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Wednesday, May 16, 2018

First Resources - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners First Resources 1.9 1.8 Neutral
01/11/17 CIMB First Resources 1.915 2.32 Add
01/11/17 DBS Vickers First Resources 1.915 1.9 Hold
01/11/17 Kim Eng First Resources 1.915 1.97 Hold
01/31/17 UOB Kay Hian First Resources 1.955 1.98 Buy
02/01/17 Kim Eng First Resources 1.93 1.97 Hold
02/03/17 UOB Kay Hian First Resources 1.935 2.15 Buy PER17x FY17
02/06/17 DMG & Partners First Resources 1.965 2 Hold PER19x FY17
02/13/17 DBS Vickers First Resources 1.97 1.9 Hold
02/17/17 DBS Vickers First Resources 1.96 2.19 Buy
02/28/17 CIMB First Resources 1.87 2.32 Add PER13x FY18
03/01/17 DBS Vickers First Resources 1.885 2.15 Buy DCF
03/01/17 Kim Eng First Resources 1.885 1.97 Hold PER17x FY17
03/01/17 UOB Kay Hian First Resources 1.885 2.15 Buy PER17x FY17
03/09/17 DMG & Partners First Resources 1.94 1.9 Neutral
04/11/17 DMG & Partners First Resources 1.915 1.8 Neutral
05/02/17 UOB Kay Hian First Resources 1.875 2.15 Buy PER17x FY17
05/12/17 CIMB First Resources 1.96 2.32 Add PER13x FY18
05/12/17 Kim Eng First Resources 1.96 1.97 Hold PER17x FY17
05/15/17 DMG & Partners First Resources 1.955 2.05 Neutral PER17x FY17
05/16/17 DBS Vickers First Resources 2 2.15 Buy DCF
06/29/17 UOB Kay Hian First Resources 1.915 1.95 Hold
07/11/17 DBS Vickers First Resources 1.89 2.15 Buy
07/20/17 UOB Kay Hian First Resources 1.885 1.95 Hold PER16x FY18, Buy @ $1.75
08/14/17 Kim Eng First Resources 1.84 1.97 Hold PER17x FY17
08/14/17 DMG & Partners First Resources 1.84 2.05 Neutral PER17x FY17
08/15/17 CIMB First Resources 1.84 2.32 Add PER13x FY18
08/15/17 DBS Vickers First Resources 1.84 2.13 Buy DCF
08/21/17 UOB Kay Hian First Resources 1.8 1.95 Hold
08/28/17 DIR First Resources 1.905 2.11 Outperform PER13x FY17/18
09/11/17 Kim Eng First Resources 1.88 1.97 Hold
09/13/17 DBS Vickers First Resources 1.885 2.13 Buy
10/09/17 UOB Kay Hian First Resources 1.925 1.95 Hold PER16x FY18, Buy @ $1.75
10/11/17 Kim Eng First Resources 1.93 2.04 Hold PER17x FY17
10/11/17 CIMB First Resources 1.93 2.32 Add
11/02/17 Credit Suisse First Resources 1.98 2.3 Neutral PER16x FY18
11/03/17 CIMB First Resources 1.96 2.32 Add
11/13/17 Kim Eng First Resources 1.94 2.04 Hold PER17x FY17
11/13/17 DBS Vickers First Resources 1.94 2.13 Buy
11/14/17 Kim Eng First Resources 1.95 2.04 Hold PER17x FY17
11/14/17 DMG & Partners First Resources 1.95 2.13 Neutral PER13x FY18
11/14/17 CIMB First Resources 1.95 2.13 Add PER13x FY19
11/15/17 DBS Vickers First Resources 1.93 2.18 Buy DCF, PER14.5x FY18
11/15/17 UOB Kay Hian First Resources 1.93 1.95 Hold PER16x FY18, Buy @ $1.75
11/15/17 Credit Suisse First Resources 1.93 2.3 Neutral
12/04/17 CIMB First Resources 1.88 2.13 Add
12/13/17 Kim Eng First Resources 1.88 2.04 Hold
12/13/17 DMG & Partners First Resources 1.88 2.03 Neutral PER12x FY18
01/04/18 CIMB First Resources 1.88 2.13 Add
01/15/18 DBS Vickers First Resources 1.87 2.18 Buy
02/08/18 UOB Kay Hian First Resources 1.84 1.95 Hold PER16x FY18x, Buy @ $1.75
02/13/18 Kim Eng First Resources 1.75 2.04 Hold
02/27/18 Kim Eng First Resources 1.76 2.2 Buy PER17x FY18
02/27/18 DMG & Partners First Resources 1.76 1.75 Neutral PER12x FY18
02/28/18 DBS Vickers First Resources 1.79 2.18 Buy DCF, PER15.8x FY18
02/28/18 CIMB First Resources 1.79 2.03 Add PER15x CY19
02/28/18 Credit Suisse First Resources 1.79 2.3 Neutral
03/05/18 Kim Eng First Resources 1.76 2.2 Buy
03/07/18 UOB Kay Hian First Resources 1.76 1.95 Hold PER16x FY18
03/14/18 DBS Vickers First Resources 1.75 2.18 Buy
04/03/18 DBS Vickers First Resources 1.68 2.18 Buy
05/07/18 UOB Kay Hian First Resources 1.69 1.6 Hold PER13x FY18, Buy @ $1.40
05/15/18 CIMB First Resources 1.61 2.03 Add PER15x CY19
05/15/18 DMG & Partners First Resources 1.61 1.75 Neutral PER12x FY18
05/16/18 DMG & Partners First Resources 1.56 1.6 Neutral PER12x FY18
05/16/18 DBS Vickers First Resources 1.56 2.18 Buy

First Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/19/17 CIMB First Reit 1.305 1.26 Hold
01/19/17 OCBC First Reit 1.305 1.32 Hold
01/19/17 phillip First Reit 1.305 1.32 Accumulate DDM
03/16/17 OCBC First Reit 1.285 1.32 Hold
04/18/17 CIMB First Reit 1.345 1.36 Hold DDM
04/18/17 OCBC First Reit 1.345 1.32 Hold Buy @ $1.25 or lower
04/18/17 phillip First Reit 1.345 1.32 Hold DDM
05/25/17 OCBC First Reit 1.31 1.32 Hold
07/18/17 OCBC First Reit 1.335 1.32 Hold
07/18/17 Lim & Tan First Reit 1.335 0 Hold
07/19/17 phillip First Reit 1.34 1.32 Neutral DDM, PB1.22x FY17
07/19/17 CIMB First Reit 1.34 1.36 Hold DDM
08/17/17 OCBC First Reit 1.33 1.38 Hold
10/03/17 OCBC First Reit 1.335 1.38 Hold
10/05/17 Amfrasers First Reit 1.36 1.38 Not Rated DCF
10/20/17 phillip First Reit 1.37 1.32 Neutral DDM
10/24/17 OCBC First Reit 1.38 1.44 Buy
10/25/17 CIMB First Reit 1.38 1.39 Hold DDM
12/11/17 OCBC First Reit 1.39 1.44 Buy
01/18/18 Lim & Tan First Reit 1.4 0 Hold
01/19/18 CIMB First Reit 1.41 1.44 Hold DDM
01/19/18 OCBC First Reit 1.41 1.48 Buy
01/23/18 phillip First Reit 1.42 1.32 Neutral DDM
04/18/18 CIMB First Reit 1.37 1.44 Hold DDM
04/19/18 phillip First Reit 1.37 1.31 Neutral PB1.19x FY18
04/19/18 OCBC First Reit 1.37 1.48 Buy

