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Tuesday, June 19, 2018

North Korean Kim is back in China again!

https://sg.news.yahoo.com/china-says-north-korean-leader-kim-jong-un-022856010.html

This Kim visit is neither about returning the plane to China nor thanking China.  It is about getting support from China again.

Keppel KBS - Stock calls


Date Analyst Company Last Target Call Valuation
01/15/18 DBS Vickers Keppel KBS 0.905 0.95 Buy DCF
04/19/18 DBS Vickers Keppel KBS 0.885 0.95 Buy

Keppel Infrastructure - Stock calls


Date Analyst Company Last Target Call Valuation
01/24/17 DBS Vickers Keppel Infrastructure 0.495 0.56 Buy DCF
01/24/17 UOB Kay Hian Keppel Infrastructure 0.495 0.54 Hold Buy below $0.475
04/07/17 Credit Suisse Keppel Infrastructure 0.525 0.57 Outperform
04/18/17 DBS Vickers Keppel Infrastructure 0.53 0.56 Buy DCF
07/19/17 Credit Suisse Keppel Infrastructure 0.565 0.57 Neutral
07/19/17 DBS Vickers Keppel Infrastructure 0.565 0.6 Buy DDM
10/17/17 DBS Vickers Keppel Infrastructure 0.55 0.6 Buy DDM
01/23/18 UOB Kay Hian Keppel Infrastructure 0.585 0.61 Buy
01/24/18 DBS Vickers Keppel Infrastructure 0.58 0.6 Buy DDM
04/18/18 DBS Vickers Keppel Infrastructure 0.545 0.6 Buy DDM

Stock calls for 19 June 2018


Date Analyst Company Last Target Call Valuation
06/19/18 DBS Vickers AIMS AMP Cap Ind Reit 1.38 1.55 Buy DCF
06/19/18 Kim Eng City Developments 11.22 14.2 Buy
06/19/18 CIMB City Developments 11.22 13.41 Add
06/19/18 Kim Eng Guocoland 2.07 3 Buy
06/19/18 UOB Kay Hian SIA 11.2 11.9 Hold PB0.95x, Buy @ $10.9
06/19/18 DBS Vickers Singtel 3.19 3.7 Buy Sum of parts
06/19/18 Kim Eng Singtel 3.19 3.57 Hold
06/19/18 OCBC Starhill 0.66 0.65 Hold

Anti-Singapore sentiment is brewing in Malaysia after Mahathir became PM.

https://www.thestar.com.my/business/business-news/2018/06/19/guan-eng-lets-give-singapore-some-competition/

When the head of a nation is anti-Singapore, the rest of the ministers will follow.

US-China trade war is back! - Part 2

Trump has decided to impose a further 10% tariffs against $200b of China imports after the first salvo of $50b.

China will not back down but retaliate against the additional tariffs.  Trump has underestimated China's strong resolution and capabilities and this trade war will end very badly for the USA.

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

Foreigners are dumping US treasuries!

https://www.cnbc.com/2018/06/18/russia-cuts-treasury-holdings-in-half-as-foreigners-start-losing-appetite-for-us-debt.html?__source=yahoo%7Cfinance%7Cheadline%7Cstory%7C&par=yahoo&yptr=yahoo

If the trend of dumping US treasuries continues, the US interest rates will need to rise sharply to retain current investors and attract new investors.

The foreigners are losing faith and confidence in the USA's resiliency.

It is a fact that the USA is unable to repay its national debt of US$21T and this awakening is starting to unfold now.

Monday, June 18, 2018

The KL-SG HSR is terminated officially but the Malaysia government doesn't want to admit it.

https://www.thestar.com.my/business/business-news/2018/06/18/hsr-alternative-for-only-rm20bil/

The Malaysian government said that the KL-SG HSR was postponed but not terminated in its latest statement.  If the KL-SG HSR is not terminated or scrapped, the project specifications will still be the same if this is executed in the future.  However, the Malaysian government is trying to propose a different system on its existing railway.  This is definitely not the same HSR system.

