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Saturday, August 25, 2018

US rig count - 1044

HOUSTON, Aug. 24 (Xinhua) -- The number of active drilling rigs in the United States decreased by 13 to 1044 this week, showed weekly data released by Baker Hughes on Friday.
The Houston-based oilfield services company reported that the U.S. state of Louisiana led the drop with reducing by seven rigs, while Texas gained three rigs and increased its overall rig count to 528.
The number of rigs operating in U.S. oil fields fell by nine to a total of 860 rigs this week, which is the biggest reduction since May 2016. More than half of the U.S. oil rigs were located in the Permian Basin region of western Texas and southeastern New Mexico.
The West Texas Intermediate (WTI) for October delivery rose 0.89 U.S. dollar to settle at 68.72 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery added 1.09 dollars to 75.82 dollars a barrel on the London ICE Futures Exchange.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

Friday, August 24, 2018

Wing Tai - Stock calls


Date Analyst Company Last Target Call Valuation
01/11/17 Kim Eng Wing Tai 1.64 1.67 Hold
01/11/17 Jefferies Wing Tai 1.64 2.88 Buy Up from $2.40
02/07/17 OCBC Wing Tai 1.785 2.37 Buy
03/10/17 CIMB Wing Tai 1.79 2.05 Add RNAV (35% discount)
03/13/17 Deutsche Wing Tai 1.935 2 Buy
03/13/17 Kim Eng Wing Tai 1.935 1.67 Hold
03/13/17 OCBC Wing Tai 1.935 2.37 Buy
03/13/17 UOB Kay Hian Wing Tai 1.935 2.54 Buy
03/16/17 Kim Eng Wing Tai 1.9 1.8 Hold
05/12/17 Deutsche Wing Tai 1.86 2.4 Buy
05/12/17 Kim Eng Wing Tai 1.86 1.85 Hold
05/24/17 CIMB Wing Tai 1.845 2.05 Add RNAV (35% discount)
05/24/17 Lim & Tan Wing Tai 1.845 0 Buy on weakness
05/24/17 OCBC Wing Tai 1.845 2.37 Buy
05/24/17 UOB Kay Hian Wing Tai 1.845 2.61 Buy RNAV (25% discount)
06/05/17 OCBC Wing Tai 1.91 2.37 Buy
06/14/17 DBS Vickers Wing Tai 2.01 2.37 Buy
06/22/17 Deutsche Wing Tai 2.02 2.93 Buy
07/18/17 CIMB Wing Tai 2.02 2.05 Add
08/25/17 CIMB Wing Tai 2.13 2.32 Add RNAV (35% discount)
08/25/17 Lim & Tan Wing Tai 2.13 0 Buy
08/29/17 OCBC Wing Tai 2.12 2.37 Buy
09/05/17 UOB Kay Hian Wing Tai 2.11 2.61 Buy RNAV (25% discount)
10/04/17 UOB Kay Hian Wing Tai 2.18 2.61 Buy RNAV (25% discount)
10/06/17 Lim & Tan Wing Tai 2.24 0 Buy
10/20/17 Deutsche Wing Tai 2.24 2.6 Buy
10/24/17 Lim & Tan Wing Tai 2.32 0 Buy
10/25/17 OCBC Wing Tai 2.33 2.77 Buy
10/25/17 DBS Vickers Wing Tai 2.33 2.77 Buy
11/02/17 UOB Kay Hian Wing Tai 2.42 2.61 Buy RNAV (25% discount)
12/01/17 UOB Kay Hian Wing Tai 2.17 2.78 Buy
12/14/17 OCBC Wing Tai 2.3 2.77 Buy
01/04/18 UOB Kay Hian Wing Tai 2.29 2.78 Buy RNAV (20% discount)
01/04/18 Deutsche Wing Tai 2.29 2.6 Buy
01/19/18 UOB Kay Hian Wing Tai 2.34 2.78 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
03/02/18 UOB Kay Hian Wing Tai 2.2 2.78 Buy
04/03/18 UOB Kay Hian Wing Tai 2.06 2.78 Buy
05/03/18 UOB Kay Hian Wing Tai 2.05 2.78 Buy RNAV (20% discount)
06/05/18 UOB Kay Hian Wing Tai 2.05 2.78 Buy RNAV (20% discount)
07/04/18 UOB Kay Hian Wing Tai 1.99 2.78 Buy RNAV (20% discount)
07/24/18 Jefferies Wing Tai 2.11 2.4 Buy

