Starhub - Stock calls

 

Date	Analyst	Company	Last	Target	Call	Valuation
07/17/19	UOB Kay Hian	Starhub	1.54	1.45	Sell	DCF
08/07/19	Phillip	Starhub	1.48	1.58	Accumulate	EV/Ebitda6x
08/07/19	DMG & Partners	Starhub	1.48	1.52	Neutral	DCF
08/07/19	OCBC	Starhub	1.48	1.52	Hold
08/07/19	UOB Kay Hian	Starhub	1.48	1.45	Sell
08/07/19	DBS Vickers	Starhub	1.48	1.55	Hold	EV/Ebitda 6.6x FY19
08/13/19	CIMB	Starhub	1.45	1.65	Hold	DCF
08/13/19	Citibank	Starhub	1.45	1.22	Sell
10/18/19	DBS Vickers	Starhub	1.28	1.55	Hold
10/24/19	DBS Vickers	Starhub	1.32	1.3	Hold	EV/Ebitda6x FY20
10/24/19	CIMB	Starhub	1.32	1.65	Hold
10/24/19	Kim Eng	Starhub	1.32	2	Buy
11/06/19	CIMB	Starhub	1.32	1.65	Add	DCF
11/06/19	Kim Eng	Starhub	1.32	2	Buy	DCF
11/06/19	DMG & Partners	Starhub	1.32	1.44	Neutral	DCF
11/06/19	UOB Kay Hian	Starhub	1.32	1.45	Hold	EV/Ebitda5.4x, Buy @ $1.25
11/07/19	Phillip	Starhub	1.43	1.58	Accumulate	EV/Ebitda6x
11/07/19	OCBC	Starhub	1.43	1.32	Hold
11/07/19	DBS Vickers	Starhub	1.43	1.43	Buy	EV/Ebitda6x
01/03/20	DBS Vickers	Starhub	1.42	1.43	Buy	EV/Ebitda6x
01/14/20	DMG & Partners	Starhub	1.46	1.44	Neutral
01/21/20	UOB Kay Hian	Starhub	1.48	1.45	Hold	DCF, Buy @ $1.25
01/24/20	DBS Vickers	Starhub	1.49	1.72	Buy	DCF
01/24/20	Citibank	Starhub	1.49	1.22	Sell
02/21/20	UOB Kay Hian	Starhub	1.5	1.45	Hold	Buy @ $1.25
02/21/20	DMG & Partners	Starhub	1.5	1.63	Neutral	DCF
02/21/20	DBS Vickers	Starhub	1.5	1.72	Buy
02/21/20	CIMB	Starhub	1.5	1.8	Add	DCF
02/24/20	Phillip	Starhub	1.52	1.7	Accumulate	EV/Ebitda6.5x FY20
02/24/20	OCBC	Starhub	1.52	1.53	Hold
03/13/20	CIMB	Starhub	1.43	1.8	Add	DCF, EV/Ebitda7x FY20
03/13/20	DBS Vickers	Starhub	1.43	1.72	Buy	DCF
03/26/20	DBS Vickers	Starhub	1.27	1.4	Buy	DCF
04/30/20	DBS Vickers	Starhub	1.45	1.75	Buy	DCF
04/30/20	DMG & Partners	Starhub	1.45	1.63	Neutral
05/08/20	Phillip	Starhub	1.49	1.45	Neutral	EV/Ebitda 6x FY20
05/08/20	DMG & Partners	Starhub	1.49	1.51	Neutral	DCF
05/08/20	UOB Kay Hian	Starhub	1.49	1.4	Hold	Buy @ $1.20
05/08/20	DBS Vickers	Starhub	1.49	1.75	Buy	DCF
05/08/20	Lim & Tan	Starhub	1.49	0	Take Profit
05/08/20	OCBC	Starhub	1.49	1.39	Hold
05/08/20	CIMB	Starhub	1.49	1.7	Add	DCF
06/23/20	DBS Vickers	Starhub	1.31	1.37	Hold	DCF
06/23/20	DMG & Partners	Starhub	1.31	1.44	Neutral	DCF
08/11/20	Phillip	Starhub	1.21	1.24	Neutral	EV/Ebitda 6x FY20
08/11/20	DMG & Partners	Starhub	1.21	1.3	Neutral	DCF
08/11/20	DBS Vickers	Starhub	1.21	1.16	Hold	DCF
08/11/20	CIMB	Starhub	1.21	1.6	Add

