Date | Analyst | Company | Last | Target | Call | Valuation |
08/02/19 | DBS Vickers | Hongkong Land | 6.09 | 7.93 | Buy | |
08/05/19 | DBS Vickers | Hongkong Land | 6.02 | 7.7 | Buy | RNAV (40% discount) |
08/06/19 | CIMB | Hongkong Land | 5.74 | 7.4 | Add | |
08/06/19 | Citibank | Hongkong Land | 5.74 | 5.85 | Sell | |
12/12/19 | DBS Vickers | Hongkong Land | 5.47 | 6.64 | Buy | RNAV (45% discount) |
12/12/19 | CIMB | Hongkong Land | 5.47 | 6.9 | Add | |
03/06/20 | DBS Vickers | Hongkong Land | 5.05 | 5.81 | Buy | RNAV (50% discount) |
03/10/20 | CIMB | Hongkong Land | 4.55 | 6.05 | Add | |
05/05/20 | DBS Vickers | Hongkong Land | 4.13 | 5.22 | Buy | RNAV (55% discount) |
07/30/20 | Lim & Tan | Hongkong Land | 3.72 | 0 | Buy | |
07/30/20 | DBS Vickers | Hongkong Land | 3.72 | 4.94 | Buy | RNAV (55% discount) |
08/03/20 | DBS Vickers | Hongkong Land | 3.79 | 4.8 | Buy | RNAV (55% discount) |
08/03/20 | CIMB | Hongkong Land | 3.79 | 5.1 | Add |
Monday, August 3, 2020
Hongkong Land - Stock calls
Hong Leong Asia - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/28/20 | Lim & Tan | Hong Leong Asia | 0.625 | 0 | Buy on weakness |
Hock Lian Seng - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/02/19 | Lim & Tan | Hock Lian Seng | 0.33 | 0 | Buy on weakness |
Stock calls for 3 August 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
08/03/20 | DBS Vickers | Far East Hospitality | 0.49 | 0.6 | Buy | |
08/03/20 | CIMB | First Reit | 0.555 | 0.957 | Add | DDM |
08/03/20 | Kim Eng | Hi-P | 1.28 | 1.23 | Hold | |
08/03/20 | DBS Vickers | Hi-P | 1.28 | 1.34 | Hold | PER13x FY21 |
08/03/20 | UOB Kay Hian | Hi-P | 1.28 | 1.11 | Sell | |
08/03/20 | DBS Vickers | Hongkong Land | 3.79 | 4.8 | Buy | RNAV (55% discount) |
08/03/20 | CIMB | Hongkong Land | 3.79 | 5.1 | Add | |
08/03/20 | UOB Kay Hian | Japfa | 0.66 | 0.98 | Buy | Sum of parts |
08/03/20 | DBS Vickers | Japfa | 0.66 | 0.82 | Buy | Sum of parts |
08/03/20 | CIMB | Japfa | 0.66 | 0.96 | Add | |
08/03/20 | CIMB | Jardine Matheson | 40.92 | 48.61 | Add | |
08/03/20 | UOB Kay Hian | Keppel Corp | 5.4 | 7.1 | Buy | Sum of parts |
08/03/20 | DMG & Partners | Keppel Corp | 5.4 | 7.3 | Buy | Sum of parts |
08/03/20 | DBS Vickers | Keppel Corp | 5.4 | 6.4 | Buy | sum of parts, PB1x |
08/03/20 | CIMB | Keppel Corp | 5.4 | 6.46 | Add | Sum of parts |
08/03/20 | OCBC | Keppel Corp | 5.4 | 6.4 | Buy | |
08/03/20 | Lim & Tan | KSH | 0.345 | 0 | Neutral | |
08/03/20 | phillip | SGX | 8.17 | 9.45 | Buy | PER21.4x |
08/03/20 | CIMB | SGX | 8.17 | 9 | Add | |
08/03/20 | DMG & Partners | SGX | 8.17 | 9.2 | Buy | PER24x FY21 |
08/03/20 | DBS Vickers | SGX | 8.17 | 8.4 | Hold | DDM, PER21x FY21 |
08/03/20 | OCBC | SGX | 8.17 | 8.3 | Hold | |
08/03/20 | phillip | Sheng Siong | 1.7 | 1.65 | Neutral | PER25x FY21 |
08/03/20 | DMG & Partners | Sheng Siong | 1.7 | 1.87 | Buy | DCF |
08/03/20 | UOB Kay Hian | SIA | 3.42 | 3.64 | Hold | |
08/03/20 | DMG & Partners | Starhill | 0.465 | 0.6 | Buy | DDM |
Sunday, August 2, 2020
It is foolish of the US to accuse China of IP theft because WIPO will reveal the truth.
