https://sg.finance.yahoo.com/news/german-economy-stalled-fourth-quarter-just-escaping-recession-071949553--finance.html
Germany will enter a recession soon if the US-China trade war continues unabatedly. We've been warning about this previously.
http://sg-stock.blogspot.com/2019/02/our-prediction-for-eu-is-coming-to.html
Thursday, February 14, 2019
UK economy will perform badly this year!
https://sg.finance.yahoo.com/news/china-cancels-trade-talks-uk-protest-over-defence-091441063--business.html
The UK economy will perform badly this year because of Brexit and the absence of the UK-China trade deal. Without a China trade deal, the UK will suffer tremendously because EU is not growing.
The UK economy will perform badly this year because of Brexit and the absence of the UK-China trade deal. Without a China trade deal, the UK will suffer tremendously because EU is not growing.
Indofood Agri - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/15/18 | DBS Vickers | Indofood Agri | 0.405 | 0.48 | Hold | |
03/02/18 | DBS Vickers | Indofood Agri | 0.34 | 0.36 | Hold | DCF |
04/13/18 | DBS Vickers | Indofood Agri | 0.325 | 0.36 | Hold | |
05/02/18 | DBS Vickers | Indofood Agri | 0.32 | 0.36 | Hold | DCF |
08/03/18 | DBS Vickers | Indofood Agri | 0.225 | 0.21 | Hold | DCF |
09/13/18 | DBS Vickers | Indofood Agri | 0.183 | 0.21 | Hold | |
10/11/18 | DBS Vickers | Indofood Agri | 0.215 | 0.21 | Hold | DCF |
11/01/18 | DBS Vickers | Indofood Agri | 0.2 | 0.19 | Hold | DCF |
IHH Healthcare - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/28/18 | DMG & Partners | IHH Healthcare | 2.05 | 2.36 | Buy | DCF/SOP-based Ringgit $7 target price |
03/20/18 | DBS Vickers | IHH Healthcare | 2.02 | 2.29 | Buy | Sum of parts, Ringgit $6.81 target |
03/23/18 | MIDF | IHH Healthcare | 2.01 | 2.32 | Buy | Ringgit $6.91 target price |
04/17/18 | Kim Eng | IHH Healthcare | 2.05 | 2.36 | Buy | Sum of parts, Ringgit $7 target price |
04/17/18 | UOB Kay Hian | IHH Healthcare | 2.05 | 2.31 | Buy | Ringgit $6.86 |
04/26/18 | DBS Vickers | IHH Healthcare | 2.04 | 2.31 | Buy | Rinngit $6.81 target |
05/28/18 | DMG & Partners | IHH Healthcare | 2.08 | 2.36 | Buy | DCF & Sum of parts & EV/Ebitda 18x FY19, Ringgit $7 target price |
08/21/18 | CIMB | IHH Healthcare | 1.84 | 2.29 | Add | Ringgit $6.86 target |
08/21/18 | DBS Vickers | IHH Healthcare | 1.84 | 2.14 | Buy | Ringgit $6.35 target price |
08/29/18 | CIMB | IHH Healthcare | 1.85 | 2.2 | Add | Sum of parts, Ringgit $6.63 target |
10/10/18 | DBS Vickers | IHH Healthcare | 1.81 | 2.11 | Buy | Ringgit $6.35 target price |
11/28/18 | UOB Kay Hian | IHH Healthcare | 1.57 | 1.95 | Buy | Sum of parts, PER36x FY19 |
11/28/18 | DBS Vickers | IHH Healthcare | 1.57 | 2.08 | Buy | Ringgit $6.35 target price |
11/30/18 | CIMB | IHH Healthcare | 1.8 | 2.1 | Add | Sum of parts, Ringgit $6.40 target price |
01/17/19 | Kim Eng | IHH Healthcare | 1.86 | 2.13 | Buy | Sum of parts, Ringgit $6.45 target price |
IFS Capital - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