Wilmar - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners Wilmar 3.59 3.28 Neutral
01/11/17 DBS Vickers Wilmar 3.67 3.39 Hold
02/01/17 UOB Kay Hian Wilmar 3.88 3.5 Sell Sum of parts, PER12.1x FY17
02/13/17 DBS Vickers Wilmar 3.93 3.39 Hold
02/21/17 CIMB Wilmar 3.9 3.93 Hold Sum of parts
02/21/17 Credit Suisse Wilmar 3.9 3.73 Neutral
02/22/17 DMG & Partners Wilmar 3.78 3.56 Neutral Sum of parts
02/22/17 OCBC Wilmar 3.78 3.7 Hold PER14x FY17
03/02/17 UOB Kay Hian Wilmar 3.65 3.5 Sell Sum of parts, PER12.1x FY17, Buy @ $3.20
03/13/17 DBS Vickers Wilmar 3.58 3.9 Hold
04/11/17 DBS Vickers Wilmar 3.52 3.9 Hold
04/11/17 DMG & Partners Wilmar 3.52 3.62 Neutral
04/13/17 Credit Suisse Wilmar 3.52 3.5 Neutral
05/05/17 UOB Kay Hian Wilmar 3.47 3.5 Hold Sum of parts, PER12.1x FY17, Buy @ $3.20
05/12/17 CIMB Wilmar 3.43 3.93 Add Sum of parts
05/12/17 Credit Suisse Wilmar 3.43 3.5 Neutral
05/12/17 OCBC Wilmar 3.43 3.7 Hold
05/15/17 CIMB Wilmar 3.76 4.52 Add Sum of parts
05/15/17 DMG & Partners Wilmar 3.76 3.62 Neutral DCF, PER13x
05/15/17 Macquarie Wilmar 3.76 3.7 Neutral
05/15/17 UOB Kay Hian Wilmar 3.76 4.4 Buy Sum of parts, PER20x
05/16/17 Credit Suisse Wilmar 3.82 3.9 Neutral Sum of parts
05/16/17 DBS Vickers Wilmar 3.82 3.9 Hold DCF
06/14/17 UOB Kay Hian Wilmar 3.51 4.4 Buy Sum of parts
07/11/17 DBS Vickers Wilmar 3.32 3.9 Hold
08/11/17 CIMB Wilmar 3.42 4.52 Add Sum of parts
08/11/17 DMG & Partners Wilmar 3.42 3.43 Neutral Sum of parts
08/11/17 OCBC Wilmar 3.42 3.66 Hold
08/14/17 DBS Vickers Wilmar 3.2 3.52 Hold DCF
08/15/17 Credit Suisse Wilmar 3.2 3.5 Neutral PER15x FY17
08/28/17 DIR Wilmar 3.22 3.82 Buy PER15x FY17/18
09/05/17 DBS Vickers Wilmar 3.25 3.52 Hold DCF
09/07/17 OCBC Wilmar 3.27 3.68 Hold
10/31/17 UOB Kay Hian Wilmar 3.4 4.1 Buy Sum of parts, PER14x FY18
11/13/17 DBS Vickers Wilmar 3.31 3.52 Hold
11/14/17 UOB Kay Hian Wilmar 3.32 4.1 Buy Sum of parts, PER14x FY18
11/14/17 DMG & Partners Wilmar 3.32 3.33 Neutral Sum of parts
11/14/17 CIMB Wilmar 3.32 4.27 Add Sum of parts
11/14/17 OCBC Wilmar 3.32 3.51 Hold
11/16/17 DBS Vickers Wilmar 3.22 3.5 Hold DCF, PER15x FY18
12/13/17 DMG & Partners Wilmar 3.11 3.31 Neutral Sum of parts
12/20/17 CIMB Wilmar 3.1 4.27 Add
01/04/18 CIMB Wilmar 3.16 4.27 Add
01/15/18 DBS Vickers Wilmar 3.16 3.5 Hold
01/16/18 UOB Kay Hian Wilmar 3.19 4.1 Buy Sum of parts, PER14x FY18
02/23/18 CIMB Wilmar 3.04 4.1 Add Sum of parts
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
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
03/05/18 CIMB Wilmar 3.18 4.1 Add Sum of parts
03/07/18 UOB Kay Hian Wilmar 3.16 4.1 Buy Sum of parts
03/08/18 OCBC Wilmar 3.18 3.51 Buy
03/14/18 DBS Vickers Wilmar 3.23 3.65 Buy
04/03/18 DBS Vickers Wilmar 3.21 3.65 Buy
04/05/18 DMG & Partners Wilmar 3.08 3.45 Buy
04/06/18 CIMB Wilmar 3.1 4.1 Add
04/30/18 UOB Kay Hian Wilmar 3.26 4.1 Buy Sum of parts, PER14x FY18
05/11/18 CIMB Wilmar 3.21 4.1 Add Sum of parts
05/11/18 UOB Kay Hian Wilmar 3.21 4.1 Buy Sum of parts, PER14x FY18
05/11/18 DMG & Partners Wilmar 3.21 3.45 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
06/05/18 DBS Vickers Wilmar 3.28 3.65 Buy
06/21/18 UOB Kay Hian Wilmar 3.12 3.9 Buy
06/27/18 OCBC Wilmar 3.06 3.51 Buy
07/03/18 UOB Kay Hian Wilmar 3.04 3.9 Buy PER14.5x FY18
07/03/18 DBS Vickers Wilmar 3.04 3.5 Buy DCF
07/04/18 DMG & Partners Wilmar 3.07 3.59 Buy Sum of parts
08/02/18 DMG & Partners Wilmar 3.15 3.51 Buy Sum of parts
08/14/18 UOB Kay Hian Wilmar 3.13 3.9 Buy PER14.5x FY18
08/14/18 CIMB Wilmar 3.13 4.1 Add Sum of parts
08/15/18 DBS Vickers Wilmar 3.25 3.61 Buy DCF
08/15/18 DMG & Partners Wilmar 3.25 3.69 Buy Sum of parts

