Venture - Stock calls

Date	Analyst	Company	Last	Target	Percent	Valuation
01/05/18	DBS Vickers	Venture	21.97	26	18.34
01/10/18	Kim Eng	Venture	21.57	27.5	27.49	PER18.8x FY18
01/15/18	UOB Kay Hian	Venture	22.65	23.5	3.75
01/19/18	Lim & Tan	Venture	23.15	0	-100.00
01/24/18	DMG & Partners	Venture	23.9	24.1	0.84
01/24/18	Credit Suisse	Venture	23.9	27.2	13.81
02/07/18	CIMB	Venture	22.48	24.74	10.05
02/08/18	CIMB	Venture	22.29	29.13	30.69
02/13/18	UOB Kay Hian	Venture	21.92	23.5	7.21
02/20/18	DMG & Partners	Venture	23.53	24.1	2.42
02/23/18	UOB Kay Hian	Venture	25.03	31.88	27.37	PER19x FY18
02/23/18	Citibank	Venture	25.03	31.74	26.81
03/01/18	OCBC	Venture	27.56	34	23.37
03/01/18	UOB Kay Hian	Venture	27.56	31.88	15.67	PER19x FY18
03/01/18	DMG & Partners	Venture	27.56	30.5	10.67	DCF, PER19x FY18
03/01/18	Kim Eng	Venture	27.56	31.2	13.21	PB3.7x FY18
03/01/18	CIMB	Venture	27.56	30.81	11.79	PER17.7x FY19
03/01/18	Lim & Tan	Venture	27.56	0	-100.00
03/01/18	DBS Vickers	Venture	27.56	32.2	16.84	PER19.5x FY18/19
03/05/18	Credit Suisse	Venture	26.84	32	19.23
04/03/18	DBS Vickers	Venture	28.14	32.2	14.43
04/06/18	CIMB	Venture	27.73	30.81	11.11	PER17.7x FY19
04/20/18	Lim & Tan	Venture	28.82	0	-100.00
04/23/18	UOB Kay Hian	Venture	25.29	30.6	21.00	PER19x FY18
04/26/18	UOB Kay Hian	Venture	22.57	25	10.77	PER16.1x FY18
04/26/18	Credit Suisse	Venture	22.57	24	6.34
04/26/18	OCBC	Venture	22.57	30	32.92	DCF
04/26/18	CIMB	Venture	22.57	25.64	13.60	PER15.4x
04/26/18	Lim & Tan	Venture	22.57	23.4	3.68	PER16x FY18
04/26/18	DMG & Partners	Venture	22.57	26	15.20	DCF, PER17.2x FY18
04/26/18	Kim Eng	Venture	22.57	28.83	27.74
04/26/18	DBS Vickers	Venture	22.57	27.2	20.51	PER17.5x FY18/19
05/08/18	Lim & Tan	Venture	20.65	0	-100.00
05/08/18	Citibank	Venture	20.65	31.74	53.70
05/25/18	CIMB	Venture	20.55	25.64	24.77
06/06/18	Kim Eng	Venture	21.63	28.83	33.29	PB3.4x
06/11/18	CIMB	Venture	21.13	25.64	21.34	PER15.4x
06/13/18	Lim & Tan	Venture	20.65	0	-100.00
07/03/18	UOB Kay Hian	Venture	17.66	25	41.56
07/05/18	UOB Kay Hian	Venture	17.5	18.2	4.00	PER14x FY18, Buy @ $14
07/12/18	CIMB	Venture	16.67	17.83	6.96	PER12.3x
07/19/18	Credit Suisse	Venture	16.89	14.5	-14.15	PER11x
08/06/18	UOB Kay Hian	Venture	16.85	18.2	8.01	PER14x FY18, Buy @ $16
08/06/18	DMG & Partners	Venture	16.85	22.2	31.75	PER15.5x FY18
08/06/18	OCBC	Venture	16.85	23.23	37.86	PER15x
08/06/18	CIMB	Venture	16.85	17.83	5.82	PER12.3x
08/06/18	Lim & Tan	Venture	16.85	0	-100.00
08/07/18	DBS Vickers	Venture	18.6	22.9	23.12	PER15.8x FY18/19
09/14/18	Lim & Tan	Venture	15.9	0	-100.00
10/02/18	UOB Kay Hian	Venture	18.52	18.2	-1.73	PER14x FY18, Buy @ $15.50
11/05/18	DMG & Partners	Venture	16.26	19	16.85	PER14x FY19
11/05/18	UOB Kay Hian	Venture	16.26	12.9	-20.66	PER11x FY19
11/05/18	OCBC	Venture	16.26	20.13	23.80	PER15x FY19
11/05/18	DBS Vickers	Venture	16.26	21.3	31.00	PER15.8x FY18/19
11/05/18	CIMB	Venture	16.26	17.44	7.26	PER12.3x FY20
11/05/18	Lim & Tan	Venture	16.26	0	-100.00
11/05/18	Kim Eng	Venture	16.26	22.23	36.72	PB2.5x FY19
11/26/18	CIMB	Venture	14.72	17.44	18.48	PER12.3x FY20
12/06/18	UOB Kay Hian	Venture	15.33	12.9	-15.85
12/14/18	DMG & Partners	Venture	14.89	19	27.60
01/02/19	DMG & Partners	Venture	13.85	19	37.18	PER14x FY19
01/07/19	UOB Kay Hian	Venture	13.71	12.9	-5.91
01/07/19	Lim & Tan	Venture	13.71	0	-100.00
01/08/19	Kim Eng	Venture	14.44	17.48	21.05	PB2x FY19, PER14.4x FY19
02/11/19	UOB Kay Hian	Venture	15.72	12.9	-17.94	PER11x FY19, Buy @ $12.40
02/12/19	CIMB	Venture	15.97	17.44	9.20	PER12.56x FY20
02/25/19	CIMB	Venture	16.12	17.88	10.92	PER12.56x FY20
02/25/19	Kim Eng	Venture	16.12	19.23	19.29	Roe-g/Coe-g, PB2.2x FY19
02/25/19	DMG & Partners	Venture	16.12	19	17.87
02/25/19	DBS Vickers	Venture	16.12	21.7	34.62	PER15.8x FY19
02/25/19	Lim & Tan	Venture	16.12	0	-100.00
02/25/19	OCBC	Venture	16.12	20.89	29.59	PER15x
03/19/19	DMG & Partners	Venture	18	19	5.56
03/29/19	DBS Vickers	Venture	17.8	21.7	21.91
04/03/19	Lim & Tan	Venture	18.6	0	-100.00

