Pacific Radiance - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
02/28/17	Amfrasers	T8V	Pacific Radiance	0.153	0.17	Hold	11.11
03/01/17	DBS Vickers	T8V	Pacific Radiance	0.153	0.16	Hold	4.58	PB0.35x FY17
05/18/17	DBS Vickers	T8V	Pacific Radiance	0.12	0.1	Fully Valued	-16.67	PB0.2x FY17
05/19/17	CIMB	T8V	Pacific Radiance	0.115	0.11	Reduce	-4.35	PB0.22x FY17
08/15/17	CIMB	T8V	Pacific Radiance	0.085	0.073	Reduce	-14.12	PB0.15x
08/15/17	DBS Vickers	T8V	Pacific Radiance	0.085	0.07	Fully Valued	-17.65	PB0.15x FY17
01/12/18	CIMB	T8V	Pacific Radiance	0.108	0.07	Reduce	-35.19

Stock calls for 12 July 2018

Date	Analyst	Company	Last	Target	Call	Valuation
07/12/18	OCBC	DBS	26.01	32.67	Buy	PB1.7x
07/12/18	NRA	Oxley	0.36	0.435	Overweight
07/12/18	DBS Vickers	SPH	2.75	2.58	Hold	Sum of parts
07/12/18	UOB Kay Hian	SPH	2.75	2.58	Hold	Sum of parts, Buy @ $2.40
07/12/18	Lim & Tan	SPH	2.75	0	Hold
07/12/18	DMG & Partners	Thai Beverage	0.725	1.02	Buy	Sum of parts
07/12/18	CIMB	Venture	16.67	17.83	Hold	PER12.3x
07/11/18	UOB Kay Hian	Asian Healthcare	0.24	0.33	Buy	PER19.4x FY19
07/11/18	Kim Eng	Bumitama	0.65	0.98	Buy
07/11/18	Kim Eng	First Resources	1.55	2	Buy
07/11/18	DBS Vickers	Frasers Commercial Trust	1.39	1.65	Buy
07/11/18	OCBC	Golden Agri	0.29	0.3	Hold	PER17x FY19
07/11/18	CIMB	Keppel Corp	6.77	8.81	Add	Sum of parts
07/11/18	CIMB	Sembcorp Industries	2.67	3.49	Add
07/11/18	CIMB	Sembcorp Marine	1.97	2.52	Add	PB2.2x CY18
07/11/18	CIMB	SPH Reit	1	1.07	Hold	DDM
07/11/18	OCBC	SPH Reit	1	1.02	Hold
07/11/18	Lim & Tan	SPH Reit	1	0	Hold
07/11/18	Kim Eng	Top Glove	3.4	4.36	Hold	Ringgit target $12.90, PER30x FY19
07/11/18	CIMB	Yangzijiang	0.91	1.27	Add	Sum of parts

PACC Offshore - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/13/17	DBS Vickers	PACC Offshore	0.335	0.41	Buy
02/22/17	DBS Vickers	PACC Offshore	0.365	0.42	Buy	PB0.8x
02/22/17	OCBC	PACC Offshore	0.365	0.33	Sell	PB0.7x
04/10/17	DBS Vickers	PACC Offshore	0.34	0.42	Buy
04/12/17	OCBC	PACC Offshore	0.35	0.335	Hold	PB0.7x
05/08/17	DBS Vickers	PACC Offshore	0.32	0.41	Buy	PB0.8x
05/09/17	OCBC	PACC Offshore	0.325	0.335	Hold	PB0.7x FY17/18
05/31/17	OCBC	PACC Offshore	0.305	0.325	Hold
08/02/17	DBS Vickers	PACC Offshore	0.285	0.41	Buy	PB0.8x
11/14/17	DBS Vickers	PACC Offshore	0.345	0.41	Buy	PB0.8x
01/23/18	DBS Vickers	PACC Offshore	0.43	0.51	Buy	PB1x
02/13/18	DBS Vickers	PACC Offshore	0.37	0.51	Buy
02/22/18	DBS Vickers	PACC Offshore	0.39	0.48	Buy	PB1.4x
04/04/18	DBS Vickers	PACC Offshore	0.35	0.32	Hold	PB1x
05/10/18	DBS Vickers	PACC Offshore	0.345	0.32	Hold	PB1x FY18

