Baltic dry index - 1366

 Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 805

Related stock: Keppe corp, Sembcorp Marine & Cosco.

China will surpass the US GDP in 2028 and exceed the combined GDP of the US & Japan by 2035. - Part 2

https://www.asiaone.com/money/china-leapfrog-us-worlds-biggest-economy-2028-think-tank

CEBR has just released its economic assessment after JCER.

Both non-profit entities stated that China would overtake the US in 2028.

http://sg-stock.blogspot.com/2020/12/china-will-surpass-us-gdp-in-2028-and.html

Malaysia has given SG a "great" Christmas gift by terminating the SG-KL HSR.

https://www.theedgemarkets.com/article/malaysia-go-it-alone-hsr-project-pay-rm300m-compensation-singapore-%E2%80%94-source

Malaysia has terminated SG-KL HSR by paying a discounted penalty of RM$300m.  It was supposed to be RM$500m penalty as stated in the termination clause.

http://sg-stock.blogspot.com/2018/06/the-kl-sg-hsr-is-terminated-officially.html

Either SG is incompetent to collect the RM$500m penalty or Malaysia is too brilliant to get a discount from SG.  In other words, SG has given RM$200m to Malaysia as a Christmas gift.

China Everbright - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/29/20	DBS Vickers	China Everbright	0.199	0.49	Buy	PER7x
08/14/20	DBS Vickers	China Everbright	0.235	0.33	Buy

China Aviation Oil - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/21/20	DMG & Partners	China Aviation Oil	1.28	1.55	Buy
02/27/20	CIMB	China Aviation Oil	1.16	1.25	Hold	PER8.5x FY21
02/28/20	DBS Vickers	China Aviation Oil	1.16	1.65	Buy	PER10x FY20
03/12/20	DMG & Partners	China Aviation Oil	0.965	1.3	Buy	Sum of parts
04/22/20	DMG & Partners	China Aviation Oil	1.02	1.3	Buy	Sum of parts
04/23/20	DMG & Partners	China Aviation Oil	1.02	1.25	Buy	Sum of parts, PB0.9x
05/12/20	DMG & Partners	China Aviation Oil	1.02	1.25	Buy	Sum of parts, PER2.6x FY21 (ex-cash)
06/12/20	DMG & Partners	China Aviation Oil	1.14	1.25	Buy	PB0.9x, PER3.5x FY21 (ex-cash)
07/06/20	DMG & Partners	China Aviation Oil	1.02	1.25	Buy	Sum of parts
08/13/20	DMG & Partners	China Aviation Oil	0.93	0.95	Neutral	Sum of parts
08/25/20	DBS Vickers	China Aviation Oil	0.865	1.2	Buy	PER11x FY20/21
09/07/20	DBS Vickers	China Aviation Oil	0.94	1.2	Buy
09/30/20	DMG & Partners	China Aviation Oil	0.895	1.05	Buy
10/13/20	DBS Vickers	China Aviation Oil	1	1.2	Buy
10/14/20	DMG & Partners	China Aviation Oil	1	1.15	Buy
11/03/20	DBS Vickers	China Aviation Oil	0.92	1.2	Buy
12/02/20	DMG & Partners	China Aviation Oil	1.08	1.25	Buy

Centurion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/20	CIMB	Centurion	0.44	0.61	Add	DCF
03/02/20	DMG & Partners	Centurion	0.445	0.49	Neutral	DCF
03/02/20	DBS Vickers	Centurion	0.445	0.53	Buy	DCF
03/18/20	CIMB	Centurion	0.39	0.58	Add	DCF
03/30/20	DBS Vickers	Centurion	0.395	0.41	Hold	DCF
04/13/20	CIMB	Centurion	0.385	0.58	Add
04/22/20	DBS Vickers	Centurion	0.38	0.41	Hold	DCF
04/29/20	DMG & Partners	Centurion	0.385	0.41	Neutral	DCF
05/18/20	DBS Vickers	Centurion	0.375	0.42	Hold	DCF
08/13/20	DBS Vickers	Centurion	0.355	0.39	Hold	DCF
08/20/20	CIMB	Centurion	0.37	0.4	Add
09/03/20	CIMB	Centurion	0.35	0.4	Add	DCF
10/19/20	UOB Kay Hian	Centurion	0.34	0.44	Buy	DCF

Stock calls for 24 December 2020

 

CDL Hospitality - Stock calls

 

CapitaRetail China - Stock calls

 

Capitaland Integrated Commercial Trust - Stock calls

 

Stock calls for 23 December 2020

 

Capitaland - Stock calls

 

Capitacommercial - Stock calls

 

Bumitama - Stock calls

 

Stock calls for 22 December 2020

 

Bukit Sembawang - Stock calls

 

Breadtalk - Stock calls

 

BRC Asia - Stock calls

 

Stock calls for 21 December 2020