http://sg-stock.blogspot.com/2020/01/the-recession-constellation-is-aligning.html
1. Tltro II will expire in March 2020.
2. ISM PMI reported its first contraction for August (Below 50) in September. The US recession may happen at the earliest 6 months later which is in March 2020.
3. The Republicans want to remove its President by March 2020. Nancy Pelosi just needs to get some Republicans to deflect to impeach Trump.
4. The opec+ will end the oil production cut in March 2020. This will affect the US shale oil industry because the US has been gaining the oil market share at the expense of opec+.
5. Iran's retaliation against the US for the latest airstrike.
6. Wuhan virus.
CNY is approaching and there will be massive festive travellers in China. If there is an outbreak during the CNY, the global economy will suffer soon. Just look at the SARS outbreak and its economic impacts and you will know where the global economies are heading.
Thursday, January 23, 2020
Canada and the US are trying to twist and turn the charge against Huawei Meng.
https://sg.finance.yahoo.com/news/canadian-prosecutor-set-defend-u-111334522.html
Yes, bank fraud is a criminal charge in the US and Canada. However, the so-called "bank fraud" was committed in HK and HSBC never reported the bank fraud in HK. Therefore, the US and Canada have no legitimate reason to put Meng under arrest.
If Meng is extradited to the US based on bank fraud committed in HK, then all the bank frauds in the world can be extradited to the US. Meng was first arrested because she violated US sanction against Iran but Canada didn't have Iran sanction at that moment. Thus, there was no double criminality issue at all in the US & Canada.
The US and Canada have a weak case over Meng. If these 2 countries continue with their antics, they will lose their credibilities.
Yes, bank fraud is a criminal charge in the US and Canada. However, the so-called "bank fraud" was committed in HK and HSBC never reported the bank fraud in HK. Therefore, the US and Canada have no legitimate reason to put Meng under arrest.
If Meng is extradited to the US based on bank fraud committed in HK, then all the bank frauds in the world can be extradited to the US. Meng was first arrested because she violated US sanction against Iran but Canada didn't have Iran sanction at that moment. Thus, there was no double criminality issue at all in the US & Canada.
The US and Canada have a weak case over Meng. If these 2 countries continue with their antics, they will lose their credibilities.
Many analysts are casting doubts on the viability of the phase 1 deal between the US and China.
https://www.scmp.com/economy/china-economy/article/3047018/chinas-trade-war-deal-may-be-doomed-start-scepticism-mounts
We had stated much earlier (April 2019) that the US-China trade deal wouldn't work. It would be impossible for China to fulfill the terms in phase 1 deal since it had to be done based on market principles. In other words, many US products are not competitive enough for China to import more.
http://sg-stock.blogspot.com/2020/01/the-phase-1-us-china-trade-deal-can-be.html
We had stated much earlier (April 2019) that the US-China trade deal wouldn't work. It would be impossible for China to fulfill the terms in phase 1 deal since it had to be done based on market principles. In other words, many US products are not competitive enough for China to import more.
