Date | Analyst | Company | Last | Target | Call | Valuation |
02/27/20 | DMG & Partners | Capitaland | 3.67 | 4.2 | Buy | RNAV (20% discount) |
02/27/20 | OCBC | Capitaland | 3.67 | 4.24 | Buy | RNAV (20% discount) |
02/27/20 | CIMB | Capitaland | 3.67 | 4.25 | Add | |
02/27/20 | CIMB | China Aviation Oil | 1.16 | 1.25 | Hold | PER8.5x FY21 |
02/27/20 | CIMB | City Developments | 10.37 | 12.09 | Add | |
02/27/20 | OCBC | City Developments | 10.37 | 12.01 | Buy | RNAV (35% discount) |
02/27/20 | DBS Vickers | City Developments | 10.37 | 13 | Buy | |
02/27/20 | Lim & Tan | Fu Yu | 0.25 | 0 | Hold | |
02/27/20 | phillip | Penguin | 0.675 | 0.88 | Buy | PER5x FY20 (ex-cash) |
02/27/20 | CIMB | Riverstone | 1.05 | 1.3 | Add | |
02/27/20 | DBS Vickers | Riverstone | 1.05 | 1.34 | Buy |
Thursday, February 27, 2020
Stock calls for 27 February 2020
Omg! Japan is fudging its covid-19 statistics because of the upcoming Olympics.
https://www.cnbc.com/2020/02/25/coronavirus-tokyo-games-ioc-member-says-more-likely-to-cancel-than-move.html
There is reliable speculation that Japan is fudging its covid-19 statistics to avoid cancellation of the Olympics as the IOC will cancel the event if the virus outbreak is not contained by May in Japan. Some Japanese are complaining that their government is refusing to check people with some symptoms thoroughly for covid-19 virus because the government doesn't want to increase the covid-19 cases in Japan.
Japan has already spent billions to prepare and build infrastructures for the upcoming Olympics in July. If this event is cancelled, Japanese firms will lose billions and many will go bankrupt. Some hotels have closed down because of the covid-19 outbreak as there are few tourists now.
If Japan was allowed to hold the Olympics with its pseudo covid-19 statistics, there would be a major pandemic thereafter. Consequently, there will be a global recession and global stock market crashes.
There is reliable speculation that Japan is fudging its covid-19 statistics to avoid cancellation of the Olympics as the IOC will cancel the event if the virus outbreak is not contained by May in Japan. Some Japanese are complaining that their government is refusing to check people with some symptoms thoroughly for covid-19 virus because the government doesn't want to increase the covid-19 cases in Japan.
Japan has already spent billions to prepare and build infrastructures for the upcoming Olympics in July. If this event is cancelled, Japanese firms will lose billions and many will go bankrupt. Some hotels have closed down because of the covid-19 outbreak as there are few tourists now.
If Japan was allowed to hold the Olympics with its pseudo covid-19 statistics, there would be a major pandemic thereafter. Consequently, there will be a global recession and global stock market crashes.
Wednesday, February 26, 2020
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 |
09/03/19 | Phillip | Micro-Mechanics | 1.59 | 1.6 | Neutral | PER15x FY20 |
11/05/19 | Phillip | Micro-Mechanics | 1.9 | 1.6 | Reduce | |
02/12/20 | Phillip | Micro-Mechanics | 1.88 | 1.6 | Reduce | PER15x FY20 |
Mermaid Maritime - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/19/19 | DBS Vickers | Mermaid Maritime | 0.084 | 0.06 | Sell | Sum of parts |
03/19/19 | CIMB | Mermaid Maritime | 0.084 | 0.158 | Hold | PB0.48x CY18 |
Memtech - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/28/19 | Lim & Tan | Memtech | 1.03 | 0 | Buy on weakness | |
02/28/19 | CIMB | Memtech | 1.03 | 1.08 | Hold | PER8.5x FY20 |
03/01/19 | UOB Kay Hian | Memtech | 0.985 | 1.33 | Buy | PER11x FY19 |
04/26/19 | UOB Kay Hian | Memtech | 0.96 | 1.33 | Buy | |
05/15/19 | CIMB | Memtech | 1.09 | 1.35 | Accept offer | offer $1.35 |
05/15/19 | Lim & Tan | Memtech | 1.09 | 1.35 | Accept offer | offer $1.35 |
06/17/19 | Lim & Tan | Memtech | 1.33 | 1.35 | Accept offer | offer $1.35 |
Stock calls for 26 February 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
02/26/20 | Phillip | APAC Realty | 0.49 | 0.55 | Accumulate | DCF |
02/26/20 | DMG & Partners | Breadtalk | 0.645 | 0.77 | Accept offer | offer @ $0.77 |
02/26/20 | OCBC | Capitaland | 3.72 | 4.42 | Buy | |