Stock calls for 24 August 2018


Date Analyst Company Last Target Call Valuation
08/24/18 DBS Vickers A-Reit 2.73 3 Buy
08/24/18 phillip Banyan Tree 0.54 0.73 Accumulate Sum of parts, PB0.94x FY18
08/24/18 DBS Vickers CDL Hospitality 1.52 1.95 Buy
08/24/18 DBS Vickers Frasers Centrepoint Trust 2.28 2.45 Buy
08/24/18 CIMB Ho Bee 2.65 3 Add RNAV (40% discount)
08/24/18 UOB Kay Hian Keppel Corp 6.81 7.37 Hold Sum of parts, Buy @ $6.6
08/24/18 DBS Vickers Mapletree Logistics 1.25 1.53 Buy
08/24/18 Kim Eng Singtel 3.28 3.46 Hold DCF
08/24/18 Lim & Tan UG Healthcare 0.23 0 Buy

Yeah! The current Australian PM is ousted!

https://sg.news.yahoo.com/australian-pms-rival-cleared-remain-parliament-ahead-expected-012503157--business.html

The anti-China Aussie PM is ousted!

The relationship between China & Australia will turn for the better with the new Aussie PM in place.

Thursday, August 23, 2018

Wheelock Properties - Stock calls


Date Analyst Company Last Target Call Valuation
03/01/17 Lim & Tan Wheelock Properties 1.82 0 Hold
03/13/17 OCBC Wheelock Properties 1.88 2.27 Buy
06/02/17 Phillip Wheelock Properties 1.74 2.28 Trading Buy RNAV (15% discount)
06/05/17 OCBC Wheelock Properties 1.82 2.27 Buy
06/14/17 DBS Vickers Wheelock Properties 1.895 2.27 Buy
08/15/17 OCBC Wheelock Properties 1.805 2.27 Buy
09/06/17 UOB Kay Hian Wheelock Properties 1.84 2.33 Buy RNAV (15% discount)
09/28/17 OCBC Wheelock Properties 1.865 2.27 Buy
10/06/17 Lim & Tan Wheelock Properties 1.905 0 Buy
11/15/17 UOB Kay Hian Wheelock Properties 1.95 2.33 Buy RNAV (15% discount)
11/24/17 OCBC Wheelock Properties 1.91 2.27 Buy
12/01/17 UOB Kay Hian Wheelock Properties 1.9 2.33 Buy
12/14/17 OCBC Wheelock Properties 1.89 2.27 Buy
03/01/18 OCBC Wheelock Properties 1.87 2.34 Buy
05/22/18 Lim & Tan Wheelock Properties 1.81 0 Buy
06/05/18 UOB Kay Hian Wheelock Properties 1.74 2.33 Buy
07/16/18 Lim & Tan Wheelock Properties 1.74 0 Buy
07/19/18 Lim & Tan Wheelock Properties 1.74 2.1 Reject offer Offer $2.1
07/19/18 OCBC Wheelock Properties 1.74 2.34 Reject offer Offer $2.1
