Date | Analyst | Company | Last | Target | Call | Valuation |
01/31/19 | OCBC | OUE Commercial | 0.49 | 0.5 | Hold | |
01/31/19 | DBS Vickers | OUE Commercial | 0.49 | 0.6 | Buy | DCF |
02/04/19 | CIMB | OUE Commercial | 0.515 | 0.57 | Hold | |
02/08/19 | DBS Vickers | OUE Commercial | 0.51 | 0.6 | Buy | |
04/03/19 | DBS Vickers | OUE Commercial | 0.52 | 0.6 | Buy | |
04/10/19 | CIMB | OUE Commercial | 0.51 | 0.57 | Hold | |
05/10/19 | CIMB | OUE Commercial | 0.5 | 0.57 | Hold |
Wednesday, September 4, 2019
OUE Commercial - Stock calls
Stock calls for 4 September 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
09/04/19 | DMG & Partners | Breadtalk | 0.65 | 0.67 | Neutral | Sum of parts, EV/Ebitda7.64x |
09/04/19 | DBS Vickers | Comfortdelgro | 2.46 | 2.59 | Hold | |
09/04/19 | UOB Kay Hian | CSE Global | 0.455 | 0.65 | Buy | PER15x FY19 |
09/04/19 | DMG & Partners | CSE Global | 0.455 | 0.69 | Buy | DCF, PER11.9x FY20 |
09/04/19 | Kim Eng | Wilmar | 3.8 | 3.89 | Hold | DCF |
The Hong Kong protestors are daft youngsters.
The HK stock market goes up almost 1,000 points today because the HK government is expected to announce the withdrawal of the extradition bill.
The HK protestors are daft youngsters because they exude stupidity beyond my comprehension. Why?
HK Lam announced that the extradition bill was dead in July 2019 which meant that it couldn't be resuscitated. In other words, she meant it to be scrapped and gave the protestors more than what they had bargained for. The law is very specific and must not be a subject of contention. However, the protestors didn't understand the legality of the term and insisted on withdrawal in which the bill could be reintroduced in the future. This is the stupidity that I cannot comprehend.
https://www.channelnewsasia.com/news/asia/hong-kong-protests-carrie-lam-extradition-bill-dead-withdraw-11703542
The HK protestors had shortchanged themselves unknowingly and the stock investors joined in without a proper understanding of the legal term.
By withdrawing the bill, the HK government can rehash and reintroduce the bill later and this will create an overhang among the protestors. Therefore, the HK protests won't stop even after this withdrawal announcement.
The HK protestors are daft youngsters because they exude stupidity beyond my comprehension. Why?
HK Lam announced that the extradition bill was dead in July 2019 which meant that it couldn't be resuscitated. In other words, she meant it to be scrapped and gave the protestors more than what they had bargained for. The law is very specific and must not be a subject of contention. However, the protestors didn't understand the legality of the term and insisted on withdrawal in which the bill could be reintroduced in the future. This is the stupidity that I cannot comprehend.
https://www.channelnewsasia.com/news/asia/hong-kong-protests-carrie-lam-extradition-bill-dead-withdraw-11703542
The HK protestors had shortchanged themselves unknowingly and the stock investors joined in without a proper understanding of the legal term.
By withdrawing the bill, the HK government can rehash and reintroduce the bill later and this will create an overhang among the protestors. Therefore, the HK protests won't stop even after this withdrawal announcement.
ISM PMI analysis for the US economy in August 2019.
The ISM PMI is in a contraction mode now at 49.1 and this is lower than China's PMI (49.5). China's PMI is at the doldrum already and is ready to expand soon but the US PMI is still sliding after 5 consecutive months.
The US was unable to export to China because of the high tariffs and this caused the new export order to decline further. However, the frontloading by the US consumers prior to the 1 Sept tariffs was helping to hold up the new local order. I don't see the rise to be sustainable as consumer demand is elastic.
The reduction in new orders is causing declines in customers' inventories, production, employment and supplier's deliveries.
The high tariffs were affecting imports and the producers were turning to local raw materials which were cheaper.
This is a very bad PMI report as many sub-indexes are in the red. The next GDP figure will be very bad despite the US recent revision to 2% from 2.1%.
http://sg-stock.blogspot.com/2019/08/ism-pmi-analysis-for-us-economy-in-july.html
The US was unable to export to China because of the high tariffs and this caused the new export order to decline further. However, the frontloading by the US consumers prior to the 1 Sept tariffs was helping to hold up the new local order. I don't see the rise to be sustainable as consumer demand is elastic.
The reduction in new orders is causing declines in customers' inventories, production, employment and supplier's deliveries.
