Philippines knew what Trump was up to with this ASEAN visit. Therefore, the Philippines protested against Trump prior to his visitation.
http://www.thesundaily.my/news/2017/11/12/philippine-protest-ahead-summit
China Premier stayed behind in the Philippines after the ASEAN summit to discuss and sign 14 agreements between China & Philippines. Furthermore, Philippines had proposed to China that it's willing to be the facilitator between China and ASEAN. However, this point was not highlighted in the news but caught the attention of some news channel. I learnt about this from some Chinese media channel. Therefore, we can foresee that the Philippines will play a more proactive role in forging the bridge between China and ASEAN and Singapore will lose its importance over time in ASEAN.
https://thediplomat.com/2017/11/chinese-premier-china-philippines-relations-as-warm-as-manilas-weather/
http://www.philstar.com/headlines/2017/11/15/1759226/14-agreements-between-china-and-philippines-signed
No wonder Duterte rejected Trump as the mediator in South China Sea because the Philippines wanted to be the ASEAN facilitator.
http://sg-stock.blogspot.sg/2017/11/trump-offered-to-mediate-on-south-china.html
China and Philippines are the biggest winners for this ASEAN summit as China has settled the South China Sea issue with Philippines and Vietnam.
Sunday, November 19, 2017
Sigh! USA destroyer collided in Japan sea. This is the 5th time this year.
http://abcnews.go.com/US/us-warship-collides-japanese-tug-boat-latest-mishap/story?id=51242298
The USA destroyer is very good at causing damages to commercial vessels.
I think the USA destroyer is built for destroying commercial vessels, not other military vessels as proclaimed.
It had collided with a container ship, oil tanker, tug boat, etc.
Well done!
The USA destroyer is very good at causing damages to commercial vessels.
I think the USA destroyer is built for destroying commercial vessels, not other military vessels as proclaimed.
It had collided with a container ship, oil tanker, tug boat, etc.
Well done!
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 |
Saturday, November 18, 2017
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.
==========================
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
Friday, November 17, 2017
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
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.
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.
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:
https://sg-stock.blogspot.sg/2017/10/singapore-non-oil-domestic-exports-nodx.html
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%
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%
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
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
Thursday, November 16, 2017
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 |
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