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Wednesday, June 30, 2010

Rotary - Analysts love this stock.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/19/10 CIMB Rotary 1.15 1.66 Outperform
05/07/10 CIMB Rotary 0.99 1.63 Outperform PER11x
05/18/10 CIMB Rotary 1.03 1.63 Outperform

03/24/10 OCBC Rotary 1.02 1.44 Buy
05/10/10 OCBC Rotary 1.01 1.53 Buy
05/31/10 OCBC Rotary 0.895 1.53 Buy

PEC - Buy calls!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

06/29/10 CIMB PEC 0.74 1.22 Outperform PER8.5x

01/07/10 DBS Vickers PEC 0.785 1 Buy Sum of parts
02/09/10 DBS Vickers PEC 0.71 1.06 Buy Sum of parts
05/12/10 DBS Vickers PEC 0.745 1.28 Buy PER12x

Tuesday, June 29, 2010

Koda - OCBC loves this furniture company

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/11/10 OCBC Koda 0.22 0.295 Buy NTA1x
03/15/10 OCBC Koda 0.215 0.295 Buy
05/13/10 OCBC Koda 0.23 0.3 Buy

Longcheer - Buy calls from analysts!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/10/10 DMG & Partners Longcheer 0.54 0.66 Buy PER7.9x
05/11/10 DMG & Partners Longcheer 0.64 0.66 Buy Under Review
05/12/10 DMG & Partners Longcheer 0.65 0.85 Buy PER8.4x

02/09/10 Lim & Tan Longcheer 0.5 0 Buy
02/17/10 Lim & Tan Longcheer 0.55 0 Buy
03/09/10 Lim & Tan Longcheer 0.575 0 Buy
03/17/10 Lim & Tan Longcheer 0.63 0 Buy
03/24/10 Lim & Tan Longcheer 0.635 0 Buy
04/06/10 Lim & Tan Longcheer 0.685 0 Buy
04/27/10 Lim & Tan Longcheer 0.765 0 Buy
05/11/10 Lim & Tan Longcheer 0.64 0 Buy
05/21/10 Lim & Tan Longcheer 0.68 0 Buy

Monday, June 28, 2010

China Animal - Analysts like animals

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/10/10 AmFraser China Animal 0.24 0.32 Buy
05/10/10 AmFraser China Animal 0.28 0.39 Buy

01/08/10 DBS Vickers China Animal 0.26 0.29 Buy
01/21/10 DBS Vickers China Animal 0.28 0.4 Buy PER12x
02/09/10 DBS Vickers China Animal 0.24 0.33 Buy PER12x
04/16/10 DBS Vickers China Animal 0.33 0.4 Buy PER15x
05/07/10 DBS Vickers China Animal 0.3 0.4 Buy PER10x

Capitamalls Asia - Is this a good asia reit?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/14/10 CIMB Capitamalls Asia 2.29 2.34 Underperform RNAV
04/16/10 CIMB Capitamalls Asia 2.27 2.34 Underperform
05/10/10 CIMB Capitamalls Asia 1.97 2.34 Underperform
05/18/10 CIMB Capitamalls Asia 2.14 2.34 Underperform

04/14/10 DBS Vickers Capitamalls Asia 2.29 2.51 Buy RNAV (10% premium)
06/14/10 DBS Vickers Capitamalls Asia 2.1 2.51 Buy RNAV (10% premium)

06/21/10 OCBC Capitamalls Asia 2.16 2.4 Buy RNAV

Sunday, June 27, 2010

Pacific Shipping - Loved by DBS Vickers but disliked by OCBC

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/04/10 DBS Vickers Pacific Shipping 0.27 0.22 Fully Valued
01/22/10 DBS Vickers Pacific Shipping 0.28 0.3 Hold 10% Yield
04/26/10 DBS Vickers Pacific Shipping 0.305 0.37 Buy 9% Yield

01/21/10 OCBC Pacific Shipping 0.275 0.23 Hold FCFE Model (30% discount)
03/19/10 OCBC Pacific Shipping 0.28 0.23 Hold
04/16/10 OCBC Pacific Shipping 0.3 0.23 Hold
04/23/10 OCBC Pacific Shipping 0.3 0.29 Hold FCFE Model (20% discount)
05/19/10 OCBC Pacific Shipping 0.28 0.29 Hold

Saturday, June 26, 2010

Cerebos - A great chicken essence stock!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/09/10 CIMB Cerebos 3.72 5.16 Outperform Sum of parts
05/11/10 CIMB Cerebos 3.72 5.34 Outperform Sum of parts
05/18/10 CIMB Cerebos 3.94 5.34 Outperform
05/18/10 CIMB Cerebos 4.02 5.34 Outperform
06/01/10 CIMB Cerebos 3.91 5.34 Outperform Sum of parts

Friday, June 25, 2010

Genting vs Marina Bay Sands

Extracted news:

"Our estimate is that Marina Bay Sands, because of the customer profile, its position geographically in Singapore and its size and breadth of the facility, they are going to capture 60 per cent of the market," said Jonathan Galaviz, managing partner of Galaviz & Co.

