Japfa - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/29/19	CIMB	Japfa	0.82	0.9	Add	Sum of parts
01/30/19	Kim Eng	Japfa	0.81	0.99	Buy
03/01/19	CIMB	Japfa	0.765	0.9	Add	Sum of parts
03/05/19	UOB Kay Hian	Japfa	0.705	0.98	Buy	Sum of parts, PER10.7x FY19
03/05/19	DBS Vickers	Japfa	0.705	0.8	Buy	Sum of parts (15% discount), PER11.4x FY19
03/14/19	CIMB	Japfa	0.715	0.63	Reduce	Sum of parts
03/21/19	Kim Eng	Japfa	0.65	1.05	Buy	Sum of parts
04/02/19	Kim Eng	Japfa	0.665	1.05	Buy
05/03/19	UOB Kay Hian	Japfa	0.605	0.73	Buy	Sum of parts
05/03/19	DBS Vickers	Japfa	0.605	0.61	Hold	Sum of parts (10% discount), PER14x FY19
05/27/19	Kim Eng	Japfa	0.575	0.93	Buy	Sum of parts
07/31/19	UOB Kay Hian	Japfa	0.515	0.48	Hold	Sum of parts, Buy @ $0.42
08/01/19	Kim Eng	Japfa	0.51	0.73	Buy	Sum of parts
08/05/19	DBS Vickers	Japfa	0.5	0.53	Hold	Sum of parts (10% discount), PER12.5x FY19
09/13/19	Kim Eng	Japfa	0.485	0.73	Buy	Sum of parts
11/01/19	UOB Kay Hian	Japfa	0.49	0.5	Hold	Sum of parts, Buy @ $0.44
11/01/19	DBS Vickers	Japfa	0.49	0.53	Hold
11/01/19	CIMB	Japfa	0.49	0.56	Add
11/20/19	CIMB	Japfa	0.61	0.7	Add	PER12x FY21
01/20/20	UOB Kay Hian	Japfa	0.64	0.8	Buy
01/31/20	CIMB	Japfa	0.56	0.69	Add
01/31/20	Kim Eng	Japfa	0.56	0.72	Buy

Japan Foods - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/12/19	Amfrasers	Japan Foods	0.415	0.57	Hold	DCF
03/08/19	DMG & Partners	Japan Foods	0.43	0.45	Neutral
04/05/19	DMG & Partners	Japan Foods	0.435	0.45	Neutral
05/22/19	Amfrasers	Japan Foods	0.44	0.55	Neutral	DCF
05/23/19	DMG & Partners	Japan Foods	0.44	0.4	Hold
06/06/19	DMG & Partners	Japan Foods	0.43	0.4	Neutral
08/22/19	DMG & Partners	Japan Foods	0.435	0.4	Neutral	Sum of parts
11/08/19	DMG & Partners	Japan Foods	0.435	0.4	Neutral	Sum of parts
11/11/19	Amfrasers	Japan Foods	0.425	0.46	Neutral
12/02/19	Amfrasers	Japan Foods	0.43	0.46	Neutral
12/11/19	DMG & Partners	Japan Foods	0.425	0.4	Neutral

Stock calls for 17 February 2020

Date	Analyst	Company	Last	Target	Call	Valuation
02/17/20	DMG & Partners	Avi-Tech	0.39	0.5	Buy	DCF
02/17/20	DMG & Partners	Comfortdelgro	2.18	2.25	Neutral	DCF, PER18x FY20
02/17/20	UOB Kay Hian	Comfortdelgro	2.18	2.15	Hold	Buy @ $1.95
02/17/20	DBS Vickers	Comfortdelgro	2.18	2.26	Hold	DCF & PER17.7x FY20
02/17/20	CIMB	Comfortdelgro	2.18	2.08	Hold	Buy @ $1.88
02/17/20	OCBC	Far East Hospitality	0.66	0.65	Sell
02/17/20	UOB Kay Hian	Far East Hospitality	0.66	0.65	Hold	Buy @ $0.60
02/17/20	Kim Eng	Far East Hospitality	0.66	0.7	Hold	DDM
02/17/20	CIMB	Far East Hospitality	0.66	0.65	Hold	DDM
02/17/20	Kim Eng	Frasers Hospitality Trust	0.69	0.8	Buy
02/17/20	Lim & Tan	Overseas Edu	0.365	0	Buy
02/17/20	phillip	SATS	4.43	4.45	Neutral	DCF, PER19x FY21
02/17/20	Phillip	Singtel	3.22	3.18	Neutral	Sum of parts
02/17/20	Phillip	Thai Beverage	0.785	0.95	Buy	Sum of parts
02/17/20	DMG & Partners	Thai Beverage	0.785	0.92	Buy	Sum of parts
02/17/20	UOB Kay Hian	Thai Beverage	0.785	0.9	Hold	Buy @ $0.75
02/17/20	CIMB	Thai Beverage	0.785	0.9	Add	Sum of parts
02/17/20	DBS Vickers	Yoma	0.325	0.5	Buy

