Singapore Stock Exchange - Equity Investments

Tuesday, September 15, 2020

The US FED is expected to remain on hold again!

The US FED is projected to keep its rates on hold again with a 100% probability on Fedwatch tool.

Stock calls for 15 September 2020

Monday, September 14, 2020

The Indian media is smearing China now.

https://www.hindustantimes.com/world-news/covid-19-made-in-wuhan-lab-controlled-by-china-govt-claims-virologist-offers-evidence/story-JJTyD7Ts61FLOzPvEQHHQL.html

Let me tear up the Indian's lie by giving my analysis.

I've stated previously that Wuhan was a commercial P4 lab registered with the UN and China won't use a commercial lab to create a biochem weapon since this was usually done in a classified military lab.

http://sg-stock.blogspot.com/2020/04/the-us-is-trying-to-smear-china-again.html

This HK virologist was working in HK and she didn't have any access to Wuhan Lab's material. She also didn't have any security clearance from China to access CDC in China. Therefore, there was no way she could get any intelligence from CDC in China. If Wuhan Lab is government-controlled, the US wouldn't have approved a US$3.7m research grant to Wuhan Lab.

http://sg-stock.blogspot.com/2020/04/the-us-is-trying-to-smear-china-again_23.html

A government-controlled lab won't need to get a research grant from a foreign adversary in the first place.

This HK traitor was just making a claim about Wuhan Lab because she was paid to do so by the US. She couldn't even provide any proof with her professional knowledge. Furthermore, she also couldn't explain the ancestral virus genome which was traced back to the US.

http://sg-stock.blogspot.com/2020/09/the-truth-behind-covid-19-outbreak-is.html

The Indian news media always fabricate news. Another recent example below.

https://thelogicalindian.com/fact-check/taiwan-china-fighter-aircraft-23528

Tiong Woon - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/09/20	Lim & Tan	Tiong Woon	0.375	0	Accumulate

Tianjin Zhongxin - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/15/19	UOB Kay Hian	Tianjin Zhongxin	0.795	1.4	Buy
04/20/20	Lim & Tan	Tianjin Zhongxin	0.67	0	Accumulate
04/21/20	UOB Kay Hian	Tianjin Zhongxin	0.715	1.35	Buy	PER10.5x FY20
08/19/20	UOB Kay Hian	Tianjin Zhongxin	0.87	1.25	Buy	PER9.9x FY20

