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Friday, September 4, 2020

SIA Engineering - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/02/19Kim EngSIA Engineering2.512.85Buy
07/05/19DBS VickersSIA Engineering2.723.01Buy
07/08/19CIMBSIA Engineering2.893.11AddDCF
07/29/19UOB Kay HianSIA Engineering2.652.55HoldDCF, Buy @ $2.40
07/29/19OCBCSIA Engineering2.652.43Hold
07/30/19Kim EngSIA Engineering2.682.85Hold
09/02/19Kim EngSIA Engineering2.432.85BuyDCF
11/04/19Lim & TanSIA Engineering2.650Hold
11/05/19UOB Kay HianSIA Engineering2.773.13Buy
11/05/19DBS VickersSIA Engineering2.773.3BuySum of parts
11/05/19OCBCSIA Engineering2.772.86Hold
11/05/19CIMBSIA Engineering2.773.3AddDCF
11/26/19Kim EngSIA Engineering2.853Buy
12/27/19CIMBSIA Engineering2.823.3Add
02/04/20UOB Kay HianSIA Engineering2.583.13BuyDDM
02/10/20Lim & TanSIA Engineering2.610Hold
02/11/20OCBCSIA Engineering2.592.41Sell
03/20/20DBS VickersSIA Engineering1.561.35Fully ValuedSum of parts
05/12/20UOB Kay HianSIA Engineering1.821.57SellDDM
06/08/20DBS VickersSIA Engineering2.222.3HoldSum of parts (15% premium)
07/20/20CIMBSIA Engineering1.961.78Hold
07/20/20DBS VickersSIA Engineering1.962.1HoldSum of parts (15% premium)
07/21/20OCBCSIA Engineering1.971.8Sell
08/18/20DBS VickersSIA Engineering1.862.4BuySum of parts

SIA - Stock calls

DateAnalystCompanyLastTargetCallValuation
08/01/19UOB Kay HianSIA9.679.5HoldSum of parts, Buy @ $9.10
08/01/19DBS VickersSIA9.6710.8BuyPB0.95x FY20
08/01/19Lim & TanSIA9.670Hold
08/02/19CIMBSIA9.210.04HoldPB0.9x CY19
09/19/19UOB Kay HianSIA9.159.5HoldSum of parts, Buy @ $8.70
10/17/19UOB Kay HianSIA9.169.5HoldBuy @ $9
11/06/19CIMBSIA9.4310HoldPB0.9x CY19
11/06/19Kim EngSIA9.4310.7BuyPB1x FY21
11/07/19OCBCSIA9.1810.46Buy
11/07/19UOB Kay HianSIA9.189.4HoldBuy @ $8.70
11/07/19DBS VickersSIA9.1810.4BuyPB0.95x FY20
01/10/20UOB Kay HianSIA8.939.1HoldSum of parts, Buy @ $8.60
01/14/20DBS VickersSIA8.9510.4Buy
01/14/20Citi ResearchSIA8.957.26BuyEx-rights target price
02/04/20UOB Kay HianSIA8.499.1HoldBuy @ $8.40
02/06/20CIMBSIA8.598.46HoldPB0.86x CY20
02/10/20DBS VickersSIA8.5810.4BuyPB0.95x FY20
02/18/20OCBCSIA8.669.9Buy
03/13/20CIMBSIA7.348HoldPB0.86x
03/19/20DBS VickersSIA6.536.6HoldPB0.85x
03/20/20OCBCSIA6.126.6Hold
03/23/20UOB Kay HianSIA6.026.6HoldBuy @ $5.7 (PB0.5x)
03/30/20UOB Kay HianSIA6.085.8HoldSum of parts, Buy @ $5.2
03/30/20Citi ResearchSIA6.082.82SellEx-rights target price
04/03/20CIMBSIA5.656.27HoldEx-rights price $4.25
04/03/20DIRSIA5.655.54Hold
05/06/20CIMBSIA5.914.45HoldPB0.84x, Ex-rights
05/15/20Citi ResearchSIA3.814Sell
05/15/20CIMBSIA3.814.6AddPB0.84x
05/18/20UOB Kay HianSIA3.94.34BuyPB0.9x
06/03/20Lim & TanSIA4.110Take Profit
06/18/20UOB Kay HianSIA4.133.8SellPB0.8x
07/16/20Lim & TanSIA3.770Sell
07/30/20DBS VickersSIA3.533.75HoldPB0.8x FY21/22
07/30/20CIMBSIA3.533.55HoldPB0.84x FY22
08/03/20UOB Kay HianSIA3.423.64HoldBuy @ $3.20
08/04/20OCBCSIA3.313.5Hold

