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Wednesday, October 3, 2018

Food Empire - Stock calls


Date Analyst Company Last Target Call Valuation
01/23/17 UOB Kay Hian Food Empire 0.565 0.78 Buy PER19x FY17
03/02/17 UOB Kay Hian Food Empire 0.57 0.78 Buy PER19x FY17
04/03/17 UOB Kay Hian Food Empire 0.58 0.78 Buy
04/11/17 DMG & Partners Food Empire 0.575 0.76 Buy PER18x FY17
05/03/17 UOB Kay Hian Food Empire 0.54 0.78 Buy
05/12/17 DMG & Partners Food Empire 0.58 0.85 Buy
05/16/17 DMG & Partners Food Empire 0.655 0.95 Buy PER18x FY17
05/16/17 UOB Kay Hian Food Empire 0.655 0.9 Buy PER19x FY17
08/14/17 UOB Kay Hian Food Empire 0.67 0.87 Buy PER19x FY17
08/14/17 DMG & Partners Food Empire 0.67 0.95 Buy PER18x FY17
11/10/17 DMG & Partners Food Empire 0.66 1 Buy PER18x FY18
12/19/17 DMG & Partners Food Empire 0.655 1 Buy
01/04/18 DMG & Partners Food Empire 0.705 1 Buy PER12x FY18
02/20/18 DMG & Partners Food Empire 0.67 1 Buy
03/02/18 DMG & Partners Food Empire 0.7 1.07 Buy PER18x FY18
05/14/18 DMG & Partners Food Empire 0.67 1.07 Buy PER18x FY18
06/22/18 DMG & Partners Food Empire 0.65 1.07 Buy
08/15/18 DMG & Partners Food Empire 0.56 0.6 Neutral PER14x FY18

Stock calls for 3 October 2018


Date Analyst Company Last Target Call Valuation
10/03/18 UOB Kay Hian CDL Hospitality 1.61 1.86 Buy
10/03/18 UOB Kay Hian CSE Global 0.49 0.59 Buy
10/03/18 DMG & Partners Dairy Farm 9.42 9.6 Buy
10/03/18 DBS Vickers Hi-P 1 1.3 Buy PER12x FY19
10/03/18 Macquarie Keppel Corp 7.04 8.4 Outperform Sum of parts
10/03/18 UOB Kay Hian OCBC 11.31 13.68 Buy
10/03/18 UOB Kay Hian Singtel 3.23 3.94 Buy
10/03/18 Tayrona Financial TA Corp 0.24 0.35 Overweight
10/03/18 UOB Kay Hian Valuetronics 0.7 0.96 Buy
10/03/18 OCBC Wheelock Properties 2.1 2.1 Accept Offer
10/03/18 OCBC Yangzijiang 1.26 1.32 Hold

IMF will cut global economic growth forecast next week.

https://www.publicfinanceinternational.org/news/2018/10/lagarde-hints-imf-set-cut-global-growth-forecast

This is an important event because the magnitude of the cut will send chills to the backbone of the economic growth engine.

If the forecast is revised down slightly, then it's a non-event but if the cut is more than expected, it will signal that the recession is coming.

A roundup of world economic growth.

https://finance.yahoo.com/news/calls-100-oil-back-apos-130219558.html

The oil prices will continue to race ahead because of sanctions against Iran and Venezuela.

The Europe and Asia including China are slowing down.

The US interest rates will continue to go up.

http://sg-stock.blogspot.com/2018/09/a-roundup-of-us-economic-situation.html

The US-China trade war will intensify no matter what because of Trump's "America First" policy.  Therefore, there will be more tariffs coming in the future to push up inflation around the globe.



