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Friday, January 26, 2018

Manulife US Reit - Stock calls


Date Analyst Company Last Target Call Valuation
06/22/16 Deutsche Manulife US Reit 0.81 0.9 Buy
07/05/16 DBS Vickers Manulife US Reit 0.825 0.91 Buy DCF
07/18/16 DBS Vickers Manulife US Reit 0.86 0.93 Buy
07/26/16 Deutsche Manulife US Reit 0.86 0.9 Buy
08/16/16 DBS Vickers Manulife US Reit 0.845 0.93 Buy
10/10/16 DBS Vickers Manulife US Reit 0.82 0.93 Buy DCF
11/04/16 Lim & Tan Manulife US Reit 0.845 0.93 Buy
11/08/16 DBS Vickers Manulife US Reit 0.84 0.93 Buy DCF
11/08/16 Religare Manulife US Reit 0.84 0.95 Buy
11/16/16 Deutsche Manulife US Reit 0.815 0.95 Buy
11/23/16 DMG & Partners Manulife US Reit 0.8 0.96 Buy DDM
12/07/16 Deutsche Manulife US Reit 0.83 0.95 Buy
01/03/17 DMG & Partners Manulife US Reit 0.83 0.96 Buy DDM
01/05/17 Lim & Tan Manulife US Reit 0.835 0 Buy
01/09/17 DBS Vickers Manulife US Reit 0.84 0.93 Buy DCF
02/14/17 DBS Vickers Manulife US Reit 0.86 0.95 Buy DCF
02/14/17 DMG & Partners Manulife US Reit 0.86 0.96 Buy DDM
02/28/17 Deutsche Manulife US Reit 0.84 0.95 Buy
03/10/17 DMG & Partners Manulife US Reit 0.84 0.96 Buy
04/07/17 DMG & Partners Manulife US Reit 0.835 0.96 Buy
05/03/17 DBS Vickers Manulife US Reit 0.84 1.01 Buy DCF
05/04/17 DMG & Partners Manulife US Reit 0.85 0.96 Buy
05/08/17 Lim & Tan Manulife US Reit 0.865 0 Buy
06/21/17 DMG & Partners Manulife US Reit 0.885 0.99 Buy DDM
06/21/17 Lim & Tan Manulife US Reit 0.885 0 Buy on weakness
06/22/17 Deutsche Manulife US Reit 0.89 0.95 Buy
07/12/17 DMG & Partners Manulife US Reit 0.915 0.99 Buy
08/10/17 DMG & Partners Manulife US Reit 0.925 1 Buy DDM
08/10/17 DBS Vickers Manulife US Reit 0.925 1.07 Buy DCF
08/10/17 Lim & Tan Manulife US Reit 0.925 1 Buy
08/10/17 Deutsche Manulife US Reit 0.925 1 Buy
09/04/17 Lim & Tan Manulife US Reit 0.965 0 Buy
09/05/17 DMG & Partners Manulife US Reit 0.94 0.98 Buy DDM, Ex-Rights 41-for-100 @ $0.695
11/06/17 DMG & Partners Manulife US Reit 0.905 0.98 Buy DDM
11/29/17 DBS Vickers Manulife US Reit 0.865 0.99 Buy DCF
12/19/17 DMG & Partners Manulife US Reit 0.93 0.98 Buy
01/03/18 Lim & Tan Manulife US Reit 0.93 1 Buy
01/04/18 Deutsche Manulife US Reit 0.94 1 Buy
01/05/18 DMG & Partners Manulife US Reit 0.935 0.98 Buy

Mandarin Oriental - Stock calls


Date Analyst Code Company Last Target Call Percent Valuation
03/03/17 Nomura M04 Mandarin Oriental 1.275 1.06 Reduce -16.86
06/06/17 Nomura M04 Mandarin Oriental 1.71 1.73 Neutral 1.17

