Taiwan President Tsai has just won the 2020 election with help from the US.
http://sg-stock.blogspot.com/2020/01/facebook-is-intervening-in-asia.html
Taiwan looks set to suffer economically for the next 4 years under Tsai.
Saturday, January 11, 2020
Baltic dry index - 774
Today, Friday, January 10 2020, the Baltic Dry Index climbed by 2 points, reaching 774 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.
The US bases suffered damages in Iraq after Iran's attack.
It looked like some US building structures (hangers) were destroyed. If some aircrafts were in the hangers, more than US$100m were lost.
Friday, January 10, 2020
Breadtalk - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/21/19 | DBS Vickers | Breadtalk | 0.88 | 0.92 | Hold | Sum of parts |
02/21/19 | DMG & Partners | Breadtalk | 0.88 | 0.81 | Neutral | Sum of parts |
04/05/19 | DMG & Partners | Breadtalk | 0.87 | 0.81 | Neutral | |
05/07/19 | DBS Vickers | Breadtalk | 0.835 | 0.92 | Hold | |
05/08/19 | DMG & Partners | Breadtalk | 0.825 | 0.81 | Neutral | Sum of parts |
07/02/19 | DMG & Partners | Breadtalk | 0.75 | 0.81 | Neutral | |
08/02/19 | DBS Vickers | Breadtalk | 0.715 | 0.77 | Hold | Sum of parts |
08/05/19 | DMG & Partners | Breadtalk | 0.69 | 0.71 | Neutral | Sum of parts |
09/03/19 | DMG & Partners | Breadtalk | 0.665 | 0.71 | Neutral | |
09/04/19 | DMG & Partners | Breadtalk | 0.65 | 0.67 | Neutral | Sum of parts, EV/Ebitda7.64x |
09/06/19 | DBS Vickers | Breadtalk | 0.645 | 0.61 | Hold | Sum of parts |
12/11/19 | DMG & Partners | Breadtalk | 0.625 | 0.67 | Neutral |
BRC Asia - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/31/19 | UOB Kay Hian | BRC Asia | 1.37 | 1.75 | Buy | PER11.5x FY20 |
08/08/19 | UOB Kay Hian | BRC Asia | 1.31 | 1.75 | Buy | PER11.5x FY20 |
10/01/19 | UOB Kay Hian | BRC Asia | 1.34 | 1.75 | Buy | |
11/18/19 | CIMB | BRC Asia | 1.47 | 1.9 | Add | |
11/18/19 | Lim & Tan | BRC Asia | 1.47 | 1.8 | Buy | DCF |
11/26/19 | UOB Kay Hian | BRC Asia | 1.49 | 1.75 | Buy | PER11.5x FY20 |
01/09/20 | CIMB | BRC Asia | 1.54 | 1.9 | Add |
Boustead - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
09/23/19 | CIMB | Boustead | 0.735 | 1 | Add | Sum of parts |
11/25/19 | CIMB | Boustead | 0.765 | 1 | Add | |
01/03/20 | CIMB | Boustead | 0.76 | 1 | Add | Sum of parts |
Stock calls for 10 January 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
01/10/20 | DBS Vickers | A-Reit | 3.06 | 3.45 | Buy | DCF |
01/10/20 | UOB Kay Hian | SIA | 8.93 | 9.1 | Hold | Sum of parts |
Thursday, January 9, 2020
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 January 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
01/09/20 | CIMB | BRC Asia | 1.54 | 1.9 | Add | |
01/09/20 | DMG & Partners | Moya Asia | 0.08 | 0.093 | Buy | DCF |
01/09/20 | UOB Kay Hian | Unusual | 0.275 | 0.44 | Buy |
The US-Iran attack will not escalate into a full blown war.
Trump declared no casualties on the US bases in Iraq. However, Iran declared 80 Americans were killed by its missiles.
https://economictimes.indiatimes.com/news/defence/iran-says-80-american-killed-in-the-missile-strike-here-is-all-you-should-know-about-the-attack/articleshow/73149977.cms
Does the US death toll matter? No! Why?
This is because the unjustified killing of the Iranian top general results in a strong resistance in the US to wage a war with Iran over Iran's retaliation.
https://www.forbes.com/sites/rachelsandler/2020/01/08/pelosi-announces-vote-to-limit-trumps-war-powers-against-iran/#734016227a2e
Nancy is trying to de-escalate the tension by limiting Trump's power and the US citizens are not supporting a US-Iran war because they do not want to be conscripted to fight an unjustified war. Furthermore, Nancy knows that this is not the time to engage in a war because the US economy is weakening.
https://economictimes.indiatimes.com/news/defence/iran-says-80-american-killed-in-the-missile-strike-here-is-all-you-should-know-about-the-attack/articleshow/73149977.cms
Does the US death toll matter? No! Why?
This is because the unjustified killing of the Iranian top general results in a strong resistance in the US to wage a war with Iran over Iran's retaliation.
https://www.forbes.com/sites/rachelsandler/2020/01/08/pelosi-announces-vote-to-limit-trumps-war-powers-against-iran/#734016227a2e
Nancy is trying to de-escalate the tension by limiting Trump's power and the US citizens are not supporting a US-Iran war because they do not want to be conscripted to fight an unjustified war. Furthermore, Nancy knows that this is not the time to engage in a war because the US economy is weakening.
The upcoming US GDP will be a better number but it is an illusion. Why?
https://www.cnbc.com/2020/01/07/us-trade-deficit-at-43point09b-in-november-vs-43point6b-estimate.html
The most recent US deficit fell to its lowest level under Trump's presidency because of the huge reduction in imports. Being a consumption-led economy (70% of GDP), this doesn't bode well for the US because import is a precursor of local consumption.