End news

Genting will only garner about 40% of the market share in Singapore compared to MBS of 60%. The suprising stronghold of genting share price will not hold as it is artificially being held up. It is speculated that the share price is being propped up for fund raising.  Let's see if genting will issue more rights or warrants by end of this year.

C&O Pharm - Analysts love this stock!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/12/10 DMG & Partners C&O Pharm 0.29 0.36 Buy PER11x
04/06/10 DMG & Partners C&O Pharm 0.42 0.5 Buy PER12x
04/07/10 DMG & Partners C&O Pharm 0.41 0.5 Buy PER12x
04/12/10 DMG & Partners C&O Pharm 0.43 0.5 Buy PER12x

05/12/10 Lim & Tan C&O Pharm 0.41 0 Buy

05/05/10 phillip C&O Pharm 0.39 0.53 Outperform DCF
05/12/10 phillip C&O Pharm 0.41 0.53 Buy

Bukit Sembawang - Buy for CIMB, Hold for DBS Vickers

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/17/10 CIMB Bukit Sembawang 4.6 5.64 Outperform RNAV (25% discount)
04/16/10 CIMB Bukit Sembawang 4.93 5.64 Outperform
05/10/10 CIMB Bukit Sembawang 4.57 5.64 Outperform
05/18/10 CIMB Bukit Sembawang 4.73 5.64 Outperform
06/14/10 CIMB Bukit Sembawang 4.55 5.59 Outperform

01/04/10 DBS Vickers Bukit Sembawang 4.9 5.94 Buy
02/17/10 DBS Vickers Bukit Sembawang 4.6 6.07 Buy RNAV (30% discount)
03/08/10 DBS Vickers Bukit Sembawang 4.6 5.2 Hold
05/24/10 DBS Vickers Bukit Sembawang 4.6 5.25 Buy RNAV (40% discount)
06/16/10 DBS Vickers Bukit Sembawang 4.56 5.25 Hold

Thursday, June 24, 2010

Cambridge Industrial - A good reit?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/28/10 DBS Vickers Cambridge Industrial 0.45 0.54 Buy DCF
04/22/10 DBS Vickers Cambridge Industrial 0.51 0.54 Buy

01/28/10 DMG & Partners Cambridge Industrial 0.45 0.64 Buy DDM, Div Yield 8.5%
04/23/10 DMG & Partners Cambridge Industrial 0.505 0.64 Buy

01/29/10 phillip Cambridge Industrial 0.465 0.48 Hold Div Yield 9%
04/23/10 phillip Cambridge Industrial 0.505 0.51 Hold

CNA - DMG loves this stock, not the channelnewsasia.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/18/10 DMG & Partners C N A 0.375 0.57 Buy PER8.2x
04/01/10 DMG & Partners C N A 0.295 0.46 Buy PER6.6x
05/17/10 DMG & Partners C N A 0.275 0.46 Buy PER6.6x

Wednesday, June 23, 2010

Broadway - All analysts called for a BUY!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/11/10 CIMB Broadway 0.88 1.67 Outperform
04/28/10 CIMB Broadway 1.06 1.67 Outperform PER8x

02/24/10 DBS Vickers Broadway 0.855 1.28 Buy PER7x
04/15/10 DBS Vickers Broadway 1.05 1.28 Buy

01/08/10 DMG & Partners Broadway 0.64 1.01 Buy PER6.5x
02/24/10 DMG & Partners Broadway 0.855 1.16 Buy PER6.1x
04/28/10 DMG & Partners Broadway 1.06 1.46 Buy PER6.9x
06/15/10 DMG & Partners Broadway 1.1 1.46 Buy

02/24/10 Lim & Tan Broadway 0.855 0 Buy
04/28/10 Lim & Tan Broadway 1.06 0 Buy

Ausgroup - Nobody likes this stock!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/08/10 CIMB Ausgroup 0.62 0.96 Outperform PER13x
05/13/10 CIMB Ausgroup 0.54 0.61 Neutral PER11x
05/14/10 CIMB Ausgroup 0.54 0.61 Neutral
05/18/10 CIMB Ausgroup 0.54 0.61 Neutral
05/31/10 CIMB Ausgroup 0.46 0.61 Neutral

01/14/10 OCBC Ausgroup 0.685 0.78 Buy PER12x
02/12/10 OCBC Ausgroup 0.56 0.6 Hold PER11x
03/31/10 OCBC Ausgroup 0.6 0.6 Hold
05/05/10 OCBC Ausgroup 0.58 0.43 Sell PER11x
06/04/10 OCBC Ausgroup 0.465 0.43 Hold PER11x

Tuesday, June 22, 2010

Asia Environment - A lousy stock?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/04/10 DBS Vickers Asia Environment 0.31 0.47 Buy
02/04/10 DBS Vickers Asia Environment 0.29 0.23 Fully Valued PER8x
03/02/10 DBS Vickers Asia Environment 0.225 0.2 Fully Valued PER8x
05/10/10 DBS Vickers Asia Environment 0.16 0.15 Fully Valued PER8x