The Malaysian government is trying to avoid paying the $500m ringgit termination fee to SG by tweaking the project specifications.  What's the point for SG to build a HSR for 15km in SG whilst the Malaysian government is using a different system for its 335km?

http://sg-stock.blogspot.com/2018/06/mahathir-is-so-sly-and-flip-flop-to.html

I already knew Mahathir won't go easy on SG and would continue to skin SG alive.

Singapore NODX increased 15.5% in May 2018

http://www.xinhuanet.com/english/2018-06/18/c_137261824.htm


Year on year changes (YOY):
May 2018: 15.5%
April 2018: 11.8%
March 2018: -2.7%
February 2018: -5.9%
January 2018: 13%
December 2017: 3.1%
November 2017: 9.1%
October 2017: 20.9%
September 2017: -1.1%
August 2017: 16.7%
July 2017: 8.5%
June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%

Keppel DC Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/17 CIMB Keppel DC Reit 1.23 1.18 Hold DDM
01/09/17 DBS Vickers Keppel DC Reit 1.23 1.33 Buy DCF
01/09/17 Deutsche Keppel DC Reit 1.23 1.2 Hold
01/24/17 CIMB Keppel DC Reit 1.215 1.21 Hold DDM
01/24/17 Lim & Tan Keppel DC Reit 1.215 0 Hold
01/24/17 OCBC Keppel DC Reit 1.215 1.39 Buy
01/25/17 Credit Suisse Keppel DC Reit 1.205 1.31 Outperform
01/25/17 DBS Vickers Keppel DC Reit 1.205 1.3 Buy DCF
01/25/17 Phillip Keppel DC Reit 1.205 1.15 Hold DDM, PB1.21x FY17
02/17/17 JP Morgan Keppel DC Reit 1.165 1.25 Overweight
02/20/17 Phillip Keppel DC Reit 1.175 1.15 Neutral
02/28/17 Deutsche Keppel DC Reit 1.165 1.2 Hold
03/01/17 CIMB Keppel DC Reit 1.18 1.21 Add DDM
03/06/17 OCBC Keppel DC Reit 1.165 1.39 Buy
03/17/17 DBS Vickers Keppel DC Reit 1.195 1.3 Buy
04/03/17 OCBC Keppel DC Reit 1.2 1.39 Buy
04/07/17 Lim & Tan Keppel DC Reit 1.215 0 Buy
04/18/17 CIMB Keppel DC Reit 1.225 1.26 Add DDM
04/18/17 Credit Suisse Keppel DC Reit 1.225 1.31 Outperform
04/18/17 Lim & Tan Keppel DC Reit 1.225 0 Hold
04/18/17 Phillip Keppel DC Reit 1.225 1.15 Neutral DDM
05/08/17 Phillip Keppel DC Reit 1.24 1.15 Neutral
05/18/17 DBS Vickers Keppel DC Reit 1.23 1.3 Buy
05/29/17 OCBC Keppel DC Reit 1.28 1.39 Buy
06/22/17 Deutsche Keppel DC Reit 1.26 1.2 Hold
07/18/17 Phillip Keppel DC Reit 1.32 1.28 Hold DDM, PB1.35x FY17
07/18/17 Credit Suisse Keppel DC Reit 1.32 1.47 Outperform
07/18/17 OCBC Keppel DC Reit 1.32 1.39 Buy DDM
07/18/17 CIMB Keppel DC Reit 1.32 1.28 Hold DDM
07/19/17 DBS Vickers Keppel DC Reit 1.33 1.4 Buy
08/18/17 Phillip Keppel DC Reit 1.275 1.28 Neutral DDM, PB1.35x FY17
08/22/17 OCBC Keppel DC Reit 1.285 1.39 Buy
09/04/17 CIMB Keppel DC Reit 1.285 1.28 Hold
09/13/17 DBS Vickers Keppel DC Reit 1.295 1.44 Buy
09/14/17 Phillip Keppel DC Reit 1.29 1.31 Neutral DDM, PB1.37x FY17
09/14/17 Lim & Tan Keppel DC Reit 1.29 0 Hold
09/26/17 CIMB Keppel DC Reit 1.305 1.36 Add
10/17/17 Phillip Keppel DC Reit 1.35 1.36 Neutral DDM, PB1.42x FY17
10/17/17 OCBC Keppel DC Reit 1.35 1.39 Buy
10/17/17 Lim & Tan Keppel DC Reit 1.35 0 Hold
10/17/17 CIMB Keppel DC Reit 1.35 1.37 Hold
10/19/17 DBS Vickers Keppel DC Reit 1.345 1.44 Buy DCF
11/20/17 OCBC Keppel DC Reit 1.4 1.5 Buy PB1.47x FY18
01/23/18 OCBC Keppel DC Reit 1.47 1.51 Hold
01/23/18 Lim & Tan Keppel DC Reit 1.47 0 Hold
01/23/18 CIMB Keppel DC Reit 1.47 1.44 Hold
01/23/18 DBS Vickers Keppel DC Reit 1.47 1.6 Buy DCF
01/24/18 Phillip Keppel DC Reit 1.46 1.47 Neutral DDM
02/12/18 Phillip Keppel DC Reit 1.34 1.47 Neutral DDM
03/19/18 DBS Vickers Keppel DC Reit 1.4 1.6 Buy
04/03/18 CIMB Keppel DC Reit 1.43 1.52 Add DDM
04/17/18 Phillip Keppel DC Reit 1.46 1.47 Neutral DDM
04/17/18 CIMB Keppel DC Reit 1.46 1.47 Add DDM
04/17/18 OCBC Keppel DC Reit 1.46 1.5 Hold
04/17/18 DBS Vickers Keppel DC Reit 1.46 1.6 Buy
04/17/18 Credit Suisse Keppel DC Reit 1.46 1.56 Outperform
05/08/18 Phillip Keppel DC Reit 1.43 1.51 Accumulate DDM
05/08/18 Deutsche Keppel DC Reit 1.43 1.3 Hold
05/08/18 Credit Suisse Keppel DC Reit 1.43 1.56 Outperform
05/08/18 CIMB Keppel DC Reit 1.43 1.49 Add DDM
05/08/18 OCBC Keppel DC Reit 1.43 1.54 Buy
05/21/18 Phillip Keppel DC Reit 1.36 1.51 Accumulate