Tuesday, October 2, 2018

First Sponsor - Stock calls


Date Analyst Company Last Target Call Valuation
08/31/17 Amfrasers First Sponsor 1.37 1.62 Not Rated RNAV (25% discount)
02/09/18 Lim & Tan First Sponsor 1.41 0 Buy
07/24/18 DBS Vickers First Sponsor 1.25 1.62 Buy

First Ship Lease Trust - Stock calls


Date Analyst Company Last Target Call Valuation
08/14/17 Amfrasers First Ship Lease Trust 0.08 0.13 Buy DCF
12/13/17 Amfrasers First Ship Lease Trust 0.082 0.15 Buy DCF
01/17/18 Amfrasers First Ship Lease Trust 0.093 0.15 Buy

First Resources - Stock calls

Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners First Resources 1.9 1.8 Neutral
01/11/17 CIMB First Resources 1.915 2.32 Add
01/11/17 DBS Vickers First Resources 1.915 1.9 Hold
01/11/17 Kim Eng First Resources 1.915 1.97 Hold
01/31/17 UOB Kay Hian First Resources 1.955 1.98 Buy
02/01/17 Kim Eng First Resources 1.93 1.97 Hold
02/03/17 UOB Kay Hian First Resources 1.935 2.15 Buy PER17x FY17
02/06/17 DMG & Partners First Resources 1.965 2 Hold PER19x FY17
02/13/17 DBS Vickers First Resources 1.97 1.9 Hold
02/17/17 DBS Vickers First Resources 1.96 2.19 Buy
02/28/17 CIMB First Resources 1.87 2.32 Add PER13x FY18
03/01/17 DBS Vickers First Resources 1.885 2.15 Buy DCF
03/01/17 Kim Eng First Resources 1.885 1.97 Hold PER17x FY17
03/01/17 UOB Kay Hian First Resources 1.885 2.15 Buy PER17x FY17
03/09/17 DMG & Partners First Resources 1.94 1.9 Neutral
04/11/17 DMG & Partners First Resources 1.915 1.8 Neutral
05/02/17 UOB Kay Hian First Resources 1.875 2.15 Buy PER17x FY17
05/12/17 CIMB First Resources 1.96 2.32 Add PER13x FY18
05/12/17 Kim Eng First Resources 1.96 1.97 Hold PER17x FY17
05/15/17 DMG & Partners First Resources 1.955 2.05 Neutral PER17x FY17
05/16/17 DBS Vickers First Resources 2 2.15 Buy DCF
06/29/17 UOB Kay Hian First Resources 1.915 1.95 Hold
07/11/17 DBS Vickers First Resources 1.89 2.15 Buy
07/20/17 UOB Kay Hian First Resources 1.885 1.95 Hold PER16x FY18, Buy @ $1.75
08/14/17 Kim Eng First Resources 1.84 1.97 Hold PER17x FY17
08/14/17 DMG & Partners First Resources 1.84 2.05 Neutral PER17x FY17
08/15/17 CIMB First Resources 1.84 2.32 Add PER13x FY18
08/15/17 DBS Vickers First Resources 1.84 2.13 Buy DCF
08/21/17 UOB Kay Hian First Resources 1.8 1.95 Hold
08/28/17 DIR First Resources 1.905 2.11 Outperform PER13x FY17/18
09/11/17 Kim Eng First Resources 1.88 1.97 Hold
09/13/17 DBS Vickers First Resources 1.885 2.13 Buy
10/09/17 UOB Kay Hian First Resources 1.925 1.95 Hold PER16x FY18, Buy @ $1.75
10/11/17 Kim Eng First Resources 1.93 2.04 Hold PER17x FY17
10/11/17 CIMB First Resources 1.93 2.32 Add
11/02/17 Credit Suisse First Resources 1.98 2.3 Neutral PER16x FY18
11/03/17 CIMB First Resources 1.96 2.32 Add
11/13/17 Kim Eng First Resources 1.94 2.04 Hold PER17x FY17
11/13/17 DBS Vickers First Resources 1.94 2.13 Buy
11/14/17 Kim Eng First Resources 1.95 2.04 Hold PER17x FY17
11/14/17 DMG & Partners First Resources 1.95 2.13 Neutral PER13x FY18
11/14/17 CIMB First Resources 1.95 2.13 Add PER13x FY19
11/15/17 DBS Vickers First Resources 1.93 2.18 Buy DCF, PER14.5x FY18
11/15/17 UOB Kay Hian First Resources 1.93 1.95 Hold PER16x FY18, Buy @ $1.75
11/15/17 Credit Suisse First Resources 1.93 2.3 Neutral
12/04/17 CIMB First Resources 1.88 2.13 Add
12/13/17 Kim Eng First Resources 1.88 2.04 Hold
12/13/17 DMG & Partners First Resources 1.88 2.03 Neutral PER12x FY18
01/04/18 CIMB First Resources 1.88 2.13 Add
01/15/18 DBS Vickers First Resources 1.87 2.18 Buy
02/08/18 UOB Kay Hian First Resources 1.84 1.95 Hold PER16x FY18x, Buy @ $1.75
02/13/18 Kim Eng First Resources 1.75 2.04 Hold
02/27/18 Kim Eng First Resources 1.76 2.2 Buy PER17x FY18
02/27/18 DMG & Partners First Resources 1.76 1.75 Neutral PER12x FY18
02/28/18 DBS Vickers First Resources 1.79 2.18 Buy DCF, PER15.8x FY18
02/28/18 CIMB First Resources 1.79 2.03 Add PER15x CY19
02/28/18 Credit Suisse First Resources 1.79 2.3 Neutral
03/05/18 Kim Eng First Resources 1.76 2.2 Buy
03/07/18 UOB Kay Hian First Resources 1.76 1.95 Hold PER16x FY18
03/14/18 DBS Vickers First Resources 1.75 2.18 Buy
04/03/18 DBS Vickers First Resources 1.68 2.18 Buy
05/07/18 UOB Kay Hian First Resources 1.69 1.6 Hold PER13x FY18, Buy @ $1.40
05/15/18 CIMB First Resources 1.61 2.03 Add PER15x CY19
05/15/18 DMG & Partners First Resources 1.61 1.75 Neutral PER12x FY18
05/16/18 DMG & Partners First Resources 1.56 1.6 Neutral PER12x FY18
05/16/18 DBS Vickers First Resources 1.56 2.18 Buy
06/21/18 UOB Kay Hian First Resources 1.55 1.6 Hold
07/03/18 DBS Vickers First Resources 1.55 2 Buy DCF
07/11/18 Kim Eng First Resources 1.55 2 Buy
08/02/18 UOB Kay Hian First Resources 1.62 1.6 Hold PER13x FY18, Buy @ $1.40
08/14/18 Kim Eng First Resources 1.56 2 Buy
08/14/18 DMG & Partners First Resources 1.56 1.6 Neutral PER11x FY19
08/14/18 CIMB First Resources 1.56 2.03 Add PER15x CY19
08/16/18 DBS Vickers First Resources 1.59 2 Buy DCF
09/13/18 Kim Eng First Resources 1.67 2 Buy
09/13/18 DBS Vickers First Resources 1.67 2 Buy