08/14/18 OCBC Wheelock Properties 2.19 2.34 Reject offer Offer $2.1

Viva Industrial - Stock calls


Date Analyst Company Last Target Call Valuation
01/10/17 CIMB Viva Industrial 0.755 0.83 Not Rated Bloomberg consensus
01/20/17 OCBC Viva Industrial 0.765 0.78 Buy
01/27/17 DMG & Partners Viva Industrial 0.765 0.85 Buy DDM
01/27/17 OCBC Viva Industrial 0.765 0.8 Buy
02/03/17 Religare Viva Industrial 0.765 0.9 Buy
03/10/17 DMG & Partners Viva Industrial 0.78 0.85 Buy
04/07/17 DMG & Partners Viva Industrial 0.79 0.85 Buy DDM
04/18/17 Kim Eng Viva Industrial 0.795 0.95 Buy DDM
04/26/17 OCBC Viva Industrial 0.79 0.795 Buy
05/02/17 DMG & Partners Viva Industrial 0.815 0.85 Buy DDM
05/02/17 OCBC Viva Industrial 0.815 0.825 Buy
05/23/17 OCBC Viva Industrial 0.805 0.83 Buy
06/14/17 Amfrasers Viva Industrial 0.84 0.88 Hold Consensus target
06/22/17 Kim Eng Viva Industrial 0.86 0.95 Buy
07/03/17 Kim Eng Viva Industrial 0.89 0.95 Buy
07/12/17 DMG & Partners Viva Industrial 0.905 0.85 Buy
07/18/17 DMG & Partners Viva Industrial 0.915 0.97 Buy DDM
07/27/17 OCBC Viva Industrial 0.92 0.895 Hold
07/27/17 Kim Eng Viva Industrial 0.92 1 Buy DDM
08/03/17 Kim Eng Viva Industrial 0.82 1 Buy
08/07/17 Amfrasers Viva Industrial 0.925 0.97 Buy DDM
08/21/17 CIMB Viva Industrial 0.925 0.96 Not Rated Bloomberg consensus
09/21/17 DMG & Partners Viva Industrial 0.945 0.97 Buy
10/10/17 DMG & Partners Viva Industrial 0.94 0.97 Buy DDM
10/30/17 OCBC Viva Industrial 0.96 0.9 Hold
10/30/17 DMG & Partners Viva Industrial 0.96 1.02 Buy DDM
01/29/18 Kim Eng Viva Industrial 0.94 1.05 Buy DDM
01/29/18 OCBC Viva Industrial 0.94 0.93 Hold
03/23/18 OCBC Viva Industrial 0.75 0.93 Buy
04/02/18 OCBC Viva Industrial 0.885 0.93 Buy
04/16/18 Kim Eng Viva Industrial 0.88 1.05 Buy
05/16/18 Kim Eng Viva Industrial 0.89 1.05 Buy DDM
05/17/18 OCBC Viva Industrial 0.89 0.9 Hold
05/21/18 Kim Eng Viva Industrial 0.89 1.05 Hold
05/21/18 OCBC Viva Industrial 0.89 0.942 Accept Offer $0.096 cash & 1.6 ESR-Reit share (New value $0.53)
08/08/18 OCBC Viva Industrial 0.895 0.942 Accept Offer $0.096 cash & 1.6 ESR-Reit share (New value $0.53)