http://sg-stock.blogspot.com/2020/01/the-phase-1-us-china-trade-deal-can-be.html
Wednesday, January 22, 2020
Del Monte - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
06/21/19 | Lim & Tan | Del Monte | 0.12 | 0 | Buy |
DBS - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/02/19 | DMG & Partners | DBS | 23.69 | 29.8 | Buy | GGM, PB1.54x FY19 |
01/03/19 | CIMB | DBS | 23.49 | 27 | Hold | PER10.7x FY20 |
01/03/19 | JP Morgan | DBS | 23.49 | 29 | Overweight | |
01/08/19 | UOB Kay Hian | DBS | 23.75 | 28.5 | Buy | |
01/08/19 | Jefferies | DBS | 23.75 | 28.5 | Buy | |
01/29/19 | CIMB | DBS | 24.22 | 29 | Add | GGM, PB1.4x CY19 |
01/31/19 | Kim Eng | DBS | 23.94 | 30.18 | Buy | DDM |
02/01/19 | phillip | DBS | 23.92 | 29.02 | Buy | |
02/08/19 | UOB Kay Hian | DBS | 24.33 | 28.5 | Buy | |
02/12/19 | Kim Eng | DBS | 24.36 | 30.18 | Buy | |
02/18/19 | DMG & Partners | DBS | 24.74 | 29.8 | Buy | |
02/18/19 | Lim & Tan | DBS | 24.74 | 0 | Buy | |
02/19/19 | Jefferies | DBS | 25.2 | 28.5 | Buy | |
02/19/19 | OCBC | DBS | 25.2 | 29.31 | Buy | |
02/19/19 | DMG & Partners | DBS | 25.2 | 28.8 | Buy | GGM, PB1.5x FY19 |
02/19/19 | phillip | DBS | 25.2 | 29 | Buy | GGM, PB1.5x FY19 |
02/19/19 | Kim Eng | DBS | 25.2 | 29.56 | Buy | DDM |
02/19/19 | CIMB | DBS | 25.2 | 29 | Add | GGM |
02/19/19 | UOB Kay Hian | DBS | 25.2 | 28.4 | Buy | |
02/20/19 | Macquarie | DBS | 25.1 | 27 | Neutral | PB |
02/26/19 | Amfrasers | DBS | 25.18 | 27.7 | Buy | RIM |
03/04/19 | phillip | DBS | 25.08 | 29 | Buy | |
03/07/19 | Kim Eng | DBS | 25.36 | 29.56 | Buy | |
03/11/19 | CIMB | DBS | 25.06 | 29 | Add | |
03/13/19 | DMG & Partners | DBS | 25.3 | 28.8 | Buy | GGM, PB1.5x FY19 |
03/26/19 | OCBC | DBS | 25.12 | 29.31 | Buy | |
04/01/19 | UOB Kay Hian | DBS | 25.23 | 28.4 | Buy | |
04/02/19 | phillip | DBS | 25.59 | 29 | Buy | |
04/10/19 | DMG & Partners | DBS | 27 | 29.6 | Buy | PB1.43x FY20 |
04/11/19 | CIMB | DBS | 26.97 | 29 | Add | |
04/22/19 | UOB Kay Hian | DBS | 27.4 | 30.3 | Buy | GGM, PB1.57x FY19 |
04/22/19 | Kim Eng | DBS | 27.4 | 29.56 | Buy | |
04/29/19 | Lim & Tan | DBS | 27.41 | 0 | Buy | |
04/29/19 | Citibank | DBS | 27.41 | 31.1 | Buy | |
04/30/19 | Macquarie | DBS | 28.4 | 27 | Neutral | |
04/30/19 | phillip | DBS | 28.4 | 29 | Accumulate | GGM, PB1.5x FY19 |
04/30/19 | OCBC | DBS | 28.4 | 29.18 | Hold | Buy @ $27.50 or lower |
04/30/19 | CIMB | DBS | 28.4 | 30 | Add | GGM, PB1.54x |
04/30/19 | DMG & Partners | DBS | 28.4 | 30.8 | Buy | PB1.5x FY20 |
04/30/19 | Lim & Tan | DBS | 28.4 | 30 | Hold | |
05/02/19 | Amfrasers | DBS | 28.25 | 27.7 | Hold | |
05/02/19 | Jefferies | DBS | 28.25 | 31.5 | Buy | PER13.1x FY20 |
05/07/19 | OCBC | DBS | 26.53 | 27.5 | Hold | |
05/13/19 | UOB Kay Hian | DBS | 26.55 | 30.5 | Buy | |
