Date | Analyst | Company | Last | Target | Call | Valuation |
03/01/19 | DBS Vickers | Indofood Agri | 0.2 | 0.19 | Hold | DCF |
04/12/19 | DBS Vickers | Indofood Agri | 0.28 | 0.19 | Accept offer | offer price $0.28 |
05/02/19 | DBS Vickers | Indofood Agri | 0.28 | 0.19 | Accept offer | offer price $0.28 |
Friday, May 24, 2019
Indofood Agri - Stock calls
Stock calls for 24 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/24/19 | UOB Kay Hian | Bumitama | 0.69 | 0.81 | Hold | |
05/24/19 | DMG & Partners | F & N | 1.73 | 3.53 | Not Rated | Sum of parts |
05/24/19 | Phillip | Frasers Centrepoint Trust | 2.44 | 2.36 | Neutral | |
05/24/19 | phillip | Golden Energy | 0.198 | 0.24 | Accumulate | PER10x |
Omg! The US risk-free rate is at 2.31% now.
The 10-year treasury yield is at 2.31% and is below the Ioer (2.35%). The US banks with excess cash won't invest in the 10y treasury now because the Ioer return is better.
https://sg-stock.blogspot.com/2019/05/will-us-fed-reduce-its-interest-rates.html
The US economic situation is getting dicey now.
https://sg-stock.blogspot.com/2019/05/will-us-fed-reduce-its-interest-rates.html
The US economic situation is getting dicey now.
Will the US Fed reduce its interest rates because of the trade war?
Let's check out the 4 interest rates (IR) in May vs April.
http://sg-stock.blogspot.com/2019/04/whats-happening-to-usd-now-why-is-it.html
Iorr: 2.35% (May) vs 2.4% (April)
Effr: 2.38% (May) vs 2.44% (April)
Ioer: 2.35% (May) vs 2.4% (April)
On RRP: 2.25% (April) vs 2.25% (May)
Effr: 2.38%
Ioer: 2.35%
The spread between Effr & Ioer is shrinking which denotes that the monetary tightening condition is starting to ease. The Iorr, Effr and Ioer have decreased in May, and the declines in IR show that the US Fed is willing to consider interest rate cuts if the economic situation deteriorates further.
http://sg-stock.blogspot.com/2019/04/whats-happening-to-usd-now-why-is-it.html
Iorr: 2.35% (May) vs 2.4% (April)
Effr: 2.38% (May) vs 2.44% (April)
Ioer: 2.35% (May) vs 2.4% (April)
On RRP: 2.25% (April) vs 2.25% (May)
Effr: 2.38%
Ioer: 2.35%
The spread between Effr & Ioer is shrinking which denotes that the monetary tightening condition is starting to ease. The Iorr, Effr and Ioer have decreased in May, and the declines in IR show that the US Fed is willing to consider interest rate cuts if the economic situation deteriorates further.
Thursday, May 23, 2019
The US is pressurising South Korea again after THAAD.
https://www.channelnewsasia.com/news/business/huawei-south-korea-lg-security-risks-11557438
South Korea is facing intense pressure from the US again after THAAD installation. If SK bans Huawei, it will antagonize China again. SK is in no economic condition to do this again because its exports are declining rapidly due to the US-China trade war.
https://www.bloomberg.com/news/articles/2019-05-21/south-korea-faces-greater-export-pain-as-trade-tensions-escalate
South Korea is facing intense pressure from the US again after THAAD installation. If SK bans Huawei, it will antagonize China again. SK is in no economic condition to do this again because its exports are declining rapidly due to the US-China trade war.
