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Tuesday, December 26, 2017

Frasers Commercial Trust (FCOT) - Stock calls


Date Analyst Company Last Target Call Valuation
01/08/16 DBS Vickers Frasers Commercial Trust 1.25 1.53 Buy DCF
01/21/16 Lim & Tan Frasers Commercial Trust 1.2 0 Buy
01/21/16 OCBC Frasers Commercial Trust 1.2 1.42 Buy DDM
01/22/16 CIMB Frasers Commercial Trust 1.195 1.57 Add DDM
01/25/16 DMG & Partners Frasers Commercial Trust 1.215 1.4 Buy DDM
03/17/16 DMG & Partners Frasers Commercial Trust 1.29 1.4 Buy
04/06/16 DBS Vickers Frasers Commercial Trust 1.3 1.53 Buy DCF
04/13/16 Kim Eng Frasers Commercial Trust 1.295 1.48 Not Rated
04/21/16 Lim & Tan Frasers Commercial Trust 1.29 0 Buy
04/21/16 OCBC Frasers Commercial Trust 1.29 1.42 Buy
04/22/16 CIMB Frasers Commercial Trust 1.31 1.42 Add DDM
04/22/16 DBS Vickers Frasers Commercial Trust 1.31 1.47 Buy
06/22/16 DIR Frasers Commercial Trust 1.24 1.43 Outperform DDM
07/04/16 DMG & Partners Frasers Commercial Trust 1.27 1.4 Buy
07/13/16 DBS Vickers Frasers Commercial Trust 1.33 1.49 Buy
07/25/16 CIMB Frasers Commercial Trust 1.345 1.42 Add DDM
07/25/16 DIR Frasers Commercial Trust 1.345 1.47 Outperform DDM
07/25/16 OCBC Frasers Commercial Trust 1.345 1.45 Buy
08/04/16 DIR Frasers Commercial Trust 1.325 1.47 Outperform
10/14/16 DIR Frasers Commercial Trust 1.36 1.47 Outperform
10/20/16 Lim & Tan Frasers Commercial Trust 1.4 0 Buy
10/21/16 CIMB Frasers Commercial Trust 1.395 1.4 Hold DDM
10/21/16 DBS Vickers Frasers Commercial Trust 1.395 1.49 Buy DCF
10/21/16 DIR Frasers Commercial Trust 1.395 1.36 Hold DDM
11/09/16 DBS Vickers Frasers Commercial Trust 1.325 1.49 Buy
12/05/16 DMG & Partners Frasers Commercial Trust 1.285 1.4 Neutral
01/24/17 CIMB Frasers Commercial Trust 1.28 1.26 Hold DDM
01/24/17 DBS Vickers Frasers Commercial Trust 1.28 1.46 Buy DCF
01/24/17 DIR Frasers Commercial Trust 1.28 1.36 Hold DDM
01/24/17 DMG & Partners Frasers Commercial Trust 1.28 1.4 Neutral DDM
01/24/17 OCBC Frasers Commercial Trust 1.28 1.48 Buy
02/28/17 DIR Frasers Commercial Trust 1.27 1.42 Outperform DDM
03/10/17 DMG & Partners Frasers Commercial Trust 1.255 1.4 Neutral
03/14/17 OCBC Frasers Commercial Trust 1.25 1.39 Buy
04/07/17 DMG & Partners Frasers Commercial Trust 1.315 1.4 Neutral DDM
04/18/17 DIR Frasers Commercial Trust 1.325 1.42 Outperform
04/21/17 OCBC Frasers Commercial Trust 1.325 1.39 Buy
04/24/17 CIMB Frasers Commercial Trust 1.335 1.35 Hold DDM
04/24/17 DIR Frasers Commercial Trust 1.335 1.45 Outperform DDM
04/25/17 DBS Vickers Frasers Commercial Trust 1.35 1.52 Buy DCF
05/30/17 DBS Vickers Frasers Commercial Trust 1.38 1.52 Buy DCF
07/12/17 DMG & Partners Frasers Commercial Trust 1.41 1.4 Neutral
07/25/17 CIMB Frasers Commercial Trust 1.425 1.45 Hold DDM
07/25/17 DBS Vickers Frasers Commercial Trust 1.425 1.61 Buy DCF
07/26/17 OCBC Frasers Commercial Trust 1.44 1.42 Hold
07/26/17 DIR Frasers Commercial Trust 1.44 1.45 Hold DDM
09/04/17 OCBC Frasers Commercial Trust 1.395 1.42 Hold
09/21/17 DMG & Partners Frasers Commercial Trust 1.41 1.4 Neutral
09/25/17 Lim & Tan Frasers Commercial Trust 1.395 0 Hold
09/26/17 DIR Frasers Commercial Trust 1.38 1.43 Hold DDM
10/23/17 OCBC Frasers Commercial Trust 1.41 1.42 Hold DDM
10/23/17 DMG & Partners Frasers Commercial Trust 1.41 1.39 Neutral DDM
10/23/17 CIMB Frasers Commercial Trust 1.41 1.46 Hold DDM
10/23/17 DBS Vickers Frasers Commercial Trust 1.41 1.55 Buy DCF
11/06/17 OCBC Frasers Commercial Trust 1.39 1.42 Hold
11/07/17 DBS Vickers Frasers Commercial Trust 1.395 1.55 Buy DCF
12/15/17 OCBC Frasers Commercial Trust 1.44 1.42 Hold
12/18/17 OCBC Frasers Commercial Trust 1.42 1.51 Buy DDM