Stock calls for 4 September 2020

DateAnalystCompanyLastTargetCallValuation
09/04/20DBS VickersComfortdelgro1.511.96BuyPB1.6x FY21
09/04/20CIMBFrasers Centrepoint Trust2.542.83AddDDM
09/04/20Lim & TanFrasers Centrepoint Trust2.540Hold
09/04/20DBS VickersParkway Life3.894Buy
09/04/20Lim & TanPenguin0.4250Buy
09/04/20CIMBSATS3.013HoldDCF & PB2.1x FY21

We warned you about the abnormality of the stock market just before the heavy fall, didn't we?

https://finance.yahoo.com/news/mystery-solved-days-vix-warned-172725636.html

We did warn about the abnormality in the synchronization of VIX and S&P just before the heavy market fall.

http://sg-stock.blogspot.com/2020/09/different-market-sectors-are-in.html


Thursday, September 3, 2020

Sheng Siong - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/02/19DMG & PartnersSheng Siong1.11.23Buy
07/15/19phillipSheng Siong1.11.3BuyPER25x
07/16/19Kim EngSheng Siong1.090.95SellDCF
07/30/19DMG & PartnersSheng Siong1.111.32BuyDCF
07/30/19DBS VickersSheng Siong1.111.32BuyPER25x FY20
07/31/19Kim EngSheng Siong1.150.96SellDCF
07/31/19OCBCSheng Siong1.151.19Buy
07/31/19CIMBSheng Siong1.151.25Add
08/01/19phillipSheng Siong1.161.3AccumulatePER25x FY19
08/06/19AmfrasersSheng Siong1.161.27Outperform
08/13/19Kim EngSheng Siong1.180.96SellDCF
08/23/19DMG & PartnersSheng Siong1.161.32Buy
09/11/19DMG & PartnersSheng Siong1.21.32Buy
10/01/19DBS VickersSheng Siong1.111.32BuyPER25x FY20
10/02/19DMG & PartnersSheng Siong1.131.32BuyDCF
10/11/19phillipSheng Siong1.161.3Accumulate
10/14/19Kim EngSheng Siong1.150.96SellDCF
11/01/19UOB Kay HianSheng Siong1.171.27HoldBuy @ $1.14
11/01/19DMG & PartnersSheng Siong1.171.32Buy
11/01/19Kim EngSheng Siong1.171SellDCF
11/01/19DBS VickersSheng Siong1.171.32Buy
11/04/19phillipSheng Siong1.181.32AccumulatePER25x
11/04/19AmfrasersSheng Siong1.181.35Outperform
11/04/19CIMBSheng Siong1.181.3AddPER22.5x CY20
11/04/19OCBCSheng Siong1.181.21Hold
12/10/19DMG & PartnersSheng Siong1.241.39BuyDCF
01/06/20DBS VickersSheng Siong1.31.32Buy
01/08/20DMG & PartnersSheng Siong1.261.39Buy
01/13/20UOB Kay HianSheng Siong1.271.29HoldBuy @ $1.19
01/23/20DBS VickersSheng Siong1.261.41BuyPER25x FY20
02/19/20CIMBSheng Siong1.291.46AddPER24x
02/24/20phillipSheng Siong1.291.41AccumulatePER25x FY20
02/24/20DMG & PartnersSheng Siong1.291.42BuyDCF & PER22x
02/24/20DBS VickersSheng Siong1.291.45BuyPER25x FY20
02/25/20OCBCSheng Siong1.291.45Buy
03/10/20AmfrasersSheng Siong1.211.4Outperform
03/18/20DMG & PartnersSheng Siong1.051.42BuyDCF
04/06/20DBS VickersSheng Siong1.221.45Buy
04/06/20CIMBSheng Siong1.221.42Add
04/09/20DMG & PartnersSheng Siong1.311.42BuyDCF
04/15/20DBS VickersSheng Siong1.351.5Buy
04/22/20DBS VickersSheng Siong1.451.56Buy
04/29/20DMG & PartnersSheng Siong1.461.63BuyDCF
04/29/20DBS VickersSheng Siong1.461.58BuyPER25x FY20
04/29/20Lim & TanSheng Siong1.460Hold
04/30/20phillipSheng Siong1.491.58AccumulatePER25x
04/30/20UOB Kay HianSheng Siong1.491.5HoldBuy @ $1.35
04/30/20OCBCSheng Siong1.491.64Buy
05/01/20AmfrasersSheng Siong1.491.46Neutral
05/19/20DBS VickersSheng Siong1.561.66BuyPER25x FY21
05/29/20DMG & PartnersSheng Siong1.521.72BuyDCF
06/08/20DMG & PartnersSheng Siong1.561.72BuyDCF
06/22/20phillipSheng Siong1.540Hold
07/30/20DBS VickersSheng Siong1.731.91BuyPER25x FY21
08/03/20phillipSheng Siong1.71.65NeutralPER25x FY21
08/03/20DMG & PartnersSheng Siong1.71.87BuyDCF
08/04/20OCBCSheng Siong1.691.85Hold
08/06/20AmfrasersSheng Siong1.841.58Neutral

