Hot news! Japan PM Abe anti-protest!

https://www.rt.com/news/422276-shinzo-abe-protest-tokyo/

Japan PM Abe is in danger of losing his power as the protestors took to the streets to demonstrate against him.

This will give the opposition party a golden opportunity to dethrone PM Abe.

At least Japan won't have the time to go against China now.

Canada is the first casualty from the US-China trade war.

https://www.cnbc.com/2018/03/29/china-should-punish-us-colony-canada-over-possible-anti-dumping-rules-propaganda-outlet-says.html

Let this be a lesson for all to see.

Canada is the first casualty and won't be the last. Who will be the next one?

Baltic dry index - 1055

Today, Thursday, March 29 2018, the Baltic Dry Index decreased by 25 points, reaching 1055 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 - 993

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by two this week to 993.

That exceeds the 824 rigs that were active this time a year ago.

Houston oilfield services company Baker Hughes reported Thursday that 797 rigs drilled for oil this week and 194 for gas. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Pennsylvania increased by two rigs and Louisiana and Oklahoma each gained one.

Texas lost three rigs and New Mexico, Ohio and West Virginia each decreased by one.

Alaska, Arkansas, California, Colorado, North Dakota, Utah 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.

Crypto community hub, Reddit, dumps bitcoin payment system.

https://www.bloombergquint.com/bitcoin/2018/03/28/crypto-community-hub-reddit-disables-bitcoin-payments

This is not surprising.  What is surprising will be the massive adoption of bitcoin payment system!

http://sg-stock.blogspot.sg/2017/12/how-practical-and-useful-is-bitcoin.html

Facebook privacy scandal is no small matter.

https://www.tomsguide.com/us/facebook-logging-scandal-impact,news-26868.html

There will be a class action lawsuit against Facebook soon because this breach of privacy is a big deal.

Many analysts are predicting FB share price to fall by 50% by next year.

Let's see how this will pan out.