Stock calls for 26 December 2017


Date Analyst Company Last Target Call Valuation
12/26/17 Amfrasers Keppel Corp 7.47 8.04 Buy Sum of parts
12/26/17 OCBC Keppel Corp 7.47 8.12 Buy Sum of parts (10% discount)
12/26/17 Lim & Tan Keppel Corp 7.47 0 Hold
12/26/17 OCBC Sembcorp Marine 1.94 1.74 Sell
12/26/17 UOB Kay Hian World Class 0.23 0.32 Buy

Another country, Israel, has banned bitcoin trading.

https://finance.yahoo.com/news/israel-regulator-seeks-ban-bitcoin-firms-stock-exchange-111621526--finance.html

Israel will ban bitcoin trading soon!

Instead of seeing bitcoin getting worldwide adoption, merchants are dumping bitcoin payment system and central banks are banning bitcoins.  All these will affect bitcoin usages and demands.

Goodluck to bitcoin fanatics!

Apple is in trouble now!

https://finance.yahoo.com/news/analysts-cut-iphone-x-shipment-082735106.html

Analysts are cutting Iphone X shipments by 10m units.  Apple share price will tank if the bad sales materialize.

We did warn about Ipone X sales recently because of its high price and bad review.

http://sg-stock.blogspot.sg/2017/12/iphone-x-has-bad-review-and-its-sales.html

Monday, December 25, 2017

Frasers Centrepoint Trust (FCT) - Stock calls


Date Analyst Company Last Target Call Valuation
01/05/16 UOB Kay Hian Frasers Centrepoint Trust 1.845 2.15 Hold
01/08/16 DBS Vickers Frasers Centrepoint Trust 1.835 2.04 Buy DCF
01/22/16 Amfrasers Frasers Centrepoint Trust 1.84 2.06 Buy
01/22/16 DIR Frasers Centrepoint Trust 1.84 2.11 Outperform DDM
01/22/16 Kim Eng Frasers Centrepoint Trust 1.84 1.63 Sell Yield 7%
01/22/16 OCBC Frasers Centrepoint Trust 1.84 2.25 Buy
01/22/16 Phillip Frasers Centrepoint Trust 1.84 2 Accumulate DDM
01/25/16 CIMB Frasers Centrepoint Trust 1.875 2.07 Add DDM
01/25/16 Credit Suisse Frasers Centrepoint Trust 1.875 2.14 Outperform
01/25/16 Lim & Tan Frasers Centrepoint Trust 1.875 0 Buy
02/02/16 DMG & Partners Frasers Centrepoint Trust 1.92 2.22 Buy
03/07/16 DBS Vickers Frasers Centrepoint Trust 1.955 2.11 Buy DCF
03/17/16 DMG & Partners Frasers Centrepoint Trust 2 2.22 Buy
03/17/16 Phillip Frasers Centrepoint Trust 2 2 Accumulate DDM
03/30/16 UOB Kay Hian Frasers Centrepoint Trust 1.995 2.15 Hold DDM
04/06/16 DBS Vickers Frasers Centrepoint Trust 2.01 2.11 Buy DCF
04/13/16 Kim Eng Frasers Centrepoint Trust 2.01 1.78 Sell Yield 6.5%
04/22/16 Lim & Tan Frasers Centrepoint Trust 2.01 0 Hold
04/22/16 OCBC Frasers Centrepoint Trust 2.01 2.25 Buy
04/25/16 Amfrasers Frasers Centrepoint Trust 2 2.1 Buy
04/25/16 CIMB Frasers Centrepoint Trust 2 2.1 Add DDM
04/25/16 Credit Suisse Frasers Centrepoint Trust 2 2.14 Outperform
04/25/16 DBS Vickers Frasers Centrepoint Trust 2 2.1 Buy DCF
04/25/16 DIR Frasers Centrepoint Trust 2 2.15 Outperform DDM
04/25/16 Kim Eng Frasers Centrepoint Trust 2 1.78 Sell Yield 6.5%