ART - An "ART" that is loved by all analysts

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/25/10 CIMB ART 1.25 1.35 Neutral
05/03/10 CIMB ART 1.2 1.35 Outperform DDM
05/03/10 CIMB ART 1.2 1.35 Outperform DDM
05/18/10 CIMB ART 1.16 1.35 Outperform

01/04/10 DBS Vickers ART 1.13 1.32 Buy
01/25/10 DBS Vickers ART 1.29 1.46 Buy
02/22/10 DBS Vickers ART 1.13 1.46 Buy
03/08/10 DBS Vickers ART 1.23 1.46 Buy
04/30/10 DBS Vickers ART 1.17 1.46 Buy

06/16/10 Kim Eng ART 1.12 1.35 Buy DDM, Div Yield 7%

01/21/10 Lim & Tan ART 1.33 0 Buy

01/04/10 OCBC ART 1.2 1.25 Buy
02/02/10 OCBC ART 1.14 1.38 Buy
03/04/10 OCBC ART 1.17 1.38 Buy
04/14/10 OCBC ART 1.25 1.38 Buy
04/30/10 OCBC ART 1.17 1.32 Buy
05/12/10 OCBC ART 1.15 1.32 Buy

Monday, June 21, 2010

ARA Asset Management - A good choice?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/16/10 CIMB ARA Asset Management 1.14 1.36 Trading Buy Sum of parts
05/06/10 CIMB ARA Asset Management 0.92 1.36 Outperform Sum of parts

06/02/10 DBS Vickers ARA Asset Management 0.935 1.11 Buy Sum of parts

Mermaid Maritime - Is this stock really a mermaid?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/21/10 CIMB Mermaid 0.73 1 Outperform PER12x
05/14/10 CIMB Mermaid 0.67 1 Outperform
05/17/10 CIMB Mermaid 0.67 0.73 Trading Sell PER12x
05/31/10 CIMB Mermaid 0.48 0.73 Trading Buy
06/08/10 CIMB Mermaid 0.53 0.73 Trading Sell

01/04/10 DBS Vickers Mermaid 0.83 1.11 Buy
02/17/10 DBS Vickers Mermaid 0.64 1.03 Buy
05/07/10 DBS Vickers Mermaid 0.68 0.64 Fully Valued Blended PER 9X & PER12x
05/17/10 DBS Vickers Mermaid 0.67 0.53 Fully Valued PER9x & 12x

Saturday, June 19, 2010

Is US benefitting from the EU crisis? US Dow Jones chart reveals it all.

The charted above dated 19/06/10 clearly shows that US stock market benefitted from the EU crisis whereby there's a huge capital inflow of funds into the stock market based on the average trading volume.  This usually is a precusor of future trend which can be seen that Dow Jones had rebounded from the doldrum 2 weeks ago.

However, if the reversal happens, that is, a declining trading volume or an outflow of funds, then it is better to sell before this mini rally ends.

Kingboard Copper Foil - CIMB supports this strongly.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/11/10 CIMB Kingboard Copper foil 0.31 0.48 Outperform
04/29/10 CIMB Kingboard Copper foil 0.3 0.49 Outperform PB0.7x

Nera Telecommunication

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/12/10 DMG & Partners Nera Tel 0.34 0.36 Neutral PER10.9x
04/21/10 DMG & Partners Nera Tel 0.385 0.36 Neutral PER11.5x

02/11/10 Lim & Tan Nera Tel 0.335 0 Buy

Friday, June 18, 2010

Stats Chippac - Lim & Tan strongly supports this stock.

Date/Research House/Stocks/Last Done/Target Price/Call/Valuation Method

01/05/10 Lim & Tan Stats Chippac 1.09 0 Buy
04/28/10 Lim & Tan Stats Chippac 1.15 0 Buy
05/24/10 Lim & Tan Stats Chippac 0.97 0 Buy
06/09/10 Lim & Tan Stats Chippac 1.07 0 Buy
06/14/10 Lim & Tan Stats Chippac 1.08 0 Buy
06/16/10 Lim & Tan Stats Chippac 1.07 0 Buy
06/18/10 Lim & Tan Stats Chippac 1.08 0 Buy

Swing Media - DMG strongly supports this!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/14/10 DMG & Partners Swing Media 0.065 0.105 Buy PB0.7x
03/11/10 DMG & Partners Swing Media 0.06 0.105 Buy PB0.7x
03/17/10 DMG & Partners Swing Media 0.065 0.105 Buy
04/07/10 DMG & Partners Swing Media 0.065 0.105 Buy PB1.1x
04/12/10 DMG & Partners Swing Media 0.07 0.105 Buy PB1.1x

Thursday, June 17, 2010

Karin - OCBC supports this stock.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/12/10 OCBC Karin 0.215 0.28 Buy PER8x
02/11/10 OCBC Karin 0.225 0.28 Buy PER8x
06/17/10 OCBC Karin 0.22 0.28 Buy

