ractopamine.  Fortunately, some countries still object to this and refuse to be signatories to the CPTPP.  For example, Thailand has been objecting to this harmful chemical but may succumb to the trade threats especially during the COVID outbreak period.  It is very sad that Singapore is willing to accept Ractopamine and shove it down our throats.

https://www.nationthailand.com/business/30346283

This Ractopamine affects Asians more because we eat visceral organs which will contain a much higher dosage of the chemical.

https://en.wikipedia.org/wiki/Ractopamine

Currently, there is a US petition to ban Ractopamine in animal feeds because of animal, human, and environmental safety concerns.  The US knows how harmful this chemical is to animals, humans, and our environment but the US still wants to export these chemical-laced products to Asia.

https://www.biologicaldiversity.org/programs/environmental_health/pdfs/2020-06-03-Ractopamine-Suspension-Petition--ALDF-FACT-Center.pdf

In a nutshell, Ractopamine is harmful to people with hypertension and heart diseases.  Furthermore, prolonged use will cause infertility.  Therefore, I've not been eating US pork and beef for many years already.

Monday, August 31, 2020

Roxy-Pacific - Stock calls

 

DateAnalystCompanyLastTargetCallValuation
07/15/19OCBCRoxy-Pacific0.3850.41Hold
08/05/19DBS VickersRoxy-Pacific0.390.39HoldRNAV (55% discount)

Riverstone - Stock calls

DateAnalystCompanyLastTargetCallValuation
08/13/19DBS VickersRiverstone0.91.16BuyPER14.5x FY20
11/11/19CIMBRiverstone0.9851.25Add
11/11/19DBS VickersRiverstone0.9851.16BuyPER14.5x FY20
02/27/20CIMBRiverstone1.051.3Add
02/27/20DBS VickersRiverstone1.051.34BuyPER20x FY20
05/08/20UOB Kay HianRiverstone1.211.46BuyPER22x FY20
05/13/20UOB Kay HianRiverstone1.622.15BuyPER23.7x FY20
05/13/20DBS VickersRiverstone1.622.2BuyPER26x FY20
05/14/20CIMBRiverstone1.841.86AddPER19.3x CY21
05/22/20CIMBRiverstone1.942.5AddPER22.7x CY21
05/26/20UOB Kay HianRiverstone1.872.53BuyPER23.1x FY20
06/03/20DBS VickersRiverstone2.243.09BuyPER28x FY20
06/12/20CIMBRiverstone2.253.12AddPER22.7x CY21
06/17/20UOB Kay HianRiverstone2.373.15BuyPER23.1x FY20
07/07/20UOB Kay HianRiverstone2.933.6BuyPER23.1x FY20
07/09/20CIMBRiverstone3.33.9Add
07/15/20DBS VickersRiverstone3.13.9BuyPER24x FY20
08/06/20DBS VickersRiverstone4.215.51BuyPER28.4x FY21
08/07/20UOB Kay HianRiverstone4.536BuyPER23.2x FY21
08/07/20CIMBRiverstone4.535.55Add

Rex - Stock calls

DateAnalystCompanyLastTargetCallValuation
12/12/19UOB Kay HianRex0.1670.218BuySum of parts, PB1.1x FY20
03/05/20UOB Kay HianRex0.1840.27BuySum of parts
07/22/20UOB Kay HianRex0.1880.3BuySum of parts