UOL - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/08/16	DBS Vickers	UOL	5.93	8.47	Buy	RNAV (25% discount)
02/29/16	CIMB	UOL	5.69	8.26	Add	RNAV (20% discount)
02/29/16	DBS Vickers	UOL	5.69	7.39	Buy	RNAV (30% discount)
02/29/16	Lim & Tan	UOL	5.69	0	Buy
02/29/16	OCBC	UOL	5.69	7.43	Buy
03/15/16	CIMB	UOL	5.9	8.26	Add
03/15/16	JP Morgan	UOL	5.9	8.05	Overweight	Up from $8
04/18/16	CIMB	UOL	6.06	8.26	Add
04/18/16	UBS	UOL	6.06	7.9	Buy
05/13/16	CIMB	UOL	5.67	8.26	Add	RNAV (20% discount)
05/13/16	DBS Vickers	UOL	5.67	7.39	Buy	RNAV (30% discount)
05/13/16	OCBC	UOL	5.67	7.43	Buy
05/13/16	UBS	UOL	5.67	7.75	Buy
05/17/16	Lim & Tan	UOL	5.61	0	Buy
06/09/16	CIMB	UOL	5.63	8.26	Add
06/17/16	DBS Vickers	UOL	5.4	7.39	Buy
07/01/16	CIMB	UOL	5.46	8.06	Add	RNAV (20% discount)
07/05/16	OCBC	UOL	5.55	7.43	Buy
08/05/16	CIMB	UOL	5.84	7.96	Add
08/05/16	DBS Vickers	UOL	5.84	7.2	Buy
08/05/16	UBS	UOL	5.84	7.55	Buy
08/08/16	OCBC	UOL	5.83	7.3	Buy
09/07/16	CIMB	UOL	5.83	7.96	Add
09/16/16	DBS Vickers	UOL	5.52	7.2	Buy
10/03/16	OCBC	UOL	5.61	7.3	Buy
10/10/16	CIMB	UOL	5.85	7.97	Add	RNAV (20% discount)
10/18/16	DBS Vickers	UOL	5.7	7.2	Buy
10/18/16	Deutsche	UOL	5.7	6	Hold
11/09/16	CIMB	UOL	5.72	7.97	Add	RNAV (20% discount)
11/11/16	CIMB	UOL	5.7	7.96	Add	RNAV (20% discount)
11/11/16	OCBC	UOL	5.7	7.3	Buy
11/14/16	DBS Vickers	UOL	5.66	7.2	Buy	RNAV (30% discount)
12/06/16	CIMB	UOL	5.96	7.96	Add	RNAV (20% discount)
12/06/16	Kim Eng	UOL	5.96	7.39	Buy	RNAV (24% discount)
12/07/16	Deutsche	UOL	6.15	6	Hold
12/12/16	JP Morgan	UOL	6.22	8.05	Overweight
12/13/16	Kim Eng	UOL	6.2	7.39	Buy	RNAV (24% discount)
01/09/17	DBS Vickers	UOL	6.2	7.2	Buy	RNAV (30% discount)
01/11/17	Kim Eng	UOL	6.34	7.39	Buy
01/12/17	CIMB	UOL	6.3	7.96	Add
01/16/17	phillip	UOL	6.29	7.05	Accumulate	RNAV
01/25/17	Kim Eng	UOL	6.45	7.39	Buy	RNAV (24% discount)
02/06/17	phillip	UOL	6.58	7.05	Accumulate
02/17/17	DBS Vickers	UOL	6.55	7.2	Buy
02/27/17	CIMB	UOL	6.65	7.96	Add	RNAV (20% discount)
02/27/17	Kim Eng	UOL	6.65	7.68	Buy	RNAV (22% discount)
02/27/17	OCBC	UOL	6.65	7.3	Buy
02/28/17	DBS Vickers	UOL	6.51	7.64	Buy	RNAV (30% discount)
02/28/17	Lim & Tan	UOL	6.51	0	Buy
02/28/17	phillip	UOL	6.51	7.4	Accumulate	RNAV (20% discount)
03/09/17	Deutsche	UOL	6.68	6.8	Hold
03/09/17	OCBC	UOL	6.68	7.3	Buy	PB0.66x
03/13/17	CIMB	UOL	6.92	7.96	Add	RNAV (20% discount)
03/13/17	Kim Eng	UOL	6.92	7.68	Buy
03/14/17	UBS	UOL	6.94	8.15	Buy
03/16/17	Kim Eng	UOL	6.93	7.93	Buy
03/17/17	DBS Vickers	UOL	6.98	7.64	Buy
03/17/17	JP Morgan	UOL	6.98	8.2	Overweight
04/10/17	DBS Vickers	UOL	7.02	7.64	Buy
04/18/17	CIMB	UOL	6.98	7.96	Add
04/27/17	phillip	UOL	7.2	7.19	Accumulate
05/12/17	Deutsche	UOL	7.1	7.5	Hold