Keppel Corp - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 DMG & Partners Keppel Corp 5.79 6.52 Buy Sum of parts
01/05/17 Deutsche Keppel Corp 5.82 5.9 Hold Sum of parts (15% discount)
01/16/17 DIR Keppel Corp 6.12 5.72 Hold
01/25/17 Credit Suisse Keppel Corp 6.36 5 Underperform
01/27/17 CIMB Keppel Corp 6.38 5.21 Reduce RNAV
01/27/17 DIR Keppel Corp 6.38 5.93 Hold Sum of parts (10% discount)
01/27/17 DMG & Partners Keppel Corp 6.38 7.39 Buy Sum of parts, PER10x FY17
01/27/17 Lim & Tan Keppel Corp 6.38 0 Sell Bloomberg consensus $5.79
01/27/17 OCBC Keppel Corp 6.38 6.26 Hold
01/27/17 UOB Kay Hian Keppel Corp 6.38 6.45 Hold Sum of parts, Buy @ $5.90
01/31/17 Amfrasers Keppel Corp 6.27 6.5 Hold Sum of parts
01/31/17 DBS Vickers Keppel Corp 6.27 6 Hold Sum of parts
02/17/17 CLSA Keppel Corp 6.53 7.6 Buy
02/22/17 OCBC Keppel Corp 6.57 7.4 Buy
03/01/17 Credit Suisse Keppel Corp 6.81 8.7 Outperform Sum of parts
03/14/17 DIR Keppel Corp 6.75 6.44 Hold Sum of parts
03/14/17 Deutsche Keppel Corp 6.75 6.4 Hold
03/20/17 DBS Vickers Keppel Corp 6.87 6 Hold Sum of parts, PB0.9x FY17
03/20/17 UOB Kay Hian Keppel Corp 6.87 6.45 Hold Sum of parts, Buy @ $6.10
03/21/17 CIMB Keppel Corp 6.85 7.24 Hold Sum of parts
03/22/17 DMG & Partners Keppel Corp 6.83 7.77 Buy Sum of parts, PER10.6x FY17
03/22/17 OCBC Keppel Corp 6.83 7.4 Buy
03/22/17 UOB Kay Hian Keppel Corp 6.83 6.98 Hold Sum of parts, Buy @ $6.25
04/07/17 Credit Suisse Keppel Corp 6.84 8.7 Outperform
04/11/17 Lim & Tan Keppel Corp 6.96 0 Hold
04/21/17 CIMB Keppel Corp 6.55 7.24 Hold Sum of parts
04/21/17 DIR Keppel Corp 6.55 6.44 Hold Sum of parts (10% discount)
04/21/17 OCBC Keppel Corp 6.55 7.36 Buy PB1.1x
04/21/17 UOB Kay Hian Keppel Corp 6.55 6.55 Hold Sum of parts, Buy @ $5.90
04/24/17 DBS Vickers Keppel Corp 6.56 6 Hold Sum of parts, PB0.9x FY17
04/24/17 DMG & Partners Keppel Corp 6.56 7.56 Buy Sum of parts
04/25/17 Amfrasers Keppel Corp 6.51 7.02 Buy Sum of parts
04/28/17 Macquarie Keppel Corp 6.57 5.8 Neutral
05/24/17 UOB Kay Hian Keppel Corp 6.55 6.55 Hold
05/30/17 DMG & Partners Keppel Corp 6.48 7.55 Buy Sum of parts
06/02/17 OCBC Keppel Corp 6.46 7.36 Buy Sum of parts (10% discount)
06/20/17 UOB Kay Hian Keppel Corp 6.31 6.55 Hold
06/30/17 DMG & Partners Keppel Corp 6.36 7.34 Buy Sum of parts
