Ifast Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/19/16	DBS Vickers	Ifast Corp	1.25	1.45	Buy	DDM
02/23/16	DMG & Partners	Ifast Corp	1.28	1.27	Neutral	DCF
05/03/16	DBS Vickers	Ifast Corp	1.215	1.38	Buy
05/03/16	DMG & Partners	Ifast Corp	1.215	1.17	Neutral	DCF
07/15/16	phillip	Ifast Corp	1	1.275	Buy	PER25x FY17
08/01/16	DBS Vickers	Ifast Corp	0.92	1.2	Buy
08/01/16	DMG & Partners	Ifast Corp	0.92	0.88	Neutral
08/05/16	phillip	Ifast Corp	0.925	1.275	Buy	PER25x FY17
09/16/16	phillip	Ifast Corp	0.875	1.27	Buy
10/31/16	DBS Vickers	Ifast Corp	0.85	1.2	Buy
10/31/16	phillip	Ifast Corp	0.85	1.275	Buy	PER25x FY17
12/01/16	UOB Kay Hian	Ifast Corp	0.83	1.06	Buy
12/09/16	DBS Vickers	Ifast Corp	0.855	1.2	Buy
12/09/16	phillip	Ifast Corp	0.855	1.275	Buy	PER25x FY17
02/20/17	DBS Vickers	Ifast Corp	0.855	0.94	Hold	DDM
02/20/17	DMG & Partners	Ifast Corp	0.855	0.79	Neutral
02/22/17	phillip	Ifast Corp	0.845	0.78	Neutral	PER25x FY17
04/28/17	DMG & Partners	Ifast Corp	0.6	0.88	Buy	DCF
05/02/17	DBS Vickers	Ifast Corp	0.715	0.94	Buy	DDM
05/05/17	phillip	Ifast Corp	0.74	0.78	Accumulate
05/25/17	UOB Kay Hian	Ifast Corp	0.87	1.05	Buy
06/13/17	UOB Kay Hian	Ifast Corp	0.975	1.02	Hold	DCF, Buy @ $0.90
07/31/17	UOB Kay Hian	Ifast Corp	1.05	1.08	Hold	DCF, Buy @ $0.95
08/01/17	DMG & Partners	Ifast Corp	1.07	1.01	Neutral	DCF
08/01/17	DBS Vickers	Ifast Corp	1.07	1.26	Buy
08/02/17	phillip	Ifast Corp	1.055	1.11	Accumulate	PER34.3x FY17
10/30/17	DMG & Partners	Ifast Corp	0.94	1.01	Neutral	DCF
10/30/17	DBS Vickers	Ifast Corp	0.94	1.26	Buy	DDM
11/01/17	phillip	Ifast Corp	0.97	1.11	Accumulate	GGM

Hyflux - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/19/16	Credit Suisse	Hyflux	0.51	0.5	Neutral
02/19/16	OCBC	Hyflux	0.51	0.5	Hold	DCF
03/09/16	Bloomberg	Hyflux	0.565	0.5	Not Rated	Consensus target
05/13/16	OCBC	Hyflux	0.56	0.57	Hold	DCF
08/05/16	Credit Suisse	Hyflux	0.56	0.5	Neutral
04/07/17	Credit Suisse	Hyflux	0.57	0.5	Neutral
05/08/17	Credit Suisse	Hyflux	0.56	0.58	Neutral

Stock calls for 10 January 2018

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/18	CIMB	AEM	3.31	4.55	Add
01/10/18	phillip	DBS	26.51	29.3	Buy
01/10/18	OCBC	Frasers Logistics	1.19	1.25	Buy
01/10/18	Amfrasers	Keppel Corp	7.85	8.04	Buy
01/10/18	DMG & Partners	M1	1.79	1.9	Neutral
01/10/18	Lim & Tan	Mapletree Logistics	1.35	0	Hold
01/10/18	CIMB	Memtech	1.15	1.33	Add
01/10/18	phillip	OCBC	12.91	13.48	Buy
01/10/18	OCBC	Singapore Post	1.23	1.26	Hold
01/10/18	DMG & Partners	Singtel	3.63	4.1	Neutral
01/10/18	DMG & Partners	Starhub	2.89	2.7	Neutral
01/10/18	CIMB	Sunningdale	1.92	2.79	Add
01/10/18	phillip	UOB	27.8	25.22	Accumulate
01/10/18	Amfrasers	Valuemax	0.295	0.39	Buy
01/10/18	Kim Eng	Venture	21.57	27.5	Buy	PER18.8x FY18

Sahara desert is covered in snow now. Can you believe that?

Have you seen snow in a desert before?

