Date | Analyst | Company | Last | Target | Call | Valuation |
01/18/19 | DBS Vickers | Frasers Commercial Trust | 1.47 | 1.7 | Buy | |
01/21/19 | OCBC | Frasers Commercial Trust | 1.45 | 1.56 | Buy | |
01/21/19 | CIMB | Frasers Commercial Trust | 1.45 | 1.5 | Hold | DDM |
01/21/19 | Lim & Tan | Frasers Commercial Trust | 1.45 | 0 | Hold | |
03/18/19 | DMG & Partners | Frasers Commercial Trust | 1.47 | 1.5 | Neutral | |
04/08/19 | DBS Vickers | Frasers Commercial Trust | 1.47 | 1.7 | Buy | |
04/24/19 | DMG & Partners | Frasers Commercial Trust | 1.49 | 1.5 | Neutral | DDM |
04/24/19 | OCBC | Frasers Commercial Trust | 1.49 | 1.58 | Buy | |
04/24/19 | CIMB | Frasers Commercial Trust | 1.49 | 1.5 | Hold | DDM |
Friday, May 10, 2019
Frasers Commercial Trust - Stock calls
Frasers Centrepoint Trust - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/17/19 | Kim Eng | Frasers Centrepoint Trust | 2.27 | 2.55 | Buy | DDM |
01/22/19 | Lim & Tan | Frasers Centrepoint Trust | 2.26 | 0 | Hold | |
01/22/19 | OCBC | Frasers Centrepoint Trust | 2.26 | 2.5 | Buy | |
01/23/19 | Phillip | Frasers Centrepoint Trust | 2.27 | 2.21 | Neutral | DDM, PB1.09x FY19 |
01/23/19 | DBS Vickers | Frasers Centrepoint Trust | 2.27 | 2.4 | Buy | |
01/28/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.29 | 2.32 | Buy | |
01/28/19 | CIMB | Frasers Centrepoint Trust | 2.29 | 2.35 | Add | DDM |
02/15/19 | Phillip | Frasers Centrepoint Trust | 2.24 | 2.21 | Neutral | |
02/28/19 | Kim Eng | Frasers Centrepoint Trust | 2.3 | 2.55 | Buy | |
03/01/19 | OCBC | Frasers Centrepoint Trust | 2.29 | 2.5 | Buy | |
03/01/19 | DBS Vickers | Frasers Centrepoint Trust | 2.29 | 2.4 | Buy | DCF |
03/14/19 | DBS Vickers | Frasers Centrepoint Trust | 2.26 | 2.6 | Buy | |
03/18/19 | DMG & Partners | Frasers Centrepoint Trust | 2.28 | 2.19 | Neutral | |
04/03/19 | DBS Vickers | Frasers Centrepoint Trust | 2.38 | 2.6 | Buy | |
04/04/19 | Kim Eng | Frasers Centrepoint Trust | 2.36 | 2.6 | Buy | |
04/24/19 | Lim & Tan | Frasers Centrepoint Trust | 2.36 | 0 | Buy | |
04/25/19 | DMG & Partners | Frasers Centrepoint Trust | 2.36 | 2.19 | Neutral | DDM |
04/25/19 | OCBC | Frasers Centrepoint Trust | 2.36 | 2.61 | Buy | DDM |
04/26/19 | Phillip | Frasers Centrepoint Trust | 2.37 | 2.31 | Neutral | DDM |
Fortune Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/29/19 | DBS Vickers | Fortune Reit | 9.7 | 10.68 | Buy |
Stock calls for 10 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/10/19 | DBS Vickers | Frencken | 0.615 | 0.75 | Buy | PER8.5x FY19/20 |
05/10/19 | Lim & Tan | Frencken | 0.615 | 0 | Buy | |
05/10/19 | CIMB | Frencken | 0.615 | 0.9 | Add | |
05/10/19 | UOB Kay Hian | Fu Yu | 0.205 | 0.285 | Buy | |
05/10/19 | Lim & Tan | Fu Yu | 0.205 | 0 | Buy | |
05/10/19 | Kim Eng | Genting | 0.95 | 1.04 | Hold | |
05/10/19 | OCBC | Genting | 0.95 | 1.23 | Buy | |
05/10/19 | DMG & Partners | Genting | 0.95 | 1.02 | Neutral | DCF |
05/10/19 | CIMB | Genting | 0.95 | 1.06 | Add | EV/Ebitda8x FY20 |
05/10/19 | UOB Kay Hian | Genting | 0.95 | 1.26 | Buy | |
05/10/19 | DBS Vickers | Genting | 0.95 | 1.2 | Buy | |
05/10/19 | DBS Vickers | Hongkong Land | 6.97 | 8.02 | Buy | |
05/10/19 | DMG & Partners | OCBC | 11.31 | 12.2 | Neutral | |
05/10/19 | CIMB | OCBC | 11.31 | 12 | Hold | |
05/10/19 | CIMB | OUE Commercial | 0.5 | 0.57 | Hold | |
05/10/19 | DBS Vickers | Roxy-Pacific | 0.405 | 0.39 | Hold | RNAV (55% discount) |
05/10/19 | UOB Kay Hian | Singapore Medical | 0.445 | 0.62 | Buy | |
05/10/19 | DMG & Partners | Singapore Medical | 0.445 | 0.48 | Neutral | DCF |
US tariffs against China have taken effect!