07/04/17 Credit Suisse Keppel Corp 6.32 8.7 Outperform
07/05/17 DIR Keppel Corp 6.34 6.44 Hold Sum of parts
07/05/17 OCBC Keppel Corp 6.34 7.36 Buy
07/07/17 UOB Kay Hian Keppel Corp 6.4 6.55 Hold Sum of parts, Buy @ $5.90
07/21/17 UOB Kay Hian Keppel Corp 6.53 6.86 Hold Sum of parts, Buy @ $6.20
07/21/17 CIMB Keppel Corp 6.53 7.24 Hold Sum of parts
07/21/17 DIR Keppel Corp 6.53 6.39 Hold Sum of parts
07/21/17 DBS Vickers Keppel Corp 6.53 7.6 Buy Sum of parts, PB1.1x FY17
07/21/17 Lim & Tan Keppel Corp 6.53 0 Hold
07/24/17 Macquarie Keppel Corp 6.58 5.8 Neutral
07/24/17 Amfrasers Keppel Corp 6.58 7.61 Buy Sum of parts
08/01/17 Credit Suisse Keppel Corp 6.41 8.7 Outperform PER12.1x FY17, PB0.9x
08/18/17 Lim & Tan Keppel Corp 6.33 0 Hold
08/18/17 DBS Vickers Keppel Corp 6.33 7.6 Buy Sum of parts
08/25/17 CIMB Keppel Corp 6.36 7.24 Hold Sum of parts
08/25/17 Morgan Stanley Keppel Corp 6.36 6.18 Equal Weight Sum of parts
08/29/17 DMG & Partners Keppel Corp 6.39 7.34 Buy Sum of parts
09/13/17 OCBC Keppel Corp 6.27 7.36 Buy
09/15/17 UOB Kay Hian Keppel Corp 6.29 6.86 Hold
09/20/17 DBS Vickers Keppel Corp 6.38 7.6 Buy Sum of parts
09/20/17 Deutsche Keppel Corp 6.38 7.5 Buy
09/27/17 Credit Suisse Keppel Corp 6.46 8.7 Outperform
10/02/17 UOB Kay Hian Keppel Corp 6.49 6.71 Hold
10/05/17 Lim & Tan Keppel Corp 6.52 0 Buy
10/06/17 OCBC Keppel Corp 6.59 7.36 Buy
10/09/17 DBS Vickers Keppel Corp 6.68 7.6 Buy
10/11/17 Credit Suisse Keppel Corp 6.77 8.7 Outperform Sum of parts
10/13/17 CIMB Keppel Corp 6.79 8.58 Add Sum of parts
10/20/17 OCBC Keppel Corp 7.02 7.73 Buy
10/20/17 Amfrasers Keppel Corp 7.02 7.61 Buy Sum of parts
10/20/17 UOB Kay Hian Keppel Corp 7.02 8.35 Buy Sum of parts
10/20/17 Lim & Tan Keppel Corp 7.02 0 Buy
10/23/17 DMG & Partners Keppel Corp 7.3 7.92 Buy Sum of parts
10/27/17 OCBC Keppel Corp 7.4 8.31 Buy Sum of parts
11/03/17 Morgan Stanley Keppel Corp 7.66 6.18 Equal Weight Sum of parts
11/09/17 UOB Kay Hian Keppel Corp 7.57 8.35 Buy
11/09/17 Deutsche Keppel Corp 7.57 8.6 Buy
11/17/17 CIMB Keppel Corp 7.28 8.58 Add
11/24/17 Lim & Tan Keppel Corp 7.59 0 Buy
11/29/17 OCBC Keppel Corp 7.74 8.41 Buy
12/04/17 Lim & Tan Keppel Corp 7.76 0 Buy
12/08/17 UOB Kay Hian Keppel Corp 7.49 8.98 Buy Sum of parts