Oxley - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	Oxley	0.43	0.85	Buy
10/03/17	UOB Kay Hian	Oxley	0.56	0.67	Buy	RNAV (20% discount)
11/22/17	UOB Kay Hian	Oxley	0.655	0.74	Buy	RNAV (20% discount)
12/01/17	UOB Kay Hian	Oxley	0.6	0.74	Buy
03/14/18	UOB Kay Hian	Oxley	0.56	0.74	Buy
04/04/18	Soochow SSD	Oxley	0.495	0.63	Buy	RNAV (20% discount)
04/24/18	DBS Vickers	Oxley	0.485	0.68	Not Rated	RNAV (35% discount)
06/04/18	Kim Eng	Oxley	0.46	0.56	Buy	RNAV (20% discount)
07/09/18	Kim Eng	Oxley	0.345	0.34	Hold

Stock calls for 11 July 2018

Date	Analyst	Company	Last	Target	Call	Valuation
07/11/18	UOB Kay Hian	Asian Healthcare	0.24	0.33	Buy	PER19.4x FY19
07/11/18	Kim Eng	Bumitama	0.65	0.98	Buy
07/11/18	Kim Eng	First Resources	1.55	2	Buy
07/11/18	DBS Vickers	Frasers Commercial Trust	1.39	1.65	Buy
07/11/18	OCBC	Golden Agri	0.29	0.3	Hold	PER17x FY19
07/11/18	CIMB	Keppel Corp	6.77	8.81	Add	Sum of parts
07/11/18	CIMB	Sembcorp Industries	2.67	3.49	Add
07/11/18	CIMB	Sembcorp Marine	1.97	2.52	Add	PB2.2x CY18
07/11/18	CIMB	SPH Reit	1	1.07	Hold	DDM
07/11/18	OCBC	SPH Reit	1	1.02	Hold
07/11/18	Lim & Tan	SPH Reit	1	0	Hold
07/11/18	Kim Eng	Top Glove	3.4	4.36	Hold	Ringgit target $12.90, PER30x FY19
07/11/18	CIMB	Yangzijiang	0.91	1.27	Add	Sum of parts

The US-China trade war is escalating!

https://finance.yahoo.com/news/u-poised-publish-200-billion-205132750.html

The USA has imposed another 200b tariff on China.

Let's see how China will retaliate since it has imported less than 200b worth of USA goods.

