| Date | Analyst | Company | Last | Target | Call | Valuation |
| 03/12/19 | Amfrasers | Frencken | 0.51 | 0.67 | Buy | PER10x FY19 |
| 04/15/19 | DBS Vickers | Frencken | 0.6 | 0.75 | Buy | PER8.5x FY19/20 |
| 04/17/19 | CIMB | Frencken | 0.635 | 0.9 | Add | PER10x FY20 |
| 05/09/19 | DMG & Partners | Frencken | 0.615 | 0.82 | Buy | DCF |
| 05/10/19 | DBS Vickers | Frencken | 0.615 | 0.75 | Buy | PER8.5x FY19/20 |
| 05/10/19 | Lim & Tan | Frencken | 0.615 | 0 | Buy | |
| 05/10/19 | CIMB | Frencken | 0.615 | 0.9 | Add | |
| 05/14/19 | Amfrasers | Frencken | 0.595 | 0.67 | Buy | PER10x FY19 |
| 06/12/19 | DMG & Partners | Frencken | 0.625 | 0.82 | Buy | DCF |
| 08/13/19 | DBS Vickers | Frencken | 0.66 | 0.8 | Buy | |
| 08/13/19 | CIMB | Frencken | 0.66 | 0.9 | Add | |
| 08/13/19 | DMG & Partners | Frencken | 0.66 | 0.82 | Buy | DCF |
| 08/13/19 | DBS Vickers | Frencken | 0.66 | 0.8 | Buy | PER8.5x |
| 08/22/19 | CIMB | Frencken | 0.73 | 0.95 | Add | |
| 08/22/19 | Amfrasers | Frencken | 0.73 | 0.81 | Neutral | PER10x FY20 |
| 09/11/19 | Amfrasers | Frencken | 0.675 | 0.81 | outperform | PER10x FY20 |
| 10/08/19 | DMG & Partners | Frencken | 0.675 | 0.82 | Buy | |
| 11/07/19 | CIMB | Frencken | 0.72 | 0.94 | Add | PER10x FY20 |
| 11/07/19 | Amfrasers | Frencken | 0.72 | 0.93 | outperform | PER10x FY20 |
| 11/07/19 | DBS Vickers | Frencken | 0.72 | 0.95 | Buy | PER9x FY20 |
| 11/11/19 | DMG & Partners | Frencken | 0.76 | 0.82 | Buy | DCF |
| 11/18/19 | Amfrasers | Frencken | 0.92 | 0.93 | Neutral | PER10x FY20 |
| 11/29/19 | DBS Vickers | Frencken | 0.905 | 1.06 | Buy | PER10x FY20 |
| 12/02/19 | Amfrasers | Frencken | 0.89 | 0.93 | outperform | PER10x FY20 |
| 12/10/19 | DMG & Partners | Frencken | 0.94 | 0.92 | Neutral | DCF |
| 01/24/20 | DBS Vickers | Frencken | 0.91 | 1.06 | Buy | PER10x FY20 |
Friday, January 31, 2020
Frencken - Stock calls
Frasers Property - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/17/19 | DBS Vickers | Frasers Property | 1.74 | 1.98 | Buy | RNAV (35% discount) |
| 02/14/19 | CIMB | Frasers Property | 1.7 | 2.08 | Add | |
| 02/14/19 | DBS Vickers | Frasers Property | 1.7 | 1.98 | Buy | RNAV (35% discount) |
| 03/22/19 | DBS Vickers | Frasers Property | 1.77 | 1.98 | Buy | RNAV (35% discount) |
| 04/08/19 | DBS Vickers | Frasers Property | 1.81 | 1.98 | Buy | |
| 04/10/19 | DBS Vickers | Frasers Property | 1.84 | 2.3 | Buy | RNAV (35% discount) |
| 05/06/19 | DBS Vickers | Frasers Property | 1.89 | 2.3 | Buy | RNAV (35% discount) |
| 05/07/19 | CIMB | Frasers Property | 1.85 | 2.08 | Add | |
| 11/18/19 | DBS Vickers | Frasers Property | 1.82 | 2.05 | Buy | RNAV (40% discount) |
Frasers Logistics - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/28/19 | DBS Vickers | Frasers Logistics | 1.06 | 1.2 | Buy | DCF |
| 01/28/19 | OCBC | Frasers Logistics | 1.06 | 1.19 | Buy | |
| 01/28/19 | CIMB | Frasers Logistics | 1.06 | 1.19 | Add | |
| 02/08/19 | DBS Vickers | Frasers Logistics | 1.09 | 1.2 | Buy | |
| 04/03/19 | DBS Vickers | Frasers Logistics | 1.16 | 1.2 | Buy | |
| 04/30/19 | OCBC | Frasers Logistics | 1.18 | 1.2 | Hold | |
