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Monday, June 22, 2020

UMS - Stock calls

DateAnalystCompanyLastTargetCallValuation
05/14/19DBS VickersUMS0.6150.55Fully ValuedPER8x FY19
05/16/19DBS VickersUMS0.640.45Fully ValuedPER8x FY19/20
05/21/19CIMBUMS0.620.55Reduce
08/16/19DBS VickersUMS0.5850.49Fully ValuedPER9x FY20
08/16/19CIMBUMS0.5850.55HoldPB1.24x FY19
10/24/19DBS VickersUMS0.7050.87BuyPER12x FY20
10/25/19CIMBUMS0.740.67HoldPB1.4x FY20
11/13/19DBS VickersUMS0.811BuyPER13x FY20
11/29/19DBS VickersUMS0.891.08BuyPER14x FY20
12/05/19Kim EngUMS0.951.13BuyPB2.2x FY20
01/03/20Kim EngUMS1.081.13BuyPB2.2x FY20
01/24/20DBS VickersUMS0.981.16BuyPER14.9x FY20
02/04/20CIMBUMS0.9250.96HoldGGM, PB1.93x FY20
02/11/20Kim EngUMS0.941.13Buy
02/26/20CIMBUMS0.9651.08AddGGM, PB2.16x FY20
02/26/20DBS VickersUMS0.9651.12BuyPER15x FY20
03/10/20Kim EngUMS0.811.13BuyPB2.3x FY20
03/30/20Kim EngUMS0.6350.96BuyPB2x FY20
04/02/20DBS VickersUMS0.620.77Buy
04/20/20Kim EngUMS0.780.96Buy
05/04/20AmfrasersUMS0.820.67UnderperformPER11x FY20
05/11/20CIMBUMS0.7950.98Add
05/14/20DBS VickersUMS0.941.04BuyPER13x FY20
05/14/20Kim EngUMS0.940.96BuyRoe-g/Coe-g
05/21/20AmfrasersUMS0.9150.74Underperform

Stock calls for 22 June 2020

DateAnalystCompanyLastTargetCallValuation
06/22/20UOB Kay HianFrencken0.861.15Buy
06/22/20CIMBIfast Corp1.311.65AddSum of parts
06/22/20phillipSheng Siong1.540Hold
06/22/20DBS VickersValuetronics0.580.53HoldPER9.4x
06/22/20PhillipYoma0.2450.46BuySum of parts (20% discount)

No money, no honey for Hong Kong!

https://sg.news.yahoo.com/hong-kong-unions-students-fail-012434300.html

Without foreign funding, the HK organizers cannot even get 9,000 supporters.  Hahaha!

Where were those 1-2 million protestors from last year?  All went missing and hiding?

The hard truth speaks for itself now.

Saturday, June 20, 2020

The latest US unemployment data is a fudge. - Part 2

https://www.bbc.com/news/business-53096716

The latest US jobless claims have debunked the recent euphoric US employment data.

https://sg-stock.blogspot.com/2020/06/the-latest-us-unemployment-data-is-fudge.html

We've stated that the US employment data was a fudge because the US manipulated the data.  We've been proven right again with the latest US jobless claims.  The US cannot keep fudging its employment data when the US jobless claims are showing otherwise.

Baltic dry index - 1555

Today, Friday, June 19 2020, the Baltic Dry Index climbed by 28 points, reaching 1555 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 - 967


Related stock: Keppel Corp, Sembcorp Marine & Cosco

Friday, June 19, 2020

The IMF has finally agreed with our US economic assessment for Q2.

https://www.channelnewsasia.com/news/business/imf-says-deeper-than-expected-contraction-in-us-economy-likely-in-second-quarter-12849538

We had stated that the US Q2 economic growth would be worse than Q1 by analyzing the ISM PMI data in April 2020.  We are right again in our analysis.

http://sg-stock.blogspot.com/2020/05/the-us-ism-pmi-in-april-had-worsened.html

The IMF has concurred with our previous assessment now.

