Date | Analyst | Company | Last | Target | Call | Valuation |
01/25/19 | DBS Vickers | Fortune Reit | 9.8 | 10.68 | Buy | |
01/29/19 | DBS Vickers | Fortune Reit | 9.7 | 10.76 | Buy | |
03/06/19 | DBS Vickers | Fortune Reit | 9.8 | 10.76 | Buy | |
06/21/19 | DBS Vickers | Fortune Reit | 10.66 | 11.8 | Buy | DDM |
Friday, August 2, 2019
Fortune Reit - Stock calls
Stock calls for 2 August 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
08/02/19 | Phillip | A-Reit | 3.04 | 3.31 | Accumulate | DDM |
08/02/19 | DIR | ART | 1.32 | 1.34 | Outperform | |
08/02/19 | Kim Eng | ART | 1.32 | 1.3 | Hold | |
08/02/19 | Phillip | ART | 1.32 | 1.36 | Accumulate | DDM |
08/02/19 | DBS Vickers | Breadtalk | 0.715 | 0.77 | Hold | Sum of parts |
08/02/19 | Amfrasers | CapitaRetail China | 1.55 | 1.68 | Outperform | |
08/02/19 | DBS Vickers | Dairy Farm | 7.38 | 7.99 | Hold | |
08/02/19 | Lim & Tan | Hock Lian Seng | 0.33 | 0 | Buy on weakness | |
08/02/19 | DBS Vickers | Hongkong Land | 6.09 | 7.93 | Buy | |
08/02/19 | Lim & Tan | OCBC | 11.42 | 0 | Buy on weakness | |
08/02/19 | phillip | SGX | 7.78 | 8.09 | Accumulate | PER21x |
08/02/19 | CIMB | SIA | 9.2 | 10.04 | Hold | PB0.9x CY19 |
08/02/19 | DMG & Partners | Starhill | 0.78 | 0.78 | Neutral | DDM |
08/02/19 | DMG & Partners | UOB | 26.28 | 29.5 | Buy | GGM, PB1.24x FY20 |
08/02/19 | Lim & Tan | UOB | 26.28 | 0 | Buy on weakness |
Trump to impose additional tariffs on US$300B of China goods on 1 September 2019.
https://www.marketwatch.com/story/asian-markets-sink-as-us-china-trade-tensions-ramp-back-up-2019-08-01?siteid=yhoof2&yptr=yahoo
We warned our readers that the US-China trade talk broke down in July. However, the politicians and media sugar-coated the trade fallout with a "Constructive" talk.
http://sg-stock.blogspot.com/2019/08/us-china-trade-talk-broke-down-again-in.html
How did we come to the conclusion that the US-China trade talk broke down?
We always have this belief that the demon is hidden in the details and we look into the timeline of the US-China trade talk. The US-China trade talk ended in just 4 hours in Shanghai and this was a tell-tale sign that both parties had a big fallout during the meeting because nothing could be settled in just 4 hours. The US team left shanghai immediately after the fallout meeting and both parties started to accuse each other of flip-flopping thereafter.
However, the media just publicized that the US-China trade talk was constructive.
The US GDP will drop further in Q3 & Q4 after these additional tariffs against China since consumer goods are involved now.
Just look at the impact on the US below.
http://sg-stock.blogspot.com/2019/07/the-us-china-trade-war-impacts-on-both_27.html
We warned our readers that the US-China trade talk broke down in July. However, the politicians and media sugar-coated the trade fallout with a "Constructive" talk.
http://sg-stock.blogspot.com/2019/08/us-china-trade-talk-broke-down-again-in.html
How did we come to the conclusion that the US-China trade talk broke down?
We always have this belief that the demon is hidden in the details and we look into the timeline of the US-China trade talk. The US-China trade talk ended in just 4 hours in Shanghai and this was a tell-tale sign that both parties had a big fallout during the meeting because nothing could be settled in just 4 hours. The US team left shanghai immediately after the fallout meeting and both parties started to accuse each other of flip-flopping thereafter.
However, the media just publicized that the US-China trade talk was constructive.