05/12/17	Kim Eng	UOL	7.1	7.93	Buy
05/15/17	CIMB	UOL	7.07	7.96	Add	RNAV (20% discount)
05/15/17	Kim Eng	UOL	7.07	8.3	Buy
05/15/17	OCBC	UOL	7.07	7.3	Hold
05/16/17	DBS Vickers	UOL	7.09	8.73	Buy	RNAV (20% discount)
05/16/17	phillip	UOL	7.09	7.64	Accumulate	RNAV (15% discount)
05/17/17	Lim & Tan	UOL	7	0	Buy
05/29/17	Kim Eng	UOL	6.94	9.05	Buy	RNAV (15% discount)
06/05/17	Credit Suisse	UOL	7.08	9	Outperform	RNAV (25% discount)
06/14/17	DBS Vickers	UOL	7.79	8.73	Buy
06/16/17	CIMB	UOL	7.6	7.96	Add
06/16/17	Kim Eng	UOL	7.6	9.05	Buy	RNAV (15% discount)
06/22/17	Deutsche	UOL	7.68	7.5	Hold
06/23/17	Lim & Tan	UOL	7.68	0	Buy
06/23/17	OCBC	UOL	7.68	7.3	Hold	RNAV (25% discount)
06/27/17	OCBC	UOL	7.6	8.39	Buy	RNAV (20% discount)
07/11/17	Kim Eng	UOL	7.59	9.05	Buy
07/18/17	JP Morgan	UOL	7.78	8.2	Overweight
07/18/17	CIMB	UOL	7.78	7.96	Add
07/27/17	DBS Vickers	UOL	7.92	8.73	Buy	RNAV (20% discount)
08/07/17	CIMB	UOL	8.06	9.03	Add	RNAV (20% discount)
08/07/17	Kim Eng	UOL	8.06	9.05	Buy
08/07/17	phillip	UOL	8.06	8.93	Accumulate	RNAV (15% discount)
08/08/17	Lim & Tan	UOL	8.16	0	Buy
08/08/17	OCBC	UOL	8.16	9.01	Buy
08/25/17	Kim Eng	UOL	8.13	9.43	Buy	RNAV (15% discount)
08/28/17	DBS Vickers	UOL	8.03	8.73	Buy
09/04/17	OCBC	UOL	8.18	8.63	Buy
09/05/17	CIMB	UOL	8.04	9.03	Add
09/12/17	DBS Vickers	UOL	8.06	8.73	Buy
09/12/17	Lim & Tan	UOL	8.06	0	Buy
09/15/17	Credit Suisse	UOL	8.03	9.4	Outperform
09/25/17	Kim Eng	UOL	8.07	9.43	Buy	RNAV (15% discount)
10/03/17	CIMB	UOL	8.19	9.03	Add
10/06/17	Lim & Tan	UOL	8.2	0	Buy
10/09/17	Kim Eng	UOL	8.55	9.8	Buy	RNAV (10% discount)
10/20/17	Deutsche	UOL	8.98	9.2	Hold
11/10/17	Credit Suisse	UOL	8.8	9.4	Outperform
11/10/17	Kim Eng	UOL	8.8	9.85	Buy	RNAV (10% discount)
11/10/17	CIMB	UOL	8.8	9.62	Add	RNAV (20% discount)
11/10/17	DBS Vickers	UOL	8.8	10.15	Buy	RNAV (20% discount)
11/10/17	Lim & Tan	UOL	8.8	0	Buy
11/13/17	OCBC	UOL	8.75	9.7	Buy
12/06/17	DBS Vickers	UOL	8.56	10.15	Buy
12/14/17	CIMB	UOL	8.72	9.62	Add	RNAV (20% discount)
12/14/17	OCBC	UOL	8.72	9.7	Buy
12/18/17	Kim Eng	UOL	8.54	9.85	Buy
01/04/18	Deutsche	UOL	9.08	10	Buy
01/16/18	CIMB	UOL	9.34	9.62	Add
01/16/18	Kim Eng	UOL	9.34	9.85	Buy	RNAV (15% discount), PB0.85x
01/16/18	Credit Suisse	UOL	9.34	10.8	Outperform
02/07/18	OCBC	UOL	8.71	9.7	Buy
02/07/18	CIMB	UOL	8.71	9.62	Add
02/19/18	DBS Vickers	UOL	8.34	10.15	Buy
02/28/18	Kim Eng	UOL	8.52	10.4	Buy	RNAV (10% discount)
02/28/18	OCBC	UOL	8.52	10.63	Buy	RNAV
02/28/18	CIMB	UOL	8.52	9.67	Add	RNAV (20% discount)
02/28/18	Credit Suisse	UOL	8.52	10.8	Outperform
03/06/18	DBS Vickers	UOL	8.38	10.23	Buy	RNAV (15% discount)
03/12/18	OCBC	UOL	8.75	10.63	Buy
03/16/18	CIMB	UOL	8.79	9.67	Add
03/20/18	Kim Eng	UOL	8.69	10.4	Buy