Far East Hospitality - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/17 DBS Vickers Far East Hospitality 0.6 0.62 Hold DCF
02/23/17 CIMB Far East Hospitality 0.595 0.57 Hold DDM
02/23/17 OCBC Far East Hospitality 0.595 0.6 Hold
02/24/17 DBS Vickers Far East Hospitality 0.6 0.63 Hold DCF
05/15/17 DBS Vickers Far East Hospitality 0.6 0.66 Buy DCF
05/15/17 OCBC Far East Hospitality 0.6 0.6 Hold
06/15/17 CIMB Far East Hospitality 0.65 0.63 Hold DDM
06/16/17 DBS Vickers Far East Hospitality 0.65 0.66 Buy
08/04/17 OCBC Far East Hospitality 0.67 0.6 Hold
08/07/17 OCBC Far East Hospitality 0.67 0.66 Hold
08/07/17 CIMB Far East Hospitality 0.67 0.66 Hold DDM
08/08/17 DBS Vickers Far East Hospitality 0.67 0.7 Buy DCF
09/04/17 CIMB Far East Hospitality 0.66 0.66 Hold
11/03/17 OCBC Far East Hospitality 0.715 0.65 Hold
11/03/17 CIMB Far East Hospitality 0.715 0.69 Hold DDM
11/03/17 DBS Vickers Far East Hospitality 0.715 0.76 Buy DCF
12/14/17 CIMB Far East Hospitality 0.71 0.69 Hold DDM
01/04/18 CIMB Far East Hospitality 0.725 0.84 Add
01/15/18 CIMB Far East Hospitality 0.72 0.82 Add DDM
02/19/18 OCBC Far East Hospitality 0.715 0.75 Buy
03/09/18 OCBC Far East Hospitality 0.72 0.75 Buy
04/10/18 CIMB Far East Hospitality 0.68 0.79 Add DDM
04/17/18 DBS Vickers Far East Hospitality 0.68 0.76 Buy DCF
04/27/18 OCBC Far East Hospitality 0.675 0.735 Buy

Stock calls for 16 May 2018


Date Analyst Company Last Target Call Valuation
05/16/18 DMG & Partners Amara 0.515 0.88 Buy PB0.65x
05/16/18 DMG & Partners Avi-Tech 0.44 0.43 Neutral DCF, PER11.5x FY19
05/16/18 UOB Kay Hian Banyan Tree 0.58 1 Buy Sum of parts
05/16/18 CIMB Best World 1.29 1.39 Hold PER12.5x CY19
05/16/18 DMG & Partners First Resources 1.56 1.6 Neutral PER12x FY18
05/16/18 DBS Vickers First Resources 1.56 2.18 Buy
05/16/18 DMG & Partners Fu Yu 0.186 0.2 Neutral DCF
05/16/18 UOB Kay Hian Golden Agri 0.35 0.26 Sell PER14x FY18
05/16/18 CIMB Golden Agri 0.35 0.31 Reduce Sum of parts (10% discount)
05/16/18 OCBC Golden Agri 0.35 0.34 Hold
05/16/18 Kim Eng HMI 0.665 0.8 Buy
05/16/18 CIMB Jadason 0.05 0.077 Add PB1x CY18
05/16/18 UOB Kay Hian Jumbo 0.54 0.53 Hold DCF, Buy @ $0.48
05/16/18 OCBC Netlink 0.82 0.9 Buy
05/16/18 DBS Vickers Netlink 0.82 0.97 Buy DCF
05/16/18 phillip Q & M 0.605 0.625 Neutral PER27x FY18
05/16/18 Lim & Tan SIA Engineering 3.33 0 Hold
05/16/18 DMG & Partners Silverlake 0.55 0.65 Buy DCF, PER21x FY19
05/16/18 CIMB Silverlake 0.55 0.56 Add DCF
05/16/18 UOB Kay Hian Singapore Medical 0.505 0.74 Buy PER26.8x FY18
05/16/18 DMG & Partners Singapore Medical 0.505 0.68 Buy DCF
05/16/18 DBS Vickers Singapore Medical 0.505 0.73 Buy PER25x FY19
05/16/18 DMG & Partners Spackman 0.073 0.1 Buy DCF, PER14x FY18
05/16/18 DBS Vickers Thai Beverage 0.8 1.02 Buy
05/16/18 Kim Eng Viva Industrial 0.89 1.05 Buy DDM
05/16/18 CIMB Yongnam 0.31 0.56 Add PB0.8x FY19

US bond yields are rising!

We had stated previously in our postings that US bond yields would be rising because investors would wake up from their denial as economic logic would prevail.

The US bond yields are rising now and will continue to rise for 2018 and 2019.