Stock calls for 11 April 2019

Date	Analyst	Company	Last	Target	Call	Valuation
04/11/19	CIMB	DBS	26.97	29	Add
04/11/19	CIMB	First Reit	0.99	1.2	Add	DDM
04/11/19	CIMB	OCBC	11.72	12	Hold
04/11/19	Lim & Tan	Sunningdale	1.39	0	Hold
04/11/19	CIMB	UOB	26.56	29	Add
04/11/19	DMG & Partners	Yoma	0.32	0.57	Add	Sum of parts (20% discount)

Valuetronics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/13/18	CIMB	Valuetronics	0.92	1.1	Add	PER11x CY19
02/13/18	UOB Kay Hian	Valuetronics	0.92	0.95	Buy	PER11.3x FY19, Buy @ $0.86
02/15/18	DMG & Partners	Valuetronics	0.915	1.05	Buy	DCF, PER11x FY19
03/23/18	Kim Eng	Valuetronics	0.955	1.25	Buy	ROE-g/COE-g, PB2.8x FY19
04/27/18	Kim Eng	Valuetronics	0.74	1.25	Buy	ROE-g/COE-g, PB2.8x FY19
04/27/18	CIMB	Valuetronics	0.74	1.1	Add	PER11x CY19
04/30/18	DMG & Partners	Valuetronics	0.68	0.96	Buy	PER10x FY19
05/22/18	DMG & Partners	Valuetronics	0.845	0.96	Buy
05/28/18	Lim & Tan	Valuetronics	0.825	0	Hold
05/30/18	CIMB	Valuetronics	0.795	0.95	Add	PER10x CY19
05/30/18	UOB Kay Hian	Valuetronics	0.795	0.96	Buy	PER11.3x FY19
05/30/18	DMG & Partners	Valuetronics	0.795	0.92	Buy	PER9.5x FY19
05/30/18	Kim Eng	Valuetronics	0.795	1.15	Buy
06/27/18	DMG & Partners	Valuetronics	0.665	0.92	Buy
08/15/18	Kim Eng	Valuetronics	0.735	1.05	Buy
08/15/18	UOB Kay Hian	Valuetronics	0.735	0.96	Buy	PER11.3x FY19
08/15/18	DMG & Partners	Valuetronics	0.735	0.92	Buy	PER10x FY19
08/15/18	CIMB	Valuetronics	0.735	0.95	Add	PER10x CY19
09/03/18	UOB Kay Hian	Valuetronics	0.75	0.96	Buy	PER11.3x FY19
09/24/18	CIMB	Valuetronics	0.68	0.95	Add	PER10x CY19
09/24/18	Kim Eng	Valuetronics	0.68	1.05	Buy	ROE-g/COE-g, PB2.3x FY19
09/25/18	DMG & Partners	Valuetronics	0.685	0.92	Buy	DCF
10/03/18	UOB Kay Hian	Valuetronics	0.7	0.96	Buy
11/02/18	UOB Kay Hian	Valuetronics	0.635	0.96	Buy
11/13/18	Kim Eng	Valuetronics	0.68	0.96	Buy	ROE-g/COE-g, PB2.1x FY19
11/13/18	UOB Kay Hian	Valuetronics	0.68	0.87	Buy	PER10.9x FY19
11/13/18	DMG & Partners	Valuetronics	0.68	0.82	Buy	DCF, PER10x FY19
11/13/18	CIMB	Valuetronics	0.68	0.93	Add	PER10x CY19
12/04/18	UOB Kay Hian	Valuetronics	0.695	0.87	Buy
01/04/19	UOB Kay Hian	Valuetronics	0.66	0.87	Buy
01/07/19	DMG & Partners	Valuetronics	0.675	0.82	Buy
01/08/19	Kim Eng	Valuetronics	0.69	0.9	Buy	PB1.9x FY19
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
02/15/19	UOB Kay Hian	Valuetronics	0.71	0.87	Buy
03/19/19	DMG & Partners	Valuetronics	0.69	0.78	Neutral
03/21/19	Kim Eng	Valuetronics	0.685	1.05	Buy	PB2.1x FY20
04/09/19	Kim Eng	Valuetronics	0.7	1.05	Buy

Valuemax - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/18	Amfrasers	Valuemax	0.295	0.39	Buy