05/13/19 | Citibank | DBS | 26.55 | 27 | Neutral | |
05/14/19 | DMG & Partners | DBS | 26 | 30.8 | Buy | GGM, PB1.5x FY20 |
05/22/19 | CIMB | DBS | 25.74 | 27.64 | Hold | |
05/22/19 | Kim Eng | DBS | 25.74 | 29.46 | Buy | |
06/03/19 | CIMB | DBS | 24.29 | 27.64 | Hold | |
06/06/19 | phillip | DBS | 24.27 | 29 | Accumulate | |
06/13/19 | UOB Kay Hian | DBS | 24.7 | 30.5 | Buy | |
06/17/19 | Kim Eng | DBS | 24.81 | 29.46 | Buy | |
06/19/19 | OCBC | DBS | 24.8 | 29.18 | Buy | Buy @ $27.50 or lower |
07/01/19 | Kim Eng | DBS | 25.96 | 29.46 | Buy | |
07/01/19 | UOB Kay Hian | DBS | 25.96 | 30.5 | Buy | GGM, PB1.59x FY19 |
07/02/19 | OCBC | DBS | 26.6 | 29.2 | Buy | GGM, PB1.4x, PER14.7x |
07/03/19 | phillip | DBS | 26.5 | 29 | Accumulate | |
07/08/19 | DMG & Partners | DBS | 25.63 | 30.8 | Buy | PB1.5x FY20 |
07/12/19 | DMG & Partners | DBS | 25.61 | 30.3 | Buy | PB1.47x FY20 |
07/29/19 | Lim & Tan | DBS | 26.88 | 0 | Buy | |
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 | |
07/31/19 | Macquarie | DBS | 26.49 | 25.8 | Neutral | PB |
07/31/19 | phillip | DBS | 26.49 | 27.6 | Accumulate | GGM, PB1.4x |
08/23/19 | DMG & Partners | DBS | 24.59 | 28.3 | Neutral | |
08/29/19 | Macquarie | DBS | 24.02 | 25.8 | Neutral | PB |
09/05/19 | phillip | DBS | 24.54 | 27.6 | Accumulate | |
09/06/19 | DMG & Partners | DBS | 24.63 | 25.3 | Neutral | GGM, PB1.23x FY20 |
09/26/19 | Kim Eng | DBS | 24.73 | 28.05 | Hold | |
09/27/19 | CIMB | DBS | 24.82 | 27.59 | Hold | |
10/01/19 | UOB Kay Hian | DBS | 25 | 31.3 | Buy | |
10/04/19 | phillip | DBS | 24.57 | 27.6 | Accumulate | |
10/29/19 | UOB Kay Hian | DBS | 25.18 | 29.75 | Buy | |
11/05/19 | phillip | DBS | 26.13 | 27.6 | Accumulate | |
11/11/19 | DMG & Partners | DBS | 26.61 | 25.3 | Neutral | GGM, PB1.23x FY20 |
11/11/19 | Lim & Tan | DBS | 26.61 | 0 | Buy on weakness | |
11/12/19 | Macquarie | DBS | 26.64 | 25.8 | Neutral | PB |
11/12/19 | phillip | DBS | 26.64 | 27.3 | Accumulate | GGM, PB1.4x |
11/12/19 | DMG & Partners | DBS | 26.64 | 25.8 | Neutral | GGM, PB1.28x FY20 |
11/12/19 | Kim Eng | DBS | 26.64 | 29.92 | Buy | DDM |
11/12/19 | UOB Kay Hian | DBS | 26.64 | 30 | Buy | |
12/02/19 | CIMB | DBS | 25.25 | 28.29 | Hold | |
12/02/19 | Kim Eng | DBS | 25.25 | 29.92 | Buy | |
12/03/19 | DMG & Partners | DBS | 25.13 | 25.8 | Neutral | |
12/04/19 | phillip | DBS | 24.98 | 27.3 | Accumulate | |
01/03/20 | UOB Kay Hian | DBS | 26.11 | 30 | Buy | |
01/08/20 | CIMB | DBS | 26.05 | 28.29 | Add | |
01/08/20 | Kim Eng | DBS | 26.05 | 29.92 | Buy | |
01/14/20 | DMG & Partners | DBS | 26.1 | 25.8 | Neutral | GGM, PB1.28x FY20 |
Dasin Retail - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/15/19 | phillip | Dasin Retail | 0.885 | 0.95 | Accumulate | DDM |
02/28/19 | phillip | Dasin Retail | 0.885 | 0.94 | Accumulate | DDM, PB0.64x |