04/25/16 Phillip Frasers Centrepoint Trust 2 2 Neutral DDM
04/27/16 UOB Kay Hian Frasers Centrepoint Trust 1.995 2.15 Hold
05/09/16 Amfrasers Frasers Centrepoint Trust 1.98 2.1 Buy
05/17/16 Kim Eng Frasers Centrepoint Trust 2.01 1.78 Sell
06/17/16 Amfrasers Frasers Centrepoint Trust 1.965 2.1 Buy
06/22/16 DMG & Partners Frasers Centrepoint Trust 1.955 2.22 Buy
06/27/16 UOB Kay Hian Frasers Centrepoint Trust 1.98 2.15 Hold
06/30/16 Kim Eng Frasers Centrepoint Trust 2.06 1.78 Sell
07/01/16 OCBC Frasers Centrepoint Trust 2.13 2.25 Buy
07/04/16 DMG & Partners Frasers Centrepoint Trust 2.12 2.22 Buy DDM
07/18/16 CIMB Frasers Centrepoint Trust 2.12 2.25 Add DDM
07/18/16 DIR Frasers Centrepoint Trust 2.12 2.25 Outperform DDM
07/18/16 Kim Eng Frasers Centrepoint Trust 2.12 1.9 Sell Yield 6.1%
07/18/16 OCBC Frasers Centrepoint Trust 2.12 2.32 Buy
07/18/16 Phillip Frasers Centrepoint Trust 2.12 2 Neutral DDM
07/18/16 UOB Kay Hian Frasers Centrepoint Trust 2.12 2.36 Hold
07/19/16 Credit Suisse Frasers Centrepoint Trust 2.17 2.24 Outperform
07/19/16 DBS Vickers Frasers Centrepoint Trust 2.17 2.29 Buy
08/01/16 UOB Kay Hian Frasers Centrepoint Trust 2.14 2.36 Hold
08/04/16 DIR Frasers Centrepoint Trust 2.17 2.25 Outperform
08/16/16 DBS Vickers Frasers Centrepoint Trust 2.14 2.29 Buy
08/31/16 Credit Suisse Frasers Centrepoint Trust 2.15 2.24 Outperform
10/14/16 DIR Frasers Centrepoint Trust 2.11 2.25 Outperform
10/14/16 Phillip Frasers Centrepoint Trust 2.11 2 Neutral
10/21/16 Lim & Tan Frasers Centrepoint Trust 2.16 0 Hold
10/24/16 CIMB Frasers Centrepoint Trust 2.13 2.28 Add DDM
10/24/16 DIR Frasers Centrepoint Trust 2.13 2.28 Outperform DDM
10/25/16 DBS Vickers Frasers Centrepoint Trust 2.1 2.29 Buy DCF
11/07/16 DBS Vickers Frasers Centrepoint Trust 2 2.29 Buy
11/07/16 OCBC Frasers Centrepoint Trust 2 2.33 Buy
11/17/16 Lim & Tan Frasers Centrepoint Trust 1.955 0 Buy
12/02/16 DMG & Partners Frasers Centrepoint Trust 1.94 2.22 Buy
12/06/16 CIMB Frasers Centrepoint Trust 1.935 2.01 Add
12/06/16 Kim Eng Frasers Centrepoint Trust 1.935 1.9 Sell
12/07/16 OCBC Frasers Centrepoint Trust 1.935 2.33 Buy
12/09/16 UOB Kay Hian Frasers Centrepoint Trust 1.95 2.15 Hold
01/03/17 DMG & Partners Frasers Centrepoint Trust 1.9 2.22 Buy DDM
01/09/17 DBS Vickers Frasers Centrepoint Trust 1.97 2.29 Buy DCF
01/12/17 HSBC Frasers Centrepoint Trust 1.995 2.3 Buy
01/18/17 DIR Frasers Centrepoint Trust 1.99 2.28 Outperform DDM
01/23/17 CIMB Frasers Centrepoint Trust 1.965 2.01 Add DDM
01/23/17 DBS Vickers Frasers Centrepoint Trust 1.965 2.2 Buy DCF
01/23/17 Lim & Tan Frasers Centrepoint Trust 1.965 0 Hold
01/23/17 OCBC Frasers Centrepoint Trust 1.965 2.28 Buy
01/23/17 Phillip Frasers Centrepoint Trust 1.965 2 Neutral DDM
01/31/17 Credit Suisse Frasers Centrepoint Trust 1.995 2.23 Outperform
