https://www.aseanbreakingnews.com/2018/06/jb-spore-rail-link-johor-needs-to-acquire-more-land/
Oh great! Malaysia has come up with a reason to delay the JB-SG MRT. Land acquisition usually takes time and Malaysia is using this excuse to delay the JB-SG MRT construction.
Look like Mahathir has upped his ante against SG.
http://sg-stock.blogspot.com/2018/06/mahathir-is-trying-to-skin-singapore.html
Sunday, June 24, 2018
Saturday, June 23, 2018
Baltic dry index - 1341
Today, Friday, June 22 2018, the Baltic Dry Index decreased by 6 points, reaching 1341 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.
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 - 1052
HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. decreased by seven this week to 1,052.
At this time a year ago there were 941 active rigs.
Houston oilfield services company Baker Hughes reported Friday that 862 rigs drilled for oil this week and 188 for gas. Two were listed as miscellaneous.
Among major oil- and gas-producing states, Alaska gained two rigs and Wyoming added one.
Louisiana lost four rigs and Oklahoma decreased by two. Colorado, North Dakota, Pennsylvania and Texas each lost one.
Arkansas, California, New Mexico, Ohio, Utah 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, June 22, 2018
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) |
04/24/18 | DBS Vickers | Lian Beng | 0.625 | 0.85 | Not Rated | Sum of parts |
KSH - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
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 | |
02/12/18 | Lim & Tan | KSH | 0.705 | 0 | Hold | |
02/13/18 | OCBC | KSH | 0.695 | 0.79 | Hold | |
02/22/18 | UOB Kay Hian | KSH | 0.76 | 1.08 | Buy | Sum of parts |
06/01/18 | Lim & Tan | KSH | 0.645 | 0 | Hold | |
06/04/18 | OCBC | KSH | 0.635 | 0.98 | Buy | |
06/07/18 | UOB Kay Hian | KSH | 0.65 | 1.04 | Buy | Sum of parts |
Stock calls for 22 June 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
06/22/18 | DMG & Partners | Breadtalk | 1 | 0.93 | Neutral | |
06/22/18 | UOB Kay Hian | CapitaCommercial | 1.64 | 2.11 | Buy | DDM |
06/22/18 | DMG & Partners | Dairy Farm | 8.83 | 9.66 | Buy | |
06/22/18 | DMG & Partners | Food Empire | 0.65 | 1.07 | Buy | |
06/22/18 | DMG & Partners | Japan Foods | 0.5 | 0.63 | Buy | |
06/22/18 | Kim Eng | Japfa | 0.625 | 0.86 | Buy | Sum of parts, PER14x FY18 |
06/22/18 | DMG & Partners | Kimly | 0.345 | 0.43 | Buy | |
06/22/18 | DMG & Partners | SGX | 7.25 | 9 | Buy | PER24x FY19 |
06/22/18 | DMG & Partners | Sheng Siong | 1 | 1.18 | Buy | |
06/22/18 | DMG & Partners | Thai Beverage | 0.77 | 1.06 | Buy | |
06/22/18 | Kim Eng | Top Glove | 3.81 | 4.4 | Buy |
Thursday, June 21, 2018
Lee Hsien Yang has left CAAS!
https://www.channelnewsasia.com/news/singapore/edmund-cheng-to-replace-lee-hsien-yang-as-caas-chairman-10455184
I believe the deceased LKY wouldn't expect that his elder son LHL would go after his younger son LHY and his grandson. He also wouldn't expect that his Lee family would break up like this.
I believe the deceased LKY wouldn't expect that his elder son LHL would go after his younger son LHY and his grandson. He also wouldn't expect that his Lee family would break up like this.
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 |
04/16/18 | DMG & Partners | Kimly | 0.34 | 0.43 | Buy | DCF, PER22.8x FY18 |
05/09/18 | DMG & Partners | Kimly | 0.345 | 0.43 | Buy | DCF, PER22.8x FY18 |
Kim Heng - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/03/17 | OCBC | Kim Heng | 0.075 | 0.089 | Hold | PB0.8x FY17 |
Stock calls for 21 June 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
06/21/18 | UOB Kay Hian | Bumitama | 0.65 | 0.8 | Buy | |
06/21/18 | UOB Kay Hian | First Resources | 1.55 | 1.6 | Hold | |
06/21/18 | UOB Kay Hian | Golden Agri | 0.33 | 0.26 | Sell | |
06/21/18 | OCBC | Mapletree Logistics | 1.22 | 1.34 | Buy | |
06/21/18 | UOB Kay Hian | Wilmar | 3.12 | 3.9 | Buy |
US pulls out of UN human rights council to have a free rein in immigration treatment.
https://www.bbc.com/news/44537372
https://edition.cnn.com/2018/06/18/us/texas-deputy-child-sex-assault-charge-trnd/index.html
The US government separates parents and kids and leave the kids to fend for themselves. The kids are subjected to abuses and not given proper blankets.