The high tariffs were affecting imports and the producers were turning to local raw materials which were cheaper.
This is a very bad PMI report as many sub-indexes are in the red. The next GDP figure will be very bad despite the US recent revision to 2% from 2.1%.
http://sg-stock.blogspot.com/2019/08/ism-pmi-analysis-for-us-economy-in-july.html
Tuesday, September 3, 2019
OUE - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/28/19 | OCBC | OUE | 1.66 | 2.32 | Buy | |
04/17/19 | OCBC | OUE | 1.79 | 2.32 | Buy |
OCBC - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/03/19 | CIMB | OCBC | 11.1 | 14 | Add | PER10.8x FY20 |
01/04/19 | UOB Kay Hian | OCBC | 11.03 | 14.05 | Buy | |
01/08/19 | UOB Kay Hian | OCBC | 11.37 | 13.82 | Buy | |
01/31/19 | Kim Eng | OCBC | 11.39 | 10.95 | Hold | DDM |
02/01/19 | phillip | OCBC | 11.51 | 13.7 | Buy | GGM, PB1.4x FY19 |
02/08/19 | UOB Kay Hian | OCBC | 11.49 | 13.82 | Buy | |
02/13/19 | Kim Eng | OCBC | 11.41 | 10.95 | Hold | |
02/25/19 | CIMB | OCBC | 11.39 | 12 | Hold | PB1.2x CY19 |
02/25/19 | UOB Kay Hian | OCBC | 11.39 | 13.85 | Buy | |
02/25/19 | DBS Vickers | OCBC | 11.39 | 12.9 | Buy | GGM, PB1.2x FY19 |
02/25/19 | Kim Eng | OCBC | 11.39 | 10.73 | Hold | DDM |
02/27/19 | Macquarie | OCBC | 11.2 | 13 | Outperform | PB |
03/04/19 | phillip | OCBC | 11.1 | 13.7 | Buy | |
03/07/19 | Kim Eng | OCBC | 11.22 | 10.73 | Hold | |
03/11/19 | CIMB | OCBC | 11.05 | 12 | Hold | |
03/26/19 | UOB Kay Hian | OCBC | 10.99 | 13.85 | Buy | |
04/02/19 | phillip | OCBC | 11.21 | 13.7 | Buy | |
04/02/19 | DBS Vickers | OCBC | 11.21 | 12.9 | Buy | |
04/11/19 | CIMB | OCBC | 11.72 | 12 | Hold | |
04/22/19 | DMG & Partners | OCBC | 11.77 | 12.2 | Neutral | PB1.12x FY20, Up from $10.96 |
04/23/19 | Kim Eng | OCBC | 11.78 | 10.73 | Hold | |
04/24/19 | UOB Kay Hian | OCBC | 11.83 | 14.12 | Buy | GGM, PB1.39x FY19 |
05/03/19 | phillip | OCBC | 12.04 | 13.7 | Buy | |
05/10/19 | DMG & Partners | OCBC | 11.31 | 12.2 | Neutral | PB1.12x FY20 |
05/10/19 | CIMB | OCBC | 11.31 | 12 | Hold | |
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 | GGM, PB1.42x FY19 |
05/13/19 | CIMB | OCBC | 11.39 | 12.59 | Hold | GGM, PB1.26x |
05/22/19 | Kim Eng | OCBC | 11.09 | 11.07 | Hold | |
06/03/19 | CIMB | OCBC | 10.57 | 12.59 | Hold | |
06/06/19 | phillip | OCBC | 10.63 | 12.7 | Accumulate | |
06/13/19 | UOB Kay Hian | OCBC | 10.8 | 14.62 | Buy | |
06/17/19 | Kim Eng | OCBC | 10.78 | 11.07 | Hold | |
06/25/19 | DBS Vickers | OCBC | 11.28 | 11.5 | Hold | GGM, PB1.1x FY20 |
07/01/19 | UOB Kay Hian | OCBC | 11.4 | 14.62 | Buy | |
07/02/19 | Kim Eng | OCBC | 11.59 | 11.07 | Hold | |
07/03/19 | phillip | OCBC | 11.54 | 12.7 | Accumulate | |
07/08/19 | DMG & Partners | OCBC | 11.39 | 12.2 | Neutral | GGM, PB1.12x FY20 |
07/23/19 | DBS Vickers | OCBC | 11.64 | 11.5 | Hold | |
08/02/19 | Lim & Tan | OCBC | 11.42 | 0 | Buy on weakness | |
08/05/19 | phillip | OCBC | 11.21 | 12.5 | Accumulate | GGM, PB1.3x |
08/05/19 | DMG & Partners | OCBC | 11.21 | 11.8 | Neutral | GGM, PB1.1x FY20 |
08/05/19 | UOB Kay Hian | OCBC | 11.21 | 14.48 | Buy | GGM, PB1.4x FY19 |
08/05/19 | DBS Vickers | OCBC | 11.21 | 11.5 | Hold | GGM, PB1.1x FY20 |
08/06/19 | CIMB | OCBC | 11.08 | 12.59 | Hold | GGM, PB1.3x |
