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Monday, August 20, 2018

UOB Bank - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners UOB 20.4 18.9 Neutral
01/04/17 Kim Eng UOB 20.41 18.36 Hold
01/05/17 Credit Suisse UOB 20.62 23.41 Outperform
01/11/17 DIR UOB 20.99 24 Buy
01/16/17 Jefferies UOB 21.03 17 Underperform
01/16/17 phillip UOB 21.03 18.97 Reduce PB0.95x FY17
01/26/17 DMG & Partners UOB 20.99 22.9 Buy GGM
01/26/17 UBS UOB 20.99 18.8 Sell
02/02/17 Lim & Tan UOB 20.98 0 Hold
02/03/17 CIMB UOB 20.63 18.42 Hold
02/06/17 Macquarie UOB 20.38 20.5 Neutral
02/20/17 CIMB UOB 21.18 20.37 Hold GGM, PB1.02x CY17
02/20/17 Credit Suisse UOB 21.18 24.3 Outperform
02/20/17 DBS Vickers UOB 21.18 22.7 Buy GGM, PB1.1x FY17
02/20/17 DIR UOB 21.18 24.3 Buy GGM, PB1.19x
02/20/17 DMG & Partners UOB 21.18 23.9 Buy GGM, PB1.2x FY17
02/20/17 Kim Eng UOB 21.18 19.54 Hold
02/20/17 Lim & Tan UOB 21.18 0 Take profit
02/20/17 OCBC UOB 21.18 20.55 Hold
02/20/17 phillip UOB 21.18 18.92 Reduce PB0.95x FY17
03/03/17 CIMB UOB 21.55 20.37 Hold
03/03/17 Jefferies UOB 21.55 19 Hold
03/06/17 Macquarie UOB 21.54 20.55 Neutral
03/13/17 Credit Suisse UOB 21.39 24.3 Outperform
03/17/17 DBS Vickers UOB 21.75 22.7 Buy
03/21/17 Kim Eng UOB 21.86 19.54 Hold
04/03/17 Kim Eng UOB 22.11 19.54 Hold
04/18/17 DIR UOB 21.65 24.3 Buy
04/25/17 CIMB UOB 21.88 20.37 Hold
05/02/17 CIMB UOB 21.8 21.2 Hold GGM, PB1.05x CY17
05/02/17 DBS Vickers UOB 21.8 22.7 Buy GGM, PB1.1x FY17
05/02/17 DIR UOB 21.8 25 Buy PB1.19x
05/02/17 DMG & Partners UOB 21.8 23.9 Buy GGM, PB1.2x FY17
05/02/17 OCBC UOB 21.8 21.66 Hold
05/02/17 phillip UOB 21.8 19.2 Reduce PB0.95x FY17
05/03/17 Macquarie UOB 22.8 20.5 Neutral
05/16/17 Credit Suisse UOB 23.66 24.3 Outperform
05/23/17 Jefferies UOB 23.38 22.5 Hold
05/25/17 DMG & Partners UOB 23.46 25.95 Buy
05/29/17 Kim Eng UOB 23.37 20.8 Hold
06/14/17 Kim Eng UOB 23.63 20.8 Hold PB1.1x FY18
06/28/17 DMG & Partners UOB 22.84 25.95 Buy
07/03/17 Kim Eng UOB 23.12 20.8 Hold
07/12/17 Credit Suisse UOB 23.25 25.6 Outperform
07/28/17 Lim & Tan UOB 24.6 0 Hold
07/28/17 UBS UOB 24.6 22.5 Sell
07/31/17 Macquarie UOB 24.05 21.5 Neutral
07/31/17 phillip UOB 24.05 20.18 Reduce GGM, PB1.01x FY17
07/31/17 DIR UOB 24.05 26.4 Outperform GGM, PB1.23x
07/31/17 DMG & Partners UOB 24.05 26.5 Buy GGM, PB1.31x FY17
07/31/17 CIMB UOB 24.05 24.28 Hold GGM
07/31/17 DBS Vickers UOB 24.05 24.8 Hold GGM, PB1.2x FY18
07/31/17 OCBC UOB 24.05 23 Hold Buy @ $22 or lower
08/18/17 Macquarie UOB 23.6 21.5 Neutral
08/22/17 Kim Eng UOB 23.45 26.4 Buy GGM, PB1.1x FY18
08/23/17 DBS Vickers UOB 23.59 24.8 Hold
08/23/17 Deutsche UOB 23.59 24 Hold
08/29/17 Credit Suisse UOB 23.7 25.6 Outperform
09/12/17 DMG & Partners UOB 23.38 26.5 Buy PB1x FY18
