Date | Analyst | Company | Last | Target | Call | Valuation |
02/01/19 | Kim Eng | Frasers Hospitality Trust | 0.735 | 0.8 | Buy | DDM |
02/01/19 | DBS Vickers | Frasers Hospitality Trust | 0.735 | 0.78 | Buy | |
02/04/19 | UOB Kay Hian | Frasers Hospitality Trust | 0.74 | 0.82 | Buy | |
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 |
Monday, May 13, 2019
Frasers Hospitality Trust - Stock calls
Stock calls for 13 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/13/19 | UOB Kay Hian | CapitaCommercial | 1.9 | 2.16 | Buy | |
05/13/19 | UOB Kay Hian | DBS | 26.55 | 30.5 | Buy | |
05/13/19 | Citibank | DBS | 26.55 | 27 | Neutral | |
05/13/19 | DMG & Partners | HRnetGroup | 0.77 | 0.94 | Buy | DCF |
05/13/19 | CIMB | Jadason | 0.038 | 0.059 | Add | PB1x CY19 |
05/13/19 | Macquarie | OCBC | 11.39 | 13 | Outperform | |
05/13/19 | phillip | OCBC | 11.39 | 12.68 | Accumulate | GGM, PB1.3x FY19 |
05/13/19 | UOB Kay Hian | OCBC | 11.39 | 14.62 | Buy | PB1.42x FY19 |
05/13/19 | CIMB | OCBC | 11.39 | 12.59 | Hold | GGM, PB1.26x |
05/13/19 | DBS Vickers | Perennial Reit | 0.64 | 0.83 | Buy | RNAV (55% discount) |
05/13/19 | UOB Kay Hian | SATS | 5.27 | 5.6 | Buy | |
05/13/19 | UOB Kay Hian | SPH | 2.39 | 2.86 | Buy | |
05/13/19 | UOB Kay Hian | ST Engineering | 4.02 | 4.7 | Buy | |
05/13/19 | Phillip | Thai Beverage | 0.825 | 0.83 | Neutral | Sum of parts |
05/13/19 | CIMB | Thai Beverage | 0.825 | 0.94 | Add | |
05/13/19 | UOB Kay Hian | Thai Beverage | 0.825 | 0.85 | Hold | Sum of parts |
05/13/19 | DMG & Partners | Thai Beverage | 0.825 | 0.92 | Buy | Sum of parts |
05/13/19 | OCBC | Thai Beverage | 0.825 | 0.88 | Hold | |
05/13/19 | Lim & Tan | UOL | 7.26 | 0 | Buy | |
05/13/19 | CIMB | UOL | 7.26 | 8.45 | Add | RNAV (30% discount) |
05/13/19 | OCBC | UOL | 7.26 | 8.5 | Buy | |
05/13/19 | DMG & Partners | Wilmar | 3.51 | 3.8 | Buy | Sum of parts |
05/13/19 | DBS Vickers | Wilmar | 3.51 | 3.86 | Buy | DCF, PER15.6x FY19 |
Best world didn't give a full disclosure on the relationship with its primary China agent.
https://sg.finance.yahoo.com/news/best-world-admits-owner-china-223032614.html
Why did Best World hide this clandestine relationship?
This incident gave Best World a very bad impression as it was forced to admit the relationship by SGX. This saga also strengthened the Bonitas research's report that Best World was fudging its books.
http://sg-stock.blogspot.com/2019/05/bonitas-research-best-world-is-fraud.html
Why did Best World hide this clandestine relationship?
This incident gave Best World a very bad impression as it was forced to admit the relationship by SGX. This saga also strengthened the Bonitas research's report that Best World was fudging its books.
http://sg-stock.blogspot.com/2019/05/bonitas-research-best-world-is-fraud.html
Saturday, May 11, 2019
China is brilliant to be hush-hush about its retaliatory US tariffs.
China didn't respond immediately with its retaliatory US tariffs on Friday. This is not a piece of good news for the US markets because it keeps the investors edgy since the retaliatory US tariffs will come anytime. Who will dare to buy stocks when the retaliatory US tariffs will come anytime.
Baltic dry index - 1013
Today, Friday, May 10 2019, the Baltic Dry Index climbed by 39 points, reaching 1013 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.
