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Tuesday, September 4, 2018

APAC Realty - Stock calls


Date Analyst Company Last Target Call Valuation
09/25/17 Lim & Tan APAC Realty 0.66 0 Subscribe IPO
11/09/17 DBS Vickers APAC Realty 0.89 1.03 Buy DCF & PER15x FY18
11/13/17 DBS Vickers APAC Realty 0.905 1.12 Buy DCF & PER15x FY18
11/30/17 DMG & Partners APAC Realty 0.885 1.2 Buy DCF & PER15x FY18
12/06/17 DBS Vickers APAC Realty 0.865 1.12 Buy PER15x FY18
01/12/18 DMG & Partners APAC Realty 0.94 1.2 Buy
02/19/18 DBS Vickers APAC Realty 1.02 1.12 Buy
02/20/18 DMG & Partners APAC Realty 1.06 1.2 Buy
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
03/20/18 DBS Vickers APAC Realty 1.19 1.42 Buy DCF & PER15x FY18
04/10/18 DMG & Partners APAC Realty 1.17 1.35 Buy
05/10/18 DBS Vickers APAC Realty 1.03 1.32 Buy DCF & PER15x FY18
05/30/18 DMG & Partners APAC Realty 0.905 1.35 Buy DCF
06/06/18 DBS Vickers APAC Realty 0.925 1.32 Buy
06/18/18 DBS Vickers APAC Realty 0.815 1.22 Buy DCF
07/03/18 DMG & Partners APAC Realty 0.785 1.35 Buy
07/09/18 DBS Vickers APAC Realty 0.58 0.66 Fully Valued PER10x FY18
07/13/18 DMG & Partners APAC Realty 0.605 0.77 Buy DCF
08/08/18 DMG & Partners APAC Realty 0.63 0.77 Buy DCF
08/08/18 DBS Vickers APAC Realty 0.63 0.62 Hold PER10x FY19
09/03/18 DMG & Partners APAC Realty 0.57 0.77 Buy DCF

Stock calls for 4 September 2018


Date Analyst Company Last Target Call Valuation
09/04/18 Lim & Tan Capitaland 3.42 0 Buy
09/04/18 OCBC Comfortdelgro 2.3 2.5 Hold
09/04/18 DBS Vickers Comfortdelgro 2.3 2.59 Buy
09/04/18 OCBC Frasers Centrepoint Trust 2.27 2.49 Buy
09/04/18 OCBC Keppel DC Reit 1.36 1.54 buy
09/04/18 OCBC Mapletree North Asia 1.15 1.42 Buy
09/04/18 DMG & Partners SGX 7.42 8.4 Buy PER23.4x FY19
09/04/18 UOB Kay Hian SPH 2.81 2.58 Hold DCF, Buy @ $2.45
09/04/18 Goldman Sachs Thai Beverage 0.645 0.74 Buy Cut from $0.94
09/04/18 JP Morgan Thai Beverage 0.645 0.64 Underweight

South China sea shoal is a treacherous region.

https://sg.news.yahoo.com/philippines-extricates-warship-south-china-sea-shoal-232756352.html

Philippines navy got grounded in the South China sea shoal which showed that its navy didn't have an in-depth knowledge of the shoal region.

We had stated previously that the South China sea shoal was a treacherous region and no commercial shippers would want to sail there.

http://sg-stock.blogspot.com/2017/01/lets-stop-harping-on-south-china-sea.html

Thus, it is pointless to promote freedom of navigation in such a treacherous region and doing so would cause harm to the commercial shippers.


Monday, September 3, 2018

Mark my words! Singapore price hikes are coming in the future! - Part 2

https://www.channelnewsasia.com/news/singapore/public-transport-operators-may-increase-fares-by-up-to-4-3-10680038

Hahaha! Why am I not surprised?