Stock calls for 2 October 2018


Date Analyst Company Last Target Call Valuation
10/02/18 Lim & Tan A-Reit 2.63 0 Hold
10/02/18 DBS Vickers CapitaCommercial 1.78 2.12 Buy
10/02/18 DMG & Partners Capitaland 3.36 4 Neutral
10/02/18 CIMB City Developments 9.05 10.89 Add
10/02/18 phillip DBS 25.97 33.32 Buy
10/02/18 CIMB Ho Bee 2.59 3 Add
10/02/18 Amfrasers Keppel Corp 7.04 9.43 Buy Sum of parts
10/02/18 DBS Vickers Netlink 0.785 0.87 Buy
10/02/18 phillip OCBC 11.45 14.9 Buy
10/02/18 DBS Vickers Sembcorp Industries 3.07 3.9 Buy Sum of parts (10% discount), PER19.2x FY18, PB1x FY18
10/02/18 CIMB Sembcorp Industries 3.07 3.49 Add Sum of parts
10/02/18 Amfrasers Sheng Siong 1.13 1.24 Buy DCF, PER25.1x FY18
10/02/18 NRA TA Corp 0.24 0.35 Overweight RNAV (33% discount)
10/02/18 Amfrasers Thai Beverage 0.665 0.75 Buy Sum of parts
10/02/18 phillip UOB 27.05 33.69 Buy
10/02/18 CIMB UOL 6.88 8.45 Add
10/02/18 UOB Kay Hian Venture 18.52 18.2 Hold PER14x FY18, Buy @ $16