Please read our post on China to understand the importance of imports since China is also a consumption-led economy.
http://sg-stock.blogspot.com/2019/12/how-is-chinas-economy-doing.html
The reduction in imports usually signals a future reduction in consumption. Since import is part of the GDP formula, the decline in imports will boost the GDP figure.
Please read our post on the GDP calculation.
http://sg-stock.blogspot.com/2019/11/the-latest-us-gdp-growth-is-not.html
The most recent US deficit fell to its lowest level under Trump's presidency because of the huge reduction in imports. Being a consumption-led economy (70% of GDP), this doesn't bode well for the US because import is a precursor of local consumption.
Please read our post on China to understand the importance of imports since China is also a consumption-led economy.
http://sg-stock.blogspot.com/2019/12/how-is-chinas-economy-doing.html
The reduction in imports usually signals a future reduction in consumption. Since import is part of the GDP formula, the decline in imports will boost the GDP figure.
Please read our post on the GDP calculation.
http://sg-stock.blogspot.com/2019/11/the-latest-us-gdp-growth-is-not.html
Wednesday, January 8, 2020
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 | |
11/07/19 | DMG & Partners | Avi-Tech | 0.35 | 0.41 | Buy | DCF |
12/10/19 | DMG & Partners | Avi-Tech | 0.4 | 0.44 | Buy | DCF |
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 | |
10/25/19 | DBS Vickers | Ascendas India Trust | 1.55 | 1.65 | Buy | DDM |
12/19/19 | DBS Vickers | Ascendas India Trust | 1.53 | 1.65 | 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 January 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
01/08/20 | DMG & Partners | Capitaland | 3.84 | 4.2 | Buy | |
01/08/20 | DMG & Partners | CDL Hospitality | 1.63 | 1.78 | Buy | |
01/08/20 | CIMB | Centurion | 0.44 | 0.61 | Add | DCF |
01/08/20 | UOB Kay Hian | CSE Global | 0.56 | 0.7 | Buy | |
01/08/20 | DMG & Partners | CSE Global | 0.56 | 0.69 | Buy | |
01/08/20 | CIMB | DBS | 26.05 | 28.29 | Add | |
01/08/20 | Kim Eng | DBS | 26.05 | 29.92 | Buy | |
01/08/20 | DMG & Partners | Fu Yu | 0.255 | 0.27 | Buy | |
01/08/20 | DMG & Partners | Keppel Corp | 6.84 | 7.8 | Buy | |
01/08/20 | DMG & Partners | Manulife US Reit | 0.99 | 1.1 | Buy | |
01/08/20 | CIMB | OCBC | 11 | 11.94 | Hold | |
01/08/20 | DMG & Partners | Oxley | 0.375 | 0.43 | Buy | |
01/08/20 | DMG & Partners | Sheng Siong | 1.26 | 1.39 | Buy | |
01/08/20 | DMG & Partners | ST Engineering | 4.02 | 4.55 | Buy | |
01/08/20 | DMG & Partners | Unusual | 0.285 | 0.42 | Buy | |
01/08/20 | CIMB | UOB | 26.7 | 29.1 | Add | |
01/08/20 | DMG & Partners | UOB | 26.7 | 29.5 | Buy | |
01/08/20 | DMG & Partners | Wilmar | 4.29 | 4.75 | Buy |
Iran has retaliated against the US by attacking 2 US bases in Iraq.
https://sg.news.yahoo.com/thousands-prepare-bury-iranian-general-050819484.html
We had stated that Iran would retaliate against the US even though Trump gave a stern warning to Iran that the US would attack 52 targets including cultural sites in Iran if Iran retaliated against the US for the killing of the Iranian top general.
http://sg-stock.blogspot.com/2020/01/the-recession-constellation-is-aligning.html
The ball is in the US court now. The US and Iran would enter into a vicious cycle of retaliation if the US retaliated again. The US had no proper justification to kill the Iranian top general in Iraq in the first place. This unjustified killing had irked and angered the Iraqis and Iranians which prompted the Iraqi parliament to expel the US forces in Iraq.
http://sg-stock.blogspot.com/2020/01/the-truth-behind-us-killing-of-top.html
We had stated that Iran would retaliate against the US even though Trump gave a stern warning to Iran that the US would attack 52 targets including cultural sites in Iran if Iran retaliated against the US for the killing of the Iranian top general.
http://sg-stock.blogspot.com/2020/01/the-recession-constellation-is-aligning.html
The ball is in the US court now. The US and Iran would enter into a vicious cycle of retaliation if the US retaliated again. The US had no proper justification to kill the Iranian top general in Iraq in the first place. This unjustified killing had irked and angered the Iraqis and Iranians which prompted the Iraqi parliament to expel the US forces in Iraq.
http://sg-stock.blogspot.com/2020/01/the-truth-behind-us-killing-of-top.html
Boeing 737 crashed again!
https://news.yahoo.com/ukrainian-airplane-180-aboard-crashes-034030181.html
We had already warned that the Boeing 737 model was a flying coffin on numerous postings.
http://sg-stock.blogspot.com/2019/11/do-not-take-boeing-737-because-it-is.html
We had already warned that the Boeing 737 model was a flying coffin on numerous postings.
http://sg-stock.blogspot.com/2019/11/do-not-take-boeing-737-because-it-is.html
Subscribe to:
Posts (Atom)