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

Tuesday, May 15, 2018

F & N - Stock calls


Date Analyst Company Last Target Call Valuation
02/09/17 DBS Vickers F & N 2.11 2.37 Hold Sum of parts
02/10/17 phillip F & N 2.12 1.8 Reduce EV/Ebitda15x
03/24/17 DMG & Partners F & N 2.22 2.76 Not Rated Sum of parts
04/17/17 phillip F & N 2.35 1.8 Reduce
05/09/17 DBS Vickers F & N 2.4 2.37 Hold Sum of parts
05/11/17 phillip F & N 2.38 2.31 Neutral Sum of parts
06/29/17 DBS Vickers F & N 2.34 2.57 Hold Sum of parts
08/10/17 DBS Vickers F & N 2.44 2.57 Hold Sum of parts, PER24.4x FY18
08/10/17 phillip F & N 2.44 2.52 Neutral Sum of parts
11/13/17 phillip F & N 2.6 2.83 Accumulate Sum of parts, PER27.1x FY18
12/04/17 phillip F & N 2.58 2.83 Accumulate
02/13/18 phillip F & N 2.39 2.83 Accumulate Sum of parts, PER27.1x FY18
03/19/18 phillip F & N 2.25 2.83 Buy
04/16/18 phillip F & N 2.12 2.83 Buy
05/10/18 phillip F & N 2.08 2.75 Buy Sum of parts

Ezion - Stock calls


Date Analyst Company Last Target Call Valuation
01/13/17 DBS Vickers Ezion 0.415 0.56 Buy
01/13/17 OCBC Ezion 0.415 0.54 Buy PB0.55x
02/20/17 CIMB Ezion 0.38 0.44 Add PB0.45x FY17
02/20/17 Lim & Tan Ezion 0.38 0 Reduce
02/20/17 OCBC Ezion 0.38 0.54 Buy PB0.55x FY17
02/20/17 UOB Kay Hian Ezion 0.38 0.39 Hold
02/24/17 CIMB Ezion 0.395 0.45 Add PB0.5x FY17
02/24/17 DBS Vickers Ezion 0.395 0.62 Buy PB0.7x FY17
02/24/17 UOB Kay Hian Ezion 0.395 0.45 Buy PB0.65x FY17
02/27/17 phillip Ezion 0.395 0.45 Accumulate DCF
03/08/17 Lim & Tan Ezion 0.37 0 Hold
03/17/17 CIMB Ezion 0.35 0.45 Add PB0.5x FY17
03/17/17 DIR Ezion 0.35 0.31 Underperform Sum of parts
04/10/17 DBS Vickers Ezion 0.365 0.62 Buy
05/12/17 OCBC Ezion 0.31 0.54 Buy
05/15/17 Amfrasers Ezion 0.31 0.25 Sell PB0.3x FY17
05/15/17 CIMB Ezion 0.31 0.26 Reduce PB0.3x FY17
05/15/17 DIR Ezion 0.31 0.29 Underperform Sum of parts
05/15/17 phillip Ezion 0.31 0.4 Buy DCF
05/15/17 UOB Kay Hian Ezion 0.31 0.33 Hold PB0.5x FY17, Buy @ $0.28
05/16/17 DBS Vickers Ezion 0.295 0.62 Buy PB0.7x FY17
05/23/17 OCBC Ezion 0.295 0.32 Hold
06/14/17 UOB Kay Hian Ezion 0.25 0.33 Hold
08/15/17 CIMB Ezion 0.2 0.13 Reduce PB0.15x
08/15/17 DBS Vickers Ezion 0.2 0.13 Fully Valued PB0.15x
08/16/17 phillip Ezion 0.197 0 Suspended
11/10/17 DBS Vickers Ezion 0.197 0.13 Fully Valued PB0.15x FY17
01/12/18 CIMB Ezion 0.197 0.13 Reduce PB0.15x CY17
04/04/18 DBS Vickers Ezion 0.197 0.13 Fully Valued
04/10/18 DBS Vickers Ezion 0.197 0.29 Buy PB1.4x FY18
04/17/18 UOB Kay Hian Ezion 0.197 0.18 Hold PB1x FY19, Buy @ $0.151
04/25/18 Amfrasers Ezion 0.158 0.1 Sell RNAV
05/15/18 DBS Vickers Ezion 0.115 0.29 Buy PB1.4x FY18

ESR-Reit - Stock calls


Date
Analyst
Company
Last
Target
Call
Valuation
01/09/17
DBS Vickers
ESR-Reit
0.55
0.54
Hold
DCF
01/09/17
CIMB
ESR-Reit
0.55
0.55
Hold

