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Tuesday, September 11, 2018

Bukit Sembawang - Stock calls


Date Analyst Company Last Target Call Valuation
03/02/17 DBS Vickers Bukit Sembawang 4.85 7.55 Buy Takeover target
12/14/17 Kim Eng Bukit Sembawang 5.93 8.25 Buy RNAV (20% discount)
01/16/18 Kim Eng Bukit Sembawang 6.39 8.25 Buy RNAV (38% discount), PB1.37x
02/22/18 Kim Eng Bukit Sembawang 6.13 8.25 Buy RNAV (20% discount)
03/20/18 Kim Eng Bukit Sembawang 6.03 8.55 Buy RNAV (20% discount)
04/11/18 Kim Eng Bukit Sembawang 6.08 8.55 Buy
05/25/18 Kim Eng Bukit Sembawang 6.17 8.55 Buy RNAV (20% discount)
06/20/18 Kim Eng Bukit Sembawang 6.04 8.55 Buy
07/09/18 Kim Eng Bukit Sembawang 5.31 5.1 Hold
09/06/18 Kim Eng Bukit Sembawang 5.92 5.1 Hold

Breadtalk - Stock calls


Date Analyst Company Last Target Call Valuation
01/02/17 DIR Breadtalk 1.285 1.42 Outperform PER20.9x FY17
01/03/17 DMG & Partners Breadtalk 1.16 1.45 Buy EV/Ebitda5x FY17, PER16.5x FY17
01/26/17 OCBC Breadtalk 1.225 1.07 Hold PER23x FY17
02/24/17 DMG & Partners Breadtalk 1.31 1.5 Buy EV/Ebitda 6x FY17
02/24/17 OCBC Breadtalk 1.31 1.21 Hold PER24x FY17
04/04/17 DBS Vickers Breadtalk 1.355 1.69 Buy
05/04/17 DIR Breadtalk 1.395 1.53 Outperform PER20.9x FY17
05/04/17 DMG & Partners Breadtalk 1.395 1.6 Buy EV/Ebitda 6x FY17
05/04/17 OCBC Breadtalk 1.395 1.21 Hold
06/09/17 DBS Vickers Breadtalk 1.65 1.92 Buy Sum of parts
07/04/17 DMG & Partners Breadtalk 1.515 1.6 Buy
08/01/17 DBS Vickers Breadtalk 1.75 1.92 Buy
08/03/17 DMG & Partners Breadtalk 1.795 1.83 Neutral EV/Ebitda 6x FY18
08/03/17 DBS Vickers Breadtalk 1.795 2.04 Buy PER18x FY18
10/31/17 DBS Vickers Breadtalk 1.555 2.04 Buy
11/06/17 DMG & Partners Breadtalk 1.615 1.83 Buy EV/Ebitda 6x FY18
11/07/17 DBS Vickers Breadtalk 1.605 2.01 Buy Sum of parts
01/26/18 DMG & Partners Breadtalk 1.72 2.09 Buy Sum of parts
02/20/18 DMG & Partners Breadtalk 1.69 2.09 Buy
02/23/18 DMG & Partners Breadtalk 1.75 2 Buy Sum of parts
02/23/18 DBS Vickers Breadtalk 1.75 2.05 Buy Sum of parts
03/19/18 DMG & Partners Breadtalk 1.94 2 Take Profit Sum of parts
05/04/18 DMG & Partners Breadtalk 1.83 1.86 Neutral Sum of parts
05/08/18 DBS Vickers Breadtalk 1.78 1.98 Buy Sum of parts
05/23/18 DMG & Partners Breadtalk 0.925 0.93 Neutral Sum of parts, Stock split 1-into-2
06/22/18 DMG & Partners Breadtalk 1 0.93 Neutral
07/19/18 DMG & Partners Breadtalk 1.1 1.04 Neutral Sum of parts, Stock split target $0.99
08/03/18 DMG & Partners Breadtalk 1.14 1 Sell
08/07/18 DBS Vickers Breadtalk 1.05 1.07 Hold Sum of parts

Boustead Projects - Stock calls


Date Analyst Company Last Target Call Valuation
03/27/17 CIMB Boustead Projects 0.805 1.04 Add RNAV (40% discount)
05/24/17 CIMB Boustead Projects 0.86 1.04 Add RNAV (40% discount)
05/21/18 Lim & Tan Boustead Projects 0.81 0 Hold