Stock calls for 26 January 2018


Date Analyst Company Last Target Call Valuation
01/26/18 Phillip A-Reit 2.75 2.89 Accumulate DDM, PB1.36x FY18
01/26/18 OCBC A-Reit 2.75 2.69 Hold
01/26/18 DBS Vickers A-Reit 2.75 2.85 Buy
01/26/18 CIMB A-Reit 2.75 2.88 Add
01/26/18 DMG & Partners Breadtalk 1.72 2.09 Buy Sum of parts
01/26/18 Kim Eng CapitaCommercial 1.9 1.8 Hold
01/26/18 DMG & Partners CapitaCommercial 1.9 1.63 Sell DDM
01/26/18 OCBC CapitaCommercial 1.9 1.84 Hold
01/26/18 DBS Vickers CapitaCommercial 1.9 2.1 Buy DCF
01/26/18 CIMB CapitaCommercial 1.9 1.84 Hold
01/26/18 Phillip Capitamall Trust 2.1 2.03 Neutral DDM, PB1.02x
01/26/18 UOB Kay Hian Capitamall Trust 2.1 2.04 Hold DDM
01/26/18 DBS Vickers Capitamall Trust 2.1 2.19 Buy
01/26/18 UOB Kay Hian Frasers Hospitality Trust 0.81 0.9 Buy DDM
01/26/18 DMG & Partners Golden Energy 0.475 0.68 Buy DCF & PER13.1x FY18
01/26/18 OCBC Keppel Corp 8.58 9.45 Buy
01/26/18 UOB Kay Hian Keppel Corp 8.58 9.3 Buy Sum of parts
01/26/18 DBS Vickers Keppel Corp 8.58 10.2 Buy
01/26/18 Lim & Tan Keppel Corp 8.58 0 Buy on weakness
01/26/18 CIMB Keppel Corp 8.58 10 Add Sum of parts
01/26/18 CIMB Mapletree Commercial 1.68 1.75 Buy DDM
01/26/18 DBS Vickers Netlink 0.83 0.95 Buy DCF
01/26/18 UOB Kay Hian Singapore Medical 0.63 0.83 Buy PER26.8x FY18, PEG0.3x
01/26/18 DBS Vickers Singtel 3.62 4.3 Buy Sum of parts
01/26/18 DBS Vickers Starhub 2.97 2.2 Fully Valued DCF
01/26/18 UOB Kay Hian Suntec Reit 2.14 2.13 Hold DDM
01/26/18 OCBC UOB 27.98 30.1 Buy PB1.3x FY18

Thursday, January 25, 2018

Noble reacted to the restructuring news after our posting.

http://sg-stock.blogspot.sg/2018/01/great-news-noble-group-has-struck-35b.html

We posted the restructuring news at 1:04pm and nobody knew about the news since the price was falling based on the hourly price charts (Yahoo Finance).  Thereafter, people caught hold of the news and bought Noble Group resulting in the price moving higher before the halt.