https://sg.finance.yahoo.com/news/us-tariff-increase-200b-chinese-040333406.html
Let's see how China will retaliate after the US$200b tariffs.
Many analysts and economists had said that China had nothing more to tax but they're dead wrong. Why?
China can make up the shortfalls by increasing the tariffs on already taxed US goods and this is unlimited. Tariffs can go up to 1,000% or higher until the US goods cannot be sold in China anymore.
It will be interesting to see what will happen when the US & China don't trade with each other.
Let's see how China will retaliate after the US$200b tariffs.
Many analysts and economists had said that China had nothing more to tax but they're dead wrong. Why?
China can make up the shortfalls by increasing the tariffs on already taxed US goods and this is unlimited. Tariffs can go up to 1,000% or higher until the US goods cannot be sold in China anymore.
It will be interesting to see what will happen when the US & China don't trade with each other.
Thursday, May 9, 2019
India is fudging its own economic data.
https://www.channelnewsasia.com/news/business/india-s-incredulous-data--economists-create-own-benchmarks-11517966
India is fudging its own economic data.
Hahaha! Why am I not surprised?
India is fudging its own economic data.
Hahaha! Why am I not surprised?
Food Empire - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
03/04/19 | DMG & Partners | Food Empire | 0.58 | 0.69 | Buy | |
04/05/19 | DMG & Partners | Food Empire | 0.56 | 0.69 | Buy |
First Sponsor - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/22/19 | DBS Vickers | First Sponsor | 1.27 | 1.62 | Buy | RNAV (35% discount) |
First Resources - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/03/19 | UOB Kay Hian | First Resources | 1.56 | 1.6 | Hold | |
02/20/19 | UOB Kay Hian | First Resources | 1.72 | 1.85 | Hold | PER13x FY19, Buy @ $1.65 |
02/21/19 | Kim Eng | First Resources | 1.69 | 2.1 | Buy | |
03/01/19 | Kim Eng | First Resources | 1.71 | 2.03 | Buy | PER17x |
03/04/19 | DMG & Partners | First Resources | 1.72 | 1.6 | Neutral | PER13x FY19 |
03/04/19 | DBS Vickers | First Resources | 1.72 | 1.97 | Buy | DCF |
03/05/19 | CIMB | First Resources | 1.7 | 2.12 | Add | |
03/12/19 | UOB Kay Hian | First Resources | 1.69 | 1.85 | Hold | Buy @ $1.65 |
04/09/19 | CIMB | First Resources | 1.79 | 2.12 | Add | |
04/22/19 | UOB Kay Hian | First Resources | 1.85 | 1.85 | Hold | |
05/06/19 | Kim Eng | First Resources | 1.82 | 2.03 | Buy | PER17x FY19 |
05/09/19 | UOB Kay Hian | First Resources | 1.79 | 1.85 | Hold | PER13x FY19, Buy @ $1.65 |
Stock calls for 9 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/09/19 | Kim Eng | AEM | 1.05 | 1.4 | Buy | |
05/09/19 | UOB Kay Hian | CSE Global | 0.485 | 0.62 | Buy | |
05/09/19 | UOB Kay Hian | First Resources | 1.79 | 1.85 | Hold | PER13x FY19, Buy @ $1.65 |
05/09/19 | DMG & Partners | Frencken | 0.615 | 0.82 | Buy | DCF |
05/09/19 | DMG & Partners | Kimly | 0.245 | 0.23 | Neutral | DCF |
05/09/19 | UOB Kay Hian | Koufu | 0.75 | 0.95 | Buy | |
05/09/19 | DBS Vickers | Netlink | 0.82 | 0.87 | Buy | |
05/09/19 | OCBC | Roxy-Pacific | 0.405 | 0.41 | Hold | |
05/09/19 | UOB Kay Hian | Singapore Post | 0.99 | 1.06 | Hold | Buy @ $0.95 |
05/09/19 | DBS Vickers | Singtel | 3.11 | 3.55 | Buy | |
05/09/19 | UOB Kay Hian | Sunningdale | 1.32 | 1.22 | Hold | PER11x FY20, Buy @ $1.10 |
05/09/19 | CIMB | Sunningdale | 1.32 | 1.38 | Hold | PB0.69x FY19 |
Bonitas Research: Best World is a fraud! - Part 2
|
|
China's CPI has risen to 6-month high.
