https://sg.finance.yahoo.com/news/ap-sources-us-sanction-nations-041412403.html
The US is bullying the small nations by imposing its internal laws on external small countries. Look like the US is adamant to create inflation in the 2nd half of 2019. The oil price has reacted instantaneously and transportation (sea, land & air) costs will follow suit.
http://sg-stock.blogspot.com/2019/04/global-inflation-or-deflation-part-3.html
Monday, April 22, 2019
Saturday, April 20, 2019
Baltic dry index - 790
Today, Thursday, April 18 2019, the Baltic Dry Index climbed by 23 points, reaching 790 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 - 1012
US Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0.
US Rig Count is down 1 rig from last year’s count of 1,013, with oil rigs up 5, gas rigs down 5, and miscellaneous rigs down 1.
The US Offshore Rig Count is unchanged at 23 and up 5 rigs year-over-year.
Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.
Canada Rig Count is down 27 rigs from last year’s count of 93, with oil rigs down 19 and gas rigs down 8.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
Friday, April 19, 2019
The US economy has hit a soft patch.
https://finance.yahoo.com/news/column-u-economy-hits-soft-010000733.html
The US manufacturing and freight data have corroborated the previous PMI data that the US economy is slowing down.
We did a comprehensive analysis of the US PMI data below. The March headline PMI number was up but the sub-indexes were telling us otherwise.
https://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html
The US manufacturing and freight data have corroborated the previous PMI data that the US economy is slowing down.
We did a comprehensive analysis of the US PMI data below. The March headline PMI number was up but the sub-indexes were telling us otherwise.
https://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html
Thursday, April 18, 2019
Ascendas Hospitality Trust - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/30/19 | DBS Vickers | Ascendas Hospitality Trust | 0.835 | 0.98 | Buy | DCF |
ART - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/10/19 | OCBC | ART | 1.1 | 1.18 | Buy | |
01/10/19 | CIMB | ART | 1.1 | 1.13 | Hold | DDM |
01/11/19 | DBS Vickers | ART | 1.11 | 1.25 | Buy | |
01/30/19 | OCBC | ART | 1.19 | 1.25 | Buy | |
01/30/19 | DBS Vickers | ART | 1.19 | 1.35 | Buy | DCF |
03/05/19 | OCBC | ART | 1.14 | 1.25 | Buy | |
03/29/19 | Lim & Tan | ART | 1.18 | 0 | Hold | BV |
04/09/19 | Phillip | ART | 1.18 | 1.36 | Buy | DDM, PB0.94x FY19 |
04/12/19 | UOB Kay Hian | ART | 1.2 | 1.46 | Buy | DDM |
04/15/19 | OCBC | ART | 1.2 | 1.25 | Hold |
APTV - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/01/19 | Phillip | APTV | 0.13 | 0.14 | Accumulate |
Stock calls for 18 April 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
04/18/19 | OCBC | Cache Logistics | 0.72 | 0.7 | Hold | |
04/18/19 | Phillip | Keppel DC Reit | 1.49 | 1.59 | Accumulate | DDM, PB1.37x FY19 |
04/18/19 | DMG & Partners | Keppel Reit | 1.24 | 1.12 | Neutral | DDM |
04/18/19 | DBS Vickers | Keppel Reit | 1.24 | 1.38 | Buy | DCF |
04/18/19 | Lim & Tan | Keppel Reit | 1.24 | 0 | Hold | |
04/18/19 | OCBC | Mapletree Logistics | 1.44 | 1.45 | Hold | |
04/18/19 | UOB Kay Hian | SPH | 2.46 | 2.86 | Buy | Sum of parts |
04/18/19 | OCBC | SPH | 2.46 | 2.55 | Hold | |
04/18/19 | phillip | UOB | 26.87 | 32.02 | Buy | GGM |
Wednesday, April 17, 2019
APAC Realty - Stock calls
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 | |
03/01/19 | DMG & Partners | APAC Realty | 0.57 | 0.72 | Buy | DCF |
03/01/19 | DBS Vickers | APAC Realty | 0.57 | 0.7 | Buy | PER12x |
04/04/19 | DMG & Partners | APAC Realty | 0.615 | 0.72 | Buy | RNAV |
Amara - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/05/19 | DMG & Partners | Amara | 0.46 | 0.88 | Buy | RNAV (35% discount) |
AEM - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/30/19 | Kim Eng | AEM | 0.905 | 1.21 | Buy | PB2.9x FY19/20, EV/Ebitda5.2x FY20 |
02/26/19 | Kim Eng | AEM | 1.05 | 1.24 | Buy | PB2.8x FY19/20 |
02/26/19 | CIMB | AEM | 1.05 | 1.11 | Hold | PER10x FY20 |
Stock calls for 17 April 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
04/17/19 | OCBC | City Developments | 9.32 | 10.68 | Buy | |
04/17/19 | CIMB | Frencken | 0.635 | 0.9 | Buy | PER10x FY20 |
04/17/19 | OCBC | Hotel Properties | 3.88 | 4.74 | Buy | |
04/17/19 | OCBC | KSH | 0.535 | 0.81 | Buy | |
04/17/19 | OCBC | OUE | 1.79 | 2.32 | Buy | |
04/17/19 | OCBC | Roxy-Pacific | 0.4 | 0.41 | Hold | |
04/17/19 | UOB Kay Hian | Top Glove | 1.48 | 1.34 | Hold | Ringgit target $4.10, Buy @ $3.70 |
04/17/19 | OCBC | Wing Tai | 2.06 | 2.41 | Buy | |
04/17/19 | Phillip | Y Venture | 0.156 | 0.16 | Cease Coverage |
Singapore Nodx contracted 11.7% in March 2019.