Stock calls for 11 September 2018


Date Analyst Company Last Target Call Valuation
09/11/18 DMG & Partners Capitaland 3.29 4 Buy
09/11/18 DBS Vickers Capitamall Trust 2.09 2.45 Buy
09/11/18 phillip Comfortdelgro 2.23 2.78 Accumulate
09/11/18 UOB Kay Hian CSE Global 0.435 0.59 Buy PER15x FY19
09/11/18 CIMB Japfa 0.595 0.8 Add Sum of parts
09/11/18 OCBC SPH 2.79 2.52 Hold
09/11/18 Lim & Tan SPH 2.79 0 Hold

Monday, September 10, 2018

Boustead - Stock calls


Date Analyst Company Last Target Call Valuation
05/24/17 CIMB Boustead 0.88 0.96 Add Sum of parts (20% discount)
05/24/18 Lim & Tan Boustead 0.785 0 Hold

Blackgold - Stock calls


Date Analyst Company Last Target Call Valuation
08/28/17 phillip Blackgold 0.118 0.16 Trading Buy PER10x
12/06/17 phillip Blackgold 0.086 0.16 Trading Buy PER10x

Best World - Stock calls


Date Analyst Company Last Target Call Valuation
01/16/17 CLSA Best World 1.46 2.5 Buy PER18x FY17
02/01/17 DBS Vickers Best World 1.83 2.36 Buy PER16x FY17
02/23/17 CIMB Best World 1.93 2.97 Add PER16.1x CY18
02/27/17 DBS Vickers Best World 2.03 2.44 Buy PER16x FY17
03/24/17 Kim Eng Best World 2.54 2.34 Buy PER16x FY17
05/11/17 CIMB Best World 2.79 3.05 Add PER16.1x CY18
05/11/17 Kim Eng Best World 2.79 3.53 Buy PEG0.75x
05/12/17 DBS Vickers Best World 2.84 3.31 Buy PER18x FY17
05/22/17 DBS Vickers Best World 1.44 1.65 Buy 1 for 2 stock split
07/19/17 CIMB Best World 1.345 1.7 Add PER18x CY18
08/08/17 Kim Eng Best World 1.59 1.88 Buy PER19x FY18, PEG0.7x
08/08/17 CIMB Best World 1.59 1.8 Add PER18x CY18
08/10/17 DBS Vickers Best World 1.525 1.82 Buy PER18x FY18
08/17/17 DBS Vickers Best World 1.34 1.45 Hold PER17x FY17
09/07/17 CIMB Best World 1.235 1.8 Add PER18x CY18
11/09/17 Kim Eng Best World 1.315 1.88 Buy PER19x FY18
11/10/17 CIMB Best World 1.26 1.4 Hold PER14.6x CY18
11/10/17 DBS Vickers Best World 1.26 1.45 Hold PER17x FY18
12/04/17 Kim Eng Best World 1.26 1.88 Buy PER19x FY18, PEG0.7x
02/27/18 Kim Eng Best World 1.37 2.06 Buy
02/28/18 DBS Vickers Best World 1.44 1.79 Buy PER17x FY18
02/28/18 CIMB Best World 1.44 1.7 Add PER14x CY19
04/02/18 Kim Eng Best World 1.84 2.06 Buy
05/15/18 DBS Vickers Best World 1.45 1.29 Fully Valued PER15x FY18/19
05/16/18 CIMB Best World 1.29 1.39 Hold PER12.5x CY19
08/10/18 CIMB Best World 1.25 1.39 Hold PER12.5x CY19
08/10/18 DBS Vickers Best World 1.25 1.15 Fully Valued PER15x FY18

