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Tuesday, October 30, 2018

Lippo-Malls Indo - Stock calls


Date Analyst Company Last Target Call Valuation
02/17/17 CIMB Lippo-Malls Indo 0.385 0.39 Hold DDM
02/17/17 OCBC Lippo-Malls Indo 0.385 0.43 Buy DDM
04/04/17 OCBC Lippo-Malls Indo 0.395 0.43 Buy
06/01/17 OCBC Lippo-Malls Indo 0.415 0.435 Buy
06/22/17 CIMB Lippo-Malls Indo 0.43 0.41 Hold DDM
06/28/17 OCBC Lippo-Malls Indo 0.44 0.475 Buy DDM
08/07/17 OCBC Lippo-Malls Indo 0.455 0.45 Hold DDM
08/08/17 CIMB Lippo-Malls Indo 0.455 0.43 Hold DDM
08/30/17 OCBC Lippo-Malls Indo 0.43 0.455 Buy
11/06/17 OCBC Lippo-Malls Indo 0.44 0.46 Buy DDM
12/13/17 OCBC Lippo-Malls Indo 0.415 0.46 Buy
02/15/18 OCBC Lippo-Malls Indo 0.4 0.405 Hold
04/13/18 CIMB Lippo-Malls Indo 0.365 0.33 Reduce DDM
04/13/18 OCBC Lippo-Malls Indo 0.365 0.31 Sell
05/07/18 CIMB Lippo-Malls Indo 0.32 0.33 Reduce DDM
08/06/18 CIMB Lippo-Malls Indo 0.315 0.33 Hold DDM

Lian Beng - Stock calls


Date Analyst Company Last Target Call Valuation
10/23/17 NRA Lian Beng 0.705 1.08 Not Rated RNAV (11.6% discount)
12/06/17 DBS Vickers Lian Beng 0.715 0.85 Not Rated RNAV (50% discount)
04/24/18 DBS Vickers Lian Beng 0.625 0.85 Not Rated Sum of parts

KSH - Stock calls


Date Analyst Company Last Target Call Valuation
02/10/17 UOB Kay Hian KSH 0.54 0.69 Buy PB0.93x
02/13/17 OCBC KSH 0.54 0.61 Buy
03/08/17 UOB Kay Hian KSH 0.54 0.69 Buy
04/11/17 UOB Kay Hian KSH 0.775 1.18 Buy RNAV (50% discount)
04/12/17 Lim & Tan KSH 0.78 0 Buy
05/30/17 OCBC KSH 0.935 0.86 Hold
05/31/17 UOB Kay Hian KSH 0.915 1.12 Buy Sum of parts
08/14/17 Lim & Tan KSH 0.73 0 Hold
09/27/17 OCBC KSH 0.74 0.69 Hold
10/06/17 Lim & Tan KSH 0.785 0 Buy
11/06/17 UOB Kay Hian KSH 0.89 0.87 Hold Sum of parts
11/13/17 Lim & Tan KSH 0.86 0 Hold
11/15/17 OCBC KSH 0.865 0.79 Hold
02/12/18 Lim & Tan KSH 0.705 0 Hold
02/13/18 OCBC KSH 0.695 0.79 Hold
02/22/18 UOB Kay Hian KSH 0.76 1.08 Buy Sum of parts
06/01/18 Lim & Tan KSH 0.645 0 Hold
06/04/18 OCBC KSH 0.635 0.98 Buy
06/07/18 UOB Kay Hian KSH 0.65 1.04 Buy Sum of parts
07/16/18 OCBC KSH 0.615 0.94 Buy
08/13/18 UOB Kay Hian KSH 0.61 0.87 Buy RNAV (50% discount)
08/13/18 OCBC KSH 0.61 0.98 Buy

Stock calls for 30 October 2018


Date Analyst Company Last Target Call Valuation
10/30/18 DBS Vickers Cache Logistics 0.71 0.75 Hold DCF
10/30/18 CIMB Cityneon 1.26 1.3 Accept Offer Offer $1.30
10/30/18 DBS Vickers Ifast Corp 1.14 1.33 Buy DDM
10/30/18 CIMB Mapletree North Asia 1.13 1.28 Add DDM
10/30/18 OCBC Raffles Medical 1.09 1.26 Buy Sum of parts
10/30/18 UOB Kay Hian Raffles Medical 1.09 1.27 Buy DCF
10/30/18 DMG & Partners Raffles Medical 1.09 1.02 Neutral DCF
10/30/18 CIMB Raffles Medical 1.09 1.19 Hold Sum of parts
10/30/18 DBS Vickers Y Venture 0.24 0.34 Hold EV/Ebitda14x FY19
10/30/18 UOB Kay Hian Y Venture 0.24 0.57 Buy PB2.1x FY19
10/30/18 UOB Kay Hian Yangzijiang 1.21 1.25 Buy

