Avi-Tech - Stock calls

02/09/17	Lim & Tan	Avi-Tech	0.335	0	Buy
03/29/17	DMG & Partners	Avi-Tech	0.4	0.52	Buy	DCF, PER5.7x FY18, Ex-cash
05/15/17	DMG & Partners	Avi-Tech	0.44	0.52	Buy	DCF
08/07/17	DMG & Partners	Avi-Tech	0.51	0.52	Buy
08/21/17	DMG & Partners	Avi-Tech	0.47	0.59	Buy	DCF, PER12x FY18
08/21/17	Lim & Tan	Avi-Tech	0.47	0	Buy
11/14/17	DMG & Partners	Avi-Tech	0.525	0.59	Buy	DCF, PER12x FY18

Auric Pacific - Stock calls.

11/10/16	CIMB	Auric Pacific	1.18	1.96	Add	Sum of parts (25% discount), Up from $1.69
12/06/16	CIMB	Auric Pacific	1.38	1.96	Add
02/08/17	CIMB	Auric Pacific	1.65	1.96	Add	Sum of parts (25% discount), PER10.9x FY16, Reject $1.65 offer

Astaka - Stock calls

08/24/17

NRA

Astaka

0.092

0.13

Overweight

RNAV (56% discount)

Baltic dry index - 1371

Today, Friday, November 17 2017, the Baltic Dry Index climbed by 10 points, reaching 1371 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 stocks: Sembcorp Marine, Cosco & Pan Ocean.

US rig count - 915

HOUSTON (AP) - The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 915.

That's up from the 588 rigs that were active a year ago.

Houston oilfield services company Baker Hughes said Friday that 738 rigs sought oil and 177 explored for natural gas this week.

Among major oil- and gas-producing states, Texas gained seven rigs, Louisiana added four and Ohio and Utah were up one apiece.

Alaska, Colorado, New Mexico, North Dakota, Oklahoma and Wyoming declined by one each.

Arkansas, California, Pennsylvania and West Virginia were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.

===========================

Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Robot is getting more human like now.

Can you do a backflip like this robot?

Alibaba Jack Ma's movie 功守道

Enjoy!

China has responded finally to Singapore invitation to part take in the HSR tender.

https://www.channelnewsasia.com/news/singapore/china-gears-up-to-woo-singapore-in-bid-for-high-speed-rail-9415766

Look like our PM Lee's visit to China has paid off.  China has reciprocated by responding to SG's invitation albeit much later than Japan (August 2017).  This is a goodwill gesture by China.

http://sg-stock.blogspot.sg/2017/09/why-is-china-so-blase-about-singapore.html

http://www.channelnewsasia.com/news/singapore/japan-courts-singapore-in-bid-for-high-speed-rail-project-to-kl-9163550#cxrecs_s

Saudi Arab has a huge budget deficit that it is trying to fill.

https://sg.finance.yahoo.com/news/saudi-officials-reportedly-offer-freedom-095000659.html

Saudi's national budget is based on around USD$80 oil but the oil prices have been hovering at around USD$55 now.  Therefore, there is a significant shortfall in the budget.

How is Saudi going to make up for the shortfall?

By imposing a 70% confiscation of wealth on the arrested parties.

Fitch downgraded Noble Group after DBS dumped Noble.

https://sg.finance.yahoo.com/news/fitch-lowers-noble-group-rating-says-default-appears-095447764--finance.html

Default risk is definitely much higher than before now especially when more banks start to dump Noble.

Aspen - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/29/17	CIMB	Aspen	0.23	0.29	Add
10/20/17	DMG & Partners	Aspen	0.22	0.31	Buy	RNAV (45% discount)
11/14/17	CIMB	Aspen	0.22	0.29	Add	RNAV (45% discount)

Asiaphos - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/18/16	NRA	Asiaphos	0.089	0.225	Overweight	PB2.3x FY15
05/09/16	NRA	Asiaphos	0.092	0.225	Overweight	Sum of parts
08/16/16	NRA	Asiaphos	0.088	0.195	Overweight
11/15/16	NRA	Asiaphos	0.082	0.195	Overweight
09/14/17	NRA	Asiaphos	0.095	0.167	Overweight

Stock calls for 17 November 2017

Date	Analyst	Company	Last	Target	Call	Valuation
11/17/17	Lim & Tan	Capitaland	3.53	0	Buy
11/17/17	phillip	China Everbright	0.445	0.59	Buy	PER17.4x FY18
11/17/17	Kim Eng	Guocoland	2.19	2.9	Buy
11/17/17	Kim Eng	Ho Bee	2.53	3	Buy
11/17/17	CIMB	Keppel Corp	7.28	8.58	Add
11/17/17	DBS Vickers	Mermaid Maritime	0.138	0.14	Hold	PB0.6x
11/17/17	Phillip	RE & S	0.22	0	Subscribe	IPO

Singapore non-oil domestic exports (NODX) - Part 7

http://www.businesstimes.com.sg/government-economy/quick-takes-singapores-export-rebound-could-mask-slowing-electronics-output

Year on year changes:

October 2017: 20.9%

September 2017: -1.1%

August 2017: 16.7%

July 2017: 8.5%

June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Dec 2016: 9.1%
Nov 2016: 15.6%

https://sg-stock.blogspot.sg/2017/10/singapore-non-oil-domestic-exports-nodx.html

Chinese bike-sharing firm has gone bankrupt.

http://en.people.cn/n3/2017/1116/c90000-9293509.html

This is not surprising even though China has 1.4B people because the shared bike business model is a flawed concept.