12/18/17 Amfrasers Keppel Corp 7.53 8.67 Buy Sum of parts
12/20/17 CIMB Keppel Corp 7.5 8.58 Add Sum of parts
12/26/17 Amfrasers Keppel Corp 7.47 8.04 Buy Sum of parts
12/26/17 OCBC Keppel Corp 7.47 8.12 Buy Sum of parts (10% discount)
12/26/17 Lim & Tan Keppel Corp 7.47 0 Hold
12/27/17 Deutsche Keppel Corp 7.29 8.1 Buy Sum of parts (20% discount)
01/02/18 UOB Kay Hian Keppel Corp 7.35 8.75 Buy Sum of parts
01/02/18 CIMB Keppel Corp 7.35 8.58 Add Sum of parts
01/09/18 DBS Vickers Keppel Corp 7.77 9.8 Buy Sum of parts, PB1.3x FY18
01/10/18 Amfrasers Keppel Corp 7.85 8.04 Buy
01/10/18 Deutsche Keppel Corp 7.85 8.5 Buy
01/22/18 OCBC Keppel Corp 8.25 9.32 Buy
01/23/18 DBS Vickers Keppel Corp 8.29 10.3 Buy Sum of parts, PB1.3x FY18
01/26/18 OCBC Keppel Corp 8.58 9.45 Buy
01/26/18 UOB Kay Hian Keppel Corp 8.58 9.3 Buy Sum of parts
01/26/18 DBS Vickers Keppel Corp 8.58 10.2 Buy
01/26/18 Lim & Tan Keppel Corp 8.58 0 Buy on weakness
01/26/18 CIMB Keppel Corp 8.58 10 Add Sum of parts
02/02/18 Deutsche Keppel Corp 8.7 8.4 Hold
02/07/18 CIMB Keppel Corp 8.19 10 Add
02/13/18 UOB Kay Hian Keppel Corp 7.8 9.3 Buy
02/13/18 DBS Vickers Keppel Corp 7.8 10.2 Buy
03/02/18 UOB Kay Hian Keppel Corp 8.01 9.3 Buy
03/05/18 Credit Suisse Keppel Corp 7.87 10 Outperform
03/05/18 CIMB Keppel Corp 7.87 10 Add Sum of parts
03/05/18 OCBC Keppel Corp 7.87 9.45 Buy
03/06/18 DBS Vickers Keppel Corp 7.63 10.2 Buy Sum of parts
03/12/18 Lim & Tan Keppel Corp 7.73 0 Buy
03/12/18 Amfrasers Keppel Corp 7.73 8.04 Buy
03/21/18 UOB Kay Hian Keppel Corp 7.77 9.1 Buy Sum of parts
03/26/18 Morgan Stanley Keppel Corp 7.72 9.45 Overweight Sum of parts, Up from $9.01
04/03/18 CIMB Keppel Corp 7.8 10 Add Sum of parts
04/03/18 UOB Kay Hian Keppel Corp 7.8 9.1 Buy
04/03/18 DBS Vickers Keppel Corp 7.8 10.2 Buy
04/11/18 OCBC Keppel Corp 7.81 9.45 Buy Sum of parts
04/20/18 UOB Kay Hian Keppel Corp 8.07 9 Buy Sum of parts
04/20/18 Lim & Tan Keppel Corp 8.07 0 Hold
04/23/18 Amfrasers Keppel Corp 8.21 9.43 Buy Sum of parts
05/03/18 UOB Kay Hian Keppel Corp 8.15 9 Buy Sum of parts
05/03/18 OCBC Keppel Corp 8.15 9.4 Buy
05/08/18 Credit Suisse Keppel Corp 8.13 10 Outperform
05/22/18 CIMB Keppel Corp 8.19 10 Add Sum of parts
06/04/18 UOB Kay Hian Keppel Corp 7.65 9 Buy
06/05/18 DBS Vickers Keppel Corp 7.75 10.2 Buy