M1 - Stock calls


Date Analyst Company Last Target Call Valuation
01/14/16 DIR M1 2.68 2.87 Outperform DDM, PER13.4x FY16
01/18/16 Citigroup M1 2.6 2.56 Hold
01/18/16 DMG & Partners M1 2.6 3.2 Buy DCF
01/18/16 OCBC M1 2.6 2.95 Buy DCF
01/19/16 CIMB M1 2.61 3.1 Hold DCF
01/19/16 Credit Suisse M1 2.61 2.15 Underperform
01/19/16 DBS Vickers M1 2.61 2.6 Hold DCF
01/19/16 DIR M1 2.61 2.94 Outperform DDM
01/19/16 Kim Eng M1 2.61 3.09 Hold DCF
01/19/16 Lim & Tan M1 2.61 0 Buy
01/19/16 Nomura M1 2.61 2.95 Neutral
01/19/16 UOB Kay Hian M1 2.61 3.34 Buy DCF
01/26/16 Deutsche M1 2.24 3.9 Buy
01/26/16 DIR M1 2.24 2.94 Buy DDM
02/19/16 Credit Suisse M1 2.52 2.15 Underperform
02/19/16 DBS Vickers M1 2.52 2.6 Hold
02/19/16 DMG & Partners M1 2.52 3.2 Buy
02/19/16 UOB Kay Hian M1 2.52 3.34 Buy
02/22/16 CIMB M1 2.54 3.1 Hold
02/22/16 Nomura M1 2.54 3.3 Buy
03/04/16 Citigroup M1 2.54 2.82 Buy
03/04/16 Deutsche M1 2.54 3.9 Buy
03/15/16 CIMB M1 2.57 3.1 Hold
03/16/16 OCBC M1 2.59 2.95 Buy
03/17/16 UOB Kay Hian M1 2.58 3.34 Buy
03/21/16 Credit Suisse M1 2.59 2.15 Underperform
03/28/16 UOB Kay Hian M1 2.7 3.02 Buy Probability weighted target
03/29/16 Nomura M1 2.6 3.3 Buy
04/13/16 CIMB M1 2.47 2.4 Hold DCF
04/13/16 Credit Suisse M1 2.47 2.15 Underperform
04/14/16 Credit Suisse M1 2.48 2.05 Underperform
04/14/16 DBS Vickers M1 2.48 2.56 Hold DCF
04/14/16 DMG & Partners M1 2.48 3.2 Buy
04/14/16 Lim & Tan M1 2.48 0 Hold
04/14/16 OCBC M1 2.48 2.9 Buy DCF
04/14/16 UOB Kay Hian M1 2.48 3.02 Buy Probability weighted target
05/10/16 UOB Kay Hian M1 2.41 3.02 Buy Probability weighted target
05/12/16 UOB Kay Hian M1 2.37 2.14 Sell
05/26/16 DIR M1 2.35 2.94 Buy DDM
06/06/16 DBS Vickers M1 2.42 2.6 Buy
06/13/16 Kim Eng M1 2.55 3.09 Hold
06/15/16 UOB Kay Hian M1 2.52 2.14 Sell
06/21/16 DIR M1 2.43 2.94 Buy DDM
07/07/16 Credit Suisse M1 2.74 2.05 Underperform
07/11/16 DBS Vickers M1 2.78 3.3 Buy
07/14/16 UOB Kay Hian M1 2.89 2.14 Sell
07/18/16 CIMB M1 2.78 2.8 Hold DCF
07/18/16 Citigroup M1 2.78 2.98 Hold
07/18/16 DBS Vickers M1 2.78 3.3 Buy
07/18/16 DIR M1 2.78 3.38 Buy DDM
07/18/16 DMG & Partners M1 2.78 3.02 Neutral DCF
07/18/16 Kim Eng M1 2.78 2.94 Hold DCF
07/18/16 Nomura M1 2.78 3.25 Buy
07/18/16 OCBC M1 2.78 2.79 Hold DCF
07/18/16 UOB Kay Hian M1 2.78 2 Sell
08/05/16 DIR M1 2.8 3.38 Buy DDM
08/22/16 DBS Vickers M1 2.72 2.85 Hold
08/22/16 UOB Kay Hian M1 2.72 2.39 Sell
08/26/16 Credit Suisse M1 2.73 2.05 Underperform
09/02/16 CIMB M1 2.66 2.8 Hold DCF
09/02/16 Credit Suisse M1 2.66 2 Underperform
09/02/16 OCBC M1 2.66 2.79 Hold
09/02/16 UOB Kay Hian M1 2.66 2 Sell
09/05/16 Kim Eng M1 2.61 2.04 Sell DCF
09/06/16 Citigroup M1 2.53 2.4 Sell
09/22/16 DBS Vickers M1 2.39 2.15 Fully Valued DCF
09/22/16 Deutsche M1 2.39 3.1 Buy
10/04/16 DIR M1 2.44 2.41 Hold DDM
10/19/16 CIMB M1 2.33 2.55 Hold DCF
10/19/16 DBS Vickers M1 2.33 1.97 Fully Valued DCF
10/19/16 Deutsche M1 2.33 2.9 Buy
10/19/16 DIR M1 2.33 2.23 Hold DDM
10/19/16 Kim Eng M1 2.33 1.9 Sell DCF
10/19/16 Lim & Tan M1 2.33 0 Sell
10/19/16 Nomura M1 2.33 2 Reduce
10/19/16 OCBC M1 2.33 2.25 Hold DCF
10/19/16 UOB Kay Hian M1 2.33 1.76 Sell DCF
11/14/16 DIR M1 2.06 2.23 Hold DDM
11/17/16 OCBC M1 2.04 2.25 Hold
11/18/16 DBS Vickers M1 1.995 1.97 Fully Valued