Starhill - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/04/19	DMG & Partners	Starhill	0.78	0.78	Buy
07/31/19	CIMB	Starhill	0.8	0.79	Hold
08/02/19	DMG & Partners	Starhill	0.78	0.78	Neutral	DDM
08/06/19	OCBC	Starhill	0.775	0.81	Buy
10/07/19	CIMB	Starhill	0.74	0.75	Hold	DDM
12/10/19	DMG & Partners	Starhill	0.725	0.8	Neutral
01/30/20	DMG & Partners	Starhill	0.71	0.76	Neutral	DDM
02/04/20	DBS Vickers	Starhill	0.715	0.8	Buy	DCF
04/02/20	DBS Vickers	Starhill	0.41	0.45	Hold
04/15/20	CIMB	Starhill	0.485	0.71	Buy
04/15/20	OCBC	Starhill	0.485	0.52	Buy
04/23/20	DMG & Partners	Starhill	0.49	0.76	Buy
05/05/20	Lim & Tan	Starhill	0.48	0	Hold
05/29/20	DBS Vickers	Starhill	0.46	0.5	Hold
06/03/20	DMG & Partners	Starhill	0.535	0.63	Buy	DDM
07/29/20	CIMB	Starhill	0.475	0.706	Add	DDM
07/30/20	OCBC	Starhill	0.47	0.53	Buy
08/03/20	DMG & Partners	Starhill	0.465	0.6	Buy	DDM

Stock calls for 10 September 2020

Date	Analyst	Company	Last	Target	Call	Valuation
09/10/20	CIMB	Dairy Farm	3.85	4.5	Add	PER20x FY21
09/10/20	Lim & Tan	KSH	0.325	0	Hold
09/10/20	CIMB	Lendlease Reit	0.655	0.854	Add
09/10/20	Lim & Tan	Sunningdale	1.25	0	Buy