AFP news media released very contradictory news about the South China Sea incident.

https://www.channelnewsasia.com/news/asia/us-warship-sails-near-south-china-sea-area-claimed-by-beijing-10774406

Quote:

There was no immediate reaction from China, but a similar US operation in July, involving the disputed Paracel islands, prompted a furious Beijing to deploy military vessels and fighter jets.

End Quote.

Then, AFP released another update on its previous news.

https://www.channelnewsasia.com/news/asia/chinese-destroyer-sailed-extremely-close-to-us-warship-us-10779226

AFP stated that there was no immediate reaction from China but the truth was that China sent its destroyer to the region to chase US warship out of the region.

This showed that AFP didn't verify the news from the China side and took the US gospel truth as the veracity of the incident.

Monday, October 1, 2018

First Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/19/17 CIMB First Reit 1.305 1.26 Hold
01/19/17 OCBC First Reit 1.305 1.32 Hold
01/19/17 phillip First Reit 1.305 1.32 Accumulate DDM
03/16/17 OCBC First Reit 1.285 1.32 Hold
04/18/17 CIMB First Reit 1.345 1.36 Hold DDM
04/18/17 OCBC First Reit 1.345 1.32 Hold Buy @ $1.25 or lower
04/18/17 phillip First Reit 1.345 1.32 Hold DDM
05/25/17 OCBC First Reit 1.31 1.32 Hold
07/18/17 OCBC First Reit 1.335 1.32 Hold
07/18/17 Lim & Tan First Reit 1.335 0 Hold
07/19/17 phillip First Reit 1.34 1.32 Neutral DDM, PB1.22x FY17
07/19/17 CIMB First Reit 1.34 1.36 Hold DDM
08/17/17 OCBC First Reit 1.33 1.38 Hold
10/03/17 OCBC First Reit 1.335 1.38 Hold
10/05/17 Amfrasers First Reit 1.36 1.38 Not Rated DCF
10/20/17 phillip First Reit 1.37 1.32 Neutral DDM
10/24/17 OCBC First Reit 1.38 1.44 Buy
10/25/17 CIMB First Reit 1.38 1.39 Hold DDM
12/11/17 OCBC First Reit 1.39 1.44 Buy
01/18/18 Lim & Tan First Reit 1.4 0 Hold
01/19/18 CIMB First Reit 1.41 1.44 Hold DDM
01/19/18 OCBC First Reit 1.41 1.48 Buy
01/23/18 phillip First Reit 1.42 1.32 Neutral DDM
04/18/18 CIMB First Reit 1.37 1.44 Hold DDM
04/19/18 phillip First Reit 1.37 1.31 Neutral PB1.19x FY18
04/19/18 OCBC First Reit 1.37 1.48 Buy
05/25/18 OCBC First Reit 1.35 1.48 Buy
07/19/18 phillip First Reit 1.32 1.31 Neutral DDM, PB1.21x
07/19/18 OCBC First Reit 1.32 1.34 Hold
07/19/18 CIMB First Reit 1.32 1.41 Hold DDM
09/19/18 phillip First Reit 1.24 1.31 Neutral DDM, PB1.12x FY18