Stock calls for 18 June 2018


Date Analyst Company Last Target Call Valuation
06/18/18 DBS Vickers APAC Realty 0.815 1.22 Buy DCF
06/18/18 NRA Asian Healthcare 0.27 0.355 Not Rated PER24.2x FY19, EV/Ebitda16.18x FY19, Mid-point of target $0.33-$0.38
06/18/18 OCBC Far East Hospitality 0.67 0.735 Buy
06/18/18 Lim & Tan Ho Bee 2.37 0 Buy
06/18/18 OCBC Hotel Properties 3.73 4.74 Buy
06/18/18 CIMB Singtel 3.19 3.9 Add

Bank for International Settlement has issued an opinion on Crypto.

https://www.bloombergquint.com/markets/2018/06/17/bitcoin-could-break-the-internet-central-banks-overseer-says

https://sg.news.yahoo.com/bigger-cryptocurrencies-worse-perform-bis-161234718--sector.html

First of all, BIS is the central bank of all central banks.  Therefore, its opinion is highly valued and followed by other central banks.

The latest opinion on decentralized crypto is definitely negative for the Crypto industry.

Saturday, June 16, 2018

Canada is leading the pack to boycott US goods.

https://www.channelnewsasia.com/news/business/at-odds-with-trump-over-trade--canadians-say-they-will-avoid-us-goods--poll-10437876

Kudos to Canada!

Let's support Canada's move and boycott US goods to show Trump that "America First" policy won't work.  The world will show Trump that "America First" will become "America Last".

Bike sharing business concept is not working in Singapore anymore.

http://theindependent.sg/bike-sharing-companies-might-have-to-cycle-out-of-singapore-markets-due-to-new-legislation/

We've stated before that this kind of business concept is flawed and won't be sustainable.  Therefore, we're not surprised that they're downsizing and getting out of SG.

https://sg-stock.blogspot.com/2017/08/shared-bikes-business-model-is-flawed.html

The stock market will start in the red next week.

https://finance.yahoo.com/news/latest-china-says-retaliate-us-tariffs-080311519--finance.html

The stock market will start in the red next week because of the USA waging a trade war with China.

There is no way for China not to take retaliatory actions against the USA because of national pride and interest.  If Trump thinks that the USA will win this trade war, he is dead wrong because the Chinese citizens have deeper pockets than US citizens and can last longer than the Americans.  Furthermore,  Trump has an election coming up but President Xi doesn't have an election in China.  Therefore, President Xi has no political pressure to cave in to Trump.