UOB Kay Hian - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/10/17	Lim & Tan	UOB Kay Hian	1.385	0	Buy

Stock calls for 29 March 2018

Date	Analyst	Company	Last	Target	Call	Valuation
03/29/18	UOB Kay Hian	Comfortdelgro	2	2.25	Buy	PER16.6x
03/29/18	CIMB	Mapletree Greater China	1.15	1.3	Add	DDM
03/29/18	OCBC	Soilbuild Reit	0.645	0.7	Buy

Noble Group is playing punk now. - Part 2

https://sg.finance.yahoo.com/news/noble-bows-paying-us-1-021500286.html

Sigh! Here we go again!

A company in distress has the biggest say!  It can play punk and impose its decision on others unilaterally by threatening to file for bankruptcy.  Conversely, it can pay its management well for playing punk.

http://sg-stock.blogspot.sg/2018/03/noble-group-is-playing-punk-now.html

Hot news! Tesla will go bankrupt soon!

https://www.cnbc.com/2018/03/28/this-is-a-critical-time-for-tesla-says-moodys-analyst-who-caused-its-bonds-and-stock-to-drop.html

https://www.marketwatch.com/story/tesla-is-just-months-away-from-a-total-collapse-says-hedge-fund-manager-2018-03-27

https://www.forbes.com/sites/alanohnsman/2018/02/07/after-stellar-rocket-launch-teslas-675-million-loss-pulls-upbeat-musk-back-to-earth/#5c62d1e761ba

Moody's has downgraded Tesla because Tesla is facing serious cashflow problems.  It is a common knowledge that negative cashflow will crumble a company and Tesla will not escape from this doomsday scenario.

Tesla is losing about $700m per quarter now and only has enough money to last another quarter.  Tesla electric car sales are also not doing well.  With limited sales and a money-burning project, this company is doomed.

