https://finance.yahoo.com/news/intel-slashes-forecasts-amid-decline-204616825.html
https://kfgo.com/news/articles/2019/apr/23/texas-instruments-revenue-profit-beat-estimates-shares-rise/
The semiconductor titans are reporting weaker sales forecasts due to poor China demand. Therefore, 2019 won't be a bumper year for the semiconductor industry. However, Micron Tech is still being extremely optimistic and fudging its numbers when it has more than 50% China sales.
https://www.investors.com/news/technology/micron-stock-rallies-second-half-2019-recovery/
We've stated the global semiconductor slowdown in October 2018.
https://sg-stock.blogspot.com/2019/03/the-semiconductor-is-facing-collapse.html
http://sg-stock.blogspot.com/2018/10/the-global-semiconductor-slowdown-is.html
Friday, April 26, 2019
Thursday, April 25, 2019
CapitaRetail China - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/04/19 | OCBC | CapitaRetail China | 1.48 | 1.42 | Hold | |
| 02/04/19 | DBS Vickers | CapitaRetail China | 1.48 | 1.65 | Buy | DCF |
| 02/15/19 | Phillip | CapitaRetail China | 1.39 | 1.66 | Accumulate | |
| 03/21/19 | Amfrasers | CapitaRetail China | 1.52 | 1.61 | Buy | DDM |
| 04/03/19 | DBS Vickers | CapitaRetail China | 1.57 | 1.65 | Buy |
Capitamall Trust - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/22/19 | CIMB | Capitamall Trust | 2.26 | 2.29 | Hold | DDM |
| 01/23/19 | OCBC | Capitamall Trust | 2.27 | 2.12 | Hold | |
| 01/24/19 | Phillip | Capitamall Trust | 2.31 | 2.09 | Neutral | DDM, PB1.06x FY19 |
| 01/24/19 | Kim Eng | Capitamall Trust | 2.31 | 2.25 | Hold | DDM |
| 01/24/19 | OCBC | Capitamall Trust | 2.31 | 2.25 | Hold | |
| 01/24/19 | DBS Vickers | Capitamall Trust | 2.31 | 2.44 | Buy | |
| 01/28/19 | UOB Kay Hian | Capitamall Trust | 2.36 | 2.02 | Hold | Buy @ $1.84 |
| 02/15/19 | Phillip | Capitamall Trust | 2.38 | 2.09 | Neutral | |
| 02/28/19 | Kim Eng | Capitamall Trust | 2.42 | 2.25 | Hold | |
| 03/14/19 | DMG & Partners | Capitamall Trust | 2.39 | 2.2 | Neutral | DDM |
| 04/04/19 | Kim Eng | Capitamall Trust | 2.41 | 2.4 | Hold | |
| 04/24/19 | OCBC | Capitamall Trust | 2.32 | 2.25 | Hold | |
| 04/25/19 | DBS Vickers | Capitamall Trust | 2.36 | 2.55 | Buy | |
| 04/25/19 | OCBC | Capitamall Trust | 2.36 | 2.32 | Hold |
Capitaland - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/02/19 | DMG & Partners | Capitaland | 3.11 | 4 | Buy | |
| 01/03/19 | OCBC | Capitaland | 3.07 | 3.96 | Buy | RNAV (20% discount) |
| 01/07/19 | CIMB | Capitaland | 3.06 | 3.55 | Add | RNAV (35% discount) |
| 01/15/19 | DBS Vickers | Capitaland | 3.27 | 3.62 | Buy | |
| 01/15/19 | Phillip | Capitaland | 3.27 | 4 | Accumulate | RNAV (20% discount), PB0.75x FY18 |
| 02/20/19 | Lim & Tan | Capitaland | 3.39 | 0 | Buy | |
| 02/21/19 | OCBC | Capitaland | 3.43 | 3.98 | Buy | RNAV |
| 02/21/19 | Phillip | Capitaland | 3.43 | 4 | Accumulate | PB0.75x FY19 |
| 02/21/19 | CIMB | Capitaland | 3.43 | 3.56 | Add | RNAV (35% discount) |
