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Wednesday, April 11, 2018

Accordia Gold Trust - Stock calls


Date Analyst Company Last Target Call Valuation
02/17/17 Amfrasers Accordia Golf Trust 0.73 0.8 Buy DDM
04/06/17 CIMB Accordia Golf Trust 0.73 0.83 Not Rated Bloomberg consensus
04/12/17 DIR Accordia Golf Trust 0.73 0.85 Buy DDM
04/17/17 Amfrasers Accordia Golf Trust 0.735 0.8 Buy
05/29/17 DIR Accordia Golf Trust 0.745 0.82 Outperform
05/30/17 Amfrasers Accordia Golf Trust 0.745 0.8 Buy
08/17/17 Amfrasers Accordia Golf Trust 0.715 0.8 Buy
11/21/17 Amfrasers Accordia Golf Trust 0.7 0.78 Buy

Ascendas Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 UOB Kay Hian A-Reit 2.27 2.71 Buy DDM
01/05/17 Credit Suisse A-Reit 2.31 2.63 Outperform
01/06/17 DMG & Partners A-Reit 2.33 2.65 Buy DDM
01/06/17 OCBC A-Reit 2.33 2.72 Buy
01/09/17 DBS Vickers A-Reit 2.38 2.65 Buy DCF
01/25/17 Deutsche A-Reit 2.4 2.55 Hold
01/25/17 OCBC A-Reit 2.4 2.68 Buy
01/26/17 CIMB A-Reit 2.4 2.31 Hold DDM
01/26/17 DIR A-Reit 2.4 2.38 Hold DDM
02/09/17 Credit Suisse A-Reit 2.42 2.63 Outperform
02/17/17 JP Morgan A-Reit 2.47 2.65 Overweight
02/28/17 Deutsche A-Reit 2.48 2.55 Hold
03/02/17 UOB Kay Hian A-Reit 2.49 2.71 Buy
03/06/17 OCBC A-Reit 2.49 2.68 Buy
03/10/17 DMG & Partners A-Reit 2.45 2.65 Buy
03/13/17 Credit Suisse A-Reit 2.47 2.63 Outperform
03/17/17 DBS Vickers A-Reit 2.5 2.65 Buy
03/20/17 DIR A-Reit 2.5 2.44 Hold DDM
04/07/17 DMG & Partners A-Reit 2.53 2.65 Buy
04/11/17 UOB Kay Hian A-Reit 2.52 2.71 Buy
04/18/17 DIR A-Reit 2.52 2.44 Hold
04/18/17 Kim Eng A-Reit 2.52 2.85 Buy DDM
04/26/17 CIMB A-Reit 2.55 2.59 Hold DDM
04/26/17 DBS Vickers A-Reit 2.55 2.65 Buy DCF
04/26/17 DIR A-Reit 2.55 2.45 Hold DDM
04/26/17 DMG & Partners A-Reit 2.55 2.73 Buy DDM
04/26/17 OCBC A-Reit 2.55 2.66 Buy
04/26/17 UOB Kay Hian A-Reit 2.55 2.75 Buy
05/02/17 Kim Eng A-Reit 2.56 2.85 Buy
05/17/17 Deutsche A-Reit 2.6 2.6 Hold
05/17/17 UOB Kay Hian A-Reit 2.6 2.75 Buy
05/18/17 DBS Vickers A-Reit 2.58 2.65 Buy
05/25/17 UOB Kay Hian A-Reit 2.62 2.97 Buy
06/01/17 DMG & Partners A-Reit 2.62 2.73 Buy DDM
06/02/17 OCBC A-Reit 2.64 2.66 Buy
06/08/17 Lim & Tan A-Reit 2.67 0 Buy on weakness
06/12/17 Kim Eng A-Reit 2.7 2.9 Buy` DDM
06/21/17 Credit Suisse A-Reit 2.72 2.62 Neutral