08/06/19 | Kim Eng | OCBC | 11.08 | 11.05 | Hold | DDM |
08/20/19 | DMG & Partners | OCBC | 10.71 | 11.5 | Neutral | GGM, PB1.07x FY20 |
08/21/19 | CIMB | OCBC | 10.69 | 12.53 | Hold | |
09/02/19 | phillip | OCBC | 10.65 | 12.32 | Accumulate | GGM |
Netlink - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/19 | UOB Kay Hian | Netlink | 0.765 | 0.99 | Buy | DCF |
01/02/19 | Kim Eng | Netlink | 0.765 | 0.93 | Buy | |
01/15/19 | DBS Vickers | Netlink | 0.77 | 0.87 | Buy | DCF |
02/07/19 | Kim Eng | Netlink | 0.785 | 0.93 | Buy | DDM, PER38.8x FY21 |
02/08/19 | DBS Vickers | Netlink | 0.79 | 0.87 | Buy | DCF, PER32.6x FY21 |
02/08/19 | UOB Kay Hian | Netlink | 0.79 | 0.99 | Buy | |
02/15/19 | UOB Kay Hian | Netlink | 0.805 | 0.92 | Buy | DCF, PER40x FY21 |
02/18/19 | OCBC | Netlink | 0.805 | 0.9 | Buy | |
03/15/19 | OCBC | Netlink | 0.795 | 0.9 | Buy | |
03/27/19 | Phillip | Netlink | 0.825 | 0.89 | Accumulate | DCF |
04/01/19 | UOB Kay Hian | Netlink | 0.83 | 0.92 | Buy | |
04/01/19 | Kim Eng | Netlink | 0.83 | 0.93 | Buy | |
05/07/19 | UOB Kay Hian | Netlink | 0.825 | 0.92 | Buy | DCF |
05/09/19 | DBS Vickers | Netlink | 0.82 | 0.87 | Buy | |
05/15/19 | OCBC | Netlink | 0.835 | 0.95 | Buy | |
05/15/19 | DBS Vickers | Netlink | 0.835 | 0.9 | Buy | DCF |
05/15/19 | Phillip | Netlink | 0.835 | 0.93 | Accumulate | DCF |
05/15/19 | Kim Eng | Netlink | 0.835 | 0.94 | Buy | DDM |
06/03/19 | Phillip | Netlink | 0.83 | 0.93 | Buy | DCF |
06/06/19 | DBS Vickers | Netlink | 0.825 | 0.9 | Buy | |
06/12/19 | UOB Kay Hian | Netlink | 0.835 | 0.97 | Buy | |
06/27/19 | Kim Eng | Netlink | 0.89 | 0.94 | Buy | |
07/15/19 | Phillip | Netlink | 0.88 | 0.93 | Accumulate | DCF |
07/17/19 | Kim Eng | Netlink | 0.885 | 0.94 | Buy | |
08/06/19 | UOB Kay Hian | Netlink | 0.88 | 0.92 | Buy | DCF |
08/06/19 | Phillip | Netlink | 0.88 | 0.93 | Accumulate | DCF |
08/07/19 | Kim Eng | Netlink | 0.865 | 0.94 | Buy | DDM |
08/07/19 | DBS Vickers | Netlink | 0.865 | 0.95 | Buy | DCF |
Stock calls for 3 September 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
09/03/19 | DMG & Partners | Breadtalk | 0.665 | 0.71 | Neutral | |
09/03/19 | Lim & Tan | CSE Global | 0.44 | 0 | Buy | |
09/03/19 | Phillip | Micro-Mechanics | 1.59 | 1.6 | Neutral | PER15x FY20 |
09/03/19 | UOB Kay Hian | Sembcorp Marine | 1.16 | 1.22 | Hold | |
09/03/19 | DMG & Partners | Sembcorp Marine | 1.16 | 1.63 | Buy | PB1.48x FY20 |
09/03/19 | OCBC | Soilbuild Reit | 0.55 | 0.58 | Accept offer |
Monday, September 2, 2019
Nera Telecom - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/04/19 | Lim & Tan | Nera Telecom | 0.285 | 0 | Buy |
Moya Asia - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/07/19 | DMG & Partners | Moya Asia | 0.06 | 0.11 | Buy | |
02/13/19 | DMG & Partners | Moya Asia | 0.082 | 0.11 | Buy | DCF |
03/05/19 | DMG & Partners | Moya Asia | 0.077 | 0.11 | Buy | DCF |
05/02/19 | DMG & Partners | Moya Asia | 0.081 | 0.095 | Buy | |
06/06/19 | DMG & Partners | Moya Asia | 0.076 | 0.1 | Buy | |
08/20/19 | DMG & Partners | Moya Asia | 0.068 | 0.083 | Buy | DCF |
MM2 Asia - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/14/19 | DBS Vickers | MM2 Asia | 0.3 | 0.33 | Hold | Sum of parts |