OUE Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/17	OCBC	OUE Hospitality	0.685	0.73	Buy
01/09/17	DBS Vickers	OUE Hospitality	0.68	0.72	Buy	DCF
01/26/17	CIMB	OUE Hospitality	0.685	0.71	Add	DDM
01/26/17	DMG & Partners	OUE Hospitality	0.685	0.7	Neutral	DDM
01/26/17	OCBC	OUE Hospitality	0.685	0.75	Buy
01/27/17	DBS Vickers	OUE Hospitality	0.685	0.75	Buy	DCF
01/31/17	Credit Suisse	OUE Hospitality	0.69	0.78	Neutral
02/08/17	OCBC	OUE Hospitality	0.675	0.75	Buy
02/28/17	Deutsche	OUE Hospitality	0.69	0.65	Hold
03/10/17	DMG & Partners	OUE Hospitality	0.675	0.7	Neutral
03/16/17	OCBC	OUE Hospitality	0.68	0.75	Buy
04/03/17	DMG & Partners	OUE Hospitality	0.69	0.76	Buy	DDM
04/17/17	OCBC	OUE Hospitality	0.71	0.75	Buy
05/05/17	DBS Vickers	OUE Hospitality	0.715	0.76	Buy	DCF
05/05/17	DMG & Partners	OUE Hospitality	0.715	0.76	Buy	DDM
05/05/17	OCBC	OUE Hospitality	0.715	0.75	Buy
05/15/17	DMG & Partners	OUE Hospitality	0.705	0.78	Buy	DDM
06/09/17	OCBC	OUE Hospitality	0.72	0.75	Buy
06/22/17	Deutsche	OUE Hospitality	0.725	0.65	Hold
07/04/17	OCBC	OUE Hospitality	0.755	0.75	Buy
07/12/17	DMG & Partners	OUE Hospitality	0.76	0.78	Buy
08/02/17	CIMB	OUE Hospitality	0.76	0.82	Add	DDM
08/02/17	DMG & Partners	OUE Hospitality	0.76	0.83	Buy	DDM
08/02/17	OCBC	OUE Hospitality	0.76	0.82	Buy
08/02/17	Lim & Tan	OUE Hospitality	0.76	0	Hold
08/03/17	DBS Vickers	OUE Hospitality	0.77	0.8	Buy	DCF
09/21/17	DMG & Partners	OUE Hospitality	0.79	0.83	Buy
09/21/17	OCBC	OUE Hospitality	0.79	0.82	Buy
11/02/17	CIMB	OUE Hospitality	0.81	0.84	Add	DDM
11/02/17	Credit Suisse	OUE Hospitality	0.81	0.78	Neutral
11/02/17	OCBC	OUE Hospitality	0.81	0.82	Hold
11/02/17	DBS Vickers	OUE Hospitality	0.81	0.85	Buy	DCF
11/03/17	DMG & Partners	OUE Hospitality	0.815	0.88	Buy	DDM
12/01/17	OCBC	OUE Hospitality	0.815	0.82	Hold
12/06/17	DBS Vickers	OUE Hospitality	0.825	0.85	Buy
12/19/17	DMG & Partners	OUE Hospitality	0.835	0.88	Buy
01/03/18	DMG & Partners	OUE Hospitality	0.855	0.91	Buy	DDM
01/04/18	Deutsche	OUE Hospitality	0.87	0.65	Sell
01/04/18	CIMB	OUE Hospitality	0.87	0.89	Add	DDM
01/05/18	OCBC	OUE Hospitality	0.875	0.83	Hold
01/31/18	DBS Vickers	OUE Hospitality	0.885	0.93	Buy	DCF
01/31/18	Lim & Tan	OUE Hospitality	0.885	0	Hold
02/20/18	DMG & Partners	OUE Hospitality	0.845	0.95	Buy
04/04/18	DMG & Partners	OUE Hospitality	0.795	0.95	Buy
04/10/18	CIMB	OUE Hospitality	0.825	0.92	Add
04/17/18	DBS Vickers	OUE Hospitality	0.815	0.93	Buy
05/03/18	CIMB	OUE Hospitality	0.82	0.92	Add	DDM
05/03/18	DMG & Partners	OUE Hospitality	0.82	0.95	Buy	DDM
05/03/18	OCBC	OUE Hospitality	0.82	0.84	Hold	Buy @ $0.78 or lower
07/06/18	DBS Vickers	OUE Hospitality	0.765	0.93	Buy