| 05/02/19 | CIMB | Frasers Logistics | 1.18 | 1.21 | Hold | DDM |
| 06/28/19 | OCBC | Frasers Logistics | 1.19 | 1.2 | Hold | |
| 07/04/19 | OCBC | Frasers Logistics | 1.23 | 1.2 | Hold | |
| 07/04/19 | Lim & Tan | Frasers Logistics | 1.23 | 0 | Hold | |
| 07/04/19 | CIMB | Frasers Logistics | 1.23 | 1.25 | Hold | |
| 08/21/19 | CIMB | Frasers Logistics | 1.2 | 1.27 | Add | |
| 08/21/19 | OCBC | Frasers Logistics | 1.2 | 1.22 | Hold | |
| 11/06/19 | Lim & Tan | Frasers Logistics | 1.25 | 0 | Hold | |
| 11/07/19 | OCBC | Frasers Logistics | 1.26 | 1.28 | Hold | |
| 11/07/19 | DBS Vickers | Frasers Logistics | 1.26 | 1.4 | Buy | DCF |
| 11/07/19 | CIMB | Frasers Logistics | 1.26 | 1.31 | Add | |
| 12/03/19 | CIMB | Frasers Logistics | 1.24 | 1.31 | Add |
Stock calls for 31 January 2020
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/31/20 | Lim & Tan | AIMS AMP Cap Ind Reit | 1.43 | 0 | Hold | |
| 01/31/20 | Kim Eng | ART | 1.27 | 1.4 | Hold | DDM |
| 01/31/20 | DBS Vickers | ART | 1.27 | 1.5 | Buy | |
| 01/31/20 | OCBC | Cache Logistics | 0.715 | 0.74 | Hold | |
| 01/31/20 | DMG & Partners | CDL Hospitality | 1.56 | 1.62 | Neutral | DDM |
| 01/31/20 | DBS Vickers | CDL Hospitality | 1.56 | 1.75 | Buy | DCF |
| 01/31/20 | CIMB | First Reit | 1.02 | 1.15 | Add | DDM |
| 01/31/20 | CIMB | Japfa | 0.56 | 0.69 | Add | |
| 01/31/20 | Kim Eng | Japfa | 0.56 | 0.72 | Buy | |
| 01/31/20 | CIMB | Mapletree Logistics | 1.85 | 1.59 | Hold | |
| 01/31/20 | phillip | SGX | 8.7 | 8.52 | Neutral | PER21.5x |
The US GDP growth exceeds expectations.
https://www.whitehouse.gov/articles/united-states-gdp-growth-continues-exceeding-expectations/
Just as we expected, the US 4th quarter GDP growth came out well at 2.1% but it was just an illusion because consumer spending declined significantly.
http://sg-stock.blogspot.com/2020/01/the-upcoming-us-gdp-will-be-better.html
Just as we expected, the US 4th quarter GDP growth came out well at 2.1% but it was just an illusion because consumer spending declined significantly.
http://sg-stock.blogspot.com/2020/01/the-upcoming-us-gdp-will-be-better.html
WHO declares international emergency over Wuhan virus.
https://www.channelnewsasia.com/news/world/wuhan-virus-who-international-emergency-declare-12372372?cid=emarsys-cna_20200130_2359_FINAL+CNA+Mon+to+Sat+newsletter+%280740%29_newsletter_31012020_cna&sc_customer=8c11b763-c6a4-4499-a650-cf4c2c3d82d8&sc_src=email&sc_llid=47345&sc_lid=102252522&sc_uid=iU1UgaxgzQ
WHO declares an international emergency over Wuhan virus after we reported the lockdown in Hainan. Hainan is so far away from Wuhan but it is in lockdown. This shows that the virus situation is very bad in China.
http://sg-stock.blogspot.com/2020/01/the-real-coronavirus-situation-in-china.html
WHO declares an international emergency over Wuhan virus after we reported the lockdown in Hainan. Hainan is so far away from Wuhan but it is in lockdown. This shows that the virus situation is very bad in China.
http://sg-stock.blogspot.com/2020/01/the-real-coronavirus-situation-in-china.html
The real coronavirus situation in China.