IP Screenshots below are taken from WIPO.
US IP Filings Data
China IP Filings Data
The total filings by China had already overtaken the US a few years ago but the US (with fewer IPs) was still accusing China (with more IPs) of IP thefts.
This is akin to a top scorer Asian student in a western class of being accused of cheating by his caucasian classmates. This is also the reason that the US has to work with Huawei to set 5G standards.
There is no way a country can digest all the stolen research data and information in such a short time if it doesn't know much about it and file IPs for such R&D. If a country can do such a brilliant act in such a short time, it doesn't have to steal at all because it has the capabilities already.
The US cannot provide any proof that China has stolen the US IPs or else the US can apply to void China IP.s The US thinks that repeating a lie over a thousand times will make other people believe it to be the truth but a lie is still a lie no matter how many times you lie about it. We all know that the US cannot find weapons of mass destruction in Iraq until now because the US fabricated the lie.
Let's all be smart. We need to verify and authenticate what the US is saying because the US has lost all credibilities.
Saturday, August 1, 2020
Baltic dry index - 1348
Today, Thursday, July 30 2020, the Baltic Dry Index climbed by 31 points, reaching 1348 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.
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
The US treasury department is awashed with US$1.8T.
https://finance.yahoo.com/news/money-markets-seek-treasury-answer-100000877.html
The US treasury has US$1.8T in cash.
We had stated previously that the US treasury department was flushed with USD.
Thursday, July 30, 2020
Red alert: The US economy is going to contract sharply in Q2. - Part 2
https://www.cnbc.com/2020/07/30/us-gdp-q2-2020-first-reading.html
The US Q2 GDP collapsed by 32.9% and the Q1 GDP was revised down to -5%. We're right again!
We had stated on numerous postings that the US Q2 GDP would be worse than Q1 by analyzing US consumer spendings and PMIs. Therefore, the big drop in US Q2 GDP is an expected outcome if you've been following our earlier postings.
HMI - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/08/19 | UOB Kay Hian | HMI | 0.660 | 0.73 | Accept offer | offer at $0.73 |
07/08/19 | Kim Eng | HMI | 0.660 | 0.66 | Hold | DCF, accept offer at $0.73 |
07/08/19 | CIMB | HMI | 0.660 | 0.68 | Add | offer at $0.73 |
07/09/19 | phillip | HMI | 0.720 | 0.73 | Accept offer | offer at $0.73 |
08/20/19 | Lim & Tan | HMI | 0.720 | 0.73 | Accept offer | offer at $0.73 |
08/21/19 | Kim Eng | HMI | 0.720 | 0.73 | Hold | offer at $0.73 |
Hi-P - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
07/19/19 | DBS Vickers | Hi-P | 1.43 | 1.41 | Hold | PER12x FY19 |
08/05/19 | DBS Vickers | Hi-P | 1.34 | 1.32 | Hold | PER12x FY20 |
10/10/19 | Kim Eng | Hi-P | 1.19 | 1.21 | Hold | PB1.5x FY19 |
11/01/19 | DBS Vickers | Hi-P | 1.44 | 1.39 | Hold | PER13x FY20 |
11/01/19 | Kim Eng | Hi-P | 1.44 | 1.34 | Sell | PB1.5x FY20 |
02/14/20 | DBS Vickers | Hi-P | 1.3 | 1.37 | Hold | PER14x FY20 |
02/18/20 | Kim Eng | Hi-P | 1.31 | 1 | Sell | PB1.2x FY20 |
03/30/20 | Kim Eng | Hi-P | 0.83 | 0.78 | Hold | Roe-g/Coe-g, PB1x FY20 |
04/02/20 | DBS Vickers | Hi-P | 0.835 | 0.85 | Hold | |
04/20/20 | Kim Eng | Hi-P | 0.97 | 0.78 | Neutral |
Stock calls for 30 July 2020
Date | Analyst | Company | Last | Target | Call | Valuation |
07/30/20 | OCBC | ART | 0.895 | 1.03 | Buy | |
07/30/20 | DBS Vickers | Capitaland | 2.76 | 4.5 | Buy | |
07/30/20 | UOB Kay Hian | CDL Hospitality | 0.97 | 1 | Hold | DDM, Buy @ $0.9 |
07/30/20 | DBS Vickers | CDL Hospitality | 0.97 | 1.3 | Buy | |
07/30/20 | Kim Eng | CDL Hospitality | 0.97 | 0.95 | Hold | |
07/30/20 | DBS Vickers | City Developments | 8.28 | 13 | Buy | |
07/30/20 | DMG & Partners | Dairy Farm | 4.15 | 4.47 | Neutral | DCF |
07/30/20 | DBS Vickers | Dairy Farm | 4.15 | 4.86 | Buy | Sum of parts |
07/30/20 | Macquarie | DBS | 20.4 | 25.5 | outperform | PB |
07/30/20 | OCBC | DBS | 20.4 | 20 | Hold | |
07/30/20 | UOB Kay Hian | DBS | 20.4 | 23.12 | Buy | |