The US GDP will drop further in Q3 & Q4 after these additional tariffs against China since consumer goods are involved now.
Just look at the impact on the US below.
http://sg-stock.blogspot.com/2019/07/the-us-china-trade-war-impacts-on-both_27.html
Russia is sending a strong signal to the USA in South China Sea.
https://www.japantimes.co.jp/news/2019/07/23/asia-pacific/south-korea-fires-warning-shots-russia-warplanes/#.XUPLmZMzaqA
Russia is telling the US that it will get involved in the South China Sea (SEA) when the US engages in any SEA military confrontation. This incident has shown a strong military alliance between Russia and China. Therefore, ASEAN better think twice before calling for a stronger US presence in the SEA because the US will only seek to raise the tensions for its own political interest.
We had stated previously in 2016 that Russia would get involved in the SEA confrontation if any.
https://sg-stock.blogspot.com/2016/09/russia-supports-china-overtly-to-reject.html
Russia and China are the top 2 powerful countries after the USA and the USA cannot afford to fight with such an alliance. The US can leave the SEA when it loses but ASEAN cannot.
Russia is telling the US that it will get involved in the South China Sea (SEA) when the US engages in any SEA military confrontation. This incident has shown a strong military alliance between Russia and China. Therefore, ASEAN better think twice before calling for a stronger US presence in the SEA because the US will only seek to raise the tensions for its own political interest.
We had stated previously in 2016 that Russia would get involved in the SEA confrontation if any.
https://sg-stock.blogspot.com/2016/09/russia-supports-china-overtly-to-reject.html
Russia and China are the top 2 powerful countries after the USA and the USA cannot afford to fight with such an alliance. The US can leave the SEA when it loses but ASEAN cannot.
Thursday, August 1, 2019
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) |
07/26/19 | DBS Vickers | First Sponsor | 1.31 | 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 |
05/16/19 | DMG & Partners | First Resources | 1.7 | 1.53 | Neutral | PER13x FY20 |
05/16/19 | Kim Eng | First Resources | 1.7 | 1.93 | Buy | PER17x |
05/16/19 | DBS Vickers | First Resources | 1.7 | 1.95 | Buy | DCF, PER16.5x FY19 |
05/16/19 | UOB Kay Hian | First Resources | 1.7 | 1.7 | Hold | Buy @ $1.50 |
06/06/19 | DMG & Partners | First Resources | 1.56 | 1.53 | Neutral | |
07/02/19 | Kim Eng | First Resources | 1.6 | 1.93 | Buy | |
07/16/19 | DBS Vickers | First Resources | 1.55 | 1.82 | Buy | DCF |
Stock calls for 1 August 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
08/01/19 | UOB Kay Hian | ARA Hospitality | 0.885 | 1.21 | Buy | DDM |
08/01/19 | OCBC | CapitaRetail China | 1.59 | 1.45 | Hold | |
08/01/19 | DBS Vickers | CapitaRetail China | 1.59 | 1.8 | Buy | |
08/01/19 | DBS Vickers | Far East Hospitality | 0.68 | 0.7 | Hold | DCF |
08/01/19 | Kim Eng | Japfa | 0.51 | 0.73 | Buy | Sum of parts |
08/01/19 | UOB Kay Hian | Parkway Life | 3.06 | 3.25 | Buy | |
08/01/19 | DBS Vickers | Parkway Life | 3.06 | 3.35 | Buy | |
08/01/19 | DMG & Partners | SGX | 7.92 | 8.1 | Neutral | PER23x FY20 |
08/01/19 | DBS Vickers | SGX | 7.92 | 8.3 | Buy | |
08/01/19 | phillip | Sheng Siong | 1.16 | 1.3 | Accumulate | PER25x FY19 |
08/01/19 | UOB Kay Hian | SIA | 9.67 | 9.5 | Hold | |
08/01/19 | DBS Vickers | SIA | 9.67 | 10.8 | Buy | PB0.95x FY20 |
08/01/19 | Lim & Tan | SIA | 9.67 | 0 | Hold | |
08/01/19 | DMG & Partners | Silverlake | 0.52 | 0.65 | Buy | DCF |
China has limited its Chinese from visiting Taiwan.
https://sg.finance.yahoo.com/news/taiwan-criticizes-chinas-ban-individual-033205976.html
This is not surprising since President Tsai is a pro-independent woman. We need to remember that Taiwan is part of China after all.
http://sg-stock.blogspot.com/2019/01/taiwan-president-is-making-ridiculous.html
Taiwan has a huge trade surplus with China and it is using the trade surplus to purchase US military weapons to be used against China. Therefore, it's about time that China should rein in the Taiwan-China trade surplus.