UOB Bank - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	CIMB	UOB	19.09	20	Hold
01/05/16	Goldman Sachs	UOB	19.09	20.6	Neutral
01/08/16	DIR	UOB	18.38	21.6	Buy
01/18/16	Deutsche	UOB	17.6	20	Hold	GGM, PB1.1x
01/18/16	DMG & Partners	UOB	17.6	21.7	Neutral	GGM, PB1.15x FY16
01/26/16	JP Morgan	UOB	18	18	Neutral
01/26/16	Macquarie	UOB	18	20	Outperform	PB
01/29/16	Credit Suisse	UOB	17.57	22.8	Neutral
01/29/16	Goldman Sachs	UOB	17.57	20.1	Neutral
02/11/16	UBS	UOB	17.56	19.8	Buy	PER9.9x FY16
02/16/16	Bloomberg	UOB	17.85	21.5	Buy	Consensus target
02/16/16	HSBC	UOB	17.85	25.2	Buy
02/16/16	Lim & Tan	UOB	17.85	0	Buy
02/17/16	Amfrasers	UOB	17.81	17.37	Hold
02/17/16	CIMB	UOB	17.81	19.31	Hold	GGM, PB1.06x CY16
02/17/16	DBS Vickers	UOB	17.81	18.8	Hold	GGM, PB1x FY16
02/17/16	DIR	UOB	17.81	19.5	Outperform	Warranted equity method
02/17/16	DMG & Partners	UOB	17.81	19.1	Neutral	GGM, PB1.01x FY16, PER9.9x
02/17/16	Jefferies	UOB	17.81	16	Hold
02/17/16	Kim Eng	UOB	17.81	16.96	Hold	PB0.9x FY16
02/17/16	Macquarie	UOB	17.81	17.5	Neutral
02/26/16	Credit Suisse	UOB	16.81	19	Neutral
03/04/16	JP Morgan	UOB	18.21	15	Underweight
03/07/16	DMG & Partners	UOB	18.5	19.1	Neutral
03/24/16	DIR	UOB	18.88	24.6	Buy
03/24/16	Kim Eng	UOB	18.88	16.96	Hold
04/07/16	Credit Suisse	UOB	18.71	19	Neutral
04/07/16	UBS	UOB	18.71	19.4	Neutral
04/26/16	HSBC	UOB	19.52	25.2	Buy	GGM, PB1.3x FY15, PER13x FY15
04/27/16	DIR	UOB	19.39	24.6	Buy
04/28/16	CIMB	UOB	18.88	18.74	Hold	GGM, PB0.98x CY16
04/28/16	OCBC	UOB	18.88	20.05	Hold	Cut from $20.15
04/29/16	Amfrasers	UOB	18.85	17.37	Hold
04/29/16	DBS Vickers	UOB	18.85	18.8	Hold
04/29/16	DIR	UOB	18.85	24.9	Buy	GGM, PB1.27x
04/29/16	Jefferies	UOB	18.85	16	Hold
04/29/16	Macquarie	UOB	18.85	17	Neutral
04/29/16	phillip	UOB	18.85	18.15	Neutral	PB0.95x FY16
05/04/16	CIMB	UOB	18.4	18.74	Hold	GGM, PB0.98x CY16
05/06/16	Credit Suisse	UOB	18.1	19	Neutral
05/10/16	DIR	UOB	17.88	24.9	Buy	Warranted equity method
05/10/16	Goldman Sachs	UOB	17.88	19.3	Neutral
05/30/16	Kim Eng	UOB	18.21	16.96	Hold
06/09/16	DIR	UOB	18.98	24.9	Buy
06/09/16	Goldman Sachs	UOB	18.98	20.4	Neutral
06/14/16	Deutsche	UOB	18.3	20	Hold
07/01/16	Goldman Sachs	UOB	18.42	20	Neutral
07/01/16	Kim Eng	UOB	18.42	16.96	Hold
07/05/16	DMG & Partners	UOB	18.54	18.85	Neutral
07/19/16	DIR	UOB	18.93	24.9	Buy	Warranted equity method
07/29/16	CIMB	UOB	18.7	18.52	Hold	GGM
07/29/16	Credit Suisse	UOB	18.7	19	Neutral
07/29/16	DBS Vickers	UOB	18.7	17.7	Hold
07/29/16	Goldman Sachs	UOB	18.7	19.7	Neutral
07/29/16	Jefferies	UOB	18.7	16.5	Hold
07/29/16	Kim Eng	UOB	18.7	18.34	Hold	PB0.9x FY17
07/29/16	Lim & Tan	UOB	18.7	0	Hold
07/29/16	Macquarie	UOB	18.7	18	Neutral
07/29/16	OCBC	UOB	18.7	19.61	Hold
08/01/16	phillip	UOB	18.2	17.95	Neutral	PB0.95x FY16
