Saturday, May 4, 2019
Friday, May 3, 2019
Dasin Retail - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/15/19 | phillip | Dasin Retail | 0.885 | 0.95 | Accumulate | DDM |
02/28/19 | phillip | Dasin Retail | 0.885 | 0.94 | Accumulate | DDM, PB0.64x |
Dairy Farm - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/04/19 | DMG & Partners | Dairy Farm | 8.57 | 8.64 | Neutral | DCF |
03/04/19 | DBS Vickers | Dairy Farm | 8.57 | 8.44 | Hold | Sum of parts |
03/06/19 | CIMB | Dairy Farm | 8.33 | 8.54 | Hold | PER23.5x FY20 |
03/20/19 | DMG & Partners | Dairy Farm | 7.41 | 8.25 | Buy | DCF |
04/05/19 | DMG & Partners | Dairy Farm | 8.14 | 8.25 | Buy |
CSE Global - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/19 | UOB Kay Hian | CSE Global | 0.385 | 0.59 | Buy | |
01/07/19 | DMG & Partners | CSE Global | 0.395 | 0.59 | Buy | DCF |
01/11/19 | Lim & Tan | CSE Global | 0.395 | 0 | Buy | |
01/15/19 | CIMB | CSE Global | 0.405 | 0.56 | Add | PER13.5x FY20 |
01/22/19 | Amfrasers | CSE Global | 0.43 | 0.57 | Buy | |
02/08/19 | UOB Kay Hian | CSE Global | 0.455 | 0.59 | Buy | |
02/22/19 | DMG & Partners | CSE Global | 0.465 | 0.6 | Buy | DCF |
02/22/19 | CIMB | CSE Global | 0.465 | 0.6 | Add | PER13.5x FY19 |
02/22/19 | UOB Kay Hian | CSE Global | 0.465 | 0.62 | Buy | |
03/05/19 | Amfrasers | CSE Global | 0.505 | 0.58 | Buy | |
03/26/19 | UOB Kay Hian | CSE Global | 0.54 | 0.62 | Buy | |
03/26/19 | DMG & Partners | CSE Global | 0.54 | 0.61 | Buy | DCF |
03/26/19 | CIMB | CSE Global | 0.54 | 0.6 | Add | |
04/02/19 | Lim & Tan | CSE Global | 0.545 | 0 | Buy |
Stock calls for 3 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/03/19 | DBS Vickers | ART | 1.2 | 1.35 | Buy | DCF |
05/03/19 | OCBC | Capitaland | 3.54 | 4.04 | Buy | |
05/03/19 | CIMB | Capitaland | 3.54 | 3.56 | Add | |
05/03/19 | CIMB | CDL Hospitality | 1.61 | 1.85 | Add | DDM |
05/03/19 | DMG & Partners | China Aviation Oil | 1.36 | 1.6 | Buy | |
05/03/19 | phillip | China Sunsine | 1.17 | 1.43 | Buy | FCFE |
05/03/19 | Jefferies | City Developments | 9 | 12 | Buy | PB0.84x |
05/03/19 | Kim Eng | Frasers Hospitality Trust | 0.745 | 0.85 | Buy | |
05/03/19 | DBS Vickers | Frasers Hospitality Trust | 0.745 | 0.77 | Hold | DCF |
05/03/19 | UOB Kay Hian | Japfa | 0.605 | 0.73 | Buy | Sum of parts |
05/03/19 | DBS Vickers | Japfa | 0.605 | 0.61 | Hold | Sum of parts (10% discount), PER14x FY19 |
05/03/19 | phillip | OCBC | 12.04 | 13.7 | Buy | |
05/03/19 | CIMB | OUE Hospitality | 0.72 | 0.85 | Add | |
05/03/19 | CIMB | Sembcorp Marine | 1.69 | 2.21 | Add | |
05/03/19 | phillip | UOB | 27.75 | 32.5 | Buy | |
05/03/19 | DMG & Partners | UOB | 27.75 | 30.8 | Buy | |
05/03/19 | DBS Vickers | UOB | 27.75 | 29.2 | Buy | |
05/03/19 | CIMB | UOB | 27.75 | 29 | Add | GGM |
05/03/19 | UOB Kay Hian | Venture | 17.4 | 19.01 | Hold | Buy @ $17 |
Thursday, May 2, 2019
New York Rhodium Group clears China for debt trap diplomacy.
https://www.smh.com.au/world/asia/data-doesn-t-support-belt-and-road-debt-trap-claims-20190502-p51jhx.html?ref=rss&utm_medium=rss&utm_source=rss_feed
The New York Rhodium group has vindicated China for using debt trap diplomacy because of the data that doesn't support the US proclamation.
