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Sunday, March 6, 2011

Think Environment - Buy or Sell?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

12/17/10 DMG & Partners Think Environment 0.66 0.135 Sell PATMI 14x

12/29/10 SIAS Think Environment 0.72 0.9 Increase

Tee International - Buy call from NetResearch.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/05/11 NRA Tee International 0.25 0.38 Buy Sum of parts
01/10/11 NRA Tee International 0.31 0.38 Buy Sum of parts

Market Analyses for US market (Dow Jones Industrial Average Index), Japan market (Nikkei 225 Index), Hong Kong market (Hang Seng Index) & Singapore market (Straits Times Index)

The charts dated 04/03/11 above showed the the 100-day moving average for trading volume (Blue line) and market index (Pink line) for US, HK, JP & SG. From the charts, we can see the movements of fund flows of each market and predict the trajectory of the index in the market as fund inflow or outflow will definitely affect the market.  Generally speaking, the decline in the blue line is not good for the index.

Saturday, March 5, 2011

Tat Hong - Crane operator falls out of favour?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/15/11 CIMB Tat Hong 0.915 1.02 Neutral PER10x

02/16/11 Credit Suisse Tat Hong 0.875 0.85 Underperform

12/01/10 DBS Vickers Tat Hong 0.94 1.08 Hold PER12x
02/15/11 DBS Vickers Tat Hong 0.915 0.83 Fully Valued PER12x

01/18/11 OCBC Tat Hong 0.95 0.99 Hold
01/19/11 OCBC Tat Hong 0.945 0.99 Hold
02/15/11 OCBC Tat Hong 0.915 0.85 Hold

TAC (Baht) - Neutral call by CIMB.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/08/11 CIMB TAC 41 46 Neutral DCF

Swiber - Downgraded by analysts.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/02/11 CIMB Swiber 0.805 1.01 Outperform PER12x
03/04/11 CIMB Swiber 0.81 1.01 Outperform

01/03/11 DBS Vickers Swiber 1 1.28 Buy
03/03/11 DBS Vickers Swiber 0.79 0.83 Hold PER10x

03/02/11 DMG & Partners Swiber 0.805 1.25 Under Review PER10x
03/03/11 DMG & Partners Swiber 0.79 0.85 Neutral PER10x

12/02/10 OCBC Swiber 0.985 1.33 Buy
03/02/11 OCBC Swiber 0.805 1.33 Under Review
03/03/11 OCBC Swiber 0.79 0.94 Buy PER11x
03/04/11 OCBC Swiber 0.81 0.94 Buy

Friday, March 4, 2011

Baltic Dry Index (BDI) - 1281

Quote:

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose for a fourth session on Wednesday as modest cargo activity boosted sentiment. The index rose 1.51 per cent, or 19 points, to 1,281 points.

End Quote.

Super Group - DMG doesn't like coffee but UOB & Kim Eng love coffee.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

11/16/10 DMG & Partners Super Group / Coffeemix 1.31 1.24 Neutral PER14.6x
02/07/11 DMG & Partners Super Group / Coffeemix 1.47 1.24 Neutral
02/24/11 DMG & Partners Super Group / Coffeemix 1.4 1.28 Neutral PER15x

01/27/11 Kim Eng Super Group / Coffeemix 1.47 1.8 Buy DCF & PER14.5x
02/24/11 Kim Eng Super Group / Coffeemix 1.4 1.72 Buy

12/20/10 UOB Kay Hian Super Group / Coffeemix 1.43 1.66 Buy PEG1x

Sunvic Chemical - Wanna buy a chemical company?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/04/11 Amfraser Sunvic Chemical 0.66 1.02 Buy PER6x
03/02/11 Amfraser Sunvic Chemical 0.745 1.05 Buy PER6

12/15/10 phillip Sunvic Chemical 0.605 0.95 Buy
01/17/11 phillip Sunvic Chemical 0.71 1.07 Buy PER6x
03/03/11 phillip Sunvic Chemical 0.74 1.2 Buy PER6x

Suntec Reit - Mixed calls by analysts.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

11/30/10 CIMB Suntec Reit 1.43 1.63 Outperform DDM
01/05/11 CIMB Suntec Reit 1.51 1.63 Outperform DDM

01/24/11 DBS Vickers Suntec Reit 1.58 1.69 Buy

01/06/11 DMG & Partners Suntec Reit 1.53 1.71 Buy
01/24/11 DMG & Partners Suntec Reit 1.58 1.76 Buy

01/13/11 JP Morgan Suntec Reit 1.57 1.6 Neutral

12/10/10 OCBC Suntec Reit 1.49 1.5 Hold DCF
01/06/11 OCBC Suntec Reit 1.53 1.55 Neutral
01/24/11 OCBC Suntec Reit 1.58 1.6 Hold
02/10/11 OCBC Suntec Reit 1.58 1.6 Hold

12/01/10 phillip Suntec Reit 1.42 1.37 Hold

Thursday, March 3, 2011

Sunpower - Buy call from phillip.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