09/18/17 phillip UOB 23.05 20.18 Reduce
09/18/17 Kim Eng UOB 23.05 26.4 Buy
10/09/17 DIR UOB 24.36 26.4 Outperform
10/20/17 phillip UOB 24.33 21.61 Reduce
10/25/17 phillip UOB 24.25 23.46 Neutral GGM, PB1.09x FY18
10/25/17 DBS Vickers UOB 24.25 26.9 Buy GGM, PB1.3x FY18
11/03/17 DMG & Partners UOB 24.79 27.5 Buy GGM, PB1.27x FY18
11/03/17 Credit Suisse UOB 24.79 27.1 Outperform
11/03/17 UBS UOB 24.79 24 Sell
11/06/17 Kim Eng UOB 24.77 27.1 Buy PB1.2x FY18
11/06/17 phillip UOB 24.77 25.22 Accumulate GGM, PB1.184x FY18
11/06/17 CIMB UOB 24.77 25.4 Hold GGM FY19, PB1.18x FY18
11/06/17 DBS Vickers UOB 24.77 27.5 Buy GGM, PB1.3x FY18
11/06/17 Deutsche UOB 24.77 25.5 Hold
11/09/17 Macquarie UOB 25.21 24 Neutral
11/20/17 Credit Suisse UOB 25.06 29.3 Outperform
12/01/17 DMG & Partners UOB 26.2 28.88 Buy GGM, PB1.33x FY18
12/08/17 phillip UOB 25.63 25.22 Accumulate
12/08/17 Jefferies UOB 25.63 29.5 Buy
01/05/18 DBS Vickers UOB 27.02 29.5 Buy GGM, PB1.4x FY18
01/08/18 DMG & Partners UOB 26.91 28.88 Buy
01/09/18 Deutsche UOB 27.25 30.6 Buy
01/10/18 phillip UOB 27.8 25.22 Accumulate
01/26/18 OCBC UOB 27.98 30.1 Buy PB1.3x FY18
02/07/18 OCBC UOB 26.62 30.1 Buy
02/08/18 Macquarie UOB 26.4 27.5 Neutral
02/12/18 phillip UOB 26.24 25.22 Accumulate
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
02/21/18 phillip UOB 27.22 29 Buy GGM, PB1.35x
02/22/18 UBS UOB 27.6 27.5 Neutral
02/22/18 Jefferies UOB 27.6 33 Buy
03/05/18 OCBC UOB 27.75 30.86 Buy PB1.3x FY18
03/20/18 Kim Eng UOB 28.1 31.08 Buy GGM, PB1.4x FY18
03/22/18 Lim & Tan UOB 28.58 0 Buy
04/04/18 DMG & Partners UOB 26.96 30 Buy
04/20/18 CIMB UOB 29.78 33 Add GGM, PB1.5x FY18
04/27/18 DBS Vickers UOB 29.39 33.2 Buy GGM, PB1.5x FY18
05/03/18 Jefferies UOB 29.99 34 Buy
05/03/18 DMG & Partners UOB 29.99 33.3 Buy GGM, PB1.51x FY18
05/04/18 phillip UOB 29.58 31.7 Accumulate GGM, PB1.5x FY18
05/04/18 CIMB UOB 29.58 33 Add GGM, PB1.5x FY18
05/04/18 Kim Eng UOB 29.58 32.88 Buy GGM, PB1.5x FY18
05/04/18 DBS Vickers UOB 29.58 33.2 Buy GGM, PB1.5x FY18
05/09/18 Macquarie UOB 29.34 30.5 Outperform
06/04/18 phillip UOB 28.1 31.7 Accumulate
06/13/18 OCBC UOB 27.86 31.02 Buy
06/28/18 DBS Vickers UOB 26.36 33.2 Buy
07/02/18 phillip UOB 26.76 31.7 Accumulate
07/06/18 DBS Vickers UOB 27.09 28.3 Hold GGM, PB1.3x FY18
07/16/18 DMG & Partners UOB 26.55 33.3 Buy GGM, PB1.43x FY19
08/01/18 phillip UOB 27.02 31.7 Accumulate
08/03/18 Macquarie UOB 26.7 32 Outperform
08/03/18 Lim & Tan UOB 26.7 0 Buy
08/03/18 DMG & Partners UOB 26.7 33.3 Buy GGM, PB1.42x FY19
08/06/18 OCBC UOB 26.59 32.09 Buy
08/06/18 CIMB UOB 26.59 31 Add GGM, PB1.4x FY18
08/06/18 DBS Vickers UOB 26.59 31.7 Buy GGM, PB1.4x FY19
08/07/18 phillip UOB 27.13 34.5 Buy GGM, PB1.6x FY18