This is not surprising since President Tsai is a pro-independent woman. We need to remember that Taiwan is part of China after all.
http://sg-stock.blogspot.com/2019/01/taiwan-president-is-making-ridiculous.html
Taiwan has a huge trade surplus with China and it is using the trade surplus to purchase US military weapons to be used against China. Therefore, it's about time that China should rein in the Taiwan-China trade surplus.
US-China trade talk broke down again in July 2019.
https://www.cnbc.com/2019/07/31/china-us-officials-meet-for-trade-talks-in-shanghai.html
Despite the proclamation of a constructive meeting at the end of July 2019, the US-China trade talk actually broke down because both sides couldn't agree on numerous issues. Furthermore, we could see that both countries accused each other of flip-flopping after the meeting.
The only constructive outcome was that both parties were still willing to continue the trade talk in September.
Despite the proclamation of a constructive meeting at the end of July 2019, the US-China trade talk actually broke down because both sides couldn't agree on numerous issues. Furthermore, we could see that both countries accused each other of flip-flopping after the meeting.
The only constructive outcome was that both parties were still willing to continue the trade talk in September.
The US Fed has cut interest rate by 0.25%!
https://finance.yahoo.com/news/fed-meeting-rates-powell-211534497.html
We've got it right. We predicted a rate cut in July 2019 by analyzing the 4 US rates and the PMI in June.
https://sg-stock.blogspot.com/2019/06/will-us-fed-reduce-its-interest-rates.html
We've got it right. We predicted a rate cut in July 2019 by analyzing the 4 US rates and the PMI in June.
https://sg-stock.blogspot.com/2019/06/will-us-fed-reduce-its-interest-rates.html
Wednesday, July 31, 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 |
01/02/19 | CIMB | Far East Hospitality | 0.605 | 0.68 | Add | |
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 | |
06/12/19 | OCBC | Far East Hospitality | 0.645 | 0.67 | Hold | |
06/25/19 | Kim Eng | Far East Hospitality | 0.675 | 0.8 | Buy | |
07/22/19 | UOB Kay Hian | Far East Hospitality | 0.685 | 0.82 | Buy | DDM |
07/31/19 | OCBC | Far East Hospitality | 0.685 | 0.67 | Hold | |
07/31/19 | CIMB | Far East Hospitality | 0.685 | 0.68 | Hold |
F&N - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
05/24/19 | DMG & Partners | F & N | 1.73 | 3.53 | Not Rated | Sum of parts |
Stock calls for 31 July 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
07/31/19 | UOB Kay Hian | A-Reit | 3.03 | 3.01 | Hold | Buy @ $2.78 |
07/31/19 | CIMB | ART | 1.3 | 1.31 | Hold | DDM |
07/31/19 | UOB Kay Hian | ART | 1.3 | 1.54 | Buy | |
07/31/19 | DBS Vickers | ART | 1.3 | 1.45 | Buy | |
