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Monday, February 26, 2018

Sabana Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/05/16 UOB Kay Hian Sabana Reit 0.71 0.92 Buy
01/26/16 UOB Kay Hian Sabana Reit 0.7 0.89 Buy
03/30/16 UOB Kay Hian Sabana Reit 0.635 0.89 Buy
04/13/16 Kim Eng Sabana Reit 0.645 0.89 Not Rated
04/19/16 UOB Kay Hian Sabana Reit 0.66 0.84 Buy DDM
01/23/17 phillip Sabana Reit 0.375 0.51 Trading Buy PB0.9x, Ex-rights 42 for 100 @ $0.258
03/06/17 phillip Sabana Reit 0.43 0.54 Trading Buy PB0.9x
05/11/17 phillip Sabana Reit 0.455 0.54 Trading Buy PB0.9X
08/08/17 phillip Sabana Reit 0.49 0.57 Trading Buy PB1x

Roxy-Pacific - Stock calls


Date Analyst Code Company Last Target Call Percent Valuation
01/27/16 NRA E8Z Roxy-Pacific 0.49 0.56 Not Rated 14.29 PB0.7x
02/29/16 NRA E8Z Roxy-Pacific 0.49 0.575 Not Rated 17.35 RNAV (30% discount)
03/14/16 OCBC E8Z Roxy-Pacific 0.49 0.52 Hold 6.12
08/01/16 OCBC E8Z Roxy-Pacific 0.46 0.52 Hold 13.04
09/20/16 NRA E8Z Roxy-Pacific 0.45 0.54 Not Rated 20.00 RNAV (40% discount)
11/01/16 OCBC E8Z Roxy-Pacific 0.42 0.52 Hold 23.81
08/01/17 OCBC E8Z Roxy-Pacific 0.525 0.52 Hold -0.95
11/22/17 OCBC E8Z Roxy-Pacific 0.52 0.52 Hold 0.00
12/07/17 OCBC E8Z Roxy-Pacific 0.54 0.6 Buy 11.11
12/12/17 DBS Vickers E8Z Roxy-Pacific 0.53 0.69 Buy 30.19 RNAV (30% discount)
02/15/18 OCBC E8Z Roxy-Pacific 0.56 0.66 Buy 17.86
02/19/18 DBS Vickers E8Z Roxy-Pacific 0.56 0.69 Buy 23.21 RNAV (30% discount)

Stock calls for 26 February 2018


Date Analyst Company Last Target Call Valuation
02/26/18 DMG & Partners Amara 0.55 0.88 Buy PB0.65x
02/26/18 DMG & Partners APAC Realty 1.1 1.35 Buy DCF
02/26/18 DBS Vickers APAC Realty 1.1 1.25 Buy DCF & PER15x FY18
02/26/18 Lim & Tan CSE Global 0.345 0 Buy
02/26/18 Amfrasers Frencken 0.67 0.72 Hold PER12x FY18
02/26/18 Kim Eng Genting 1.3 1.46 Buy EV/Ebitda 12x FY18
02/26/18 UOB Kay Hian Genting 1.3 1.3 Hold EV/Ebitda10.4x FY18, Buy @ $1.15
02/26/18 DBS Vickers Genting 1.3 1.49 Buy DCF
02/26/18 DMG & Partners Genting 1.3 1.34 Neutral DCF
02/26/18 OCBC Genting 1.3 1.45 Buy FCFE
02/26/18 CIMB Genting 1.3 1.49 Add EV/Ebitda12x FY19
02/26/18 OCBC OUE 1.93 2.28 Buy
02/26/18 CIMB Riverstone 1.04 1.28 Add PER18.6x FY19
02/26/18 DBS Vickers Riverstone 1.04 1.27 Buy PER16x FY19
02/26/18 Kim Eng Riverstone 1.04 1.22 Buy PER18x FY18
02/26/18 OCBC Sembcorp Industries 3.24 3.84 Buy
02/26/18 phillip Sembcorp Industries 3.24 3.86 Accumulate Sum of parts
02/26/18 UOB Kay Hian Sembcorp Industries 3.24 3.28 Hold Sum of parts, Buy @ $2.90
02/26/18 CIMB Sembcorp Industries 3.24 4.13 Add Sum of parts, PER8x FY18, PB0.63x FY18
02/26/18 phillip Sembcorp Marine 2.23 1.91 Reduce PER43.4x FY18
02/26/18 phillip Sheng Siong 0.93 1.13 Buy PER23x FY18
02/26/18 DMG & Partners Sheng Siong 0.93 0.98 Neutral DCF & PER
02/26/18 OCBC Sheng Siong 0.93 1.06 Buy
02/26/18 CIMB Sheng Siong 0.93 1.08 Add PER22.3x CY19
02/26/18 CIMB ST Engineering 3.39 3.8 Add DCF, PER & Div yield
02/26/18 UOB Kay Hian ST Engineering 3.39 3.6 Hold DCF, Buy @ $3.20
02/26/18 DBS Vickers ST Engineering 3.39 3.9 Buy
02/26/18 Lim & Tan ST Engineering 3.39 0 Buy
02/26/18 DBS Vickers Wilmar 3.13 3.65 Buy DCF
02/26/18 DMG & Partners Wilmar 3.13 3.45 Buy Sum of parts