Allgreen - Is it greener?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/26/10 AmFraser Allgreen 1.12 1.4 Buy RNAV
04/30/10 AmFraser Allgreen 1.23 1.45 Buy RNAV

01/11/10 CIMB Allgreen 1.29 1.57 Outperform RNAV
02/02/10 CIMB Allgreen 1.15 1.57 Outperform
03/30/10 CIMB Allgreen 1.2 1.67 Outperform RNAV
04/16/10 CIMB Allgreen 1.28 1.67 Outperform
04/29/10 CIMB Allgreen 1.23 1.67 Outperform RNAV
05/10/10 CIMB Allgreen 1.12 1.67 Outperform
05/18/10 CIMB Allgreen 1.14 1.67 Outperform
06/14/10 CIMB Allgreen 1.05 1.16 Neutral RNAV (25% discount)

02/26/10 DBS Vickers Allgreen 1.12 1.27 Hold RNAV (25% discount)
03/08/10 DBS Vickers Allgreen 1.15 1.27 Hold
04/23/10 DBS Vickers Allgreen 1.24 1.3 Hold
06/16/10 DBS Vickers Allgreen 1.06 1.32 Hold

Wednesday, June 16, 2010

Thomson Medical - The time that we like to see doctor!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/12/10 AmFraser Thomson Medical 0.7 0.77 Accumulate

01/12/10 DMG & Partners Thomson Medical 0.7 0.78 Buy PER16x
04/09/10 DMG & Partners Thomson Medical 0.695 0.78 Buy
04/13/10 DMG & Partners Thomson Medical 0.705 0.78 Buy PER16x

Wee Hur - Phillip is a strong supporter of this stock

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/12/10 phillip Wee Hur 0.485 0.66 Buy PER11x
03/24/10 phillip Wee Hur 0.545 0.68 Buy PER11x
05/14/10 phillip Wee Hur 0.505 0.62 Buy PER11x

Tuesday, June 15, 2010

Petra foods - Food for thought?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/25/10 CIMB Petra Foods 1.05 1.27 Outperform PER12x
05/13/10 CIMB Petra Foods 1.08 1.27 Outperform PER12x
05/18/10 CIMB Petra Foods 1.16 1.27 Outperform
06/10/10 CIMB Petra Foods 1.2 1.27 Neutral PER13x

01/04/10 DBS Vickers Petra Foods 1.1 0.94 Hold
05/14/10 DBS Vickers Petra Foods 1.15 1.41 Buy PER13x

Synear - Only Lim & Tan supports this stock.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

11/05/09 CIMB Synear 0.3 0.22 Underperform PER7.8x

11/05/09 Lim & Tan Synear 0.295 0 Buy
05/06/10 Lim & Tan Synear 0.285 0 Buy

Monday, June 14, 2010

Stamford Land - Lim & Tan is a strong supporter for this property counter.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/22/10 Lim & Tan Stamford Land 0.43 0 Buy
02/10/10 Lim & Tan Stamford Land 0.405 0 Buy
03/22/10 Lim & Tan Stamford Land 0.43 0 Buy
03/30/10 Lim & Tan Stamford Land 0.475 0 Buy
04/29/10 Lim & Tan Stamford Land 0.52 0 Buy

Marco Polo Marine - DMG is a strong supporter of this stock.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/13/10 DMG & Partners Marco Polo 0.57 0.745 Buy PER11x
02/10/10 DMG & Partners Marco Polo 0.475 0.69 Buy PEG0.72x
04/06/10 DMG & Partners Marco Polo 0.465 0.69 Buy
04/08/10 DMG & Partners Marco Polo 0.47 0.69 Buy PER12x
04/12/10 DMG & Partners Marco Polo 0.47 0.69 Buy PER12x
04/23/10 DMG & Partners Marco Polo 0.45 0.69 Buy
05/03/10 DMG & Partners Marco Polo 0.45 0.69 Buy
05/13/10 DMG & Partners Marco Polo 0.445 0.515 Buy PEG0.46x

Saturday, June 12, 2010

Yongnam - CIMB loves this stock very much!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation method

03/01/10 CIMB Yongnam 0.26 0.46 Outperform PER10x
03/15/10 CIMB Yongnam 0.27 0.46 Outperform PER10x
03/24/10 CIMB Yongnam 0.26 0.46 Outperform PER10x
04/01/10 CIMB Yongnam 0.27 0.46 Outperform PER10x
05/17/10 CIMB Yongnam 0.25 0.46 Outperform PER10x

Friday, June 11, 2010

STI - Straits Time Index

The chart above dated 11/06/10 is showing that the average trading volumes have been declining for the past 1 month.  This is most likely caused by the declining euro which instills fears into investors.  The declining volumes are most likely to continue further due to World Cup.  Therefore, STI's recent rise is not sustainable.