What has happened to the climate now?

Noble's future is getting from bad to worse.

https://sg.finance.yahoo.com/news/troubled-noble-group-says-goodbye-global-oil-trading-040332524--finance.html

Noble has given up its oil trading business and is only left with its hard commodities division which consists of LNG & coal trading.

The hard commodities are not doing well because countries are getting more environmentally conscious especially with the chaotic climatic changes nowadays.  Carbon emission is on the mind of every government now and some countries are imposing combustible cars sales ban by 2030.

Sigh! We really have nothing good to speak of right now for Noble.

Singapore has redefined its UN voting stance.

https://sg.news.yahoo.com/singapore-not-taking-sides-vote-un-resolution-jerusalem-balakrishnan-094124266.html

The UN resolution vote on Jerusalem was to show that the UN was against the USA's recognition of Jerusalem.

Therefore, when you had cast a "For or Yes" vote, it would mean that you had voted against the USA's recognition of Jerusalem and also meant that Israel was not the true ruler of Jerusalem.

Thus, the "For" vote was definitely not a neutral stance.  Generally speaking, a neutral stance would mean abstinence from voting.

If casting a "For" vote means not taking sides, then what about not voting?  Does abstinence mean taking sides?

SG had already redefined the definition of an elected president.  It is trying to redefine the meaning of its voting stance now.

http://sg-stock.blogspot.sg/2017/07/omg-singapore-didnt-support-banning-of.html

I would like to know what did SG mean when it abstained from voting for a nuclear ban since voting "Yes or For" meant not taking sides.

Hutchison Port - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/16	Deutsche	Hutchison Port	0.475	0.58	Buy
02/03/16	DBS Vickers	Hutchison Port	0.47	0.61	Buy
02/03/16	JP Morgan	Hutchison Port	0.47	0.53	Neutral
02/03/16	Lim & Tan	Hutchison Port	0.47	0	Buy on weakness
02/03/16	OCBC	Hutchison Port	0.47	0.46	Hold
03/29/16	OCBC	Hutchison Port	0.495	0.46	Hold
04/19/16	JP Morgan	Hutchison Port	0.5	0.39	Underweight	DCF
04/19/16	OCBC	Hutchison Port	0.5	0.46	Hold
04/20/16	DBS Vickers	Hutchison Port	0.465	0.57	Buy
05/27/16	Deutsche	Hutchison Port	0.425	0.49	Buy
05/27/16	OCBC	Hutchison Port	0.425	0.46	Hold
06/14/16	OCBC	Hutchison Port	0.45	0.41	Hold
07/14/16	OCBC	Hutchison Port	0.455	0.43	Hold
07/29/16	DBS Vickers	Hutchison Port	0.485	0.56	Buy
09/14/16	OCBC	Hutchison Port	0.44	0.46	Hold
10/04/16	OCBC	Hutchison Port	0.44	0.46	Hold
12/07/16	Deutsche	Hutchison Port	0.42	0.49	Buy
12/08/16	DBS Vickers	Hutchison Port	0.42	0.48	Buy	DCF
01/05/17	OCBC	Hutchison Port	0.435	0.46	Buy	DDM
02/03/17	OCBC	Hutchison Port	0.425	0.46	Buy
02/13/17	OCBC	Hutchison Port	0.44	0.45	Hold	Buy @ $0.41 or below
02/14/17	DBS Vickers	Hutchison Port	0.415	0.42	Hold	DCF
04/25/17	OCBC	Hutchison Port	0.41	0.42	Hold
04/26/17	DBS Vickers	Hutchison Port	0.395	0.42	Hold	DCF
06/19/17	OCBC	Hutchison Port	0.445	0.42	Hold	Buy below $0.40
07/20/17	OCBC	Hutchison Port	0.48	0.42	Sell
07/21/17	DBS Vickers	Hutchison Port	0.445	0.42	Hold	DCF
10/31/17	OCBC	Hutchison Port	0.435	0.42	Hold
10/31/17	DBS Vickers	Hutchison Port	0.435	0.39	Hold	DCF
11/22/17	OCBC	Hutchison Port	0.42	0.42	Hold	Buy @ $0.39

HRnet Group - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/20/17	Credit Suisse	HRnetGroup	0.855	1.1	Outperform	DCF, PER21.9x FY17
08/17/17	Credit Suisse	HRnetGroup	0.75	1.04	Outperform
11/02/17	DMG & Partners	HRnetGroup	0.865	1.14	Buy	DCF, PER16x FY18 Ex-Cash
01/03/18	DBS Vickers	HRnetGroup	0.79	0.96	Buy	DCF & PER15x FY18 (ex-cash)
01/09/18	DMG & Partners	HRnetGroup	0.82	1.14	Buy	DCF