06/22/17 Deutsche A-Reit 2.66 2.6 Hold
06/28/17 DIR A-Reit 2.66 2.45 Underperform DDM
07/03/17 Kim Eng A-Reit 2.61 2.9 Buy DDM
07/12/17 DMG & Partners A-Reit 2.58 2.73 Buy
07/14/17 Phillip A-Reit 2.59 2.86 Accumulate DDM, PB1.35x FY18
07/25/17 UOB Kay Hian A-Reit 2.7 2.97 Buy DDM
07/26/17 DBS Vickers A-Reit 2.72 2.78 Buy DCF
07/28/17 DIR A-Reit 2.72 2.45 Underperform DDM
07/28/17 Credit Suisse A-Reit 2.72 2.62 Neutral
07/28/17 DMG & Partners A-Reit 2.72 2.9 Buy DDM
07/28/17 OCBC A-Reit 2.72 2.66 Hold
07/28/17 CIMB A-Reit 2.72 2.71 Hold DDM
07/31/17 UOB Kay Hian A-Reit 2.71 2.75 Buy
07/31/17 DBS Vickers A-Reit 2.71 2.85 Buy DCF
08/03/17 Kim Eng A-Reit 2.68 2.9 Buy
08/14/17 OCBC A-Reit 2.66 2.66 Hold
08/17/17 UOB Kay Hian A-Reit 2.67 2.97 Buy
08/22/17 Phillip A-Reit 2.65 2.86 Accumulate
08/28/17 DBS Vickers A-Reit 2.61 2.85 Buy
09/04/17 CIMB A-Reit 2.66 2.71 Hold
09/21/17 DMG & Partners A-Reit 2.7 2.9 Buy DDM
09/26/17 OCBC A-Reit 2.68 2.66 Hold
09/26/17 Kim Eng A-Reit 2.68 2.9 Buy
10/09/17 Phillip A-Reit 2.69 2.86 Accumulate DDM, PB1.35x FY18
10/23/17 UOB Kay Hian A-Reit 2.72 2.97 Buy DDM
10/25/17 Kim Eng A-Reit 2.75 2.9 Buy
10/31/17 DMG & Partners A-Reit 2.71 2.9 Buy DDM
10/31/17 OCBC A-Reit 2.71 2.67 Hold
10/31/17 CIMB A-Reit 2.71 2.72 Hold DDM
11/01/17 DBS Vickers A-Reit 2.74 2.85 Buy
11/09/17 UOB Kay Hian A-Reit 2.66 2.97 Buy
11/28/17 Kim Eng A-Reit 2.63 3 Buy
12/01/17 UOB Kay Hian A-Reit 2.64 3.05 Buy
12/18/17 DBS Vickers A-Reit 2.68 2.85 Buy
12/19/17 DMG & Partners A-Reit 2.69 2.9 Buy
12/20/17 CIMB A-Reit 2.69 2.72 Hold
01/04/18 Deutsche A-Reit 2.74 2.75 Hold
01/05/18 DMG & Partners A-Reit 2.79 2.9 Buy DDM
01/19/18 UOB Kay Hian A-Reit 2.77 3.05 Buy
01/19/18 Kim Eng A-Reit 2.77 3 Buy
01/26/18 Phillip A-Reit 2.75 2.89 Accumulate DDM, PB1.36x FY18
01/26/18 OCBC A-Reit 2.75 2.69 Hold
01/26/18 DBS Vickers A-Reit 2.75 2.85 Buy
01/26/18 CIMB A-Reit 2.75 2.88 Add
02/12/18 Phillip A-Reit 2.57 2.87 Accumulate
02/13/18 UOB Kay Hian A-Reit 2.58 3.05 Buy
02/20/18 DMG & Partners A-Reit 2.62 2.9 Buy
02/20/18 DBS Vickers A-Reit 2.62 2.85 Buy
03/05/18 UOB Kay Hian A-Reit 2.61 3.05 Buy
03/06/18 UOB Kay Hian A-Reit 2.58 2.76 Buy
03/19/18 DBS Vickers A-Reit 2.66 2.85 Buy
03/27/18 Phillip A-Reit 2.6 2.89 Accumulate