02/26/20 | OCBC | City Developments | 10.66 | 12.02 | Buy | |
02/26/20 | DMG & Partners | First Resources | 1.66 | 2 | Buy | PER17x FY20 |
02/26/20 | DMG & Partners | Food Empire | 0.735 | 0.88 | Buy | PER12x FY20 |
02/26/20 | UOB Kay Hian | Food Empire | 0.735 | 0.92 | Buy | |
02/26/20 | UOB Kay Hian | Fu Yu | 0.26 | 0.3 | Buy | |
02/26/20 | DBS Vickers | Fu Yu | 0.26 | 0.35 | Buy | PER11.8x FY20 |
02/26/20 | CIMB | Penguin | 0.71 | 0.82 | Add | PB1x FY20 |
02/26/20 | UOB Kay Hian | Penguin | 0.71 | 0.85 | Buy | |
02/26/20 | phillip | Raffles Medical | 1.01 | 0.99 | Neutral | DCF |
02/26/20 | CIMB | UMS | 0.965 | 1.08 | Add | GGM, PB2.16x FY20 |
02/26/20 | DBS Vickers | UMS | 0.965 | 1.12 | Buy | PER15x FY20 |
The US yield curve inversion has happened again in 2020! - Part 2
The US risk-free rate (10-year yield) is at 1.33% which is lower than 1-m, 2-m, 3-m and 6-m. Moreover, the risk-free rate is lower than the Fed's set rates of 1.5%-1.75%.
Why is the inversion a chaotic condition? Please read our previous post below for the explanation.
http://sg-stock.blogspot.com/2019/03/the-us-treasurys-situation-is-getting.html
Why is the inversion a chaotic condition? Please read our previous post below for the explanation.
http://sg-stock.blogspot.com/2019/03/the-us-treasurys-situation-is-getting.html
Many western media like to paint a bad picture about Asia but statistics don't lie.
https://sg.finance.yahoo.com/news/economic-contagion-spreads-beyond-china-023325202.html
Yes, economic contagion will spread beyond China to the rest of the world and not just Asia. Europe and the US won't be spared too!
In fact, economic fissures have started to appear in the US due to the covid-19 outbreak.
The largest port in the US (Los Angeles) is projected to have a 25% drop in container volume in Feb 2020 due to the covid-19 outbreak.
https://www.seatrade-maritime.com/ports-logistics/port-los-angeles-expects-25-drop-feb-container-volumes-due-coronavirus
If the US GDP is still showing a good number, it will only mean that its imports are dropping more than its exports and this phenomenon is distorting the GDP growth. Since import denotes future consumer demand, a declining import figure means that the local consumption is falling. Please click on the link below for more explanation on GDP.
http://sg-stock.blogspot.com/2020/01/the-upcoming-us-gdp-will-be-better.html
Yes, economic contagion will spread beyond China to the rest of the world and not just Asia. Europe and the US won't be spared too!
In fact, economic fissures have started to appear in the US due to the covid-19 outbreak.
The largest port in the US (Los Angeles) is projected to have a 25% drop in container volume in Feb 2020 due to the covid-19 outbreak.
https://www.seatrade-maritime.com/ports-logistics/port-los-angeles-expects-25-drop-feb-container-volumes-due-coronavirus
If the US GDP is still showing a good number, it will only mean that its imports are dropping more than its exports and this phenomenon is distorting the GDP growth. Since import denotes future consumer demand, a declining import figure means that the local consumption is falling. Please click on the link below for more explanation on GDP.
http://sg-stock.blogspot.com/2020/01/the-upcoming-us-gdp-will-be-better.html
Becareful! The stock markets are being artificially supported now! - Part 2
http://sg-stock.blogspot.com/2020/02/becareful-stock-markets-are-being.html
We did warn about the stock markets in early February because our analysis showed that the virus outbreak won't reach its peak so fast.
After the 1000 points drop in DJIA recently, a few prominent analysts are also giving the same warning about the stock markets.
https://www.cnbc.com/2020/02/25/jim-cramer-buying-any-bounce-after-market-plunge-is-a-suckers-game.html
https://www.cnbc.com/2020/02/25/us-coronavirus-outbreak-increasingly-likely-and-could-drag-markets-jefferies-says.html
https://www.cnbc.com/2020/02/25/mohamed-el-erian-continues-to-warn-against-buying-coronavirus-dips.html
We did warn about the stock markets in early February because our analysis showed that the virus outbreak won't reach its peak so fast.