Stock calls for 9 January 2018

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/18	UOB Kay Hian	Citic Envirotech	0.74	1.09	Buy	DCF
01/09/18	UOB Kay Hian	Cityneon	0.97	1.55	Buy	PER15.4x FY18
01/09/18	Deutsche	DBS	26.45	27.1	Hold
01/09/18	DMG & Partners	HRnetGroup	0.82	1.14	Buy	DCF
01/09/18	DBS Vickers	Keppel Corp	7.77	9.8	Buy	Sum of parts, PB1.3x FY18
01/09/18	DBS Vickers	Mapletree Logistics	1.36	1.38	Buy
01/09/18	Deutsche	OCBC	12.99	13.6	Hold
01/09/18	OCBC	OUE Commercial	0.75	0.67	Hold
01/09/18	DBS Vickers	SPH Reit	1.07	1.07	Hold	DCF
01/09/18	Deutsche	UOB	27.25	30.6	Buy

Taiwan is embarking on a smearing campaign against China again.

http://www.worldnews.easybranches.com/regions/asia/taiwan-demands-immediate-halt-to-new-china-flight-routes-571987

ICAO, an agency under the UN, had approved the air route M503 for a 2-way flight (North-South & South-North) but China only started a one-way flight (North-South) in 2015 because of the friendly relationship between the 2 countries.  However, this was not mentioned by Taiwan at all during the protest.

Then, China decides to commence its South-North route for M503 in 2018 as it has the prerogative and approval from ICAO.  Therefore, I see no valid reason for Taiwan to demand China to halt this South-North flight on the M503 route because China has been flying on the M503 route for 3 years already.

Korean Hyundai is attacking the Japanese car manufacturers!

Hyundai latest advertisement focuses on its steel quality instead of its car features.  Why?

The Japanese Kobe steel scandal has affected the automotive industry and Hyundai is taking advantage of the scandal to showcase its steel quality over the Japan-made cars.

In another Korean stunt, Hyundai managed to stack 7 cars vertically to prove its steel mettle.

Bomb cyclone is creating weather havoc now and polar vortex is coming too!

Just look at the weather havoc created by the bomb cyclone in the USA & China.

https://www.washingtonpost.com/news/capital-weather-gang/wp/2018/01/02/monster-storm-to-blast-east-coast-before-polar-vortex-uncorks-tremendous-cold-late-this-week/?utm_term=.5646aff059df

New York

China yellow river (Huanghe)

The polar vortex is no longer able to be contained in the Arctic and will flow to the USA and beyond.  Scientists have discovered that the Arctic is forming more ice but the Antarctic is melting its ice.  Some scientists are postulating that ice age will happen in 2030 because of the sun activity.

http://metro.co.uk/2018/01/02/mini-ice-age-hit-2030-save-us-global-warming-scientists-claim-7196604/

Hotung - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/17	DMG & Partners	Hotung	1.515	1.9	Buy	PB0.6x, Yield 7%
04/17/17	DMG & Partners	Hotung	1.75	2	Buy	PB0.6x FY17
06/07/17	UOB Kay Hian	Hotung	1.87	3.38	Buy
06/12/17	Lim & Tan	Hotung	1.92	3.02	Buy
07/05/17	UOB Kay Hian	Hotung	1.865	3.38	Buy	PB0.94x
08/17/17	UOB Kay Hian	Hotung	2.1	2.93	Buy

Hotel Properties - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/29/16	OCBC	Hotel Properties	3.5	5.32	Buy
03/07/16	OCBC	Hotel Properties	3.55	4.83	Buy
05/17/16	OCBC	Hotel Properties	3.47	4.83	Buy
08/12/16	OCBC	Hotel Properties	3.5	4.83	Buy
02/28/17	OCBC	Hotel Properties	3.76	4.83	Buy
08/16/17	OCBC	Hotel Properties	3.87	4.83	Buy