01/26/17
DBS Vickers
ESR-Reit
0.565
0.6
Buy

01/26/17
DIR
ESR-Reit
0.565
0.59
Outperform
DDM
01/26/17
DMG & Partners
ESR-Reit
0.565
0.64
Buy
DDM
04/18/17
DIR
ESR-Reit
0.585
0.59
Outperform

04/27/17
DBS Vickers
ESR-Reit
0.58
0.6
Buy

05/24/17
DIR
ESR-Reit
0.57
0.57
Hold
DDM
07/06/17
DIR
ESR-Reit
0.605
0.57
Hold
DDM
07/14/17
CIMB
ESR-Reit
0.6
0.56
Hold
DDM
07/18/17
DBS Vickers
ESR-Reit
0.595
0.6
Hold

10/19/17
DIR
ESR-Reit
0.58
0.57
Hold
DDM
10/19/17
CIMB
ESR-Reit
0.58
0.57
Hold
DDM
10/19/17
DBS Vickers
ESR-Reit
0.58
0.6
Hold

12/11/17
DBS Vickers
ESR-Reit
0.565
0.62
Buy

12/15/17
CIMB
ESR-Reit
0.56
0.63
Add
DDM
01/17/18
Lim & Tan
ESR-Reit
0.575
0
Hold

01/18/18
CIMB
ESR-Reit
0.575
0.64
Add
DDM
01/18/18
DBS Vickers
ESR-Reit
0.575
0.63
Buy

04/23/18
DBS Vickers
ESR-Reit
0.54
0.63
Buy

04/23/18
CIMB
ESR-Reit
0.54
0.6
Add
DDM

Stock calls for 15 May 2018


Date Analyst Company Last Target Call Valuation
05/15/18 DBS Vickers Ascendas India Trust 1.05 1.22 Buy
05/15/18 DBS Vickers Best World 1.45 1.29 Fully Valued PER15x FY18/19
05/15/18 phillip City Developments 12.4 13.4 Accumulate RNAV (15% discount), PB1.29x FY18
05/15/18 Lim & Tan City Developments 12.4 15 Buy
05/15/18 UOB Kay Hian Cityneon 1.06 1.55 Buy PER15.4x FY18
05/15/18 CIMB Cityneon 1.06 1.16 Hold PER11x FY19
05/15/18 Kim Eng Comfortdelgro 2.34 2.65 Buy
05/15/18 DBS Vickers Ezion 0.115 0.29 Buy PB1.4x FY18
05/15/18 CIMB First Resources 1.61 2.03 Add PER15x CY19
05/15/18 DMG & Partners First Resources 1.61 1.75 Neutral PER12x FY18
05/15/18 UOB Kay Hian ISDN 0.21 0.365 Buy
05/15/18 DBS Vickers Jumbo 0.56 0.58 Hold PER23x FY18/19
05/15/18 Amfrasers Mindchamps 0.78 0.86 Buy PER23.2x FY18
05/15/18 OCBC Netlink 0.815 0.91 Buy
05/15/18 OCBC Roxy-Pacific 0.515 0.6 Buy
05/15/18 CIMB Sarine 1.03 1.53 Add PER17.2x CY19
05/15/18 phillip Singapore O&G 0.38 0.42 Accumulate PB1.82x FY18, PER23.2x
05/15/18 DBS Vickers Singapore Post 1.37 1.55 Buy DCF
05/15/18 CIMB UMS 1.07 1.21 Add PB2.81x
05/15/18 DBS Vickers UOL 8.61 10.23 Buy

Monday, May 14, 2018

China's moves on USA pork & apple are forcing Trump to back down.

http://sg-stock.blogspot.sg/2018/05/china-is-targeting-usa-agricultural.html

http://sg-stock.blogspot.sg/2018/05/china-is-also-targeting-usa-pork-now.html

https://sg.finance.yahoo.com/news/china-says-appreciates-u-position-zte-080108847--finance.html

Trump has tweeted that he will help China ZTE to get back into the business fast.

This shows that China's moves to hurt Trump's supporters are working successfully.

Kudos to China!