Stock calls for 10 September 2018


Date Analyst Company Last Target Call Valuation
09/10/18 CIMB A-Reit 2.63 2.89 Add DDM
09/10/18 UOB Kay Hian DISA 0.008 0.013 Buy DCF
09/10/18 OCBC Keppel Corp 6.36 8.38 Buy Sum of parts
09/10/18 Kim Eng Netlink 0.785 0.93 Buy DDM
09/10/18 UOB Kay Hian SATS 5.01 6.1 Buy
09/10/18 UOB Kay Hian SIA 9.62 11.1 Hold
09/10/18 UOB Kay Hian SIA Engineering 2.93 3.4 Hold
09/10/18 DBS Vickers Soilbuild Reit 0.625 0.62 Hold
09/10/18 OCBC Soilbuild Reit 0.625 0.69 Buy
09/10/18 DBS Vickers SPH 2.73 2.58 Hold
09/10/18 UOB Kay Hian ST Engineering 3.32 3.8 Buy EV/Invested capital basis

Democracy has prevailed in Singapore gay sex ban.

https://sg.news.yahoo.com/thousands-back-petition-maintain-singapores-gay-sex-ban-071417138.html

Many people do not understand the true meaning of democracy.  Democracy is not about individual rights.

Please see below for the definition.

https://www.merriam-webster.com/dictionary/democracy

In a plain form, democracy is the rule of the majority.  Therefore, the minority cannot impose its rights and beliefs on the majority under a democratic society.  When there is a conflict between the majority and the minority, the democratic government must allow the majority rule to prevail to maintain the peace and order of the democratic society or else it will risk losing credibility and integrity because the government is voted into power by the majority.

Our society cannot accept gays and lesbians' sex or same-sex marriage in Singapore.  Therefore, these people cannot impose their values on the society and disrupt the peace and order.

We must not allow selective democracy to prevail because it is a prejudiced system.

Saturday, September 8, 2018

China's export growth is still powering ahead despite US tariffs.

https://www.bloombergquint.com/china/2018/09/08/china-s-export-growth-in-august-beats-forecasts-in-yuan-terms#gs.kCwr08Y

The RMB depreciation is helping China's export growth because it helps to cushion against the US tariffs.  The consumer consumption is also showing no letdown because the import is also growing.

This shows that the Chinese have high savings to withstand the US tariffs.

Baltic dry index - 1484

Today, Thursday, September 7 2018, the Baltic Dry Index climbed by 7 points, reaching 1484 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

HOUSTON, Sept. 7 (Xinhua) -- The number of active drilling rigs in the United States stayed steady this week, showed weekly data released by Baker Hughes on Friday.
The Houston-based oilfield services company reported that the U.S. count remained at 1,048 drilling rigs, but still 104 more than that this time last year.
The number of rigs operating in U.S. oil fields decreased by two to a total of 860, while the number of rigs drilling for gas gained two to a total of 186 this week. The count of miscellaneous rigs remained level at two.
U.S. oil price slightly decreased by 0.03 percent on Friday amid higher U.S. dollar index, strong monthly payroll data in the country, as well as new tariff threat on imported goods from China.
The West Texas Intermediate (WTI) for October delivery decreased 0.02 U.S. dollar to settle at 67.75 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery added 0.49 dollar to 76.99 dollars a barrel on the London ICE Futures Exchange.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Trump has another additional tariff for $267b of Chinese goods.

https://finance.yahoo.com/news/trump-threatens-tariffs-another-267-161253830.html

Besides the impending tariffs on $200b Chinese goods, Trump has another tariff for $267b of Chinese goods.  By then, Trump will have imposed tariffs on all Chinese goods.

However, Trump doesn't understand China's resolve to defend itself by imposing in-kind retaliation and US consumers have limited savings to withstand the price hikes from the tariffs.

What is Trump going to do next after imposing tariffs on all Chinese goods?