Singapore's January Nodx fell by 3.3%

https://www.businesstimes.com.sg/government-economy/singapore-exports-the-canary-in-the-coal-mine-for-covid-19-impact-fall-by-33-in

Year on year changes (YOY):

January 2020: - 3.3%

December 2019: 2.4%

November 2019: - 5.9%

October 2019: - 12.3%

September 2019: -8.1%

August 2019: - 8.9%

July 2019: -11.2%

June 2019: -17.3%

May 2019: -15.9%

April 2019: -10%

March 2019: -11.7%

February 2019: 4.9%

January 2019: -10.1%

December 2018: -8.5%

November 2018: -2.6%

October 2018: 8.3%

September 2018: 8.3%

August 2018: 5%

July 2018: 11.8% (Corrected)

June 2018: 1.1%

May 2018: 15.5%

April 2018: 11.8%

March 2018: -2.7%

February 2018: -5.9%

January 2018: 13%

December 2017: 3.1%

November 2017: 9.1%

October 2017: 20.9%

September 2017: -1.1%

August 2017: 16.7%

July 2017: 8.5%

June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%

http://sg-stock.blogspot.com/2020/01/httpsfinance.html

China can stabilize its stock markets but not the real economy. - Part 2

https://www.albanyherald.com/news/business/small-businesses-drive-china-s-economy-the-coronavirus-outbreak-could/article_c2c842b8-47d2-5ce1-8b26-d5ec29a6ba1b.html

85% of SMEs in China can only last for 3 months and many bankruptcies will happen in Q2 2020.

This was the reason why we had stated in our earlier post below that the Q2 would be worse than Q1 because the full economic impacts would be reflected in Q2.

http://sg-stock.blogspot.com/2020/02/beijing-shanghai-and-chongqing-are-in.html

Since these SMEs are not listed publicly, they do not affect the stock markets in China.  Therefore, the stabilization of the stock markets does not reflect the true economic situation in China.

http://sg-stock.blogspot.com/2020/02/china-can-stabilize-its-stock-markets.html

Red alert: A major covid-19 virus outbreak may happen in Japan.

Numerous local transmissions have been reported in Japan and Japan may be facing a major covid-19 virus outbreak.  It might become the next Wuhan.

Japan had no experience in dealing with SARS in 2003 because it managed to avoid the SARS outbreak.  Therefore, it doesn't know how to handle the covid-19 virus outbreak on its land now.

Furthermore, Japan doesn't have adequate medical supplies for this virus outbreak because it doesn't expect any local transmission.

If Japan becomes the next Wuhan, its stock markets will collapse.

Baltic dry index - 425

Today, Friday, February 14 2020, the Baltic Dry Index climbed by 4 points, reaching 425 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 - 790

Related stock: Keppel Corp, Sembcorp Marine & Cosco.

The "Big" dengue outbreak in Singapore will paralyze the healthcare services.

https://sg.style.yahoo.com/big-dengue-outbreak-could-infect-051531391.html

Singapore must be able to contain the next "Big" dengue outbreak or else it will paralyze our healthcare services.  Why?

SG is running low on blood supply now and cannot afford to have any major blood transfusion incident.  A major dengue outbreak will deplete the current blood supply and take away many lives.

https://sg.news.yahoo.com/donors-needed-singapore-blood-supply-critically-low-amid-covid-19-outbreak-150246258.html

SG must be super vigilant now.

Becareful when you travel to the US because of the 2020 US flu.

https://www.cnbc.com/2020/02/03/the-flu-has-already-killed-10000-across-us-as-world-frets-over-coronavirus.html

Many foreign media like to prance upon the chance to report any misgiving about China but they are afraid to report anything bad about the US for fear of riposte especially sanction or tariff.

The 2020 US flu has infected more than 19m Americans and killed more than 10,000 people in the US.  The US flu virus outbreak is not widely reported in the world because most media like to report bad things about China.

Therefore, anybody travelling to the US must get a flu jab first to reduce the chance of getting infected in the US.  A flu jab might not be a foolproof prophylactic measure because there are many variants of flu but it is still worth to take the jab.  Just avoid the US and China if possible is the best measure. 

The infected Chinese are dropping dead on China streets, in the eateries and offices.

China government is hiding the true situation and death rate.  These leaked videos are showing the severity of the virus outbreak in China.

Jadason - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/19	CIMB	Jadason	0.02	0.066	Add
05/13/19	CIMB	Jadason	0.038	0.059	Add	PB1x CY19