This group has proven that the US is just doing fearmongering for its own political benefits.
The Australia National University senior lecturer also said that the debt trap diplomacy claim was never credible.
The US is a real trouble maker in this world!
The New York Rhodium group has vindicated China for using debt trap diplomacy because of the data that doesn't support the US proclamation.
This group has proven that the US is just doing fearmongering for its own political benefits.
The Australia National University senior lecturer also said that the debt trap diplomacy claim was never credible.
The US is a real trouble maker in this world!
Cromwell Reit (EUR) - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/15/19 | DBS Vickers | Cromwell Reit (EUR) | 0.49 | 0.59 | Buy | DCF |
Comfortdelgro - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/25/19 | DBS Vickers | Comfortdelgro | 2.24 | 2.56 | Buy | |
02/01/19 | CIMB | Comfortdelgro | 2.33 | 2.74 | Add | DCF |
02/08/19 | UOB Kay Hian | Comfortdelgro | 2.36 | 2.59 | Buy | PER16.8x FY19 |
02/08/19 | DBS Vickers | Comfortdelgro | 2.36 | 2.56 | Buy | |
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 | PER16.8x FY19 |
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 |
02/19/19 | Amfrasers | Comfortdelgro | 2.41 | 2.77 | Buy | PER19x FY19 |
03/04/19 | Kim Eng | Comfortdelgro | 2.43 | 2.45 | Hold | DCF |
03/08/19 | CIMB | Comfortdelgro | 2.41 | 2.74 | Add | DCF |
03/22/19 | UOB Kay Hian | Comfortdelgro | 2.54 | 2.77 | Buy | PER17.5x FY20 |
04/03/19 | DMG & Partners | Comfortdelgro | 2.59 | 2.65 | Take Profit | Buy below $2.50 |
04/16/19 | OCBC | Comfortdelgro | 2.63 | 2.63 | Hold | DCF |
04/30/19 | CIMB | Comfortdelgro | 2.69 | 2.88 | Add | DCF, PER18.1x FY20 |
CNMC - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/01/19 | phillip | CNMC | 0.225 | 0.31 | Buy | DCF |
03/12/19 | Tayrona | CNMC | 0.21 | 0.31 | Overweight |
Stock calls for 2 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/02/19 | Phillip | A-Reit | 3 | 2.88 | Neutral | |
05/02/19 | CIMB | A-Reit | 3 | 2.87 | Hold | DDM |
05/02/19 | DBS Vickers | A-Reit | 3 | 3.2 | Buy | DCF |
05/02/19 | OCBC | ART | 1.2 | 1.25 | Hold | |
05/02/19 | UOB Kay Hian | ART | 1.2 | 1.46 | Buy | |
05/02/19 | Phillip | Capitaland | 3.53 | 4 | Accumulate | RNAV (20% discount) |
05/02/19 | Lim & Tan | Capitaland | 3.53 | 0 | Hold | |
05/02/19 | DMG & Partners | CDL Hospitality | 1.6 | 1.77 | Buy | DDM |
05/02/19 | Kim Eng | CDL Hospitality | 1.6 | 1.8 | Buy | |
05/02/19 | OCBC | CDL Hospitality | 1.6 | 1.54 | Hold | |
05/02/19 | DBS Vickers | CDL Hospitality | 1.6 | 1.85 | Buy | |
05/02/19 | phillip | China Aviation Oil | 1.37 | 1.67 | Buy | PER11.5x FY20 |
05/02/19 | Amfrasers | DBS | 28.25 | 27.7 | Hold | |
05/02/19 | Jefferies | DBS | 28.25 | 31.5 | Buy | PER13.1x FY20 |
05/02/19 | CIMB | Frasers Logistics | 1.18 | 1.21 | Hold | DDM |
05/02/19 | DBS Vickers | Indofood Agri | 0.28 | 0.19 | Accept offer | offer price $0.28 |