https://www.bloomberg.com/news/articles/2019-05-21/south-korea-faces-greater-export-pain-as-trade-tensions-escalate
IHH Healthcare - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/17/19 | Kim Eng | IHH Healthcare | 1.86 | 2.13 | Buy | Sum of parts, Ringgit $6.45 target price |
03/01/19 | Kim Eng | IHH Healthcare | 1.85 | 2.29 | Buy | Sum of parts, Ringgit $6.90 target |
IFS Capital - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/15/19 | Amfrasers | IFS Capital | 0.225 | 0.29 | Buy | PB0.7x FY18 |
Ifast Corp - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/21/19 | DBS Vickers | Ifast Corp | 1.11 | 1.19 | Hold | DDM |
04/30/19 | DBS Vickers | Ifast Corp | 1.12 | 1.05 | Hold | DDM |
Stock calls for 23 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/23/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.41 | 2.71 | Buy | |
05/23/19 | CIMB | ISDN | 0.215 | 0.32 | Add | PER10x CY20 |
05/23/19 | DMG & Partners | Japan Foods | 0.44 | 0.4 | Hold | |
05/23/19 | Lim & Tan | Stamford Land | 0.49 | 0 | Hold |
Wednesday, May 22, 2019
President Xi has hardened his stance in the US-China trade war.
https://www.scmp.com/economy/china-economy/article/3011186/xi-jinping-calls-new-long-march-dramatic-sign-china-preparing
President Xi has hardened his stance by rallying his nation for the new long march. This is a dramatic sign that China won't relent in the US-China trade war and won't sign any humiliating trade deal. This is significantly different from the previous meek stance put up by the Chinese.
Thus, the US can forget about bulldozing its way into China now. The US-China trade talk has broken down officially now.
President Xi has hardened his stance by rallying his nation for the new long march. This is a dramatic sign that China won't relent in the US-China trade war and won't sign any humiliating trade deal. This is significantly different from the previous meek stance put up by the Chinese.
Thus, the US can forget about bulldozing its way into China now. The US-China trade talk has broken down officially now.
Will SIA seek compensation from Boeing?
https://sg.finance.yahoo.com/news/air-china-asks-boeing-compensation-041331381.html
Does SIA dare to seek compensation from Boeing for its business losses?
It will reflect badly on SIA as a public listed company when other airliners can seek compensations from Boeing.
Does SIA dare to seek compensation from Boeing for its business losses?
It will reflect badly on SIA as a public listed company when other airliners can seek compensations from Boeing.
Hutchison Port - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/13/19 | OCBC | Hutchison Port | 0.26 | 0.22 | Sell | |
02/13/19 | DBS Vickers | Hutchison Port | 0.26 | 0.26 | Hold | DCF |
02/25/19 | OCBC | Hutchison Port | 0.235 | 0.22 | Hold | |
04/30/19 | OCBC | Hutchison Port | 0.24 | 0.22 | Hold | |
04/30/19 | DBS Vickers | Hutchison Port | 0.24 | 0.26 | Hold |
HRnetGroup - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/19 | DMG & Partners | HRnetGroup | 0.8 | 1.18 | Buy | DCF |
02/25/19 | DMG & Partners | HRnetGroup | 0.795 | 1.06 | Buy | DCF |
02/26/19 | DBS Vickers | HRnetGroup | 0.8 | 1.05 | Buy | PER15x FY19, ex-cash |
03/13/19 | DMG & Partners | HRnetGroup | 0.79 | 1.06 | Buy | |
03/26/19 | CIMB | HRnetGroup | 0.765 | 1.03 | Add | |
05/07/19 | DMG & Partners | HRnetGroup | 0.77 | 1.06 | Buy | DCF |
05/13/19 | DMG & Partners | HRnetGroup | 0.77 | 0.94 | Buy | DCF |
05/14/19 | DBS Vickers | HRnetGroup | 0.76 | 0.85 | Hold | PER16x FY19, ex-cash |
Hotel Properties (HPL) - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/27/19 | Lim & Tan | Hotel Properties | 3.76 | 0 | Hold | |
04/17/19 | OCBC | Hotel Properties | 3.88 | 4.74 | Buy |
Stock calls for 22 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/22/19 | phillip | Banyan Tree | 0.535 | 0.76 | Accumulate | Sum of parts, PB0.7x FY19 |
05/22/19 | phillip | CNMC | 0.2 | 0.31 | Buy | DCF |
05/22/19 | CIMB | DBS | 25.74 | 27.64 | Hold | |
05/22/19 | Kim Eng | DBS | 25.74 | 29.46 | Buy | |
05/22/19 | Amfrasers | Japan Foods | 0.44 | 0.55 | Neutral | DCF |
05/22/19 | Kim Eng | OCBC | 11.09 | 11.07 | Hold | |
05/22/19 | DMG & Partners | ST Engineering | 3.96 | 4.45 | Buy | DCF & PER20.5x FY20 & PB5.5x FY20 & EV/Ebitda11x FY20 |
05/22/19 | Kim Eng | UOB | 24.83 | 28.97 | Buy |
China mother and daughter created a raucous at Bangkok airport
https://www.dailymail.co.uk/news/article-7031753/Air-passenger-prevents-plane-leaving-wait-shopaholic-daughter.html
There is a reason for a social credit standing in China even though it is very invasive on the Chinese. It is a good way for the communist government to control its citizens' unruly behaviours onshore and offshore. We cannot blame the Chinese government for the pervasive public surveillance by using the social credit record system. It will ban any unpleasant and undesirable citizens from taking public transportations such as HSR and Airliners in China to obtaining banking services.