Friday, September 7, 2018

Banyan Tree - Stock calls


Date Analyst Company Last Target Call Valuation
08/04/17 phillip Banyan Tree 0.565 0.77 Buy Sum of parts
08/14/17 phillip Banyan Tree 0.55 0.74 Buy Sum of parts, PB0.87x FY18
09/12/17 UOB Kay Hian Banyan Tree 0.64 0.93 Buy Sum of parts, EV/Ebitda12.9x FY18
09/27/17 UOB Kay Hian Banyan Tree 0.62 0.92 Buy Sum of parts, EV/Ebitda12.9x FY18
11/09/17 UOB Kay Hian Banyan Tree 0.62 0.92 Buy Sum of parts
11/13/17 phillip Banyan Tree 0.605 0.71 Accumulate Sum of parts, PB0.7x FY18
01/11/18 UOB Kay Hian Banyan Tree 0.63 0.92 Buy Sum of parts
02/28/18 UOB Kay Hian Banyan Tree 0.62 0.92 Buy Sum of parts
03/01/18 phillip Banyan Tree 0.605 0.71 Accumulate Sum of parts
03/05/18 UOB Kay Hian Banyan Tree 0.585 0.92 Buy
04/20/18 UOB Kay Hian Banyan Tree 0.605 1 Buy Sum of parts
05/16/18 UOB Kay Hian Banyan Tree 0.58 1 Buy Sum of parts
05/17/18 phillip Banyan Tree 0.575 0.73 Accumulate Sum of parts, PB0.94x FY18
07/16/18 phillip Banyan Tree 0.525 0.73 Accumulate Sum of parts, PB0.94x FY18
08/15/18 UOB Kay Hian Banyan Tree 0.535 1 Buy Sum of parts
08/24/18 phillip Banyan Tree 0.54 0.73 Accumulate Sum of parts, PB0.94x FY18

Ayonda - Stock calls


Date Analyst Company Last Target Call Valuation
08/31/18 phillip Ayonda 0.009 0.22 Buy Price to sales 6x FY18

Avi-Tech - Stock calls

Date Analyst Company Last Target Call Valuation
02/09/17 Lim & Tan Avi-Tech 0.335 0 Buy
03/29/17 DMG & Partners Avi-Tech 0.4 0.52 Buy DCF, PER5.7x FY18, Ex-cash
05/15/17 DMG & Partners Avi-Tech 0.44 0.52 Buy DCF
08/07/17 DMG & Partners Avi-Tech 0.51 0.52 Buy
08/21/17 DMG & Partners Avi-Tech 0.47 0.59 Buy DCF, PER12x FY18
08/21/17 Lim & Tan Avi-Tech 0.47 0 Buy
11/14/17 DMG & Partners Avi-Tech 0.525 0.59 Buy DCF, PER12x FY18
01/24/18 DMG & Partners Avi-Tech 0.48 0.59 Buy DCF, PER12x FY18
02/20/18 DMG & Partners Avi-Tech 0.49 0.59 Buy
05/08/18 DMG & Partners Avi-Tech 0.455 0.46 Neutral DCF, PER11.5x FY19
05/16/18 DMG & Partners Avi-Tech 0.44 0.43 Neutral DCF, PER11.5x FY19
06/27/18 DMG & Partners Avi-Tech 0.39 0.43 Neutral

Stock calls for 7 September 2018


Date Analyst Company Last Target Call Valuation
09/07/18 OCBC A-Reit 2.69 2.71 Hold
09/07/18 DBS Vickers APAC Realty 0.565 0.62 Hold PER10x FY19
09/07/18 OCBC Frasers Logistics 1.08 1.19 Buy
09/07/18 phillip Geo Energy 0.22 0.34 Buy
09/07/18 phillip Golden Energy 0.255 0.41 Buy
09/07/18 UOB Kay Hian M1 1.57 1.55 Sell
09/07/18 DMG & Partners Silverlake 0.445 0.57 Buy

The US is starting an economic imperialism programme for developing countries.

https://sg.finance.yahoo.com/news/proposed-us-initiative-aims-apos-065000915.html

While the US accuses China of economic imperialism, it is starting its own imperialism programme for developing countries with the BUILD programme, albeit at a much smaller fund than China's BRI.

If you think the US won't impose any unreasonable conditions, you will be dead wrong about it because the US will only think of its own benefits.  A good example would be the abandoned TPP by the US because it couldn't impose more unreasonable conditions on other countries on top of the ISDS.

https://sg-stock.blogspot.com/2017/05/fearmongering-by-western-media.html

The US is finding an excuse to attack Syria now.

https://sg.news.yahoo.com/u-seen-evidence-syria-preparing-chemical-weapons-idlib-001207754.html

The US is using the same tactic to launch an attack against Syria now.  The US also said the same thing about Iraq possessing WMDs before the US attacked Iraq but couldn't find any WMDs at the end.

Thursday, September 6, 2018

Astaka - Stock calls


Date Analyst Company Last Target Call Valuation
08/24/17 NRA Astaka 0.092 0.13 Overweight RNAV (56% discount)