10/17/18 | Amfrasers | IFS Capital | 0.21 | 0.29 | Buy | PB0.7x FY18 |
01/15/19 | Amfrasers | IFS Capital | 0.225 | 0.29 | Buy | PB0.7x FY18 |
Stock calls for 14 February 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
02/14/19 | DMG & Partners | Avi-Tech | 0.29 | 0.3 | Neutral | DCF |
02/14/19 | phillip | Comfortdelgro | 2.38 | 2.72 | Accumulate | DCF, PER18.5x FY19 |
02/14/19 | UOB Kay Hian | Comfortdelgro | 2.38 | 2.66 | Buy | |
02/14/19 | OCBC | Comfortdelgro | 2.38 | 2.38 | Hold | |
02/14/19 | DMG & Partners | Comfortdelgro | 2.38 | 2.65 | Buy | |
02/14/19 | DBS Vickers | Comfortdelgro | 2.38 | 2.57 | Buy | DCF & PER16x FY19 |
02/14/19 | DBS Vickers | Far East Hospitality | 0.635 | 0.7 | Buy | DCF |
02/14/19 | CIMB | Far East Hospitality | 0.635 | 0.68 | Add | DDM |
02/14/19 | Kim Eng | Far East Hospitality | 0.635 | 0.75 | Buy | DDM |
02/14/19 | OCBC | Far East Hospitality | 0.635 | 0.68 | Buy | |
02/14/19 | CIMB | Frasers Property | 1.7 | 2.08 | Add | |
02/14/19 | DBS Vickers | Frasers Property | 1.7 | 1.98 | Buy | RNAV (35% discount) |
02/14/19 | phillip | HMI | 0.550 | 0.77 | Buy | DCF |
02/14/19 | DMG & Partners | Kimly | 0.245 | 0.24 | Neutral | DCF |
02/14/19 | DBS Vickers | MM2 Asia | 0.3 | 0.33 | Hold | Sum of parts |
02/14/19 | DBS Vickers | Perennial Reit | 0.645 | 0.83 | Buy | RNAV (55% discount) |
02/14/19 | phillip | SATS | 4.98 | 5.47 | Accumulate | DCF, PER24.6x FY19 |
02/14/19 | OCBC | SATS | 4.98 | 5.23 | Hold | |
02/14/19 | CIMB | SATS | 4.98 | 5.46 | Add | PER20.3x |
02/14/19 | Lim & Tan | SATS | 4.98 | 0 | Hold | |
02/14/19 | DBS Vickers | SATS | 4.98 | 5.59 | Buy | |
02/14/19 | Kim Eng | SATS | 4.98 | 5.8 | Buy | |
02/14/19 | Kim Eng | Valuetronics | 0.74 | 1.05 | Buy | ROE-g/COE-g, PB2.1x FY20 |
02/14/19 | DMG & Partners | Valuetronics | 0.74 | 0.78 | Neutral | DCF |
02/14/19 | CIMB | Valuetronics | 0.74 | 0.73 | Hold | PER8.5x CY19 |
02/14/19 | OCBC | Wing Tai | 2.03 | 2.41 | Buy |
Who is more eager to conclude a trade deal? Trump or Xi?
https://sg.finance.yahoo.com/news/china-reports-january-exports-us-053525759.html
China reports January exports to US fall 2.4 percent from year earlier, imports of American goods sinks 41.2 percent.
The statistics clearly show that Trump will be more eager to conclude a trade deal than Xi as the US cannot wean itself off China goods because its citizens have limited savings.
China reports January exports to US fall 2.4 percent from year earlier, imports of American goods sinks 41.2 percent.
The statistics clearly show that Trump will be more eager to conclude a trade deal than Xi as the US cannot wean itself off China goods because its citizens have limited savings.
US national debt hits US$22t now!
http://www.mainepublic.org/post/us-national-debt-hits-22-trillion-new-record-thats-predicted-fall
The US is not able to repay its debt but the music still plays on.
The day of reckoning will come one day.
The US is not able to repay its debt but the music still plays on.
The day of reckoning will come one day.