The situation is very dire in China now.
I've just checked with my China relative from Hainan. He told me that Hainan island was in lockdown as MRT and shops were mostly closed.
China has not reached the virus peak period yet and the situation will get worse before it gets better.
I've just checked with my China relative from Hainan. He told me that Hainan island was in lockdown as MRT and shops were mostly closed.
China has not reached the virus peak period yet and the situation will get worse before it gets better.
Thursday, January 30, 2020
China's coronavirus has mutated.
https://www3.nhk.or.jp/nhkworld/en/news/20200130_37/
Japan has detected 3 cases of the new coronavirus without symptoms.
It will be harder to contain the new virus if there is no symptom because normal temperature screening at the customs won't be able to detect sick people.
Japan has detected 3 cases of the new coronavirus without symptoms.
It will be harder to contain the new virus if there is no symptom because normal temperature screening at the customs won't be able to detect sick people.
Frasers Hospitality Trust - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/01/19 | Kim Eng | Frasers Hospitality Trust | 0.735 | 0.8 | Buy | DDM |
| 02/01/19 | DBS Vickers | Frasers Hospitality Trust | 0.735 | 0.78 | Buy | |
| 02/04/19 | UOB Kay Hian | Frasers Hospitality Trust | 0.74 | 0.82 | Buy | |
| 05/03/19 | Kim Eng | Frasers Hospitality Trust | 0.745 | 0.85 | Buy | |
| 05/03/19 | DBS Vickers | Frasers Hospitality Trust | 0.745 | 0.77 | Hold | DCF |
| 07/12/19 | DBS Vickers | Frasers Hospitality Trust | 0.72 | 0.77 | Hold | DCF |
| 10/09/19 | DBS Vickers | Frasers Hospitality Trust | 0.715 | 0.77 | Hold | |
| 10/31/19 | DBS Vickers | Frasers Hospitality Trust | 0.735 | 0.78 | Hold | DCF |
| 11/01/19 | Kim Eng | Frasers Hospitality Trust | 0.735 | 0.8 | Buy | DDM |
| 01/28/20 | DBS Vickers | Frasers Hospitality Trust | 0.715 | 0.78 | Hold | DCF |
Frasers Commercial Trust - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/18/19 | DBS Vickers | Frasers Commercial Trust | 1.47 | 1.7 | Buy | |
| 01/21/19 | OCBC | Frasers Commercial Trust | 1.45 | 1.56 | Buy | |
| 01/21/19 | CIMB | Frasers Commercial Trust | 1.45 | 1.5 | Hold | DDM |
| 01/21/19 | Lim & Tan | Frasers Commercial Trust | 1.45 | 0 | Hold | |
| 03/18/19 | DMG & Partners | Frasers Commercial Trust | 1.47 | 1.5 | Neutral | |
| 04/08/19 | DBS Vickers | Frasers Commercial Trust | 1.47 | 1.7 | Buy | |
| 04/24/19 | DMG & Partners | Frasers Commercial Trust | 1.49 | 1.5 | Neutral | DDM |
| 04/24/19 | OCBC | Frasers Commercial Trust | 1.49 | 1.58 | Buy | |
| 04/24/19 | CIMB | Frasers Commercial Trust | 1.49 | 1.5 | Hold | DDM |
| 06/06/19 | DBS Vickers | Frasers Commercial Trust | 1.51 | 1.7 | Buy | |
| 06/26/19 | OCBC | Frasers Commercial Trust | 1.58 | 1.69 | Buy | |
| 06/26/19 | CIMB | Frasers Commercial Trust | 1.58 | 1.64 | Add | DDM |
| 06/27/19 | DMG & Partners | Frasers Commercial Trust | 1.66 | 1.65 | Neutral | DDM |
| 07/04/19 | DMG & Partners | Frasers Commercial Trust | 1.68 | 1.65 | Neutral | |
| 07/12/19 | DBS Vickers | Frasers Commercial Trust | 1.65 | 1.7 | Hold | DCF |
| 07/22/19 | OCBC | Frasers Commercial Trust | 1.64 | 1.7 | Hold | |