Singapore Post - How to survive in a world of declining post mails?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/01/10 CIMB Singapore Post 1.01 1.11 Neutral DDM
05/18/10 CIMB Singapore Post 1.14 1.13 Neutral

01/05/10 DBS Vickers Singapore Post 1.02 1.05 Hold Div Yield 6% PER13.5x
02/01/10 DBS Vickers Singapore Post 1.01 1.05 Hold
03/25/10 DBS Vickers Singapore Post 1.08 1.05 Hold 6% yield
05/03/10 DBS Vickers Singapore Post 1.09 1.05 Hold 6% Yield

02/01/10 Kim Eng Singapore Post 1.01 1.12 Hold PER14x

01/05/10 Lim & Tan Singapore Post 1.02 0 Buy
02/01/10 Lim & Tan Singapore Post 1.01 0 Buy
03/24/10 Lim & Tan Singapore Post 1.07 0 Buy

03/24/10 OCBC Singapore Post 1.08 1.16 Buy
04/09/10 OCBC Singapore Post 1.06 1.16 Buy
05/03/10 OCBC Singapore Post 1.09 1.16 Buy DCF
05/03/10 OCBC Singapore Post 1.09 1.16 Buy DCF

Trek2000 - Only DMG supports this stock

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/22/10 DMG & Partners Trek2000 0.285 0.39 Buy PER5.6x
04/23/10 DMG & Partners Trek2000 0.345 0.49 Buy PER5.6x
05/11/10 DMG & Partners Trek2000 0.325 0.385 Buy
05/13/10 DMG & Partners Trek2000 0.3 0.39 Buy PER5.6x

Thursday, June 10, 2010

UIC - UOL is trying to gain more shares!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/17/10 DBS Vickers UIC 1.9 2.04 Hold RNAV (5% discount)
03/08/10 DBS Vickers UIC 2.01 2.04 Hold

Singapore Land - A big property landlord

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/17/10 AmFraser Singapore Land 6.3 8.98 Buy RNAV
04/30/10 AmFraser Singapore Land 6.69 8.78 Buy RNAV

01/11/10 CIMB Singapore Land 6.66 6.51 Underperform RNAV (20% discount)
02/17/10 CIMB Singapore Land 6.3 6.73 Underperform RNAV (20% discount)
04/16/10 CIMB Singapore Land 6.89 6.73 Underperform
05/10/10 CIMB Singapore Land 6.7 6.73 Neutral
05/18/10 CIMB Singapore Land 6.73 6.73 Underperform
05/20/10 CIMB Singapore Land 6.75 7.68 Neutral RNAV (15% discount)

02/17/10 DBS Vickers Singapore Land 6.3 6.94 Hold RNAV (10% discount)
03/08/10 DBS Vickers Singapore Land 6.63 6.94 Hold

02/17/10 Kim Eng Singapore Land 6.3 6.69 Hold RNAV (20% discount)
04/26/10 Kim Eng Singapore Land 6.8 6.69 Hold

Wednesday, June 9, 2010

Viking Offshore Marine - OCBC is a strong supporter for this stock

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/29/10 OCBC Viking 0.215 0.31 Buy Sum of parts
05/06/10 OCBC Viking 0.2 0.31 Buy
05/20/10 OCBC Viking 0.205 0.31 Buy
06/09/10 OCBC Viking 0.18 0.31 Buy

SC Global - A niche property developer!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

05/13/10 AmFraser SC Global 1.63 2.65 Buy RNAV

01/04/10 DBS Vickers SC Global 1.71 1.92 Buy
02/26/10 DBS Vickers SC Global 1.73 2.1 Buy RNAV (25% discount)
03/08/10 DBS Vickers SC Global 1.82 2.1 Buy
03/30/10 DBS Vickers SC Global 1.85 2.1 Buy
05/13/10 DBS Vickers SC Global 1.63 2.1 Buy RNAV (25% discount)
05/18/10 DBS Vickers SC Global 1.67 2.1 Buy

02/26/10 DMG & Partners SC Global 1.73 2.26 Buy RNAV (20% discount)
03/15/10 DMG & Partners SC Global 1.9 2.26 Buy
04/01/10 DMG & Partners SC Global 1.9 2.26 Buy
04/16/10 DMG & Partners SC Global 1.87 2.26 Buy
05/14/10 DMG & Partners SC Global 1.63 2.62 Buy RNAV (20% discount)

01/18/10 phillip SC Global 2 2.03 Hold RNAV (20% discount)
02/22/10 phillip SC Global 1.8 2.03 Hold
02/26/10 phillip SC Global 1.75 1.92 Hold RNAV (20% discount)
05/13/10 phillip SC Global 1.63 1.93 Buy RNAV (20% discount)

Tuesday, June 8, 2010

Soilbuild - A great property developer that is well-liked by OCBC

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/01/10 OCBC Soilbuild 0.97 1.33 Buy
02/11/10 OCBC Soilbuild 1.05 1.75 Buy RNAV
03/03/10 OCBC Soilbuild 1.16 1.75 Buy
04/05/10 OCBC Soilbuild 1.47 1.75 Buy
04/15/10 OCBC Soilbuild 1.49 1.81 Buy RNAV
05/14/10 OCBC Soilbuild 1.3 1.76 Buy RNAV
06/03/10 OCBC Soilbuild 0.62 0.88 Buy RNAV
06/07/10 OCBC Soilbuild 0.65 0.88 Buy RNAV