OUE Commercial - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/17	DBS Vickers	OUE Commercial	0.695	0.74	Hold	DCF
01/27/17	OCBC	OUE Commercial	0.7	0.65	Hold
03/10/17	OCBC	OUE Commercial	0.685	0.65	Hold
05/08/17	DBS Vickers	OUE Commercial	0.7	0.67	Hold	DCF
05/08/17	OCBC	OUE Commercial	0.7	0.65	Hold
05/08/17	CIMB	OUE Commercial	0.7	0.71	Hold
08/03/17	OCBC	OUE Commercial	0.73	0.68	Hold	DDM
08/04/17	CIMB	OUE Commercial	0.725	0.68	Hold	DDM
08/04/17	DBS Vickers	OUE Commercial	0.725	0.69	Hold
10/04/17	OCBC	OUE Commercial	0.715	0.67	Hold
11/03/17	OCBC	OUE Commercial	0.72	0.67	Hold
11/03/17	CIMB	OUE Commercial	0.72	0.68	Hold	DDM
11/10/17	DBS Vickers	OUE Commercial	0.71	0.73	Hold	DCF
12/05/17	OCBC	OUE Commercial	0.71	0.67	Hold
01/09/18	OCBC	OUE Commercial	0.75	0.67	Hold
02/01/18	CIMB	OUE Commercial	0.75	0.75	Hold	DDM
02/01/18	OCBC	OUE Commercial	0.75	0.69	Hold
02/05/18	DBS Vickers	OUE Commercial	0.755	0.73	Hold	DCF
03/19/18	DBS Vickers	OUE Commercial	0.715	0.73	Hold
03/23/18	CIMB	OUE Commercial	0.72	0.75	Hold	DDM
05/11/18	OCBC	OUE Commercial	0.72	0.68	Hold

Stock calls for 10 July 2018

Date	Analyst	Company	Last	Target	Call	Valuation
07/10/18	phillip	Comfortdelgro	2.32	2.69	Accumulate
07/10/18	OCBC	Far East Hospitality	0.62	0.735	Buy

China is targeting US fiber optics now.

https://finance.yahoo.com/news/china-raises-tariff-rates-u-085246199.html

China is upping its ante against the USA.

Although China has fewer products to target than the USA, it is still able to pull some heavy punches to cause Trump to relent.

The USA has relented in the US-China trade war.

https://sputniknews.com/us/201807071066122637-usa-china-tariffs-guidance-business/

The USA has proposed a tariff waiver for China products for detente.

We knew that the USA would blink first because we expected the USA to lose in this trade war as stated previously in our postings.

http://sg-stock.blogspot.com/2018/06/trump-is-losing-us-china-trade-war.html

OUE - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/17	DIR	OUE	1.95	3.05	Buy	Sum of parts
02/20/17	OCBC	OUE	1.95	2.17	Buy
04/12/17	Deutsche	OUE	2.06	2.2	Buy
04/12/17	OCBC	OUE	2.06	2.17	Buy
05/12/17	Deutsche	OUE	2	3	Buy
05/12/17	DIR	OUE	2	3	Buy	Sum of parts
06/22/17	Deutsche	OUE	1.985	3	Buy
10/20/17	Deutsche	OUE	2.02	3	Buy
11/07/17	OCBC	OUE	2.02	2.47	Buy
02/26/18	OCBC	OUE	1.93	2.28	Buy
05/14/18	OCBC	OUE	1.81	2.25	Buy

Old Chang Kee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/17	phillip	Old Chang Kee	0.835	0.98	Buy	DCF
04/17/17	phillip	Old Chang Kee	0.85	0.98	Buy
06/05/17	phillip	Old Chang Kee	0.83	0.98	Buy	DCF
08/17/17	phillip	Old Chang Kee	0.765	0.98	Buy	DCF
11/14/17	phillip	Old Chang Kee	0.75	0.98	Buy	DCF
12/04/17	phillip	Old Chang Kee	0.76	0.98	Buy	DCF
02/15/18	phillip	Old Chang Kee	0.745	0.98	Buy	DCF
03/19/18	phillip	Old Chang Kee	0.76	0.98	Buy
04/16/18	phillip	Old Chang Kee	0.775	0.98	Buy
05/31/18	phillip	Old Chang Kee	0.755	0.98	Buy	DCF, PER22.6x FY19

Olam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/17	DBS Vickers	Olam	2.05	2.12	Hold	DCF & PER16.4x
05/16/17	DBS Vickers	Olam	1.99	2.15	Hold	DCF & PER16.3x
03/01/18	DBS Vickers	Olam	2.25	2.31	Hold	DCF & PER16.1x
04/03/18	DBS Vickers	Olam	2.32	2.31	Hold