Venture - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 UOB Kay Hian Venture 9.88 11 Buy
01/19/17 DBS Vickers Venture 9.84 10.9 Buy
01/20/17 CIMB Venture 9.8 10.94 Add
01/23/17 Credit Suisse Venture 9.74 11.6 Outperform
02/08/17 UOB Kay Hian Venture 10.28 11 Buy
02/10/17 CIMB Venture 10.37 10.94 Add PER14.4x FY18
02/10/17 Credit Suisse Venture 10.37 11.6 Outperform
02/27/17 CIMB Venture 10.32 11.5 Add PER14.4x CY18
02/27/17 Credit Suisse Venture 10.32 11.9 Outperform
02/27/17 DBS Vickers Venture 10.32 11.37 Buy PER16x FY17
02/27/17 DMG & Partners Venture 10.32 11.2 Buy DCF, PER16x FY17
02/27/17 Kim Eng Venture 10.32 11.5 Buy PER15x FY17
02/27/17 OCBC Venture 10.32 11 Buy
02/27/17 UOB Kay Hian Venture 10.32 12.4 Buy PER16x FY17
02/27/17 Citibank Venture 10.32 11.43 Buy
03/02/17 UOB Kay Hian Venture 10.71 12.4 Buy
05/02/17 CIMB Venture 12.2 12.01 Hold PER14.4x FY18
05/02/17 DMG & Partners Venture 12.2 14.1 Buy DCF, PER17x FY17
05/02/17 Kim Eng Venture 12.2 13.35 Buy PER16x FY17
05/02/17 Lim & Tan Venture 12.2 0 Buy
05/02/17 OCBC Venture 12.2 13 Buy DCF
05/02/17 UOB Kay Hian Venture 12.2 13.6 Buy PER16x FY17
05/02/17 Citibank Venture 12.2 13.58 Buy
05/03/17 DBS Vickers Venture 12.9 14.3 Buy PER18.6x FY17/18
06/02/17 UOB Kay Hian Venture 13 13.3 Hold PER16.2x FY17, Buy @ $12
07/05/17 CIMB Venture 11.89 12.01 Hold PER14.4x FY18
07/05/17 UOB Kay Hian Venture 11.89 13.3 Hold
07/10/17 OCBC Venture 11.8 13 Buy
08/07/17 UOB Kay Hian Venture 13.85 15.15 Buy PER16x FY18
08/07/17 DMG & Partners Venture 13.85 14.7 Buy DCF, PER17x FY17
08/07/17 OCBC Venture 13.85 14.8 Buy DCF
08/07/17 CIMB Venture 13.85 15.8 Add PER15.2x FY18
08/07/17 Lim & Tan Venture 13.85 0 Buy
08/07/17 Citibank Venture 13.85 17.3 Buy
08/08/17 DBS Vickers Venture 14.89 16.6 Buy PER18.2x FY18
08/10/17 Credit Suisse Venture 15.7 16.4 Outperform
09/13/17 Lim & Tan Venture 15.25 0 Buy
09/15/17 Credit Suisse Venture 16.2 20 Outperform
09/26/17 DMG & Partners Venture 17.29 19.7 Buy DCF, PER19x FY18
10/03/17 CIMB Venture 18.06 20.87 Add PER17.3x FY18
10/06/17 DBS Vickers Venture 18.6 21 Buy PER20x FY18/19
10/12/17 OCBC Venture 18.55 20.33 Buy
11/06/17 UOB Kay Hian Venture 19.29 23.5 Buy PER18x FY18
11/06/17 DMG & Partners Venture 19.29 24.1 Buy DCF, PER18x FY18
11/06/17 OCBC Venture 19.29 23 Buy
11/06/17 CIMB Venture 19.29 24.74 Add PER17.3x FY19
11/06/17 Lim & Tan Venture 19.29 0 Buy
11/06/17 DBS Vickers Venture 19.29 26 Buy PER19.5x FY18/19
11/06/17 Credit Suisse Venture 19.29 22.1 Outperform