03/06/17 OCBC Frasers Centrepoint Trust 2.01 2.28 Buy
03/07/17 UOB Kay Hian Frasers Centrepoint Trust 2.01 2.15 Hold
03/10/17 DMG & Partners Frasers Centrepoint Trust 1.965 2.22 Buy
03/27/17 DIR Frasers Centrepoint Trust 2.06 2.28 Outperform DDM
04/07/17 DMG & Partners Frasers Centrepoint Trust 2.06 2.22 Buy DDM
04/11/17 UOB Kay Hian Frasers Centrepoint Trust 2.07 2.15 Hold DDM, Buy @ $1.90
04/18/17 DIR Frasers Centrepoint Trust 2.09 2.28 Outperform
04/25/17 OCBC Frasers Centrepoint Trust 2.12 2.28 Buy
04/26/17 CIMB Frasers Centrepoint Trust 2.11 2.2 Add DDM
04/26/17 DBS Vickers Frasers Centrepoint Trust 2.11 2.2 Buy DCF
04/26/17 DIR Frasers Centrepoint Trust 2.11 2.31 Outperform DDM
04/27/17 Lim & Tan Frasers Centrepoint Trust 2.15 0 Hold
04/27/17 Phillip Frasers Centrepoint Trust 2.15 2.04 Neutral DDM
05/11/17 Amfrasers Frasers Centrepoint Trust 2.01 2.1 Buy DDM
05/25/17 UOB Kay Hian Frasers Centrepoint Trust 2.08 2.26 Buy
05/30/17 DBS Vickers Frasers Centrepoint Trust 2.08 2.2 Buy DCF
06/05/17 OCBC Frasers Centrepoint Trust 2.1 2.28 Buy
06/06/17 DIR Frasers Centrepoint Trust 2.09 2.31 Outperform
06/14/17 Amfrasers Frasers Centrepoint Trust 2.13 2.1 Hold
07/04/17 DMG & Partners Frasers Centrepoint Trust 2.14 2.22 Buy
07/25/17 Lim & Tan Frasers Centrepoint Trust 2.14 0 Buy
07/25/17 Phillip Frasers Centrepoint Trust 2.14 2.14 Neutral DDM, PB1.11x FY17
07/25/17 DIR Frasers Centrepoint Trust 2.14 2.36 Outperform DDM
07/25/17 Amfrasers Frasers Centrepoint Trust 2.14 2.11 Hold DDM
07/25/17 UOB Kay Hian Frasers Centrepoint Trust 2.14 2.26 Buy DDM
07/25/17 Credit Suisse Frasers Centrepoint Trust 2.14 2.24 Outperform
07/25/17 CIMB Frasers Centrepoint Trust 2.14 2.34 Add DDM
07/25/17 OCBC Frasers Centrepoint Trust 2.14 2.28 Buy
07/26/17 DBS Vickers Frasers Centrepoint Trust 2.14 2.26 Buy
08/22/17 OCBC Frasers Centrepoint Trust 2.11 2.28 Buy
09/13/17 Credit Suisse Frasers Centrepoint Trust 2.15 2.27 Outperform
09/21/17 DMG & Partners Frasers Centrepoint Trust 2.13 2.22 Buy
10/23/17 UOB Kay Hian Frasers Centrepoint Trust 2.19 2.26 buy
10/25/17 Lim & Tan Frasers Centrepoint Trust 2.24 0 Buy
10/26/17 OCBC Frasers Centrepoint Trust 2.21 2.4 Buy DDM
10/26/17 Phillip Frasers Centrepoint Trust 2.21 2.14 Neutral DDM
10/26/17 DMG & Partners Frasers Centrepoint Trust 2.21 2.24 Neutral DDM
10/26/17 UOB Kay Hian Frasers Centrepoint Trust 2.21 2.43 Buy DDM
10/26/17 CIMB Frasers Centrepoint Trust 2.21 2.38 Add DDM
10/26/17 DBS Vickers Frasers Centrepoint Trust 2.21 2.37 Buy
11/30/17 OCBC Frasers Centrepoint Trust 2.21 2.4 Buy
12/01/17 UOB Kay Hian Frasers Centrepoint Trust 2.22 2.43 Buy
12/14/17 CIMB Frasers Centrepoint Trust 2.21 2.38 Add DDM
12/14/17 OCBC Frasers Centrepoint Trust 2.21 2.4 Buy
12/18/17 DBS Vickers Frasers Centrepoint Trust 2.2 2.37 Buy
12/19/17 DMG & Partners Frasers Centrepoint Trust 2.2 2.24 Neutral