Shangri-La Asia - Stock calls

DateAnalystCompanyLastTargetCallValuation
08/26/19OCBCShangri-La Asia8.313.9Buy

SGX - Stock calls

DateAnalystCompanyLastTargetCallValuation
07/15/19phillipSGX7.998.09AccumulatePER21.4x
07/15/19Credit SuisseSGX7.997.1Underperform
07/15/19Citi ResearchSGX7.997.23Sell
08/01/19DMG & PartnersSGX7.928.1NeutralPER23x FY20
08/01/19DBS VickersSGX7.928.3BuyDDM
08/02/19phillipSGX7.788.09AccumulatePER21x
08/05/19CIMBSGX7.988.1HoldPER21.5x
08/05/19JefferiesSGX7.989Buy
10/02/19phillipSGX8.58.6AccumulatePER22x
10/02/19JefferiesSGX8.59Hold
10/02/19Citi ResearchSGX8.58Sell
10/02/19OCBCSGX8.57.6Hold
10/09/19DMG & PartnersSGX8.48.1NeutralPER23x FY20
10/09/19Credit SuisseSGX8.47.2Underperform
10/25/19DMG & PartnersSGX8.288.3NeutralPER23x FY20
10/25/19CIMBSGX8.289AddPER22.4x FY20
10/25/19OCBCSGX8.288.6HoldPER22x FY20
10/25/19DBS VickersSGX8.288.9BuyDDM, PER21x FY20
11/25/19phillipSGX8.978.6NeutralPER22x
11/25/19Credit SuisseSGX8.977.7Underperform
11/25/19Citi ResearchSGX8.978.75Hold
01/02/20DMG & PartnersSGX8.868.8NeutralPER23x FY21
01/24/20DBS VickersSGX8.829.6BuyDDM, PER21x FY21
01/31/20phillipSGX8.78.52NeutralPER21.5x
02/19/20MacquarieSGX9.1510Outperform
02/19/20JefferiesSGX9.159.2Hold
03/05/20MacquarieSGX9.0510Outperform
03/05/20CIMBSGX9.059.4Add
03/05/20Citi ResearchSGX9.059.6Buy
03/13/20Credit SuisseSGX8.698.7Neutral
04/07/20DMG & PartnersSGX9.339.1NeutralPER23x FY21
04/07/20Citi ResearchSGX9.3310.8Buy
04/07/20CIMBSGX9.3310.5Add
04/07/20JefferiesSGX9.339.3Hold
04/24/20Citi ResearchSGX10.1610Hold
04/24/20DMG & PartnersSGX10.169.7NeutralPER24x FY21
04/24/20Lim & TanSGX10.160Sell
04/27/20phillipSGX9.649.28NeutralPER21.4x
04/27/20DBS VickersSGX9.6410HoldDDM
04/27/20OCBCSGX9.649.3HoldPER23.3x FY21
04/27/20JefferiesSGX9.649.1Hold
05/28/20MacquarieSGX8.7511Outperform
05/28/20DMG & PartnersSGX8.758.6HoldPER24x FY21
05/28/20DBS VickersSGX8.757.4Fully ValuedDDM
05/28/20CIMBSGX8.758Reduce
05/28/20OCBCSGX8.758SellPER21.6x FY21
05/28/20JefferiesSGX8.758.5HoldPER23.5x
05/28/20Lim & TanSGX8.750Buy on weakness
06/24/20DMG & PartnersSGX89.2BuyPER24x FY21
06/30/20DBS VickersSGX8.067.4Fully Valued
06/30/20CIMBSGX8.068Hold
07/01/20DMG & PartnersSGX8.349.2Buy
07/09/10Lim & TanSGX8.260Trading Buy
08/03/20phillipSGX8.179.45BuyPER21.4x
08/03/20CIMBSGX8.179Add
08/03/20DMG & PartnersSGX8.179.2BuyPER24x FY21
08/03/20DBS VickersSGX8.178.4HoldDDM, PER21x FY21
08/03/20OCBCSGX8.178.3HoldPER21.3x FY21
08/26/20DMG & PartnersSGX8.639.5BuyPER24x FY21

