Date | Analyst | Company | Last | Target | Call | Valuation |
02/18/19 | DMG & Partners | DBS | 24.74 | 29.8 | Buy | |
02/18/19 | Lim & Tan | DBS | 24.74 | 0 | Buy | |
02/18/19 | DMG & Partners | ISOTeam | 0.22 | 0.23 | Neutral | DCF |
02/18/19 | UOB Kay Hian | Jumbo | 0.415 | 0.41 | Hold | |
02/18/19 | OCBC | Netlink | 0.805 | 0.9 | Buy | |
02/18/19 | Kim Eng | SIA | 9.76 | 11.2 | Buy | PB0.94x |
02/18/19 | UOB Kay Hian | SIA | 9.76 | 10.2 | Hold | |
02/18/19 | OCBC | SIA | 9.76 | 10.71 | Buy | |
02/18/19 | Phillip | Singtel | 2.99 | 3.27 | Accumulate | Sum of parts |
02/18/19 | CIMB | Singtel | 2.99 | 3.4 | Add | Sum of parts |
02/18/19 | Phillip | Starhub | 1.67 | 1.58 | Neutral | EV/Ebitda |
02/18/19 | Kim Eng | Starhub | 1.67 | 2.18 | Buy | DCF |
02/18/19 | UOB Kay Hian | Starhub | 1.67 | 1.45 | Sell | |
02/18/19 | UOB Kay Hian | Thai Beverage | 0.815 | 0.86 | Hold | Sum of parts |
02/18/19 | DMG & Partners | Thai Beverage | 0.815 | 0.92 | Buy | Sum of parts |
02/18/19 | CIMB | Thai Beverage | 0.815 | 0.9 | Add | Sum of parts |
02/18/19 | OCBC | Thai Beverage | 0.815 | 0.91 | Buy |
Monday, February 18, 2019
Stock calls for 18 February 2019
Singapore Nodx fell 10.1% in January 2019
https://www.channelnewsasia.com/news/singapore/singapore-january-exports-down-10-1-biggest-drop-in-2-years-11252056
http://sg-stock.blogspot.com/2019/01/singapore-nodx-fell-85-in-december-2018.html
Year on year changes (YOY):
January 2019: -10.1%
December 2018: -8.5%
November 2018: -2.6%
October 2018: 8.3%
September 2018: 8.3%
August 2018: 5%
July 2018: 11.8% (Corrected)
June 2018: 1.1%
May 2018: 15.5%
April 2018: 11.8%
March 2018: -2.7%
February 2018: -5.9%
January 2018: 13%
December 2017: 3.1%
November 2017: 9.1%
October 2017: 20.9%
September 2017: -1.1%
August 2017: 16.7%
July 2017: 8.5%
June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
http://sg-stock.blogspot.com/2019/01/singapore-nodx-fell-85-in-december-2018.html
UK will continue to use Huawei 5G equipment.
https://sg.finance.yahoo.com/news/uk-concludes-mitigate-risk-huawei-equipment-5g-ft-031519448--finance.html
The UK has realized that there is no better telecom equipment than Huawei's equipment and will continue to use Huawei.
It has dawned on the UK that the US is not a credible and trustworthy ally because the US will target the UK next after China.
http://sg-stock.blogspot.com/2019/02/trump-has-just-named-next-target-after.html
Well, late awakening is better than never.
The UK has realized that there is no better telecom equipment than Huawei's equipment and will continue to use Huawei.
It has dawned on the UK that the US is not a credible and trustworthy ally because the US will target the UK next after China.
http://sg-stock.blogspot.com/2019/02/trump-has-just-named-next-target-after.html
Well, late awakening is better than never.
Saturday, February 16, 2019
Trump has just named the next target after China.
https://www.channelnewsasia.com/news/business/trump-says-trade-with-britain-to-increase-substantially-post-11248866
The UK without EU is just a lonely boy that Trump can bully. Trump has just announced that the US trade with the UK would increase substantially. In other words, Trump will force the UK to import more US goods.
Good luck to UK!
The UK without EU is just a lonely boy that Trump can bully. Trump has just announced that the US trade with the UK would increase substantially. In other words, Trump will force the UK to import more US goods.
Good luck to UK!
Baltic dry index - 639
Today, Friday, February 15 2019, the Baltic Dry Index climbed by 11 points, reaching 639 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 Stock: Sembcorp Marine, Cosco & Pan ocean
US rig count - 1051
The United States added three oil rigs and dropped one gas rig for a net gain of two rigs this week, according to weekly data from Baker Hughes, a GE Company.
The activity puts the nation’s weekly rig count total at 1,051 – higher than 975 count one year ago.
Louisiana saw the largest gain this week, with the addition of four rigs. Wyoming added three rigs while Alaska, California and Virginia added one rig each.
The following states saw rig declines this week: Pennsylvania (-3), Texas (-2), New Mexico (-2), North Dakota (-1) and Oklahoma (-1).
Among the major basins, the Permian dropped a total of five rigs this week bringing the total to 473, but still accounting for more than half of the nation’s oil rigs.
Earlier this week, the U.S. Energy Information Administration (EIA) forecasted that the nation’s crude oil production would average 12.4 million barrels per day in 2019 and 13.2 million barrels per day in 2020. The EIA projects the bulk of the production growth will come from the Permian.