Stock calls for 20 August 2018


Date Analyst Company Last Target Call Valuation
08/20/18 phillip CNMC 0.23 0.29 Buy DCF
08/20/18 phillip Golden Energy 0.305 0.42 Buy PER10x
08/20/18 CIMB Mermaid Maritime 0.106 0.13 Hold
08/20/18 Kim Eng MM2 Asia 0.42 0.57 Buy PEG
08/20/18 CIMB Riverstone 1.11 1.3 Add PER16.7x FY19
08/20/18 OCBC Sembcorp Marine 1.67 1.74 Hold PB1.75x FY19
08/20/18 CIMB Sheng Siong 1.09 1.26 Add PER22.2x FY19
08/20/18 DMG & Partners Sheng Siong 1.09 1.3 Buy DCF & PER21x
08/20/18 UOB Kay Hian Singtel 3.11 3.98 Buy
08/20/18 UOB Kay Hian Starhub 1.66 1.82 Hold DCF, Buy @ $1.64
08/20/18 Phillip Thai Beverage 0.645 0.62 Reduce Sum of parts
08/20/18 DBS Vickers Yanlord 1.48 2.17 Buy PER5.5x FY18/19

Sunday, August 19, 2018

The newspaper is a new construction material used in HDB!

The newspaper is a new construction material used in HDB nowadays!

When my parents' house underwent the HIP in 2013, we also encountered the same thing. My father saw the construction worker inserted newspapers around the windows gaps before using the cement to cover the gaps.  I wrote in to HDB and town council to complain about the shoddy work but HDB didn't take any punitive action against the contractor and the contractor didn't rectify the shoddy work.  This kind of shoddy work didn't occur just for our block but other blocks too.  I still remembered that Surbana was the main contractor for the HIP for our estate.

This is a classic example of ownself checks ownself policy.  This is also why I won't agree to this ownself checks ownself policy.

Saturday, August 18, 2018

DHA in milk powder cannot be absorbed by babies for brain development.

https://medicalxpress.com/news/2018-08-critical-role-dha-foetal-brain.html

Duke-NUS had completed a research finding to prove that ingested DHA couldn't be absorbed by babies for brain development.

Therefore, DHA milk powder is just a marketing gimmick because normal milk powder doesn't contain DHA.  You are paying for something that will be excreted from the body because it cannot be absorbed.

China latest hypersonic waverider - Starry-Sky 2 missile.

https://www.janes.com/article/82295/china-claims-successful-test-of-hypersonic-waverider

Nothing can intercept this missile as no intercepting missile can fly so fast.

This is really a great news for China but bad news for the USA.

Baltic dry index - 1723

Today, Friday, August 17 2018,  the Baltic Dry Index climbed by 3 points, reaching 1723 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.

US rig count - 1057

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. held steady at 1,057 this week.
At this time a year ago there were 946 active rigs.
Houston oilfield services company Baker Hughes reported Friday that 869 rigs drilled for oil this week and 186 for gas. Two were listed as miscellaneous.
Among major oil- and gas-producing states, Texas gained three rigs, Louisiana and Pennsylvania each increased by two and Oklahoma added one.
New Mexico lost three rigs and Alaska, Ohio, West Virginia and Wyoming each decreased by one.
Arkansas, California, Colorado, North Dakota and Utah were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May 2016 at 404.
====================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

US inflation is rising rapidly because of Trump.

https://finance.yahoo.com/news/u-s-consumers-no-tolerance-inflation-161959788.html

The US consumers cannot tolerate inflation.  This statement has shown that the ultimate winner in a US-China trade war will be China.

Many analysts are saying that China is losing the trade war because of its falling stock market.  However, the main street is different from the wall street and the main street is more important than the wall street.  The main street people will vote out the government if they cannot survive because of the price hikes.

