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Wednesday, October 9, 2019

The USA has abandoned the Syrian Kurds. - Part 2

https://www.washingtonpost.com/business/who-are-the-syrian-kurds-the-us-is-abandoning/2019/10/07/b0e75ed4-e919-11e9-a329-7378fbfa1b63_story.html

The US has abandoned the Syrian Kurds again!

Yes, again!

We had warned this before (Please see below).

http://sg-stock.blogspot.com/2018/02/the-usa-has-abandoned-syrian-kurds.html

http://sg-stock.blogspot.com/2017/12/the-kurds-are-living-in-land-of.html

Biolidics - Stock calls

Date Analyst Company Last Target Call Valuation
03/27/19 CIMB Biolidics 0.27 0.32 Add EV/Sales 12x

Best World - Stock calls

Date Analyst Company Last Target Call Valuation
02/28/19 DMG & Partners Best World 2.56 2.95 Buy DCF & PER18x
02/28/19 CIMB Best World 2.56 2.43 Reduce PER14.9x CY20
04/05/19 DMG & Partners Best World 2.02 2.95 Buy
04/16/19 CLSA Best World 1.77 1.75 Sell Up from $1.29
04/26/19 DMG & Partners Best World 1.62 0 Cease Coverage Suspension

Banyan Tree - Stock calls

Date Analyst Company Last Target Call Valuation
03/11/19 phillip Banyan Tree 0.57 0.76 Accumulate Sum of parts, PB0.72x FY19
05/22/19 phillip Banyan Tree 0.535 0.76 Accumulate Sum of parts, PB0.7x FY19
08/16/19 phillip Banyan Tree 0.455 0.51 Accumulate Sum of parts, PB0.6x FY19

Stock calls for 9 October 2019

Date Analyst Company Last Target Call Valuation
10/09/19 DBS Vickers ART 1.32 1.45 Buy
10/09/19 DBS Vickers CDL Hospitality 1.64 1.8 Buy
10/09/19 UOB Kay Hian Comfortdelgro 2.42 2.95 Buy
10/09/19 DBS Vickers Comfortdelgro 2.42 2.59 Hold
10/09/19 DBS Vickers Far East Hospitality 0.69 0.7 Hold
10/09/19 DBS Vickers Frasers Hospitality Trust 0.715 0.77 Hold
10/09/19 UOB Kay Hian Fu Yu 0.225 0.285 Buy
10/09/19 OCBC Keppel Corp 5.93 7.58 Buy
10/09/19 DBS Vickers Keppel Corp 5.93 8.5 Buy
10/09/19 CIMB MM2 Asia 0.215 0.32 Add Sum of parts
10/09/19 UOB Kay Hian Penguin 0.62 0.85 Buy
10/09/19 DBS Vickers Sembcorp Industries 2.11 3.2 Buy
10/09/19 CIMB Sembcorp Marine 1.2 1.26 Hold PB1.2x CY19
10/09/19 OCBC Sembcorp Marine 1.2 1.29 Hold
10/09/19 DBS Vickers Sembcorp Marine 1.2 1.9 Buy
10/09/19 DMG & Partners SGX 8.4 8.1 Neutral PER23x FY20
10/09/19 UOB Kay Hian ST Engineering 3.92 4.34 Buy
10/09/19 Kim Eng Wilmar 3.63 3.89 Hold DCF
10/09/19 UOB Kay Hian Wilmar 3.63 4.4 Buy
10/09/19 UOB Kay Hian Yangzijiang 0.95 1.46 Buy

The US-China tension is rising rapidly.

https://fortune.com/2019/10/08/china-ai-us-entity-list/

https://www.cnbc.com/2019/10/08/us-puts-visa-restrictions-on-chinese-officials-over-abuses-of-muslims-in-xinjiang.html

The US is increasing tension with China now.  There won't be any good outcome for the October trade talk on 10 October because the US has added 28 Chinese firms to its entity list and banned some Chinese officials to the US.