China had a trade surplus of US$39.2B in January 2019,
https://www.reuters.com/article/global-markets/global-markets-asia-offers-muted-cheer-as-china-trade-beats-forecasts-idUSL3N20904E
https://www.scmp.com/economy/china-economy/article/2186084/chinas-exports-shot-dramatically-january-despite-us-china
The US-China trade war has caused US imports in China to fall by 41% in January. This shows that the Chinese consumers are nationalistic and are boycotting the US products now especially the US consumer goods.
https://www.scmp.com/economy/china-economy/article/2186084/chinas-exports-shot-dramatically-january-despite-us-china
The US-China trade war has caused US imports in China to fall by 41% in January. This shows that the Chinese consumers are nationalistic and are boycotting the US products now especially the US consumer goods.
Wednesday, February 13, 2019
FBI raided Huawei lab recently.
https://sputniknews.com/us/201902051072129322-fbi-raided-huawei-lab-sting-operatin/
The US is adamant to destroy Huawei just like what it did to China ZTE.
Why?
This is because Huawei holds the most patents in 5G technology and the US cannot develop its own 5G without infringing on Huawei's patents.
http://sg-stock.blogspot.com/2019/01/the-real-reason-behind-ban-of-huaweis-5g.html
The US is adamant to destroy Huawei just like what it did to China ZTE.
Why?
This is because Huawei holds the most patents in 5G technology and the US cannot develop its own 5G without infringing on Huawei's patents.
http://sg-stock.blogspot.com/2019/01/the-real-reason-behind-ban-of-huaweis-5g.html
Ifast Corp - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/15/18 | DBS Vickers | Ifast Corp | 0.88 | 1.26 | Buy | DDM |
04/30/18 | DBS Vickers | Ifast Corp | 0.9 | 1.26 | Buy | DDM |
07/30/18 | DBS Vickers | Ifast Corp | 1.09 | 1.26 | Buy | DDM |
10/30/18 | DBS Vickers | Ifast Corp | 1.14 | 1.33 | Buy | DDM |
Hutchison Port - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/06/18 | OCBC | Hutchison Port | 0.375 | 0.43 | Buy | |
02/06/18 | DBS Vickers | Hutchison Port | 0.375 | 0.39 | Hold | DCF, Buy @ $0.35 |
04/16/18 | OCBC | Hutchison Port | 0.33 | 0.43 | Buy | |
04/16/18 | DBS Vickers | Hutchison Port | 0.33 | 0.38 | Buy | DCF |
06/01/18 | OCBC | Hutchison Port | 0.275 | 0.43 | Buy | |
06/05/18 | DBS Vickers | Hutchison Port | 0.28 | 0.38 | Buy | |
06/07/18 | OCBC | Hutchison Port | 0.305 | 0.375 | Buy | |
07/03/18 | UOB Kay Hian | Hutchison Port | 0.28 | 0.34 | Not Rated | |
07/17/18 | OCBC | Hutchison Port | 0.28 | 0.37 | Buy | |
07/24/18 | OCBC | Hutchison Port | 0.275 | 0.36 | Buy | |
07/25/18 | DBS Vickers | Hutchison Port | 0.27 | 0.28 | Hold | DCF |
10/24/18 | OCBC | Hutchison Port | 0.245 | 0.36 | Buy | |
11/30/18 | Lim & Tan | Hutchison Port | 0.26 | 0 | Hold | |
02/13/19 | OCBC | Hutchison Port | 0.26 | 0.22 | Sell | |
02/13/19 | DBS Vickers | Hutchison Port | 0.26 | 0.26 | Hold | DCF |
HRnetGroup - Stock calls
Date | Analyst | Code | Company | Last | Target | Call | Percent | Valuation |
01/03/18 | DBS Vickers | CHZ | HRnetGroup | 0.79 | 0.96 | Buy | 21.52 | DCF & PER15x FY18 (ex-cash) |