Far East Hospitality - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/17 DBS Vickers Far East Hospitality 0.6 0.62 Hold DCF
02/23/17 CIMB Far East Hospitality 0.595 0.57 Hold DDM
02/23/17 OCBC Far East Hospitality 0.595 0.6 Hold
02/24/17 DBS Vickers Far East Hospitality 0.6 0.63 Hold DCF
05/15/17 DBS Vickers Far East Hospitality 0.6 0.66 Buy DCF
05/15/17 OCBC Far East Hospitality 0.6 0.6 Hold
06/15/17 CIMB Far East Hospitality 0.65 0.63 Hold DDM
06/16/17 DBS Vickers Far East Hospitality 0.65 0.66 Buy
08/04/17 OCBC Far East Hospitality 0.67 0.6 Hold
08/07/17 OCBC Far East Hospitality 0.67 0.66 Hold
08/07/17 CIMB Far East Hospitality 0.67 0.66 Hold DDM
08/08/17 DBS Vickers Far East Hospitality 0.67 0.7 Buy DCF
09/04/17 CIMB Far East Hospitality 0.66 0.66 Hold
11/03/17 OCBC Far East Hospitality 0.715 0.65 Hold
11/03/17 CIMB Far East Hospitality 0.715 0.69 Hold DDM
11/03/17 DBS Vickers Far East Hospitality 0.715 0.76 Buy DCF
12/14/17 CIMB Far East Hospitality 0.71 0.69 Hold DDM
01/04/18 CIMB Far East Hospitality 0.725 0.84 Add
01/15/18 CIMB Far East Hospitality 0.72 0.82 Add DDM
02/19/18 OCBC Far East Hospitality 0.715 0.75 Buy
03/09/18 OCBC Far East Hospitality 0.72 0.75 Buy
04/10/18 CIMB Far East Hospitality 0.68 0.79 Add DDM
04/17/18 DBS Vickers Far East Hospitality 0.68 0.76 Buy DCF
04/27/18 OCBC Far East Hospitality 0.675 0.735 Buy
06/08/18 CIMB Far East Hospitality 0.66 0.79 Add
06/18/18 OCBC Far East Hospitality 0.67 0.735 Buy
07/06/18 DBS Vickers Far East Hospitality 0.625 0.76 Buy
07/10/18 OCBC Far East Hospitality 0.62 0.735 Buy
07/30/18 OCBC Far East Hospitality 0.68 0.675 Hold
08/01/18 CIMB Far East Hospitality 0.69 0.79 Add DDM
08/01/18 OCBC Far East Hospitality 0.69 0.69 Hold
08/01/18 Lim & Tan Far East Hospitality 0.69 0 Hold
08/01/18 DBS Vickers Far East Hospitality 0.69 0.74 Buy DCF
08/13/18 OCBC Far East Hospitality 0.62 0.69 Buy
09/17/18 Kim Eng Far East Hospitality 0.635 0.75 Buy DDM

F&N - Stock calls


Date Analyst Company Last Target Call Valuation
02/09/17 DBS Vickers F & N 2.11 2.37 Hold Sum of parts
02/10/17 phillip F & N 2.12 1.8 Reduce EV/Ebitda15x
03/24/17 DMG & Partners F & N 2.22 2.76 Not Rated Sum of parts
04/17/17 phillip F & N 2.35 1.8 Reduce
05/09/17 DBS Vickers F & N 2.4 2.37 Hold Sum of parts
05/11/17 phillip F & N 2.38 2.31 Neutral Sum of parts
06/29/17 DBS Vickers F & N 2.34 2.57 Hold Sum of parts
08/10/17 DBS Vickers F & N 2.44 2.57 Hold Sum of parts, PER24.4x FY18
08/10/17 phillip F & N 2.44 2.52 Neutral Sum of parts
11/13/17 phillip F & N 2.6 2.83 Accumulate Sum of parts, PER27.1x FY18
12/04/17 phillip F & N 2.58 2.83 Accumulate
02/13/18 phillip F & N 2.39 2.83 Accumulate Sum of parts, PER27.1x FY18
03/19/18 phillip F & N 2.25 2.83 Buy
04/16/18 phillip F & N 2.12 2.83 Buy
05/10/18 phillip F & N 2.08 2.75 Buy Sum of parts