11/06/17 Citibank Venture 19.29 21.75 Buy
12/06/17 DBS Vickers Venture 20.54 26 Buy
12/20/17 CIMB Venture 20.2 24.74 Add
01/05/18 DBS Vickers Venture 21.97 26 Buy
01/10/18 Kim Eng Venture 21.57 27.5 Buy PER18.8x FY18
01/15/18 UOB Kay Hian Venture 22.65 23.5 Buy
01/19/18 Lim & Tan Venture 23.15 0 Buy
01/24/18 DMG & Partners Venture 23.9 24.1 Buy
01/24/18 Credit Suisse Venture 23.9 27.2 Outperform
02/07/18 CIMB Venture 22.48 24.74 Add
02/08/18 CIMB Venture 22.29 29.13 Add
02/13/18 UOB Kay Hian Venture 21.92 23.5 Buy
02/20/18 DMG & Partners Venture 23.53 24.1 Buy
02/23/18 UOB Kay Hian Venture 25.03 31.88 Buy PER19x FY18
02/23/18 Citibank Venture 25.03 31.74 Buy
03/01/18 OCBC Venture 27.56 34 Buy
03/01/18 UOB Kay Hian Venture 27.56 31.88 Buy PER19x FY18
03/01/18 DMG & Partners Venture 27.56 30.5 Buy DCF, PER19x FY18
03/01/18 Kim Eng Venture 27.56 31.2 Buy PB3.7x FY18
03/01/18 CIMB Venture 27.56 30.81 Add PER17.7x FY19
03/01/18 Lim & Tan Venture 27.56 0 Buy
03/01/18 DBS Vickers Venture 27.56 32.2 Buy PER19.5x FY18/19
03/05/18 Credit Suisse Venture 26.84 32 Outperform
04/03/18 DBS Vickers Venture 28.14 32.2 Buy
04/06/18 CIMB Venture 27.73 30.81 Add PER17.7x FY19
04/20/18 Lim & Tan Venture 28.82 0 Hold
04/23/18 UOB Kay Hian Venture 25.29 30.6 Buy PER19x FY18
04/26/18 UOB Kay Hian Venture 22.57 25 Buy PER16.1x FY18
04/26/18 Credit Suisse Venture 22.57 24 Neutral
04/26/18 OCBC Venture 22.57 30 Buy DCF
04/26/18 CIMB Venture 22.57 25.64 Add PER15.4x
04/26/18 Lim & Tan Venture 22.57 23.4 Hold PER16x FY18
04/26/18 DMG & Partners Venture 22.57 26 Buy DCF, PER17.2x FY18
04/26/18 Kim Eng Venture 22.57 28.83 Buy
04/26/18 DBS Vickers Venture 22.57 27.2 Buy PER17.5x FY18/19
05/08/18 Lim & Tan Venture 20.65 0 Buy on weakness
05/08/18 Citibank Venture 20.65 31.74 Buy
05/25/18 CIMB Venture 20.55 25.64 Add
06/06/18 Kim Eng Venture 21.63 28.83 Buy PB3.4x
06/11/18 CIMB Venture 21.13 25.64 Add PER15.4x
06/13/18 Lim & Tan Venture 20.65 0 Accumulate
07/03/18 UOB Kay Hian Venture 17.66 25 Buy
07/05/18 UOB Kay Hian Venture 17.5 18.2 Hold PER14x FY18, Buy @ $14
07/12/18 CIMB Venture 16.67 17.83 Hold PER12.3x
07/19/18 Credit Suisse Venture 16.89 14.5 Underperform PER11x
08/06/18 UOB Kay Hian Venture 16.85 18.2 Hold PER14x FY18, Buy @ $16
08/06/18 DMG & Partners Venture 16.85 22.2 Buy PER15.5x FY18
08/06/18 OCBC Venture 16.85 23.23 Buy PER15x
08/06/18 CIMB Venture 16.85 17.83 Hold PER12.3x
08/06/18 Lim & Tan Venture 16.85 0 Buy
08/07/18 DBS Vickers Venture 18.6 22.9 Buy PER15.8x FY18/19