UG Healthcare - Stock calls

DateAnalystCompanyLastTargetCallValuation
05/07/19DMG & PartnersUG Healthcare0.180.32BuyPER10x FY20
08/28/19DMG & PartnersUG Healthcare0.180.3BuyPER11x FY20
02/18/20Lim & TanUG Healthcare0.250Buy on weakness
02/21/20DMG & PartnersUG Healthcare0.2350.33BuyPER9.2x FY21

Tuan Sing - Stock calls

DateAnalystCompanyLastTargetCallValuation
06/16/20DBS VickersTuan Sing0.2350.38BuySum of parts

Top Glove - Stock calls

DateAnalystCompanyLastTargetCallValuation
04/17/19UOB Kay HianTop Glove1.481.34HoldRinggit target $4.10, Buy @ $3.70
06/27/19Kim EngTop Glove1.621.59HoldRinggit target $4.85
03/20/20Kim EngTop Glove1.92.08BuyRinggit target $6.32, PER30x CY21
03/20/20UOB Kay HianTop Glove1.91.99HoldRinggit target $6.05, Buy @ $5.50
03/20/20CIMBTop Glove1.92.24AddRinggit target $6.80
03/27/20DBS VickersTop Glove2.021.99HoldRinggit target $6.05
05/14/20CIMBTop Glove3.083.41AddRinggit target $10.40, PER32x CY21
05/14/20Kim EngTop Glove3.083.59BuyRinggit target $10.95, PER30x CY21
05/27/20CIMBTop Glove4.425.37AddRinggit target $15.50, PER36.8x CY21
05/27/20UOB Kay HianTop Glove4.426.05BuyRinggit target $17.50
05/29/20Kim EngTop Glove4.626.52BuyRinggit target $20, PER23x CY21
06/10/20Kim EngTop Glove5.76.52BuyRinggit target $20, PER23x CY21
06/10/20CIMBTop Glove5.78.14AddRinggit target $25, PER22x CY21
06/12/20Kim EngTop Glove5.567.13BuyRinggit target $21.9, PER23x CY21
06/12/20UOB Kay HianTop Glove5.567.13BuyRinggit target $21.90

Stock calls for 19 June 2020

DateAnalystCompanyLastTargetCallValuation
06/19/20UOB Kay HianSingapore Post0.7750.8HoldSum of parts, Buy @ $0.7
06/19/20DMG & PartnersST Engineering3.413.9Buy

Thursday, June 18, 2020

Tianjin Zhongxin - Stock calls

DateAnalystCompanyLastTargetCallValuation
04/01/19UOB Kay HianTianjin Zhongxin0.9151.7BuyPER13.6x FY19
05/02/19UOB Kay HianTianjin Zhongxin0.9851.7Buy
06/14/19UOB Kay HianTianjin Zhongxin0.8851.7Buy
08/15/19UOB Kay HianTianjin Zhongxin0.7951.4Buy
04/20/20Lim & TanTianjin Zhongxin0.670Accumulate
04/21/20UOB Kay HianTianjin Zhongxin0.7151.35BuyPER10.5x FY20