This October will be a volatile month because there will be a trade talk on 10 October, Brexit on 31 October and FED interest rate on 31 October.

Tuesday, October 8, 2019

Avi-Tech - Stock calls

Date Analyst Company Last Target Call Valuation
01/07/19 DMG & Partners Avi-Tech 0.3 0.34 Neutral
02/14/19 DMG & Partners Avi-Tech 0.29 0.3 Neutral DCF
03/19/19 DMG & Partners Avi-Tech 0.29 0.3 Neutral
07/16/19 DMG & Partners Avi-Tech 0.28 0.27 Neutral DCF
08/29/19 Lim & Tan Avi-Tech 0.27 0 Buy
09/10/19 DMG & Partners Avi-Tech 0.31 0.31 Neutral DCF
10/08/19 DMG & Partners Avi-Tech 0.34 0.31 Neutral

Ascendas India Trust - Stock calls

Date Analyst Company Last Target Call Valuation
01/25/19 Jefferies Ascendas India Trust 1.08 1.2 Buy
01/28/19 DBS Vickers Ascendas India Trust 1.08 1.25 Buy DDM
02/08/19 DBS Vickers Ascendas India Trust 1.13 1.25 Buy
04/29/19 DBS Vickers Ascendas India Trust 1.27 1.4 Buy DDM
07/29/19 DBS Vickers Ascendas India Trust 1.42 1.55 Buy

Ascendas Hospitality Trust - Stock calls

Date Analyst Company Last Target Call Valuation
01/30/19 DBS Vickers Ascendas Hospitality Trust 0.835 0.98 Buy DCF
07/04/19 DBS Vickers Ascendas Hospitality Trust 1.04 1.21 Buy Pegged to ART

Stock calls for 8 October 2019

Date Analyst Company Last Target Call Valuation
10/08/19 DMG & Partners Avi-Tech 0.34 0.31 Neutral
10/08/19 DMG & Partners Frencken 0.675 0.82 Buy
10/08/19 DMG & Partners GSS Energy 0.066 0.08 Neutral
10/08/19 CIMB Keppel Corp 5.91 8.41 Add
10/08/19 DMG & Partners Keppel Corp 5.91 7.3 Buy
10/08/19 DBS Vickers Keppel DC Reit 1.9 2.2 Buy
10/08/19 CIMB Sembcorp Industries 2.08 2.83 Add Sum of parts
10/08/19 DMG & Partners Silverlake 0.44 0.56 Buy
10/08/19 Kim Eng ST Engineering 3.91 4.5 Buy DCF
10/08/19 DMG & Partners Valuetronics 0.615 0.61 Neutral
10/08/19 DMG & Partners Venture 15.42 16.3 Buy

Monday, October 7, 2019

ART - Stock calls

Date Analyst Company Last Target Call Valuation
01/10/19 OCBC ART 1.1 1.18 Buy
01/10/19 CIMB ART 1.1 1.13 Hold DDM
01/11/19 DBS Vickers ART 1.11 1.25 Buy
01/30/19 OCBC ART 1.19 1.25 Buy
01/30/19 DBS Vickers ART 1.19 1.35 Buy DCF
03/05/19 OCBC ART 1.14 1.25 Buy
03/05/19 CIMB ART 1.14 1.15 Hold
03/29/19 Lim & Tan ART 1.18 0 Hold BV
04/09/19 Phillip ART 1.18 1.36 Buy DDM, PB0.94x FY19
04/12/19 UOB Kay Hian ART 1.2 1.46 Buy DDM
04/15/19 OCBC ART 1.2 1.25 Hold
05/02/19 OCBC ART 1.2 1.25 Hold
05/02/19 UOB Kay Hian ART 1.2 1.46 Buy
05/03/19 DBS Vickers ART 1.2 1.35 Buy DCF
05/06/19 Phillip ART 1.21 1.36 Buy DDM
06/10/19 UOB Kay Hian ART 1.27 1.46 Buy
06/19/19 Phillip ART 1.31 1.36 Buy
06/25/19 OCBC ART 1.3 1.25 Hold
07/04/19 OCBC ART 1.28 1.31 Hold
07/04/19 CIMB ART 1.28 1.15 Hold DDM
07/04/19 UOB Kay Hian ART 1.28 1.46 Buy
07/05/19 Phillip ART 1.31 1.36 Accumulate DDM
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
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
08/27/19 UOB Kay Hian ART 1.3 1.54 Buy
09/24/19 Phillip ART 1.31 1.36 Accumulate