We reported this before.

https://sg-stock.blogspot.sg/2017/08/shared-bikes-business-model-is-flawed.html

Ascendas India Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/16	DBS Vickers	Ascendas India Trust	0.87	0.9	Hold	DDM
01/25/16	DBS Vickers	Ascendas India Trust	0.765	0.91	Buy	DDM
03/21/16	DBS Vickers	Ascendas India Trust	0.845	1.03	Buy	DDM
04/28/16	DBS Vickers	Ascendas India Trust	0.935	1.02	Buy
07/25/16	DBS Vickers	Ascendas India Trust	1	1.06	Buy
07/29/16	DBS Vickers	Ascendas India Trust	1.02	1.07	Buy
08/16/16	DBS Vickers	Ascendas India Trust	1.075	1.07	Buy
10/26/16	DBS Vickers	Ascendas India Trust	1.075	1.13	Buy	DDM
01/09/17	DBS Vickers	Ascendas India Trust	1.025	1.13	Buy	DDM
02/01/17	DBS Vickers	Ascendas India Trust	1.05	1.12	Buy	DDM
02/01/17	Lim & Tan	Ascendas India Trust	1.05	0	Hold
04/27/17	DBS Vickers	Ascendas India Trust	1.135	1.2	Buy	DDM
07/25/17	DBS Vickers	Ascendas India Trust	1.16	1.15	Hold	DDM
10/26/17	DBS Vickers	Ascendas India Trust	1.145	1.15	Hold	DDM

Ascendas Hospitality Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/16	DBS Vickers	Ascendas Hospitality Trust	0.75	0.77	Buy	DCF FY17
04/06/16	DBS Vickers	Ascendas Hospitality Trust	0.765	0.77	Hold	DCF
04/06/16	Lim & Tan	Ascendas Hospitality Trust	0.765	0	Trading Sell
05/13/16	DBS Vickers	Ascendas Hospitality Trust	0.69	0.8	Buy
08/12/16	DBS Vickers	Ascendas Hospitality Trust	0.735	0.8	Buy
10/18/16	DBS Vickers	Ascendas Hospitality Trust	0.73	0.8	Buy
11/10/16	DBS Vickers	Ascendas Hospitality Trust	0.735	0.84	Buy	DCF FY18
01/09/17	DBS Vickers	Ascendas Hospitality Trust	0.715	0.84	Buy	DCF
06/19/17	DBS Vickers	Ascendas Hospitality Trust	0.81	0.88	Buy	DCF

Stock calls for 16 November 2017

Date	Analyst	Company	Last	Target	Call	Valuation
11/16/17	CIMB	Mermaid Maritime	0.138	0.14	Reduce	PB0.4x CY17
11/16/17	DBS Vickers	Procurri	0.235	0.18	Fully Valued	RNAV (6% discount)
11/16/17	DBS Vickers	Religare Health Trust	0.895	0.85	Hold	DDM, Offer $0.90
11/16/17	CIMB	Religare Health Trust	0.895	0.92	Hold	DDM, PB1.08x
11/16/17	OCBC	Singapore Myanmar	0.45	0.665	Buy	PER16x FY19
11/16/17	DBS Vickers	Singapore Post	1.28	1.23	Hold	DCF
11/16/17	Kim Eng	Singapore Post	1.28	1.5	Buy	DCF
11/16/17	UOB Kay Hian	Singapore Post	1.28	1.34	Hold	Sum of parts, Buy @ $1.20
11/16/17	CIMB	Singapore Post	1.28	1.28	Hold	DCF
11/16/17	OCBC	Singapore Post	1.28	1.26	Hold
11/16/17	Lim & Tan	Singtel	3.69	0	Buy
11/16/17	DMG & Partners	Spackman	0.112	0.2	Buy	DCF, PER15x FY18
11/16/17	DBS Vickers	Wilmar	3.22	3.5	Hold	DCF, PER15x FY18

Hong Kong security is getting worse. Stay away from South Asians in HK.

Please stay away from South Asians in Hong Kong because they're getting bolder and no longer respect the laws.  Many of them have joined the HK triads.  The South Asians are Pakistani, Indian and Bangladeshi.

This drunk Pakistani pushed a female cleaner down the MRT platform.

Just look at this South Asian who robbed a jewellery shop in daylight with a hammer.

3 South Asians fought with elderly Hongkongers in the MRT.

http://www.thestandard.com.hk/section-news.php?id=188650&sid=4

Oct 2017 News

Quote:

According to the police, 13 men - 10 South Asians and three Hong Kong Chinese - burst into the B&B Mongkok Hotel on the 16th floor of Kingland Apartments on Nathan Road shortly before 1am yesterday.

Two South Asians then knocked on the door of two mainlanders staying in the guesthouse and rushed in when the door was opened.

They slapped and manhandled the two men before leaving with a backpack containing HK$2.3 million in cash and an iPhone worth HK$8,000.

End Quote.

Trump offered to mediate on South China Sea issue but Duterte slapped him in the face.

http://www.khmertimeskh.com/5090214/trump-offers-mediate-south-china-sea/

Duterte rejected Trump's offer outright because he knew the ulterior motive of Trump.  Trump is not really genuine in mediating the South China Sea issue and he just wants to stir more troubles in South China Sea for USA political interest.

Duterte saw through Trump's ruse immediately because the USA would create troubles wherever it was involved and the Middle East was a superb example.