11/18/16 Nomura M1 1.995 1.75 Reduce
11/21/16 CIMB M1 1.935 2.1 Hold DCF
11/21/16 UOB Kay Hian M1 1.935 1.76 Sell
12/06/16 CIMB M1 2 2.1 Hold DCF
12/07/16 Deutsche M1 1.985 2.9 Buy
12/09/16 OCBC M1 2.02 2.08 Hold
12/13/16 Kim Eng M1 2.03 1.9 Sell DCF
12/15/16 Credit Suisse M1 2.02 1.65 Underperform
12/15/16 DBS Vickers M1 2.02 1.78 Fully Valued DCF
12/15/16 UOB Kay Hian M1 2.02 1.76 Sell
12/27/16 DMG & Partners M1 1.915 2.05 Neutral
01/03/17 UOB Kay Hian M1 1.96 1.76 Sell
01/12/17 CIMB M1 2.06 1.9 Hold DCF, Buy below $1.56
01/12/17 Deutsche M1 2.06 2.6 Buy
01/13/17 Credit Suisse M1 2.08 1.65 Underperform
01/13/17 DBS Vickers M1 2.08 2.09 Hold DCF
01/13/17 DMG & Partners M1 2.08 2.05 Neutral DCF
01/17/17 DIR M1 2.08 2.02 Hold DDM
01/18/17 UOB Kay Hian M1 2.09 2.5 Buy DCF
01/25/17 Credit Suisse M1 2.17 1.55 Underperform
01/25/17 DBS Vickers M1 2.17 1.97 Hold DCF
01/25/17 Kim Eng M1 2.17 1.85 Sell DCF
01/25/17 Lim & Tan M1 2.17 0 Sell
01/25/17 OCBC M1 2.17 2.03 Hold
01/25/17 UOB Kay Hian M1 2.17 2.48 Buy DCF
01/26/17 CIMB M1 2.05 1.8 Reduce DCF
02/24/17 UOB Kay Hian M1 2.03 2.52 Buy DCF
02/24/17 Deutsche M1 2.03 2.5 Buy
03/13/17 DIR M1 2.11 1.93 Hold DDM
03/17/17 OCBC M1 2.03 1.75 Sell
03/20/17 Credit Suisse M1 2.19 1.5 Underperform
03/20/17 DBS Vickers M1 2.19 1.97 Hold
03/20/17 DMG & Partners M1 2.19 2.05 Neutral DCF
03/21/17 OCBC M1 2.17 1.96 Hold EV/EBitda8.5x FY17/18
04/05/17 CIMB M1 2.16 1.8 Reduce
04/05/17 Credit Suisse M1 2.16 1.5 Underperform
04/05/17 DMG & Partners M1 2.16 2.05 Neutral
04/05/17 Kim Eng M1 2.16 1.75 Sell DCF
04/05/17 OCBC M1 2.16 1.96 Hold
04/06/17 DBS Vickers M1 2.12 1.97 Hold DCF
04/18/17 CIMB M1 2.14 1.7 Reduce DCF
04/18/17 Credit Suisse M1 2.14 1.45 Underperform
04/18/17 DIR M1 2.14 1.93 Hold DDM
04/18/17 Lim & Tan M1 2.14 0 Hold
04/18/17 Deutsche M1 2.14 2.3 Buy
05/02/17 DBS Vickers M1 2.17 2.54 Buy EV/Ebitda8.4x FY17
06/02/17 DMG & Partners M1 2.27 2.05 Neutral DCF
07/07/17 OCBC M1 2.11 1.96 Hold
07/14/17 DMG & Partners M1 2.07 2.05 Neutral
07/19/17 OCBC M1 2.1 1.75 Sell
07/19/17 DIR M1 2.1 1.93 Hold DDM
07/19/17 Credit Suisse M1 2.1 1.45 Underperform
07/19/17 DMG & Partners M1 2.1 1.9 Neutral DCF
07/19/17 CIMB M1 2.1 1.7 Reduce DCF
07/19/17 DBS Vickers M1 2.1 1.78 Fully Valued DCF
08/18/17 UOB Kay Hian M1 1.77 1.98 Buy DCF
08/23/17 DMG & Partners M1 1.785 1.9 Neutral
09/11/17 OCBC M1 1.78 1.65 Hold
09/14/17 Kim Eng M1 1.79 1.59 Sell DCF
09/18/17 Credit Suisse M1 1.795 1.45 Underperform
09/20/17 Deutsche M1 1.79 2.3 Buy
09/25/17 UOB Kay Hian M1 1.78 1.98 Buy
09/25/17 CIMB M1 1.78 1.8 Hold
09/28/17 DIR M1 1.785 1.74 Hold DDM
10/16/17 DBS Vickers M1 1.815 1.49 Fully Valued DCF
10/17/17 UOB Kay Hian M1 1.805 1.95 Buy DCF
10/17/17 OCBC M1 1.805 1.65 Hold
10/17/17 DMG & Partners M1 1.805 1.9 Neutral
10/17/17 Kim Eng M1 1.805 1.59 Sell
10/17/17 CIMB M1 1.805 1.8 Hold
11/23/17 OCBC M1 1.77 1.65 Hold
11/28/17 Kim Eng M1 1.77 1.59 Sell
01/10/18 DMG & Partners M1 1.79 1.9 Neutral
01/12/18 UOB Kay Hian M1 1.79 1.95 Hold
01/24/18 UOB Kay Hian M1 1.87 1.84 Hold DCF, Buy @ $1.7
01/24/18 DMG & Partners M1 1.87 1.95 Neutral DCF
01/24/18 OCBC M1 1.87 1.7 Hold
01/24/18 DBS Vickers M1 1.87 1.49 Fully Valued DCF
01/25/18 CIMB M1 1.87 1.85 Hold DCF