Thai Beverage - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/15/19	DBS Vickers	Thai Beverage	0.83	0.91	Buy
08/15/19	JP Morgan	Thai Beverage	0.83	0.96	Overweight
08/16/19	CIMB	Thai Beverage	0.905	1	Add	Sum of parts
08/16/19	DMG & Partners	Thai Beverage	0.905	0.92	Take Profit	Sum of parts, PER19x FY20
08/22/19	Phillip	Thai Beverage	0.925	0.83	Neutral	Sum of parts
09/02/19	UOB Kay Hian	Thai Beverage	0.9	0.87	Hold	Sum of parts, Buy @ $0.76
10/01/19	DBS Vickers	Thai Beverage	0.885	0.91	Buy
10/03/19	CIMB	Thai Beverage	0.88	1	Add	Sum of parts
10/03/19	UOB Kay Hian	Thai Beverage	0.88	0.87	Hold	Sum of parts, Buy @ $0.76
11/25/19	UOB Kay Hian	Thai Beverage	0.89	0.9	Hold	Buy @ $0.78
11/25/19	DMG & Partners	Thai Beverage	0.89	0.95	Neutral	Sum of parts
11/25/19	CIMB	Thai Beverage	0.89	1.02	Add	Sum of parts
11/25/19	DBS Vickers	Thai Beverage	0.89	1.04	Buy	Sum of parts
11/26/19	Phillip	Thai Beverage	0.89	0.8	Reduce	Sum of parts
11/26/19	OCBC	Thai Beverage	0.89	0.91	Hold
11/29/19	Morgan Stanley	Thai Beverage	0.865	1.08	Overweight
11/29/19	Nomura	Thai Beverage	0.865	1.04	Buy
11/29/19	JP Morgan	Thai Beverage	0.865	1	Overweight
11/29/19	Credit Suisse	Thai Beverage	0.865	0.9	Neutral
12/03/19	UOB Kay Hian	Thai Beverage	0.89	0.9	Hold	Sum of parts, Buy @ $0.78
12/11/19	DMG & Partners	Thai Beverage	0.89	0.95	Neutral
01/06/20	DBS Vickers	Thai Beverage	0.895	1.04	Buy
01/28/20	UOB Kay Hian	Thai Beverage	0.795	0.9	Hold	Sum of parts, Buy @ $0.75
02/17/20	Phillip	Thai Beverage	0.785	0.95	Buy	Sum of parts
02/17/20	DMG & Partners	Thai Beverage	0.785	0.92	Buy	Sum of parts
02/17/20	UOB Kay Hian	Thai Beverage	0.785	0.9	Hold	Buy @ $0.75
02/17/20	CIMB	Thai Beverage	0.785	0.9	Add	Sum of parts
02/20/20	Amfrasers	Thai Beverage	0.845	0.96	Outperform	Sum of parts
03/10/20	Amfrasers	Thai Beverage	0.755	0.96	Outperform
04/16/20	DMG & Partners	Thai Beverage	0.675	0.79	Buy	Sum of parts
04/16/20	OCBC	Thai Beverage	0.675	0.9	Buy
04/20/20	CIMB	Thai Beverage	0.695	0.7	Hold
05/15/20	DBS Vickers	Thai Beverage	0.665	0.9	Buy	Sum of parts
05/18/20	Phillip	Thai Beverage	0.67	0.8	Buy	PER18x FY20
05/18/20	DMG & Partners	Thai Beverage	0.67	0.72	Neutral	Sum of parts
05/18/20	UOB Kay Hian	Thai Beverage	0.67	0.78	Buy
05/18/20	CIMB	Thai Beverage	0.67	0.7	Hold	Sum of parts
05/20/20	OCBC	Thai Beverage	0.66	0.71	Hold
07/03/20	DBS Vickers	Thai Beverage	0.675	0.9	Buy
08/07/20	DBS Vickers	Thai Beverage	0.63	0.9	Buy
08/17/20	DMG & Partners	Thai Beverage	0.605	0.72	Buy	Sum of parts
08/17/20	CIMB	Thai Beverage	0.605	0.7	Hold
08/17/20	Amfrasers	Thai Beverage	0.605	0.93	Outperform
08/18/20	Phillip	Thai Beverage	0.635	0.82	Buy	PER18x FY21
08/18/20	UOB Kay Hian	Thai Beverage	0.635	0.78	Buy	Sum of parts

Stock calls for 14 September 2020

Date	Analyst	Company	Last	Target	Call	Valuation
09/14/20	Phillip	A-Reit	3.27	3.63	Accumulate
09/14/20	Phillip	ART	0.915	1.08	Buy
09/14/20	Phillip	CapitaCommercial	1.68	1.91	Accumulate
09/14/20	Phillip	Capitamall Trust	1.97	2.33	Buy
09/14/20	DIR	Capitamall Trust	1.97	2.65	Buy
09/14/20	phillip	Dasin Retail	0.815	0.91	Accumulate
09/14/20	Kim Eng	DBS	20.51	22.9	Buy
09/14/20	Phillip	Frasers Centrepoint Trust	2.67	2.61	Accumulate
09/14/20	CIMB	Fu Yu	0.24	0.24	Hold	GGM, PB1.1x
09/14/20	CIMB	Ho Bee	2.19	2.7	Add	Up from $2.56
09/14/20	Phillip	Ireit	0.69	0.68	Neutral
09/14/20	Phillip	Keppel DC Reit	2.88	2.57	Neutral
09/14/20	Lim & Tan	Keppel Reit	1.07	1.18	Buy
09/14/20	Phillip	Manulife US Reit	0.755	0.9	Buy
09/14/20	phillip	Prime US Reit	0.8	0.94	Buy
09/14/20	OCBC	Sembcorp Industries	1.18	1.27	Hold	Sum of parts, PB0.75x
09/14/20	CIMB	Singtel	2.25	3.1	Add	Sum of parts
09/14/20	UOB Kay Hian	Starhub	1.16	1.4	Buy	DCF
09/14/20	Kim Eng	Top Glove	2.58	3.14	Buy	Ringgit Target $9.53 (ex-2 for 1 bonus), PER9x FY21

Saturday, September 12, 2020

The US inflation is coming! - Part 3

https://finance.yahoo.com/news/used-cars-drive-u-consumer-134716870.html

US inflation is firming!