================
Related stock: Sembcorp Marine, Cosco & Pan ocean.
US rig count - 988
The U.S. dropped two oil rigs this week, according to weekly data from Baker Hughes, a GE Company.
The gas rig count remained flat this week, making the nation’s overall total rig count 988. This is 57 fewer rigs than one year ago when the rig count was 1,045.
New Mexico led all states in rig declines, posting a loss of four this week. Wyoming dropped two rigs while Louisiana and North Dakota dropped one rig apiece.
California added three rigs this week, while Oklahoma added two and Pennsylvania and Texas added one rig apiece.
Among the major basins, the Marcellus and the Cana Woodford saw an increase of two rigs and one rig, respectively.
The Permian Basin lost two rigs this week, bringing the number of active rigs in that basin to 457. The Permian currently accounts for more than half of the nation’s total rig count.
The DJ-Niobrara, Utica and Williston all dropped one rig apiece.
==================
Related stock: Keppe Corp, Sembcorp Marine & Cosco.
Friday, May 10, 2019
Frasers Commercial Trust - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/18/19 | DBS Vickers | Frasers Commercial Trust | 1.47 | 1.7 | Buy | |
01/21/19 | OCBC | Frasers Commercial Trust | 1.45 | 1.56 | Buy | |
01/21/19 | CIMB | Frasers Commercial Trust | 1.45 | 1.5 | Hold | DDM |
01/21/19 | Lim & Tan | Frasers Commercial Trust | 1.45 | 0 | Hold | |
03/18/19 | DMG & Partners | Frasers Commercial Trust | 1.47 | 1.5 | Neutral | |
04/08/19 | DBS Vickers | Frasers Commercial Trust | 1.47 | 1.7 | 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 |
Frasers Centrepoint Trust - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/17/19 | Kim Eng | Frasers Centrepoint Trust | 2.27 | 2.55 | Buy | DDM |
01/22/19 | Lim & Tan | Frasers Centrepoint Trust | 2.26 | 0 | Hold | |
01/22/19 | OCBC | Frasers Centrepoint Trust | 2.26 | 2.5 | Buy | |
01/23/19 | Phillip | Frasers Centrepoint Trust | 2.27 | 2.21 | Neutral | DDM, PB1.09x FY19 |
01/23/19 | DBS Vickers | Frasers Centrepoint Trust | 2.27 | 2.4 | Buy | |
01/28/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.29 | 2.32 | Buy | |
01/28/19 | CIMB | Frasers Centrepoint Trust | 2.29 | 2.35 | Add | DDM |
02/15/19 | Phillip | Frasers Centrepoint Trust | 2.24 | 2.21 | Neutral | |
02/28/19 | Kim Eng | Frasers Centrepoint Trust | 2.3 | 2.55 | Buy | |
03/01/19 | OCBC | Frasers Centrepoint Trust | 2.29 | 2.5 | Buy | |
03/01/19 | DBS Vickers | Frasers Centrepoint Trust | 2.29 | 2.4 | Buy | DCF |
03/14/19 | DBS Vickers | Frasers Centrepoint Trust | 2.26 | 2.6 | Buy | |
03/18/19 | DMG & Partners | Frasers Centrepoint Trust | 2.28 | 2.19 | Neutral | |
04/03/19 | DBS Vickers | Frasers Centrepoint Trust | 2.38 | 2.6 | Buy | |
04/04/19 | Kim Eng | Frasers Centrepoint Trust | 2.36 | 2.6 | Buy | |
04/24/19 | Lim & Tan | Frasers Centrepoint Trust | 2.36 | 0 | 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 |
04/26/19 | Phillip | Frasers Centrepoint Trust | 2.37 | 2.31 | Neutral | DDM |
Fortune Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/29/19 | DBS Vickers | Fortune Reit | 9.7 | 10.68 | Buy |
Stock calls for 10 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/10/19 | DBS Vickers | Frencken | 0.615 | 0.75 | Buy | PER8.5x FY19/20 |
05/10/19 | Lim & Tan | Frencken | 0.615 | 0 | Buy | |
05/10/19 | CIMB | Frencken | 0.615 | 0.9 | Add | |