Stock calls for 1 October 2018


Date Analyst Company Last Target Call Valuation
10/01/18 Kim Eng A-Reit 2.64 3.05 Buy DDM
10/01/18 OCBC A-Reit 2.64 2.71 Hold
10/01/18 CIMB Capitamall Trust 2.22 2.21 Hold
10/01/18 OCBC Capitamall Trust 2.22 2.1 Hold
10/01/18 DBS Vickers Mapletree Commercial 1.61 1.8 Buy DCF
10/01/18 DBS Vickers Mapletree North Asia 1.14 1.45 Buy DCF
10/01/18 DBS Vickers Mapletree Industrial 1.98 2.22 Buy DCF
10/01/18 DBS Vickers Mapletree Logistics 1.23 1.5 Buy
10/01/18 UOB Kay Hian ST Engineering 3.56 4.06 Buy EV/Invested capital & PER20.9x FY18
10/01/18 UOB Kay Hian Starhub 1.87 2.1 Buy DCF
10/01/18 DMG & Partners UOB 27.08 33.3 Buy GGM, PB1.45x FY19

JP Morgan sees an all out trade war between the US & China.

https://www.theedgesingapore.com/jpmorgan-sees-all-out-us-china-tariffs-lowers-yuan-call

We also share the same view as JP Morgan.

Why?

If Trump loses the November mid-term election, he will continue to impose more tariffs against China because he knows that he will only be a one-term president and cannot continue to do so beyond 2020.  Therefore, he will have no qualms to harden his anti-China stance.

If Trump wins the November mid-term election, he has proven that his actions are right and will continue to impose more tariffs against China because he has the Congress support.

Either way, he will just continue to force China to submit to the US no matter what.


Sunday, September 30, 2018

New Apple Iphone has cell and wifi signal problems!

https://www.businessinsider.sg/iphone-xs-max-bad-cell-wifi-signal-strength-reports-2018-9/?r=US&IR=T

Apple customers will have to wait for the next patch to fix these signal problems. Hahaha!

Apple customers are paying high prices for low-quality phones.  Have fun dealing with the problems!

A roundup of US economic situation.

The US FED had just increased its interest rate and would continue to hike another time in Dec 2018.  There will also be 3 interest rate increases in 2019 and 1 in 2020 as indicated by the dot plot chart.  However, the inflation data is still benign insofar.

Something must be wrong somewhere because the US FED is upping the interest rates without any telltale sign of inflation.  Actually, the US FED has noticed that the US economy is starting to overheat.  Where are the telltale signs?

The US trade deficit has been increasing tremendously despite the import tariffs.  This means the US imports are more than exports.  In other words, the US consumers are willing to spend because of the good economic growth that they're enjoying now.

https://www.cnbc.com/2018/09/05/us-trade-deficit-jumps-by-the-most-in-3-years.html

Next, the US FED has also taken cognizant of the money liquidity issues in the financial system.  In a nutshell, the economy is flushed with excess money and the money will be going after higher yield locally or overseas.  However, the US FED doesn't want this excess money to leave the country.  Thus, it has to increase the interest rate to retain the money in the US banking system.

The EFFR which is the interest rate that banks charge each other for the overnight loans to meet their reserve requirements has been trending higher over the years.

https://en.wikipedia.org/wiki/Federal_funds_rate


https://apps.newyorkfed.org/markets/autorates/fed%20funds

The IORR and IOER have also trended higher over the years.  These 2 interest rates are at 2.2% now (2018) compared to 0.5% in 2016.

https://www.federalreserve.gov/monetarypolicy/reqresbalances.htm

This excess of money in the economy is created by all the quantitative easing measures taken by the FED over the years and will create an overheating economy in the end.

Therefore, the US FED has to increase the interest rate and also perform QE tapering even though the inflation is benign at this moment.

Saturday, September 29, 2018

Baltic dry index - 1540

Today, Friday, September 28 2018, the Baltic Dry Index climbed by 16 points, reaching 1540 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 - 1054