05/15/19 | phillip | Dasin Retail | 0.87 | 0.94 | Accumulate | DDM, PB0.6x |
06/19/19 | phillip | Dasin Retail | 0.88 | 0.94 | Accumulate | |
07/22/19 | phillip | Dasin Retail | 0.875 | 0.94 | Accumulate | |
08/16/19 | phillip | Dasin Retail | 0.87 | 0.94 | Accumulate | DDM, PB0.65x |
09/24/19 | phillip | Dasin Retail | 0.845 | 0.94 | Accumulate | |
10/18/19 | phillip | Dasin Retail | 0.845 | 0.94 | Accumulate | |
11/25/19 | phillip | Dasin Retail | 0.84 | 0.94 | Accumulate | |
11/27/19 | phillip | Dasin Retail | 0.84 | 0.88 | Accumulate | DDM, PB0.62x FY19 |
Stock calls for 22 January 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
01/22/20 | Jefferies | CapitaCommercial | 2.13 | 2.3 | Buy | |
01/22/20 | Phillip | Ireit | 0.815 | 0.885 | Accumulate | DDM |
01/22/20 | CIMB | Keppel DC Reit | 2.25 | 2.03 | Hold | DDM |
01/22/20 | DBS Vickers | Keppel Infrastructure | 0.55 | 0.58 | Buy | DDM |
01/22/20 | DMG & Partners | Keppel Pacific | 0.765 | 0.88 | Buy | DDM |
01/22/20 | OCBC | Mapletree Industrial | 2.78 | 2.87 | Hold | |
01/22/20 | DBS Vickers | Mapletree Industrial | 2.78 | 3 | Buy | |
01/22/20 | DBS Vickers | Mapletree Logistics | 1.82 | 1.9 | Buy | DCF |
01/22/20 | CIMB | Mapletree Logistics | 1.82 | 1.56 | Hold | DDM |
01/22/20 | CIMB | Mapletree North Asia | 1.24 | 1.31 | Add | DDM |
01/22/20 | DBS Vickers | Mapletree North Asia | 1.24 | 1.35 | Buy | DCF |
01/22/20 | Lim & Tan | Parkway Life | 3.4 | 0 | Hold |
Dairy Farm - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/04/19 | DMG & Partners | Dairy Farm | 8.57 | 8.64 | Neutral | DCF |
03/04/19 | DBS Vickers | Dairy Farm | 8.57 | 8.44 | Hold | Sum of parts |
03/06/19 | CIMB | Dairy Farm | 8.33 | 8.54 | Hold | PER23.5x FY20 |
03/20/19 | DMG & Partners | Dairy Farm | 7.41 | 8.25 | Buy | DCF |
04/05/19 | DMG & Partners | Dairy Farm | 8.14 | 8.25 | Buy | |
05/30/19 | DMG & Partners | Dairy Farm | 7.83 | 8.25 | Neutral | DCF |
07/02/19 | DMG & Partners | Dairy Farm | 7.29 | 8.25 | Neutral | |
08/02/19 | DBS Vickers | Dairy Farm | 7.38 | 7.99 | Hold | Sum of parts |
08/05/19 | DMG & Partners | Dairy Farm | 7.6 | 7.38 | Neutral | DCF |
08/13/19 | CIMB | Dairy Farm | 6.98 | 7.29 | Hold | PER23x CY20 |
09/23/19 | DMG & Partners | Dairy Farm | 6.65 | 6.63 | Neutral | DCF |
11/29/19 | CIMB | Dairy Farm | 5.93 | 5.4 | Reduce | PER22x CY20 |
12/11/19 | DMG & Partners | Dairy Farm | 5.9 | 6.63 | Neutral |
CSE Global - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/04/19 | UOB Kay Hian | CSE Global | 0.385 | 0.59 | Buy | |
01/07/19 | DMG & Partners | CSE Global | 0.395 | 0.59 | Buy | DCF |
01/11/19 | Lim & Tan | CSE Global | 0.395 | 0 | Buy | |
01/15/19 | CIMB | CSE Global | 0.405 | 0.56 | Add | PER13.5x FY20 |