05/10/19 | UOB Kay Hian | Fu Yu | 0.205 | 0.285 | Buy | |
05/10/19 | Lim & Tan | Fu Yu | 0.205 | 0 | Buy | |
05/10/19 | Kim Eng | Genting | 0.95 | 1.04 | Hold | |
05/10/19 | OCBC | Genting | 0.95 | 1.23 | Buy | |
05/10/19 | DMG & Partners | Genting | 0.95 | 1.02 | Neutral | DCF |
05/10/19 | CIMB | Genting | 0.95 | 1.06 | Add | EV/Ebitda8x FY20 |
05/10/19 | UOB Kay Hian | Genting | 0.95 | 1.26 | Buy | |
05/10/19 | DBS Vickers | Genting | 0.95 | 1.2 | Buy | |
05/10/19 | DBS Vickers | Hongkong Land | 6.97 | 8.02 | Buy | |
05/10/19 | DMG & Partners | OCBC | 11.31 | 12.2 | Neutral | |
05/10/19 | CIMB | OCBC | 11.31 | 12 | Hold | |
05/10/19 | CIMB | OUE Commercial | 0.5 | 0.57 | Hold | |
05/10/19 | DBS Vickers | Roxy-Pacific | 0.405 | 0.39 | Hold | RNAV (55% discount) |
05/10/19 | UOB Kay Hian | Singapore Medical | 0.445 | 0.62 | Buy | |
05/10/19 | DMG & Partners | Singapore Medical | 0.445 | 0.48 | Neutral | DCF |
US tariffs against China have taken effect!
https://sg.finance.yahoo.com/news/us-tariff-increase-200b-chinese-040333406.html
Let's see how China will retaliate after the US$200b tariffs.
Many analysts and economists had said that China had nothing more to tax but they're dead wrong. Why?
China can make up the shortfalls by increasing the tariffs on already taxed US goods and this is unlimited. Tariffs can go up to 1,000% or higher until the US goods cannot be sold in China anymore.
It will be interesting to see what will happen when the US & China don't trade with each other.
Let's see how China will retaliate after the US$200b tariffs.
Many analysts and economists had said that China had nothing more to tax but they're dead wrong. Why?
China can make up the shortfalls by increasing the tariffs on already taxed US goods and this is unlimited. Tariffs can go up to 1,000% or higher until the US goods cannot be sold in China anymore.
It will be interesting to see what will happen when the US & China don't trade with each other.
Thursday, May 9, 2019
India is fudging its own economic data.
https://www.channelnewsasia.com/news/business/india-s-incredulous-data--economists-create-own-benchmarks-11517966
India is fudging its own economic data.
Hahaha! Why am I not surprised?
India is fudging its own economic data.
Hahaha! Why am I not surprised?
Food Empire - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/04/19 | DMG & Partners | Food Empire | 0.58 | 0.69 | Buy | |
04/05/19 | DMG & Partners | Food Empire | 0.56 | 0.69 | Buy |
First Sponsor - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/22/19 | DBS Vickers | First Sponsor | 1.27 | 1.62 | Buy | RNAV (35% discount) |
First Resources - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/03/19 | UOB Kay Hian | First Resources | 1.56 | 1.6 | Hold | |
02/20/19 | UOB Kay Hian | First Resources | 1.72 | 1.85 | Hold | PER13x FY19, Buy @ $1.65 |
02/21/19 | Kim Eng | First Resources | 1.69 | 2.1 | Buy | |
03/01/19 | Kim Eng | First Resources | 1.71 | 2.03 | Buy | PER17x |
03/04/19 | DMG & Partners | First Resources | 1.72 | 1.6 | Neutral | PER13x FY19 |
03/04/19 | DBS Vickers | First Resources | 1.72 | 1.97 | Buy | DCF |
03/05/19 | CIMB | First Resources | 1.7 | 2.12 | Add | |
03/12/19 | UOB Kay Hian | First Resources | 1.69 | 1.85 | Hold | Buy @ $1.65 |
04/09/19 | CIMB | First Resources | 1.79 | 2.12 | Add | |
04/22/19 | UOB Kay Hian | First Resources | 1.85 | 1.85 | Hold | |
