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Thursday, February 15, 2018

Stock calls for 15 February 2018


Date Analyst Company Last Target Call Valuation
02/15/18 Credit Suisse Capitaland 3.53 3.9 Neutral
02/15/18 DBS Vickers Capitaland 3.53 4.35 Buy RNAV (10% discount)
02/15/18 DMG & Partners Comfortdelgro 2.02 1.98 Neutral DCF
02/15/18 Kim Eng Hi-P 1.92 2.43 Buy PB3.2x FY18
02/15/18 DBS Vickers Hi-P 1.92 2.48 Buy PER14.4x FY18
02/15/18 DMG & Partners HRnetGroup 0.81 1.14 Buy DCF
02/15/18 DBS Vickers Ifast Corp 0.88 1.26 Buy DDM
02/15/18 DMG & Partners ISOTeam 0.33 0.46 Buy DCF, PER13x FY18
02/15/18 Kim Eng Jumbo 0.57 0.7 Buy DCF, PER26x FY18
02/15/18 DBS Vickers Jumbo 0.57 0.58 Hold PER23x FY18
02/15/18 OCBC Lippo-Malls Indo 0.4 0.405 Hold
02/15/18 UOB Kay Hian OCBC 12.26 14.9 Buy GGM, PB1.56x FY18
02/15/18 Kim Eng OCBC 12.26 13.5 Hold PB1.4x FY18
02/15/18 Credit Suisse OCBC 12.26 14.7 Outperform
02/15/18 CIMB OCBC 12.26 14 Add GGM, PB1.4x FY18, PER11.7x FY19
02/15/18 Jefferies OCBC 12.26 14 Buy
02/15/18 DBS Vickers OCBC 12.26 14 Buy GGM, PB1.4x FY18
02/15/18 phillip Old Chang Kee 0.745 0.98 Buy DCF
02/15/18 OCBC Roxy-Pacific 0.56 0.66 Buy
02/15/18 OCBC SIA 11.15 10.85 Hold PB0.9x FY18
02/15/18 Credit Suisse SIA 11.15 10.7 Neutral
02/15/18 OCBC Starhub 2.86 2.2 Sell
02/15/18 UOB Kay Hian Starhub 2.86 2.7 Hold DCF, Buy @ $2.50
02/15/18 Kim Eng Starhub 2.86 2.27 Sell DCF
02/15/18 Credit Suisse Starhub 2.86 2.15 Underperform
02/15/18 CIMB Starhub 2.86 2.7 Hold DCF
02/15/18 Lim & Tan Starhub 2.86 0 Sell
02/15/18 DMG & Partners Starhub 2.86 2.65 Neutral
02/15/18 UOB Kay Hian Thai Beverage 0.91 0.99 Hold Sum of parts, Buy @ $0.84
02/15/18 CIMB Thai Beverage 0.91 0.98 Hold Sum of parts, PER21.8x CY18
02/15/18 CIMB UOB 26.24 28 Add GGM, PB1.3x FY18, PER11.3x FY19
02/15/18 DMG & Partners UOB 26.24 30 Buy GGM, PB1.35x FY18
02/15/18 Kim Eng UOB 26.24 29.33 Buy PB1.3x FY18
02/15/18 Credit Suisse UOB 26.24 31.7 Outperform GGM
02/15/18 Jefferies UOB 26.24 29.5 Buy
02/15/18 DBS Vickers UOB 26.24 30 Buy GGM, PB1.3x FY18
02/15/18 DMG & Partners Valuetronics 0.915 1.05 Buy DCF

Thailand is the least miserable country and Singapore is the 2nd least miserable.

https://sg.finance.yahoo.com/news/miserable-economies-2018-stay-haunted-inflation-beast-033757321.html

The misery index computes the sum of inflation and unemployment to assess and rank the countries.

SG did pretty well and we should note that both indexes for Thailand & SG declined from the prior year.  This means that more people are miserable in both countries.

2018 will be a game changer because inflation will start to careen globally due to the trade war between big nations.

Thus, we foresee that the misery index for SG to continue to decline as more people feel miserable in 2018.