We've stated this previously in our posting below.

http://sg-stock.blogspot.com/2018/04/who-will-win-in-trade-war-us-or-china.html

Friday, August 17, 2018

United Global - Stock calls


Date Analyst Company Last Target Call Valuation
06/13/17 SAC Advisors United Global 0.325 0.37 Buy
10/17/17 SAC Advisors United Global 0.355 0.5 Buy
03/01/18 SAC Advisors United Global 0.41 0.5 Buy PER12.2x FY18

United Engineers - Stock calls


Date Analyst Company Last Target Call Valuation
01/06/17 Lim & Tan United Engineers 2.66 0 Buy
02/13/17 Lim & Tan United Engineers 2.91 0 Buy
03/02/17 Lim & Tan United Engineers 2.94 0 Hold
03/08/17 UOB Kay Hian United Engineers 2.93 2.75 Hold
03/13/17 DBS Vickers United Engineers 2.9 2.89 Not Rated
06/01/17 Lim & Tan United Engineers 2.63 0 Buy
07/14/17 Lim & Tan United Engineers 2.71 0 Hold Offer price of $2.60 is too low.
08/16/17 Lim & Tan United Engineers 2.69 0 Hold
09/21/17 Lim & Tan United Engineers 2.68 0 Hold
04/02/18 CIMB United Engineers 2.61 2.94 Add RNAV (15% discount)
05/08/18 CIMB United Engineers 2.67 2.94 Add RNAV (15% discount)

Uni-Asia - Stock calls


Date Analyst Company Last Target Call Valuation
06/19/17 Amfrasers Uni-Asia 1.165 1.92 Buy Sum of parts, PB0.5x FY17, PER8.2x FY17
06/21/17 NRA Uni-Asia 1.35 1.85 Overweight PB0.5x
08/15/17 NRA Uni-Asia 1355 1.86 Overweight PB0.5x
08/22/17 Amfrasers Uni-Asia 1.37 1.92 Buy Sum of parts, PB0.5x FY17, PER8.2x FY17
12/18/17 Amfrasers Uni-Asia 1.23 1.85 Buy Sum of parts, PB0.5x FY17, PER8.2x FY17
03/16/18 Amfrasers Uni-Asia 1.45 1.81 Buy Sum of parts, PB0.5x FY18, PER10x FY18
05/22/18 Amfrasers Uni-Asia 1.4 1.81 Buy Sum of parts, PB0.5x FY18, PER10x FY18
06/06/18 Amfrasers Uni-Asia 1.41 2 Buy Sum of parts, PB0.55x FY18, PER11x FY18

Stock calls for 17 August 2018


Date Analyst Company Last Target Call Valuation
08/17/18 UOB Kay Hian A-Reit 2.73 3.01 Buy
08/17/18 UOB Kay Hian CapitaCommercial 1.74 1.99 Buy
08/17/18 Lim & Tan Capitaland 3.32 0 Buy
08/17/18 UOB Kay Hian CDL Hospitality 1.54 1.86 Buy
08/17/18 CIMB Jadason 0.037 0.073 Add PB1x CY18
08/17/18 UOB Kay Hian M1 1.6 1.55 Sell
08/17/18 NRA Megachem 0.32 0.51 Not Rated
08/17/18 DBS Vickers Mermaid Maritime 0.106 0.13 Hold Sum of parts
08/17/18 UOB Kay Hian SATS 5.1 6.1 Buy
08/17/18 NRA Serial System 0.146 0.24 Overweight Sum of parts, PER11.2x FY18
08/17/18 OCBC Starhill 0.675 0.74 Buy
08/17/18 Phillip Y Venture 0.44 0.61 Buy PER30x FY18

Number puzzle!

1111 = 0
1289 = 3
2256 = 1
3388 = 4
9090 = 4
1868 = ?

Please solve the puzzle.

Hong Kong-Zhuhai-Macau bridge will open soon!


Yes! It is possible to drive to HK now!

However, a special permit has to be applied in order to drive on this bridge.

Thursday, August 16, 2018

UMS - Stock calls


Date Analyst Company Last Target Call Valuation
03/01/17 CIMB UMS 0.675 0.82 Add GGM, PB1.85x FY17
03/02/17 DBS Vickers UMS 0.68 0.73 Buy DCF
05/15/17 CIMB UMS 0.87 1.15 Add GGM, PB2.41x
05/16/17 DBS Vickers UMS 0.98 1.07 Buy DCF, PER7.4x FY18 ex-cash
05/23/17 DBS Vickers UMS 1.07 1.33 Buy PER11x FY18 ex-cash
06/16/17 DBS Vickers UMS 1.08 1.33 Buy
07/05/17 CIMB UMS 0.995 1.15 Add GGM, PB2.41x
08/14/17 CIMB UMS 1.08 1.12 Hold GGM, PB2.41x
08/14/17 DBS Vickers UMS 1.08 1.13 Hold PER11x FY18 ex-cash
10/25/17 CIMB UMS 0.925 1.13 Add GGM, PB2,8x FY18, PER13.3x FY19, Ex-rights 1 for 4
11/13/17 DBS Vickers UMS 1.02 1.21 Buy PER12x FY18
11/13/17 CIMB UMS 1.02 1.21 Add GGM, PB2.88x
03/01/18 DBS Vickers UMS 1.16 1.37 Buy PER12x FY18
03/01/18 CIMB UMS 1.16 1.31 Add PB2.95x FY18
04/03/18 DBS Vickers UMS 1.13 1.37 Buy
05/14/18 DBS Vickers UMS 1.04 1.37 Buy PER12x FY19
05/15/18 CIMB UMS 1.07 1.21 Add PB2.81x
08/15/18 CIMB UMS 0.79 1.21 Add PB2.82x
08/15/18 DBS Vickers UMS 0.79 1.01 Buy PER10x FY19