Frasers Centrepoint Limited (FCL) - Stock calls


Date Analyst Company Last Target Call Valuation
01/08/16 DBS Vickers Frasers Centrepoint Ltd 1.645 2.05 Buy RNAV (30% discount)
02/04/16 Lim & Tan Frasers Centrepoint Ltd 1.615 0 Buy
02/05/16 CIMB Frasers Centrepoint Ltd 1.6 2.04 Add RNAV (30% discount)
03/16/16 DBS Vickers Frasers Centrepoint Ltd 1.59 2.05 Buy
04/06/16 DBS Vickers Frasers Centrepoint Ltd 1.65 2.05 Buy RNAV (30% discount)
05/10/16 Lim & Tan Frasers Centrepoint Ltd 1.68 0 Buy
05/11/16 CIMB Frasers Centrepoint Ltd 1.65 2.03 Add RNAV (30% discount)
05/11/16 DBS Vickers Frasers Centrepoint Ltd 1.65 2.05 Buy
06/01/16 Lim & Tan Frasers Centrepoint Ltd 1.6 0 Buy
06/23/16 DIR Frasers Centrepoint Ltd 1.555 2.01 Buy Sum of parts (30% discount)
07/08/16 DIR Frasers Centrepoint Ltd 1.5 1.96 Buy Sum of parts (30% discount)
08/08/16 DIR Frasers Centrepoint Ltd 1.53 1.98 Buy Sum of parts (30% discount)
08/10/16 CIMB Frasers Centrepoint Ltd 1.53 2.04 Add RNAV (30% discount)
08/10/16 Lim & Tan Frasers Centrepoint Ltd 1.53 0 Buy
08/11/16 DBS Vickers Frasers Centrepoint Ltd 1.54 1.9 Buy RNAV (30% discount)
09/30/16 DBS Vickers Frasers Centrepoint Ltd 1.49 1.9 Buy
10/11/16 CIMB Frasers Centrepoint Ltd 1.495 2.04 Add RNAV (30% discount)
10/11/16 DIR Frasers Centrepoint Ltd 1.495 1.98 Buy Sum of parts (30% discount)
10/11/16 Lim & Tan Frasers Centrepoint Ltd 1.495 0 Buy
11/10/16 CIMB Frasers Centrepoint Ltd 1.505 2.02 Add RNAV (30% discount)
11/10/16 DIR Frasers Centrepoint Ltd 1.505 1.87 Buy RNAV (30% discount)
11/11/16 DBS Vickers Frasers Centrepoint Ltd 1.525 2 Buy RNAV (30% discount)
12/07/16 DIR Frasers Centrepoint Ltd 1.52 1.87 Buy RNAV (30% discount)
01/09/17 DBS Vickers Frasers Centrepoint Ltd 1.62 2 Buy RNAV (30% discount)
02/10/17 DBS Vickers Frasers Centrepoint Ltd 1.6 2 Buy RNAV (30% discount)
02/10/17 DIR Frasers Centrepoint Ltd 1.6 1.89 Buy RNAV (30% discount)
02/13/17 CIMB Frasers Centrepoint Ltd 1.67 2.02 Add RNAV (30% discount)
03/15/17 DIR Frasers Centrepoint Ltd 1.705 1.89 Buy RNAV (30% discount)
03/17/17 DBS Vickers Frasers Centrepoint Ltd 1.74 2 Buy
04/04/17 DBS Vickers Frasers Centrepoint Ltd 1.745 2 Buy RNAV (30% discount)
04/04/17 DIR Frasers Centrepoint Ltd 1.745 1.91 Outperform RNAV (30% discount)
04/10/17 CIMB Frasers Centrepoint Ltd 1.785 2.02 Add RNAV (20% discount)
04/17/17 Lim & Tan Frasers Centrepoint Ltd 1.79 0 Buy
04/18/17 DIR Frasers Centrepoint Ltd 1.755 2.03 Outperform Sum of parts (30% discount)
05/11/17 Lim & Tan Frasers Centrepoint Ltd 1.865 0 Buy
05/12/17 CIMB Frasers Centrepoint Ltd 1.865 2.05 Add RNAV (30% discount)
05/12/17 DBS Vickers Frasers Centrepoint Ltd 1.865 2.3 Buy RNAV (20% discount)
05/12/17 DIR Frasers Centrepoint Ltd 1.865 2.04 Outperform Sum of parts (30% discount)
06/09/17 UOB Kay Hian Frasers Centrepoint Ltd 1.885 2.26 Buy
06/14/17 Lim & Tan Frasers Centrepoint Ltd 1.89 0 Buy
08/01/17 DBS Vickers Frasers Centrepoint Ltd 1.925 2.3 Buy RNAV (20% discount), PB1x
08/10/17 CIMB Frasers Centrepoint Ltd 1.915 2.09 Add RNAV (30% discount)
08/11/17 DBS Vickers Frasers Centrepoint Ltd 1.91 2.35 Buy RNAV (20% discount), PB1x
09/12/17 DBS Vickers Frasers Centrepoint Ltd 2.12 2.35 Buy
09/12/17 Lim & Tan Frasers Centrepoint Ltd 2.12 0 Hold
11/10/17 Lim & Tan Frasers Centrepoint Ltd 2.04 0 Buy
11/14/17 DBS Vickers Frasers Centrepoint Ltd 2.05 2.35 Buy RNAV (20% discount), PB1x
11/14/17 CIMB Frasers Centrepoint Ltd 2.05 2.37 Add RNAV (30% discount)
12/15/17 Lim & Tan Frasers Centrepoint Ltd 2.08 0 Buy
12/18/17 DBS Vickers Frasers Centrepoint Ltd 2.12 2.35 Buy

Fortune Reit - Stock calls


Date Analyst Company Last Target Call Valuation
08/10/16 DIR Fortune Reit 9.85 10.9 Outperform
11/30/16 DIR Fortune Reit 8.69 10.9 Buy DDM
02/01/17 DIR Fortune Reit 9.02 10.9 Buy DDM
08/01/17 DIR Fortune Reit 9.72 10.9 Outperform

Keppel Corp is fined S$570m for bribery!

https://www.channelnewsasia.com/news/business/keppel-pledges-to-protect-dividends-from-one-off-brazil-bribery-9523872

No matter what, this huge fine will impact Keppel and its future dividends will definitely be affected.  There is no way for Keppel to recoup this fine through cost-cutting measures within the company.