01/22/19 | Amfrasers | CSE Global | 0.43 | 0.57 | Buy | |
02/08/19 | UOB Kay Hian | CSE Global | 0.455 | 0.59 | Buy | |
02/22/19 | DMG & Partners | CSE Global | 0.465 | 0.6 | Buy | DCF |
02/22/19 | CIMB | CSE Global | 0.465 | 0.6 | Add | PER13.5x FY19 |
02/22/19 | UOB Kay Hian | CSE Global | 0.465 | 0.62 | Buy | |
03/05/19 | Amfrasers | CSE Global | 0.505 | 0.58 | Buy | |
03/26/19 | UOB Kay Hian | CSE Global | 0.54 | 0.62 | Buy | |
03/26/19 | DMG & Partners | CSE Global | 0.54 | 0.61 | Buy | DCF |
03/26/19 | CIMB | CSE Global | 0.54 | 0.6 | Add | |
04/02/19 | Lim & Tan | CSE Global | 0.545 | 0 | Buy | |
05/07/19 | DMG & Partners | CSE Global | 0.475 | 0.61 | Buy | DCF, PER13.7x FY19 |
05/07/19 | Lim & Tan | CSE Global | 0.475 | 0 | Buy | |
05/09/19 | UOB Kay Hian | CSE Global | 0.485 | 0.62 | Buy | |
05/21/19 | Amfrasers | CSE Global | 0.49 | 0.58 | Buy | Sum of parts, PER12.5x FY19, PB2.1x FY19 |
05/28/19 | CIMB | CSE Global | 0.475 | 0.6 | Add | |
06/06/19 | DMG & Partners | CSE Global | 0.48 | 0.61 | Buy | |
08/15/19 | Lim & Tan | CSE Global | 0.435 | 0 | Buy | |
08/16/19 | DMG & Partners | CSE Global | 0.44 | 0.61 | Buy | DCF |
08/16/19 | UOB Kay Hian | CSE Global | 0.44 | 0.62 | Buy | |
08/29/19 | CIMB | CSE Global | 0.425 | 0.6 | Add | PER13.5x FY20 |
09/03/19 | Lim & Tan | CSE Global | 0.44 | 0 | Buy | |
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 |
09/06/19 | DBS Vickers | CSE Global | 0.47 | 0.65 | Buy | PER12x FY20 |
09/09/19 | CIMB | CSE Global | 0.465 | 0.68 | Add | |
09/10/19 | Amfrasers | CSE Global | 0.46 | 0.64 | Outperform | Sum of parts, PER12x, PB2x |
10/02/19 | DMG & Partners | CSE Global | 0.46 | 0.69 | Buy | |
10/11/19 | UOB Kay Hian | CSE Global | 0.465 | 0.65 | Buy | |
10/31/19 | CIMB | CSE Global | 0.525 | 0.68 | Buy | |
11/01/19 | DMG & Partners | CSE Global | 0.525 | 0.69 | Buy | DCF |
11/07/19 | Lim & Tan | CSE Global | 0.54 | 0 | Buy | |
11/08/19 | UOB Kay Hian | CSE Global | 0.53 | 0.7 | Buy | |
11/08/19 | Amfrasers | CSE Global | 0.53 | 0.61 | Outperform | Sum of parts |
11/08/19 | DBS Vickers | CSE Global | 0.53 | 0.69 | Buy | PER12x FY20 |
11/25/19 | CIMB | CSE Global | 0.54 | 0.73 | Add | |
12/02/19 | Amfrasers | CSE Global | 0.525 | 0.61 | Outperform | Sum of parts |
12/09/19 | Lim & Tan | CSE Global | 0.525 | 0 | Buy | |
12/10/19 | DMG & Partners | CSE Global | 0.535 | 0.69 | buy | |
12/27/19 | CIMB | CSE Global | 0.545 | 0.73 | Add | |
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 |
Cromwell Reit (EUR) - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/15/19 | DBS Vickers | Cromwell Reit (EUR) | 0.49 | 0.59 | Buy | DCF |
06/24/19 | Lim & Tan | Cromwell Reit (EUR) | 0.505 | 0 | Hold |
Stock calls for 21 January 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