Stock calls for 11 April 2018


Date Analyst Company Last Target Call Valuation
04/11/18 Kim Eng Bukit Sembawang 6.08 8.55 Buy
04/11/18 Kim Eng Capitaland 3.63 4.1 Buy
04/11/18 Kim Eng City Developments 12.73 14.2 Buy
04/11/18 Kim Eng Ho Bee 2.54 3.15 Buy
04/11/18 OCBC Keppel Corp 7.81 9.45 Buy Sum of parts
04/11/18 DBS Vickers M1 1.72 1.76 Hold DCF
04/11/18 OCBC Sembcorp Marine 2.23 2.07 Hold
04/11/18 DMG & Partners Sheng Siong 0.97 1.11 Buy DCF & PER21x
04/11/18 UOB Kay Hian SPH 2.49 2.41 Hold Sum of parts, Buy @ $2.30
04/11/18 Lim & Tan SPH 2.49 0 Hold
04/11/18 Kim Eng UOL 8.64 10.4 Buy

Tuesday, April 10, 2018

8Telecom - Stock calls


Date Analyst Company Last Target Call Valuation
02/21/17 NRA 8Telecom 0.139 0 Not Rated Fair value $0.181-$0.298

800 Super - Stock calls


Date Analyst Company Last Target Call Valuation
02/13/17 Phillip 800Super 1.09 1.42 Buy DCF, PER15.4x FY17
05/15/17 Phillip 800Super 1.375 1.57 Accumulate DCF, PER15.5x FY17
08/25/17 Phillip 800Super 1.18 1.53 Buy DCF, PER16.9x FY18
10/05/17 Phillip 800Super 1.205 1.53 Buy DCF, PER16.9x FY18
11/13/17 Phillip 800Super 1.175 1.43 Buy DCF, PER15.9x FY18
01/16/18 Phillip 800Super 1.25 1.4 Accumulate DCF, PER16.3x FY18
02/12/18 Phillip 800Super 1.14 1.35 Accumulate DCF, PER17.8x FY18

Yuuzoo - Stock calls


Date Analyst Company Last Target Call Valuation
07/06/17 Lim & Tan Yuuzoo 0.077 0 Sell/Avoid Fraud alert
08/16/17 Lim & Tan Yuuzoo 0.055 0 Sell
12/22/17 Lim & Tan Yuuzoo 0.048 0 Sell
03/20/18 Lim & Tan Yuuzoo 0.038 0 Sell/Avoid

Stock calls for 10 April 2018


Date Analyst Company Last Target Call Valuation
04/10/18 DMG & Partners APAC Realty 1.17 1.35 Buy
04/10/18 DMG & Partners Capitaland 3.61 4.2 Buy
04/10/18 Lim & Tan Capitaland 3.61 0 Buy
04/10/18 CIMB CDL Hospitality 1.72 1.92 Add
04/10/18 DMG & Partners City Developments 12.87 15 Buy
04/10/18 DBS Vickers Cromwell Reit (EUR) 0.59 0.63 Buy DCF
04/10/18 DBS Vickers Ezion 0.197 0.29 Buy PB1.4x FY18
04/10/18 CIMB Far East Hospitality 0.68 0.79 Add
04/10/18 Kim Eng Genting 1.14 1.46 Buy EV/Ebitda 12x FY18
04/10/18 CIMB OUE Hospitality 0.825 0.92 Add
04/10/18 NRA Regal 0.13 0.3 Overweight
04/10/18 OCBC Starhub 2.28 2.2 Hold
04/10/18 UOB Kay Hian Starhub 2.28 2.25 Sell
04/10/18 CIMB Yongnam 0.29 0.57 Add PB0.8x FY19

Monday, April 9, 2018

Y Venture - Stock calls


08/22/17 UOB Kay Hian Y Venture 0.196 0.28 Buy
01/29/18 Phillip Y Venture 0.44 0.7 Buy PER30x FY18
03/05/18 Phillip Y Venture 0.68 0.7 Neutral PER30x FY18
03/05/18 UOB Kay Hian Y Venture 0.68 0.8 Buy Up from $0.65
03/28/18 DBS Vickers Y Venture 0.535 0.77 Buy EV/Ebitda20x FY19
04/09/18 UOB Kay Hian Y Venture 0.53 0.8 Buy PEG0.86x, Price-To-Sales2.6x FY19