Singapore's NODX upped 13% YOY in January 2018

https://www.channelnewsasia.com/news/singapore/singapore-s-exports-jump-13-year-on-year-in-january-9962186

Year on year changes:

January 2018: 13%
December 2017: 3.1%
November 2017: 9.1%
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%

https://sg-stock.blogspot.sg/2018/01/singapore-non-oil-domestic-exports-nodx.html

The western countries just want to take advantage of China.

http://www.scmp.com/news/china/diplomacy-defence/article/2119046/xi-trump-sign-trade-deals-worth-us280-billion-sources

The USA signed US$253b trade deals with China during Trump's visit.

https://www.reuters.com/article/us-china-britain/britains-may-gets-9-billion-pounds-in-china-deals-xi-promises-to-build-on-golden-era-idUSKBN1FM0G2

The UK signed 9B pounds of trade deals with China during May's visit.

Thereafter, US & UK stirred up the South China Sea tension after they've got the trade deals by propagating FON (freedom of navigation).

https://www.theguardian.com/uk-news/2018/feb/13/britain-to-sail-warship-through-disputed-south-china-sea

We did comment on FON previously in our postings.

https://sg-stock.blogspot.sg/2017/10/the-usa-is-doomed-to-fail-in-its-asia.html

https://sg-stock.blogspot.sg/2017/01/lets-stop-harping-on-south-china-sea.html

This is the characteristic of the western countries.  They always want to take advantage of Asia for their own benefits.

How long does ASIA want to endure?

Russian A-235 anti-ballistic missiles system is better than THAAD.

https://www.strategic-culture.org/news/2018/02/14/russia-successfully-tests-new-missile-defense-interceptor.html

A-235 is capable of travelling at 4km/sec and can destroy any satellite.

This is an awesome missile!  It is super fast!

Wednesday, February 14, 2018

The USA is so bent to have a trade war!

https://www.channelnewsasia.com/news/business/trump-renews-trade-threats-against-china-south-korea-9957740

Maybe Asia should stand united to fight against the USA now since Trump is so bent to have a trade war.

Let's cripple the USA economy to oust Trump!

The USA has to raise about USD$1T every year for the next decade to fund its economic development.  By the end of 2028, the national debt will reach USD$30T and the USA definitely cannot pay its dues.

Do you still have any faith in the USA?

If you are a bank and a customer (USA) comes to ask for a loan but cannot afford to pay its own employees (government officials) and has a debt in excess of USD$20T, would you be willing to lend money to this customer (USA)?

I don't think so!

The USA is embarking on a smearing campaign against China & Russia over weaponry development.

https://sg.finance.yahoo.com/news/russia-china-developing-apos-destructive-074600008.html

Weaponry development is the right of every sovereignty and is not exclusive to the USA.

The USA also has its own space weapons development programme but we don't embark on a smearing campaign against the USA.

EU doesn't like digital currencies.

https://sg.finance.yahoo.com/news/european-official-digital-currencies-inefficient-090023344.html

We have stated on numerous occasions that crypto is not good as it is purported to be.