Ellipsiz - Stock calls


Date Analyst Company Last Target Call Valuation
08/22/17 Lim & Tan Ellipsiz 0.665 0 Buy

EC World Reit - Stock calls


Date Analyst Company Last Target Call Valuation
03/02/17 Religare EC World Reit 0.74 0.92 Buy
05/16/17 Religare EC World Reit 0.765 0.92 Buy
04/16/18 Soochow EC World Reit 0.735 0.88 Buy

Dyna-Mac - Stock calls


Date Analyst Company Last Target Call Valuation
03/22/18 CIMB Dyna-Mac 0.13 0.18 Add PB1.8x CY18

Stock calls for 14 May 2018


Date Analyst Company Last Target Call Valuation
05/14/18 Phillip 800Super 1.12 1.3 Accumulate DCF, PER19.1x FY18
05/14/18 phillip China Everbright 0.43 0.55 Buy PER11.4x FY18
05/14/18 OCBC City Developments 12.53 15.78 Buy
05/14/18 DBS Vickers City Developments 12.53 15.4 Buy
05/14/18 CIMB City Developments 12.53 13.41 Add RNAV (20% discount)
05/14/18 DMG & Partners City Developments 12.53 15 Buy RNAV (10% discount)
05/14/18 Kim Eng City Developments 12.53 14.2 Buy
05/14/18 phillip Comfortdelgro 2.33 2.48 Accumulate DCF, PER17.8x FY18
05/14/18 UOB Kay Hian Comfortdelgro 2.33 2.43 Buy PER16.6x FY19
05/14/18 DBS Vickers Comfortdelgro 2.33 2.12 Hold
05/14/18 OCBC Comfortdelgro 2.33 2.5 Buy
05/14/18 CIMB Comfortdelgro 2.33 2.37 Hold DCF
05/14/18 DMG & Partners Comfortdelgro 2.33 2.2 Neutral DCF
05/14/18 CIMB CSE Global 0.46 0.5 Add
05/14/18 DMG & Partners Food Empire 0.67 1.07 Buy PER18x FY18
05/14/18 DMG & Partners Genting 1.28 1.42 Buy DCF
05/14/18 OCBC OUE 1.81 2.25 Buy
05/14/18 CIMB Riverstone 1 1.28 Add
05/14/18 UOB Kay Hian Singapore Post 1.36 1.59 Buy Sum of parts
05/14/18 Kim Eng Singapore Post 1.36 1.5 Buy DCF
05/14/18 CIMB Singapore Post 1.36 1.59 Add DCF
05/14/18 CIMB ST Engineering 3.39 3.8 Add DCF & PER20x CY19
05/14/18 DBS Vickers ST Engineering 3.39 4.1 Buy
05/14/18 DMG & Partners ST Engineering 3.39 4.04 Buy
05/14/18 DMG & Partners UG Healthcare 0.205 0.32 Buy PER14x FY19
05/14/18 DBS Vickers UMS 1.04 1.37 Buy PER12x FY19
05/14/18 OCBC UOL 8.72 10.63 Buy
05/14/18 CIMB UOL 8.72 9.65 Add RNAV (20% discount)
05/14/18 Lim & Tan UOL 8.72 0 Buy
05/14/18 UOB Kay Hian Wilmar 3.16 3.9 Buy Sum of parts, PER14.5x FY18
05/14/18 DBS Vickers Wilmar 3.16 3.65 Buy DCF, PER14.4x FY18
05/14/18 OCBC Wilmar 3.16 3.51 Buy
05/14/18 DMG & Partners Wilmar 3.16 3.59 Buy Sum of parts

Saturday, May 12, 2018

Baltic dry index - 1472

Today, Friday, May 11 2018, the Baltic Dry Index climbed by 19 points, reaching 1472 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 - 1045

HOUSTON (AP) - The number of rigs exploring for oil and natural gas in the U.S. increased by 13 this week to 1,045.
At this time a year ago there were 885 active rigs.
Houston oilfield services company Baker Hughes reported Friday that 844 rigs drilled for oil this week and 199 for gas. Two were listed as miscellaneous.
Among major oil- and gas-producing states, Texas added eight rigs, Colorado and Oklahoma each gained three, Alaska added two and Louisiana and West Virginia each gained one.
New Mexico declined by four rigs and Wyoming lost one.
Arkansas, California, North Dakota, Ohio, Pennsylvania and Utah were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.

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Related stocks: Keppel Corp, Sembcorp Marine & Cosco