Stock calls for 9 July 2018

Date	Analyst	Company	Last	Target	Call	Valuation
07/09/18	DBS Vickers	APAC Realty	0.58	0.66	Fully Valued	PER10x FY18
07/09/18	Kim Eng	Bukit Sembawang	5.31	5.1	Hold
07/09/18	Phillip	Capitaland	2.99	4.19	Accumulate
07/09/18	DBS Vickers	Capitaland	2.99	3.62	Buy	RNAV (25% discount)
07/09/18	Kim Eng	Capitaland	2.99	3.8	Buy
07/09/18	phillip	Chip Eng Seng	0.79	1.15	Buy
07/09/18	DBS Vickers	Chip Eng Seng	0.79	0.75	Fully Valued	Sum of parts
07/09/18	phillip	City Developments	9.46	12.6	Accumulate	RNAV (20% discount)
07/09/18	DBS Vickers	City Developments	9.46	10	Fully Valued	RNAV (35% discount)
07/09/18	OCBC	City Developments	9.46	9.59	Hold
07/09/18	Kim Eng	City Developments	9.46	10.4	Hold
07/09/18	DBS Vickers	Frasers Property	1.58	1.9	Buy	RNAV (35% discount)
07/09/18	Kim Eng	Guocoland	1.83	2	Hold
07/09/18	UOB Kay Hian	HMI	0.595	0.82	Buy	DCF
07/09/18	phillip	Ho Bee	2.3	2.98	Accumulate
07/09/18	Kim Eng	Ho Bee	2.3	3.05	Buy
07/09/18	DBS Vickers	Keppel Corp	6.58	9.1	Buy	Sum of parts
07/09/18	Kim Eng	Oxley	0.345	0.34	Hold
07/09/18	DBS Vickers	Roxy-Pacific	0.43	0.4	Fully Valued	RNAV (55% discount)
07/09/18	Kim Eng	Starhub	1.7	1.96	Buy	DCF
07/09/18	OCBC	UOL	6.7	8.48	Buy	RNAV (35% discount)
07/09/18	DBS Vickers	UOL	6.7	7.82	Buy	RNAV (35% discount)
07/09/18	Kim Eng	UOL	6.7	8.95	Buy
07/09/18	CIMB	Vard	0.25	0.25	Do Not Accept	Offer $0.25 is not fair

Expedia has just dumped bitcoin payment system.

https://sg.finance.yahoo.com/news/expedia-stops-accepting-bitcoin-driving-230729890.html

This is not unexpected.  Why?

Please read our previous postings on this if you're interested to find out more.

http://sg-stock.blogspot.com/2018/03/crypto-community-hub-reddit-dumps.html

The dexterity of China's medical robot, Da Vinci, is simply amazing.

What can I say? Simply amazing!

Baltic dry index - 1567

Today, Wednesday, July 04 2018, the Baltic Dry Index climbed by 91 points, reaching 1567 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 - 1052

Rig counts in the U.S. rose by five last week, the Houston energy services company Baker Hughes reported.

In the U.S. 1,052 rigs are working, a figure that is 100 rigs higher than a year ago. The five added rigs were all in oil drilling. That count stands at 863.

Texas lost four rigs while Alaska and Utah lost two. Those were offset by rig gains of four in New Mexico, three in North Dakota, and two in Louisiana.

The Permian Basin oil field in West Texas and Eagle Ford Shale oil field in South Texas both gained one rig. The Cana Woodford field in Oklahoma lost six rigs, falling to 68.

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

Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

OKP - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/15/17	DBS Vickers	OKP	0.395	0.45	Not Rated	PER11x FY17
06/28/17	Amfrasers	OKP	0.445	0.52	Buy	PER11x FY17
07/17/17	Amfrasers	OKP	0.395	0.39	Hold
02/20/18	Amfrasers	OKP	0.35	0.39	Hold