02/21/19 | CIMB | MM2 Asia | 0.3 | 0.37 | Add | Sum of parts |
02/21/19 | Kim Eng | MM2 Asia | 0.3 | 0.34 | Buy | PEG0.93x |
03/26/19 | Kim Eng | MM2 Asia | 0.315 | 0.34 | Buy | PEG0.93x |
05/31/19 | DBS Vickers | MM2 Asia | 0.24 | 0.34 | Buy | Sum of parts, PER16x FY20 |
06/04/19 | Kim Eng | MM2 Asia | 0.245 | 0.26 | Hold | |
07/19/19 | DBS Vickers | MM2 Asia | 0.23 | 0.34 | Buy | PER16x FY20 |
08/15/19 | DBS Vickers | MM2 Asia | 0.197 | 0.29 | Buy | Sum of parts |
08/20/19 | Kim Eng | MM2 Asia | 0.186 | 0.2 | Hold | PEG1x |
Stock calls for 2 September 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
09/02/19 | DMG & Partners | China Aviation Oil | 1.15 | 1.5 | Buy | Sum of parts |
09/02/19 | phillip | OCBC | 10.65 | 12.32 | Accumulate | GGM |
09/02/19 | Kim Eng | SIA Engineering | 2.43 | 2.85 | Buy | DCF |
09/02/19 | UOB Kay Hian | Thai Beverage | 0.9 | 0.87 | Hold | Sum of parts |
09/02/19 | CIMB | UOB | 24.96 | 29.54 | Add |
The US was caught red-handed for fudging its employment data.
https://www.marketplace.org/2019/08/23/job-creation-revised-down/
The US had to revise down its employment by 500,000 jobs.
We questioned the validity of the US employment data when we analyzed it in May 2019 because we found some discrepancy.
https://sg-stock.blogspot.com/2019/05/discrepancies-in-us-employment-data.html
The US had to revise down its employment by 500,000 jobs.
We questioned the validity of the US employment data when we analyzed it in May 2019 because we found some discrepancy.
https://sg-stock.blogspot.com/2019/05/discrepancies-in-us-employment-data.html
Saturday, August 31, 2019
The Strait Times Index (STI) has a high probability to close in the red in August. - Part 2
https://sg-stock.blogspot.com/2019/08/the-strait-times-index-sti-has-high.html
We are right about the STI ending in the red (-5.88%) in August 2019 and this August curse has not been broken yet insofar. Yeah!
2-year US treasury and 10-year US treasury yield curves.
The 2y-10y treasuries yield curves had inverted 3x in August 2019.
The 3m-10y treasuries yield curves had inverted for the whole of August 2019.
Both the aforesaid yield curves are being closely monitored by the US FED for signs of recession.
The 3m-10y treasuries yield curves had inverted for the whole of August 2019.
Both the aforesaid yield curves are being closely monitored by the US FED for signs of recession.
Baltic dry index - 2277
Today, Thursday, August 29 2019, the Baltic Dry Index climbed by 10 points, reaching 2277 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.
Friday, August 30, 2019
MIT - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/27/19 | Lim & Tan | MIT | 0.36 | 0.405 | Buy | Mid-point of $0.4-0.41 |
Mindchamps - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
04/05/19 | DMG & Partners | Mindchamps | 0.655 | 0.87 | Buy | |
05/17/19 | DMG & Partners | Mindchamps | 0.66 | 0.83 | Buy | DCF |
08/27/19 | DMG & Partners | Mindchamps | 0.525 | 0.83 | Buy |
Micro-Mechanics - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/30/19 | Phillip | Micro-Mechanics | 1.67 | 1.7 | Accumulate | PER15x FY19 |
05/02/19 | Phillip | Micro-Mechanics | 1.63 | 1.63 | Neutral | PER15x FY20 |
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