We have already predicted that price hikes are coming in Singapore.

http://sg-stock.blogspot.com/2018/08/mark-my-words-singapore-price-hikes-are.html

Aoxin Q&M - Stock calls


Date Analyst Company Last Target Call Valuation
06/01/18 Phillip Aoxin Q&M 0.22 0.29 Not Rated PER35x FY19

Amara - Stock calls


Date Analyst Company Last Target Call Valuation
04/12/17 DMG & Partners Amara 0.54 0.88 Buy PB0.65x
05/17/17 DMG & Partners Amara 0.56 0.88 Buy PB0.65x
10/09/17 DMG & Partners Amara 0.53 0.88 Buy
11/15/17 DMG & Partners Amara 0.54 0.88 Buy PB0.65x
02/26/18 DMG & Partners Amara 0.55 0.88 Buy PB0.65x
05/16/18 DMG & Partners Amara 0.515 0.88 Buy PB0.65x
08/21/18 DMG & Partners Amara 0.475 0.88 Buy RNAV (35% discount)

AIMS AMP Cap Ind Reit - Stock calls


Date Analyst Company Last Target Call Valuation
05/26/17 Kim Eng AIMS AMP Cap Ind Reit 1.415 1.6 Buy DDM
06/22/17 Kim Eng AIMS AMP Cap Ind Reit 1.44 1.6 Buy
07/03/17 Kim Eng AIMS AMP Cap Ind Reit 1.48 1.6 Buy
10/27/17 Kim Eng AIMS AMP Cap Ind Reit 1.435 1.6 Buy
02/01/18 Lim & Tan AIMS AMP Cap Ind Reit 1.37 0 Hold
02/02/18 Kim Eng AIMS AMP Cap Ind Reit 1.37 1.5 Buy
03/19/18 DBS Vickers AIMS AMP Cap Ind Reit 1.38 1.57 Not Rated
04/16/18 Kim Eng AIMS AMP Cap Ind Reit 1.38 1.5 Buy DDM
06/19/18 DBS Vickers AIMS AMP Cap Ind Reit 1.38 1.55 Buy DCF
07/06/18 DBS Vickers AIMS AMP Cap Ind Reit 1.38 1.55 Buy

Stock calls for 3 September 2018


Date Analyst Company Last Target Call Valuation
09/03/18 Phillip 800Super 0.635 1.03 Buy DCF, PER13x FY19
09/03/18 DMG & Partners APAC Realty 0.57 0.77 Buy DCF
09/03/18 UOB Kay Hian CDL Hospitality 1.56 1.86 Buy
09/03/18 UOB Kay Hian CSE Global 0.445 0.58 Buy
09/03/18 CIMB Dyna-Mac 0.107 0.13 Add PB1.3x CY18
09/03/18 OCBC Frasers Logistics 1.1 1.18 Buy
09/03/18 DBS Vickers Frasers Logistics 1.1 1.2 Buy
09/03/18 Lim & Tan Frasers Logistics 1.1 0 Hold
09/03/18 UOB Kay Hian OCBC 11.3 13.68 Buy
09/03/18 DIR Singtel 3.23 3.47 Outperform Sum of parts
09/03/18 UOB Kay Hian Singtel 3.23 3.98 Buy
09/03/18 CIMB ST Engineering 3.34 3.8 Add
09/03/18 UOB Kay Hian Valuetronics 0.75 0.96 Buy
09/03/18 OCBC Viva Industrial 0.91 0.942 Accept Offer $0.096 cash & 1.6 ESR-Reit share (New value $0.53)
09/03/18 UOB Kay Hian Wheelock Properties 2.17 2.33 Buy

Mahathir scored a win against Singapore.

http://www.asiaone.com/malaysia/hsr-deferred-2-years-malaysia-spared-penalty-payment-singapore-report

Malaysia is spared from any liquidation damage and cancellation fee from the deferment.

What if the HSR is deferred again after 2 years?  Is SG going to get any compensation from Malaysia then?