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Related Stock: Keppel Corp, Sembcorp Marine & Cosco
Friday, February 15, 2019
USD is likely to depreciate soon. Why?
The chart above is the current USD dollar index. It looks like USD has reached or is reaching its 1-year peak.
The chart above is the Saint Louis FED trade-weighted USD index. It looks like the trade-weighted index has reached its peak and is developing a double top pattern (bearish signal).
Furthermore, the US has accumulated more than US$22T of national debt now. The US has to resolve this debt conundrum or else its economy will collapse. How is the US going to solve its debt problem?
Well, the easiest way out is to let inflation deflate the debt pressure. However, the US CPI is not showing any inflation recently. Therefore, the US must depreciate its USD to create inflation to reduce the colossal debt pressure.
The chart above is the Saint Louis FED trade-weighted USD index. It looks like the trade-weighted index has reached its peak and is developing a double top pattern (bearish signal).
Furthermore, the US has accumulated more than US$22T of national debt now. The US has to resolve this debt conundrum or else its economy will collapse. How is the US going to solve its debt problem?
Well, the easiest way out is to let inflation deflate the debt pressure. However, the US CPI is not showing any inflation recently. Therefore, the US must depreciate its USD to create inflation to reduce the colossal debt pressure.
ISOTeam - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/13/18 | UOB Kay Hian | ISOTeam | 0.355 | 0.45 | Buy | PER10.4x FY18 |
02/15/18 | DMG & Partners | ISOTeam | 0.33 | 0.46 | Buy | DCF, PER13x FY18 |
05/17/18 | DMG & Partners | ISOTeam | 0.35 | 0.42 | Buy | DCF |
06/27/18 | DMG & Partners | ISOTeam | 0.335 | 0.42 | Buy |
ISDN - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/20/18 | NRA | ISDN | 0.22 | 0.32 | Overweight | PER12.5x FY18 |
02/20/18 | UOB Kay Hian | ISDN | 0.22 | 0.35 | Buy | |
02/20/18 | Lim & Tan | ISDN | 0.22 | 0 | Trading Buy | |
02/28/18 | Lim & Tan | ISDN | 0.23 | 0 | Take Profit | |
05/15/18 | UOB Kay Hian | ISDN | 0.21 | 0.365 | Buy | |
08/13/18 | NRA | ISDN | 0.215 | 0.32 | Overweight | PER7.3x FY18 |
Interra Resources - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
12/20/18 | SAC Advisors | Interra Resources | 0.034 | 0.089 | Buy |
Stock calls for 15 February 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
02/15/19 | Phillip | A-Reit | 2.75 | 2.88 | Accumulate | |
02/15/19 | phillip | Cache Logistics | 0.71 | 0.75 | Neutral | |
02/15/19 | Phillip | CapitaCommercial | 1.86 | 1.93 | Accumulate | |
02/15/19 | Phillip | Capitamall Trust | 2.38 | 2.09 | Neutral | |
02/15/19 | Phillip | CapitaRetail China | 1.39 | 1.66 | Accumulate | |
02/15/19 | phillip | Dasin Retail | 0.885 | 0.95 | Accumulate | |
02/15/19 | phillip | EC World Reit | 0.745 | 0.82 | Buy | |
02/15/19 | Phillip | Frasers Centrepoint Trust | 2.24 | 2.21 | Neutral | |
02/15/19 | DMG & Partners | Genting | 1.1 | 1.23 | Buy | DCF |
02/15/19 | DBS Vickers | Jumbo | 0.415 | 0.44 | Hold | PER23x FY19 |
02/15/19 | CIMB | Jumbo | 0.415 | 0.52 | Add | PER21x FY20 |
02/15/19 | Phillip | Keppel DC Reit | 1.45 | 1.52 | Accumulate | |
02/15/19 | OCBC | KSH | 0.52 | 0.81 | Buy | |
02/15/19 | Phillip | Mapletree Industrial | 1.99 | 2.03 | Neutral | |
02/15/19 | UOB Kay Hian | Netlink | 0.805 | 0.92 | Buy | DCF |
02/15/19 | Citi Research | SATS | 5.08 | 6 | Buy | |
02/15/19 | CIMB | SIA | 9.87 | 10.25 | Hold | |
02/15/19 | DBS Vickers | SIA | 9.87 | 11 | Buy | PB0.9x FY20 |
02/15/19 | Lim & Tan | SIA | 9.87 | 0 | Hold | |
02/15/19 | DBS Vickers | Silverlake | 0.515 | 0.62 | Buy | PER21x FY19 |
02/15/19 | OCBC | Singtel | 3.03 | 3.79 | Buy | |
02/15/19 | DMG & Partners | Singtel | 3.03 | 3.22 | Neutral | Sum of parts |
02/15/19 | OCBC | Starhub | 1.9 | 1.64 | Sell | |
02/15/19 | DMG & Partners | Starhub | 1.9 | 2.02 | Neutral | DCF |
02/15/19 | DBS Vickers | Starhub | 1.9 | 1.92 | Hold | DCF |
02/15/19 | Lim & Tan | Starhub | 1.9 | 0 | Sell | |
02/15/19 | DBS Vickers | Thai Beverage | 0.72 | 0.87 | Buy | |
02/15/19 | UOB Kay Hian | Valuetronics | 0.71 | 0.87 | Buy |
Thursday, February 14, 2019
Germany almost got into a recession.
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
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
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.
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