UOL - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/18	Deutsche	UOL	9.08	10	Buy
01/16/18	CIMB	UOL	9.34	9.62	Add
01/16/18	Kim Eng	UOL	9.34	9.85	Buy	RNAV (15% discount), PB0.85x
01/16/18	Credit Suisse	UOL	9.34	10.8	Outperform
02/07/18	OCBC	UOL	8.71	9.7	Buy
02/07/18	CIMB	UOL	8.71	9.62	Add
02/19/18	DBS Vickers	UOL	8.34	10.15	Buy
02/28/18	Kim Eng	UOL	8.52	10.4	Buy	RNAV (10% discount)
02/28/18	OCBC	UOL	8.52	10.63	Buy	RNAV
02/28/18	CIMB	UOL	8.52	9.67	Add	RNAV (20% discount)
02/28/18	Credit Suisse	UOL	8.52	10.8	Outperform
03/06/18	DBS Vickers	UOL	8.38	10.23	Buy	RNAV (15% discount)
03/12/18	OCBC	UOL	8.75	10.63	Buy
03/16/18	CIMB	UOL	8.79	9.67	Add
03/20/18	Kim Eng	UOL	8.69	10.4	Buy
04/02/18	CIMB	UOL	8.55	9.67	Add	RNAV (20% discount)
04/03/18	OCBC	UOL	8.64	10.63	Buy
04/03/18	DBS Vickers	UOL	8.64	10.23	Buy
04/11/18	Kim Eng	UOL	8.64	10.4	Buy	RNAV (10% discount)
04/13/18	Deutsche	UOL	8.64	10	Buy
05/14/18	OCBC	UOL	8.72	10.63	Buy
05/14/18	CIMB	UOL	8.72	9.65	Add	RNAV (20% discount)
05/14/18	Lim & Tan	UOL	8.72	0	Buy
05/15/18	DBS Vickers	UOL	8.61	10.23	Buy
06/13/18	DBS Vickers	UOL	8	10.23	Buy
06/13/18	CIMB	UOL	8	9.65	Add	RNAV (20% discount)
06/20/18	Kim Eng	UOL	7.5	10.85	Buy
06/26/18	OCBC	UOL	7.45	10.63	Buy
07/06/18	CIMB	UOL	7.75	9.65	Add
07/06/18	Kim Eng	UOL	7.75	10.85	Buy
07/06/18	Deutsche	UOL	7.75	8.3	Hold
07/09/18	OCBC	UOL	6.7	8.48	Buy	RNAV (35% discount)
07/09/18	DBS Vickers	UOL	6.7	7.82	Buy	RNAV (35% discount)
07/09/18	Kim Eng	UOL	6.7	8.95	Buy
07/17/18	Lim & Tan	UOL	6.79	0	Buy
08/06/18	Kim Eng	UOL	7	8.8	Buy	RNAV (35% discount)
08/06/18	OCBC	UOL	7	8.48	Buy
08/06/18	CIMB	UOL	7	8.45	Add	RNAV (30% discount)
08/07/18	DBS Vickers	UOL	7.03	7.82	Hold	RNAV (35% discount)
09/06/18	Kim Eng	UOL	6.76	8.8	Buy
09/14/18	OCBC	UOL	6.85	8.48	Buy
09/18/18	CIMB	UOL	6.88	8.45	Add
09/25/18	Deutsche	UOL	6.95	8.3	Hold
10/02/18	CIMB	UOL	6.88	8.45	Add
11/05/18	DBS Vickers	UOL	6.32	7.82	Hold
11/14/18	CIMB	UOL	6.18	8.45	Add	RNAV (30% discount)
11/14/18	OCBC	UOL	6.18	8.41	Buy	RNAV (35% discount)
11/14/18	Lim & Tan	UOL	6.18	0	Buy
12/05/18	OCBC	UOL	6.3	8.41	Buy
12/07/18	Lim & Tan	UOL	6.23	0	Buy
12/11/18	DBS Vickers	UOL	6.15	7.15	Hold	RNAV (40% discount)
01/03/19	OCBC	UOL	6.07	8.41	Buy
01/04/19	Lim & Tan	UOL	6	0	Buy
01/17/19	DBS Vickers	UOL	6.65	7.15	Hold
02/12/19	Lim & Tan	UOL	6.57	0	Buy
02/27/19	CIMB	UOL	6.77	8.45	Add	RNAV
02/27/19	OCBC	UOL	6.77	8.45	Buy	RNAV
02/27/19	Lim & Tan	UOL	6.77	0	Buy
02/28/19	DBS Vickers	UOL	6.75	7.15	Hold	RNAV (40% discount)
03/18/19	OCBC	UOL	6.45	8.45	Buy	RNAV
03/28/19	CIMB	UOL	6.78	8.45	Add
04/02/19	OCBC	UOL	7.11	8.45	Buy	RNAV