http://sg-stock.blogspot.sg/2018/01/the-truth-about-bitcoin.html

PACC Offshore - Stock calls


Date Analyst Company Last Target Call Valuation
02/01/16 DBS Vickers PACC Offshore 0.3 0.29 Hold
02/22/16 DBS Vickers PACC Offshore 0.28 0.28 Hold PB0.4x FY16
02/22/16 Kim Eng PACC Offshore 0.28 0.42 Buy GGM, PB0.5x FY16
02/22/16 OCBC PACC Offshore 0.28 0.28 Hold P/NTA0.4x
03/22/16 Bloomberg PACC Offshore 0.355 0.33 Not Rated Consensus target
04/01/16 Kim Eng PACC Offshore 0.36 0.42 Buy GGM, PB0.5x FY16
04/20/16 DBS Vickers PACC Offshore 0.375 0.28 Hold PB0.4x
05/05/16 Kim Eng PACC Offshore 0.365 0.42 Buy GGM, PB0.5x FY16
05/06/16 DBS Vickers PACC Offshore 0.365 0.35 Hold PB0.5x
05/06/16 OCBC PACC Offshore 0.365 0.35 Hold
06/06/16 Kim Eng PACC Offshore 0.37 0.42 Buy
06/06/16 OCBC PACC Offshore 0.37 0.35 Hold Buy @ $0.32
07/01/16 OCBC PACC Offshore 0.365 0.35 Hold Buy @ $0.32
08/03/16 OCBC PACC Offshore 0.34 0.29 Sell PB0.45x
08/04/16 DBS Vickers PACC Offshore 0.31 0.33 Hold
09/01/16 OCBC PACC Offshore 0.31 0.29 Hold
11/08/16 DBS Vickers PACC Offshore 0.315 0.33 Hold PB0.5x
11/08/16 OCBC PACC Offshore 0.315 0.3 Hold PB0.45x FY17
12/06/16 DBS Vickers PACC Offshore 0.31 0.41 Buy PB0.6x
01/13/17 DBS Vickers PACC Offshore 0.335 0.41 Buy
02/22/17 DBS Vickers PACC Offshore 0.365 0.42 Buy PB0.8x
02/22/17 OCBC PACC Offshore 0.365 0.33 Sell PB0.7x
04/10/17 DBS Vickers PACC Offshore 0.34 0.42 Buy
04/12/17 OCBC PACC Offshore 0.35 0.335 Hold PB0.7x
05/08/17 DBS Vickers PACC Offshore 0.32 0.41 Buy PB0.8x
05/09/17 OCBC PACC Offshore 0.325 0.335 Hold PB0.7x FY17/18
05/31/17 OCBC PACC Offshore 0.305 0.325 Hold
08/02/17 DBS Vickers PACC Offshore 0.285 0.41 Buy PB0.8x
11/14/17 DBS Vickers PACC Offshore 0.345 0.41 Buy PB0.8x
01/23/18 DBS Vickers PACC Offshore 0.43 0.51 Buy PB1x
02/13/18 DBS Vickers PACC Offshore 0.37 0.51 Buy

Oxley - Stock calls


Date Analyst Company Last Target Call Valuation
03/28/16 DMG & Partners Oxley 0.44 0.91 Buy
05/09/16 DMG & Partners Oxley 0.44 0.91 Buy RNAV (20% discount)
06/27/16 DMG & Partners Oxley 0.43 0.91 Buy
12/02/16 DMG & Partners Oxley 0.435 0.91 Buy
01/03/17 DMG & Partners Oxley 0.43 0.85 Buy
10/03/17 UOB Kay Hian Oxley 0.56 0.67 Buy RNAV (20% discount)
11/22/17 UOB Kay Hian Oxley 0.655 0.74 Buy RNAV (20% discount)
12/01/17 UOB Kay Hian Oxley 0.6 0.74 Buy

Stock calls for 14 February 2018


Date Analyst Company Last Target Call Valuation
02/14/18 Deutsche CapitaCommercial 1.74 1.9 Buy
02/14/18 OCBC Capitaland 3.52 4.26 Buy
02/14/18 UOB Kay Hian Capitaland 3.52 4.3 Buy RNAV (15% discount)
02/14/18 Kim Eng Capitaland 3.52 4.1 Buy RNAV (25% discount)
02/14/18 CIMB Capitaland 3.52 4.34 Add RNAV (20% discount)
02/14/18 DMG & Partners Capitaland 3.52 4.2 Buy RNAV (15% discount)
02/14/18 DBS Vickers Comfortdelgro 2.01 2.12 Hold DCF & PER
02/14/18 Kim Eng Comfortdelgro 2.01 2.35 Buy DCF
02/14/18 OCBC Comfortdelgro 2.01 2.25 Buy
02/14/18 CIMB Comfortdelgro 2.01 2.16 Hold DCF
02/14/18 Lim & Tan Comfortdelgro 2.01 0 Buy on weakness
02/14/18 DMG & Partners Comfortdelgro 2.01 2.01 Neutral
02/14/18 phillip Comfortdelgro 2.01 2.5 Buy DCF, PER17.4x FY18
02/14/18 phillip HMI 0.63 0.83 Buy DCF
02/14/18 UOB Kay Hian HMI 0.63 0.83 Buy DCF
02/14/18 Kim Eng HMI 0.63 0.8 Buy DCF
02/14/18 Amfrasers Japan Foods 0.46 0.54 Buy DCF
02/14/18 Deutsche Keppel Reit 1.18 1.3 Buy
02/14/18 Deutsche Mapletree Logistics 1.23 1.35 Buy
02/14/18 CIMB Religare Health Trust 0.83 0.92 Hold DDM
02/14/18 Kim Eng SATS 5.25 6.1 Buy PER21x FY20
02/14/18 UOB Kay Hian SATS 5.25 5.9 Buy DCF, PER25.2x FY18
02/14/18 OCBC SATS 5.25 5.5 Hold Buy @ $5.05 or lower
02/14/18 CIMB SATS 5.25 5.17 Hold PER20x FY19
02/14/18 phillip SATS 5.25 5.33 Neutral
02/14/18 DBS Vickers SATS 5.25 5.67 Buy
02/14/18 phillip SGX 7.3 8.89 Buy DCF
02/14/18 CIMB SIA 10.62 12.05 Add PB1x CY18
02/14/18 UOB Kay Hian SIA 10.62 11.9 Buy PB0.9x
02/14/18 DBS Vickers SIA 10.62 12 Buy PB1x FY19