Mark my words! Singapore price hikes are coming in the future! - Part 2

https://sg.news.yahoo.com/bus-train-card-fares-adults-increase-6-cents-public-transport-council-090932523.html

We did warn about the price hikes in our previous post.  More will come!

https://sg-stock.blogspot.com/2018/08/mark-my-words-singapore-price-hikes-are.html

China tourism in the USA is faltering.

http://www.chinadaily.com.cn/a/201809/30/WS5bb0a08ba310eff3032806dc.html

Look like anti-USA sentiment is brewing in China.

The Chinese had reduced their US trips.

Trump threatens President Xi prior to G20 meeting.

https://sg.finance.yahoo.com/news/u-plans-more-china-tariffs-trump-xi-meeting-194826425--finance.html

If Trump continues in his antes such as economic threats and military FONs in the South China Sea, President Xi will just cancel the meeting with Trump during the G20 meeting and all the stock markets will continue to fall further.

China is ready to fight a prolonged economic war but Trump is not as he has an election to deal with.

Trump is destroying the semiconductor industry.

https://sg.finance.yahoo.com/news/u-restricts-exports-chinese-semiconductor-firm-181101429--sector.html

Micron tech will suffer because it generates more than 50% sales from China.  Is history going to repeat itself? Micron tech collapsed in the past under Singapore PM's wife Ho Ching before it was sold to the USA.  Ho Ching caused Micron to lose $500m in the past but Trump will cause Micron to lose more.


Sigh! Another company is leaving SGX.

https://sg.finance.yahoo.com/news/cityneon-gets-1-30-share-232839455.html

It looks like more companies are leaving SGX this year than those wanting to list on SGX.

SGX is fast becoming a derivatives exchange more than a securities exchange.

Noble Group warns of another loss.

https://sg.finance.yahoo.com/news/noble-group-warns-another-loss-restructuring-costs-mount-005456757.html

This is a foregone company.  Noble won't be able to repay its colossal debt as it is burning cash like hell.

Canadian bitcoin exchange was nothing but a scam.

https://finance.yahoo.com/news/newsflash-canadian-bitcoin-exchange-hacked-202509159.html

It's so easy to scam people by claiming that a hack happened and everything was gone.

This is the danger of investing in a dubious and anonymous financial product.  You cannot claim back your money because it is hard to trace your investment.

Monday, October 29, 2018

Koufu - Stock calls


Date Analyst Company Last Target Call Valuation
08/28/18 DBS Vickers Koufu 0.655 0.84 Buy PER17x FY19

Kimly - Stock calls


Date Analyst Company Last Target Call Valuation
03/10/17 Lim & Tan Kimly 0.25 0 Subscribe IPO
03/13/17 Amfrasers Kimly 0.25 0 Do not subscribe No competitive advantage
05/17/17 UOB Kay Hian Kimly 0.44 0.48 Hold DCF
08/08/17 UOB Kay Hian Kimly 0.375 0.46 Buy DCF
12/07/17 UOB Kay Hian Kimly 0.355 0.45 Buy DCF, PER22.8x FY18
04/16/18 DMG & Partners Kimly 0.34 0.43 Buy DCF, PER22.8x FY18
05/09/18 DMG & Partners Kimly 0.345 0.43 Buy DCF, PER22.8x FY18
06/22/18 DMG & Partners Kimly 0.345 0.43 Buy DCF
07/04/18 DMG & Partners Kimly 0.37 0.46 Buy DCF
08/10/18 DMG & Partners Kimly 0.335 0.46 Buy DCF
09/12/18 DMG & Partners Kimly 0.325 0.46 Buy DCF

Kim Heng - Stock calls


Date Analyst Company Last Target Call Valuation
03/03/17 OCBC Kim Heng 0.075 0.089 Hold PB0.8x FY17