Do you support a rules-based system in the world?

https://sg.news.yahoo.com/china-demands-u-stops-unilateral-sanctions-over-north-150441118--sector.html

Many countries which support rules-based order or system in this world are keeping quiet when a big and mighty country like the USA is not following the rules-based order.

We must stop any country from imposing unilateral sanctions against another country without UN mandate.  What's the purpose of having an international entity like UN when a big and mighty country can just flout the international rules?

UN didn't stop the USA from invading Iraq with fabricated intelligence in the past.

UN is not stopping the USA from imposing excessive and illegal sanctions against NK now.

China is right to protest against the US for the unilateral sanctions.  We need to support a rules-based system and protest against any unilateral and illegal sanctions too.

Kota Baru snatch theft in Malaysia.

Poor elderly woman! Nobody is there to help her because of huge public distrust.

When there is a huge public distrust, a person will always second-guess another person's kind gesture.  This results in public apathy and people are unwilling to step forward to help.

An excellent example to depict the public distrust would be the Singapore driver's kind gesture.

http://sg-stock.blogspot.sg/2018/01/it-doesnt-pay-to-be-samaritan-in.html

2 kind drivers offered to a drive to students during raining days but police were called in to investigate the incidents.  Who would want to do good deed or offer kind gesture when the police will come knocking at the door?

Saturday, February 24, 2018

Baltic dry index - 1185

Today, Friday, February 23 2018, the Baltic Dry Index climbed by 18 points, reaching 1185 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 - 978

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by three this week to 978.
That exceeds the 754 rigs that were active this time a year ago.
Houston oilfield services company Baker Hughes reported Friday that 799 rigs drilled for oil this week and 179 for gas.
Among major oil- and gas-producing states, Texas increased by three rigs, New Mexico gained two and Colorado, Louisiana, North Dakota, Ohio and Wyoming each gained one.
Oklahoma decreased by two rigs and Kansas, Pennsylvania and West Virginia each lost one.
Alaska, Arkansas, California and Utah 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.

US bond yields will continue to rise in 2018. Why? - Part 2

http://wallstreetexaminer.com/2018/02/treasury-seven-year-sale-caps-258-billion-week-higher-yields-git-r-done/

https://www.reuters.com/article/usa-bonds/treasuries-prices-pare-gains-after-soft-seven-year-auction-idUSL2N1QC1QF

USD 7-year treasury demand was weaker than expected and resulted in a soft sale.  With QE taperings in Europe & USA, there are lesser cheap monies in the world to be used or bond purchases.  Thus, it is not surprising for the US bonds to have weak sales.