Yongnam - Stock calls


Date Analyst Company Last Target Call Valuation
10/26/17 CIMB Yongnam 0.305 0.53 Add PB0.8x FY18
12/20/17 CIMB Yongnam 0.325 0.53 Add
01/05/18 CIMB Yongnam 0.335 0.53 Add PB0.8x FY18
02/02/18 CIMB Yongnam 0.35 0.53 Add PB0.8x FY18
03/02/18 CIMB Yongnam 0.3 0.57 Add PB0.8x FY19

Yoma - Stock calls


Date Analyst Company Last Target Call Valuation
01/29/16 CIMB Yoma 0.43 0.45 Hold RNAV (40% discount)
01/29/16 DBS Vickers Yoma 0.43 0.78 Buy
05/18/16 CIMB Yoma 0.515 0.45 Hold
05/20/16 CIMB Yoma 0.515 0.45 Reduce RNAV (40% discount)
05/20/16 DBS Vickers Yoma 0.515 0.78 Buy Sum of parts
05/20/16 OCBC Yoma 0.515 0.49 Hold
05/31/16 DMG & Partners Yoma 0.51 0.78 Buy
07/27/16 DBS Vickers Yoma 0.6 0.8 Buy Sum of parts
07/28/16 CIMB Yoma 0.6 0.4 Reduce RNAV (40% discount)
09/09/16 OCBC Yoma 0.6 0.54 Hold
10/26/16 OCBC Yoma 0.6 0.54 Hold
11/08/16 OCBC Yoma 0.6 0.54 Hold
11/10/16 DBS Vickers Yoma 0.585 0.8 Buy
11/11/16 DMG & Partners Yoma 0.585 0.78 Buy Sum of parts (10% discount)
11/17/16 DIR Yoma 0.52 0.73 Buy Sum of parts (30% discount)
12/14/16 DIR Yoma 0.59 0.73 Buy Sum of parts (30% discount)
01/03/17 DMG & Partners Yoma 0.585 0.75 Buy Sum of parts (10% discount)
02/13/17 DBS Vickers Yoma 0.58 0.8 Buy
03/28/17 DMG & Partners Yoma 0.62 0.78 Buy Sum of parts (10% discount)
04/11/17 DIR Yoma 0.63 0.66 Hold Sum of parts (30% discount)
05/24/17 OCBC Yoma 0.575 0.54 Hold
05/25/17 DBS Vickers Yoma 0.575 0.8 Buy
05/25/17 DIR Yoma 0.575 0.62 Hold Sum of parts (30% discount)
06/06/17 DMG & Partners Yoma 0.59 0.78 Buy Sum of parts (10% discount)
07/05/17 OCBC Yoma 0.585 0.54 Hold
07/27/17 OCBC Yoma 0.61 0.58 Hold
07/27/17 DMG & Partners Yoma 0.61 0.78 Buy Sum of parts (10% discount)
08/21/17 OCBC Yoma 0.565 0.58 Hold
09/15/17 OCBC Yoma 0.58 0.58 Hold
10/11/17 OCBC Yoma 0.6 0.58 Hold
10/30/17 DBS Vickers Yoma 0.59 0.75 Buy Sum of parts (30% discount)
11/06/17 OCBC Yoma 0.585 0.55 Hold
12/15/17 DBS Vickers Yoma 0.54 0.75 Buy
01/02/18 OCBC Yoma 0.54 0.55 Hold
02/07/18 OCBC Yoma 0.48 0.55 Buy
03/07/18 OCBC Yoma 0.42 0.51 Buy Sum of parts
03/07/18 DBS Vickers Yoma 0.42 0.75 Buy

Yanlord - Stock calls


Date Analyst Company Last Target Call Valuation
01/26/16 Deutsche Yanlord 0.995 0.8 Sell
03/03/16 DBS Vickers Yanlord 1.095 1.35 Buy
08/15/16 DBS Vickers Yanlord 1.24 1.46 Buy PER8.9x FY17
11/17/16 DBS Vickers Yanlord 1.31 1.46 Buy
03/02/17 DBS Vickers Yanlord 1.5 2.21 Buy PER8.9x FY17
05/17/17 DBS Vickers Yanlord 1.895 2.25 Buy PER8.3x FY17
05/18/17 Macquarie Yanlord 1.88 0 Outperform
11/15/17 DBS Vickers Yanlord 1.74 2.25 Buy PER7.1x FY18
01/03/18 Citibank Yanlord 1.72 1.75 Neutral RNAV (50% discount)