05/02/19 | DBS Vickers | Jardine C&C | 35.52 | 39.1 | Buy | Sum of parts (16% discount) |
05/02/19 | Amfrasers | Keppel DC Reit | 1.51 | 1.62 | Buy | |
05/02/19 | DMG & Partners | Manulife US Reit | 0.87 | 0.96 | Buy | DDM |
05/02/19 | UOB Kay Hian | Mapletree Logistics | 1.48 | 1.39 | Hold | Buy @ $1.26 |
05/02/19 | OCBC | Mapletree North Asia | 1.36 | 1.4 | Hold | |
05/02/19 | DBS Vickers | Mapletree North Asia | 1.36 | 1.6 | Buy | DCF |
05/02/19 | Phillip | Micro-Mechanics | 1.63 | 1.63 | Neutral | PER15x FY20 |
05/02/19 | DMG & Partners | Moya Asia | 0.081 | 0.095 | Buy | |
05/02/19 | DBS Vickers | Oxley | 0.325 | 0.68 | Buy | |
05/02/19 | UOB Kay Hian | Parkway Life | 2.89 | 3.25 | Buy | |
05/02/19 | phillip | Raffles Medical | 1.08 | 1.09 | Neutral | DCF |
05/02/19 | DBS Vickers | Raffles Medical | 1.08 | 1.12 | Hold | Sum of parts |
05/02/19 | phillip | Sheng Siong | 1.03 | 1.3 | Buy | PER25x |
05/02/19 | UOB Kay Hian | Tianjin Zhongxin | 0.985 | 1.7 | Buy | |
05/02/19 | Lim & Tan | Venture | 16.97 | 0 | Buy on weakness | |
05/02/19 | UOB Kay Hian | Wilmar | 3.64 | 3.9 | Buy | |
05/02/19 | CIMB | Yangzijiang | 1.57 | 1.61 | Hold | Sum of parts |
05/02/19 | OCBC | Yangzijiang | 1.57 | 1.45 | Hold | Sum of parts |
05/02/19 | DBS Vickers | Yangzijiang | 1.57 | 1.82 | Buy | Sum of parts |
China has blocked Canadian porks.
https://sg.finance.yahoo.com/news/exclusive-canada-farm-minister-informed-beijing-blocked-two-231058707--finance.html
This Canadian pork blockage is not surprising as China will be importing more US porks under the China-US trade deal.
http://sg-stock.blogspot.com/2019/04/canada-is-just-plain-stupid.html
This Canadian pork blockage is not surprising as China will be importing more US porks under the China-US trade deal.
http://sg-stock.blogspot.com/2019/04/canada-is-just-plain-stupid.html
The US FED has stayed put but something is amiss.
https://finance.yahoo.com/news/fed-leaves-interest-rates-unchanged-181509741.html
The US FED has left the interest rates unchanged but something is amiss because the ioer (2.35% now) is being lowered and the effr is still rising (2.45% now).
http://sg-stock.blogspot.com/2019/04/will-us-fed-cut-interest-rate-in-may.html
The premium difference between the effr and ioer is showing that the monetary tightening has worsened as the money supply is still shrinking. In other words, the US Fed is still continuing its quantitative tapering discreetly.
The US FED has left the interest rates unchanged but something is amiss because the ioer (2.35% now) is being lowered and the effr is still rising (2.45% now).
http://sg-stock.blogspot.com/2019/04/will-us-fed-cut-interest-rate-in-may.html
The premium difference between the effr and ioer is showing that the monetary tightening has worsened as the money supply is still shrinking. In other words, the US Fed is still continuing its quantitative tapering discreetly.
US ISM Manufacturing PMI fell in April.