Conversely, the central bankers from China, Japan and Saudi seemed to have lost faith in the USA long-term economic growth due to the increasing investment risks as Trump's policies focused on cutting taxes, militarization and infrastructure spending which didn't groove with economic sense.  In a nutshell, the USA is cutting tax revenues but increasing expenditures with no money in the coffer.  Therefore, the USA has to raise about USD$1T annually from 2018 to 2028 by issuing a lot of bonds to meet the fiscal deficits.

http://sg-stock.blogspot.sg/2018/02/us-bond-yields-will-continue-to-rise-in.html

Friday, February 23, 2018

India has to pay a high price to be an USA ally to contain China.

https://sg.finance.yahoo.com/news/exclusive-u-tells-india-cut-tariffs-trade-friction-061636397--finance.html

India has to pay a high price to be part of the USA allies to contain China.

Is the Indian economy strong enough to withstand the tariff cuts?  Obviously not!  India is in need of money to develop its economy and is in a serious fiscal deficit.

https://www.businesstoday.in/current/economy-politics/india-fiscal-deficit-breaches-target-borrowing-government-securities-economy-fy18/story/266906.html

Another USA anti-dumping measure. Rubberband is being targeted now.

https://www.commerce.gov/news/press-releases/2018/02/us-department-commerce-initiates-antidumping-duty-and-countervailing-1

OMG! Can you believe it? Rubberband is being targeted by the USA now.

The USA inflation is going to shoot up fast and furious now as the government implements more anti-dumping measures.

China is Vietnam's largest export market now!

http://www.chinadaily.com.cn/a/201802/23/WS5a8fb353a3106e7dcc13da07.html

Vietnam has managed to export more goods to China after settling the South China Sea issue.

The Vietnamese leaders have great foresight.

http://sg-stock.blogspot.sg/2017/11/vietnam-and-china-have-resolved-south.html

http://sg-stock.blogspot.sg/2017/01/vietnam-forsakes-usa-and-deflects-to.html

Rotary Engineering - Stock calls


Date Analyst Company Last Target Call Valuation
02/26/16 Lim & Tan Rotary Engineering 0.31 0 Hold
05/09/16 Lim & Tan Rotary Engineering 0.38 0 Hold
09/16/16 Lim & Tan Rotary Engineering 0.39 0 Hold
11/09/16 Lim & Tan Rotary Engineering 0.39 0 Hold
10/02/17 Lim & Tan Rotary Engineering 0.41 0.46 Accept Offer Offer price $0.46