| 02/21/19 | DBS Vickers | Capitaland | 3.43 | 3.62 | Buy | |
| 03/18/19 | OCBC | Capitaland | 3.44 | 3.98 | Buy | |
| 03/21/19 | Lim & Tan | Capitaland | 3.47 | 0 | Buy | |
| 03/26/19 | CIMB | Capitaland | 3.44 | 3.56 | Add | |
| 04/01/19 | UOB Kay Hian | Capitaland | 3.65 | 4.4 | Buy | |
| 04/02/19 | Macquarie | Capitaland | 3.69 | 3.9 | Outperform | RNAV |
| 04/02/19 | OCBC | Capitaland | 3.69 | 3.98 | Buy |
Stock calls for 25 April 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 04/25/19 | Kim Eng | AIMS AMP Cap Ind Reit | 1.42 | 1.5 | Buy | |
| 04/25/19 | DBS Vickers | AIMS AMP Cap Ind Reit | 1.42 | 1.5 | Buy | |
| 04/25/19 | DBS Vickers | Capitamall Trust | 2.36 | 2.55 | Buy | |
| 04/25/19 | OCBC | Capitamall Trust | 2.36 | 2.32 | Hold | |
| 04/25/19 | CIMB | ESR-Reit | 0.51 | 0.6 | Add | DDM |
| 04/25/19 | OCBC | ESR-Reit | 0.51 | 0.565 | Buy | |
| 04/25/19 | DMG & Partners | Frasers Centrepoint Trust | 2.36 | 2.19 | Neutral | DDM |
| 04/25/19 | OCBC | Frasers Centrepoint Trust | 2.36 | 2.61 | Buy | DDM |
| 04/25/19 | CIMB | Keppel Reit | 1.23 | 1.34 | Add | DDM |
| 04/25/19 | Lim & Tan | Manulife US Reit | 0.87 | 0 | Hold | |
| 04/25/19 | DBS Vickers | Mapletree Commercial | 1.89 | 2 | Buy | |
| 04/25/19 | UOB Kay Hian | ST Engineering | 3.9 | 4.7 | Buy | EV/Invested capital basis |
| 04/25/19 | DMG & Partners | ST Engineering | 3.9 | 4.1 | Buy | |
| 04/25/19 | Kim Eng | ST Engineering | 3.9 | 4.3 | Buy | DCF |
| 04/25/19 | OCBC | Suntec Reit | 1.89 | 1.83 | Hold | DDM |
SGX is losing its IPO shine.
https://www.channelnewsasia.com/news/business/thailand-set-to-be-southeast-asia-s-hottest-ipo-market-with-us-11476512
Vietnam overtook SGX last year.
Look like Thailand will overtake SGX this year too. Sigh! SGX is losing its shine under the helm of an ex-investment banker.
http://sg-stock.blogspot.com/2018/12/sgx-has-lost-its-ipo-crown-jewel-status.html
Vietnam overtook SGX last year.
Look like Thailand will overtake SGX this year too. Sigh! SGX is losing its shine under the helm of an ex-investment banker.
http://sg-stock.blogspot.com/2018/12/sgx-has-lost-its-ipo-crown-jewel-status.html
Wednesday, April 24, 2019
CapitaCommercial - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/04/19 | Phillip | CapitaCommercial | 1.75 | 1.9 | Accumulate | |
| 01/14/19 | UOB Kay Hian | CapitaCommercial | 1.82 | 2.11 | Buy | DDM |
| 01/24/19 | OCBC | CapitaCommercial | 1.83 | 1.68 | Hold | |
| 01/25/19 | UOB Kay Hian | CapitaCommercial | 1.85 | 2.16 | Buy | DDM |
| 01/25/19 | DMG & Partners | CapitaCommercial | 1.85 | 1.86 | Neutral | DDM |
| 01/25/19 | DBS Vickers | CapitaCommercial | 1.85 | 2 | Buy | DCF |
| 01/25/19 | Lim & Tan | CapitaCommercial | 1.85 | 0 | Hold | |
| 01/28/19 | OCBC | CapitaCommercial | 1.9 | 1.83 | Hold | |
| 01/28/19 | CIMB | CapitaCommercial | 1.9 | 1.94 | Add | |
| 02/15/19 | Phillip | CapitaCommercial | 1.86 | 1.93 | Accumulate | |