Lippo-Malls Indo - Stock calls


Date Analyst Company Last Target Call Valuation
02/24/16 OCBC Lippo-Malls Indo 0.32 0.35 Hold
02/25/16 CIMB Lippo-Malls Indo 0.315 0.37 Add DDM
05/04/16 OCBC Lippo-Malls Indo 0.33 0.35 Hold
05/05/16 CIMB Lippo-Malls Indo 0.335 0.37 Add DDM
06/07/16 OCBC Lippo-Malls Indo 0.33 0.35 Buy
08/08/16 CIMB Lippo-Malls Indo 0.37 0.4 Add DDM
11/14/16 CIMB Lippo-Malls Indo 0.39 0.38 Hold DDM
11/14/16 OCBC Lippo-Malls Indo 0.39 0.4 Buy DDM
02/17/17 CIMB Lippo-Malls Indo 0.385 0.39 Hold DDM
02/17/17 OCBC Lippo-Malls Indo 0.385 0.43 Buy DDM
04/04/17 OCBC Lippo-Malls Indo 0.395 0.43 Buy
06/01/17 OCBC Lippo-Malls Indo 0.415 0.435 Buy
06/22/17 CIMB Lippo-Malls Indo 0.43 0.41 Hold DDM
06/28/17 OCBC Lippo-Malls Indo 0.44 0.475 Buy DDM
08/07/17 OCBC Lippo-Malls Indo 0.455 0.45 Hold DDM
08/08/17 CIMB Lippo-Malls Indo 0.455 0.43 Hold DDM
08/30/17 OCBC Lippo-Malls Indo 0.43 0.455 Buy
11/06/17 OCBC Lippo-Malls Indo 0.44 0.46 Buy DDM
12/13/17 OCBC Lippo-Malls Indo 0.415 0.46 Buy

Stock calls for 25 January 2018


Date Analyst Company Last Target Call Valuation
01/25/18 Lim & Tan CapitaCommercial 1.91 0 Hold
01/25/18 UOB Kay Hian Keppel T&T 1.7 1.9 Buy Sum of parts
01/25/18 CIMB M1 1.87 1.85 Hold DCF
01/25/18 Lim & Tan Mapletree Commercial 1.67 0 Hold
01/25/18 Phillip Mapletree Industrial 2.12 2.15 Neutral DDM, PB1.48x FY18
01/25/18 CIMB Mapletree Industrial 2.12 2.16 Add DDM
01/25/18 CIMB Suntec Reit 2.15 2.17 Hold DDM
01/25/18 DBS Vickers Suntec Reit 2.15 2.3 Buy DCF
01/25/18 OCBC Suntec Reit 2.15 1.81 Sell
01/25/18 Kim Eng Suntec Reit 2.15 1.91 Hold

Great news! Noble Group has struck a $3.5b restructuring deal.

https://finance.yahoo.com/news/noble-group-strikes-3-5-025617606.html

Noble Group has managed to strike a $3.5b restructuring deal, leaving it laden with only $600m debt.

With this restructuring deal, Noble Group is able to continue to operate without any on-going concern.  This restructuring deal also enables Noble Group to have a better bargaining power to negotiate with any potential investor.