Keppel's share price will react to this huge fine tomorrow!

Stockbank would like to wish everyone a Merry X'mas!

Merry X'mas to all our readers!

We would like to wish everyone many successes and overwhelming prosperities for this X'mas and the upcoming new year.

Cheers! Be safe & don't drink and drive!

Saturday, December 23, 2017

Baltic dry index - 1366

Today, Thursday, December 21 2017, the Baltic Dry Index decreased by 64 points, reaching 1366 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.
==========================
Related stocks: Sembcorp Marine, Cosco & Pan Ocean

US rig count - 931

HOUSTON (AP) - The number of rigs exploring for oil and natural gas in the U.S. rose by one this week to 931.
That exceeds the 653 rigs that were active this time a year ago.
Houston oilfield services company Baker Hughes reported on Friday that 747 rigs were drilling for oil and 184 for natural gas this week.
Among oil- and gas-producing states, New Mexico gained four rigs, and North Dakota added one. Texas and Wyoming each lost two rigs, and Oklahoma lost one.
Alaska, Arkansas, California, Colorado, Kansas, Louisiana, Ohio, Pennsylvania, Utah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.

======================

Related stocks: Keppel Corp, Sembcorp Marine, Cosco

Bitcoin price crashed 47% in just 5 days.

https://www.investopedia.com/news/bitcoin-price-down-40-percent-5-days/?partner=YahooSA&yptr=yahoo

https://www.cnbc.com/2017/12/22/coinbase-one-of-the-biggest-bitcoin-marketplaces-says-buying-and-selling-temporarily-disabled-amid-price-rout.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104913889&yptr=yahoo

Bitcoin has crashed to as low as $10,400 yesterday from a high of $19,600 recently.  If you are a merchant that allows bitcoin payment, how will you feel about holding bitcoins in your asset account on the balance sheet?  Furthermore, the processing fee for bitcoin has gone up to as high as $40 per transaction and the processing time is 10min or more.  Consequently, bitcoin trading exchange like Coinbase will suspend bitcoin trading at its whim & fancy.  This will leave bitcoin holders with no avenue to cash out of bitcoins under volatile trading circumstances.  It is no wonder that merchants are starting to ditch bitcoin payment mode.

Some bitcoin fanatics are mortgaging their houses to buy bitcoins whilst others are borrowing from credit cards and other sources to buy bitcoins.  This credit borrowing behaviour is extremely dangerous for the financial market.

http://fortune.com/2017/12/12/bitcoin-investors-mortgages/

No wonder economists and governments are worrying that the burgeoning growth in bitcoin trading will cause other sectors of the financial industry to collapse because of this leveraged behaviour.

https://www.marketwatch.com/story/bitcoin-because-of-massive-borrowing-could-crash-the-financial-markets-2017-12-22?siteid=yhoof2&yptr=yahoo

The Japanese investors are most heavily impacted by the bitcoin crash last night because Japan is the largest bitcoin trading market currently.  Many Japanese retail investors put their life savings into this pseudo-currency to build up their retirement nests.  If they're burnt heavily, they'll have no choice but to cash out from other investments like stocks, properties, etc for travel and subsistence.  Therefore, Japan financial industry will be greatly affected by the ensuing outcome of the bitcoin crash.

Friday, December 22, 2017

Food Empire - Stock calls


Date Analyst Company Last Target Call Valuation
01/23/17 UOB Kay Hian Food Empire 0.565 0.78 Buy PER19x FY17
03/02/17 UOB Kay Hian Food Empire 0.57 0.78 Buy PER19x FY17
04/03/17 UOB Kay Hian Food Empire 0.58 0.78 Buy
04/11/17 DMG & Partners Food Empire 0.575 0.76 Buy PER18x FY17
05/03/17 UOB Kay Hian Food Empire 0.54 0.78 Buy
05/12/17 DMG & Partners Food Empire 0.58 0.85 Buy
05/16/17 DMG & Partners Food Empire 0.655 0.95 Buy PER18x FY17
05/16/17 UOB Kay Hian Food Empire 0.655 0.9 Buy PER19x FY17
08/14/17 UOB Kay Hian Food Empire 0.67 0.87 Buy PER19x FY17
08/14/17 DMG & Partners Food Empire 0.67 0.95 Buy PER18x FY17
11/10/17 DMG & Partners Food Empire 0.66 1 Buy PER18x FY18
12/19/17 DMG & Partners Food Empire 0.655 1 Buy

First Sponsor - Stock calls


Date Analyst Company Last Target Call Valuation
08/31/17 Amfrasers First Sponsor 1.37 1.62 Not Rated RNAV (25% discount)

Stock calls for 22 December 2017


Date Analyst Company Last Target Call Valuation
12/22/17 Lim & Tan Yuuzoo 0.048 0 Sell

UN condems Australia!

https://sg.news.yahoo.com/un-condemns-australia-apos-forced-052950038.html

This is how Australia is like.  No wonder Lee Kuan Yew called Australia, the white trash of the east.