Stock calls for 10 April 2019

Date	Analyst	Company	Last	Target	Call	Valuation
04/10/19	DMG & Partners	DBS	27	29.6	Buy	PB1.43x FY20
04/10/19	OCBC	ESR-Reit	0.54	0.55	Hold
04/10/19	DBS Vickers	Frasers Property	1.84	2.3	Buy	RNAV (35% discount)
04/10/19	CIMB	OUE Commercial	0.51	0.57	Hold
04/10/19	CIMB	OUE Hospitality	0.725	0.85	Add
04/10/19	Lim & Tan	SPH	2.53	0	Hold
04/10/19	CIMB	SPH	2.53	2.64	Hold

China imposes another anti-dumping measure against SG again.

https://sg.finance.yahoo.com/news/china-launch-anti-dumping-probe-010949972.html

Poor SG! We get hit with another anti-dumping measure by China.

Previous anti-dumping measures imposed on SG:

http://sg-stock.blogspot.com/2018/04/singapore-gets-hit-again-with-another.html

http://sg-stock.blogspot.com/2017/08/omg-singapore-is-part-of-chinas-anti.html

http://sg-stock.blogspot.com/2018/02/china-imposes-anti-dumping-measure-on.html

UOB Kay Hian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/09/18	Lim & Tan	UOB Kay Hian	1.23	0	Buy