Stock calls for 29 October 2018


Date Analyst Company Last Target Call Valuation
10/29/18 phillip Cache Logistics 0.71 0.75 Neutral DDM
10/29/18 OCBC Cache Logistics 0.71 0.78 Buy
10/29/18 CIMB Cache Logistics 0.71 0.78 Hold
10/29/18 UOB Kay Hian CapitaCommercial 1.72 2 Buy DDM
10/29/18 OCBC CapitaCommercial 1.72 1.68 Hold
10/29/18 CIMB CapitaCommercial 1.72 1.9 Add
10/29/18 Kim Eng Capitamall Trust 2.11 2.15 Hold
10/29/18 Kim Eng Frasers Hospitality Trust 0.7 0.8 Buy DDM
10/29/18 DBS Vickers Frasers Hospitality Trust 0.7 0.78 Buy DCF
10/29/18 OCBC Golden Agri 0.255 0.24 Hold
10/29/18 DBS Vickers Mapletree Commercial 1.64 1.8 Buy DCF, PB1.2x
10/29/18 OCBC Mapletree North Asia 1.13 1.34 Buy
10/29/18 phillip Sembcorp Marine 1.61 1.65 Neutral PB1.6x FY19
10/29/18 DBS Vickers Sembcorp Marine 1.61 2.4 Buy PB2.1x FY18
10/29/18 Lim & Tan Sembcorp Marine 1.61 0 Hold
10/29/18 CIMB Sunningdale 1.42 1.84 Add PB0.92x
10/29/18 phillip UOB 24.07 32.52 Buy GGM, PB1.4x FY19
10/29/18 DBS Vickers UOB 24.07 29.5 Buy GGM, PB1.3x FY19
10/29/18 DMG & Partners UOB 24.07 30.8 Buy GGM, PB1.41x FY19
10/29/18 CIMB UOB 24.07 31 Add
10/29/18 OCBC UOB 24.07 28.8 Buy
10/29/18 Jefferies UOB 24.07 32 Buy
10/29/18 OCBC Wing Tai 1.94 2.41 Buy

The USD is rising.


We had stated previously that the USD would rise in our previous post below.

http://sg-stock.blogspot.com/2017/12/the-usd-has-been-falling-recently.html

Furthermore, there is a shortage of USD in the world except for USA.  Please read our post below to find out more.

http://sg-stock.blogspot.com/2018/10/usd-has-supply-shortage-now.html


Apple's Iphone XR is having lukewarm sales in China.

Look like anti-US movement in China is taking effect and is affecting Apple's sales in China.

http://sg-stock.blogspot.com/2018/10/omg-anti-us-movement-has-started-in.html

Stores selling Apple's iPhones are reporting lukewarm sales in China now.

Saturday, October 27, 2018

Lankom Electronics will be forced to delist on 5 Nov.

https://www.businesstimes.com.sg/companies-markets/lankom-electronics-to-be-delisted-on-nov-5

Lankom Electronics will be forced to delist on 5 Nov.

There a number of companies which have delisted from SGX this year and there would be more coming.

Noble group defaulted on its 2020 notes.

https://www.businesstimes.com.sg/companies-markets/noble-groups-2020-noteholders-informed-of-default-board

The high interest rate on the notes forced Noble to declare bankrupt in the US and rendered the default on the notes.

Even with the restructuring, Noble won't be able to service its high debt because of the high interest rates.  Furthermore, interest rates are rising globally now.

Many Singapore retail investors don't understand bond trading.

Temasek retail bond closed at $1.022 which denoted that the bond yield was a lot lower than 2.7%.

I've calculated the bond yield below in a simple bond cashflow table.
The bond yield at $1.022 is 2.23%.  Therefore, it is stupid for retail investors to purchase the bond at $1.022 as there are other financial derivatives to invest in to yield a much higher return.

A quick outlook on US GDP growth.

https://finance.yahoo.com/news/u-gdp-grows-above-forecast-123002246.html

The US economic growth was at 3.5% in the 3rd Quarter which was above forecast.

What were the growth sectors?

Inventory buildup was up.
Consumer spending was up.
Government spending was up.

What were the declining sectors?

Business investment was down
Net export was down.

In a nutshell, the US economic growth was supported by internal factors whilst the external factors were declining.

Baltic dry index - 1519

Today, Friday , October 26 2018, the Baltic Dry Index climbed by 3 points, reaching 1519 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.
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Related stocks: Sembcorp Marine, Cosco & Pan Ocean.