US drone destroys Russian tank.

https://www.reuters.com/article/us-mideast-crisis-usa-syria-tank/u-s-drone-destroys-russian-made-tank-in-syria-idUSKCN1FX2SJ

Putin won't take this lying down and will definitely retaliate.

Russia will battle it out with the USA on Syria land but it will be some minor battle that won't escalate into a full-blown war.

Wow! Goldman Sachs reaffirmed our prediction for 10-year bond yield.

https://realmoney.thestreet.com/articles/02/13/2018/economic-growth-too-strong-market?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

We predicted that Fed's target for 10-year bond yield would be at 3.5% on 9 Feb 2018.

Goldman Sachs is predicting the same 10-year bond yield too.

https://sg-stock.blogspot.sg/2018/02/stock-markets-are-falling-like-crazy_9.html

Maldives' political situation update.

https://www.reuters.com/article/us-maldives-politics/maldives-embattled-president-sends-envoys-to-china-saudi-for-support-idUSKBN1FS1B7

The Maldives sent envoys to China, Pakistan and Saudi for its support of the government's stance on the court ruling.  However, India was excluded from the list of the friendly nations.

The current Maldives president has had enough of India's intervention in its national policies and wanted to foster a better Maldives-China relationship.  Furthermore, the Maldives wants to get involved in the OBR initiatives for its own economic benefits.  The current Maldives president has realized that India only wants to control the Maldives without the intention to develop its economy whereas China is sincere in helping the Maldives to develop infrastructures and economy.

http://abcnews.go.com/International/wireStory/india-china-vie-influence-crisis-unfolds-maldives-52993084

Thus, India and China are vying for political influences in the Maldives now.


Tuesday, February 13, 2018

China Sky Chemical has dubious financial statement.

http://www.businesstimes.com.sg/companies-markets/china-sky-800m-yuan-loan-to-entity-represented-by-ex-director-not-recorded-in

Another mid-cap China firm listed on SGX is in trouble after Midas.  800m yuan loan was not recorded on its financial statement.

OMG!

http://sg-stock.blogspot.sg/2018/02/midas-assets-are-frozen-in-china.html


The petrol-yuan era is coming! - Part 2

https://www.reuters.com/article/us-china-oil-futures/china-plans-to-launch-crude-oil-futures-on-march-26-securities-regulator-idUSKBN1FT0P2

This posting is an update from our previous post below.

https://sg-stock.blogspot.sg/2018/01/the-petrol-yuan-era-is-coming.html

The oil price had been on a downward trajectory after China indicated the interest to start its own oil trading futures in RMB in Shanghai in January 2018.

The official date has been set for 26 March 2018 and this will definitely affect the international oil market as China is the largest oil importer now.