The ISM Manufacturing PMI in the US fell to 52.8 in April 2019 from 55.3 in March, below market expectations of 55. The latest reading pointed to the weakest growth in factory activity since October 2016, amid slower increases in new orders, production and employment.
A slowdown was seen in new orders (51.7 from 57.4 in March), production (52.3 from 55.8) and employment (52.4 from 57.5). Also, new export orders fell into contraction territory (49.5 from 51.7) and prices eased (50 from 54.3). Meanwhile, inventories (52.9 from 51.8), backlogs of orders (53.9 from 50.4), and supplier deliveries (54.6 from 54.2) rose at a faster pace.
The weak US April PMI will cause the next GDP number to weaken since the PMI is a leading indicator.
In our previous analysis above, we had expected the employment sub-index to fall and the April PMI vindicated our view.
The weak PMI will force the US to strike a China-US trade deal as soon as possible or else the US economy will deteriorate quickly.
Wednesday, May 1, 2019
Omg! Trump wants the Fed to cut the rate by 1%.
https://finance.yahoo.com/news/trump-quantitative-tightening-fed-fomc-balance-sheet-tweet-222837013.html
This is ridiculous unless the US economy is in the danger of collapsing. Is Trump privy to some economic information that is unavailable to the public and it is telling him that the US economy is collapsing? or the US has been fudging its economic data?
We still believe that the US Fed will not cut the rate on 1 May 2019.
http://sg-stock.blogspot.com/2019/04/will-us-fed-cut-interest-rate-in-may.html
This is ridiculous unless the US economy is in the danger of collapsing. Is Trump privy to some economic information that is unavailable to the public and it is telling him that the US economy is collapsing? or the US has been fudging its economic data?
We still believe that the US Fed will not cut the rate on 1 May 2019.
http://sg-stock.blogspot.com/2019/04/will-us-fed-cut-interest-rate-in-may.html
Tuesday, April 30, 2019
Clearbridge - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
04/01/19 | phillip | Clearbridge | 0.142 | 0.28 | Buy | DCF |
City Developments - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/19 | Lim & Tan | City Developments | 7.94 | 0 | Buy | |
01/17/19 | CIMB | City Developments | 8.85 | 10.65 | Add | RNAV (35% discount) |
02/11/19 | Jefferies | City Developments | 9.16 | 12 | Buy | |
02/22/19 | phillip | City Developments | 9.54 | 11.82 | Accumulate | RNAV (30% discount) |
02/22/19 | OCBC | City Developments | 9.54 | 10.68 | Buy | |
02/22/19 | DMG & Partners | City Developments | 9.54 | 9.2 | Neutral | RNAV (40% discount) |
02/22/19 | DBS Vickers | City Developments | 9.54 | 9.5 | Hold | RNAV (40% discount) |
02/22/19 | CIMB | City Developments | 9.54 | 10.66 | Add | |
03/21/19 | Lim & Tan | City Developments | 9.02 | 0 | Buy | |
03/26/19 | CIMB | City Developments | 8.87 | 10.66 | Add | |
04/04/19 | DMG & Partners | City Developments | 9.31 | 9.2 | Neutral | |
04/17/19 | OCBC | City Developments | 9.32 | 10.68 | Buy |
Chip Eng Seng - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/17/19 | DBS Vickers | Chip Eng Seng | 0.705 | 0.75 | Hold |
Stock calls for 30 April 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
04/30/19 | Kim Eng | A-Reit | 3.01 | 3.2 | Buy | DDM |
04/30/19 | OCBC | A-Reit | 3.01 | 2.74 | Hold | |
04/30/19 | DMG & Partners | A-Reit | 3.01 | 2.9 | Neutral | DDM |
04/30/19 | CIMB | Comfortdelgro | 2.69 | 2.88 | Add | DCF, PER18.1x FY20 |
04/30/19 | Macquarie | DBS | 28.4 | 27 | Neutral | |
04/30/19 | phillip | DBS | 28.4 | 29 | Accumulate | GGM, PB1.5x FY19 |
04/30/19 | OCBC | DBS | 28.4 | 29.18 | Hold | Buy @ $27.50 or lower |
04/30/19 | CIMB | DBS | 28.4 | 30 | Add | GGM, PB1.54x |