| 03/18/19 | DMG & Partners | CapitaCommercial | 1.98 | 1.86 | Neutral | |
| 03/26/19 | UOB Kay Hian | CapitaCommercial | 1.92 | 2.16 | Buy | |
| 04/22/19 | Phillip | CapitaCommercial | 1.93 | 1.93 | Neutral | DDM, PB1.05x |
| 04/22/19 | DMG & Partners | CapitaCommercial | 1.93 | 1.86 | Neutral | DDM |
| 04/22/19 | OCBC | CapitaCommercial | 1.93 | 1.88 | Hold | |
| 04/22/19 | CIMB | CapitaCommercial | 1.93 | 2.03 | Add | DDM |
| 04/22/19 | UOB Kay Hian | CapitaCommercial | 1.93 | 2.16 | Buy | |
| 04/22/19 | DBS Vickers | CapitaCommercial | 1.93 | 2.1 | Buy | DCF |
| 04/22/19 | Lim & Tan | CapitaCommercial | 1.93 | 0 | Hold |
Cache Logistics - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/28/19 | phillip | Cache Logistics | 0.75 | 0.75 | Neutral | DDM, PB1.14x FY19 |
| 01/28/19 | DBS Vickers | Cache Logistics | 0.75 | 0.75 | Hold | DCF |
| 01/28/19 | OCBC | Cache Logistics | 0.75 | 0.76 | Hold | |
| 01/28/19 | DMG & Partners | Cache Logistics | 0.75 | 0.81 | Buy | DDM |
| 01/28/19 | CIMB | Cache Logistics | 0.75 | 0.74 | Hold | |
| 01/28/19 | Kim Eng | Cache Logistics | 0.75 | 0.85 | Buy | |
| 02/15/19 | phillip | Cache Logistics | 0.71 | 0.75 | Neutral | |
| 03/18/19 | DMG & Partners | Cache Logistics | 0.72 | 0.81 | Buy | |
| 04/18/19 | OCBC | Cache Logistics | 0.72 | 0.7 | Hold |
Bumitama - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/03/19 | UOB Kay Hian | Bumitama | 0.67 | 0.81 | Buy | |
| 02/12/19 | UOB Kay Hian | Bumitama | 0.685 | 0.81 | Buy | PER11x FY19 |
| 02/21/19 | Kim Eng | Bumitama | 0.69 | 0.96 | Buy | |
| 02/26/19 | DMG & Partners | Bumitama | 0.67 | 0.67 | Neutral | PER11x FY19 |
| 02/27/19 | Kim Eng | Bumitama | 0.675 | 0.97 | Buy | PER13x FY19 |
| 02/28/19 | DBS Vickers | Bumitama | 0.665 | 0.85 | Buy | DCF, PER13.9x FY19 |
| 04/08/19 | UOB Kay Hian | Bumitama | 0.725 | 0.81 | Buy |
Stock calls for 24 April 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 04/24/19 | OCBC | Capitamall Trust | 2.32 | 2.25 | Hold | |
| 04/24/19 | Lim & Tan | Frasers Centrepoint Trust | 2.36 | 0 | Buy | |
| 04/24/19 | DMG & Partners | Frasers Commercial Trust | 1.49 | 1.5 | Neutral | DDM |
| 04/24/19 | OCBC | Frasers Commercial Trust | 1.49 | 1.58 | Buy | |
| 04/24/19 | CIMB | Frasers Commercial Trust | 1.49 | 1.5 | Hold | DDM |
| 04/24/19 | UOB Kay Hian | Keppel Reit | 1.21 | 1.37 | Buy | DDM |
| 04/24/19 | DBS Vickers | Keppel Reit | 1.21 | 1.4 | Buy | DCF |
| 04/24/19 | OCBC | Mapletree Commercial | 1.84 | 1.85 | Hold | |
| 04/24/19 | UOB Kay Hian | OCBC | 11.83 | 14.12 | Buy | GGM |
| 04/24/19 | DBS Vickers | Perennial Reit | 0.65 | 0.83 | Buy | RNAV (55% discount) |
| 04/24/19 | OCBC | Suntec Reit | 1.86 | 1.84 | Hold | |
| 04/24/19 | DMG & Partners | UOB | 26.99 | 30.8 | Buy | PB1.29x FY20 |
Bonitas Research: Best World is a fraud!
https://www.bonitasresearch.com/company/best_world/
Bonitas Research has just issued a fraud report on Best World citing its Chinese sales are fudged.