| 10/04/19 | DBS Vickers | Frasers Commercial Trust | 1.6 | 1.7 | Hold | DCF |
| 10/23/19 | DMG & Partners | Frasers Commercial Trust | 1.64 | 1.65 | Neutral | DDM |
| 10/24/19 | OCBC | Frasers Commercial Trust | 1.65 | 1.76 | Hold | |
| 10/24/19 | CIMB | Frasers Commercial Trust | 1.65 | 1.71 | Add | DDM |
| 12/03/19 | DMG & Partners | Frasers Commercial Trust | 1.71 | 1.68 | Take Profit | PB1.05x |
| 12/03/19 | CIMB | Frasers Commercial Trust | 1.71 | 1.71 | Add |
Frasers Centrepoint Trust - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/17/19 | Kim Eng | Frasers Centrepoint Trust | 2.27 | 2.55 | Buy | DDM |
| 01/17/19 | Citibank | Frasers Centrepoint Trust | 2.27 | 2.23 | Hold | |
| 01/22/19 | Lim & Tan | Frasers Centrepoint Trust | 2.26 | 0 | Hold | |
| 01/22/19 | OCBC | Frasers Centrepoint Trust | 2.26 | 2.5 | Buy | |
| 01/23/19 | Phillip | Frasers Centrepoint Trust | 2.27 | 2.21 | Neutral | DDM, PB1.09x FY19 |
| 01/23/19 | DBS Vickers | Frasers Centrepoint Trust | 2.27 | 2.4 | Buy | |
| 01/28/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.29 | 2.32 | Buy | |
| 01/28/19 | CIMB | Frasers Centrepoint Trust | 2.29 | 2.35 | Add | DDM |
| 02/15/19 | Phillip | Frasers Centrepoint Trust | 2.24 | 2.21 | Neutral | |
| 02/28/19 | Kim Eng | Frasers Centrepoint Trust | 2.3 | 2.55 | Buy | |
| 03/01/19 | OCBC | Frasers Centrepoint Trust | 2.29 | 2.5 | Buy | |
| 03/01/19 | DBS Vickers | Frasers Centrepoint Trust | 2.29 | 2.4 | Buy | DCF |
| 03/14/19 | DBS Vickers | Frasers Centrepoint Trust | 2.26 | 2.6 | Buy | |
| 03/18/19 | DMG & Partners | Frasers Centrepoint Trust | 2.28 | 2.19 | Neutral | |
| 04/03/19 | DBS Vickers | Frasers Centrepoint Trust | 2.38 | 2.6 | Buy | |
| 04/04/19 | Kim Eng | Frasers Centrepoint Trust | 2.36 | 2.6 | Buy | |
| 04/24/19 | Lim & Tan | Frasers Centrepoint Trust | 2.36 | 0 | Buy | |
| 04/25/19 | DMG & Partners | Frasers Centrepoint Trust | 2.36 | 2.19 | Neutral | DDM |
| 04/25/19 | OCBC | Frasers Centrepoint Trust | 2.36 | 2.61 | Buy | DDM |
| 04/26/19 | Phillip | Frasers Centrepoint Trust | 2.37 | 2.31 | Neutral | DDM |
| 05/17/19 | OCBC | Frasers Centrepoint Trust | 2.45 | 2.61 | Buy | |
| 05/17/19 | DMG & Partners | Frasers Centrepoint Trust | 2.45 | 2.25 | Neutral | |
| 05/17/19 | CIMB | Frasers Centrepoint Trust | 2.45 | 2.55 | Add | DDM |
| 05/21/19 | Kim Eng | Frasers Centrepoint Trust | 2.4 | 2.6 | Buy | |
| 05/23/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.41 | 2.71 | Buy | |
| 05/24/19 | Phillip | Frasers Centrepoint Trust | 2.44 | 2.36 | Neutral | DDM |
| 06/06/19 | DMG & Partners | Frasers Centrepoint Trust | 2.52 | 2.25 | Neutral | |
| 06/10/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.52 | 2.71 | Buy | |
| 06/19/19 | Phillip | Frasers Centrepoint Trust | 2.61 | 2.36 | Neutral | |
| 06/21/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.55 | 2.72 | Buy | |
| 06/24/19 | DBS Vickers | Frasers Centrepoint Trust | 2.54 | 2.85 | Buy | |
| 06/24/19 | Amfrasers | Frasers Centrepoint Trust | 2.54 | 2.33 | Neutral | DDM |
| 06/24/19 | Citibank | Frasers Centrepoint Trust | 2.54 | 2.43 | Hold | |
| 06/25/19 | Kim Eng | Frasers Centrepoint Trust | 2.59 | 2.6 | Buy | |
| 07/04/19 | DMG & Partners | Frasers Centrepoint Trust | 2.64 | 2.25 | Neutral | |