STX Pan Ocean - The great shipper!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/22/10 CIMB STX Pan Ocean 13.8 17.3 Outperform Sum of parts
05/14/10 CIMB STX Pan Ocean 15 17.3 Outperform Sum of parts
05/18/10 CIMB STX Pan Ocean 15 17.3 Outperform

02/22/10 DBS Vickers STX Pan Ocean 13.8 10.5 Fully Valued PB0.7x

Monday, June 7, 2010

Swiber - CIMB loves this stock.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/02/10 AmFraser Swiber 1.08 1.3 Buy PER16x

01/21/10 CIMB Swiber 1.15 1.72 Outperform PER12x
02/05/10 CIMB Swiber 1.04 1.72 Outperform PER12x
03/02/10 CIMB Swiber 1.07 1.65 Outperform PER12x
04/06/10 CIMB Swiber 1.13 1.65 Outperform PER12x
05/03/10 CIMB Swiber 1.15 1.65 Outperform PER12x
05/14/10 CIMB Swiber 1.09 1.65 Outperform PER12x
05/18/10 CIMB Swiber 1.09 1.65 Outperform
05/21/10 CIMB Swiber 1 1.65 Outperform PER12x
05/31/10 CIMB Swiber 0.96 1.65 Outperform

01/04/10 DBS Vickers Swiber 1.02 1.24 Buy PER5.9x
05/17/10 DBS Vickers Swiber 1.09 1.42 Buy PER10x

01/04/10 OCBC Swiber 1.02 1.1 Hold PER9x
02/19/10 OCBC Swiber 1.05 1.1 Hold
03/03/10 OCBC Swiber 1.03 1.1 Hold
03/05/10 OCBC Swiber 1.03 1.1 Hold
03/26/10 OCBC Swiber 1.05 1.1 Hold
05/06/10 OCBC Swiber 1.12 1.1 Hold
05/17/10 OCBC Swiber 1.09 1.38 Buy PER11x
05/20/10 OCBC Swiber 0.985 1.38 Buy

Starhub - Not as good as Singtel?

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

05/07/10 AmFraser Starhub 2.27 1.88 Sell
05/10/10 AmFraser Starhub 2.19 1.88 Sell

02/05/10 CIMB Starhub 2.17 2.14 Underperform DCF
03/05/10 CIMB Starhub 2.17 2.14 Underperform
04/15/10 CIMB Starhub 2.38 2.14 Underperform
05/12/10 CIMB Starhub 2.18 2.14 Underperform
05/18/10 CIMB Starhub 2.23 2.14 Underperform
05/19/10 CIMB Starhub 2.27 2.14 Underperform

01/05/10 DBS Vickers Starhub 2.17 2.06 Fully Valued PER12x
02/05/10 DBS Vickers Starhub 2.17 2.06 Fully Valued PER12x
03/15/10 DBS Vickers Starhub 2.15 2.06 Fully Valued
05/07/10 DBS Vickers Starhub 2.27 2.06 Fully Valued

02/05/10 DMG & Partners Starhub 2.17 2.2 Neutral DCF
04/09/10 DMG & Partners Starhub 2.35 2.2 Neutral
04/28/10 DMG & Partners Starhub 2.38 2.2 Neutral
05/07/10 DMG & Partners Starhub 2.27 2.15 Neutral DCF
05/10/10 DMG & Partners Starhub 2.19 2.15 Neutral

02/05/10 Kim Eng Starhub 2.17 1.8 Sell PER10x
03/18/10 Kim Eng Starhub 2.23 1.8 Sell

01/29/10 OCBC Starhub 2.1 2.29 Buy
02/05/10 OCBC Starhub 2.17 2.29 Buy
03/30/10 OCBC Starhub 2.3 2.44 Buy DCF
05/19/10 OCBC Starhub 2.27 2.32 Buy 8.8% Div Yield

02/05/10 phillip Starhub 2.17 2.05 Hold DCF
05/07/10 phillip Starhub 2.27 1.92 Sell

Sunday, June 6, 2010

Big fall for Singapore stock market on monday?

There is no doubt that Singapore stock market will fall on monday but will the magnitude be as great as US market?

I predict STI will fall around 2% on monday when the market opens in the morning and close within the 2% fall at the end of the day unless the US futures continue to deteriorate further.

Let's wait and see.

Saturday, June 5, 2010

EU in deeper trouble now?

Greece was the first country to get into trouble, followed by Spain & Portugal. Now, we've Hungary who is going to default and this causes Euro to fall below $1.20. If Hungary can falsify its deficit, I think Greece, Spain & Portugal also have more skeletons in their closets which they've not revealed.

Looks like Euro is highly likely to reach parity with USD in the foreseenable future. Another issue is there is a significant drop in corporate bonds demand as governments are also trying to sell government bonds to the same group of fixed-income buyers/investors.  When corporations can't raise monies for their businesses, they can't expand and won't hire more employees.