Baltic dry index - 1445

Today, Friday, June 15 2018, the Baltic Dry Index climbed by 12 points, reaching 1445 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 - 1059

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 1,059.
At this time a year ago there were 933 active rigs.
Houston oilfield services company Baker Hughes reported Friday that 863 rigs drilled for oil this week and 194 for gas. Two were listed as miscellaneous.
Among major oil- and gas-producing states, New Mexico and North Dakota each added three rigs and Louisiana gained one.
Texas lost four rigs, Alaska declined by two and ColoradoOhioPennsylvania and West Virginia each lost one.
ArkansasCaliforniaOklahomaUtah and Wyoming were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
====================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Friday, June 15, 2018

US-China trade war is back!

https://sg.finance.yahoo.com/news/trump-meet-top-trade-advisers-activation-china-tariffs-215136078--business.html

Trump is reactivating his US-China trade war after settling Kim in Singapore.

China has stated clearly that it is ready for the trade war.  Let's see how this will pan out.

OPEC will face a formidable nemesis in the future.

https://finance.yahoo.com/news/india-china-look-form-oil-220000529.html

It is a great news for all oil-importing countries because India & China will form an "Oil buyers' club" to negotiate with OPEC.

OPEC has been imposing discriminating pricing strategy on Asian countries with ASIAN PREMIUM measure because we have no bargaining power.  In the future, we can say NO to OPEC's pricing with this new club's prowess.

Kudos to India & China for making Asia a more competitive region.

Thursday, June 14, 2018

K1 Ventures - Stock calls


Date Analyst Company Last Target Call Valuation
03/15/17 DMG & Partners K1 Ventures 0.835 0 Take Profit

Jumbo - Stock calls


Date Analyst Company Last Target Call Valuation
02/14/17 UOB Kay Hian Jumbo 0.725 0.65 Hold DCF
02/15/17 DBS Vickers Jumbo 0.715 0.72 Hold PER23x FY17
02/15/17 Kim Eng Jumbo 0.715 0.75 Hold DCF
03/27/17 Lim & Tan Jumbo 0.705 0 Hold
03/28/17 UOB Kay Hian Jumbo 0.695 0.67 Hold DCF, Buy @ $0.61
05/16/17 DBS Vickers Jumbo 0.655 0.72 Hold PER23x FY17/18
05/16/17 Kim Eng Jumbo 0.655 0.66 Hold DCF
05/16/17 UOB Kay Hian Jumbo 0.655 0.64 Hold DCF, Buy @ $0.58
08/10/17 DBS Vickers Jumbo 0.59 0.67 Hold PER23x FY18
08/11/17 UOB Kay Hian Jumbo 0.56 0.6 Hold DCF, Buy @ $0.54
11/27/17 DBS Vickers Jumbo 0.58 0.61 Hold PER23x FY18
11/27/17 Lim & Tan Jumbo 0.58 0 Neutral
11/28/17 UOB Kay Hian Jumbo 0.565 0.6 Hold DCF, Buy @ $0.54
12/13/17 DBS Vickers Jumbo 0.585 0.7 Buy DCF
12/13/17 Kim Eng Jumbo 0.585 0.7 Buy DCF
01/04/18 Kim Eng Jumbo 0.59 0.7 Buy DCF, PER26x FY18
02/15/18 Kim Eng Jumbo 0.57 0.7 Buy DCF, PER26x FY18
02/15/18 DBS Vickers Jumbo 0.57 0.58 Hold PER23x FY18
02/19/18 UOB Kay Hian Jumbo 0.575 0.59 Hold DCF, Buy @ $0.53
03/12/18 Kim Eng Jumbo 0.55 0.7 Buy DCF
05/15/18 DBS Vickers Jumbo 0.56 0.58 Hold PER23x FY18/19
05/16/18 UOB Kay Hian Jumbo 0.54 0.53 Hold DCF, Buy @ $0.48

Stock calls for 14 June 2018


Date Analyst Company Last Target Call Valuation
06/14/18 DBS Vickers China Everbright 0.41 0.65 Buy
06/14/18 CIMB Religare Health Trust 0.765 0.81 Hold DDM
06/14/18 OCBC SATS 5.06 5.5 Buy