| 07/12/19 | DBS Vickers | Frasers Centrepoint Trust | 2.64 | 2.95 | Buy | |
| 07/16/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.62 | 2.72 | Buy | |
| 07/22/19 | Phillip | Frasers Centrepoint Trust | 2.65 | 2.36 | Neutral | |
| 07/24/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.65 | 2.66 | Hold | DDM, Buy @ $2.42 |
| 07/24/19 | Kim Eng | Frasers Centrepoint Trust | 2.65 | 2.8 | Buy | DDM |
| 07/24/19 | OCBC | Frasers Centrepoint Trust | 2.65 | 2.69 | Hold | |
| 07/24/19 | CIMB | Frasers Centrepoint Trust | 2.65 | 2.79 | Add | DDM |
| 07/24/19 | Lim & Tan | Frasers Centrepoint Trust | 2.65 | 0 | Hold | |
| 07/26/19 | Amfrasers | Frasers Centrepoint Trust | 2.63 | 2.51 | Neutral | |
| 07/29/19 | Phillip | Frasers Centrepoint Trust | 2.68 | 2.77 | Accumulate | DDM |
| 08/22/19 | CIMB | Frasers Centrepoint Trust | 2.68 | 2.79 | Add | |
| 08/26/19 | Phillip | Frasers Centrepoint Trust | 2.68 | 2.77 | Accumulate | |
| 08/30/19 | CIMB | Frasers Centrepoint Trust | 2.74 | 2.9 | Add | DDM |
| 08/30/19 | DMG & Partners | Frasers Centrepoint Trust | 2.74 | 2.55 | Neutral | DDM |
| 09/19/19 | Kim Eng | Frasers Centrepoint Trust | 2.7 | 2.8 | Buy | |
| 09/24/19 | Phillip | Frasers Centrepoint Trust | 2.71 | 2.77 | Accumulate | |
| 10/02/19 | DBS Vickers | Frasers Centrepoint Trust | 2.7 | 2.95 | Buy | |
| 10/18/19 | Phillip | Frasers Centrepoint Trust | 2.77 | 2.77 | Accumulate | |
| 10/24/19 | DMG & Partners | Frasers Centrepoint Trust | 2.72 | 2.55 | Neutral | DDM |
| 10/24/19 | OCBC | Frasers Centrepoint Trust | 2.72 | 2.75 | Hold | |
| 10/24/19 | UOB Kay Hian | Frasers Centrepoint Trust | 2.72 | 3.05 | Buy | |
| 10/24/19 | Lim & Tan | Frasers Centrepoint Trust | 2.72 | 0 | Hold | |
| 10/25/19 | Phillip | Frasers Centrepoint Trust | 2.75 | 3.11 | Accumulate | DDM |
| 11/18/19 | Citibank | Frasers Centrepoint Trust | 2.72 | 3 | Buy | |
| 11/25/19 | Phillip | Frasers Centrepoint Trust | 2.76 | 3.11 | Accumulate | |
| 11/25/19 | CIMB | Frasers Centrepoint Trust | 2.76 | 2.89 | Add | |
| 12/10/19 | DMG & Partners | Frasers Centrepoint Trust | 2.74 | 2.55 | Neutral | |
| 12/16/19 | Phillip | Frasers Centrepoint Trust | 2.67 | 3.11 | Buy | |
| 12/19/19 | DBS Vickers | Frasers Centrepoint Trust | 2.7 | 2.95 | Buy | |
| 01/23/20 | Kim Eng | Frasers Centrepoint Trust | 2.8 | 2.85 | Hold | DDM |
| 01/23/20 | Lim & Tan | Frasers Centrepoint Trust | 2.8 | 0 | Hold | |
| 01/23/20 | UOB Kay Hian | Frasers Centrepoint Trust | 2.8 | 3.05 | Buy | |
| 01/24/20 | DBS Vickers | Frasers Centrepoint Trust | 2.86 | 2.95 | Buy | |
| 01/29/20 | Phillip | Frasers Centrepoint Trust | 2.86 | 3.11 | Accumulate | DDM |
Stock calls for 30 January 2020
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/30/20 | DBS Vickers | ESR-Reit | 0.555 | 0.48 | Hold | DCF |
| 01/30/20 | Lim & Tan | First Reit | 0.995 | 0 | Buy on weakness | |
| 01/30/20 | UOB Kay Hian | Netlink | 1 | 1.05 | Buy | DCF |
| 01/30/20 | DBS Vickers | Sabana | 0.46 | 0.48 | Hold | DCF |
| 01/30/20 | DMG & Partners | Starhill | 0.71 | 0.76 | Neutral | DDM |
| 01/30/20 | Kim Eng | Venture | 16.14 | 18.23 | Buy | |
| 01/30/20 | UOB Kay Hian | Wilmar | 3.99 | 4.75 | Buy |
The US FED kept its rates hold just as we had projected.