UOB - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/18	DBS Vickers	UOB	27.02	29.5	Buy	GGM, PB1.4x FY18
01/08/18	DMG & Partners	UOB	26.91	28.88	Buy
01/08/18	JP Morgan	UOB	26.91	33	Overweight	Up from $28
01/09/18	Deutsche	UOB	27.25	30.6	Buy
01/10/18	phillip	UOB	27.8	25.22	Accumulate
01/26/18	OCBC	UOB	27.98	30.1	Buy	PB1.3x FY18
02/07/18	OCBC	UOB	26.62	30.1	Buy
02/08/18	Macquarie	UOB	26.4	27.5	Neutral
02/12/18	phillip	UOB	26.24	25.22	Accumulate
02/15/18	CIMB	UOB	26.24	28	Add	GGM, PB1.3x FY18, PER11.3x FY19
02/15/18	DMG & Partners	UOB	26.24	30	Buy	GGM, PB1.35x FY18
02/15/18	Kim Eng	UOB	26.24	29.33	Buy	PB1.3x FY18
02/15/18	Credit Suisse	UOB	26.24	31.7	Outperform	GGM
02/15/18	Jefferies	UOB	26.24	29.5	Buy
02/15/18	DBS Vickers	UOB	26.24	30	Buy	GGM, PB1.3x FY18
02/21/18	phillip	UOB	27.22	29	Buy	GGM, PB1.35x
02/22/18	UBS	UOB	27.6	27.5	Neutral
02/22/18	Jefferies	UOB	27.6	33	Buy
03/05/18	OCBC	UOB	27.75	30.86	Buy	PB1.3x FY18
03/20/18	Kim Eng	UOB	28.1	31.08	Buy	GGM, PB1.4x FY18
03/22/18	Lim & Tan	UOB	28.58	0	Buy
04/04/18	DMG & Partners	UOB	26.96	30	Buy
04/20/18	CIMB	UOB	29.78	33	Add	GGM, PB1.5x FY18
04/27/18	DBS Vickers	UOB	29.39	33.2	Buy	GGM, PB1.5x FY18
05/03/18	Jefferies	UOB	29.99	34	Buy
05/03/18	DMG & Partners	UOB	29.99	33.3	Buy	GGM, PB1.51x FY18
05/04/18	phillip	UOB	29.58	31.7	Accumulate	GGM, PB1.5x FY18
05/04/18	CIMB	UOB	29.58	33	Add	GGM, PB1.5x FY18
05/04/18	Kim Eng	UOB	29.58	32.88	Buy	GGM, PB1.5x FY18
05/04/18	DBS Vickers	UOB	29.58	33.2	Buy	GGM, PB1.5x FY18
05/09/18	Macquarie	UOB	29.34	30.5	Outperform
06/04/18	phillip	UOB	28.1	31.7	Accumulate
06/13/18	OCBC	UOB	27.86	31.02	Buy
06/28/18	DBS Vickers	UOB	26.36	33.2	Buy
07/02/18	phillip	UOB	26.76	31.7	Accumulate
07/06/18	DBS Vickers	UOB	27.09	28.3	Hold	GGM, PB1.3x FY18
07/16/18	DMG & Partners	UOB	26.55	33.3	Buy	GGM, PB1.43x FY19
08/01/18	phillip	UOB	27.02	31.7	Accumulate
08/03/18	Macquarie	UOB	26.7	32	Outperform
08/03/18	Lim & Tan	UOB	26.7	0	Buy
08/03/18	DMG & Partners	UOB	26.7	33.3	Buy	GGM, PB1.42x FY19
08/06/18	OCBC	UOB	26.59	32.09	Buy
08/06/18	CIMB	UOB	26.59	31	Add	GGM, PB1.4x FY18
08/06/18	DBS Vickers	UOB	26.59	31.7	Buy	GGM, PB1.4x FY19