How on earth can the world economies recover when employments don't go up and people have lesser to spend?

Ascendas Reit (A-reit) - Hold for now!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

01/19/10 CIMB A-Reit 2.02 2.02 Underperform DDM
03/25/10 CIMB A-Reit 1.92 2.02 Underperform
04/20/10 CIMB A-Reit 1.98 2.02 Neutral DDM
05/18/10 CIMB A-reit 1.87 2.02 Neutral

02/18/10 DBS Vickers A-Reit 1.92 2.07 Hold PB1.2x
04/09/10 DBS Vickers A-Reit 1.26 1.46 Buy
04/20/10 DBS Vickers A-Reit 1.98 2.11 Hold PB1.2x

04/21/10 DMG & Partners A-Reit 2.01 2.11 Neutral DDM

01/19/10 Kim Eng A-Reit 2.02 2.02 Hold
02/18/10 Kim Eng A-Reit 1.92 2.03 Hold
03/29/10 Kim Eng A-Reit 1.95 2.29 Buy Div Yield 6.7%
04/20/10 Kim Eng A-Reit 1.98 2.32 Buy Yield 6.8%

01/22/10 OCBC A-Reit 1.28 1.38 Buy DCF
02/18/10 OCBC A-Reit 1.92 1.76 Hold RNAV
03/04/10 OCBC A-Reit 1.95 1.76 Hold
04/14/10 OCBC A-Reit 1.96 1.76 Hold
04/20/10 OCBC A-Reit 1.98 1.85 Hold RNAV
05/12/10 OCBC A-reit 1.88 1.85 Hold
05/24/10 OCBC A-reit 1.92 1.85 Hold

Friday, June 4, 2010

TPV - CIMB likes to monitor this monitors manufacturer.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

02/01/10 CIMB TPV 0.83 1.22 Outperform PB1.2x
03/10/10 CIMB TPV 0.93 1.29 Outperform PER11x
03/11/10 CIMB TPV 0.93 1.29 Outperform
05/18/10 CIMB TPV 0.92 1.25 Outperform
05/31/10 CIMB TPV 0.87 1.25 Outperform PER11x
06/04/10 CIMB TPV 0.9 1.25 Outperform PER11x

06/04/10 Lim & Tan TPV 0.9 0 Buy

Consumer demand in europe has started to drop

The latest retail sales figure in Europe has started to fall and continue to fall due to austerity measures by many countries in Europe.  This will impact the world and stocks will fall.

Is global inflation coming?

I think temporary global inflation is coming soon as the oil spill in mexico is causing government to impose oil moratorium which will give the impetus for oil to move higher.  Furthermore, the hurricanes season is approaching in US and this will also cause a dramatic drop in oil supply.  Therefore, there will be a temporary upward spurts in the oil price in the near future.

As we all know, oil affects everything from transportations to finished products and any kind of inflation is not welcome in a time like this as the global economic growth is still languishing in the midst of a crisis.

Tat Hong - The crane machine!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/01/10 CIMB Tat Hong 0.87 0.87 Underperform PER7x
04/16/10 CIMB Tat Hong 0.95 1.24 Outperform PER10x
05/25/10 CIMB Tat Hong 0.89 1.24 Outperform PER10x

02/17/10 DBS Vickers Tat Hong 0.96 0.89 Fully Valued NTA0.9x, PER9x
05/25/10 DBS Vickers Tat Hong 0.885 1.11 Buy PER10x, PB1.2x

02/17/10 OCBC Tat Hong 0.96 1.02 Hold NTA1.2x
03/24/10 OCBC Tat Hong 0.88 1.02 Hold
05/25/10 OCBC Tat Hong 0.85 0.975 Buy PER10x
05/31/10 OCBC Tat Hong 0.895 0.975 Buy

Thursday, June 3, 2010

Tiger Airways - The high flyer!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

04/14/10 Citigroup Tiger Airways 1.89 2.4 Buy

03/10/10 DBS Vickers Tiger Airways 1.62 2.1 Buy PER12x
04/14/10 DBS Vickers Tiger Airways 1.88 2.1 Buy PER15x
04/15/10 DBS Vickers Tiger Airways 1.89 2.1 Buy PER15x
05/11/10 DBS Vickers Tiger Airways 1.62 2.1 Buy PER15x
05/17/10 DBS Vickers Tiger Airways 1.8 2.25 Buy PER15x

Valuetronics - OCBC finds great value in this stock.

Date/Researc House/Stock/Last Done/Target Price/Stock/Valuation Method

01/06/10 OCBC Valuetronics 0.145 0.19 Buy
02/11/10 OCBC Valuetronics 0.14 0.19 Buy PER8x
03/11/10 OCBC Valuetronics 0.145 0.19 Buy NTA1X
03/31/10 OCBC Valuetronics 0.16 0.29 Buy PER8x
05/20/10 OCBC Valuetronics 0.17 0.32 Buy

Wednesday, June 2, 2010

Pacific Andes - A great fishing stock!