We had already projected this earlier below.

http://sg-stock.blogspot.com/2020/09/the-us-inflation-is-coming-part-2.html

http://sg-stock.blogspot.com/2020/08/the-us-resale-car-market-is-being.html

There many market distortions happening in the US now.

* US property market

* US automobile market

* US treasury market

http://sg-stock.blogspot.com/2020/09/different-market-sectors-are-in.html

Baltic dry index - 1267

Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 886

Related stock: Keppel Corp, Sembcorp Marine & Cosco.

Friday, September 11, 2020

Talkmed - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/15/19	DMG & Partners	Talkmed	0.515	0.62	Buy
11/15/19	DMG & Partners	Talkmed	0.505	0.62	Buy	DCF
02/19/20	DMG & Partners	Talkmed	0.515	0.62	Buy	DCF
04/01/20	DMG & Partners	Talkmed	0.43	0.53	Buy	DCF

Suntec Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/02/19	CIMB	Suntec Reit	1.95	2.15	Add	DDM
07/02/19	DBS Vickers	Suntec Reit	1.95	2.2	Buy	DCF
07/04/19	DMG & Partners	Suntec Reit	1.97	1.9	Neutral
07/10/19	UOB Kay Hian	Suntec Reit	1.95	2	Hold	DDM, Buy @ $1.82
07/29/19	DMG & Partners	Suntec Reit	1.92	2.08	Buy	DDM
07/29/19	OCBC	Suntec Reit	1.92	2.07	Hold
07/30/19	UOB Kay Hian	Suntec Reit	1.93	2.02	Hold	Buy @ $1.84
07/30/19	DBS Vickers	Suntec Reit	1.93	2.15	Buy	DCF
08/27/19	UOB Kay Hian	Suntec Reit	1.89	1.96	Hold	Buy @ $1.79
09/11/19	DMG & Partners	Suntec Reit	1.94	2.08	Buy
10/02/19	DMG & Partners	Suntec Reit	1.91	2.08	Buy
10/04/19	DBS Vickers	Suntec Reit	1.9	2.15	Buy
10/24/19	OCBC	Suntec Reit	1.85	2.05	Hold
10/25/19	UOB Kay Hian	Suntec Reit	1.89	1.99	Hold	Buy @ $1.82
12/04/19	DBS Vickers	Suntec Reit	1.83	2.15	Buy
12/10/19	DMG & Partners	Suntec Reit	1.84	2.08	Buy
01/03/20	DMG & Partners	Suntec Reit	1.85	2.08	Buy	DDM
01/24/20	DBS Vickers	Suntec Reit	1.85	2.15	Buy	DCF
01/28/20	OCBC	Suntec Reit	1.86	2.05	Buy
02/25/20	OCBC	Suntec Reit	1.8	2.05	Buy
03/18/20	DBS Vickers	Suntec Reit	1.31	2.15	Buy
03/30/20	DMG & Partners	Suntec Reit	1.33	2.08	Buy
04/03/20	DMG & Partners	Suntec Reit	1.1	1.78	Buy	DDM
04/03/20	OCBC	Suntec Reit	1.1	1.5	Buy
04/03/20	Jefferies	Suntec Reit	1.1	1.25	Hold
04/23/20	CIMB	Suntec Reit	1.29	1.75	Add	DDM
06/08/20	DBS Vickers	Suntec Reit	1.6	1.81	Buy	DCF
06/23/20	DMG & Partners	Suntec Reit	1.45	1.78	Buy
07/01/20	DMG & Partners	Suntec Reit	1.41	1.78	Buy	DDM
07/27/20	OCBC	Suntec Reit	1.39	1.57	Buy
09/03/20	Jefferies	Suntec Reit	1.42	1.7	Buy