Saturday, September 1, 2018

Baltic dry index - 1614

Today, Thursday, August 30 2018, the Baltic Dry Index decreased by 47 points, reaching 1614 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 - 1048

The US drilling rig count gained 4 rigs to 1,048 units working for the week ended Aug. 31, according to Baker Hughes data. The count is up 105 units from this time a year ago when the count stood at 943.
Offshore units remained unchanged from last week with 18 units working. A total of 1,028 rigs were drilling on land, up 3 from a week ago. The number of rigs drilling in inland waters was up 1 to 2 units working.
US oil-directed rigs were up 2 from last week at 862 units working, and up from the 759 rigs drilling for oil this week a year ago. Gas-directed rigs also up 2 at 184. This time a year ago, 183 units were drilling for gas.
There was very little movement among the major oil and gas-producing states week-over-week. No state gained or lost more than 1 unit for the week ended Aug. 31.
The three states with a 1 rig gain were Louisiana, 55; Pennsylvania, 41; and Kansas, 1.
Ten states were unchanged this week, namely Texas, 528; North Dakota, 52; Colorado, 30; Wyoming, 29; Ohio, 21; California, 15; West Virginia, 13; Utah, 6; Alaska, 5; and Arkansas, 0.
Down 1 rig, Oklahoma has 139 rigs running. New Mexico also dropped 1 rig, putting its number of rigs working at 102.
Canada saw a 2-week streak of gains reversed for the week ended Aug. 31 with a single-rig loss. The 228 rigs working still surpass the 201 units drilling this week a year ago. Canada dropped 2 oil-directed rigs to reach 151 for the week and gained 1 gas-directed rig to reach 77.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

The private blockchain will cannibalize the public blockchain in the future.

The public blockchain is not as secure as initially purported.  There is a proven method, 51% attack, to hack the public blockchain, commonly known as a decentralized blockchain.

https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/

The hacking of a decentralized blockchain is not technologically challenging but rather cost challenging.  To keep the cost down, hackers have turned to rent mining rigs to hack the public blockchains.

Therefore, as the crypto prices go up, the hacking occurrences will increase too.

The crypto proponents touted the worldwide adoption of cryptocurrencies based on public blockchains had not materialized insofar and looked unlikely to happen because of the demerits of crypto.

http://sg-stock.blogspot.com/2018/01/the-truth-about-bitcoin.html

http://sg-stock.blogspot.com/2018/03/cryptocurrency-is-very-environmental.html

Furthermore, governments and financial institutions are developing and using private blockchains instead of relying on public blockchains and this will render the public blockchains as useless.

http://www.mas.gov.sg/News-and-Publications/Media-Releases/2018/MAS-and-SGX-partner-Anquan-Deloitte-and-Nasdaq-to-harness-blockchain-technology.aspx

https://cointelegraph.com/news/world-banks-blockchain-based-bonds-a-step-toward-adoption

A private blockchain allows the developer to control and monitor the entire blockchain network and maintain the integrity of the system which is suitable for a government and/or financial institution whereas a developer has to cede control on a public blockchain.

In conclusion, we would like to give a prescient warning that the rise of the private blockchain will cannibalize the public blockchain and cryptocurrency.