If the US is still in the UN human rights council, it will have to abide by the human rights council rules. What a perfect timing to pull out of the council!
https://edition.cnn.com/2018/06/18/us/texas-deputy-child-sex-assault-charge-trnd/index.html
The US government separates parents and kids and leave the kids to fend for themselves. The kids are subjected to abuses and not given proper blankets.
If the US is still in the UN human rights council, it will have to abide by the human rights council rules. What a perfect timing to pull out of the council!
Wednesday, June 20, 2018
Keppel T&T - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/03/17 | UOB Kay Hian | Keppel T&T | 1.715 | 2.53 | Buy | |
01/26/17 | CIMB | Keppel T&T | 1.765 | 1.7 | Hold | Sum of parts (20% discount) |
01/26/17 | UOB Kay Hian | Keppel T&T | 1.765 | 2.51 | Buy | Sum of parts |
03/21/17 | UOB Kay Hian | Keppel T&T | 1.75 | 2.51 | Buy | |
04/07/17 | Lim & Tan | Keppel T&T | 1.765 | 0 | Buy | |
04/19/17 | CIMB | Keppel T&T | 1.755 | 1.73 | Hold | Sum of parts (20% discount) |
04/19/17 | UOB Kay Hian | Keppel T&T | 1.755 | 2.51 | Buy | Sum of parts |
05/17/17 | UOB Kay Hian | Keppel T&T | 1.745 | 2.51 | Buy | Sum of parts |
09/08/17 | UOB Kay Hian | Keppel T&T | 1.5 | 1.9 | Buy | Sum of parts |
10/02/17 | UOB Kay Hian | Keppel T&T | 1.49 | 1.9 | Buy | Sum of parts |
01/25/18 | UOB Kay Hian | Keppel T&T | 1.7 | 1.9 | Buy | Sum of parts |
04/18/18 | UOB Kay Hian | Keppel T&T | 1.57 | 1.75 | Buy | PER30.1x FY19 |
Keppel Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/09/17 | DBS Vickers | Keppel Reit | 1.05 | 1.23 | Buy | DCF |
01/09/17 | Morgan Stanley | Keppel Reit | 1.05 | 0.9 | Underweight | |
01/11/17 | Kim Eng | Keppel Reit | 1.055 | 1.21 | Buy | |
01/25/17 | CIMB | Keppel Reit | 1.045 | 1.03 | Hold | DDM |
01/25/17 | Credit Suisse | Keppel Reit | 1.045 | 0.97 | Neutral | |
01/25/17 | DIR | Keppel Reit | 1.045 | 0.95 | Underperform | DDM |
01/25/17 | DMG & Partners | Keppel Reit | 1.045 | 0.99 | Neutral | DDM |
01/25/17 | Kim Eng | Keppel Reit | 1.045 | 1.18 | Buy | |
01/25/17 | Religare | Keppel Reit | 1.045 | 1.02 | Hold | |
01/25/17 | UOB Kay Hian | Keppel Reit | 1.045 | 1.21 | Buy | DDM |
02/07/17 | DIR | Keppel Reit | 1.19 | 0.92 | Underperform | DDM |
02/09/17 | Credit Suisse | Keppel Reit | 1.02 | 1 | Neutral | |
02/17/17 | JP Morgan | Keppel Reit | 1.015 | 1.15 | Overweight | |
02/28/17 | Deutsche | Keppel Reit | 1.025 | 1 | Hold | |
03/07/17 | UOB Kay Hian | Keppel Reit | 1.02 | 1.21 | Buy | |
03/10/17 | DMG & Partners | Keppel Reit | 1.01 | 0.99 | Neutral | |
03/17/17 | DBS Vickers | Keppel Reit | 1.015 | 1.23 | Buy | |
04/07/17 | DMG & Partners | Keppel Reit | 1.055 | 0.99 | Neutral | DDM |
04/11/17 | UOB Kay Hian | Keppel Reit | 1.055 | 1.21 | Buy | |
04/18/17 | DIR | Keppel Reit | 1.055 | 0.92 | Underperform | DDM |
04/18/17 | Kim Eng | Keppel Reit | 1.055 | 1.18 | Buy | Yield 5.25% |
04/20/17 | CIMB | Keppel Reit | 1.07 | 1.09 | Hold | DDM |
04/21/17 | DIR | Keppel Reit | 1.05 | 0.94 | Underperform | DDM |
05/18/17 | DBS Vickers | Keppel Reit | 1.065 | 1.23 | Buy | |
05/18/17 | Deutsche | Keppel Reit | 1.065 | 1.1 | Hold | |