The share price is tumbling right now.
Bonitas Research has just issued a fraud report on Best World citing its Chinese sales are fudged.
The share price is tumbling right now.
Tuesday, April 23, 2019
Breadtalk - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/21/19 | DBS Vickers | Breadtalk | 0.88 | 0.92 | Hold | Sum of parts |
| 02/21/19 | DMG & Partners | Breadtalk | 0.88 | 0.81 | Neutral | Sum of parts |
| 04/05/19 | DMG & Partners | Breadtalk | 0.87 | 0.81 | Neutral |
Biolidics - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 03/27/19 | CIMB | Biolidics | 0.27 | 0.32 | Add | EV/Sales 12x |
Best World - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/28/19 | DMG & Partners | Best World | 2.56 | 2.95 | Buy | DCF & PER18x |
| 02/28/19 | CIMB | Best World | 2.56 | 2.43 | Reduce | PER14.9x CY20 |
| 04/05/19 | DMG & Partners | Best World | 2.02 | 2.95 | Buy | |
| 04/16/19 | CLSA | Best World | 1.77 | 1.75 | Sell | Up from $1.29 |
Stock calls for 23 April 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 04/23/19 | Kim Eng | OCBC | 11.78 | 10.73 | Hold | |
| 04/23/19 | UOB Kay Hian | Overseas Edu | 0.33 | 0.46 | Buy | EV/Ebitda10.4x |
Monday, April 22, 2019
Banyan Tree - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 03/11/19 | phillip | Banyan Tree | 0.57 | 0.76 | Accumulate | Sum of parts, PB0.72x FY19 |
Avi-Tech - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/07/19 | DMG & Partners | Avi-Tech | 0.3 | 0.34 | Neutral | |
| 02/14/19 | DMG & Partners | Avi-Tech | 0.29 | 0.3 | Neutral | DCF |
| 03/19/19 | DMG & Partners | Avi-Tech | 0.29 | 0.3 | Neutral |
Ascendas India Trust - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/25/19 | Jefferies | Ascendas India Trust | 1.08 | 1.2 | Buy | |
| 01/28/19 | DBS Vickers | Ascendas India Trust | 1.08 | 1.25 | Buy | DDM |
| 02/08/19 | DBS Vickers | Ascendas India Trust | 1.13 | 1.25 | Buy |
Stock calls for 22 April 2019
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 04/22/19 | Phillip | CapitaCommercial | 1.93 | 1.93 | Neutral | DDM, PB1.05x |
| 04/22/19 | DMG & Partners | CapitaCommercial | 1.93 | 1.86 | Neutral | DDM |
| 04/22/19 | OCBC | CapitaCommercial | 1.93 | 1.88 | Hold | |
| 04/22/19 | CIMB | CapitaCommercial | 1.93 | 2.03 | Add | DDM |
| 04/22/19 | UOB Kay Hian | CapitaCommercial | 1.93 | 2.16 | Buy | |
| 04/22/19 | DBS Vickers | CapitaCommercial | 1.93 | 2.1 | Buy | DCF |
| 04/22/19 | Lim & Tan | CapitaCommercial | 1.93 | 0 | Hold | |
| 04/22/19 | UOB Kay Hian | DBS | 27.4 | 30.3 | Buy | GGM |
| 04/22/19 | UOB Kay Hian | First Resources | 1.85 | 1.85 | Hold | |
| 04/22/19 | UOB Kay Hian | Golden Agri | 0.295 | 0.21 | Sell | |
| 04/22/19 | OCBC | Keppel Corp | 6.74 | 7.83 | Buy | |
| 04/22/19 | Lim & Tan | Keppel Corp | 6.74 | 0 | Hold | |
| 04/22/19 | DMG & Partners | OCBC | 11.77 | 12.2 | Neutral | PB1.12x FY20, Up from $10.96 |
| 04/22/19 | OCBC | Soilbuild Reit | 0.63 | 0.62 | Hold | |
| 04/22/19 | DBS Vickers | Soilbuild Reit | 0.63 | 0.63 | Hold | DCF |
US will not give exemptions to small nations for importing Iran's oil.
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
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
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