Thai Beverage - Stock calls

DateAnalystCompanyLastTargetCallValuation
04/05/19DMG & PartnersThai Beverage0.8250.92Buy
05/13/19PhillipThai Beverage0.8250.83NeutralSum of parts
05/13/19CIMBThai Beverage0.8250.94Add
05/13/19UOB Kay HianThai Beverage0.8250.85HoldSum of parts, Buy @ $0.76
05/13/19DMG & PartnersThai Beverage0.8250.92BuySum of parts
05/13/19OCBCThai Beverage0.8250.88Hold
05/13/19DBS VickersThai Beverage0.8250.91BuySum of parts
05/14/19AmfrasersThai Beverage0.7650.75Hold
05/28/19OCBCThai Beverage0.8050.86Hold
06/06/19DMG & PartnersThai Beverage0.840.92BuySum of parts, PER23x
06/06/19JP MorganThai Beverage0.840.88Overweight
06/06/19DBS VickersThai Beverage0.840.91Buy
06/06/19AmfrasersThai Beverage0.8850.8Neutral
08/15/19DBS VickersThai Beverage0.830.91Buy
08/15/19JP MorganThai Beverage0.830.96Overweight
08/16/19CIMBThai Beverage0.9051AddSum of parts
08/16/19DMG & PartnersThai Beverage0.9050.92Take ProfitSum of parts, PER19x FY20
08/22/19PhillipThai Beverage0.9250.83NeutralSum of parts
09/02/19UOB Kay HianThai Beverage0.90.87HoldSum of parts, Buy @ $0.76
10/01/19DBS VickersThai Beverage0.8850.91Buy
10/03/19CIMBThai Beverage0.881AddSum of parts
10/03/19UOB Kay HianThai Beverage0.880.87HoldSum of parts, Buy @ $0.76
11/25/19UOB Kay HianThai Beverage0.890.9HoldBuy @ $0.78
11/25/19DMG & PartnersThai Beverage0.890.95NeutralSum of parts
11/25/19CIMBThai Beverage0.891.02AddSum of parts
11/25/19DBS VickersThai Beverage0.891.04BuySum of parts
11/26/19PhillipThai Beverage0.890.8ReduceSum of parts
11/26/19OCBCThai Beverage0.890.91Hold
11/29/19Morgan StanleyThai Beverage0.8651.08Overweight
11/29/19NomuraThai Beverage0.8651.04Buy
11/29/19JP MorganThai Beverage0.8651Overweight
11/29/19Credit SuisseThai Beverage0.8650.9Neutral
12/03/19UOB Kay HianThai Beverage0.890.9HoldSum of parts, Buy @ $0.78
12/11/19DMG & PartnersThai Beverage0.890.95Neutral
01/06/20DBS VickersThai Beverage0.8951.04Buy
01/28/20UOB Kay HianThai Beverage0.7950.9HoldSum of parts, Buy @ $0.75
02/17/20PhillipThai Beverage0.7850.95BuySum of parts
02/17/20DMG & PartnersThai Beverage0.7850.92BuySum of parts
02/17/20UOB Kay HianThai Beverage0.7850.9HoldBuy @ $0.75
02/17/20CIMBThai Beverage0.7850.9AddSum of parts
02/20/20AmfrasersThai Beverage0.8450.96OutperformSum of parts
03/10/20AmfrasersThai Beverage0.7550.96Outperform
04/16/20DMG & PartnersThai Beverage0.6750.79BuySum of parts
04/16/20OCBCThai Beverage0.6750.9Buy
04/20/20CIMBThai Beverage0.6950.7Hold
05/15/20DBS VickersThai Beverage0.6650.9BuySum of parts
05/18/20PhillipThai Beverage0.670.8BuyPER18x FY20
05/18/20DMG & PartnersThai Beverage0.670.72NeutralSum of parts
05/18/20UOB Kay HianThai Beverage0.670.78Buy
05/18/20CIMBThai Beverage0.670.7HoldSum of parts
05/20/20OCBCThai Beverage0.660.71Hold

Talkmed - Stock calls

DateAnalystCompanyLastTargetCallValuation
04/29/19DMG & PartnersTalkmed0.510.62BuyDCF
10/15/19DMG & PartnersTalkmed0.5150.62Buy
11/15/19DMG & PartnersTalkmed0.5050.62BuyDCF
02/19/20DMG & PartnersTalkmed0.5150.62BuyDCF
04/01/20DMG & PartnersTalkmed0.430.53BuyDCF

Stock calls for 18 June 2020

DateAnalystCompanyLastTargetCallValuation
06/18/20DMG & PartnersDBS21.5718.7Neutral
06/18/20DMG & PartnersOCBC9.168.7Neutral
06/18/20Lim & TanOverseas Edu0.320Buy on weakness
06/18/20Lim & TanPanUnited0.310Buy
06/18/20CIMBPenguin0.490.55Add
06/18/20UOB Kay HianSIA4.133.8SellPB0.8x
06/18/20DMG & PartnersUOB21.0319.4Neutral