01/21/20 | DMG & Partners | China Aviation Oil | 1.28 | 1.55 | Buy | |
01/21/20 | DBS Vickers | Mapletree Logistics | 1.81 | 1.9 | Buy | DCF |
01/21/20 | OCBC | Mapletree Logistics | 1.81 | 1.59 | Hold | |
01/21/20 | Lim & Tan | Mapletree Logistics | 1.81 | 0 | Hold | |
01/21/20 | CIMB | Sembcorp Industries | 2.28 | 2.78 | Add | |
01/21/20 | UOB Kay Hian | Sembcorp Marine | 1.28 | 1.4 | Hold | |
01/21/20 | UOB Kay Hian | Starhub | 1.48 | 1.45 | Hold | DCF, Buy @ $1.25 |
Monday, January 20, 2020
Comfortdelgro - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/25/19 | DBS Vickers | Comfortdelgro | 2.24 | 2.56 | Buy | |
02/01/19 | CIMB | Comfortdelgro | 2.33 | 2.74 | Add | DCF |
02/08/19 | UOB Kay Hian | Comfortdelgro | 2.36 | 2.59 | Buy | PER16.8x FY19 |
02/08/19 | DBS Vickers | Comfortdelgro | 2.36 | 2.56 | Buy | |
02/14/19 | phillip | Comfortdelgro | 2.38 | 2.72 | Accumulate | DCF, PER18.5x FY19 |
02/14/19 | UOB Kay Hian | Comfortdelgro | 2.38 | 2.66 | Buy | PER16.8x FY19 |
02/14/19 | OCBC | Comfortdelgro | 2.38 | 2.38 | Hold | |
02/14/19 | DMG & Partners | Comfortdelgro | 2.38 | 2.65 | Buy | |
02/14/19 | DBS Vickers | Comfortdelgro | 2.38 | 2.57 | Buy | DCF & PER16x FY19 |
02/19/19 | Amfrasers | Comfortdelgro | 2.41 | 2.77 | Buy | PER19x FY19 |
03/04/19 | Kim Eng | Comfortdelgro | 2.43 | 2.45 | Hold | DCF |
03/08/19 | CIMB | Comfortdelgro | 2.41 | 2.74 | Add | DCF |
03/22/19 | UOB Kay Hian | Comfortdelgro | 2.54 | 2.77 | Buy | PER17.5x FY20 |
04/03/19 | DMG & Partners | Comfortdelgro | 2.59 | 2.65 | Take Profit | Buy below $2.50 |
04/16/19 | OCBC | Comfortdelgro | 2.63 | 2.63 | Hold | DCF |
04/30/19 | CIMB | Comfortdelgro | 2.69 | 2.88 | Add | DCF, PER18.1x FY20 |
05/08/19 | CIMB | Comfortdelgro | 2.61 | 2.88 | Add | DCF |
05/15/19 | DMG & Partners | Comfortdelgro | 2.57 | 2.65 | Take Profit | |
05/15/19 | OCBC | Comfortdelgro | 2.57 | 2.69 | Hold | |
05/15/19 | UOB Kay Hian | Comfortdelgro | 2.57 | 2.77 | Buy | |
05/16/19 | DBS Vickers | Comfortdelgro | 2.52 | 2.59 | Hold | DCF, PER17.7x, Buy @ $2.40 |
05/16/19 | Kim Eng | Comfortdelgro | 2.52 | 2.4 | Hold | |
05/16/19 | Amfrasers | Comfortdelgro | 2.52 | 2.77 | Buy | PER19x FY19 |
05/17/19 | phillip | Comfortdelgro | 2.54 | 2.72 | Accumulate | DCF, PER16.8x FY19 |
05/28/19 | CIMB | Comfortdelgro | 2.45 | 2.82 | Add | |
06/12/19 | UOB Kay Hian | Comfortdelgro | 2.55 | 2.77 | Buy | |
06/18/19 | DMG & Partners | Comfortdelgro | 2.58 | 2.65 | Neutral | DCF & FCF |
07/10/19 | Kim Eng | Comfortdelgro | 2.84 | 2.76 | Hold | DCF |
07/10/19 | UOB Kay Hian | Comfortdelgro | 2.84 | 3.08 | Buy | PER19.5x FY20 |
07/11/19 | Amfrasers | Comfortdelgro | 2.82 | 2.77 | Neutral | PER19x FY19 |
07/15/19 | phillip | Comfortdelgro | 2.81 | 2.99 | Accumulate | DCF |
07/22/19 | DMG & Partners | Comfortdelgro | 2.8 | 2.65 | Neutral | DCF |