https://edition.cnn.com/2020/01/29/economy/federal-reserve-interest-rates-january-decision/index.html
Our FED's projection had materialized again.
http://sg-stock.blogspot.com/2020/01/what-will-fed-do-for-upcoming-meeting.html
Please read our analysis above to understand our methodology better.
Our FED's projection had materialized again.
http://sg-stock.blogspot.com/2020/01/what-will-fed-do-for-upcoming-meeting.html
Please read our analysis above to understand our methodology better.
Wednesday, January 29, 2020
Fortune Reit - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/25/19 | DBS Vickers | Fortune Reit | 9.8 | 10.68 | Buy | |
| 01/29/19 | DBS Vickers | Fortune Reit | 9.7 | 10.76 | Buy | |
| 03/06/19 | DBS Vickers | Fortune Reit | 9.8 | 10.76 | Buy | |
| 06/21/19 | DBS Vickers | Fortune Reit | 10.66 | 11.8 | Buy | DDM |
Food Empire - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 03/04/19 | DMG & Partners | Food Empire | 0.58 | 0.69 | Buy | |
| 04/05/19 | DMG & Partners | Food Empire | 0.56 | 0.69 | Buy | |
| 08/13/19 | DMG & Partners | Food Empire | 0.525 | 0.73 | Buy | PER13x FY19 |
| 11/12/19 | DMG & Partners | Food Empire | 0.54 | 0.73 | Buy | |
| 11/21/19 | DMG & Partners | Food Empire | 0.6 | 0.83 | Buy | PER12x FY20 |
| 12/11/19 | DMG & Partners | Food Empire | 0.6 | 0.73 | Buy | |
| 01/17/20 | DMG & Partners | Food Empire | 0.705 | 0.83 | Buy | PER12x FY20 |
First Sponsor - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 02/22/19 | DBS Vickers | First Sponsor | 1.27 | 1.62 | Buy | RNAV (35% discount) |
| 07/26/19 | DBS Vickers | First Sponsor | 1.31 | 1.62 | Buy | RNAV (35% discount) |
Stock calls for 29 January 2020
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| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/29/20 | Lim & Tan | Capitaland | 3.7 | 0 | Hold | |
| 01/29/20 | Phillip | Frasers Centrepoint Trust | 2.86 | 3.11 | Accumulate | DDM |
| 01/29/20 | UOB Kay Hian | Parkway Life | 3.6 | 3.78 | Buy | DDM |
Tuesday, January 28, 2020
What will the FED do for the upcoming meeting?
Let's analyze the 4 US interest rates to find out.
Iorr: 1.55% (Same as Dec 2019), Max limit is 1.75% as set by the US FED.
Effr: 1.55% (Same as Dec 2019)
Ioer: 1.55% (Same as Dec 2019)
On RRP: 1.45% (Same as Dec 2019), Min limit is 1.5% as set by the US FED.
Effr: 1.55%
Ioer: 1.55%
The Effr-Ioer spread is zero which means there is no monetary tightening condition. However, the On RRP (1.45%) is below the minimum limit set by the US FED because of the repo market intervention. Since the 4 US rates are the same as the previous month, we can project with the confidence that the US FED will stay put.
http://sg-stock.blogspot.com/2019/12/will-us-fed-cut-its-rates-in-december.html
Iorr: 1.55% (Same as Dec 2019), Max limit is 1.75% as set by the US FED.