05/25/17 | UOB Kay Hian | Keppel Reit | 1.095 | 1.3 | Buy | |
06/12/17 | DBS Vickers | Keppel Reit | 1.14 | 1.23 | Buy | |
06/22/17 | Deutsche | Keppel Reit | 1.145 | 1.1 | Hold | |
06/22/17 | OCBC | Keppel Reit | 1.145 | 1.23 | Buy | |
07/03/17 | DIR | Keppel Reit | 1.145 | 0.98 | Underperform | DDM |
07/11/17 | Kim Eng | Keppel Reit | 1.15 | 1.18 | Buy | |
07/12/17 | DMG & Partners | Keppel Reit | 1.16 | 0.99 | Neutral | |
07/19/17 | UOB Kay Hian | Keppel Reit | 1.17 | 1.3 | Buy | DDM |
07/19/17 | DMG & Partners | Keppel Reit | 1.17 | 1.05 | Neutral | DDM |
07/19/17 | Credit Suisse | Keppel Reit | 1.17 | 0.97 | Underperform | |
07/19/17 | CIMB | Keppel Reit | 1.17 | 1.16 | Hold | DDM |
07/19/17 | Kim Eng | Keppel Reit | 1.17 | 1.18 | Hold | |
07/19/17 | DBS Vickers | Keppel Reit | 1.17 | 1.23 | Buy | DCF |
08/01/17 | DBS Vickers | Keppel Reit | 1.16 | 1.23 | Buy | |
09/21/17 | DMG & Partners | Keppel Reit | 1.175 | 1.05 | Neutral | |
09/25/17 | Kim Eng | Keppel Reit | 1.165 | 1.18 | Hold | |
10/19/17 | DMG & Partners | Keppel Reit | 1.195 | 1.05 | Neutral | |
10/19/17 | DBS Vickers | Keppel Reit | 1.195 | 1.28 | Buy | DCF |
10/19/17 | DIR | Keppel Reit | 1.195 | 0.98 | Underperform | DDM |
10/19/17 | UOB Kay Hian | Keppel Reit | 1.195 | 1.3 | Buy | DDM |
10/19/17 | CIMB | Keppel Reit | 1.195 | 1.2 | Hold | DDM |
11/03/17 | Morgan Stanley | Keppel Reit | 1.175 | 0.95 | Underweight | Target Yield 6.5% |
11/28/17 | Macquarie | Keppel Reit | 1.25 | 1.3 | Outperform | |
12/01/17 | UOB Kay Hian | Keppel Reit | 1.26 | 1.43 | Buy | |
12/18/17 | DBS Vickers | Keppel Reit | 1.25 | 1.39 | Buy | |
12/18/17 | Kim Eng | Keppel Reit | 1.25 | 1.19 | Hold | Target yield 5.25%, Up from $1.16 |
01/04/18 | Deutsche | Keppel Reit | 1.27 | 1.25 | Hold | |
01/05/18 | DMG & Partners | Keppel Reit | 1.27 | 1.05 | Neutral | |
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 | DDM |
02/14/18 | Deutsche | Keppel Reit | 1.18 | 1.3 | Buy | |
03/19/18 | DBS Vickers | Keppel Reit | 1.21 | 1.41 | Buy | |
04/19/18 | UOB Kay Hian | Keppel Reit | 1.2 | 1.43 | Buy | DDM |
04/19/18 | DBS Vickers | Keppel Reit | 1.2 | 1.41 | Buy | |
04/19/18 | Lim & Tan | Keppel Reit | 1.2 | 0 | Hold | |
05/17/18 | DMG & Partners | Keppel Reit | 1.18 | 1.06 | Sell |
Stock calls for 20 June 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
06/20/18 | Kim Eng | Bukit Sembawang | 6.04 | 8.55 | Buy | |
06/20/18 | Kim Eng | Capitaland | 3.31 | 4.1 | Buy | |
06/20/18 | CIMB | China Aviation Oil | 1.52 | 2.03 | Add | PER12.5x CY19 |
06/20/18 | UOB Kay Hian | Citic Envirotech | 0.56 | 1.06 | Buy | DCF, PER11.6x FY19 |
06/20/18 | DMG & Partners | Delfi | 1.32 | 1.47 | Buy | DCF |
06/20/18 | Kim Eng | Ho Bee | 2.36 | 3.3 | Buy | |
06/20/18 | DBS Vickers | Parkway Life | 2.58 | 3.15 | Buy | |
06/20/18 | Citi Research | Sasseur | 0.76 | 0.92 | Buy | |
06/20/18 | DMG & Partners | Silverlake | 0.52 | 0.65 | Buy | DCF, PERf21x FY19 |
06/20/18 | OCBC | Singtel | 3.18 | 4.1 | Buy | PER18.3x FY19 |
06/20/18 | Lim & Tan | Top Glove | 3.88 | 0 | Hold | |
06/20/18 | Kim Eng | UOL | 7.5 | 10.85 | Buy |
Singapore casinos will face stiffer competitions in Asia now.