08/14/19 | CIMB | Comfortdelgro | 2.62 | 2.78 | Add | DCF |
08/14/19 | DMG & Partners | Comfortdelgro | 2.62 | 2.55 | Neutral | DCF |
08/14/19 | OCBC | Comfortdelgro | 2.62 | 2.91 | Hold | |
08/14/19 | phillip | Comfortdelgro | 2.62 | 2.99 | Accumulate | DCF, PER18.6x FY19 |
08/14/19 | UOB Kay Hian | Comfortdelgro | 2.62 | 2.95 | Buy | |
08/14/19 | DBS Vickers | Comfortdelgro | 2.62 | 2.59 | Hold | |
08/15/19 | Amfrasers | Comfortdelgro | 2.51 | 2.77 | Neutral | PER19x FY19 |
08/15/19 | CIMB | Comfortdelgro | 2.51 | 2.78 | Add | |
09/04/19 | DBS Vickers | Comfortdelgro | 2.46 | 2.59 | Hold | |
09/19/19 | DMG & Partners | Comfortdelgro | 2.45 | 2.55 | Neutral | DCF |
10/02/19 | Kim Eng | Comfortdelgro | 2.41 | 2.76 | Buy | DCF |
10/09/19 | UOB Kay Hian | Comfortdelgro | 2.42 | 2.95 | Buy | |
10/09/19 | DBS Vickers | Comfortdelgro | 2.42 | 2.59 | Hold | |
11/14/19 | Kim Eng | Comfortdelgro | 2.38 | 2.7 | Buy | DCF |
11/14/19 | DMG & Partners | Comfortdelgro | 2.38 | 2.38 | Neutral | DCF |
11/14/19 | UOB Kay Hian | Comfortdelgro | 2.38 | 2.27 | Hold | Buy @ $2 |
11/14/19 | DBS Vickers | Comfortdelgro | 2.38 | 2.48 | Hold | Sum of parts, PER17.8x FY20 |
11/14/19 | CIMB | Comfortdelgro | 2.38 | 2.28 | Hold | DCF |
11/20/19 | Amfrasers | Comfortdelgro | 2.36 | 2.61 | Outperform | PER19x FY20 |
11/21/19 | phillip | Comfortdelgro | 2.35 | 2.56 | Accumulate | DCF, PER18.6x FY19 |
12/02/19 | Amfrasers | Comfortdelgro | 2.35 | 2.61 | Outperform | PER19x FY20 |
12/06/19 | DMG & Partners | Comfortdelgro | 2.4 | 2.38 | Neutral | DCF |
CNMC - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/01/19 | phillip | CNMC | 0.225 | 0.31 | Buy | DCF |
03/12/19 | Tayrona | CNMC | 0.21 | 0.31 | Overweight | |
05/22/19 | phillip | CNMC | 0.2 | 0.31 | Buy | DCF |
08/19/19 | phillip | CNMC | 0.3 | 0.33 | Accumulate | DCF |
Clearbridge - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
04/01/19 | phillip | Clearbridge | 0.142 | 0.28 | Buy | DCF |
05/30/19 | phillip | Clearbridge | 0.149 | 0.28 | Buy | DCF |
09/06/19 | phillip | Clearbridge | 0.142 | 0.26 | Buy | DCF |
Stock calls for 20 January 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
01/20/20 | DMG & Partners | Bumitama | 0.741 | 0.95 | Buy | PER16x FY20 |
01/20/20 | DMG & Partners | First Resources | 1.77 | 2.3 | Buy | PER18x FY20 |
01/20/20 | DMG & Partners | Golden Agri | 0.235 | 0.27 | Buy | Sum of parts |
01/20/20 | UOB Kay Hian | Japfa | 0.64 | 0.8 | Buy | |
01/20/20 | UOB Kay Hian | Keppel Corp | 6.84 | 7.61 | Buy | |
01/20/20 | OCBC | Mapletree North Asia | 1.24 | 1.37 | Buy | |
01/20/20 | Lim & Tan | Mapletree North Asia | 1.24 | 0 | Hold | |
01/20/20 | UOB Kay Hian | Yangzijiang | 1.16 | 1.46 | Buy |
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