Year on year changes (YOY):
March 2019: -11.7%
February 2019: 4.9%
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%
China is a consuming economy, not an exporting economy anymore.
https://sg.finance.yahoo.com/news/china-economic-growth-steady-amid-021015173.html
China is able to boost its GDP by increasing its local consumption with stimulus measures.
Therefore, a US-China trade war has limited impact on China but significant impacts in other exporting countries.
https://sg-stock.blogspot.com/2019/04/the-slowdown-in-chinas-imports-will.html
China is able to boost its GDP by increasing its local consumption with stimulus measures.
Therefore, a US-China trade war has limited impact on China but significant impacts in other exporting countries.
https://sg-stock.blogspot.com/2019/04/the-slowdown-in-chinas-imports-will.html
Japan's slowdown continues.
https://sg.finance.yahoo.com/news/japan-exports-slump-weak-china-demand-heaping-pressure-010749155--finance.html
Japan's slowdown is impacted by China. We had posted this recently.
https://sg-stock.blogspot.com/2019/04/the-slowdown-in-chinas-imports-will.html
Japan's slowdown is impacted by China. We had posted this recently.
https://sg-stock.blogspot.com/2019/04/the-slowdown-in-chinas-imports-will.html
China is right to ban ractopamine for health safety.
https://finance.yahoo.com/news/china-eyes-u-poultry-pork-170054363.html
The US is trying to make China lift the ractopamine ban but China won't accede to the request because it is a health hazard.
The US uses ractopamine for its pork and beef exports. This is also the reason I avoid US pork and beef in Singapore.
http://sg-stock.blogspot.com/2016/11/what-do-you-get-for-being-staunch-usa.html
The US is trying to make China lift the ractopamine ban but China won't accede to the request because it is a health hazard.
The US uses ractopamine for its pork and beef exports. This is also the reason I avoid US pork and beef in Singapore.
http://sg-stock.blogspot.com/2016/11/what-do-you-get-for-being-staunch-usa.html
Tuesday, April 16, 2019
Accordia Golf Trust - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/15/19 | Amfrasers | Accordia Golf Trust | 0.55 | 0.61 | Hold | |
02/19/19 | Amfrasers | Accordia Golf Trust | 0.565 | 0.61 | Buy | |
04/04/19 | Amfrasers | Accordia Golf Trust | 0.59 | 0.72 | Buy |
A-Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/19 | DMG & Partners | A-Reit | 2.57 | 2.9 | Buy | |
01/04/19 | Phillip | A-Reit | 2.57 | 2.78 | Accumulate | |
01/17/19 | Kim Eng | A-Reit | 2.74 | 2.95 | Buy | DDM |
01/22/19 | UOB Kay Hian | A-Reit | 2.71 | 3.01 | Buy | |
01/31/19 | Phillip | A-Reit | 2.72 | 2.88 | Accumulate | DDM, PB1.34x FY19 |
01/31/19 | CIMB | A-Reit | 2.72 | 2.83 | Add | DDM |
01/31/19 | OCBC | A-Reit | 2.72 | 2.64 | Hold | |
01/31/19 | DBS Vickers | A-Reit | 2.72 | 2.95 | Buy | |
02/15/19 | Phillip | A-Reit | 2.75 | 2.88 | Accumulate | |
02/28/19 | Kim Eng | A-Reit | 2.81 | 2.95 | Buy | |
03/07/19 | DMG & Partners | A-Reit | 2.83 | 2.9 | Neutral | DDM |
03/07/19 | CIMB | A-Reit | 2.83 | 2.83 | Add | |
04/04/19 | Kim Eng | A-Reit | 2.93 | 3.1 | Buy |
800Super - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/13/19 | Phillip | 800Super | 0.685 | 0 | Cease Coverage | DCF |
Stock calls for 16 April 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
04/16/19 | CLSA | Best World | 1.77 | 1.75 | Sell | Up from $1.29 |
04/16/19 | OCBC | Comfortdelgro | 2.63 | 2.63 | Hold | DCF |
04/16/19 | OCBC | Keppel DC Reit | 1.49 | 1.64 | Buy | |
04/16/19 | Lim & Tan | Keppel DC Reit | 1.49 | 0 | Hold | |
04/16/19 | DBS Vickers | Keppel Infrastructure | 0.48 | 0.58 | Buy | DDM |
04/16/19 | Kim Eng | Sheng Siong | 1.06 | 0.95 | Sell | DCF |
04/16/19 | UOB Kay Hian | SIA | 9.88 | 10.1 | Hold | Sum of parts |
04/16/19 | DBS Vickers | UOL | 7.36 | 8.53 | Buy | RNAV (35% discount) |
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