US rig count - 1068

The US drilling rig count was up 1 unit to 1,068 rigs working for the week ended Oct. 26, according to Baker Hughes data. The count is up 159 units from the 909 rigs working this time a year ago.
Land-based rigs rose 2 units to 1,046 for the week. Offshore units fell by 1 to 19 rigs working, while those drilling in inland waters remained unchanged at 3 rigs working.
Oil-directed rigs were up 2 units from last week to 875 units working, and up 138 units from the 737 rigs drilling for oil this week a year ago. Gas-directed rigs were down 1 unit to 193, yet up 21 units from the 172 rigs drilling for gas a year ago.
Among the major oil and gas-producing states, North Dakota and Alaska were the biggest gainers this week, up 2 rigs each to respective counts of 54 and 5.
New Mexico, with 101 rigs working, and West Virginia, with 14 units drilling, were up 1 unit each this week vs. last.
Seven states remained unchanged this week, namely, Oklahoma, 141; Pennsylvania, 44; Wyoming, 30; Ohio, 17; California, 15; Utah, 6; and Kansas, 1.
Colorado, down 1 rig from last week, reached 32 units working. Texas, at 537 units working, and Louisiana, with 61 rigs drilling, were each down 3 rigs vs. last week.
Canada’s rig count gained 9 units for the week. With 200 rigs running, the count is 9 units higher than the 191 rigs working this time last year. Canada gained 1 oil-directed rig to reach 124 units for the week. Its gas-directed rig count was up 8 units to 76 rigs working.

===========================

Related stocks: Keppel Corp, Sembcorp Marine, Cosco.

Friday, October 26, 2018

Anwar went to Beijing to meet Wang Yi to repair the soured relationship.

https://www.scmp.com/week-asia/geopolitics/article/2170051/malaysias-anwar-underlines-serious-bid-strengthen-ties-after

Anwar, the PM-in-waiting, went to Beijing to meet Wang Yi to repair the soured relationship between the 2 nations.

Anwar will rekindle the terminated China projects when he becomes the PM.

Keppel T&T - Stock calls


Date Analyst Company Last Target Call Valuation
01/03/17 UOB Kay Hian Keppel T&T 1.715 2.53 Buy
01/26/17 CIMB Keppel T&T 1.765 1.7 Hold Sum of parts (20% discount)
01/26/17 UOB Kay Hian Keppel T&T 1.765 2.51 Buy Sum of parts
03/21/17 UOB Kay Hian Keppel T&T 1.75 2.51 Buy
04/07/17 Lim & Tan Keppel T&T 1.765 0 Buy
04/19/17 CIMB Keppel T&T 1.755 1.73 Hold Sum of parts (20% discount)
04/19/17 UOB Kay Hian Keppel T&T 1.755 2.51 Buy Sum of parts
05/17/17 UOB Kay Hian Keppel T&T 1.745 2.51 Buy Sum of parts
09/08/17 UOB Kay Hian Keppel T&T 1.5 1.9 Buy Sum of parts
10/02/17 UOB Kay Hian Keppel T&T 1.49 1.9 Buy Sum of parts
01/25/18 UOB Kay Hian Keppel T&T 1.7 1.9 Buy Sum of parts
04/18/18 UOB Kay Hian Keppel T&T 1.57 1.75 Buy PER30.1x FY19
08/28/18 UOB Kay Hian Keppel T&T 1.4 1.51 Hold Sum of parts, Buy @ $1.36
09/17/18 UOB Kay Hian Keppel T&T 1.34 1.51 Hold Sum of parts, Buy @ $1.30
09/28/18 UOB Kay Hian Keppel T&T 1.36 1.91 Accept Offer Offer $1.91
09/28/18 Lim & Tan Keppel T&T 1.36 0 Take Profit