08/06/18	JP Morgan	UOB	26.59	32	Overweight
08/07/18	phillip	UOB	27.13	34.5	Buy	GGM, PB1.6x FY18
09/26/18	phillip	UOB	27.01	33.69	Buy	GGM, PB1.6x FY18
10/01/18	DMG & Partners	UOB	27.08	33.3	Buy	GGM, PB1.45x FY19
10/02/18	phillip	UOB	27.05	33.69	Buy
10/11/18	Jefferies	UOB	25.88	34	Buy
10/19/18	DBS Vickers	UOB	25.48	31.7	Buy
10/26/18	Lim & Tan	UOB	24.95	0	Buy
10/26/18	OCBC	UOB	24.95	32.09	Buy
10/26/18	Jefferies	UOB	24.95	32	Buy
10/29/18	phillip	UOB	24.07	32.52	Buy	GGM, PB1.4x FY19
10/29/18	DBS Vickers	UOB	24.07	29.5	Buy	GGM, PB1.3x FY19
10/29/18	DMG & Partners	UOB	24.07	30.8	Buy	GGM, PB1.41x FY19
10/29/18	CIMB	UOB	24.07	31	Add
10/29/18	OCBC	UOB	24.07	28.8	Buy
10/29/18	Jefferies	UOB	24.07	32	Buy
10/31/18	Macquarie	UOB	24	30.5	Outperform
11/01/18	phillip	UOB	24.38	32.52	Buy
11/13/18	DBS Vickers	UOB	24.49	29.5	Buy
11/13/18	JP Morgan	UOB	24.49	29	Overweight
11/20/18	DMG & Partners	UOB	24.25	30.8	Buy
12/04/18	DBS Vickers	UOB	25.98	29.5	Buy	GGM, PB1.3x FY19
12/14/18	DMG & Partners	UOB	24.89	30.8	Buy
01/02/19	DMG & Partners	UOB	24.57	30.8	Buy	GGM, PB1.41x FY19
01/03/18	CIMB	UOB	24.31	31	Add	PER11.4x FY20
01/03/18	JP Morgan	UOB	24.31	30	Overweight
01/04/19	phillip	UOB	23.99	32.52	Buy
01/04/19	Jefferies	UOB	23.99	31	Buy
01/29/19	DMG & Partners	UOB	25.83	29.8	Buy	GGM, PB1.37x FY19
01/29/19	CIMB	UOB	25.83	32	Add	GGM, PB1.4x CY19
01/31/19	Kim Eng	UOB	25.3	30.5	Buy	DDM
02/01/19	phillip	UOB	25.19	32.52	Buy
02/12/19	Kim Eng	UOB	25.34	30.5	Buy
02/22/19	DMG & Partners	UOB	25.98	29.8	Buy	PB1.35x FY19
02/25/19	Jefferies	UOB	25.58	30	Buy	PER12.3x FY19
02/25/19	OCBC	UOB	25.58	28.3	Buy	PB1.2x FY19
02/25/19	DBS Vickers	UOB	25.58	29.2	Buy	GGM, PB1.2x
02/25/19	phillip	UOB	25.58	32.51	Buy	GGM, PB1.4x FY19
02/25/19	Kim Eng	UOB	25.58	29.71	Buy	DDM
02/25/19	CIMB	UOB	25.58	29	Add	GGM, PB1.3x FY19
02/26/19	Macquarie	UOB	25.39	30.5	Outperform	PB
03/04/19	phillip	UOB	25	32.5	Buy
03/07/19	Kim Eng	UOB	25.1	29.71	Buy
03/11/19	CIMB	UOB	24.91	29	Add
03/13/19	DMG & Partners	UOB	25.04	29.8	Buy
03/26/19	OCBC	UOB	24.95	28.3	Buy
04/02/19	phillip	UOB	25.42	32.5	Buy
04/02/19	DBS Vickers	UOB	25.42	29.2	Buy