The USA is barking up the wrong tree.

http://www.newindianexpress.com/world/2018/jan/24/us-warns-hong-kong-on-illicit-north-korea-trade-1762816.html

It's already been proven that it was a Taiwanese who chartered the HK flagged ship for the illegal oil shipment to NK but the USA still wanted to put the blame on China.

How the hell would HK authority know about the illegal oil shipment when the transponder was switched off at the open sea?

http://sg-stock.blogspot.sg/2018/01/taiwanese-boss-knew-that-oil-shipment.html

The USA should warn Taiwan government, not HK government!  Sigh! Stupidity has no cure!

Lian Beng - Stock calls


Date Analyst Company Last Target Call Valuation
10/23/17 NRA Lian Beng 0.705 1.08 Not Rated RNAV (11.6% discount)
12/06/17 DBS Vickers Lian Beng 0.715 0.85 Not Rated RNAV (50% discount)

KSH - Stock calls


Date Analyst Company Last Target Call Valuation
02/05/16 Lim & Tan KSH 0.5 0 Buy
02/10/16 OCBC KSH 0.51 0.61 Buy 1-for-10 Bonus
05/31/16 Lim & Tan KSH 0.55 0 Buy
06/02/16 OCBC KSH 0.55 0.61 Buy
06/13/16 Lim & Tan KSH 0.55 0.7 Buy
06/13/16 UOB Kay Hian KSH 0.55 0.69 Buy PB0.93x
08/11/16 Lim & Tan KSH 0.56 0 Buy
08/11/16 UOB Kay Hian KSH 0.56 0.69 Buy PB0.93x
11/09/16 UOB Kay Hian KSH 0.55 0.69 Buy PB0.93x
02/10/17 UOB Kay Hian KSH 0.54 0.69 Buy PB0.93x
02/13/17 OCBC KSH 0.54 0.61 Buy
03/08/17 UOB Kay Hian KSH 0.54 0.69 Buy
04/11/17 UOB Kay Hian KSH 0.775 1.18 Buy RNAV (50% discount)
04/12/17 Lim & Tan KSH 0.78 0 Buy
05/30/17 OCBC KSH 0.935 0.86 Hold
05/31/17 UOB Kay Hian KSH 0.915 1.12 Buy Sum of parts
08/14/17 Lim & Tan KSH 0.73 0 Hold
09/27/17 OCBC KSH 0.74 0.69 Hold
10/06/17 Lim & Tan KSH 0.785 0 Buy
11/06/17 UOB Kay Hian KSH 0.89 0.87 Hold Sum of parts
11/13/17 Lim & Tan KSH 0.86 0 Hold
11/15/17 OCBC KSH 0.865 0.79 Hold

Stock calls for 24 January 2018


Date Analyst Company Last Target Call Valuation
01/24/18 CIMB AEM 4.16 5.97 Add PER10x CY19
01/24/18 DMG & Partners Avi-Tech 0.48 0.59 Buy
01/24/18 Phillip Frasers Centrepoint Trust 2.3 2.14 Neutral DDM, PB1.06x
01/24/18 UOB Kay Hian Frasers Centrepoint Trust 2.3 2.43 Buy DDM
01/24/18 Credit Suisse Frasers Centrepoint Trust 2.3 2.26 Neutral
01/24/18 OCBC Frasers Centrepoint Trust 2.3 2.49 Buy
01/24/18 CIMB Frasers Centrepoint Trust 2.3 2.41 Add DDM
01/24/18 Lim & Tan Frasers Centrepoint Trust 2.3 0 Buy
01/24/18 DBS Vickers Frasers Centrepoint Trust 2.3 2.48 Buy
01/24/18 CIMB Frasers Commercial Trust 1.52 1.55 Hold DDM
01/24/18 Phillip Keppel DC Reit 1.46 1.47 Neutral DDM
01/24/18 DBS Vickers Keppel Infrastructure 0.58 0.6 Buy DDM
01/24/18 Kim Eng Keppel Reit 1.32 1.19 Hold
01/24/18 UOB Kay Hian Keppel Reit 1.32 1.43 Buy DDM
01/24/18 Credit Suisse Keppel Reit 1.32 0.97 Underperform
01/24/18 CIMB Keppel Reit 1.32 1.34 Hold DDM
01/24/18 DBS Vickers Keppel Reit 1.32 1.41 Buy DCF
01/24/18 DMG & Partners Keppel Reit 1.32 1.06 Sell
01/24/18 UOB Kay Hian M1 1.87 1.84 Hold DCF, Buy @ $1.7
01/24/18 DMG & Partners M1 1.87 1.95 Neutral DCF
01/24/18 OCBC M1 1.87 1.7 Hold
01/24/18 DBS Vickers M1 1.87 1.49 Fully Valued
01/24/18 OCBC Mapletree Industrial 2.07 2.06 Hold
01/24/18 UOB Kay Hian Mapletree Industrial 2.07 1.88 Hold DDM
01/24/18 DBS Vickers Mapletree Industrial 2.07 2.15 Buy
01/24/18 CIMB Mapletree Logistics 1.38 1.43 Add DDM
01/24/18 Credit Suisse Mapletree Logistics 1.38 1.18 Neutral
01/24/18 OCBC Mapletree Logistics 1.38 1.48 Buy
01/24/18 DBS Vickers Mapletree Logistics 1.38 1.45 Buy
01/24/18 CLSA Memtech 1.28 2 Buy PEG0.45x, PER15x CY18
01/24/18 DMG & Partners Moya Asia 0.098 0.17 Buy
01/24/18 DMG & Partners Singapore Medical 0.605 0.79 Buy
01/24/18 DMG & Partners Venture 23.9 24.1 Buy