OUE Hospitality - Stock calls


Date Analyst Company Last Target Call Valuation
01/08/16 DBS Vickers OUE Hospitality 0.755 0.91 Buy DCF
01/26/16 Deutsche OUE Hospitality 0.745 0.8 Hold
01/26/16 OCBC OUE Hospitality 0.745 0.8 Hold
01/27/16 DMG & Partners OUE Hospitality 0.75 0.67 Sell DDM, PB0.74x
02/01/16 Amfrasers OUE Hospitality 0.73 0.815 Buy
02/25/16 Deutsche OUE Hospitality 0.74 0.8 Hold
03/07/16 CIMB OUE Hospitality 0.77 0.77 Hold DDM
03/08/16 Lim & Tan OUE Hospitality 0.765 0 Hold Buy @ $0.7092
03/09/16 CIMB OUE Hospitality 0.755 0.67 Hold DDM
03/10/16 OCBC OUE Hospitality 0.75 0.7 Hold Ex-Bonus 33 for 100 @ $0.54
03/11/16 Amfrasers OUE Hospitality 0.75 0.75 Buy Ex-Bonus 33 for 100 @ $0.54
03/17/16 DMG & Partners OUE Hospitality 0.685 0.86 Buy DDM
03/24/16 Deutsche OUE Hospitality 0.67 0.7 Hold
04/13/16 Credit Suisse OUE Hospitality 0.67 0.86 Neutral
05/09/16 CIMB OUE Hospitality 0.675 0.71 Hold DDM
05/09/16 DBS Vickers OUE Hospitality 0.675 0.75 Buy
05/09/16 Lim & Tan OUE Hospitality 0.675 0 Hold
05/09/16 OCBC OUE Hospitality 0.675 0.67 Hold
05/10/16 Amfrasers OUE Hospitality 0.67 0.72 Buy
05/10/16 DMG & Partners OUE Hospitality 0.67 0.75 Buy DDM
05/17/16 Deutsche OUE Hospitality 0.66 0.65 Hold
06/22/16 DMG & Partners OUE Hospitality 0.67 0.86 Buy
07/04/16 DMG & Partners OUE Hospitality 0.69 0.75 Buy
07/04/16 OCBC OUE Hospitality 0.69 0.67 Hold
07/26/16 Deutsche OUE Hospitality 0.72 0.65 Hold
08/02/16 Credit Suisse OUE Hospitality 0.71 0.78 Neutral
08/02/16 DBS Vickers OUE Hospitality 0.71 0.75 Buy
08/02/16 Lim & Tan OUE Hospitality 0.71 0 Hold
08/02/16 OCBC OUE Hospitality 0.71 0.73 Hold
08/02/16 Religare OUE Hospitality 0.71 0.74 Hold
08/03/16 CIMB OUE Hospitality 0.69 0.79 Add DDM
09/07/16 Credit Suisse OUE Hospitality 0.685 0.78 Neutral
09/22/16 CIMB OUE Hospitality 0.66 0.75 Add DDM
10/18/16 DBS Vickers OUE Hospitality 0.685 0.75 Buy
11/01/16 CIMB OUE Hospitality 0.68 0.77 Add DDM
11/01/16 DBS Vickers OUE Hospitality 0.68 0.72 Buy DCF
11/01/16 DMG & Partners OUE Hospitality 0.68 0.7 Neutral
11/01/16 Lim & Tan OUE Hospitality 0.68 0 Hold
11/01/16 OCBC OUE Hospitality 0.68 0.73 Buy
11/16/16 Deutsche OUE Hospitality 0.64 0.65 Hold
12/05/16 DMG & Partners OUE Hospitality 0.655 0.7 Neutral