Stock calls for 3 September 2020

DateAnalystCompanyLastTargetCallValuation
09/03/20Lim & TanBukit Sembawang3.690Buy
09/03/20CIMBCenturion0.350.4AddDCF
09/03/20CIMBIHH Healthcare1.752AddRinggit $6.10 target price
09/03/20JefferiesMapletree Commercial1.992.25Buy
09/03/20Lim & TanPropnex0.570.69Buy
09/03/20JefferiesSuntec Reit1.421.7Buy
09/03/20OCBCWing Tai1.712.01Buy

The US ISM PMI improved again in August 2020.


The prices increased to 59.5 (+6.3) because of a significant depreciation in USD and a huge increase in the new order (67.6, +6.1). The new export and local orders increased significantly because of the weakening USD and pandemic relief aid ($300/weekly) respectively which sustained the consumer spendings. As stated previously on my blog, the US is still undergoing a passive inventory reduction phase which explains the drop in PMI inventories.

http://sg-stock.blogspot.com/2020/08/how-do-you-interpret-ppi-vs-cpi-and.html

However, the production had improved to 63.3 which might indicate that the inventory reduction phase would end soon. Overall, the PMI had risen to 56 which was a good indication of positive economic growth in the US.

Different market sectors are in distortions now.

 US treasury market

The US treasury prices have been trending up because the yields have been falling.  The yield has an inverse relationship to its bond price.

S&P vs VIX chart
The S&P and VIX should also have an inverse relationship but the S&P and VIX moved in sync (Trending up) recently which was abnormal.

The US properties, MBS, CMBS and car resale markets are also distorted now.

http://sg-stock.blogspot.com/2020/08/market-distortions-are-precursors-of.html

In a nutshell, the US treasury prices, S&P and VIX shouldn't be moving in sync (trending up) simultaneously because there will be asset reallocations when the risks are higher.  The US FED has disrupted all these markets!

Wednesday, September 2, 2020

The devious US is trying to poison all Asians now! - Part 2

 http://sg-stock.blogspot.com/2020/09/the-devious-us-is-trying-to-poison-all.html

I would like to share more information about this topic so that my readers can make their own informed decisions.

Ractopamine is banned in more than 160 countries while only 26 countries (includes SG) permit it.  The codex standard is 10ppb for ractopamine but this codex standard is set up by these 26 countries.

Why is SG conforming to the minority standard instead of the majority standard whereby more than 160 countries ban ractopamine?  Therefore, I can only say that SG is basing this on its political concern rather than food or health safety concerns.  It is very disheartening to see SG making such a decision and ignore our health.