Keppel Reit - Stock calls


Date Analyst Company Last Target Call Valuation
01/09/17 DBS Vickers Keppel Reit 1.05 1.23 Buy DCF
01/09/17 Morgan Stanley Keppel Reit 1.05 0.9 Underweight
01/11/17 Kim Eng Keppel Reit 1.055 1.21 Buy
01/25/17 CIMB Keppel Reit 1.045 1.03 Hold DDM
01/25/17 Credit Suisse Keppel Reit 1.045 0.97 Neutral
01/25/17 DIR Keppel Reit 1.045 0.95 Underperform DDM
01/25/17 DMG & Partners Keppel Reit 1.045 0.99 Neutral DDM
01/25/17 Kim Eng Keppel Reit 1.045 1.18 Buy
01/25/17 Religare Keppel Reit 1.045 1.02 Hold
01/25/17 UOB Kay Hian Keppel Reit 1.045 1.21 Buy DDM
02/07/17 DIR Keppel Reit 1.19 0.92 Underperform DDM
02/09/17 Credit Suisse Keppel Reit 1.02 1 Neutral
02/17/17 JP Morgan Keppel Reit 1.015 1.15 Overweight
02/28/17 Deutsche Keppel Reit 1.025 1 Hold
03/07/17 UOB Kay Hian Keppel Reit 1.02 1.21 Buy
03/10/17 DMG & Partners Keppel Reit 1.01 0.99 Neutral
03/17/17 DBS Vickers Keppel Reit 1.015 1.23 Buy
04/07/17 DMG & Partners Keppel Reit 1.055 0.99 Neutral DDM
04/11/17 UOB Kay Hian Keppel Reit 1.055 1.21 Buy
04/18/17 DIR Keppel Reit 1.055 0.92 Underperform DDM
04/18/17 Kim Eng Keppel Reit 1.055 1.18 Buy Yield 5.25%
04/20/17 CIMB Keppel Reit 1.07 1.09 Hold DDM
04/21/17 DIR Keppel Reit 1.05 0.94 Underperform DDM
05/18/17 DBS Vickers Keppel Reit 1.065 1.23 Buy
05/18/17 Deutsche Keppel Reit 1.065 1.1 Hold
05/25/17 UOB Kay Hian Keppel Reit 1.095 1.3 Buy
06/12/17 DBS Vickers Keppel Reit 1.14 1.23 Buy
06/22/17 Deutsche Keppel Reit 1.145 1.1 Hold
06/22/17 OCBC Keppel Reit 1.145 1.23 Buy
07/03/17 DIR Keppel Reit 1.145 0.98 Underperform DDM
07/11/17 Kim Eng Keppel Reit 1.15 1.18 Buy
07/12/17 DMG & Partners Keppel Reit 1.16 0.99 Neutral
07/19/17 UOB Kay Hian Keppel Reit 1.17 1.3 Buy DDM
07/19/17 DMG & Partners Keppel Reit 1.17 1.05 Neutral DDM
07/19/17 Credit Suisse Keppel Reit 1.17 0.97 Underperform
07/19/17 CIMB Keppel Reit 1.17 1.16 Hold DDM
07/19/17 Kim Eng Keppel Reit 1.17 1.18 Hold
07/19/17 DBS Vickers Keppel Reit 1.17 1.23 Buy DCF
08/01/17 DBS Vickers Keppel Reit 1.16 1.23 Buy
09/21/17 DMG & Partners Keppel Reit 1.175 1.05 Neutral
09/25/17 Kim Eng Keppel Reit 1.165 1.18 Hold
10/19/17 DMG & Partners Keppel Reit 1.195 1.05 Neutral
10/19/17 DBS Vickers Keppel Reit 1.195 1.28 Buy DCF
10/19/17 DIR Keppel Reit 1.195 0.98 Underperform DDM
10/19/17 UOB Kay Hian Keppel Reit 1.195 1.3 Buy DDM
10/19/17 CIMB Keppel Reit 1.195 1.2 Hold DDM
11/03/17 Morgan Stanley Keppel Reit 1.175 0.95 Underweight Target Yield 6.5%
11/28/17 Macquarie Keppel Reit 1.25 1.3 Outperform
12/01/17 UOB Kay Hian Keppel Reit 1.26 1.43 Buy
12/18/17 DBS Vickers Keppel Reit 1.25 1.39 Buy
12/18/17 Kim Eng Keppel Reit 1.25 1.19 Hold Target yield 5.25%, Up from $1.16
01/04/18 Deutsche Keppel Reit 1.27 1.25 Hold
01/05/18 DMG & Partners Keppel Reit 1.27 1.05 Neutral
01/24/18 Kim Eng Keppel Reit 1.32 1.19 Hold
01/24/18 UOB Kay Hian Keppel Reit 1.32 1.43 Buy DDM
01/24/18 Credit Suisse Keppel Reit 1.32 0.97 Underperform
01/24/18 CIMB Keppel Reit 1.32 1.34 Hold DDM
01/24/18 DBS Vickers Keppel Reit 1.32 1.41 Buy DCF
01/24/18 DMG & Partners Keppel Reit 1.32 1.06 Sell DDM
02/14/18 Deutsche Keppel Reit 1.18 1.3 Buy
03/19/18 DBS Vickers Keppel Reit 1.21 1.41 Buy
04/19/18 UOB Kay Hian Keppel Reit 1.2 1.43 Buy DDM
04/19/18 DBS Vickers Keppel Reit 1.2 1.41 Buy
04/19/18 Lim & Tan Keppel Reit 1.2 0 Hold
05/17/18 DMG & Partners Keppel Reit 1.18 1.06 Sell
07/17/18 CIMB Keppel Reit 1.14 1.34 Add DDM
07/17/18 UOB Kay Hian Keppel Reit 1.14 1.35 Buy DDM
07/17/18 DBS Vickers Keppel Reit 1.14 1.41 Buy DCF
08/02/18 DBS Vickers Keppel Reit 1.19 1.41 Buy
09/14/18 DBS Vickers Keppel Reit 1.16 1.41 Buy
09/25/18 Deutsche Keppel Reit 1.19 1.3 Buy
10/16/18 UOB Kay Hian Keppel Reit 1.14 1.35 Buy DDM
10/16/18 DMG & Partners Keppel Reit 1.14 1.07 Neutral DDM
10/16/18 DBS Vickers Keppel Reit 1.14 1.41 Buy
10/16/18 CIMB Keppel Reit 1.14 1.34 Add DDM