Riverstone - Stock calls


Date Analyst Code Company Last Target Call Percent Valuation
01/05/16 DBS Vickers AP4 Riverstone 2.4 2.83 Buy 17.92 PER20x FY16/17
02/05/16 Kim Eng AP4 Riverstone 0.97 1.3 Buy 34.02 Ex-Bonus 1-for-1
02/25/16 DMG & Partners AP4 Riverstone 0.98 1.18 Buy 20.41 DCF, PER18.4x FY16
02/26/16 CIMB AP4 Riverstone 1 1.07 Hold 7.00 PER16.4x CY17
02/26/16 DBS Vickers AP4 Riverstone 1 1.3 Buy 30.00 PER18x FY16/17
02/26/16 Kim Eng AP4 Riverstone 1 1.18 Buy 18.00 PER19x FY16
02/26/16 UOB Kay Hian AP4 Riverstone 1 1.23 Buy 23.00
03/23/16 Kim Eng AP4 Riverstone 0.975 1.18 Buy 21.03 PER19x
05/06/16 Kim Eng AP4 Riverstone 0.985 1 Hold 1.52
05/06/16 Lim & Tan AP4 Riverstone 0.985 0 Hold -100.00
05/06/16 UOB Kay Hian AP4 Riverstone 0.985 0.98 Hold -0.51 PER15x FY17, Buy @0.88
05/09/16 CIMB AP4 Riverstone 0.94 0.91 Reduce -3.19 PER16.4x CY17
05/10/16 DBS Vickers AP4 Riverstone 0.89 1 Hold 12.36 PER16x FY16/17
05/20/16 DMG & Partners AP4 Riverstone 0.875 1.02 Buy 16.57 DCF
06/23/16 CIMB AP4 Riverstone 0.885 0.91 Hold 2.82 PER17x CY17
07/05/16 DBS Vickers AP4 Riverstone 0.905 1 Hold 10.50 PER16x FY16/17
08/15/16 CIMB AP4 Riverstone 0.875 0.86 Hold -1.71 PER17x CY17
08/15/16 Kim Eng AP4 Riverstone 0.875 0.92 Hold 5.14
08/16/16 DBS Vickers AP4 Riverstone 0.885 0.96 Hold 8.47 PER16x FY16/17
10/12/16 DBS Vickers AP4 Riverstone 0.91 1.06 Hold 16.48
11/11/16 CIMB AP4 Riverstone 0.9 0.91 Hold 1.11 PER16.3x CY18
11/11/16 DBS Vickers AP4 Riverstone 0.9 0.97 Hold 7.78 PER16x FY17
11/11/16 Kim Eng AP4 Riverstone 0.9 0.92 Hold 2.22 PER16x FY17
11/14/16 UOB Kay Hian AP4 Riverstone 0.885 0.94 Hold 6.21
12/08/16 Kim Eng AP4 Riverstone 0.85 0.92 Hold 8.24
12/12/16 UOB Kay Hian AP4 Riverstone 0.855 0.94 Hold 9.94 PER16.4x FY17, Buy @ $0.80
01/03/17 DMG & Partners AP4 Riverstone 0.88 0.93 Neutral 5.68
02/24/17 CIMB AP4 Riverstone 0.91 0.91 Hold 0.00 PER16.4x CY18
02/24/17 Kim Eng AP4 Riverstone 0.91 0.83 Hold -8.79 PER16x FY17
05/05/17 Kim Eng AP4 Riverstone 0.885 1.05 Buy 18.64
05/05/17 Lim & Tan AP4 Riverstone 0.885 1.06 Buy 19.77 PER16x
05/08/17 CIMB AP4 Riverstone 0.96 1.11 Add 15.63 PER18.3x FY18
05/08/17 DBS Vickers AP4 Riverstone 0.96 1.07 Buy 11.46 PER16x FY18
08/04/17 Lim & Tan AP4 Riverstone 1.065 0 Hold -100.00
08/04/17 DBS Vickers AP4 Riverstone 1.065 1.07 Buy 0.47 PER16x FY18
08/07/17 CIMB AP4 Riverstone 1.05 1.2 Add 14.29 PER16.3x FY18
08/07/17 Kim Eng AP4 Riverstone 1.05 1.05 Hold 0.00
08/08/17 DBS Vickers AP4 Riverstone 1.055 1.09 Hold 3.32 PER16x FY18
11/09/17 Kim Eng AP4 Riverstone 1.065 1.05 Hold -1.41 PER16x FY18
11/09/17 DBS Vickers AP4 Riverstone 1.065 1.09 Hold 2.35

Stock calls for 23 February 2018


Date Analyst Company Last Target Call Valuation
02/23/18 DMG & Partners Breadtalk 1.75 2 Buy Sum of parts
02/23/18 DBS Vickers Breadtalk 1.75 2.05 Buy Sum of parts
02/23/18 DBS Vickers Sheng Siong 0.925 1.2 Buy PER25x FY18
02/23/18 CIMB Sunningdale 1.93 2.82 Add
02/23/18 UOB Kay Hian Sunningdale 1.93 2.51 Buy PER11.4x FY18
02/23/18 DBS Vickers Sunningdale 1.93 2.7 Buy PER13x FY18
02/23/18 Lim & Tan Sunningdale 1.93 0 Buy on weakness
02/23/18 UOB Kay Hian Venture 25.03 31.88 Buy PER19x FY18
02/23/18 CIMB Wilmar 3.04 4.1 Add
02/23/18 UOB Kay Hian Wilmar 3.04 4.1 Buy Sum of parts, PER14x FY18
02/23/18 OCBC Wilmar 3.04 3.51 Hold PER13.5x FY18/19

Philippines wants to form a military pact with China now.

https://www.todayonline.com/world/duterte-wants-create-balance-sending-troops-china-training

Besides asking China to secure the marine security in ASEAN, the Philippines is upping its ante by sending its troops to China for military training.  This development will require a military pact between China & Philippines.  Therefore, this will make it easier for China to have the excuse to secure a military base in the Philippines.

http://sg-stock.blogspot.sg/2018/02/philippines-wants-to-displace-singapore.html

The Philippines is fast becoming a leader in ASEAN because it has the political influences to spearhead any China developments in ASEAN.  To put things in perspective, China will discuss any ASEAN policy with the Philippines first before the future endeavour is being disseminated by the Philippines to ASEAN.  The ASEAN facilitator role is very important as the facilitator can influence China in the discussion and also get first-hand information from China.