12/07/16 Deutsche OUE Hospitality 0.65 0.65 Hold
12/16/16 OCBC OUE Hospitality 0.64 0.73 Buy
01/04/17 OCBC OUE Hospitality 0.685 0.73 Buy
01/09/17 DBS Vickers OUE Hospitality 0.68 0.72 Buy DCF
01/26/17 CIMB OUE Hospitality 0.685 0.71 Add DDM
01/26/17 DMG & Partners OUE Hospitality 0.685 0.7 Neutral DDM
01/26/17 OCBC OUE Hospitality 0.685 0.75 Buy
01/27/17 DBS Vickers OUE Hospitality 0.685 0.75 Buy DCF
01/31/17 Credit Suisse OUE Hospitality 0.69 0.78 Neutral
02/08/17 OCBC OUE Hospitality 0.675 0.75 Buy
02/28/17 Deutsche OUE Hospitality 0.69 0.65 Hold
03/10/17 DMG & Partners OUE Hospitality 0.675 0.7 Neutral
03/16/17 OCBC OUE Hospitality 0.68 0.75 Buy
04/03/17 DMG & Partners OUE Hospitality 0.69 0.76 Buy DDM
04/17/17 OCBC OUE Hospitality 0.71 0.75 Buy
05/05/17 DBS Vickers OUE Hospitality 0.715 0.76 Buy DCF
05/05/17 DMG & Partners OUE Hospitality 0.715 0.76 Buy DDM
05/05/17 OCBC OUE Hospitality 0.715 0.75 Buy
05/15/17 DMG & Partners OUE Hospitality 0.705 0.78 Buy DDM
06/09/17 OCBC OUE Hospitality 0.72 0.75 Buy
06/22/17 Deutsche OUE Hospitality 0.725 0.65 Hold
07/04/17 OCBC OUE Hospitality 0.755 0.75 Buy
07/12/17 DMG & Partners OUE Hospitality 0.76 0.78 Buy
08/02/17 CIMB OUE Hospitality 0.76 0.82 Add DDM
08/02/17 DMG & Partners OUE Hospitality 0.76 0.83 Buy DDM
08/02/17 OCBC OUE Hospitality 0.76 0.82 Buy
08/02/17 Lim & Tan OUE Hospitality 0.76 0 Hold
08/03/17 DBS Vickers OUE Hospitality 0.77 0.8 Buy DCF
09/21/17 DMG & Partners OUE Hospitality 0.79 0.83 Buy
09/21/17 OCBC OUE Hospitality 0.79 0.82 Buy
11/02/17 CIMB OUE Hospitality 0.81 0.84 Add DDM
11/02/17 Credit Suisse OUE Hospitality 0.81 0.78 Neutral
11/02/17 OCBC OUE Hospitality 0.81 0.82 Hold
11/02/17 DBS Vickers OUE Hospitality 0.81 0.85 Buy DCF
11/03/17 DMG & Partners OUE Hospitality 0.815 0.88 Buy DDM
12/01/17 OCBC OUE Hospitality 0.815 0.82 Hold
12/06/17 DBS Vickers OUE Hospitality 0.825 0.85 Buy
12/19/17 DMG & Partners OUE Hospitality 0.835 0.88 Buy
01/03/18 DMG & Partners OUE Hospitality 0.855 0.91 Buy DDM
01/04/18 Deutsche OUE Hospitality 0.87 0.65 Sell
01/04/18 CIMB OUE Hospitality 0.87 0.89 Add DDM
01/05/18 OCBC OUE Hospitality 0.875 0.83 Hold
01/31/18 DBS Vickers OUE Hospitality 0.885 0.93 Buy DCF
01/31/18 Lim & Tan OUE Hospitality 0.885 0 Hold