ST Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/05/19	DMG & Partners	ST Engineering	4.24	4.45	Buy	PER20.5x FY20 & PB5.5x FY20 & EV/Ebitda11x FY20 & DCF
07/15/19	UOB Kay Hian	ST Engineering	4.29	4.7	Buy
08/15/19	UOB Kay Hian	ST Engineering	4.22	4.36	Hold
08/15/19	DMG & Partners	ST Engineering	4.22	4.7	Buy	Sum of parts
08/15/19	OCBC	ST Engineering	4.22	4.64	Buy	DCF
08/16/19	CIMB	ST Engineering	4.07	4.36	Add	Sum of parts
08/16/19	DBS Vickers	ST Engineering	4.07	4.64	Buy	Sum of parts
08/16/19	Lim & Tan	ST Engineering	4.07	0	Hold
09/11/19	DMG & Partners	ST Engineering	3.9	4.7	Buy
09/18/19	UOB Kay Hian	ST Engineering	3.9	4.34	Buy
09/20/19	Kim Eng	ST Engineering	3.92	4.3	Hold
10/01/19	DBS Vickers	ST Engineering	3.84	4.64	Buy
10/02/19	DMG & Partners	ST Engineering	3.85	4.7	Buy	Sum of parts
10/08/19	Kim Eng	ST Engineering	3.91	4.5	Buy	DCF
10/09/19	UOB Kay Hian	ST Engineering	3.92	4.34	Buy
10/14/19	CIMB	ST Engineering	4.02	4.36	Add
11/11/19	DMG & Partners	ST Engineering	4.12	4.7	Buy	Sum of parts
11/12/19	DBS Vickers	ST Engineering	4	4.64	Buy
11/12/19	CIMB	ST Engineering	4	4.47	Add
11/12/19	Kim Eng	ST Engineering	4	4.5	Buy
11/12/19	OCBC	ST Engineering	4	4.64	Buy
11/12/19	DMG & Partners	ST Engineering	4	4.55	Buy	Sum of parts
11/12/19	UOB Kay Hian	ST Engineering	4	4.32	Buy
12/19/19	DMG & Partners	ST Engineering	3.9	4.55	Buy
01/08/20	DMG & Partners	ST Engineering	4.02	4.55	Buy	PER22x FY20 & PB5.8x & EV/Ebitda11x
02/19/20	Macquarie	ST Engineering	4.3	5	outperform
02/24/20	Lim & Tan	ST Engineering	4.24	0	Hold
02/25/20	DMG & Partners	ST Engineering	4.2	4.9	Buy	Sum of parts
02/25/20	UOB Kay Hian	ST Engineering	4.2	4.46	Buy
02/25/20	DBS Vickers	ST Engineering	4.2	4.6	Buy
02/25/20	CIMB	ST Engineering	4.2	4.66	Add
03/05/20	Macquarie	ST Engineering	4.36	5	outperform
03/17/20	DMG & Partners	ST Engineering	3.36	4.9	Buy	Sum of parts
04/07/20	DMG & Partners	ST Engineering	3.03	4.9	Buy
04/17/20	DMG & Partners	ST Engineering	3.44	4.65	Buy	Sum of parts
04/22/20	UOB Kay Hian	ST Engineering	3.33	3.6	Hold	EV/Invested capital basis, Buy @ $3.10
04/22/20	CIMB	ST Engineering	3.33	3.86	Add	Sum of parts
04/28/20	DMG & Partners	ST Engineering	3.24	4.15	Buy	Sum of parts
05/18/20	DMG & Partners	ST Engineering	3.27	3.9	Buy	Sum of parts
05/18/20	UOB Kay Hian	ST Engineering	3.27	3.5	Hold	Buy @ $3-3.10
05/18/20	DBS Vickers	ST Engineering	3.27	3.4	Hold	Sum of parts
06/19/20	DMG & Partners	ST Engineering	3.41	3.9	Buy
07/13/20	OCBC	ST Engineering	3.35	3.9	Buy
07/29/20	DMG & Partners	ST Engineering	3.31	3.9	Buy	Sum of parts
08/07/20	CIMB	ST Engineering	3.23	3.46	Add	DCF
08/17/20	DBS Vickers	ST Engineering	3.39	3.4	Hold	Sum of parts, Buy @ below $3.10
08/17/20	UOB Kay Hian	ST Engineering	3.39	3.4	Hold	Buy @ $3.15
08/17/20	CIMB	ST Engineering	3.39	3.76	Add
08/17/20	OCBC	ST Engineering	3.39	3.9	Buy
08/18/20	DBS Vickers	ST Engineering	3.39	3.8	Buy	Sum of parts
08/18/20	DMG & Partners	ST Engineering	3.39	3.9	Buy	Sum of parts
08/19/20	Macquarie	ST Engineering	3.48	3.45	outperform	Sum of parts
09/07/20	DBS Vickers	ST Engineering	3.42	3.8	Buy

SPH Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/12/19	CIMB	SPH Reit	1.12	1.11	Hold	DDM
07/12/19	Lim & Tan	SPH Reit	1.12	0	Hold
07/15/19	OCBC	SPH Reit	1.1	1.05	Hold
07/16/19	Kim Eng	SPH Reit	1.1	1.05	Hold	DDM
07/17/19	DBS Vickers	SPH Reit	1.11	1.2	Buy	DCF
10/11/19	CIMB	SPH Reit	1.11	1.09	Hold	DDM
10/11/19	DBS Vickers	SPH Reit	1.11	1.25	Buy	DCF
10/11/19	Kim Eng	SPH Reit	1.11	1.1	Hold	DDM
10/14/19	OCBC	SPH Reit	1.13	1.05	Hold
10/15/19	OCBC	SPH Reit	1.15	1.1	Hold
11/08/19	DBS Vickers	SPH Reit	1.14	1.25	Buy
11/08/19	CIMB	SPH Reit	1.14	1.16	Hold	DDM
01/13/20	Kim Eng	SPH Reit	1.08	1.15	Buy	DDM
01/13/20	OCBC	SPH Reit	1.08	1.13	Hold
01/13/20	Lim & Tan	SPH Reit	1.08	0	Buy on weakness
01/13/20	CIMB	SPH Reit	1.08	1.16	Add
01/13/20	DBS Vickers	SPH Reit	1.08	1.2	Buy
03/17/20	Kim Eng	SPH Reit	0.87	1.15	Buy
03/17/20	OCBC	SPH Reit	0.87	0.77	Hold
04/02/20	DBS Vickers	SPH Reit	0.75	0.7	Fully Valued
04/02/20	Kim Eng	SPH Reit	0.75	0.8	Hold	DDM
04/02/20	CIMB	SPH Reit	0.75	1.12	Add
05/29/20	DBS Vickers	SPH Reit	0.825	0.8	Hold
05/29/20	CIMB	SPH Reit	0.825	1.13	Add
06/03/20	DBS Vickers	SPH Reit	0.88	0.8	Hold
07/03/20	Kim Eng	SPH Reit	0.885	0.8	Hold	DDM
07/03/20	Lim & Tan	SPH Reit	0.885	0	Hold
07/06/20	CIMB	SPH Reit	0.875	1.1	Add
07/06/20	OCBC	SPH Reit	0.875	0.81	Hold