Brutal rape in India again!

https://sg.news.yahoo.com/west-begal-horror-tribal-woman-155119782.html

Indian men are barbaric!  This kind of crime keeps repeating because the perpetrators are not heavily punished.

Just look at India raping crimes below.

http://sg-stock.blogspot.sg/2017/11/indian-man-raped-18-month-toddler.html

Thursday, February 22, 2018

Religare Health Trust - Stock calls


Date Analyst Company Last Target Call Valuation
01/08/16 DBS Vickers Religare Health Trust 0.995 0.97 Hold DDM
02/05/16 DBS Vickers Religare Health Trust 0.925 0.97 Hold DDM
05/17/16 CIMB Religare Health Trust 1.025 1.06 Hold
05/27/16 DBS Vickers Religare Health Trust 1.005 0.95 Hold
08/04/16 CIMB Religare Health Trust 1 1.11 Add DDM
10/12/16 DBS Vickers Religare Health Trust 1.05 0.95 Hold
10/17/16 CIMB Religare Health Trust 1.045 1.11 Add DDM
11/14/16 CIMB Religare Health Trust 0.885 0.89 Hold DDM
02/07/17 DBS Vickers Religare Health Trust 0.925 0.85 Hold DDM
02/08/17 CIMB Religare Health Trust 0.89 0.89 Hold DDM
05/24/17 DBS Vickers Religare Health Trust 0.92 0.85 Hold DDM, PB1x
08/07/17 CIMB Religare Health Trust 0.88 0.92 Hold DDM
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
02/14/18 CIMB Religare Health Trust 0.83 0.92 Hold DDM

Regal - Stock calls


Date Analyst Company Last Target Call Valuation
01/11/16 NRA Regal 0.16 0.32 Overweight RNAV (50% discount)
05/20/16 NRA Regal 0.1 0.382 Overweight
06/09/16 NRA Regal 0.1 0.382 Overweight
07/14/16 NRA Regal 0.118 0.35 Overweight RNAV (35% discount)
08/25/16 NRA Regal 0.14 0.33 Overweight
12/07/16 NRA Regal 0.148 0.315 Overweight RNAV (15% discount)
01/18/17 NRA Regal 0.145 0.315 Overweight
03/20/17 NRA Regal 0.149 0.3 Overweight RNAV (15% discount)
06/19/17 NRA Regal 0.143 0.3 Overweight
12/11/17 NRA Regal 0.135 0.3 Overweight

Stock calls for 22 February 2018


Date Analyst Company Last Target Call Valuation
02/22/18 Kim Eng Bukit Sembawang 6.13 8.25 Buy RNAV (20% discount)
02/22/18 UBS DBS 29.45 35 Buy
02/22/18 UOB Kay Hian KSH 0.76 1.08 Buy Sum of parts
02/22/18 UBS OCBC 13 14.5 Buy
02/22/18 phillip OCBC 13 13.94 Buy GGM, PB1.46x
02/22/18 DBS Vickers PACC Offshore 0.39 0.48 Buy PB1.4x
02/22/18 OCBC Sembcorp Marine 2.63 2.43 Hold
02/22/18 UOB Kay Hian Sembcorp Marine 2.63 1.9 Hold PB1.6x FY19, Buy @ $1.80
02/22/18 DBS Vickers Sembcorp Marine 2.63 2.9 Buy PB2.4x FY18
02/22/18 CIMB Sembcorp Marine 2.63 3.01 Add PB2.5x FY18
02/22/18 Phillip Thai Beverage 0.835 1.05 Buy Sum of parts
02/22/18 UBS UOB 27.6 27.5 Neutral