01/09/18 | DMG & Partners | CHZ | HRnetGroup | 0.82 | 1.14 | Buy | 39.02 | DCF |
02/15/18 | DMG & Partners | CHZ | HRnetGroup | 0.81 | 1.14 | Buy | 40.74 | DCF |
02/27/18 | Credit Suisse | CHZ | HRnetGroup | 0.805 | 1.06 | Outperform | 31.68 | |
02/27/18 | DBS Vickers | CHZ | HRnetGroup | 0.805 | 0.97 | Buy | 20.50 | PER15x FY18, Ex-cash |
05/11/18 | DBS Vickers | CHZ | HRnetGroup | 0.83 | 0.98 | Buy | 18.07 | DCF & PER15x (ex-cash) |
05/11/18 | DMG & Partners | CHZ | HRnetGroup | 0.83 | 1.14 | Buy | 37.35 | DCF |
06/11/18 | DBS Vickers | CHZ | HRnetGroup | 0.84 | 0.98 | Buy | 16.67 | |
06/27/18 | DMG & Partners | CHZ | HRnetGroup | 0.865 | 1.18 | Buy | 36.42 | DCF |
08/13/18 | DMG & Partners | CHZ | HRnetGroup | 0.9 | 1.18 | Buy | 31.11 | DCF |
08/14/18 | DBS Vickers | CHZ | HRnetGroup | 0.885 | 1.01 | Buy | 14.12 | PER15x FY19, ex-cash |
09/26/18 | CIMB | CHZ | HRnetGroup | 0.87 | 1.1 | Add | 26.44 | PER18x CY20 |
11/12/18 | DMG & Partners | CHZ | HRnetGroup | 0.815 | 1.18 | Buy | 44.79 | DCF |
11/12/18 | DBS Vickers | CHZ | HRnetGroup | 0.815 | 1.1 | Buy | 34.97 | PER15x FY19, ex-cash |
11/12/18 | CIMB | CHZ | HRnetGroup | 0.815 | 1.1 | Add | 34.97 | PER18x CY20 |
12/14/18 | DMG & Partners | CHZ | HRnetGroup | 0.79 | 1.18 | Buy | 49.37 | |
01/02/19 | DMG & Partners | CHZ | HRnetGroup | 0.8 | 1.18 | Buy | 47.50 | DCF |
Stock calls for 13 February 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
02/13/19 | Phillip | 800Super | 0.685 | 0 | Cease Coverage | DCF |
02/13/19 | Lim & Tan | Far East Hospitality | 0.64 | 0 | Buy | |
02/13/19 | phillip | Geo Energy | 0.198 | 0.245 | Buy | |
02/13/19 | phillip | Golden Energy | 0.245 | 0.36 | Buy | |
02/13/19 | UOB Kay Hian | HMI | 0.535 | 0.73 | Buy | DCF |
02/13/19 | OCBC | Hutchison Port | 0.26 | 0.22 | Sell | |
02/13/19 | DBS Vickers | Hutchison Port | 0.26 | 0.26 | Hold | DCF |
02/13/19 | DMG & Partners | Moya Asia | 0.082 | 0.11 | Buy | DCF |
02/13/19 | Kim Eng | OCBC | 11.41 | 10.95 | Hold | |
02/13/19 | CIMB | Thai Beverage | 0.72 | 0.83 | Add | Sum of parts |
Tuesday, February 12, 2019
Singapore retail sales down 6% in December!
https://www.channelnewsasia.com/news/business/singapore-retail-sales-down-6-per-cent-december-11232574
The decline in the retail sales figure is not surprising because the retailers cannot capitalize on the festive seasons.
http://sg-stock.blogspot.com/2018/11/the-national-council-of-churches-of.html
The decline in the retail sales figure is not surprising because the retailers cannot capitalize on the festive seasons.
http://sg-stock.blogspot.com/2018/11/the-national-council-of-churches-of.html
SMRT safety is in doubt again!
https://www.reuters.com/article/us-bombardier-swiss/swiss-say-bombardier-trains-still-not-meeting-expectations-idUSKCN1Q01HQ
New Bombardier trains have safety issues and the Swiss refuse to take the deliveries.
We ordered 66 new MRT trains from Bombardier too.
http://sg-stock.blogspot.com/2018/07/singapore-awards-new-66-mrt-trains-to.html
New Bombardier trains have safety issues and the Swiss refuse to take the deliveries.