ARA Hospitality - Stock calls

Date Analyst Company Last Target Call Valuation
06/18/19 UOB Kay Hian ARA Hospitality 0.87 1.15 Buy
07/16/19 UOB Kay Hian ARA Hospitality 0.885 1.15 Buy
08/01/19 UOB Kay Hian ARA Hospitality 0.885 1.21 Buy DDM
10/02/19 Amfrasers ARA Hospitality 0.87 0.96 Outperform DDM

APTV - Stock calls

Date Analyst Company Last Target Call Valuation
03/01/19 Phillip APTV 0.13 0.14 Accumulate
05/16/19 Phillip APTV 0.178 0.16 Reduce EV/Ebitda11x
08/19/19 Phillip APTV 0.17 0.165 Neutral EV/Ebitda9.5x

Stock calls for 7 October 2019

Date Analyst Company Last Target Call Valuation
10/07/19 DBS Vickers A-Reit 3.08 3.4 Buy
10/07/19 DMG & Partners Centurion 0.4 0.43 Neutral DCF
10/07/19 UOB Kay Hian Netlink 0.9 1.01 Buy DCF
10/07/19 UOB Kay Hian Sembcorp Industries 2.06 2.22 Hold
10/07/19 CIMB Starhill 0.74 0.75 Hold DDM

Saturday, October 5, 2019

Baltic dry index - 1767

Today, Friday, October 04 2019, the Baltic Dry Index climbed by 10 points, reaching 1767 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.
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Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 855


Related stock: Keppel Corp, Sembcorp Marine & Cosco.

HK protestors must understand the consequences of rioting.

https://sg.news.yahoo.com/hong-kong-metro-system-remain-010856466.html

There will be consequences of rioting.  Just look at France's yellow vest protests.

More than 24 yellow vests lost their eyes.

https://edition.cnn.com/2019/07/14/europe/france-bastille-day-injured-yellow-vests-intl/index.html

11 were killed during the yellow vest protests.

https://www.aa.com.tr/en/europe/france-yellow-vest-protests-complete-5-months/1455001

Thousands got injured too.

The US government is fudging its employment data again.

https://www.cnbc.com/2019/10/04/heres-where-the-jobs-are-for-September-2019-in-one-chart.html

The US unemployment rate drops to 3.5%.  Can you believe that?

Let's suss out the devil!

The PMI employment index contracted in August.

http://sg-stock.blogspot.com/2019/09/ism-pmi-analysis-for-us-economy-in.html

The PMI employment index contracted in September again.

http://sg-stock.blogspot.com/2019/10/ism-pmi-declined-to-478-in-september.html

The latest ADP private payrolls were slowing down.

https://www.cnbc.com/2019/10/02/adp-jobs-report-private-payrolls-grow-but-hiring-slows.html

I really cannot find anything positive to support these euphoric employment data.

What's the point of publishing overly optimistic figures but these figures will be revised down by a few hundred thousands later?

The US is always using this dirty trick to prop up the stock markets.

http://sg-stock.blogspot.com/2019/09/the-us-was-caught-red-handed-for.html

Friday, October 4, 2019

Hong Kong anti-mask ban will be in effect on 5 October 2019.

https://www.channelnewsasia.com/news/asia/hong-kong-protests-ban-face-mask-law-carrie-lam-police-11969660

The HK anti-mask ban will be in effect on 5 October 2019.  This is an effective government action as shown in the yellow vest protest in France which had implemented this ban.  However, the HK rioters will be repulsive against this ban.