Wednesday, January 24, 2018

What's wrong with Singapore's mindset nowadays?

Instead of telling the recalcitrant Japanese government not to deceive its people but to admit and acknowledge the past atrocities in WW2, Singapore told the world to stop dwelling on it.  There can never be trust between Japan and its neighbours as long as Japan is insincere about its apology especially when millions were killed by the Japanese.

Why was SG protecting and defending the perpetrator, Japan, instead of being empathetic towards other Asian countries?  The reason is very simple:  Japan is USA's ally!

http://sg-stock.blogspot.sg/2017/12/canada-to-proclaim-13-december-as.html

Why couldn't SG act like Canada?

Next, the whole world was silent about the Rohingya crisis for a reason but our MP said that there was not enough awareness about the Rohingya crisis in SG.

http://sg-stock.blogspot.sg/2018/01/singapore-has-no-future-when-weve.html

If the Rohingya crisis becomes a hot international issue, it will become harder for Rohingya to integrate into the Myanmar society.  Why?

Majorities of the Myanmar people and Rohingya do not know the acrimonious history anymore especially the Rohingya because the UK abandoned the Rohingya after using them.  If the world continues to blame Myanmar, the Myanmar historians will come out in defence to publicize the atrocities committed by the Rohingya in the past.  Once the new generation learns about the harsh history, will the Rohingya be welcome in Myanmar?  This new awareness will also make the UK looks bad on the international arena.  Therefore, it is a lose-lose situation if the Rohingya issue becomes a hot international issue.

The western media always put the blame of the Rohingya crisis on the Myanmar government without getting to the core of the issue.  The historical feud was caused by the British but nothing was mentioned in any publication.

Like I said before, the historical feud is very difficult to resolve.  This is the same when it comes to the Diaoyu Island for China & Japan.  The USA planted this seed of hatred between Japan & China after WW2 ended.  Therefore, it's best that SG doesn't get involved in meddling the historical feud between any 2 nations.


Tuesday, January 23, 2018

Kimly - Stock calls


Date Analyst Company Last Target Call Valuation
03/10/17 Lim & Tan Kimly 0.25 0 Subscribe IPO
03/13/17 Amfrasers Kimly 0.25 0 Do not subscribe No competitive advantage
05/17/17 UOB Kay Hian Kimly 0.44 0.48 Hold DCF
08/08/17 UOB Kay Hian Kimly 0.375 0.46 Buy DCF
12/07/17 UOB Kay Hian Kimly 0.355 0.45 Buy DCF, PER22.8x FY18

Kim Heng - Stock calls


Date Analyst Company Last Target Call Valuation
02/25/16 OCBC Kim Heng 0.075 0.096 Hold PB0.8x FY16
05/03/16 OCBC Kim Heng 0.09 0.093 Hold PB0.8x FY16
08/17/16 OCBC Kim Heng 0.07 0.089 Hold PB0.8x FY16/17
11/30/16 OCBC Kim Heng 0.07 0.09 Hold
03/03/17 OCBC Kim Heng 0.075 0.089 Hold PB0.8x FY17