Effr: 1.55% (Same as Dec 2019)
Ioer: 1.55% (Same as Dec 2019)
On RRP: 1.45% (Same as Dec 2019), Min limit is 1.5% as set by the US FED.
Effr: 1.55%
Ioer: 1.55%
The Effr-Ioer spread is zero which means there is no monetary tightening condition. However, the On RRP (1.45%) is below the minimum limit set by the US FED because of the repo market intervention. Since the 4 US rates are the same as the previous month, we can project with the confidence that the US FED will stay put.
http://sg-stock.blogspot.com/2019/12/will-us-fed-cut-its-rates-in-december.html
First Resources - Stock calls
| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/03/19 | UOB Kay Hian | First Resources | 1.56 | 1.6 | Hold | |
| 02/20/19 | UOB Kay Hian | First Resources | 1.72 | 1.85 | Hold | PER13x FY19, Buy @ $1.65 |
| 02/21/19 | Kim Eng | First Resources | 1.69 | 2.1 | Buy | |
| 03/01/19 | Kim Eng | First Resources | 1.71 | 2.03 | Buy | PER17x |
| 03/04/19 | DMG & Partners | First Resources | 1.72 | 1.6 | Neutral | PER13x FY19 |
| 03/04/19 | DBS Vickers | First Resources | 1.72 | 1.97 | Buy | DCF |
| 03/05/19 | CIMB | First Resources | 1.7 | 2.12 | Add | |
| 03/12/19 | UOB Kay Hian | First Resources | 1.69 | 1.85 | Hold | Buy @ $1.65 |
| 04/09/19 | CIMB | First Resources | 1.79 | 2.12 | Add | |
| 04/22/19 | UOB Kay Hian | First Resources | 1.85 | 1.85 | Hold | |
| 05/06/19 | Kim Eng | First Resources | 1.82 | 2.03 | Buy | PER17x FY19 |
| 05/09/19 | UOB Kay Hian | First Resources | 1.79 | 1.85 | Hold | PER13x FY19, Buy @ $1.65 |
| 05/16/19 | DMG & Partners | First Resources | 1.7 | 1.53 | Neutral | PER13x FY20 |
| 05/16/19 | Kim Eng | First Resources | 1.7 | 1.93 | Buy | PER17x |
| 05/16/19 | DBS Vickers | First Resources | 1.7 | 1.95 | Buy | DCF, PER16.5x FY19 |
| 05/16/19 | UOB Kay Hian | First Resources | 1.7 | 1.7 | Hold | Buy @ $1.50 |
| 06/06/19 | DMG & Partners | First Resources | 1.56 | 1.53 | Neutral | |
| 07/02/19 | Kim Eng | First Resources | 1.6 | 1.93 | Buy | |
| 07/16/19 | DBS Vickers | First Resources | 1.55 | 1.82 | Buy | DCF |
| 08/06/19 | UOB Kay Hian | First Resources | 1.53 | 1.6 | Hold | Buy @ $1.45 |
| 08/15/19 | Kim Eng | First Resources | 1.57 | 1.8 | Buy | PER17x FY20 |
| 08/15/19 | DMG & Partners | First Resources | 1.57 | 1.45 | Neutral | PER14x FY20 |
| 08/15/19 | CIMB | First Resources | 1.57 | 1.76 | Add | |
| 08/21/19 | UOB Kay Hian | First Resources | 1.5 | 1.6 | Hold | Buy @ $1.45 |
| 08/21/19 | DBS Vickers | First Resources | 1.5 | 1.8 | Buy | DCF |
| 09/30/19 | DMG & Partners | First Resources | 1.6 | 1.9 | Buy | PER18x FY20 |
| 11/07/19 | UOB Kay Hian | First Resources | 1.73 | 1.9 | Buy | PER15x FY20 |
| 11/12/19 | DMG & Partners | First Resources | 1.73 | 1.95 | Buy | PER18x FY20 |
| 11/13/19 | Kim Eng | First Resources | 1.78 | 1.86 | Hold | PER18x FY20 |
| 11/13/19 | UOB Kay Hian | First Resources | 1.78 | 1.85 | Buy | |
| 11/13/19 | DBS Vickers | First Resources | 1.78 | 1.95 | Buy | DCF |
| 12/10/19 | DBS Vickers | First Resources | 1.83 | 2.1 | Buy | DCF |
| 01/20/20 | DMG & Partners | First Resources | 1.77 | 2.3 | Buy | PER18x FY20 |
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