It doesn't recognize PCA as an international court but expects China to adhere to PCA's ruling.

It doesn't want to fulfill its non-refoulment obligation but expects other countries to fulfill.

Therefore, UN condemns Australia now!

128 UN members rejected US recognition of Jerusalem status.

https://www.theguardian.com/world/2017/dec/21/united-nations-un-vote-donald-trump-jerusalem-israel

128 vs 9 is the outcome of the latest UN votes on Jerusalem status.  The USA lost by a super big margin but this was only symbolic in nature.  However, this voting proves that UN members are adamant to show to the USA and its lackeys that are in need of USA's aids that UN won't be manipulated and held hostage by the USA.

Shame on you, USA!

Thursday, December 21, 2017

First Ship Lease Trust (FSLT) - Stock calls


Date Analyst Company Last Target Call Valuation
02/02/16 Amfrasers First Ship Lease Trust 0.134 0.26 Buy
05/09/16 Amfrasers First Ship Lease Trust 0.152 0.2 Buy
05/11/16 Amfrasers First Ship Lease Trust 0.155 0.21 Buy PB0.8x
08/14/17 Amfrasers First Ship Lease Trust 0.08 0.13 Buy DCF
12/13/17 Amfrasers First Ship Lease Trust 0.082 0.15 Buy DCF