08/01/16	UOB Kay Hian	UOB	18.2	18.26	Not Rated
08/12/16	Credit Suisse	UOB	17.87	19.26	Neutral
08/18/16	Kim Eng	UOB	17.56	18.34	Hold
09/09/16	Credit Suisse	UOB	18.78	21.2	Outperform
09/19/16	Kim Eng	UOB	18.86	18.34	Hold
09/28/16	DIR	UOB	18.8	24.9	Buy
10/03/16	Kim Eng	UOB	18.83	18.34	Hold
10/05/16	DMG & Partners	UOB	18.85	18.85	Neutral
10/12/16	Goldman Sachs	UOB	18.77	19.7	Neutral
10/17/16	DIR	UOB	18.32	24.9	Buy
10/19/16	CIMB	UOB	18.52	18.52	Hold
10/28/16	Lim & Tan	UOB	18.94	0	Hold
10/31/16	CIMB	UOB	18.63	18.42	Hold	GGM, PB0.92x CY17
10/31/16	DBS Vickers	UOB	18.63	18.1	Hold
10/31/16	DIR	UOB	18.63	24	Buy	GGM, PB1.21x
10/31/16	Kim Eng	UOB	18.63	18.36	Hold	PB0.9x FY17
10/31/16	phillip	UOB	18.63	17.63	Neutral	PB0.95x FY16
11/07/16	Credit Suisse	UOB	18.44	21.2	Outperform
11/07/16	Jefferies	UOB	18.44	17	Hold
11/25/16	Credit Suisse	UOB	19.9	23.41	Outperform
11/25/16	Kim Eng	UOB	19.9	18.36	Hold
11/28/16	DIR	UOB	19.88	24	Buy
12/05/16	Kim Eng	UOB	20.56	18.36	Hold
12/06/16	CIMB	UOB	20.78	18.42	Hold	GGM, PB0.92x CY17
12/07/16	DBS Vickers	UOB	20.83	21.8	Hold	GGM, PB1.1x FY17
12/07/16	Deutsche	UOB	20.83	19	Hold
01/03/17	DMG & Partners	UOB	20.4	18.9	Neutral
01/04/17	Kim Eng	UOB	20.41	18.36	Hold
01/05/17	Credit Suisse	UOB	20.62	23.41	Outperform
01/11/17	DIR	UOB	20.99	24	Buy
01/16/17	Jefferies	UOB	21.03	17	Underperform
01/16/17	phillip	UOB	21.03	18.97	Reduce	PB0.95x FY17
01/26/17	DMG & Partners	UOB	20.99	22.9	Buy	GGM
01/26/17	UBS	UOB	20.99	18.8	Sell
02/02/17	Lim & Tan	UOB	20.98	0	Hold
02/03/17	CIMB	UOB	20.63	18.42	Hold
02/06/17	Macquarie	UOB	20.38	20.5	Neutral
02/20/17	CIMB	UOB	21.18	20.37	Hold	GGM, PB1.02x CY17
02/20/17	Credit Suisse	UOB	21.18	24.3	Outperform
02/20/17	DBS Vickers	UOB	21.18	22.7	Buy	GGM, PB1.1x FY17
02/20/17	DIR	UOB	21.18	24.3	Buy	GGM, PB1.19x
02/20/17	DMG & Partners	UOB	21.18	23.9	Buy	GGM, PB1.2x FY17
02/20/17	Kim Eng	UOB	21.18	19.54	Hold
02/20/17	Lim & Tan	UOB	21.18	0	Take profit
02/20/17	OCBC	UOB	21.18	20.55	Hold
02/20/17	phillip	UOB	21.18	18.92	Reduce	PB0.95x FY17
03/03/17	CIMB	UOB	21.55	20.37	Hold
03/03/17	Jefferies	UOB	21.55	19	Hold
03/06/17	Macquarie	UOB	21.54	20.55	Neutral
03/13/17	Credit Suisse	UOB	21.39	24.3	Outperform
03/17/17	DBS Vickers	UOB	21.75	22.7	Buy
03/21/17	Kim Eng	UOB	21.86	19.54	Hold
04/03/17	Kim Eng	UOB	22.11	19.54	Hold
04/18/17	DIR	UOB	21.65	24.3	Buy
04/25/17	CIMB	UOB	21.88	20.37	Hold
05/02/17	CIMB	UOB	21.8	21.2	Hold	GGM, PB1.05x CY17
05/02/17	DBS Vickers	UOB	21.8	22.7	Buy	GGM, PB1.1x FY17
05/02/17	DIR	UOB	21.8	25	Buy	PB1.19x
05/02/17	DMG & Partners	UOB	21.8	23.9	Buy	GGM, PB1.2x FY17
05/02/17	OCBC	UOB	21.8	21.66	Hold
05/02/17	phillip	UOB	21.8	19.2	Reduce	PB0.95x FY17
05/03/17	Macquarie	UOB	22.8	20.5	Neutral
05/16/17	Credit Suisse	UOB	23.66	24.3	Outperform
05/23/17	Jefferies	UOB	23.38	22.5	Hold