https://www.channelnewsasia.com/news/asia/japan-dreams-of-jackpot-with-legal-casinos-10450528
Asia countries are getting on with the gambling industry and are opening new casinos in their own countries. This will definitely impact Singapore casinos because we're all going after the same pool of gamblers.
Asia countries are getting on with the gambling industry and are opening new casinos in their own countries. This will definitely impact Singapore casinos because we're all going after the same pool of gamblers.
Bloomberg doesn't dare to calculate the cost of economic tariffs for USA.
https://www.bloombergquint.com/global-economics/2018/06/20/trump-s-tariffs-could-deliver-a-sizable-hit-to-china-s-economy
The bloomberg article doesn't mention anything about the US damages from the US-China trade war. This is a one-sided article which seeks to extol the US economic clout. In actual fact, the US suffers the same economic damages as China. However, shaving a 0.5% from 6.8% (China) is different from shaving a 0.5% from 3% economic growth (US).
This is the reason for not reporting this differential in the bloomberg article.
The bloomberg article doesn't mention anything about the US damages from the US-China trade war. This is a one-sided article which seeks to extol the US economic clout. In actual fact, the US suffers the same economic damages as China. However, shaving a 0.5% from 6.8% (China) is different from shaving a 0.5% from 3% economic growth (US).
This is the reason for not reporting this differential in the bloomberg article.
Noble shares spike because of Goldilocks.
https://sg.finance.yahoo.com/news/noble-group-says-shareholders-receive-20-percent-equity-004521027--sector.html
Goldilocks agreed to the new restructuring and withdrew its lawsuit against Noble. This is a great news for Noble.
Goldilocks agreed to the new restructuring and withdrew its lawsuit against Noble. This is a great news for Noble.
Tuesday, June 19, 2018
North Korean Kim is back in China again!
https://sg.news.yahoo.com/china-says-north-korean-leader-kim-jong-un-022856010.html
This Kim visit is neither about returning the plane to China nor thanking China. It is about getting support from China again.
This Kim visit is neither about returning the plane to China nor thanking China. It is about getting support from China again.
Keppel KBS - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/15/18 | DBS Vickers | Keppel KBS | 0.905 | 0.95 | Buy | DCF |
04/19/18 | DBS Vickers | Keppel KBS | 0.885 | 0.95 | Buy |
Keppel Infrastructure - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/24/17 | DBS Vickers | Keppel Infrastructure | 0.495 | 0.56 | Buy | DCF |
01/24/17 | UOB Kay Hian | Keppel Infrastructure | 0.495 | 0.54 | Hold | Buy below $0.475 |
04/07/17 | Credit Suisse | Keppel Infrastructure | 0.525 | 0.57 | Outperform | |
04/18/17 | DBS Vickers | Keppel Infrastructure | 0.53 | 0.56 | Buy | DCF |
07/19/17 | Credit Suisse | Keppel Infrastructure | 0.565 | 0.57 | Neutral | |
07/19/17 | DBS Vickers | Keppel Infrastructure | 0.565 | 0.6 | Buy | DDM |
10/17/17 | DBS Vickers | Keppel Infrastructure | 0.55 | 0.6 | Buy | DDM |
01/23/18 | UOB Kay Hian | Keppel Infrastructure | 0.585 | 0.61 | Buy | |
01/24/18 | DBS Vickers | Keppel Infrastructure | 0.58 | 0.6 | Buy | DDM |
04/18/18 | DBS Vickers | Keppel Infrastructure | 0.545 | 0.6 | Buy | DDM |
Subscribe to:
Posts (Atom)