Friday, August 31, 2018

AEM - Stock calls


Date Analyst Company Last Target Call Valuation
03/09/17 CIMB AEM 1.555 2.69 Add GGM, PB2.95x, PER8x FY18
04/26/17 CIMB AEM 2.22 3.39 Add PER10x FY18, Ex-CB
05/19/17 CIMB AEM 2.45 3.39 Add
05/23/17 DBS Vickers AEM 2.61 3.35 Not Rated PER10x FY18
07/05/17 CIMB AEM 2.2 3.39 Add PER10x FY18
08/04/17 CIMB AEM 2.8 3.39 Add
08/10/17 CIMB AEM 2.77 3.43 Add PER10x FY18
10/17/17 CIMB AEM 2.87 4.55 Add PER10x FY18
11/06/17 CIMB AEM 3.39 4.55 Add PER10x FY19
12/20/17 CIMB AEM 3.21 4.55 Add
01/10/18 CIMB AEM 3.31 4.55 Add
01/24/18 CIMB AEM 4.16 5.97 Add PER10x CY19
02/02/18 CIMB AEM 4.97 6.62 Add PER10x CY19
03/02/18 CIMB AEM 6.3 8.19 Add PER10x CY19
04/03/18 CIMB AEM 6.78 8.19 Add PER10x FY19
04/26/18 CIMB AEM 6.32 7.24 Add PER10x FY19
05/25/18 CIMB AEM 1.47 1.78 Add 3-for-1 bonus
08/01/18 CIMB AEM 0.995 0.69 Reduce PER10x FY19

Advancer Global - Stock calls


Date Analyst Company Last Target Call Valuation
08/04/17 SAC Advisors Advancer Global Ltd 0.285 0.36 Buy
03/02/18 SAC Advisors Advancer Global Ltd 0.285 0.36 Buy

Addvalue - Stock calls


Date Analyst Company Last Target Call Valuation
04/28/17 NRA Addvalue 0.051 0.079 Not Rated
06/08/17 NRA Addvalue 0.057 0.079 Not Rated
02/08/18 NRA Addvalue 0.042 0.079 Not Rated
04/25/18 NRA Addvalue 0.04 0.079 Not Rated
06/08/18 NRA Addvalue 0.041 0.052 Overweight Mid-point of target $0.0485-$0.0552

Stock calls for 31 August 2018


Date Analyst Company Last Target Call Valuation
08/31/18 phillip Ayonda 0.009 0.22 Buy Price to sales 6x FY18
08/31/18 Lim & Tan Capitamall Trust 2.15 0 Hold

Emerging markets maybe a trigger for the next financial crisis.

https://www.bloombergquint.com/opinion/2018/08/31/this-emerging-market-selloff-looks-contagious

Argentine, Venezuela and Turkey economic problems may become the harbingers for the next financial crisis.  However, the principal factor will rest on Turkey because it is the gateway between the Middle East and Europe.  Once this Turkey's spigot stops functioning, Europe will get affected and Italy will become very vulnerable because it is economically weak.

When Europe is affected, Asia cannot escape unscathed because Europe will pull funds out from Asia to save itself.

Thursday, August 30, 2018

Acromec - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners Acromec 0.565 0.5 Buy
05/02/17 DMG & Partners Acromec 0.39 0.38 Neutral

Accrelist - Stock calls


Date Analyst Company Last Target Call Valuation
05/31/18 NRA Accrelist 0.006 0.012 Overweight

Accordia Golf Trust - Stock calls


Date Analyst Company Last Target Call Valuation
02/17/17 Amfrasers Accordia Golf Trust 0.73 0.8 Buy DDM
04/06/17 CIMB Accordia Golf Trust 0.73 0.83 Not Rated Bloomberg consensus
04/12/17 DIR Accordia Golf Trust 0.73 0.85 Buy DDM
04/17/17 Amfrasers Accordia Golf Trust 0.735 0.8 Buy
05/29/17 DIR Accordia Golf Trust 0.745 0.82 Outperform
05/30/17 Amfrasers Accordia Golf Trust 0.745 0.8 Buy
08/17/17 Amfrasers Accordia Golf Trust 0.715 0.8 Buy
11/21/17 Amfrasers Accordia Golf Trust 0.7 0.78 Buy
04/24/18 Amfrasers Accordia Golf Trust 0.64 0.78 Buy DDM
05/31/18 Lim & Tan Accordia Golf Trust 0.595 0 Hold
06/01/18 Amfrasers Accordia Golf Trust 0.605 0.7 Buy DDM
08/21/18 Amfrasers Accordia Golf Trust 0.565 0.7 Buy