We ordered 66 new MRT trains from Bombardier too.
http://sg-stock.blogspot.com/2018/07/singapore-awards-new-66-mrt-trains-to.html
Hotel Properties (HPL) - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/28/18 | OCBC | Hotel Properties | 3.78 | 4.74 | Buy | RNAV |
03/09/18 | OCBC | Hotel Properties | 3.77 | 4.74 | Buy | |
06/18/18 | OCBC | Hotel Properties | 3.73 | 4.74 | Buy | |
10/15/18 | OCBC | Hotel Properties | 3.68 | 4.74 | Buy |
Hongkong Land - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/09/18 | CIMB | Hongkong Land | 6.76 | 9.1 | Add | RNAV (35% discount) |
03/09/18 | Lim & Tan | Hongkong Land | 6.76 | 0 | Buy | |
03/12/18 | DBS Vickers | Hongkong Land | 7.02 | 8.53 | Buy | RNAV (35% discount) |
03/13/18 | CIMB | Hongkong Land | 7 | 9.5 | Add | RNAV (30% discount) |
05/11/18 | DBS Vickers | Hongkong Land | 7.26 | 8.53 | Buy | |
07/03/18 | UOB Kay Hian | Hongkong Land | 7.13 | 8.55 | Not Rated | |
07/24/18 | DBS Vickers | Hongkong Land | 7.2 | 8.57 | Buy | |
07/27/18 | CIMB | Hongkong Land | 7.15 | 9.5 | Add | RNAV (30% discount) |
Hong Leong Finance - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/05/18 | DBS Vickers | Hong Leong Finance | 2.77 | 3.2 | Buy | |
02/28/18 | DBS Vickers | Hong Leong Finance | 2.68 | 3.2 | Buy | GGM, PB0.8x FY17 |
05/03/18 | DBS Vickers | Hong Leong Finance | 2.8 | 3.2 | Buy | GGM |
08/14/18 | DBS Vickers | Hong Leong Finance | 2.7 | 3.2 | Buy | GGM, PB0.7x FY19 |
11/15/18 | DBS Vickers | Hong Leong Finance | 2.57 | 3.2 | buy | GGM, PB0.7x FY19 |
Stock calls for 12 February 2018
Date | Analyst | Company | Last | Target | Call | Valuation |
02/12/19 | DMG & Partners | APAC Realty | 0.5 | 0.72 | Buy | |
02/12/19 | DBS Vickers | APAC Realty | 0.5 | 0.56 | Hold | |
02/12/19 | UOB Kay Hian | Bumitama | 0.685 | 0.81 | Buy | |
02/12/19 | Kim Eng | DBS | 24.36 | 30.18 | Buy | |
02/12/19 | DMG & Partners | ESR-Reit | 0.515 | 0.61 | Buy | DDM |
02/12/19 | Amfrasers | Japan Foods | 0.415 | 0.57 | Hold | DCF |
02/12/19 | Kim Eng | M1 | 2.04 | 1.77 | Sell | |
02/12/19 | Lim & Tan | Manulife US Reit | 0.855 | 0 | Hold | |
02/12/19 | DMG & Partners | Manulife US Reit | 0.855 | 0.94 | Buy | DDM |
02/12/19 | DBS Vickers | Manulife US Reit | 0.855 | 0.92 | Buy | DCF |
02/12/19 | OCBC | Mapletree Industrial | 2.03 | 2.04 | Hold | |
02/12/19 | CIMB | SIA Engineering | 2.39 | 3.11 | Add | DCF |
02/12/19 | DBS Vickers | SIA Engineering | 2.39 | 2.7 | Hold | DCF & PER16x FY20 & Div Yield 4.5% & EV/Ebitda11x |
02/12/19 | DBS Vickers | Singtel | 3.05 | 3.5 | Buy | Sum of parts |
02/12/19 | Kim Eng | Singtel | 3.05 | 3.39 | Hld | |
02/12/19 | Kim Eng | UOB | 25.34 | 30.5 | Buy | |
02/12/19 | Lim & Tan | UOL | 6.57 | 0 | Buy | |
02/12/19 | CIMB | Venture | 15.97 | 17.44 | Add | PER12.56x FY20 |
02/12/19 | DBS Vickers | Yoma | 0.345 | 0.4 | Buy |
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