Stock calls for 9 April 2018


Date Analyst Company Last Target Call Valuation
04/09/18 DMG & Partners Moya Asia 0.099 0.15 Buy DCF
04/09/18 CIMB SPH Reit 1 1.06 Hold DDM
04/09/18 OCBC SPH Reit 1 1.02 Hold DDM
04/09/18 DBS Vickers SPH Reit 1 1.07 Buy DCF
04/09/18 Lim & Tan SPH Reit 1 1.06 Hold
04/09/18 Kim Eng SPH Reit 1 1 Hold
04/09/18 UOB Kay Hian Y Venture 0.53 0.8 Buy PEG0.86x, Price-To-Sales2.6x FY19

UK couldn't determine the nerve agent source for the ex-russian spy attack.

http://www.scmp.com/news/world/europe/article/2140173/uk-lab-says-cannot-determine-nerve-agent-used-poison-spy-was

After a big hoo-ha, the UK had come forth to admit that it couldn't determine the source of the nerve agent.  Previously, the UK pinpointed that the nerve agent came from Russia and Russia was behind the attack.  It had backtracked on that statement after expelling Russia diplomats.

The UK is becoming more and more like the USA now.

Saturday, April 7, 2018

Baltic dry index - 948

Today, Friday, April 06 2018, the Baltic Dry Index decreased by 5 points, reaching 948 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.

US rig count - 1003

HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. increased by 10 this week to 1,003.
At this time a year ago there were 839 active rigs.
Houston oilfield services company Baker Hughes reported Friday that 808 rigs drilled for oil this week and 194 for gas. One was listed as miscellaneous.
Among major oil- and gas-producing states, Oklahoma added five rigs. New Mexico tacked on three, while Kansas and Texas each gained two. North Dakota, Ohio, Utah and West Virginia increased by one each.
Louisiana lost two rigs, while Alaska, Colorado, Pennsylvania and Wyoming dropped one each.
Arkansas and California were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