SPH - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/15/19	UOB Kay Hian	SPH	2.49	2.33	Hold	Sum of parts, Buy @ $2.10
07/16/19	CIMB	SPH	2.32	2.22	Hold	Sum of parts
07/16/19	DBS Vickers	SPH	2.32	2.22	Hold	Sum of parts
09/10/19	Lim & Tan	SPH	1.99	0	Hold
10/21/19	UOB Kay Hian	SPH	2.15	2.25	Hold	Sum of parts, Buy @ $2
10/21/19	DBS Vickers	SPH	2.15	2.19	Hold	Sum of parts
12/23/19	Lim & Tan	SPH	2.16	0	Hold
01/06/20	UOB Kay Hian	SPH	2.15	2.3	Hold	Sum of parts, Buy @ $2
01/14/20	UOB Kay Hian	SPH	2.18	2.22	Hold	Sum of parts, Buy @ $2
01/14/20	CIMB	SPH	2.18	2.11	Hold	Sum of parts
01/14/20	DBS Vickers	SPH	2.18	2.12	Hold
01/15/20	Lim & Tan	SPH	2.14	0	Hold
01/15/20	OCBC	SPH	2.14	2.28	Hold
03/06/20	UOB Kay Hian	SPH	1.88	2.22	Hold
03/09/20	UOB Kay Hian	SPH	1.89	2.25	Buy	Sum of parts
03/19/20	Lim & Tan	SPH	1.83	0	Hold
03/26/20	UOB Kay Hian	SPH	1.74	2.04	Buy
04/02/20	UOB Kay Hian	SPH	1.78	1.61	Hold	Sum of parts, Buy @ $1.40
04/08/20	CIMB	SPH	1.6	1.57	Hold	Sum of parts
04/08/20	Lim & Tan	SPH	1.6	0	Sell
04/08/20	DBS Vickers	SPH	1.6	1.56	Hold	Sum of parts
04/09/20	UOB Kay Hian	SPH	1.53	1.39	Hold	Sum of parts, Buy @ $1.20
04/28/20	UOB Kay Hian	SPH	1.49	1.5	Hold	Buy @ $1.3
05/21/20	UOB Kay Hian	SPH	1.5	1.52	Hold	Sum of parts, Buy @ $1.30
05/21/20	Lim & Tan	SPH	1.5	0	Hold
05/22/20	DBS Vickers	SPH	1.56	1.57	Hold
06/24/20	UOB Kay Hian	SPH	1.36	1.52	Hold	Buy @ $1.30
06/25/20	CIMB	SPH	1.33	1.57	Hold
07/15/20	UOB Kay Hian	SPH	1.25	1.41	Hold	Sum of parts, Buy @ $1.20
07/15/20	CIMB	SPH	1.25	1.35	Hold
07/15/20	OCBC	SPH	1.25	1.35	Hold	PER15x
07/16/20	DBS Vickers	SPH	1.25	1.26	Hold	Sum of parts
08/19/20	Lim & Tan	SPH	1.11	0	Hold
08/24/20	UOB Kay Hian	SPH	1.08	1.22	Hold	Sum of parts, Buy @ $1
08/31/20	DBS Vickers	SPH	1.09	1.26	Hold