OUE Commercial - Stock calls


Date Analyst Company Last Target Call Valuation
01/08/16 DBS Vickers OUE Commercial 0.65 0.67 Hold DCF
01/28/16 OCBC OUE Commercial 0.635 0.65 Hold
01/29/16 DBS Vickers OUE Commercial 0.625 0.65 Hold
03/07/16 CIMB OUE Commercial 0.675 0.8 Add DDM
04/13/16 Kim Eng OUE Commercial 0.64 0.64 Not Rated
05/11/16 CIMB OUE Commercial 0.655 0.64 Hold DDM
05/11/16 OCBC OUE Commercial 0.655 0.65 Hold
05/12/16 DBS Vickers OUE Commercial 0.665 0.7 Hold
08/03/16 DBS Vickers OUE Commercial 0.69 0.65 Hold
08/04/16 CIMB OUE Commercial 0.695 0.7 Hold DDM
08/16/16 DBS Vickers OUE Commercial 0.665 0.73 Hold
09/05/16 DBS Vickers OUE Commercial 0.68 0.73 Hold
11/02/16 CIMB OUE Commercial 0.69 0.7 Hold DDM
11/02/16 DBS Vickers OUE Commercial 0.69 0.74 Hold DCF
11/02/16 OCBC OUE Commercial 0.69 0.65 Hold
01/09/17 DBS Vickers OUE Commercial 0.695 0.74 Hold DCF
01/27/17 OCBC OUE Commercial 0.7 0.65 Hold
03/10/17 OCBC OUE Commercial 0.685 0.65 Hold
05/08/17 DBS Vickers OUE Commercial 0.7 0.67 Hold DCF
05/08/17 OCBC OUE Commercial 0.7 0.65 Hold
05/08/17 CIMB OUE Commercial 0.7 0.71 Hold
08/03/17 OCBC OUE Commercial 0.73 0.68 Hold DDM
08/04/17 CIMB OUE Commercial 0.725 0.68 Hold DDM
08/04/17 DBS Vickers OUE Commercial 0.725 0.69 Hold
10/04/17 OCBC OUE Commercial 0.715 0.67 Hold
11/03/17 OCBC OUE Commercial 0.72 0.67 Hold
11/03/17 CIMB OUE Commercial 0.72 0.68 Hold DDM
11/10/17 DBS Vickers OUE Commercial 0.71 0.73 Hold DCF
12/05/17 OCBC OUE Commercial 0.71 0.67 Hold
01/09/18 OCBC OUE Commercial 0.75 0.67 Hold
02/01/18 CIMB OUE Commercial 0.75 0.75 Hold DDM
02/01/18 OCBC OUE Commercial 0.75 0.69 Hold
02/05/18 DBS Vickers OUE Commercial 0.755 0.73 Hold DCF

Stock calls for 13 February 2018


Date Analyst Company Last Target Call Valuation
02/13/18 UOB Kay Hian A-Reit 2.58 3.05 Buy
02/13/18 Kim Eng Bumitama 0.695 0.95 Buy
02/13/18 UOB Kay Hian CapitaCommercial 1.72 2.09 Buy
02/13/18 Lim & Tan Capitaland 3.47 0 Buy
02/13/18 UOB Kay Hian CDL Hospitality 1.64 1.95 Buy
02/13/18 UOB Kay Hian City Developments 12.31 14.03 Buy
02/13/18 UOB Kay Hian Comfortdelgro 2.01 2.25 Buy
02/13/18 phillip F & N 2.39 2.83 Accumulate Sum of parts, PER27.1x FY18
02/13/18 Kim Eng First Resources 1.75 2.04 Hold
02/13/18 UOB Kay Hian ISOTeam 0.355 0.45 Buy PER10.4x FY18
02/13/18 UOB Kay Hian Keppel Corp 7.8 9.3 Buy
02/13/18 DBS Vickers Keppel Corp 7.8 10.2 Buy
02/13/18 OCBC KSH 0.695 0.79 Hold
02/13/18 DBS Vickers PACC Offshore 0.37 0.51 Buy
02/13/18 UOB Kay Hian Raffles Medical 1.08 1.34 Buy
02/13/18 DBS Vickers Sembcorp Industries 3.21 4.5 Buy
02/13/18 DBS Vickers Sembcorp Marine 2.37 3.1 Buy
02/13/18 JP Morgan SGX 7.31 9 Overweight
02/13/18 Jefferies SGX 7.31 8 Buy
02/13/18 UBS SGX 7.31 8.7 Buy
02/13/18 CIMB SGX 7.31 7.85 Hold PER24x FY19
02/13/18 Goldman Sachs SGX 7.31 6.6 Sell
02/13/18 CIMB Valuetronics 0.92 1.1 Add PER11x CY19
02/13/18 UOB Kay Hian Valuetronics 0.92 0.95 Buy PER11.3x FY19, Buy @ $0.86
02/13/18 UOB Kay Hian Venture 21.92 23.5 Buy
02/13/18 OCBC Wing Tai 2.13 2.64 Buy
02/13/18 UOB Kay Hian Wing Tai 2.13 2.78 Buy

China imposes anti-dumping measures on imported chemicals.

http://www.xinhuanet.com/english/2018-02/12/c_136970405.htm

As more anti-dumping measures are being undertaken by EU, USA & China, raw material prices will increase substantially and this phenomenon will cause a worldwide inflation.

The long-awaited recession is really coming this time and stock falls are inevitable.

Good luck to us all!