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
07/19/18 DBS Vickers Keppel KBS 0.88 0.95 Buy DCF
09/25/18 DBS Vickers Keppel KBS 0.78 0.95 Buy
10/19/18 DBS Vickers Keppel KBS 0.73 0.95 Buy

Stock calls for 26 October 2018


Date Analyst Company Last Target Call Valuation
10/26/18 CIMB A-Reit 2.58 2.84 Add DDM
10/26/18 DBS Vickers A-Reit 2.58 2.95 Buy DCF
10/26/18 Phillip A-Reit 2.58 2.78 Accumulate DDM, PB1.3x FY19
10/26/18 OCBC A-Reit 2.58 2.64 Hold
10/26/18 Kim Eng A-Reit 2.58 2.95 Buy DDM
10/26/18 DBS Vickers AIMS AMP Cap Ind Reit 1.35 1.55 Buy DCF
10/26/18 OCBC CapitaCommercial 1.73 1.69 Hold
10/26/18 DBS Vickers Capitamall Trust 2.17 2.45 Buy
10/26/18 Phillip Capitamall Trust 2.17 2.09 Neutral DDM, PB0.99x FY18
10/26/18 OCBC Capitamall Trust 2.17 2.12 Hold
10/26/18 DMG & Partners Frasers Centrepoint Trust 2.22 2.19 Neutral
10/26/18 Kim Eng M1 2.09 1.63 Sell DDM
10/26/18 DMG & Partners M1 2.09 2.06 Neutral
10/26/18 Kim Eng Mapletree Commercial 1.63 1.6 Hold DDM
10/26/18 CIMB Mapletree Commercial 1.63 1.75 Add
10/26/18 Kim Eng Mapletree Industrial 1.96 2.25 Buy
10/26/18 Kim Eng Netlink 0.78 0.93 Buy
10/26/18 DBS Vickers Parkway Life 2.63 3.1 Buy DCF
10/26/18 CIMB Parkway Life 2.63 3.05 Hold
10/26/18 CIMB Sembcorp Marine 1.72 2.46 Add PB2.2x CY18
10/26/18 UOB Kay Hian Sembcorp Marine 1.72 1.83 Hold PB1.7x FY18, Buy @ $1.65
10/26/18 OCBC Sembcorp Marine 1.72 1.73 Hold
10/26/18 Exotix Capital Thai Beverage 0.63 0.9 Buy
10/26/18 Lim & Tan UOB 24.95 0 Buy
10/26/18 OCBC UOB 24.95 32.09 Buy

China is trying to snare petrochemical businesses from Singapore now.

https://finance.yahoo.com/news/big-oil-woos-china-24-210000913.html

Singapore is a petrochemical hub because it is the world's 3rd largest oil refinery.

However, I believe China will displace Singapore in the future because it is the largest energy consumer in the world now and has all the right conditions to develop its own petrochemical hub to displace Singapore.

https://www.iea.org/countries/singapore/

https://ycharts.com/indicators/singapore_oil_refinery_capacities

Thursday, October 25, 2018

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
07/19/18 DBS Vickers Keppel Infrastructure 0.53 0.58 Buy DDM
10/18/18 DBS Vickers Keppel Infrastructure 0.49 0.58 Buy DDM
10/18/18 Lim & Tan Keppel Infrastructure 0.49 0 Hold