After the 1000 points drop in DJIA recently, a few prominent analysts are also giving the same warning about the stock markets.
https://www.cnbc.com/2020/02/25/jim-cramer-buying-any-bounce-after-market-plunge-is-a-suckers-game.html
https://www.cnbc.com/2020/02/25/us-coronavirus-outbreak-increasingly-likely-and-could-drag-markets-jefferies-says.html
https://www.cnbc.com/2020/02/25/mohamed-el-erian-continues-to-warn-against-buying-coronavirus-dips.html
Tuesday, February 25, 2020
Japan and Russia alleged that covid-19 originated in the US.
https://www.ccn.com/did-coronavirus-originate-in-america-chinese-media-pushes-conspiracy/
"Japan’s TV Asahi Corporation claims that some of the 16,000 Americans who died of influenza during the flu season may have unknowingly contracted the Wuhan coronavirus."
Some Japanese analysts used big data in the US to conclude that covid-19 originated in the US. This was because the average death toll from flu in the US was about 8,000 but the 2020 death toll had reached more than 16,000 which was more than double the average. Therefore, the Japanese analysts concluded that US doctors labelled the cause of death as influenza instead of covid-19.
Coincidentally, the Chinese scientists studied the covid-19 genome sequence and discovered that the Wuhan virus didn't contain H38 which was found in the US covid-19 case. Therefore, Chinese scientists concluded that Wuhan virus was imported because H38 was an ancestral haplotype.
https://gnews.org/123001/
Russia also alleged that covid-19 came from the US.
https://www.channelnewsasia.com/news/world/russia-linked-disinformation-campaign-fueling-covid-19-alarm-us-12461174
"Japan’s TV Asahi Corporation claims that some of the 16,000 Americans who died of influenza during the flu season may have unknowingly contracted the Wuhan coronavirus."
Some Japanese analysts used big data in the US to conclude that covid-19 originated in the US. This was because the average death toll from flu in the US was about 8,000 but the 2020 death toll had reached more than 16,000 which was more than double the average. Therefore, the Japanese analysts concluded that US doctors labelled the cause of death as influenza instead of covid-19.
Coincidentally, the Chinese scientists studied the covid-19 genome sequence and discovered that the Wuhan virus didn't contain H38 which was found in the US covid-19 case. Therefore, Chinese scientists concluded that Wuhan virus was imported because H38 was an ancestral haplotype.
https://gnews.org/123001/
Russia also alleged that covid-19 came from the US.
https://www.channelnewsasia.com/news/world/russia-linked-disinformation-campaign-fueling-covid-19-alarm-us-12461174
Mapletree North Asia - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/29/19 | OCBC | Mapletree North Asia | 1.25 | 1.35 | Buy | |
01/29/19 | DBS Vickers | Mapletree North Asia | 1.25 | 1.45 | Buy | |
02/09/19 | DBS Vickers | Mapletree North Asia | 1.25 | 1.45 | Buy | |
04/03/19 | DBS Vickers | Mapletree North Asia | 1.31 | 1.45 | Buy | |
05/02/19 | OCBC | Mapletree North Asia | 1.36 | 1.4 | Hold | |
05/02/19 | DBS Vickers | Mapletree North Asia | 1.36 | 1.6 | Buy | DCF |
07/19/19 | DBS Vickers | Mapletree North Asia | 1.45 | 1.65 | Buy | DCF |
07/30/19 | OCBC | Mapletree North Asia | 1.38 | 1.43 | Hold | |
07/31/19 | CIMB | Mapletree North Asia | 1.42 | 1.5 | Add | DDM |
08/14/19 | OCBC | Mapletree North Asia | 1.28 | 1.43 | Buy | |
09/30/19 | DBS Vickers | Mapletree North Asia | 1.33 | 1.65 | Buy | DCF |
10/29/19 | Lim & Tan | Mapletree North Asia | 1.26 | 0 | Hold | |
10/30/19 | DBS Vickers | Mapletree North Asia | 1.27 | 1.6 | Buy | DCF |
10/31/19 | OCBC | Mapletree North Asia | 1.27 | 1.43 | Buy | |
11/12/19 | DBS Vickers | Mapletree North Asia | 1.23 | 1.6 | Buy | |
12/05/19 | OCBC | Mapletree North Asia | 1.16 | 1.41 | Buy | |
12/06/19 | DBS Vickers | Mapletree North Asia | 1.15 | 1.3 | Buy | DCF |
12/09/19 | OCBC | Mapletree North Asia | 1.18 | 1.36 | 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 | |
01/22/20 | CIMB | Mapletree North Asia | 1.24 | 1.31 | Add | DDM |
01/22/20 | DBS Vickers | Mapletree North Asia | 1.24 | 1.35 | Buy | DCF |
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