These 2 ladies' behaviours will definitely lower their social credit ratings in China and will have difficulties flying overseas again after such a big hoo-ha.
There is a reason for a social credit standing in China even though it is very invasive on the Chinese. It is a good way for the communist government to control its citizens' unruly behaviours onshore and offshore. We cannot blame the Chinese government for the pervasive public surveillance by using the social credit record system. It will ban any unpleasant and undesirable citizens from taking public transportations such as HSR and Airliners in China to obtaining banking services.
These 2 ladies' behaviours will definitely lower their social credit ratings in China and will have difficulties flying overseas again after such a big hoo-ha.
Japan trade surplus fell 90% because of China.
https://www.marketwatch.com/story/japans-exports-fall-for-fifth-straight-month-2019-05-21
Japan trade surplus fell 90% with just a 6.3% drop in China shipments. This shows that Japan is highly dependent on China's growth.
Tommy Koh wanted SG to be dependent on Japan instead of China. Does this make any sense at all?
https://sg-stock.blogspot.com/2019/03/tommy-koh-has-anti-china-mindset-and.html
Why does SG need to depend on Japan when SG can go directly to China?
Japan trade surplus fell 90% with just a 6.3% drop in China shipments. This shows that Japan is highly dependent on China's growth.
Tommy Koh wanted SG to be dependent on Japan instead of China. Does this make any sense at all?
https://sg-stock.blogspot.com/2019/03/tommy-koh-has-anti-china-mindset-and.html
Why does SG need to depend on Japan when SG can go directly to China?
Anti-US sentiment is simmering in China now.
https://sg.finance.yahoo.com/news/chinese-social-media-users-rallying-032803080.html
If the anti-US sentiment is left unchecked, it will bite the US products and services really hard.
I must say that the communist government's campaign is working effectively.
https://sg-stock.blogspot.com/2019/05/china-is-stirring-up-anti-us-sentiment.html
If the anti-US sentiment is left unchecked, it will bite the US products and services really hard.
I must say that the communist government's campaign is working effectively.
https://sg-stock.blogspot.com/2019/05/china-is-stirring-up-anti-us-sentiment.html
China will ban rare earth exports to US if US continues to bully China.
https://www.bloomberg.com/news/articles/2019-05-20/xi-s-trip-to-rare-earths-plant-stokes-talk-of-trade-retaliation
Currently, China produces more than 90% of the rare earth supply and this gives China the monopolistic power.
Rare earth materials are used in many electronic applications, batteries and military weapons. Without rare earths, the US modern industries including defense contractors will suffer greatly.
The US will have to bow to China if China is to ban rare earth exports to the US. It is not easy to find replacements for rare earth suppliers because the production process is highly toxic.
Currently, China produces more than 90% of the rare earth supply and this gives China the monopolistic power.
Rare earth materials are used in many electronic applications, batteries and military weapons. Without rare earths, the US modern industries including defense contractors will suffer greatly.
The US will have to bow to China if China is to ban rare earth exports to the US. It is not easy to find replacements for rare earth suppliers because the production process is highly toxic.
Tuesday, May 21, 2019
Hongkong Land - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/17/19 | DBS Vickers | Hongkong Land | 6.92 | 7.86 | Buy | |
03/01/19 | DBS Vickers | Hongkong Land | 6.77 | 8.02 | Buy | RNAV (40% discount) |
05/10/19 | DBS Vickers | Hongkong Land | 6.97 | 8.02 | Buy |
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