Stock calls for 9 September 2020

Date	Analyst	Company	Last	Target	Call	Valuation
09/09/20	CIMB	Hi-P	1.18	1.23	Hold	PB1.52x FY20
09/09/20	phillip	Sembcorp Industries	1.91	2.72	Buy	PB0.7x FY21 + 4.911 SCM shares
09/09/20	Lim & Tan	Sheng Siong	1.65	0	Buy
09/09/20	UOB Kay Hian	Yangzijiang	0.93	1.17	Buy

The devious US is trying to poison all Asians now! - Part 2

http://sg-stock.blogspot.com/2020/09/the-devious-us-is-trying-to-poison-all.html

I was asked to provide more information about Ractopamine.  Here it goes.

https://sg.news.yahoo.com/banned-160-nations-why-ractopamine-u-pork-op-182622611.html

The codex standard was set up based on research with just 6 samples size and 1 person dropped out half-way because his heart was acting abnormally after consuming ractopamine.

The pigs which consumed ractopamine displayed aggressive behaviour and attacked other pigs, and some pigs couldn't even walk properly.

Basically, ractopamine will cause abnormal heartbeats such as irregular beating and fast pounding.  Furthermore, long-term consumption will cause infertility too.  If you want to remail sterile, this might be a good option for you.  Heehee!

Therefore, please don't be alarmed when our youngsters drop dead in the future while doing strenuous exercises such as running.

The codex standard is 10ppb or 0.01ppm (established by 26 countries but more than 160 banned it).

https://australianpork.com.au/industry-news/singapore-new-limits-on-ractopamine-residues/

Previously, there was no MRL set for ractopamine in pigs in SG.  However, our government had set an MRL for the liver after April 2020.

If you want to know which countries allow ractopamine in ASEAN, just look at the CPTPP members.  All CPTPP members including SG must allow ractopamine in their countries because this is a prerequisite of CPTPP.

https://www.mfat.govt.nz/en/trade/free-trade-agreements/free-trade-agreements-in-force/cptpp/cptpp-overview/

The US inflation is coming!

 https://container-news.com/china-usec-rates-break-through-us4000-barrier/

China/USEC rates will be approaching US$5000 FEU and the incremental freight rates will be reflected in the inflation rate in the future because transportation costs will affect many goods.

Moreover, the average freight rate index has been rising steadily despite the economic contraction caused by the COVID outbreak in 2020.

This index is a harbinger of future trend and it means that there is an impending inventory growth which I've indicated earlier in my previous post below.

http://sg-stock.blogspot.com/2020/09/the-us-ism-pmi-improved-again-in-august.html

"However, the production had improved to 63.3 which might indicate that the inventory reduction phase would end soon. Overall, the PMI had risen to 56 which was a good indication of positive economic growth in the US."

Soilbuild Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/17/19	Amfrasers	Soilbuild Reit	0.615	0.609	Neutral	DDM
07/18/19	Lim & Tan	Soilbuild Reit	0.61	0	Hold
07/19/19	UOB Kay Hian	Soilbuild Reit	0.615	0.6	Hold
07/19/19	DBS Vickers	Soilbuild Reit	0.615	0.63	Hold	DCF
09/03/19	OCBC	Soilbuild Reit	0.55	0.58	Accept offer
10/18/19	DBS Vickers	Soilbuild Reit	0.525	0.55	Hold	DCF
10/18/19	OCBC	Soilbuild Reit	0.525	0.52	Hold
10/18/19	Amfrasers	Soilbuild Reit	0.525	0.58	Neutral
01/24/20	DBS Vickers	Soilbuild Reit	0.52	0.55	Hold	DCF
01/28/20	OCBC	Soilbuild Reit	0.515	0.52	Hold
02/04/20	Amfrasers	Soilbuild Reit	0.5	0.55	Neutral
03/02/20	DBS Vickers	Soilbuild Reit	0.495	0.55	Hold
04/20/20	DBS Vickers	Soilbuild Reit	0.39	0.5	Buy	DCF
04/21/20	OCBC	Soilbuild Reit	0.4	0.38	Hold
05/27/20	Amfrasers	Soilbuild Reit	0.38	0.48	Neutral
07/09/20	DBS Vickers	Soilbuild Reit	0.41	0.5	Buy
09/02/20	DBS Vickers	Soilbuild Reit	0.455	0.5	Buy	DCF