First Resources - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/16 UOB Kay Hian First Resources 1.92 2.4 Buy
01/12/16 CIMB First Resources 1.81 2.38 Add
01/26/16 Deutsche First Resources 1.74 2.85 Buy
02/03/16 DMG & Partners First Resources 1.76 2.69 Buy
02/26/16 CIMB First Resources 1.84 2.1 Add PER13x FY17
02/26/16 DBS Vickers First Resources 1.84 1.85 Hold
02/26/16 DMG & Partners First Resources 1.84 2.35 Buy PER19x FY16
02/26/16 Kim Eng First Resources 1.84 2.08 Buy PER17x FY16
02/26/16 UOB Kay Hian First Resources 1.84 2 Buy PER17x FY16
02/26/16 Credit Suisse First Resources 1.84 2.1 Outperform Up from $2
03/31/16 UOB Kay Hian First Resources 2.08 2.65 Buy
04/01/16 CIMB First Resources 2.02 2.1 Add
04/12/16 DBS Vickers First Resources 2.03 1.85 Hold
04/21/16 Deutsche First Resources 1.99 2.6 Buy
04/21/16 Kim Eng First Resources 1.99 2.08 Hold PER17x FY16
05/16/16 CIMB First Resources 1.645 1.98 Add PER13x FY17
05/16/16 Credit Suisse First Resources 1.645 2.3 Outperform
05/16/16 DBS Vickers First Resources 1.645 1.85 Hold
05/16/16 Deutsche First Resources 1.645 2.25 Buy
05/16/16 DMG & Partners First Resources 1.645 1.9 Buy
05/16/16 Kim Eng First Resources 1.645 1.7 Hold PER17x FY16
05/16/16 UOB Kay Hian First Resources 1.645 2.2 Buy PER17x FY17
06/01/16 CIMB First Resources 1.615 1.98 Add
06/10/16 Deutsche First Resources 1.745 2 Buy
06/17/16 Macquarie First Resources 1.65 2.2 Outperform
06/24/16 UOB Kay Hian First Resources 1.63 2.2 Buy PER17x FY17
07/14/16 UOB Kay Hian First Resources 1.555 2.2 Buy
07/27/16 Kim Eng First Resources 1.56 1.71 Buy PER17x FY16
07/28/16 UOB Kay Hian First Resources 1.565 2 Buy PER17x FY17
08/11/16 DBS Vickers First Resources 1.625 1.82 Hold
08/11/16 Credit Suisse First Resources 1.625 2.1 Outperform
08/15/16 CIMB First Resources 1.63 1.98 Add PER13x FY17
08/15/16 UOB Kay Hian First Resources 1.63 2 Buy PER17x FY17
08/16/16 CIMB First Resources 1.705 1.95 Add PER13x FY17
08/16/16 DBS Vickers First Resources 1.705 1.8 Buy DCF
08/16/16 Kim Eng First Resources 1.705 1.8 Buy PER17x FY17
09/15/16 UOB Kay Hian First Resources 1.795 2 Buy PER17x FY17
10/06/16 Kim Eng First Resources 1.785 1.8 Buy
10/25/16 DBS Vickers First Resources 1.77 1.9 Hold DCF
10/27/16 UOB Kay Hian First Resources 1.815 2 Buy PER17x FY17
11/10/16 CIMB First Resources 1.81 2.32 Add PER13x FY18
11/10/16 DMG & Partners First Resources 1.81 1.73 Neutral
11/10/16 UOB Kay Hian First Resources 1.81 2 Buy PER17x FY17
11/11/16 DBS Vickers First Resources 1.85 1.9 Hold DCF
11/11/16 Kim Eng First Resources 1.85 1.97 Hold PER17x FY17
12/06/16 CIMB First Resources 1.96 2.32 Add PER13x FY17
12/07/16 Deutsche First Resources 1.95 2.2 Buy
12/08/16 UOB Kay Hian First Resources 1.965 2 Buy
01/03/17 DMG & Partners First Resources 1.9 1.8 Neutral
01/11/17 CIMB First Resources 1.915 2.32 Add
01/11/17 DBS Vickers First Resources 1.915 1.9 Hold
01/11/17 Kim Eng First Resources 1.915 1.97 Hold
01/31/17 UOB Kay Hian First Resources 1.955 1.98 Buy
02/01/17 Kim Eng First Resources 1.93 1.97 Hold
02/03/17 UOB Kay Hian First Resources 1.935 2.15 Buy PER17x FY17
02/06/17 DMG & Partners First Resources 1.965 2 Hold PER19x FY17
02/13/17 DBS Vickers First Resources 1.97 1.9 Hold
02/17/17 DBS Vickers First Resources 1.96 2.19 Buy
02/28/17 CIMB First Resources 1.87 2.32 Add PER13x FY18
03/01/17 DBS Vickers First Resources 1.885 2.15 Buy DCF
03/01/17 Kim Eng First Resources 1.885 1.97 Hold PER17x FY17
03/01/17 UOB Kay Hian First Resources 1.885 2.15 Buy PER17x FY17
03/09/17 DMG & Partners First Resources 1.94 1.9 Neutral
04/11/17 DMG & Partners First Resources 1.915 1.8 Neutral
05/02/17 UOB Kay Hian First Resources 1.875 2.15 Buy PER17x FY17
05/12/17 CIMB First Resources 1.96 2.32 Add PER13x FY18
05/12/17 Kim Eng First Resources 1.96 1.97 Hold PER17x FY17
05/15/17 DMG & Partners First Resources 1.955 2.05 Neutral PER17x FY17
05/16/17 DBS Vickers First Resources 2 2.15 Buy DCF
06/29/17 UOB Kay Hian First Resources 1.915 1.95 Hold
07/11/17 DBS Vickers First Resources 1.89 2.15 Buy
07/20/17 UOB Kay Hian First Resources 1.885 1.95 Hold PER16x FY18, Buy @ $1.75
08/14/17 Kim Eng First Resources 1.84 1.97 Hold PER17x FY17
08/14/17 DMG & Partners First Resources 1.84 2.05 Neutral PER17x FY17
08/15/17 CIMB First Resources 1.84 2.32 Add PER13x FY18
08/15/17 DBS Vickers First Resources 1.84 2.13 Buy DCF
08/21/17 UOB Kay Hian First Resources 1.8 1.95 Hold
08/28/17 DIR First Resources 1.905 2.11 Outperform PER13x FY17/18
09/11/17 Kim Eng First Resources 1.88 1.97 Hold
09/13/17 DBS Vickers First Resources 1.885 2.13 Buy
10/09/17 UOB Kay Hian First Resources 1.925 1.95 Hold PER16x FY18, Buy @ $1.75
10/11/17 Kim Eng First Resources 1.93 2.04 Hold PER17x FY17
10/11/17 CIMB First Resources 1.93 2.32 Add
11/02/17 Credit Suisse First Resources 1.98 2.3 Neutral PER16x FY18
11/03/17 CIMB First Resources 1.96 2.32 Add
11/13/17 Kim Eng First Resources 1.94 2.04 Hold PER17x FY17
11/13/17 DBS Vickers First Resources 1.94 2.13 Buy
11/14/17 Kim Eng First Resources 1.95 2.04 Hold PER17x FY17
11/14/17 DMG & Partners First Resources 1.95 2.13 Neutral PER13x FY18
11/14/17 CIMB First Resources 1.95 2.13 Add PER13x FY19
11/15/17 DBS Vickers First Resources 1.93 2.18 Buy DCF, PER14.5x FY18
11/15/17 UOB Kay Hian First Resources 1.93 1.95 Hold PER16x FY18, Buy @ $1.75
11/15/17 Credit Suisse First Resources 1.93 2.3 Neutral
12/04/17 CIMB First Resources 1.88 2.13 Add
12/13/17 Kim Eng First Resources 1.88 2.04 Hold
12/13/17 DMG & Partners First Resources 1.88 2.03 Neutral PER12x FY18