Friday, April 6, 2018

Yangzijiang - Stock calls


Date Analyst Company Last Target Call Valuation
01/14/16 Nomura Yangzijiang 0.975 1.5 Buy
01/14/16 UOB Kay Hian Yangzijiang 0.975 1.43 Hold
01/26/16 Deutsche Yangzijiang 0.925 1.65 Buy
02/04/16 Credit Suisse Yangzijiang 0.905 1.3 Neutral
02/29/16 CIMB Yangzijiang 0.94 1.1 Add PB0.85x
02/29/16 Credit Suisse Yangzijiang 0.94 1 Neutral PB0.8x
02/29/16 DBS Vickers Yangzijiang 0.94 1.25 Buy Sum of parts, PER9x, PB1x
02/29/16 OCBC Yangzijiang 0.94 1.06 Buy Sum of parts
03/01/16 Nomura Yangzijiang 0.905 1.5 Buy
03/01/16 UOB Kay Hian Yangzijiang 0.905 1.43 Buy
03/07/16 DMG & Partners Yangzijiang 0.955 1.3 Buy Sum of parts, PER8.9x FY16, PB1x FY16
04/13/16 CIMB Yangzijiang 0.95 1.1 Add PB0.85x
04/20/16 DBS Vickers Yangzijiang 1.01 1.25 Buy
04/25/16 Credit Suisse Yangzijiang 1.02 1 Neutral
05/03/16 DBS Vickers Yangzijiang 0.99 1.25 Buy
05/03/16 OCBC Yangzijiang 0.99 1.04 Hold Sum of parts
06/09/16 CIMB Yangzijiang 0.925 1.1 Add
06/09/16 DIR Yangzijiang 0.925 0.85 Underperform PER6.9x FY16, Cut from $0.88
07/14/16 Credit Suisse Yangzijiang 0.91 1 Neutral
08/08/16 CIMB Yangzijiang 0.87 1.04 Add PB0.8x CY16
08/08/16 Credit Suisse Yangzijiang 0.87 1 Neutral
08/08/16 OCBC Yangzijiang 0.87 0.87 Hold Sum of parts
08/08/16 UOB Kay Hian Yangzijiang 0.87 0.74 Sell PB0.6x
08/10/16 DBS Vickers Yangzijiang 0.82 1 Buy Sum of parts, PB0.9x FY16
09/08/16 OCBC Yangzijiang 0.77 0.81 Hold
11/10/16 CIMB Yangzijiang 0.805 0.91 Add PB0.75x CY17
11/10/16 OCBC Yangzijiang 0.805 0.81 Hold PER7x
11/10/16 UOB Kay Hian Yangzijiang 0.805 0.74 Hold PB0.6x FY17, Buy @ $0.72
11/11/16 DBS Vickers Yangzijiang 0.82 0.95 Buy Sum of parts
03/02/17 DBS Vickers Yangzijiang 0.98 1.12 Buy Sum of parts
03/02/17 DIR Yangzijiang 0.98 0.82 Underperform PER7.4x FY17
03/02/17 OCBC Yangzijiang 0.98 0.96 Hold PER8x
03/15/17 CIMB Yangzijiang 1.105 1.21 Add Sum of parts
04/03/17 CIMB Yangzijiang 1.13 1.21 Add Sum of parts
04/12/17 Credit Suisse Yangzijiang 1.155 1 Neutral
04/28/17 Credit Suisse Yangzijiang 1.16 1.1 Neutral
04/28/17 OCBC Yangzijiang 1.16 0.96 Hold
05/02/17 CIMB Yangzijiang 1.15 1.25 Buy Sum of parts
05/02/17 DBS Vickers Yangzijiang 1.15 1.35 Buy Sum of parts
05/02/17 OCBC Yangzijiang 1.15 1.18 Hold Sum of parts
06/08/17 CLSA Yangzijiang 1.235 0.9 Sell
07/06/17 OCBC Yangzijiang 1.225 1.18 Hold
07/18/17 Credit Suisse Yangzijiang 1.34 1.1 Neutral
07/21/17 DBS Vickers Yangzijiang 1.35 1.35 Buy
08/10/17 UOB Kay Hian Yangzijiang 1.555 1.42 Hold PB1.1x, Buy @ $1.14
08/10/17 CIMB Yangzijiang 1.555 1.66 Add Sum of parts, PB1x
08/10/17 Credit Suisse Yangzijiang 1.555 1.5 Neutral Sum of parts
08/10/17 OCBC Yangzijiang 1.555 1.58 Hold Buy @ $1.48
08/11/17 DBS Vickers Yangzijiang 1.595 1.7 Buy Sum of parts, PB1.3x
08/25/17 DIR Yangzijiang 1.565 1.24 Sell PER10x FY17/18
09/04/17 CIMB Yangzijiang 1.495 1.66 Add Sum of parts
09/04/17 DBS Vickers Yangzijiang 1.495 1.7 Buy Sum of parts, PB1.3x
09/06/17 Credit Suisse Yangzijiang 1.415 1.5 Neutral
09/25/17 OCBC Yangzijiang 1.41 1.48 Hold
10/09/17 DBS Vickers Yangzijiang 1.49 1.7 Buy
10/26/17 Credit Suisse Yangzijiang 1.53 1.5 Neutral
11/13/17 OCBC Yangzijiang 1.64 1.63 Hold
11/13/17 CIMB Yangzijiang 1.64 1.8 Add Sum of parts
11/14/17 DBS Vickers Yangzijiang 1.67 1.82 Buy Sum of parts, PB1.3x
12/20/17 CIMB Yangzijiang 1.49 1.8 Add
03/02/18 OCBC Yangzijiang 1.45 1.49 Hold Sum of parts
03/02/18 CIMB Yangzijiang 1.45 1.51 Hold Sum of parts
03/05/18 DBS Vickers Yangzijiang 1.41 1.82 Buy Sum of parts, PB1.3x
03/16/18 OCBC Yangzijiang 1.3 1.34 Hold Sum of parts