04/30/19 | DMG & Partners | DBS | 28.4 | 30.8 | Buy | PB1.5x FY20 |
04/30/19 | Lim & Tan | DBS | 28.4 | 30 | Hold | |
04/30/19 | OCBC | Frasers Logistics | 1.18 | 1.2 | Hold | |
04/30/19 | OCBC | Hutchison Port | 0.24 | 0.22 | Hold | |
04/30/19 | DBS Vickers | Hutchison Port | 0.24 | 0.26 | Hold | |
04/30/19 | DBS Vickers | Ifast Corp | 1.12 | 1.05 | Hold | DDM |
04/30/19 | Amfrasers | Manulife US Reit | 0.88 | 0.97 | Buy | DDM |
04/30/19 | OCBC | Mapletree Logistics | 1.47 | 1.38 | Hold | |
04/30/19 | DMG & Partners | Raffles Medical | 1.07 | 1.02 | Neutral | |
04/30/19 | DMG & Partners | Sheng Siong | 1.04 | 1.23 | Buy | DCF & PER21x |
04/30/19 | CIMB | Sheng Siong | 1.04 | 1.1 | Hold | PER20.5x CY20 |
04/30/19 | Amfrasers | Sheng Siong | 1.04 | 1.24 | Buy | DCF |
04/30/19 | UOB Kay Hian | Starhill | 0.755 | 0.9 | Buy | DDM |
Will the US Fed cut the interest rate in May 2019?
https://finance.yahoo.com/news/fed-may-end-seeing-1995-190000337.html
Some people are hoping and predicting a fed rate cut in May 2019 but I don't share the same sentiment as them because the EFFR has been rising to 2.44% now.
http://sg-stock.blogspot.com/2019/04/whats-happening-to-usd-now-why-is-it.html
When the EFFR(2.44%) is greater than IOER(2.4%), it becomes a monetary tightening situation because the excess funds are moving into EFFR which are usually used to invest in treasuries. Therefore, there is lesser money available in commercial markets like mortgage and commercial loans. This is the rationale behind the rise in USD as the money supply is shrinking.
If the US Fed were to cut the interest rate, it would cause the USD to depreciate and that would contradict the rise in EFFR which was causing the rise in USD. By cutting the rate now will send a bewildering signal to the market and also highlighting the contradictory stances between the US Fed and Trump. This will also send a signal that Trump has intervened in the independent Fed again which is bad for the US economy.
Some people are hoping and predicting a fed rate cut in May 2019 but I don't share the same sentiment as them because the EFFR has been rising to 2.44% now.
http://sg-stock.blogspot.com/2019/04/whats-happening-to-usd-now-why-is-it.html
When the EFFR(2.44%) is greater than IOER(2.4%), it becomes a monetary tightening situation because the excess funds are moving into EFFR which are usually used to invest in treasuries. Therefore, there is lesser money available in commercial markets like mortgage and commercial loans. This is the rationale behind the rise in USD as the money supply is shrinking.
If the US Fed were to cut the interest rate, it would cause the USD to depreciate and that would contradict the rise in EFFR which was causing the rise in USD. By cutting the rate now will send a bewildering signal to the market and also highlighting the contradictory stances between the US Fed and Trump. This will also send a signal that Trump has intervened in the independent Fed again which is bad for the US economy.
Monday, April 29, 2019
Canada is just plain stupid.
https://www.channelnewsasia.com/news/business/canadian-farm-exports-run-into-chinese-wall-amid-diplomatic-dispute-11487824
When China buys more from the US, it has to cut back from other countries especially from unfriendly ones like Canada.
http://sg-stock.blogspot.com/2019/04/many-countries-are-fearful-of-upcoming.html
We've stated this in our previous post above.
When China buys more from the US, it has to cut back from other countries especially from unfriendly ones like Canada.
http://sg-stock.blogspot.com/2019/04/many-countries-are-fearful-of-upcoming.html
We've stated this in our previous post above.
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