Wednesday, June 17, 2020

Suntec Reit - Stock calls

DateAnalystCompanyLastTargetCallValuation
04/02/19DBS VickersSuntec Reit1.962.12Buy
04/24/19OCBCSuntec Reit1.861.84Hold
04/25/19OCBCSuntec Reit1.891.83HoldDDM
05/28/19CIMBSuntec Reit1.822.06Add
05/30/19OCBCSuntec Reit1.821.99HoldBuy @ $1.81
06/20/19DMG & PartnersSuntec Reit1.921.9NeutralDDM
07/02/19CIMBSuntec Reit1.952.15AddDDM
07/02/19DBS VickersSuntec Reit1.952.2BuyDCF
07/04/19DMG & PartnersSuntec Reit1.971.9Neutral
07/10/19UOB Kay HianSuntec Reit1.952HoldDDM, Buy @ $1.82
07/29/19DMG & PartnersSuntec Reit1.922.08BuyDDM
07/29/19OCBCSuntec Reit1.922.07Hold
07/30/19UOB Kay HianSuntec Reit1.932.02HoldBuy @ $1.84
07/30/19DBS VickersSuntec Reit1.932.15BuyDCF
08/27/19UOB Kay HianSuntec Reit1.891.96HoldBuy @ $1.79
09/11/19DMG & PartnersSuntec Reit1.942.08Buy
10/02/19DMG & PartnersSuntec Reit1.912.08Buy
10/04/19DBS VickersSuntec Reit1.92.15Buy
10/24/19OCBCSuntec Reit1.852.05Hold
10/25/19UOB Kay HianSuntec Reit1.891.99HoldBuy @ $1.82
12/04/19DBS VickersSuntec Reit1.832.15Buy
12/10/19DMG & PartnersSuntec Reit1.842.08Buy
01/03/20DMG & PartnersSuntec Reit1.852.08BuyDDM
01/24/20DBS VickersSuntec Reit1.852.15BuyDCF
01/28/20OCBCSuntec Reit1.862.05Buy
02/25/20OCBCSuntec Reit1.82.05Buy
03/18/20DBS VickersSuntec Reit1.312.15Buy
03/30/20DMG & PartnersSuntec Reit1.332.08Buy
04/03/20DMG & PartnersSuntec Reit1.11.78BuyDDM
04/23/20CIMBSuntec Reit1.291.75AddDDM
06/08/20DBS VickersSuntec Reit1.61.81BuyDCF

Sunpower - Stock calls

DateAnalystCompanyLastTargetCallValuation
08/16/19UOB Kay HianSunpower0.440.83Buy
12/06/19AmfrasersSunpower0.550.91outperformSum of parts
12/16/19DBS VickersSunpower0.590.81BuyDCF
03/02/20UOB Kay HianSunpower0.5250.88BuySum of parts
03/03/20DBS VickersSunpower0.530.84Buy
03/10/20AmfrasersSunpower0.470.91outperformSum of parts
04/20/20DBS VickersSunpower0.4250.49HoldDCF
05/18/20AmfrasersSunpower0.430.91BuySum of parts
05/18/20DBS VickersSunpower0.430.49HoldDCF
05/20/20UOB Kay HianSunpower0.4450.88Buy

Sunningdale - Stock calls

DateAnalystCompanyLastTargetCallValuation
04/11/19Lim & TanSunningdale1.390Hold
05/07/19Lim & TanSunningdale1.350Hold
05/09/19UOB Kay HianSunningdale1.321.22HoldPER11x FY20, Buy @ $1.10
05/09/19CIMBSunningdale1.321.38HoldPB0.69x FY19
08/07/19UOB Kay HianSunningdale1.281.01Sell
11/08/19UOB Kay HianSunningdale1.271.13HoldPER12.3x FY20, Buy @ $1.05
12/13/19Lim & TanSunningdale1.280Buy
12/13/19CIMBSunningdale1.281.14Reduce
03/02/20UOB Kay HianSunningdale1.211.06HoldBuy @ $1
03/04/20CIMBSunningdale1.21.1Hold
03/20/20Lim & TanSunningdale0.820Buy
04/09/20CIMBSunningdale0.8751.09Add
05/08/20UOB Kay HianSunningdale0.981.02HoldPB0.54x FY20, Buy @ $0.90
05/08/20CIMBSunningdale0.980.917Hold
05/11/20Lim & TanSunningdale10Hold

Stock calls for 17 June 2020

DateAnalystCompanyLastTargetCallValuation
06/17/20UOB Kay HianRiverstone2.373.15BuyPER23.1x FY20

Singapore's May export resumes its decline again.

https://sg.finance.yahoo.com/news/singapore-exports-drop-may-three-003000238.html
Year on year changes (YOY):
May 2020: -4.5%
April 2020: 9.7%
March 2020: 17.6%
February 2020: 3% (Revised to 3.1%)
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%