05/25/17	DMG & Partners	UOB	23.46	25.95	Buy
05/29/17	Kim Eng	UOB	23.37	20.8	Hold
06/14/17	Kim Eng	UOB	23.63	20.8	Hold	PB1.1x FY18
06/28/17	DMG & Partners	UOB	22.84	25.95	Buy
07/03/17	Kim Eng	UOB	23.12	20.8	Hold
07/12/17	Credit Suisse	UOB	23.25	25.6	Outperform
07/28/17	Lim & Tan	UOB	24.6	0	Hold
07/28/17	UBS	UOB	24.6	22.5	Sell
07/31/17	Macquarie	UOB	24.05	21.5	Neutral
07/31/17	phillip	UOB	24.05	20.18	Reduce	GGM, PB1.01x FY17
07/31/17	DIR	UOB	24.05	26.4	Outperform	GGM, PB1.23x
07/31/17	DMG & Partners	UOB	24.05	26.5	Buy	GGM, PB1.31x FY17
07/31/17	CIMB	UOB	24.05	24.28	Hold	GGM
07/31/17	DBS Vickers	UOB	24.05	24.8	Hold	GGM, PB1.2x FY18
07/31/17	OCBC	UOB	24.05	23	Hold	Buy @ $22 or lower
08/18/17	Macquarie	UOB	23.6	21.5	Neutral
08/22/17	Kim Eng	UOB	23.45	26.4	Buy	GGM, PB1.1x FY18
08/23/17	DBS Vickers	UOB	23.59	24.8	Hold
08/23/17	Deutsche	UOB	23.59	24	Hold
08/29/17	Credit Suisse	UOB	23.7	25.6	Outperform
09/12/17	DMG & Partners	UOB	23.38	26.5	Buy	PB1x FY18
09/18/17	phillip	UOB	23.05	20.18	Reduce
09/18/17	Kim Eng	UOB	23.05	26.4	Buy
10/09/17	DIR	UOB	24.36	26.4	Outperform
10/20/17	phillip	UOB	24.33	21.61	Reduce
10/25/17	phillip	UOB	24.25	23.46	Neutral	GGM, PB1.09x FY18
10/25/17	DBS Vickers	UOB	24.25	26.9	Buy	GGM, PB1.3x FY18
11/03/17	DMG & Partners	UOB	24.79	27.5	Buy	GGM, PB1.27x FY18
11/03/17	Credit Suisse	UOB	24.79	27.1	Outperform
11/03/17	UBS	UOB	24.79	24	Sell
11/06/17	Kim Eng	UOB	24.77	27.1	Buy	PB1.2x FY18
11/06/17	phillip	UOB	24.77	25.22	Accumulate	GGM, PB1.184x FY18
11/06/17	CIMB	UOB	24.77	25.4	Hold	GGM FY19, PB1.18x FY18
11/06/17	DBS Vickers	UOB	24.77	27.5	Buy	GGM, PB1.3x FY18
11/06/17	Deutsche	UOB	24.77	25.5	Hold
11/09/17	Macquarie	UOB	25.21	24	Neutral
11/20/17	Credit Suisse	UOB	25.06	29.3	Outperform
12/01/17	DMG & Partners	UOB	26.2	28.88	Buy	GGM, PB1.33x FY18
12/08/17	phillip	UOB	25.63	25.22	Accumulate
12/08/17	Jefferies	UOB	25.63	29.5	Buy
01/05/18	DBS Vickers	UOB	27.02	29.5	Buy	GGM, PB1.4x FY18
01/08/18	DMG & Partners	UOB	26.91	28.88	Buy
01/09/18	Deutsche	UOB	27.25	30.6	Buy
01/10/18	phillip	UOB	27.8	25.22	Accumulate
01/26/18	OCBC	UOB	27.98	30.1	Buy	PB1.3x FY18
02/07/18	OCBC	UOB	26.62	30.1	Buy
02/08/18	Macquarie	UOB	26.4	27.5	Neutral
02/12/18	phillip	UOB	26.24	25.22	Accumulate
02/15/18	CIMB	UOB	26.24	28	Add	GGM, PB1.3x FY18, PER11.3x FY19
02/15/18	DMG & Partners	UOB	26.24	30	Buy	GGM, PB1.35x FY18
02/15/18	Kim Eng	UOB	26.24	29.33	Buy	PB1.3x FY18
02/15/18	Credit Suisse	UOB	26.24	31.7	Outperform	GGM
02/15/18	Jefferies	UOB	26.24	29.5	Buy
02/15/18	DBS Vickers	UOB	26.24	30	Buy	GGM, PB1.3x FY18
02/21/18	phillip	UOB	27.22	29	Buy	GGM, PB1.35x
02/22/18	UBS	UOB	27.6	27.5	Neutral
03/05/18	OCBC	UOB	27.75	30.86	Buy	PB1.3x FY18
03/20/18	Kim Eng	UOB	28.1	31.08	Buy
03/22/18	Lim & Tan	UOB	28.58	0	Buy