12/03/10 phillip Sunpower 0.31 0.57 Buy PB2.04x
12/15/10 phillip Sunpower 0.37 0.57 Buy
02/25/11 phillip Sunpower 0.395 0.79 Buy PATMI, PER6.5x

Sunmart - Buy calls from analysts.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

12/08/10 Asiaons Sunmart 0.21 0.33 Buy FCFE Model

01/19/11 NRA Sunmart 0.23 0.29 Buy PER11.2x

STX Pan Ocean - Nobody likes this shipper.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

11/15/10 CIMB STX Pan Ocean 14.62 13.85 Underperform
01/25/11 CIMB STX Pan Ocean 13 13.2 Underperform
02/21/11 CIMB STX Pan Ocean 12 11.9 Underperform

12/21/10 Goldman Sachs STX Pan Ocean 13.16 11.3 Neutral

12/08/10 HSBC STX Pan Ocean 13.28 14.9 Neutral

Wednesday, March 2, 2011

Baltic Dry Index (BDI) - 1251

Quote:

The index rose six points to 1,251 points in a second session of modest gains, after falling in the four previous sessions.

End Quote.

STX OSV - Mostly buy calls from analysts.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/11/11 CIMB STX OSV 1.15 1.6 Outperform PER11x
02/16/11 CIMB STX OSV 1.19 1.6 Outperform PER11x

01/14/11 Credit Suisse STX OSV 1.23 1.55 Outperform

01/10/11 DMG & Partners STX OSV 1.2 1.56 Buy PER12x
01/11/11 DMG & Partners STX OSV 1.15 1.56 Outperform
02/15/11 DMG & Partners STX OSV 1.19 1.75 Buy PER12x
02/16/11 DMG & Partners STX OSV 1.19 1.75 Buy PER12x

12/15/10 Goldman Sachs STX OSV 1.1 1.54 Buy PB2.9x

12/02/10 Lim & Tan STX OSV 0.81 0 Neutral

Straits Asia - Mixed calls for this commodity (coal) company.

08/16/10 CIMB Straits Asia 2.08 1.95 Underperform DCF
11/03/10 CIMB Straits Asia 2.32 2.01 Underperform DCF
12/10/10 CIMB Straits Asia 2.52 2.27 Underperform DCF
01/28/11 CIMB Straits Asia 2.66 2.27 Underperform DCF
02/22/11 CIMB Straits Asia 2.42 2.7 Outperform DCF (15% premium)

11/23/10 Credit Suisse Straits Asia 2.53 3.1 Outperform

10/08/10 DBS Vickers Straits Asia 2.34 2.3 Hold DCF
11/04/10 DBS Vickers Straits Asia 2.33 2.3 Hold DCF

06/17/10 DMG & Partners Straits Asia 2.04 2.08 Neutral DCF, PER11.4x
08/16/10 DMG & Partners Straits Asia 2.08 2.08 Neutral DCF
08/23/10 DMG & Partners Straits Asia 2.13 2.1 Neutral DCF, PER11.5x
11/03/10 DMG & Partners Straits Asia 2.32 2.1 Neutral DCF, PER11.5x
11/08/10 DMG & Partners Straits Asia 2.35 2.1 Neutral DCF, PER11.5x
12/08/10 DMG & Partners Straits Asia 2.69 2.49 Neutral PER16.3x
01/13/11 DMG & Partners Straits Asia 2.88 2.49 Sell DCF, PER15.4x
02/22/11 DMG & Partners Straits Asia 2.42 2.49 Neutral DCF, PER15.4x

08/02/10 Merrill Lynch Straits Asia 2.14 2.87 Buy DCF

11/04/10 Nomura Straits Asia 2.33 2.8 Buy
12/06/10 Nomura Straits Asia 2.69 2.8 Reduce

06/03/10 OCBC Straits Asia 1.85 1.82 Hold DCF
06/15/10 OCBC Straits Asia 2.01 1.82 Hold
07/09/10 OCBC Straits Asia 1.95 1.85 Hold DCF
08/18/10 OCBC Straits Asia 2.04 2.08 Hold
09/08/10 OCBC Straits Asia 2.1 2.08 Hold
10/06/10 OCBC Straits Asia 2.33 2.24 Hold
11/30/10 OCBC Straits Asia 2.64 3.13 Buy
12/14/10 OCBC Straits Asia 2.5 3.13 Buy
01/11/11 OCBC Straits Asia 2.59 2.89 Buy
02/22/11 OCBC Straits Asia 2.42 2.74 Buy

Stats Chippac - Downgraded by Lim & Tan.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

08/02/10 Lim & Tan STATS Chippac 1.15 0 Buy
08/05/10 Lim & Tan STATS Chippac 1.23 0 Buy
10/29/10 Lim & Tan STATS Chippac 0.985 0 Sell
01/28/11 Lim & Tan STATS Chippac 0.885 0 Sell

Tuesday, March 1, 2011

Starhub - Mixed calls by analysts for telecommunication sector.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