UG Healthcare - Stock calls


Date Analyst Company Last Target Call Valuation
02/09/17 Lim & Tan UG Healthcare 0.295 0 Hold
02/09/17 Kim Eng UG Healthcare 0.295 0.25 Sell
08/31/17 Kim Eng UG Healthcare 0.24 0.21 Sell PER12x FY18
04/24/18 DMG & Partners UG Healthcare 0.198 0.32 Buy PER14x FY19
05/14/18 DMG & Partners UG Healthcare 0.205 0.32 Buy PER14x FY19

Tuan Sing - Stock calls


Date Analyst Company Last Target Call Valuation
11/29/17 UOB Kay Hian Tuan Sing 0.415 0.71 Buy Sum of parts
01/15/18 UOB Kay Hian Tuan Sing 0.49 0.71 Buy
01/29/18 UOB Kay Hian Tuan Sing 0.48 0.71 Buy Sum of parts

Stock calls for 16 August 2018


Date Analyst Company Last Target Call Valuation
08/16/18 UOB Kay Hian Bumitama 0.7 0.93 Buy
08/16/18 DMG & Partners Capitaland 3.31 3.95 Buy
08/16/18 DMG & Partners City Developments 9.55 10.4 Neutral
08/16/18 DBS Vickers First Resources 1.59 2 Buy DCF
08/16/18 UOB Kay Hian Golden Agri 0.28 0.16 Sell
08/16/18 CIMB Golden Agri 0.28 0.25 Reduce Sum of parts (20% discount)
08/16/18 DMG & Partners GSS Energy 0.133 0.22 Buy Sum of parts
08/16/18 CIMB Ho Bee 2.57 2.9 Add
08/16/18 CIMB MM2 Asia 0.42 0.72 Add Sum of parts
08/16/18 phillip Q & M 0.51 0.649 Buy PER28x FY18
08/16/18 UOB Kay Hian Singapore Medical 0.425 0.74 Buy
08/16/18 Lim & Tan Sunpower 0.595 0.95 Buy Sum of parts
08/16/18 CIMB Thai Beverage 0.68 0.88 Add Sum of parts
08/16/18 DMG & Partners Thai Beverage 0.68 0.88 Buy Sum of parts
08/16/18 OCBC Thai Beverage 0.68 0.89 Buy
08/16/18 CIMB Y Venture 0.445 0.56 Add PER30x FY19
08/16/18 OCBC Yanlord 1.51 2.13 Buy PER5.5x

The new Noble Group is still not viable!

https://sg.finance.yahoo.com/news/man-triggered-10-billion-commodity-collapse-finally-speaks-032429405.html

According to the ex-employee, Noble had been fudging its books by overvaluing its commodity assets.  The restructuring deal cannot save Noble at all and this ex-employee is trying to launch a class action suit with other shareholders against Noble.

Wednesday, August 15, 2018

OMG! Tan Chun Sing doesn't understand the USA mentality.

https://www.channelnewsasia.com/news/singapore/trade-chan-chun-sing-us-business-trade-war-china-america-10616794

Why did the USA pull out of TPP?  This was because Trump understood that bilateral negotiation would give the USA more bargaining power than multilateral negotiation.

When the USA engages in any bilateral trade negotiation with another country, it can use its US$19T economy to make an imposition on the smaller country to succumb to the USA demands.  However, it's harder for the USA to impose its demands during a multilateral negotiation.

Trump has this "America First" propaganda and he won't relent.  Tan Chun Sing doesn't understand this and still seeks to ask the USA to engage in multilateral negotiation.

The USA will only serve its own interest but won't care a hoot about others.  The recent incident of the USA punishing Turkey, a NATO member, already proved it.  Turkey stood by the USA in many international affairs but still got backstabbed by the USA in the end.

Tan should look at the bad records of the USA in the past first before he opened his mouth.