07/31/19 | UOB Kay Hian | BRC Asia | 1.37 | 1.75 | Buy | PER11.5x FY20 |
07/31/19 | OCBC | CDL Hospitality | 1.66 | 1.56 | Hold | |
07/31/19 | DMG & Partners | CDL Hospitality | 1.66 | 1.79 | Buy | DDM |
07/31/19 | CIMB | CDL Hospitality | 1.66 | 1.92 | Add | |
07/31/19 | DBS Vickers | CDL Hospitality | 1.66 | 1.8 | Buy | DCF |
07/31/19 | Macquarie | DBS | 26.49 | 25.8 | Neutral | PB |
07/31/19 | phillip | DBS | 26.49 | 27.6 | Accumulate | GGM, PB1.4x |
07/31/19 | OCBC | Far East Hospitality | 0.685 | 0.67 | Hold | |
07/31/19 | CIMB | Far East Hospitality | 0.685 | 0.68 | Hold | |
07/31/19 | Kim Eng | IHH Healthcare | 1.88 | 2.16 | Buy | Sum of parts, Ringgit $6.50 target price |
07/31/19 | UOB Kay Hian | Japfa | 0.515 | 0.48 | Hold | Sum of parts, Buy @ $0.42 |
07/31/19 | CIMB | Mapletree North Asia | 1.42 | 1.5 | Add | DDM |
07/31/19 | Lim & Tan | Parkway Life | 3.06 | 0 | Hold | |
07/31/19 | phillip | Raffles Medical | 1.04 | 1.09 | Neutral | DCF |
07/31/19 | DBS Vickers | Sembcorp Marine | 1.36 | 1.9 | Buy | PB1.8x FY19 |
07/31/19 | Amfrasers | Sembcorp Marine | 1.36 | 1.59 | Neutral | PB1.6x FY19 |
07/31/19 | DMG & Partners | Sembcorp Marine | 1.36 | 1.8 | Buy | PB1.64x FY20 |
07/31/19 | CIMB | Sembcorp Marine | 1.36 | 1.16 | Reduce | PB1.1x |
07/31/19 | UOB Kay Hian | Sembcorp Marine | 1.36 | 1.32 | Hold | Buy @ $1.25 |
07/31/19 | Kim Eng | Sheng Siong | 1.15 | 0.96 | Sell | DCF |
07/31/19 | OCBC | Sheng Siong | 1.15 | 1.19 | Buy | |
07/31/19 | CIMB | Sheng Siong | 1.15 | 1.25 | Add | |
07/31/19 | CIMB | Starhill | 0.8 | 0.79 | Hold |
Will China cut its bank interest rates soon?
https://www.reuters.com/article/us-china-markets-rates/fed-easing-could-prompt-first-china-rate-cut-in-four-years-analysts-idUSKCN1U30IJ
Many analysts were expecting China to cut its bank interest rates after the US Fed meeting on 31 July 2019. However, they are going to be wrong because they don't analyse the economic situation properly.
We had stated that China wouldn't need to reduce its bank interest rates in our previous post in June.
https://sg-stock.blogspot.com/2019/06/china-has-started-to-sell-us-treasuries.html
The recent announcement by the Chinese authority also corroborated our analysis in June.
https://finance.yahoo.com/news/china-politburo-vows-action-trade-130458638.html
Many analysts were expecting China to cut its bank interest rates after the US Fed meeting on 31 July 2019. However, they are going to be wrong because they don't analyse the economic situation properly.
We had stated that China wouldn't need to reduce its bank interest rates in our previous post in June.
https://sg-stock.blogspot.com/2019/06/china-has-started-to-sell-us-treasuries.html
The recent announcement by the Chinese authority also corroborated our analysis in June.