United Global - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/18	SAC Advisors	United Global	0.41	0.5	Buy	PER12.2x FY18

Stock calls for 9 April 2019

Date	Analyst	Company	Last	Target	Call	Valuation
04/09/19	Phillip	ART	1.18	1.36	Buy	DDM, PB0.94x FY19
04/09/19	DMG & Partners	CDL Hospitality	1.67	1.8	Buy
04/09/19	CIMB	First Resources	1.79	2.12	Add
04/09/19	OCBC	Golden Agri	0.315	0.29	Hold	PB0.65x
04/09/19	CIMB	Golden Agri	0.315	0.23	Reduce
04/09/19	Kim Eng	Hi-P	1.63	1.22	Sell	PB1.5x FY19
04/09/19	CIMB	Keppel DC Reit	1.48	1.54	Add	DDM
04/09/19	DMG & Partners	OUE Hospitality	0.735	0.76	Take Profit	Accept offer
04/09/19	DBS Vickers	OUE Hospitality	0.735	0.85	Buy
04/09/19	DBS Vickers	Sembcorp Industries	2.75	3.9	Buy
04/09/19	Amfrasers	Sembcorp Marine	1.7	2.48	Buy
04/09/19	DBS Vickers	Sembcorp Marine	1.7	2.4	Buy
04/09/19	DBS Vickers	Singtel	3.06	3.55	Buy	Sum of parts
04/09/19	Amfrasers	Uni-Asia	1.16	1.86	Buy	Sum of parts, PB0.6x FY19, PER9.5x FY19
04/09/19	Kim Eng	Valuetronics	0.7	1.05	Buy
04/09/19	OCBC	Wilmar	3.49	3.44	Hold	PB0.9x
04/09/19	CIMB	Wilmar	3.49	3.96	Add

No Standard Chartered Bank ceo or cfo is arrested for violating US sanctions.

https://sg.news.yahoo.com/exclusive-standard-chartered-expected-pay-just-over-1-022444381--sector.html

Why is the bank ceo or cof not arrested for violating US sanction but Huawei cfo is arrested?

Why? Why? Why?

China wants to eliminate bitcoin mining.

https://sg.news.yahoo.com/china-says-wants-eliminate-bitcoin-mining-042048452--sector.html

Game over! China is eliminating bitcoin mining.  Maybe bitcoin mining is using too much energy in China that China wants to put a stop to it.  Maybe China wants to get out of this big Ponzi scheme and focus on real technology.  Anyway, this will force China miners to relocate to other countries and cause their electricity consumption to spike up.