HongKong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/26/16	Credit Suisse	Hongkong Land	5.95	7.9	Outperform
01/26/16	Deutsche	Hongkong Land	5.95	7.2	Hold
03/04/16	Lim & Tan	Hongkong Land	6.02	0	Buy
03/07/16	Credit Suisse	Hongkong Land	6.14	7.5	Outperform
03/07/16	DBS Vickers	Hongkong Land	6.14	8.16	Buy
03/07/16	Deutsche	Hongkong Land	6.14	4.86	Sell	RNAV (38% discount), PER14x FY16
08/01/16	Credit Suisse	Hongkong Land	6.4	7.2	Neutral
08/01/16	DBS Vickers	Hongkong Land	6.4	7.87	Buy
08/01/16	Deutsche	Hongkong Land	6.4	5.76	Sell
11/11/16	DBS Vickers	Hongkong Land	6.63	7.76	Buy
12/07/16	Deutsche	Hongkong Land	6.4	5.76	Sell
03/03/17	CIMB	Hongkong Land	7.02	7.8	Add	RNAV (40% discount)
03/03/17	DBS Vickers	Hongkong Land	7.02	7.8	Buy	RNAV (35% discount)
03/03/17	Lim & Tan	Hongkong Land	7.02	0	Buy
03/06/17	Credit Suisse	Hongkong Land	6.84	7.2	Neutral
03/06/17	DBS Vickers	Hongkong Land	6.84	7.9	Buy
04/04/17	CIMB	Hongkong Land	7.72	8.5	Add	RNAV (35% discount)
05/04/17	DBS Vickers	Hongkong Land	7.75	8.51	Buy	RNAV (30% discount)
06/13/17	Lim & Tan	Hongkong Land	7.76	0	Buy
08/03/17	DBS Vickers	Hongkong Land	7.54	8.93	Buy	RNAV (30% discount)
08/04/17	CIMB	Hongkong Land	7.59	9.1	Add	RNAV (35% discount)
08/07/17	DIR	Hongkong Land	7.8	9.3	Buy	RNAV (30% discount), Up from $8.70
11/10/17	DBS Vickers	Hongkong Land	7.32	8.93	Buy	RNAV (30% discount)
12/20/17	CIMB	Hongkong Land	7.16	9.1	Add

Stock calls for 8 January 2018

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/18	DBS Vickers	Capitaland	3.65	4.35	Buy	RNAV (10% discount)
01/08/18	CIMB	Capitaland	3.65	4.25	Add	RNAV (20% discount)
01/08/18	UOB Kay Hian	Capitaland	3.65	4.3	Buy	RNAV (15% discount)
01/08/18	DMG & Partners	Capitaland	3.65	4.2	Buy	RNAV (15% discount)
01/08/18	DMG & Partners	DBS	26.32	23.33	Neutral
01/08/18	CIMB	HMI	0.665	0.83	Add	DCF
01/08/18	CIMB	Q & M	0.65	0.61	Reduce	PER28x CY19
01/08/18	CIMB	Raffles Medical	1.12	1.24	Add	Sum of parts
01/08/18	CIMB	SPH Reit	1.07	1.06	Hold	DDM
01/08/18	Lim & Tan	SPH Reit	1.07	0	Hold
01/08/18	OCBC	SPH Reit	1.07	1.08	Hold
01/08/18	CIMB	Talkmed	0.69	0.68	Hold	DCF
01/08/18	DMG & Partners	UOB	26.91	28.88	Buy

OMG! My friend's car was shot in Manila today!

I didn't take this picture from the internet.  This is my friend's car with a bullet hole.

My friend's car was shot while she was driving out for lunch in Manila.  Fortunately, nobody was killed or hit by the bullet.  Manila is really a dangerous place.  Therefore, please be careful when you want to go to Manila for business or leisure.

Let this picture be a warning to all.

Many US retailers are closing down due to good economic growth! Does this make sense?

http://clark.com/shopping-retail/major-retailers-closing-2017/

More than 5,000 USA retail stores closed down in 2017 and more than 1,000 reported that they would close down in 2018.  The retail store closures will definitely be in thousands in 2018.

If the USA economy is growing well and yet the retail stores are closing down in droves, this can only mean 2 things. Either the government is fudging the numbers or there is a structural change in the consumer shopping habit.

Could this be the so-called Amazon effect that revolutionized the shopping trend in the USA?

We'll let you ponder over this.  Good economic growth but more retail store closures is definitely an uncanny phenomenon.

China is cracking down on cryptocurrencies and bitcoin miners are fleeing.

https://finance.yahoo.com/news/bitcoin-miners-reportedly-fleeing-china-190445805.html

This is not surprising if you understand how China works.

The bitcoin fanatics are just in denial that the bitcoin ban in China is just temporary and bitcoin trading will resume in China soon.  However, we've stated in our previous post that this is impossible.

https://sg-stock.blogspot.sg/2017/10/bitcoin-soars-to-all-time-high.html

If the bitcoin trading ban is just temporary in China, the bitcoin miners won't flee and forsake their set up costs.

Baltic dry index - 1371

Today, Friday, January 05 2017, the Baltic Dry Index climbed by 30 points, reaching 1371 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 Stocks: Sembcorp Marine, Cosco & Pan Ocean