https://finance.yahoo.com/news/china-politburo-vows-action-trade-130458638.html
Tuesday, July 30, 2019
Ezion - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/07/19 | DBS Vickers | Ezion | 0.05 | 0.06 | Hold | PB0.3x FY19 |
03/11/19 | DBS Vickers | Ezion | 0.043 | 0.05 | Hold | PER10x F20 |
04/05/19 | DBS Vickers | Ezion | 0.043 | 0.05 | Hold | PB1.4x |
ESR-Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/18/19 | Lim & Tan | ESR-Reit | 0.53 | 0 | Hold | |
01/21/19 | CIMB | ESR-Reit | 0.53 | 0.62 | Add | DDM |
01/21/19 | OCBC | ESR-Reit | 0.53 | 0.575 | Buy | |
01/22/19 | DBS Vickers | ESR-Reit | 0.53 | 0.59 | Buy | |
02/12/19 | DMG & Partners | ESR-Reit | 0.515 | 0.61 | Buy | DDM |
03/07/19 | CIMB | ESR-Reit | 0.53 | 0.62 | Add | |
03/13/19 | DMG & Partners | ESR-Reit | 0.53 | 0.61 | Buy | |
04/10/19 | OCBC | ESR-Reit | 0.54 | 0.55 | Hold | |
04/25/19 | CIMB | ESR-Reit | 0.51 | 0.6 | Add | DDM |
04/25/19 | OCBC | ESR-Reit | 0.51 | 0.565 | Buy | |
06/18/19 | CIMB | ESR-Reit | 0.565 | 0.6 | Add | DDM |
06/19/19 | OCBC | ESR-Reit | 0.53 | 0.56 | Buy | |
07/24/19 | OCBC | ESR-Reit | 0.535 | 0.58 | Buy | |
07/24/19 | CIMB | ESR-Reit | 0.535 | 0.61 | Add | DDM |
EC World Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/09/19 | DMG & Partners | EC World Reit | 0.7 | 0.81 | Buy | |
02/15/19 | phillip | EC World Reit | 0.745 | 0.82 | Buy | |
02/22/19 | DBS Vickers | EC World Reit | 0.745 | 0.86 | Buy | DCF |
02/25/19 | DMG & Partners | EC World Reit | 0.755 | 0.84 | Buy | DDM |
03/04/19 | phillip | EC World Reit | 0.76 | 0.85 | Buy | DDM, PB0.84x FY19 |
03/18/19 | DMG & Partners | EC World Reit | 0.77 | 0.84 | Buy | |
05/07/19 | DMG & Partners | EC World Reit | 0.77 | 0.84 | Buy | |
05/14/19 | DMG & Partners | EC World Reit | 0.79 | 0.85 | Buy | DDM |
05/14/19 | DBS Vickers | EC World Reit | 0.79 | 0.86 | Buy | |
05/15/19 | phillip | EC World Reit | 0.785 | 0.87 | Buy | DDM, PB0.93x |
06/19/19 | phillip | EC World Reit | 0.775 | 0.87 | Buy | |
07/04/19 | DMG & Partners | EC World Reit | 0.78 | 0.85 | Buy | |
07/22/19 | phillip | EC World Reit | 0.755 | 0.87 | Buy |
Stock calls for 30 July 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
07/30/19 | DBS Vickers | A-Reit | 3.05 | 3.4 | Buy | DCF |
07/30/19 | OCBC | A-Reit | 3.05 | 2.98 | Hold | |
07/30/19 | DMG & Partners | DBS | 26.54 | 28.3 | Hold | GGM, PB1.37x FY20 |
07/30/19 | CIMB | DBS | 26.54 | 27.59 | Hold | GGM |
07/30/19 | Kim Eng | DBS | 26.54 | 28.05 | Hold | DDM |
07/30/19 | OCBC | DBS | 26.54 | 28 | Hold | |
07/30/19 | phillip | DBS | 26.54 | 30.9 | Accumulate | |
07/30/19 | UOB Kay Hian | DBS | 26.54 | 31.3 | Buy | |
07/30/19 | DBS Vickers | Ifast Corp | 1.1 | 1.05 | Hold | DDM |
07/30/19 | OCBC | Mapletree North Asia | 1.38 | 1.43 | Hold | |
07/30/19 | UOB Kay Hian | Raffles Medical | 1.03 | 1.27 | Buy | DCF |
07/30/19 | DMG & Partners | Raffles Medical | 1.03 | 1.02 | Neutral | |
07/30/19 | DBS Vickers | Raffles Medical | 1.03 | 1.12 | Hold | Sum of parts |
07/30/19 | DMG & Partners | Sheng Siong | 1.11 | 1.32 | Buy | DCF |
07/30/19 | DBS Vickers | Sheng Siong | 1.11 | 1.32 | Buy | PER25x FY20 |
07/30/19 | Kim Eng | SIA Engineering | 2.68 | 2.85 | Hold | |
07/30/19 | UOB Kay Hian | Suntec Reit | 1.93 | 2.02 | Hold | Buy @ $1.84 |
07/30/19 | DBS Vickers | Suntec Reit | 1.93 | 2.15 | Buy | DCF |
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