The US drilling rig count is up a single unit to 1,054 rigs working for the week ended Sept. 28, according to Baker Hughes data. The count is up 114 units from the 940 rigs working this time a year ago.
The single additional rig moved the total number of land rigs to 1,029 drilling for the week. Offshore units and those drilling in inland waters remained unchanged with 20 and 5 units working, respectively.
US oil-directed rigs were down 3 units from last week to 863 units working, and up from the 750 rigs drilling for oil this week a year ago. Gas-directed rigs were up 3 units at 189—the same number as were drilling a year ago.
Among the major oil and gas-producing states, Oklahoma saw the largest increase for the week with a 5-rig gain for a total of 141 rigs working.
Four states saw a single unit increase: Louisiana, 62; Colorado, 33; Utah, 6; and Alaska, 6.
Four states were unchanged this week: North Dakota, 53; Pennsylvania, 44; Ohio, 18; and West Virginia, 13.
Texas, New Mexico, and California each dropped 2 units to reach respective counts of 529, 97, and 13.
Wyoming dropped 1 unit to reach 29 rigs working for the week.
Canada saw another sizeable loss, dropping 19 rigs for the week. With 178 rigs running, the count falls below the 213 units drilling this week a year ago. Canada dropped 13 oil-directed rigs to reach 122 units for the week and lost 6 gas-directed rigs to reach 56 units.
====================
Related stocks: Keppel Corp, Sembcorp Marine, Cosco.

Friday, September 28, 2018

Ezion - Stock calls


Date Analyst Company Last Target Call Valuation
01/13/17 DBS Vickers Ezion 0.415 0.56 Buy
01/13/17 OCBC Ezion 0.415 0.54 Buy PB0.55x
02/20/17 CIMB Ezion 0.38 0.44 Add PB0.45x FY17
02/20/17 Lim & Tan Ezion 0.38 0 Reduce
02/20/17 OCBC Ezion 0.38 0.54 Buy PB0.55x FY17
02/20/17 UOB Kay Hian Ezion 0.38 0.39 Hold
02/24/17 CIMB Ezion 0.395 0.45 Add PB0.5x FY17
02/24/17 DBS Vickers Ezion 0.395 0.62 Buy PB0.7x FY17
02/24/17 UOB Kay Hian Ezion 0.395 0.45 Buy PB0.65x FY17
02/27/17 phillip Ezion 0.395 0.45 Accumulate DCF
03/08/17 Lim & Tan Ezion 0.37 0 Hold
03/17/17 CIMB Ezion 0.35 0.45 Add PB0.5x FY17
03/17/17 DIR Ezion 0.35 0.31 Underperform Sum of parts
04/10/17 DBS Vickers Ezion 0.365 0.62 Buy
05/12/17 OCBC Ezion 0.31 0.54 Buy
05/15/17 Amfrasers Ezion 0.31 0.25 Sell PB0.3x FY17
05/15/17 CIMB Ezion 0.31 0.26 Reduce PB0.3x FY17
05/15/17 DIR Ezion 0.31 0.29 Underperform Sum of parts
05/15/17 phillip Ezion 0.31 0.4 Buy DCF
05/15/17 UOB Kay Hian Ezion 0.31 0.33 Hold PB0.5x FY17, Buy @ $0.28
05/16/17 DBS Vickers Ezion 0.295 0.62 Buy PB0.7x FY17
05/23/17 OCBC Ezion 0.295 0.32 Hold
06/14/17 UOB Kay Hian Ezion 0.25 0.33 Hold
08/15/17 CIMB Ezion 0.2 0.13 Reduce PB0.15x
08/15/17 DBS Vickers Ezion 0.2 0.13 Fully Valued PB0.15x
08/16/17 phillip Ezion 0.197 0 Suspended
11/10/17 DBS Vickers Ezion 0.197 0.13 Fully Valued PB0.15x FY17
01/12/18 CIMB Ezion 0.197 0.13 Reduce PB0.15x CY17
04/04/18 DBS Vickers Ezion 0.197 0.13 Fully Valued
04/10/18 DBS Vickers Ezion 0.197 0.29 Buy PB1.4x FY18
04/17/18 UOB Kay Hian Ezion 0.197 0.18 Hold PB1x FY19, Buy @ $0.151
04/25/18 Amfrasers Ezion 0.158 0.1 Sell RNAV
05/15/18 DBS Vickers Ezion 0.115 0.29 Buy PB1.4x FY18
06/07/18 DBS Vickers Ezion 0.105 0.29 Buy
06/25/18 UOB Kay Hian Ezion 0.09 0.12 Hold