Date/Research House/Stock/Last Done/Target Price/Stock/Valuation Method

01/25/10 CIMB Pacific Andes 0.34 0.42 Outperform Sum of parts
02/11/10 CIMB Pacific Andes 0.29 0.42 Outperform Sum of parts
04/30/10 CIMB Pacific Andes 0.38 0.42 Outperform
05/13/10 CIMB Pacific Andes 0.34 0.41 Outperform Sum of parts

01/04/10 DBS Vickers Pacific Andes 0.29 0.36 Buy
01/08/10 DBS Vickers Pacific Andes 0.29 0.36 Buy
02/11/10 DBS Vickers Pacific Andes 0.29 0.42 Buy PER6x
05/13/10 DBS Vickers Pacific Andes 0.335 0.42 Buy PER6x

01/22/10 OCBC Pacific Andes 0.335 0.4 Buy PER8x

Otto Marine - A good marine stock loved by analysts

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

05/26/10 CIMB Otto Marine 0.37 0.47 Outperform PER10x
05/31/10 CIMB Otto Marine 0.38 0.47 Outperform

03/02/10 DMG & Partners Otto Marine 0.49 0.64 Buy PEG0.79x, PER14x
04/23/10 DMG & Partners Otto Marine 0.52 0.64 Buy
04/29/10 DMG & Partners Otto Marine 0.48 0.64 Buy
05/03/10 DMG & Partners Otto Marine 0.48 0.64 Buy
05/13/10 DMG & Partners Otto Marine 0.435 0.64 Buy
05/17/10 DMG & Partners Otto Marine 0.455 0.64 Buy
05/19/10 DMG & Partners Otto Marine 0.435 0.64 Buy
05/20/10 DMG & Partners Otto Marine 0.415 0.64 Buy
05/24/10 DMG & Partners Otto Marine 0.395 0.64 Buy PER11.9x

02/12/10 Kim Eng Otto Marine 0.415 0.56 Buy Sum of parts
03/02/10 Kim Eng Otto Marine 0.49 0.66 Buy Sum of parts
05/17/10 Kim Eng Otto Marine 0.455 0.58 Buy Sum of parts

01/13/10 phillip Otto Marine 0.5 0.58 Buy BV2x
01/27/10 phillip Otto Marine 0.48 0.58 Buy PB1.67x
02/22/10 phillip Otto Marine 0.45 0.58 Buy PB1.95x
03/02/10 phillip Otto Marine 0.49 0.58 Buy PB1.95x
05/17/10 phillip Otto Marine 0.455 0.58 Buy PB1.95x
05/20/10 phillip Otto Marine 0.415 0.58 Buy PB1.95x

Tuesday, June 1, 2010

Capitacommercial - Is this the reit to buy? Judge for yourself!

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

03/25/10 CIMB CapitaCommercial 1.08 1.09 Underperform
04/19/10 CIMB CapitaCommercial 1.16 1.26 Outperform DDM
05/18/10 CIMB CapitaCommercial 1.2 1.26 Outperform
05/20/10 CIMB CapitaCommercial 1.18 1.37 Outperform DDM
05/31/10 CIMB CapitaCommercial 1.13 1.37 Outperform DDM

01/21/10 DBS Vickers CapitaCommercial 1.18 1.23 Hold DCF
03/19/10 DBS Vickers CapitaCommercial 1.09 1.23 Hold
04/16/10 DBS Vickers CapitaCommercial 1.14 1.23 Hold
05/27/10 DBS Vickers CapitaCommercial 1.13 1.24 Hold DCF

01/22/10 DMG & Partners CapitaCommercial 1.18 0.96 Sell DDM
04/19/10 DMG & Partners CapitaCommercial 1.14 1.24 Neutral DDM
05/27/10 DMG & Partners CapitaCommercial 1.1 1.24 Neutral 6% Yield

03/18/10 Goldman Sach CapitaCommercial 1.09 0 Buy

01/21/10 Kim Eng CapitaCommercial 1.18 0.99 Sell DDM
04/19/10 Kim Eng CapitaCommercial 1.14 1.1 Hold DDM

01/20/10 Lim & Tan CapitaCommercial 1.18 0 Buy
03/18/10 Lim & Tan CapitaCommercial 1.13 0 Buy

01/04/10 OCBC CapitaCommercial 1.17 1.13 Hold
02/01/10 OCBC CapitaCommercial 1.06 1.16 Hold
03/04/10 OCBC CapitaCommercial 1.11 1.16 Hold
03/09/10 OCBC CapitaCommercial 1.13 1.16 Hold RNAV
04/14/10 OCBC CapitaCommercial 1.11 1.19 Buy
04/16/10 OCBC CapitaCommercial 1.14 1.26 Buy RNAV
05/12/10 OCBC CapitaCommercial 1.16 1.26 Buy
06/01/10 OCBC CapitaCommercial 1.14 1.26 Buy RNAV

Europe banks in trouble?

It seems that the situation is getting worse in europe as banks are expected to post about euro$300b in losses.

Spain is tightening its belt and portugal is also doing the same thing but protests are sprouting up in these troubled countries.  Danger is lurking!