Stock calls for 23 August 2018


Date Analyst Company Last Target Call Valuation
08/23/18 DMG & Partners Capitaland 3.34 4 Buy RNAV (20% discount)
08/23/18 NRA Regal 0.11 0.3 Overweight
08/23/18 phillip SHS 0.24 0.29 Buy
08/23/18 NRA Uni-Asia 1.38 1.99 Overweight PB0.5x

The Australian PM may quit soon because he is losing support.

https://sg.news.yahoo.com/lawmaker-tells-australian-leader-party-doesnt-back-him-232549188.html

The Aussie PM may quit soon because he is losing support for his anti-china policies.

The Australian economy won't be good with anti-China policies.

Australia is still anti-china.

https://sg.news.yahoo.com/australia-bans-chinas-huawei-participating-mobile-network-infrastructure-234923278--finance.html

If Australia wants to ban China Huawei, China can also ban Australia wines & dairy products.  Who has more to lose?

No wonder Australia PM and his party are crumbling.

Wednesday, August 22, 2018

The Anti-China Australian PM and his party are crumbling.

https://www.afp.com/en/news/23/ministers-offer-quit-australia-political-crisis-deepens-doc-18i7ap1

The Anti-China Australian PM and his party are crumbling in the face of an economic slowdown.

The economic slowdown was exacerbated by the unfriendliness towards China and caused some trading obstacles between Australia and China.

The current Australian PM and his party have to be removed from power in order for an improvement in the Australia-China relationship.  The politicians and the residents know this and they've to effect the change to stop the economic slowdown and improve the relationship with China.


Maersk has begun its first container ship using the Arctic sea.

https://sg.news.yahoo.com/maersk-launches-first-container-ship-132220934.html

This is the first time Maersk has bypassed the Strait of Malacca and Singapore port to move its cargoes.

Once Maersk collects enough data and experience in manoeuvring the Arctic Sea, it will reduce its shipping frequency to the Strait of Malacca and Singapore.

Temasek's investment portfolio has suffered another loss!

https://finance.yahoo.com/news/sea-loss-widens-investment-shopee-230841952.html

Temasek is a shareholder in another loss-making company, SEA LTD.

SEA lost US$250.8 in the previous quarter and would continue its losses in the competitive e-commerce industry because it wanted to gain its market share.

Tuesday, August 21, 2018

The stock market is overly optimistic about US-China trade talk.

The stock investors are overly optimistic about the upcoming US-China trade talk.  Why?

This US-China trade talk is a mid-level negotiation which will just set the stage for the November trade meeting between Trump and Xi.  Therefore, there won't be any significant trade dispute that will be resolved in this August trade talk and the mid-level authorities are not empowered to make any important trade decision but to defer the decision-making to November.

Anyway, any decision made in this August trade talk can be easily revoked by Trump in November.  Thus, it is pointless to remain optimistic for any good outcome.

Vard - Stock calls


Date Analyst Company Last Target Call Valuation
05/15/17 OCBC Vard 0.24 0.23 Hold PB0.8x
05/16/17 DBS Vickers Vard 0.24 0.25 Hold PB0.8x
07/21/17 DBS Vickers Vard 0.245 0.25 Hold
07/26/17 DBS Vickers Vard 0.245 0.24 Hold PB0.8x
11/14/17 DBS Vickers Vard 0.245 0.25 Hold PB0.78x, P/NTA0.99x, Offer price $0.25
07/09/18 CIMB Vard 0.25 0.25 Do Not Accept Offer $0.25 is not fair