https://sg.finance.yahoo.com/news/chinas-factory-gate-inflation-hits-four-month-high-025321639--business.html
China CPI is at 2.5% in April, a 6-month high.
This is not unexpected as we've expected CPI to rise in China in our previous post.
https://sg-stock.blogspot.com/2019/03/global-inflation-or-deflation.html
US-China trade tariffs will also contribute to higher CPI in the 2nd half of 2019 in the US & China.
We need to understand the chain of events in a real economy, starting with the CPI below.
CPI/PPI ----->> M1-M2 spread/3m-10y yield spread ----->> PMI ----->> GDP
https://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html
China CPI is at 2.5% in April, a 6-month high.
This is not unexpected as we've expected CPI to rise in China in our previous post.
https://sg-stock.blogspot.com/2019/03/global-inflation-or-deflation.html
US-China trade tariffs will also contribute to higher CPI in the 2nd half of 2019 in the US & China.
We need to understand the chain of events in a real economy, starting with the CPI below.
CPI/PPI ----->> M1-M2 spread/3m-10y yield spread ----->> PMI ----->> GDP
https://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html
Wednesday, May 8, 2019
First Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/16/19 | phillip | First Reit | 1.04 | 0.88 | Neutral | DDM |
01/17/19 | Lim & Tan | First Reit | 1.03 | 0 | Neutral | |
01/18/19 | OCBC | First Reit | 1.01 | 0.97 | Hold | |
01/18/19 | CIMB | First Reit | 1.01 | 1.2 | Add | DDM |
02/11/19 | OCBC | First Reit | 1.14 | 0.97 | Sell | |
04/11/19 | CIMB | First Reit | 0.99 | 1.2 | Add | DDM |
Far East Hospitality - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/16/19 | OCBC | Far East Hospitality | 0.625 | 0.675 | Buy | |
02/07/19 | OCBC | Far East Hospitality | 0.66 | 0.675 | Buy | |
02/13/19 | Lim & Tan | Far East Hospitality | 0.64 | 0 | Buy | |
02/14/19 | DBS Vickers | Far East Hospitality | 0.635 | 0.7 | Buy | DCF |
02/14/19 | CIMB | Far East Hospitality | 0.635 | 0.68 | Add | DDM |
02/14/19 | Kim Eng | Far East Hospitality | 0.635 | 0.75 | Buy | DDM |
02/14/19 | OCBC | Far East Hospitality | 0.635 | 0.68 | Buy | |
04/15/19 | OCBC | Far East Hospitality | 0.685 | 0.68 | Hold | |
04/26/19 | OCBC | Far East Hospitality | 0.66 | 0.67 | Hold | |
04/26/19 | DBS Vickers | Far East Hospitality | 0.66 | 0.7 | Buy | |
04/29/19 | CIMB | Far East Hospitality | 0.665 | 0.71 | Add | |
04/29/19 | Kim Eng | Far East Hospitality | 0.665 | 0.8 | Buy |
Ezion - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
02/07/19 | DBS Vickers | Ezion | 0.05 | 0.06 | Hold | PB0.3x FY19 |
03/11/19 | DBS Vickers | Ezion | 0.043 | 0.05 | Hold | PER10x F20 |
04/05/19 | DBS Vickers | Ezion | 0.043 | 0.05 | Hold | PB1.4x |
Stock calls for 8 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/08/19 | DMG & Partners | Breadtalk | 0.825 | 0.81 | Neutral | Sum of parts |
05/08/19 | CIMB | Comfortdelgro | 2.61 | 2.88 | Add | DCF |