08/06/10 AmFraser Starhub 2.33 1.88 Sell

08/06/10 CIMB Starhub 2.33 2.14 Underperform DCF
08/30/10 CIMB Starhub 2.38 2.14 Underperform
09/03/10 CIMB Starhub 2.52 2.14 Underperform DCF
09/13/10 CIMB Starhub 2.47 2.14 Underperform
10/18/10 CIMB Starhub 2.62 2.24 Underperform DCF
11/10/10 CIMB Starhub 2.8 2.5 Underperform DCF

07/28/10 DBS Vickers Starhub 2.31 2.2 Fully Valued DCF
07/30/10 DBS Vickers Starhub 2.35 2.2 Fully Valued
08/06/10 DBS Vickers Starhub 2.33 2.2 Fully Valued DCF
08/18/10 DBS Vickers Starhub 2.38 2.2 Fully Valued
09/01/10 DBS Vickers Starhub 2.46 2.2 Fully Valued
09/03/10 DBS Vickers Starhub 2.52 2.2 Fully Valued
09/07/10 DBS Vickers Starhub 2.49 2.2 Fully Valued
11/04/10 DBS Vickers Starhub 2.76 2.2 Sell DCF
01/03/11 DBS Vickers Starhub 2.63 2.2 Sell

07/22/10 DMG & Partners Starhub 2.32 2.15 Neutral
08/06/10 DMG & Partners Starhub 2.32 2.15 Neutral
09/01/10 DMG & Partners Starhub 2.46 2.15 Neutral
09/02/10 DMG & Partners Starhub 2.46 2.15 Neutral
09/07/10 DMG & Partners Starhub 2.49 2.15 Neutral
11/10/10 DMG & Partners Starhub 2.8 2.85 Neutral DCF
01/17/11 DMG & Partners Starhub 2.57 2.85 Neutral
01/26/11 DMG & Partners Starhub 2.53 2.85 Neutral
02/14/11 DMG & Partners Starhub 2.61 2.88 Neutral DCF

08/06/10 Kim Eng Starhub 2.33 2.78 Buy PER15x
10/06/10 Kim Eng Starhub 2.6 2.78 Buy
11/10/10 Kim Eng Starhub 2.8 3.27 Buy Yield 5.5%
02/14/11 Kim Eng Starhub 2.61 3.08 Buy Div Yield 7.7%

02/14/11 Morgan Stanley Starhub 2.61 2.7 Equalweight

06/16/10 OCBC Starhub 2.24 2.32 Buy Div Yield 8.8%
07/06/10 OCBC Starhub 2.29 2.32 Buy
07/28/10 OCBC Starhub 2.31 2.32 Buy Div Yield 8.8%
09/01/10 OCBC Starhub 2.46 2.41 Buy Div Yield 7.3%
10/11/10 OCBC Starhub 2.57 2.58 Buy Div Yield 7%
11/29/10 OCBC Starhub 2.69 3.02 Buy DCF
01/04/11 OCBC Starhub 2.63 3.02 Buy Div Yield 7.6%
02/01/11 OCBC Starhub 2.55 3.02 Buy DCF
02/14/11 OCBC Starhub 2.61 3.02 Buy DCF

08/06/10 phillip Starhub 2.33 2.16 Hold DCF
09/03/10 phillip Starhub 2.52 2.41 Hold
11/10/10 phillip Starhub 2.8 2.63 Hold

02/14/11 UOB Kay Hian Starhub 2.61 3.1 Buy

Starhill - Twinkle twinkle little stars, how I wonder what you are......

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/19/10 DBS Vickers Starhill 0.595 0.73 Buy
07/27/10 DBS Vickers Starhill 0.59 0.73 Buy
10/27/10 DBS Vickers Starhill 0.61 0.76 Buy
01/27/11 DBS Vickers Starhill 0.65 0.78 Buy

11/25/10 Kim Eng Starhill 0.615 0.8 Buy DDM
01/11/11 Kim Eng Starhill 0.63 0.8 Buy DDM, Div Yield 6.7%
01/27/11 Kim Eng Starhill 0.635 0.8 Buy DDM

07/02/10 OCBC Starhill 0.545 0.65 Buy DDM
07/12/10 OCBC Starhill 0.57 0.65 Buy
07/27/10 OCBC Starhill 0.59 0.65 Buy DDM
09/02/10 OCBC Starhill 0.575 0.65 Buy
09/15/10 OCBC Starhill 0.585 0.65 Buy DDM
09/30/10 OCBC Starhill 0.585 0.65 Buy
10/08/10 OCBC Starhill 0.595 0.65 Buy
11/09/10 OCBC Starhill 0.62 0.66 Buy Under Review
12/10/10 OCBC Starhill 0.62 0.66 Buy
01/27/11 OCBC Starhill 0.65 0.74 Buy

Stamford Land - Buy call from Lim & Tan.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

07/08/10 Lim & Tan Stamford Land 0.495 0 Buy
09/14/10 Lim & Tan Stamford Land 0.48 0 Buy
09/21/10 Lim & Tan Stamford Land 0.49 0 Buy
09/30/10 Lim & Tan Stamford Land 0.525 0 Buy
02/17/11 Lim & Tan Stamford Land 0.625 0 Buy