07/30/20 | DBS Vickers | Frasers Property | 1.18 | 1.7 | Buy | |
07/30/20 | Lim & Tan | Hongkong Land | 3.72 | 0 | Buy | |
07/30/20 | Macquarie | OCBC | 8.9 | 11 | Outperform | PB |
07/30/20 | UOB Kay Hian | OCBC | 8.9 | 11.22 | Buy | |
07/30/20 | CIMB | Parkway Life | 3.44 | 3.43 | Hold | |
07/30/20 | DBS Vickers | Sheng Siong | 1.73 | 1.91 | Buy | PER25x FY21 |
07/30/20 | DBS Vickers | SIA | 3.53 | 3.75 | Hold | PB0.8x FY21/22 |
07/30/20 | CIMB | SIA | 3.53 | 3.55 | Hold | PB0.84x FY22 |
07/30/20 | OCBC | Starhill | 0.47 | 0.53 | Buy | |
07/30/20 | Macquarie | UOB | 20.02 | 21 | Neutral | PB |
07/30/20 | OCBC | UOB | 20.02 | 21.5 | Hold | |
07/30/20 | DBS Vickers | UOL | 6.7 | 9.5 | Buy |
The HK commercial reits are in troubles.
https://sg.finance.yahoo.com/news/hong-kongs-commercial-lenders-edge-025659845.html
The HK commercial REITs are in trouble because HK banks will be taking actions against them by recalling their loans or getting them to top up the fallen values. We can't blame the banks because they need to cut their risk exposures too.
We had stated this situation before below.
We've just added the following feature.
We've just added the following feature so that our viewers can receive updates whenever we have some new postings.
Please feel free to be our followers to receive our latest updates so that you won't miss our important and accurate analyses anymore. Cheers!
MAS has capped SG banks' dividend payout to 60% and this causes SG bank stocks to tank.
https://www.theedgesingapore.com/news/banking-finance/mas-calls-banks-cap-dividends-fy20-60-fy19
SG banks' share prices drop immediately after MAS's announcement. The share price reaction is totally expected and we're not saying this on hindsight as we've stated this before.
Why did MAS make such an announcement that would cause the share prices to drop and make investors lose money?
We had explained this before in April 2020. Please take a look and you will understand what's happening.
Latest Canadian court disclosure showed that Meng didn't deceive HSBC.
http://en.people.cn/n3/2020/0724/c90000-9714596.html
The latest Canadian court showed that HSBC set up Meng to get itself off the hook.
HSBC's internal email correspondences showed that HSBC was in full knowledge of the relationship between Huawei and the Iranian company. HSBC claimed that its junior executive didn't report the relationship to the top management but the junior executive was not that junior as he was the VP of the department. Whatever miscommunication happened between HSBC and its VP shouldn't be pinned on Huawei as the internal documents showed that Huawei didn't hide the relationship.
This disclosure is in Meng's favour now and it puts the Canadian authority in a bad light because it would mean the arrest was politically motivated.
The latest Canadian court showed that HSBC set up Meng to get itself off the hook.
HSBC's internal email correspondences showed that HSBC was in full knowledge of the relationship between Huawei and the Iranian company. HSBC claimed that its junior executive didn't report the relationship to the top management but the junior executive was not that junior as he was the VP of the department. Whatever miscommunication happened between HSBC and its VP shouldn't be pinned on Huawei as the internal documents showed that Huawei didn't hide the relationship.
This disclosure is in Meng's favour now and it puts the Canadian authority in a bad light because it would mean the arrest was politically motivated.
Wednesday, July 29, 2020
GSS Energy - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/20/19 | DMG & Partners | GSS Energy | 0.074 | 0.08 | Neutral | DCF |
10/08/19 | DMG & Partners | GSS Energy | 0.066 | 0.08 | Neutral | DCF |
Great Eastern - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
11/09/19 | Citibank | Great Eastern | 23.29 | 27.8 | Buy | |
02/21/20 | Citibank | Great Eastern | 22.15 | 27 | Buy | |
03/18/20 | Citibank | Great Eastern | 18.2 | 19.5 | Hold |
Grand Venture - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
08/19/19 | CIMB | Grand Venture | 0.22 | 0.22 | Hold | |
07/06/20 | CIMB | Grand Venture | 0.22 | 0.262 | Add |
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