05/08/19 | CIMB | Keppel Corp | 6.72 | 8.41 | Add | Sum of parts |
05/08/19 | UOB Kay Hian | Overseas Edu | 0.3 | 0.46 | Buy | EV/Ebitda10.4x |
05/08/19 | Lim & Tan | Overseas Edu | 0.3 | 0 | Buy | |
05/08/19 | OCBC | Singapore Post | 1.01 | 1 | Hold | |
05/08/19 | CIMB | Singapore Post | 1.01 | 1.17 | Add | DCF |
05/08/19 | DBS Vickers | Singapore Post | 1.01 | 0.96 | Hold | DCF |
Tuesday, May 7, 2019
ESR-Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/18/19 | Lim & Tan | ESR-Reit | 0.53 | 0 | Hold | |
01/21/19 | CIMB | ESR-Reit | 0.53 | 0.62 | Add | DDM |
01/21/19 | OCBC | ESR-Reit | 0.53 | 0.575 | Buy | |
01/22/19 | DBS Vickers | ESR-Reit | 0.53 | 0.59 | Buy | |
02/12/19 | DMG & Partners | ESR-Reit | 0.515 | 0.61 | Buy | DDM |
03/07/19 | CIMB | ESR-Reit | 0.53 | 0.62 | Add | |
03/13/19 | DMG & Partners | ESR-Reit | 0.53 | 0.61 | Buy | |
04/10/19 | OCBC | ESR-Reit | 0.54 | 0.55 | Hold | |
04/25/19 | CIMB | ESR-Reit | 0.51 | 0.6 | Add | DDM |
04/25/19 | OCBC | ESR-Reit | 0.51 | 0.565 | Buy |
EC World Reit - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/09/19 | DMG & Partners | EC World Reit | 0.7 | 0.81 | Buy | |
02/15/19 | phillip | EC World Reit | 0.745 | 0.82 | Buy | |
02/22/19 | DBS Vickers | EC World Reit | 0.745 | 0.86 | Buy | DCF |
02/25/19 | DMG & Partners | EC World Reit | 0.755 | 0.84 | Buy | DDM |
03/04/19 | phillip | EC World Reit | 0.76 | 0.85 | Buy | DDM, PB0.84x FY19 |
03/18/19 | DMG & Partners | EC World Reit | 0.77 | 0.84 | Buy | |
05/07/19 | DMG & Partners | EC World Reit | 0.77 | 0.84 | Buy |
Duty Free - Stock calls
Date | Analyst | Company | Last | Target | Call | Valuation |
01/10/19 | Lim & Tan | Duty Free | 0.192 | 0 | Accumulate |
Stock calls for 7 May 2019
Date | Analyst | Company | Last | Target | Call | Valuation |
05/07/19 | DMG & Partners | APAC Realty | 0.555 | 0.72 | Buy | |
05/07/19 | DBS Vickers | Breadtalk | 0.835 | 0.92 | Hold | |
05/07/19 | DMG & Partners | CSE Global | 0.475 | 0.61 | Buy | DCF, PER13.7x FY19 |
05/07/19 | Lim & Tan | CSE Global | 0.475 | 0 | Buy | |
05/07/19 | OCBC | DBS | 26.53 | 27.5 | Hold | |
05/07/19 | DMG & Partners | Delfi | 1.3 | 1.68 | Buy | DCF, PER28x FY19 |
05/07/19 | DMG & Partners | EC World Reit | 0.77 | 0.84 | Buy | |
05/07/19 | CIMB | Frasers Property | 1.85 | 2.08 | Add | |
05/07/19 | DMG & Partners | Fu Yu | 0.21 | 0.24 | Buy | DCF |
05/07/19 | DMG & Partners | HRnetGroup | 0.77 | 1.06 | Buy | DCF |
05/07/19 | DBS Vickers | Koufu | 0.77 | 0.8 | Hold | PER17x FY19 |
05/07/19 | UOB Kay Hian | Netlink | 0.825 | 0.92 | Buy | DCF |
05/07/19 | DMG & Partners | Silverlake | 0.61 | 0.65 | Buy | DCF |
05/07/19 | DMG & Partners | Starhill | 0.74 | 0.78 | Buy | DDM |
05/07/19 | Lim & Tan | Sunningdale | 1.35 | 0 | Hold | |
05/07/19 | DMG & Partners | UG Healthcare | 0.18 | 0.32 | Buy | PER10x FY20 |
05/07/19 | OCBC | UOB | 25.85 | 27.3 | Hold |
Subscribe to:
Posts (Atom)