05/06/19 | Kim Eng | First Resources | 1.82 | 2.03 | Buy | PER17x FY19 |
05/09/19 | UOB Kay Hian | First Resources | 1.79 | 1.85 | Hold | PER13x FY19, Buy @ $1.65 |
Stock calls for 9 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/09/19 | Kim Eng | AEM | 1.05 | 1.4 | Buy | |
05/09/19 | UOB Kay Hian | CSE Global | 0.485 | 0.62 | Buy | |
05/09/19 | UOB Kay Hian | First Resources | 1.79 | 1.85 | Hold | PER13x FY19, Buy @ $1.65 |
05/09/19 | DMG & Partners | Frencken | 0.615 | 0.82 | Buy | DCF |
05/09/19 | DMG & Partners | Kimly | 0.245 | 0.23 | Neutral | DCF |
05/09/19 | UOB Kay Hian | Koufu | 0.75 | 0.95 | Buy | |
05/09/19 | DBS Vickers | Netlink | 0.82 | 0.87 | Buy | |
05/09/19 | OCBC | Roxy-Pacific | 0.405 | 0.41 | Hold | |
05/09/19 | UOB Kay Hian | Singapore Post | 0.99 | 1.06 | Hold | Buy @ $0.95 |
05/09/19 | DBS Vickers | Singtel | 3.11 | 3.55 | Buy | |
05/09/19 | UOB Kay Hian | Sunningdale | 1.32 | 1.22 | Hold | PER11x FY20, Buy @ $1.10 |
05/09/19 | CIMB | Sunningdale | 1.32 | 1.38 | Hold | PB0.69x FY19 |
Bonitas Research: Best World is a fraud! - Part 2
|
|
China's CPI has risen to 6-month high.
https://sg.finance.yahoo.com/news/chinas-factory-gate-inflation-hits-four-month-high-025321639--business.html
China CPI is at 2.5% in April, a 6-month high.
This is not unexpected as we've expected CPI to rise in China in our previous post.
https://sg-stock.blogspot.com/2019/03/global-inflation-or-deflation.html
US-China trade tariffs will also contribute to higher CPI in the 2nd half of 2019 in the US & China.
We need to understand the chain of events in a real economy, starting with the CPI below.
CPI/PPI ----->> M1-M2 spread/3m-10y yield spread ----->> PMI ----->> GDP
https://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html
China CPI is at 2.5% in April, a 6-month high.
This is not unexpected as we've expected CPI to rise in China in our previous post.
https://sg-stock.blogspot.com/2019/03/global-inflation-or-deflation.html
US-China trade tariffs will also contribute to higher CPI in the 2nd half of 2019 in the US & China.
We need to understand the chain of events in a real economy, starting with the CPI below.
CPI/PPI ----->> M1-M2 spread/3m-10y yield spread ----->> PMI ----->> GDP
https://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html
Wednesday, May 8, 2019
First Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/16/19 | phillip | First Reit | 1.04 | 0.88 | Neutral | DDM |
01/17/19 | Lim & Tan | First Reit | 1.03 | 0 | Neutral | |
01/18/19 | OCBC | First Reit | 1.01 | 0.97 | Hold | |
01/18/19 | CIMB | First Reit | 1.01 | 1.2 | Add | DDM |
02/11/19 | OCBC | First Reit | 1.14 | 0.97 | Sell | |
04/11/19 | CIMB | First Reit | 0.99 | 1.2 | Add | DDM |
Far East Hospitality - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/16/19 | OCBC | Far East Hospitality | 0.625 | 0.675 | Buy | |
02/07/19 | OCBC | Far East Hospitality | 0.66 | 0.675 | Buy | |
02/13/19 | Lim & Tan | Far East Hospitality | 0.64 | 0 | Buy | |
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 | |
04/15/19 | OCBC | Far East Hospitality | 0.685 | 0.68 | Hold | |
04/26/19 | OCBC | Far East Hospitality | 0.66 | 0.67 | Hold | |
04/26/19 | DBS Vickers | Far East Hospitality | 0.66 | 0.7 | Buy | |
04/29/19 | CIMB | Far East Hospitality | 0.665 | 0.71 | Add | |
04/29/19 | Kim Eng | Far East Hospitality | 0.665 | 0.8 | Buy |
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