Sunpower - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/16/19	UOB Kay Hian	Sunpower	0.44	0.83	Buy
12/06/19	Amfrasers	Sunpower	0.55	0.91	outperform	Sum of parts
12/16/19	DBS Vickers	Sunpower	0.59	0.81	Buy	DCF
03/02/20	UOB Kay Hian	Sunpower	0.525	0.88	Buy	Sum of parts
03/03/20	DBS Vickers	Sunpower	0.53	0.84	Buy
03/10/20	Amfrasers	Sunpower	0.47	0.91	outperform	Sum of parts
04/20/20	DBS Vickers	Sunpower	0.425	0.49	Hold	DCF
05/18/20	Amfrasers	Sunpower	0.43	0.91	Buy	Sum of parts
05/18/20	DBS Vickers	Sunpower	0.43	0.49	Hold	DCF
05/20/20	UOB Kay Hian	Sunpower	0.445	0.88	Buy
08/14/20	DBS Vickers	Sunpower	0.58	0.69	Buy	DCF
08/14/20	UOB Kay Hian	Sunpower	0.58	0.92	Buy	Sum of parts
08/17/20	Amfrasers	Sunpower	0.575	0.91	outperform	Sum of parts

Stock calls for 11 September 2020

Date	Analyst	Company	Last	Target	Call	Valuation
09/11/20	Kim Eng	AEM	3.29	5.05	Buy
09/11/20	DBS Vickers	Jumbo	0.325	0.21	Fully Valued
09/11/20	DBS Vickers	Koufu	0.67	0.77	Buy
09/11/20	DBS Vickers	Lendlease Reit	0.66	0.85	Buy
09/11/20	DBS Vickers	OCBC	8.58	9.3	Hold	GGM, PB0.8x FY21
09/11/20	Lim & Tan	PanUnited	0.29	0.31	Hold	PB1x FY20
09/11/20	UOB Kay Hian	SATS	2.91	3.1	Hold	Buy @ $2.75
09/11/20	DBS Vickers	SPH Reit	0.885	0.8	Hold
09/11/20	UOB Kay Hian	ST Engineering	3.41	3.6	Hold	Buy @ $3.30
09/11/20	DBS Vickers	Starhill	0.455	0.5	Hold
09/11/20	DBS Vickers	UOB	19.39	22.2	Buy	GGM, PB0.9x FY21

Thursday, September 10, 2020

The US inflation is coming! - Part 2

https://finance.yahoo.com/news/druckenmiller-says-inflation-could-reach-121455086.html

A chief strategist has supported my prediction that US inflation is coming!

http://sg-stock.blogspot.com/2020/09/the-us-inflation-is-coming.html

He is saying that US inflation may reach 10% in a few years. A 10% inflation with low or no economic growth is called stagflation and this is something very difficult to resolve.

If you've been reading my blog, you would know that I've been warning about US inflation especially hyperinflation because of the US FED actions.

The devious US is trying to poison all Asians now! - Part 3

http://sg-stock.blogspot.com/2020/09/the-devious-us-is-trying-to-poison-all_8.html

I was using some old records and needed to provide another update.

Insofar, there are 27 countries that approved Ractopamine but there will be 28 countries if Taiwan is included.

Ractopamine is usually fed to the pigs just days before they're slaughtered because this chemical is just not fit for human consumption. However, the pigs reacted adversely to this chemical with just days of consumption.

https://www.foodsafetynews.com/2012/12/fda-petitioned-to-lower-ractopamine-limits-for-meat-review-animal-health-impact/

https://www.nbcnews.com/business/dispute-over-drug-feed-limiting-us-meat-exports-174014?streamSlug=businessmain

It is very difficult for Singapore to ban Ractopamine because it will be kicked out of CPTPP.

Sunningdale - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/07/19	UOB Kay Hian	Sunningdale	1.28	1.01	Sell
11/08/19	UOB Kay Hian	Sunningdale	1.27	1.13	Hold	PER12.3x FY20, Buy @ $1.05
12/13/19	Lim & Tan	Sunningdale	1.28	0	Buy
12/13/19	CIMB	Sunningdale	1.28	1.14	Reduce
03/02/20	UOB Kay Hian	Sunningdale	1.21	1.06	Hold	Buy @ $1
03/04/20	CIMB	Sunningdale	1.2	1.1	Hold
03/20/20	Lim & Tan	Sunningdale	0.82	0	Buy
04/09/20	CIMB	Sunningdale	0.875	1.09	Add
05/08/20	UOB Kay Hian	Sunningdale	0.98	1.02	Hold	PB0.54x FY20, Buy @ $0.90
05/08/20	CIMB	Sunningdale	0.98	0.917	Hold
05/11/20	Lim & Tan	Sunningdale	1	0	Hold
08/11/20	Lim & Tan	Sunningdale	1.18	0	Buy
09/10/20	Lim & Tan	Sunningdale	1.25	0	Buy